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LOM (Holdings) Limited Announces Share Repurchase Programme

13 August 2002

Hamilton, Bermuda: 13 August 2002 - LOM (Holdings) Limited (LOM) has given notice to the Bermuda Stock Exchange (BSX) of its intention to commence a repurchase programme for its Common Shares.

In the Notice LOM indicated that its Directors have approved the programme and have put aside BD$500,000 for use in the programme during the twelve month period commencing today's date. LOM also indicated that it only intends to repurchase its Common Shares at BD$1.80 or less.