On April 16, 2018, Carolina Trust BancShares, Inc. (the “Company”), filed with the Securities and Exchange Commission an amendment to its Registration Statement on Form S-1, which included the following information regarding the Company’s results for the three months ended March 31, 2018:

The Company has not yet completed preparation of its consolidated financial statements for the three months ended March 31, 2018, but based on information available to date, as of March 31, 2018, the Company expects to see gross loans increase by at least 4% over gross loans as of December 31, 2017. The Company also expects to see total deposits as of March 31, 2018 increase by at least 8% over total deposits as of December 31, 2017. The Company expects to report its first quarter 2018 results by April 30, 2018.

The preliminary financial results above are based on the Company’s estimates as of the date of this report and are subject to the completion of procedures for finalizing the financial results for the three months ended March 31, 2018. Accordingly, these results may change, and those changes may be material.

Caution Regarding Forward-Looking Statements

Statements in this Current Report on Form 8-K that are not historical facts or that express the Company’s plans or intentions regarding future events or determinations are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning a proposed public offering of common stock and the Company’s results of operations for the three months ended March 31, 2018. Forward-looking statements are typically preceded by, followed by or include words such as “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance or determinations, nor should they be relied upon as representing management’s views as of any subsequent date. Actual results might differ materially from those presented, either expressed or implied, in the forward-looking statements due to risks and uncertainties, including, but not limited to, risks and uncertainties related to market conditions; the satisfaction of customary closing conditions for the proposed offering; the impact of the Tax Cuts and Jobs Act, including any changes in the estimated revaluation of our tax assets and liabilities; changes in the national and local economies or market conditions; changes in interest rates, deposit flows, loan demand and asset quality, including real estate and other collateral values; changes in banking regulations and accounting principles, policies or guidelines; and the impact of competition from traditional or new sources; and other risks and uncertainties described in the registration statement filed with the SEC. Except as required by law, the Company specifically disclaims any obligation to update any factors or to publicly announce revisions to any of the forward-looking statements included herein to reflect future events or developments.