GRAND CAYMAN, August 14, 2023 - Cayman National Corporation Ltd. ((CSX: CNC) KY) (“CNC”) hereby
notifies that on August 11, 2023, Colin Hanson, a director of CNC, bought (a) 3,256 CNC shares at a price
of US$6.00 per share; and (b) 750 CNC shares at a price of US$5.95 per share, for an aggregate purchase
price of US$23,998.50.