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Bermuda Home Limited Announce Further Changes To Board Of Directors

Hamilton, Bermuda, 31 March, 1999 - Bermuda Home Limited today advised the Bermuda Stock Exchange (BSX) of the following resignations and appointments to their Board of Directors:

Resignations, effective April 1st, 1999

Anthony C. Brewer,

W. Wayne Jackson

Cummings V. Zuill

Appointments, effective April 1st, 1999

Alan Richardson, C.A.,J.P. Senior Vice President, Retail Clients, The Bank of Bermuda Limited

Mr. Richardson was also appointed Chairman of the Board

E. Eugene Bean, President & CEO, Bermuda Aviation Services Limited

Danny A. Fox, General Manager Banking (Bermuda), The Bank of Bermuda Limited

Mark S.P. Perreault, Senior Vice President, Human Resources, The Bank of Bermuda Limited

William H. Scott, C.G.A., Corporate Controller, The Bank of Bermuda Limited

In addition, the Company informed the BSX that Bermuda Home Limited's year-end has been changed from March 31st to June 30th effective this year.