Trading Report s14

TRADING REPORT

September 2, 2016

One security declined and two traded firm as 8,940 shares traded on the Regular Market, with a total value of $124,201.88. Massy Holdings Limited was the volume leader trading 8,137 shares at $14.50 to close down one dollar and five ($1.05) cents. They were followed by Goddard Enterprises Limited and Banks Holdings Limited** which traded 432 and 371 shares respectively.

Regular Market

Security Volume High Low Market Advance/ Price Decline MASSY HOLDINGS LIMITED 8,137 $14.50 $14.50 $14.50 -$1.05 GODDARD ENTERPRISES LIMITED 432 $8.29 $8.29 $8.29 $0.00 BANKS HOLDINGS LIMITED** 371 $7.10 $7.10 $7.10 $0.00

** It should be noted that these transactions represent the trades pursuant to SLU Beverages Limited's offer for Banks Holdings Limited.

Put Through Market

Security Volume Market Price SAGICOR FINANCIAL CORPORATION 1,000 $2.00

Deposit Receipts

Security Previous Current Advance/ Close Close Decline EMERA DEPOSIT RECEIPT $18.01 $18.00 -$0.01

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

INDEX TODAY'S TRADING LAST TRADING CHANGES September 2, 2016 September 1, 2016

Local 2,540.63 2,540.63 - Cross-list 1,411.72 1,474.03 (62.31) Composite 648.02 655.95 (7.93)

MARKET CAPITALISATION (in millions) TODAY'S TRADING LAST TRADING CHANGES September 2, 2016 September 1, 2016

Local 6,094.68 6,094.70 (0.02) Cross-list 2,325.18 2,427.81 (102.63) Composite 8,419.85 8,522.51 (102.65)

MUTUAL FUNDS

September 2, 2016 NAV ENDED NAME OF FUND NAV OFFER BID CHANGE 26-Aug-16 REPUBLIC CAPITAL GROWTH FUND w 1.5773 0.0023 26-Aug-16 REPUBLIC INCOME FUND -* w 1.5741 0.0015 26-Aug-16 REPUBLIC PROPERTY FUND w 1.2730 -0.0002 26-Aug-16 FORTRESS CARIBBEAN GROWTH FUND w 5.0807 5.0807 5.0807 -0.0075 26-Aug-16 FORTRESS HIGH INTEREST FUND - ACC. w 1.9085 0.0017 26-Aug-16 FORTRESS HIGH INTEREST FUND - DIST. w 1.0182 0.0009 31-Jul-16 ROYAL FIDELITY SELECT BALANCED FUND m 4.9284 4.9284 4.2980 0.0549 31-Jul-16 ROYAL FIDELITY STRATEGIC GROWTH FUND m 0.8585 0.8585 0.8413 0.0127 31-Jul-16 ROYAL FIDELITY PREMIUM INCOME FUND m 1.5378 1.5378 1.5070 0.0072 26-Aug-16 SAGICOR GLOBAL BALANCED FUND w 2.34 -0.01 26-Aug-16 SAGICOR SELECT GROWTH FUND w 1.27 -0.01 26-Aug-16 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

JMMB Group Limited - Notice is hereby given that the Annual General Meeting of the Shareholders of the Company will be held on September 21st, 2016 at the Jamaica Pegasus Hotel, Grand Jamaican Suite, 81 Knutsford Boulevard, Kingston 5, Jamaica.

TRADING SUSPENSION

The Barbados Stock Exchange (BSE) wishes to advise that, as a result of the approved amalgamation of Emera (Caribbean) Incorporated and Emera (Caribbean) (2016) Incorporated, trading in the security - Emera (Caribbean) Incorporated - has been suspended with immediate effect. Please be advised that the trading suspension does not pertain to Emera Caribbean Incorporated 5.5% Preference shares. 8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb SHARE SUMMARY INFORMATION Friday September 2, 2016 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 18-Aug-16 $0.02 $0.02 $0.02 $0.15 87,000 12,000 BICO Limited 31-Aug-16 $2.05 $2.05 $2.05 1,080 Banks Holdings Limited 02-Sep-16 371 $7.10 $7.10 $7.10 $7.10 $0.00 $7.10 158,723 Barbados Dairy Industries Limited 23-Aug-16 $1.88 $1.88 $2.00 $5.25 500 20,295 Barbados Farms Limited 29-Jun-16 $0.50 $0.50 $0.30 $0.50 12,100 5,666 Cable and Wireless Barbados Limited 31-Aug-16 $2.66 $2.66 $2.60 $2.66 644 8,048 Cave Shepherd and Company Limited 31-Aug-16 $3.45 $3.45 $3.45 $3.68 382 4,121 FirstCaribbean International Bank 15-Aug-16 $2.05 $2.05 $2.08 $2.25 10,000 8,477 Fortress Caribbean Property Fund - Dev Fund 24-Aug-16 $0.19 $0.19 $0.19 16,286 Fortress Caribbean Property Fund - Value Fund 31-Aug-16 $0.52 $0.52 $0.52 $0.59 34,523 15,948 Goddard Enterprises Limited 02-Sep-16 432 $8.29 $8.29 $8.29 $8.29 $0.00 $8.29 4,300 Insurance Corporation Of Barbados Limited 26-Aug-16 $3.25 $3.25 $3.30 $4.75 2,000 1,000 JMMB Group Limited 14-Jul-16 $0.15 $0.15 $0.15 1,000 Emera (Caribbean) Incorporated 5.5% Pref 17-Jun-16 $6.00 $6.00 $3.15 131 Emera (Caribbean) Incorporated *+* 03-Feb-16 $33.30 $33.30 Massy Holdings Limited 02-Sep-16 8,137 $14.50 $14.50 $15.55 $14.50 -$1.05 $14.50 $15.00 16,863 627 One Caribbean Media Limited 10-Aug-16 $7.00 $7.00 $3.05 $6.99 3 500 Sagicor Financial Corporation Pref 6.5% 23-Jun-16 $2.26 $2.26 Sagicor Financial Corporation Limited 31-Aug-16 $2.00 $2.00 $1.88 $1.89 1,000 4,809 The West Indies Rum Distilleries Limited 24-Aug-16 $8.00 $8.00 $8.00 18,115 Trinidad Cement Limited 18-Aug-16 $0.80 $0.80 $0.80 $0.85 850 37,361 West India Biscuit Company Limited 22-Jun-16 $14.20 $14.20 $14.40 350 Emera Deposit Receipt $18.01 $18.00 -$0.01 $18.50 25,000 TOTAL SHARES BOUGHT & SOLD 8,940

Junior Market 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 Friday September 2, 2016 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 6.875% 2023 23-Aug-16 $103.00 30,000 Barbados Government Debenture 7% 2027 $104.00 50,000 Barbados Government Debenture 7.25% 2026 06-May-16 $103.00 30,000 Barbados Government Debenture 7.375% 2027 06-May-16 $104.00 20,000 Barbados Government Debenture 7.50% 2026 13-Jul-16 $106.00 78,000 Barbados Government T/Note 6% 2016 05-Apr-16 $101.00 35,000 Barbados Government T/Note 6% 2017 30-Jun-16 $105.00 296,000 Barbados Government T/Note 6.5% 2019 29-Jan-16 $106.00 150,000 Barbados Government T/Note 6.625% 2019 18-Apr-16 $106.00 28,000 TOTAL SHARES BOUGHT & SOLD - * = Security is Trading X-Div *+* = Security is Suspended ** = Rights Issued Week in Review This week, the Regular Market traded a total volume of 62,721 shares. The top three companies traded were Goddard Enterprises Limited with 17,432, Fortress Caribbean Property Fund - Value Fund with 15,815 and Sagicor Financial Corporation Limited with 9,140 shares.

Regular Market

Security Volume GODDARD ENTERPRISES LIMITED 17,432 FORTRESS CARIBBEAN PROPERTY FUND - VALUE FUND 15,815 SAGICOR FINANCIAL CORPORATION LIMITED 9,140 MASSY HOLDINGS LIMITED 8,137 CABLE & WIRELESS (BARBADOS) LIMITED 5,000 BANKS HOLDINGS LIMITED** 4,659 BICO LIMITED 1,920 CAVE SHEPHERD & COMPANY LIMITED 618

** It should be noted that these transactions represent the trades pursuant to SLU Beverages Limited's offer for Banks Holdings Limited.

Put Through Market

Security Volume SAGICOR FINANCIAL CORPORATION LIMITED 1,000

INDICES TODAY'S TRADING LAST TRADING CHANGES September 2, 2016 August 26, 2016

Local 2,540.63 2,541.99 (1.36) Cross-list 1,411.72 1,474.03 (62.31) Composite 648.02 656.20 (8.18)

MARKET CAPITALISATION (in millions) TODAY'S TRADING LAST TRADING CHANGES September 2, 2016 August 26, 2016

Local 6,094.68 6,098.69 (4.01) Cross-list 2,325.18 2,427.81 (102.63) Composite 8,419.85 8,526.49 (106.64) BARBADOS STOCK EXCHANGE INC. 8th Avenue, Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 September Advancers/ Decliners for the Week Ending : 2nd, 2016 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 ABV Investments Incorporated 08.18.2016 - 0.02 0.02 - - - BICO Limited 08.31.2016 1,920 2.04 2.05 0.01 2.05 2.05 Banks Holdings Limited 09.02.2016 4,659 7.10 7.10 - 7.10 7.10 B'dos Dairy Industries Limited 08.23.2016 - 1.88 1.88 - - - B'dos Farms Limited 06.29.2016 - 0.50 0.50 - - -

Cable & Wireless (B'dos) Limited 08.31.2016 5,000 2.66 2.66 - 2.66 2.66

Cave Shepherd & Company Ltd. 08.31.2016 618 3.45 3.45 - 3.45 3.45 FirstCaribbean International Bank 08.15.2016 - 2.05 2.05 - - - Fortress Caribbean Property Fund - Dev Fund 08.24.2016 - 0.19 0.19 - - - Fortress Caribbean Property Fund - Val Fund 08.31.2016 15,815 0.60 0.52 (0.08) 0.59 0.52 Goddard Enterprises Limited 09.02.2016 17,432 8.27 8.29 0.02 8.29 8.29 Insurance Corporation of B'dos Ltd. 08.26.2016 - 3.25 3.25 - - - JMMB Group Limited 07.14.2016 - 0.15 0.15 - - - Emera (Caribbean) Incorporated 02.03.2016 - 33.30 33.30 - - - Massy Holdings Limited 09.02.2016 8,137 15.55 14.50 (1.05) 14.50 14.50 One Caribbean Media Limited 08.10.2016 - 7.00 7.00 - - - Sagicor Financial Corporation Limited 08.31.2016 9,140 2.00 2.00 - 1.89 1.89 The West Indies Rum Distillery Limited 08.24.2016 - 8.00 8.00 - - - Trinidad Cement Limited 08.18.2016 - 0.80 0.80 - - - West India Biscuit Company Limited 06.22.2016 - 14.20 14.20 - - - Emera Deposit Receipt - - 18.34 18.00 (0.34) - - PREFERRED Emera (Caribbean) Incorporated 5.5% Pref 06.17.2016 - 6.00 6.00 - - - Sagicor Financial Corporation - SFC 6.5% 06.23.2016 - 2.26 2.26 - - -

TOTAL SHARES BOUGHT & SOLD 62,721 JUNIOR MARKET Royal Fidelity TIGRS A3 Fund 12.18.2013 - 10.00 10.00 - - -

TOTAL SHARES BOUGHT & SOLD -

** Traded at its closing prices