Reduction of Capital

No 3884 of 2007

IN THE HIGH COURT OF JUSTICE

CHANCERY DIVISION

COMPANIES COURT

IN THE MATTER OF

BIMEH IRAN INSURANCE COMPANY (UK) LIMITED

and

IN THE MATTER OF THE COMPANIES ACT 1985

NOTICE IS HEREBY GIVEN that the Order of the High Court of Justice (Chancery Division) dated 4 July 2007 confirming the reduction of the capital of the above named Company from £48,600,000 divided into 48,600,000 ordinary shares of £1 each to £23,600,000 divided into 23,600,000 ordinary shares of £1 each was registered by the Registrar of Companies on 12 July 2007.

Dated: 20 July 2007.

CLYDE & CO LLP

51 Eastcheap, London EC3M 1JP.

Ref: HAT/JWO/0607078

Solicitors for the abovenamed Company.