Bermuda Stock Exchange

BSX Shorts June 2008 Edition

BELCO Holdings Limited Gives Notice To BSX Of Share Repurchase Program

Hamilton, Bermuda: June 3, 2008 – BELCO Holdings Limited (BELCO) has given Written Notice to the Bermuda Stock Exchange (BSX) as required by the BSX Listing Regulations that it intends to initiate a share repurchase program to buy back 75,000 common shares of BELCO as they become available. BELCO further advised that, “In a recent meeting of BELCO Holdings Limited Directors, it was agreed to purchase shares on the open market when it is felt that they are an attractive investment price.”

The Exchange has accepted the Notice and has advised BELCO that its share repurchase program may commence from Friday, 6 June 2008.

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