WEEK­LY BUL­LETIN for week end­ed june 22, 2012

Re­pub­lic Bank Lim­it­ed (RBL) – 21.06.12

Re­pub­lic Bank Lim­it­ed is­sued the fol­low­ing press re­lease:

The Mi­a­mi Her­ald of 18th June 2012 (re­pro­duced in whole or in part in two lo­cal news­pa­pers) made ref­er­ence to Re­pub­lic Bank's in­volve­ment in an al­leged mon­ey laun­der­ing op­er­a­tion. The Bank would like to state cat­e­gor­i­cal­ly that it has had no bank­ing re­la­tion­ship with the per­son named in the Mi­a­mi Her­ald ar­ti­cle.

Based on the al­le­ga­tions in the case, it would ap­pear that the al­leged mas­ter­mind used an in­tri­cate web of oth­er cor­re­spon­dent banks to dis­guise the true source of the funds so as to evade de­tec­tion. How­ev­er giv­en the cur­rent na­ture of the in­ves­ti­ga­tions and tri­al, the Bank can­not com­ment fur­ther on the spe­cif­ic al­le­ga­tions.

Re­pub­lic Bank is com­mit­ted to the high­est eth­i­cal stan­dards and ac­tive­ly sup­ports lo­cal and in­ter­na­tion­al ef­forts to counter mon­ey laun­der­ing. Re­pub­lic Bank has a ro­bust an­ti-mon­ey laun­der­ing pol­i­cy in place and this pol­i­cy and its re­lat­ed pro­ce­dures are con­stant­ly up­dat­ed to en­sure con­tin­ued rel­e­vance and com­pli­ance.

All Re­pub­lic Bank trans­ac­tions are sub­ject to mon­i­tor­ing and our com­pli­ance pro­ce­dures in­clude elec­tron­ic checks for sus­pi­cious ac­tiv­i­ty. Where sus­pi­cious ac­tiv­i­ty is iden­ti­fied, as in this case, the Bank co­op­er­ates ful­ly with the rel­e­vant au­thor­i­ties to main­tain the in­tegri­ty of the lo­cal fi­nan­cial sys­tem. Re­pub­lic Bank con­firms that it will not do busi­ness with any per­son or busi­ness sus­pect­ed of in­volve­ment in mon­ey laun­der­ing or any type of il­le­gal ac­tiv­i­ty.

Sagi­cor Fi­nan­cial Cor­po­ra­tion (SFC) – 20.06.12

Sagi­cor Fi­nan­cial Cor­po­ra­tion has in­formed the Stock Ex­change that at the 9th An­nu­al Gen­er­al Meet­ing of Share­hold­ers held on June 19, 2012, Mr Mon­ish Dutt, a Con­sul­tant on Emerg­ing Mar­kets, was elect­ed a Di­rec­tor of the Com­pa­ny. Mr Dutt is re­cent­ly re­tired from In­ter­na­tion­al Fi­nance Cor­po­ra­tion, a mem­ber of the World Bank Group, which made a sub­stan­tial in­vest­ment in Sagi­cor in 2011. Mr Dutt is a sea­soned in­vest­ment pro­fes­sion­al, hav­ing worked at IFC for 25 years, where he gained ex­ten­sive glob­al ex­pe­ri­ence work­ing with fi­nan­cial in­sti­tu­tions and pri­vate eq­ui­ty funds.

In ad­di­tion, at the Meet­ing Share­hold­ers over­whelm­ing­ly ap­proved an amend­ment to the Com­pa­ny's By-Laws au­tho­ris­ing the Com­pa­ny to send elec­tron­ic An­nu­al Re­ports to Share­hold­ers. This move will speed up de­liv­ery to Share­hold­ers, re­duce costs and have a pos­i­tive en­vi­ron­men­tal im­pact.

Sco­tia In­vest­ments Ja­maica Lim­it­ed (SI­JL) – 14.06.12

Sco­tia In­vest­ments Ja­maica Lim­it­ed has in­formed the Stock Ex­change that Pro­fes­sor Stephen Vas­cian­nie has re­signed from the Board of Di­rec­tors of the Com­pa­ny ef­fec­tive June 11, 2012.

Supreme Ven­tures Lim­it­ed (SVL) – 14.06.12

The Trinidad and To­ba­go Stock Ex­change Lim­it­ed (the Ex­change) wish­es to ad­vise the in­vest­ing pub­lic that pur­suant to Ex­change Rule 406, trad­ing in Supreme Ven­tures Lim­it­ed (SVL) will be sus­pend­ed, ef­fec­tive Wednes­day, June 20, 2012. The sus­pen­sion is pur­suant to an ap­pli­ca­tion made by the Ex­change to de-list SVL shares sub­se­quent to a res­o­lu­tion passed by the Com­pa­ny's Board of Di­rec­tors on Feb­ru­ary 7, 2012 re­quest­ing the de-list­ing.