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Bank of Bermuda Announces First Quarter 2003 Earnings Release Date and Pre-Recorded Call

Hamilton, Bermuda, 16 April 2003 - Bank of Bermuda (NASDAQ:BBDA;BSX:BOB) announced today that it will release its first quarter 2003 earnings results on Tuesday, April 22, 2003 at approximately 8:00 a.m. (ET). The earnings release will be available via the internet at www.bankofbermuda.com.

In addition, pre-recorded comments from Henry B. Smith, Chief Executive Officer and Edward H. Gomez, Chief Financial Officer will be available via telephone at (800) 428-6051 (toll free in the US)/ (973) 709-2089 Pin #290446 and via the internet www.bankofbermuda.com/investorrelations/webcast.htm beginning at approximately 9:00 a.m. (ET) on Tuesday, April 22, 2003.