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Bank of Butterfield Continues Share Buyback
Hamilton, Bermuda, November 2, 2006 - The Bermuda Stock Exchange (BSX) has today been advised that in October 2006 Butterfield Bank (NTB.BH) bought back and cancelled 9,900 at an average price of BD$56.5 of its own shares under the share repurchase programme announced January 5, 2000. This is the number of shares bought back and cancelled during the month.
Furthermore, during October 2006 the Bank bought 5,097 shares at an average price of BD$56.76 which are intended to be used to satisfy the Bank's obligations in respect of the Officers' and Employees Stock Option Plans.