Special Advisory: Dolphin Cove Limited (DCOVE)

March 20, 2020

Dolphin Cove Limited (DCOVE) has advised that effective 3 March 2020, a subsidiary, Dolphin Cove (Negril) Limited, granted to Reserve Investments Limited an option, for one year, renewable for a further period of one year, to purchase on terms the property on which the Marine Park at Lucea is located for the purpose of constructing a hotel thereon. The option money is US$100,000 and a further sum of US$100,000 will be payable if the option period is extended for a further year. DCOVE has further advised that the Company has retained the right to continue to operate its Marine Park in the hotel and would be adequately compensated should the park at Lucea need to be closed for any reason and period during construction, in the event the option is exercised.

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.