J A M A I C A S T O C K E X C H A N G E. Providing A Fair, Efficient and Transparent Stock Market JSE GOES GLOBAL

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1 J A M A I C A S T O C K E X C H A N G E Providing A Fair, Efficient and Transparent Stock Market JSE GOES GLOBAL

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3 J A M A I C A S T O C K E X C H A N G E Providing A Fair, Efficient and Transparent Stock Market 1 Jamaica Stock Exchange Year Book 25

4 J A M A I C A S T O C K E X C H A N G E Providing A Fair, Efficient and Transparent Stock Market CONTENT Year in Review 25 3 Economic Highlights and Stock Market Performance STOCK 6 A Five Year History of Trading Activity MARKET 1 MonthEnd Stock Price Quotations ACTIVITY 16 YearEnd Stock Price Quotations 18 YearEnd Corporate Bond Quotations 19 Annual High & Low Stock Prices STOCK 22 Monthly Volumes and Value MARKET 23 Monthly Index & Trading Averages DATA 24 Top Twenty Companies: By Market Capitalization, Volume and Value 27 Twenty Most Active Stocks for Block Transactions For A Five Year History of Dividend Summary 29 Bonuses, Splits and New Issues: A Five Year History COMPANY 3 Corporate Data: Issued Capital, Par Value and Due Dates PROFILES & 31 Top Twenty Companies: By Sales, PreTax Profit and AfterTax Profit PERFORMANCE 34 Corporate Profit Profile: 24 vs Monthly Trading Volume and Values 45 Understanding Terms and References 47 Corporate Information and Financial Data JSE DATA 112 Listing Fees and Trading Charges 114 JSE Statement of Corporate Governance Principles 117 JSE Stockbrokerages & Contact Information 119 Index to Advertisers 12 JSE Board Members Profile The Jamaica Stock Exchange Yearbook is published annually by the Jamaica Stock Exchange, 4 Harbour Street, P.O.Box 184, Kingston, Jamaica. Telephone: (876) /Fax: Visit us at: Copies of the Book may be obtained by contacting the Jamaica Stock Exchange. Editor: Yvonne GrinamNicholson/Cover Design & Book Layout: Richard Paisley Jamaica Stock Exchange Year Book 25 2

5 A REVIEW OF STOCK MARKET ACTIVITY IN 25 Economic Overview Notwithstanding the many challenges during the year, the economy remained relatively stable. Recent Hurricanes Dennis and Emily in addition to the increase in oil prices and crime, significantly affected some of the industries, the major ones being agriculture and tourism. In 25, the Jamaican dollar devalued against the US dollar by 4.72% to end the year at J$64.54 to US$1. However, Net International Reserves increased by 12% to $2.9 billion for the period January to November 25, while inflation was recorded at 12.8% for the same period. As at December 21, 25, the 182day treasury bill rate was 13.55%, which is a 1% reduction when compared to 24 year end 18day treasury bill rate reported at 14.3%. The Indices Though the economy progressed with declining interest rates, stable foreign exchange and positive performances by many of the listed companies, there were challenges in the equities market, which was expressed in the decline of all three indices. The JSE Index closed the year at 14,51.38 points, declining by 8, points or 7.23% below 24's closing index. The All Jamaican Composite Index declined by 11, points or 9.7% to close the year at 14, points and the JSE Select Index depreciated by points or 9.98% to close at 2, points. Figure 1 details the closing monthend values for the JSE Index in 25 and 24. The chart illustrates that from October to December the Index recorded values lower than those of 24. Figure 1. JSE Index MonthEnd Values 25 vs 24 P o in t s 13,. 12,. 11,. 1,. 9,. 8,. 7,. Jan Feb Mar Apr May June July Months Aug Sep O ct Nov Dec 25 JSE Index 24 JSE Index Trading Activity Market capitalization ended 25 at $ billion which was a decline of $39 billion or 4.48% when compared with the figures from 24. In 25, there were 252 trading days during which over 1.9 billion ordinary units valued at over $26 billion, crossed the floor. In comparison to 24's figures, total ordinary volume and value decreased by 1.3 billion units or 41% and $2.5 billion or 8.6%, respectively. The total volume traded, including block transactions, was 2.49 billion units valued at over $4 billion. 25 ended with thirtyeight ordinary stocks traded of which, fourteen companies advanced and the other twenty four declined. The top advancing company for the 25 was Seprod Limited with 31.69% followed by Trinidad Cement Limited with 31.25%. Dyoll Group Limited experienced the largest price depreciation of 88.86% for the year. Detailed in Table 1 are the top ten winners and losers determined by price movement for 25. The company with the highest traded volume for the year was Pan Caribbean Financial Services Limited with over 467 million units traded valued at over $14 billion followed by Cable & Wireless Jamaica Limited with over 323 million units traded valued at over $496 million. 3 Jamaica Stock Exchange Year Book 25

6 A REVIEW OF THE STOCK MARKET ACTIVITY IN 25 Table 1. WINNERS % LOSERS % Seprod Limited Dyoll Group Limited (88.86) Trinidad Cement Limited Salada Foods Limited (49.95) Desnoes & Geddes Limited 27.5 Hardware & Lumber (39.7) Kingston Wharves Berger Paints (Ja.) Limited (33.33) Courts (Ja.) Limited Capital & Credit Merchant Bank (29.69) Lascelles, demercado Pan Caribbean Financial Services (28.74) Carreras Group Limited 12.5 Caribbean Cement Limited (26.36) Ciboney Group Limited 12.5 GraceKennedy Limited (25.89) Radio Jamaica Limited 7.55 First Caribbean Intl Bank (Ja.) (18.14) Dehring, Bunting & Golding 4.65 Jamaica Producers Group (17.83) Market Developments The JSE started the year with 4 listed companies and ended with 41 as a result of the new listing of Mayberry Investment Limited on April 21, 25. Three companies offered Rights Issues in 25. This was two more than in 24. Hardware & Lumber Limited offered a Rights Issue of 13,473,598 shares, which was oversubscribed, causing the Company to realize the full amount of $35 million at the share offer price of $26. per stock unit. Guardian Holdings Limited also offered a Rights Issue of one new ordinary share for every nineteen ordinary shares held at an issue price of TT$4. per share raising TT$41 million. Capital & Credit Merchant Bank Limited (CCMB) raised over $1 billion from a renounceable Rights Issue of 52,359,682 ordinary shares of $.5 each at $2.5. CCMB was the first company to have its Rights Issue trade on the Jamaica Stock Exchange. On February 15, 25, Dyoll Group Limited was suspended from trading on the JSE for failure to provide material information. The Company resumed trading almost eight months later on October 11, 25. As in 24, thirtyfour companies paid dividends in 25. COVER CAPTION JSE GOES GLOBAL: In a historic moment, Prime Minister, The Rt. Hon. P.J. Patterson (center), rings the ceremonial bell, at the New York Stock Exchange to open trading on the the stock market there. The event, organized by the Jamaica Stock Exchange, is part of a strategy to signal to the international market that the JSE is open for business. The Prime Minister is flanked by representatives of the Jamaica Stock Exchange and the New York Stock Exchange (NYSE). In photo from (lr) are: Mark Berry (COO of Mayberry Investments Ltd).; Noreen Culhane, NYSE, Vice President Global Corporate Client Group; Roy Johnson, JSE's Executive Chairman; Harold E. Doley III, Principal, Lugano Group; Catherine Kinney, NYSE President & Co COO; Leo Williams, Director, JMMB Securities Ltd.; Hon. Prof. Gordon Shirley, Jamaica's Ambassador to the U.S,; Hon. Aloun Assamba, Minister of Industry & Tourism; Christopher Berry, Chairman of Mayberry Investments Ltd.; Mrs. Marlene Street, General Manager of the JSE and Amir Mireskandari, Principal, Lugano Gp. Photo credit, Mel Nudelman, NYSE Jamaica Stock Exchange Year Book 25 4

7 ,5 11,5 1,5 9,5 8,5 7,5 6,5 5,5 4,5 3,5 2,5 1,5 5 YearEnd Stock Market Index ( ) 5 Jamaica Stock Exchange Year Book 25

8 MARKET ACTIVITY A Five Year History TRADING VALUE (JA$'s) BANK OF NOVA SCOTIA BERGER PAINTS CABLE & WIRELESS (JA.) CAPITAL & CREDIT MERCHANT BANK CARIBBEAN CEMENT COMPANY CARRERAS GROUP CIBONEY GROUP CMP INDUSTRIES COURTS (JAMAICA) DEHRING, BUNTING & GOLDING DESNOES & GEDDES DYOLL GROUP FIRST CARIBBEAN INTERNATIONAL FIRST CARIBBEAN INT L JAMAICA FIRST JAMAICA INVESTMENTS GLEANER COMPANY GOODYEAR (JAMAICA) GRACEKENNEDY LIMITED GUARDIAN HOLDINGS LTD HARDWARE & LUMBER ISLAND LIFE INSURANCE + JAMAICA BROILERS GROUP JAMAICA MONEY MARKET BROKERS JAMAICA PRODUCERS GROUP KINGSTON WHARVES LASCELLES de MERCADO LIFE OF JAMAICA MAYBERRY INVESTMENTS MONTEGO BAY ICE COMPANY MONTEGO FREEPORT NCB GROUP + NATIONAL COMMERCIAL BANK LTD PALACE AMUSEMENT PAN CARIB FINANCIAL SERVICES LIMITED PAN JAM INVESTMENTS PEGASUS HOTELS RADIO JAMAICA RBTT FINANCIAL HOLDINGS SALADA FOODS SEPROD GROUP TRINIDAD CEMENT LTD TOTAL ORDINARY VALUE 3,641,821 3,532, , ,17 611,194 56,289 67,76 37,749 37,565 35, ,31 93, ,13 392, , ,924 1,758, , , ,482 5,69 34,65 3, , , , , ,225 3,77 15,479 3,857 4,495 1, ,511 5, , ,518 7,521, , ,885 65,379 1,225,568 2,22, , , ,93 1,95,418 39,135 3,43, ,147 23,85 14,13 1,132, ,621 68,15 25,43 6,72 64,733 3,362 17,88 24,363 23,463 87,49 236,324 31,127 25, , ,16 117,772 19,8 189,44 391,7 223,2 121,664 95,22 131,816 34,643 64,954 13,339 21,89 26,529 1,652,12 2,394,214 1,168,959 1,962,412 26,212 72,975 13,978 69,488 19,45 55,829 19,59 31, ,326 1,321 4,816 1,551,49 2,9 3, ,58 759, ,64 324, , , ,124 8,67,994 43,2 634,536 48, ,321 29,9 656, , ,281 76,263 6,454 3,487,36 1,537, ,54 36, ,865 1,883,459 1,782,177 1,391,63 222, ,188 1,786, , ,875 82,718 11,299 6,75 2,741 2,128,99 3,13,791 1,95,94 299, , ,554 1, ,21 14,771, ,61 184,38 33,929 56,478 1,37,61 1,552,32 133,774 9, ,129 7,73 46,91 3,474 1,767 1, , , ,223 72,776 3,964 53, , ,922 79,572 32,466 4,239 5,35 29,93 37,623 5,979 21, , ,12 237,358 66,835 38,76 9,114 22,222 7,237 2,19 4,745,834 35,992,783 24,235,922 7,448,314 5,944,456 Jamaica Stock Exchange Year Book 25 6

9 MARKET ACTIVITY A Five Year History TRADING VALUE (JA$'s) * CABLE & WIRELESS (JA) 5.5% 6 3 CABLE & WIRELESS (JA) 6% 1 2 JAMAICA LIVESTOCK ASSN. 7.5% 774 2,21 1,397 5,481 3,857 JAMAICA PUBLIC SERVICE 5% C 2 1 JAMAICA PUBLIC SERVICE 5% D JAMAICA PUBLIC SERVICE 6% JAMAICA PUBLIC SERVICE 7% LASCELLES de MERCADO 6% UNION BANK 2% 5,8 2 UNION BANK 25% 51,3 43 TOTAL PREFERENCE+BOND VALUE 831 2,71 1,416 62,615 3,92 TOTAL VALUE Annual % Change 4,746, % 35,994, % 24,237, % 7,636, % 5,948,358 US$ DENOMINATED SECURITIES UNION BANK CCR (PREF.) 125,95 * Market Value includes Block Transactions 7 Jamaica Stock Exchange Year Book 25

10 MARKET ACTIVITY A Five Year History TRADING VOLUME ('s) BANK OF NOVA SCOTIA BERGER PAINTS CABLE & WIRELESS (Ja.) CAPITAL & CREDIT MERCHANT BANK CARIBBEAN CEMENT COMPANY CARRERAS GROUP CIBONEY GROUP CMP INDUSTRIES COURTS (Ja.) DEHRING, BUNTING & GOLDING DESNOES & GEDDES DYOLL GROUP FIRST CARIBBEAN INTERNATIONAL FIRST CARIBBEAN INT L JAMAICA FIRST JAMAICA INVESTMENTS GLEANER COMPANY GOODYEAR (JAMAICA) GRACEKENNEDY LIMITED GUARDIAN HOLDINGS LTD HARDWARE & LUMBER ISLAND LIFE INSURANCE + JAMAICA BROILERS GROUP JAMAICA MONEY MARKET BROKERS JAMAICA PRODUCERS GROUP KINGSTON WHARVES LASCELLES de MERCADO LIFE OF JAMAICA MAYBERRY INVESTMENTS MONTEGO BAY ICE COMPANY MONTEGO FREEPORT NCB GROUP + NATIONAL COMMERCIAL BANK Ja. LTD PALACE AMUSEMENT PAN CARIBBEAN FINANCIAL SERVICES PAN JAM INVESTMENTS PEGASUS HOTELS RADIO JAMAICA RBTT FINANCIAL HOLDINGS SALADA FOODS SEPROD GROUP TRINIDAD CEMENT LTD UNION BANK + WEST INDIES PULP & PAPER + WORKERS BANK + TOTAL ORDINARY VOLUME 132,618 11, ,534 25,383 34,488 18,875 4, ,51 51, ,19 7, ,269 18, ,98 3,83 14, ,9 162,491 3,559 11,17 127,47 12,91 166,64 312, ,715 18, ,333 2, ,662 1, , ,497,48 75,85 12, ,4 15,524 55,667 2, , ,54, ,376 59,339 57, ,98 26, ,133 6,3 24, ,82 252,529 47,444 19,915 52,41 11, , , , ,95 38,545 5, , ,536 1,326 5,192,864 39,18 1, ,91 83,712 18,437 12,64 39,57 16,846 84,221 35,241 64,936 22, ,479 1,337 77,668 2,615 26, , ,62 17,299 1,31,283 2, ,231 4, ,764 1,756 11, , ,182 8,568 1,148 33,555 1,14 2,14 23, ,289,73 34,648 7, ,692 11,338 19,15 73, ,21 26,769 52,741 9, ,145 1,23 45,286 3,326 55, ,21 2, ,681 6,893 84, ,882 48,36 9 6,519 6, , ,24 43, ,556,748 41,94 9,426 13,275 11,4 8,813 6,334 1,445 27,54 32,37 44,235 4, ,143 27,87 63,7 3,642 11, ,33 5,953 5,94 3,8 42, ,141 85, ,657 22,62 1,62 14, , ,69,55 2,841,497 Jamaica Stock Exchange Year Book 25 8

11 MARKET ACTIVITY A Five Year History (Cont d.) TRADING VOLUME ('s) CABLE & WIRELESS (Ja.) 5.5% 11 3 CABLE & WIRELESS (Ja.) 6% 2 2 JAMAICA LIVESTOCK ASSN. 7.5% 436 1,57 1,334 5,194 3,584 JAMAICA PUBLIC SERVICE 5% C JAMAICA PUBLIC SERVICE 5% D JAMAICA PUBLIC SERVICE 6% 45 7 JAMAICA PUBLIC SERVICE 7% LASCELLES de MERCADO 6% UNION BANK 2% 1, UNION BANK 25% 3, TOTAL PREFERENCE+BOND VOLUME 589 1,697 1,35 45,291 3,616 TOTAL VOLUME 2,497,997 5,194,561 4,29,423 1,64,59 2,845,113 Annual % Change 51.91% 21.7% % 43.6% 56.56% US$ DENOMINATED SECURITIES 3 29 UNION BANK CCR (PREF.) 2,551 * Market Volume includes Block Transactions 9 Jamaica Stock Exchange Year Book 25

12 MONTHEND STOCK PRICE 25 Ordinary Shares January February March April May BANK OF NOVA SCOTIA BERGER PAINTS LTD CABLE & WIRELESS (JA.) LTD CAPITAL & CREDIT MERCHANT BANK CARIB. CEMENT CO CARRERAS GROUP CIBONEY GROUP LTD C.M.P. INDUSTRIES COURTS JAMAICA DEHRING BUNTING & GOLDING DESNOES & GEDDES DYOLL GROUP FIRST CARIBBEAN INTERNATIONAL BANK FIRST CARIBBEAN INTER. BANK JAMAICA FIRST JAMAICA INVESTMENTS GLEANER COMPANY GOODYEAR JAMAICA GRACEKENNEDY LTD GUARDIAN HOLDINGS LTD HARDWARE & LUMBER JA. BROILERS' GROUP JAMAICA MONEY MARKET BROKERS JA. PRODUCERS' GROUP KINGSTON WHARVES LASCELLES DEMERCADO LIFE OF JAMAICA MAYBERRY INVESTMENTS MONTEGO BAY FREEPORT MONTEGO BAY ICE NATIONAL COMMERCIAL BANK JA PALACE AMUSEMENT PAN CARIBBEAN FINANCIAL SERVICES PANJAM. INVEST PEGASUS HOTELS RADIO JAMAICA RBTT FINANCIAL HOLDINGS LIMITED SALADA FOODS JA SEPROD GROUP LTD TRINIDAD CEMENT COMPANY Jamaica Stock Exchange Year Book 25 1

13 11 MONTHEND STOCK PRICE 25 June July August September October November December Jamaica Stock Exchange Year Book 25

14 MONTHEND STOCK PRICE 25 Preference Shares CWJA 5.5 % CWJA 6 % Jamaica Livestock Association 7.5% J.P.S 5% C J.P.S 5% D J.P.S 6% J.P.S 7% Las dem 15% Las dem 6% PAN JAM 1% CCR January February March April May Jamaica Stock Exchange Year Book 25 12

15 MONTHEND STOCK PRICE 25 June July August September October November December Jamaica Stock Exchange Year Book 25

16 Jamaica Stock Exchange Year Book 25 14

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18 YearEnd Closing Stock Price Quotation ORDINARY SHARES BANK OF NOVA SCOTIA BERGER PAINTS CABLE & WIRELESS (JAMAICA) LTD. CAPITAL AND CREDIT MERCHANT BANK CARIBBEAN CEMENT COMPANY CARRERAS GROUP CIBONEY GROUP CMP INDUSTRIES COURTS DEHRING BUNTING & GOLDING DESNOES & GEDDES DYOLL GROUP FIRST CARIBBEAN INTERNATIONAL BK FIRST CARIBBEAN INTERNATIONAL BK JA. FIRST JAMAICA INVESTMENT GLEANER COMPANY GOODYEAR JAMAICA GRACEKENNEDY LIMITED GUARDIAN HOLDINGS LTD. HARDWARE & LUMBER JAMAICA BROILERS GP. JAMAICA MONEY MARKET BROKERS JAMAICA PRODUCERS GROUP KINGSTON WHARVES LASCELLES DEMERCADO & CO LIFE OF JAMAICA MAYBERRY INVESTMENTS MONTEGO FREEPORT MONTEGO BAY ICE NATIONAL COMM. BANK JAMAICA PALACE AMUSEMENT PAN CARIBBEAN FINANCIAL SERVICES PAN JAM INVESTMENT PEGASUS HOTELS RADIO JAMAICA RBTT FINANCIAL HOLDINGS LTD. SALADA FOODS SEPROD GROUP TRINIDAD CEMENT LTD. WI PULP & PAPER + Last 25 Sale Price BID ASK Last 24 Sale Price BID ASK Last 23 Sale Price BID ASK Last 22 Sale Price BID ASK Last 21 Sale Price BID ASK Jamaica Stock Exchange Year Book 25 16

19 . YearEnd Closing Stock Price Quotation PREFERENCE SHARES CABLE & WIRELESS (Ja.) 5.5% CABLE & WIRELESS (Ja.) 6% JAMAICA LIVESTOCK ASSOCIATION 7.5% JPS 5% C JPS 5% D JPS 6% JPS 7% LASCELLES de MERCADO 15% LASCELLES de MERCADO 6% PAN JAM 1% CCR Last 25 Sale Price BID ASK Last 24 Sale Price BID ASK Last 23 Sale Price BID ASK Last 22 Sale Price BID ASK Last 21 Sale Price BID ASK Jamaica Stock Exchange Year Book 25

20 YearEnd Corporate Bond Quotation US$ DENOMINATED SECURITIES 25 Last Sale Price BID ASK 24 Last Sale Price BID ASK 23 Last Sale Price BID ASK 22 Last Sale Price BID ASK BELIZE GOV. MRTG N 1% BELIZE GOV. MRTG N 1.5% BELIZE GOV. MRTG N 11.5% BELIZE GOV. MRTG N 12% CITIZENS BANK CCR DOMINICA SERIES A DOMINICA SERIES A LUCELEC NEVIS BOND NEVIS 1.5% BOND UNION BANK CCR Last Sale Price BID ASK Jamaica Stock Exchange Year Book 25 18

21 ANNUAL HIGH AND LOW STOCK PRICES ORDINARY SHARES 25 HIGH LOW 24 HIGH LOW 23 HIGH LOW 22 HIGH LOW 21 HIGH LOW Bank of Nova Scotia (Ja.) Ltd Berger Paints (Ja.) Ltd Cable & Wireless (Ja.) Ltd Capital & Credit Merchant Bank Caribbean Cement Co. Ltd Carreras Group Ltd Ciboney Group Ltd CMP Industries Ltd Courts (Ja.) Ltd Dehring, Bunting & Golding Ltd Desnoes & Geddes Ltd Dyoll Group Ltd First Caribbean International First Caribbean International Jamaica First Jamaica Investment Ltd Gleaner Co. Ltd Goodyear (Ja.) Ltd GraceKennedy Ltd Guardian Holdings Ltd Hardware & Lumber Ltd Island Life Insurance Co. Ltd Jamaica Broilers Group Ltd Jamaica Money Market Brokers Ltd Jamaica Producers Go. Ltd Kingston Wharves Ltd Lascelles de Mercado Ltd Life of Jamaica Ltd Mayberry Investments Ltd Montego Bay Freeport Ltd Montego Bay Ice Ltd National Commercial Bank Ja. Ltd Palace Amusement Ltd Pan Caribbean Financial Services Pan Jam Investment Pegasus Hotels of Ja. Ltd Radio Jamaica Ltd RBTT Financial Holdings Salada Foods Ltd Seprod Group Ltd Trinidad Cement Ltd Jamaica Stock Exchange Year Book 25

22 ANNUAL HIGH AND LOW STOCK PRICES PREFERENCE SHARES Union Bank 2%* Union Bank 25%* C & W Ja Ltd. 5.5% C & W Ja Ltd. 6% Jamaica Livestock Association 7.5% JPS 5% JPS 6% JPS 7% Lascelles Group 15% Lascelles Group 6% 25 HIGH LOW HIGH LOW HIGH LOW HIGH LOW HIGH LOW US $ DENOMINATED SECURITIES 25 HIGH LOW 24 HIGH LOW 23 HIGH LOW 22 HIGH LOW 21 HIGH LOW BEL GOV MRTG N 1 BEL GOV MRTG N 1 BEL GOV MRTG N 11 DOMINICA SERIES A DOMINICA SERIES B LUCELEC NEVIS BOND NEVIS 1.5% BOND UNION BANK CCR Monthly Transactions 25/24 No. of Transactions 16, 15,5 15, 14,5 14, 13,5 13, 12,5 12, 11,5 11, 1,5 1, 9,5 9, 8,5 8, 7,5 7, 6,5 6, 5,5 5, 4,5 4, 3,5 3, 2,5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Month Jamaica Stock Exchange Year Book 25 2

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24 STOCK MARKET DATA MONTHLY TRADING VOLUME ('s) units* JANUARY 461,69 836, ,31 14,37 47,62 FEBRUARY 22, , ,56 55,255 33,877 MARCH 256,65 2,321,41 265, ,13 74,94 APRIL 579, , , ,89 65,88 MAY 151, , , ,1 2,129,915 JUNE 135, ,392 78,478 64, ,683 JULY 82, , , ,812 74,54 AUGUST 12,26 134,427 1,27,234 1,394 59,932 SEPTEMBER 23, ,99 166,37 17,896 48,854 OCTOBER 78,293 25, ,236 83,63 61,747 NOVEMBER 84,79 143,344 15,522 29,885 39,891 DECEMBER 159, , ,778 87,386 69,635 YEAR 2,498,28 5,194,557 4,29,432 1,64,59 2,845,2 ANNUAL CHANGE 51.91% 21.7% % 43.6% 39.44% * Including block transactions MONTHLY TRADING VALUE (JA$'s)* JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER YEAR ,921,576 2,412,64 2,831,97 462, ,47 3,314,83 1,963,198 2,956, ,14 149,496 3,792,94 1,157,881 1,368, , ,78 9,84,193 4,298, , , ,131 2,55,13 3,429, , ,61 2,589,94 1,827,457 1,667, , , ,716 1,275,76 1,534,241 6,465,871 65, ,96 1,196,36 1,561,9 3,837,5 634,59 282,557 1,718,225 1,825,115 1,17,915 1,47, ,827 91,211 1,994,394 1,421, ,455 2,6 851,579 2,468,24 738, ,349 23,523 2,638,185 2,682,494 1,523, , ,755 4,746,681 35,994,862 24,237,329 7,636,878 5,948,36 ANNUAL CHANGE 13.2% 48.51% % 28.39% 72.86% * Including block transactions Jamaica Stock Exchange Year Book 25 22

25 STOCK MARKET DATA JSE STOCK MARKET INDEX MONTH JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER YEAR END CHANGE , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,3.6 38, , , , , , , , , , , , , ,.86 6, , , , , , , , , , , , , % 66.68% 48.88% 34.17% 17.11% MONTHLY TRADING AVERAGES MONTHLY TRADING HIGHLIGHTS, 25 * Month JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER YEAR Average Daily Average Daily JSE Index NO. OF Trading Days Transactions Transactions Volume(s) Value J$ (s) High Low Close 21 13, ,981 52,75 119, , , , ,64 174, , , , , ,219 18, , , , , , ,866 12, , , , , , , , , , ,161 83,66 114, , , , ,924 6,718 11, , , , ,648 54,378 17, , , , ,235 78,11 14, , , , ,915 45,61 13, , , , ,854 38,78 11, , , , , ,99 14, , , ,1 3,588 9, ,693 * Volume & Value include Block Transactions 23 Jamaica Stock Exchange Year Book 25

26 STOCK MARKET DATA Top Twenty Companies by Market Capitalisation as at December 3, 25 Top Twenty (2) Companies by Market Volume as at December 3, 25* Company FIRST CARIBBEAN INTERNATIONAL BANK RBTT FINANCIAL HOLDINGS LIMITED GUARDIAN HOLDINGS LTD. BANK OF NOVA SCOTIA NATIONAL COMMERCIAL BANK JAMAICA LTD. LIFE OF JAMAICA DESNOES & GEDDES GRACEKENNEDY LIMITED TRINIDAD CEMENT COMPANY JAMAICA MONEY MARKET BROKERS LASCELLES CARRERAS GROUP CAPITAL & CREDIT MERCHANT BANK PAN CARIBBEAN FINANCIAL SERVICES LTD FIRST JAMAICA INVESTMENTS CABLE & WIRELESS (JA) LTD COURTS JAMAICA PANJAM. INVESTMENT SEPROD GROUP LTD. CARIBBEAN CEMENT JA$() 187,896,254,268 14,749,239,48 72,612,17,64 65,862,72, 45,635,112,318 36,648,741,72 28,653,546,892 28,64,145,657 26,225,339,28 23,414,188,32 21,888,, 17,475,84, 13,248,, 13,66,33,525 13,5,5, 13,6,588,235 1,787,4, 9,535,717,785 8,262,366,688 8,85,797,614 Company JA$() PAN CARIBBEAN FINANCIAL SERVICES 467,332,926 CABLE & WIRELESS (JA) 323,533,839 MAYBERRY INVESTMENTS 312,87,533 LIFE OF JAMAICA 166,63,977 JAMAICA BROILERS GROUP 162,49,651 BANK OF NOVA SCOTIA 132,617,915 DESNOES & GEDDES 129,19,282 GLEANER COMPANY 127,98,122 KINGSTON WHARVES 127,469,747 NATIONAL COMMERCIAL BANK 18,69,136 COURTS JAMAICA 85,51,436 DEHRING BUNTING & GOLDING 51,144,815 CIBONEY GROUP 4,129,28 CARIBBEAN CEMENT COMPANY 34,488,147 JAMAICA MONEY MARKET BROKERS 3,558,624 CAPITAL & CREDIT MERCHANT BANK 25,383,1 RADIO JAMAICA 23,661,79 PANJAMAICAN INVESTMENT TRUST 2,393,875 CARRERAS GROUP 18,875,262 FIRST JAMAICA INVESTMENTS 18,298,716 *Includes Block Transactions Top Twenty (2) Companies by Market Value as at December 3, 25* Company JA$() PAN CARIBBEAN FINANCIAL SERVICES 14,771,842 BANK OF NOVA SCOTIA 3,641,82 LASCELLES de MERCADO 3,487,36 NATIONAL COMMERCIAL BANK 2,128,99 LIFE OF JAMAICA 1,883,458 MAYBERRY INVESTMENTS 1,786,324 GRACEKENNEDY LTD. 1,652,12 PAN JAM GROUP 1,37,61 DEHRING BUNTING & GOLDING 1,225,568 DESNOES & GEDDES 1,95,418 FIRST JAMAICA INVESTMENTS 882,726 JAMAICA BROILERS 853,58 CAPITAL & CREDIT MERCHANT BANK 714,924 KINGSTON WHARVES 656,554 CARRERAS 638,777 CABLE & WIRELESS (JAMAICA) 496,31 JAMAICA MONEY MARKET BROKERS 491,365 CARIBBEAN CEMENT COMPANY 468,24 JAMAICA PRODUCERS 43,2 GLEANER COMPANY 391,7 *Includes Block Transactions Jamaica Stock Exchange Year Book 25 24

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28 Jamaica Stock Exchange Year Book 25 26

29 STOCK MARKET DATA Twenty Most Active Stocks for 25 * Company No. of Transactions BANK OF NOVA SCOTIA JAMAICA 9,587 LIFE OF JAMAICA 6,919 MAYBERRY INVESTMENTS 5,833 NATIONAL COMMERCIAL BANK 5,84 JAMAICA BROILERS 5,83 DEHRING, BUNTING & GOLDING 3,556 CABLE & WIRELESS JAMAICA 3,5 JAMAICA MONEY MARKET BROKERS 2,99 PAN JAMAICAN INVESTMENT 2,962 CARIBBEAN CEMENT COMPANY 2,76 LASCELLES demercado 2,52 GRACEKENNEDY LIMITED 2,41 CAPITAL & CREDIT MERCHANT BANK 2,186 GLEANER COMPANY 2,99 DESNOES & GEDDES 2,7 CARRERAS GROUP 1,77 COURTS 1,46 RADIO JAMAICA 1,423 PAN CARIBBEAN FINANCIAL SERVICES 1,36 KINGSTON WHARVES 1,233 * Includes Block Transactions Block Transactions (25) Month NO. OF Volume Value % of Overall Market: Transactions ('s) Units Ja$('s) Volume Value JANUARY 4 24,586 6,634, % 6.75% FEBRUARY 3 21, , % 23.65% MARCH %.% APRIL 8 356,347 6,796, % 69.32% MAY %.% JUNE 16 6,158 65, % 3.56% JULY %.% AUGUST.%.% SEPTEMBER %.1% OCTOBER %.1% NOVEMBER.%.% DECEMBER ,43.59%.9% YEAR 39 59,27 14,283, % 35.5% 27 Jamaica Stock Exchange Year Book 25

30 DIVIDEND SUMMARY Ordinary (Ja. $ s) Bank of Nova Scotia Jamaica Ltd Berger Paints Jamaica Ltd Cable & Wireless Jamaica Ltd Capital & Credit Merchant Bank Ltd. Caribbean Cement Company Carreras Group Ltd Courts Jamaica Ltd Dehring, Bunting & Golding Ltd Desnoes & Geddes Dyoll Group Limited First Caribbean Bank Jamaica Ltd First Jamaica Investments Ltd. Gleaner Company Goodyear Jamaica Ltd GraceKennedy Ltd. Hardware & Lumber Jamaica Broilers Jamaica Livestock Association 7.5% Jamaica Money Market Brokers Jamaica Producers Group Kingston Wharves Lascelles de Mercado Life of Jamaica Montego Bay Ice Montego Freeport National Commercial Bank (Ja.) Ltd. Palace Amusement Pan Caribbean Financial Services PanJamaican Investment Trust Pegasus Hotels Radio Jamaica Salada Foods Seprod Group Total Dividend Payout $ $ $ $ $ 2,927,231 2,77,689 2,561,328 1,683,158 1,463,616 34,291 43,162 44,82 39,292 1,76,317 2,154,434 2,154,434 2,151,661 58,88 88,32 58,45 59,58 59,58 59,58 42,557 1,456,32 1,941,76 2,427,2 * 1,456,32 1,383,54 167,798 25, ,13 28,167 24,21 9,2 5,765 57,52 11,138 4,5 2,163,61 1,545,44 1,545,44 1,44, ,16 6,92 6,92 19,333 19,333 52,2 241, ,24 7,561 99,986 1, 8,645 68,368 7,62 59,786 48,916 29,7 29,7 53,46 41,58 41,68 326, ,918 21, ,65 116,26 21,558 4,52 9, 6, 137, ,924 64,956 * 59,964 57,822 4,39 4,39 4,39 4,39 4,39 263,411 15, ,834 * 75,96 45, , ,811 68,55 7,365 85,812 75,85 21,453 53,63 8,76 292,962 98,82 2,82 2,82 2,82 739, ,369 43,343 1,233 6,162 1,232 5,676 1,184,46 1,332,52 1,258,49 34,413 98, ,99 236,495 19,942 48,575 25, , ,235 55,78 72,289 44,598 12,17 16,41 15,97 9, ,9 13,28 13,28 86,67 82,624 1,793,873 1,825,747 12,537,149 7,965,324 6,765,612 Percentage Change (%) 1.57% 13.65% 57.4% 17.73% 15.21% * FirstCaribbean Int'l Bank Ltd. # Guardian Holdings # Trinidad Cement Ltd # Royal Bank of Trinidad & Tobago 56, % 13,7.2% 54, % 348, % 41, % 13, % 44,958.% 275, % 38,665 19, % 44,958 2.% 95, % N/A 68, % 37,465.% 24, % 3, % 61, % 37, % 173,512 # Dividend quoted in Trinidad & Tobago Dollars (TT$) * Dividend quoted in $US for 24, and in BDS$ for all previous years Jamaica Stock Exchange Year Book 25 28

31 Stock Bonus, Splits & New Listings COMPANY Bank of Nova Scotia 1 For 1 Berger Paints 1 For 2 Cable & Wireless Jamaica Ltd 1 For 17 1 For 13 Caribbean Cement Company Capital & Credit Merchant Bank New Carreras Group Courts Jamaica Ltd 1 For 2 1 For 3 Dehring, Bunting & Golding Limited 1 For 1 Desnoes & Geddes Gleaner Company 2 For 11 1 For 5 GraceKennedy 1 For 5 Guardian Holdings Ltd Jamaica Broilers 1 For 6 1 For 5 Jamaica Producers Group Jamaica Money Market Brokers New Kingston Wharves Ltd Mayberry Investments New Montego Freeport National Commercial Bank Jamaica Ltd 1 For 4 Pegasus Hotels 1 For 2 Radio Jamaica 1 For 4 RBTT Financial Holdings Ltd Seprod Group 1 For 5 1 For 4 Trinidad Cement Ltd 2 For 13 1 For 4 17 For 4 2 For 9 1 For 5 1 For 3 2 For 9 1 For 1 New 1 For 4 29 Jamaica Stock Exchange Year Book 25

32 CORPORATE DATA Due Date Issued Price Market Value Nominal Financial Audited for Company Capital Dec3 Capitalisation $ Value YearEnd Results BANK OF NOVA SCOTIA (JA.) BERGER PAINTS LTD CABLE & WIRELESS (JA.) LTD. CAPITAL & CREDIT MERCHANT BANK CARIB. CEMENT CO. CARRERAS GROUP CIBONEY GROUP LTD C.M.P. INDUSTRIES COURTS JAMAICA DEHRING BUNTING & GOLDING DESNOES & GEDDES DYOLL GROUP FIRST CARIBBEAN INTERNATIONAL BANK FIRST CARIBBEAN INTER. BANK JAMAICA FIRST JAMAICA INVESTMENTS GLEANER COMPANY GOODYEAR JAMAICA GRACEKENNEDY LTD. GUARDIAN HOLDINGS LTD. HARDWARE & LUMBER JA. BROILERS' GROUP JAMAICA MONEY MARKET BROKERS LTD JA. PRODUCERS' GROUP KINGSTON WHARVES LASCELLES DEMERCADO & CO. LIFE OF JAMAICA MAYBERRY INVESTMENTS MONTEGO BAY FREEPORT MONTEGO BAY ICE NATIONAL COMMERCIAL BANK JAMAICA LTD. PALACE AMUSEMENT PAN CARIBBEAN FINANCIAL SERVICES LTD PANJAM. INVEST. PEGASUS HOTELS RADIO JAMAICA RBTT FINANCIAL HOLDINGS LIMITED SALADA FOODS JA. SEPROD GROUP LTD. TRINIDAD CEMENT COMPANY TOTAL 2,927,232, 214,322,393 16,817,439, ,8, 851,136, ,44, 546,, 2,337,96 2,397,12, 33,194,744 2,89,171,264 6,921,714 1,525,131, ,333,332 33,5, 1,211,243,827 59,4, 327,53,95 21,7,474 8,842,23 1,199,276,4 1,463,386, ,24,6 1,72,649,578 96,, 3,716,91,925 1,21,149, ,65,69 6,161,51 2,466,762,828 1,437,28 537,77, ,376,687 12,165, ,976, ,29,828 1,388,33 516,397, ,765,136 46,193,664, ,862,72, 81,138,646 24,889,81,817 13,248,, 8,85,797,615 17,475,84, 49,14, 48,811,14 1,787,4, 6,821,881,74 28,653,546, ,75, ,896,254,269 3,481,933,39 13,5,5, 3,149,233,95 661,122, 28,64,145,658 72,612,17,64 1,455,156,414 4,95,4,476 23,414,188,32 6,454,198,447 6,435,897,468 21,888,, 36,648,741,721 4,444,252,377 1,97,978,96 7,857,365 45,635,112,318 75,731,376 13,66,33,525 9,535,717,785 1,81,493,757 1,966,368,854 14,749,239,48 13,987,183 8,262,366,688 26,225,339, ,927,232, 17,161, ,4, 425,568, ,36, 54,6, 1,168,98 1,198,56, 3,319,474 3,46,857 96,666,666 65,621, ,53,95 4,421,12 599,638,2 365,846,688 18,72,41 214,529, ,691,93 12,114,929 1,232,32 2,466,762, ,77,964 12,165,973 5,194,165 31Oct. 31Dec. 31Mar. 31Dec. 31Dec 31Mar. 31 May 31Mar. 31Mar. 31Mar. 3Jun. 31Dec. 31Oct. 31Oct. 31Dec. 31Dec. 31Dec. 31Dec. 31Dec 31Dec. 3Apr. 28Feb. 31Dec. 31Dec. 3Sep. 31Dec. 31Dec. 31Dec. 31Mar. 3Sep. 3Jun. 31Dec. 31Dec. 31Mar. 31Mar. 31Mar. 3Sep. 31Dec. 31Dec. 839,852,762,452 11,91,629,947 31Jan 31Mar 3Jun. 31Mar. 31Mar 3Jun. 31Aug. 3Jun. 3Jun. 3Jun. 3Sep. 31Mar. 31Jan. 31Jan. 31Mar. 31Mar. 31Mar. 31Mar. 31Mar. 31Mar. 31Jul. 31May 31Mar. 31Mar. 31Dec. 31Mar. 31Mar. 31Mar. 3Jun. 31Dec. 3Sep. 31Mar. 31Mar. 3Jun. 3Jun. 3Jun. 31Dec. 31Mar. 31Mar. Jamaica Stock Exchange Year Book 25 3

33 Top Twenty Companies Turnover (Sales) COMPANY Grace Kennedy & Company Ltd National Commercial Bank Jamaica Ltd. Jamaica Producers Group Bank of Nova Scotia Lascelles de Mercado & Co. Cable & Wireless (Jamaica) Ltd. Life of Jamaica Jamaica Broilers Group Desnoes & Geddes Jamaica Money Market Brokers Carreras Group Courts (Jamaica) Ltd Caribbean Cement Company Capital & Credit Merchant Bank Hardware & Lumber Pan Caribbean Financial Services Dehring Bunting & Golding Seprod Group Gleaner Company First Caribbean International Bank (Jamaica) Turnover Change % 33,31,615 26,435,365 26,311,118 25,7,71 18,285,47 17,257,383 12,136,778 9,146,538 9,135,115 8,348,358 6,64,92 6,117,18 5,999,295 5,888,334 5,332,857 5,183,212 4,68,884 3,953,775 3,291,238 2,92,817 3,73,792 24,811,71 21,979,915 25,312,785 16,9,38 18,576,773 7,5,18 8,173,181 7,866,54 9,953,795 5,942,333 5,839,686 5,452,759 5,295,371 5,518,947 5,78,549 4,54,765 3,346,651 2,936,137 2,892, % 6.54% 19.71% (1.21%) 14.22% (7.1%) 72.15% 11.91% 16.13% (16.13%) 11.15% 4.75% 1.2% 11.2% (3.37%) (9.2%) (1.39%) 18.14% 12.9%.97% PreTax Profits COMPANY Bank of Nova Scotia National Commercial Bank Jamaica Ltd. Carreras Group Life of Jamaica Cable & Wireless (Jamaica) Ltd. GraceKennedy Limited Desnoes & Geddes Lascelles de Mercado Jamaica Money Market Brokers Pan Caribbean Financial Services Capital & Credit Merchant Bank Courts (Jamaica) Ltd Pan Jamaican Investment Trust First Jamaica Investments Jamaica Broilers Group Seprod Group Dehring Bunting & Golding FirstCaribbean International Bank (Jamaica) Jamaica Producers Group Kingston Wharves Profit Before Tax Change % 8,329,812 5,712,76 3,534,761 3,489,23 3,1,226 3,55,247 2,353,54 2,111,552 1,765,177 1,365,282 1,338,542 1,291,38 1,169,42 1,149, , ,419 81, ,5 621,29 462,282 8,172,633 3,86,114 4,52,979 1,69,951 (8,195,78) 3,151,837 1,86,864 1,86,827 1,518,64 1,131,82 978,259 1,14,995 1,13, ,995 66, , ,67 534,559 71,74 331,1 1.92% 47.99% (12.79%) 16.33% % (3.6%) 26.45% 16.87% 16.24% 2.71% 36.83% 13.17% 15.43% 15.85% 62.21% 4.63% 48.9% 17.29% (12.6%) 39.62% 31 Jamaica Stock Exchange Year Book 25

34 i Top Twenty Companies AfterTax Profits COMPANY Bank of Nova Scotia National Commercial Bank Jamaica Ltd. Pan Jamaican Investment Trust Life of Jamaica First Jamaica Investments Carreras Group Desnoes & Geddes Cable & Wireless (Jamaica) Ltd. GraceKennedy Limited Lascelles de Mercado Jamaica Money Market Brokers Capital & Credit Merchant Bank Pan Caribbean Financial Services Courts Jamaica Ltd. Dehring Bunting & Golding Seprod Group Jamaica Broilers Group FirstCaribbean International Bank (Jamaica) Jamaica Producers Group Kingston Wharves Profit After Tax Change % 5,885,586 4,286,981 2,782,73 2,78,337 2,732,987 2,459,194 2,353,54 2,281,134 2,121,694 1,889,139 1,651,673 1,157,223 1,1,55 856,87 82,642 75,18 721, , , ,211 5,856,57 3,216,738 1,64,67 1,433,79 1,593,546 2,849,685 1,552,958 (5,381,56) 2,273,8 1,59,726 1,55, , ,184 86,18 538, , ,31 381, , ,752.5% 33.27% 69.62% 93.92% 71.5% (13.7%) 51.52% % (6.66%) 25.13% 9.73% 33.73% 2.78% (.38%) 49.3% 36.96% 56.49% 26.65% (3.33%) 3.1% E, ir a F A ng id v o r P ffi ci en t A nd T r a n sp ar e n t S to ck M a r k e t THE JAMAICA STOCK EXCHANGE CONGRATULATES THE FOLLOWING COMPANIES FOR RECEIVING AWARDS IN THE JSE BEST PRACTICES AWARDS (24) JOINT OVERALL WINNERS: GraceKennedy & Company Ltd. The Bank of Nova Scotia (Jamaica) ANNUAL REPORT AWARD The Bank of Nova Scotia (Jamaica) Winner Pan Caribbean Financial Services Ltd.(PCFS) Second place GraceKennedy & Company Ltd. Special Commendation CORPORATE DISCLOSURE AND INVESTOR RELATIONS Bank of Nova (Jamaica) Ltd. Winner GraceKennedy Company Ltd. Second place Capital & Credit Merchant Bank Special Commendation BEST PERFORMING COMPANIES Dehring, Bunting & Golding Winner Jamaica Money Market Brokers Ltd. Second place Capital & Credit Merchant Bank Special Commendation BEST PRACTICES WEBSITE Jamaica Broilers Group Ltd. Winner GraceKennedy & Company Ltd. Second Place Jamaica Money Market Brokers Ltd. Special Commendation BEST PRACTICES WEBSITE (Stockbrokerages) First Global Stockbrokers Ltd. Winner Mayberry Investments Ltd. Second place DB&G Ltd. Special Commendation BEST PRACTICES INVESTOR RELATIONS (STOCKBROKERAGES) Mayberry Investments Ltd. Winner. DB&G Second place winner Barita Investments Ltd. Special commendation. Jamaica Stock Exchange Year Book 25 32

35 33 Jamaica Stock Exchange Year Book 25

36 Corporate Profit Profile COMPANY Bank of Nova Scotia (Ja) Berger Paints Cable & Wireless (Jamaica) Ltd. Capital & Credit Merchant Bank Caribbean Cement Company Carreras Group Ciboney Group CMP Industries Courts (Jamaica) Ltd Dehring Bunting & Golding Desnoes & Geddes Dyoll Group FirstCaribbean International Bank (Ja.) First Jamaica Investments Gleaner Company Goodyear (Jamaica) Ltd GraceKennedy Limited Hardware & Lumber Ltd Jamaica Broilers Group Jamaica Livestock Association Jamaica Money Market Brokers Jamaica Producers Group Kingston Wharves Lascelles de Mercado Life of Jamaica Mayberry Investments Ltd. Montego Bay Freeport Montego Bay Ice National Commercial Bank Jamaica Ltd. Palace Amusement Ltd Pan Caribbean Financial Services PanJamaican Investment Trust Pegasus Hotels Radio Jamaica Ltd Salada Foods Seprod Group Total Turnover Profit Before Tax Profit After Tax Change % Change % Change % 25,312,785 (1.21%) 1,17,45 6.6% 18,576,773 (7.1%) 5,295, % 5,452, % 5,942, % 25,7,71 1,174,469 17,257,383 5,888,334 5,999,295 6,64,92 14,794 6,117,18 4,68,884 9,135,115 22,27 2,92, ,817 3,291,238 1,178,28 33,31,615 5,332,857 9,146,538 1,135,848 8,348,358 26,311,118 1,875,955 18,285,47 12,136,778 2,98,34 1,14 44,55 26,435, ,499 5,183, ,23 589,591 1,148, ,739 3,953, ,284,464 78,421 12,776 5,839,686 4,54,765 7,866,54 128,589 2,892, ,69 2,936,137 1,45,357 3,73,792 5,518,947 8,173, ,88 9,953,795 21,979,915 1,536,215 16,9,38 7,5,18 2,535,115 5,319 48,556 24,811,71 513,225 5,78,549 76, ,73 988, ,951 3,346, ,977,24 (1.%) 15.8% 4.75% (1.39%) 16.13% (82.73%).97% 4.75% 12.9% 12.69% 7.58% (3.37%) 11.91% 2.99% (16.13%) 19.71% 22.12% 14.22% 72.15% (17.23%) (79.24%) (8.25%) 6.54% (15.53%) (9.2%) 34.59% 9.57% 16.26% 7.95% 18.14% 7.56% 8,329,812 97,715 3,1,226 1,338, ,451 3,534,761 (1,829) 4,235 1,291,38 81,953 2,353,54 (55,793) 627,5 1,149, , ,616 3,55,247 1, ,433 11,755 1,765, ,29 462,282 2,111,552 3,489,23 22, ,672 4,395 5,712,76 7,353 1,365,282 1,169,42 45,33 152,632 5, ,419 45,37,18 8,172,633 15,376 (8,195,78) 978, ,12 4,52,979 35,775 2,57 1,14, ,67 1,86,864 (36,491) 534, ,995 53,72 73,21 3,151, ,76 66,281 24,7 1,518,64 71,74 331,1 1,86,827 1,69, , ,7 5,998 3,86,114 8,717 1,131,82 1,13,138 32, ,42 36, ,912 29,515, % (7.27%) % 36.83% (74.92%) (12.79%) (13.9%) 68.93% 13.17% 48.9% 26.45% (52.9%) 17.29% 15.85% (5.13%) 52.85% (3.6%) (62.25%) 62.21% (51.4%) 16.24% (12.6%) 39.62% 16.87% 16.33% (94.39%) (17.1%) (26.73%) 47.99% (15.65%) 2.71% 15.43% 4.6% 15.26% (84.6%) 4.63% 53.5% 5,885,586 65,791 2,281,134 1,157, ,927 2,459,194 (15,51) 2,43 856,87 82,642 2,353,54 (52,724) 482,777 2,732, ,455 73,74 2,121,694 69, ,912 12,927 1,651, , ,211 1,889,139 2,78,337 88, ,669 3,658 4,286,981 7,67 1,1,55 2,782,73 3, ,436 2,745 75,18 38,651,317 5,856,57 67,17 (5,381,56) 865, ,361 2,849,685 35, ,16 538,595 1,552,958 (39,425) 381,177 1,593, ,529 5,871 2,273,8 169,11 461,31 2,422 1,55, , ,752 1,59,726 1,433,79 378,384 17,167 4,277 3,216,738 3,64 829,184 1,64,67 2,115 85,172 24,11 547,717 25,769,823.5% (1.83%) % 33.73% (79.95%) (13.7%) (14.29%) 15.74% (.38%) 49.3% 51.52% (33.73%) 26.65% 71.5% (51.4%) 43.65% (6.66%) (58.89%) 56.49% (36.7%) 9.73% (3.33%) 3.1% 25.13% 93.92% (76.71%) (27.91%) (14.47%) 33.27% 15.33% 2.78% 69.62% 52.58% 34.36% (88.61%) 36.96% 49.99% FirstCaribbean International Bank (W.I.) * Guardian Holdings Ltd. + Royal Bank of Trinidad and Tobago + Trinidad Cement Limited + 715,232 4,381,71 3,86,723 1,429, ,26 3,594,95 3,539,943 1,329, % 21.88% 7.54% 7.51% 277,88 455,959 1,116,354 86,799 18,795 71, ,16 199, % (35.5%) 14.6% (56.46%) 257, ,224 93, ,767 88, , , , % (35.81%) 14.69% (16.34%) * Quoted in $US for 24 and Barbados Dollars BDS$ for 23 + Quoted in Trinidad & Tobago Dollars TT$ Jamaica Stock Exchange Year Book 25 34

37 35 Jamaica Stock Exchange Year Book 25

38 Monthly Trading Volume Ordinary Shares Bank of Nova Scotia Berger Paints Cable & Wireless (Jamaica) Capital and Credit Merchant Bank Caribbean Cement Company Carreras Group Ciboney Group CMP Industries Courts (Jamaica) Ltd Dehring, Bunting & Golding Desnoes & Geddes Dyoll Group First Caribbean International First Caribbean International Jamaica First Jamaica Investments Gleaner Company Goodyear (Jamaica) Ltd GraceKennedy Ltd Guardian Holdings Ltd. Hardware & Lumber Ltd Jamaica Broilers Group Jamaica Money Market Brokers Jamaica Producers Group Kingston Wharves Lascelles de Mercado Life of Jamaica Mayberry Investments Montego Bay Freeport Montego Bay Ice National Commercial Bank Ja. Ltd. Palace Amusement Ltd Pan Caribbean Financial Services Pan Jam Group Pegasus Hotels Radio Jamaica RBTT Financial Salada Seprod Group Trinidad Cement Ltd. Total Ordinary (Monthly) January February March April May 5,284,929 5,236,777 19,441,42 6,582,178 7,777,69 2,1, ,82 397,224 7, ,551 46,6,87 41,951,863 14,574,831 61,821,761 13,332,963 2,837,255 3,956,81 3,732,529 3,49,311 4,272,119 4,371,627 3,566,51 4,144,218 3,951,734 4,188,389 3,83,585 5,628,664 1,317, ,94 1,753,368 15,223,527 6,826,741 4,246,176 5,76, ,52 1,17 1, 16,7,84 12,81,468 13,649,198 6,38,145 6,45,958 8,57,24 1,83,338 4,953,6 5,933,339 4,158,868 3,635,458 1,416,524 54,158,31 7,695,678 17,943,529 2,657,36 2,663,733 7,57 51,496 29,5 33,179 38, , ,713 59, ,567 15,988 4,875, , ,652 1,198,572 1,38,584 21,162,952 14,24,914 4,825,67 14,112,33 1,33,74 272, , ,936 53,96 58,127 4,852,899 1,332, ,79 69,93 2,,121 2,552 23,784 3,4 2, ,99 2,524 7,89 67,45 1,21,772 41,659,235 29,848,631 1,33,821 9,916,888 13,553,19 5,553,814 4,79,655 2,529,61 1,223,237 1,814,986 1,247, , ,815 77,923 2,679,484 4,744,745 1,487,566 3,86,62 2,876,29 591,888 1,7, ,828 1,31,84 2,689,435 1,246,549 23,839,536 18,496,71 66,369,522 6,132,17 4,45,38 219,725,658 39,873,47 2,4, , , ,9 471,171 2,52 3,88 13,744,12 7,18,379 39,5,21 7,323,62 5,32, , 3,998 4,25 21,147,491 23,571, ,333 24,38,646 1,152,347 7,119,115 1,658,7 623,977 1,15,25 3,488, ,937 49,996 11, ,129 54,61 3,623, ,525 2,857,639 2,15,46 729, ,22 146,29 154, ,211 9,79 17,376 15,6 2,53 1,986 9,83 2,88,414 1,486, ,249 1,235,49 925,27 2, ,365,533 22,115, ,463, ,433, ,75,22 Jamaica Stock Exchange Year Book 25 36

39 37 June July August September October November December Yearly Total 3,87, ,154 31,872,789 1,191,142 1,99,434 1,297,65 397,7 2,968,59 3,473,877 3,961,561 49,469 62,24 75,194 1,45,48 71,87 649,28 35,82 89,622 11,883,64 2,628,771 1,521,95 659,26 442,349 6,857,746 9,873,339 49,976 4,81, ,34 1,347,495 52,75 1,749,9 14,7 9,74 1,66,9 135,541,572 3,774, ,377 9,41,84 1,354, , ,895 1,669,277 3,9 558,373 2,296,35 4,51,987 56,5 1, 841,426 1,735, ,5 39,278 1, ,36 5,978,424 1,22, ,58 831,58 162,117 4,885,421 13,386,216 19, ,417,667 15,453,178 36,696 6,89 1,433,129 77,4 835,934 82,37,79 6,98, ,535 18,457,9 1,198,233 1,248, , ,6 6, 4,813,481 2,931,596 17,138,524 21,975 14,272 1,786,82 3,26,379 81,88 811,664 14, ,35 9,547,41 878,25 1,341, , ,45 7,67,24 11,37, ,618 5,234,554 1,172, ,223 23,18 1,97,73 3,41 21, ,47 15, 12,243,953 4,994,395 58,761 18,695,55 999,623 3,295,39 1,87,834 1,696,347 1,327,73 3,62,495 3,495, ,23 29,67 1,187,549 17,82, ,393 1,233,266 3, ,747 5,329,943 1,445, ,956 18,752, ,683 9,928,96 2,561, ,22 2,522,7 8,114, ,843 19,729 1,465,93 2,182 3, 1,61,344 6,5 23,178,995 3,93, ,877 18,254, ,858 2,912, ,772 41, 2 2,624,632 1,395,679 7,368, ,969 13,498 29,35 1,688,42 6,659,86 31,15 774,56 7, ,469 9,22,854 1,12, , , ,71 7,481,419 2,451, ,73 2,224, ,46 1,46,719 42,294 2,414,411 35,59 1,5 827,689 2, 78,29,454 5,126, ,87 21,219,849 1,449,98 2,366, ,115 1,392,977 3, 1,857,28 2,496,385 5,46,987 1,32,331 16,83 8,859 1,891,36 3,999,754 68, ,392 7,31 59,67 5,351,173 2,68,53 568,16 85,42 434,822 6,413,331 8,896,341 49,67 4,711, ,383 1,93,73 23,898 56,939 4,174 4,2 1,96,316 1, 84,789,698 32,754,63 2,543,42 27,34, ,63 1,635,535 1,222,697 1,633,984 62,14 16,134,767 1,789,264 2,413,471 41,177 3, ,398 2,6,51 19,732,579 1,827,36 853,859 25, 274,538 1,95,523 5,58, ,917 1,365,77 4,37,655 4,727,586 5,64,374 14,159 5,77 8,628, ,34 1,134,242 3,919,983 15,973 1,4 552,58 5, ,972, ,617,915 11,757, ,533,839 25,383,1 34,488,147 18,875,262 4,129,28 85,6 85,51,436 51,144, ,19,282 7,236,246 49,2 1,269,277 18,298, ,98,122 3,83,124 14,782,397 18,581 4,9, ,49,651 3,558,624 11,16,74 127,469,747 12,91,17 166,63, ,87,533 7,714,928 11,582 18,69,136 9, ,332,926 2,393, ,814 23,661,79 1,318,56 25,39 13,439, ,238 2,497,47,582 Jamaica Stock Exchange Year Book 25

40 Preference Shares January February March April May CWJA 5.5% 11,33 CWJA 6% 2,27 Jamaica Livestock Association 21,234 63,2 55,79 J.P.S 5% C 2,56 4,27 J.P.S 5% D 2,25 1,45 67, J.P.S 6% 23,5 15,548 6, J.P.S 7% 5,523 21,132 1, Las dem 6% Total Preference (Monthly) 243,563 37, , ,79 Monthly Total 461,69,96 22,153, ,65, ,433, ,76,812 Jamaica Stock Exchange Year Book 25 38

41 June July August September October November December Yearly Total 11,33 2,27 3, 88,73 16, , ,43 2, ,797 45,48 27,655 3, 88,73 16,213 2, ,26 135,544,572 82,395,152 12,26,166 23,178,995 78,292,649 84,789, ,972,979 2,497,996,842 Ordinary Volumes Traded (25 vs 24) 9, 8, 7, 6, Volume 5, 4, , 2, 1, JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Month 39 Jamaica Stock Exchange Year Book 25

42 Monthly Trading Value Ja.$() Ordinary Shares Bank of Nova Scotia Berger Paints Cable & Wireless (Jamaica) Capital & Credit Merchant Bank Caribbean Cement Company Carreras Group Ciboney Group CMP Industries Courts (Jamaica) Ltd Dehring, Bunting & Golding Desnoes & Geddes Dyoll Group First Caribbean International Bank First Caribbean International Bank Jamaica First Jamaica Investments Gleaner Company Goodyear (Jamaica) Ltd GraceKennedy Ltd Guardian Holdings Ltd. Hardware & Lumber Ltd Jamaica Broilers Group Jamaica Money Market Brokers Jamaica Producers Group Kingston Wharves Lascelles de Mercado Life of Jamaica Mayberry Investments Ltd Montego Bay Freeport Montego Bay Ice National Commercial Bank Ltd. Palace Amusement Ltd Pan Caribbean Financial Services Pan Jam Group Pegasus Hotels Radio Jamaica RBTT Financial Holdings Ltd Salada Seprod Group Trinidad Cement Ltd. Total Ordinary (Monthly) January February March April May 331,26,986 12,952,898 85,882,663 9,343,931 62,158, ,74,341 1,595,19 2,926 69,754, ,73,846 31,342,512 55,79, ,659 7,789, ,75,919 6,62,33 3,395, ,673, ,275 2,253,46 238,159,582 13,56,724 55,86,935 27,424,697 37,337,927 37,277,636 6,972,6 327,566,151 36,78 6,838,12, ,867,964 1,846,679 22,672, ,849,6 2,149,146 41,989, ,813,951 5,786,813 72,44,71 132,84,85 5,661, ,7,54 664,62 28,7 5,17, ,142,64 13,851,67 44,61,82 6,291,377 5,316,52 44,741,28 42,811,562 2,58, ,256,555 9,6,24 634,52 174,749,495 75,374,719 31,49,945 8,56, ,554, ,826,88 1,935,125 3,24 157,35,663 62, 856,778,75 116,898, ,676 5,82,192 57,52,2 45,5 22,616,497 16,266,122 62,922,15 2,318,614 22,989, ,268,99 65,943,19 42,218, ,972 54,96, ,428, ,156,979 3,689,198 1,97,777 15,333,213 14,261,712 2,533,85 116,815,613 12,439,6 212,735 59,329,11 41,285,239 7,66,49 17,59,924 48,33,522 73,899,53 1,576, ,75,257 21,694 28,634,564 41,685, ,933 17,64,829 6,276,96 47,86 11,72,888 1,921,27,39 188,992,56 3,814,95 94,532,235 87,82,698 64,244,495 33,776,39 56,295 26,743, ,218,9 61,676,454 3,92,3 2,668,467 69,67,944 47,456, ,54 71,84,529 8,882,51 2,43,235 57,395,63 2,726,78 29,9,79 14,98, ,999,693 74,556,745 1,265,464,349 2,37,72 153,159, ,976 6,211,77,12 84,249,875 2,979,9 13,946,95 59,41,854 44,92 2,11,245 2,364 25,857,867 3,929,161 2,6, ,91,863 63,851,778 59,939,316 57,377 26,386,619 17,294,39 155,821,534 4,583, ,37 57,999,273 35,344, , ,832,166 67,5 3,91,912 77,822,962 29,871,215 13,51,52 3,447,974 45,754,84 53,98, ,691,256 1,186,343 46,599 19,34,62 38,587, ,882, ,118 5,82,9 4,51,97 242,14 13,352,768 3,314,815,484 3,792,85,32 9,84,193,14 2,54,975,856 Jamaica Stock Exchange Year Book 25 4

43 41 June July August September October November December Yearly Total 7,565,164 3,53,779 49,739,69 28,922,74 29,897,76 4,3,143 34,775 12,11,399 78,422,385 35,874,77 5,876,64 1,17,912 34,711,588 34,833, ,64 74,71,97 15,421,965 23,945,545 6,374,438 39,646,139 55,3,893 3,421, ,975,453 72,848,31 58,522,555 1,93,681 96,248,5 18,447,476 85,33, ,5 11,26,892 6,125, ,87 15,135,269 1,827,45,131 81,772,161 3,634,727 13,643,777 3,989,567 12,116,992 12,344, ,4 6,365 2,198,13 52,15,42 4,714,542 6,819, , 4,46,779 5,875,686 1,143,266 34,915,511 4,626,164 22,426,623 29,829,162 17,91,118 16,434,859 4,673,188 47,461,319 49,569,229 66,441,44 41,958 1, ,517, ,376, 22,283,933 61,765 9,331,962 3,944,45 11,577,512 1,274,926, ,69,274 1,586,664 25,236,17 27,536,698 16,835,749 32,363,399 25,943 14,16 19,368,921 64,873, ,972,249 2,634,331 22,8 85,424,598 1,381,26 851,258 86,96,672 5,753,97 1,431,99 45,154,39 12,88,695 38,362,575 5,166,412 83,618,257 71,344,48 45,84,654 78,479 93,764,425 34,2,654 32,17, ,8 12,545,72 1,326, ,522 11,564,512 17,12, 1,196,262,715 13,278,968 1,981,999 23,284,729 2,687,23 36,43,442 35,271,753 97,411 5,373,477 62,581,785 31,494,575 21,159, ,63 51,115,732 58,54,983 1,39, ,293,13 1,244,784 3,76,565 21,627,288 2,159,375 16,276, ,831,394 6,624,529 14,432,278 9,422,23 73,874 43,731, ,735,689 46,315,14 167,548 9,197, ,834 66, 16,353, , 1,718,224,698 82,215,742 3,843,52 23,39,664 14,611,761 29,131,897 9,515,41 25, ,338,99 27,416,221 69,734, ,816 1,653, ,775 68,754,529 21,495,44 339,847 75,71,3 2,82,18 6,637,423 32,649,64 12,57,543 13,362,683 3,292,552 33,481,86 8,694,317 8,332,18 91,569 39,882,479 19,164,865 56,345,69 36,177 15,95, ,166,979 15,225 12,27,993 2,24, 91,21,19 19,127,848 3,329,699 26,485,473 29,217,595 21,735,746 28,864,444 14,835 6,45 7,272,519 46,892,432 5,184,177 2,848,177 2,68,26 153,218 65,193,348 9,41, ,752 34,458,836 2,716,46 1,85,1 17,814,729 31,14,462 15,742,424 4,57,3 83,13,283 59,13,858 21,795, ,888 83,66,15 18,558,29 51,343, ,288 2,794,159 1,67,38 42,2 16,375,3 1,1, 851,579,51 745,458,393 9,58,149 38,436,58 13,367,431 15,259,475 43,373,58 116, ,636 72,147,723 38,119,43 23,594,487 73, ,438 3,87,919 84,847,674 5,479,59 2,334,182 75,471,579 9,1,2 5,177,448 38,61,985 86,428,171 2,962,448 8,16,147 96,65,222 46,899,454 15,85, ,25 58, ,313,823 15,377,118 57,984,575 21,939,242 6,53,214 13,7 8,82, ,71 2,638,184,688 3,641,82,56 56,289,46 496,39,77 714,923, ,24, ,777,142 3,77,468 22, ,518,355 1,225,567,777 1,95,417,781 14,12,684 6,71,55 23,463, ,725, ,7,455 34,643,75 1,652,12,293 72,975,38 19,59, ,58, ,365,18 43,2, ,553,79 3,487,35,847 1,883,458,513 1,786,324,567 18,874,98 137,62 2,128,989,86 533,45 14,771,841,13 1,37,61,244 7,72, ,291,29 53,331,175 4,239,156 21,122,59 38,76,196 4,745,834,313 Jamaica Stock Exchange Year Book 25

44 Preference Shares C & W Ja. 5.5% C & W Ja. 6% Jamaica Livestock Association J.P.S 5% C J.P.S 5% D J.P.S 6% J.P.S 7% Las dem 6% Total Preference (Monthly) Monthly Total January February March April May 356, ,4 2,98 369, ,219 8,241 14,825 16,948 1,514 23,667 2, , ,652 1, ,41 127,197 1,921,576,298 3,314,83,39 3,792,939,951 9,84,193,8 2,55,13,53 Johann Heaven Congrats on being the first quarter winner of the JSE Analyst of the Year competition 26. Jamaica Stock Exchange Year Book 25 42

45 June July August September October November December Yearly Total 5,652 1,135 6,6 149,69 43, , , ,83 18,19 1,729 6,6 149,69 43, ,723 1,827,456,731 1,275,75,483 1,196,36,49 1,718,224,698 91,21, ,579,51 2,638,184,934 4,746,681,36 Ordinary Value (25 vs 24) 4,6, 4,1, 3,6, 3,1, Value($) 2,6, 2,1, ,6, 1,1, 6, 1, JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Month 43 Jamaica Stock Exchange Year Book 25

46 Jamaica Stock Exchange Year Book 25 44

47 Understanding Terms and References I n compiling the statistics relating to each company, the policy has been adopted of following as far as possible the manner in which the figures are set out in the published accounts of each company. The statistics are based on the audited financial statements of the companies under review. The figures given for the highest and lowest (share prices) relate to the highest and lowest prices for the calendar year. The closing stock price relates to the closing price at the company's yearend. The Jamaica Stock Exchange's Year Book is intended as a general reference book and does not, by itself, provide answers to all the questions which should be asked about shares and their prospects. Detailed evaluation of a particular company should not be made without consulting a stockbroker or investment advisor. International Securities Identification Numbers (ISIN) appear beside the name of each listed company. These numbers uniquely identify the securities internationally. 1. Shareholders' Equity includes share capital which takes into account preference shares, revenue and capital reserves, but excludes minority interest. 2. Return on Equity is calculated based on average capital (average of capital at beginning of year and capital at yearend) in use for the year, including preference stock. 3. Gearing debt includes interest bearing debts only, for example, bank loans, overdraft and long term liabilities. 4. After Tax Profits represents profit after taxation as reported by the annual reports of the listed companies. 5. Price Earnings Ratio is calculated using closing stock price at the companies' financial year end. 6. Earnings Per Share (EPS) reflects EPS as reported by companies. EPS and closing price per share are quoted in Jamaican dollars, except for First Caribbean International Bank (FCIB); Guardian Holdings Ltd.; Trinidad Cement Ltd. and RBTT; where the quotations are in Barbados or TT dollars, except for closing stock which is in Jamaican dollars. 7. Operating Profit Margin is calculated using Turnover and Pretax Profit as reported in the financial statements of the listed companies. 8. Balance Sheet and Profit and Loss figures are quoted in thousands. 9. Previously published financial data, which are included in this report, may reflect adjustments made subsequent to publication. 1. The Jamaica Stock Exchange relies on the listed companies for information to ensure the accuracy of the book s content. Where information, such as telephone numbers or corporate data, is not received on time for publication, data in the previous year s publication is utilized or the information is omitted. LEGEND: n/a = Figures were not made available for publication. * = Restated + = Company was delisted ACKNOWLEDGEMENTS The Jamaica Stock Exchange YearBook is an annual publication of the Jamaica Stock Exchange. It is distributed free of cost to local and international investors. We are grateful to all our advertisers for their consistent support.the teams behind the publication are: Marketing & Communications Market Operations & Trading Yvonne GrinamNicholson Assistant General Manager Wentworth Graham Assistant General Manager Neville Ellis Snr. Marketing Officer Riccalya Robb Research Presiding Officer Tiane Daley Marketing Officer Kerreen Wilson Presiding Officer Charlette EddieNugent Communications Assistant Marlene StreetForrest General Manager 45 Jamaica Stock Exchange Year Book 25

48 Jamaica Stock Exchange Year Book 25 46

49 Bank of Nova Scotia (Ja.) Ltd. (BNSJ JMP1574F133) Financial Year End October 31 Board of Directors Secretary Registrar Subsidiaries Principal Activities Address Robert H. Pitfield (Chairman); Hon. Mayer Matalon, O.J. (Deputy Chairman); William E. Clarke, C.D. (President & CEO); Anthony Chang; Professor Celia D Christie; Dr. Jean Dixon; Muna Issa; Charles Johnston; Hon. William McConnell; C.D.; Joseph M. Matalon; Warren McDonald; Dr. Herbert Thompson; Professor Stephen Vasciannie; Richard Waugh and Stacie Ann Wright. David Noel Scotia Jamaica Investment Management Limited th 4 Floor, Scotiabank Centre, Cnr. Duke & Port Royal Streets, P.O Box 627, Kingston Brighton Holdings Limited; Scotia Jamaica Life Insurance Company Limited; Scotia Jamaica Investment Management Limited; Scotia Jamaica General Insurance Brokers Limited; Scotia Jamaica Building Society and Scotia Jamaica Financial Services Limited. Commercial and merchant banking and trust company operations mktmdo@cwjamaica.com Website Financial Data BALANCE SHEET () No. of Shares issued ,927,232 1,463,616 1,463,616 1,463,616 1,463,616 1,463,616 Shareholders' Equity Total Assets Deposits Loans Investments 23,524, ,46,943 17,28,146 84,875,418 39,71,364 2,65,17 * 168,167,649 * 98,81,819 78,5,762 35,78,821 17,656, ,66,945 * 87,67,332 65,646,13 * 3,785,98 * 14,65,776* 127,367,433* 76,947,68 53,499,82* 27,313,92* 1,13,824 99,965,14* 67,89,259 39,968,23 25,569,583 8,353,262 88,428,743 6,384,15 3,71,177* 22,462,19 PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Exceptional Items 25,7,71 (1.21) 8,329, ,885, ,312,785 * ,172, ,856, ,689, ,37, ,456, ,546,857* ,38,735* ,869,782* 2.4 (81,423) 14,23,352 (3.1) 4,418, ,214, (24,151) 14,685, ,484, ,557, (12,311) IMPORTANT RATIOS Return on equity Asset Growth Deposit Growth Loan Growth Loan & Investment Growth Return on Assets Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * * Jamaica Stock Exchange Year Book 25

50 Jamaica Stock Exchange Year Book 25 48

51 Berger Paints (Ja.) Limited (BRG JMP ) Financial Year End December 31 Board of Directors: Jalaj Ashwin Dani (Chairman); Warren McDonald (Regional Managing Director) Gokul Manjeshwar; Milton Samuda; Michael Fennell; Pokar Chandiram. Secretary: Michael W. Wint Registrar & Transfer Office: Scotiabank Jamaica Trust & Merchant Bank Ltd. 3 Duke Street, Kingston Principal Activities: Manufacture and distribution of industrial, motor vehicle and decorative paints and paintrelated processed materials. Financial Data BALANCE SHEET () No. of Shares issued , , , , ,88 142,88 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 428,538 67, , , ,27 52,566 53, , ,647 * 4,381 * 554,61 29,256 * 428,61* 11,63* 514,265* 18,133* 386,57 47, , ,513* 454,981 23,126* PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr (decr.) over prior yr. Aftertax Profit (Loss) % incr. over prior yr. Extraordinary items 1,174, ,715 (7.27) 65,791 (1.83) 1,17, ,376 (15.66) 67,17 (18.4) 1,16, ,942 * (4.29) 81,772 * (8.91) 91, ,539* ,768* , , , , , , IMPORTANT RATIOS Debt/Equity Current Ratio Return on Equity Operating Profit (Loss) Margin Earnings Per Share Closing Stock Price P.E. Ratio * * * Jamaica Stock Exchange Year Book 25

52 Cable & Wireless (Ja.) Ltd. (CWJA JMP ) Financial Year End March 31 Board of Directors Leonardo de Barros (Chairman); Rodney Davis (President); Lisa Agard; Gary Barrow (resigned 31 March 25); Andrew Cocking; Charles Herlinger; Jacqueline Holding (Resigned 3 June 25); Fernando Simo; Hon. Patrick Rousseau, O.J.; Milton Weise. Secretary Camille Facey Registrar Scotia Jamaica Investment Management Limited Subsidiary Jamaica Digiport International Limited; Jamaica Telephone Company Limited; Jamaica International Telecommunications Limited; Cable & Wireless Jamaica Foundation. Principal Activities Provision of international and domestic telecommunications services Telephone (876) Financial Data BALANCE SHEET () No. of Shares issued ,817,44 16,817,44 15,883,138 14,748,628 12,782,144 1,956,124 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 19,164,96 563, ,455 6,341,464 14,74,219 17,67,619 1,441,477 3,589,475 6,64,777 15,99,918 23,49,928 * 2,994,849 * 4,751,557 * 6,883,878 * 14,774,597 * 21,797,787 * 4,227,59 6,797,126 8,41,835 14,689,836 22,618,193 * 4,91,651 7,779,145 8,596,794 13,412,424 28,534,21 5,718,183 7,445,24 5,715,537 8,788,256 PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. 17,257,383 (7.1) 3,1, ,281, ,576,773 (12.26) (8,195,78) (46.96) (5,381,56) (393.85) 21,172, ,669,748 * (32.25) 1,831,231 * (43.27) 21,95, ,94,616 * (22.75) 3,227,953 * (17.36) 19,177,154 * ,1,983 * (6.96) 3,96,19 * ,54, ,482, ,764, IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio (26.53) (44.11) (.32).98 (3.6) * * * * Jamaica Stock Exchange Year Book 25 5

53 51 Jamaica Stock Exchange Year Book 25

54 Capital & Credit Merchant Bank (CCMB JMP287152) Financial Year End December 31 Board of Directors Secretary Registrar Ryland T. Campbell (Chairman); Andrew Cocking (Deputy Group President); Curtis Martin (President); Maria Jones; E. Carroll Thorburn; Kelvin Roberts. Anna Young FCIS KPMG Regulatory & Compliance Services, 6 Duke Street, Kingston Subsidiaries & Activities Capital & Credit Securities Limited and Capital & Credit Fund Managers Limited. Affiliates Principal Activities Website address Capital & Credit Remittance Limited. Taking deposits, granting loans and trading in foreign exchange and Government securities info@capitalcredit.com Financial Data BALANCE SHEET () No. of Shares issued ,16 588,8 584,5 5, Shareholders' Equity Total Assets Deposits Loans Investments 4,659,13 52,953,244 4,821,355 2,643,783 47,227,445 3,26,886* 58,959,823 4,522,26 2,63,935 46,57,868 2,89,77 41,615,362 2,154,69 1,829,557 37,21,914 1,255,554 3,296,782 2,167,76 1,473,11 26,236,257 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. 5,888, ,338, ,157, ,295, , , ,127, , , ,721, ,32 287,141 IMPORTANT RATIOS Return on Equity Asset Growth Deposit Growth Loan Growth Loan & Investment Growth Return on Assets Operating Profit (Loss) Margin Earnings per share Closing Stock Price P.E. Ratio 3.11 (1.19) (.58) Jamaica Stock Exchange Year Book 25 52

55 53 Jamaica Stock Exchange Year Book 25

56 Caribbean Cement Company (CCC JMP ) Financial Year End December 31 Board of Directors Brian Young, F.C.A. (Chairman); Dr. Rollin Bertrand; Dr. Judith Robinson; Hollis Hosein; Yusuff Omar; Leopoldo Navarro; Paul Stockhausen; Ernest Williams. Secretary Registrar Subsidiaries Principal Activities Address Cordia J. Constable Scotia Jamaica Investment Management Ltd. 4th Floor, Scotiabank Centre, Cnr.Duke & Port Royal Streets, Kgn. Jamaica Gypsum and Quarries Ltd., Rockfort Mineral Bath Complex Ltd., Caribbean Gypsum Company. Manufacture and sale of Portland cement and the winning and sale of gypsum. Financial Data BALANCE SHEET () No. of Shares issued , , , , , ,138 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 2,766,693 1, ,724 1,93,639 1,983,9 2,771,121 9,315 98,134 1,517,678 1,399,13 2,12,115 9,13 123,589 1,224,336 1,571,82 1,82,586 * ,217 1,254,6 1,483,37 1,664,238 81,745 31,246 1,43,975 1,636,783 1,526,46 * 179,11 399, ,728 1,647,484 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit (Loss) % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. Exceptional Item Extraordinary Item 5,999, ,451 (74.92) 168,927 (79.95) 5,452, , , ,16, , , ,676, , ,466 * ,16, , , ,78, ,146 * ,926 * ,15 IMPORTANT RATIOS Debt/Equity Ratio Current Assets Ratio Return on Equity Operating (Loss) Profit Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25 54

57 55 Jamaica Stock Exchange Year Book 25

58 Carreras Group Limited (CAR JMP ) Financial Year End March 31 Board of Directors: Registered Office: George Ashenheim (Retired March 25); Michael Bernard; Christopher Burton; Andrew Cripps;Emil George; William McConnell; Michael McNally (Retired June 25); Reynaldo Callejas (Appointed July 25); William Telling (Retired Feb. 25); Bruce Terrier; Edgard Vargas. Twickenham Park, Spanish Town Registrar and Transfer Office: NCB Jamaica (Nominees) Ltd. ` 32 Trafalgar Road, Kingston 1 Subsidiary: Cigarette Company of Jamaica (in voluntary liquidation); Sans Souci Resort and Spa. Principal Activities: Manufacturing, distribution and marketing carreras_group@bat.com Financial Data BALANCE SHEET () No. of Shares issued ,44 485,44 485,44 485,44 485,44 485,44 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Minority Interests 7,754,193 8,166,199 2,267,543 16,59 13,992,418 11,421,194 1,746,898 15,37 13,615,191 12,597,985 * 1,441,534 * 25,17 * 12,571,374 1,887,342 3,69,69 21,36 11,499,665 9,38,43 2,815,964 18,43 9,94,556 8,313,237 4,3,578 15,155 PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Exceptional Items Extrordinary item 6,64, ,534,761 (12.79) 2,459,194 (13.7) 5,942, ,52,979 (3.42) 2,849,685 (15.5) (85,245) 4,972, ,196,652 * ,354,576 * (26,472)* 4,462,88 (1.92) 3,16,451 (17.72) 2,358,214 (17.65) (55,978) 4,55, ,775, ,863, (38,383) 4,435,535 (3.64) 3,74, ,852, (49,913) 75,58 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25 56

59 57 Jamaica Stock Exchange Year Book 25

60 Ciboney Group Limited (CBNY JMP ) Financial Year End May 31 Board of Directors: Patrick Hylton (Chairman); Geoffrey Messado; Michael Campbell; Marjorie ChevannesCampbell; Robert Stephens; Wilberne Persaud Secretary: Sharon Burke Registrar: Veritat Corporation, 6 Duke Street, Kingston Subsidiaries: Ciboney Hotels Limited; Leisure Operators Limited; Luxury Resorts Enterprises Limited. Associated: None Principal Activities: Resorts Investments Financial Data BALANCE SHEET () No. of Shares issued , 546, 546, 546, 546, 546, Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities (25,132) 342,975 56, ,75 613,523 (1,81) 559, , ,83 567,346 (368,318) 677,82 931, ,737 * 485,79 (314,15) 648,74 * 883,558 * 277,129 43,437 * (349,737) 683, ,19 148,789 34,123 (156,885) 718,68 964, , ,598 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit/(Loss) % incr. (decr.) over prior yr. Aftertax Profit/(Loss) % incr. (decr.) over prior yr. Exceptional Items Minority Interest (1.) (1,829) (13.9) (15,51) (14.29) 78,421 (32.2) 35, , , , (54,48) (256.74) (54,42) (257.26) 5 117,268 13,676 (36.42) 34, ,65 * , , ,67 (69.39) (192,986) (1,71.46) (193,65) (827.26) (39,757) 212, ,72.66 (16,474) (2,821) ,66 212,913 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit (Loss) Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio 22.5 (59.9) N/A (.28).8 (.29) (81.45).63 (3,479.57) (2.53) (47.17) (.1).8 (.8) (2.81).64 (11.2) * (2.66) (118.35) (.35).2 (.57) (6.15) (3.9) (.4) 1.1 (26.79) Jamaica Stock Exchange Year Book 25 58

61 CMP Industries Limited (CMP JMP ) Financial Year End March 31 Board of Directors Pancha Sankaran (Chairman); Raj Chandaria; Kuntesh Chandaria; Noel Levy; Steve Holland. Secretary Harihanaier Radhakrishnan Registrar Duke Corporation Subsidiaries CMP Metal Products Ltd.; CMP Consumer Products Ltd.; CMP Sales Ltd.; CMP Envelopes Ltd. Principal Activities Rental of Property Financial Data BALANCE SHEET () No. of Shares issued ,338 2,338 2,338 2,338 2,338 2,338 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 41,31 22,598 9,55 8,581 14,267 38,988 22,267 8,531 3,962 13,262 4,751 * 135,72 * 141,988 * 8,385 25,25 * 9,633 4,677 43,676 3,384 67,246 13,793 4,191 49,517 2,657 95,82 19,592 6,937 88, , ,768 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit/(Loss) % incr. (decr.) over prior yr. Aftertax Profit/(Loss) % incr. (decr.) over prior yr. Extraordinary items Exceptional items 14, , , ,776 (63.12) 2,57 (61.78) ,642 *. 6,56 * (27.17) (65,346)* (1,77.13) (71,689) (1.) 9, , ,226 (4,941) 34,92 (85.2) (25,929) (94,82) (4.74) 6,83 (68,891) 232,996 (37.3) (9,526) 5.74 (9,526) ,21 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio (1,375.42) (3.21)* 1.2 (.37) (91.35) (74.29) (4.66).93 (.2).47.8 (47.5) (38.85) (4.45) 3.49 (.78) 59 Jamaica Stock Exchange Year Book 25

62 Courts (Jamaica) Ltd. (CRTS JMP3171D112) Financial Year End March 31 Board of Directors Secretary Registrar Principal Activities Stuart Miller (Chairman); R. Hayden Singh (Managing Director); Dennis Harris. F.C.A. (Deputy Managing Director); Richard Luck. B.Sc., AC A (Finance Director/Company Secretary); Sharon Stephenson. B.A., A.C.I.B., M.B.A.; John Roberts; Peter Thomson; Keith Fredricks; Roy Collister. Richard Luck NCB Jamaica (Nominees) Limited 32 Trafalgar Road, Kingston 1 Hire Purchase Financing; sale of furniture & appliances, office furniture, bicycles and other household articles. Financial Data BALANCE SHEET () No. of Shares issued ,397,123 2,397,123 1,598,82 1,198,56 958, ,424 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 5,353,38 788, ,479 3,882,672 1,153,94 4,759,852 77,329 1,31,247 3,362,794 1,573,596 3,92,6 * 616,959 * 293,258 1,836,31 96,755 * 3,235,295 2,295,37 644,774 2,492, ,851 2,172,913 1,452,266 1,94,279 1,372,249 1,86,526 1,993,99 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit (Loss) % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. Extraordinary/Except. items 6,117, ,291, ,87 (.38) 5,839, ,14,995 (31.15) 86,16 (25.69) 3,754,36 * (5.13) 1,657,227 * 5.2 1,157,435 * ,957,152 (11.27) 1,13, , ,459,982 (14.66) 775, , ,226, , , IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating (Loss) Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25 6

63 61 Jamaica Stock Exchange Year Book 25

64 Dehring, Bunting & Golding (DBG JMP ) Financial Year End March 31 Directors Secretary Registrar Subsidiaries Principal Activities Peter M. Bunting (Chairman); Christopher A. Dehring (onleave); Peter Reid; Mark J. Golding; Garfield Sinclair; Philip Martin; Barclay Ewart; Eugene Ffolkes; Deanne Bell. Mark Golding Duke Corporation, Scotiabank Centre, Duke Street, Box 372. DB&G Merchant Bank; DB&G Unit Trust Managers Ltd.; DB&G Corporate Services Ltd.; Billy Craig Investments Ltd. Asset Management Company Ltd.; Interlink Investments Ltd. The provision of corporate finance, investment and advisory services. Financial Data BALANCE SHEET () No. of Shares issued , , , ,5 112,5 112,5 Shareholders' Equity Total Assets Deposits Loans Investments 2,166,327 28,422,151 2,87,583 2,421,195 19,266,776 1,378,849 23,652,828 1,66,932 1,516,452 17,283, ,945 * 22,16,116 * 4,865 1,339,236 * 18,464,336 * 53,595 13,999,646 4,23 1,265,385 11,284, ,923 9,365,262 1,729 1,69,62 * 6,458,39 * 25,298 8,85,631 1,713 1,13,176 5,995,296 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Exceptional items 4,68,884 (1.39) 81, , ,54, , , ,544,374 * ,357 * ,418 * ,323, , , ,424,279 * , , (7,314) 1,155, , , IMPORTANT RATIOS Return on Equity Asset Growth Deposit Growth Loan Growth Loan & Investment Growth Return on Assets Operating Profit (Loss) Margin Earnings per share Closing Stock Price P.E. Ratio , (5.7) * (25.15) (52.63) Jamaica Stock Exchange Year Book 25 62

65 Desnoes & Geddes Ltd. (DG JMP358132) Financial Year End June 3 Directors: Hon. Patrick H.O. Rousseau(Chairman); Owen K. Melhado Vice Chairman; Laurence Turnbull; Marguerite Orane; Mark McKenzie; G.J. Van Brecht; Noel dacosta; Paul Gallagher; Richard O. Byles;Dr. Damien King; J. Randolph Millian. Secretary: Registrar & Transfer Agent: Subsidiaries: Principal Activities: Gene M. Douglas, F.C.I.S., M.B.A. NCB Jamaica (Nominees) Ltd 32 Trafalgar Road, Kingston 5. D& G Wines Limited (in liquidation), Jamaica Metal Lithographers Limited (in liquidation), Foods of Jamaica (Export) Limited, Red Stripe Brewing Company Limited, Red Stripe Marketing (UK), Diskweb Ltd (UK) (in liquidation) Brewing, Blending and distributing beers and stouts. Telephone No: Financial Data BALANCE SHEET () No. of Shares issued ,174,98 1,44,586 2,89,171 2,89,171 1,971,348 1,95,193 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 4,147,944 2,314,834 1,569,422 4,334,81 2,277 1,895,345 1,18,633 4,459,587 2,277 6,83 2,594,91 1,397,339 4,69,394 * 6,83 11,383 2,675,19 * 1,68,64 * 3,2,698 11,383 15,936 2,464,983 1,234,517 3,136,814 15,936 77,233 2,551,145 1,477,376 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit (Loss) % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. Extraordinary/Except. items Exceptional Items 9,135, ,353, ,353, ,866, ,86, ,552, ,845,998 * ,459, ,328,112 (4.36) (125,365) 5,65,264 * ,1,847 * (16.56) 1,388,644 * 46.8 (175,117)* 5,129,571 5,498,478 (6.71) (12.84) 1,319,319 1,212, ,576 1,4,135 (5.33) (75,796) 126,184 IMPORTANT RATIOS Debt/Equity Ratio Current Assets Ratio Return on Equity Operating (Loss) Profit Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25

66 Dyoll Group Limited (DYOL JMP359616) Financial Year End December 31 Board of Directors P. Lawson (Chairman); Dr. D. King (Chairman effective Dec. 19, 25); A. Garcia; H. Singh; D. Azan Secretary Registrar Mrs. Fay Chang Rhule NCB Jamaica (Nominees) Ltd., 32 Trafalgar Road, Kingston Knutsford Blvd. Kingston 5 Financial Data BALANCE SHEET () No. of Shares issued ,291 6,291 6,921 6,921 6,921 6,921 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 116,885 22,88 26,463 86,687 5, ,69 26,113 29,792 89,648 22, ,476 54,58 54,588 1,148, , ,952 * 23,693 24,13 952,974 * 111, ,961 14,564 * 15,248 * 939,92 169, ,766 * 1,86 2, ,212 * 165,418 * PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit (Loss) % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. Extraordinary items Exceptional items Minority Interests 22,27 (82.73) (55,793) 52.9 (52,724) ,589 (9.66) (36,491) (117.33) (39,425) (124.3) 1,376, , , , ,4 * ,159 * ,663 (8,279) 16, , ,54 * (45.66) 22,953 (96.66) 94,667 (44,964) 4, , ,89 * ,31 * 1,34.45 (26,987) (786) IMPORTANT RATIOS Debt Ratio\Equity Ratio Current Assets Ratio Return on Equity Operating Profit (Loss) Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio (45.11) (251.24) (.87) 1.85 (2.13) (23.24) (28.38) (.65) 16.6 (25.54) * Jamaica Stock Exchange Year Book 25 64

67 First Caribbean International Bank (FCIB) Financial Year End October 31 Directors: Secretary: Registrar & Transfer Agent: Subsidiaries: Principal Activity: Michael Mansoor (Chairman); Kyffin Simpson; Charles Pink; Ron Lalonde; Robert Hunter; John Eaton; Sir Allan Fields; Chester Feldberg; Sir Fred Gollop; David Ritch; Richard Venn; Teresa Butler; David Roberts. Ella N. Hoyos First Caribbean International Trust & Merchant Bank (Barbados) FCIB (Barbados) Ltd.; FCIB (Offshore) Ltd.; FCIB (Bahamas); FCIB (Ja.) Banking and related activities. Financial Data BALANCE SHEET () No. of Shares issued $US 1,525,176 $US 1,525,934 $Bds 611,81 $Bds 611,81 $Bds 611,81 $Bds 611,81 Shareholders' Equity Total Assets Deposits Loans Investments 1,112,667 9,567,933 7,7,82 4,63, ,457 1,27,13 8,648,72 7,337,636 3,933, ,396 2,222,914 17,28,16 14,512,188 7,12,515 1,548,259 1,988,726 17,658,872 15,14,879 7,453,146 1,882, ,276 9,189,54 8,191,737 3,76,574 2,42,92 549,729 * 7,88,727 * 6,716,869 3,411,184 2,254,213 * PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Extraordinary items Exceptional Items 715, , , ,26 N/A 18,795 N/A 88,542 N/A 1,, ,532 1, ,91 1, ,752 (31.51) 11,79 (93.64) 11,22 (93.62) 729, , , , ,322 * ,284 * IMPORTANT RATIOS Return on equity Asset Growth Deposit Growth Loan Growth Loan & Invest.Growth Return on Assets Operating Profit Margin Earnings Per Share Closing Stock Price N/A N/A N/A N/A (2.55) (4.15) (4.46) (7.14) Note : Closing stock price quoted in Ja. $ 65 Jamaica Stock Exchange Year Book 25

68 Jamaica Stock Exchange Year Book 25 66

69 First Caribbean International Bank (FCIB) (Ja.) Financial Year End October 31 Board of Directors Michael Mansoor (Chairman); Anthony J. Bell; Albert Webb; Christopher Bovell, M.A., L.L.M.; Peter D. McConnell, C.D.; Milton Brady; Horace Cobham; Professor Neville Ying. Secretary Allison C. Rattray Registrar First Caribbean International Securities Limited 2327 Knutsford Blvd., Kingston 5 Subsidiaries FirstCaribbean International Building Society Principal Activity Commercial Banking Financial Data BALANCE SHEET () No. of Shares issued , , , , , ,333 Shareholders' Equity Total Assets Deposits Loans Investments 3,33,493 23,529,689 19,799,982 13,716,76 1,467,374 2,548,166 2,14,461 16,645,586 8,448,67 2,255,759 2,166,989 19,371,658 16,561,713 7,61,581 2,659,287 1,683,459 * 17,874,517 * 15,742,973 5,159,85 2,135,521 1,367,441 19,565,881 17,395,795 5,844,641 2,45,5 1,167,852 15,889,185 13,884,255 5,379,335 1,843,73 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Extraordinary items Exceptional Items 2,92, , , ,892, ,559 (23.26) 381,177 (24.2) 2,878, , , ,692, ,727 * (41.14) 168,744 * (32.98) (122,951) 2,689, , , ,42, , , IMPORTANT RATIOS Return on equity Asset Growth Deposit Growth Loan Growth Loan & Invest. Growth Return on Assets Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio (8.64) (9.5) (11.72) (7.53) * Jamaica Stock Exchange Year Book 25

70 First Jamaica Investments Ltd. (FLIFE JMP ) Financial Year End December 31 Directors: Secretary: Registrar & Transfer Agent: Subsidiaries: Associated Companies: Principal Activities: Hon. Maurice W. Facey, O.J., J.P. (Chairman); Stephen B. Facey, M. Arch.; (CEO); W.G. Bryan Ewen, F.C.A. C.A. Lloyd Facey, J.P.; F.P.S; Roy Collister, B.A., (Com.), F.C.A.; James E. Morrison, M.Sc., C.A.; Donovan H. Perkins, M.B.A. Gene M. Douglas, F.C.I.S.; M.B.A Pan Caribbean Merchant Bank Limited Corporate Trust Department, 6 Knutsford Boulevard, Kingston 5. Portfolio Partners Limited; Jamaica Property Company Limited; Jamaica Property Development Limited; Jamaica Property Management Limited; St. Andrew Developers Limited; Knutsford Holdings Limited; Impan Properties Limited; Imbrook Properties Limited. Life of Jamaica Limited. Investment Management. Telephone No: (876) Financial Data BALANCE SHEET () No. of Shares issued ,5 33,5 3,258 3,258 3, 3, Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 7,642,174 7, ,357 8,224,447 35,676 5,277,636 * 139,751 * 47,891 * 7,469,854 * 729,289 * 3,453,192 3,159 * 1,519,34 22,924,596 3,819,293 * 2,736,458 * 134,645 1,59,93 17,896,865 * 3,38,771 * 2,574,424 63,919 * 1,54,426 * 7,171,97 * 2,368,23 * 1,96,846 43,77 254,738 4,96,812 * 647,522 * PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Minority Interest Exceptional Items 891, ,149, ,732, ,591, ,69 * (87.61) 991,995 * ,593, (17,36) 5,113, , , (78,699) 3,517,826 * ,75 * ,21 * 2.65 (82,52) 2,47,53 * (2.13) 456,624 * , * (51,37) 2,92, , , IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25 68

71 Gleaner Company Ltd. (GLNR JMP4744S145) Financial Year End December 31 Directors: Company Secretary: Subsidiaries: Registrar: Principal Activities The Hon. Oliver F. Clarke, O.J. (Chairman/Managing Director); The Hon. John J. Issa, O.J. (Vice Chairman); Prof. The Hon. Gerald C. Lalor, O.J. (Retired December 8, 25); Christopher S. Roberts; Joseph M. Matalon; Douglas R. Orane; C.D.; Dr. Carol Archer; Morin. M. Seymour; Lisa G. Johnson; H. Winston R. Dear. Collin Bourne Sangster's Book Stores Limited; The Book Shop Limited; Popular Printer Limited; Creek Investment Limited; Selectco Publications Limited; Associated Enterprise Limited; Independent Radio Company Limited; V G Media Group Limited; Vee Tee Ay (Media Resources) Limited; Gleaner Company (Can.) Inc.; The Gleaner Co. (USA) Limited. Scotia Jamaica Investment Management Limited; Scotiabank Centre Cnr. Duke & Port Royal Streets. Publication/Printing of Newspaper and the sale of books. Web Site Tele No. (876) Financial Data BALANCE SHEET () No. of Shares issued ,211,243 1,211,243 1,211,243 1,24, ,82 698,795 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 2,36,98 49,169 83,921 1,192, ,828 1,947,147 * 116, ,535 1,236,486 * 683,233 * 1,655,59 14,871 28,544 1,39, ,981 1,413,44 * 2,32 32,236 1,293,799 * 331,75 1,251,32 18,23 27,815 1,156,443 38,372 1,128,999 13,393 23,391 1,67, ,76 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Exceptional Items 3,291, ,656 (5.13) 179,455 (51.4) 2,938,637 * ,72 * ,529 * ,116 2,546, , , ,14 2,273, ,876 * ,898 * ,815 2,1, ,838 (9.22) 169,254 (1.51) 12,435 1,744, , , ,291 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio Jamaica Stock Exchange Year Book 25

72 Jamaica Stock Exchange Year Book 25 7

73 Goodyear Jamaica Ltd. (GYR JMP ) Financial Year End December 31 Directors: Company Secretary: Principal Activities S. Miller; R. A. Jenkinson; V. M. Goldson; D. Wells; E. Fortunato (Chairman); R. Zanola; T. Miller. M. Wallace Trading Address: Goodyear Jamaica Ltd., 23 Spanish Town Road, Kingston 11 Tele No. (876) Financial Data BALANCE SHEET () No. of Shares issued ,4 59,4 59,4 59,4 59,4 59,4 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Extraordinary Items 461,594 16, , , ,22 14, ,12 164, ,49 16,41 485, ,77 387,475 * 4,754 * 1, ,77 * 12, ,319 1,626 4,34 454,922 92, ,535 4,5 7, ,16 12,584 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. Exceptional Items 1,178, , , ,45, ,21 (24.41) 5,871 (19.3) 864, , , ,56 (13.2) 47,428 * (43.44) 33,911 * (32.8) 817, ,85 (27.77) 5,464 (39.) 716, , , ,486 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25

74 GraceKennedy & Company Ltd.(GKC JMP ) Financial Year End December 31 Board of Directors Secretary Registrar Douglas R. Orane (Chairman & CEO); Erwin M. Burton; Christopher D. R Bovell; LeRoy E. Bookal; G. Raymond Chang; M. Audrey Hinchcliffe; Brian A.L. Goldson; John J. Issa; John P. Mahfood; Peter N.MossSolomon; Gordon; K.G. Sharp Gordon; V. Shirley; Donald G. Wehby; Joseph E. Taffe. Karen Chin Quee Akin GraceKennedy Limited. P.O. Box 86, 73 Harbour Street, Kingston Tel.Nos: (876) gracekennedy@gkco.com Subsidiaries Resident in Jamaica: Allied Insurance Brokers Limited; First Global Bank; First Global Financial Services; First Global Insurance Consultants Limited; First Global Leasing Limited (formerly Global Capital Services Limited); Grace Food Processors Limited; Grace Food Processors (Canning) Limited; Grace Kennedy Shipping Limited (formerly Grace, Kennedy & Company (Shipping) Limited); Grace, Kennedy Currency Trading Services Limited; Grace Foods International Limited; Grace, Kennedy Payment Services Limited; Grace Kennedy Remittance Services Limited (formerly Grace, Kennedy Remittance Services Limited); Horizon Shipping Limited; Hardware & Lumber Limited (58.1%) and its Subsidiaries AgroGrace Limited, H&L True Value, H&L Agri and Marine Company Limited, Hole in the Wall Limited, Office Services Limited, Rapid & Sheffield Company Limited, Wherry Wharf Sales Company Limited; HiLo Food Stores (Jamaica) Limited; H. Macaulay Orrett Limited; International Communications Limited; Jamaica International Insurance Company Limited; MediGrace Limited; National Processors Limited; Port Services Limited (97.2%); Versair InFlight Services Limited (51%) and its subsidiaryindustrial Catering Services Limited (51%); World Brands Services Limited. Resident outside of Jamaica: Associated Companies First Global Insurance Agency Limited, Turks and Caicos Island; Grace Foods Limited, Bermuda; Grace Foods (USA) Inc., U.S.A.; Grace, Kennedy (Belize) Limited, Belize (66%); Grace Kennedy (Ontario) Inc.), Canada and its subsidiary Grace, Kennedy (Caribbean) Limited, Turks and Caicos Island; Grace, Kennedy (Guyana) Inc., Guyana; Grace Kennedy Remittance Services (Turks and Caicos) Limited (formerly Grace, Kennedy Remittance Services (Turks & Caicos) Limited), Turks and Caicos Islands; Grace, Kennedy Remittance Services (USA) Inc., U.S.A., GraceKennedy Financial Services (USA) Inc. (formerly Grace, Kennedy Financial Services (USA) Inc.), U.S.A.; Grace, Kennedy (St. Lucia) Limited, St. Lucia; Grace, Kennedy (Trinidad & Tobago) Limited, Trinidad and Tobago and its subsidiary Grace, Kennedy Remittance Services (Trinidad & Tobago) Limited, Trinidad & Tobago; GraceKennedy (U.K.) Limited (formerly Grace, Kennedy (U.K.) Limited), United kingdom; Grace, Kennedy (USA) Inc., U.S.A; GraceKennedy Securities (USA) Inc., (formerly Grace, Kennedy Securities (USA) Inc.), U.S.A.; Grace, Kennedy Trade Finance Limited, Belize; Graken Holdings Limited, Turks and Caicos Islands and its subsidiaries First Global (Cayman) Limited, Cayman Islands GK Fund Management (Cayman) Limited, Cayman Islands; Knutsford Re, Turks and Caicos Islands. Acra Financial Services Inc.; Carib Star Shipping Limited; Challenge Enterprises Limited; CSGK Finance Holdings Limited; Dairy Industries (Jamaica) Limited; EC Global Insurance Company Limited; Fidelity Motors Limited; Fish Importers Limited; Medecus Health Insurance Agency Limited; Telecommunications Alliance Limited Principal Activities Merchandising of general goods and food products, both locally and internationally; processing and distribution of dairy and meat products; merchandising of agricultural and pharmaceutical supplies, stationery, hardware and lumber; Institutional and airline catering; operation of a chain of supermarkets; general insurance and insurance brokerage; commercial banking; investment management; lease and trade financing; stockbrokerage, pension management; operation Of money transfer services; bill payment services and International telecommunications services. Jamaica Stock Exchange Year Book 25 72

75 GraceKennedy & Company Ltd.(GKC JMP ) Financial Data BALANCE SHEET () No. of Shares issued , , , ,75 266, ,589 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Minority Interest 15,24,59 1,571,365 5,186,283 46,3,838 4,146, ,234 13,351,973 * 1,474,367 3,738,475 * 4,297,753 * 34,544,797 * 57,527 11,568,339 1,429,491 3,32,936 33,429,753 29,152,191 * 46,32 9,466,478 * 613,998 2,1,645 26,72,37 * 23,561,47 * 227,776 * 6,433, ,84 2,141,24 1,623,538 8,192, ,3 5,44,775 6,827 1,732,536 6,997,598 5,22, ,374 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Exceptional Items Extraordinary Items Minority Interest 33,31, ,55,247 (3.6) 2,121,694 (6.66) 46,758 3,73, ,151,837 * ,273,8 * ,712 24,765, ,668, ,4, ,327 19,66,593 * ,46,696 * ,636,571 * (2,53) 33,36 * 15,422, ,333, ,56, (23,69) 46,656 14,13, ,3, , ,314 48,111 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25

76 Jamaica Stock Exchange Year Book 25 74

77 Guardian Holdings Limited Financial Year End December 31 Board of Directors Secretary Registrar Subsidiaries Principal Activities Arthur Lok Jack (Chairman); Peter Ganteaume (CEO); Douglas Camacho; Dr.Terrence Farrell; Philip HamelSmith; Peter July; Dr. Aleem Mohammed; Selby Wilson; Gary Voss; Dr. George Phillip; Anthony Lancaster; Imtiaz Ahamad; David Davies. Fe LopezCollymore Guardian Holdings Ltd., 1 Guardian Drive, Westmoorings, Trinidad & Tobago. Guardian Life of the Caribbean Ltd.; Guardian Life Ltd.; Guardian Properties Ltd.; Risks Management Servs. Ltd.; Fatum Holding N.V.; Guardian Asset Management Ltd.; Bancassurance Caribbean Ltd.; Colrich Ltd.; Caribbean Home Insurance Co. Ltd. Financial Services Financial Data BALANCE SHEET () No. of Shares issued TT$ 21,7 TT$ 191,619 TT$ 19,728 TT$ 16,236 TT$ 158,127 TT$ 125,625 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Minority Interest 3,714,833 11,798,342 2,313, ,162 1,88,12 16,915 3,164,554 * 1,494,444 * 2,145,235 * 654,667 * 1,814,283 * 14,141 2,51,431 7,396,722 * 2,5,472 63,486 * 1,664,346 14,65 1,123,376 * 4,717,11 * 1,444,636 1,14, ,592 59, ,87 4,322,381 1,155,98 819,81 59,12 511, ,75 3,57, , ,588 97, ,75 PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Minority Interest 4,381, ,959 (35.5) 372,224 (35.81) 3,16 3,594,95 * ,987 * (44.88) 579,871 * (47.82) 1,1 * 2,826, ,273, ,111, (55,693) 1,521, ,12 (6.4) 222,344 (2.31) (38,549) 1,24, , , (33,475) 919, , , (13,865) IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price Note : Closing stock price quoted in Ja. $ 75 Jamaica Stock Exchange Year Book 25

78 Hardware & Lumber Ltd. (HL JMP532G188) Financial Year End December 31 Directors: Secretary: Registrar & Transfer Agent: Subsidiary Companies: Principal Activities: Douglas R. Orane, M.B.A., B.Sc., C.D., J.P. (Chairman); John P. Mahfood, C.P.A., C.A. (Deputy Chairman); A. Anthony Holness, F.C.A., F.C.C.A. (Chief Executive Officer); Erwin M. Burton, M.Sc., B.Sc., J.P.; Rodney S. Davis, B.B.M., C.I.C.A., I.C.A.O.; W.G. Bryan Ewen, F.C.A.; Stephen B. Facey, M.Arch, B.A.; Donald G. Wehby, M.Sc. (Acctg.), B.Sc. (Hons.), C.A. Gene M. Douglas, M.B.A., F.C.I.S. Pan Caribbean Merchant Bank Limited Corporate Trust Department, 6 Knutsford Boulevard, Kingston 5. AgroGrace Limited, H & L True Value Limited, Holeinthe Wall Limited, OSL Scaffolding Limited, H & L Agri & Marine Company Limited, Wherry Wharf Sales Company Limited, Rapid & Sheffield Company Limited. Hardware merchants, suppliers of home improvement and agricultural products. Telephone Nos: (876) /6 Financial Data BALANCE SHEET () No. of Shares issued ,842 67,368 67,368 4, 4, 4, Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 1,127,951 27, ,93 2,125,963 1,438,571 72,371 * 18,257 * 237,176 2,42,175 * 1,683,618 * 65, ,83 * 156,887 1,35,4 * 1,7,488 * 313,57 * 37,875 * 49,785 * 537,61 * 364,79 * 379,945 * 27,89 * 76,94 * 417,344 28,37 369,593 * 2,352 * 122,715 * 457,195 * 361,493 * PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Extraordinary items Exceptional Item 5,332,857 (3.37) 1,431 (62.25) 69,478 (58.89) 5,518, ,76 * ,11 * ,639, , ,583 (8.81) 1,628, ,368 * ,892 * ,52, ,87 (44.99) 16,352 (15.54) (7,32) 1,365, ,848 * (31.95) 19,361 * (41.66) IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25 76

79 77 Jamaica Stock Exchange Year Book 25

80 Jamaica Broilers Group (JBG JMP5892N121) Financial Year End April 3 Board of Directors Secretary Registrar Subsidiaries Principal Activities Hon. R Danvers Williams (Chairman); Robert E. Levy; Phillip Levy (President/CEO); Hirlie E. Williams; Douglas B. Senior; Barrington A. Pryce; Malcolm D.L. McDonald; Aubyn Hill; Christopher Levy; Trevor Dewdney; Andrew M. Mahfood; Claudette Cooke. Peter A. DePass Duke Corporation, Scotiabank Centre, Duke Street, Kingston. Aquaculture Jamaica Ltd; Jamaica Poultry Breeders Ltd; Jabexco Ltd.; West Indies Nutritional Corp Ltd.; Content Agricultural Products Ltd.; Master Blend Feeds Limited; Best Dressed Chicken Ltd.; J.B. Trading Ltd.; Jamaica Eggs Service Ltd.; Levy Industries Ltd.; Aqualapia Ltd., Energy Association Ltd.; Fresh Water Snapper Ltd.; T. Hart Farms Ltd. Producers and suppliers of meat protein and animal feeds and associated services. Financial Data BALANCE SHEET () No. of Shares issued ,199,277 1,199,277 1,27, , ,47 642,47 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Minority Interest 3,25,275 23, ,2 3,15,796 1,963,76 5,145 2,648,21 212, ,477 2,396,961 1,811,51 5,145 2,31,94 * 51,563 1,2,885 2,392,724 * 1,287,737 * 5,145 2,19, , ,98,199 1,152,221 1,796,397 21,37 893,984 1,715,58 1,51,16 1,513, , ,124 1,58,925 1,358,791 PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Exceptional Items Extraordinary Items 9,146, , , ,173, , , ,87, ,77 * (16.35) 358,326 * ,6 6,422, , , ,362 * 6,47, , , ,394, , , (17,26). IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25

81 JAMAICA BROILERS ADVT MAC Formatted Jamaica Stock Exchange Year Book 25 79

82 Jamaica Livestock Association Ltd. (JLA7.5 JMP ) Financial Year End November 3 Board of Directors Secretary Registrar Subsidiaries Principal Activities Dr. John Masterton (Chairman); Henry J. Rainford (Vice Chairman/Managing&CEO); Arthur E. Barrett, A. Barclay Ewart; Steven Fong Yee; Martin Hopwood; Dr. Franklin Johnston; Richard Lake; Dr. Karl Wellington; Andrea Sweeney. Andrea Sweeney Scotiabank Jamaica Trust & Merchant Bank Ltd., Scotia Cnr. Duke & Port Royal Streets, Kingston JLA Hatchery Ltd; Henmor Ltd; JLA Feeds Ltd. Manufacture and sale of animal feeds, animal drugs, farm equipment & supplies and dayold chickens. /Website Website Address jlapurch@cwjamaica.com Financial Data BALANCE SHEET () No. of Shares issued ,453 57,453 57,453 57,453 57,453 57,453 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 246,891 11,994 63, , , , , , , ,389 5,961 73,198 19,489 23,56 221,919 * 16,193 8,926 16,85 * 178,15 214,965 31,548 77, , , ,94 49,723 19,379 13,877 * 121,19 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit (Loss) % incr (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. 1,135, ,755 (51.4) 12, , , , , ,924 1, ,6 (36.7) (15,715.38) 6,41 (9.2) (95) * 15.1 (26) * (1.13) 659, , , , , , IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit (Loss) Margin Earnings (Loss) Per Preference Share Closing Stock Price P.E. Ratio (.1) (.16) (.5) 1.1 (22.) Jamaica Stock Exchange Year Book 25

83 Jamaica Stock Exchange Year Book 25 81

84 Jamaica Money Market Brokers Ltd. (JMMB JMP ) Financial Year End March 31 Board of Directors Secretary Registrar Subsidiaries Dr. Noel A. Lyon, Ph.D (Chairman); Donna K. DuncanScott, CFA, MBA; Keith P. Duncan; Archibald A. Campbell, M.Sc., F.C.A.; Dennis L. Harris, F.C.C.A.; V Andrew Whyte, MBA; Wayne Sutherland; Marguerite R. Orane; Richard J. Trotman; Cedric Stewart; Ramasundaram Ramesh. Marc Harrison KPMG Regulatory & Compliance Services, 6 Duke St. Kingston. JMMB Securities Ltd.; JMMB Insurance Brokers Ltd.; JMMB Select Index Fund Ltd.; JMMB Securities Fund Services Ltd. Principal Activities Website: Equity trading and fixed income investment info@jmmb.com Financial Data BALANCE SHEET () No. of Shares issued ,463,386 1,463,386 1,463, ,246 Shareholders' Equity Total Assets Investments Minority Interest 5,286,889 63,244,393 57,123,13 7,51 4,83,76 * 61,37,724 * 55,887,955 1,861,536 * 48,945,993 * 44,274,999 * 1,174,11 39,22,166 31,294,11 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Exceptional items 8,348,358 (16.13) 1,765, ,651, ,953,795 * ,518, ,55,213 * ,748,837 * ,575 * ,38,252 * ,955, , ,956 IMPORTANT RATIOS Return on Equity Asset Growth Investment Growth Repo Agreement Growth Return on Assets Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio (.71) * * Jamaica Stock Exchange Year Book 25

85 Jamaica Stock Exchange Year Book 25 83

86 Jamaica Pegasus Hotel Financial Year End March 31 Board of Directors Secretary Registrar & Transfer Office: Principal Activities Address Website Address Telephone: Fax: Dr. The Hon. John J. Issa Chairman; Ivan Anderson; Denzil Barnes; Christopher Bovell; Marjorie Campbell; Dr. The Hon. Vincent Lawrence; B. Anthony Lindo; Hon. Shirley Tyndall Marlene McLean N.C.B. Jamaica (Nominees) Limited. 32 Trafalgar Road, Kingston 1. Jamaica, W.I. Hotel Operators (876) (876) / Financial Data BALANCE SHEET () No. of Shares issued ,166 12, , , , ,444 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 2,288,58 14,448 37, ,73 95,432 2,14,691 15,413 35, ,589 81,123 1,832,879 * 35,479 * 57,693 * 167,543 * 63,48 877,2 * 28,36 44,195 * 97,587 47,6 889,36 24,78 32,61 85,6 71,434 92,822 2,383 79,672 6,672 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit/(Loss) % incr. (decr.) over prior yr. Aftertax Profit/(Loss) % incr. (decr.) over prior yr. Exceptional Item 589, , , , , , , ,626 * ,664 * , (12,756) 61.9 (12,756) , (33,484) (14.47) (33,484) (46.41) 315, (29,251) (22,87) ,381 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * (1.44) (3.3) (.11) 1.5 (13.64) (3.7) (9.55) (.29) 1.2 (4.14) (2.45) (9.27) (.2) 1.69 (8.45) 84 Jamaica Stock Exchange Year Book 25

87 Jamaica Stock Exchange Year Book 25 85

88 Jamaica Producers Group Ltd. (JP JMP589317) Financial Year End December 31 Board Of Directors Charles Johnston, B.Sc. (Econ) Chairman; Marshall Hall C.D., Ph.D. (Group Managing Director); Peter K.Morris; B.Sc. (Hons), M.B.A.; Hon. Emil George, O.J., Q.C., B.C.L., M.A, (Oxon); Mrs. Dahlia Kelly, B.Sc.; Prof. Alvin Wint, B.Sc., M.B.A., D.B.A.; Michael R. Lord, O.B.E.; David McConnell; John O. Minott, C.D., B.Com., J.P.; David Read, O.B.E.; Aubrey Ffrench; Mrs. Kathleen A.J Moss, B.Sc., M.B.A., C.B.V.; Jeffrey Hall, B.A, M.P.P., J.D. Secretary Kermitt McGann, F.C.A., M.B.A. Registrar Mrs. Janet Shaw: Inhouse, 6a Oxford Road, Kingston 5 Subsidiaries Associated Companies Principal Activities Jamaica Banana Producers Steamship Company Ltd.: Agualta Vale Ltd.: St. Mary Banana Estates Ltd.: The Jamaica Producers Marketing Co. Ltd.: Cariban Ltd.: JP Fruit Distributors Ltd.: Producers Fruit Distributors Ltd.: Jamaica Producers Ripening Co. Ltd.: JBFS Investments Ltd.: Crescent Developments Ltd.: Southern Shipping Co. Ltd.: P.S.C Ltd.: Jamaica Producers Shipping Co. Ltd.: Jamaica Producers Marketing (USA) Inc.: SFG Holdings Ltd.: Central American Banana (25) Ltd.: Sunjuice Ltd.: Astrol Properties Ltd.: Cia Bananera de Tropico JP, S.A.: Cia Commercializadora Productos Limon.: Eastern Banana Estates Ltd.: Victoria Banana Company Ltd.: Agri Services Ltd.: Trinjam Food Processors Ltd.: Frobishers Juices Ltd. Belvedere Ltd. The cultivation, marketing and distribution of bananas and other fresh produce locally and overseas, juice manufacturing and distribution, shipping and the holding of investment. Financial Data BALANCE SHEET () No. of Shares issued ,24 187,24 187,24 187,24 187,24 187,24 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 8,39,44 557, ,1 6,631,215 3,313,98 9,115,241 * 27, ,944 6,329,31 3,412,558 * 6,451,16 234, ,989 * 5,56,42 * 3,5,536 * 4,919,542 * 26, ,998 3,963,899 2,392,677 * 2,44, , ,959 2,816,179 2,172,21 2,87, , ,334 2,773,14 1,851,696 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Extraordinary/except. items Minority Interests 26,311, ,29 (12.6) 461,567 (3.33) 81,247 21,979,915 * ,74 (33.64) 477,485 (45.51) 51,167 * 18,412, ,71,29 * ,36 * 2.33 (5,923) 15,454 14,97, ,618 * ,46 * (24,51) (13,492) 12,846, , ,556 (1.94) (421,61) (38,12) 11,91,475 (.77) 146,741 (49.49) 8,17 (48.58) (4,888) (6,576) IMPORTANT RATIOS Debt/Equity Ratio Current Assets ratio Return on equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25

89 Kingston Wharves Ltd. (KW JMP ) Financial Year End December 31 Board of Directors Secretary Registrar & Transfer Office Subsidiaries Principal Activities Grantley St. J. Stephenson (Executive Chairman); Gary Hendrickson; Roger Hinds; Charles H. Johnston; Alvin Henry; Stephen LynKeeChow; Kim N. Clarke; Robert Almeidia; Peter Lawson; Joseph Sferrazza; Harriat Maragh. Roger Hinds Veritat Corporation 6 Duke Street, Kingston. Western Terminals Ltd.; Harbor Cold Stores Ltd.; Western Storage Ltd.; Kingston Terminal Operators Ltd. (Nontrading); Security Administrators Ltd.; Ja. Cooling Stores Ltd. (Nontrading) Receipt, storage and delivery of cargo. Website Address Financial Data BALANCE SHEET () No. of Shares issued ,72,65 1,72,65 1,72,65 1,72,598 1,7, ,386 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 4,45,831 65, , ,65 348,633 3,332, , ,8 733,589 28,18 3,164, , , ,46 27,897 3,122,695 * 212,99 277, ,827 28,59 * 2,694,798 * 66,278 * 1,614 * 543,51 * 2,399 * 2,533,936 56,57 74, ,517 16,41 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Exceptional items Extraordinary Items 1,875, , , ,536, , , ,164, ,381 (33.11) 66,88 (55.31) 1,16,479 * (1.89) 19,442 * ,52 * (4.49) 1,127, ,634 (28.25) 156,532 (7.97) 1,19, ,571 (1.59) 17, ,749 (3,2) IMPORTANT RATIOS Debt/Equity Ratio Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25 87

90 88 Jamaica Stock Exchange Year Book 25

91 Lascelles, de Mercado & Co. Ltd. (LAS JMP629214) Financial Year End September 3 Names of Directors Secretary George N. Ashenheim (Chairman), William A. McConnell (Managing Director), David C. Henriques, Richard G. Ashenheim and Anthony Bell. Jane George Registrar and Marvia J. Williams Transfer Office 23 Dominica Drive, First Floor, Kingston 5 Subsidiaries Principal Activities Address Ajas Limited; C.P. Stephenson Limited; Globe Insurance Company of the West Indies Limited and its whollyowned subsidiary GWI Limited; Globe Holdings Limited and its whollyowned subsidiaries Globe Insurance Company of Jamaica Limited and Twickenham Insurance Company; John Crook Limited; Lascelles Merchandise Limited and its subsidiaries Lascelles Laboratories Limited and West Indies Metal Products Limited; Tradewell Limited; Turks Island importers Limited and its whollyowned subsidiary Timco Limited; Wray & Nephew Group and its whollyowned subsidiaries. The provision of Management services to its subsidiaries and the holding of investments. cosec@lascellesdemercado.com Telephone Number (876) Financial Data BALANCE SHEET () No. of Shares issued , 96, 96, 96, 96, 96, Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Minority Interest 15,64, ,96 1,232,936 12,172,758 5,876,162 13,436, ,659 1,375,997 1,75,746 5,386,857 11,356, ,997 * 2,341,749 * 9,976,916 * 5,253,711 * 4,813 * 9,52,638 * 41,886 2,224,371 7,514,118 * 3,597,61 * 12,162 5,685, ,62 1,835,97 6,428,873 2,559,498 13,54 4,667,94 189,688 1,717,53 * 5,23,18 * 2,61,842 5,783 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr.(decr.) over prior yr. Extraordinary item Minority Interest 18,285, ,111, ,889, ,9, ,86, ,59, ,383,592 * ,117,49 * (11.22) 942,524 * (17.63) 1,121 * 11,322,967 * ,258,182 * ,144,266 * , ,821, ,79, , (58) 7,96, , , ,48 86 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25 89

92 9 Jamaica Stock Exchange Year Book 25

93 Life of Jamaica Limited (LOJ JMP ) Financial Year End December 31 Board of Director J. Arthur Bethell; Richard Byles; M. Patricia Downes Grant; Micheal Fraser; Dodridge Miller; David Allan; Hon. R.D. Williams; Jeffrey Cobham; Marjorie ChevannesCampbell; Paul Facey; Stephen Facey; W.G. Bryan Ewen. Secretary Donna Stephenson (Miss) Registrar Life of Jamaica Limited Sudsidaries LOJ Property Management Ltd; LOJ Pooled Investment Funds Ltd; Employee Benefits Administrator Ltd; Sagior Life of the Cayman Islands Ltd; Sagicor Re Insurance Ltd. (Cayman); PanCaribbean Financial Services Limited; Cayman General Insurance Company Limited. Website Financial Data BALANCE SHEET () No. of Shares issued ,716,449 2,543,69 2,52,897 1,656,248 1,656,248 54,816 Shareholders' Equity Policyholders Fund Gearing Debt Total Assets Total Liabilities 11,61,478 14,598,886 19,767 7,669,887 54,78,413 6,151,427 * 11,762,958 * 154,943 2,273,692 * 14,122,265 * 3,84,148 6,154,29 9,429 16,363,353 12,523,25 1,359,589 * 4,23,93 19,27 1,866,757 * 9,57,168 * 456,172 3,588,94 65,393 5,51,837 5,54, ,77 7,912,961 1,318,966 14,963,155 14,85,385 PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Extraordinary Item 12,136, ,489, ,78, ,5, ,69, ,433, ,63, ,296, ,28, ,38,889 * (28.81) 91,561 * ,391 * ,673, , , (121,244) 4,93,874 (7.83) 32, ,132 (19.24) (2,214) IMPORTANT RATIOS Debt/Equity Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * (27.11) Jamaica Stock Exchange Year Book 25 91

94 JAMAICA CENTRAL SECURITIES DEPOSITORY LIMITED Log on to: and click the JCSD link. Get quick access to information on your shareholding at anytime. YOUR INVESTMENT HOLDINGS AT YOUR FINGERTIPS. 92 Jamaica Stock Exchange Year Book 25

95 Mayberry Investments Ltd. JMP6464F15 Board of Directors Christopher Berry (Chairman); Konrad Berry (Vice Chairman); Erwin Angus (Managing Director); Gary Peart (Chief Executive Officer); Sharon HarveyWilson; Nigel Bair; Doris Berry; Benito F. Palomino; David P. McBean. Secretary Registrar And Transfer Agent Website and Address Konrad Berry Jamaica Central Securities Depository Ltd., 4 Harbour Street, Kingston. Financial Data BALANCE SHEET () No. of Shares issued ,21, ,25 Shareholders' Equity Total Assets Management Fund Loans & Bank Overdraft Investments PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. 2,579,464 17,356,43 2,733,649 1,88,3894 2,98,34 (17.23) 22,279 (94.39) 88,131 (76.71) 962,68 16,436,24 1,992,743 2,747,974 2,535, , ,384 IMPORTANT RATIOS Debt/Equity Return on Equity Operating Profit (Loss) Earnings/Loss Per Share Closing Stock Price P.E. Ratio Jamaica Stock Exchange Year Book 25 93

96 Montego Bay Ice Co. Ltd. (MBICE JMP ) Financial Year End December 31 Board of Directors Mark Hart (Chairman); T. Chin (Managing Director); H.G. Anderson; A. Brennan; M. Fray; P. Hart; K. Armstrong; Mrs. S.M.Allen; R. Anthony Jones; R.O. Cooke Secretary Registrar Subsidiaries Principal Activities Seville M. Allen Sheila T. Lewis Montego Cold Storage Limited, Deans Valley Ice Limited. Manufacture and sale of ice and the rental of cold storage facilities. Financial Data BALANCE SHEET () No. of Shares issued ,161 6,161 6,161 6,161 6,161 6,161 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 144, ,542 7,81 141, ,643 7,245 8,94 139,563 2,643 4,583 71,86 14,79 131,295 * 4,583 6,523 54,956 7,632 * 132,291 6,523 9,372 47,666 7, ,99 2,6 4,27 4,441 6,965 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr. (decr.) over prior yr. Minority Interest 44,55 (8.25) 4,395 (26.73) 3,658 (14.47) (1,326) 48,556 (7.9) 5,998 (71.19) 4,277 (73.68) (736) 52, , , ,932 (7.53) 12,512 * ,867 * 9.92 (739) 52, , , (1,82) (684) 38,168 (3.65) 7, , (81) IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25 94

97 Montego Freeport Ltd. (MFP JMP ) Financial Year End March 31 Board of Directors Secretary Registrar Subsidiaries Principal Activities Telephone Fax Dr. The Hon. Vincent Lawrence Chairman; Maizie O'ReggioAlexander Marjorie Campbell; Daniel Samuels; Noel Sloley; Jewell Spencer; Faith Thomas Managing Director Marlene McLean Montego Freeport P.O. Box 33, Montego Bay Montego Shopping Centre Limited Sale of Land (876) /8141 (876) Financial Data BALANCE SHEET () No. of Shares issued ,66 563,66 563,66 563,66 563,66 563,66 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 1,775, ,16 4,892 2,251,95 757,763 17,58 2,8,928 * 335,984 85,2 642, ,632 18,75 63, ,733 36,8 574, ,72 23,485 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit (Loss) % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr (decr.). over prior yr. Exceptional Items 1,14 (79.24) 137,672 (17.1) 122,669 (27.91) 5,319 (7.34) 166, , , ,117 * ,973 * ,37 16, , , ,98 15,326 (3.62) 29,245 (59.71) 29,245 (59.71) 1,164 15,91 (81.8) 72, , ,238 IMPORTANT RATIOS Debt/Equity Current Assets ratio Return on Equity Operating Profit (Loss) Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio , , * Jamaica Stock Exchange Year Book 25

98 NCB Jamaica Limited (NCB JMP ) Financial Year End September 3 Board of Directors Secretary Registrar Subsidiaries Principal Activities /Website Address Michael Lee Chin (Chairman); Patrick Hylton (Managing Director); A. Desmond Blades; Wayne Chen; Dr. Nigel Clarke; Sandra Glasgow; Donovan Lewis; Thalia Lyn; Herbert I. Phillips: Prof. Alvin Wint; Hon. Noel A.A.Hylton, O.J.,C.D., Hon. LLD; Dr. Nigel Clarke; Hon. Justice Edward Zacca. Jennifer DewdneyKelly NCB Ja. (Nominees) Ltd., 32 Trafalgar Road, Kingston 1. DataCap Processing Ltd.; Mutual Security Insurance Brokers Ltd.; West Indies Trust Co. Ltd.; NCB (Cayman) Ltd.; NCB (Investments) Ltd.; NCB Ja. (Nominees) Ltd.; NCB Capital Markets Ltd.; NCB Insurance Co. Ltd.; Senvia Money Services(UK). Commercial banking and as indicated above. ncbinfo@jncb.com/ Financial Data BALANCE SHEET () No. of Shares issued ,466,473 2,466,763 2,466,763 2,466,763 1,973,41 5,71, * Shareholders' Equity Total Assets Deposits Loans & Advances Investments 21,52,55 193,575,162 84,371,554 35,74,89 91,179,46 16,294,5 175,872,17 79,862,28 34,24,628 78,678,717 12,871, ,886,165 69,688,968 26,4,147 78,566,66 * 11,971,477 * 115,22,39 * 63,365,179 * 15,282,721 * 67,293,256 * 9,65,199 14,756,783 * 58,351,974 8,279,42 65,284,654 * 9,31,58 * 94,835,223 * 51,638,19 * 7,249,634 * 67,738,17 * PROFIT & LOSS () Turnover % incr. over prior yr Pretax Profit % decr. over prior yr. Aftertax Profit/Loss % decr. over prior yr. Exceptional Item Extraordinary Item Minority Interest 26,435, ,712, ,286, ,811, ,86, ,216, ,742, ,463, ,84, ,264,469 * 1.6 1,711,677 * ,478,47 * (319,155) (63,121) 14,39,817 * (8.23) 479,68 (7.11) 395,442 (74.8) (1,322,46)* (25,528) (47,558) 15,298,298 * ,64,579 * ,568,965 * 68.1 (286,821)* (1,25)* (52,769)* IMPORTANT RATIOS Return on equity Asset Growth Deposit Growth Loan Growth Loan & Investment Growth Return on Assets Operating Profit (Loss) Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio (7.37) (27.12) (12.25) * * (8.45) (39.2) * Jamaica Stock Exchange Year Book 25 96

99 97 Jamaica Stock Exchange Year Book 25

100 Palace Amusement Co. Ltd. (PAL JMP ). Financial Year End June 3 Board of Directors Douglas Graham (Chairman/Managing Director); Elon Beckford (Vice Chairman); Lloyd Alberga; Hugh Levy; Vincent Wong; Ken Robertson; Ian Phillipson; Melanie Graham; Douglas Stiebel; Scot Graham; Steven Cooke; Christine Morris. Secretary Eileen A. Thomas Registrar Eileen A. Thomas (In House) Subsidiaries Harbour View Cinema Co. Ltd.; Cinema Co. of Jamaica Ltd.; Tropical Cinema Company Limited. Principal Activities Cinema owners and operators Financial Data BALANCE SHEET () No. of Shares issued ,437 1,437 1,437 1,437 1,437 1,437 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 244,75 21,487 46,587 14,397 76,93 234,876 33,543 7, ,742 96, ,22 46,82 68,361 13,597 77, ,183 * 11,71 2,488 72,259 51,16 * 219,724 22,675 3,939 12, ,38 194,156 * 48,315 81,247 25,272 76,17 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit (Loss) % incr. (decr.) over prior yr. Aftertax Profit (Loss) % incr (decr.). over prior yr. Extraordinary Item Minority Interests 433,499 (15.53) 7,353 (15.65) 7, (4,62) 513, , ,64 (1.57) (28) 421, ,35 (7.54) 3,426 (42.79) (3) 352, ,97 * (72.99) 5,988 * (76.58) (8) 321,76 * , , , , , (13) IMPORTANT RATIOS Debt\Equity Ratio Current Assets Ratio Return on Equity Operating Profit (Loss) Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25 98

101 Pan Caribbean Financial Services (PCFS JMP ) Financial Year End December 31 Directors: Secretary: Richard O. Byles, M.Sc., B.Sc. (Chairman) Donovan H. Perkins, M.B.A., B.A. (Hons.) (President & CEO) Jeffrey Cobham, B.A. (Hons.) Dr. M. Patricia DownesGrant, M.A. (Econ), M.B.A, B.A., D.B.A. Patrick Lynch, B.Sc. (Econ.) Peter Melhado, M.B.A., B.Sc. Dodridge Miller, M.B.A., F.C.C.A. Lisa Officer, M.B.A., B.Sc. Hayden Singh, Colin Steele, M.B.A., B.B.A., C.P.A. Gene M. Douglas, M.B.A., F.C.I.S. Registrar & Pan Caribbean Merchant Bank Limited Transfer Agent: Corporate Trust Department, 6 Knutsford Boulevard, Kingston 5. Subsidiary Companies: Associated Company: Principal Activities: Website: Pan Caribbean Merchant Bank Limited, Pan Caribbean Asset Management Limited. Manufacturers Credit & Information Services Limited Investments, securities trading, merchant banking options@gopancaribbean.com Telephone Nos: (876) /4; (876) Financial Data BALANCE SHEET () No. of Shares issued ,77 514,38 255,66 255,66 255,66 115,47 * Shareholders' Equity Total Assets Deposits Loans Investments Minority Interest 6,148,86 39,946,362 4,23,475 5,4,388 16,932,831 5,687,489 * 4,873,827 * 3,422,977 3,783,955 * 15,594,5 * 1,54,537 18,338, ,892 1,116,346 8,499,378 1,81,981 * 13,959,667 * 497,482 * 1,28,75 * 7,2,56 * 813,547 2,882, ,338 1,247,698 1,147, ,551 2,951,48 * 46,722 1,516, ,866 * 39,96 PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Minority Interest 5,183,212 (9.2) 1,365, ,1, ,78,549 * ,131,82 * ,184 * ,34, , , ,863,443 * ,517 * ,488 * , , , (886) 421, (15,615) (1,129.33) (15,62) (1,786.83) (519) IMPORTANT RATIOS Return on equity Return on Assets Deposit Growth Loan Growth Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * (7.64) (3.12) * (.31) (17.74) (2.92) (.53) (.25) (2.3) (3.71) (.14) 1.29 (9.21) 99 Jamaica Stock Exchange Year Book 25

102 Jamaica Stock Exchange Year Book 25 1

103 PanJamaica Investment Trust Ltd. (PJAM JMP ) Financial Year End December 31 Directors: Secretary: Registrar & Transfer Agent: Hon. Maurice W. Facey; O.J., J.P. (Chairman); C.A. Lloyd Facey, J.P.; F.P.S (Deputy Chairman) Stephen B. Facey, M. Arch.; (President & CEO) Richard O Byles M.Sc.;W.G. Bryan Ewen, F.C.A. Roy Collister, B.A., (Com.), F.C.A.; Donovan H. Perkins, M.B.A. Gene M. Douglas, F.C.I.S.; M.B.A Pan Caribbean Merchant Bank Limited Corporate Trust Department, 6 Knutsford Boulevard, Kingston 5. Subsidiaries: First Jamaica Investment Limited; Jamaican Floral Exports Limited; Jamaican Heart Limited; Busha Browne's Company Limited; Pan Jamaican Mortgage Society Limited. Associated Companies: Principal Activities: Hardware & Lumber Limited. Property investment, real estate development. Telephone No: (876) Financial Data BALANCE SHEET () No. of Shares issued , , , , ,494 16,814 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities Minority Interest 6,12,785 7, ,968 1,7,634 84,278 2,43,364 4,289,126 * 141,653 * 577,541 * 1,24,314 * 124,644 1,44,693 * 2,989,858 35,222 * 66,634 8,591,548 * 13,786,35 * 1,253,292 2,336,559 * 162,377 * 731,693 * 2,21,21 14,33,142 1,63,25 * 2,19, , ,589 1,654,14 618, ,5 1,649,15 * 94,426 31,888 1,112,558 * 552,941 * 561,356 * PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Extraordinary/Except. items Minority Interest 951, ,169, ,782, ,626, ,158 76,746 * (89.2) 1,13,138 * 4.95 * 1,64,67 * ,652 * 6,542, , , (274,22) 5,16,283 * ,394 * ,167 * (25,145) 3,943, , , (161,992) 3,521, ,8 * ,841 * (81,943)* IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * * Jamaica Stock Exchange Year Book 25

104 Jamaica Stock Exchange Year Book 25 12

105 Radio Jamaica Limited (RJR JMP ) Financial Year End March 31 Board of Directors Secretary Registrar Major Subsidiaries J.A. Lester Spaulding, J.P. (Chairman/Managing Director); Hector Dietrich (Deputy Chairman); Carl Domville, B.Sc., (Hons.), F.C.C.A., F.C.A; Dorothy LaCroix; Karl L. Lewin, M.B.A.; Holford Plummer; Patricia Robinson, O.D., J.P; Milton Samuda, LL.B. Stephen A. Grieg, LL.B. Scotiabank Jamaica Investment Management Ltd. 4th Floor, Cnr. Duke & Port Royal Streets, Kingston Television Jamaica Ltd. and Multi Media Jamaica Ltd. Principal Activities Address Mass media communications: through operation of commercial radio stations, a television station and multimedia company. Webmaster@radiojamaica.com Financial Data BALANCE SHEET () No. of Shares issued , , ,733 26,986 13,493 13,493 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 943,443 97,224 14, , ,38 586,243 * 217, ,12 37, ,645 57,642 * 22, 27, ,71 18,998 36,323 27,343 4,739 * 356,768 1,45 212,952 34,439 49,69 221,23 92, ,979 37,256 46,573 19,82 8,371 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. over prior yr. Aftertax Profit % incr. over prior yr. Exceptional Items 1,148, , , , ,42 * (25.29) 85,172 * (32.77) 893, ,248 * ,693 * (22.22) 852, , , , , , , (489) 499, , ,186 (212.49) (2,656) IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * RJR s year end was changed to 31 March 22, therefore the current financial year consist of 15 months. 13 Jamaica Stock Exchange Year Book 25

106 RBTT Financial Holdings Ltd. Financial Year End March 31 Board of Directors Secretary Registrar Major Subsidiaries Principal Activities Address Peter J. July (Group Chairman); Suresh B. Sookoo (Group Chief Executive Officer); John P. Andrews, Gaston S. Aguilera; Robert Bermudez; Garth Chatoor; Martin G. Daly; Arthur Lok Jack; Rodney S. Prasad; Miguel Pourier; Gary N. Voss; Brian W. Young Nicole Richards RBTT Trust Limited Albion Plaza, Victoria Avenue Port of Spain, Trinidad RBTT Bank Jamaica Limited, RBTT Bank Limited, Trinidad & Tobago, RBTT Merchant Bank Limited, RBTT Trust Limited, West Indies Stockbrokers Limited, RBTT Bank Barbados Limited RBTT Bank Caribbean Limited, RBTT Bank Grenada Limited, RBTT Bank (SKN) Limited, RBTT Bank N.V., RBTT Bank International N.V., RBTT Bank Aruba N.V., RBTT Bank (Suriname) N.V. Specialised Financial Services Telephone (868) Financial Data BALANCE SHEET () No. of Shares issued TT$ TT$ TT$ TT$ TT$ TT$ 342, ,462 34,243 34,243 34,22 34,22 Shareholders' Equity Total Assets Deposits Loans Investments 4,182,686 38,649,267 2,648,133 16,947,313 12,385,329 3,17,327 33,44,21 18,136,362 13,432,574 1,142,119 2,565,161 29,331,325 15,891,42 11,7,59 9,735,79 2,17,799 27,739,184 15,93,729 9,438,963 9,64,726 1,787,928 19,65,98 9,632,324 6,532,828 6,871,231 1,558,927 15,123,598 8,793,22 5,579,678 5,456,75 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit/(Loss) % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. 3,86, ,116, , ,539, , , ,42, , , ,22, , , ,15, , , ,761,132 41, ,387 IMPORTANT RATIOS Return on equity Asset Growth (Loss) Deposit Growth Loan Growth Loan & Invest. Growth Operating (Loss) Profit Margin Earnings (Loss) Per Share Closing Stock Price (.25) Note: Closing stock price quoted in JA$ Jamaica Stock Exchange Year Book 25 14

107 15 Jamaica Stock Exchange Year Book 25

108 Salada Foods Limited (SALF JMP ) Financial Year End September 3 Board of Directors Secretary Registrar Subsidiaries Principal Activities Bevon Francis (Chairman); Michael G. Bernard; Eleanor Brown; Jeffrey Cobham; Oliver Holmes; Pancha Sankaran; J.A. Lester Spaulding. M. Olivia Glover Duke Corporation, Scotiabank Centre, Duke Street, Kingston. Coffee Company of Jamaica; Shirirff (Jamaica) Limited. Manufacturers of Instant roasted and ground coffee, roasted whole beans Financial Data BALANCE SHEET () No. of Shares issued ,388 1,388 1,388 7,564 7,564 7,564 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 173,264 17,266 24, ,749 37,486 17,519 22,412 27, ,552 46,87 146,418 * 27,121 38, ,647 * 48,33 * 88,193 * 32,675 42,42 84,393 51,89 * 32,886 39,11 52,865 74,163 43,185 5,329 45,91 68,22 61,148 5,346 PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit (Loss) % incr. over prior yr. Aftertax Profit (Loss) % incr (decr.). over prior yr. Exceptional items Extraordinary items 268, ,568 (84.6) 2,745 (88.61) 248, , , , , ,654 * , ,813 * (2.84) 15,851 * (42.48) 189, , , , , , (4,762) IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit (Loss) Margin Earnings (Loss) Per Share Closing Stock Price P.E. Ratio * * * (412.59) Jamaica Stock Exchange Year Book 25 16

109 Seprod Limited (SEP JMP8579T137) Financial Year End December 31 Board of Directors Secretary Registrar Subsidiaries Principal Activities A. Desmond Blades (Chairman); Dr. Richard Jones (Vice Chairman); E.Thompson (Managing Director); Granville Marsh; Geoffrey Messado; Dr. Ralph C. Thompson; Hon. Emil George; Paul Scott; Paul Bourke; Carl Chantrielle; Peter John Thwaites; Hon. Roy Thompson; Dr. Nigel Clarke. Sushil K. Jain Scotiabank Jamaica Investment Management Ltd. Caribbean Products Company Ltd.; Industrial Sales Ltd.; Jamaica Detergent Ltd.; Ja. Grain & Cereals Ltd.; Coper Ltd.; Ja. Household Products Ltd.; Ja. Edible Oils & Fats Co. Ltd.; Serge Island Dairies Ltd.; Serge Island Farms Ltd. Manufacture of edible oils and fats and corn based products, manufacture of milk, drinks and Juices and distribution of these and many other consumer products. Financial Data BALANCE SHEET () No. of Shares issued , , ,398 43, , ,412 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 4,113,63 467, ,986 1,343, ,856 3,499,773 26, ,572 1,325, ,79 3,33,81 123, ,514 1,118, ,71 2,763,953 * 78,514 * 4, ,393 * 186,992 * 2,247, , ,66 728, ,2 2,152,292 93,133 * 16,4 * 729,551 * 189,197 * PROFIT & LOSS () Turnover % incr. over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Exceptional Items Extraordinary Items 3,953, , , ,346, ,912 * , ,855, ,81 (3.59) 421,45 (2.93) 2,378, ,43 * ,757 * ,73 2,298, ,272 (21.74) 194,196 (25.83) 1,282 2,164, ,946 (31.75) 261,824 (27.54) (34,723) 97,582 IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price P.E. Ratio * Jamaica Stock Exchange Year Book 25

110 Jamaica Stock Exchange Year Book 25 18

111 Trinidad Cement Limited Financial Year End December 31 Board of Directors Andy J. Bhajan (Chairman); Dr. Rollin Bertrand (Group CEO); Eutrice Carrington; Keith Awong; Jeffrey McFarlane; Yusuff Omar; Leopoldo Navarro (CEMEX); Brian Young; Ernest Williams. Secretary Registrar Subsidiaries Principal Activities Alan Nobie Trinidad Cement Limited, Southern Main Road, Claxton Bay, Trinidad and Tobago Readymix (West Indies) Ltd; TCL Packaging Ltd; TCL Ponsa Manufacturing Ltd; TCL Leasing Ltd; Caribbean Cement Co Ltd; Jamaica Gypsum and Quarries Ltd; Rockfort Mineral Bath Complex; Arawak Cement Co Ltd; TCL Trading Ltd; TCL Service Ltd; TCL (Nevis) Ltd; Caribbean Gypsum Ltd; TCL Guyana Inc. Cement Manufacture and Sales Financial Data BALANCE SHEET () No. of Shares issued TT$ 249,765 TT$ 249,765 TT$ 249,765 TT$ 249,765 TT$ 249,765 TT$ 249,765 Shareholders' Equity Long Term Liability Gearing Debt Current Assets Current Liabilities 1,31,841 1,351,182 1,37,72 782, ,85 939, , ,355 53, ,32 84, , ,22 488, ,45 765,329 * 1,24,623 * 964,818 * 458,763 * 335,494 * 699,22 1,95,553 1,243, , ,95 715,138 * 1,89,421 1,221, ,46 37,652 * PROFIT & LOSS () Turnover % incr. (decr.) over prior yr. Pretax Profit % incr. (decr.) over prior yr. Aftertax Profit % incr. (decr.) over prior yr. Minority Interest 1,429, ,799 (56.46) 153,767 (16.34) 6,559 1,329, , , (21,521) 1,155, , ,186 (5.63) (15,745) 1,131, ,338 * ,367 * (15,798)* 1,53,953 (3.92) 139, , (14,395) 1,96, , , (13,433) IMPORTANT RATIOS Debt/Equity Current Assets Ratio Return on Equity Operating Profit Margin Earnings Per Share Closing Stock Price * * Jamaica Stock Exchange Year Book 25

112 Jamaica Stock Exchange Year Book 25 11

113 di A ck E, ir a F fi f c i e n t And T r a n s p a r e n t S to ng M i v a r o r P k e t The Jamaica Stock Exchange Under the Distinguished Patronage of His Excellency The Most Hon. Sir Kenneth Hall Governor General of Jamaica Invites you to its At the Hilton Kingston Hotel On Wednesday December 6, 26 at 7:3 p.m. Keynote Speaker: Sir Kenneth Hall Governor General of Jamaica Musical Entertainment: Karen Smith and Peter Ashbourne 111 Jamaica Stock Exchange Year Book 25

114 LISTING FEES & TRADING CHARGES LISTING FEES Effective Date: January 1, 26 Par/Market Capital Initial/Annual Fee Supplementary Fee Under $5 Million 57,5. Over $5 Million $1 Million 115,. Over $1 Million $25 Million 143,75. Over $25 Million $5 Million 172,5. Over $5 Million $1 Billion 287,5. Over $1Billion $2 Billion 42,5. Over $2 Billion $3 Billion 517,5. Over $3 Billion $4 Billion 632,5. Over $4 Billion $5 Billion 747,5. Over $5 Billion $1 Billion 862,5. Over $1 Billion 1,15,. 11,5. 17,25. 23, ,75. 34,5. 57,. 57,. 57,. 57,. 57,. 57,. Charges for the listing of a company's securities comprise an initial fee, an annual fee and a supplementary fee. These fees are in accordance with the scales set out by the Exchange from time to time. (i) Initial Fee The initial fee, which is based on total issued share capital value of each new listing of securities not already listed, must accompany each Application for Listing. The minimum charge is $57,5. (ii) Annual Fee Calculation of annual fees is payable based on the average market value at monthend for the previous twelvemonth or shorter period (where applicable), of all classes of a company's securities which are the subject of listing. The minimum charge for Annual Fee is $57,5. The Annual Fee becomes due on January 1 each year, following the calendar year of listing and must be forwarded to reach the Exchange within fourteen (14) days of that date. Revised October 25 TRADING CHARGES (a) Brokers' commissions were deregulated on Tuesday, March 22, 1994 (b) Trading Cess Charge on trades enacted on JSE effective October 1, 24: The new cess charge to our investors is.3925 that is,.19625% on each side of a transaction. This is (reflected as a JSE cess charge on contract notes issued by brokers for the purchase or sale of shares. (c) Corporate Bonds & Loan Stock.19625% of consideration (on both sides of each transaction) (d) Both commission and cess are subject to 16.5% General Consumption Tax. Jamaica Stock Exchange Year Book

115 113 Jamaica Stock Exchange Year Book 25

116 Jamaica Stock Exchange Statement of Corporate Governance Principles & Practices PREAMBLE The Jamaica Stock Exchange recognizes that as a national selfregulatory organization with a mission to ensure and promote a fair and efficient stock market, it must embrace and practise sound corporate governance. These principles and the attendant structures should serve the best interest of all stakeholders and emphasize the highest standards of transparency, oversight and independence. The intent is to protect the investing public while advancing the interests of owners and members. Confidence in the stock market will be enhanced by the clear demarcation of regulatory and normal operational functions. These practices are consistent with world best practices and adhere to the relevant legal and regulatory framework. The corporate governance core practices of the JSE are rooted in the acceptance of the following principles: 1. Corporate Governance should establish a clear foundation for Management and Board oversight. The role and responsibilities of Board and Management should therefore be clearly outlined to facilitate accountability. 2. The Board of Directors should be structured and selected to ensure effectiveness, independence and protection of the public's interests through appropriate selection and operating processes. 3. Ethical standards and responsible decisionmaking should be promoted. 4. Governance should ensure that there is accurate, timely and full financial and governance reporting with strong internal controls and risk management. 5. Material information regarding the company's operations should be disclosed in a timely manner to the public and regulatory entities. 6. There should be regular reviews of Board and Management performance to enhance effectiveness. 7. Remuneration should be fair to attract and retain competent skills, and reward consistent with performance objectives. The interests of stakeholders should be carefully balanced, protected and promoted. ISSUES Board Issues Accountability to shareholders/stakeholders Mission and Responsibility Elections Orientation and Training Access to Information Disclosure of Directors Biographical Information DESCRIPTION/PRINCIPLE The JSE is a private, soon to be public, company with public responsibility. It must balance the interest of all stakeholders to foster a fair, efficient and transparent market. The Board members have the responsibility to attend meetings and familiarize themselves with, and make decisions on issues within their purview. The prov isions for elections of members are set out in the Memorandum & Articles of the JSE and stipulate election of members on an annual basis. Interest groups identified by the Board will propose independent members to the Nominating Committee. Where an interest group fails to make a nomination, the Nominating Committee will propose directors for election. Training is made available to directors upon appointment to the Board. The Exchange will organize orientation and training for any director within three (3) months of appointment to the Board. The Board will pursue a programme of continuous training and development, with emphasis placed on members chairing committees. The Board considers the provision of good quality, timely and accurate information as a significant priority in company procedures. Management has a responsibility to provide the Board with any information that will allow members to properly carry out its responsibilities. Sufficient biographical data with the names of all directors, nominated or elected, will be presented to shareholders and directors. This allows for the proper selection of members to specific committees. Composition Board members will be drawn from different interest groups and from member dealers. Representation should reflect the diversity of stakeholders and the needs of the Company. The Board shall be comprised of member dealers, an equal number of independent directors and an independent chairman. Multiple Board Seats Members must declare appointments to other companies. They must, at the beginning of the year, and as many times as their positions change, give a written declaration to the Board of the Exchange with pertinent information about the other Boards on which they serve. Chairman & CEO Any decision to combine these two positions must be justified. Independence No director qualifies as an independent director unless the Board determines that the director has no material relationship that could interfere with the independent judgment of the member. Jamaica Stock Exchange Year Book

117 Committees Composition There are both mandatory and noncompulsory committees of the Board. The mandatory committees of the Board are comprised of the Conduct Review Committee, the Audit Committee and the Compensation Committee. These are referred to in the JSE s Rules. Each Committee has a written charter outlining its purpose and responsibilities and reporting format. Committees must meet at least twice annually. Every nonbroker member of the Board must Chair at least one Committee. In the case of the Listing Committee, to avoid conflict of interest the Chairman must be a nonbroker representative. Review Process The Board of the JSE conducts regular reviews of the performance of the Committees. Chairmen of Committees are required to develop and present their key performance indicators. Audit Committee The Audit Committee assists the Board with oversight responsibilities in regards to the integrity of t he company s financial statements. It also serves as the communication link between the Board, the management team and the auditors. The Audit Committee ensures that the Company complies with legal and regulatory requirements. Market Oversight Committee The Market Oversight Committee is responsible for processing and recording applications of Member Dealers for access of Member Dealers, attorneys/ traders, to conduct business on the floor of the Exchange and their use of these facilities. Conduct Review Committee The Conduct Review Committee reviews Member Dealers conduct of business and adherence to Business Rules, Contractual Obligations and the Securities Act. The Conduct Review Committee is responsible to the Board of Directors for the condu ct, procedures and holding of disciplinary hearings and reviews and to investigate complaints by investors against Member Dealers. Governance Committee The Corporate Governance Committee is responsible to develop, recommend and review Corporate Governance Principles, applicable to the Board, Management and listed companies. In addition the Committee has the responsibility to oversee the evaluation of the Board s other committees and make recommendations in respect to the structure of and effectiveness of the Committees. Nominating Committee The Nominating Committee is comprised of nonexecutive directors and is responsible for the recommendation of suitable candidates to fill vacancies on the Board. Committee The Compensation Committee of the JSE is made up exclusively of nonexecutive directors who make recommendations on the company's framework of executive remuneration. The Committee reviews and approves corporate goals in relation to the CEO's compensation, evaluates the CEO's performance in light of the company's goals and objectives and makes recommendations to the Board with respect to executive and nonexecutive compensation. 115 Jamaica Stock Exchange Year Book 25

118 Listing and Standards Committee The Listing and Standards Committee ensures the quality and integrity of a listing on the JSE. It is responsible to process applications and make recommendations regarding approval of companies wishing to list on the JSE and review and make recommendations of standards to be observed for companies to remain listed. Other Committees Board Meetings General Meetings Performance Term Limits These are formed as the directors see fit. There are formal scheduled meetings of the Board at which matters are specifically reserved for discussions. Matters must be addressed within a reasonable time in order to prevent an overrun of pending items. Procedure at Board Meetings In the interest of promoting and ensuring transparency all directors must: (a) Excuse himself/ herself from discussions in, and in making decisions on any matter in which he/she has a personal or business interest or companies on whose Board he/she sits or is connected. Further, members shall be bound by similar standards as outlined in Appendix 1 (Part K) of the JSE s Rules which addresses Acting in Concert.. General Meetings of shareholders are held each year. Communication with shareholders on decisions concerning material, fundamental corporate changes are made on a timely basis. Evaluation of Board Members The Board recognizes the importance of each director working to fulfill the mandate of the company. To this end, a process of selfevaluation is in effect based on predetermined criteria. This evaluation is subject to the review of the Corporate Governance Committee. Board Members are either nominated by their brokerage firm or relevant interest groups. The mandate of independent members must be appropriately renewed. Committees Chairman/Deputy Chairman The Chairman and Deputy Chairman of the Board and Chairmen of Committees have recommended term limits as follows: (a) (b) (c) The Chairman can serve for five (5) consecutive terms; The Deputy Chairman can serve for three (3) consecutive terms; The Chairmen of Committees can serve for three consecutive terms Committee Members Members can sit for a maximum of three consecutive years. These members are not eligible to be reelected in the year subsequent to the threeyear consecutive stint. Past Chairmen should automatically sit on the Executive Committee for the year after demitting office as Chairman. Age Limits Transparency Accounting Standards Ethics The JSE has no age limit for members sitting on the Board. In order to promote transparency Broker Members are asked to publish their companies annual accounting results. Provisions are made to codify and publish procedures to address and/or eliminate conflict of interest involving Board Members. The Board is governed by the standards as communicated from the Institute of Chartered Accountants of Jamaica. The Board intends to codify the JSE s current ethics and confidentiality requirements for Directors and Management and to post this information on the JSE s website. Any waiver of ethics for Directors or Executive Officers is to be declared. April 13, 25 Jamaica Stock Exchange Year Book

119 Jamaica Stock Exchange Stockbrokerages & Contact Information BARITA INVESTMENTS LTD. CEO/CHAIRMAN RITA HUMPHRIESLEWIN 15 St. Lucia Way 18 Trafalgar Road Kingston 5 Kingston 1 Phone: /2686 Phone: Fax: Fax: CAPITAL & CREDIT SECURITIES LTD. GENERAL MANAGER DEVON BARRETT DEHRING BUNTING & GOLDING LTD. CHIEF OPERATING OFFICER GARFIELD SINCLAIR 7 Holborn Road 2 St. Lucia Avenue Kingston 1 Kingston 5 Phone: / Phone: FIRST GLOBAL FINANCIAL SERVICES LTD. CHAIRMAN DON WEHBY Fax: Fax: / JMMB SECURITIES LTD. M/VL STOCKBROKERS LTD. MANAGING DIRECTOR CHAIRMAN GLENFORD MCLEISH ED MCKIE 11 Knutsford Blvd. 26 Grenada Crescent Kingston 5 Kingston 5 Phone: 92539/472 Phone: 96157/ Fax: Fax: MAYBERRY INVESTMENTS LTD. CHAIRMAN CHRISTOPHER BERRY 1 ½ Oxford Road Kingston 5 Kingston 1 Phone: Phone: Fax: /92213 Fax: NCB CAPITAL MARKETS LTD. MANAGING DIRECTOR CHRISTOPHER WILLIAMS 32 Trafalgar Road, 3 rd Floor feedback@mayberryinv.com TOLL FREE: 18884WEALTH info@ncbcapitalmarkets.com PAN CARIBBEAN FINANCIAL SERVICES LTD. PAUL CHEN YOUNG & CO. LTD. PRESIDENT & CEO CHAIRMAN/MANAGING DIRECTOR DONOVAN PERKINS HUGH CROSKERY 6 Knutsford Boulevard 2426 Grenada Crescent Kingston 5. Kingston 5. Phone: /4 Phone: /34 Fax: Fax: options@gopancaribbean.com pcyco@cwjamaica.com VICTORIA MUTUAL WEALTH MANAGEMENT LTD. GENERAL MANAGER DAVID WAN 52 6 Grenada Crescent Kingston 5 Phone: 9653 Fax: spalmer@vmbs.com 117 Jamaica Stock Exchange Year Book 25

120 Jamaica Stock Exchange Year Book

121 INDEX TO ADVERTISERS ATL Motors Limited Bank of Jamaica... 9 Bank of Nova Scotia Barita Investments Ltd Cable & Wireless Capital & Credit Merchant Bank Caribbean Cement Ltd Carreras Courts (Jamaica) Ltd Dehring, Bunting & Golding Ltd.... Back Cover Development Bank of Jamaica DHL... Inside Back Cover First Caribbean Int l Bank First Global Gleaner Company Ltd Globe Insurance Company (Ja.) GraceKennedy Ltd Guardian Asset Management Ltd Guardsman Group Ltd Hardware & Lumber Ltd Ideal Portfolio Services Ltd JMMB JMMB Securities Ltd Jamaica Broilers Group Ltd Jamaica Livestock Association Ltd Jamaica Pegasus Hotels JSE & JCSD... 32, 33, 42, 88, 92 & 111 Kingston Wharves Ltd Lascelles, de Mercado & Co Life of Jamaica Mayberry Investments Ltd.... Inside Front Cover M/VL Stockbrokers Ltd NCB PanCaribbean Financial Services Ltd PanJamaican Investment Trust Ltd Paul Chen Young & Company Petcom Phoenix Printery Ltd Pulse RBTT Redstripe Salada Foods Ltd Seprod Supreme Ventures TCL The Sunday Herald Jamaica Stock Exchange Year Book 25

122 MEMBERS OF THE JSE s BOARD OF DIRECTORS Mr. Roy L. Johnson Executive Chairman Roy Lee Johnson is the Executive Chairman of the Jamaica Stock Exchange. He served as the Chairman of the Jamaica Stock Exchange for four years, Executive Chairman for two years and Chairman of the Jamaica Central Securities Depository for six years. He has a wealth of experience having been employed in financial and senior managerial positions in organizations such as Petroleum Corporation of Jamaica, Island Life Insurance Company and Victoria Mutual Building Society (VMBS). He was the first General Manager of Alpha Financial Services ( n o w V i c t o r i a M u t u a l W e a l t h Management) having pioneered VMBS's thrust into the capital market. He was s u b s e q u e n t l y V i c e P r e s i d e n t, Investments and Risk Officer at VMBS. Mr. Johnson, who has a B.Sc. (Hons.) in Management Studies (UWI) and a MBA (Finance & Investments) from the University of Western Ontario, Canada, has participated in several securities regulations and financial training courses including the international Institute for Securities Market Development at the Securities and Exchange Commission. Mr. Curtis Martin Deputy Chairman Curtis Martin is the President and CEO of Capital & Credit Merchant Bank and Deputy Group President, Capital & Credit Financial Group. He is also the Deputy Chairman of the Jamaica Stock Exchange. He has over twenty years banking experience having worked with the Bank of Jamaica; Pan Caribbean Merchant Bank and Capital & Credit Merchant Bank (CCMB). At CCMB he has responsibility for planning directing and controlling the company in accordance with corporate goals and objectives. He holds a B.Sc. (UWI) and a MBA (Finance) from Columbia University, New York, USA. Mr. Hugh Croskery Hugh Croskery is the Chairman/Managing Director o f Paul Chen Young & Company Ltd. He has over twenty years of banking experience and has worked with Paul Chen Young and Company since He is a graduate of the Ryerson University (Toronto) and the University of the West Indies, Institute of Business, Mona. Mrs. Rita HumphriesLewin Rita HumphriesLewin is the founder and Chairman of the Barita Group of Companies which includes, Barita Investments Limited, Barita Unit Trusts Management Company Limited and Barita Portfolio Management Limited. She is one of the pioneers of Jamaica's stockbroking industry having been in the business for over 35 years. She was the first female Chairman of the Jamaica Stock Exchange (1984; 19952) and has overseen the establishment of the Jamaica Central Securities Depository and the beginning of electronic trading on the Jamaica Stock Exchange. She is the Chairman of the Development Bank of Jamaica and a member of the Order of Distinction in the rank of Commander for services to the financial services sector. Jamaica Stock Exchange Year Book 25 12

123 MEMBERS OF THE JSE s BOARD OF DIRECTORS Mr. Ed McKie Edwin McKie is the Chairman and Managing Director of M/VL Stockbrokers Limited. A seasoned banker, he brings a wealth of experience from his work at various national financial and other institutions, to the Board of the Jamaica Stock Exchange. His specialization is in general management, administration, financial planning and investment Management. He has been Trade Administrator and Chairman of the Trade Board Limited and also chaired the Board of the Agricultural Credit Bank; the Mandeville Area Hospital Board; the College of Agriculture Board and the Agricultural Credit Board. He also served as Board member of the National Investment Bank of Jamaica and the Bank of Jamaica. A Bachelor of Commerce graduate of McGill University, Montreal, Canada, Mr. McKie was awarded the Order of Distinction in the rank of Commander, for his services to Jamaica in the field of Banking. Mr. Donovan Perkins Donovan Perkins is the President & CEO of Pan Caribbean Financial Services Ltd. (PCFS) He has over 2 years of experience in investment and commercial banking and financial management. He is an active director of: Pan Jamaican Investment Trust Ltd.; First Jamaica Investments Ltd.; PCFS; Pan Caribbean Merchant Bank Ltd.; Pan Caribbean Asset Management Ltd.; National Insurance Fund and Jamaica Social Investment Fund. He is an active executive of the financial services community having served as President of the Merchant Bankers' Association and Vice President of the Jamaica Bankers' Association. He has a B.A. (Hons.) in Finance from the University of South Florida and a MBA from the University of Virginia. Mr. Don Wehby Don Wehby is an Executive Director of GraceKennedy Limited and holds the position of Chief Financial Officer A Fellow Chartered Accountant, Mr. Wehby gained his early auditing experience at ToucheRoss Thorburn. Mr. Wehby serves on the board of a number of GraceKennedy subsidiaries and on the boards of Cable & Wireless Jamaica Limited and his alma mater, St. George's College. He is the Honorary Treasurer of the Private Sector Organisation of Jamaica. His other professional affiliations include the Jamaica Stock Exchange Council and the board of Food for the Poor. Mr. Christopher Williams Christopher Williams is the Managing Director of NCB Capital Markets Ltd. He has a wealth of experience in the area of financial services having worked in the local capital markets over the last 13 years. During this period he has served as a Senior Management Executive for s e v e r a l o f J a m a i c a ' s l e a d i n g investment banks. He holds a B.Sc. in Accounting (UWI) and a MBA from York University, Toronto. He holds a Bachelor of Science (Hons.) degree and a Master of Science in Accounting from the University of the West Indies and has completed an Advanced Management College Certificate Course at Stanford University. 121 Jamaica Stock Exchange Year Book 25

124 MEMBERS OF THE JSE s BOARD OF DIRECTORS Mr. Leo Williams Leo Williams is the International Business Development Manager, Jamaica Money Market Brokers Ltd. An accomplished entrepreneur and business manager, he is a founding Managing Director of JMMB Securities Ltd., a stockbrokerage, financial advisory and investment firm in Jamaica W.I. Mr. Williams is trained and certified in the area of corporate governance and has served on the board of directors of several privately held companies. He was a c o n s u l t a n t f o r B C G i n B o s t o n, Massachusetts and managed several businesses for GE before beginning his entrepreneurial endeavours. He holds a B.Sc. in Mechanical Engineering from Princeton University; a Master's degree in Finance from the University of Pennsylvania's Wharton School, a Masters degree in Systems Engineering and another in International Studies also from the University of Pennsylvania. Mr. Christopher Berry Christopher Berry is the C h a i r m a n o f M a y b e r r y Investments Ltd. He has been a member of the JSE board since He has over twenty years of experience in the securities industry. He is also the Chairman of the Forest Conservancy and sits on the boards of the Jamaica Central Securities Depository and The National Wild Life Foundation. Mrs. Marlene StreetForrest Secretary/General Manager Mr. Garfield Sinclair Garfield Sinclair is the Chief Operating Officer of Dehring Bunting & Golding Ltd. He has substantial experience in the financial services industry, having held senior positions with the audit firm PricewaterhouseCoopers, where he specialized in auditing some of the country's largest financial institutions. He is a licensed CPA with the California Board of Accountancy and holds a B.Sc. in Accounting from the San Diego State University..Marlene J. StreetForrest is the General Manager of the Jamaica Stock Exchange. Her mandate is to continue the process of developing the Exchange, ensuring that cutting edge technology is used to assist in providing the greatest level of efficiencies in the market. Mrs. StreetForrest has a wealth of experience having worked at several o r g a n i z a t i o n s i n s e n i o r a n d management positions in Jamaica and overseas. She has participated in many securities regulations, and financial training courses for regional and international securities market. She has also made presentations at regional conferences and at local seminars. She graduated from the UWI with a B.Sc. in Management Studies and a MBA from Barry University. Jamaica Stock Exchange Year Book

125 INDEPENDENT MEMBERS OF THE JSE s BOARD OF DIRECTORS Ms. Dian Black Dian Black is the Director, Securities Management (Debt Management Unit) in the Ministry of Finance & Planning. In this capacity she has responsibility for all activities related to the registrar and payments functions for government securities and has provided the necessary interface between the Jamaica Stock Exchange and the Government. She has over ten years banking experience and has held various positions at Mutual Security and the National Commercial Bank. Mr. Garth Kiddoe Garth Kiddoe is the Dean of the Faculty of Business and Management at the University of Technology since 22. He is a Fellow of the Institute of Chartered Accountants of Jamaica and a Professional Engineer (PE). He is a former Senior Director/Chief Financial Officer of the Jamaica Public Service Company where he worked for 19 years. He is currently a director of the Institute of Chartered Accountants of the Caribbean as well as its President and represents the Institute on the Board of Trustees of the Caribbean Court of Justice Trust Fund. He also represents the ICAJ on the Corporate Governance Committee of the PSOJ. Ms. Black has a M.B.A. from the University of Wales and Manchester Business School and a B.Sc. (UWI). He holds a M.Sc. (Accounting) a MBA (Finance and Management of Technology) and B.Sc. (Engineering) from the University of the West Indies. * Mr. Collin Steele (Photograph and Profile not available) Ms. Hilary Phillips, Q.C. Hilary Phillips, Q.C. is a Partner in the law firm, Grant, Stewart, Phillips & Company where she has practised for over 31 years. Her areas of specialization include: Civil Litigation, Complex Commercial Transactions, Building Construction Claims and Arbitrations, Banking and Finance, Real Estate, Insurance, Intellectual Property, among others. She was admitted to practice in the Jamaican Bar in 1974 and was elevated to the rank of Queen's Counsel in Ms. Phillips has been the President and Vice President of the Jamaican Bar Association and since 23 she has been the Vice President of the Organization of C o m m o n w e a l t h C a r i b b e a n B a r Associations. Ms. Phillips is the Chairman of the Legal Aid Council and the Copyright Tribunal; a Member of the Board of Directors of Pulse Entertainment Group Ltd.; PetroJam Ltd.; Dispute Resolution Foundation Ltd.; Kingston Legal Aid Clinic and CARIFORUM Cultural Support Fund. Mrs. Faith Stewart Faith Stewart is the Division Chief Payments System and Risk Management at the Bank of Jamaica. In this position she is responsible for developing and implementing the Bank's risk management policy and oversees the Bank's payments strategy to ensure that the payments system processes and infrastructure are adequate to support monetary policy implementation and foster stability in the domestic financial system. She represents the Bank and chairs a number of industry committees responsible for the management and oversight of the national payments system. Prior to this appointment in 25, Mrs. Stewart was Division Chief for the Banking and Market Operations Division where she coordinated the strategies and activities relating to the implementation of monetary policy. She was appointed to the Board of the Jamaica Stock Exchange in 1999 and currently chairs the Listing and Standards Committee. She is also a member of the Board of the Jamaica Central Securities Depository. A career banker for over 2 years, Mrs. Stewart has had extensive experience in Treasury and financial management both locally and in the USA. She holds an MBA from the University of Santa Clara in California and a Bachelor of Science degree in Management Studies from the University of the West Indies. 123 Jamaica Stock Exchange Year Book 25

126 INVESTMENTS & CAPITAL MARKETS CONFERENCE 27 The Global Response: Strategy and Innovation for Regional Capital Markets Growth. Ritz Carlton Hotel in Montego Bay January 1 12, 27 Jamaica Stock Exchange Year Book

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