NEW YORK — Kroll Bond Rating Agency (“KBRA”) has assigned a long-term rating of BBB- to the senior deposits of Caledonian Bank Limited (“Caledonian” or “the Bank”), a commercial banking subsidiary of Caledonian Global Financial Services Inc., headquartered in Grand Cayman, Cayman Islands. In addition, KBRA has assigned a Financial Strength Rating (“FSR”) of B to Caledonian Bank Limited.

KBRA’s long-term deposit rating of BBB- and FSR of B for Caledonian are supported by a quantitative view of the Bank’s financial fundamentals as well as a qualitative assessment of the Bank’s management and market strategy. The ratings incorporate the Bank’s strong level of capitalization, sound asset quality, highly liquid balance sheet, and adequate risk management procedures.

The ratings are based on KBRA’s SRS Foreign Bank Methodology, published on June 10, 2011 and Global Bank & Bank Holding Company Rating Methodology, published on March 2, 2013.

About Kroll Bond Rating Agency

KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (“NRSRO”). In addition, KBRA is recognized by the National Association of Insurance Commissioners (“NAIC”) as a Credit Rating Provider (“CRP”).