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JAMAICAN TEAS OFFER CLOSED

 
NEWS RELEASE
 
FOR:   IMMEDATE RELEASE
 
FOR:   MAYBERRY INVESTMENTS LIMITED (MIL)
 
                                                           
June 17, 2010
 
JAMAICAN TEAS OFFER CLOSED
 
Kingston: Mayberry Investments Limited (MIL) lead broker in the proposed
admission of Jamaican Teas Limited to the Junior Market of the Jamaica Stock
Exchange is advising the public that the offer has closed as at 9:02 am this
morning.
 
Applications have been received in excess of the 29,435,695 shares valued at
$3.37 on offer.
 
All applications received prior to the opening of the Invitation at 9:00
a.m. were treated as all having been received at 9:00 a.m. and dealt with at
that time on a first come, first served basis as stated in the terms and
conditions set out in the Prospectus.
 
MIL is advising the public that due to the overwhelming response to the
share offer, the allocation will be done on a proportional basis. All
Applicants should note that they may receive a smaller number of shares than
they have applied for, as Jamaica Teas Limited reserves the right to
allocate on a proportional or other basis to be determined in its sole
discretion.
 
Tetley Tea based in Kingston, is the largest producer of tea in the English-
speaking Caribbean. The company exports 40 per cent of the tea produced in
its Kingston, Jamaica headquarters and sell the remaining 60 per cent to the
local market under various wholly owned brands such as Caribbean Dreams.