Somers Limited - Share Repurchase for December 2016

Hamilton, Bermuda: January 6, 2017 - In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH) a financial services investment holding company, announced that during the month of December 2016, Somers purchased 300 of its own common shares (the “Shares”) at an average cost of $13.75 per share. The Shares will be cancelled with immediate effect.

Media Contacts:

Alasdair Younie                                                                 

Director                                                                          

Somers Limited                                    

Tel:  +1 441-299-2897                                              

Email:  ay@icm.bm                                        

-ENDS-

Somers Limited is a listed financial services investment holding company whose major assets include its 100% owned subsidiary, Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks, a 62.5% holding in Waverton Investment Management Limited, a UK wealth manager with £4.6 billion assets under management and a 59% holding in Homeloans Limited, a leading non-bank Australian financial institution. The Group’s other investments include a 49% economic interest in Ascot Lloyd Holdings Limited, a UK independent financial adviser, a 23% interest in Merrion Capital Holdings Limited, an Irish financial services group, a 75% stake in Stockdale Securities Limited, a corporate and institutional stockbroking group and a 57% interest in West Hamilton Holdings Limited, a Bermuda property investment company. Somers has gross assets of $330 million. Somers’ shares are publicly traded and listed on the Bermuda Stock Exchange (Ticker: SOM.BH). More details on the Company can be found at www.somers.limited.