SEMSAMAR Appoints Interim President.

Marigot:--- The Board of Administration of SEMSAMAR met on September 10, 2010. A motion was put during this meeting, requesting the dismissal of the President in office of the SEMSAMAR, Mr. Louis Constant FLEMING, elected in December 2009. This motion was adopted by a majority.

Following the adoption of this motion, Mrs. Annette PHILIPS was elected to the post of interim President of the Board of Administration of the SEMSAMAR.

"I thank the Board of Administration for entrusting me with the interim presidency, declared Mrs. PHILIPS. I shall convene the Board of Administration of SEMSAMAR within the time prescribed by our Articles of Incorporation for the election of the new President of the Board."

Semsamar administration reminds the community that Mrs. PHILIPS has been an administrator of SEMSAMAR for three years and that she has always defended the interests of Saint-Martin in this company where the Collectivity holds 51% of the shares. Mrs. PHILIPS is a Territorial Councilor of Saint-Martin.