TIDM51EN

United Kingdom Mutual Steam Ship As

25 February 2016

News release

25 February 2016

Britannia and UK P&I Clubs in merger discussions

The boards of the Britannia Club and the UK P&I Club, two of the oldest P&I clubs in the

world, respective leaders in their field and strong supporters of mutuality, announce they are in merger discussions. The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective

Memberships. Ultimately, the decision on whether to proceed with a merger will be decided

by the Members at Special General Meetings to be convened later in the year.

The talks are concurrent with discussions between their managers, Thomas Miller and

Tindall Riley, both leading international providers of insurance and professional services, which would also lead to a merger of the respective businesses should the Clubs decide to merge.

Further announcements will be made at the appropriate time.

   -     End    -

For further information, please contact:

Roland Cross / Gareth David / Carolyn Monchouguy - Four Broadgate

+44 (0) 20 3697 4200

UKP&IClub@fourbroadgate.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAPGURPPUPQGMA

(END) Dow Jones Newswires

February 25, 2016 12:37 ET (17:37 GMT)

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