Carib Cement notifies public of price increase

Caribbean Cement Company Limited has advised that adjustment to its prices will be effective June 14, 2010 by an average increase of 3 .2%. This adjustment was necessary because the increases in its operational costs were greater than the gains the company made through its improved efficiencies. At this time the company is not in a position to absorb these costs.

Changes in market conditions over the past several months, including a significant reduction in overall market demand, have contributed to mounting stockpiles of cement in silos and clinker. These factors have caused the company`s operational costs to increase over the past few months and these costs are not covered by the reduced revenue generated as a result of the declining market conditions.

The company is willing to facilitate the collection of the cement purchased at existing prices up until June 25, 2010 . Unfortunately, purchases not collected by this time will attract the new prices.