Rights of minority shareholders in FCIB share purchase

Following agreement between CIBC Investments (Cayman) Limited (“CICL”) and Barclays Bank plc (“Barclays Bank”) in June 2006 to acquire Barclays Bank’s 43.7% stake in FirstCaribbean International Bank (“FirstCaribbean”), CICL, Barclays Bank and FirstCaribbean agreed with all regional regulators acting in cooperation, that this transaction would be subject to the highest regulatory standards available in each of and all of the jurisdictions.

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Media Release

The Trinidad and Tobago Securities and Exchange Commission (TTSEC) met with stakeholders in the financial services industry at Crowne Plaza on July 18, 2006 to discuss “Guidelines on Capital Requirements for Underwriters and Issuers of Securitized Instruments under the Securities Industry Act, 1995”

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