ANSA McAL Limited reiterates its intention to make a cash offer of BD$7 per share on or before July 16, 2007 to all of the shareholders of the Barbados Shipping & Trading Company Limited. Ancillary to this offer, will be an option granted to shareholders to utilize a portion of their cash consideration to purchase shares in ANSA McAL Limited in accordance with the terms and subject to the formula to be detailed in the offer document.
Full details of our offer will be communicated to all shareholders in accordance with regulations of theTrinidad and Tobago Securities and Exchange Commission.
W. Keith Welch
July 6, 2007
Note: Full details of our offer will also be communicated to all shareholders in accordance with regulations of the Barbados Securities Exchange Commission.