Feb 2010 Financial News

GraceKennedy Limited – Jamaica Debt Exchange Programme

Feb 12, 2010

GraceKennedy Limited has issued the following communication further to its press
release of January 28, 2010, which stated that the Board of GraceKennedy Limited took the decision to fully participate in the Jamaica Debt Exchange (JDX) offer.

While it is expected that this will have a short term adverse impact on profitability, the effect on the Group’s Balance Sheet is projected to be less than 2% of Equity. This therefore will not materially affect the financial position of the Group.


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday February 12, 2010