The Listing Committee of The Bermuda Stock Exchange (BSX) announced on Friday the approval of the listing of three new funds.

The BSX approved the listing of up to 4,999,000 participating shares in the Aurum Europa Diversified Fund, the Aurum Managed Portfolio Fund and the Aurum Synchronicity Fund.

The investment objective of all three funds is to achieve long-term capital growth by investing either directly, or indirectly through selected funds or investment managers, in a strategically determined mix of equity securities, fixed income securities, derivative securities, currencies and other investment assets with an emphasis on long-term growth.

The Aurum Europa Diversified Fund provides investors with a specialist European focused fund of hedged funds, that aims to derive returns in Europe independent of the direction of the European markets.

Investment in the Aurum Managed Portfolio Fund will principally be in funds of Aurum family funds.

The Aurum Synchronicity Fund has a multidimensional investment approach and at the core of the portfolio is a chosen group of fund managers who are not sector specific. The fund then allocates capital to other sectors that it believes offer the best risk/reward opportunities.

All three funds were incorporated in the British Virgin Islands (BVI) on December 7 2000 and granted Public Fund status in BVI on 29 January 2002.

The listing of the Participating Shares of all three funds is sponsored by Continental Sponsors Ltd under the Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.

For further information on the Aurum Funds contact Mr. Dudley Cottingham at 292-7478 or fax 295-4164.