WEEK­LY BUL­LETIN for week end­ed may 25, 2012

Na­tion­al Com­mer­cial Bank Ja­maica Lim­it­ed (NCBJ)

• 22.05.12

Na­tion­al Com­mer­cial Bank Ja­maica Lim­it­ed has in­formed the Stock Ex­change of the fol­low­ing trans­ac­tions:

• On May 18th 2012, a Di­rec­tor of the Com­pa­ny pur­chased 418 shares.

• On May 21st 2012, a Di­rec­tor of the Com­pa­ny pur­chased 1,482 shares.

• 21.05.12

Na­tion­al Com­mer­cial Bank Ja­maica Lim­it­ed (NCBJ) has in­formed the Stock Ex­change that since its last com­mu­ni­ca­tion in May 2011 re­gard­ing its plans to launch an ini­tial pub­lic of­fer­ing of its shares, and to cross-list, in North Amer­i­ca, the Com­pa­ny has since been con­strained in its com­mu­ni­ca­tions, due to reg­u­la­tions in the Unit­ed States of Amer­i­ca (the se­lect­ed ju­ris­dic­tion), which re­quired it to main­tain a "qui­et pe­ri­od".

How­ev­er, in Au­gust 2011, NCBJ's share­hold­ers ap­proved the re­moval of the cap on its au­tho­rized share cap­i­tal and the of­fer of the shares out­side Ja­maica. NCBJ is now able to ad­vise that is has filed its F-1 Reg­is­tra­tion State­ment, in­clud­ing a pre­lim­i­nary prospec­tus, with the Unit­ed States Se­cu­ri­ties & Ex­change Com­mis­sion, a copy of which can be ac­cessed at:

• tinyurl.com/bn­mm­cp3

The of­fer­ing size is now con­tem­plat­ed to be US$225 mil­lion. How­ev­er, NCBJ's un­der­writ­ers have an over-al­lot­ment op­tion which could re­sult in the in­crease in its share cap­i­tal be­ing high­er than that amount if the of­fer is suc­cess­ful. What will be mar­ket­ed in the Unit­ed States are not the shares them­selves but Amer­i­can De­posi­tary Shares (ADSs), con­sist­ing of a mul­ti­ple (to be de­ter­mined) of un­der­ly­ing shares in Na­tion­al Com­mer­cial Bank Ja­maica Lim­it­ed which will be is­sued to its US de­posi­tary, While the Com­pa­ny will not be con­duct­ing mar­ket­ing ac­tiv­i­ties in Trinidad & To­ba­go, per­sons in Trinidad & To­ba­go who are in­ter­est­ed in ac­quir­ing the ADSs may con­tact their US stock­bro­ker for such in­for­ma­tion and ad­vice as they may re­quire to pur­sue that in­ter­est. NCBJ has se­lect­ed the New York Stock Ex­change as the Ex­change on which it will seek to have the ADSs list­ed.

Bar­ba­dos Ship­ping & Trad­ing Com­pa­ny Lim­it­ed (BST) - 22.05.12

Bar­ba­dos Ship­ping & Trad­ing Com­pa­ny Lim­it­ed Shares (BST) will be delist­ed from the Stock Ex­change on Mon­day 28th May, 2012. The delist­ing is pur­suant to ap­proval re­ceived from the Trinidad & To­ba­go Se­cu­ri­ties and Ex­change Com­mis­sion at the con­clu­sion of a suc­cess­ful "take-over" of BST by Neal & Massy Hold­ings Lim­it­ed.