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Salsac Management Limited - 20 July 2010

Public Statement –

Salsac Management Limited (in Liquidation)
Shannon Trustees Limited (together, the “Salsac Companies”)
Of: Commercial House, Commercial Street, St. Helier, Jersey
Financial Services (Jersey) Law 1998, as amended (the “Law”)

The Jersey Financial Services Commission (the “Commission”) issues this public statement under Article 25(d) of the Law.

Following an investigation by the Commission in 2009 and 2010 into the fitness and propriety of the Salsac Companies,
Mr Alan John Salsac, former Managing Director and owner of the Salsac Companies, decided, voluntarily, to wind down
the trust company business operation.

On 13 July 2010 Salsac Management Limited entered into a creditors’ winding up arrangement under Chapter 4 of Part 21
of the Companies (Jersey) Law 1991.

Jersey Financial Services Commission
14 – 18 Castle Street
St. Helier

Contact: Deborah C. Sebire -

20 July 2010



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