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P a g e
TRINIDAD CEMENT LIMITED
LETTER FROM THE CHAIRMAN
Dear Shareholder
On behalf of the Directors, I am pleased to invite you to participate in this Rights Issue. This Rights Issue provides
you with the opportunity to maintain your equity interest in TCL and to participate in the continued growth of the
Company.
As set out in this Information Memorandum, under the Rights Issue the Company is offering up to 124,882,568 New
Shares at an issue price of $2.90 per share to all Eligible Shareholders, on the basis that all Eligible Shareholders are
invited to apply for one (1) fully paid ordinary share in the Company for every two (2) fully paid ordinary shares in
the Company held at the Record Date. The rights of the New Shares are non-renounceable.
The amount that the Company expects to raise under this Rights Issue is $362,159,447.20 (before costs).
The money raised under this Rights Issue will be used to:
a) pay restructuring and transaction expenses;
b) replenish working capital;
c) service debt; and
d) invest in capital expenditure.
The Board’s key objective is to ensure that TCL has the appropriate capital structure and the ability to finance the
Company’s necessary capital expenditure and optimisation projects as the Company seeks to return to generating
positive value for our shareholders over the long term.
I am pleased to inform you that as a shareholder of TCL, I intend to participate in and take up all of my entitlements
under the Rights Issue.
The details of the Offer are set out in this Information Memorandum and I encourage you to read the Information
Memorandum in its entirety before making your investment decision. A summary of risk factors that you should
consider is set out in Section 8.
A Provisional Letter of Allotment in respect of your Entitlement to the New Shares is enclosed with this document.
If you have sold or otherwise transferred all of your shares in TCL, please forward this document and the
Provisional Letter of Allotment at once to the purchaser or to the stockbroker, or other agent through whom the sale
or transfer was effected for transmission to the purchaser or transferee, except that, such documents should not be
sent to any jurisdiction where to do so might constitute a violation of local securities laws or regulations, including
the Excluded Jurisdictions.
If you are in any doubt as to the action you should take, you are recommended to seek your own personal financial
advice from your stockbroker, attorney-at-law, tax advisor, accountant or other professional adviser immediately.
Finally, on behalf of the Board I thank you for your continued support in the Company and encourage you to take up
your Entitlement under the Rights Issue.
Yours faithfully
Wilfred Espinet
detimiL tnemeC dadinirT ,namriahC
