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Pegasus Hotels of Jamaica Ltd.(PEG): Interim Dividend

At a Directors Meeting of Pegasus Hotels of Jamaica Limited held on September 25, 2006, an interim dividend of twenty-five cents ($0.25) per stock unit was declared.

The Register of Members will be closed on Friday, October 13, 2006 to be reopened on Friday, October 20, 2006.  Record date is October 13, 2006 and payment date is November 3, 2006.