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W.P. Stewart Names Co-Chairmen

Hamilton, Bermuda: 29 May 2001 - W.P. Stewart & Co., Ltd. (NYSE: WPL, BSX:WPS.BH) announced today that Robert L. Rohn and Harry W. Segalas have been

appointed Co-Chairmen of W.P. Stewart & Co, Inc., its NY-based investment research and portfolio management subsidiary. Messrs Rohn and Segalas, senior portfolio managers with the NY business, have been with the firm since 1991 and 1990, respectively. Previously, Mr. Rohn served as Chairman of the NY operation, while Mr. Segalas served as its Vice Chairman. In addition to

their roles as Co-Chairmen, Mr. Rohn serves as CEO, and Mr. Segalas holds the recently created position of Director of Investments.

"I expect that Rob and Harry will work closely together to assure that our US-based research and portfolio management group excels at further widening our historical level of market out-performance in the years ahead," said William P. Stewart, the Chairman and Chief Executive Officer of W.P. Stewart & Co., Ltd.

W.P. Stewart & Co., Ltd. is an asset management company that has provided research-intensive equity investment management services to clients throughout the world since 1975. The company is headquartered in Hamilton, Bermuda and

has additional operations or affiliates in the United States, Europe and Asia.

W.P. Stewart & Co., Ltd.'s shares are listed for trading on the New York Stock Exchange (symbol: WPL), and on the Bermuda Stock Exchange (symbol: WPS).