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LOM Announces Subsidiary Name Change

Hamilton, Bermuda: 30 April 2002 - LOM (Holdings) Limited has advised the Bermuda Stock Exchange of a subsiderary name change.

"The Managing Director of LOM, Scott Lines is pleased to announce that LOM's growth over the past nine years has resulted in a review of our subsidiaries to ensure their names reflect their primary business function. Therefore effectively immediately, our broking subsidiary, "Lines Overseas Management (Bermuda) Limited", has changed its name to "LOM Securities (Bermuda) Limited" reflecting its primary function of providing premium securities advisory and market execution services."