AMCL HOLDINGS LIMITED
NOTICE OF AMENDED OFFER TO PURCHASE
any and all of the outstanding Ordinary Shares of
THE BARBADOS SHIPPING & TRADING COMPANY LIMITED
at a Cash Price of BDS$ 10.00 (US$ 5.00) per Ordinary Share
The further amended offer will be open for acceptance until 5:00 p.m. (Barbados time) on October 22, 2007, unless withdrawn or extended by the Offeror.
The amended offer is made pursuant to Section 6 of the original offer, as amended on August 21, 2007, as further amended on September 5, 2007, and as further amended on September 20, 2007, by AMCL Holdings Limited (the “Offeror”), and in accordance with By-Laws 14(2), 14(4) and 29 of the Securities Industry (Take-Over) By-Laws of the laws of Trinidad and Tobago and the Securities Act and Take-Over Bid Regulations of the laws of Barbados.
A Notice of Variation and Change containing the details of the further amended offer, will be mailed to all registered shareholders of BS&T.
The further amended offer will be subject to the conditions stated in the original offer, as amended and restated, including specifically that at least 50.1% of all of the issued and outstanding Ordinary Shares of BS&T or 38,006,090 Ordinary Shares in the aggregate (whichever is the higher), shall have been tendered pursuant to the offer as amended. The Offeror does not waive any of the conditions stated in the original offer, as amended and restated.
Shareholders are advised that except as amended, varied or supplemented as set forth in the Notice of Variation and Change, the terms and conditions stated in the Offer and Circular dated July 16, 2007, as amended, will continue to be applicable in all respects, and the Notice of Variation and Change should be read in conjunction with the Offer and Circular (as amended), issued in connection with the original offer.
Any questions and requests for assistance may be directed by Shareholders to the Dealer Manager or to AMCL Holdings Limited at their respective addresses below:
Attention: Mrs. Maureen Chung AMCL HOLDINGS LIMITED Attention: Mr. David G. Inglefield -President
Royal Bank of Canada AMCL Holdings Limited
(Investment & Trust Services Department)
P.O. Box 68, Broad Street, Wildey
Bridgetown, Barbados St. Michael, Barbados
Tel: (246) 467-4140/ 4145
Fax: (246) 427-8393 or (246) 426-4139
Wildey, St. Michael, Barbados. W.I.
Tel: (246) 467-4140/ 4145 Tel: (246) 434-2901
Phone: (246) 434-2901.
Fax: (246) 228-1619
Attention: Mrs. Maureen Chung
AMCL HOLDINGS LIMITED
Attention: Mr. David G. Inglefield -President
September 27, 2007
AMCL HOLDINGS LIMITED Wildey, St. Michael, Barbados. W.I. Phone: (246) 434-2901. Fax: (246) 228-1619