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BHL Notice To Shareholders - November 16th

November 16, 2015

Shareholders are advised that, subsequent to the lifting of the interim injunction, the revised closing dates of the offer for their shares in Banks Holdings Limited are as follows:

Revised Bid (per share) & New Deadline

SLU Beverages, Ltd. (“SLU”) ($5.60): 3:00 pm on Thursday, 19th November 2015

AM Caribbean Development Ventures Ltd. (“AMC”) ($6.00): 4:00 pm on Monday, 14th December 2015.

The Directors are in the final stages of completing the Directors’ Circular with respect to AMC’s revised offer of $6.00 which was received on Wednesday, 4th November 2015 and expect to issue this very shortly now that the injunction has been lifted.

Shareholders who have already lodged their shares with SLU Beverages, Ltd. are reminded that, with the revised closing date noted above, they have until 3:00 pm on Tuesday 17th November 2015 to withdraw their shares. Failure to do so by that time and date effectively locks them into the SLU bid unless SLU's bid is further revised as such would result in an extension of SLU’s closing date.

The Directors are conscious of the fact that shareholders circumstances are not identical and therefore advise that each shareholder should consider their options carefully including seeking the professional advice of their own advisors.

Dated 16th November, 2015

On behalf of the Board of Directors

G. Anthony King