Invitation To Lodge A Claim: Time Limits To Be Observed

PricewaterhouseCoopers LLP
Plumtree Court
London EC4A 4HT
Telephone +44 (0) 20 7583 5000
Facsimile + 44 (0) 20 7804 5203
Direct Phone +44 (0) 20 7804 8203
INVITATION TO LODGE A CLAIM: TIME LIMITS TO BE OBSERVED www.pwc.com/uk
To all known Creditors, Policyholders and Brokers
5 July 2006
THIS LETTER AND ITS ENCLOSURES ARE IMPORTANT AND REQUIRE YOUR IMMEDIATE
ATTENTION. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU
SHOULD CONSULT YOUR BROKER OR OTHER PROFESSIONAL ADVISER WITHOUT
DELAY.
Dear Sirs
AA Mutual International Insurance Company Limited

(In Administration and Scheme of Arrangement)
I am pleased to advise you that at Meetings of Scheme Creditors held on 26 April 2006 the
Scheme Creditors of AA Mutual International Insurance Company Limited voted overwhelmingly in
favour of the insolvent Scheme of Arrangement (“the Scheme”). A full copy of the Scheme
document is available to download from the website located at www.pwc.com/uk/aamii. Should
you require a paper copy of the Scheme document, please contact Caroline Turnbull at the above
address. For the sake of consistency, defined terms used in the Scheme are also used in this
letter.
It came to the attention of the Administrators shortly before the Meetings of Scheme Creditors that
there is an inconsistency between the Explanatory Statement and the Scheme, in that the
Explanatory Statement states that “no Claim by a Scheme Creditor shall take into account matters
arising, or claims reported, or events occurring after the Ascertainment Date” which is 30 June
2004, and the Scheme does not (the full details are contained in the first sentence of the second
paragraph at section 11 on page 22 of the Explanatory Statement).
In the circumstances, the Administrators have decided that this sentence is not appropriate and
have therefore decided to remove this sentence from the Scheme documentation. This amendment
was drawn to the attention of the Scheme Creditors who attended the Meetings of Scheme
Creditors and also the Court at the sanction hearing.
The Scheme was subsequently sanctioned by the High Court and became effective on
22 June 2006 (“the Effective Date”). A copy of the notice of the Effective Date is enclosed for your
ease of reference. Nigel Rackham and Dan Schwarzmann have been appointed Scheme
Administrators. Please note that all Scheme Creditors are now bound by the provisions of the
Scheme.
PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of PricewaterhouseCoopers LLP is 1 Embankment Place,
London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Services Authority for designated investment business.
What should Scheme Creditors do now?
In accordance with the terms of the Scheme, Scheme Creditors must now complete and submit a
Claim Form so as to reach the Scheme Administrators on or before the Final Claims Submission
Date.
The Final Claims Submission Date is 23:59 London time on 23 October 2006. If a Scheme
Creditor fails to submit a properly completed Claim Form so as to reach the Scheme
Administrators by the Final Claims Submission Date, his Claim, if any, will be valued at zero.
Scheme Creditors who submitted a Voting Form at the Meetings of Scheme Creditors on 26 April
2006 had the opportunity to elect for the information provided on their Voting Form to constitute the
basis of their Claim in the Scheme. If you made such an election then your Voting Form will be
used as your Claim Form and you are not required to submit a separate Claim Form in order to
make a Claim in the Scheme.
A copy of the Claim Form is enclosed with this letter for your convenience, however further copies
may be downloaded from the website www.pwc.com/uk/aamii or requested from the Joint Scheme
Administrators at the above address. Please read the instructions carefully when completing your
Claim Form.
Please note that under the terms of the Scheme, all claims must be converted into either US
Dollars or GBP using the rates of exchange set out in the currency conversion table enclosed with
this letter. If your claim is in a currency not shown in the table, please contact the Joint Scheme
Administrators at the above address.
Correspondence
All correspondence should be addressed to AA Mutual International Insurance Company Limited,
c/o PricewaterhouseCoopers LLP, Plumtree Court, London EC4A 4HT and marked for the attention
of Caroline Turnbull.
Should you have any queries regarding this letter or the action you are required to take, please
contact Caroline Turnbull at the above address, or via e-mail at caroline.j.turnbull@uk.pwc.com.
Yours faithfully
for and on behalf of AA Mutual International Insurance Company Limited
D N Rackham
Joint Scheme Administrator
Enclosures 3
Nigel Rackham and Dan Schwarzmann have been appointed as joint administrators of AA Mutual International Insurance
Company Limited to manage its affairs, business and property as its agents. Both are licensed to act as insolvency
practitioners by The Institute of Chartered Accountants in England and Wales.
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PricewaterhouseCoopers LLP

To all known Creditors, Policyholders and Brokers

AA Mutual International Insurance Company Limited

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