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.

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Pan-Jamaican Investment Trust Limited has advised that its directors declared a second interim dividend for the year 2010 of $0 .35 per share payable on

June 25, 2010 to shareholders on record as at June 1, 2010. The X-date is May 28, 2010.

GraceKennedy Limited has advised that the company has an understanding that the former Vice President Treasury of First Global Bank (FGB), Rohan Rose who was dismissed in 2009 has gone to the media with a story that he was not a rogue trader and blaming everyone else for his transgressions.

 

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FirstCaribbean International Bank (Jamaica) Limited (FCIBJ) has advised that it holds approximately J$2 .3 billion (notional value) within the scope of the Jamaica Debt Exchange (JDX) programme. All of these eligible bonds were offered for exchange under the programme . These bonds accounted for less than 5% of the interest sensitive assets of the Bank and currently contribute approximately 8% to total interest income.

While it is expected that the interest income earned from these securities will be negatively affected in the near future, this is expected to offset by reductions in interest expenses going forward . Additionally, management is actively engaged in pursuing income diversification as part of its strategic objectives.

There are no anticipated liquidity challenges resulting from FCIBJ participation in the JDX programme, and the projected impact on equity is less than 1%, with the company`s key capital adequacy measures remaining above prudential requirements.

The Bank of Nova Scotia Jamaica Limited has advised that it has acquired Scotia DBG Merchant Bank Limited (SDBGMB) with the intention to eventually

consolidate SDBGMB into Scotiabank. This reorganization is aimed at improving efficiencies across Scotiabank Group through the removal of duplicate

products and services. An independent valuation of SDBGMB was conducted by Deloitte Touche Tohmatsu and this valuation was used as a basis to

determine the sale price of $879 million which was settled in cash.

GraceKennedy Limited has advised that the Supreme Court has ruled in favour of Grace Kennedy Remittance Services Limited (GKRS) and software

developer, Paul Lowe, in the suit brought against them by Paymaster Limited (Paymaster).

National Commercial Bank Jamaica Limited has submitted its second quarter financial statements for the six months ended March 31, 2010. The Board of Directors has declared a dividend of sixty-one cents ($0.61) per stock unit payable on May 20, 2010 to stockholders on record as at May 7, 2010. The X-date is May 5, 2010.

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Kingston Properties Limited had advised that it has entered into a binding agreement to purchase approximately 19 units or roughly 16,000 square feet of residential condominium space in the Loft II building located at 133 NE 2nd Avenue in downtown Miami, Florida . Each unit is tenanted with one year renewable lease term. The closing of the transaction for the units in the Miami Loft II building is expected to be completed by mid March, 2010.

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