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Bank of Butterfield Continues Share Buyback

03 3 2003

Hamilton, Bermuda: 3 September 2003 - The Bermuda Stock Exchange (BSX) has today been advised by the Bank of Butterfield that in August 2003 the Bank or its subsidiaries bought back and cancelled a total of 31,887 of its own shares at an average price of $34.65.

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