First Life Co. Ltd. – Agreement

In furtherance of the of the previously announced ‘back office’ joint venture to administer their employee benefit business, First Life and Life of Jamaica Ltd. have signed a Co-Insurance Agreement under which each company will insure half of the Group Insurance portfolio of the other. First Life and Life of Jamaica will now share equally, the risk and reward of the combined portfolios. This Agreement is retroactive to July 1, 2002