January 8, 2004 - TBI Grants Stock to Employees TeleBermuda International Limited (TBI), Bermuda’s leading long distance voice and data telecommunications provider, today announced that it has granted stock to all employees worth 5% net value of the company. President and CEO, Mr. James Fitzgerald noted, “TBI is committed to Bermuda and is equally committed to it’s dedicated employees who continue to display an incredible level of professionalism, which we believe will help ensure the company’s long-term success and future growth.” The stock has been provided to all employees in appreciation for their work and their devoted effort to move the company forward as a telecommunications leader in the Bermuda marketplace. The stock allocation is a genuine reflection of TBI’s gratitude to staff and has been provided to all employees, some of which have over 6 years with the company. TBI is largely credited with driving Bermuda’s long distance voice and data costs significantly lower since being granted their Class ‘A’ telecommunications license in 1996.