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Bank Of Butterfield Continues Share Repurchase Plan

Hamilton, Bermuda: 2 April 2001 - The Bermuda Stock Exchange (BSX) has been advised by the Bank of Butterfield that in March the Bank or its subsidiaries acquired a further 26,593 of its own shares at an average price of BD$24.50.

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