Somers Limited – Share Repurchases

Hamilton, Bermuda – 15 January 2020 – In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH) announced share repurchases.  The filing stated:

Somers Limited (“Somers”), a financial services investment holding company, announces that during the month of December 2019, Somers purchased 238 of its own common shares (the “Shares”) at an average cost of $15.00 per share. The Shares will be cancelled with immediate effect.

The number of common shares in issue as at December 31, 2019 was 20,670,010 (net of 838 treasury shares).

Media Contacts:

Alasdair Younie                                                                 

Director                                                                          

Somers Limited                                    

Tel:  +1 441-299-2897                                             

Email:  ay@icm.bm                                        

About Somers Limited:

Somers is a listed financial services investment holding company whose major assets include: a 62.5% holding in Resimac Group Limited, a leading non-bank Australian financial institution with over A$13 billion assets under management; 100% shareholding in Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks, a 62.7% shareholding in UK specialist bank, PCF Group plc; and, a 62.5% holding in Waverton Investment Management Limited, a UK wealth manager with £6.3 billion assets under management. Somers has shareholders’ funds of approximately US$354 million. Somers’ shares are publicly traded and listed on the Bermuda Stock Exchange (Ticker: SOM.BH). More details on the Company can be found at www.somers.limited