Caribbean Utilities Co. Ltd. announced that the Board of Directors has declared a dividend of USD 0.165 per Class A Ordinary Share, or an annualized dividend of USD 0.66 per share. The dividend will be payable June 15, 2013 to shareholders of record June 3, 2013.

Caribbean Utilities Co. Ltd. reported unaudited earnings results for the first quarter ended March 31, 2013. Net earnings were $2.9 million, an increase of $1.0 million, or 53%, when compared to $1.9 million for the three months ended March 31, 2012. This increase was due primarily to lower general and administration and financing costs as well as an increase in other income. After the adjustment for dividends on the preference shares of the Company, earnings on Class A Ordinary Shares for the quarter were $2.8 million, or $0.10 per Class A Ordinary Share, an increase of $1.0 million when compared to $1.8 million, or $0.06 per Class A Ordinary Share for the First Quarter 2012. Capital expenditures were $6.4 million and system reliability was recorded at 99.97%.

Caribbean Utilities Co. Ltd., Annual General Meeting, May 17, 2013., at 12:00 US Eastern Standard Time. Location: Marriott Beach Resort, West Bay Road. Agenda: To receive and consider the annual report, including audited consolidated financial statements of the company, for the one-year period ended December 31, 2012 and the report of the auditors thereon; to elect the directors of the company; to appoint Ernst & Young Ltd. as auditors of the company and to authorize the directors to fix the auditors' remuneration; and to transact such other business as may properly come before the Meeting or any adjournment thereof.