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) Aquatical House, 39 Bell Lane, London, E1 7LU Tel + 44 20 7247 5490 Notice of General Meeting January 2024 To the Members Notice is hereby given that a General Meeting of the Members of Steamship Mutual Underwriting Association Limited will be held on will be held on Friday, 16 February 2024 at Aquatical House, 39 Bell Lane, London, E1 7LU 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 12pm GMT on Tuesday, 20 February 2024 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 31 January 2024 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. Club Circular: L.436 General Meeting of the Members of Steamship Mutual Underwriting Association Limited A PROPOSED AMENDMENTS FOR 2024/25 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. RuleText Comments 2Definitions 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 of Class 1 and Rule 23 of Class 2 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. The Class 2 rules incorporate their own Sanctions exclusion at Rule 23 which is on identical terms to Rule 47 of the Class 1 Rules. The purpose of this amendment is to clarify that the sanctions exclusion is intended to operate in the same way under both classes: where a sanction, prohibition or adverse action, or the risk thereof, arises in relation to an entity within the Steamship Group but not the insuring entity, the sanctions exclusions will apply nevertheless to the cover provided by the insuring entity. The specific reference to Rule 23 of Class 2 is intended to clarify that this is the position under Class 2 cover as well as Class 1. 19Hull Risks and Specialist Operations viiNon-Marine Personnel Liabilities, costs or expenses incurred by the Member in respect of any of the following