CIBC W.I. – Resignations and appointments

The following are resignations and appointments of Directors at CIBC W.I. Holdings Ltd. and CIBC Caribbean Ltd.: Mike Pedersen and Ronald Huggins of CIBC W.I. Holdings were appointed on May

Ciboney Group Ltd. (CBNY) – Director Quits

There has been a change of ownership and the majority control of the shares in the company is now held by Crown Eagle Life Insurance company. This has been achieved

LOJ – CEO Quits

The Board of LOJ announced on September 26 that Richard Powell, the Company’s President and CEO will be demitting office on December 31, 1996 to pursue other endeavours. The Board

Ciboney Gp. (CBNY) – Director Resigns

At a meeting of the Board of Directors on June 27, 1996, Mr. Ronald Hall tendered his resignation as Director of the Group effective June 30, 1996.

TOJ – Director Resigns

Effective May 10, 1996, Duncan McArthur a member of the Board of Directors resigned and was replaced by the Hon. Patrick Rousseau O.J.

TDB – MD Quits

At a Board Meeting on April 26, it was announced that the current Managing Director , Mr. Gerald Niesen, steps down effective April 30, 1996. He will remain on the