Petitions to Transfer Business

In the High Court of Justice

Chancery Division

Companies Court                No: 5035 of 2006

In the Matter of

HALLMARK INSURANCE COMPANY LIMITED

and

In the Matter of

THE NATIONAL INSURANCE AND GUARANTEE CORPORATION LIMITED

and

In the Matter of

PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

Notice is hereby given that on 14 July 2006 Hallmark Insurance Company Limited (formerly known as Hibernian Insurance UK Limited) (“ HICL ”) and The National Insurance and Guarantee Corporation Limited (“ NIG ”) applied to the High Court of Justice pursuant to section 107(1) of the Financial Services and Markets Act 2000 (“ FSMA ”) for an Order sanctioning an insurance business transfer scheme providing for the transfer of the general insurance business conducted by HICL to NIG (the “ Scheme ”).

Copies of a report on the terms of the Scheme prepared by an independent expert as required under section 109 of FSMA (the “ Scheme Report ”) and a statement setting out the terms of the Scheme and containing a summary of the Scheme Report can be obtained free of charge from the website at http://www.nig.com/media/press or by writing to Isabelle Hammond at Compliance Department, RBS Insurance, Floor Minus 1, Phase One, Churchill Court, Westmoreland Road, Bromley, Kent BR1 1DP or by emailing isabelle.hammond@rbs.co.uk.

The proposed transfer will result in the business carried on by HICL being carried on by NIG. The proposed transfer will result in the continuation by or against HICL of any legal proceedings by or against NIG that relate to rights and obligations in respect of the transferred business. All claims being dealt with before the transfer by HICL will, following the transfer, be dealt with by NIG. All claims arising after the transfer will be dealt with by NIG.

The application is directed to be heard before a Judge of the Chancery Division of the High Court of Justice at the Royal Courts of Justice, Strand, London WC2A 2LL on 25 September 2006. Any person who alleges that he or she would be adversely affected by the carrying out of the Scheme is entitled, under section 110 of FSMA, to be heard at the hearing and may appear either in person or by legal representative. Any person who intends to appear at the hearing, and any policyholder of HICL or NIG who dissents from the Scheme but does not intend so to appear, is requested to give not less than four clear days’ prior notice in writing of such intention or dissent (including the reasons for that intention or dissent) to the solicitors named below.

Dated 28 July 2006.

Pinsent Masons

Dashwood House, 69 Old Broad Street, London EC2M 1NR.

Fax:+44 (0)20 7418 7050

Ref: HICL/630038.07002

Solicitors for HICL and NIG