Rogers and Company Ltd
Friday, May 16, 2008

The Board of Rogers and Company Limited (‘Rogers’) wishes to inform its shareholders and the public that Veranda Resorts Ltd., a subsidiary of Rogers, has today reached an agreement with Mr . Michel Pitot and his family members in connection with the sale, by way of share sale, of two of the hotels of the Veranda group namely Marina Village Hotel Ltd, and Holiday Bungalows Co. Ltd. in consideration for the buy back of their shares in the Veranda group.
As a result of this transaction, Rogers will be increasing its stake in the Veranda group.
By order of the Board
Aruna Collendavelloo
Company Secretary
15th May, 2008
This communiqué is issued pursuant to Listing Rule 1.3.
The Board of directors of Rogers and Company Limited accepts full responsibility for the accuracy of the information contained in this communiqué