in respect of the Offer and Take-Over Bid Circular dated the 31st day of December, 2018 (as amended by the Notice of Correction dated the 31st day of December, 2018 and the Notice of Extension dated the 7th day of February, 2019) To: Holders of issued and outstanding ordinary shares of Guardian Holdings Limited. This Notice (this ‘Notice’) is supplemental to, and should be read in conjunction with, the Take-Over Bid Circular dated the 31st day of December, 2018 (as amended by the Notice of Correction dated the 31st day of December, 2018 and the Notice of Extension dated the 7th day of February, 2019, the ‘Offer Circular’) issued by NCB Global Holdings Limited (the ‘Offeror’), pursuant to which the Offeror offered to acquire up to Seventy-Four Million Two Hundred and Thirty Thousand Seven Hundred and Fifty (74,230,750) ordinary shares (the ‘Offer Shares’) in Guardian Holdings Limited (‘GHL’) at the Offer Price in cash per Ordinary Share subject to the terms and conditions contained in the Offer Circular (the ‘Offer’). Unless the context requires otherwise, terms not defined herein have the meanings set forth in the Original Offer Documents. The term ‘Amended Offer Circular’ means the Offer Circular, as supplemented by this Notice. Except as otherwise set forth in this Notice, there have been no changes to the terms and conditions of the Offer and, as such, those terms and conditions previously set forth in the Offer Circular continue to be applicable in all respects. This Notice will be issued in Trinidad and Tobago and a copy delivered to the Board of Directors of GHL and filed with the Trinidad and Tobago Securities and Exchange Commission (‘TTSEC’) and the Trinidad and Tobago Stock Exchange (‘TTSE’). Neither of these entities takes any responsibility for the veracity or validity of the contents of this Notice, and, in accordance with established practice, have neither approved nor disapproved of the Offer (as amended herein).
EXTENSION OF THE CLOSING DATE
As of the date of this Notice, the approvals required under the Foreign Investment Act, Insurance Act and Financial Institutions Act of Trinidad and Tobago remain outstanding. As the Offeror is restricted from taking up any GHL Shares until such time as all approvals are obtained, the Offeror has elected to extend the Closing Date to the 14th day of February, 2019 in order to prevent the Offer from lapsing before such approvals are obtained. The Offer will accordingly remain open for acceptance until the 14th day of February, 2019 at 4:00PM (the ‘Extended Closing Date’). TIME OF PAYMENT The Offeror will, upon the terms and subject to the conditions of the Offer, take up and pay for all Offer Shares deposited and not withdrawn under the Offer within the period required by applicable securities law and, in any event, except as otherwise required by applicable law, not later than ten (10) days after the Extended Closing Date, if all the terms and conditions of the Offer have been complied with or waived. RIGHT TO WITHDRAW The rights of withdrawal applicable to GHL Shareholders are set out in Section 4 of Appendix 1 of the Offer Circular. The rights of withdrawal remain the same in the case of the Offer. JURISDICTION The making of the Offer to persons not resident in, nor citizens of, Trinidad and Tobago may be affected by the laws of the relevant jurisdictions of those persons. GHL Shareholders not resident in and/or not citizens of Trinidad and Tobago should inform themselves about and observe and comply with any applicable legal requirements in their respective jurisdictions. It is the responsibility of any such GHL Shareholders wishing to accept the Offer to satisfy themselves as to the full observance of the laws of the relevant jurisdictions in connection therewith, including the obtaining of any governmental or other licenses, consents or approvals which may be required or the compliance with other necessary formalities. DIRECTORS' APPROVAL The contents of this Notice have been approved, and the publication of this Notice has been authorized by, the directors of the Offeror.
CERTIFICATE
The Offer Document and this Notice contain no untrue statement of a material fact and do not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the circumstances in which it was made.
Yours faithfully For and on behalf of NCB GLOBAL HOLDINGS LIMITED
By: And By: Name: Patrick Hylton Name: Dennis Cohen Title: Director Title: Director Dated this 11th day of February, 2019 Dated this 11th day of February, 2019
Any questions or requests for assistance may be directed to:
Republic Securities Limited 2nd Floor, Promenade Centre 72 Independence Square Port of Spain, Trinidad Tel: (868) 623-0435/6/8/9 Fax: (868) 623-0441 Email: [email protected]