CORPORATE & SOCIAL RESPONSIBILITY

Cable Bahamas Ltd. is committed to the principles of good corporate governance. The company has in place an Audit Committee which reports to the Board of Directors. The Audit Committee has broad oversight over the company's operations. Extensive internal control procedures form an integral part of the organization and ensure the accuracy of financial information and the legitimacy of all transactions. An annual audit is conducted by an independent professional auditing firm and provides an opinion as to whether the financial results are in accordance with International Financial Reporting Standards. The Company's In-house legal counsel oversees and ensures that the company consistently complies with various laws, regulations and policies.

Cable Bahamas Cares Foundation is the company's vehicle for its charitable community involvement. The Company funds the Foundation by providing a committed percentage of profits annually. The Foundation provides financial support to social and youth oriented programmes as well as other non-profit organizations from all over the Bahamas to assist with various ventures. This is an aspect of the Company that is most rewarding and one the company is extremely proud. The Foundation can be contacted directly at 356-8922.