In the High Court of Justice (Chancery Division)

Companies Court No 5700 of 2010

In the Matter of

GENERAL STAR INTERNATIONAL INDEMNITY LTD.

and

In the Matter of

FARADAY REINSURANCE CO. LIMITED

and

In the Matter of

THE FINANCIAL SERVICES AND MARKETS ACT 2000

NOTICE IS HEREBY GIVEN that on 13 July 2010 General Star International Indemnity Ltd. ( “GSIIL” ) applied to the High Court of Justice for:

• 1 an Order under Part VII of the Financial Services and Markets Act 2000 (the “Act” ) sanctioning a scheme (the “Scheme” ) providing for the transfer to Faraday Reinsurance Co. Limited ( “FRE” ) of the entire business of GSIIL; and
• 2 an Order making ancillary provision in accordance with the implementation of the Scheme under Section 112 of the Act.

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

The application is directed to be heard before the Companies Court Judge at the Royal Courts of Justice, Strand, London WC2A 2LL on 9 November 2010 and any person (including any employee of GSIIL or FRE) who alleges that he or she would be adversely affected by the carrying out of the Scheme may appear at the time of that hearing in person or by Counsel or may submit representations in writing to the Court. Any person who intends so to appear or to make representations in writing and any insured or reinsured of GSIIL who objects to the Scheme but does not intend so to appear or to make representations in writing, is requested to give not less than two clear days’ prior notice in writing of such intention or objection, and the reasons therefor, to the solicitors named below.

Copies of a report on the terms of the Scheme prepared pursuant to Section 109 of the Act (the “Independent Expert’s Report” ) and a statement setting out the terms of the Scheme and containing a summary of the Independent Expert’s Report will be provided free of charge by the solicitors named below. These documents may also be accessed at the following web address: http://www.genre.com/partvii-gsiil.

DATED this 23rd day of August 2010

Hogan Lovells International LLP

Atlantic House

Holborn Viaduct

London EC1A 2FG

Tel: +44(0) 20 7296 2000

Fax: +44(0) 20 7296 2001

Ref: C1/JLS/TJG

Solicitors for General Star International Indemnity Ltd. and Faraday Reinsurance Co. Limited.