At a meeting of the Board of Directors of Pan-Jamaican Investment Trust Limited (PJAM) held on April 10, 2013 the following changes took effect: Mr. Stephen B. Facey, Chief Executive Officer, was appointed Chairman of the Board, replacing the Hon. Maurice Facey.

Following the $15.9Bn tax package which was implemented in February of this year as part of prior actions for the Extended Fund Facility (EFF) with the International Monetary Fund (IMF), the Finance Minister announced in his budget presentation today that there will be no new taxes for the FY2013/14.

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Following the completion of prior actions which included a $15.9Bn tax package and the second National Debt Exchange in three years, IMF officials have put their stamp of approval on the satisfactory completion of these conditions.

Pan-Jamaican Investment Trust Limited has advised of the passing of its Chairman Hon. Maurice W. Facey, O.J., J.P. on Tuesday, April 2, 2013.

LIME has advised that as part of the managed service arrangement entered into between LIME and Ericson, 305 members of LIME`s Service Support Delivery Teams will be separated from the company during May 2013.

Supreme Ventures Limited (SVL) has advised that at a meeting of the board of directors held on March 20, 2013 the board agreed to adopt a term limit of seven years with respect to Independent Directors.

Barita Investments Limited (BIL) has advised that it has participated in the National Debt Exchange Offer and $6.4 billion of the instruments in BIL`s investment portfolio was directly affected.

The GraceKennedy Board of Directors has approved the buy-back of up to 2.5% of the shares in issue in the company over a period of one year, subject to and with effective date of approval being the date of publication of the Ministry of Finance of remission of the tax which would otherwise be payable by stockholders of the Company on the buy-back of the shares. Further notification will be provided on receipt of confirmation of the remission.

Below are the latest dividends announced

Effective January 25, 2013 the Bank of Jamaica (BOJ) will be lowering the interest rate payable on its 30-day Certificates of Deposit from 6.25% to 5.75% per annum.