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GHL announce share repurchase

Guardian Holdings has given notice of its intention to repurchase up to 4% of its issued ordinary shares through a normal course issuer bid" undertaken in accordance with the rules and policies of the Trinidad and Tobago Stock Exchange and the guidelines issued by the Trinidad and Tobago Securities and Exchange Commission. The bid is due to commence on 18 February, 2009 and conclude on 18 August, 2009.

The directors believe that the repurchase by GHL of its own shares at the prevailing market price is in the best interests of the Company and its Shareholders. Depending market conditions and funding

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