The London P&I Club is the trading name of The London Steam-Ship Owners' Mutual Insurance Association Limited and its subsidiary The London P&I Insurance Company (Europe) Limited. The London Steam-Ship Owners' Mutual Insurance Association Limited. Registered in England No 10341. Registered Office: 50 Leman Street, London, E1 8HQ. The London P&I Insurance Company (Europe) Limited, a private limited liability company registered in Cyprus, No HE410091. Registered Office: Esperidon 5, 4th Floor, Strovolos, 2001, Nicosia. 24 May 2022 TO ALL MEMBERS Dear Sir or Madam Paperless Trading (Electronic Trading Systems) - Update to E-TITLE – cancellation of R3 ownership E-TITLE retains ownership Members are referred to the Circular (5.597) dated 24 September 2021 regarding E-TITLE. The Club had previously notified Members of the change in ownership of E-TITLE electronic trading system and its underlying legal framework to R3. Members were also notified of the following: (1) the change in trading name of the E-TITLE electronic trading system to Corda eBL; and (2) how the Corda eBL software was to operate. The agreement between R3 and E-TITLE has dissolved, and ownership of the legal framework has reverted back to E-TITLE. In accordance with this change, the trading name will also revert back from Corda eBL to E-TITLE electronic trading system. E-TITLE approved entity status retained E-TITLE retains its approved status within the International Group. For further information on the system offered by E-TITLE, Members are referred to Circular (5.517) dated 26 October 2015 regarding E-TITLE. All Clubs in the International Group have issued a similarly worded circular. Yours faithfully A BILBROUGH & CO LTD (MANAGERS) 5:605