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Bank of Butterfield Continues Share Buyback

03 3 2004

Hamilton, Bermuda: 3 May 2004 - The Bermuda Stock Exchange (BSX) has today been advised by the Bank of Butterfield that in April 2004 the Bank or its subsidiaries bought back and cancelled a total of 26,900 of its own shares at an average price of BD$44.26.

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