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Bank Of Butterfield Contines Share Buyback

01 1 2004

Hamilton, Bermuda: 1 June 2004 - The Bermuda Stock Exchange (BSX) has today been advised by the Bank of Butterfield that in May 2004 the Bank or its subsidiaries bought back and cancelled a total of 35,250 of its own shares at an average price of BD$43.23.

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