Resolutions passed at Extraordinary General Meeting

Kingston Wharves Limited has advised that by Ordinary Resolution passed at an Extraordinary General Meeting of the Company held on March 29, 2012, the Company`s share capital has been increased by the issue of 357,550,000 ordinary shares, and the newly issued shares have been allotted to Jamaica Producers Group Limited (JP) for a total purchase price of $1,787,750,000. The Company`s articles of Incorporation have been amended to permit individuals or groups of persons holding 21% of the shares of the Company to appoint 3 directors to the Board, and that Kathleen Moss and Jeffrey Hall have been appointed directors of the Company based on nomination by JP.