To the Creditors,

Stanford International Bank Limited – in Liquidation (the Company)

Notice of Resignation of Hugh Dickson as Joint Liquidator of the Company

I write to notify the creditors of the Company that as of 31 December 2023, Hugh Dickson intends to retire from Grant Thornton Specialist Services (Cayman) Limited and cease to practice as an insolvency practitioner. As such, Mr. Dickson intends to resign from his role as Joint Liquidator of the Company.

It is proposed that Kevin Hellard, of Grant Thornton UK LLP, replace Hugh Dickson as Joint Liquidator of the Company. Mr. Hellard is an experienced insolvency professional and has extensive experience in insolvency matters. 

I will continue to act as Joint Liquidator of the Company.

Any objections received by the Joint Liquidators to the proposed replacement of Mr. Dickson will be brought to the attention of the Eastern Caribbean Supreme Court of Antigua and Barbuda at the hearing of the application for the Court’s approval of Mr. Hellard’s appointment. All objections are to be submitted to the Joint Liquidators within 14 days of the date of this notice.

Should you have any questions, please contact my colleague Ryan Fisher by email: ryan.fisher@uk.gt.com or on +1 284 346 4913.

Yours Sincerely,

Mark McDonald – Joint Liquidator of the Company

Dated: 18 October 2023