TRADING REPORT

December 20, 2011

One security declined as 1,000 shares traded on the Regular Market, with a total value of $2,900.00. FirstCaribbean International Bank was the sole security trading 1,000 shares at $2.90 to close down twenty-three (23) cents.

Regular Market

Security / Volume / High / Low / Price / Advance/
Decline
FIRSTCARIBBEAN INTERNATIONAL BANK / 1,000 / $2.90 / $2.90 / $2.90 / -$0.23

Odd-Lot Market

Security / Volume / High / Low / Price
SAGICOR FINANCIAL CORPORATION / 307 / $2.83 / $2.83 / $2.83

Fixed Income Market

Security / Volume
BARBADOS GOVERNMENT T/NOTE 5.875% 2015 / 2,000,000
INDICES
TODAY'S TRADING / LAST TRADING / CHANGES
December 20, 2011 / December 19, 2011
Local / 3,273.24 / 3,282.06 / (8.81)
Cross-list / 1,142.23 / 1,142.23 / -
Composite / 722.92 / 724.15 / (1.24)
MARKET CAPITALISATION (in millions)
TODAY'S TRADING / LAST TRADING / CHANGES
December 20, 2011 / December 19, 2011
Local / 9,134.90 / 9,497.63 / (362.73)
Cross-list / 1,896.82 / 1,896.82 / -
Composite / 11,039.67 / 11,402.40 / (362.73)

MUTUAL FUNDS

December 20, 2011
ENDED / NAME OF FUND / NAV / OFFER / BID / NAV CHANGE
16-Dec-11 / BNB CAPITAL GROWTH FUND / w / 1.2290 / -0.0091
16-Dec-11 / BNB INCOME FUND -* / w / 1.3200 / 0.0011
16-Dec-11 / BNB PROPERTY FUND / w / 1.6450 / -0.0027
15-Dec-11 / CLICO BALANCED FUND INC. / w / 1.176 / -0.0060
16-Dec-11 / FORTRESS CARIBBEAN GROWTH FUND / w / 4.4659 / 4.4659 / 4.4659 / -0.0541
16-Dec-11 / FORTRESS HIGH INTEREST FUND - ACC. / w / 1.7028 / -0.0016
16-Dec-11 / FORTRESS HIGH INTEREST FUND - DIST. / w / 1.0084 / -0.0009
30-Nov-11 / ROYAL FIDELITY SELECT BALANCED FUND / m / 4.5117 / 4.5117 / 4.4215 / -0.0094
30-Nov-11 / ROYAL FIDELITY STRATEGIC GROWTH FUND / m / 0.8546 / 0.8546 / 0.8375 / 0.0006
30-Nov-11 / ROYAL FIDELITY PREMIUM INCOME FUND / m / 1.2115 / 1.2115 / 1.1873 / 0.0092
16-Dec-11 / SAGICOR GLOBAL BALANCED FUND / w / 2.07 / -0.02
16-Dec-11 / SAGICOR SELECT GROWTH FUND / w / 1.05 / -0.02
16-Dec-11 / SAGICOR PREFERRED INCOME FUND -* / w / 1.06 / 0.00
* Indicates the Fund is currently ex-div

NOTES: QUOTATIONS AND NET ASSET VALUE PER SHARE ARE SUPPLIED BY THE FUND MANAGEMENT. THE OFFERING PRICE INCLUDES NET ASSET VALUE PLUS ENTRY COSTS.

m = monthly valuation, q = quarterly valuation, w = weekly


NEWS

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DIVIDEND DECLARATION

Fortress Caribbean Property Fund - Directors have declared a dividend of two (2) cents per share to be paid on December 20th, 2011 to Shareholders on record at close of business on December 16th, 2011.

Light and Power Holdings Limited 5.5% Preference - Directors have declared a dividend of thirteen point seven five (13.75) cents per share to be paid on December 31st, 2011 to Shareholders on record at close of business on November 29th, 2011.

FirstCaribbean International Bank Limited – Directors have declared that a final dividend will be paid to Shareholders on record at close of business on December 13th, 2011. The dividend rate and payment date will be announced in a subsequent notice.

TRADING SUSPENSION

Barbados Shipping & Trading Company Limited - Pursuant to the application for a Certificate of Amalgamation by Barbados Shipping Trading Company Limited, the company's shares have been suspended from trading.

8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb /
SHARE SUMMARY INFORMATION /
Tuesday December 20, 2011 /
Company / Last Trade Date / Volume / High / Low / Last Close / Current Close / Price Change / Bid Price / Ask Price / Bid Size / Ask Size /
ANSA McAl (Barbados) Ltd / 05-Oct-11 / $11.75 / $11.75
Almond Resorts Inc. / 08-Sep-11 / $1.25 / $1.25 / $0.50 / $1.25 / 10,000 / 4,000
BICO Limited / 08-Sep-11 / $1.86 / $1.86 / $1.50 / 4,456
Banks Holdings Ltd. -* / 25-Nov-11 / $3.29 / $3.29 / $3.30 / $3.79 / 3,000 / 3,850
Barbados Dairy Industries Ltd. / 21-May-10 / $5.29 / $5.29 / $3.00 / $5.25 / 6,296 / 6,286
Barbados Farms Ltd. / 29-Sep-11 / $1.50 / $1.50 / $1.20 / $2.00 / 22,000 / 33,417
Barbados National Bank Inc. / 12-Apr-11 / $5.50 / $5.50 / $5.20 / 16,800
Barbados Shipping & Trading Co. Ltd. - *+* / 18-Oct-10 / $7.58 / $7.58
Cable and Wireless Barbados Ltd / 05-Oct-11 / $5.34 / $5.34 / $4.00 / $5.34 / 5,000 / 12,462
Cave Shepherd and Co. Ltd. / 02-Dec-11 / $4.60 / $4.60 / $4.20 / $5.00 / 44,400 / 10,000
FirstCaribbean International Bank -* / 20-Dec-11 / 1,000 / $2.90 / $2.90 / $3.13 / $2.90 / -$0.23 / $2.50 / $3.13 / 1,000 / 120,935
Fortress Caribbean Property Fund -* / 09-Dec-11 / $1.00 / $1.00 / $0.75 / $1.00 / 10,000 / 57,001
Goddard Enterprises Ltd. / 06-Dec-11 / $6.00 / $6.00 / $5.00 / $6.00 / 1,190 / 1,547
Insurance Corporation Of Barbados Ltd. -* / 19-Dec-11 / $2.70 / $2.70 / $2.50 / $2.70 / 4,000 / 21,000
Jamaica Money Market Brokers Limited / 24-Oct-11 / $0.10 / $0.10 / $0.15 / $0.39 / 43,000 / 6,840
Light and Power Holdings Ltd 5.5% Pref -* / 06-Jul-10 / $3.11 / $3.11 / $3.11 / 4,000
Light and Power Holdings Ltd. / 28-Nov-11 / $25.70 / $25.70 / $25.70 / 1,000
Neal And Massy Holdings Ltd. / 17-Nov-11 / $13.60 / $13.60 / $13.60 / $15.75 / 11,821 / 1,100
One Caribbean Media Limited / 19-Dec-11 / $2.95 / $2.95 / $3.20 / 15,728
Sagicor Financial Corporation Pref 6.5% / 20-Jul-11 / $2.00 / $2.00 / $2.00 / 10,000
Sagicor Financial Corporation / 21-Nov-11 / $2.87 / $2.87 / $2.00 / $2.83 / 5,000 / 26,988
The West Indies Rum Distilleries Ltd. / 22-Jul-11 / $8.00 / $8.00 / $6.00 / 1,000
Trinidad Cement Ltd. / 22-Jun-11 / $0.80 / $0.80 / $2.00 / 1,100
West India Biscuit Co. Ltd. / 20-Apr-11 / $10.00 / $10.00 / $10.00 / 2,093
TOTAL SHARES BOUGHT & SOLD / 1,000
Junior Market
Royal Fidelity TIGRS A Fund / 26-Aug-11 / $10.75 / $10.75 / $10.75 / 200
Royal Fidelity TIGRS A1 Fund / $10.00 / $10.00 / $10.00 / 1,900
Fixed Income
Barbados Government Debenture 8% 2012 / $104.50 / 10,000
Barbados Government T/Note 5.875% 2015 / 20-Dec-11 / 2,000,000 / $101.50 / $101.50 / $101.50
Barbados Government T/Note 6% 2012 / $102.50 / 40,000
Barbados Government T/Note 7.50% 2012 / 09-Nov-11 / $100.00 / 1,000
Barbados Government T/Note 7.75% 2013 / $107.50 / 10,000
Barbados Government T/Note 8% 2014 / 14-Dec-10 / $105.00 / 1,000
Odd-Lot
ANSA McAl (Barbados) Ltd / 29-Nov-10 / $14.70 / $14.70
Almond Resorts Inc. / 14-Dec-10 / $1.75 / $1.75 / $1.75 / 847
BICO Limited / 12-Apr-11 / $1.50 / $1.50
Banks Holdings Ltd. / 12-Dec-11 / $3.29 / $3.29 / $3.29 / $3.79 / 265 / 1,412
Barbados Dairy Industries Ltd. / 31-Jan-11 / $6.00 / $6.00 / $4.80 / $6.00 / 500 / 200
Barbados Farms Ltd. / 05-Jul-11 / $2.45 / $2.45 / $1.30 / $2.20 / 800 / 390
Barbados National Bank Inc. / 17-Nov-11 / $5.48 / $5.48 / $3.00 / $5.40 / 995 / 600
Barbados Shipping & Trading Co. Ltd. / 01-Mar-11 / $7.30 / $7.30
Cable and Wireless Barbados Ltd / 19-Dec-11 / $5.34 / $5.34 / $4.20 / $5.34 / 50 / 496
Cave Shepherd and Co. Ltd. / 14-Dec-11 / $4.60 / $4.60 / $4.29 / $6.56 / 70 / 1,384
FirstCaribbean International Bank / 28-Oct-11 / $3.12 / $3.12 / $3.13 / 524
Fortress Caribbean Property Fund / 06-Sep-11 / $1.10 / $1.10 / $1.00 / $1.10 / 260 / 975
Goddard Enterprises Ltd. / 08-Dec-11 / $6.00 / $6.00 / $6.00 / $6.01 / 50 / 850
Insurance Corporation Of Barbados Ltd. / 14-Dec-11 / $2.69 / $2.69 / $2.65 / $2.70 / 210 / 800
Jamaica Money Market Brokers Limited / 22-Nov-10 / $0.10 / $0.10
Light And Power Holdings Ltd 5.5% Pref / 20-Jul-11 / $3.11 / $3.11
Light and Power Holdings Ltd. / 08-Dec-11 / $25.70 / $25.70 / $12.01 / 25
Neal And Massy Holdings Ltd. / 21-Sep-11 / $13.90 / $13.90 / $13.60 / 18
One Caribbean Media Limited / 18-Oct-11 / $3.05 / $3.05 / $3.05 / $3.20 / 31 / 700
Sagicor Financial Corporation Pref 6.5% / $2.00 / $2.00
Sagicor Financial Corporation / 20-Dec-11 / 307 / $2.83 / $2.83 / $2.83 / $2.83 / $0.00 / $2.80 / $2.83 / 20 / 443
The West Indies Rum Distilleries Ltd. / 22-Aug-11 / $8.20 / $8.20
Trinidad Cement Ltd. / 08-Oct-08 / $2.50 / $2.50 / $1.50 / 967
West India Biscuit Co. Ltd. / 04-Mar-11 / $10.00 / $10.00 / $10.00 / 200
TOTAL SHARES BOUGHT & SOLD / 307
* = Security is Trading X-Div
*+* = Security is Suspended