CP Ships Ltd. - Common Stock

NYSE: TEU

Cusip # 22409V102

Contra-Cusip #: 224SMK993

Updated on: 1/20/2004

* * *  OFFER EXTENDED  * * *

*** OFFER TO PURCHASE ***

SMK Information Service has extended its offer to purchase shares of CP Ships LTD common stock (Cusip # 22409V102) (NYSE: TEU) from holders of 1 or more shares, but fewer than 100 shares (1 - 99), held as of the record date 11/16/2001. 

TERMS: Holders will receive the price per share determined at the close of business on the date of transfer less a processing fee of $1.00 per share. 

This offer will expire on 4/30/2004 (5:00 PM Eastern Time Zone). There is no protect period or withdrawal privilege available. 

A maximum number of 15000 shares per week will be accepted on a first come basis, any shares exceeding this number will be carried over to the following week. SMK Information Services reserves the rights to extend, amend, and/or terminate the program at any time with or without notice, as well as the right to reject or waive any irregularities of any transmittal not in proper order.