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The Corporation Of Hamilton Calls 8% Bond Issue

24 24 2003

Hamilton, Bermuda: 24 June 2003 - The Corporation of Hamilton has advised the Bermuda Stock Exchange (BSX) that at a meeting held on 1st April 2003, the members of the Corporation made a decision to repurchase all of the current bonds that are outstanding from its bond issue (US$ & BD$) of 1995.

The Corporation intends to execute full repayments of its 2010 $6.5 million bond on the 30th July 2003 including accrued interest and penalty of 3%.