by Alika Hepburn Alika Hepburn No Comments

ARAWAK PORT DEVELOPMENT COMPANY LIMITED SUCCESSFULLY LISTED ON BISX

PRESS RELEASE – FOR IMMEDIATE PUBLICATION

Wednesday, April 18, 2012

The Bahamas International Securities Exchange (BISX) is pleased to announce that effective today the listing application submitted by the Arawak Port Development Company Limited has been formally approved by the BISX Listing Committee. Therefore, the company has been added to the Official Roster of companies listed on the Exchange. The ordinary shares (the “Shares”) will trade through the BISX Automated Trading System (BATS) under the symbol “APD”.

The listing of APD on BISX is the culmination of an effort that began in December 2011 with APD offering 1 million shares to the Bahamian investing public. This 1 million was combined with the 4 million shares already owned by the founding shareholders of APD and results in a total of 5 million APD shares issued and outstanding. APD will list these 5 million shares on BISX at an opening price of $10.00 and commence trading on Monday, April 23, 2012. As a result, APD will add $50 million in market capitalization to the Exchange.

Prior to submitting its application for listing to BISX, APD’s offering memorandum was reviewed and registered by the Securities Commission of The Bahamas in compliance with the Securities Industry Act, 1999. The offering memorandum was also reviewed by BISX to ensure that the offering memorandum met the disclosure requirements detailed in the BISX Rules.

Commenting on this latest listing, Keith Davies, the BISX Chief Executive Officer noted: “We are excited to add APD to the Exchange. What is most interesting about this share offering and listing is that this is one of the first times that Bahamians have been able to invest in a company that is still in the pre-operation stage of its development. The success of this offering should also illustrate the fact that Bahamians are willing to support and invest in strong companies based on their plans and future prospects.”

NOTE: Attached to this message is the BISX Formal Trading Notice for the Arawak Port Development Company Limited Shares. This notice advises the public of the securities to be listed on the Exchange and the trading symbol of the listed securities.

For additional information please contact:

Mrs. Elude Michel-Sturrup

Bahamas International Securities Exchange

info@bisxbahamas.com

Telephone: (242) 323-2330

Facsimile: (242) 323-2320

by Alika Hepburn Alika Hepburn No Comments

BISX 2011 Annual Summary

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2011 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2011 with comparison to the same period of 2010.

BISX ALL SHARE INDEX

For the twelve month period ending December 31, 2011 the BISX All-Share Index closed at 1,364.99 this represents a year to date decrease of 134.52 or 8.97%. By comparison for the year ending December 31, 2010, the BISX All-Share Index closed at 1,499.51. This represented a year to date decrease of 65.87 or 4.21%. For the three month period from October 1 to December 31, 2011, the Index experienced a decrease of 11.15 or 0.81% from 1,376.14 to 1,364.99. By comparison, for the three month period from October 1 to December 31, 2010, the Index experienced a decrease of 17.26 or 1.14% from 1,516.77 to 1,499.51. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2011 the market was comprised of 25 primary market listings with a market capitalization of $2.905 Billion. The primary market securities traded over BISX includes 19 common share listings, 2 preference share listing and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 31, 2011, many international equity indices have experienced declines as indicated by the chart below:

Closing Date

MSCI Emerging Market Index

S&P 500 Index

FTSE 100 Index

BISX All Share Index

Dec 31, 2010

1,151.38

1,257.64

5,899.90

1,499.51

Dec 30, 2011

916.387

1,257.60

5,572.30

1,364.99

Percentage Change (+/-)

-20.41%

0.00%

-5.55%

-8.97%

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index designed to measure equity market performance of emerging markets. http://www.mscibarra.com/index.jsp Standard &Poor’s (S&P) 500 Index is a market capitalization weighted index made up of 500 large cap U.S. companies. www.standardandpoors.com The FTSE 100 Index is a market capitalization index representing the performance of 100 of the largest UK domiciled companies. www.ftse.com

TRADING VOLUMES AND VALUES

Trading Volume for the twelve month period ending December 31, 2011 was 2,899,465 shares for a value of $15,015,550.70. For the three month period from October 1 to December 31, 2011, 840,608 shares traded for a value of $5,179,938.36.

By comparison, trading volume for the twelve month period ending December 31, 2010 was 10,859,846 shares for a value of $110,226,124.06. The trading volume for the twelve month period ending December 31, 2010 includes a 5,954,600 share trade in Cable Bahamas Limited (CAB) for a value of approximately $80,000,000 which was carried out in January 2010 as well as a 1,073,917 share trade in ICD Utilities Limited for a value of approximately $8,000,000 which was carried out in December 2010.
Removing these block trades from the twelve month trading statistics results in 3,831,329 shares trading for a value of $22,308,861.06. For the three month period from October 1 to December 31, 2010 a total of 2,079,704 shares traded for a value of $13,854,125.63.

AVERAGE DAILY VOLUME AND VALUE

For the twelve month period ending December 31, 2011 average daily trading volume was 11,451 shares for an average daily trading value of $59,674. During this period, December saw the highest daily trading volume and value with 20,881 shares trading for $131,707. By comparison, for the twelve month period ending December 31, 2010, excluding the CAB and ICD transactions, the average daily trading volume was 15,234 shares which resulted in an average daily trading value of $89,019.44. During this twelve month period, April 2010 saw the highest average daily trading volume and value with 48,775 shares and $283,409 trading, respectively.

Month – Avg. vol. / day (2011)- Avg. vol. / day (2010) – Avg. val. / day (2011)- Avg. val. / day (2010)

January – 6,505 – 9,182 – $29,299 – $82,195

February – 8,122 – 5,365 – $47,704 – $80,479

March – 15,208 – 18,226 – $74,728 – $90,705

April – 18,379 – 48,775 – $113,986 – $283,408

May – 4,510 – 8,763 – $21,907 – $64,839

June – 7,865 – 12,158 – $51,941 – $50,088

July – 3,346 – 14,936 – $16,246 – $81,520

August – 18,799 – 11,430 – $56,717 – $36,721

September – 15,014 – 6,657 – $59,892 – $21,813

October – 5,585 – 17,535 – $24,562 – $87,493

November – 13,200 – 11,038 – $87,403 – $77,876

December – 20,881 – 18,739 – $131,707 – $111,089

Average for 12 month period – 11,451 – 15,234 – $59,674 – $89,019

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period ending December 31, 2011 with their contribution to total traded volume displayed as a percentage were:

SYMBOL – TRADE VOLUME – % OF VOLUME

CBL – 1,006,022.00 – 34.7%

AML – 386,188.00 – 13.3%

CHL – 303,702.00 – 10.5%

BOB – 220,406.00 – 7.6%

FCLB – 199,732.00 – 6.9%

The top five share value leaders for the twelve month period ending December 31, 2011 with their contribution to total traded value displayed as a percentage were:

SYMBOL – TRADE VALUE – % OF TRADE VALUE

CBL – $ 6,777,379.09 – 45.1%

CAB – $ 1,307,301.12 – 8.7%

BOB – $ 1,154,863.13 – 7.7%

FIN – $ 1,055,540.75 – 7.0%

FCL – $ 1,015,927.09 – 6.8%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period from October 1 to December 31, 2011 with their contribution to total traded volume displayed as a percentage were:

SYMBOL – TRADE VOLUME – % OF VOLUME

CBL – 475,179 – 56.5%

FIN – 89,223 – 10.6%

CHL – 67,962 – 8.1%

BOB – 64,448 – 7.7%

CAB – 54,068 – 6.4%

The top five share value leaders for the three month period from October 1 to December 31, 2011 with their contribution to total traded value displayed as a percentage were:

SYMBOL – TRADE VALUE – % OF TRADE VALUE

CBL – $ 3,143,868.16 – 60.7%

CAB – $ 454,703.96 – 8.8%

FIN – $ 431,672.48 – 8.3%

BOB – $ 266,404.48 – 5.1%

FBB15 – $ 188,000.00 – 3.6%

For Additional Information Contact:

Holland Grant

BISX

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

Bahamas International Securities Exchange

Suite 201 Fort Nassau Centre

British Colonial Hilton

P. O. Box EE-15672, Nassau, Bahamas