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SAL Limited Withdraws Listing of its Preference Shares from BSX.

01 December 2000

Hamilton, Bermuda, 1 December, 2000 - The Bermuda Stock Exchange today announced the de-listing of SAL Limited's 8% Cumulative Redeemable Preference Shares. The de-listing was granted as a result of SAL Limited completing the redemption of the entire number of shares that were in issue.

For further inquiries on SAL Limited contact Mr. Michael Mulcock, telephone 441-232-2000 or fax 441-236-2978.