Shareholders

Island Securities Ltd - is a private investment company, owned 100% by Roger Cave, the Fund's Investment Manager.

The Nation Corporation - is the largest news and media company in Barbados. Its principal subsidiary, the Nation Publishing Co. Limited publishes the leading daily newspaper. Another subsidiary, STARCOM Network Inc., operates four radio stations, including the Voice of Barbados. The Corporation's Chairman, Senator Sir Fred Gollop, is an attorney-at-law with extensive experience in the public and private sectors. His knowledge of the media business is extremely helpful in guiding the marketing and promotion policies of the Fund.

Cave Shepherd & Co. Limited - is a public company listed on the Barbados Stock Exchange. Its principal business is that of retail, being the leading department store in Barbados. The company has recently begun to diversify into financial services. Mr. Geoffrey Cave is the chairman of Cave Shepherd & Co. Limited. He also sits on the boards of several of the island's leading companies.