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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.

BSX Announces Senior Executive Changes

Hamilton, Bermuda: 16 December 2002 - The Bermuda Stock Exchange (BSX) is pleased to announce that James S. McKirdy has been promoted to the position of Chief Compliance Officer, effective immediately. Furthermore, Mr. McKirdy will assume the role of acting Chief Executive Officer whenever current Chief Executive Officer, Mr. Greg Wojciechowski, is on leave.

In making the announcement, BSX CEO, Greg Wojciechowski stated, " I am delighted that James has been promoted to the position of Chief Compliance Officer, this promotion recognizes his hard work, dedication and deep knowledge of the BSX's regulatory infrastructure and environment. "

James S. McKirdy has been with the BSX for five years as Listing and Compliance Manager. As Chief Compliance Officer he will retain responsibility for the Listing and the Compliance Departments of the Exchange.

James S. McKirdy, a Bermudian, married with two daughters, joined the BSX as Listing Manager in 1998 and was promoted to Listing and Compliance Manager in 2000. Prior to joining the Exchange Mr. McKirdy worked in the Investment Divisions of both the Bank of Butterfield and the Bank of Bermuda.