BISX News

PRESS RELEASE – FOR IMMEDIATE RELEASE

Friday October 2, 2015

BISX Hurricane Closure Procedures

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that due to the threat of Hurricane Joaquin and the issuance of a Hurricane Warning for Nassau by the Met Office, BISX’s office will be closed Friday October 2, 2015. Given the unpredictable nature of hurricanes, BISX will remain closed until the hurricane passes.

Please be advised of the following:

DATE: Friday October 2, 2015

OFFICE HOURS: Closed

NOTES: Subject to weather conditions

BISX Contact Details:

Mrs. Elude Sturrup

Bahamas International Securities Exchange Limited

Tel: (242) 323-2330

Fax: (242) 323-2320

Email: info@bisxbahamas.com

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO JUNE 2015 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the six month period ending June 30, 2015 with comparison to the same period of 2014.

BISX ALL SHARE INDEX

For the six month period ending June 30, 2015 the BISX All-Share Index closed at 1,730.34. This represents a year to date increase of 71.04 or 4.28%. By comparison for the six month period ending June 30, 2014 the BISX All-Share Index closed at 1,559.90. That increase was a year to date increase of 91.98 or 6.24%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at June 30, 2015 the market was comprised of 34 primary market listings with a market capitalization of $3.895 Billion. The primary market securities traded over BISX include 20 common share listings and 11 preference share listings. Additionally there were 3 tranches of debt with a face value of $22 Million.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 6 month period January 1 to June 30, 2015, some international equity markets have experienced increases 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, 2014 * 956.31 * 2,058.90 * 6,566.10 * 1,659.30

Jun 30, 2015 * 972.25 * 2,063.11 * 6,521.00 * 1,730.34

Percentage Change (+/-) * 1.67% * 0.20% * -0.69% * 4.28%

TRADING VOLUMES AND VALUES

Trading volume for the six month period January 1, 2015 to June 30, 2015 was 1,187,758 shares for a value of $7,572,515.49. Trading volume for the six month period January 1, 2014 to June 30, 2014 was 1,541,628 shares for a value of $7,592,532.56.

Trading volume for the three month period April 1, 2015 to June 30, 2015 was 588,771 shares for a value of $3,414,740.17. Trading volume for the three month period April 1, 2014 to June 30, 2014 was 756,359 shares for a value of $4,345,026.22.

AVERAGE DAILY VOLUME AND VALUE

For the six month period from January 1, 2015 to June 30, 2015, the average volume per trading day was 9,574 shares for a value of $61,311.42. By comparison, for the six month period from January 1, 2014 to June 30, 2014, the average volume per trading day was 18,886 shares for an average value of $108,873.25.

Month * Avg. volume (2015) * Avg. volume (2014) * Avg. value (2015) * Avg. value (2014)

January * 6,176 * 28,290 * $37,290.51 * $92,235.70

February * 11,754 * 4,447 * $97,775.11 * $33,354.65

March * 10,927 * 4,868 * $66,202.86 * $30,479.22

April * 5,256 * 5,279 * $42,475.68 * $33,810.29

May * 6,335 * 16,703 * $41,384.60 * $87,016.31

June * 16,998 * 15,791 * $82,739.65 * $96,919.89

Average for period * 9,574 * 18,886 * $61,311.42 * $108,873.25

SHARE VOLUME AND VALUE LEADERS (SIX MONTH PERIOD)

The top five share volume leaders on BISX for the six month period January 1, 2015 to June 30, 2015 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 332,199.00 * 28.0%

AML * 131,169.00 * 11.0%

FIN * 128,573.00 * 10.8%

CHL * 108,476.00 * 9.1%

FCL * 72,510.00 * 6.1%

The top five share value leaders on BISX for the six month period January 1, 2015 to June 30, 2015 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $2,490,674.87 * 32.9%

FIN * $1,032,160.00 * 13.6%

AML * $794,211.70 * 10.5%

CAB * $684,520.50 * 9.0%

CHL * $517,289.22 * 6.8%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period April 1, 2015 to June 30, 2015 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 132,170.00 * 22.4%

AML * 89,810.00 * 15.3%

CHL * 68,708.00 * 11.7%

FIN * 63,973.00 * 10.9%

FCL * 53,510.00 * 9.1%

The top five share value leaders on BISX for the three month period April 1, 2015 to June 30, 2015 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $994,548.02 * 29.1%

FIN * $703,703.00 * 20.6%

CHL * $354,108.37 * 10.4%

FCL * $321,560.00 * 9.4%

AML * $198,648.60 * 5.8%

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION – Friday, August 7, 2015

The Bahamas International Securities Exchange (BISX) announced today that the Government of The Commonwealth of The Bahamas has successfully completed the listing process for all of the Notes that comprise Tranche 1 and Tranche 2 of Bahamas Government Stock (“the Notes”). As a result, the Notes have been added to the roster of securities listed on the Exchange and each Note will trade separately and independently on the Exchange under its own symbol through the BISX Automated Trading System (BATS).

These Notes are the first instruments of The Government of The Commonwealth of The Bahamas (the “Government of The Bahamas”) to be listed and traded over the Exchange. These Notes are issued under the Bahamas Government Stock (BGS) facility that commenced fundraising in December 2014. The BGS Facility allows for the issuance of securities that can be immediately listed and traded over the Exchange.

Andrew Strachan, BISX’s Chairman commented on the listing of these BGS Notes stating; “This is a very positive move on the part of the Government of The Bahamas and we are grateful for their support of BISX. The listing of Government securities was always a goal of the Exchange and is another milestone achieved in our development.”

Speaking about the listing Keith Davies, the BISX Chief Executive noted: “The listing and trading of Government securities has been a goal of the Exchange from our inception in 1999. I’ve worked closely with Government and other market participants on this issue for quite a while, therefore, this is a significant event in the growth and development not just of BISX, but for the entire Bahamian capital markets. The listing and trading of fixed rate Government securities within our formalized electronic market environment allows for the establishment of a Yield Curve that will ultimately allow the further expansion and development of the corporate and institutional debt markets in the Bahamas. I’ve already received very positive feedback from the market in this regard. Additionally the secondary trading of these instruments will provide investors with valuable real time information regarding the risk appetite of the Bahamian capital markets and expand the diversity of securities in our market. Of course, we look forward to the day when all outstanding Government Debt is listed on the Exchange, but suffice it to say, today we have experienced another positive incremental step in the development of BISX and the BISX Market.

Mr. Holland Grant, BISX Acting Chief Operating Officer explained the naming convention used by BISX to differentiate the symbols of the various notes. “Our purpose in the symbol naming convention was to create a simple and unambiguous means that can be used repeatedly for different notes and tranches.”

Mr. Grant went on to say: “Each security listed on BISX is given a unique symbol for ease of identification. For BGS each security is identified by a 6 character symbol intended to uniquely identify that security, for example, a BGS Note with the symbol BG0103 could be broken down to identify the following:

• The first two characters will be the same for all BGS, namely “BG”;

• The second two characters will reflect the tranche that these particular bonds were issued under, the tranche number is displayed on page one of the Offering Memorandum for each tranche. Tranche 1, was issued in December 2014 and included 3 year bonds, 5 year bonds, 7 year bonds and 30 year bonds, all bonds issued under that Tranche would have “01” as their second two characters.

• The last two characters would reflect the term of the individual bonds, so the three year bond would have “03” as the last two characters. Accordingly, the 30 year bond issued under Tranche 2, would be represented by the following symbol: BG0230.”

These are the first two tranches of the BGS facility. Tranche 1 was issued in December 2014 and consists of 4 Notes of various maturities. Tranche 2 was issued in January 2015 and also consists of 4 Notes of various maturities.

NOTE: Attached to this message is the BISX Trading Notice for the Notes of BGS Tranche 1 and BGS Tranche 2. This notice advises the public of the securities to be listed on the Exchange and the symbol of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.comTrading Notice BGS Tranche 2Trading Notice BGS Tranche 1

FOR IMMEDIATE PUBLICATION – Thursday, 6 August, 2015

The Bahamas International Securities Exchange (BISX) is pleased to announce the AsiAmerica Fund Limited has successfully completed the BISX Mutual Fund Listing Process. As a result, this fund has now been added to the roster of funds listed on the Exchange. AsiAmerica Fund Limited is an open-ended investment fund.

AsiAmerica Fund Limited is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and was registered as a Segregated Accounts Company as defined in the Segregated Accounts Companies Act, 2004.

BISX Chief Executive Officer; Keith Davies commented on the listing of the Mutual Fund. “We are pleased at the continued growth in our mutual fund listing facility especially the fact that our offshore financial services providers are able to use this facility as a value added product and service to their clients. We continue to be pleased with the support for our Mutual Fund Listing Facility and are encouraged by the growth in this sector of our market. Winterbotham has recently become a huge advocate of our mutual fund listing facility and they have once again brought forward another mutual fund to be listed on the Exchange. I look forward to their continued support as we expand our market even further.”

Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. Winterbotham Trust Company Limited has been appointed as the Administrator for all the fund. AAA Management Limited acts in the capacity of Investment Manager.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for AsiAmerica Fund Limited 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:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.comTrading Notice – AsiAmerica Fund Limited

FOR IMMEDIATE PUBLICATION – Wednesday 17 June 2015

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Emerging Energy Services Fund Ltd has successfully completed the BISX Mutual Fund Listing Process. As a result, this fund has now been added to the roster of funds listed on the Exchange. Emerging Energy Services Fund Ltd is an open-ended investment fund.

Emerging Energy Services Fund Ltd is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is licensed as a Smart Fund Model 002 under the Investment Funds Act.

BISX Chief Executive Officer; Keith Davies commented on the listing of the Mutual Fund. “Winterbotham continues to bring new funds to the Exchange for their clients, and we are pleased that our mutual fund listing facility is a service that assists them with their business development activities. We are also encouraged by the growth of our facility, at December 31, 2013, our assets under management for all funds listed on the Exchange stood at approximately $550 million. At December 31, 2014, the assets under management for our listed mutual funds stood at $2.2. billion. This marks the first time that our fund’s assets under management has gone over the billion dollar amount.”

In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are pleased to have sponsored the listing of Emerging Energy Services Fund, a fund which targets investments in energy services companies with particular focus in Latin-America. We are certain of further fund listings in the next couple of months; our Company is the largest fund Administrator by number of funds in The Bahamas, and we continue to see growth in our Fund Services division and will continue sponsoring funds to list on the Exchange as this is a key enhancer to our offering and our ability to attract funds to The Bahamas¨

The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. The Winterbotham Trust Company Limited has been appointed as the Administrator for the fund. Emerging Energy Management Ltd. acts in the capacity of Investment Manager.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Emerging Energy Services Fund Ltd. 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:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2015 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three month period ending March 31, 2015 with comparison to the same period of 2014.

BISX ALL SHARE INDEX

For the three month period ending March 31, 2015 the BISX All-Share Index closed at 1,673.85. This represents a year to date increase of 14.55 or 0.88%. By comparison for the three month period ending March 31, 2014 the BISX All-Share Index closed at 1,514.10. That increase was a year to date increase of 45.88 or 3.12%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 31, 2015 the market was comprised of 29 primary market listings with a market capitalization of $3.685 Billion. The primary market securities traded over BISX include 20 common share listings, 5 preference share listings and 4 tranches of debt. Additionally at December 31, 2014 BISX had 32 mutual funds with total Assets Under Management of $2.2 Billion.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 3 month period January 1 to March 31, 2015, some international equity markets have experienced increases 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, 2014 * 956.31 * 2,058.90 * 6,566.10 * 1,659.30

Mar 31, 2015 * 974.57 * 2,067.89 * 6,773.00 * 1,673.85

Percentage Change (+/-) * 1.91% * 0.44% * 3.15% * 0.88%

TRADING VOLUMES AND VALUES

Trading volume for the three month period January 1, 2015 to March 31, 2015 was 598,987 shares for a value of $4,157,775.32. Trading volume for the three month period January 1, 2014 to March 31, 2014 was 785,296 shares for a value of $3,247,506.34.

AVERAGE DAILY VOLUME AND VALUE

For the three month period from January 1, 2015 to March 31, 2015, the average volume per trading day was 9,619 shares for a value of $67,089.69. By comparison, for the three month period from January 1, 2014 to March 31, 2014, the average volume per trading day was 12,535 shares for an average value of $52,079.86.

Month * Avg. volume (2015) * Avg. volume (2014) * Avg. value (2015) * Avg. value (2014)

January * 6,176 * 28,290 * $37,290.51 * $92,235.70

February * 11,754 * 4,447 * $97,775.11 * $33,354.65

March * 10,927 * 4,868 * $66,202.86 * $30,479.22

Average for period * 9,619 * 12,535 * $67,089.49 * $52,079.86

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period January 1, 2015 to March 31, 2015 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 200,029 * 33.4%

FIN * 64,600 * 10.8%

DHS * 59,900 * 10.0%

CAB * 44,265 * 7.4%

AML * 41,359 * 6.9%

The top five share value leaders for the three month period January 1, 2015 to March 31, 2015 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $1,496,126.85 * 36.0%

FIN * $710,600.00 * 17.1%

CAB * $634,020.50 * 15.2%

FBB * $190,070.00 * 4.6%

FAM * $180,127.00 * 4.3%

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

The Bahamas International Securities Exchange (BISX) is pleased to announce that Colonial Pension Services (Bahamas) Ltd. (“Colonial Pension”) has applied for and been approved as a BISX Sponsor Member. BISX Sponsor Members are responsible for bringing mutual fund listings to the Exchange and acting as the first point of contact for mutual funds while they are engaged in the listing application process with the Exchange. Colonial Pension Services becomes the eighth Sponsor Member to join BISX, and brings to the Exchange a wealth of experience in the areas of wealth and pension fund management.

Larry Gibson CFA, Vice President commenting on this achievement said “Having established ourselves as a regional and international pension administrator and investment manager, Colonial Pension is pleased to take this next step towards consolidating ourselves as the premier pension provider in the Bahamas. As the newest BISX Sponsor Member, this is yet another affirmation of our commitment to the development of the Bahamian pension industry”.

Immediately after approval as a BISX Sponsor Member, Colonial Pension submitted an application to list three sub-funds of the Colonial Bahamas Fund on BISX, under the Exchange\’s mutual fund listing facility. These three funds have been approved for listing and will now have their information disseminated via the BISX Website. Colonial Bahamas Fund Class D, Colonial Bahamas Fund Class E, and Colonial Bahamas Fund Class F are open-ended investment sub-funds of the Colonial Bahamas Fund.

BISX Chief Executive Officer; Keith Davies commenting on the admission of Colonial Pension as a BISX Sponsor Member stated, \”We are pleased to have such a positive development in the first quarter of 2015. By Colonial Pension joining BISX as a Sponsor Member, they are now able to bring mutual fund listings directly to BISX, and BISX is able to direct business inquiries to this new Member. We believe that this affiliation in conjunction with their existing Membership as a BISX Broker Dealer Member will allow Colonial Pension to pursue new business opportunities while offering more services to their existing clients.

The three sub-funds of the Colonial Bahamas Fund will each have their own Net Asset Value listed on BISX and posted on the Exchange\’s website. These series are being created as Bahamian Depository Receipts (BDRs) and the underlying investments will be in global securities.

The three sub-funds are:

• Colonial Bahamas Fund Class D shares whose investment objective is the preservation of capital whilst minimizing overall risk.

• Colonial Bahamas Fund Class E shares whose investment objective is to achieve moderate growth within a medium to long term frame with moderate risk.

• Colonial Bahamas Fund Class F shares whose investment objective is to generate long term capital by investing in higher risk assets.

Commenting on the addition of a new mutual fund listing on the Exchange, Mr. Davies stated, \”We are pleased with the addition of these three sub-funds of the Colonial Bahamas Fund to BISX. These funds add three new options to the investment products available to the Bahamian investing public via the Exchange. This offering also furthers the BISX aim of encouraging an investing culture in The Bahamas. Our market is continuing to expand as new products and new entrants continue to recognize the potential of the Bahamian marketplace.\”

Desiree Parker CFA, Assistant Vice President and Portfolio Manager for the Colonial Bahamas Fund said that “The addition of these new share classes will provide significant diversification opportunities to our clients either directly or through our existing investment products. We currently have relationships with an array of ‘best-in-class’ global managers whom we utilize for our non-Bahamian block of business, and the creation of these new sub-classes will allow us to offer that expertise to our local clients.”

Colonial Pension Services (Bahamas) Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. Colonial Pension Services (Bahamas) Limited has also been appointed as the Administrator and Investment Manager for this Fund.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Colonial Bahamas Fund Class D, Colonial Bahamas Fund Class E, and Colonial Bahamas Fund Class F. This notice advises the public of the securities to be listed on the Exchange and the trading symbols of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com