Hamilton, BERMUDA (27 May, 1998)-- The Bermuda Stock Exchange ("The BSX") today announced the de-listing of the BDR Co. Ltd., Variable Guaranteed Redeemable Notes, due March , 1998. The de-listing
was granted as a result of the Notes having matured on 26th March, 1998 and all outstanding Notes being redeemed.
For further inquiries on BDR Co. Ltd. contact Ms. Christine Sommerville, Secretary, BDR Co. Ltd, telephone 441-292-3580 or fax 441-292-5898. For additional information on The BSX, please call Stephen Davidson, 441-292-7212 or e-mail sdavidon@bsx.com, or visit The BSX Web site at http//www.bsx.com