An Update from Cayman National President and Chief Executive Officer

Dear Customers, Clients, and Shareholders,

As we look ahead, I want to provide you with an update on our operations.

We have continued to carefully follow the sensible advice received from our Government to ensure we protect our clients, customers and employees as best we can during these challenging times.

As you are aware in the early days of controlling the spread of the coronavirus we restricted the opening of our Customer Service Centres (CSCs) to our Camana Bay and Cayman Brac locations.

More recently, we opened our Countryside location and today, Monday the 22nd of June, we are pleased to be opening our Centennial Towers location in West Bay. The planned opening of our CSCs has been carefully considered to ensure that we balance our ability to serve our customers whilst still protecting everyone in the most appropriate way.

As the Government continues to progressively lift restrictions, we are still carefully monitoring the situation to ensure our CSCs and offices continue to provide a safe environment with suitable social distancing measures in place. With this in mind we are using our premises at Elgin Avenue and Buckingham Square for extended office space so that our staff can be adequately spaced. For the time being, this does not allow us to provide our usual banking services from these locations.

Cayman National Securities and Cayman National Fund Services will continue to provide remote services as far as possible and remain committed to meeting our clients needs.

As I have mentioned before, we are most grateful to you for your kind understanding and cooperation.

I take the opportunity to again thank all the Cayman National employees for their professionalism and hard work. I am confident that we will emerge stronger together from these unusual times.

Stuart Dack, President & Chief Executive Officer