February 27, 1997

CIBC W.I. – New Director elected

At the annual general meeting of the shareholders on February 27, 1997, Mr. Lloyd Samaroo was elected as a Director of the company to replace Mr. John Jardim who resigned

Courts – Interim Dividend

The Directors have approved an interim dividend of five cents per share to be paid April 17, 1997 to shareholders registered March 14, 1997.