Island Life – Management Changes

The Directors approved the following management changes effective January 1:

1. Mr. Oliver E. Jones relinquishes the post of President of the company and will continue in office as Chairman of the Board and Chief Executive Officer.

2. Mr. Noel A. Foster, Vice President will assume the position of President of the company and Chief Operating Officer.

3. Mr. Floyd Ebanks retires as Company Secretary and Registrar and Miss Donna Stephenson, Legal Officer assumes these positions.