W.P. Stewart & Co., Ltd. Holds Annual General Meeting of Shareholders and Expands Investment and Marketing Teams

Hamilton, Bermuda - 20 May, 2009 - W.P. Stewart & Co., Ltd. (BSX: WPS; Pink Sheets: WPSLF) ("W.P. Stewart" or the "Company") held its Annual General Meeting of shareholders in Hamilton, Bermuda on 19 May, 2009.

A slate of nine (9) directors composed of William P. Stewart, Angus S. King, Jr., Alfred J. Mulder, Mark I. Phelps, Charles H. Price, Mal Serure, Henry B. Smith, Richard D. Spurling and Alexandre von Furstenberg was elected to the Board of Directors. A proposal that the maximum number of directors be maintained at twelve (12), and that the directors of the Company be authorized to appoint new directors either to fill vacancies occurring in the Board of Directors or to act as additional directors (up to the maximum of twelve), was also approved.

During the Annual General Meeting, William P. Stewart, Executive Chairman of the Company, thanked retiring Board members, John C. Russell and Heinrich Spängler, for their service to the Company.

In other action, the shareholders also:

1. re-appointed PricewaterhouseCoopers LLP as the Company's independent auditors for the fiscal year ended 31 December 2009 and until the close of the Annual General Meeting of the Company for 2010 and authorized the Board of Directors (acting by its Audit Committee) to fix the auditors' remuneration; and
2. ratified and approved the issuance by the Company of 560,000 (prior to the one-for-ten share consolidation in November 2008; 56,000 post-consolidation) of its common shares, in the aggregate, to certain of its officers and other employees during the latter half of 2008 (all of which shares are subject to vesting requirements).
3. approved the granting of authority to the Board of Directors (or a committee thereof) with respect to future allotments, issuances or grants of the Company's common shares, securities convertible into common shares, or options, warrants or similar rights to subscribe for common shares or such convertible securities, in an amount up to an aggregate of 1,103,000 shares.

The Company also announced the expansion of the investment and marketing teams. Kevin Crook has joined W.P. Stewart Asset Management (NA), Inc., as Executive Vice-President, Director of Sales. Most recently, Mr. Crook had been national sales manager with Cohen & Steers. 

Greg Locraft will join W.P. Stewart & Co., Inc., as a Senior Vice President where he will be an equity analyst and portfolio manager. Mr. Locraft was most recently an equity portfolio manager at MFS Investments, where he worked for a decade.

Mike Walker will join W.P. Stewart & Co., Inc. as a senior analyst covering a number of companies in the technology sector. Mike was an Institutional Investor-ranked analyst covering technology at CFSB and most recently was an analyst at Ark Advisors.

Both W.P. Stewart Asset Management (NA), Inc., and W.P. Stewart & Co., Inc., are wholly owned subsidiaries of W.P. Stewart & Co., Ltd.

Bill Stewart commented that "We're delighted that Greg and Mike have joined our investment team. These senior analysts will greatly strengthen our research coverage of the financial and technology industries, respectively. Kevin brings a wealth of experience in institutional marketing and nicely rounds out our US marketing and client service team."

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W.P. Stewart & Co., Ltd. is an asset management company that has provided research intensive equity management services to clients throughout the world since 1975. The Company is headquartered in Hamilton, Bermuda and has additional operations or affiliates in the United States, Europe and Asia.

The Company's shares are listed for trading on the Bermuda Stock Exchange (BSX: WPS) and are currently traded in the U.S. on the Pink Sheets (Pink Sheets: WPSLF).

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.