CORRECTING and REPLACING BIW Declares Dividend

The first graph, first sentence should read xxx
stockholders of record as of September 21, 2006 (sted xxx stockholders
of record as of September 15, 2006).

   The corrected release reads as follows:

   BIW DECLARES DIVIDEND

   The Board of Directors of BIW Limited has declared a dividend of
$.17 (seventeen cents) per share, on September 13, 2006 to
stockholders of record as of September 21, 2006 payable on the 29th
day of September 2006.