Special Advisory: Scotia Group Jamaica Limited (SGJ)

November 28, 2018

Scotia Group Jamaica Limited (SGJ) has advised that a dividend payment will be considered at a Board of Directors’ meeting scheduled to be held on December 5, 2018. SGJ has also advised that the Company will be selling the shares of Scotia Jamaica Life Insurance Company Limited at an agreed purchase price of US$144MM (subject to customary adjustments and assuming a pre-closing dividend of excess capital).