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Bank of Butterfield Continues Share Buyback

03 3 2003

Hamilton, Bermuda: 3 February 2003 - The Bermuda Stock Exchange (BSX) has been advised by the Bank of Butterfield that in January 2003 the Bank or its subsidiaries bought back and cancelled a total of 47,000 of its own shares at an average price of BD$31.51.

The repurchases were made under the share repurchase programme announced January 5, 2000.