Our Location For those interested in services provided by Nevis Trust Limited, we offer the following information about the Island of Nevis and our relationship with it. The island is perhaps most notable for its geography, climate and population. Of particular interest to investors are the government of Nevis, its legal system, currency, the development of its industry, and the language of the island. Nevis also maintains an advanced communications system, regular air service, and modern banking facilities.

GEOGRAPHY, CLIMATE AND POPULATION The island of Nevis lies in the Caribbean Sea approximately 200 miles southeast of Puerto Rico and is part of the Leeward Islands. Discovered by Christopher Columbus in 1493, he named the island Nuestro Senora De Las Nieves, which in Spanish means "Lady of the Snows", because Mount Nevis, which was ringed by clouds, reminded him of the snow-capped peaks of Spain. A small volcanic island, Nevis encompasses about 36 square miles. Mount Nevis, a dormant volcano, rises 3,265 feet from the center of the island and is surrounded by rain forest and a wide variety of tropical flora. Cooled by constant trade winds, Nevis enjoys near-perfect weather year-round, with low humidity and minimal rainfall. Nevis is home to about 9,000 residents. It has an excellent educational system and enjoys a 95% literacy rate.

GOVERNMENT A former British Colony, Nevis and its sister island of St. Kitts became an independent nation in 1983. Nevis enjoys a democratic form of government based upon the British Commonwealth and is a member of the United Nations.

LEGAL SYSTEM The legal system of Nevis is rooted in English Common Law, with a few notable exceptions. The Nevis Business Corporation Ordinance of 1984 offers provisions similar to the corporate laws of Delaware, USA, and the Nevis International Exempt Trust Ordinance provides strong asset protection measures for individuals and businesses. In addition, the Nevis Limited Liability Company Ordinance of 1995 provides further flexibility in structuring financial transactions.

CURRENCY Nevis utilizes the Eastern Caribbean dollar, which is pegged to the US dollar at a rate of 2.70 Eastern Caribbean dollars to one US dollar. The US dollar is freely traded as well.

INDUSTRY Tourism is a growing industry in Nevis. There are twelve hotels, five of which are restored 18th Century sugar plantations. The premier hotel on the island is the elegant Four Seasons Resort. The only five-diamond resort in the Caribbean, it offers 196 rooms, and an 18-hole Robert Trent Jones golf course, tennis courts, swimming pools, water sports facilities and many other amenities.

As a result of its progressive legislation, Nevis has become a leader in the growing offshore financial field, attracting thousands of offshore companies. The government continues to support the offshore industry and develop legislation to attract worldwide investment. Nevis is developing as a global financial center, with the establishment of trust, limited liability companies and international private banking and related financial services.

LANGUAGE English is the official language of Nevis.

COMMUNICATIONS Skantel (St. Kitts and Nevis Telecommunications), a joint venture between the government and Cable and Wireless of England, provides domestic and international telecommunications services to the island. Utilizing state-of-the-art fiber optic digital systems, any part of the world can be dialed from Nevis with ease.

AIR SERVICE Air service from Europe and North America (through neighboring islands) is provided by major carriers, including British Airways, Lufthansa, American Airlines and Air Canada, as well as regional carriers. Nevis has begun efforts to extend the runway at Newcastle Airport in order to accommodate larger aircraft nonstop from Puerto Rico.

BANKING FACILITIES Nevis enjoys a rapidly expanding banking community and is represented by several international institutions, including Barclays Bank, Bank of Nova Scotia and Royal Bank of Canada, as well as several local banks.