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US Patriot Act Certificate

1 January 2007

To Whom it may concern

The Bank of Bermuda Limited is a wholly owned subsidiary of the HSBC Group.

As a result of the enactment of the USA Patriot Act (Public Law No. 107-56 - October 26, 2001), the U.S. Department of the Treasury has issued regulations requiring U.S. financial institutions to obtain certain information relating to foreign banks that maintain relationships at U.S. financial institutions using a certification form. This certification is needed to comply with provisions of the USA Patriot Act.

The Bank of Bermuda's Patriot Act certification (pdf, 288kb) follows. You will find a copy of our Main Board Resolution enabling me to sign the certification on behalf of the entire Bank of Bermuda group and all its subsidiaries.

If you have any queries please do not hesitate to contact me or Graham Easton on 441-299-6928.

J. Ifor Hughes signature

Yours truly,
J. Ifor Hughes,
Chief Compliance Officer