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Lascelles deMercado and Company Ltd. (LAS) – Dividend Payment

The Board of Directors have declared that a regular dividend of 2 cents per ordinary stock unit and as well a special dividend of $1.00 per ordinary stock unit, are both payable to ordinary stockholders on record as at the close of business on March 26, 2004 to be paid on April 7, 2004. The XD date is March 24, 2004.