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The D'Aguiar Family was in business in Guyana for over 150 years. In the 1840's Mr.

Jose
Gomes D'Aguiar, the founder, started a Rum Business which developed into a chain of Retail
Spirit Shops. In 1885 the business was expanded to include a Cocoa and Chocolate Factory and a
Schooner Shipping Agency.

Mr. Peter Stanislaus D'Aguiar felt, however, that the date of historic importance was in 1896
when the four sons, Jose Jnr, Manoel, Francisco and John formed the partnership of D'Aguiar
Bros. after the death of Mr. J.G. D'Aguiar in 1893. In the same year the brothers purchased the
Demerara Ice House which then consisted of a hotel, liquor bars and an aerated soft drink plant.
The name 'Ice House' was derived from the fact that ice was imported in schooners from Canada,
hence the initials D.I.H.

Papers concerning D'Aguiar Bros. dating back to the beginning of the century showed that the
actual purchase of the old Demerara Ice House was made in October 1896 with its possession
being effective from November 16 of that year. The purchase was arranged through the Hon.
J.H. de Jonge, auctioneer. The price, $50,000.00, a substantial sum in those days was for
buildings only. Eventually, a twenty-one year lease was negotiated from the Crown in whose title
all lands were vested in those days. It was not until 1929 that the land was bought outright from
the Government. In that year Dr. J.G. D'Aguiar (Mr. Peter d'Aguiar's father) then the sole
proprietor following the death of his brothers, formed the company of D'Aguiar Bros. Limited.

Mrs. P.M. D'Aguiar became the principal shareholder on the death of her husband, Dr. J.G.
D'Aguiar. The business faltered and was at a point of bankruptcy. She was offered the paltry sum
of $100,000.00 for the business as a going concern, but she refused to sell, as she was convinced
that her youngest son, Peter D'Aguiar, should be given the opportunity as he appeared to have
the business acumen to salvage the company and to build it into a thriving concern.

In 1934 at the age of twenty-two, Peter took over as Managing Director of D'Aguiar Bros. Ltd.
Peter concentrated on the manufacturing side, especially soft drinks and rum. He borrowed
heavily to re-finance the business. Gradually old debts were paid off and the business began to
flourish again.
In 1942 Peter acquired the franchise for Pepsi-Cola making British Guiana (as it was named) the
first country in South America to bottle this beverage. The popular range of I-Cee flavours was
introduced in 1952. The production of XM Rum was expanded and became the No.1 Rum in
1959.
Long before Peter took over, the Cocoa and Chocolate business and the Shipping Agency had
been relinquished. The range of interests was still fairly wide and included a soft drink factory,
rum bond, bottling plant, liquor store, retail bars, hotel and pawnbrokery most of which had been
operated and located at D'Aguiar Bros. Ltd. in Brickdam, Stabroek since 1896.
In 1955, Peter D'Aguiar promoted Banks Breweries Limited, the first public company with a
widespread ownership. In 1966 the Private Family Company (D'Aguiar Bros. Ltd.) was
converted into a public company, D'Aguiar Bros. (D.I.H.) Limited with a share capital of $1.0 M
(one million dollars).
1969 saw the merger of D'Aguiar Bros. (DIH) Ltd. with Banks Breweries Ltd. into a new
company called Banks DIH Limited with a Share Capital of G$4,140,000.00.
The Company's headquarters was moved to Thirst Park where the production complex and the
head office, known as the Rotunda, were built in 1969.
The cost of the modern complex on 13.2 acres of land designed by a young Polish Architect,
Marian Dorr-Dorynek at that time, was valued $7,000,000.00.

Since then the number of shareholders has increased from 5,000 to over 14,000 and employees
from 300 to over 500 of the company's regular employees becoming shareholders.

On Thursday, 30th March, 1989 at 5.00 a.m., London time, Peter S. D'Aguiar, age 76, died at the
London Hospital, England where he had travelled to obtain medical attention.

During his tenure of service (1934 - 1989) the company showed a record of rapid development
and continued progress and has emerged as one of the most dynamic, efficient and profitable
businesses in the Caribbean.
Banks DIH Limited is now a multi-billion dollar company and is headed by Mr. Clifford
Barrington Reis, CCH, who was appointed Chairman/Managing Director after the death of Mr.
Peter S. D'Aguiar thereby heralding the dawn of a new era in the company's history.
Undaunted by the magnitude of the added responsibilities, the new Chairman immediately got
down to the job of keeping Banks DIH Limited on its chartered course of continued
development. Mr. Clifford Reis' management style could be described as 'hands-on' and manages
through consultation, help and advice from the Directors, Executive Board Members and the
Worker Management Participation Board (W.M.P.B.). He believes that business must be
undertaken with a sense of urgency and getting quality results is of the utmost importance

Business Functions

The three principal business functions of Banks DIH Limited are the production of beverages,
food products and restaurant operations.

A fourth, and the most recent has been in banking services following the acquisition of 51%
shares of Citizens Bank Inc. in December 1998

Sales and Distribution

The product range carried by the company reaches the homes of all Guyanese as the Company
has a fleet of over two hundred and eighty vehicles. There are branches in Linden, Bartica,
Berbice, Essequibo with distributors and agents in all three counties.

Our Company exports to several countries within the Caribbean and further afield. Our Flagship
Banks Beer is exported to Canada and the United States of America through collaboration with
Banks Holdings Ltd. of Barbados.
Our Manufacturing, Sales and Distribution functions have been strengthened through linkages
with several established companies. We import and distribute Johnny Walker Scotch Whisky,
Absolut Vodka, Smirnoff Vodka and Pine Hill Juices, Drinks and Milk Products.

The excellent results over the years reflect the benefits from past and present investments.

Quality and Standards

Quality and standards at Banks DIH are maintained at a high level, as evident in 2003 at the
Monde Selection in Brussels when Banks Beer was awarded a gold medal for an exceptionally
high quality beer.

The Company's Rum also won three outstanding awards at the International Wine and Spirits
Competition for it's Ten year old rum and XM five year old rum, a double gold medal and a
bronze award respectively.

Diageo International recently presented Banks DIH Limited with the following awards:

Guinness Award of Achievement-Best Absolute Growth for 2003


Venture Americas and Caribbean Partnersip Awards for Outstanding Brand Performance
(Winner)
Percentage Growth Award - Jan, 2004
Volume Growth Award (Winner) 2004

The Company was presented with awards for producing the best Coca-Cola in the region for
three consecutive years. Awards were also presented to the Company for Tropical Mist (2003),
Cream Soda (1998) and Five Year Old Rum (2000).

HISTORY OF BANKS DIH

The D'Aguiar Family was in business in Guyana for over 150 years. In the 1840's Mr. Jose Gomes
D'Aguiar, the founder, started a Rum Business which developed into a chain of Retail Spirit Shops.
In 1885 the business was expanded to include a Cocoa and Chocolate Factory and a Schooner
Shipping Agency.

Mr. Peter Stanislaus D'Aguiar felt, however, that the date of historic importance was in 1896 when
the four sons, Jose Jnr, Manoel, Francisco and John formed the partnership of D'Aguiar Bros. after
the death of Mr. J.G. D'Aguiar in 1893. In the same year the brothers purchased the Demerara Ice
House which then consisted of a hotel, liquor bars and an aerated soft drink plant. The name 'Ice
House' was derived from the fact that ice was imported in schooners from Canada, hence the
initials D.I.H.
Papers concerning D'Aguiar Bros. dating back to the beginning of the century showed that the
actual purchase of the old Demerara Ice House was made in October 1896 with its possession
being effective from November 16 of that year. The purchase was arranged through the Hon. J.H.
de Jonge, auctioneer. The price, $50,000.00, a substantial sum in those days was for buildings
only. Eventually, a twenty-one year lease was negotiated from the Crown in whose title all lands
were vested in those days. It was not until 1929 that the land was bought outright from the
Government. In that year Dr. J.G. D'Aguiar (Mr. Peter d'Aguiar's father) then the sole proprietor
following the death of his brothers, formed the company of D'Aguiar Bros. Limited.

Mrs. P.M. D'Aguiar became the principal shareholder on the death of her husband, Dr. J.G.
D'Aguiar. The business faltered and was at a point of bankruptcy. She was offered the paltry sum
of $100,000.00 for the business as a going concern, but she refused to sell, as she was convinced
that her youngest son, Peter D'Aguiar, should be given the opportunity as he appeared to have the
business acumen to salvage the company and to build it into a thriving concern.

In 1934 at the age of twenty-two, Peter took over as Managing Director of D'Aguiar Bros. Ltd.
Peter concentrated on the manufacturing side, especially soft drinks and rum. He borrowed heavily
to re-finance the business. Gradually old debts were paid off and the business began to flourish
again.

In 1942 Peter acquired the franchise for Pepsi-Cola making British Guiana (as it was named) the
first country in South America to bottle this beverage. The popular range of I-Cee flavours was
introduced in 1952. The production of XM Rum was expanded and became the No.1 Rum in 1959.

Long before Peter took over, the Cocoa and Chocolate business and the Shipping Agency had been
relinquished. The range of interests was still fairly wide and included a soft drink factory, rum
bond, bottling plant, liquor store, retail bars, hotel and pawnbrokery most of which had been
operated and located at D'Aguiar Bros. Ltd. in Brickdam, Stabroek since 1896.

In 1955, Peter D'Aguiar promoted Banks Breweries Limited, the first public company with a
widespread ownership. In 1966 the Private Family Company (D'Aguiar Bros. Ltd.) was converted
into a public company, D'Aguiar Bros. (D.I.H.) Limited with a share capital of $1.0 M (one million
dollars).
1969 saw the merger of D'Aguiar Bros. (DIH) Ltd. with Banks Breweries Ltd. into a new company
called Banks DIH Limited with a Share Capital of G$4,140,000.00.
The Company's headquarters was moved to Thirst Park where the production complex and the
head office, known as the Rotunda, were built in 1969.

The cost of the modern complex on 13.2 acres of land designed by a young Polish Architect,
Marian Dorr-Dorynek at that time, was valued $7,000,000.00.

Since then the number of shareholders has increased from 5,000 to over 14,000 and employees
from 300 to over 500 of the company's regular employees becoming shareholders.

On Thursday, 30th March, 1989 at 5.00 a.m., London time, Peter S. D'Aguiar, age 76, died at the
London Hospital, England where he had travelled to obtain medical attention. During his tenure
of service (1934 - 1989) the company showed a record of rapid development and continued
progress and has emerged as one of the most dynamic, efficient and profitable businesses in the
Caribbean.

Banks DIH Limited is now a multi-billion dollar company and is headed by Mr. Clifford
Barrington Reis, CCH, who was appointed Chairman/Managing Director after the death of Mr.
Peter S. D'Aguiar thereby heralding the dawn of a new era in the company's history.

Undaunted by the magnitude of the added responsibilities, the new Chairman immediately got
down to the job of keeping Banks DIH Limited on its chartered course of continued development.
Mr. Clifford Reis' management style could be described as 'hands-on' and manages through
consultation, help and advice from the Directors, Executive Board Members and the Worker
Management Participation Board (W.M.P.B.). He believes that business must be undertaken with
a sense of urgency and getting quality results is of the utmost importance.

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