Sagicor have announced a Sagicor Real Estate X Fund Limited and a copy of their Prospectus was delivered to the Registrar on the 13th day of September 2013.

A copy of this Prospectus was also delivered to the Financial Services Commission for the purposes of the registration of the Company and was so registered on the 13th day of September 2013.

The Prospectus is intended for use in Jamaica only and is not to be construed as an invitation to any person outside Jamaica to subscribe or apply for any of the Shares.

Brief part of Summary

Prospective Investors are advised to read the entire Prospectus carefully before making an investment decision about this IPO. Specific attention of the Investors is invited to the Risk Factors in Section 7 of this Prospectus. Any decision to invest in the Shares should be based on consideration of this Prospectus, as a whole, including any document incorporated therein by reference.

X FUND, as holder of units in the Sigma Real Estate Portfolio expects to derive income such units. Sigma Real Estate Portfolio in turn expects to derive rental income and/or realized capital gains from twelve (12) Properties acquired by it from Sagicor Jamaica and PIF.

Eleven (11) Properties (including 3 hotels, namely, The Jewel Dunn’s River Beach Resort and Spa, Jewel Runaway Bay Beach & Golf Resort and Jewel Paradise Cove Beach Resort & Spa) are currently generating income from rentals and hotel operations. The twelfth Property, being Seymour Avenue, is an undeveloped property with potential to generate return profit from development. At the present time, there are no definitive plans for its development. Further details of each Property appear under the Section 10. The total market value of all twelve (12)

Properties transferred to Sigma Real Estate Portfolio is shown below together with the net asset transferred along with the Properties were as follows:

(a) J$5,155,450,000.00 (all properties other than hotels);

(b) US$37,000,000.00 (The Jewel Dunn’s River Beach Resort and Spa);

(c) US$30,000,000.00 (Jewel Runaway Bay Beach & Golf Resort);

(d) US$17,000,000 (Jewel Paradise Cove Beach Resort & Spa)

(e) J$249,682,728.20 (collateral assets transferred net of liabilities assumed).

On May 1, 2013 Sigma Real Estate Portfolio completed the acquisition of the former Royal DeCameron Fun Caribbean Resort (formerly Hedonism III) which has been re-branded as Jewel Paradise Cove Beach Resort & Spa. The purchase price was US$12,450,000.00 (market value as per valuation US$17,000,000 to US$19,000,000) and was funded initially by Sagicor Jamaica and or PIF. On completion Sagicor Sigma “repaid” Sagicor Jamaica and or PIF by issuing units to them based on the prevailing unit buying price as at the issue date.

To obtain a full copy of the Prospectus go to: www.sagicorjamaica.com/prospectus

and call a Sagicor Investment Advisor at 1-888-SAGICOR (