Desnoes & Geddes Ltd. (DG) – Dividend and capital distribution

The Board of Directors has approved the payment of an interim dividend of fifty-five cents per stock unit in the form of capital distribution, less transfer tax arriving from the sale of the soft drinks business and twenty cents per stock unit (gross) based on the unaudited results for the six months ended December 31, 1999. These dividends are to be made payable on March 17, 2000 to shareholders on record as at the close of business on March 2, 2000.