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KeyTech Continues Note & Share Repurchase

Hamilton, Bermuda, 9 July 2001 - KeyTech Limited (the "Company") has today advised the Bermuda Stock Exchange that during the quarter ending 30 June 2001 the Company had repurchased 29,224 BTC 7 ¾% Notes, with a par value of $438,360.

The Company also announced that during the same period it had repurchased 3,644 of its own shares, with a par value of $3,644, at an average price of $41.32.

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For further information please contact Kevin Hadall at Key Tech Limited at phone 441-295-1001 ext. 3179 or fax at 41-292-5297 or email at kghadall@btc.bm.

For more information, contact Christopher Dill at the Bermuda Stock Exchange at phone 441-292-7212 or info@bsx.com. Information is also available at www.bsx.com, on Bloomberg at BSX , and on Reuters at THE BSX.

The BSX was founded in 1971 and is the world's leading fully electronic offshore securities market. The BSX lists equities, mutual funds and bonds, as well as depository receipts. The Exchange is recognized by the SEC as a "DOSM" (Designated Offshore Securities Market) and is a full member of the International Federation of Stock Exchanges.