This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

LOM Issues Clarifying Statement

04 December 2002

Hamilton, Bermuda: 4 December 2002 - LOM (Holdings) Limited today issued the following clarifying statement to the Bermuda Stock Exchange;

"Further to today's recent media coverage, LOM wishes to clarify that:

A) LOM believes its current stock price of approximately $2.25 ("LOM.BH" on the BSX) is undervalued relative to its underlying book value which is approximately $3.50 per share;

B) LOM (Holdings) Limited expects to apply to the Minister of Finance for a 60/40 exemption soon, and certainly within the next six months."