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IIG Equity Opportunities Fund Withdraws Listing from BSX.

25 July 2002

Hamilton, Bermuda, 25 July 2002 - The Bermuda Stock Exchange today announced the voluntary withdrawal from listing of IIG Equity Opportunities Fund. The withdrawal from listing was made at the request of the Fund and relates to its Class A and Class B Non-Voting, Participating, Redeemable Shares.

For further inquiries on IIG Equity Opportunities Fund contact Mr. Barry Skinner of Harbour Financial Services Limited at telephone: 441-295-9294 or facsimile: 441-292-8899.