OUTLINE

• The Resolutions for consideration at the SGM on 20th January 2011 (ref Circular 25/10) were passed.

TO THE MEMBERS

Dear Sirs

SPECIAL GENERAL MEETING REPORT

At the Special General Meeting held on 20th January 2011 in Bermuda, the proposed amendments to the Rules of the Club and the change of Auditors were approved. The Resolutions as set out in the Notice of Meeting attached to Circular 25/10 were passed.

The amendments to the Rules will come into effect at noon Greenwich Mean Time on 20th February 2011 and the appointment of the Auditors comes into immediate effect.

Yours faithfully

THOMAS MILLER (BERMUDA) LTD.CONTACT

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