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Official Statement on IPO announced in the 2011/2012 Budget

Dear Citizens,

The Board and Management of First Citizens welcomes Government's announcement in the 2011/12 Budget, of an Initial Public Offering (IPO) of shares in First Citizens.

Government always intended that when First Citizens reached a certain level of profitability, and had a solid track-record of sound management, the people of Trinidad & Tobago would acquire ownership.

If you are a customer who helped the Bank flourish…

If you are a staff member who worked to make the Bank the highest-rated indigenous financial institution locally, with the highest international credit ratings in the English-speaking Caribbean…

If you are a citizen who looked on as the Bank achieved one 'first' after another in its 18 years…

YOU can now share in the rewards of First Citizens phenomenal success story.

Through this IPO, First Citizens will be representative of the "first citizens" of our Nation who can now directly own shares in the Bank.

The details of the IPO are being worked out, and we will continue to keep you informed through this and other media as the process is formalized.

More than ever, at this landmark moment in the Group's history; First Citizens is proud to be yours.

Sincerely,

Larry Howai
Group CEO

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