PRO Insurance Solutions

GLM Pool

Notice of Final Implementation of Scheme of Arrangement

Notice has been given that the solvent schemes of arrangement in relation to the GLM Pool which were sanctioned at the High Court on 9 July 007 and became effective on 10 July 2007, have been finally implemented on 24 December 2008.

PRO in their capacity as Scheme managers gave written confirmation to each of the Scheme Companies that all Scheme Liabilities had been adjudicated or otherwise determined and all Established Liabilities have been paid in full (or deemed to have been satisfied in full) in accordance with the terms of the Solvent Scheme.