HARDWARE & LUMBER LIMITED RECEIVES 2016 BEST HARDWARE STORE IN TOWN AWARD

Hardware & Lumber Ltd.("H&L")
executives proudly share camera time with officials from True Value
International("True Value").
L-R: Gabriel Perez, Senior Director-International, True Value; Stacey Henry
Category Manager, H&L; Patrick Chambers, Chief Category Manager, H&L,
Josef Bogdanovich, principal, H&L; Deborah Reed, International Sales
Manager, True Value; Lloyd Distant, Chief Executive Officer, H&L.

Kingston, JAMAICA, March 2, 2017 - True Value Company recently honoured
13 True Value hardware stores as winners of its tenth annual Best Hardware
Store in Town recognition program. Joseph Bogdanovich, owner of Hardware &
Lumber Limited, was presented with the award during True Value's 2017 Spring
Reunion, held Feb. 17-19 in Anaheim, California.

Sponsored by True Value Company,
the Best Hardware Store in Town program honours retailers who exemplify
successful retailing. "Hardware & Lumber Limited of Kingston, Jamaica,
represents the best of what it means to be part of True Value," said John
Hartmann, president and chief executive officer of True Value Company. "Joseph is
a terrific ambassador for True Value, dedicated to serving not only his
customers, but also his community."

Bogdanovich earned the nomination
from True Value's International Sales Manager, Deborah Reed. The selection
process included assessments based on True Value's Roadmap to Retail Excellence
and mystery shoppers who visited the store. Each finalist was evaluated based
on physical store appearance, product selection, competitive pricing,
promotional sales and customer assistance.

About HARDWARE & LUMBER LTD.
Hardware & Lumber Ltd. is
Jamaica's leading provider of quality products, services and solutions in the
home improvement, construction and agricultural sectors.

The company owns and operates 10
Rapid True Value stores and 5 H&L Agro locations throughout Jamaica.
In balance with the retail business is a network of field
representatives serving
and interacting with commercial business customers and partners,
government
entities and research institutions.