Circular to all members At the Annual General Meeting of Assuranceforeningen Skuld (Gjensidig) held in Oslo, Norway on 5 September 2019, members and clients received reports on matters of importance to the Association’s business and annual elections were held. 1. 2018/19 Financial Year The Financial Statements of the Association for the year ending 20 February 2019 were approved by the Annual General Meeting. 2. Review of Policy Years 2016 Policy Year: The AGM decided to close the 2016 policy year without supplementary calls. 2017 Policy Year: The year will be kept open until 2020. 2018 Policy Year: The year will be kept open until 2021. Release Calls (applicable as of 5 September 2019) 2016: Closed 2017: Release call reduced to 3% 2018: Release call reduced to 7.5% 2019: 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 1.3.4. a) The following were elected as new members for a one-year period until the Annual General Meeting in 2020: Frank Bodin Total, Courbevoie, France Michael G. Gialouris Olympic, Athens, Greece Ralph S. Juhl Hafnia Tankers, Denmark and Singapore Nicole Malbrough Edison Chouest Offshore, Louisiana, USA Francois Rogivue Cargill International SA, Geneva, Switzerland Marthe Romskoug WWL, Lysaker, Norway b) The following was re-elected as President of the Committee for a one-year period until the Annual General Meeting 2020: Ulrich Niebusch German Tanker Shipping GmbH & Co., Bremen, Germany c) The following was re-elected as Vice President of the Committee for a one-year period until the Annual General Meeting 2020: Odd-Christian Krohn Fred. Olsen Insurance Services AS, Oslo, Norway d) The following had resigned from the Members' Committee: Eivind Holte Saga Shipholding (Norway) AS, Nøtterøy, Norway Øistein Dahl Golar, Oslo, Norway Leon S Patitsas Atlas Maritim