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BSL Holdings Becomes Millennium International Limited

Millennium International Limited is the new name for BSL Holdings Limited, a Bermuda publicly held company headquartered in Hamilton, it was announced today. The new name was approved by shareholders at the recent Annual General Meeting.

"We determined that the company needed a name that more clearly depicts the innovative technology and communications operations being carried on by the operating subsidiaries, and our commitment to expand our horizons both geographically and operationally," said Board Chairman, William J. Midon. "We are committed to providing innovative technology and communication solutions to our Bermuda clients, and realize we can best achieve this and maximize shareholder value by leveraging our people and know-how to encompass world-wide opportunities. Our new name better describes the breadth of our strategic operations going forward."

Through its associations with major international companies such as UUNET Technologies, Digital Equipment Corporation and Netscape Communications Corporation, Millennium International has access to cutting edge technology on a global basis.

Millennium International Limited operates in Bermuda through Internet (Bermuda) Limited and Business Systems Limited. Its Bahamian subsidiaries are Digital Systems (Bahamas) Limited and Internet (Bahamas) Limited.

Millennium International Limited is the new name for BSL Holdings Limited, a Bermuda publicly held company headquartered in Hamilton, it was announced today. The new name was approved by shareholders at the recent Annual General Meeting.

"We determined that the company needed a name that more clearly depicts the innovative technology and communications operations being carried on by the operating subsidiaries, and our commitment to expand our horizons both geographically and operationally," said Board Chairman, William J. Midon. "We are committed to providing innovative technology and communication solutions to our Bermuda clients, and realize we can best achieve this and maximize shareholder value by leveraging our people and know-how to encompass world-wide opportunities. Our new name better describes the breadth of our strategic operations going forward."

Through its associations with major international companies such as UUNET Technologies, Digital Equipment Corporation and Netscape Communications Corporation, Millennium International has access to cutting edge technology on a global basis.

Millennium International Limited operates in Bermuda through Internet (Bermuda) Limited and Business Systems Limited. Its Bahamian subsidiaries are Digital Systems (Bahamas) Limited and Internet (Bahamas) Limited.

CONTACT: Ms Mary F. Mann

Tele: 292-1748

Fax: 295-7269

E-mail:mmann@ibl.bm