• The Resolutions for consideration at the SGM on 19th January 2009 (ref Circular 17/08) were passed.

Dear Sirs

At the Special General Meeting held on 19th January 2009 in Bermuda, the proposed amendments to

the Rules and the Bye-Laws of the Club were approved. The Resolutions as set out in the Notice of

Meeting attached to Circular 17/08 were passed.

The amendments to the Rules will come into effect from 12 noon Greenwich Mean Time on

20th February 2009. The amendments to the Bye-Laws came into effect on 19th January 2009.

Yours faithfully

• Members requiring further information should contact Chao Wu at chao.wu@thomasmiller.com or telephone +44 20 7204 2157.