DELAYED OPENING OF TRADING IN BF&M LIMITED

Hamilton, Bermuda, 30 June 2022— BF&M Limited (“BF&M” or the “Company”) (BSX: BFM.BH) announced yesterday that following discussions with its principal shareholder, the Board of Directors (the “Board”) had initiated a review of strategic alternatives (the “Strategic Review”) to maximize shareholder value and which may include the sale of the Company.

Accordingly, the BSX has delayed opening of trading in BF&M Limited’s shares until 11:00hrs Bermuda time on Thursday, 30 June, 2022 to allow shareholders and the market the necessary time to absorb the announcement.

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or info@bsx.com . Information is also available at bsx.com and on Bloomberg at BSX.

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.