Michael A. Ashcroft, ADT Limited Chairman and Chief Executive Officer and BHI
                Chairman to Devote More Time to BHI Activities

    NEW YORK, March 18 /PRNewswire/ --  BHI Corporation (Nasdaq: BHIKF), a
corporation with principal business in banking and financial services, and
which makes strategic investments in infrastructure, agro-processing and
distribution in Central America and the Caribbean, reported net income of
$12.39m for the nine months ending January 31, 1997, an increase of 17.3% over
the same period last year.  Earnings per share for the nine months was $1.75,
up 18.5% over the comparable period last year.
    Commenting on the results, BHI's Chief Executive Officer, Allan Forrest,
said: "Continuing strong performance in banking and financial services is now
being matched by the growing contribution from BHI's strategic regional
investments, which have again exceeded expectations.  We are confident that
growth in earnings per share for the full year which ends April 30, 1997 will
exceed 20%."
    BHI's Chairman, Michael A. Ashcroft said:  "With the proposed merger of
Tyco International and ADT, which was announced on March 17, I am ready to
move on to new endeavors.  As non-executive Chairman of BHI and shareholder of
approximately 65% of the Company, I have naturally monitored BHI's progress
and developed many contacts in Central America and the Caribbean region.  I
will now have more time to leverage these contacts on BHI's behalf while
taking a more active role in the company's operations."

    Banking and Financial Services

    The Bank saw continued growth in both lending and non-interest income from
fees and services during the Third Quarter.  Lending margins remained strong
with net interest income increasing 20% over the same period of the prior
year.  Non-interest income increased 28% over the comparable period last year.

    Strategic Regional Investments

    Infrastructure

    Telecommunications
    Earnings from Belize Telecommunications Limited ("BTL") continue to be
solid and in line with expectations.  The Company has  re-balanced its
tariffs, an effort designed to stimulate growth in the use of its services.
    Energy
    Earnings from Belize Electricity Limited ("BEL") are up to expectations,
and the company has also completed a re-balancing of its tariffs.  This is
designed to stimulate industrial users, who comprise the fastest growing
sector of the market.  Construction of the  transmission line to Mexico, which
will provide long-term, low cost, secure power supplies, continues on
schedule.
    Developments at Energia Global Inc. ("EGI") continue to be positive: the
Don Pedro plant in Costa Rica is exceeding designed capacity; the construction
of the Rio Volcan plant continues according to program, and will commence
generation in December of this year.  A strategic alliance has also been
formed with a major group in El Salvador to participate in the privatization
program which is about to commence.

    Construction and Property Development
    Awards of new contracts to our construction companies continue to be below
expectations in the Eastern Caribbean, but above expectations in Cayman.
Opportunities for expansion of the geographical spread of activities are now
being evaluated in the Guatemalan region close to Belize, and this should lead
to useful new business.
    Construction of our marketing village at Leeward continues to be on
schedule, and this facility is scheduled to open in July of this year.  A
partnership agreement has been entered into with a major Canadian housing
developer to build on 24 lots within the Estate.  Construction is programmed
to commence in September of this year.

    Agro-processing and distribution
    Numar continues to perform above expectations, with steady growth in the
domestic Costa Rican market and strong growth in the export markets -- both
for refined and packaged products, and in Numar's palm oil seed markets.
    A very strong full year contribution is expected.  Numar's strong cash
flow continues to reduce borrowings on an accelerated schedule, fueling
significant reductions in financing costs.
    Belize Food Holdings expects to commission its freeze concentrate plant in
late March on schedule, and this will provide future stimulus to earnings from
the premium existing in the market for this product.  In particular, we expect
strong demand from the Asian markets.
    BHI Corporation is focused on growth opportunities in the emerging markets
of Central America and in the Caribbean, and offers investors a unique
opportunity to participate in the Region's potential.  The Company's principal
business is banking and financial services, and it makes strategic investments
in growth industries including telecommunications, power generation, agro-
processing and distribution, taking advantage of the Region's increasing
political stability, growing commercial integration, and emphasis on
privatization of industry.

    BHI prepares its financial statements in US dollars and in accordance with
US GAAP.

    FORWARD LOOKING STATEMENT

    Certain statements in this press release constitute "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995.  In particular, statements contained herein regarding expectations
with respect to future revenue and business expansion, are subject to known
and unknown risks, uncertainties and contingencies, many of which are beyond
the control of BHI, which may cause actual results, performance or
achievements to differ materially from anticipated results, including, among
others, overall economic and business conditions, the demand for BHI's
services, competitive factors, regulatory approvals and the uncertainty of
consummation of future acquisitions.  Additional factors which may affect
BHI's business and performance are set forth in BHI's filings with the
Securities and Exchange Commission.

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