FirstCaribbean International Bank (Bahamas) Limited

Directors’ ReportDirectorsIn accordance with the Memorandum and Articles ofAssociation, the following Directors cease to hold office at theend of the Annual General Meeting, and being eligible offerthemselves for re-election:i. Sharon E. Brownii. Terence R. Hiltsiii. Joseph W.P. Krukowskiiv. Michael K. Mansoorv. Willie Mossvi. G. Diane StewartDirectors’ InterestAs at October 31, 2009, particulars of Directors’ shareholdingsin the issued capital of the Company are as follows:COMMON SHARES OF NO PAR VALUEFinancial Results and DividendsThe Directors report that the Company’s net income for theyear ended October 31, 2009 amounted to $78,637. Allstatutory requirements for the year ended October 31, 2009have been fulfilled.An interim dividend of fifteen cents ($0.15) per commonshare was paid on June 29, 2009. A final dividend of sixteencents ($0.16) per common share for the fiscal year 2009 wasapproved by the Directors on December 15, 2009 and paidto shareholders on January 25, 2010. Total dividends paid forfiscal 2009 were thirty one cents ($0.31).Share CapitalSubstantial Interest as at October 31, 2009*Common Shares of B$0.10 par value1. FirstCaribbean International Bank – 114,463,600 (95.21%)BeneficialInterestNon-BeneficialInterest*Substantial interest means a holding of 5% or more of the company’sissued share capital.1. Terence Hilts 31,220 nil2. Sharon E. Brown 422BY ORDER OF THE BOARDTeresa S. WilliamsCorporate SecretaryMarch 5, 201071