October 8, 2026

Scotia Group Jamaica Limited (SGJ) has advised that shareholders of Scotia Group Jamaica Limited at court convened meetings held on October 7, 2026, at the AC Hotel by Marriott in Kingston, voted in favour of the Scheme of Arrangement effecting the proposed privatization transaction involving Scotiabank Caribbean Holdings Limited. SGJ has further advised that the approval represents an important milestone in the proposed transaction, under which minority shareholders would receive J$75.00 per ordinary stock unit held. SGJ has also advised that the transaction remains subject to the Court’s approval and other customary closing conditions and, if these are satisfied, is expected to close in the fourth calendar quarter of 2026.

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