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Bank of Butterfield Continues Share Buyback

Hamilton, Bermuda: 3 May, 2001- The Bermuda Stock Exchange (BSX) has been advised by the Bank of Butterfield that in April the Bank or its subsidiaries acquired 5,245 of its own shares at an average price of $24.50.

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