Bermuda National Limited – Market Announcement

Hamilton, Bermuda – 27 September, 2013 – Bermuda National Limited (the "Company" or "BNL"; Ticker: BNL.BH), a Bermuda exempted financial services investment holding company, announces the extension of the expiry date of the Bonus Warrants issued to Shareholders in February 2013.

Further to the Company’s announcement on February 8, 2013, the Company’s directors have resolved to extend the expiry date of the bonus issue of warrants, on a one for three basis, to shareholders in February 2013, from September 30, 2013 to December 31, 2013.

The Company’s directors believe that this will give those shareholders who have yet to exercise their warrants additional time in which to do so. The Company expects to release its full year results for the year ended September 30, 2013 in December 2013 and this will be the first results to include JO Hambro Investment Management Limited, acquired by BNL in August 2013.

Bermuda National Limited is a listed exempt financial services investment holding company whose major assets include its 100% owned subsidiary, Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks and a 62.5% holding in J O Hambro Investment Management Limited, a UK wealth manager with $6.0 billion assets under management. The Group’s other investments include an economic interest of 66% in the London Stock Exchange listed Private & Commercial Finance Group PLC, a UK asset financing company, comprising a 29.3% equity interest and interests in convertible loan notes and a 46.1% stake in Westhouse Holdings PLC, a corporate and institutional stockbroking group. BNL’s shares are publicly traded and listed on the Bermuda Stock Exchange (Website: www.bsx.com  Ticker: BNL.BH) and more details on the Company can be found at www.bermudanational.bm

Media Contacts:

Alasdair Younie

Director

Bermuda National Limited

Tel: 441-299-2897