Exhibit 99.2



                   [LETTERHEAD OF W. P. STEWART & CO., LTD.]

                                                                   PRESS RELEASE

Contact:  Fred Ryan
telephone: 441.295.8585

15 May 2007
Hamilton, Bermuda



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


      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 +441-295-8585 (outside
the United States) or e-mail to IRINFO@wpstewart.com.