12 August 2003 TO ALL WAR RISKS MEMBERS Dear Sirs, Additional Premium Areas Please be advised that in accordance with the Association’s Rule 19.3 (Class 7 War Risks), the following amendments to the Additional Premium Areas will become effective from 24:00 hours GMT on 22nd August 2003. The following area is deleted: S) Indian Ports North of 18 degrees North, West of 73 degrees East; The following area is added: U) Nigeria and the Bakassi Peninsula The Additional Premium Areas will then read as follows: A) Persian or Arabian Gulf and adjacent waters including the Gulf of Oman North of 24 degrees North; B) Angola (including Cabinda); C) Israel; D) Lebanon; E) Libya (including Gulf of Sidra/Sirte); F) Eritrea; G) Somalia; H) Congo, Democratic Republic of (formerly Zaire); I) Liberia; J) Sri Lanka; K) Sierra Leone; L) Gulf of Aqaba and the Red Sea; M) Republic of Yemen; N) Pakistan; O) Oman; P) Syria; Q) Algeria; R) Egypt (including Suez Canal); S) Indonesia excluding transiting vessels; T) Ivory Coast; U) Nigeria and the Bakassi Peninsula. Yours faithfully A BILBROUGH & CO LTD (MANAGERS) 7:068