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Desnoes & Geddes Ltd.(DG): Resolution

At a meeting of the Board of Directors held on Thursday, 23 November 2006 the following Resolution was duly passed:

“RESOLVED THAT the Directors hereby declare a First Interim Dividend for the year 2006-2007 in the amount of 26 cents per stock unit payable on the 15th day of December 2006, to stockholders on record as at the 1st day of December 2006”