Circular to all members At the Annual General Meeting of Assuranceforeningen Skuld (Gjensidig) held in Oslo, Norway on 3 September 2020, members and clients received reports on matters of importance in relation to the Association’s business. Furthermore, annual elections were held.   1. 2019/2020 Financial Year The Financial Statements of the Association for the year ending on 20 February 2020 were approved by the Annual General Meeting. 2. Review of Policy Years 2017 Policy Year: The AGM decided to close the 2017 policy year without supplementary calls. 2018 Policy Year: The year will be kept open until 2021. 2019 Policy Year: The year will be kept open until 2022. Release Calls (applicable as of 3 September 2020) 2017: Closed 2018: Release call reduced to 7.5% 2019: Release call reduced to 10% 2020: Release call maintained at 15% 3. Elections 3.1 Elected members of the Members' Committee of Assuranceforeningen Skuld (Gjensidig) The members of the Members' Committee are elected at the Annual General Meeting in accordance with Statute 1.3.3 and 1.4.1. a) The following persons were elected as new members/members for a one-year period until the Annual General Meeting in 2021: Nils Otto Bjørhovde Saga Shipholding (Norway) AS, Hong Kong / Norway Byoungil Kang G2 Ocean, Bergen, Norway Synnøve Seglem Knutsen OAS Shipping AS, Haugesund, Norway Michael Ippich Hartmann Schiffahrts GmbH & Co. KG, Leer, Germany b) The following person was re-elected as President of the Committee for a one-year period until the Annual General Meeting 2021: Ulrich Niebusch German Tanker Shipping GmbH & Co., Bremen, Germany c) The following person was re-elected as Vice President of the Committee for a one-year period until the Annual General Meeting 2021: Odd-Christian Krohn Fred. Olsen Insurance Services AS, Oslo, Norway d) The following persons had resigned from the Members' Committee: Achim Boehme (with our deepest condolences to his family) Lomar Shipping, Bremen, Germany Li Hua