ANGOSTURA OPENS STATE-OF-THE-ART, MULTI-MILLION DOLLAR WATER RESOURCE RECOVERY AND ANAEROBIC DIGESTER FACILITY

Port of Spain, Trinidad. August 3rd, 2020: Today, Angostura commissioned its state-of-the-art, Water Resource Recovery and Anaerobic Digester facility, after over one year of project planning and construction. A contract was signed with German-based engineering firm, Chriwa Umwelt-Systemtechnik und Service GmbH (CUSS), in March 2019. The company was selected after multiple rounds of assessment and review of tender proposals. This multi-million-dollar project was initially anticipated to be completed in April 2020 after re-engineering works on the facility began in September 2019. When the first COVID-19 case was announced in Trinidad in March 2020, the process was already advanced at that time. Angostura was about to begin corrosion repairs on the Anaerobic Digester, another phase before the project’s completion, which was being spearheaded by a team of foreign experts from the United Kingdom, Russia and Serbia. However, when it was announced on March 21st, 2020 that T&T’s borders were being closed on March 22nd, 2020 at midnight, the foreign experts quickly left the country to return to their homes as many other countries were also closing their borders in a bid to protect their citizens from the spread of COVID-19. Consequently, Angostura had to figure out how to keep the project on track without the input from the international experts. This caused a major setback and delayed the project by four months. As a result of the re-engineering works on the facility, daily distillery production was reduced by sixty-eight percent. The delay in completing the project also led to an increase in the cost of production for alcohol due to overhead costs and reduced output. In fact, the cost of production increased by approximately sixty percent as Angostura was producing less alcohol from its distillery daily. During this period, Angostura stepped in to assist the country by producing 70,000 bottles of hand sanitizer to fight the COVID-19 pandemic. This meant that the company was using its very limited supply of alcohol to serve the greater good of society despite the needs of its own operations. Now that the plant is being commissioned, it will allow Angostura to increase its production to 13,500 LOA (Litres of Alcohol) per day, a significant increase over its daily production average for the past three years. This facility places Angostura at the forefront of the alcohol industry in the region and will ensure that the company operates within global environmental guidelines and best practices. Chairman of Angostura, Mr. Terrence Bharath says, “Protecting the environment and our neighbouring communities is something that Angostura takes very seriously, hence the investment in this wastewater treatment plant. The economic benefit of this investment will greatly build our shareholder value and enable the plant to deliver increased output to support the growth of our international markets while staying true to our company’s vision. Internationally, our brand can only benefit from this achievement as being kind to our environment is a selling point to promote our products.”

GUIDELINES FOR ATTENDEES OF THE 38th ANNUAL MEETING

Download Ministry of Health Guidelines-Annual General Meetings PDF GUIDELINES FOR ATTENDEES OF THE 38th ANNUAL MEETING Download PDF ANGOSTURA HOLDINGS LIMITED (“the Company”) wishes to remind shareholders that it¬s Thirty-Eighth Annual Meeting for the year ended December 31, 2019 will be held on the 5th day of August 2020, at 2:00p.m. at Queens Hall, 1-3 St Ann’s Road, Port of Spain, Trinidad and Tobago. Registration of shareholders/proxies will commence at 12:00 p.m. to facilitate all required COVID-19 protocols. Persons attending the Annual Meeting are required to abide by all the COVID-19 protocols as outlined in the Ministry of Health’s Guidelines entitled “The New Normal – The Conduct of Annual General Meetings in Trinidad and Tobago ” (“the Guidelines”), which is available on and can be downloaded from the Company’s website at www.angostura.com. Attendees of the Annual Meeting are also required to adhere to all protocols which have been put into effect by the Management of Queens Hall. In summary, attendees are advised as follows: 1. The following persons will not be allowed to enter Queen’s Hall and are advised to stay at home: a) Persons who are ill or exhibiting symptoms of COVID-19 including: fever, chills, cough, shortness of breath, muscle pain, headache, sore throat or recent loss of taste or smell; b) Persons with exposure to someone exhibiting any of the above symptoms or to someone who has tested positive for COVID-19 within fourteen (14) days of the Annual Meeting; c) Persons with a temperature greater than 37.5°C with fever or strongly associated symptoms consistent with COVID-19. 2. Prior to entering Queen’s Hall, all persons are required to: a) Wear a face covering mask or a face shield; b) Maintain a distance of six (6) feet from others; c) Wash their hands with soap and running water; d) Undergo screening with a contactless thermometer for fever and symptoms consistent with COVID-19. 3. During and upon exiting the Annual Meeting, all persons are required to: a) Continue to wear a face covering mask or face shield; b) Maintain a distance of six (6) feet from others; c) Cough/sneeze into a tissue or into the crook of their elbow; d) Frequently wash their hands with soap and running water and/or use hand sanitizer prior to entering and while in the Annual Meeting room and after using the washroom. 4. Attendees are advised to avoid congregating and to minimize interacting with others when entering and exiting the Annual Meeting room and venue. We look forward to your cooperation in strictly adhering to the Guidelines during the Annual Meeting, as we do our part to minimize the risk, spread and transmission of COVID-19. BY ORDER OF THE BOARD Kathryna Baptiste Assee Corporate Secretary

ANGOSTURA LAUNCHES LATEST INNOVATION-COCOA BITTERS

Port of Spain, Trinidad. July 29th, 2020: Angostura, world renowned for aromatic bitters, has added yet another flavour to its portfolio with the latest innovation- ANGOSTURA® cocoa bitters. It’s made using Trinidad and Tobago’s own Trinitario cocoa which is a unique and untapped resource. In fact, the beans from the Trinitario cocoa are well-known globally for its bold characteristics, its depth of flavour and aroma, which command a premium price on the international market. T&T is designated as a 100% fine or flavour cocoa producer, a status it has held for decades. This latest innovation is part of Angostura’s bid to promote our local agricultural treasure, cocoa, around the world. The Trinitario cocoa adds a sweet and elegantly balanced flavour to our bitters line which makes it one of our most exclusive innovations in decades. After years of continuous research and trials, the Angostura team led by Master Blender, Carol Homer-Caesar, created the perfect recipe for this latest product, using T&T’s internationally famous, and indigenous, Trinitario cocoa to produce ANGOSTURA® cocoa bitters; as we continue to push the boundaries of flavour, taking inspiration from our history and local heritage. Ms. Homer-Caesar says: “We believe our locally cultivated Trinitario cocoa delivers a far superior flavour profile to other geographic regions. Our hope is that our new, expertly crafted, cocoa bitters inspires people to create their own signature cocktail and food recipes to savour and enjoy with family and friends.” The launch of ANGOSTURA® cocoa bitters coincides with an unprecedented moment, when people around the globe are spending more time than ever at home due to the COVID-19 pandemic. This has sparked a wave of ‘DIY’ in the kitchen at home and at bars. As a timeless brand that has been flavouring the world for the past 196 years, we have an opportunity to inspire mixologists, drinks enthusiasts and home chefs to seize this time of creativity and address their appetite for authenticity and natural ingredients. Angostura launched orange bitters 13 years ago, and today, we are proud to announce that as part of our efforts to support our local agricultural industry, we are adding cocoa bitters to our portfolio. Angostura’s forecasts for the demand of cocoa will result in increased output in local cocoa production. We have already been in contact with many of the local producers to ensure a steady supply of cocoa for our production process which has put local producers in expansion mode. In fact, the demand for our latest innovation has already surpassed initial projections. We are delighted that this latest product is quickly capturing market share across the globe, which is exactly what our team had in mind when they were formulating the perfect recipe. As one of this country’s major exporters, ANGOSTURA® cocoa bitters will be exported to several markets including the U.S.A where it will be placed in over 1,200 Walmart stores in the introductory phase. It will also be sold in the U.K. and Europe. This has further enhanced our strategic position globally. ANGOSTURA® cocoa bitters contains top notes of rich, floral and nutty cocoa combined with an intoxicating infusion of aromatic botanicals. Crafted to inspire creativity and experimentation with flavour combinations, this new product is ideal for use in both professional and at-home settings, and for sweet and savoury applications. It can be used to remix classic cocktails or put a luxurious spin on a main dish or sweet treat. It pairs perfectly with sweet vermouth or aged spirits, like whiskey, rum, cognac and tequila, while bringing new layers of depth and complexity to cocktails, such as the classic espresso martini. ANGOSTURA® cocoa bitters can innovate your creations.

Material Change Disclosure

Ms. Hema Ramkissoon has been appointed to the position of Executive Manager – Marketing of Angostura Limited and its subsidiaries effective July 20, 2020. By order of the Board Kathryna Baptiste Assee Corporate Secretary

Management Proxy Circular

Please view Proxy Form here (PDF) Republic of Trinidad and Tobago The Companies Act, Chap. 81:01 (Section 144)
  1. Name of Company: ANGOSTURA HOLDINGS LIMITED, Company No. A-719(C).
  2. Particulars of Meeting: The Thirty-Eighth Annual Meeting of the Shareholders for the year ended December 31, 2019 to be held on the 5th day of August 2020 at 2:00 p.m. at Queens Hall, 1-3 St Ann’s Road, Port of Spain, Trinidad and Tobago.
  3. Solicitation: It is intended to vote the Proxy hereby solicited by Management of the Company (unless the Shareholder directs otherwise) in favour of all resolutions specified in the Proxy Form accompanying this Management Proxy Circular.
  4. Any Director’s statement submitted pursuant to Section 76(2): No statement has been received from any Director pursuant to Section 76(2) of the Companies Act, Chap. 81:01.
  5. Any Auditor’s statement submitted pursuant to Section 171(1): No statement has been received from the Auditors of the Company pursuant to Section 171(1) of the Companies Act, Chap. 81:01.
  6. Any Shareholder’s proposal submitted pursuant to Sections 116(a) and 117(2): No statement has been received from any Shareholder pursuant to Sections 116(a) and 117(2) of the Companies Act, Chap. 81:01.
Date Name and Title Signature July 16, 2020 Kathryna Baptiste Assee Group General Counsel | Corporate Secretary

NOTICE TO SHAREHOLDERS

View PDF here Pursuant to Section 67(2)(c) of the Securities Act, 2012 (“the Act”), Angostura Holdings Limited (“the Company”) wishes to advise its shareholders that a Management Proxy Circular and Proxy Form in relation to the Annual Meeting of Shareholders to be held on August 05 , 2020 (in accordance with Section 68 of the Act) are now accessible on the Company’s website at the following links: http://www.angostura.com/ or http://www.angostura.com/news-media/?t=1 The Notice of the Annual Meeting is also accessible on and can be downloaded from the Company’s website at the above-mentioned links. Printed copies of the above-mentioned documents may be obtained by: • contacting our Corporate Secretariat at (868) 623-1841 Ext. 141 or 160; or • emailing your request to shareholder@angostura.com Should there be a need to obtain further information about the accessibility of the documents please do not hesitate to contact: Mrs. Kathryna Baptiste Assee Group General Counsel I Corporate Secretary Angostura Holdings Limited Corner Eastern Main Road and Trinity Avenue Laventille TRINIDAD July 16, 2020

NOTICE OF ANNUAL MEETING

View PDF here NOTICE IS HEREBY GIVEN that the Thirty-Eighth Annual Meeting of ANGOSTURA HOLDINGS LIMITED (“the Company”) for the year ended December 31 , 2019 will be held at Queens Hall, 1-3 St Ann’s Road, Port of Spain, Trinidad and Tobago, on the 5th day of August 2020, at 2:00p.m. to transact the following business: ORDINARY BUSINESS:
  1. To receive and consider the Report of the Directors and approve the Audited Financial Statements of the
  2. Company for the financial year ended December 31 , 2019 together with the report of the Auditors thereon;
  3. To elect a Director;
  4. To approve a fmal dividend of $0.17 per share for the fmancial year ended December 31 , 2019; and
  5. To transact any other business that may be properly brought before the meeting.
SPECIAL BUSINESS: Appointment of Auditor Fallowing a Request for Proposal for External Audit services, on June 30, 2020 PricewaterhouseCoopers Limited (“PwC”) was the successful firm. KPMG resigned as the Auditor of the Company and its subsidiaries with effect from July 07, 2020, creating a vacancy in the office of Auditor. On July 08, 2020 the Board of Directors appointed PwC as the Auditor of the Company and its subsidiaries, to fill the vacancy created by the resignation of KPMG, subject to the appointment by Shareholders at the next Annual Meeting. Accordingly, pursuant to Section 163 of the Companies Act, Chap. 81:01 , Shareholders will be asked to consider, and if thought fit, pass the following ordinary resolution: “BE IT RESOLVED THAT PwC be and is hereby appointed as Auditor of Angostura Holdings Limited and its subsidiaries to hold office until the close of the next Annual Meeting and that the Directors be authorised to fix their remuneration.” BY ORDER OF THE BOARD Kathryna Baptiste Assee Corporate Secretary July 16, 2020   1.Proxies a. A shareholder entitled to attend and vote at the Annual Meeting may appoint a proxy holder or one or more alternative proxy holders to attend and act at the meeting in the manner and to the extent authorised by the proxy and with the authority conferred by the proxy. Where the shareholder is a body corporate, the Company shall recognise any individual authorised by resolution of the directors of the body corporate to represent it at the Annual Meeting. The proxy form of a corporation should be executed under its common seal or under the hand of an officer or attorney duly authorised. b. A proxy holder need not be a shareholder. c. To be valid, the proxy form appointing a proxy holder must be received by the Secretary of the Company at the Company’s Registered Office at Corner Eastern Main Road and Trinity Avenue, Laventille, Trinidad at least forty-eight (48) hours (excluding non-business days) before the time appointed for the Annual Meeting. d. Shareholders who return completed proxy forms are not precluded, if subsequently they so wish, from a tending the Meeting instead of their proxies and voting in person. 2. Record Date The Directors have fixed Tuesday July 21 , 2020, as the record date for the determination of Shareholders who are entitled to receive notice of the next Annual Meeting of Shareholders. Accordingly, only Shareholders on record at the close of business on that date are entitled to receive notice of the Annual Meeting. 3. Annual Report The Company’s Annual Report for the year ended December 31 , 2019 was posted on the Company’s website on April 29, 2020. The Annual Report is currently accessible on the Company’s website at the following link: http ://www. angostura . com/investor-relations/?t~2

Notice of Record Date

Notice to Shareholders The Directors have fixed Tuesday July 21, 2020, as the record date for the determination of Shareholders who are entitled to receive notice of the next Annual Meeting of Shareholders.  Accordingly, only Shareholders on record at the close of business day are entitled to receive notice of the Annual Meeting. By order of the Board Kathryna Baptiste Assee Corporate Secretary

ANGOSTURA STEPS UP ONCE AGAIN IN ITS SUPPORT TO FIGHT COVID-19 AND PROVIDES HAND SANITIZER TO ALL SCHOOLS IN TRINIDAD AND TOBAGO

Port of Spain, Trinidad. June 26th, 2020: Schools have started to prepare to re-open their doors in the coming weeks, for students to write the CAPE, CSEC and SEA exams. While the country returns to a level of normalcy, Angostura believes that it is essential to protect the students who are the future of our nation. In order to do so, the Company is providing twelve 375ml bottles of hand sanitizer to every Government and Government Assisted school in Trinidad and Tobago. Over 7,000 bottles of hand sanitizer were presented to the Ministry of Education for those schools in Trinidad and the Tobago House of Assembly will receive hand sanitizer for the schools in Tobago. Peter Sandström, CEO of Angostura says, “We want to ensure that our nation’s children are safe when they return to school so that when their parents go to work, they are comfortable knowing their children are protected.” Angostura’s Chief Operating Officer, Ian Forbes says, “Angostura is proud to once again do its part to  assist the country in the fight against the coronavirus by donating hand sanitizer to the Ministry of Education and the THA.” Angostura would like to wish all the students the very best in their exams. We know this is a crucial time in their lives; those who are preparing for the SEA exam to go into secondary schools and those who are writing CSEC and CAPE exams and moving on to tertiary education. Minister of Education, the Honourable Anthony Garcia says, “The donation of these hand sanitizers to our schools is a step in the right direction. It is something that we will ever be grateful to Angostura.” In addition to hand sanitizer being given to all schools in the country, Angostura is providing additional support to those in our fenceline communities of Morvant/Laventille. Mr. Forbes says, “We have purchased hand washing sinks, thermal temperature scanners, soap dispensers, liquid soap, paper towels, health and safety signs, cleaning detergents and water tanks for these schools.” As a corporate citizen of T&T, we are aware that we have a responsibility to assist the country during this pandemic period. This initiative is just the latest in our donation drive. Angostura has produced 70,000 bottles of hand sanitizer that were distributed to first responders, frontline workers and to our fenceline communities of Morvant/Laventille. Also, employees donated $1Million from their paid vacation entitlements to assist families affected by the pandemic by purchasing and distributing food hampers across T&T. Angostura LLB sponsored safety signs for all the primary and secondary schools in the fenceline communities of Morvant/Laventille. Additional items were provided to all four secondary schools of Morvant/Laventille including the Success Laventille Secondary school. The schools received hand washing sinks, thermal temperature scanners, liquid soap, soap dispensers, paper towel, safety signs and cleaning detergents. All primary schools in the area will also receive the same items. Angostura has donated over 7,000 bottles of hand sanitizer to all Government and Government Assisted schools in Trinidad and Tobago. Each school will receive 12 bottles. The Ministry of Education has collected the bottles for the schools in Trinidad and the Tobago House of Assembly will collect for the schools in Tobago.  

ANGOSTURA EMPLOYEES DISTRIBUTE $1 MILLION IN HAMPERS TO FAMILIES ACROSS THE COUNTRY

Angostura employees distributed $1Million worth of food hampers within a three-day period to families who have been financially impacted by the COVID-19 pandemic. On May 10th, we announced that our employees were embarking on a food drive after giving up their paid vacation entitlements to assist families in need. The Company’s Management, Executives and the Board of Directors also financially donated to the food drive. Employees created a pool of funds valued at $1Million towards their initiative entitled “From Our Angostura Family To Yours”. In fact, employees sourced, ordered and purchased all the food items themselves using the money they donated from their benefits. In addition, they also packed all the boxes of hampers to be distributed to families. Every employee was given the opportunity to select families across the country who need help and they personally delivered the food hampers to them. In addition, hampers were given out to several NGOs including the Loveuntil Foundation, Serving Women and Youth, as well as, National Family Services and bartenders. Other groups collecting hampers were councillors from the Morvant/Laventille communities, the Inter-Agency Task Force and the North Eastern Division Community Policing Unit. Each food hamper consisted of over 60 items including canned foods, dry goods, fresh produce, meats, dairy products, cleaning supplies and toiletries. Many suppliers contributed to the employees’ food drive by donating additional items, and as a result, the employees were able to give families at least a month’s worth of groceries. Angostura would like to thank all the suppliers that supported our employees either by donating items or by significantly reducing their prices which increased the value of the hampers as our employees were able to include more items in each hamper. The cost of each hamper would have doubled if the items were purchased on the retail market. The employees who are represented by the Seamen and Waterfront Workers Trade Union said the food drive meant a lot to them because it was their way of giving back to those who need help at this difficult time. President General of the SWWTU, Michael Annisette said the employees’ initiative to give up their vacation days to donate money towards the food drive and to personally pack all the hampers was a labour of love and an indication of the humility of the Angostura employees. Angostura is very proud of its team and their commitment to helping vulnerable families at this crucial time. Our employees were able to put a smile on the faces of many families across Trinidad & Tobago. The employees’ initiative is the first of its kind in T&T and comes off the back of our hand sanitizer project in March when we donated 70,000 bottles to first responders, communities and businesses with frontline staff. The Angostura family will continue to lend support in whatever way we can during this dreaded pandemic