At its meeting on March 22nd 2007 the Board of Directors made the following decisions in respect of the open policy years:

2004/2005

To close this year without any supplementary call.

2005/2006

The result for the year is stable and anticipated to reach a technical breakeven. No supplementary call is predicted at present. It is anticipated to close this year in the spring of 2008. The release call is reduced to 10%.

2006/2007

This year is showing a similar result as previous year and therefore no supplementary call is predicted. The release call for this year is maintained at 25%.

The target at the renewal for 2007/2008 was set to achieve a 0% supplementary call. The release call for this policy year is set at 25%.

Yours sincerely,
The Swedish Club
Frans Malmros