Trading Report s20

TRADING REPORT

February 11, 2011

Five securities traded firm as 208,192 shares traded on the Regular Market, with a total value of $5,025,972.45. ** Light And Power Holdings Limited was the volume leader trading 188,922 shares at $25.70. They were followed by Neal And Massy Holdings Limited and Sagicor Financial Corporation which traded 10,500 and 4,341 shares respectively.

** It should be noted that this transaction represents part of those shareholders who accepted Emera (Barbados) Holdings No.2 Incorporated’s offer for Light and Power Holdings Limited.

Regular Market

Security Volume High Low Price Advance/ Decline LIGHT AND POWER HOLDINGS LIMITED 188,922 $25.70 $25.70 $25.70 $0.00 NEAL AND MASSY HOLDINGS LIMITED 10,500 $13.50 $13.50 $13.50 $0.00 SAGICOR FINANCIAL CORPORATION 4,341 $3.05 $3.05 $3.05 $0.00 FIRSTCARIBBEAN INTERNATIONAL BANK 3,429 $3.00 $3.00 $3.00 $0.00 CABLE AND WIRELESS BARBADOS LIMITED 1,000 $5.40 $5.40 $5.40 $0.00

Odd-Lot Market

Security Volume High Low Price SAGICOR FINANCIAL CORPORATION 500 $3.05 $3.05 $3.05 GODDARD ENTERPRISES LIMITED 100 $5.81 $5.81 $5.81

INDICES TODAY'S TRADING LAST TRADING CHANGES February 11, 2011 February 10, 2011

Local 3,355.33 3,355.33 - Cross-list 1,145.93 1,145.93 - Composite 735.29 735.29 -

MARKET CAPITALISATION (in millions) TODAY'S TRADING LAST TRADING CHANGES February 11, 2011 February 10, 2011

Local 9,018.32 9,018.32 - Cross-list 1,897.45 1,897.45 - Composite 10,923.63 10,923.63 - MUTUAL FUNDS

February 11, 2011 NAV ENDED NAME OF FUND NAV OFFER BID CHANGE 04-Feb-11 BNB CAPITAL GROWTH FUND w 1.2620 0.0052 04-Feb-11 BNB INCOME FUND -* w 1.2964 0.0017 04-Feb-11 BNB PROPERTY FUND m 1.6421 0.0078 03-Feb-11 CLICO BALANCED FUND INC. w 1.177 -0.0080 04-Feb-11 FORTRESS CARIBBEAN GROWTH FUND w 4.5736 4.5736 4.5736 -0.0060 04-Feb-11 FORTRESS HIGH INTEREST FUND - ACC. w 1.6717 -0.0001 04-Feb-11 FORTRESS HIGH INTEREST FUND - DIST. w 1.0128 -0.0001 31-Dec-10 ROYAL FIDELITY SELECT BALANCED FUND m 4.2970 4.2970 4.2110 0.0190 31-Dec-10 ROYAL FIDELITY STRATEGIC GROWTH FUND m 0.8878 0.8878 0.8700 0.0078 31-Dec-10 ROYAL FIDELITY PREMIUM INCOME FUND m 1.1496 1.1496 1.1266 0.0086 04-Feb-11 SAGICOR GLOBAL BALANCED FUND w 2.20 0.03 04-Feb-11 SAGICOR SELECT GROWTH FUND w 1.14 0.02 04-Feb-11 SAGICOR PREFERRED INCOME FUND w 1.07 0.00 * 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 **********************************

ANNUAL GENERAL MEETING

Goddard Enterprises Limited – Notice is hereby given that the seventy-second Annual General Meeting of the Shareholders of Goddard Enterprises Limited will be held on February 14th, 2011.

Barbados Dairy Industries Limited – Notice is hereby given that the forty-sixth Annual General Meeting of the Shareholders of Barbados Dairy Industries Limited will be held on February 14th, 2011.

Neal and Massy Holdings Limited – Notice is hereby given that the Annual General Meeting of the Shareholders of Neal and Massy Holdings Limited will be held on February 18th, 2011.

BICO Limited – Notice is hereby given that the Directors of the Company have fixed January 21st, 2011 as the record date for the determination of Shareholders entitled to receive notice of the Annual General Meeting of the Company to be held on February 22nd, 2011.

West India Biscuit Company Limited – Notice is hereby given that the Directors of the Company have fixed January 11th, 2011 as the record date for the determination of Shareholders entitled to receive notice of the Annual General Meeting of the Company to be held on February 25th, 2011.

Barbados Shipping and Trading Company Limited – Notice is hereby given that the ninety-first Annual General Meeting of the Shareholders of Barbados Shipping and Trading Company Limited will be held on February 28th, 2011.

FirstCaribbean International Bank Limited – Notice is hereby given that the Annual General Meeting of the Shareholders of FirstCaribbean International Bank Limited will be held on March 24th, 2011.

DIVIDEND DECLARATION

Barbados Shipping and Trading Limited – Directors have declared a final dividend of six (6) cents per share to be paid on February 15th, 2011 to Shareholders on record at close of business on January 14th, 2011.

Cave Shepherd and Company Limited – Directors have declared a final dividend of ten (10) cents per share to be paid on February 25th, 2011 to Shareholders on record at close of business on February 4th, 2011.

Goddard Enterprises Limited – Directors have declared a final dividend of twelve (12) cents per share to be paid on February 28th, 2011 to Shareholders on record at close of business on January 28th, 2011.

Cable and Wireless (Barbados) Limited – Directors have declared a special dividend of seventeen point four (17.4) cents per share to be paid on February 28th, 2011 to Shareholders on record at close of business on February 7th, 2011.

Barbados Dairy Industries Limited – Notice is hereby given that the Directors of the Company have agreed not to pay a dividend for the financial year ended August 31st, 2010.

Almond Resorts Incorporated – Notice is hereby given that the Directors of the Company have agreed not to pay a dividend for the financial year ended September 30th, 2010. 8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb SHARE SUMMARY INFORMATION Friday February 11, 2011 Curren Last Trade Volum Last t Price Bid Ask Bid Ask Company Date e High Low Close Close Change Price Price Size Size ANSA McAl (Barbados) Ltd 19-Jan-11 $11.75 $11.75 Almond Resorts Inc. 03-May-10 $1.55 $1.55 $1.45 3,500 BICO Limited 22-Dec-10 $1.47 $1.47 $1.45 $1.50 1,000 1,090 Banks Holdings Ltd. 04-Feb-11 $3.95 $3.95 $3.90 $3.95 1,000 14,538 Barbados Dairy Industries Ltd. 21-May-10 $5.29 $5.29 $3.00 $5.25 1,000 6,286 Barbados Farms Ltd. 16-Nov-10 $2.49 $2.49 $2.20 $2.45 20,000 13,030 Barbados National Bank Inc. 13-Sep-10 $5.57 $5.57 $5.54 19,812 Barbados Shipping & Trading Co. Ltd. -* 18-Oct-10 $7.58 $7.58 $3.80 $7.57 1,000 3,697 Cable and Wireless Barbados Ltd -* 11-Feb-11 1,000 $5.40 $5.40 $5.40 $5.40 $0.00 $5.25 $5.40 15,000 13,777 Cave Shepherd and Co. Ltd. -* 26-Jan-11 $4.20 $4.20 $4.25 $4.52 15,000 5,000 FirstCaribbean International Bank 11-Feb-11 3,429 $3.00 $3.00 $3.00 $3.00 $0.00 $3.00 $3.25 6,571 5,000 Fortress Caribbean Property Fund 09-Feb-11 $1.15 $1.15 $1.25 8,400 Goddard Enterprises Ltd. -* 25-Jan-11 $5.90 $5.90 $5.95 $6.25 19,500 3,020 Insurance Corporation Of Barbados Ltd. 08-Feb-11 $3.05 $3.05 $3.05 2,007 Jamaica Money Market Brokers Limited 22-Nov-10 $0.10 $0.10 $0.08 $0.20 5,000 20,000 Light and Power Holdings Ltd 5.5% Pref 06-Jul-10 $3.11 $3.11 $3.11 4,000 Light and Power Holdings Ltd. 11-Feb-11 188,922 $25.70 $25.70 $25.70 $25.70 $0.00 $12.00 1,000 Neal And Massy Holdings Ltd. 11-Feb-11 10,500 $13.50 $13.50 $13.50 $13.50 $0.00 $13.50 104,742 One Caribbean Media Limited 08-Feb-11 $3.11 $3.11 $3.10 9,100 Sagicor Financial Corporation 11-Feb-11 4,341 $3.05 $3.05 $3.05 $3.05 $0.00 $3.05 $3.10 11,709 6,000 The West Indies Rum Distilleries Ltd. 16-Dec-09 $8.50 $8.50 Trinidad Cement Ltd. 04-Nov-10 $0.80 $0.80 $0.80 $2.00 2,000 1,100 West India Biscuit Co. Ltd. 04-Feb-11 $10.05 $10.05 $9.15 35,000 TOTAL SHARES BOUGHT & SOLD 208,192

Junior Market Royal Fidelity TIGRS A Fund 23-Dec-10 $10.61 $10.61 Royal Fidelity TIGRS A1 Fund $10.00 $10.00 $9.30 53

Fixed Income Barbados Government Debenture 8% 2012 $108.00 10,000 Barbados Government T/Note 6% 2016 09-Dec-10 $100.00 1,000 Odd-Lot 8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb SHARE SUMMARY INFORMATION Friday February 11, 2011 Curren Last Trade Volum Last t Price Bid Ask Bid Ask Company Date e High Low Close Close Change Price Price Size Size ANSA McAl (Barbados) Ltd 29-Nov-10 $14.70 $14.70 Almond Resorts Inc. 14-Dec-10 $1.75 $1.75 $1.75 847 BICO Limited 27-Jan-11 $1.45 $1.45 Banks Holdings Ltd. 09-Feb-11 $3.95 $3.95 $3.85 $3.95 318 596 Barbados Dairy Industries Ltd. 31-Jan-11 $6.00 $6.00 $5.25 $6.00 17 200 Barbados Farms Ltd. 27-Jan-11 $2.49 $2.49 $2.90 225 Barbados National Bank Inc. 31-Jan-11 $5.57 $5.57 $5.50 $5.57 16 2,556 Barbados Shipping & Trading Co. Ltd. 06-Jul-10 $7.52 $7.52 $7.30 533 Cable and Wireless Barbados Ltd 10-Feb-11 $5.40 $5.40 $5.25 219 Cave Shepherd and Co. Ltd. 04-Jan-11 $5.00 $5.00 $5.00 381 FirstCaribbean International Bank 18-Jan-11 $2.75 $2.75 $2.75 300 Fortress Caribbean Property Fund 09-Feb-11 $1.14 $1.14 $1.14 808 Goddard Enterprises Ltd. 11-Feb-11 100 $5.81 $5.81 $5.80 $5.81 $0.01 $5.80 $5.81 77 1,774 Insurance Corporation Of Barbados Ltd. 10-Feb-11 $3.05 $3.05 $3.03 $4.75 745 1,000 Jamaica Money Market Brokers Limited 22-Nov-10 $0.10 $0.10 Light And Power Holdings Ltd 5.5% Pref 13-Aug-10 $3.11 $3.11 $3.15 128 Light and Power Holdings Ltd. 04-Nov-10 $11.76 $11.76 $12.01 25 Neal And Massy Holdings Ltd. 27-Jan-11 $13.00 $13.00 $12.50 $13.50 987 469 One Caribbean Media Limited 09-Feb-11 $3.15 $3.15 $3.10 $5.70 28 300 Sagicor Financial Corporation 11-Feb-11 500 $3.05 $3.05 $3.01 $3.05 $0.04 $3.05 $3.25 1,055 500 The West Indies Rum Distilleries Ltd. 01-Jul-10 $8.20 $8.20 $8.19 65 Trinidad Cement Ltd. 08-Oct-08 $2.50 $2.50 $1.00 $1.50 10 967 West India Biscuit Co. Ltd. 04-Feb-11 $10.38 $10.38 $10.00 35 TOTAL SHARES BOUGHT & SOLD 600

* = Security is Trading X-Div *+* = Security is Suspended Week in Review

This week, the Regular Market traded a total volume of 395,581 shares. The top three companies traded were **Light and Power Holdings Limited with 290,204, One Caribbean Media Limited with 25,000 and Neal & Massy Holdings Limited with 23,100 shares.

** It should be noted that this transaction represents part of those shareholders who accepted Emera (Barbados) Holdings No.2 Incorporated’s offer for Light and Power Holdings Limited.

Regular Market

Security Volume LIGHT & POWER HOLDINGS LIMITED 290,204 ONE CARIBBEAN MEDIA LIMITED 25,000 NEAL & MASSY HOLDINGS LIMITED 23,100 SAGICOR FINANCIAL CORPORATION 20,635 FIRSTCARIBBEAN INTERNATIONAL BANK 13,429 CABLE & WIRELESS (BARBADOS) LIMITED 11,223 FORTRESS CARIBBEAN PROPERTY FUND LIMITED 6,933 INSURANCE CORPORATION OF BARBADOS LIMITED 5,057

On the Odd-Lot Market this week 5,411 shares traded.

Odd-Lot Market

Security Volume SAGICOR FINANCIAL CORPORATION 1,670 CABLE & WIRELESS (BARBADOS) LIMITED 1,444 ONE CARIBBEAN MEDIA LIMITED 1,037 INSURANCE CORPORATION OF BARBADOS LIMITED 993 BANKS HOLDINGS LIMITED 100 GODDARD ENTERPRISES LIMITED 100 FORTRESS CARIBBEAN PROPERTY FUND LIMITED 67 INDICES TODAY'S TRADING LAST TRADING CHANGES February 11, 2011 February 4, 2011

Local 3,355.33 3,353.60 1.74 Cross-list 1,145.93 1,096.17 49.76 Composite 735.29 723.58 11.72

MARKET CAPITALISATION (in millions) TODAY'S TRADING LAST TRADING CHANGES February 11, 2011 February 4, 2011

Local 9,018.32 9,006.11 12.21 Cross-list 1,897.45 1,822.04 75.40 Composite 10,923.63 10,836.02 87.62 BARBADOS STOCK EXCHANGE INC. 8th Avenue, Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 February 11th Advancers/ Decliners for the Week Ending : 2011 WEBSITE: www.bse.com.bb

SECURITY LAST THIS

LAST WEEK'S WEEK'S WEEK'S WEEK'S WEEK'S TRADING DATE VOLUME CLOSE CLOSE CHGE HIGH LOW

mm.dd.yyyy ANSA McAL (Barbados) Ltd. 01.19.2011 - 11.75 11.75 - - -

Almond Resorts Inc. 05.03.2010 - 1.55 1.55 - - - BICO Limited 12.22.2010 - 1.47 1.47 - - -

Banks Holdings 02.04.2011 - 3.95 3.95 - - - B'dos Dairy Ind. 05.21.2010 - 5.29 5.29 - - -

B'dos Farms 11.16.2010 - 2.49 2.49 - - - B'dos National Bank Inc. 09.13.2010 - 5.57 5.57 - - -

B'dos Shipping & Trading 10.18.2010 - 7.58 7.58 - - -

C&W BARBADOS 02.11.2011 11,223 5.40 5.40 - 5.40 5.40

Cave Shepherd 01.26.2011 - 4.20 4.20 - - - FirstCaribbean International Bank 02.11.2011 13,429 3.00 3.00 - 3.00 3.00

Fortress Caribbean Property Fund 02.09.2011 6,933 1.14 1.15 0.01 1.15 1.15 Goddard Enterprises Ltd. 01.25.2011 - 5.90 5.90 - - -

Insurance Corporation of B'dos 02.08.2011 5,057 3.05 3.05 - 3.05 3.05 Jamaica Money Market Brokers 11.22.2010 - 0.10 0.10 - - -

Light & Power Holdings 02.11.2011 290,204 25.70 25.70 - 25.70 25.70 Neal & Massy 02.11.2011 23,100 12.75 13.50 0.75 13.50 13.50

One Caribbean Media Limited 02.08.2011 25,000 3.10 3.11 0.01 3.11 3.10 Sagicor Financial Corp. 02.11.2011 20,635 3.01 3.05 0.04 3.05 3.05

The West Indies Rum Distillery Limited 12.16.2009 - 8.50 8.50 - - - Trinidad Cement Ltd 11.04.2010 - 0.80 0.80 - - -

West India Biscuit Co. 02.04.2011 - 10.05 10.05 - - - PREFERRED

LPH 5.5% 07.06.2010 - 3.11 3.11 - - -

TOTAL SHARES BOUGHT & SOLD 395,581 JUNIOR MARKET

Royal Fidelity TIGRS A Fund 12.23.2010 - 10.61 10.61 - - - Royal Fidelity TIGRS A1 Fund 01.00.1900 - 10.00 10.00 - - -

TOTAL SHARES BOUGHT & SOLD -

** Traded at its closing prices