OUTLINE:

• The Resolution for consideration at the SGM on 15th January 2015 (ref Circular 15/14) was passed.

TO THE MEMBERS

Dear Sirs

SPECIAL GENERAL MEETING REPORT

At the Special General Meeting held on 15th January 2015 in Bermuda, the proposed amendments to the Rules of The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited (UK Europe) and of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UK Bermuda) were approved. The Resolution as set out in the Notice of Meeting attached to

Circular 15/14

was passed.

The amendments to the Rules of both UK Europe and UK Bermuda will come into effect at noon Greenwich Mean Time on 20th February 2015.

Yours faithfully

THOMAS MILLER (BERMUDA) LTD.

For more information:

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