Jamaica Money Market Brokers Limited

Jamaica Money Market Brokers has informed the Jamaica Stock Exchange that at a meeting of the Board of Directors’ of the Company, held on the same day, it was resolved that the Company at its Annual General Meeting on September 17, 2007, resolve to increase its capital, from J$391,600,000.00 (comprises of 1,566,400,000 ordinary shares) by the addition thereto of J$10,000,000.00 comprised of 1,000,000,000 fixed rate cumulative redeemable preference shares.

The Board of Directors also resolved that the Finance Committee of the Board should have the authority to and, in consultation with the Company’s attorneys-at-law retained to assist the Company with the Preference Share Issue, determine whether the proposed offer of fixed rate cumulative redeemable preference shares shall be made and if so, on terms and condition most advantageous to the Company and for such purposes, the Finance Committee shall have authority to:

1. fix the terms of issue of the Fixed Rate Cumulative Redeemable Preference Shares and the price at which such Fixed Rate Cumulative Redeemable Preference Shares may be offered to the public;
2. approve the terms and conditions of, and settle in its entirety, the Prospectus by which the Fixed Rate Cumulative Redeemable Preference Shares may be offered to the public;
3. approve and arrange for the filing of an application to the relevant stock exchange(s) for the Fixed Rate Cumulative Redeemable Preference Stock Units (following conversation from the Fixed Rate Cumulative Redeemable Preference Shares) to be listed on the said exchange(s);
4. atten to, approve and arrange for all other documents to be settled and/or such further steps to taken in and towards completing the offer proposed to be made to the public with respect to the Fixed Rate Cumulative Redeemable Preference Shares and/or the listing of all issued Fixed Rate Cumulative Redeemable Preference Stock Units on the relevant stock exchange(s)

The Company has advised that on November 26, 2007, the Finance Committee of the Board approved the registration of a Prospectus for use only in Jamaica and that the said Prospectus should not be constructed as an offer of any of the preference shares outside of Jamaica.  Accordingly, the Company registered a Prospectus with the Companies Office and Financial Services Commission in Jamaica on November 26, 2007