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Bermuda Equity Funds Limited Withdraws Listing from BSX.

Hamilton, Bermuda: 28 March, 2000 - The Bermuda Stock Exchange today announced the voluntary withdrawal from listing of five sub-classes of the Bermuda Equity Funds Limited (Bermuda International Equity Fund - US Dollar Class, Bermuda North American Fund Class, Bermuda European Fund Class, Bermuda Japanese Fund Class, and Bermuda Pacific Rim Fund Class). The withdrawal from listing was made at the request of the Funds which went into members' voluntary liquidation on June 16th, 1999.

For further inquiries on Bermuda Equity Funds Limited contact Mrs. Robin Mayor, Liquidator of the Company, at Conyers Dill and Pearman, telephone 441-295-5950 or fax 441-292-4720.