Ceiba Investments Ltd, after careful consideration, the Board has taken the decision to cancel the dividend which was scheduled to be paid in June 2020. This decision has been taken against the backdrop of the significant impact that the COVID-19 pandemic is expected to have on the Cuban tourism sector in the present year, as well as the planned investment programme of the Group. The Board is conscious that this changes the dividend policy set out in the Company's prospectus in 2018, which stated that the Company intended to pay an annual dividend targeting a yield of 4%, and the Board intends to reinstate the dividend at the indicated rate as soon as possible.