In the High Court of Justice (Chancery Division)

Companies Court No 5330 of 2007

In the Matter of

GENERALI ASSURANCES GéNéRALES

Previous Name of Company: Swiss Union General Insurance Company.

and

In the Matter of

CITY GENERAL INSURANCE COMPANY LIMITED

and in the Matter of

The Financial Services and Markets Act 2000

Notice is hereby given that by application dated 25 July 2007, City General Insurance Company Limited (“City General”) applied to the High Court of Justice of England and Wales, for ( inter alia) an Order under section 111(1) of the Financial Services and Markets Act 2000 (the “Act”) sanctioning an insurance business transfer scheme (the “Scheme”) providing for the transfer of insurance business by Generali Assurances Générales (the “Transferor”) and for an Order making provision under section 112 of the Act.

The business included in the Transfer is the insurance and reinsurance business written by the Transferor in the United Kingdom between 1 January 1956 and 17 March 1970, with the exception of certain policies details of which are included in the statement setting out the terms of the Scheme referred to below.

Copies of a report on the terms of the Scheme prepared by an independent expert in accordance with section 109 of the Act (the “Scheme Report”) and copies of a statement setting out the terms of the Scheme and containing a summary of the Scheme Report may be obtained, free of charge, from City General, c/o Ruxley Ventures Limited, 150 Minories, London EC3N 1LS, during normal office hours (Ref Scot Ramsay), facsimile +44 (0) 20 7347 5011, email scot.ramsay@ruxleyventures.com or may be downloaded from the website www.citygeneral.co.uk.

The application will be heard on 11 October 2007 before the Applications Judge at the Royal Courts of Justice, Strand, London WC2A 2LL. Any person (including an employee of City General or the Transferor) who alleges that he or she would be adversely affected by the carrying out of the Scheme may appear at the time of the hearing in person or by Counsel. Any person who intends so to appear and any policyholder who dissents from the Scheme but does not intend to appear is requested to give written notice not less than 2 clear business days prior to the hearing of such intention or dissent and of the reasons for it to the Solicitors named below.

Clyde & Co, 51 Eastcheap, London EC3M 1JP. Solicitors to City General (Ref JQS/GEQ/0600312.)