Somers Limited - Sale of Stockdale Securities Limited

13 February 2019

Hamilton, Bermuda – 13 February 2019 – In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH) a financial services investment holding company, is pleased to announce that it has agreed the conditional sale of its 55% holding in Stockdale Securities Limited (“Stockdale”), to Shore Capital Markets Limited (“Shore Capital”). The full filing stated;

For Immediate Release - (Hamilton, Bermuda):- 13 February 2019 Somers Limited, a financial services investment holding company, is pleased to announce that it has agreed the conditional sale of its 55% holding in Stockdale Securities Limited (“Stockdale”), to Shore Capital Markets Limited (“Shore Capital”), an AIM quoted independent investment group, for an initial consideration of £2.7 million and a maximum deferred consideration of up £2.2 million. Completion of the sale is conditional upon the UK’s Financial Conduct Authority’s consent to the change of control of Stockdale.

Warren McLeland, Somers’ Chairman commented;

“Somers has been the majority shareholder in Stockdale for a number of years. During that time, it has developed into a sustainable and profitable business. We wish Stockdale success in the future as part of the Shore Capital group.”

Media Contacts:

Alasdair Younie

Director

ICM Limited

Tel: +1 441-299-2897

Email: ay@icm.bm

-ENDS-

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