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Bank of Butterfield Continues Share Buyback

05 March 2002

Hamilton, Bermuda: 5 March 2002 - The Bermuda Stock Exchange (BSX) has been advised by the Bank of Butterfield that in February 2002 the Bank bought back and cancelled 92,465 of its own shares at an average price of BD$32.90.

The repurchases were made under the share repurchase programme announced January 5, 2000.