Caribbean Commodities Limited

Investors who were defrauded out of approximately US$19 million by four Cayman Islands-based hedge funds known as the Grand Island Funds received an initial dividend of 57 cents in the dollar last month from the liquidators, with the prospect of up to six cents more as a final dividend. The first distribution was made possible after the liquidators received US$7 million from the Funds' former service providers, directors and other insiders to settle disputes.

Sixth Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Fifth Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Fourth Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Third Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Writ of Summons and Statement of Claim filed by the liquidators of Grand Island Master Fund Limited, Grand Island Income Fund, Grand Island Commodity Trading Fund, and Grand Island Commodity Trading Fund II against Close Brothers (Cayman) Limited and John Sutlic at the Grand Court of the Cayman Islands.

Prominent Cayman Islands based businessman Naul Bodden has agreed to pay US$3.3 million to settle his liabilities to a fund group he controlled whose investors were defrauded out of US$19 million, including two banks licensed in Barbados and two hedge

Second Report of the liquidators of Grand Island Commodity Trading Fund, Grand Island Commodity Trading Fund II, Grand Island Income Fund, and Grand Island Master Fund Limited at the Grand Court of the Cayman Islands.

First Report of Liquidators of Grand Island Commodity Fund to the Grand Court of the Cayman Islands.