CLASS 5, THE PROTECTING AND INDEMNITY CLASS ____________________ NOTICE IS HEREBY GIVEN that a SEPARATE MEETING of the MEMBERS OF CLASS 5, THE PROTECTING AND INDEMNITY CLASS, of the Association will be held at THE NEW YORK PALACE HOTEL, 455 MADISON AVENUE, NEW YORK, NY 10022, UNITED STATES OF AMERICA at 12:10 hours on WEDNESDAY, 14th OCTOBER 2009, or as soon thereafter as the ANNUAL GENERAL MEETING called for that day is finished, for the purpose of amending the Rules. The following amendments together with such further amendments, if any, as may be proposed will be submitted for adoption with or without modification and with effect from noon G.M.T. on the 20th day of February 2010. [New wording is in bold. The explanatory notes in italics will not appear in the actual Rules.] RULE 1 INTRODUCTORY 1.1 In these Rules, unless the context requires otherwise: “Additional Call” means an additional call levied pursuant to Rule 32.4; “Advance Call” means an advance call levied pursuant to Rule 3 2.2; “Annual Call” means an annual call levied pursuant to Rule 32.2; “the Articles” means the Articles of Association of the Association in force from time to time; “the Association” means The London Steam-Ship Owners’ Mutual Insurance Association Limited, a company limited by guarantee registered in England under number 10341; “Assured” means a person whose application for insurance within this Class of any interest in a Ship has been accepted by the Association and includes, for the avoidance of doubt, a Coassured and Other Assured; “Call” means a call levied pursuant to these Rules; “Certificate of Entry” means a certificate issued by the Association pursuant to Rule 6; “Class” means a class of the Association and “this Class” means Class 5, the Protecting and Indemnity Class of the Association; “Co-assureds” means Assureds whose application for insurance of their respective interests in the same Ship has been accepted by the Association pursuant to Rule 23.1 and “Co-assured” shall be construed accordingly; “Committee” means the committee for the time being of the Association; “Convention Limit” has the meaning given in Rule 33.1.1; “Deferred Call” means a deferred call levied pursuant to Rule 32.3; “Electronic Communication” has the meaning given in the Electronic Communications Act 2000; “Endorsement Slip” means an endorsement slip issued by the Association pursuant to Rule 6.2; - 2 “Estimated Total Cost” has the meaning given in Rule 32.4; “Group General Excess Loss Contract” has the meaning given in Rule 33.1.1; “Group Reinsurance Limit” has the meaning given in Rule 33.1.1; “LSSO (Bermuda)” has the meaning given in Rule 5.1; “Managers” means the managers from time to time of the Association; “Member” means an Assured who is a member of the Association in accordance with the Companies Act 1985 and the Articles; “Memorandum” means the Memorandum of Association of the Association in force from time to time; “Other Assured” means a person to whom the benefit of an Assured’s insurance is agreed to be extended by the Association pursuant to Rule 23.3; “Overspill Call” has the meaning given in Rule 33.1.1; “Overspill Claim” has the meaning given in Rule 33.1.1; “Overspill Claim Date” has the meaning given in Rule 33.1.1; “Overspill Reserve” has the meaning given in Rule 33.1.1; “Policy Year” has the meaning given in Rule 2.2; “Pooling Agreement” has the meaning given in Rule 33.1.1; “Release Call” means a release call charged pursuant to Rule 36.1; “R