At its meeting on April 7th 2005 the Board of Directors made the following decisions in respect of the open policy years:

2002/2003
To close this year without any supplementary call.

2003/2004
The result for the year is anticipated to reach a technical breakeven. No supplementary call is predicted at present. It is anticipated to close this year in the spring of 2006. The release call is maintained at 25%.

2004/2005
The release call for this year is maintained at 25 %. It is too early to comment on the development of this year.

The target at the renewal for 2005/2006 was set to achieve a 0 % supplementary call. The release call for this policy year is set at 25 %.

Yours sincerely,The Swedish ClubFrans Malmros