STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registered in England and Wales – Registration number 105461. PRA and FCA registration number 202548) MANAGERS: STEAMSHIP P&I MANAGEMENT LLP is an appointed representative of Steamship Insurance Management Services Limited which is authorised and regulated by the Financial Conduct Authority (Registered in England and Wales – Registration Number OC376859. FCA registration number 597046) Aquatical House, 39 Bell Lane, London, E1 7LU Tel + 44 20 7247 5490 Notice of General Meeting January 2023 To the Members Notice is hereby given that a General Meeting of the Members of Steamship Mutual Underwriting Association Limited will be held on Tuesday, 7 February 2023 at the Intercontinental Hotel, 80 Middle Road, Singapore at 09:00 hours. This meeting is being convened for the purpose of considering and, if thought fit, passing the following resolution: ORDINARY RESOLUTION THAT with effect from noon GMT on 20 February 2023 the amendments to the Rules of Class 1 (Protection and Indemnity) of the Association annexed hereto and marked “A” for identification be adopted. Explanation Regarding Resolution Explanatory notes for the proposed changes are set out in the annex hereto marked “A”. Club Circular: L.413 Yours faithfully, STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED General Meeting of the Members of Steamship Mutual Underwriting Association Limited A AMENDMENTS FOR 2023/24 TO THE RULES OF CLASS 1 PROTECTION AND INDEMNITY OF STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED In the table below, the proposed new wording is shown in bold and underlined and wording to be deleted is shown as [ xxx ]. Explanatory notes in italics have been provided for the proposed changes. Rule Text Comments 1 These Rules are subject to the Memorandum and Articles of Association of the Steamship Mutual Underwriting Association Limited, hereinafter referred to as ‘the Club’ Deletion of definition of the Club to be replaced with new definition under Rule 2 – see below for explanation. 2 Definitions Club References in these Rules to the “Club” shall be treated as references to the Steamship Mutual Underwriting Association Limited, save that references to the Club in Rule 47 shall be treated as references to the Steamship Mutual Underwriting Association Limited, the Managers as defined below, Steamship Mutual Underwriting Association (Europe) Limited, Steamship Mutual Underwriting Association (Bermuda) Limited, The Steamship Mutual Trust, and Steamship Mutual (Emergency) Limited, and in each case their respective branch offices and subsidiaries. An amendment to enable the provisions of Rule 47 to apply in circumstances where a sanction, prohibition or adverse action, or the risk thereof, arises in relation to another entity within the “Steamship Group”. The amendment would enable the insuring Club (in this case Steamship Mutual Underwriting Association Limited) to rely on Rule 47 in circumstances where the underlying insurance/ownership/management/operation/ charter or employment exposes those other entities to sanctions risks, but not the insuring Club itself. This amendment would address situations where there is a divergence in the sanctions that are applicable to different Steamship entities by reason of differences in domicile/place of operation; such situations have arisen in rel