Somers Limited - Share Repurchase for November 2017

Hamilton, Bermuda – December 12, 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 November 2017, Somers purchased 3,000 of its own common shares (the “Shares”) at an average cost of $14.40 per share. The Shares will be cancelled with immediate effect.

Media Contacts:

Alasdair Younie                                                                 

Director                                                                          

Somers Limited                                     1

Tel:  +1 441-299-2897                                             

Email:  ay@icm.bm                                        

-ENDS-

    Somers Limited (“Somers”) is a listed financial services investment holding company whose major assets include: a 62% holding in Homeloans Limited, a leading non-bank Australian financial institution with A$10.2 billion assets under management; 100% shareholding in Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks and, a 62.5% holding in Waverton Investment Management Limited, a UK wealth manager with £5.2 billion assets under management. Somers’ other investments include: a 22% interest in Merrion Capital Holdings Limited, an Irish financial services group; a 75% stake in Stockdale Securities Limited, a UK corporate and institutional stockbroking group; and, a 57% interest in West Hamilton Holdings Limited, a Bermuda property management and investment company. Somers has shareholders’ funds of approximately $343 million and minimal debt. 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