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BSX Declares Devonshire Industries Ltd. Shares Depository Eligible

13 13 2004

Hamilton, Bermuda: 13 April 2004 - The Bermuda Stock Exchange (BSX) today announced that the Common Shares of Devonshire Industries Ltd. (DEVON.BH) are now €˜depository eligible' for the Bermuda Securities Depository (BSD).

This means that effective immediately, anyone holding Devonshire Industries shares may enter their holdings into the BSD through a BSD participant. BSD participants include, BSX Trading Members, Banks, Custodians and other providers of nominee account services.

As of Wednesday, 14 April 2004 only Devonshire Industries Shares that have been entered into the BSD system will be available for trading on the BSX. This means that anyone wishing to sell DEVON.BH on or after this date will be required to deposit those shares into the BSD before initiating a sell order.

As at the 14 April 2004, the following Issuers have not yet entered into the BSD. In weeks to come, these Issuers will be designated "Depository Eligible" at which time the appropriate announcements will be made: Argus Insurance (ARGUS.BH), Bermuda Commercial Bank (BCB.BH), Bermuda Bakery Ltd. (BAKE.BH), Bermuda Press Holding (BPH.BH), Island Press Ltd. (IPRS.BH), Watlington Waterworks (WWW.BH), BCS Investments (BCS.BH), KFC Bermuda (KFCB.BH), Masters Ltd. (MSTR.BH).