NOTICE OF THE 47TH ANNUAL MEETING OF SHAREHOLDERS OF THE ST. LUCIA ELECTRICITY SERVICES LIMITED

St. Lucia Electricity Services Limited (“LUCELEC” or the “Company”) will hold its 47th Annual Meeting of Shareholders (the “Meeting”) at the CSA CENTRE, SANS SOUCI, Castries, Saint Lucia, on Friday 4th May 2012 at 5.00 p.m. (local time)

Holders of Ordinary Shares are invited to attend the Meeting for the following purposes:

1. To consider and adopt the Directors’ Report.
2. To consider and adopt the Auditors’ Report and the Financial Statements for the year ended 31st December 2011.
3. To re-appoint the auditor.
4. To sanction a final dividend in respect of the year ended 31st December 2011.
5. To consider a request for an increase in Director Fees
6. To elect directors:
   Directors retiring by Rotation
   

By Order of the Board of Directors

Gillian S. French
Company Secretary

A shareholder entitled to attend the meeting and vote is entitled to appoint a proxy to attend and vote instead of him/her in their absence; a proxy need not be a shareholder of the Company.

The instrument appointing a proxy must be deposited with the Company Secretary at its registered office no later than 5.00 pm on May 2nd 2012.

Notice is hereby given that a Special Meeting of Shareholders (the “Special Meeting”) of St. Lucia Electricity Services Limited (“LUCELEC” or the “Company”) to be held at the Francis Compton Building (formerly known as the National Insurance Building), Fifth Floor, Waterfront, Castries, Saint Lucia, on Friday 6th May 2011 at 5.00p.m. (local time)

Holders of Ordinary Shares are invited to attend the Special Meeting for the following purposes:

By Order of the Board of Directors

Gillian S. French
Company Secretary

A shareholder entitled to attend the meeting and vote is entitled to appoint a proxy to attend and vote instead of him/her in their absence; a proxy need not be a shareholder of the Company.

The instrument appointing a proxy must be deposited with the Company Secretary at its registered office no later than 5.00 pm on May 4th 2011.