Caribbean Utilities Co. Ltd. Class ATSX: CUP.U

CUC announces declaration of regular quarterly dividend on CUC's Class A Ordinary Shares

· Issued by Caribbean Utilities Co. Ltd. Class A via CNW
CARIBBEAN UTILITIES COMPANY, LTD. LISTED FOR TRADING IN U.S. FUNDS ON THE 
TORONTO STOCK EXCHANGE/TRADING SYMBOL: CUP.U

GRAND CAYMAN, Cayman Islands, Nov. 17 /CNW/ - Caribbean Utilities
Company, Ltd. ("CUC") announced today that the Board of Directors has declared
a regular quarterly dividend of US$0.165 per Class A Ordinary Share, or an
annualized dividend of US$0.66 per share. The dividend will be payable
December 13, 2005 to shareholders of record November 29, 2005.

CUC operates the only public electric utility on Grand Cayman, Cayman
Islands pursuant to a 25-year exclusive licence from the Government of the
Cayman Islands entered in 1986. CUC's Class A Ordinary Shares are listed in
U.S. funds on The Toronto Stock Exchange (trading symbol: "CUP.U")
%SEDAR: 00002251E