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December 14, 2000

TDB – Acquisition

On November 22, 2000 TDB entered into an agreement for exchange of shares with First Life Insurance of TDB to acquire the whole of the issued share capital of Pan-Caribbean

TDB/Grace, Kennedy – Sale of Shares

TDB and Grace, Kennedy have entered into an agreement for sale of shares dated December 13, 2000, which if completed will transfer all of TDB’s shareholdings in Trafalgar Commercial Bank