CUC announces declaration of regular quarterly dividend on Class A ordinary shares



    CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR
    TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE (TRADING
    SYMBOL: CUP.U)

    GRAND CAYMAN, Cayman Islands, Feb. 1 /CNW/ - Caribbean Utilities Company,
Ltd. ("CUC") announced today that the Board of Directors has declared a
regular quarterly dividend of US$0.165 per Class A Ordinary Share, or an
annualized dividend of US$0.66 per share. The dividend will be payable
March 15, 2008 to shareholders of record February 22, 2008.

    CUC is the sole provider of electricity to Grand Cayman, Cayman Islands.
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 include statements that are predictive in nature,
depend upon future events or conditions, or include words such as "expects",
"anticipates", "plan", "believes", "estimates", "intends", "targets",
"projects", "forecasts", "schedule", or negative versions thereof and other
similar expressions, or future or conditional verbs such as "may", "will",
"should", "would" and "could". 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: Douglas H. Murray, Corporate Secretary, Phone:
(345) 949-5200, Fax: (345) 949-4621


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