Carreras Limited - Special Capital Cash Distribution

Carreras Limited has advised that the Directors
declared a special capital cash distribution of $1.34 per stock unit to be paid
out of proceeds received from the liquidation of a subsidiary, pending the
granting of a transfer tax exemption pursuant to the Transfer Tax Act. The
special capital cash distribution will be paid on July 31, 2014 to stockholders
on record as at July 18, 2014. Ex date July 16, 2014.