JP Says Further Acquisition of KW Shares Was Made for Investment Purposes

In accordance with Rule 12.1 of the JSE Takeover and Merger Rules Jamaica Producers Group Limited (JP) has provided the following information in relation to its recent acquisition of 11.59% of the stock units of Kingston Wharves Limited (KW) : (i) the acquisition was made for investment purposes (ii) JP does not intend at this time to make material purchases or sales of the stock units in KW. (iii) It is not the intention of JP to seek control of KW or to acquire majority shareholding in the company.