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BSX Approves Listing of up to 4,999,000 Participating Shares each of the Aurum Universal Fund Ltd.,

Hamilton, Bermuda, June 7, 2000 - The Listing Committee of The Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 4,999,000 Participating Shares each of the Aurum Universal Fund Ltd., Aurum Isis Fund Ltd., Aurum Spectra Fund Ltd., Aurum Investor Fund Ltd., and Aurum Fortress Fund Ltd.

The Funds were all incorporated in the British Virgin Islands on October 16, 1997 except for the Aurum Investor Fund and the Aurum Fortress Fund, which were incorporated on July 27, 1994 and December 18, 1998 respectively. All the Funds are currently registered in the BVI as public funds.

The investment strategy of the Funds is to seek substantial capital appreciation with low levels of volatility through strategic allocation of funds to a variety of advisers who utilize many instruments and asset classes including trading futures, options, foreign exchange and securities instruments in markets around the world

The listing of the Participating Shares of the Aurum Funds is sponsored by Continental Sponsors Ltd. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.

"Aurum is delighted to be listing their product range alongside the growing number of other respected hedge funds on the Bermuda Stock Exchange", said Mr. S. Arthur Morris of Aurum Fund Management Limited.

"The BSX welcomes the Aurum Funds to listing", said Mr. James S. McKirdy, Listing Manager of the BSX.