Somers Limited - Investment in MJ Hudson

Hamilton, Bermuda – May 10, 2016 – Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH), a financial services investment holding company, is pleased to announce that it has invested in MJ Group Holdings Limited (“MJ Hudson”), the UK based specialist law firm and asset management services provider.

MJ Hudson was founded in 2010 by Matthew Hudson as a law firm for the alternative asset management and investment industry. Both through acquisition and organic growth, MJ Hudson is rapidly fulfilling its strategic goal of becoming a multi-services and infrastructure business, a one-stop outsourcer  for asset managers and investors encompassing legal, operating & regulatory, fiduciary, administration and reporting & investor relations services. The Somers investment will help MJ Hudson fulfil that goal.

Somers has invested £1 million by way of a five-year convertible loan note with a 6-month option to invest a further £2 million on the same terms. The full £3 million investment would represent 13% of the enlarged share capital of MJ Hudson.

Commenting on the investment, Warren McLeland, Chairman of Somers said:

“We are very pleased to support the growth of MJ Hudson and fully expect there to be revenue synergies in both directions between MJ Hudson and our other investee companies.”

Matthew Hudson, CEO and founder of MJ Hudson, said:

“The Somers’ investment represents an important step forward in establishing a one-stop shop for asset managers in terms of all the legal, regulatory, fiduciary and operational services they require which will make us unique in the UK market, and we look forward to working closely with the broader Somers group”

Media Contacts:

Alasdair Younie                                                                  

Director                                                                          

Somers Limited                                    

Tel:  +1 441-299-2897                                              

Email:  ay@icm.bm

                                                           # # #

For more information on the Bermuda Stock Exchange (BSX), contact Christopher Madeiros at 1-441-292-7212 or cmadeiros@bsx.com. Information is also available at bsx.com and on Bloomberg at BSX <GO>.

The BSX was founded in 1971 and is the world’s leading fully electronic offshore securities market. The BSX list equities, mutual funds and bonds, depository receipts and derivative warrant securities. The BSX is a full member of the World Federation of Exchanges (WFE) and an affiliate member of IOSCO. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules.