TO THE MEMBERS AND CORRESPONDENTS

Dear Sirs

CHANGE OF OFFICE NAMES IN ASIA-PACIFIC

Some of the managers' offices in Asia and Australia are undergoing name changes to bring them into line with practice elsewhere and make it clear to Members, correspondents and suppliers that all are part of the Club's network. From 1st July 2000, Transport Services Asia Ltd, Hong Kong will become Thomas Miller (Hong Kong) Ltd. At the same time, Transport Mutual Services (Taiwan) Ltd becomes Thomas Miller (Taiwan) Ltd and on 1st Sept, Transport Mutual Services Pty Ltd in Sydney becomes Thomas Miller (Australasia) Pty Ltd. The Singapore office will naturally remain Thomas Miller (South-East Asia) Pte Ltd.

Yours faithfully

THOMAS MILLER (BERMUDA) LTD