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Transcript from the records of the Jamaica Public Service Company Limited Board of Directors Meeting held on January 23, 2024

RESOLVED that a quarterly dividend of 1 ¾ % on the 7% Cumulative Preference Shares “B” of the Company be and hereby is declared payable on the 28th March 2024 out of the net revenues of the Company for the year ending 31st December, 2023 and/or out of undistributed net revenues of previous years, to Preference “B” shareholders on record at the close of business on the 15th day of March 2024 will be paid at a rate of $0.035 per unit.

RESOLVED that a quarterly dividend of 1 ¼ % on the 5% Cumulative Preference Shares “C” of the Company be and hereby is declared payable on the 28th March 2024 out of the net revenues of the Company for the year ending 31st December, 2023 and/or out of undistributed net revenues of previous years, to Preference “C” shareholders on record at the close of business on the 15th day of March, 2024. will be paid at a rate of $0.025 per unit.

RESOLVED that a quarterly dividend of 1 ¼ % on the 5% Cumulative Preference Shares “D” of the Company be and hereby is declared payable on the 28th March 2024 out of the net revenues of the Company for the year ending 31st December, 2023 and/or out of undistributed net revenues of previous years, to Preference “D” shareholders on record at the close of business on the 15th day of March, 2024 will be paid at a rate of $0.025 per unit.

RESOLVED that a quarterly dividend of 1 ½ % on the 6% Cumulative Preference Shares “E” of the Company be and hereby is declared payable on the 28th March 2024 out of the net revenues of the Company for the year ending 31st December, 2023 and/or out of undistributed net revenues of previous years, to Preference “E” shareholders on record at the close of business on 15th day of March, 2024 will be paid at a rate of $0.030 per unit.