PanJam to Refinance Maturing Debt

Pan-Jamaican Investment Trust Limited has advised of the following: its acquisition of shares in Sagicor Life Jamaica Limited in 2012 for a consideration of $3,055,100,542 was funded in part with proceeds from a private placement of $2,500,000,000 in secured notes with maturities ranging from 2 years to 5 years. The first tranche of $600,000,000 matured on July 22, 2014 and arrangements have been made to refinance the said amount with effect from July 23, 2014 for a further two years.