OFFSHORE INTERNATIONAL DISPLAY & CLASSIFIED

2011 Advertising Rates

Established 1828

EFFECTIVE JANUARY 1, 2011

HAMILTON HM DX, BERMUDATELEPHONE: (441) 295 - 5881

FAX: (441) 295 - 9813www.theroyalgazette.com

P.O. BOX HM 1025

30 - Day Dollar VolumeDiscounts

The RoyalGazette

2011 INTERNATIONAL ADVERTISING RATESThe following rates are based upon 30-day placement schedules

Open Rate, up to $2,480. $25.69 per column inchLEVEL 1 $2,481 to $4,800 $25.21 per column inchLEVEL 2 $4,801 to $8,875 $24.67 per column inchLEVEL 3 $8,876 to $19,350 $24.21 per column inchLEVEL 4 $19,351 and over $23.27 per column inch

One Insertion Modular SizePlacement Rates

The RoyalGazette

1/8 Page (18 column inches)1/4 Page (33 column inches)½ Page (66 column inches)Full Page (126 column inches)

$462.42$847.77$1,695.54$3,236.94

Colour Advertising

One Colour and Black Minimum size 20 col inchesTwo Colours and BlackThree Colours and Black

$252.35$455.26 $714.82

25% Surcharge for Guaranteed Positions

All international Advertising Must Be Pre-Paid Before InsertionMinimum depth of advertisements is 2 inches. Copy exceeding 18 inches in depth

accepted only in full column depth. Double truck and double page spreads,minimum size is 10 columns by 10 inches with 6 columns on one page and 4 on the facing page.

15% Commission is available to accredited advertising agencies upon the approval of the Marketing & Sales Manager.Any Additional commissions are available to only approved representatives of The Royal Gazette Limited.

Rates quoted in Bermuda dollars (on par with US dollars)

Preprinted Insert Machine Inserts Hand Inserts

1 to 4 pages $161.00 per thousand $190.00 per thousand5 to 10 pages $169.00 per thousand $216.00 per thousand11 or more pages $184.00 per thousand $223.00 per thousand

Minimum size 20 col inchesMinimum size 20 col inches

Per Insertion

The Royal Gazette

The Royal Gazette

ALL RATES QUOTED ARE SUBJECT TO CHANGE

2011 POLICY REGUALTIONS & GENERAL CONDITIONS OF ACCEPTANCE FOR ADVERTISING

GENERAL CONDITIONS

These general conditions for acceptance of advertising do not limit the Publisher from other policies and procedures which apply to advertising.

It is understood and agreed by the advertiser that the reconstruction of advertisements, price changes and excessive copy changes cannot be made by the Publisher after advertisements have been set according to the advertiser’s original layout and copy.

All copy and type arrangements are subject to the approval of the Publisher. The Publisher reserves the right to edit, revise or reject any advertisement; however, the Publisher will endeavour to contact the advertiser before advertisements are affected within the meaning of this clause.

If an advertisement is deemed by the Publisher to be an editorial style advertisement, the Publisher reserves the right to insert above or below such advertisement the word “Advertisement”. The use of regular news typefaces or facsimile type styles which may mislead readers into interpreting an advertisement to be news content is not permitted.If an editorial style advertisement contains a display advertisement, then the display ad, must be positioned to the lower right corner anchored to the bottom of the page. All editorial style advertisements are subject to the approval of the Marketing and Sales Manager.

The advertiser assumes full and complete responsibility and liability for the content of all advertising copy submitted, printed and published pursuant to this Agreement, and shall indemnify and save the Publisher harmless against any demands, claims or liability arising from the printing or publication of said advertising

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publication of such advertising copy together with all expenses incurred in connection therewith, including, but not limited to, legal fees and costs of litigation.

The advertiser agrees that The Royal Gazette Limited will not be responsible for advertising material unless return delivery instructions are received within 7 days after receipt.

The advertiser agrees that the copyright of all advertisements prepared by The Royal Gazette Limited will be vested in The Royal Gazette Limited.

The advertiser agrees that the Publisher shall not be liable for damages arising out of errors in advertisements beyond the amount charged for the space actually occupied by that position of the advertisement in which such error occurred, whether such error is due to the negligence of its servants or otherwise and there shall be no liability for non-insertion of any advertisement. To obtain credits for space charges, the advertiser must examine the first insertion and inform the Publisher so that the next insertion may be corrected if required. Requests for credits will not be accepted more than 7 calendar days after the first publication date of the advertisement.

The Publisher reserves the right to increase the advertising and other rates at any time with the minimum notice period of two weeks. The advertiser reserves the right to cancel an existing agreement at any date upon which the higher rates are made effective by the Publisher. The Publisher reserves the right to back rate and re-rate any unfulfilled agreement.

Advertisers wishing credit terms must make application through the Accounts Department of The Royal Gazette Limited before credit may be extended.

Credit cards may be used for the purchase of all advertising.

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Colour advertising is accepted on the basis of colour availability on date of insertion and such details are available from the Advertising Department.

If for any reason, an advertisement scheduled for a guaranteed position is not published in that position, then the normal advertising rates shall apply and the guaranteed position surcharge shall not apply. Credits or make goods are not granted for failed position requests or when an advertisement is inadvertently positioned next to a competitor.

Advertisements cancelled by the advertiser less than two full working days prior to publication may be subject to 50% of space charge and/or production charges incurred.

An advertising proof sent to a customer becomes the final version of the advertisement unless the Publisher is advised of proof errors in writing on the proof by the appropriate deadline.

Credits for reproduction, colour register and failure to print colour will be made at the discretion of the Marketing and Sales Manager on an assessment basis.

25% may apply for bookings submitted late.

50% fee applies when canceled less than 2 working days.

2011 MECHANICAL REQUIREMENTS

The Royal Gazette

Classified List Advertisements

Legal Advertising

Special Effects and Colour Advertisements

12 noon, 3 working days prior to publication.

12 noon, one working day prior to publication.

Formatted Legal Advertisements may be booked by 12:00 noon 1 working day prior to publication. All other legal advertisements are 12:00 noon 3 working days prior to publication.

Add one day to normal deadlines.Disk Delivered Advertisementsmust be delivered to the Publisher by 2:00 p.m. two working days prior to publication. All advertisements delivered beyond deadline are subject to a 25% surcharge.All advertisements are required to be deliverd in electronic format. See the Production Manager: Pre-Press andComputer System for specifications.

ADVERTISING SPACEDEADLINES

THE ROYAL GAZETTEBroad Sheet Standard Page

Screen Required

Size: (12.8”) 77picas x 21Single Column Width: 12 picasDepth of Column: 21” Columns to Page: 6Space between Columns: 1 picaDouble Truck (printed page size): 158 picas x 21”

Less than 110 lines per inch.

MECHANICALDATA

REPRESENTATIVES IN NORTH AMERICA

Established 18282 Par-La-Ville Road, Hamilton HM 08, BermudaTelephone: (441) 295-5881Fax: (441) 295-9813www.theroyalgazette.com

GRAPHIC DESIGN

To meet the needs of our customers requiring graphic design in a timely manner, the following deadlines apply:

Regular newspaper advertisements are required in the Customer Service Department at 12:00 noon 4 working days prior to publication date.

Supplement advertisements are required in the Customer Service Department 2 working days prior to last copy deadline.

All advertising prepared by The Royal Gazette Limited becomes the propertyof this newspaper. Reprints for use in other publications are available upon request and will be charged at our commercial rate.

Our staff does not normally provide commercial services in graphic design, logo design, typesetting , illustration or services for use in publications unless agreed with the Marketing & Sales Manager. Any commercial services provided by the publisher must be quoted to our clients and agreed upon in advance.

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OTHER CHARGES

Marianne Suschak-MatveyMarketing & SalesManager

Charney/Palacios & Co.5201 Blue Lagoon Drive, Suite 200Miami, Florida 33126 USATelephone: (305) 670-9450or (800) 447-8441Fax: (305) 670-9455

The Royal Gazette LimitedE-mail: insidesales@royalgazette.bmTel: 441-295-5881Open Monday-Fridayfrom 8:30 a.m. to 5:00 p.m.Closed Saturdays, Sundaysand Public Holidays