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BSX Approves Listing of the Aurum Managed Portfolio Fund

Hamilton, Bermuda, 21 February 2002 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 4,999,000 Participating Shares of the Aurum Managed Portfolio Fund.

The Aurum Managed Portfolio Fund was incorporated in the British Virgin Islands on 26 November 2001 and was granted public fund status in BVI on 29 January 2002.

The Fund's objective is to achieve long-term capital growth by investing either directly, or indirectly through selected funds or investment managers, in a strategically determined mix of, equity securities, fixed income securities, derivative securities, currencies and other investment assets with an emphasis on long term growth. Investment will principally be in funds of Aurum family funds.

The listing of the Participating Shares of the Funds is sponsored by Continental Sponsors Ltd. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.

"We are pleased to welcome the Aurum Managed Portfolio Fund to listing", said Mr. James S. McKirdy, Listing & Compliance Manager of the BSX.

In response, Mr. Mr Morris, of the Fund noted, "We are delighted to join other Aurum Funds in being listed on the BSX."