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Nasdaq Welcomes The Bank Of Bermuda

Date 23/04/2002

The Nasdaq Stock Market, Inc., today announced that The Bank of Bermuda Limited commenced trading on Nasdaq under the symbol BBDA. The Bank of Bermuda was founded in 1889 and is headquartered in Hamilton, Bermuda. It is a global organization, with a network spanning 15 of the world's key financial and offshore centers.

"We are excited to welcome The Bank of Bermuda to Nasdaq," commented David Wield, vice-chairman of Nasdaq and head of its Corporate Client Group. "We share The Bank of Bermuda's global vision and high service ethics which create opportunities for investors in all continents. They join a host of large financial institutions and high quality non-U.S. companies that make Nasdaq their vehicle for reaching investors all over the world."

"This is an important achievement for Bank of Bermuda," commented Bank of Bermuda CEO Henry Smith. "When necessary, we need to be able to raise capital at competitive rates to strengthen ourselves through acquisition or make substantial investments in new business and technology. Listing Bank of Bermuda shares on Nasdaq is therefore a critical but very natural step for us to take."

About Nasdaq

Nasdaq is the world's largest stock market. With more than 4,000 companies, Nasdaq lists more companies and trades more shares per day than any other U.S. market. Over the past five years, Nasdaq has outpaced all other U.S. markets in listing IPOs. It is also home to category defining companies that are leaders across all areas of business including technology, retail, communications, transportation, media and healthcare industries. With operations on three continents, Nasdaq is a key driver of global capital formation. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.

About Bank of Bermuda

Bank of Bermuda is a financial institution that provides banking, trust, asset management, fund administration, global custody services, as well as credit card transaction processing for e-commerce, to its corporate, private and retail clients. Further information on Bank of Bermuda is located on the Internet at www.bankofbermuda.com.