STATEMENT FROM CPL LIMITED WITH REGARD TO ST LUCIA STARS

On 7 August 2019, CPL Limited terminated the participation agreement
between it and Royal Sports Club, LLC, the entity that operated the St Lucia
Stars franchise.

As a result of that termination, Royal Sports Club, LLC no
longer has the right to operate a team to compete in the Caribbean Premier
League tournament, and the St Lucia Stars will not be participating in the
2019 Caribbean Premier League, which begins on 4 September 2019.

CPL Limited is in the process of establishing and operating a new franchise to
be based in St Lucia that will participate in the 2019 Caribbean Premier
League.

More information about that new franchise will follow in due course.
CPL Limited will be making no further public comment at this time.