Trading Report s7

TRADING REPORT

December 14, 2015

One security advanced and one traded firm as 22,514 shares traded on the Regular Market, with a total value of $74,793.98. Sagicor Financial Corporation was the volume leader trading 15,353 shares at $1.79 to close up three (3) cents. They were followed by Goddard Enterprises Limited which traded 7,161 shares.

Regular Market

Security Volume High Low Market Advance/ Price Decline SAGICOR FINANCIAL CORPORATION 15,353 $1.79 $1.79 $1.79 $0.03 GODDARD ENTERPRISES LIMITED 7,161 $6.61 $6.60 $6.61 $0.00

Effective October 8th, 2012, the market price of a security listed on the board of the BSE will only change if a quantity of shares traded (in a single trade) is greater than or equal to the threshold amount (volume limit) as stated in the table below.

VOLUME VOLUME SECURITY SECURITY LIMIT LIMIT

ABV INVESTMENTS INCORPORATED 3,500 EMERA (CARIBBEAN) INCORPORATED 1,000 BANKS HOLDINGS LIMITED 4,000 EMERA (CARIBBEAN) INCORPORATED 5.5% Pref 100 BARBADOS DAIRY INDUSTRIES LIMITED 300 SAGICOR FINANCIAL CORPORATION 6.5% Pref 7,500 BARBADOS FARMS LIMITED 1,500 SAGICOR FINANCIAL CORPORATION 10,000 BICO INDUSTRIES LIMITED 100 THE WEST INDIES RUM DISTILLERY LIMITED 300 CABLE & WIRELESS (BARBADOS) LIMITED 9,000 WEST INDIA BISCUIT COMPANY LIMITED 300 CAVE SHEPHERD & COMPANY LIMITED 1,500 JMMB GROUP LIMITED 10,000 FIRSTCARIBBEAN INTERNATIONAL LIMITED 10,000 MASSY HOLDINGS LIMITED 6,500 FORTRESS CARIBBEAN PROPERTY - DEV FUND 3,500 ONE CARIBBEAN MEDIA LIMITED 4,000 FORTRESS CARIBBEAN PROPERTY - VALUE FUND 3,500 TRINIDAD CEMENT LIMITED 10,000 GODDARD ENTERPRISES LIMITED 3,500 ROYAL FIDELITY TIGRS A2 FUND 100 INSURANCE CORPORATION OF BARBADOS LIMITED 2,500 ROYAL FIDELITY TIGRS A3 FUND 100 INDICES

INDEX TODAY'S TRADING LAST TRADING CHANGES December 14, 2015 December 11, 2015

Local 2,207.59 2,203.76 3.83 Cross-list 1,738.11 1,738.11 - Composite 628.18 627.47 0.71

MARKET CAPITALISATION (in millions) TODAY'S TRADING LAST TRADING CHANGES December 14, 2015 December 11, 2015

Local 5,531.52 5,522.38 9.13 Cross-list 2,853.96 2,853.96 - Composite 8,385.47 8,376.34 9.13

MUTUAL FUNDS

December 14, 2015 NAV ENDED NAME OF FUND NAV OFFER BID CHANGE 11-Dec-15 REPUBLIC CAPITAL GROWTH FUND w 1.4949 -0.0116 11-Dec-15 REPUBLIC INCOME FUND -* w 1.5556 0.0016 11-Dec-15 REPUBLIC PROPERTY FUND w 1.2802 -0.0002 04-Dec-15 FORTRESS CARIBBEAN GROWTH FUND w 4.8678 4.8678 4.8678 0.0145 04-Dec-15 FORTRESS HIGH INTEREST FUND - ACC. w 1.8694 0.0027 04-Dec-15 FORTRESS HIGH INTEREST FUND - DIST. w 1.0077 0.0015 30-Oct-15 ROYAL FIDELITY SELECT BALANCED FUND m 4.7007 4.7007 4.6067 0.0282 30-Oct-15 ROYAL FIDELITY STRATEGIC GROWTH FUND m 0.8013 0.8013 0.7853 0.0060 30-Oct-15 ROYAL FIDELITY PREMIUM INCOME FUND m 1.4939 1.4939 1.4640 0.0073 04-Dec-15 SAGICOR GLOBAL BALANCED FUND w 2.25 -0.01 04-Dec-15 SAGICOR SELECT GROWTH FUND w 1.23 -0.01 04-Dec-15 SAGICOR PREFERRED INCOME FUND -* w 1.05 -0.02 * Indicates the Fund is currently ex-div

NOTES: QUOTATIONS AND NET ASSET VALUE PER SHARE ARE SUPPLIED BY THE FUND MANAGEMENT. THE OFFERING PRICE INCLUDES NET ASSET VALUE PLUS ENTRY COSTS.

m = monthly valuation, q = quarterly valuation, w = weekly NEWS *********************************

DIVIDEND DECLARATION

Emera (Caribbean) Incorporated - Directors have declared a final dividend of sixteen (16) cents per share to be paid on December 15th, 2015 to Shareholders on record at close of business on November 20th, 2015.

Emera (Caribbean) Incorporated 5.5% Pref - Directors have declared a dividend of thirteen point seven five (13.75) cents per share to be paid on December 31st, 2015 to Shareholders on record at close of business on November 20th, 2015.

JMMB Group Limited - Directors have declared a dividend of nineteen (19) JMD cents per share to be paid on December 18th, 2015 to Shareholders on record at close of business on November 30th, 2015.

Insurance Corporation of Barbados Limited - Directors have declared a interim dividend of seven (7) cents per share to be paid on December 15th, 2015 to Shareholders on record at close of business on December 3rd, 2015.

PUT THROUGH NOTICE

Put-through – Sagicor Asset Management Incorporated would like to announce the put-through of 191,189 shares in Sagicor Financial Corporation at $2.00 set to take place on December 15th, 2015. 8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb SHARE SUMMARY INFORMATION Monday December 14, 2015 Curren Last Trade Volum Last t Price Bid Ask Bid Ask Company Date e High Low Close Close Change Price Price Size Size ABV Investments Incorporated 23-Jan-15 $0.32 $0.32 $0.02 $0.05 100,000 27,000 BICO Limited 29-Oct-15 $1.85 $1.85 $1.85 2,700 Banks Holdings Limited 11-Dec-15 $7.10 $7.10 $7.10 3,544 Barbados Dairy Industries Limited 10-Jun-15 $1.60 $1.60 $1.80 $5.25 4,628 26,331 Barbados Farms Limited 09-Dec-15 $0.40 $0.40 $0.50 $0.83 3,658 26 Cable and Wireless Barbados Limited 11-Dec-15 $2.60 $2.60 $2.70 2,971 Cave Shepherd and Company Limited 03-Dec-15 $3.00 $3.00 $3.00 $3.68 600 4,192 FirstCaribbean International Bank 11-Dec-15 $1.75 $1.75 $1.75 $1.90 20,000 64,978 Fortress Caribbean Property Fund - Dev Fund 10-Dec-15 $0.21 $0.21 $0.17 $0.21 9,133 12,572 Fortress Caribbean Property Fund - Value Fund 10-Dec-15 $0.58 $0.58 $0.58 52 Goddard Enterprises Limited 14-Dec-15 7,161 $6.61 $6.60 $6.61 $6.61 $0.00 $6.61 2,249 Insurance Corporation Of Barbados Limited -* 11-Dec-15 $2.60 $2.60 $2.45 $2.60 9,500 10,000 JMMB Group Limited -* 23-Jul-15 $0.15 $0.15 Emera (Caribbean) Incorporated 5.5% Pref -* 06-Nov-15 $3.11 $3.11 $3.11 1,491 Emera (Caribbean) Incorporated -* 28-Oct-15 $25.70 $25.70 $28.00 985 Massy Holdings Limited 09-Oct-15 $20.00 $20.00 $19.00 $19.99 46 201 One Caribbean Media Limited 09-Dec-15 $7.00 $7.00 $6.81 $7.00 100 19,980 Sagicor Financial Corporation Pref 6.5% 04-Nov-15 $2.26 $2.26 $2.00 $2.26 630 4,580 Sagicor Financial Corporation 14-Dec-15 15,353 $1.79 $1.79 $1.76 $1.79 $0.03 $1.79 $2.00 22,073 30,188 The West Indies Rum Distilleries Limited 13-Apr-15 $8.00 $8.00 $8.00 13,100 Trinidad Cement Limited 21-Aug-14 $0.80 $0.80 $0.85 $2.00 1,100 1,100 West India Biscuit Company Limited 05-Nov-15 $13.00 $13.00 $12.00 804 TOTAL SHARES BOUGHT & SOLD 22,514

Junior Market Royal Fidelity TIGRS A2 Fund $10.00 $10.00 $10.50 100 Royal Fidelity TIGRS A3 Fund 18-Dec-13 $10.00 $10.00 $10.50 100 TOTAL SHARES BOUGHT & SOLD -

8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb SHARE SUMMARY INFORMATION Monday December 14, 2015 Curren Last Trade Volum Last t Price Bid Ask Bid Ask Company Date e High Low Close Close Change Price Price Size Size Fixed Income Barbados Government Debenture 6.75% 2022 $95.93 $96.93 100,000 500,000 Barbados Government Debenture 6.875% 2023 21-Aug-15 $98.00 $100.00 30,000 30,000 Barbados Government Debenture 7% 2023 21-Sep-15 $97.50 $100.00 100,000 100,000 Barbados Government Debenture 7.25% 2029 12-Oct-15 $97.50 $101.00 20,000 20,000 Barbados Government Debenture 7.75% 2020 21-Aug-15 $103.63 500,000 Barbados Government Debenture 8.50% 2018 21-Oct-15 $105.00 $108.75 60,000 600,000 Barbados Government T/Note 6% 2016 16-Oct-15 $101.00 35,000 Barbados Government T/Note 6% 2017 23-Nov-15 $105.00 296,000 Barbados Government T/Note 6.5% 2019 05-Oct-15 $102.00 $103.00 150,000 150,000 TOTAL SHARES BOUGHT & SOLD - * = Security is Trading X-Div *+* = Security is Suspended ** = Rights Issued