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Jamaica Public Service (JPS)Management Change

Jamaica Public Service Company Limited (JPS) has advised that Marubeni TAQA Caribbean (MTC), the majority shareholder in JPS, is restructuring its operations as part of the organization`s commitment to continuous improvement. Following a detailed review of its operations, MTC has decided to significantly reduce its staff complement at its head office in Atlanta and this extends to expatriates assigned to the Caribbean business units. It is in this context that MTC has advised that Mr. Gary Osborne, Chief Financial Officer, will no longer be with JPS as of March 31, 2010.