Sagicor Financial Corporation

Sagicor Financial Corporation (SFC) has advised of a declaration of dividend of 3 cents per share United States currency (US$) on the outstanding common shares in the capital of the company for the half year ended June 30, 2008 to be paid on October 15, 2008 to the shareholders and Depository Interest Holders of record at the close of business on September 15, 2008. The X-date is September 11, 2008. The Directors of SFC have by resolution fixed a currency conversion record date of September 15, 2008 for the purpose of determining the rate for the payment of the interim dividend in:

     (a) Trinidad and Tobago (T&T) currency (TT$) to shareholders resident in T&T, such

          currency conversion to be calculated as the average of the exchange selling rate

          of the US$ into TT$ as published by the Central Bank of Trinidad and Tobago at 

          the close of business on the five business days immediately preceding

          September 15, 2008.