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FirstCaribbean: Redeemable Floating Rate Notes due 2012

FirstCaribbean International Bank (Jamaica)  Limited is offering JA$1.5 billion aggregate 
principal amount of notes due 2012. The notes will mature and be repaid at 100% of thier principal amount on April 30, 2012. Interest on the notes will be payable at a rate of the Government of Jamaica Weighted Average 6-months Tresaury Bill Rate (WATBY) plus 1.65% (with the first coupon payment  fixed at 13.30%) and will be paid semi-annually in arrears on the October 30 and April 30 of each year, commencing October 30, 2007. Subject to the provisions of Sections 25A to F (inclusive) of the Banking Act or any other applicable provisions of the Banking Act or other relavnt statute in force and effect from time to time, the Notes will be unsecured  obligations of the Issuer and will rank equally with all other existing and future unsubordinated and unsecured debt of the Issuer.