Bank of N T Butterfield & Son : STEP NAMES BUTTERFIELD “TRUST COMPANY OF THE YEAR”

Hamilton, Bermuda-13 November 2018: Butterfield Trust was named Trust Company of the Year (Large Firm) at the STEP Private Client Awards held in London on 7 November 2018.

STEP-the Society of Trust and Estate Practitioners-is the worldwide professional association for those advising families across generations. STEP Private Client Awards are highly respected in the industry, with nominees put through a rigorous, practitioner-led judging process. Winners are considered by STEP to be the best in the industry in their areas of specialisation.

In a press release announcing the award, STEP noted that its judges said 'Butterfield Trust's entry demonstrated integrity and an impressive global reach, which has been strengthened by important, high-quality acquisitions that confirm their commitment to excellence in this space.'

Butterfield Trust comprises separately incorporated trust companies in eight locations-The Bahamas, Bermuda, the Cayman Islands, Guernsey, Jersey, New Zealand, Singapore and Switzerland-and administers over $105 billion in trust assets (as of 30 September 2018). Butterfield Trust is a division of Bermuda-based Butterfield Group, which provides a wide range of specialised financial services for international clients and their advisers from its offices in key international financial centres. In 2018, Butterfield acquired the Global Trust Solutions business of Deutsche Bank, with operations in Cayman, Guernsey, Switzerland and Singapore.

Michael Collins, Butterfield's Chairman and Chief Executive Officer, said 'Trust is a core business, one in which we are investing for continued growth. Our peer-professionals have recognised our progress in developing the leading international trust franchise, and we are honoured that Butterfield Trust has received this prestigious award. Congratulations to the entire team.'

Bob Moore, Butterfield's Head of Group Trust, said 'Butterfield has been a leader in the provision of offshore trust and fiduciary services for more than 80 years, and trust services continue to be a key part of the bespoke financial solutions we are able to offer our international clients. Being selected as STEP's Trust Company of the Year from a pool of prestigious and deserving candidates is a great honour and reflects the breadth of solutions and the expertise that Butterfield Trust has developed over those many years, along with our unwavering focus on client service excellence.'

Notes to Editors:

About Butterfield:

Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialised financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.

About STEP:

STEP is the global professional association for practitioners who specialise in family inheritance and succession planning. STEP works to improve public understanding of the issues families face in this area and promotes education and high professional standards among its members. STEP members help families plan for their futures, from drafting wills to issues surrounding international families, protection of the vulnerable, family businesses and philanthropic giving. Full STEP members, known as TEPs, are internationally recognised as experts in their field, with proven qualifications and experience. Visit step.org for more information.