TO THE MEMBERS

Dear Sirs,

ANNUAL GENERAL MEETING - CORRECTION TO THE AGENDA

Reference is made to the Association's circular ref 14/99 concerning the Annual General Meeting. The Managers regret that the Detailed Agenda enclosed with the circular incorrectly refers in item 4 to the Report and Accounts for 1998. The item should instead read as follows:-

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4. Report and Accounts

Resolution to propose:

"That the Report and Accounts as audited and certified for the period ended 20th February, 1999 be and are hereby adopted."

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Yours faithfully

THOMAS MILLER (BERMUDA) LTD

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