W.P. Stewart & Co., Ltd. Holds Annual General Meeting of Shareholders

W.P. Stewart & Co., Ltd. Holds Annual General Meeting of Shareholders

May 16, 2007

    HAMILTON, Bermuda, May 16 /Xinhua-PRNewswire/ -- W.P.
Stewart & Co., Ltd. today held its Annual General
Meeting of shareholders in Hamilton, Bermuda.

    A slate of eight (8) directors composed of William P.
Stewart, Henry B. Smith, John C. Russell, Angus S. King,
Jr., Alfred J. Mulder, Heinrich Spangler, Jan J. Spiering
and Richard D. Spurling was elected to the Board of
Directors. A proposal that the maximum number of directors
be maintained at  twelve (12) and that the directors of the
Company be authorized to appoint new directors either to
fill vacancies occurring in the Board of Directors or to
act as additional directors (up to the maximum of twelve)
was also approved.

    During the Annual General Meeting, William P. Stewart,
the Chairman and Chief Executive Officer of the Company,
thanked retiring Board members Dominik M.F. Brunner and
Jeremy W. Sillem for their service to the Company.

    Mr. Stewart commented, "I am grateful to Mr.
Brunner and Mr. Sillem for their objective guidance and
support. Their depth of experience, both with private and
public companies, has been of great assistance to us and I
wish each of them every success in the future."

    In other action, the shareholders also:

    1. re-appointed PricewaterhouseCoopers LLP as the
Company's independent
       auditors for the fiscal year ended 31 December 2007
and until the close 
       of the Annual General Meeting of the Company for
2008 and to authorize 
       the Board of Directors (acting by its Audit
Committee) to fix the 
       auditors' remuneration; and

    2. ratified and approved the issuance or the commitment
to issue by the 
       Company of 1,035,301 of its common shares, in the
aggregate, to certain 
       of its officers and other employees during the year
ended 31 December 
       2006 and early 2007 (all of which shares are or will
be subject to 
       vesting requirements) and the commitment by the
Company to issue in 
       the future up to an additional 505,000 common
shares, in the aggregate, 
       to certain of its officers and employees (all of
which additional 
       issuances are subject to the satisfaction of certain
conditions 
       relating to the Company's profitability, investment
performance or 
       both). 
    
    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 (NYSE: WPL) and on the Bermuda Stock
Exchange (BSX: 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 [phone]
(outside the United States) or e-mail to
[e-mail].


    For more information, please contact: 

     Fred Ryan
     Tel: [phone]