Oct 2007 Financial News

The Barbados Shipping and Trading Company Limited - Notice to Shareholders

Oct 17, 2007

16 October 2007

Dear Shareholder,

Status of Neal & Massy Offer as At 10:00 a.m. 16 October 2007

Reports in the media of 16 October 2007 may have given the impression that Neal & Massy Holdings Ltd withdrew its take-over bid for BS&T on October 15th. This serves to advise shareholders that while Neal & Massy on October 15th did announce its intention to tender its shares in BS&T to AMCL Holdings Ltd, no notice of withdrawal of its take-over bid for all of the issued and outstanding shares of BS&T was issued.

Consequently, as at the date and time of this notice, shareholders are advise that the Neal & Massy offer as amended on 1 September 2007 remains in effect, and unless varied, closes at 5:00 PM on Thursday 18 October 2007. Neal & Massy may however elect to vary its offer, under the terms of the take-over-bid regulations, prior to this expiry time and date.


Withdrawal of the AMCL Offer

In the meantime, the Directors of BS&T are obtaining appropriate advice in respect of the announcement by AMCL that it has withdrawn its offer but can inform shareholders that the Directors have taken no action to impose any material financial obligations upon BS&T in respect of any opportunities it has been pursuing, or otherwise.

Sir Allan Fields
Chairman

G Anthony King
Managing Director


Source:
The Trinidad Guardian, Page 28
Wednesday October 17, 2007