Mechala Group Jamaica Ltd.
Proposed Ticker: JAM
Exchange: NASDAQ-National Market Kingston, Foreign
Industry: Other

All share information is proposed
Type of Shares:American Depositary Receipts Filing Date:11/7/96
U.S. Shares Filed:4,687,500 Filing Range:$15.00 - $17.00
Non-U.S. Shares Filed:0 Offering Amount: $75,000,000
Primary Shares:2,437,500 Expenses: -
Secondary Shares:2,250,000 Shs Out After:

ManagerTierPhone
Hambrecht & Quist IncorporatedLead Manager (415) 576-3423
Oppenheimer & Company, Inc.Co-manager (212) 667-7402

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95
Revenue:$173.87Assets:
Net Income:$3.06Liabilities:
EPS:Equity:

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company is one of Jamaica's largest enterprises with operations in housing developments and construction, manufacturing, trading and financial services.

Use of Proceeds
To repay debt and to exercise an option to acquire the 50 percent interest of the Bank of Nova Scotia Jamaica Ltd in Industrial Finance Holdings Ltd.

Last updated: 11/27/96

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