the world today.

Robert Mulderig, Chairman and CEO of Mutual Risk, will be presenting at 9 a.m.

(E.S.T), as part of Salomon Smith Barney's Fourth Annual Financial Services Conference today.

This presentation will be audio webcast on a live basis and will be available through an archive for 30 days following the presentation. The address for accessing the webcast is: http:/www.veracast.com/ssb2/financial--services--2001/clientaccess/6 8102329.

Mutual Risk Management Ltd. provides risk management services to clients in the United States, Canada and Europe seeking alternatives to traditional commercial insurance for certain of their risk exposures.

Mutual Risk Management Ltd. common shares are listed on the New York and Bermuda stock exchanges.

GLOBAL CROSSING UNIT TO SELL SENIOR NOTES BUC Global Crossing unit to sell senior notes Bermuda-based Global Crossing, the fibre-optic network provider, said yesterday that its Global Crossing Holdings Ltd. unit plans to privately sell $1 billion of senior notes maturing in August 2007. The company said Merrill Lynch & Co. and Salomon Smith Barney were arranging the `drive-by' sale, which would come on the heels of a $1.25 billion drive-by on Friday by Reston, Virginia-based wireless phone company Nextel Communications Inc.

Global Crossing is guaranteeing the notes. Global Crossing Holdings will use sale proceeds to refinance existing term loans and credit lines, and cut borrowing costs. Credit rating agency Moody's Investors Service rates Global Crossing's debt `Ba2,' its second highest junk grade. Another agency, Standard & Poor's, rates it a roughly equivalent `BB.' FRONTLINE BUYS BACK COMMON SHARES STK Frontline buys back common shares Frontline has through market purchases executed 18 January 2001 bought back 240,000 of the company's common shares.

The shares have been bought back at a price of Norwegian Kroner 107.00. The total number of outstanding shares after this is 77,101,511. The shares have been acquired in accordance with a Board authorisation to buy back shares.

Including the mentioned transaction 2,687,145 shares has been acquired within a total of 3,500,000 authorised.

COMPANY ANNOUNCES QUARTERLY DIVIDEND BUC Company announces quarterly dividend Bermuda-based W.P. Stewart & Co., Ltd. announced on Friday a regular quarterly dividend of 30 cents per common share.

The dividend is payable on 31st January 2001 to shareholders of record as of 26 January 2001.

The company also announced that it will report results for the fourth quarter and full year 2000 on Wednesday, 7 February 2001.

A teleconference call for investors and analysts will be held at 9:15 a.m. on Wednesday, 7 February 2001 (EST).