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BISX PRESS RELEASE – NEW BISX OFFICE LOCATION

For Immediate Release

The Bahamas International Securities Exchange (BISX) is pleased to announce that its offices will be moving to a new location. Effective Monday, January 30, 2012, BISX’s new office address will be the Fort Nassau Centre, Suite 201, 2nd Floor, of the British Colonial Hilton. This office formerly housed the law offices of Lennox Paton. In announcing the move to their new location Mr. Keith Davies, BISX’s Chief Executive Officer stated “We are very pleased to be in our new location, which is not only more accessible to visitors but is also convenient to the heart of the City of Nassau. I would like to thank the hardworking BISX Staff that allowed this relocation to take place seamlessly.” The Public should note the new contact information for BISX below.

For additional Information contact:

Elude Michel-Sturrup

Bahamas International Securities Exchange

Fort Nassau Centre, Suite 201

British Colonial Hilton

P. O. Box EE-15672

Nassau, Bahamas

Telephone: (242) 323-2330

Facsimile: (242) 323-2320

Email: info@bisxbahamas.com

Website: www.bisxbahamas.com

by Alika Hepburn Alika Hepburn No Comments

BISX Q3, 2011 Statistical Report

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO SEPTEMBER 2011 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the nine month period ending September 30, 2011, with comparison to the same period of 2010.

BISX ALL SHARE INDEX

For the nine month period ending September 30, 2011 the BISX All-Share Index closed at 1,376.14. This represents a year to date decrease of 123.37 or -8.23%. By comparison for the nine month period ending September 30, 2010 the BISX All-Share Index closed at 1,516.77. This represented a year to date decrease of 48.61 or -3.11%.

For the three month period from July 1, 2011 to September 30, 2011, the All-Share Index declined by 34.44 or -2.44%. By comparison for the three month period from July 1 to September 30, 2010, the Index experienced an increase of 11.96 or 0.8% from 1,504.81 to 1,516.77. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at September 30, 2011 the market was comprised of 24 primary market listings with a market capitalization of $2.896 Billion. The primary market securities traded over BISX includes 19 common share listings, 1 preference share listing and 4 tranches of debt. At September 30, 2010 the market was comprised of 23 primary market listings with a market capitalization of $2.938 Billion.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 9 month period January 1 to June 30, 2011, some international equity markets have experienced decreases 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

Sept. 30, 2011
880.434 1,131.42
5,128.50
1,376.14

Percentage Change (+/-) -23.53% -10.04% -13.07% -8.23%

TRADING VOLUMES AND VALUES

Trading volume for the six month period ending June 30, 2011 was 2,058,857 shares for a value of $9,835,612.34. By comparison, trading volume for the nine month period ending September 30, 2010 was 8,780,142 shares for a value of $96,371,998.43. The trading volume for the nine month period ending September 30, 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. Removing this transaction from the 2010 nine month trading statistics results in 2,825,542 shares trading for a value of $16,401,720.43.

For the period, July 1, 2011 to September 30, 2011, 810,822 shares traded for a value of 2,890,317.16. For the three month period from July 1, 2010 to September 30, 2010 700,154 shares traded for a value of $2,962,987.46.

AVERAGE DAILY VOLUME AND VALUE

For the nine month period ending September 30, 2011 the average daily trading volume was 10,861 shares which resulted in an average daily trading value of $52,491. During this nine month period, August 2011 saw the highest average daily trading volume with a daily average of 18,379 shares trading while April saw the highest average daily trading value with $113,986 per day. For the nine month period ending September 30, 2010, excluding the CAB transaction, the average daily trading volume was 15,055 shares which resulted in an average daily trading value of $87,974.76. During this nine month period, April 2010 saw the highest average daily trading volume and value with 48,775 shares and $283,409 trading, respectively. During the three month period from July 1, 2011 to September 30, 2011, the average volume per trading day was 12,387 shares for a value of $44,285. By comparison, for the three month period from April 1, 2010 to June 30, 2010, the average volume per trading day was 11,008 shares for an average value of $46,685.

Month
Avg. volume / trading day (2011)
Avg. volume / trading day (2010)
Avg. value / trading day (2011) Avg. value / trading day (2010)

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

February
8,122
5,365
$47,704 $80,480

March
15,208
18,226
$74,728 $90,706

April
18,379
48,775
$113,986
$283,409

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

June
7,865
12,158
$51,941 $50,089

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

Average for period
10,861
15,055
$52,491 $87,975

SHARE VOLUME AND VALUE LEADERS (NINE MONTH PERIOD)

The top five share volume leaders on BISX for the nine month period ending September 30, 2011 with their contribution to total traded volume displayed as a percentage were:

SYMBOL
TRADE VOLUME
% OF VOLUME

CBL 530,843 25.8%

AML 346,026 16.8%

CHL 235,740 11.5%

FCLB
192,232 9.3%

BOB 155,958 7.6%

The top five share value leaders for the nine month period ending September 30, 2011 with their contribution to total traded value displayed as a percentage were:

SYMBOL
TRADE VALUE % OF TRADE VALUE

CBL
$ 3,633,510.93
36.9%

BOB
$ 888,458.65
9.0%

CAB
$ 852,597.16
8.7%

FCL
$ 851,303.90
8.7%

FIN
$ 623,868.27
6.3%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period July 1, 2011 to September 30, 2011 with their contribution to total traded volume displayed as a percentage were:

SYMBOL
TRADE VOLUME
% OF VOLUME

AML
194,012
23.9%

FCLB
173,332
21.4%

CHL
97,298
12.0%

CBL
84,082
10.4%

FCL
69,628
8.6%

The top five share value leaders for the three month period July 1, 2011 to September 30, 2011 with their contribution to total traded value displayed as a percentage were:

SYMBOL
TRADE VALUE % OF TRADE VALUE

CBL
$ 561,821.42
19.4%

FCL
$ 394,211.00
13.6%

CAB
$ 340,887.50
11.8%

FIN
$ 292,030.50
10.1%

CHL
$ 245,277.15
8.5%

For Additional Information Contact:

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Alika Hepburn Alika Hepburn No Comments

FIDELITY CLASS A PREFERENCE SHARES SUCCESSFULLY LISTED ON THE BAHAMAS INTERNATIONAL SECURITIES EXCHANGE

PRESS RELEASE – FOR IMMEDIATE PUBLICATION

FIDELITY CLASS A PREFERENCE SHARES SUCCESSFULLY LISTED ON THE BAHAMAS INTERNATIONAL SECURITIES EXCHANGE (BISX)

Monday, November 21, 2011

The Bahamas International Securities Exchange (BISX) announced today that Fidelity Bank (Bahamas) Limited has successfully completed the listing process for their Series A Variable Rate Redeemable Preference Shares (the “Shares”) which are now listed on the Exchange under the symbol FBBA. The Shares have been added to the roster of securities listed on the Exchange and will trade through the BISX Automated Trading System (BATS).

Anwer Sunderji, Chief Executive Of Fidelity Bank said “The successful placement of $10 million of these securities positions the bank to continue on its asset growth trajectory, which has resulted in the bank’s profitability rising sharply in recent months.” He added, “We are delighted with the listing on BISX as it will hopefully provide liquidity and greater transparency for investors.”

BISX is able to list the secondary issues of BISX listed companies with the Fidelity Bank (Bahamas) Limited Series A Preference Shares becoming the sixth securities to take advantage of this listing facility. Secondary Issues includes any securities issued by an already public company after their initial public offering. Included in the secondary listing category are corporate bonds, warrants and preference shares. The Series A Shares will trade over the Exchange abiding by the same trading rules as Fidelity’s ordinary shares.

Speaking about the FBBA listing, Keith Davies, the BISX Chief Executive Officer stated: “Fidelity Bank (Bahamas) Limited has a long history with the Exchange, and we are happy to welcome this new issue from them. They were the first company to list debt on the Exchange and the listing of these Series A Preference Shares represents, the sixth security that Fidelity Bank (Bahamas) Limited has listed with us, their having already listed their ordinary shares and four tranches of Medium Term Notes.”

Speaking further, Mr. Davies noted: “The fact that Fidelity Bank (Bahamas) Limited has listed all of these secondary issues on the Exchange, we believe, reflects the fact that they see the value that accrues to a securities’ investors from a listing on BISX. Investors benefit from increased liquidity, transparency in pricing, and a centralized location for buyers and sellers. We are pleased that Fidelity Bank and other responsible issuers continue to seek out a BISX listing for their securities.”

NOTE: Attached to this message is the BISX Formal Trading Notice for the Fidelity Bank (Bahamas) Limited Series A Variable Rate Redeemable Preference Shares. This notice advises the public of the security to be listed on the Exchange and the trading symbol of the listed security.

For Additional Information Contact:

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com