Media Release to BS&T shareholders from the Barbados Securities Commission

The Trinidad and Tobago Securities and Exchange Commission (“the T&T Commission”) wishes to advise shareholders of The Barbados Shipping & Trading Company Limited (“BS&T”) that the Barbados Securities Commission (“the Barbados Commission”) issued the following Press Release in the Barbados newspapers on the 18th of December 2008.

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Decision of the Commission from the Hearing of December 4, 2008 on the implementation of the Board Lots

By letter dated October 14, 2008, the Trinidad and Tobago Stock Exchange Limited (“TTSE”) submitted to the Commission, a Statement of Substance and Purpose in accordance with section 40(1) of the Securities Industry Act, 1995 (“SIA”). The TTSE was seeking to amend the TTSE Rule 227 and the Horizon Trading Rule 10.2 with respect to the closing price of a security.

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Guidelines For Insider Reporting

The purpose of these guidelines is assist persons connected to reporting issuers (“Insiders”) in reporting their ownership of and transactions in securities of issuers of which they are Insiders.

The guidelines strive to clarify the reporting obligations of Insiders and to promote consistency in filings to ensure that Insiders properly disclose their trading activities. The directions contained here are guidelines only, and do not necessarily represent the only way that such trading may be reported.

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