Circular to all members At the Annual General Meeting of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited ("the Bermuda Association") held at Skuld’s offices in Hamilton, Bermuda and as video conference on 4 November 2020, members and clients received reports on matters of importance to the Bermuda Association’s business and annual elections were held. Financial Year 2020 The financial reports for the Bermuda Association for the year ending 20 February 2020 were approved by the Annual General Meeting. Elections Elected members of the Board of Directors of the Bermuda Association: Re-elected for a two-year period until 2022: Erik Hånell Manfredi Lefebvre d’Ovidio Terje Hj Michelsen Alexey Ostapenko  Re-elected for a one-year period until 2021: Bernt O. Bodal The following are not up for election until 2021: Klaus Kjærulff Catherine Cheung Martin Larsen Trygve Seglem John P. Tavlarios Ann-Marie Åström The Annual General Meeting of the Bermuda Association also re-elected Mr Klaus Kjærulff as Chairman of the Board for a period of one year until 2021. After the elections, the Board of Directors of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited comprises: Klaus Kjærulff, Chairman Bernt O. Bodal Catherine Cheung Erik Hånell Martin Larsen Manfredi Lefebvre D’Ovidio Terje Hj Michelsen Alexey Ostapenko Trygve Seglem John P. Tavlarios Ann-Marie Åström Yours faithfully, Ståle Hansen President and CEO Assuranceforeningen Skuld (Gjensidig)