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W.P. Stewart & Co., Ltd. Declares Quarterly Dividend

HAMILTON, Bermuda, 9 July 2001 - W.P. Stewart & Co., Ltd.(NYSE: WPL) announced today that it has declared a regular quarterly dividend of US$0.30 per common share. The dividend is payable on 31st July 2001 to shareholders of record as of 20th July 2001.

W.P. Stewart & Co., Ltd. is an asset management company that has provided research intensive equity 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.

The Company's shares are listed for trading on the New York Stock Exchange (NYSE: WPL) and on the Bermuda Stock Exchange (symbol: WPS).

For more information, please visit the Company's website at http://www.wpstewart.com, or call W.P. Stewart Investor Relations (Fred M. Ryan) at 1-888-695-4092 (toll-free within the United States) or +441-295-8585 (outside the United States) or e-mail to IRINFO@wpstewart.com.

The Company's shares are listed for trading on the New York Stock Exchange (NYSE: WPL) and on the Bermuda Stock Exchange (symbol: WPS).

For more information, please visit the Company's website at http://www.wpstewart.com, or call W.P. Stewart Investor Relations (Fred M. Ryan) at 1-888-695-4092 (toll-free within the United States) or +441-295-8585 (outside the United States) or e-mail to IRINFO@wpstewart.com .

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For more information on the Bermuda Stock Exchange (BSX), contact Christopher Dill at 1-441-292-7212 or info@bsx.com. Information is also available at bsx.com on Bloomberg at BSX , and on Reuters at THE BSX. W.P. Stewart & Co., Ltd. Declares Quarterly Dividend

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.