W.P. Stewart & Co., Ltd. Announces Trading To Cease On NYSE

Hamilton, Bermuda - 06 January, 2009 - W.P. Stewart & Co., Ltd. (WPL) ("W.P. Stewart" or the "Company") announced it has been notified by the New York Stock Exchange ("NYSE") that the Company is considered below continued listing criteria since its average market capitalization was less than $25 million over a 30 trading-day period. In light of such non-compliance, the Company's common shares will not continue to be eligible for trading on the NYSE.

Under applicable NYSE procedures, the Company has 10 days from the receipt of official notice of non-compliance to appeal the delisting proceedings with the NYSE. The Company does not expect to submit an appeal of the NYSE delisting. In conversations with the NYSE, it was determined that trading of the Company's common shares on the NYSE will be suspended effective at the opening of the market on Friday, 9 January 2009.

In light of such delisting the Company intends to terminate the registration of its common shares under the Securities Exchange Act of 1934 ("Exchange Act"). On or before 30 January 2009, the Company will file with the SEC a Form 15, Notice of Termination of Registration and Suspension of Duty to File, to terminate its reporting obligations under the Exchange Act. When the Form 15 has been filed, the Company's obligation to file certain reports with the SEC, such as Forms 20-F and 6-K, will be suspended. The deregistration of the Company's common shares under the Exchange Act will become effective 90 days after the date on which the Form 15 was filed. The Company is eligible to deregister under the Exchange Act because its common shares were held of record by fewer than 300 persons on 1 January 2009, the beginning of its fiscal year.

The Company has applied to the Bermuda Stock Exchange ("BSX") to convert its secondary listing on the BSX to a primary listing. The Company expects its common shares will also continue to trade in the Pink Sheets, a centralized electronic quotation service for over-the-counter securities, so long as market makers demonstrate an

interest in trading in the Company's common shares. The Company will provide its new ticker symbol for trading on the Pink Sheets as soon as it becomes available. Although the Company currently intends to publicly provide information necessary to maintain trading in these markets, including quarterly earnings reports consistent with its 

historical practice, the Company can give no assurance that its common shares will continue to be actively traded on the Pink Sheets, on the BSX or on any other securities exchange or quotation medium.

For more information, please visit the Company's website at http://www.wpstewart.com , or call W.P. Stewart Investor Relations (Fred M. Ryan) at 1-888-695-4092 (toll-free within the United States) or + 441-295-8585 (outside the United States) or e-mail to

IRINFO@wpstewart.com.