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Bermuda Press (Holdings) Limited Announces Change Of Directors

Hamilton, Bermuda: 4 October 2004 - The Bermuda Stock Exchange (BSX) has been advised by Bermuda Press (Holdings) Limited of changes to its Board of Directors.

Following the resignation of Catherine S. Lord and Linda Tucker effective 29th September 2004, the Board of Directors has appointed Keith R. F. Jensen and Paget J. E. Wharton as Directors of Bermuda Press (Holdings) Limited.

The appointments of Mr. Jensen and Mr. Wharton were also effective as of 29th September 2004.

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For more information, on the Bermuda Stock Exchange (BSX), contact Joanne DeRoza at 1-441-292-7212 or info@bsx.com. Information is also available at www.bsx.com, on Bloomberg at BSX , and on Reuters at THE BSX.

The BSX was founded in 1971 and is the world's leading fully electronic offshore securities market. The BSX lists equities, mutual funds and bonds, as well as depository receipts. The Exchange is recognized by the SEC as a "DOSM" (Designated Offshore Securities Market) and is a full member of the World Federation of Exchanges.