Petitions to Transfer Business

In The High Court Of Justice	Claim No: 5852 of 2004
CHANCERY DIVISION
COMPANIES COURT
In the Matter of

PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

and In the Matter of

(1)	Samsung Insurance Company of Europe			Limited
(2)	landmark Insurance Company Limited

Applicants

Take notice that, on 23rd September 2004, an application was made to the High Court, under section 107 of the Financial Services and Markets Act 2000 (the “Act”) and pursuant to the Regulations made under the Act, for ( inter alia ) an order under section 111(1) of the Act sanctioning a scheme (the “Scheme”) for the transfer of the business of Samsung Insurance Company of Europe Limited (“SICE”) to Landmark Insurance Company Limited (“Landmark”), together with such orders, including ancillary orders pursuant to section 112 of the Act, as shall be thought fit. SICE and Landmark have agreed that SICE will transfer to Landmark all its assets and liabilities other than certain excluded assets and liabilities, which will be retained by SICE, and that all general insurance business effected by or on behalf of SICE and all reinsurance taken out, and all related property, rights, undertakings and assets will vest in Landmark accordingly.

The application (Claim No. 5852 of 2004) will be heard on 18th November 2004 before the Applications Judge at the Royal Courts of Justice, Strand, London, WC2A 2LL. Any person, including any employee of any of the two companies, who alleges that he would be adversely affected by the carrying out of the Scheme is entitled to be heard (either personally or through counsel) on the application. Any person who intends so to appear should give not less than 2 clear days’ notice in writing of such intention and of the reasons therefore to the solicitors named below.

A copy of the report on the terms of the Scheme (the “ Scheme Report ”), prepared by an independent expert in accordance with section 109 of the Act and a statement setting out the terms of the Scheme (including a summary of the Scheme Report) may be obtained, free of charge, from Nicola Ramsey at Landmark Insurance Company Limited, AIG Building, 58 Fenchurch Street, London, EC3M 4AB, during normal office hours (telephone: 020 7954 7000; fax: 020 7954 8605).

Norton Rose

Kempson House, Camomile Street, London EC3A 7AN

Ref: AA58797/MAR

Solicitors to the Applicants