Jul 2008 Financial News

Notice to Shareholders of Lascelles deMercado & Co Limited

Jul 22, 2008

Further to our formal announcement to Accepting Shareholders of Lascelles deMercado & Co Limited (“Lascelles”) and to the Jamaica Stock Exchange on June 26, 2008, this Notice serves to confirm that cheques for the Deferred Portion will be issued to all Accepting Shareholders on July 28, 2008, on the same basis as was effected on February 12, 2008 in respect of the Cash Portion.

We also wish to advise that, in accordance with section 5(e) of the Offer Document, the Lascelles Shares being acquired from Accepting Shareholders will be transferred to a subsidiary company within the CL Financial Group other than Angostura Limited, which is CL Spirits Limited. Both Angostura Limited and CL Spirits Limited are subsidiaries of CL Financial Limited. CL Spirits
Limited is a wholly owned subsidiary of CL Financial Limited which was established as an investment holding company for the sole purpose of ownership of the Lascelles Shares held or controlled by the CL Financial Group.

The requisite authority to transfer and have the relevant Lascelles Shares registered in the name of CL Spirits Limited on July 28, 2008 has been received from the Jamaica Stock Exchange.


Yours Faithfully
Michael E. Carballo
Director
ANGOSTURA LIMITED
CL FINANCIAL LIMITED


Source:
Jamaica Stock Exchange
Monday July 21, 2008