• This circular provides details of the AGM of the Club in Bermuda on 26th October 2009 and the arrangements for voting by proxy.

Dear Sirs

The notice of the Annual General Meeting is given in the Directors' Report and Financial Statements for the year ended 20th February 2009.

The Agenda is enclosed.

A Proxy Form and Schedule of Votes are enclosed in respect of the resolutions in items 4, 5 and 6 of the Agenda. Please note the completed form must reach the Secretary at the latest 12 hours before the Annual General Meeting.

Nominations have been received for the election of seven new Directors, namely, Mr H. V. Franco, Mr S. L. Ghomri, Mr R. C. Gillett, Mr J. Liberty, Mr N. Mukae, Mr H. Takahashi and Mr R. D. Widdows. Details are contained in paragraph 5 of the Agenda.

Yours faithfully