Dec 2009 Financial News

Prestige Holdings Limited – Notice of the Resignation of CEO

Dec 24, 2009

The following media release was received from Prestige Holdings Limited:

Prestige Holdings Limited wishes to advise that Mr. Dane Darbasie, Chief Executive Officer and Director of the Company, has tendered his resignation, in order that he may pursue new business opportunities and challenges.

Mr. Darbasie will continue in the position as CEO to facilitate the succession and transition process, which we expect to be completed by 31 January 2010.

Darbasie joined the Company in 1993 and served as Planning Manager and then CFO, until his appointment as CEO and Director in 1997. He played a principal role in the Company's IPO in 1999 and his vision and expertise have been the cornerstones on which this business has expanded and succeeded since his appointment.

The Company and the Board thank Mr. Darbasie for his dedication, loyalty and enthusiastic service to Prestige, and are indebted to his leadership and contributions over the years. The Board is also very confident that the management team that Mr. Darbasie has put in place, will rnaintain the Company's momentum and success, and will ensure an efficient transition for our employees, customers and shareholders.

We wish him well and continued success in his future endeavors.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday December 24, 2009