BISX News

FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2011 STATISTICAL REPORT

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

BISX ALL SHARE INDEX

For the three month period ending March 31, 2011 the BISX All-Share Index closed at 1,473.41. This represents a year to date decrease of 26.10 or 1.74%. For the period ending March 31, 2010, the BISX All Share Index closed at 1,596.62, which represented a year to date decrease of 31.24 or 2.00%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 31, 2011 the market was comprised of 23 primary market listings with a market capitalization of $2.854 Billion. The primary market securities traded over BISX include 18 common share listings, 1 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, 2011, 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

31-Dec-10
1,151.38
1,257.64
5,899.90

1,499.51

31-Mar-11
1,170.87
1,325.83
5,908.80

1,473.41

Percentage Change (+/-) 1.69%
5.42%
0.15%
-1.74%

TRADING VOLUMES AND VALUES

Trading volume for the three month period ending March 31, 2011 was 642,314 shares for a value of $3,258,791.69. By comparison, trading volume for the three month period ending March 31, 2010 was 6,673,918 shares for a value of $85,392,191.13. The trading volume for the three month period ending March 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. Removing this transaction from the Q1, 2010 statistics results in 719,318 shares trading for a value of $5,421,913.13.

AVERAGE DAILY VOLUME AND VALUE

During the 3 month period ended March 31, 2011, the average volume per trading day was 9,945 shares for an average value of $50,577. March saw the largest average daily trading volume and value during the 3 month period ending March 31, 2011, with 15,208 shares trading for $74,728. By comparison, the three month period ended March 31, 2010, excluding the CAB transaction, the average daily trading volume was 10,924 shares which equaled an average daily trading value of $84,460. During this three month period; March 2010 saw the highest average daily trading volume and value with 18,226 shares and $90,706 trading, respectively.

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

Average for quarter

9,945

10,924
$50,577 $84,460

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD) The top five share volume leaders on BISX for the three month period ending March 31, 2011 with their contribution to total traded volume displayed as a percentage were:

SYMBOL
TRADE VOLUME
% OF VOLUME

CBL
207,566 32.3%

CHL
113,490 17.7%

AML
90,764
14.1%

BOB
62,844
9.8%

FCL
47,180
7.3%

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

SYMBOL
TRADE VALUE % OF TRADE VALUE

CBL
$ 1,417,619.66 43.5%

BOB
$ 314,315.67
9.6%

CHL
$ 287,376.00
8.8%

FBB15
$ 274,000.00
8.4%

FCL
$ 261,163.40
8.0%

For Additional Information Contact:

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2010 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2010 with comparison to the same period of 2009.

BISX ALL SHARE INDEX

For the twelve month period ending December 31, 2010 the BISX All-Share Index closed at 1,499.51. This represents a year to date decrease of 65.87 or 4.21%. For the year ending December 31, 2009, the BISX All Share Index closed at 1565.38, which represented a year to date decrease of 146.98 points or 8.58%. 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. By comparison, for the three month period from October 1 to December 31, 2009, the Index experienced an increase of 63.6 or 4.23% from 1,501.78 to 1,565.38. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2010 the market was comprised of 23 primary market listings with a market capitalization of $2.905 Billion. The primary market securities traded over BISX include 18 common share listings, 1 preference share listing and 4 tranches of debt. (Note: Freeport Concrete Company Limited was removed from the roster of BISX listed issuers on Wednesday, July 28, 2010 .and its ordinary shares no longer trade on the Exchange.)

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 310, 2010, 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

31-Dec-09
989.47
1,115.10
5,412.90
1,565.38

31-Dec-10
1,151.39
1,257.64
5,899.94
1,499.51

Percentage Change (+/-)
16.36%
12.78%
9.00%
-4.21%

TRADING VOLUMES AND VALUES

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 value and volume numbers for 2010 are the highest recorded on BISX over the Exchange’s 10 year history.

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. By comparison for the twelve month period of 2009 4,908,390 shares traded for a value of $26,519,450.34.

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. This compares to the October 1 to December 31, 2009 period where 2,315,550 shares traded for a value of $12,241,929.60. This represents an increase of 10.2% in share volume traded, and a decrease of 13.2% in share value traded in Q4, 2010 compared to Q4, 2009.

Month
Avg. volume / trading day (2010)
Avg. volume / trading day (2009)
Avg. value / trading day (2010)
Avg. value / trading day (2009)

January
9,182
13,390
$82,195.00
$67,447.05

February
5,365
5,309
$80,479.66
$34,372.94

March
18,226
10,498
$90,705.74
$56,864.44

April
48,775
6,314
$283,408.83
$34,562.62

May
8,763
37,157
$64,839.14
$203,639.57

June
12,158
6,536
$50,088.60
$19,866.42

July
14,936
7,479
$81,520.04
$53,152.28

August
11,430
13,574
$36,721.90
$58,335.56

September
6,657
22,786
$21,813.94
$152,117.41

October
17,535
10,380
$87,493.82
$54,236.17

November
11,038
80,003
$77,876.83
$401,254.88

December
18,739
19,881
$111,089.72
$127,457.98

Average for 12 month period
15,234
19,442
$89,019.44
$104,779.58

AVERAGE DAILY VOLUME AND VALUE

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. By comparison, the twelve month period ended December 31, 2009 saw an average daily trading volume of 19,442 shares which resulted in an average daily trading value of $104,779.58.

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period ending December 31, 2010 with their contribution to total traded volume displayed as a percentage were:

SYMBOL – TRADE VOLUME – % OF VOLUME
CAB – 6,178,633 – 56.9%
CBL – 1,345,121 – 12.4%
ICD – 1,108,454 – 10.2%
FCL – 690,309 – 6.4%
CHL – 505,499 – 4.7%

The top five share value leaders for the twelve month period ending December 31, 2010 with their contribution to total traded value displayed as a percentage were:

SYMBOL – TRADE VALUE – % OF TRADE VALUE
CAB – $ 84,063,499.26 – 76.3%
ICD – $ 8,140,002.63 – 7.4%
CBL – $ 6,153,937.21 – 5.6%
FCL – $ 3,417,384.07 – 3.1%
FBB15 – $ 1,782,000.00 – 1.6%

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, 2010 with their contribution to total traded volume displayed as a percentage were:

SYMBOL – TRADE VOLUME – % OF VOLUME
ICD – 1,077,567 – 51.8%
CBL – 458,826 – 22.1%
FCL – 255,658 – 12.3%
CHL – 81,111 – 3.9%
CAB – 72,970 – 3.5%

The top five share value leaders for the three month period from October 1, to December 31, 2010 with their contribution to total traded value displayed as a percentage were:

SYMBOL – TRADE VALUE – % OF TRADE VALUE
ICD – $ 7,967,388.30 – 57.5%
CBL – $ 3,115,522.23 – 22.5%
FCL – $ 1,303,828.65 – 9.4%
CAB – $ 751,071.90 – 5.4%
CHL – $ 200,406.95 – 1.4%

For Additional Information Contact:

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION

January to September 2010 Statistical Report

BISX is pleased to announce its BISX All-Share Index and trading statistics for the nine month period ending September 30, 2010 with comparison to the same period of 2009.

BISX ALL SHARE INDEX

For the nine month period ending September 30, 2010 the BISX All-Share Index closed at 1,516.77. This represents a year to date decrease of 48.61 or -3.11%. For the comparable nine month period ending September 30, 2009 the BISX All Share Index closed at 1501.78, which represented a year to date decrease over the 2009 nine month period of 210.58 points or -12.30%. 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, 2010 the market was comprised of 23 primary market listings with a market capitalization of $2.938 Billion. The primary market securities traded over BISX include 18 common share listings, 1 preference share listing and 4 tranches of debt. (Note: Freeport Concrete Company Limited was removed from the roster of BISX listed issuers on Wednesday, July 28, 2010.)

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 9 month period January to September 30, 2010, some international equity markets have experienced increases as indicated by the chart below:

• Closing Date – 31-Dec-09
  MSCI Emerging Market Index – 989.47
  S&P 500 Index – 1,115.10
  FTSE 100 Index – 5,412.90
  BISX All Share Index – 1,565.38
• Closing Date – 30-Sep-10
  MSCI Emerging Market Index – 1075.53
  S&P 500 Index – 1,141.20
  FTSE 100 Index – 5,548.60
  BISX All Share Index – 1,516.77
• Percentage Change (+/-)
  MSCI Emerging Market Index – 8.70%
  S&P 500 Index – 2.34%
  FTSE 100 Index – 2.51%
  BISX All Share Index – (3.11%)

TRADING VOLUMES AND VALUES

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 nine month trading statistics results in 2,825,542 shares trading for a value of $16,401,720.43. By comparison for the nine month period of 2009 2,592,965 shares traded for a value of $14,402,520.74.

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. This compares to the July 1, 2009 to September 30, 2009 period where 937,327 shares traded for a value of $5,682,644.38. This represents a decrease of 25.3% in share volume traded, and a decrease of 47.9% in share value traded in 2010 compared to 2009.

AVERAGE DAILY VOLUME AND VALUE

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. By comparison, the nine month period ended September 30, 2009 saw an average daily trading volume of 13,672 shares which resulted in an average daily trading value of $75,595.37.

Month
Avg. Vol Day (2010)
Avg. Vol Day (2009)
Avg. Val. Day (2010)
Avg. Val Day (2009)  


January
9,182
13,390
$82,195.00
$67,447.05


February
5,365
5,309
$80,479.66
$34,372.94


March
18,226
10,498
$90,705.74
$56,864.44


April
48,775
6,314
$283,408.83
$34,562.62


May
8,763
37,157
$64,839.14
$203,639.57


June
12,158
6,536
$50,088.60
$19,866.42


July
14,936
7,479
$81,520.04
$53,152.28


August
11,430
13,574
$36,721.90
$58,335.56


September
6,657
22,786
$21,813.94
$152,117.41


Average for 9 month period
15,055
13,672
$87,974.76
$75,595.37

SHARE VOLUME AND VALUE LEADERS (NINE MONTH PERIOD)

The top five share volume leaders on BISX for the nine month period ending September 30, 2010 with their contribution to total traded volume displayed as a percentage in brackets were:

SYMBOL TRADE VOLUME % OF VOLUME

CAB – 6,105,663.00 – [69.5%]

CBL – 886,295.00 – [10.1%]

FCL – 434,651.00 – [5.0%]

CHL – 424,388.00 – [4.8%]

DHS – 214,557.00 – [2.4%]

The top five share value leaders for the nine month period ending September 30, 2010 with their contribution to total traded value displayed as a percentage in brackets were:

SYMBOL TRADE VALUE % OF TRADE VALUE

CAB – $ 83,312,427.36 – [86.4%]

CBL – $ 3,038,414.98 – [3.2%]

FCL – $ 2,113,555.42 – [2.2%]

FBB15 – $ 1,752,000.00 – [1.8%]

BWL – $ 1,408,819.66 – [1.5%]

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period from July 1, to September 30, 2010 with their contribution to total traded volume displayed as a percentage in brackets were:

SYMBOL TRADE VOLUME % OF VOLUME

CHL – 244,259.00 – [34.9%]

CBL – 233,879.00 – [33.4%]

FCL – 81,878.00 – [11.7%]

DHS – 67,200.00 – [9.6%]

BOB – 15,479.00 – [2.2%]

The top five share value leaders for the three month period from July 1, to September 30, 2010 with their contribution to total traded value displayed as a percentage in brackets were:

SYMBOL TRADE VALUE % OF TRADE VALUE

CBL – $ 1,463,768.73 – [49.4%]

CHL – $ 611,707.50 – [20.6%]

FCL – $ 394,142.21 – [13.3%]

DHS – $ 130,923.00 – [4.4%]

CAB – $ 128,147.20 – [4.3%]

For Additional Information Contact

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION

JANUARY TO JUNE 2010 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the six month period ending June 30, 2010 with comparison to the same period of 2009.

BISX ALL SHARE INDEX

For the six month period ending June 30, 2010 the BISX All-Share Index closed at 1,504.81. This represents a year to date decrease of 60.57 or -3.87%. By comparison, for the three month period from April 1, 2010 to June 30, 2010, the Index experienced a decrease of 91.81 or -6.1% from 1,597.06 to 1,504.81. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at June 30, 2010 the market was comprised of 24 primary market listings with a market capitalization of $2.915 Billion. The primary market securities traded over BISX include 19 common share listings, 1 preference share listing and 4 tranches of debt. (Note: The BISX Listing Committee has made the determination to remove Freeport Concrete Company Limited from the roster of BISX listed issuers on Wednesday, July 7, 2010. Once this action takes place there will be 23 primary market listings including 18 common share listings, 1 preference share listing and 4 tranches of debt.)

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 6 month period January to June 30, 2010, most equity markets 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

December 31, 2009 1,010.33 1,115.10 5,412.88 1,565.32

June 30, 2010 917.985 1,030.71 4,916.90 1,504.81

Percentage Change (+/-) -9.1% -7.6% -9.2% -3.9%

TRADING VOLUMES AND VALUES

Trading volume for the six month period ending June 30, 2010 was 8,079,988 shares for a value of $93,409,010.97. The trading volume for the six month period ending June 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 six month statistics results in 2,125,388 shares trading for a value of $13,438,732.97. By comparison for the six month period of 2009 1,655,638 shares traded for a value of $8,719,876.36.

For the three month period from April 1, 2010 to June 30, 2010 1,406,070 shares traded for a value of $8,016,819.84. This compares to the April 1, 2009 to June 30, 2009 period where 1,037,301 shares traded for a value of $5,365,011.87. This represents an increase of 49.4% in share value traded, and an increase in 35.6% in share volume traded in 2010 compared to 2009.

AVERAGE DAILY VOLUME AND VALUE

For the six month period ending June 30, 2010, excluding the CAB transaction, the average daily trading volume was 17,078 shares which equaled an average daily trading value of $108,619. During this six month period; April 2010 saw the highest average daily trading volume and value with 48,775 shares and $283,409 trading, respectively. By comparison, the six month period ended June 30, 2010 saw an average daily trading volume of 13,201 shares which equaled an average daily trading value of $69,459.

Month Avg. volume / trading day (2010) Avg. volume / trading day (2009) Avg. value / trading day (2010) Avg. value / trading day (2009)

January 9,182 13,390 $82,195 $67,447

February 5,365 5,309 $80,480 $34,373

March 18,226 10,498 $90,706 $56,864

April 48,775 6,314 $283,409 $34,562

May 8,763 37,157 $64,839 $203,640

June 12,158 6,536 $50,089 $19,866

Average for 6 month period 17,078 13,201 $108,619 $69,459

SHARE VOLUME AND VALUE LEADERS

The top five share volume leaders on BISX for the six month period ending June 30, 2010 with their contribution to total traded volume displayed in brackets were:

SYMBOL TRADE VOLUME % OF VOLUME

CAB 6,093,983 (75.4%)

CBL 652,416 (8.1%)

FCL 352,773 (4.4%)

CHL 180,129 (2.2%)

DHS 147,357 (1.8%)

The top five share value leaders for the six month period ending June 30, 2010 with their contribution to total traded value displayed in brackets were:

SYMBOL TRADE VALUE % OF TRADE VALUE

CAB $ 83,184,280.16 (89.1%)

FBB15 $ 1,752,000.00 (1.9%)

FCL $ 1,719,413.21 (1.8%)

CBL $ 1,574,646.25 (1.7%)

BWL $ 1,408,393.66 (1.5%)

For Additional Information Contact

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Royal Fidelity International Investment Fund Limited, Class N, TIGRS, Series 3 Sub Fund (“the TIGRS 3 Sub Fund”) has successfully completed the BISX Mutual Fund Listing Process and has now been added to the roster of funds listed on the Exchange. The TIGRS 3 Sub Fund is a closed end sub-fund of the Royal Fidelity International Investment Fund Limited.

The TIGRS 3 Sub Fund is the fourth offering of international investment products to Bahamians by Royal Fidelity Merchant Bank and Trust Limited. The TIGRS 3 shares offer 100% Principal Protection and 100% participation in the upward price performance of an equally weighted basket of commodities composed of Gold, Copper and Nickel. TIGRS 3 is a closed end fund that matures on March 31, 2015. The return at maturity is based on the average of the commodities’ prices measured annually beginning on April 1, 2010 and ending at maturity

Royal Fidelity 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 Licensed Broker-Dealers to access US$ currency for the specific purpose of creating Bahamian based investment products for local investors. The Liberalization Program which began with the creation of international funds by Royal Fidelity and CFAL in December 2007, currently counts 6 funds (including TIGRS 3) listed on the Exchange that offer international investment products to Bahamians.

BISX Chief Executive Officer; Keith Davies commented on the listing of the TIGRS 3 Sub Fund: “I want to congratulate Royal Fidelity for moving forward with the creation of their fourth international mutual fund. I believe that developments such as this listing are a sign of the innovation of our BISX Broker-Dealer Members. In these difficult financial times, it is encouraging that it is still possible to create products that investors value as being a part of their portfolio. I applaud Royal Fidelity, one of our first BISX Members on their continued efforts at developing a pool of investments that Bahamian investors are able to access.”

President of Royal Fidelity Merchant Bank & Trust Mr. Michael Anderson added: “Royal Fidelity is pleased to have been able to offer the first opportunity for Bahamian investors to invest Bahamian dollars in commodities while also giving full protection of the principal amount invested. Through the TIGRS sub-funds, Royal Fidelity seeks to create unique investment opportunities through which to enable Bahamian investors to diversify their Bahamian dollar investment portfolios while limiting any downside by offering full principal protection. “

Royal Fidelity Capital Markets Limited served as the BISX Sponsor Member that brought the TIGRS 3 Sub Fund to the Exchange. Royal Fidelity Merchant Bank and Trust Limited is the Investment Manager as well as the Administrator.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Royal Fidelity International Investment Fund Limited, Class N, TIGRS, Series 3 Sub Fund (“the TIGRS 3 Sub 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

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

For Immediate Release – Wednesday, July 07, 2010

The Bahamas International Securities Exchange (BISX) wishes to announce to the public that the BISX Listing Committee has made the determination to cancel the listing of Freeport Concrete Company Limited (FCC) from its roster of Listed Issuers. The decision of the BISX Listing Committee was made in accordance with the BISX Listing Rules Section 6: Subsection 2.4(1)(iv). Pursuant to the Securities Industry Act, 1999, the Securities Commission of The Bahamas (the Commission) has been formally notified of the BISX Listing Committee’s decision.

The decision of the BISX Listing Committee will become effective on Wednesday, July 28, 2010 following a 14 business day notice and response period afforded to FCC, unless postponed by the Commission. Pursuant to the BISX Rules, BISX has provided notice to FCC of the decision to cancel the listing and an opportunity to respond to the actions taken by the BISX Listing Committee.

In addition to this press release, BISX will provide public notice of this determination on the BISX website, and this Notice will remain posted on the BISX website until the cancellation of listing is effective.

For additional information from BISX, please contact:

Mr. Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

PRESS RELEASE – FOR IMMEDIATE PUBLICATION

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS SUCCESSFULLY LISTS US$300 MILLION BOND NOTES ON THE BAHAMAS INTERNATIONAL SECURITIES EXCHANGE (BISX)

Friday, June 18, 2010

The Bahamas International Securities Exchange (BISX) announced today that the Government of The Commonwealth of The Bahamas has successfully completed the secondary listing process for its US$300 Million 6.950% Notes due 2029 (“the Notes”). As a result, the Notes have been added to the roster of securities listed on the Exchange. The Notes will be listed on BISX under the symbol BAH29.

The Notes will maintain a Secondary Listing status on the Exchange, with the primary listing for the Notes being on the Luxembourg Stock Exchange, therefore, the Notes will not trade over BISX. As is customary with Secondary Listings, the primary responsibility for regulatory reporting matters will rest with the Luxembourg Stock Exchange.

Ian Fair, BISX’s Chairman commented on the Government listing stating, “This is a very positive move on the part of the Government and we are grateful for their support of BISX. This is a goal we have had for a long time and is another milestone achieved in our development”

Speaking about the listing Keith Davies, the BISX Chief Executive noted: “We believe that this is a very positive step for the Exchange, we have a long held belief that Bahamas Government Registered Stock (BGRS) should be listed on what is effectively the national stock exchange of The Bahamas.”

This listing also represented the first BISX listing to take place under Section 9 of the BISX Rules – Secondary Listings. Speaking about the Secondary Listing Facility of BISX, Mr. Davies noted: “I believe that our Secondary Listing Facility is an interesting option for a certain type of security, specifically securities that are listed on another exchange but that wish to retain ties to The Bahamas. Securities listed in this fashion would be primarily regulated by their primary exchange, the securities would not be traded over the exchange, rather BISX would report the securities’ closing price from their primary listed exchange.”

Mr. Davies went on to note: “One of the things that we have tried to develop at BISX is offering a variety of listing options that meet the varied needs of issuers in our market. We are excited by this first ever debt listing by the Government of The Commonwealth of The Bahamas, and we eagerly await the day when all Bahamian Government debt is listed and traded in The Bahamas on BISX.”

NOTE: Attached to this message is the BISX Formal Notice for the Government of The Commonwealth of The Bahamas Notes. 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:

Holland Grant

BISX Listing Manager

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 with effect from April 19, 2010 BISX has been designated by the United Kingdom’s HM Revenue and Customs (HMRC) as a “recognised stock exchange” under section 1005 (1) (b) of the Income Tax Act 2007. As a result of this development, securities admitted to trading and listed on BISX will meet the HMRC interpretation of ‘listed’ as set out in Section 1005 (3) (a) and (3) (b) Income Tax Act 2007. Under this designation, BISX will also be regarded as a recognised stock exchange for Inheritance Tax purposes.

BISX attained this designation after undergoing a rigorous application process that involved the Exchange satisfying HMRC that BISX met the requirements set out by HMRC in order to be designated as a recognised stock exchange. Speaking about the designation of BISX, BISX Chairman, Ian Fair noted: “I am very pleased that BISX has satisfied the requirements of HMRC in order to be designated as a recognised stock exchange. I believe that this is a significant achievement for BISX that sends a strong message to the international community that BISX is an organization that maintains rules, operating procedures and standards that are acceptable to the international community.”

The BISX Chief Executive Officer, Keith Davies also commented on the HMRC designation stating, “May 2010 marked the tenth year of market operations for BISX and our Company continues to make positive strides in the development of capital markets in The Bahamas. We realize that no stock exchange operates in a vacuum, therefore, it is important to ensure that your regulatory regime remains acceptable both within and outside of your jurisdiction.”

Mr. Davies continued by stating, “BISX is also presently pursuing other international recognitions that we believe will add value to the Exchange and to our membership, and we will continue to keep the Bahamian capital markets informed as we add new recognitions that may assist the country in remaining internationally competitive.”

The BISX CEO also explained that the HMRC designation as a recognised stock exchange will permit the Exchange to attract new business streams in the form of mutual fund listings and other specialized product listings that would benefit from being listed on an Exchange with the HMRC designation.

To view a copy of the HMRC announcement, please visit:

http://www.hmrc.gov.uk/fid/bis-news.htm

For additional information from BISX, please contact:

Mr. Holland Grant, BISX

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2010 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three month period ending March 31, 2010 with comparison to the same period of 2009.

BISX ALL SHARE INDEX

For the three month period ending March 31, 2010 the BISX All-Share Index closed at 1,596.62. This represents a year to date increase of 31.24 or 2.00%. By comparison, for the three month period ending March 31, 2009, the Index experienced a decrease of 103.35 or -5.00%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 31, 2010 the market was comprised of 24 primary market listings with a market capitalization of $3.079 Billion. The primary market securities traded over BISX include 19 common share listings, 1 preference share listing and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 3 month period January to March 31 2010, most equity markets have experienced increases as indicated by the chart below:

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

December 31, 2009 1,010.334 1,115.10 5,412.88 1,565.32

March 31, 2010 989.469 1,169.43 5,679.64 1,596.62

Percentage Change (+/-) 2.1% 4.9% 4.9% 2.0%

MSCI refers to the MSCI Emerging Market Index

S&P 500 refers to the S&P 500 Index

FTSE 100 refers to the FTSE 100 Index

BISX All Share refers to the BISX All Share Index

TRADING VOLUMES AND VALUES

Trading volume for the three month period ending March 31, 2010 was 6,673,918 shares for a value of $85,392,191.13. The trading volume for the three month period ending March 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. Removing this transaction from the Q1, 2010 statistics results in 719,318 shares trading for a value of $5,421,913.13. By comparison, trading volume for the three month period ending March 31, 2010 of 2009 was 618,337 shares for a value of $3,354,864.49. Excluding the CAB trade, trading volume for Q1, 2010 increased by 100,981 shares or 16.3% over the same period of 2009, the value of shares traded for the Q1, 2010 period increased by $2,067,048.64 or 61.6%.

AVERAGE DAILY VOLUME AND VALUE

For the three month period ending March 31, 2010, excluding the CAB transaction, the average daily trading volume was 10,924 shares which equaled an average daily trading value of $84,460. During this three month period; March 2010 saw the highest average daily trading volume and value with 18,226 shares and $90,706 trading, respectively. By comparison, the three month period ended March 31, 2009 saw an average daily trading volume of 9,815 shares which equaled an average daily trading value of $53,251.

Month Avg. Vol. (2010) Avg. Vol. (2009) Avg. Val. (2010) Avg. Val. (2009)

January 9,182 13,390 $82,195 $67,447.05

February 5,365 5,309 $80,480 $34,372.94

March 18,226 10,498 $90,706 $56,864.44

Average for quarter 10,924 9,815 $84,460 $53,251.82

SHARE VOLUME AND VALUE LEADERS

The top five share volume leaders on BISX for the three month period ending March 31, 2010 with their contribution to total traded volume displayed in brackets were:

SYMBOL TRADE VOLUME % OF VOLUME

CAB 5,977,251 (89.6%)

FCLB 196,773 (2.9%)

FCL 167,204 (2.5%)

AML 89,734 (1.3%)

CWCB 84,668 (1.3%)

The top five share value leaders for the three month period ending March 31, 2010 with their contribution to total traded value displayed in brackets were:

SYMBOL TRADE VALUE % OF TRADE VALUE

CAB $80,232,706.59 (94.0%)

FBB15 $1,751,000.00 (2.1%)

CBL $1,127,458.37 (1.3%)

FCL $939,717.21 (1.1%)

CIB $382,337.11 (0.4%)

For Additional Information Contact

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

BISX is pleased to announce its annual and quarterly BISX All Share Index and trading statistics for the period ending December 31, 2009 with comparison to 2008.

BISX ALL SHARE INDEX

For the year ending December 31, 2009, the BISX All Share Index closed at 1565.38, which represented a year to date decrease of 146.98 points or 8.58%, for the comparable period of 2008, the BISX All Share Index closed at 1712.36, which represented a year to date decrease of 354.39 points or 17.15%. The BISX All Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities. As at December 31, 2009 the market was comprised of 24 primary market listings with a market capitalization of $3.02 billion. By comparison as at December 31, 2008 the market was comprised of 24 primary market listings with a market capitalization of $3.30 billion. The current primary market securities traded over BISX include 19 common share listings, 1 preference share listing and 4 tranches of debt.

For the quarter, October 1, 2009 to December 31, 2009, the BISX All Share Index increased 63.17 points or 4.24%, by comparison for the period October 1, 2008 to December 31, 2008 the BISX All Share Index decreased 124.25 points or 6.76%.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January to December 2009, the BISX All Share Index was out performed by many of the other international Indices as indicated by the chart below:

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

December 31, 2008 567.04 903.25 4434.20 1712.36

December 31, 2009 989.47 1115.10 5412.90 1565.38

Percentage Change (+/-) 74.50% 23.45% 22.07% -8.58%

TRADING VOLUMES AND VALUES

Trading volume for the year 2009 was 4,917,460 shares for a value of $26,694,452.89 This compares to trading volume for the year 2008 which was 9,623,219 shares for a value of $71,553,233.87. The trading volume for 2008 includes a 5 million share trade for a value of $41,000,000 which was carried out in September 2008 for ICD Utilities Limited (ICD). Removing this large transaction from the full year statistics results for 2008, results in a trade volume of 4,623,219 shares and a trade value of $31,553,233.87 for the year 2008.

For the quarter, October 1, 2009 to December 31, 2009, 2,324,495 shares traded for a value of $12,291,932.15. During the comparable period of 2008, 1,031,058 shares traded for a value of $6,948,437.50. The average quarterly volume during the 6 year period October – December 2004 – 2009 was 1,549,397.17 shares for a trade value of $8,750,577.80.

SHARE VOLUME AND VALUE LEADERS

The top five share trade volume leaders on BISX for the twelve month period ending December 31, 2009 with their contribution to total volume displayed in brackets were:

SYMBOL VOLUME % of VOLUME

CBL 1,133,543 (23.1%)

FCL 638,104 (13.0%)

AML 637,279 (13.0%)

FCLB 343,668 (7.0%)

CIB 336,472 (6.8%)

The top five share trade value leaders for the twelve month period ending December 31, 2009 with their contribution to total value displayed in brackets were:

SYMBOL VALUE % of VALUE

CBL $6,758,687.80 (25.3%)

CIB $3,400,731.62 (12.7%)

FCL $2,994,119.74 (11.2%)

CAB $2,619,525.59 (9.8%)

FIN $1,953,053.51 (7.3%)

For Additional Information Contact:

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com