TRADING REPORT

August 5, 2016

Two securities traded firm as 1,303 shares traded on the Regular Market, with a total value of $2,316.75. Sagicor Financial Corporation was the volume leader trading 1,137 shares at $1.95 before closing firm at $2.00. They were followed by Fortress Caribbean Property Fund - Value Fund which traded 166 shares.

Regular Market

Security / Volume / High / Low / Market
Price / Advance/
Decline
Sagicor Financial Corporation Limited / 1,137 / $1.95 / $1.95 / $2.00 / $0.00
Fortress C'bean Property Fund - Val Fund / 166 / $0.60 / $0.60 / $0.60 / $0.00

Deposit Receipts

Security / Previous Close / Current Close / Advance/
Decline
EMERA DEPOSIT RECEIPT / $18.28 / $18.35 / $0.07

Effective October 8th, 2012, the market price of a security listed on the board of the BSE will only change if a quantity of shares traded (in a single trade) is greater than or equal to the threshold amount (volume limit) as stated in the table below.

SECURITY / VOLUME LIMIT / SECURITY / VOLUME LIMIT /
ABV INVESTMENTS INCORPORATED / 3,500 / EMERA (CARIBBEAN) INCORPORATED / 1,000
BANKS HOLDINGS LIMITED / 4,000 / EMERA (CARIBBEAN) INCORPORATED 5.5% Pref / 100
BARBADOS DAIRY INDUSTRIES LIMITED / 300 / EMERA DEPOSIT RECEIPT / -
BARBADOS FARMS LIMITED / 1,500 / SAGICOR FINANCIAL CORPORATION 6.5% Pref / 7,500
BICO INDUSTRIES LIMITED / 100 / SAGICOR FINANCIAL CORPORATION LIMITED / 10,000
CABLE & WIRELESS (BARBADOS) LIMITED / 9,000 / THE WEST INDIES RUM DISTILLERY LIMITED / 300
CAVE SHEPHERD & COMPANY LIMITED / 1,500 / WEST INDIA BISCUIT COMPANY LIMITED / 300
FIRSTCARIBBEAN INTERNATIONAL LIMITED / 10,000 / JMMB GROUP LIMITED / 10,000
FORTRESS CARIBBEAN PROPERTY - DEV FUND / 3,500 / MASSY HOLDINGS LIMITED / 6,500
FORTRESS CARIBBEAN PROPERTY - VALUE FUND / 3,500 / ONE CARIBBEAN MEDIA LIMITED / 4,000
GODDARD ENTERPRISES LIMITED / 3,500 / TRINIDAD CEMENT LIMITED / 10,000
INSURANCE CORPORATION OF BARBADOS LIMITED / 2,500 / ROYAL FIDELITY TIGRS A3 FUND / 100


INDICES

INDEX / TODAY'S TRADING / LAST TRADING / CHANGES
August 5, 2016 / August 4, 2016
Local / 2,533.40 / 2,533.40 / -
Cross-list / 1,738.11 / 1,738.11 / -
Composite / 688.26 / 688.26 / -
MARKET CAPITALISATION (in millions) / TODAY'S TRADING / LAST TRADING / CHANGES
August 5, 2016 / August 4, 2016
Local / 6,134.17 / 6,133.80 / 0.37
Cross-list / 2,862.76 / 2,862.76 / -
Composite / 8,996.93 / 8,996.56 / 0.37

MUTUAL FUNDS

August 5, 2016
ENDED / NAME OF FUND / NAV / OFFER / BID / NAV CHANGE
29-Jul-16 / REPUBLIC CAPITAL GROWTH FUND / w / 1.5618 / 0.0003
29-Jul-16 / REPUBLIC INCOME FUND -* / w / 1.5685 / 0.0018
29-Jul-16 / REPUBLIC PROPERTY FUND / w / 1.2733 / -0.0019
29-Jul-16 / FORTRESS CARIBBEAN GROWTH FUND / w / 5.0093 / 5.0093 / 5.0093 / 0.0115
29-Jul-16 / FORTRESS HIGH INTEREST FUND - ACC. / w / 1.8995 / -0.0004
29-Jul-16 / FORTRESS HIGH INTEREST FUND - DIST. / w / 1.0134 / -0.0002
30-Jun-16 / ROYAL FIDELITY SELECT BALANCED FUND / m / 4.8735 / 4.8735 / 4.7760 / 0.0215
30-Jun-16 / ROYAL FIDELITY STRATEGIC GROWTH FUND / m / 0.8458 / 0.8458 / 0.8289 / 0.0035
30-Jun-16 / ROYAL FIDELITY PREMIUM INCOME FUND / m / 1.5306 / 1.5306 / 1.4999 / 0.0078
29-Jul-16 / SAGICOR GLOBAL BALANCED FUND / w / 2.32 / -0.01
29-Jul-16 / SAGICOR SELECT GROWTH FUND / w / 1.26 / 0.00
29-Jul-16 / SAGICOR PREFERRED INCOME FUND -* / w / 1.07 / 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

*********************************

DIVIDEND DECLARATION

Goddard Enterprises Limited - Directors have declared an interim dividend of seven (7) cents per share to be paid on August 31st, 2016 to Shareholders on record at close of business on July 29th, 2016.

Emera Deposit Receipts - Directors have declared a cash dividend of fifty-two point two five (CDN $0.5225) cents per common share to be paid on August 15th, 2016 to Shareholders on record at close of business on July 22nd, 2016. Registered holders of depositary receipts ("Depositary Receipts") issued pursuant to the Amended and Restated Deposit Agreement dated February 2nd, 2016 among Emera, the Barbados Central Securities Depository Inc. and registered and beneficial holders of depositary receipts from time to time, are entitled to receive, in proportion to the number of Depositary Receipts held by them, respectively, a distribution in the amount of any cash received by the Barbados Central Securities Depository Inc. (net of any applicable withholding taxes) in connection with the Dividend (the "Distribution").

Cave Shepherd and Company Limited - Directors have declared an interim dividend of six (6) cents per share to be paid on August 26th, 2016 to Shareholders on record at close of business on August 12th, 2016.

TRADING SUSPENSION

The Barbados Stock Exchange (BSE) wishes to advise that, as a result of the approved amalgamation of Emera (Caribbean) Incorporated and Emera (Caribbean) (2016) Incorporated, trading in the security - Emera (Caribbean) Incorporated - has been suspended with immediate effect. Please be advised that the trading suspension does not pertain to Emera Caribbean Incorporated 5.5% Preference shares.

8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb /
SHARE SUMMARY INFORMATION /
Friday August 5, 2016 /
Company / Last Trade Date / Volume / High / Low / Last Close / Current Close / Price Change / Bid Price / Ask Price / Bid Size / Ask Size /
ABV Investments Incorporated / 05-Feb-16 / $0.02 / $0.02 / $0.02 / $0.15 / 31,000 / 17,000
BICO Limited / 08-Jul-16 / $2.04 / $2.04 / $2.05 / 3,000
Banks Holdings Limited / 29-Jul-16 / $7.10 / $7.10 / $7.10 / 179,446
Barbados Dairy Industries Limited / 12-Jul-16 / $1.88 / $1.88 / $1.88 / $5.25 / 2,368 / 20,295
Barbados Farms Limited / 29-Jun-16 / $0.50 / $0.50 / $0.30 / $0.50 / 12,100 / 5,202
Cable and Wireless Barbados Limited / 04-Aug-16 / $2.66 / $2.66 / $2.60 / $2.66 / 1,169 / 2,500
Cave Shepherd and Company Limited / 04-Aug-16 / $3.45 / $3.45 / $3.20 / $3.68 / 4,657 / 4,121
FirstCaribbean International Bank / 29-Jul-16 / $2.05 / $2.05 / $2.07 / $2.40 / 7,000 / 7,440
Fortress Caribbean Property Fund - Dev Fund / 17-Jun-16 / $0.19 / $0.19 / $0.20 / 29,801
Fortress Caribbean Property Fund - Value Fund / 05-Aug-16 / 166 / $0.60 / $0.60 / $0.60 / $0.60 / $0.00 / $0.46 / $0.60 / 43,570 / 25,254
Goddard Enterprises Limited -* / 03-Aug-16 / $7.92 / $7.92 / $8.10 / 1,700
Insurance Corporation Of Barbados Limited / 27-Jul-16 / $3.25 / $3.25 / $3.26 / $4.75 / 2,336 / 1,000
JMMB Group Limited / 14-Jul-16 / $0.15 / $0.15 / $0.15 / 1,000
Emera (Caribbean) Incorporated 5.5% Pref / 17-Jun-16 / $6.00 / $6.00 / $3.11 / 1,491
Emera (Caribbean) Incorporated *+* / 03-Feb-16 / $33.30 / $33.30
Massy Holdings Limited / 22-Jul-16 / $20.00 / $20.00 / $19.90 / 10,124
One Caribbean Media Limited / 27-Jul-16 / $7.00 / $7.00 / $3.05 / $7.00 / 3 / 109,967
Sagicor Financial Corporation Pref 6.5% / 23-Jun-16 / $2.26 / $2.26
Sagicor Financial Corporation Limited / 05-Aug-16 / 1,137 / $1.95 / $1.95 / $2.00 / $2.00 / $0.00 / $1.88 / $1.95 / 1,000 / 19,991
The West Indies Rum Distilleries Limited / 09-Jun-16 / $8.00 / $8.00 / $8.00 / 18,735
Trinidad Cement Limited / 22-Jul-16 / $0.80 / $0.80 / $0.80 / $0.85 / 2,350 / 38,861
West India Biscuit Company Limited / 22-Jun-16 / $14.20 / $14.20 / $14.30 / 150,000
Emera Deposit Receipt -* / $18.28 / $18.35 / $0.07
TOTAL SHARES BOUGHT & SOLD / 1,303
Junior Market
Royal Fidelity TIGRS A3 Fund / 18-Dec-13 / $10.00 / $10.00 / $10.50 / 100
TOTAL SHARES BOUGHT & SOLD / -
Fixed Income
Barbados Government Debenture 6.875% 2023 / 15-Jun-16 / $98.50 / $103.00 / 30,000 / 30,000
Barbados Government Debenture 7% 2027 / $104.00 / 50,000
Barbados Government Debenture 7.25% 2026 / 06-May-16 / $103.00 / 30,000
Barbados Government Debenture 7.375% 2027 / 06-May-16 / $104.00 / 20,000
Barbados Government Debenture 7.50% 2026 / 13-Jul-16 / $106.00 / 78,000
Barbados Government T/Note 6% 2016 / 05-Apr-16 / $101.00 / 35,000
Barbados Government T/Note 6% 2017 / 30-Jun-16 / $105.00 / 296,000
Barbados Government T/Note 6.125% 2020 / 04-Aug-16 / $98.00 / 10,000
Barbados Government T/Note 6.5% 2019 / 29-Jan-16 / $106.00 / 150,000
Barbados Government T/Note 6.625% 2019 / 18-Apr-16 / $106.00 / 28,000
TOTAL SHARES BOUGHT & SOLD / -
* = Security is Trading X-Div
*+* = Security is Suspended
** = Rights Issued

Week in Review

This week, the Regular Market traded a total volume of 12,031 shares. The top three companies traded were Cable and Wireless Barbados Limited with 4,525, Cave Shepherd and Company Limited with 3,200 and Goddard Enterprises Limited with 2,500 shares.

Regular Market

Security / Volume
CABLE & WIRELESS (BARBADOS) LIMITED / 4,525
CAVE SHEPHERD & COMPANY LIMITED / 3,200
GODDARD ENTERPRISES LIMITED / 2,500
SAGICOR FINANCIAL CORPORATION LIMITED / 1,337
FORTRESS CARIBBEAN PROPERTY FUND - VALUE FUND / 469

Fixed Income Market

Security / Volume
BARBADOS GOVERNMENT T/NOTE 6.125% 2020 / 10,000
INDICES
TODAY'S TRADING / LAST TRADING / CHANGES
August 5, 2016 / July 29, 2016
Local / 2,533.40 / 2,533.78 / (0.38)
Cross-list / 1,738.11 / 1,738.11 / -
Composite / 688.26 / 688.33 / (0.07)
MARKET CAPITALISATION (in millions)
TODAY'S TRADING / LAST TRADING / CHANGES
August 5, 2016 / July 29, 2016
Local / 6,134.17 / 6,134.13 / 0.03
Cross-list / 2,862.76 / 2,862.76 / -
Composite / 8,996.93 / 8,996.90 / 0.03
BARBADOS STOCK EXCHANGE INC.
8th Avenue, Belleville, ST. MICHAEL. BARBADOS. / TEL:436-9871/72 FAX 429-8942
Advancers/ Decliners for the Week Ending : / August 5th, 2016 / WEBSITE: www.bse.com.bb
SECURITY / LAST / THIS
LAST / WEEK'S / WEEK'S / WEEK'S / WEEK'S / WEEK'S
TRADING DATE / VOLUME / CLOSE / CLOSE / CHGE / HIGH / LOW
mm.dd.yyyy
ABV Investments Incorporated / 02.05.2016 / - / 0.02 / 0.02 / - / - / -
BICO Limited / 07.08.2016 / - / 2.04 / 2.04 / - / - / -
Banks Holdings Limited / 07.29.2016 / - / 7.10 / 7.10 / - / - / -
B'dos Dairy Industries Limited / 07.12.2016 / - / 1.88 / 1.88 / - / - / -
B'dos Farms Limited / 06.29.2016 / - / 0.50 / 0.50 / - / - / -
Cable & Wireless (B'dos) Limited / 08.04.2016 / 4,525 / 2.66 / 2.66 / - / 2.66 / 2.66
Cave Shepherd & Company Ltd. / 08.04.2016 / 3,200 / 3.50 / 3.45 / (0.05) / 3.45 / 3.45
FirstCaribbean International Bank / 07.29.2016 / - / 2.05 / 2.05 / - / - / -
Fortress Caribbean Property Fund - Dev Fund / 06.17.2016 / - / 0.19 / 0.19 / - / - / -
Fortress Caribbean Property Fund - Val Fund / 08.05.2016 / 469 / 0.60 / 0.60 / - / 0.60 / 0.60
Goddard Enterprises Limited / 08.03.2016 / 2,500 / 7.92 / 7.92 / - / 8.20 / 8.20
Insurance Corporation of B'dos Ltd. / 07.27.2016 / - / 3.25 / 3.25 / - / - / -
JMMB Group Limited / 07.14.2016 / - / 0.15 / 0.15 / - / - / -
Emera (Caribbean) Incorporated / 02.03.2016 / - / 33.30 / 33.30 / - / - / -
Massy Holdings Limited / 07.22.2016 / - / 20.00 / 20.00 / - / - / -
One Caribbean Media Limited / 07.27.2016 / - / 7.00 / 7.00 / - / - / -
Sagicor Financial Corporation Limited / 08.05.2016 / 1,337 / 2.00 / 2.00 / - / 1.95 / 1.94
The West Indies Rum Distillery Limited / 06.09.2016 / - / 8.00 / 8.00 / - / - / -
Trinidad Cement Limited / 07.22.2016 / - / 0.80 / 0.80 / - / - / -
West India Biscuit Company Limited / 06.22.2016 / - / 14.20 / 14.20 / - / - / -
Emera Deposit Receipt / - / - / 18.17 / 18.35 / 0.18 / - / -
PREFERRED
Emera (Caribbean) Incorporated 5.5% Pref / 06.17.2016 / - / 6.00 / 6.00 / - / - / -
Sagicor Financial Corporation - SFC 6.5% / 06.23.2016 / - / 2.26 / 2.26 / - / - / -
TOTAL SHARES BOUGHT & SOLD / 12,031
JUNIOR MARKET
Royal Fidelity TIGRS A3 Fund / 12.18.2013 / - / 10.00 / 10.00 / - / - / -
TOTAL SHARES BOUGHT & SOLD / -
** Traded at its closing prices