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EAGLE STAR B.A.T. ~i~s PIc, Windsu~ Huuse, ~: ~ 50 ViCtoria 2~.~d January., 1992 S,n_H 0NL. Dear I attach the quarterly split of ~ i9S2 budget f~ Eagle S'~ar Yours sincerely, BAT Industries document for Mayo Clinic 19 June 2002

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BUDGET 1992 QUARTERLY ANALYSIS UNDERWRITING RESULT BEFORE AIR INVESTMENT RETURN SHAREHOLDERS LONG TERM PROFIT TRANSFER GRESHAM INVESTMENT TRUST DEFICIT BEFORE TAX TAXATION PROFIT AFTER TAXATION MINORITY INTERESTS PROFIT AI-i'RIBUTABLE TO SHAREHOLDERS TRANSFER TO CAPITAL RESERVES DISTRIBUTABLE PROFIT DIVIDENDS BALANCE RETAINED C~c. 3 ~ (3t.r~ ~ '~ 0 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS (104) (185) (251) (310) 57 115 172 232 ~r,.) 16 32 48 64 2 4 6 8 (2.~) (34) (25) (2) (3) (5) (6) (6) (31) (37) (30) (12) ............ _(_~) ............ _L2} _(3_)_ (~ (32) (39) (33) (16) _.~_s)_ .......... (~?) .(EeL (lO3) (5~) (91) (111) (119) o o .(40) (40)

BUDGET 1992 QUAR'FERLY SPLIT INVESTMENT ilE IUllN 3 MONTItS 6 MONIItS CAPITAL APPRECIATION: REALISED GAINS UNREALISED GAINS EXCHANGE TOTAL CAPITAL APPRECIATION DEFERRED INVESTMENT GAINS SMOOTHED APPRECIATION INVESTMENT INCOME EXPENSES ASSOCIATED C OMPANIES TOTAL INVESTMENT RETURN DISCOUNTING TRANSFER 9 MONTIIS 12 MONI US 49.0 98.0 1,1.7.0 40.0 0..0 14z.0 196.0 ..... _(2_3___0) ......... (4~.:o_L_ ........ (~_g_._o) .......... (9_~._o) 26.0 52.0 70.0 103,0 47.0 04.0 |4|.0 191,0 (6.0) (12.0) (18.0) (24.0) - 1.0 1,0 2 67.0 1,35.0 202.0 272.0 (!P..,_eL__ ......... (2_o_.0_) ......... 1~0:0_) .....~._o) 57.0 11S.O 172.0 232.0 DIG TRANSFER 1988 6.4 12.8 1989 13.1 26.3 1990 (I 2.5) (24.9) 1991 9.3 18.5 ............. (z~,.,.!} .. (4:~, 0_.. CAPITAL APPRECIATION DIG 198t! 127. !'~ 2!;. 1989 2(i2.4 1990 (249.1) (49. 1991 1fl5.0 65.2 19.1 25.5 39.4 52.5 (37.4) (49.8) 27.8 37.0 (t ~7:~) (lSe:.~) U~7) ....

BUDGET 1992 QUARTERLY ANALYSIS LIFE NEW BUSINESS - ANNUAL INTERNATIONAL UK EPF 3 MON :-HS 6 MONTHS 9 MONTHS 12 MONTHS 15.7 36.7 57.3 79.6 18.8 38.5 57.3 78.7 34.5 75.2 114.6 158.3 N~mN BUSINESS - SINGLE INTERNATIONAL 25.2 53.3 80.8 i C8.6 UK 50.5 103.9 157.2 217.2 EPF 6.5 13.0 19.5 26.0 82.2 170.2 257.5 35 I. 8 NEW BUSINESS - TOTAL INTERNATIONAL 40.9 90.0 138. I ", 88.2 UK 69.3 142.4 214.5 295, 9 EPF 6.5 13.0 19.5 26,0 116.7 245.4 372.1 510.1 NET PREMIUM INCOME INTERNATIONAL UK EFF GROSS PREMIUM INCOME INTERNATIONAL UK EPF 84.4 178.0 269.1 369.9 21.0 242.0 363.0 4S4.0 6.5 13.0 19.5 2~_0 211.9 433.0 651.6 87,9.9 86.0 181.3 274.0 376.7 121.0 242.0 363.0 ~84..0 6.5 13.0 19.5 26.0 213.5 436.3 656.5 ~86.7 UNIT TRUSTS 4.7 9.5 14.3 : 9.3 GENERAL PREMIUM INCOME GROSS WRITTEN PREMIUMS NET WRITTEN PREMIUMS z.98.1 1~039.3 1~516.0 1.£64.5 ,/ Z-45.1 927.7 ..... 1,356.4 1,757.8. BAT Industries document for Mayo Clinic 19 June 2002

GHQ QUARTERLY BUDGET SPLIT - 1992 DISCRETE QUARTERS TRADING PROFIT 19 29 39 4Q 6 6 6 6 EXTERNAL INT REC'D EXTERNAL IN] PAID ULS SW FR E STAR A. DUNBAR BATCAP / B&W CP BATCAP / B&W MTN BATCAP / BATIF CP UK MM SWAPS TOTAL TOTAL 24 I/CO INTEREST PAID BATCO HITCO TOTAL I/CO INTEREST REC'D B&W 0 0 0 0 0 9,61 9.61 9,61 9.61 38.44 0.55 0.55 0.55 0.55 2.2 4.31 4.16 4,16 4 16.63 0.33 O.31 0.3 0.3 1,24 14 12.48 12,44 11.69 50.61 2.64 4.11 5.52 6.94 lg.21 2.76 2.46 2.71 2.71 10.64 11.05 14,12 10.42 2,6 38.19 5.8 -4.7 fi 9 --5 3 51.05 43.1 52.61 :~.4 180.16 TAX 8 16.7 26.8 38.4 3. 35 6.70 10.05 13.44 11,35 23.40 38.65 51.84 46.81 92.54 139 .("~3 187.51 0 38.4 13.44 51.84 CUMULATIVE 19 6 0 9.61 0,55 4.31 0.33 14 2.64 2,76 11.05 5.8 51.05 12 CHECK 3Q 4Q TOTAL 18 24 0 0 0 0 0 19,22 28.83 38.44 0 1.1 1,65 2.2 0 8.47 12.63 16.63 0 0.64 0,94 1.24 0 26.48 38.92 50.61 0 6.75 12,27 19,21 0 5.22 7.93 10.64 0 25.17 35.59 38.19 0 1.1 8 ;3 0 94.15 146.76 180.16 0