CUC announces share dividend

Caribbean Utilities Company has
announced that its board of directors has declared a dividend of US$0.165 per
Class A Ordinary Share or an annualised dividend of US$0.66 per share.

The dividend will be payable 15 June
2010 to shareholders of record 21 May 2010.

CUC provides electricity to Grand
Cayman, Cayman Islands, under a non-exclusive Electricity Generation Licence
expiring in 2029 and an exclusive Electricity Transmission and Distribution
Licence expiring in 2028.