KCB Bank Notice on Placing Showcase Properties Ltd Under Receivership

Notice is hereby given that Dhir Kamal Bhatt, of Anant Bhatt LLP, was appointed as Receiver & Manager ("The Receiver") of Showcase Properties Limited ("the Company") on 18th November 2025 by KCB Bank (Kenya) Limited ("the Bank"). The purpose of this notice is to notify all interested stakeholders that following the Receiver's appointment, the affairs and business of the company shall be directed by the Receiver.

The powers of the Receiver extend to all assets and undertakings of the company. Only the Receiver and his representatives are authorised to deal with assets of the Company. The powers of the Directors in terms of dealing with the Company's business and assets no longer apply. Any person who purports to hold, receive, use, or attempts to buy or sell, contract, or otherwise deal with the assets of the Company or with the Company without the prior written consent of the Receiver will be acting in contravention of the law and will be liable to legal action.

The directors are required to submit a Statement of the Company's Affairs within 12 days in the prescribed format. The Receivers act on behalf of the Company without any personal liability.

Any claims, queries and matters relating to the company shall be addressed to the Receiver on the address below:

Dhir Kamal Bhatt
Anant Bhatt LLP - 1st Floor, City House, Nyerere Avenue, Mombasa
P.O. Box 80766-80100 Telephone: 0726 241 555
Email: dhir@anantbhatt.com, Website: www.anantbhattllp.com