Listing Announcement

The Cayman Islands Stock Exchange hereby admits the following securities to listing:

Effective Date:10-Jun-2004
Name of Issuer:Butterfield Select Fund Ltd.
Description:Up to 999,880,000 Non-voting Participating Shares of US$0.10 par value each, which may be issued as Equity Class Shares; Fixed Income Class Shares or Alternative Investment Class Shares.



Copies of the listing document may be obtained during normal business hours at the offices of the Exchange and at the registered office of the Issuer (Butterfield House, Fort Street, P O Box 705 GT, Grand Cayman).