TO THE MEMBERS

Dear Sirs

SPECIAL GENERAL MEETING -PROPOSED AMENDMENTS TO CLUB RULES

Please find enclosed papers for a Special General Meeting to be held on 14th January 2008 in Bermuda, for the purpose of considering amendments to the Rules of the Club.

A Proxy Form and Schedule of Votes are enclosed in respect of the resolution contained in the Notice of Meeting. Please note that the completed form must reach the Secretary by mail or fax (+1 441 292 3694) at the latest 12 hours before the Meeting.

Yours faithfully

THOMAS MILLER (BERMUDA) LTD.

CONTACT

• Members with any questions regarding this circular are requested to contact Chao Wu on chao.wu@thomasmiller.com or telephone +44 20 7204 2157.