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, May 5 /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 June
15, 2009 to shareholders of record May 22, 2009.
    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. 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 and management's beliefs, estimates and opinions, and
are subject to certain risks and uncertainties surrounding future expectations
generally 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. Forward-looking statements are
provided for the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that such
information may not be appropriate for other purposes. 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
except as required by law.

    %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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