June 21, 2019

NCB Financial Group Limited (NCBFG) has announced that NCB Capital Markets Limited (“NCBCM”), a subsidiary of NCBFG, has enter into a share purchase agreement with Sagicor Investments Jamaica Limited, Fundy Bay Equity Holdings Limited (affiliated with Mark Thompson) and Resource in Motion Limited (affiliated with Donavan Lewis) for the sale of NCBCM’s 100% stake in Advantage General Insurance Company Limited. NCBFG further advised that the Share Purchase Agreement contemplates that the shares will be sold for a consideration of US$50,500,000.00 (approximately J$6,592,775,000.00). Completion of the transaction is subject to regulatory approval. NCBFG has also advised that two Directors purchased a total of 15,751,900 NCBFG share and that two connected parties sold 15,750,000 NCBFG shares. These transactions were conducted during the period June 18 to 19, 2019.

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.