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KeyTech Continues Repurchase Programmes

17 January 2002

Hamilton, Bermuda: 17 January 2002€” KeyTech Limited has today advised the Bermuda Stock Exchange (BSX) of the repurchase by the Company of BTC's 7 ¾ % Notes to December 31, 2001. 59,737 Notes with a par value of $896,055 were purchased during the 9 months ended December 31, 2001.

Additionally, the Company noted that 6,295 Key Tech shares were repurchased during the 9 months ended December 31 2001 with a par value of $6,295 at an average price of $41.07.