Image credit to: GreenOak's Images / Canva.com Circular to all members At the Annual General Meeting of Assuranceforeningen Skuld (Gjensidig) held in Oslo, Norway on 4 September 2025, members and clients received reports on matters of importance in relation to the Association’s business. Furthermore, annual elections were held. 1. 2024/2025 Financial Year The Financial Statements of the Association for the year ending on 20 February 2025 were approved by the Annual General Meeting. 2. Review of Policy Years 2022 Policy Year: The AGM decided to close the 2022 policy year without supplementary calls. 2023 Policy Year: The year will be kept open until 2026. 2024 Policy Year: The year will be kept open until 2027. Release Calls  (applicable as of 4 September 2025) 2022: Closed 2023: Release call reduced to 7.5% 2024: Release call reduced to 10% 2025: 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 2026: Marc Duck Eastern Pacific Shipping (UK) Ltd., London, UK LU Zhongzhi, William BG Shipping Co., Limited, Hong Kong XU Jie, Judith Gentco Logistics Co., Ltd., Shanghai b) The following person was re-elected as President of the Committee for a one-year period until the Annual General Meeting 2026: 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 2026: Odd-Christian Krohn Fred. Olsen & Co, Oslo, Norway d) The following person had resigned from the Members' Committee: Claire Jaunaux Total, Courbevoie, France Christopher McDade Seapeak Maritime, Glasgow, UK After the election, the Committee comprises