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BF&M Executes Purchase of Final Tranche Of Shares
Hamilton, Bermuda, May 9, 2006 - John Wight, President & CEO of BF&M Limited announced that BF&M had acquired 352,038 of its shares from The Bermuda Fire & Marine Insurance Company Limited (in liquidation) ("BFMIC") on 8th May 2006 on the Bermuda Stock Exchange. The price paid by BF&M to repurchase the shares was $6,896,424. The Company intends to cancel these shares. Initial details of the planned repurchase of these shares were announced by BF&M on 19th April 2006.