Aug 2007 Financial News

IMPORTANT NOTICE TO SHAREHOLDERS OF THE BARBADOS SHIPPING & TRADING CO. LTD. (“BS&T”)

Aug 17, 2007

Neal & Massy Holdings Limited (“Neal & Massy”) wishes to advise Shareholders of BS&T that it intends to make a formal offer to acquire all of the issued and outstanding Ordinary Shares in BS&T, as soon as the necessary approvals have been obtained from the Trinidad & Tobago Securities Exchange Commission and the Barbados Securities Commission.

OFFER

OPTION 1
A cash offer of BD$7.20 or (U.S.$3.60*) for each Ordinary Share in BS&T.

OPTION 2
A combination of one (1) Neal and Massy Ordinary Share for every 2.75 Ordinary Shares of BS&T plus BD$1.80 or (U.S.$0.90*) in cash for each Ordinary Share in BS&T.

(*applicable to non-residents of Barbados only).

Shareholders may choose either Option 1 or 2 or a mix of both Options.

Further details will be provided in an Offer and Take-Over Bid Circular which will be forwarded to Shareholders upon receipt of the requisite approvals.

Shareholders are advised not to accept the ANSA McAl Offer or, if you already have, you are advised to withdraw such acceptance by no later than Friday 17th August, 2007, since after that date your right to withdraw may no longer be exercisable under Barbados law.

Neal & Massy Group


Source:
The Daily Express, Page 71
Thursday August 16, 2007