Ark Syndicate Management Limited has advised us of updated forecasts for Syndicate 4020 and its Special Purpose Reinsurance Syndicate 6105 as at 31 March 2013 as follows

Syndicate 4020

Year of account

Current Forecast

Range

Previous Forecast

Range

2011

5.5% to 10.5%

5.5% to 10.5%

2012

3.9% to 8.9%

n/a

Syndicate 6105

Year of account

Current Forecast

Range

Previous Forecast

Range

2011

5.5% to 10.5%

5.5% to 10.5%

2012

3.5% to 8.5%

n/a