In accordance with the Company’s Bylaws, the number of Directors to be elected at the 56th Annual General Meeting of Shareholders scheduled for December 20, 2012 is three (3). The following information is provided for the due consideration of Shareholders.


RETIRING DIRECTORS SEEKING RE-ELECTION TO OFFICE

Mr. C. Davidson Charles
Mr. Charles was elected to the Board of Directors of Antigua Commercial Bank on June 19 2003, and was appointed to the position of Chairman of the Board in January 2007. He was appointed to the Board of Directors of ACB Mortgage & Trust Company Ltd., the Company's wholly owned subsidiary, in 2005.

Throughout his tenure on the ACB Board of Directors, he has served on various Sub- Committees and is the current Chairman of the Governance and Executive and Investment Committees.

Mr. Charles serves on several other Regional Boards and is a Member of the Canadian Institute of Chartered Accounts. He is also an Accredited Director through the International Chartered Secretaries of Canada.

Mr. Charles is currently the General Manager of LIME, a Telecommunications Company which operates in Antigua & Barbuda.


Mr. Gordon Derrick
Mr. Gordon Derrick was appointed to the Board of Directors of Antigua Commercial Bank in September 20, 2004 and to the Board of Directors of ACB Mortgage & Trust Company Ltd., the Company's wholly owned subsidiary in May 2008. He presently holds the position of Vice Chairman of the ACB Board and serves as Chairman of the Trust Board.

Mr. Derrick is also the Chairman of the Marketing and Public Relations and AGM Editorial Sub- Committees of the Board of Directors.

He holds a Bachelors of Science Degree in Mechanical Engineering from Florida Institute of Technology and a Masters of Science Degree in Business Administration from the University of the West Indies (UWI). He is also an Accredited Director through the International Chartered Secretaries of Canada.

Mr. Derrick is the President of GDEC Ltd., an energy saving establishment and the Managing Director of DSC Promotions, an events planning and marketing company. He is also an avid sports enthusiast and is currently the General Secretary of the Antigua& Barbuda Football Association and President of the Caribbean Football Union.


NOMINEE TO THE OFFICE OF DIRECTOR

Mr. Reginald Peterson
Mr. Peterson currently serves on the Board of Directors of ACB Mortgage & Trust Company Ltd., the wholly owned subsidiary of Antigua Commercial Bank, as a non- ACB Director, in accordance with the relevant provisions of Trust Company's Bylaws.

He is a former Director of Antigua Commercial Bank, having served during the period March, 1990 to September, 2008 and is now eligible for election to the ACB Board, having satisfied section 3 of the Companies (Amendment) Act, 2009.

Mr. Peterson is a retired Teacher by profession, a Small Business Operator and a Farmer. He also served for a period as the Assistant Director of Education with responsibility for Vocational and Technical Education in the Ministry of Education. He holds a Bachelors of Education. He is also a Director/1st Vice President of the Antigua Lion's Club.