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Appointment Announcement: Donna Harvey Maybury, Senior Vice President, Human Resources

07 7 2003

Hamilton, Bermuda: 7 July 2003 - Bank of Butterfield is pleased to announce the appointment of Donna Harvey-Maybury to the position of Senior Vice President, Human Resources.Ms. Harvey Maybury is an accomplished Human Resources professional with significant experience at a senior level, working for organisations such as the Bermuda Hospitals Board and Bermuda Employers' Council. Her most recent position was Vice President/Director, Human Resources, Bank of Bermuda.

"We are pleased to welcome Ms. Harvey Maybury to Bank of Butterfield. She has earned an excellent reputation in her field, and we look forward to working with her," said Alan Thompson, President & CEO.

Ms. Harvey Maybury will replace Karla Lacey-Minors, Senior Vice President Human Resources and Corporate Communications, who will be leaving Bermuda to pursue other endeavours. Ms. Lacey-Minors joined the Bank as Head of Marketing in 1999 and has been in her current position since November 2001.

"Ms. Lacey-Minors has made a substantial contribution to Bank of Butterfield in the areas of Human Resources and Marketing & Corporate Communications. We will miss her and wish her continued success in the future," said Alan Thompson, President & CEO.

Ms. Harvey Maybury will join the Human Resources Department on September 2, 2003, and Ms. Lacey-Minors will remain at the Bank for a transition period. The Marketing & Corporate Communications, headed up by Vice President Karen Cabral, will report directly to Alan Thompson.