We refer to the announcements made on 29 September 2014, 29 October 2014, 25 June 2015, 26 October 2015, 5 November 2015 and 30 November 2015 in relation to the Material Litigation ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

The Board of Directors of DPS wishes to announce the following update to the Material Litigation.

On 14 January 2016, the solicitors acting for SSB had received a fax from the Court of Appeal informing them that the case fixed for hearing on 15 January 2016 had to be postponed as one of the judge sitting in the panel judges for the hearing, had been assigned to sit on a special panel for urgent and priority cases fixed for 15 January 2016. On attending court on the 15 January 2016, the Court had given the earliest hearing date available to the court, which is the 11th of March 2016.

The solicitors acting for SSB are of the opinion that, based on the numerous rulings made by the Court on admission of documents and the testimonies of witnesses and experts from SSB and MSIG, SSB has a reasonably fair chance of sucess in dismissing MSIG's appeal against the Judgment.

This announcement is dated 22 January 2016.