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BSX Approves Listing of up to 4,999,000 Participating Shares of the TAM Telium Aggressive Fund Ltd.

Hamilton, Bermuda, 22 July 2004 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 4,999,000 Participating Shares of the TAM Telium Aggressive Fund Ltd.

The Fund was incorporated in Bermuda on 10 December 2003 and is registered as a Bermuda Standard Scheme under the Bermuda Monetary Authority (Collective Investment Scheme Classification) Regulations 1998.

The Fund's objective is to achieve long-term capital growth by investing either directly, or indirectly through selected funds or investment managers, in a strategically determined mix of global fixed income securities, equity securities, derivative securities, currencies and other investment assets with an emphasis on long term growth.

Continental Sponsors Ltd sponsors the listing of the Participating Shares of the Fund. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.

"TAM Telium Aggressive Fund Ltd is delighted to be listed on the BSX and to be able to benefit from its international reputation," said Mr. Morris of the Fund.

"We are pleased to welcome the TAM Telium Aggressive Fund Ltd. to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.