1. 1 Nick Prettejohn Glasgow 5th October

2. 2 Premiums Trust Funds Funds at Lloyd’s Central Fund Premiums Trust Funds Funds at Lloyd’s Other Personal Wealth corporate membersindividual members end 2000 £m £10,635 £7,324 £212 £323 +insurance +callable layer Lloyd’s chain of security

3. 3 Central Fund Cash (£100m) Either can ‘drop down’ to replenish deductible Swiss Re A++ ERC A++ St Paul A+ Hannover Re A+ XL A+ Chubb A++ 32.5% 20% 15% 10% 2.5% Insurance (1/1/99 to 31/12/03) (£350m xs £100m any one year; £500m 5-year aggregate)¹ Cash (£223m ) Callable (£300m) ¹Central Fund Insurance Premium: £15.75m

4. 4 Developments LMP 2001 Ins-sure Distribution

5. 5

6. 6 Nick Prettejohn Glasgow 5th October