1. Purchase Acquisition of CMFC by Barbados Public Workers’ Co-operative Credit Union ltd. Presented by Paul Maxwell Treasurer

2. CMFC – CORPORATE PROFILE CLICO Mortgage & Finance Corporation has been in operation (under that name) since 1998. CMFC’s VISION To be the financial services provider of choice, operating in the global marketplace, renowned for innovation, outstanding performance and superior customer service.

3. CMFC – CORPORATE PROFILE CMFC’s MISSION CMFC aims to be the leader in the provision of financial services, continuously striving to improve for the benefit of its customers, shareholders and employees.

4. CMFC – CORPORATE PROFILE CMFC clients include: – Private individuals – Insurance companies – Credit unions – Government statutory corporations – Pension funds, and Institutional investors Assets at Dec 2008 (Barbados & St. Lucia) – BDS $147,157,760

5. BPWCCUL – CORPORATE PROFILE Registered in May 1970 Assets at March 31, 2010 – BDS $672,886,926 Membership at March 31, 2010 – 55,255 Locations – three (3) Services Include: – Online Banking – Mobile Recharge – Contact Centre (Toll free & Freephone)

6. DECISION TO PURCHASE Credit Unions historically held significant deposits with CMFC and CMMB (another CL Financial subsidiary in Barbados). The purchase of 100% of CMFC shares provided an opportunity for us to further advance our mission of providing the means for enhancing our members financial, economic and social well being.

7. BENEFITS FOR THE MOVEMENT Acquisition of banking license Intervention in housing finance market Lender of last resort for Credit Unions

8. BENEFITS FOR ORDINARY MEMEBRS Commercial Mortgage Loans Business Loans Stock Brokerage Services Insurance Mutual Fund Administration

9. NEW CORPORATE STRUCTURE BPWCCUL BPW Financial Holdings Inc. CMFC

10. Today. Tomorrow. Together.

11. NEXT STEPS Legal Sign the Closing Agreement Regulatory Gain CBB approval for directors of both CAPITA and BPW Financial Holding Inc.

12. NEXT STEPS Property & Plant Replace all physical evidence of CMFC with new CAPITA branding St. Lucia Office Gain ECCB clearance to continue operation in St. Lucia Office under new name. Update business plan for St. Lucia office

13. END