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BCL Announces Nine-Month Financial Results To 30th September 2007 And Declares Dividends

15 January 2008

Hamilton, Bermuda: January 14, 2007 - Bermuda Container Line Ltd. (BCL.BH) has informed the Bermuda Stock Exchange (BSX) of the following release:

Bermuda Container Line Ltd. reports net earnings for the nine months ended 30^th September 2007 of $3,257,000 which is a $36,000 or 1.11% improvement over the corresponding period in 2006. Operating earnings generated from the BCL shipping service between Bermuda and New Jersey declined 34% but this was offset by a growth in earnings from Somers Isles Shipping Ltd. and a growth in investment income.

The decreased earnings of the BCL service were primarily due to higher costs and in particular dry-docking costs but also to a small decrease in cargo volume. The SISL service also experienced some large cost increases but these were compensated by a growth in cargo volume in the Florida/Bermuda service. Investment income was up a healthy 46% over the same period in 2006.

Dividends

The Directors have today declared two dividends; a special year end dividend for 2007 of 55¢ per share and a dividend of 14¢ per share for the first quarter of 2008. Both dividends are payable on the 14^th February 2008 to shareholders of record as of 7^th February 2008.