COMMUNIQUE

 

 

The Board of Directors of The Mauritius Commercial Bank Ltd. (MCB) has taken cognizance of the judgment delivered on February 8, 2007 by the High Court in London in connection with the excess re-insurance contract between the
Mauritius Union Assurance Co. Ltd. (MUA) and its excess re-insurers. 

 

MCB is not a party to this excess re-insurance contract. However, MCB has an insurance contract with MUA, under which a claim has been made since 2003.

 

This claim is the subject of a Plaint With Summons lodged in September 2004 before the Supreme Court of Mauritius.  This court action is still pending before the Supreme Court of Mauritius, which has exclusive jurisdiction in relation thereto.

 

By order of the Board.

 

February 14, 2007

 

This notice is issued pursuant to Listing Rule 11.3.

The Board of Directors of The Mauritius Commercial Bank Limited accepts full responsibility for the accuracy of the information contained in this notice.