TTCI Market Capitalization post First Citizens listing

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2 TTCI Market Capitalization post First Citizens listing Other 95% First Citizens 5% Offered for sale 1% Not offered for sale 4% TT$ Billion Current TTCI Mkt Cap as at 18 July Total Market Cap of First Citizens 5.53 Offered for sale 1.07 Not offered for sale 4.46 TTCI Mkt Cap post First Citizens listing What do I need to subscribe? Clients with existing brokerage accounts who wish to subscribe would need to present the following A valid form of Identification - o T&T Passport OR o Drivers Permit and Birth Certificate OR o National ID card and Birth Certificate A recent Bank Statement, as proof of account number only local savings and chequing accounts will be accepted A completed Subscription Form to the FCB IPO available at all participating brokerage houses, of which Bourse is one

3 A Trinidad and Tobago Central Depository (TTCD) account number stockbroking account What if I do not have a TTCD account? We at Bourse can help you to open a stockbroking account. You will be required to provide the following: Two valid forms of identification (DP/ID/PP) Proof of address a utility bill or bank statement (no more than 3 months old) A completed TTCD Agreement Form available at Bourse offices How many shares can I purchase? There is no minimum or maximum number of shares that an investor can subscribe for. However, in accordance with the prospectus Each individual investor who is a national of Trinidad & Tobago will be given the right to buy a guaranteed minimum allocation of 50 shares. In other words, in the case of over subscription, those who have subscribed for more than 50 shares are guaranteed to receive a minimum of 50 shares. Those who have subscribed for less than 50 shares will receive the amount they have subscribed for. Each employee of the Bank can purchase up to 5,000 shares at a 10% discount ($20). Any additional shares can be purchased at the offer price of $22. There will be a black-out period of 90 days post listing during which employees will not be permitted to sell shares that were purchased at the discounted price. Only one (1) subscription per investor is allowed. Multiple applications will be discarded. For investors who have joint accounts but both persons wish to purchase shares individually, it is recommended that separate individual accounts be used. How will the shares be allocated? In the event of oversubscription, the shares are being allocated in descending order of priority as shown in Table 1. Table 1: Allocation (in order of priority): Percentage No. of shares Employees of First Citizens 15% 7,274,350 Individual investors who are nationals of T&T 15% 7,274,350 Pension and other trust funds, credit unions and coops 25% 12,123,916 Registered Mutual Funds (including UTC) 25% 12,123,916 National Insurance Board 10% 4,849,567

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5 At a price of $22, First Citizens will be trading at a forward P/E of 9.4 times with a dividend yield of 4.8% based on projections provided by the Issuer. Bourse recommends a buy. Next week, we will be conducting an in depth analysis and valuation of the stock for investors. For more information, investors can call or or visit us at any one of our offices. Further information is also available on Bourse s website at and Bourse Securities Limited Facebook page. This document has been prepared by Bourse Securities Limited, ( Bourse ), for information purposes only. Any trade in securities recommended herein is done subject to the fact that Bourse, its subsidiaries and/or affiliates have or may have specific or potential conflicts of interest in respect of the security or the issuer of the security, including those arising from (i) trading or dealing in certain securities and acting as an investment advisor; (ii) holding of securities of the issuer as beneficial owner; (iii) having benefitted, benefitting or to benefit from compensation arrangements; (iv) acting as underwriter in any distribution of securities of the issuer in the three years immediately preceding this document; or (v) having direct or indirect financial or other interest in the security or the issuer of the security. Investors are advised accordingly. Neither Bourse nor any of its subsidiaries, affiliates directors, officers, employees, representatives or agents, accepts any liability whatsoever for any direct, indirect or consequential losses arising from the use of this document or its contents or reliance on the information contained herein. Bourse does not guarantee the accuracy or completeness of the information in this document, which may have been obtained from or is based upon trade and statistical services or other third party sources. The information in this document is not intended to predict actual results and no assurances are given with respect thereto.

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