Jamaica Money Market Brokers Limited (JMMB) – Announcement

Jamaica Money Market Brokers Limited (JMMB) has advised that the company has undertaken a strategic re-alignment process to drive growth in the face of significant changes in the global economic outlook and the resulting impact on Jamaica. The objectives of this process are to ensure sustainable growth as well as increased efficiency and shareholders’ value. The strategic re-alignment exercise, which included the automation of a number of processes, the re-allocation of resources where JMMB saw increased opportunities and a reduction in other areas, will result in 50 positions being made redundant, representing 14% of the workforce across the Group, effective February 28, 2009.