Early Redemption of Bank of Butterfield - $75 Million 5.25% Fixed -to -Floating Rate Subordinated Notes due 1 June 2028

Hamilton, Bermuda:  2 June 2023 – The Bank of N.T. Butterfield & Son Limited (the “Bank”) has advised the Bermuda Stock Exchange (the “Exchange”) of the early redemption of the Bank’s BSX listed $75 Million 5.25% Fixed - to - Floating Rate Subordinated Notes due 1 June 2028 (the Notes).

The Exchange has therefore de-listed the Notes pursuant to the provisions of the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.33.  The de-listing from the Exchange is effective today Friday, 2 June 2023.

Contact: Mr. A. Shaun Morris

General Counsel and Group Legal Officer

Bank of N.T. Butterfield & Son Limited. 

Tel: 441 295 1111   

Fax: 441 295 5951

# # # #

About BSX

The Bermuda Stock Exchange (BSX) is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organised in 1971. BSX specialises in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities. To learn more about BSX visit https://www.bsx.com and or contact info@bsx.com