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Bank Of Butterfield Continues Share Repurchase Plan

27 March 2001

Hamilton, Bermuda: 27 March 2001 - The Bermuda Stock Exchange (BSX) has been advised by the Bank of Butterfield that in January the Bank or its subsidiaries acquired a further 21,353 of its own shares at an average price of BD$24.11 and that in February 2001 an additional 10,978 shares were repurchased at an average price of BD$24.50

The repurchases were made under the share repurchase programme announced January 5, 2000,