Spectrum Management Authority

Annual Report 2010/2011

ERRATA

1. Page number 18, "BOARD OF DIRECTORS' COMPENSATION" should read as set out below.

SPECTRUM MANAGEMENT AUTHORITY

BOARD OF DIRECTORS' COMPENSATION

Motor Vehicle All Other

UpKeep/Travelling Compensation
or Value of including Non-
Assigned Motor Cash Benefits as
Position of Director Fees Vehicle Honoraria applicable Total
$ $ $ $ $
Chairman - Board of Directors 275,000 128,415 403,415
Chairman HR - Sub Committee 159,500 47,985 207,485
Chairman - Finance - Sub Committee 175,000 35,280 210,280
Chairman - Audit - Sub Committee 189,000 43,610 232,610
Chairman - Technical Operations - Sub Committee 147,500 33,530 181,030
Chairman - Industry Affairs - Sub Committee 112,000 127,244 235,052 474,295
Member ( Finance, Industry Affairs,Strategic Planning,
& HR) 235,000 59,430 294,430
Member ( Audit, Strategic Planning, & HR) 196,500 77,770 274,270
Member - (Audit - Sub Committee) 103,000 19,390 122,390
Member - (Technical Operations - Sub - Committee) 59,000 13,440 72,440
Member - (Strategic Planning - Sub Committee) 74,000 4,340 78,340
Member - (Industry Affairs - Sub Committee) 77,000 9,520 86,520
Co-Opted Member ( Industry Affairs - Sub Committee) 14,000 14,000
Co- Opted Member ( Finance - Sub Committee) 31,500 31,500
1,848,000.00 599,953.74 235,051.52 2,683,005.26

NOTE: Included in Travelling allowance of $599, 953.74 is retroactive payment of $194,530.00 for seven (7) directors re the period 2009 Jan. 20 - 2010 May.

Deborah Newland - Chairman, Board of Directors Dainsworth Richards - Managing Director