NCB Financial Group Limited (“NCBFG”) announces that the Financial Services Commission has advised of its non-objection to the sale of shares in Advantage General Insurance Company Limited by NCB Capital Markets Limited (“NCBCM”), a subsidiary of NCBFG, to Sagicor Investments Jamaica Limited, Fundy Bay Equity Holdings Limited and Resource In Motion. NCBCM expects to complete the transaction in the coming weeks, once other relevant conditions have been satisfied. ********** About NCB Financial Group NCB Financial Group Limited (“NCB”) was incorporated in April 2016 to be licensed under the Banking Services Act as the financial holding company for National Commercial Bank Jamaica Limited (“NCBJ”). NCB is the largest and most profitable financial services group in Jamaica with roots dating back to 1837. Through the bank and its wealth management, life and general insurance, and offshore banking subsidiaries, NCB provides a wide array of financial products and services to meet the needs of individual and business clients. The NCB Group includes NCBJ, NCB Capital Markets Limited and its subsidiaries in Barbados and Cayman, NCB Insurance Company Limited, Advantage General Insurance Company Limited, NCB (Cayman) Limited, Clarien Group Limited and its subsidiaries in Bermuda, Guardian Holdings Limited and its subsidiaries as well as NCB Global Finance Limited in Trinidad and Tobago. - End – NCB Financial Group Limited 32 Trafalgar Road | Kingston 10 | Jamaica W.I. www.myncb.com Nichole Brackett Walters, Manager – Group Marketing and Communications Unit Tel: 876-935-2342 | Email: [email protected] Jacqueline De Lisser, Head -Group Investor Relations, Performance Monitoring & Planning, Tel: 876-935-2540 | Email: [email protected]