Cayman National

Cayman National Announces the Resignation of President of its International Financial Services Division

26 March 2010

Cayman National Corporation Ltd. announces that Mr. Ian Phillips has resigned his position as President of Cayman National’s International Financial Services division (IFS), effective March 19, 2010, for personal reasons.

Mr. Phillips has agreed to assume a new position within Cayman National to work on a number of special projects.

Cayman National has begun the process of identifying a successor for Mr. Phillips, and in the interim, Mrs. Debra Humphreys will take over responsibility for the day to day management of Cayman National Trust Co. Ltd.

Mr. Stuart Dack, Cayman National CEO, said "Ian took on the role of President of IFS five years ago and the last few years have been very demanding for him. I am grateful to Ian for his hard work and diligence whilst President and I wish him well in his new position."