Radio Jamaica Ltd. (RJR)- Dividend/Bonus Issue

At the AGM on December 11, a resolution was passed for a dividend of 5% gross on preference shares together with an additional 2 1/2% participating dividend less tax for the 15 months ended March 31, 2002 to shareholders and for a final dividend of six cents on each ordinary share less income tax for the 15-month ended March 31, 2002. Payment date is January 21, 2003 to shareholders on record at the close of business on December 31, 2002.

A bonus issue of one for four will be allotted to shareholders on record as at December 24, 2002. The x-bonus date is December 20, 2002.