NOTICE TO

SHAREHOLDERS/INVESTORS

OF FG CARIBBEAN BOND FUND

The calculation of Net Asset Values and therefore, trading in (investments into and redemptions from) the FG Caribbean Bond Fund (the “Fund”) will be suspended as at January 9, 2009 until further notice.

The decision to suspend trading was taken by the Directors of the Fund because of the volatility of the regional market investment prices which is a direct result of the global market volatility and recession and the difficulty of realizing underlying securities in such circumstances

Given the volatility, FG Funds Management (Cayman) Limited, as manager of the Fund, is of the opinion that it is most prudent to cease trading in the Fund at this time.  It is the Fund Manager’s objective to put the Fund in a position in which it can make orderly payments to investors without exposing them to further risk in this market.

Please direct any questions you may have to the offices of First Global Financial Services Limited at (876) 926-1275 to speak with one of the following individuals, or you may dial directly to each using the numbers provided:

• Kevin Richards   (876) 511-3763
• Andre Gooden    (876) 511-3753
• Dean McDonald  (876) 511-3772
• Janice Robinson Longmore  (876) 511-3793

We regret any inconvenience caused by this decision and assure you that we are very mindful of the importance of your investment.

Signed:  Robert Drummond
C. E. O.
Sincerely,
FG FUNDS MANAGEMENT (CAYMAN) LIMITED