NOTICE OF TWENTY-FIFTH ANNUAL MEETING OF SHAREHOLDERS

(Company No. 9228)

NOTICE IS HEREBY GIVEN THAT THE TWENTY-FIFTH ANNUAL MEETING of the Shareholders of Insurance Corporation of Barbados Limited (hereinafter called “the Company”) will be held virtually at: https://meetings.lumiconnect.com/200-435-941-933 on Thursday March 12, 2026, at 9:00 A.M - Barbados time for the following purposes:

1. Welcome and Opening Remarks from Mr. Jonathan Poulin, Chairman of the Board of Directors of ICBL.

2. Presentation of ICBL’s Financial Performance by Mr. Goulbourne Alleyne, CEO, and Mr. Richard Boddy, CFO.

3. Ordinary Resolutions:

   1. To receive and consider the audited Consolidated Financial Statements of the Company for the year ended December 31, 2024, together with the reports of Management, the Directors and Auditors thereon.

4. To appoint an Auditor for the ensuing year 2025 and to authorise the Directors to fix its remuneration.

5. To transact any other business which may properly come before the Meeting.

AND NOTICE IS FURTHER GIVEN THAT only Shareholders of record at the close of business on the date immediately preceding the day on which this Notice is given (the “Record Date”) will be entitled to Notice of the Meeting.

Dated the 10^th day of February 2026.

BY ORDER OF THE BOARD OF DIRECTORS

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Corporate Secretary

InterCaribbean Corporate Services Limited

Shareholders who wish to attend the annual meeting must contact us at [email protected] by noon on the 10th day of March 2026. Shareholders should visit icbl.com to view the Notice, Directors’ Report, Management Proxy Circular and Proxy Form.