Special Advisory: NCB Financial Group Limited (NCBFG)

December 31, 2018

NCB Financial Group Limited (NCBFG) today launched through its wholly-owned subsidiary, NCB Global Holdings Limited (‘NCB Global Holdings’), an offer and take-over bid (the ‘Offer’) to all shareholders of GHL, a public company incorporated in Trinidad and Tobago, to acquire up to 74,230,750 ordinary shares in GHL (the ‘GHL Shares’) for US$2.79 per GHL share. The Offer, if successful, would result in NCBFG acquiring up to 32.01% of the outstanding shares in GHL which, when combined with NCB Global Holdings’ existing 29.99% shareholding in GHL, represents a 62% controlling interest in GHL.

Unless extended, the Offer period will close on February 7, 2019. Full acceptance of the Offer would result in a cash payment by NCBFG of the aggregate sum of up to US$207,103,792.50 to the shareholders of GHL who accept the Offer.

The Offer will be conditional upon GHL Shareholders tendering shares which would result in NCB Global Holdings acquiring more than 50.01% of the aggregate outstanding shares of GHL and obtaining regulatory and other approvals required to acquire the GHL Shares.

For further details, please visit www.jamstockex.com