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BSX Approves Listing of up to 4,999,000 Participating Shares of the Resonance Fund Limited

Hamilton, Bermuda, 2 December 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 Resonance Fund Limited.

Resonance Fund was incorporated in the British Virgin Islands on 10 November 2000 and was granted public fund status under the British Virgin Islands Mutual Funds Act 1996 in September 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. Where investment is made into other funds, these funds will be relevant to the investment strategy of the Fund, will be in a variety of legal forms and may be located anywhere in the world.

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

"Resonance Fund Limited is delighted to be listed on the BSX and to be able to benefit from its international reputation" said Mr. Morris of the Fund.

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