Caribbean Investment Holdings appoints Peter Gaze as Chairman of its Board of Directors

– BELIZE, Belize City –  Caribbean Investment Holdings Limited (AIM: CIHL | BSX: CIHL) today announced that Cheryl Jones has informed the Board that she is stepping down as Chairman and Non-Executive Director with immediate effect to concentrate her focus on other business obligations and developments. The Board also announced the immediate appointment of Peter Gaze as Chairman of the Board.

The Board thanks Ms. Jones for her years of dedicated service and many contributions throughout the Company’s transformation during challenging economic times and amid an environment of increased regulation.

The Board of Directors of the Company is comprised of Euric Bobb, Peter Gaze, Lyndon Guiseppi, Ydahlia Metzgen, Philip Osborne and Geraldine Davis-Young.

About Peter Gaze

Peter Gaze has been a Director of the Company since 2007. He is also a Non-Executive Director of Marlowe Holdings PLC, Waterloo Investment Holdings Limited, Carlisle Support Services Group Limited, Normandy Limited and Hawley Group Limited.

Mr. Gaze was previously Chief Financial Officer of the Company from 1997 to 2015 and of Waterloo Investment Holdings Limited from 2011 to 2015. Mr. Gaze was also previously a senior financial executive at ADT Group Limited during its expansion in the UK and US in the period leading up to its acquisition by Tyco International in 1997.

Mr. Gaze trained with the international accounting firm of PricewaterhouseCoopers in London and is a Fellow of the Institute of Chartered Accountants in England and Wales.

The Board of Directors of the Company is comprised of Euric Bobb, Peter Gaze, Lyndon Guiseppi, Ydahlia Metzgen, Philip Osborne and Geraldine Davis-Young.

About Caribbean Investment Holdings Limited

Caribbean Investment Holdings Limited is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL’s businesses are conducted through its subsidiaries. The Belize Bank Limited is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Limited is incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. CIHL also owns an international corporate services business based in Belize, which operates as Belize Corporate Services Limited. Within Belize, BBL is the largest, full service commercial and retail banking operation with a head office in Belize City and eleven branches extended into each of the six districts of Belize. The principal operations of BBL are commercial lending, consumer lending, deposit-taking and related banking activities.

For more information: http://www.www.cihltd.co

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