BCB HOLDINGS LIMITED RELEASES 2011 INTERIM RESULTS (Excerpt)

Belize City, Belize  – 23 November, 2011 – In a filing to the Bermuda Stock Exchange (“BSX”), BCB Holdings Limited (the “Company”; Tickers: AIM: BCB; Trinidad and Tobago Stock Exchange: BCB.TT; BSX: BCBH.BH) releases the Company’s unaudited interim results to 30 September, 2011.

Background

The demerger by BCB Holdings Limited of Waterloo Investment Holdings Limited, which owns BCB Holdings Limited's former non-Belizean businesses, became effective on October 26, 2011 (the “Demerger”). The Demerger was the subject of a Circular to the Company’s shareholders dated October 19, 2011 (the “Circular”) to which reference should be made.

As a result of the Demerger, the Company’s Financial Services division now operates principally through Belize Bank Limited and internationally through British Caribbean Bank International Limited, both of which are based in Belize. Within Belize, Belize Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of Belize Bank are commercial lending, consumer lending, deposit-taking and related banking activities.

Waterloo Investment Holdings Limited is now the holding company for the Company’s non-Belizean businesses which comprise British Caribbean Bank Limited, a portfolio of other assets (principally loans in the Turks and Caicos Islands) and certain investments in associated companies with interests in edible oil processing and distribution operations and palm seed plantations principally in Costa Rica.

Financial Information

The pro forma financial effects of the Demerger on the Company as at and for the year ended March 31, 2011 are set out in the Circular.

The financial information included in this report, as at and for the period ended September 30, 2011, is presented before the impact of the Demerger, which became effective subsequent to that date, namely October 26, 2011. The financial information included herein is presented as required by the rules of AIM.

On this basis, the Company reported a net loss of $1.1m (2010 - net income: $7.6m) for the three months ended September 30, 2011, the second quarter of fiscal 2012, and a net loss per ordinary share for the quarter of $0.01 (2010 – net earnings: $0.08).

For the six months ended September 30, 2011, the Company reported net income of $3.8m (2010 - $16.5m). Earnings per ordinary share for the six months ended September 30, 2011 was $0.04 (2010 - $0.17).

Net assets at September 30, 2011 were $425.1m (March 31, 2011 - $421.3m).

On a pro forma basis, assuming that the Demerger had taken place as of April 1, 2011, the Company’s net loss for the six months ended September 2011 was $5.7m and the loss per ordinary share was $0.06. Net assets on a pro forma basis at September 30, 2011 was $120.4m.

For further information contact:

Makinson Cowell                                    BCB Holdings Limited

+1 (212) 994 9044                                 UK +44 (0)20 7248 6700

                                                               Belize +501 227 7178

Note: The full text of this and other press releases are available at the Company’s web site: http://www.bcbholdings.com.