FOR IMMEDIATE RELEASE

Claims Process in Place for Fraud Victims

ANTIGUA-January 18, 2012– The Joint Liquidators of Stanford International Bank released details of their initiation of the formal claims process to set the amount of claims of all creditors of the Bank. The formal claims process is essential to facilitate distribution to the creditors of which over 99.9% are depositor victims. All creditors of Stanford International Bank, Limited (“SIB”) must complete and submit a claim form if they wish to receive any distributions that may be made in the future. This includes those creditors that may have previously registered their claims with the former Joint Liquidators. All details, including copies of the claims form and other relevant information, can be found at www.sibliquidation.com/claims-administration in both English and Spanish. 

The Joint Liquidators are moving forward to put in place the formal process for claims administration in the hopes that either SIB’s funds presently held in the UK, Canada and Switzerland become available or a sale of the SIB lands in Antigua is concluded. “Today we can’t say that either is imminent,” said Joint Liquidator Hugh Dickson of Grant Thornton, “but we continue pushing forward on both fronts as hard as we can to make distribution to depositor victims. We do, however, urge all creditors to lodge their claim as quickly as possible to allow for the possibility of an interim distribution.”

Any questions with respect to completing the claims form can be sent to stanford.claims.support@uk.gt.com. Additionally, the Joint Liquidators are in the process of establishing a dedicated phone number that creditors can call with their questions regarding the claims process. The number will be posted to the liquidation website once it is in place.