BISX News

FOR IMMEDIATE PUBLICATION – Tuesday 31 March 2015

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Royal Fidelity Bahamas International Investment Fund a BISX-listed fund has submitted an application to list two additional sub-funds on the Exchange’s Mutual Fund Listing Facility. These sub-funds have been approved for listing by the BISX Listing Committee and will now have their information disseminated via the BISX Website.

The Royal Fidelity Bahamas International Investment Fund High Yield Income Fund and the Royal Fidelity Bahamas International Investment Fund Alternative Strategies Fund are open-ended investment funds. Royal Fidelity Bahamas International Investment Fund – Class C Shares – High Yield Income Fund seeks a rate of return in excess of the Benchmark by investing in a portfolio of global and regional fixed income securities. Royal Fidelity Bahamas International Investment Fund – Class D Shares – Alternative Strategies Fund seeks to provide access to alternative investment managers, generally employing long-short equity investment strategies, to provide upside growth potential with substantially less volatility than the S&P500 Index. Both funds take advantage of the Central Bank of The Bahamas Exchange Control Liberalization Programme (the “Programme”) which allows BISX Broker-Dealer Members to create securities that have as their underlying basis international securities.

BISX Chief Executive Officer; Keith Davies commented on the listing of the two sub-funds. “We are pleased to have been able to provide a platform where the creativity and innovation of our Broker-Dealer Members can be put to good use for the benefit of investors. Through the various Funds that Royal Fidelity has created under the Programme, investors have been able to access many new asset classes that were previously unavailable to Bahamian retail investors.”

Royal Fidelity Vice President and head of Mutual Funds, Joseph Euteneuer, agreed. “The Alternative Strategies Fund is the only hedge fund vehicle available to local investors,” he said. “Our goal is to provide international equity investment exposure without the extreme volatility that can sometimes go along with it, through a portfolio of long/short hedge fund managers. Along with our suite of top-performing local funds, we think we have managed to create an attractive mix of investment options for just about any investor.”

Royal Fidelity Merchant Bank & Trust Limited served as the BISX Sponsor Member that brought these sub-funds to the Exchange. Royal Fidelity Merchant Bank & Trust Limited has also been appointed as the Administrator and Investment Manager for these sub-funds.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for the Royal Fidelity Bahamas International Investment Fund – High Yield Income Fund and the Royal Fidelity Bahamas International Investment Fund –Alternative Strategies Fund. 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 Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2014 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2014 with comparison to the same period of 2013.

BISX ALL SHARE INDEX

For the twelve month period ending December 31, 2014 the BISX All-Share Index closed at 1,659.30. This represents a year to date increase of 191.08 or 13.01%. By comparison for the twelve month period ending December 31, 2013 the BISX All-Share Index closed at 1,468.22. That increase was a year to date increase of 121.96 or 9.06%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2014 the market was comprised of 29 primary market listings with a market capitalization of $3.653 Billion. The primary market securities traded over BISX include 20 common share listings, 5 preference share listings and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 31, 2014, 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, 2013 * 1,002.69 * 1,848.36 * 6,749.10 * 1,468.22

Dec 31, 2014 * 956.31 * 2,058.90 * 6,566.10 * 1,659.30

Percentage Change (+/-) * -4.63% * 11.39% * -2.71% * 13.01%

TRADING VOLUMES AND VALUES

Trading volume for the twelve month period January 1, 2014 to December 31, 2014 was 4,026,858 shares for a value of $17,883,251. Trading volume for the twelve month period January 1, 2013 to December 31, 2013 was 4,083,628 shares for a value of $17,425,872.19. Trading volume for the three month period October 1 to December 31, 2014 was 1,799,719 shares for a value of $ $6,524,776.75. By comparison, for the three month period from October 1 to December 31, 2013; 1,449,852 shares traded for a value of $5,711,682.61.

AVERAGE DAILY VOLUME AND VALUE

For the twelve month period from January 1, 2014 to December 31, 2014, the average volume per trading day was 11,941 shares for a value of $61,073.30. By comparison, for the twelve month period from January 1, 2013 to December 31, 2013, the average volume per trading day was 13,788 shares for an average value of $61,164.76.

Month * Avg. volume (2014) * Avg. volume (2013) * Avg. value (2014) * Avg. value (2013)

January * 28,290 * 10,384 * $92,235.70 * $59,195.24

February * 4,447 * 13,957 * $33,354.65 * $82,753.83

March * 4,868 * 6,383 * $30,479.22 * $40,153. 37

April * 5,279 * 23,815 * $33,810.29 * $81,113.50

May * 16,703 * 14,093 * $87,016.31 * $72,000.46

June * 15,791 * 10,961 * $96,919.89 * $48,993.81

July * 11,669 * 5,768 * $73,945.56 * $32,447.83

August * 10,277 * 32,322 * $49,439.59 * $105,479.83

September * 10,148 * 6,412 * $52,288.53 * $28,344.95

October * 6,798 * 18,274 * $42,369.55 * $91,542.76

November * 68,926 * 23,981 * $126,603.76 * $78,868.98

December * 12,935 * 27,212 * $145,741.51 * $102,074.67

Average for period * 16,344 * 16,281 * $72,031.21 * $69,382.12

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period January 1, 2014 to December 31, 2014 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

FCLB * 1,306,400 * 32.4%

CBL * 596,926 * 14.8%

CHL * 337,429 * 8.4%

DHS * 295,535 * 7.3%

AML * 233,038 * 5.8%

The top five share value leaders for the twelve month period January 1, 2014 to December 31, 2014 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $4,065,484.43 * 22.7%

FIN * $1,901,904.41 * 10.6%

CAB * $1,339,559.20 * 7.5%

FCLB * $1,319,464.00 * 7.4%

FBB22 * $1,290,000.00 * 7.2%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period October 1, 2014 to December 31, 2014 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

FCLB * 1,125,400 * 62.5%

CBL * 209,014 * 11.6%

FCL * 69,170 * 3.8%

DHS * 53,375 * 3.0%

FAM * 43,000 * 2.4%

The top five share value leaders for the three month period October 1, 2014 to December 31, 2014 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $1,496,769.41 * 22.9%

FBB22 * $1,190,000.00 * 18.2%

FCLB * $1,136,654.00 * 17.4%

FCL * $413,349.90 * 6.3%

FBBA * $350,000.00 * 5.4%

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION – Monday, 26 January 2015

The Bahamas International Securities Exchange (BISX) is pleased to announce the W Invest Fund Limited, SAC Segregated Account A shares have successfully completed the BISX Mutual Fund Listing Process. As a result, these shares have now been added to the roster of funds listed on the Exchange. The W Invest Fund Limited, SAC Segregated Account A is an open-ended investment fund of the W Invest Fund Limited.

W Invest Fund Limited, SAC Fund is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and was restructured 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 to have been able to provide a platform where the creativity and innovation of our Financial Services providers can be put to good use for the benefit of investors. W Invest Fund Limited, SAC – Segregated Account A, serves as the first fund to be listed by the The Winterbotham Trust Company Limited as Sponsor Member. Winterbotham is an original shareholder of BISX and continues to support the Exchange by bringing unique investment products to the Exchange.”

In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are extremely pleased to have listed W Invest Fund Limited, A shares, with other classes to follow soon. We are also certain of further fund listings, our Company is the largest fund administrator by number of funds in The Bahamas, and we expect to continue to sponsor funds to become listed on the Exchange. Listing is key as it further enhances 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 to the fund.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for W Invest Fund Limited, SAC – Segregated Account A. 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 SEPTEMBER 2014 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the nine month period ending September 30, 2014 with comparison to the same period of 2013.

BISX ALL SHARE INDEX

For the nine month period ending September 30, 2014 the BISX All-Share Index closed at 1,577.47. This represents a year to date increase of 109.25 or 7.44%. By comparison for the nine month period ending September 30, 2013 the BISX All-Share Index closed at 1,406.38. This represented a year to date increase of 60.12 or 4.47%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

For the three month period starting from July 1, 2014 to September 30, 2014, the All-Share Index increased by 17.37, from 1560.10 to 1577.47. This compares to the three month period from July 1, 2013 to September 30, 2013, the All-Share Index increased by 17.37.

As at September 30, 2014 the market was comprised of 27 primary market listings with a market capitalization of $3.362 Billion. The primary market securities traded over BISX include 20 common share listings, 3 preference share listings and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 9 month period January 1 to September 30, 2014, 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, 2013 * 1,002.69 * 1,848.36 * 6,749.10 * 1,468.22

Sep 30, 2014 * 1,005.33 * 1,972.29 * 6,622.70 * 1,577.47

Percentage Change (+/-) * 0.26% * 6.70% * -1.87% * 7.44%

TRADING VOLUMES AND VALUES

Trading volume for the nine month period January 1, 2014 to September 30, 2014 was 2,227,139 shares for a value of $11,358,474.14. Trading volume for the nine month period January 1, 2013 to September 30, 2013 was 2,593,994 shares for a value of $11,502,887.78. Trading volume for the three month period July 1 to September 30, 2014 was 685,511 shares for a value of $3,765,941.58. By comparison, for the three month period from July 1 to September 30, 2013; 940,320 shares traded for a value of $3,524,172,64.

AVERAGE DAILY VOLUME AND VALUE

For the nine month period from January 1, 2014 to September 30, 2014, the average volume per trading day was 11,941 shares for a value of $61,073.30. By comparison, for the nine month period from January 1, 2013 to September 30, 2013, the average volume per trading day was 13,788 shares for an average value of $61,164.76.

Month * Avg. volume (2014) * Avg. volume (2013) * Avg. value (2014) * Avg. value (2013)

January * 28,290 * 10,384 * $92,235.70 * $59,195.24

February * 4,447 * 13,957 * $33,354.65 * $82,753.83

March * 4,868 * 6,383 * $30,479.22 * $40,153. 37

April * 5,279 * 23,815 * $33,810.29 * $81,113.50

May * 16,703 * 14,093 * $87,016.31 * $72,000.46

June * 15,791 * 10,961 * $96,919.89 * $48,993.81

July * 11,669 * 5,768 * $73,945.56 * $32,447.83

August * 10,277 * 32,322 * $49,439.59 * $105,479.83

September * 10,148 * 6,412 * $52,288.53 * $28,344.95

Average for period * 11,941 * 13,788 * $61,073.30 * $61,164.76

SHARE VOLUME AND VALUE LEADERS (NINE MONTH PERIOD)

The top five share volume leaders on BISX for the nine month period January 1, 2014 to September 30, 2014 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 387,912 * 17.4%

CHL * 312,880 * 14.0%

DHS * 242,160 * 10.8%

AML * 195,776 * 8.8%

FCLB * 181,000 * 8.1%

The top five share value leaders for the nine month period January 1, 2014 to June 30, 2014 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $2,568,715.02 * 22.6%

FIN * $1,648,884.60 * 14.5%

CAB * $1,096,149.20 * 9.7%

CHL * $1,009,032.91 * 8.9%

JSJ * $789,658.00 * 7.0%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period July 1, 2014 to September 30, 2014 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 149,751 * 22.8%

AML * 132,491 * 19.3%

DHS * 61,100 * 8.9%

JSJ * 59,215 * 8.6%

FIN * 44,383 * 6.5%

The top five share value leaders for the three month period July 1, 2014 to September 30, 2014 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $977,508.13 * 26.0%

JSJ * $668,414.00 * 17.7%

FIN * $494,870.45 * 13.1%

CAB * $290,225.16 * 7.7%

AML * $248,033.49 * 6.6%

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION –Thursday, 11 September 2014

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Nalbra Overseas Fund Corp., the Powder Multistrategy Fund Limited, and the Rio Real Participacoes Fund Inc. have successfully completed the BISX Mutual Fund Listing Process and have now been added to the roster of funds listed on the Exchange.

Nalbra Overseas Fund Corp. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas. This Fund is a non diversified, open end investment fund, which seeks capital appreciation by investing in a variety of instruments and financial products. It is registered as a Professional Investment Fund under the Securities Industry Act, 2003. Icatu Gestao Patrimonial Ltda serves as the Investment Manager.

Powder Multistrategy Fund Limited is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas. This Fund is a non diversified, open end, investment fund that seeks capital appreciation by investing in a variety of instruments and financial products. It is registered as a Professional Investment Fund under the Securities Industry Act, 2003. Perfin Administração de Recursos Ltda serves as the Investment Manager.

Rio Real Participacoes Fund Inc. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas. This Fund is a non diversified, open end, investment fund that seeks capital appreciation by investing in a variety of instruments and financial products. It is registered as a Professional Investment Fund under the Securities Industry Act, 2003. Icatu Gestao Patrimonial Ltda serves as the Investment Manager.

BISX Chief Executive Officer, Keith Davies commented on the listing of the three funds: “We continue to build on the success of investments that we made in establishing close working relationships with our Sponsor Members and the wider Bahamian Financial Services Industry. These listings are also positive proof of the value that our industry continues to add to its clients. We are confident that our market is moving steadily towards the day when listings of this nature are considered common place, and are a part of the normal course of doing fund business in The Bahamas.”

Credit Suisse, AG, Nassau Branch served as the BISX Sponsor Member that brought these Funds to the Exchange and Credit Suisse AG, Nassau Branch has been appointed as the Administrator for all three funds.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Nalbra Overseas Fund Corp., Powder Multistrategy Fund Limited, and Rio Real Participacoes Fund Inc. This notice advises the public of the securities to be listed on the Exchange and the trading symbol of each listed security.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com