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New Chairman for Bilbroughs

Maritime Activity Reports, Inc.

November 27, 2001

Graham Edmiston is to retire as chairman and chief executive of A Bilbrough & Co, managers of the London P&I Club, on February 20, 2002. Edmiston has been with Bilbroughs for 30 years, 27 of them as director. The directors, however, are pleased to announce that Edmiston will continue to be associated with Bilbroughs as a consultant. Edmiston will be succeeded as chairman and chief executive by Paul Hinton.

Hinton joined Bilbroughs in 1976, and was appointed a director in 1987.

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