23rd October 1997 TO ALL MEMBERS Dear Sirs, IGA RENEWAL THE CLUBS’ RESPONSE TO THE EUROPEAN COMMISSION’S STATEMENT OF OBJECTIONS As you may already know, the International Group of P&I Clubs has now formally replied to the European Commission’s Statement of Objections in a Response delivered to the European Commission on 16th September 1997. Attached to this circular is a summary of the position and of the arguments presented by the Clubs in reply to the Statement of Objections. The Managers will be pleased to provide a full copy of the Response to any Member who would like to review the details more fully. Yours faithfully, A.BILBROUGH & CO. LTD. (MANAGERS) 5:240