TCL Reaches Agreement With Lenders re Restructured Debt

Trinidad Cement Limited (TCL) has advised that at the special meeting held on February 9, 2015, Shareholders were advised that TCL had reached an agreement in principle with its Lenders with respect to the restructuring of the debt. TCL is pleased to advise that on March 17, 2015, the Board of Directors of TCL considered the various draft restructuring agreements and passed resolutions approving (inter alia) the terms and conditions outlined therein. The said restructuring agreements were signed by TCL on March 24, 2015, and all related documents are expected to be fully executed by, and be effective March 31, 2015.