Elite Insurance Company Limited (in Administration)

Important notice - Notice of Disclaimer and Practice Statement Letter (“PSL”)

We have contacted you because we believe you are, or may be, a creditor of Elite, or you are another party involved in the proposed Scheme of Arrangement ("Scheme") claim process for a claimant. Alternatively, you are a compensation scheme authority and have or may have a subrogated claim and therefore may be affected by the proposed Scheme between Elite and its direct insurance creditors.

In accordance with the Gibraltar Insolvency Act, the Joint Administrators have disclaimed all of Elite’s insurance policies, except for any UK policy where the policyholder is eligible for protection by the UK’s Financial Services Compensation Scheme ("FSCS"). A disclaimer means that the contract entered into with Elite by you or certain of your client(s), has been terminated with effect from the date of the Notice of Disclaimer.

Under the Gibraltar Insolvency Act, policyholders and any other person whose rights are affected by the disclaimer, can submit a claim in Elite’s Administration, and therefore in the Scheme, for any loss or damage sustained as a result of the disclaimer.

Further information on the Scheme and how it may affect you is set out below and in the PSL.

The Notice of Disclaimer and the PSL are linked below in English, Spanish, French and Italian. These are important documents, and you are advised to read them carefully.

Proposed Scheme of Arrangement page

Registration Form

Please register your details for further communication on the Scheme by completing the Registration Form at reg.ips-docs.com/Registration. Please enter code EliteScheme26 when prompted.