Appointment of New First Global Bank President

Mr. Courtney Campbell, Chief Executive Officer, GraceKennedy Financial Group Ltd. (GKFG), is pleased to announce the appointment of Mrs. Maureen Hayden-Cater to the position of President, First Global Bank Ltd., effective August 1, 2010.

Mrs. Hayden-Cater brings to First Global several years of diverse banking experience, gained during her twenty-two year tenure at Citibank N.A. Jamaica. She has served in a number of executive positions, which include Global Transaction Services & Commercial Bank Head, Risk Management Head, and Head of International Trade Finance. She also served as Corporate Bank Head and Country Risk Manager in Tegucigalpa, Honduras, for four years.

A graduate of the University of the West Indies, Mona, Mrs. Hayden-Cater holds a Master of Science degree in Economics, specializing in Quantitative Economics and Econometrics, and a Bachelor of Arts degree in Economics and Mathematics.

Mrs. Hayden-Cater is married with two daughters. She speaks Spanish, enjoys reading, exercising, community service and is an active member of her church.

Please join me in welcoming Mrs. Hayden-Cater to the GraceKennedy family. We wish her all the best and look forward to the continued success of First Global Bank under her leadership.

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