Hamilton, Bermuda: 4 February 2002 - The Bermuda Stock Exchange (BSX) has been advised by the Bank of Butterfield that in January 2002 the Bank or its subsidiaries acquired and cancelled a further 41,900 of its own shares at an average price of BD$31.97.
The repurchases were made under the share repurchase programme announced January 5, 2000. This is the total number of shares bought back during the month.