British American Insurance Company Postpones Regional Meeting Due To Hurricane Maria

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Due to the likely impact of Hurricane Maria on the infrastructure in the Eastern Caribbean and
also the impact on Plan Creditors ability to travel, the Chairman, in consultation with the
Judicial Manager has reluctantly taken the decision to postpone the Meeting of Plan
Creditors (as defined in the Plan of Arrangement (“the Plan)) scheduled to take place on 21
September 2017 at 10.00 local time (Atlantic Standard Time, GMT-4). This is in accordance
with the ‘Adverse Weather Contingency’ provisions set out on page 35 of the Plan document.
The Meeting comprises the Principal Meeting (in St. Kitts & Nevis) and the Sub-Meetings (in
Antigua & Barbuda, Grenada and St. Vincent & the Grenadines) and has been postponed in all
locations.

The Meeting (comprising the Principal Meeting and Sub-Meetings) will be reconvened on
a date to be determined by the Judicial Manager in consultation with the Chairman which will
be notified to Plan Creditors.

The Judicial Manager is currently checking the availability of the Chairman and the venues for
the reconvened Meeting. The notice to be sent to Plan Creditors will contain the date of the
reconvened Meeting and will also confirm the addresses of the reconvened Meeting. The
structure of the Meeting will be unaltered, with a Principal Meeting to be held in St. Kitts &
Nevis and Sub-Meetings held in Antigua & Barbuda, Grenada and St. Vincent & the
Grenadines. The Principal Meeting and Sub-Meetings will be classed as one Meeting. The
venues of the Principal Meeting and Sub-Meetings are likely to remain the same but until the
impact of Hurricane Maria is known the addresses cannot be confirmed.

Plan Creditors who have filed Voting and Claim Forms will be entitled to rely on those for
the purpose of the reconvened Meeting, unless you wish to amend, in which case the guidance
notes attached to the Voting and Claim Forms will apply. If you are returning your Voting
and Claim Form in advance, the deadline is extended to 17.00 local time (Atlantic Standard
Time, GMT-4) the day prior to the reconvened Meeting which will be confirmed in the notice
sent to Plan Creditors.

In all other respects the notice and conduct of the reconvened Meeting shall be in the same
terms and manner as provided for the Meeting.
If you have any questions, please contact one of the helplines listed in the Plan Document or
email baicomail@kpmg.com.bs

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