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National Commercial Bank of Jamaica Ltd. (NCBJ) – Acquisition

NCB declares that:

(i) It has acquired 466,090,902 ordinary shares (which represents in excess of 20% of the share capital) in Kingston Wharves Ltd, a public company duly incorporated under the laws of Jamaica with its registered office at 71 Harbour St, Kingston, (“the company”).

(ii) The purpose of the acquisition is for equity investment.

(iii) It is not intended to purchase further equity in the company at this time.

(iv) It is not intended to acquire control of the business or majority shareholding of the company.