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 SPIM 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) 155 Bishopsgate, Floor 6, London, EC2M 3TQ Tel + 44 20 7247 5490 Club Circular General Meeting of the Members of Steamship Mutual Underwriting Association Limited February 2026 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, 17 February 2026 at 155 Bishopsgate, Floor 6, London, EC2M 3TQ, at 1pm GMT. This meeting is being convened for the purpose of considering and, if thought fit, passing the following resolution: ORDINARY RESOLUTION THAT with effect from 12.00 noon GMT on Friday, 20 February 2026 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”. By Order of the Board Arjun Thawani, Secretary 3 February 2026 N.B. A Member who is entitled to attend and vote at the above Meeting is entitled to appoint a proxy to attend, speak and vote in his or her place using the attached Proxy Form. Yours faithfully, Steamship Mutual Underwriting Association Limited. Circular No. L.476 ANNEX A AMENDMENTS FOR 2026/2027 TO THE RULES OF CLASS 1 PROTECTION AND INDEMNITY OF STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED / STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION (EUROPE) LIMITED In the table below, 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 Explanatory Notes 2 Definitions Ship means any ship, boat, hydrofoil, hovercraft or other description of vessel (including a lighter, barge or similar vessel howsoever propelled but excluding (a) a unit or vessel constructed or adapted for the purpose of carrying out drilling operations in connection with oil or gas exploration or production, and (b) a fixed platform or fixed rig, and (c) a wing-in-ground craft) used or intended to be used for any purpose whatsoever in navigation or otherwise on, under, over or in water or any part of such ship, boat, hydrofoil, hovercraft or other description of vessel or any proportion of the tonnage thereof or any share therein, including any ship, boat, hydrofoil, hovercraft or other description of vessel under construction; An amendment to mirror the definition set out in the equivalent provision in the Pooling Agreement. 19 Hull Risks and Specialist Operations i ... ii Specialist Operations liabilities, costs or expenses incurred by a Member during the course of performing dredging, blasting, pile driving, well intervention, cable or pipe laying, construction, installation or maintenance work, core sampling, mining, depositing of spoil, power generation and decommissioning, the deployment, operation and recovery of pneumatic barriers, to the extent that su