Common use of Ownership Performance Targets Clause in Contracts

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority for the 2009/10 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 Revenue from other persons or organisations 2,200,000 1,778,858 Surplus/deficit 0 246,511 Other expenses 0 0 Net Surplus/Deficit 0 246,511 Total Assets 106,333,757 115,063,172 Total Liabilities 86,000,000 84,669,308 Net Worth 20,333,757 30,393,864 Cash flows from operating activities 652,328 (1,060,476) Cash flows from investing activities (4,119,689) (594,778) Cash flows from financing activities (10,000,000) 3,976,716 Change in cash balances (13,551,201) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual Current Assets: Current Liabilities 7.18 6.60 Total Assets: Total Liabilities 1.35 1.36 Total full time equivalent staff 168 139 Staff turnover (%) % % Average length of service (Number) Senior management Professional staff Administrative staff Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 106,333,757 1,032,291 Asset replacements: total assets 90% 58% Book value of depreciated assets: initial cost of those assets 58% 27% Depreciation: Cash flow on asset purchases 15% 84% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiable

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority Development Bank for the 2009/10 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 577,875 577,872 Revenue from ministries, portfolios, statutory authorities and government companies 0 - Revenue from other persons or organisations 2,200,000 1,778,858 2,616,932 2,886,228 Surplus/deficit 0 246,511 from outputs - - Other expenses 0 0 3,164,691 3,538,261 Net Surplus/Deficit 0 246,511 30,116 (74,161) Total Assets 106,333,757 115,063,172 36,292,588 37,298,339 Total Liabilities 86,000,000 84,669,308 30,547,325 31,583,193 Net Worth 20,333,757 30,393,864 5,745,263 5,715,147 Cash flows from operating activities 652,328 453,854 (1,060,476158,355) Cash flows from investing activities (4,119,6893,799,063) (594,778) 1,661,600)- Cash flows from financing activities (10,000,000573,472) 3,976,716 (281,622) Change in cash balances (13,551,2013,918,681) 2,321,464 (2,101,577) Financial Performance Ratio 2009/10 Target $ 2008/9 Estimated Actual $ Current Assets: Current Liabilities 7.18 6.60 5.86:1 1.30:1 Total Assets: Total Liabilities 1.35 1.36 1.19:1 1.18:1 Total full time equivalent staff 168 139 15 12 Staff turnover (%) 0% 20% Average length of service (Number) Senior management Professional staff Administrative staff 274 374 Significant changes to personnel management system None None FC, VP Credit and Manager credit hired in July 2009. Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 106,333,757 1,032,291 36,292,588 37,298,339 Asset replacements: total assets 90% 58% 0:1 0:1 Book value of depreciated assets: initial cost of those assets 58% 27% 758,855:1,205,050 778,182:1,144,387 Depreciation: Cash flow on asset purchases 15% 84% 80,000 65,576 Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance Xxx Xxx Computer hardware 65,000 Default on loan payments Planned decrease to 12% delinquency ratio Increased focus on approving loans that are beneficial to the portfolio and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance an increased focus on the Investment Portfoliovarious collections methods. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableReduced Loan Interest Income

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision)) for the Cayman Islands Monetary Authority National Insurance Company Ltd. for the 2009/10 financial year are as follows. : Revenue from Cabinet 15,750,000 14,000,000 19,699,413 17,385,600 Revenue from ministries, portfolios, statutory authorities and government companies 0 30,275,109 30,661,323 Revenue from other persons or organisations 2,200,000 1,778,858 1,263,103 945,127 Surplus/deficit 0 246,511 from outputs Other expenses 0 0 50,358,365 47,441,313 Net Surplus/Deficit 0 246,511 916,665 1,550,737 Total Assets 106,333,757 115,063,172 23,365,613 16,192,793 Total Liabilities 86,000,000 84,669,308 14,645,295 13,394,085 Net Worth 20,333,757 30,393,864 8,720,318 2,798,708 Cash flows from operating activities 652,328 (1,060,476) 2,756,444 2,082,277 Cash flows from investing activities (4,119,68921,000) (594,77848,000) Cash flows from financing activities (10,000,000) 3,976,716 0 1,500,000 Change in cash balances (13,551,201) 2,321,464 2,735,444 3,534,277 Financial Performance Ratio 2009/10 Target % 2008/9 Estimated Actual % Current Assets: Current Liabilities 7.18 6.60 160% 120% Total Assets: Total Liabilities 1.35 1.36 160% 121% Total full time equivalent staff 168 139 11 10 Staff turnover (%) % % 0 0 Average length of service (Number) Senior management Professional staff Administrative staff 4.1 4.1 3.7 4.3 4.3 3.5 Significant changes to personnel management system None None CEO CEO Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 106,333,757 1,032,291 23,365,614 16,192,793 Asset replacements: total assets 9057% 5865% Book value of depreciated assets: initial cost of those assets 5812% 2728% Depreciation: Cash flow on asset purchases 15216% 8489% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Furniture, PCs, website upgrade 21,000 Claim losses higher than what can be supported by revenues Premium contains a risk factor Care Management Finance company engaged to manage and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reservescontrol, overseas cases. Basel II is scheduled for completion in December 2010. Continuing negative impact CINICO to negotiate its own provider contracts and cut out costs of the current financial market crisis On-going Regular monitoring “middle man” Revision of overseas referral protocols and analysis of the performance and composition CMO’s role. Reinsurance arrangement in place to limit the Company’s risk to large claims. Improvement of forecasts through predictive modeling. Not quantifiable. Incomplete or missing claims from our major provider, The Cayman Islands Health Services Authority Improvements made to HSA’s timely filing, better coding, new chargemaster. Working with the Investment Portfolio unquantifiable; poorer performance on the Investment PortfolioCayman Islands Health Services Authority to improve claim submission controls. Loss and absence of Critical staff On-going Regular trainingNot quantifiable. The Cayman Islands Heath Services Authority increased services in their charge master are higher than what was actually anticipated in premium calculation. New chargemaster in effect from Jan 1/09. Since premium can not be changed mid year, succession planning, regular performance assessments and recognition unquantifiableCINICO’s only recourse is applying for an equity injection. Not quantifiable.

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision)) for the Cayman Islands Monetary Authority National Insurance Company Ltd. for the 2009/10 2008/9 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 17,385,600 13,380,971 Revenue from ministries, portfolios, statutory authorities and government companies 0 30,661,323 20,268,446 Revenue from other persons or organisations 2,200,000 1,778,858 945,127 1,091,845 Surplus/deficit 0 246,511 from outputs Other expenses 0 0 47,441,313 34,608,800 Net Surplus/Deficit 0 246,511 1,550,738 132,462 Total Assets 106,333,757 115,063,172 9,792,484 11,081,982 Total Liabilities 86,000,000 84,669,308 13,761,254 10,497,732 Net Worth 20,333,757 30,393,864 (3,968,769) 584,248 Cash flows from operating activities 652,328 (1,060,476) 2,600,248 801,673 Cash flows from investing activities (4,119,68948,000) (594,77859,000) Cash flows from financing activities (10,000,000) 3,976,716 1,500,000 500,000 Change in cash balances (13,551,201) 2,321,464 Financial Performance Ratio 2009/10 Target 5,595,274 1,242,673 2008/9 Estimated Actual 2007/8 Current Assets: Current Liabilities 7.18 6.60 71% 105% Total Assets: Total Liabilities 1.35 1.36 72% 106% Total full time equivalent staff 168 139 10 9 Staff turnover (%) % % 0 0 Average length of service (Number) Senior management 4.3 3.3 Professional staff 4.3 3.3 Administrative staff 3.5 3.5 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 106,333,757 1,032,291 $9,792,484 $11,081,982 Asset replacements: total assets 9065% 5898% Book value of depreciated assets: initial cost of those assets 5828% 2729% Depreciation: Cash flow on asset purchases 1589% 8437% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 2008/9 Target $ Various IT Projects – Electronic Reporting Document Network upgrade 27,000 Claim losses higher than what can be supported by revenues Change in care management company from CMN to Care Guide. CINICO will negotiate its own provider contracts Care Management Finance company (Care Guide) engaged to manage Overseas cases. CINICO to negotiate its own provider contracts and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact cut out costs of the current financial market crisis On-going Regular monitoring “middle man” Revision of overseas referral protocols and analysis of the performance CMO’s role. Reinsurance arrangement in place to limit the Company’s risk to large claims. Improvement of forecasts through predictive modeling. Not quantifiable. Incomplete or missing claims from our major provider, The Cayman Islands Health Services Authority Improvements made to HSA’s timely filing Working with the Cayman Islands Health Services Authority to improve claim submission controls. Not quantifiable. The Cayman Islands Heath Services Authority increases services in their charge master and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfoliothus driving up claims. Loss and absence of Critical staff On-going Regular trainingNote this has not been accounted for in premium n.a. Since premium can not be changed mid year, succession planning, regular performance assessments and recognition unquantifiableCINICO’s only recourse is applying for an equity injection. Not quantifiable.

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority Development Bank for the 2009/10 2007/8 financial year are as follows. Financial Performance Financial Performance Measure 2007/8 Target $ 2006/7Forecast$ Revenue from Cabinet 15,750,000 14,000,000 577,872 577,875 Revenue from ministries, portfolios, statutory authorities and government companies 0 - - Revenue from other persons or organisations 2,200,000 1,778,858 3,713,938 2,030,000 Surplus/deficit 0 246,511 from Outputs - - Other expenses 0 0 3,979,598 2,554,750 Net Surplus/Deficit 0 246,511 312,212 53,125 Total Assets 106,333,757 115,063,172 38,840,552 38,977,118 Total Liabilities 86,000,000 84,669,308 31,332,349 31,781,127 Net Worth 20,333,757 30,393,864 7,508,203 7,195,991 Cash flows from operating activities 652,328 Operating Activities (1,060,4765,644,640) (265,578) Cash flows from investing activities Investing Activities - (4,119,689) (594,77819,273,077) Cash flows from financing activities Financing Activities (10,000,000347,799) 3,976,716 19,957,763 Change in cash balances Cash Balances (13,551,2015,992,439) 2,321,464 419,108 Financial Performance Ratio 2009/10 2007/8 Target 2008/9 Estimated Actual 2006/7Forecast Current Assets: Current Liabilities 7.18 6.60 14.35:1 20.11:1 Total Assets: Total Liabilities 1.35 1.36 1.24:1 1.23:1 Total full time equivalent staff 168 139 13 13 Staff turnover (%) 0% 8% Average length of service (Number) Senior management 4.84 4.84 Professional staff 5.40 5.40 Administrative staff 3 3 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ No No Value of total assets 106,333,757 1,032,291 38,840,552 38,977,118 Asset replacements: total assets 90% 58% 0:00 1:49.3 Book value of depreciated assets: initial cost of those assets 58% 27% 1:2.34 1:1.77 Depreciation: Cash flow on asset purchases 15% 84% 76,680 60,000 Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance Xxx Xxx Purchase of Existing Office Space 640,000 Purchase of Office Equipment, Furniture and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects Improv. 150,000 Default on loan payments Unchanged from Last Year Better screening of new loans clients to ensure that quality loans are being funded from Capital Expenditure Reservesadded to the portfolio, providing counselling to problem customers on a timely basis and monitoring the loan portfolio rigorously to ensure that the delinquency is kept to the minimum. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance Reduced Loan Interest income and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiablecash inflows

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Airports Authority for the 2009/10 2007/8 financial year are as follows. Financial Performance Financial Performance Measure 2007/8 Target $ 2006/7Forecast$ Revenue from Cabinet 15,750,000 14,000,000 4,915,474 4,315,413 Revenue from ministries, portfolios, statutory authorities and government companies 0 6,050,000 5,555,924 Revenue from other persons or organisations 2,200,000 1,778,858 12,322,496 12,578,663 Surplus/deficit 0 246,511 from outputs 4,482,550 4,349,920 Other expenses 0 0 2,020,000 2,040,000 Net Surplus/Deficit 0 246,511 2,462,550 2,309,920 Total Assets 106,333,757 115,063,172 120,865,000 96,386,920 Total Liabilities 86,000,000 84,669,308 69,497,450 54,806,000 Net Worth 20,333,757 30,393,864 51,367,550 41,580,920 Cash flows from operating activities 652,328 (1,060,476) 4,062,000 1,582,920 Cash flows from investing activities (4,119,6897,435,000) (594,7784,000,000) Cash flows from financing activities (10,000,000) 3,976,716 63,650,000 49,253,000 Change in cash balances (13,551,201) 2,321,464 60,277,000 46,935,920 Financial Performance Ratio 2009/10 2007/8 Target 2008/9 Estimated Actual $ 2006/7Forecast$ Current Assets: Current Liabilities 7.18 6.60 9066% 2160% Total Assets: Total Liabilities 1.35 1.36 174% 176% Human Capital Measures 2007/8 Target $ 2006/7Forecast$ Total full time equivalent staff 168 139 148 147 Staff turnover (%) 7% 7% Average length of service (Number) Senior management Professional staff Administrative staff 18 N/A incl above 17N/A incl above Significant changes to personnel management system None None N/A Complete Blue Bison implementation Physical Capital Measures 2009/10 2007/8 Target $ 2008/9 Estimated Actual $ 2006/7Forecast$ Value of total assets 106,333,757 1,032,291 120,865,000 96,386,920 Asset replacements: total assets 906.15% 584.15% Book value of depreciated assets: initial cost of those assets 5882.3% 2786.4% Depreciation: Cash flow on asset purchases 1535.3% 8452.5% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance None None Xxxx Xxxxxxx International Airport- Terminal Expansion 7MM Little Cayman Airport 2MM Lack of war and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II terrorism No change as it is scheduled cost- May be able to obtain Unknown but insurance prohibitive property insurance for completion this but liability remains cost restrictive likely in December 2010. Continuing negative impact the millions of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiabledollars

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision)) for the Cayman Islands Monetary Authority for National Insurance Company Ltd. For the 2009/10 2010/11 financial year are as follows. : Revenue from Cabinet 15,750,000 14,000,000 20,865,456 19,978,073 Revenue from ministries, portfolios, statutory authorities and government companies 0 29,789,426 29,742,507 Revenue from other persons or organisations 2,200,000 1,778,858 1,378,489 866,345 Surplus/deficit 0 246,511 from outputs Other expenses 0 0 51,011,535 46,802,409 Net Surplus/Deficit 0 246,511 1,021,836 3,784,516 Total Assets 106,333,757 115,063,172 27,112,252 26,769,580 Total Liabilities 86,000,000 84,669,308 14,731,393 13,985,846 Net Worth 20,333,757 30,393,864 12,380,859 12,783,734 Cash flows from operating activities 652,328 (1,060,476) 779,915 3,050,712 Cash flows from investing activities (4,119,68916,000) (594,77814,581) Cash flows from financing activities (10,000,0001,424,712) 3,976,716 Change in cash balances (13,551,201660,797) 2,321,464 Financial Performance Ratio 3,036,131 2010/11 2009/10 Target 2008/9 Estimated Actual Current Assets: Current Liabilities 7.18 6.60 184% 191% Total Assets: Total Liabilities 1.35 1.36 184% 191% Total full time equivalent staff 168 139 10 9 Staff turnover (%) % % 0 0 Average length of service (Number) Senior management Professional staff Administrative staff 4.9 4.9 4.9 3.9 3.9 4.7 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ CEO CEO Value of total assets 106,333,757 1,032,291 $27,112,252 $26,769,580 Asset replacements: total assets 9048% 5862% Book value of depreciated assets: initial cost of those assets 589% 2711% Depreciation: Cash flow on asset purchases 15126% 84302% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 2010/11 Target $ Various IT Projects – Electronic Reporting Document Furniture, PCs, website upgrade 16,000 Claim losses higher than what can be supported by revenues Care Management Finance company engaged to manage and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reservescontrol, overseas cases. Basel II is scheduled for completion in December 2010. Continuing negative impact CINICO to negotiate its own provider contracts and cut out costs of the current financial market crisis On-going Regular monitoring “middle man” Revision of overseas referral protocols and analysis of the performance CMO’s role. Reinsurance arrangement in place to limit the Company’s risk to large claims. Weekly review of large claims by GM and composition monthly by Risk/Appeals Committee. Not quantifiable. Incomplete or missing claims from our major provider, The Cayman Islands Health Services Authority Continuing improvements made to HSA’s timely filing, better coding, new chargemaster. Working with the Cayman Islands Health Services Authority to improve claim submission controls. Not quantifiable. Risk that our reinsurance company will be unable to pay its liabilities Reinsurance reviewed every year. As part of the Investment Portfolio unquantifiable; poorer performance review creditworthiness is looked at. Our current reinsurer has an AM Best rating of A. Approximately $500k based on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableaverage historical amounts.

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority Airways Limited for the 2009/10 2006/7 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 $9,851K $9,851K Revenue from ministries, portfolios, statutory authorities and government companies 0 $1,000K $1,000K Revenue from other persons or organisations 2,200,000 1,778,858 $48,116K $46,232K Surplus/deficit 0 246,511 from outputs <$2,797K> Other expenses 0 0 $62,817 $62,295K Net Surplus/Deficit 0 246,511 <$4,716K> <$5,212K> Total Assets 106,333,757 115,063,172 $22,424K $23,124K Total Liabilities 86,000,000 84,669,308 $59,458K $55,443K Net Worth 20,333,757 30,393,864 <$37,034K> <$32,318K> Cash flows from operating activities 652,328 (1,060,476) <$1,091K> <$3,851K> Cash flows from investing activities (4,119,689) (594,778) <$2,705K> <$7,292> Cash flows from financing activities (10,000,000) 3,976,716 $3,119K $6,334K Change in cash balances (13,551,201) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual <$677K> <$4,809> Current Assets: Current Liabilities 7.18 6.60 1:2.6 1:2.3 Total Assets: Total Liabilities 1.35 1.36 1:2.7 1:2.4 Total full time equivalent staff 168 139 370 339 Staff turnover (%) % % Average length of service (Number) Senior management Professional staff Administrative staff Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Output measurement Time & Attendance system Value of total assets 106,333,757 1,032,291 $22,424 $23,124 Asset replacements: total assets 90% 58% 0.12 : 1 0.32 : 1 Book value of depreciated assets: initial cost of those assets 58% 27% 0.42 : 1 0.44 : 1 Depreciation: Cash flow on asset purchases 15% 84% 0.77 : 1 0.27: 1 Changes to asset management policies NSee Attached Schedule $2,705K Rapid Escalation of Fuel Prices Financial risk has increased due to additional flying Company is evaluating cost/A Nbenefit of hedging fuel rates Rapid Escalation of Interest Rates Financial risk has increased due to additional debt Company is evaluating cost/A Major benefit of hedging interest rates Rapid Decline in Passenger Loads Financial risk has increased due to increased fixed obligations and new Comp’n Company closely monitors advance booking reports Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance Structure is not adequate to support a significant unplanned negative variance Financial Risk has increased due to additional debt and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II aircraft leases Company is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableseeking to develop a more appropriate capital structure

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision)) for the Cayman Islands Monetary Airports Authority for the 2009/10 2008/9 financial year are as follows. : - Financial Performance Financial Performance Measure 2008/9 Target $ 2007/8 Forecast $ Revenue from Cabinet 15,750,000 14,000,000 4,915,474 4,915,474 Revenue from ministries, portfolios, statutory authorities and government companies 0 7,500,000 6,050,000 Revenue from other persons or organisations 2,200,000 1,778,858 11,356,000 12,445,000 Surplus/deficit 0 246,511 from outputs 4,109,004 4,605,054 Other expenses 0 0 4,020,000 520,054 Net Surplus/Deficit 0 246,511 89,004 4,085,000 Total Assets 106,333,757 115,063,172 136,202,004 59,113,000 Total Liabilities 86,000,000 84,669,308 87,945,000 10,945,000 Net Worth 20,333,757 30,393,864 48,257,004 48,168,000 Cash flows from operating activities 652,328 (1,060,476) 6,789,004 6,685,000 Cash flows from investing activities (4,119,68925,000,000) (594,7782,050,420) Cash flows from financing activities 73,210,996 (10,000,000464,580) 3,976,716 Change in cash balances (13,551,201) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual 55,000,000 4,170,000 Current Assets: Current Liabilities 7.18 6.60 1809% 9066% Total Assets: Total Liabilities 1.35 1.36 155% 174% Total full time equivalent staff 168 139 130 148 Staff turnover (%) 7% 7% Average length of service (Number) Senior management Professional staff Administrative staff 19 N/A incl. above 18 N/A incl. above Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ N/A N/A Value of total assets 106,333,757 1,032,291 $136,202,004 $120,865,000 Asset replacements: total assets 9018% 586.15% Book value of depreciated assets: initial cost of those assets 5888% 2782.3% Depreciation: Cash flow on asset purchases 1510.8% 8435.3% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 2008/9 Target $ Various IT Projects – Electronic Reporting Document Management Finance ORIA Terminal Expansion $25M Lack of war and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II terrorism insurance No change as it is scheduled cost- prohibitive May be able to obtain property insurance for completion this but liability remains cost restrictive Unknown but likely in December 2010. Continuing negative impact the millions of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiabledollars

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority for the 2009/10 2008/9 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 14,500,000 14,500,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 00 Revenue from other persons or organisations 2,200,000 1,778,858 3,250,000 4,700,000 Surplus/deficit 0 246,511 19,090 3,573,508 Other expenses 0 0 Net Surplus/Deficit 0 246,511 19,090 3,573,508 Total Assets 106,333,757 115,063,172 117,536,673 112,293,918 Total Liabilities 86,000,000 84,669,308 89,490,000 84,266,335 Net Worth 20,333,757 30,393,864 28,046,673 28,027,583 Cash flows from operating activities 652,328 (1,060,476) 19,090 9,596,002 Cash flows from investing activities 293,990 (4,119,689) (594,7781,512,073) Cash flows from financing activities (10,000,0001,066,335) 3,976,716 (6,782,067) Change in cash balances (13,551,201753,255) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual 1,301,862 Current Assets: Current Liabilities 7.18 6.60 1.29 1.24 Total Assets: Total Liabilities 1.35 1.36 1.31 1.33 Total full time equivalent staff 168 139 153 141 Staff turnover (%) 10% 10% Average length of service (Number) b Senior management Professional staff Administrative staff 5.0 5.0 6.0 6.0 4.0 5.0 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 106,333,757 1,032,291 $2,232,758 $2,686,775 Asset replacements: total assets 9040% 5860% Book value of depreciated assets: initial cost of those assets 5837% 2745% Depreciation: Cash flow on asset purchases 15104% 8433% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 2008/9 Target $ Various IT Projects – Electronic E-Reporting Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. 781,312 Continuing negative impact of the current financial market crisis On-going New Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiable

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Airports Authority for the 2009/10 2010/11 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 $0 $0 Revenue from ministries, portfolios, statutory authorities and government companies 0 $9,068,468 $8,814,391 Revenue from other persons or organisations 2,200,000 1,778,858 $13,394,532 $12,989,070 Surplus/deficit 0 246,511 from outputs $3,839,753 $4,547,141 Other expenses 0 0 $74,000 $72,858 Net Surplus/Deficit 0 246,511 $3,290,317 $4,401,425 Total Assets 106,333,757 115,063,172 $61,029,019 $57,623,266 Total Liabilities 86,000,000 84,669,308 $8,166,225 $8,600,225 Net Worth 20,333,757 30,393,864 $52,862,797 $49,023,041 Cash flows from operating activities 652,328 (1,060,476$1,435,247) ($1,126,718) Cash flows from investing activities (4,119,689$1,117,832) (594,778) $6,281,437 Cash flows from financing activities (10,000,000$459,000) 3,976,716 ($7,464,580) Change in cash balances (13,551,201$3,012,079) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual ($2,309,861) Current Assets: Current Liabilities 7.18 6.60 1353% 1458% Total Assets: Total Liabilities 1.35 1.36 741% 670% Total full time equivalent staff 168 139 163 166 Staff turnover (%) 1% 1% Average length of service (Number) Senior management Professional staff Administrative staff 19 18 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ N/A N/A Value of total assets 106,333,757 1,032,291 $60,479,583 $57,623,266 Asset replacements: total assets 9012% 581% Book value of depreciated assets: initial cost of those assets 5867% 2768% Depreciation: Cash flow on asset purchases 1525.10% 84376% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance None None There are no major capital expenditure projects budgeted for the 2010/11 fiscal year Key risks Change in status from previous year Actions to manage risk Financial value of risk Lack of war and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II terrorism No change as it is scheduled cost- May be able to obtain Unknown but insurance prohibitive property insurance for completion this but liability remains cost restrictive likely in December 2010. Continuing negative impact the millions of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiabledollars

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority for the 2009/10 2007/8 financial year are as follows. Financial Performance Financial Performance Measure 2007/8 Target $ 2006/7Forecast$ Revenue from Cabinet 15,750,000 14,000,000 14,500,000 12,500,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 Revenue from other persons or organisations 2,200,000 1,778,858 4,851,500 4,290,000 Surplus/deficit 0 246,511 3,263,564 3,410,072 Other expenses 0 (1,000,000) 0 Net Surplus/Deficit 0 246,511 2,263,564 3,410,072 Total Assets 106,333,757 115,063,172 100,432,484 100,087,752 Total Liabilities 86,000,000 84,669,308 74,014,864 75,118,832 Net Worth 20,333,757 30,393,864 26,417,620 24,968,920 Cash flows from operating activities 652,328 (1,060,476) 2,675,313 6,764,400 Cash flows from investing activities (4,119,6891,623,700) (594,7781,342,152) Cash flows from financing activities (10,000,0002418,832) 3,976,716 (2,004,121) Change in cash balances (13,551,2011,367,219) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual 3,418,127 Current Assets: Current Liabilities 7.18 6.60 132 131 Total Assets: Total Liabilities 1.35 1.36 136 133 Human Capital Measures 2007/8 Target 2006/7Forecast Total full time equivalent staff 168 139 141 128 Staff turnover (%) 10% 10% Average length of service (Number) Senior management Professional staff Administrative staff 8.0 years 3.0 years 3.0 years 7.7 years 3.28 years 4.07 years Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target 2007/8 Budget $ 2008/9 Estimated Actual $ 2006/7Forecast$ Value of total assets 106,333,757 1,032,291 100,432,484 100,087,752 Asset replacements: total assets 90% 58% 0 0 Depreciation 855,731 385,219 Cash flow on fixed asset purchases (1,623,700) (1,342,682) Book value of depreciated assets: initial cost of those assets 5846% 2745% Depreciation: Cash flow on asset purchases 1553% 8429% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance and HR Application 890,000 Basel E-Filing Phase II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiable1,000,000 Other Computer equipment 465,950 Other Assets 157,750

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority Airways Limited for the 2009/10 2007/8 financial year are as follows. Financial Performance Financial Performance Measure 2007/8 Target ¶ 2006/7Forecast ¶ Revenue from Cabinet 15,750,000 14,000,000 12,600 9,851 Revenue from ministries, portfolios, statutory authorities and government companies 0 1,200 1,000 Revenue from other persons or organisations 2,200,000 1,778,858 49,530 47,756 Surplus/deficit from outputs 0 246,511 0 Other expenses 0 0 67,858 63,176 Net Surplus/Deficit 0 246,511 (4,527) (4,569) Total Assets 106,333,757 115,063,172 13,885 22,325 Total Liabilities 86,000,000 84,669,308 52,835 55,570 Net Worth 20,333,757 30,393,864 (38,950) (33,245) Cash flows from operating activities 652,328 2,423 (1,060,4763,851) Cash flows from investing activities (4,119,6892,565) (594,7787,292) Cash flows from financing activities (10,000,0002,016) 3,976,716 6,334 Change in cash balances (13,551,2012,158) 2,321,464 (4,809) Financial Performance Ratio 2009/10 2007/8 Target 2008/9 Estimated Actual $ 2006/7Forecast$ Current Assets: Current Liabilities 7.18 6.60 0.05 : 1 0.28 : 1 Total Assets: Total Liabilities 1.35 1.36 0.26 : 1 0.40 : 1 Human Capital Measures 2007/8 Target $ 2006/7Forecast$ Total full time equivalent staff 168 139 389 370 Staff turnover (%) % % Average length of service (Number) Senior management Professional staff Administrative staff Significant changes to personnel management system None None Physical Capital Measures 2009/10 2007/8 Target $ 2008/9 Estimated Actual $ ¶V 2006/7Forecast ¶V Value of total assets 106,333,757 1,032,291 13,885 22,325 Asset replacements: total assets 90% 58% 0.21 : 1 0.17 : 1 Book value of depreciated assets: initial cost of those assets 58% 27% 0.53 : 1 0.44 : 1 Depreciation: Cash flow on asset purchases 15% 84% 0.37 : 1 0.55 : 1 Changes to asset management policies N/A N/A Major Infrastructure 2,733 Technology 201 Aircraft 807 3,741 Fuel Prices Risk profile increased due to volatility in fuel prices Consideration will be given to hedging. Improved management of uplift locations. Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance Structure Slight improvement over prior year Better cash management and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current improved financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiabletargeted

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 2010 Revision) for the Cayman Islands Monetary Authority for the 2009/10 2012/13 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 14,865,000 17,350,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 0 Revenue from other persons or organisations 2,200,000 1,778,858 4,125,000 1,0125,000 Surplus/deficit from Outputs 0 246,511 0 Other expenses 0 0 Net Surplus/Deficit Surplus 0 246,511 0 Total Assets 106,333,757 115,063,172 114,273,127 111,958,275 Total Liabilities 86,000,000 84,669,308 91,611,021 89,296,169 Net Worth 20,333,757 30,393,864 22,662,106 22,662,106 Cash flows from operating activities 652,328 842,011 (1,060,476774,158) Cash flows from used by investing activities (4,119,6891,209,000) (594,778976,486) Cash flows from used by financing activities (10,000,0000) 3,976,716 (425,000) Change in cash balances (13,551,201366,989) 2,321,464 (2,175,644) Financial Performance Ratio 2009/10 2012/13 Target 2008/9 Estimated Actual $ 2011/12 Forecast $ Current Assets: Current Liabilities 7.18 6.60 1.09: 1 1.10: 1 Total Assets: Total Liabilities 1.35 1.36 1.25: 1 1.26: 1 Total full time equivalent staff 168 139 167 153 Staff turnover (%) 10% 15% Average length of service (Number) Senior management Professional staff Administrative staff Significant changes to personnel management system None None Implementation of Share Point document management system Physical Capital Measures 2009/10 2012/13 Target $ 2008/9 Estimated Actual $ 2011/12 Forecast Value of total assets 106,333,757 1,032,291 $2,865,361 $2,497,539 Asset replacements: total assets 9042% 5839% Book value of depreciated assets: initial cost of those assets 5836% 2737% Depreciation: Cash flow on asset purchases 1570% 8470% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 2012/13 Target $ Various IT Projects Projects, including – Electronic E-Reporting v2 Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment CIMA Connect Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 1,185,000 24,000 These projects are being funded from the Authority’s Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010Expenditures Reserve. Continuing negative impact of the current financial market crisis economic downturn On-going Regular monitoring of the performance and composition of the Investment Portfolio Portfolio. Implementing cost savings measures unquantifiable; poorer Poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableUnquantifiable Failure to exercise due diligence or employ informed business judgments. Failure to achieve and stay current with Industry developments, requirements, and standards. On-going Support the development and continuing education of staff. Attendance at conferences and seminars. Implementation of Basel II, expansion of electronic reporting. XXXX continues to work along with Government and the Private Sector Unquantifiable Loss of important data, documents On-going Document Management and electronic filing procedures and systems are being implemented / enhanced in order to expand existing business continuity measures. The Authority has 2 offsite disaster recovery centres. Unquantifiable

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority for National Insurance Company Ltd.for the 2009/10 2007/8 financial year are as follows. Financial Performance Financial Performance Measure 2007/8 Target $ 2006/7Forecast$ Revenue from Cabinet 15,750,000 14,000,000 13,380,971 11,445,566 Revenue from ministries, portfolios, statutory authorities and government companies 0 20,268,446 18,106,781 Revenue from other persons or organisations 2,200,000 1,778,858 1,091,845 710,917 Surplus/deficit 0 246,511 from outputs Other expenses 0 0 34,608,800 30,428,263 Net Surplus/Deficit 0 246,511 132,462 (164,999) Total Assets 106,333,757 115,063,172 11,081,982 9,302,154 Total Liabilities 86,000,000 84,669,308 10,497,732 9,350,368 Net Worth 20,333,757 30,393,864 584,248 (48,213) Cash flows from operating activities 652,328 (1,060,476) 801,673 1,920,761 Cash flows from investing activities (4,119,68959,000) (594,77813,160) Cash flows from financing activities (10,000,000) 3,976,716 500,000 4,000,000 Change in cash balances (13,551,201) 2,321,464 1,242,673 5,907,601 Financial Performance Ratio 2009/10 2007/8 Target 2008/9 Estimated Actual $ 2006/7Forecast$ Current Assets: Current Liabilities 7.18 6.60 105% 99% Total Assets: Total Liabilities 1.35 1.36 106% 99% Human Capital Measures 2007/8 Target $ 2006/7Forecast$ Total full time equivalent staff 168 139 9 8 Staff turnover (%) % % 0 0 Average length of service (Number) Senior management Professional staff Administrative staff 3.3 3.3 3.5 2.32.32.5 Significant changes to personnel management system None None none none Physical Capital Measures 2009/10 2007/8 Target $ 2008/9 Estimated Actual $ 2006/7Forecast$ Value of total assets 106,333,757 1,032,291 11,081,982 9,302,154 Asset replacements: total assets 9098% 5856% Book value of depreciated assets: initial cost of those assets 5829% 2715% Depreciation: Cash flow on asset purchases 1537% 84254% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document None none Leasehold improvements 50,000 Claim losses higher than what can be supported by revenues None Care Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded compan (CMN) engaged to manage a control overseas claim costs. Reinsurance arrangement S O D F H W risk to large claims. Not quantifiable. Incomplete or missing claims from Capital Expenditure Reservesour major provider, The Cayman Islands Health Services Authority None Working with the Cayman Islands Health Services Authority to improve claim submission controls. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableNot quantifiable.

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 2010 Revision) for the Cayman Islands Monetary Authority National Insurance Company for the 2009/10 2011/12 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 22,112,340 21,042,972 Revenue from ministries, portfolios, statutory authorities and government companies 0 31,026,373 27,034,487 Revenue from other persons or organisations 2,200,000 1,778,858 2,251,551 1,007,596 Surplus/deficit 0 246,511 from outputs Other expenses 0 0 58,750,930 51,510,058 Net Surplus/Deficit 0 246,511 (3,360,666) (2,425,003) Total Assets 106,333,757 115,063,172 13,938,977 17,940,667 Total Liabilities 86,000,000 84,669,308 8,644,201 9,285,225 Net Worth 20,333,757 30,393,864 5,294,776 8,655,442 Cash flows from operating activities 652,328 (1,060,4762,752,839) 8,655,442 Cash flows from investing activities (4,119,6893,000) (594,778734,528) Cash flows from financing activities 0 (10,000,0001,424,712) 3,976,716 Change in cash balances (13,551,2012,755,839) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual (5,404,653) Current Assets: Current Liabilities 7.18 6.60 154% 185% Total Assets: Total Liabilities 1.35 1.36 161% 193% Total full time equivalent staff 168 139 10 10 Staff turnover (%) % % 0 0 Average length of service (Number) Senior management Professional staff Administrative staff 4.3 4.3 5.3 3.3 3.3 4.3 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ none CEO Value of total assets 106,333,757 1,032,291 $13,938,977 $17,940,667 Asset replacements: total assets 901% 5899% Book value of depreciated assets: initial cost of those assets 5864% 2781% Depreciation: Cash flow on asset purchases 155,206% 842% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document None None Furniture, PCs, website upgrade 3,000 Claim losses higher than what can be supported by revenues Care Management Finance company engaged to manage and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reservescontrol overseas cases. Basel II is scheduled for completion in December 2010. Continuing negative impact CINICO to negotiate its own provider contracts and cut out costs of the current financial market crisis On-going Regular monitoring “middle man” Revision of overseas referral protocols and analysis of the performance and composition CMO’s role. Not quantifiable. Reinsurance arrangement in place to limit the Company’s risk to large claims. Weekly meetings with case management company. Incomplete or missing claims from our major provider, The Cayman Islands Health Services Authority Continuing improvements made to HSA’s timely filing, better coding. Working with the Cayman Islands Health Services Authority to improve claim submission controls. Not quantifiable. Risk that our reinsurance company will be unable to pay its liabilities Reinsurance reviewed every year. As part of the Investment Portfolio unquantifiable; poorer performance review creditworthiness is looked at. Our current reinsurer has an AM Best rating of A. Approximately $500k based on the Investment Portfolioaverage historical amounts. Development of EVAS system Not implemented as scheduled. Incorrect eligibility. Incorrect claim payments N.A. - parallel testing with current claims admin system - maintain existing TPA until any/all issues resolved Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiablecapital investment approx $700k

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for the Cayman Islands Monetary Authority Development Bank for the 2009/10 2006/7 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 577,872 577,872 Revenue from ministries, portfolios, statutory authorities and government companies 0 - - Revenue from other persons or organisations 2,200,000 1,778,858 2,608,304 1,760,000 Surplus/deficit 0 246,511 from Outputs - - Other expenses 0 0 2,944,281 2,115,500 Net Surplus/Deficit 0 246,511 241,895 222,372 Total Assets 106,333,757 115,063,172 26,331,180 19,400,511 Total Liabilities 86,000,000 84,669,308 19,629,277 12,940,503 Net Worth 20,333,757 30,393,864 6,701,903 6,460,008 Cash flows from operating activities 652,328 (1,060,476) 84,836 251,515 Cash flows from investing activities (4,119,6898,903,536) (594,7785,657,975) Cash flows from financing activities 6,719,277 (10,000,00031,441) 3,976,716 Change in cash balances (13,551,2012,099,423) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual (5,437,901) Current Assets: Current Liabilities 7.18 6.60 16:1 36.5:1 Total Assets: Total Liabilities 1.35 1.36 1.35:1 1.51:1 Total full time equivalent staff 168 139 15 14 Staff turnover (%) 8% 30% Average length of service (Number) Senior management Professional staff 13 12 Administrative staff 2.8 3.3 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ No No Value of total assets 106,333,757 1,032,291 26,331,180 19,400,511 Asset replacements: total assets 90% 58% 0:01 0:01 Book value of depreciated assets: initial cost of those assets 58% 27% 211,167:508,072 200,000:353,0 72 Depreciation: Cash flow on asset purchases 15% 84% 88,694 65,000 Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance Xxx Xxx Remodeling of Existing Office Space 75,000 Purchase of Office Equipment, Furniture & Leasehold 100,000 Default on loan payments Unchanged from Last Year Consider rescheduling loans that have become “non-performing” as a result of dramatic external forces and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reservespursue legal proceedings for other delinquent loans. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableReduced Loan Interest income

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 2010 Revision) for the Cayman Islands Monetary Authority for the 2009/10 2011/12 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 17,350,000 16,850,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 0 Revenue from other persons or organisations 2,200,000 1,778,858 1,275,000 1,070,000 Surplus/deficit from Outputs 0 246,511 0 Other expenses 0 0 Net Surplus/Deficit 0 246,511 425,000 Total Assets 106,333,757 115,063,172 108,245,109 104,896,101 Total Liabilities 86,000,000 84,669,308 85,972,321 82,623,313 Net Worth 20,333,757 30,393,864 22,272,788 22,272,788 Cash flows from operating activities 652,328 517,494 1,499,102 Cash flows used by investing activities (1,060,4761,496,450) (792,077) Cash flows from investing activities (4,119,689) (594,778) Cash flows from used by financing activities (10,000,000425,000) 3,976,716 (45,244) Change in cash balances (13,551,2011,403,956) 2,321,464 661,781 Financial Performance Ratio 2009/10 2011/12 Target 2008/9 Estimated Actual $ 2010/11 Forecast $ Current Assets: Current Liabilities 7.18 6.60 0.85: 1 0.88: 1 Total Assets: Total Liabilities 1.35 1.36 1.26: 1 1.27: 1 Total full time equivalent staff 168 139 176 159 Staff turnover (%) 10% 14% Average length of service (Numbernumber of years) Senior management Professional staff Administrative staff 5 yrs 4.5yrs Significant changes to personnel management system None None Physical Capital Measures 2009/10 2011/12 Target $ 2008/9 Estimated Actual $ 2010/11 Forecast Value of total assets 106,333,757 1,032,291 $3,067,746 $2,278,092 Asset replacements: total assets 9049% 5835% Book value of depreciated assets: initial cost of those assets 5841% 2738% Depreciation: Cash flow on asset purchases 1547% 8482% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 2011/12 Target $ Various IT Projects Projects, including – Electronic E-Reporting v2 Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System CIMA Connect Computers, Printers, Servers, etc. 1,396,450 PABX 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the unquantifiable; Poorer performance on the Investment Portfolio. of the economic downturn performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Implementing cost savings measures Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableunquantifiable Failure to exercise due diligence or employ informed business judgments. On-going Support the development and continuing education of staff. Attendance at conferences and seminars. Unquantifiable Failure to achieve and stay current with Industry developments, requirements, and standards. Implementation of Basel II, expansion of electronic reporting. XXXX continues to work along with Government and the Private Sector Loss of documents important data, On-going Document Management and electronic filing procedures and systems will be implemented / enhanced in order to expand existing business continuity measures. Unquantifiable

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision2001) for the Cayman Islands Monetary Authority Development Bank for the 2009/10 2003/4 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 Executive Council 548,104 Revenue from ministries, portfolios, statutory authorities and government companies 0 - Revenue from other persons or organisations 2,200,000 1,778,858 588,698 Surplus/deficit 0 246,511 from outputs 186,678 Other expenses 0 0 (39,900) Net Surplus/Deficit 0 246,511 146,778 Total Assets 106,333,757 115,063,172 9,537,820 Total Liabilities 86,000,000 84,669,308 3,796,053 Net Worth 20,333,757 30,393,864 5,741,767 Cash flows from operating activities 652,328 (1,060,476) 131,462 Cash flows from investing activities (4,119,689) (594,7783,014,059) Cash flows from financing activities (10,000,000) 3,976,716 2,907,597 Change in cash balances (13,551,201) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual 25,000 Current Assets: Current Liabilities 7.18 6.60 7.27:1 Total Assets: Total Liabilities 1.35 1.36 2.51:1 Total full time equivalent staff 168 139 9 Staff turnover (%) % % 0 Average length of service (Number) Senior management Professional Professional/Technical staff Administrative staff 10.8 years 3.63 years 2 years Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ - Value of total assets 106,333,757 1,032,291 183,014 Asset replacements: total assets 90% 58% 0 Book value of depreciated assets: initial cost of those assets 58% 27% 1:1.6 Depreciation: Cash flow on asset purchases 15% 84% 0 Changes to asset management policies NNone at Present Nil - Nil - Default on loan payments as a result of dramatic external forces Risk unchanged Explore possibility of rescheduling defaulting loans Loss of earnings 5 Summarised Forecast Financial Statements‌‌ A full set of forecast financial statements for Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement For the Year Ending 30 June 2004 $ Revenue 1,136,802 Operating Expenses 950,124 Net Surplus/A N/A Major Capital Expenditure Projects 2009/10 Target Deficit 186,678 Balance Sheet As at 30 June 2004 $ Various IT Projects – Electronic Reporting Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded Assets 9,537,820 Liabilities 3,796,053 Net Worth 5,741,767 Statement of Cash Flows For the Year Ending 30 June 2004 $ Net cash flows from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of the current financial market crisis On-going Regular monitoring of the performance and composition of the Investment Portfolio unquantifiable; poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableoperating activities 131,462 Net cash flows from investing activities (3,014,059) Net cash flows from financing activities 2,907,597

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 2010 Revision) for the Cayman Islands Monetary Authority for the 2009/10 2011/12 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 17,350,000 16,850,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 0 Revenue from other persons or organisations 2,200,000 1,778,858 1,275,000 1,070,000 Surplus/deficit from Outputs 0 246,511 0 Other expenses 0 0 Net Surplus/Deficit 0 246,511 425,000 Total Assets 106,333,757 115,063,172 108,245,109 104,896,101 Total Liabilities 86,000,000 84,669,308 85,972,321 82,623,313 Net Worth 20,333,757 30,393,864 22,272,788 22,272,788 Cash flows from operating activities 652,328 517,494 1,499,102 Cash flows used by investing activities (1,060,4761,496,450) (792,077) Cash flows from investing activities (4,119,689) (594,778) Cash flows from used by financing activities (10,000,000425,000) 3,976,716 (45,244) Change in cash balances (13,551,2011,403,956) 2,321,464 661,781 Financial Performance Ratio 2009/10 2011/12 Target 2008/9 Estimated Actual $ 2010/11 Forecast $ Current Assets: Current Liabilities 7.18 6.60 0.85: 1 0.88: 1 Total Assets: Total Liabilities 1.35 1.36 1.26: 1 1.27: 1 Total full time equivalent staff 168 139 176 159 Staff turnover (%) 10% 14% Average length of service (Numbernumber of years) Senior management Professional staff Administrative staff 5 yrs 4.5yrs Significant changes to personnel management system None None 71 2011/12 Ownership Agreements Physical Capital Measures 2009/10 2011/12 Target $ 2008/9 Estimated Actual $ 2010/11 Forecast Value of total assets 106,333,757 1,032,291 $3,067,746 $2,278,092 Asset replacements: total assets 9049% 5835% Book value of depreciated assets: initial cost of those assets 5841% 2738% Depreciation: Cash flow on asset purchases 1547% 8482% Changes to asset management policies N/A N/A None None Major Capital Expenditure Projects 2009/10 2011/12 Target $ Various IT Projects Projects, including – Electronic E-Reporting v2 Document Management Finance and HR Application 890,000 Basel II 3,040,867 Vault Management System CIMA Connect Computers, Printers, Servers, etc. PABX 1,396,450 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. 2011/12 Ownership Agreements Continuing negative impact of the current financial market crisis economic downturn On-going Regular monitoring of the performance and composition of the Investment Portfolio Portfolio. Implementing cost savings measures unquantifiable; poorer Poorer performance on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiableunquantifiable Failure to exercise due diligence or employ informed business judgments. Failure to achieve and stay current with Industry developments, requirements, and standards. On-going Support the development and continuing education of staff. Attendance at conferences and seminars. Implementation of Basel II, expansion of electronic reporting. XXXX continues to work along with Government and the Private Sector Unquantifiable Loss of important data, documents On-going Document Management and electronic filing procedures and systems will be implemented / enhanced in order to expand existing business continuity measures. Unquantifiable 73 2011/12 Ownership Agreements

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 2010 Revision) for the Cayman Islands Monetary Authority Development Bank for the 2009/10 2012/13 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 577,875 577,875 Revenue from ministries, portfolios, statutory authorities and government companies 0 - - Revenue from other persons or organisations 2,200,000 1,778,858 2,528,399 2,615,342 Surplus/deficit 0 246,511 from outputs - - Other expenses 0 0 3,172,138 3,252,750 Net Surplus/Deficit 0 246,511 (65,864) (59,533) Total Assets 106,333,757 115,063,172 44,559,935 43,170,583 Total Liabilities 86,000,000 84,669,308 39,360,549 38,905,332 Net Worth 20,333,757 30,393,864 5,199,386 4,265,250 Cash flows from operating activities 652,328 (1,060,476) 1,663,547 21,276 Cash flows from investing activities (4,119,68976,237) (594,778) - Cash flows from financing activities 656,468 (10,000,000501,335) 3,976,716 Change in cash balances 2,243,778 (13,551,201480,060) 2,321,464 Financial Performance Ratio 2009/10 2012/13 Target 2008/9 Estimated Actual 2011/12 Forecast (Restated) Current Assets: Current Liabilities 7.18 6.60 2:1 2:1 Total Assets: Total Liabilities 1.35 1.36 1.1:1 1.1:1 Maintenance of Capability‌ Human Capital Measures 2012/13 Forecast 2011/12 Forecast (Restated) Total full time equivalent staff 168 139 14 14 Staff turnover (%) % Nil 6% Average length of service (Number) Senior management Professional staff 8 7 Administrative staff 5 4 Significant changes to personnel management system None None Chairman of the Board of Directors resigned effective January 31, 2012. Physical Capital Measures 2009/10 2012/13 Target $ 2008/9 Estimated Actual 2011/12 Forecast (Restated) $ Value of total assets 106,333,757 1,032,291 44,559,935 43,170,583 Asset replacements: total assets 90% 58% 76,237: 44,559,935 Nil Book value of depreciated assets: initial cost of those assets 58% 27% 635,039: 1,324,457 621,502:1,248,220 Depreciation: Cash flow on asset purchases 15% 84% 62,700: 76,237 98,012: Nil Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document Management Finance Xxx Xxx Replacement of fixed assets 76,237 Default on loan payments Planned focus on reducing loan delinquency levels and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects improving collections Increased focus on approving loans that are being funded from Capital Expenditure Reserves. Basel II is scheduled for completion in December 2010. Continuing negative impact of beneficial to the current financial market crisis On-going Regular monitoring of the performance portfolio and composition of the Investment Portfolio unquantifiable; poorer performance an increased focus on the Investment Portfolio. Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiablecollections Reduced Loan Interest Income

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 2010 Revision) for the Cayman Islands Monetary Authority National Insurance Company for the 2009/10 2011/12 financial year are as follows. Revenue from Cabinet 15,750,000 14,000,000 22,112,340 21,042,972 Revenue from ministries, portfolios, statutory authorities and government companies 0 31,026,373 27,034,487 Revenue from other persons or organisations 2,200,000 1,778,858 2,251,551 1,007,596 Surplus/deficit 0 246,511 from outputs Other expenses 0 0 58,750,930 51,510,058 Net Surplus/Deficit 0 246,511 (3,360,666) (2,425,003) Total Assets 106,333,757 115,063,172 13,938,977 17,940,667 Total Liabilities 86,000,000 84,669,308 8,644,201 9,285,225 Net Worth 20,333,757 30,393,864 5,294,776 8,655,442 Cash flows from operating activities 652,328 (1,060,4762,752,839) 8,655,442 Cash flows from investing activities (4,119,6893,000) (594,778734,528) Cash flows from financing activities 0 (10,000,0001,424,712) 3,976,716 Change in cash balances (13,551,2012,755,839) 2,321,464 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual (5,404,653) Current Assets: Current Liabilities 7.18 6.60 154% 185% Total Assets: Total Liabilities 1.35 1.36 161% 193% 2011/12 Ownership Agreements Total full time equivalent staff 168 139 10 10 Staff turnover (%) % % 0 0 Average length of service (Number) Senior management 4.3 3.3 Professional staff 4.3 3.3 Administrative staff 5.3 4.3 Significant changes to personnel management system None None Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ none CEO Value of total assets 106,333,757 1,032,291 $13,938,977 $17,940,667 Asset replacements: total assets 901% 5899% Book value of depreciated assets: initial cost of those assets 5864% 2781% Depreciation: Cash flow on asset purchases 155,206% 842% Changes to asset management policies N/A N/A Major Capital Expenditure Projects 2009/10 Target $ Various IT Projects – Electronic Reporting Document None None Furniture, PCs, website upgrade 3,000 Claim losses higher than what can be supported by revenues Care Management Finance company engaged to manage and HR Application 890,000 Basel II 3,040,867 Vault Management System 100,000 Telecoms Equipment Office Equipment Furniture Leasehold Improvements 50,000 15,000 18,822 5,000 These projects are being funded from Capital Expenditure Reservescontrol overseas cases. Basel II is scheduled for completion in December 2010. Continuing negative impact CINICO to negotiate its own provider contracts and cut out costs of the current financial market crisis On-going Regular monitoring “middle man” Revision of overseas referral protocols and analysis of the performance and composition CMO’s role. Not quantifiable. 2011/12 Ownership Agreements Reinsurance arrangement in place to limit the Company’s risk to large claims. Weekly meetings with case management company. Incomplete or missing claims from our major provider, The Cayman Islands Health Services Authority Continuing improvements made to HSA’s timely filing, better coding. Working with the Cayman Islands Health Services Authority to improve claim submission controls. Not quantifiable. Risk that our reinsurance company will be unable to pay its liabilities Reinsurance reviewed every year. As part of the Investment Portfolio unquantifiable; poorer performance review creditworthiness is looked at. Our current reinsurer has an AM Best rating of A. Approximately $500k based on the Investment Portfolioaverage historical amounts. Development of EVAS system Not implemented as scheduled. Incorrect eligibility. Incorrect claim payments N.A. - parallel testing with current claims admin system - maintain existing TPA until any/all issues resolved Loss and absence of Critical staff On-going Regular training, succession planning, regular performance assessments and recognition unquantifiablecapital investment approx $700k 2011/12 Ownership Agreements