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Dividend Considerations

Carreras Group Ltd. (CAR) – Final Dividend

At a meeting of the Board of Directors, the Directors agreed to recommend to the forthcoming Annual General Meeting scheduled to be held on September 15,1997 and that a Final

Hardware & Lumber (HL) – Final Dividend

The Board of Directors has recommended that a Final Dividend for 1996 of ten cents per share be paid to ordinary shareholders on September 19, 1997. Record date is September

CIBC W.I. Holdings – Dividend Recommended

The Board of Directors will meet on May 29, 1997 to consider inter alia, a recommendation for the payment of an interim dividend to the shareholders of the company.

TOJ – Bonus/Interim Dividend

At a special meeting of the Board of Directors on March 26, 1997, the Directors approved the following resolutions: That the directors have recommended a one to one bonus issue