November 22, 2018

Kingston Wharves Limited (KW) has confirmed that by transaction completed with effect from August 31, 2018, KW Logistics Limited, of which KW is the ultimate parent, acquired a 50% shareholding interest in SSL REIT Limited at a cost of US$ 473,305.80. Going forward, the transaction and subsequent performance of SSL REIT Limited will be treated for accounting purposes as an investment in associate. KW has also made an interest-bearing loan of J$470 million to its new associate. The loan is adequately secured.