Capital & Credit Merchant Bank Ltd.(CCMB)- Dividend Declared

At a meeting of the Board of Directors of Capital & Credit Merchant Bank Ltd. on Friday, July 16, 2004, it was resolved that an Interim Dividend in the amount of 7.5 cents per stock unit be paid on August 26, 2004 to stockholders on record as at August 5, 2004. The XD date is August 3, 2004.