BISX News

The Bahamas International Securities Exchange (BISX) is pleased to announce that Societe Generale Private Banking (Bahamas) Ltd. has applied for and been approved as a BISX Sponsor Member for the listing of mutual funds on the Exchange. As a result, Societe Generale Private Banking (Bahamas) Ltd. (Societe Generale) will be added to the roster of eligible Sponsor Members that are qualified to introduce mutual fund listings to BISX.

Societe Generale becomes the sixth Sponsor Member to join BISX, and brings to the Exchange a wealth of experience in the areas of private banking, wealth and fund management. Societe Generale has been a BISX Broker Dealer Member since September 2001, and now adds Sponsor Membership to their existing membership.

BISX Chief Executive Officer Keith Davies commenting on the admission of Societe Generale Private Banking (Bahamas) Ltd as a BISX Sponsor Member stated, “We are pleased to have Societe Generale join BISX as a Sponsor Member. Societe Generale has maintained a relationship with BISX going back to BISX’s inception in 1999, we are grateful to Societe Generale for having always been one of the most supportive corporate citizens when it comes to the Exchange. Offshore jurisdictions such as The Bahamas thrive only when corporate citizens contribute to national institutions such as the national stock exchange, as a result developments such as this are crucial to BISX’s growth and development.”

BISX Sponsor Membership allows professional organizations to introduce applicant investment funds to the Exchange after which they are eligible to be listed on the Exchange under BISX’s Listing Rules for Mutual Funds. In order to become a BISX Sponsor Member, applicant organizations go through a due diligence process with the BISX Executive Staff after which a determination is made by the BISX Membership Committee.

BISX is committed to working with its members to continue to develop value added products and services for the investing public, and for financial services providers and their clients.

For Additional Information Contact:

Mrs. Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO SEPTEMBER 2013 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the nine month period ending September 30, 2013, with comparison to the same period of 2012.

BISX ALL SHARE INDEX

For the nine month period ending September 30, 2013 the BISX All-Share Index closed at 1,406.38. This represents a year to date increase of 60.12 or 4.47.%. By comparison for the nine month period ending September 30, 2012 the BISX All-Share Index closed at 1,308.01. This represented a year to date decrease of 56.98 or 4.17%.

For the three month period from July 1, 2013 to September 30, 2013, the All-Share Index increased by 17.37 or 1.25%. By comparison, for the three month period from July 1, 2012 to September 30, 2012, the Index experienced a decrease of 3.53 or 0.27%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at September 30, 2013 the market was comprised of 27 primary market listings with a market capitalization of $2.998 Billion. The primary market securities traded over BISX include 20 common share listings, 3 preference share listing and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 9 month period January 1 to September 30, 2013, 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, 2012 * 1,055.20 * 1,426.19 * 5,897.80 * 1,346.26

Sep 30, 2013 * 987.46 * 1,681.55 * 6,462.22 * 1,406.38

Percentage Change (+/-) * -6.42% * 17.91% * 9.57% * 4.47%

TRADING VOLUMES AND VALUES

Trading volume for the nine month period ending September 30, 2013 was 2,593,994.00 shares for a value of $11,502,887.78. Trading volume for the nine month period ending September 30, 2012 was 3,401,318 shares for a value of $15,159,585.10.

Trading volume for the three month period July 1, 2013 to September 30, 2013 was 940,320 for a value of $3,524,172.64. By comparison, for the three month period from July 1, 2012 to September 30, 2012 573,406 shares traded for a value of $2,980,673.45

AVERAGE DAILY VOLUME AND VALUE

For the nine month period ending September 30, 2013 the average daily trading volume was 13,266 shares which resulted in an average daily trading value of $64,035.03. By comparison for the six month period June 30, 2012 the average daily trading volume was 22,395 shares for an average value of $96,588.

During the three month period from July 1, 2013 to September 30, 2013, the average volume per trading day was 313,440 shares for a value of $1,174,724.21. By comparison, for the three month period from July 1, 2012 to September 30, 2012, the average volume per trading day was 17,965 shares for an average value of $80,219.

Month * Avg. vol./trading day(2013) * Avg. vol./trading day(2012) * Avg. val./trading day(2013) * Avg. val./trading day (2012)

January * 10,384 * 10,678 * $59,195.24 * $27,797

February * 13,957 * 16,307 * $82,753.83 * $70,231

March * 6,383 * 26,464 * $40,153.37 * $146,779

April * 23,815 * 10,751 * $81,113.50 * $51,410

May * 14,093 * 41,072 * $72,000.46 * $149,795

June * 10,961 * 29,094 * $48,993.81 * $133,515

July * 5,768 * 8,382 * $32,447.83 * $48,495

August * 32,322 * 9,324 * $105,479.83 * $41,692

September * 6,412 * 9,613 * $28,344.95 * $52,253

Average for period * 13,788 * 17,965 * $61,164.76 * $80,218.56

SHARE VOLUME AND VALUE LEADERS (NINE MONTH PERIOD)

The top five share volume leaders on BISX for the nine month period ending September 30, 2013 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

FBB * 706,153 * 32.7%

CBL * 513,724 * 23.8%

CHL * 260,447 * 12.1%

AML * 175,559 * 8.1%

CHLA * 173,700 * 8.0%

The top five share value leaders for the nine month period ending September 30, 2013 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $3,330,268.89 * 34.1%

FBB * $1,819,976.36 * 18.6%

CAB * $922,126.66 * 9.4%

FCL * $740,137.15 * 7.6%

CHL * $666,102.42 * 6.8%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period July 1 2013 to September 30, 2013 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

FBB * 468,968 * 49.9%

CBL * 121,109 * 12.9%

FCL * 64,569 * 6.9%

CHL * 64,382 * 6.8%

CHLA * 54,700 * 5.8%

The top five share value leaders for the three month period July 1, 2013 to September 30, 2013 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

FBB * $1,176,645.17 * 33.4%

CBL * $752,722.71 * 21.4%

FCL * $362,093.75 * 10.3%

CAB * $305,483.00 * 8.7%

BOB * $200,123.40 * 5.7%

For Additional Information Contact:

Cha-Nea Hepburn

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

Bahamas International Securities Exchange

Suite 201, Fort Nassau Centre

British Colnial Hilton, Bay Street

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

The Bahamas International Securities Exchange (BISX) is pleased to announce that the FG Financial Fund Limited SAC, Class D, Global USD Bond Fund (the “Global USD Bond Fund’) has successfully completed the BISX Mutual Fund Listing Process and have now been added to the roster of funds listed on the Exchange. The Global USD Bond Fund is a mutual fund of FG Financial Fund Limited SAC (FG Financial Fund).

This fund joins the FG Financial Diversified Fund, the FG Financial Growth Fund and the FG Financial Preferred Income Fund to become the fourth sub-fund offered by FG Financial Fund SAC. All of these funds are listed on BISX.

The Global USD Fund is a fixed income fund that will invest mainly in United States Dollar (USD) fixed rate investment grade instruments and emphasizes principal protection while maintaining the highest credit rating possible in the global financial markets. FG Financial Fund Limited SAC is able to offer these international investment products to Bahamians as a result of the Central Bank of The Bahamas’ Exchange Control Liberalization Program (the Liberalization Program) which allows BISX Broker-Dealer Members to access USD currency for the specific purpose of creating Bahamian based investment products for local investors. FG Financial Fund Limited SAC, Class D, Global USD Bond Fund, becomes the 8th investment fund created for Bahamians under the Liberalization Program.

BISX Chief Executive Officer; Keith Davies commented on the listing of the Global Bond Fund.“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 Bahamian investors. FG Financial Fund Limited SAC should be congratulated for adding their first international mutual fund to their family of funds. Products such as this mutual fund which has been developed and launched by FG Financial Fund will continue to positively impact our economy and provide investment diversification for investors.”

FG Capital Markets served as the BISX Sponsor Member that brought the Global Bond Fund to the Exchange. Family Guardian is the Investment Manager, and FG Financial has been appointed as the Administrator.

NOTE: Attached to this Press Release is the BISX Trading Notice for the FG Financial Fund Limited SAC, Class D, Global USD Bond Fund. 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

The Bahamas International Securities Exchange (BISX) is pleased to announce that the FG Financial Fund Limited SAC, Class D, Global USD Bond Fund (the “Global USD Bond Fund’) has successfully completed the BISX Mutual Fund Listing Process and have now been added to the roster of funds listed on the Exchange. The Global USD Bond Fund is a mutual fund of FG Financial Fund Limited SAC (FG Financial Fund).

This fund joins the FG Financial Diversified Fund, the FG Financial Growth Fund and the FG Financial Preferred Income Fund to become the fourth sub-fund offered by FG Financial Fund SAC. All of these funds are listed on BISX.

The Global USD Fund is a fixed income fund that will invest mainly in United States Dollar (USD) fixed rate investment grade instruments and emphasizes principal protection while maintaining the highest credit rating possible in the global financial markets. FG Financial Fund Limited SAC is able to offer these international investment products to Bahamians as a result of the Central Bank of The Bahamas’ Exchange Control Liberalization Program (the Liberalization Program) which allows BISX Broker-Dealer Members to access USD currency for the specific purpose of creating Bahamian based investment products for local investors. FG Financial Fund Limited SAC, Class D, Global USD Bond Fund, becomes the 8th investment fund created for Bahamians under the Liberalization Program.

BISX Chief Executive Officer; Keith Davies commented on the listing of the Global Bond Fund.“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 Bahamian investors. FG Financial Fund Limited SAC should be congratulated for adding their first international mutual fund to their family of funds. Products such as this mutual fund which has been developed and launched by FG Financial Fund will continue to positively impact our economy and provide investment diversification for investors.”

FG Capital Markets served as the BISX Sponsor Member that brought the Global Bond Fund to the Exchange. Family Guardian is the Investment Manager, and FG Financial has been appointed as the Administrator.

NOTE: Attached to this Press Release is the BISX Trading Notice for the FG Financial Fund Limited SAC, Class D, Global USD Bond Fund. 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

FOR IMMEDIATE PUBLICATION

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Internazionale Investment Fund Limited (the “Fund”) has successfully submitted an application to be listed on BISX using the Exchange’s Mutual Fund Listing Facility. The fund was approved for listing by the BISX Listing Committee and will now have its information disseminated via the BISX Website.

The Fund is licensed as a “SFM 007” SMART Fund pursuant to the Investment Funds Act, 2003. SMART Funds are one of the fastest growing wealth management structures in The Bahamas as they allow service providers the flexibility required to offer unique financial and legal solutions to their clients.

Speaking on this development, Mr. Keith Davies CEO of BISX stated: “We are very encouraged by this latest listing. Earlier this year, BISX identified SMART funds as a target market that we would focus on at the Exchange, and this is now our second SMART Fund listing in three months, so we are very pleased and we are quite optimistic for the future of SMART funds listings on BISX. To encourage this growth, we have offered unique fee proposals to encourage our financial services providers to seriously consider a BISX listing when creating SMART Funds.”

Continuing, Mr. Davies noted: “Some of the main advantages that financial services providers receive from establishing operations in The Bahamas are the sovereignty of the jurisdiction and the ease of access to key decision makers. BISX prides itself on the fact that we engage with the industry and especially our Members in an effort to find new ways of differentiating The Bahamas from our competing jurisdictions. The feedback of our Sponsor Members has been integral to the growth of our Mutual Fund Listing Facility.”

The Fund has appointed Credit Suisse AG, Nassau Branch to act as the Investment Manager and Sponsor Member.

For Additional Information Contact:

Mrs. Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

BISX PRESS RELEASE FOR IMMEDIATE PUBLICATION

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Sapphire Venture Fund Ltd, has submitted an application to be listed on BISX using the Exchange’s Mutual Fund Listing Facility. This fund was approved for listing by the BISX Listing Committee and will now have its information disseminated via the BISX Website.

The Sapphire Venture Fund Ltd’s is licensed as a “SFM 007” SMART Fund pursuant to the Investment Funds Act, 2003 and becomes the first SMART Fund to be listed on the Exchange. SMART Fund stands for Specific Mandate Alternative Regulatory Test Fund and is a Bahamian designed asset management structure to combine the flexibility required by service providers with the responsibilities of regulators.

Speaking on this development, Mr. Keith Davies CEO of BISX stated: “We consider this another significant event in the history of the Exchange. The SMART Fund is an innovative Bahamian structure designed to assist Bahamian service providers with offering value-added products to their clients. Marrying this structure to the national stock exchange of The Bahamas only makes sense and we look forward to bringing on many more SMART funds in the future. As our jurisdiction faces increasing competitive pressures, it seems only appropriate that service providers find new ways of demonstrating value to their clients.”

SMART Fund Model 7 or SFM 007 is the latest template added to the available SMART Fund templates, funds under SFM 007 require a minimum initial investment of $500,000, and so are not suitable for retail investors.

The investment objective of the Company is to spread its risk by investing in a diverse portfolio of commercial and residential real estate properties in prime locations in The Bahamas with long-term leases and high quality tenants. By doing so the Company aims to generate stable and increasing cash flow and asset value. The Company has appointed Sapphire Venture Management Ltd. to act as the Investment Manager for the Company and Royal Fidelity Merchant Bank & Trust Ltd. acted as its Sponsor Member.

For Additional Information Contact:

Mrs. Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

JANUARY TO JUNE 2013 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the six month period ending June 30, 2013, with comparison to the same period of 2012 .

BISX ALL SHARE INDEX

For the six month period ending June 30, 2013 the BISX All-Share Index closed at 1,406.66. This represents a year to date increase of 60.40 or 4.49.%. By comparison for the six month period ending June 30, 2012 the BISX All-Share Index closed at 1,311.53. This represented a year to date decrease of 53.46 or 3.92%.

For the three month period from April 1, 2013 to June 30, 2013, the All-Share Index increased by 16.83 or 1.21%. By comparison, for the three month period from April 1, 2012 to June 30, 2012, the Index experienced a decrease of 2.68 or 0.2%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at June 30, 2013 the market was comprised of 26 primary market listings with a market capitalization of $2.663 Billion. The primary market securities traded over BISX include 20 common share listings, 3 preference share listings and 3 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 6 month period January 1 to June 30, 2013, some international equity markets have experienced increases as indicated by the chart below:

Closing Date * MSCI Emerging Mkt Index * S&P 500 Index * FTSE 100 Index * BISX All Share Index

Dec 31, 2012 * 1,055.20 * 1,426.19 * 5,897.80 * 1,346.26

Jun 30, 2013 * 940.33 * 1,606.28 * 6,215.50 * 1,406.66

Percentage Change (+/-) * -10.89% * 12.63% * 5.39% * 4.49%

TRADING VOLUMES AND VALUES

Trading volume for the six month period ending June 30, 2013 was 1,653,674.00 shares for a value of $7,978,715.14 . Trading volume for the six month period ending June 30, 2012 was 2,827,912 shares for a value of $12,178,911.65.

Trading volume for the three month period April 1, 2013 to June 30, 2013 was 1,018,426 for a value of $4,218,275.93. By comparison, for the three month period from April 1, 2012 to June 30, 2012 1,679,002 shares traded for a value of $6,891,179.30.

AVERAGE DAILY VOLUME AND VALUE

For the six month period ending June 30, 2013 the average daily trading volume was 13,266 shares which resulted in an average daily trading value of $64,035.03 . By comparison for the six month period June 30, 2012 the average daily trading volume was 22,395 shares for an average value of $96,588.

During the three month period from April 1, 2013 to June 30, 2013, the average volume per trading day was 16,290 shares for a value of $67,369.26. By comparison, for the three month period from April 1, 2012 to June 30, 2012, the average volume per trading day was 26,972 shares for an average value of
$111,573.

Month * Avg. volume (2013) * Avg. volume(2012) * Avg. value(2013) * Avg. value

January * 10,384 * 10,678 * $59,195.24 * $27,797

February * 13,957 * 16,307 * $82,753.83 * $70,231

March * 6,383 * 26,464 * $40,153.37 * $146,779

April * 23,815 * 10,751 * $81,113.50 * $51,410

May * 14,093 * 41,072 * $72,000.46 * $149,795

June * 10,961 * 29,094 * $48,993.81 * $133,515

Average for period * 16,290 * 22,395 * $67,369.26 * $96,588

SHARE VOLUME AND VALUE LEADERS (SIX MONTH PERIOD)

The top five share volume leaders on BISX for the six month period ending June 30, 2013 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * $392,615.00 * 24.5%

FBB * $237,185.00 * 14.8%

CHL * $196,065.00 * 12.2%

AML * $152,948.00 * 9.5%

CHLA * $119,000.00 * 7.4%

The top five share value leaders on BISX for the six month period ending June 30, 2013 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $1,437,019.26 * 21.0%

FBB * $643,331.19 * 9.4%

CAB * $616,643.66 * 9.0%

FBB15 * $583,000.00 * 8.5%

CHL * $504,595.50 * 7.4%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period April 1, 2013 to June 30, 2013 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * $216,045.00 * 21.2%

FBB * $211,988.00 * 20.8%

CHLA * $110,000.00 * 10.8%

CHL * $109,489.00 * 10.8%

BOB * $54,275.00 * 5.3%

The top five share value leaders on BISX for the three month period April 1, 2013 to June 30, 2013 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $1,437,019.26 * 34.1%

FBB * $583,199.50 * 13.8%

FIN * $360,062.09 * 8.5%

CHL * $288,813.76 * 6.8%

BOB * $286,888.63 * 6.8%

For Additional Information Contact:

Cha-Nea Hepburn

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

Publication Date: August 23, 2013

BISX PRESS RELEASE FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2013 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three month period ending March 31, 2013 with comparison to the same period of 2012.

BISX ALL SHARE INDEX

For the three month period ending March 31, 2013 the BISX All-Share Index closed at 1389.83. This represents a year to date increase of 43.57 or 3.24%. By comparison, for the three month period ending March 31, 2012, the BISX All Share Index closed at 1308.85, which represented a year to date decrease of 56.14 or -4.11. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 31, 2013 the market was comprised of 27 primary market listings with a market capitalization of $2.963 Billion. The primary market securities traded over BISX include 20 common share listings, 3 preference share listing and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 3 month period January 1 to March 31, 2013, some international equity markets have experienced increases as indicated by the chart below:

Closing Date * MSCI Emerging Market * S&P 500 * FTSE 100 * BISX All Share

Dec 31, 2012 * 1055.20 * 1,426.19 * 5,897.80 * 1,346.26

Mar 28, 2013 * 1,032.62 * 1,569.19 * 6,411.70 * 1,389.83

Percentage Change * -2.14% * 10.03% * 8.71% * 3.24%

TRADING VOLUMES AND VALUES

Trading Volume for the three month period ending March 31, 2013 was 635,248 shares for a value of $3,760,439.21. By comparison, trading volume for the three month period ending March 31, 2012 was 1,148,910 shares for a value of $5,287,732.35.

AVERAGE DAILY VOLUME AND VALUE

For the three month period ending March 31, 2013, the average daily trading volume was 10,241 shares which resulted in an average daily trading value of $60,700. During this three month period, February 2013 saw the highest average daily trading volume and value with 13,957 shares with a value of $82,753 trading, respectively. By comparison, the three month period ended March 31, 2012 saw an average daily trading volume of 17,817 shares which resulted in an average daily trading value of $81,602.

Month * Avg. volume (2013) * Avg. volume (2012)* Avg. value (2013)* Avg. value (2012)

January * 10,384 * 10,678 * $59,195 * $27,797

February * 13,957 * 16,307 * $82,753 * $70,231

March * 6,383 * 26,464 * $40,153 * $141,779

Average for 3 month period * 10,241 * 17,817 * $60,700 * $81,602

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period ending March 31, 2013 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 176,570 * 27.8%

AML * 99,042 * 15.6%

CHL * 86,576 * 13.6%

BWL * 49,744 * 7.8%

FCL * 41,400 * 6.5%

The top five share value leaders for the three month period ending March 31, 2013 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $ 1,140,476.92 * 30.3%

FBB15 * $ 583,000.00 * 15.5%

CAB * $ 350,100.65 * 9.3%

CBB * $ 308,233.00 * 8.2%

FCL * $ 237,944.65 * 6.3%

For Additional Information Contact:

Mrs. Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION

BISX PRESS RELEASE FOR IMMEDIATE PUBLICATION

The Bahamas International Securities Exchange (BISX) is pleased to announce that Royal Fidelity Capital Markets a BISX Broker-Dealer Member has submitted an application to list three series of the Royal Fidelity Bahamas Opportunities Fund Limited mutual fund on BISX, using the Exchange’s mutual fund listing facility. This fund was approved for listing by the BISX Listing Committee and will now have its information disseminated via the BISX Website.

The Royal Fidelity Bahamas Opportunities Fund (the umbrella fund) is an umbrella fund created to market separate mutual fund sub-funds to different types of investors through the use of different series. The umbrella fund offers three sub-funds, each sub-fund has three series, and each sub-fund will list the series that serves retail investors. The three retail series to be listed will have their Net Asset Value and other information disseminated by BISX.

The three series are:

• Royal Fidelity Targeted Equity Fund (Class A, Series 1 Shares) seeks a high total return on investment through investments in Bahamian Dollar equity securities, money market instruments or investment funds. This series takes the place of the Royal Fidelity Growth and Income Fund a stand-alone mutual fund previously listed on BISX.

• Royal Fidelity Secure Balanced Fund (Class B, Series 1 Shares) seeks to provide investors with the long-term growth potential of local equities coupled with a steady rate of fixed return and preservation of capital through allocation to local fixed income securities. The Fund will attempt to achieve this objective primarily through a balanced allocation to the equity portfolio of Targeted Equity Trading Company Limited and the fixed income portfolio of Prime Income Trading Company Limited.

• Royal Fidelity Prime Income Fund (Class C, Series 1 Shares) seeks a high and stable rate of return in excess of the Benchmark, together with long-term preservation of capital. The Investment Manger will be responsible for managing the assets of the portfolio on a daily basis. This series takes the place of the Royal Fidelity Prime Income Fund a stand-alone mutual fund previously listed on BISX.

Commenting of the addition of the three mutual fund series to the Exchange, Mr. Davies stated, “We are pleased with the addition of these three mutual fund series from Royal Fidelity. Offering investors variety and choice in investments is a goal of the Exchange and this is achieved with these new listings.”

The Investment Manager of these mutual funds is Royal Fidelity Merchant Bank & Trust Limited, Royal Fidelity Merchant Bank & Trust also serves as administrator for these funds.

“We’re very pleased to be able to list these three funds on the Exchange,” said Joseph Euteneuer, Royal Fidelity’s Assistant Vice President for Mutual Funds. “We can now offer Bahamian investors a complete family of investment funds to match any risk appetite: from fixed income for the very conservative, to a balanced combination of fixed income and equity for the moderate, to full equity for those looking for the potential for higher gain.”

For Additional Information Contact:

Mrs. Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com