Listing of Convertible Bonds

 14 April 2021

CEIBA INVESTMENTS LIMITED

(the "Company")

(TICKER CBA, ISIN: GG00BFMDJH11)

Legal Entity Identifier: 213800XGY151JV5B1E88

LISTING OF CONVERTIBLE BONDS

Successful admission of €25 million Senior Unsecured Convertible Bonds 2026 to TISE

Further to the announcement on 31 March 2021, CEIBA Investments Limited, the largest listed international company solely dedicated to investing in Cuba, with interests in Cuba's commercial and tourism real estate sectors, is pleased to announce the successful admission to The International Stock Exchange (TISE), Guernsey, of the €25,000,000, 10%, senior unsecured convertible bond issue due for repayment on 31 March 2026 (the "Bonds"). The ISIN number of the Bonds is GG00BMV37C27.

Trading in the Bonds can take place over the counter (OTC) but is expected to be limited. The Company has not appointed a market maker in the Bonds that is a trading member of TISE and in the absence thereof no price data with respect to the Bonds will be published on TISE.

END OF ANNOUNCEMENT

For further information, please contact:

Aberdeen Standard Fund Managers Limited Tel: +44 (0)20 7463 6000

Sebastiaan Berger / Evan Bruce-Gardyne 

N+1 Singer Tel: +44 (0)20 7496 3000

James Maxwell / James Moat (Corporate Finance)

James Waterlow (Sales)

JTC Fund Solutions (Guernsey) Limited Tel: +44 (0)1481 702400

www.ceibalimited.co.uk