Chairman's Address - 61st Annual General Meeting

My fellow shareholders, it gives me great pleasure to present my report on the performance of our Company for the period ended September 30, 2016 and to advise on the excellent results produced during the year.

The Proft after Tax for the Company was $4.357 billion compared to $2.569 billion in 2015, an increase of $1.788 billion. Included in this profit is a gain of $1.409 billion arising from the sale of its holding of ordinary shares in Banks Holdings Limited and Desnoes & Geddes (Jamaica) Ltd, and the dissolution of BCL (Barbados) Ltd which resulted in a surplus of $29.2 million over the cost of the Investment.