May 28, 2026

General Accident Insurance Company Jamaica Limited (GENAC) has advised that it has issued shares as consideration to CGH Limited in keeping with the executed definitive agreements among GENAC, Musson (Jamaica) Limited and CGH Limited for the acquisition of the Beacon Insurance Company Limited (Beacon). The company has further advised that prior to the transaction, CGH Limited was the controlling shareholder of Beacon. Upon completion of the acquisition of Beacon by Musson and GENAC, GENAC will own 70% of Beacon.

GENAC has also advised that CGH has been issued 150,021,478 ordinary shares and 9,700 redeemable preference shares in the capital of GENAC. Aspects of GENAC’s acquisition of Beacon remain subject to the receipt of final regulatory approvals from Beacon’s regulators.

GENAC has further advised of the appointment of Mr. Christian Hadeed and Mr. Christopher Woodhams to the Board of Directors, effective May 19, 2026.

For further details, visit www.jamstockex.com

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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.