Pegasus Hotels of Jamaica Ltd. (PEG) – Resolutions approved

At the Extra-Ordinary General Meeting of the company on April 14, 1997, the resolutions to increase the share capital and to issue bonus shares at one new share for every ten stock units held, were passed.

Bonus stock certificates will be issued to shareholders on the Register of members as at April 29, 1997 on May 16, 1997.