Statement of Best Disclosure Practices regarding the Dissemination of Price Sensitive Information

Public disclosure may be satisfied by releasing the information through the news media, or by means of some non-exclusionary method of disclosure designed to provide broad public disclosure, such as announcements at a conference of which the public had notice and to which the public was granted access.

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Selective Disclosure Facilitates Illegal Insider Trading

The Trinidad and Tobago Securities and Exchange Commission has noted with concern, the practice by many companies listed on the Trinidad and Tobago Stock Exchange, of disseminating price sensitive information to certain select persons and audiences ahead of their release of such information to the general public. Such action constitutes Selective Disclosure, a practice not conducive to the operation of a fair and equitable securities market.

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Overview of the Proposed Takeover By-Laws

The Trinidad and Tobago Securities and Exchange Commission has prepared Take-over By-laws to regulate attempts by one entity (the offeror) to acquire control over an offeree company (the target). Although these By-laws have not yet been enacted into law, they represent best practice. The Commission therefore expects that all parties involved in take-over bids will comply with the requirements of the proposed Take-over By-laws.

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Investment Notice

The Trinidad and Tobago Securities and Exchange Commission (the “Commission”) advises that NONE of the following entities: INCORPORATED TRADERS LIMITED of 1 Trial Street, Chaguanas, Trinidad or INCORPORATED TRADERS INC. or INCORPORATED TRADERS HOLDING CORPORATION or any person employed by any of these entities is registered with the Commission

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