Fitch Affirms Rating for Bermuda Commercial Bank Ltd.

Hamilton, Bermuda – 21 December, 2011 – The rating agency Fitch today affirmed its ratings for Bermuda Commercial Bank Limited (BCB) at BBB- / F3. The outlook was changed from ‘Stable’ to ‘Negative’.

Horst E. Finkbeiner, Director & Chief Operating Officer commented that, “We are pleased that our strong capital position, growing client deposits and conservative liquidity were recognized by Fitch, as was the overall growth in our business”.

BCB is the only bank in Bermuda focused purely on private wealth and corporate clients, providing banking, trust, asset & investment management, and corporate administration & services. In October 2011 BCB acquired Paragon Trust Company Limited and Charter Corporate Services Limited, expanding the bank’s business, diversifying its revenue stream and strengthening its trust and corporate services.

“The change in outlook reflects the challenges in the global banking environment, particularly in Europe. This something that the Bank is managing closely and we have taken note of Fitch’s comments on our investment portfolio. While our portfolio is well diversified we will continue to work with our investment manager to monitor our exposure to the areas that Fitch have highlighted” said Finkbeiner.

BCB follows a conservative approach to managing its balance sheet, and at year end had a capital ratio of 27.08%. Further over 50% of its assets are in cash and highly liquid securities. “We are not aware of any other bank holding such a strong capital and liquidity position, and we look forward to continuing to grow our business in 2012”.

Contacts:

Bermuda Commercial Bank

Horst Finkbeiner II, Director & Chief Operating Officer

Tel: 1 441 295 5678

Email: hfinkbeiner@bcb.bm

Bermuda Commercial Bank Limited is one of Bermuda’s four licensed banks, established in 1969 and regulated by the Bermuda Monetary Authority. It is Bermuda’s only bank focused purely on corporate and private wealth clients, offering a range of bespoke financial solutions. BCB’s website is www.bcb.bm and its shares are publicly traded and listed on the Bermuda Stock Exchange bsx.com (Ticker: BCB.BH). BCB’s share price is available on the BSX and on Bloomberg and is published daily in the Royal Gazette.