FOR IMMEDIATE RELEASE

Ennia Group Announces Senior Management Promotions

Willemstad, CURAÇAO – May 18, 2018. Ennia Caribe Holding N.V. announces the
following Senior Management promotions:

1: Mr. Richard Gibson is appointed, effective immediately, as President and General

Managing Director of Ennia Caribe Holding N.V. Mr. Gibson will also serve as Managing
Director of Ennia Caribe Leven and all other Ennia Operating Entities as well as Managing
Director of E.C. Investments B.V., a wholly-owned subsidiary of the group.

Mr. Gibson has a long and distinguished background in private enterprise and public
service, as a practicing lawyer, General Counsel, and Chairman of the Board of the Ennia
Operating Entities. He was Chairman of the Board of the St. Maarten Commercial Bank,
member of the Supervisory Board Directors of RBTT Bank, and Chairman of the Board of
Nagico Insurance N.V. Mr. Gibson served in the public arena as the Minister of Constitutional
Affairs and Internal Affairs of the Netherlands Antilles, as well as Minister of Finance and
briefly as Minister of Justice in St. Maarten. Mr. Gibson was a member of the Board of the
Central Bank of the Netherlands Antilles for eight years. He also served as a member of the
financial oversight committee (CFT). He was the founder and publisher of The St. Maarten
Today.

Mr. Gibson’s appointment will be subject to customary regulatory approval.

2: Mr. Gibson succeeds Mr. Ralph Palm who will join the Board of Supervisory Directors
of Ennia Caribe N.V. and serve as the group’s Senior Strategic Advisor.

Mr. Palm will bring to the Board of Ennia Caribe Holding N.V. a wealth of experience as
Chairman of the Board of the Central Bank of the Netherlands Antilles, Chairman of the
accounting firm KPMG Antilles, and for the last seven years as President and General Managing
Director of the Ennia Group of Companies.

3: Mr. Abdallah Andraous will continue in his position as Managing Director of Ennia
Caribe Holding N.V. and of E.C. Investments B.V.

Mr. Andraous has long served as Chief Financial Officer of the Parman Capital Group
and as Managing Director of Parman International B.V., the parent company of the Ennia Group
of Entities, as well as in the senior position as Managing Director of the group’s most important
entities.

4: Mr. Percival Virginia, Managing Director of Banco di Caribe N.V., is promoted to

Managing Director at Ennia Caribe Leven and all other Ennia Operating Entities.
 In commenting on these appointments, Mr. Hushang Ansary, Chairman of the Board and
controlling stockholder of the Group said, “These are important promotions heralding the start of
a new chapter in the highly successful history of our Group. We are grateful to our employees
and members of our Management for their dedication, to our regulatory authorities for their
valued guidance, and to the government authorities for their support.”

Inquiries: Mr. Roy Beaujon

Secretary of the Board
Mobile – (5999) 696-9665