26 April 2002 TO ALL MEMBERS Dear Sirs CLASS 5 PROTECTING & INDEMNITY SUPPLEMENTARY AND RELEASE CALLS At its meeting on 24 April 2002, the Committee reviewed the Supplementary and Release Calls position for each open year and reached the following decisions, reflecting the continued financial stability of the Class: 1999/2000 The Supplementary Call was levied in July 2000 at 40%, as originally estimated. The Release Call rate will remain at 20% and the year will remain open until October 2002. 2000/2001 The Supplementary Call was levied in July 2001 at 40%, as originally estimated. The Release Call rate will remain at 20% and the year will remain open until October 2003. 2001/2002 The Supplementary Call will be levied in July 2002 at 40% as originally estimated and will be payable in two instalments on 20 August 2002 and 20 October 2002. The Release Call rate will remain at 60% until the Supplementary Call has been levied when it will reduce to 20%. The year will remain open until October 2004. 2002/2003 The initial Supplementary Call estimate is set at 40% with the Release Call rate at 60% as advised in the Association’s Circular (5:307) of 4 December 2001. Yours faithfully A BILBROUGH & CO LTD (MANAGERS) 5:311