W.P. Stewart & Co., Ltd. Declares Quarterly Dividend HAMILTON, Bermuda, January 5 /PRNewswire/ -- W.P. Stewart & Co., Ltd. announced today that it has declared a regular quarterly dividend of US$0.30 per common share. The dividend is payable on 30 January 2004 to shareholders of record as of 15 January 2004. W.P. Stewart & Co., Ltd. is an asset management company that has provided research intensive equity management services to clients throughout the world since 1975. The Company is headquartered in Hamilton, Bermuda and has additional operations or affiliates in the United States, Europe and Asia. The Company's shares are listed for trading on the New York Stock Exchange (symbol: WPL) and on the Bermuda Stock Exchange (symbol: WPS). For more information, please visit the Company's website at http://www.wpstewart.com , or call W.P. Stewart Investor Relations (Fred M. Ryan) at 1-888-695-4092 (toll-free within the United States) or +441-295- 8585 (outside the United States) or e-mail to IRINFO@wpstewart.com . Web site: http://www.wpstewart.com DATASOURCE: W.P. Stewart & Co., Ltd. CONTACT: Fred M. Ryan of W.P. Stewart & Co., Ltd., 1-888-695-4092, +441-295-8585, IRINFO@wpstewart.com FCMN Contact: robin@wpstewart.com

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