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Jamaica Public Service Company Limited (JPS) Considers Dividend

Jamaica Public Service Company Limited (JPS) has advised that the Board of Directors of the Company will consider at its meeting scheduled for November 12, 2018 the payment of Class F preference dividend as follows:

RESOLVED that this Board HEREBY APPROVES a Class F Preference Share dividend payment of Two Million Three Hundred and Thirty-Two Thousand Eight Hundred and Twenty -Seven United States Dollars and Nine Cents (US$ 2,332,827.09) or 0.94999999 United States cents per share/stock on the Class F Preference Shares of the Company payable on the 30th day of November 2018 to share/ stockholders on record at close of business on the 26th day of November 2018. This amount will be distributed out of retained earnings.

JPS has further advised that the Board of Directors of the Company will consider at its meeting scheduled for November 12, 2018 the payment of Ordinary Shares/Stocks Dividend as follows:

RESOLVED that this Board HEREBY APPROVES a final dividend of the Jamaican equivalent of Ten Million United States Dollars (US$10,000,000.00) or 0.00045812 United States cents per share/stock on the Ordinary Stock/Shares of the Company at the rate of exchange of the Bank of Jamaica’s daily weighted average selling rate on the 26th day of November 2018 payable on the 30th day of November 2018 to share/stockholders registered at close of business on the 26th day of November 2018. This amount will be distributed out of retained earnings.