CCP-Responds to non-binding Shareholder proposal

CCP-Responds to non-binding Shareholder proposal

CCP-Distribution of BSP Shares

The Board of Credit Corporation (PNG) Limited (the “Company” or “Credit Corporation”) is pleased to announce that, in response to the non-binding shareholder resolutions passed at the Annual General Meeting on 27 June 2019, it has completed its review of the likely impacts of a potential in specie distribution of the shares held by the Company in Bank of South Pacific Limited (“BSP”) (the “Proposal”).