Carreras Managing Director annouces retirement

Carreras Limited has announced that Mr. Michael G. Bernard, Managing Director of the company since 2005, will be retiring from his executive position effective December 31, 2010. The company will retain Mr. Bernard`s extensive knowledge and expertise in the tobacco industry as he will remain a Director of Carreras Limited in a non-executive capacity.

Having attained early retirement status and achieved a very successful and mutually rewarding career with the company, Mr. Bernard is about to pursue his philanthropic and other personal interests. He will be replaced by Mr. Richard Pandohie, an employee of Carreras, who has been on secondment to British American Tobacco Caribbean and Central America for the past three years. Mr. Pandohie formerly served Carreras at the Jamaica Biscuit Company as Operations Manager and served as Managing Director/General Manager/Country Manager for local and international companies prior to returning to Carreras.