BSX Supports Butterfield’s Capital Market Initiatives

Hamilton, Bermuda – 01 June, 2015 – The Bermuda Stock Exchange (‘BSX”) has been a valuable ongoing partner for the Bank of Butterfield & Son Limited (“Butterfield”), providing access to capital and a world-class, well-regulated, sophisticated market for securities trading.

We recognize and support Butterfield as it begins to evaluate its options and considers plans that are in the best interests of all of its shareholders. There are numerous companies listed on the BSX that have listings on other exchanges as part of their strategic plans to diversify their shareholder bases or for other financial reasons.

As a key stakeholder in the Bermuda economy and longest and largest listed issuer on the BSX, we are confident that the Butterfield’s Management will continue to recognize the capital market support provided by the BSX in the domestic capital market.  The BSX will work closely with Butterfield to encourage that to the greatest extent possible, trading and other exchange related services continue to be provided to Butterfield through the BSX.

A successful and growing Bermuda economy fueled in part by the development of the BSX is pivotal to the long-term success of Butterfield. We know that Butterfield will be a champion of the BSX both at home and abroad and we look forward to working with them to highlight the professional expertise and technological depth of the BSX platform in Bermuda. It is scalable and has significant additional capacity.  This platform is underpinned by NASDAQ/OMX trading, settlement and depository technology and is a tried and tested model in many global markets.