Caribbean Utilities Company, Ltd. Responds to Cayman Islands Government Statements on Electricity Rates



    Caribbean Utilities Company, Ltd. is listed for trading in United States
    dollars on the Toronto Stock Exchange under the trading symbol "CUP.U".

    GRAND CAYMAN, Cayman Islands, Nov. 30 /CNW/ - Caribbean Utilities
Company, Ltd. ("CUC" or "the Company") wishes to advise shareholders that the
Cayman Islands Government has made a statement in the legislative assembly
regarding a reduction in electricity rates.
    CUC has been negotiating a new operating license with the Cayman Islands
Government and will issue a press release explaining the terms of the new
license as soon as a formal agreement has been concluded.
    CUC is the sole provider of electricity to Grand Cayman, Cayman Islands
and operates under a 25-year exclusive License with the Government of the
Cayman Islands, which expires in January 2011. Further information is
available at www.cuc-cayman.com.

    Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion,
includes forward-looking statements in its media releases, Canadian securities
regulatory authorities filings, shareholder reports and other communications.
Forward-looking statements are based on underlying assumptions by their very
nature and are subject to certain risks and uncertainties that may cause
actual results to vary from plans, targets and estimates. Such risks and
uncertainties include but are not limited to general economic, market and
business conditions, regulatory developments and weather conditions. CUC
cautions readers that actual results may vary significantly from those
expected should certain risks or uncertainties materialize or should
underlying assumptions prove incorrect. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

    %SEDAR: 00002251E




For further information:

For further information: Contact: Doug Murray, Corporate Secretary,
Phone: (345) 949-5200, E-Mail: investor@cuc.ky


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