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) Paperless Trading June 2022 To the Members E-TITLE retains ownership Members are referred to Circular L.381 dated September 2021. 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 Authority Pte Ltd. In accordance with this change, the trading name will also revert back from Corda eBL to e-Title™. For the avoidance of doubt, the product which had been renamed Corda eBL has reverted to its original name, e-Title™ and therefore going forward anything named Corda eBL is no longer an approved 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 L.260 dated October 2015. All Clubs in the International Group have issued similar Circulars. Club Circular: L.396 Yours faithfully, STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED Paperless Trading Electronic Trading Systems Update to E-TITLE – cancellation of R3 ownership