Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2007/8 Budget $ 2006/7 Forecast $ Revenue 34,741,262 30,263,264 Operating Expenses 34,608,800 30,428,263 Net Surplus/Deficit 132,462 (164,999) Balance Sheet As at 30 June 2008 $ As at 30 June 2007 $ Assets 11,081,982 9,302,154 Liabilities 10,497,733 9,350,368 Net Worth 584,248 (48,213) Statement of Cash Flows 2007/8 Budget $ 2006/7 Forecast $ Net cash flows from operating activities 801,673 1,920,761 Net cash flows from investing activities (59,000) (13,160) Net cash flows from financing activities 500,000 4,000,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2007/8 2008/9 Budget $ 2006/7 2007/8 Forecast $ Revenue 48,992,051 34,741,262 30,263,264 Operating Expenses 47,441,313 34,608,800 30,428,263 Net Surplus/Deficit 1,550,738 132,462 (164,999) Balance Sheet As at 30 June 2008 2009 $ As at 30 June 2007 2008 $ Assets 9,792,484 11,081,982 9,302,154 Liabilities 13,761,254 10,497,733 9,350,368 Net Worth (3,968,769) 584,248 (48,213) Statement of Cash Flows 2007/8 2008/9 Budget $ 2006/7 2007/8 Forecast $ Net cash flows from operating activities 4,143,274 801,673 1,920,761 Net cash flows from investing activities (59,00048,000) (13,16059,000) Net cash flows from financing activities 500,000 4,000,0001,500,000 500,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2007/8 Budget 2004/5 $ 2006/7 Forecast 2003/4 $ Revenue 34,741,262 30,263,264 16,733,385 504,161 Operating Expenses 34,608,800 30,428,263 (16,618,187) (1,683,751) Net Surplus/Deficit 132,462 115,198 (164,9991,179,590) Balance Sheet As at 30 June 2008 2005 $ As at 30 June 2007 2004 $ Assets 11,081,982 9,302,154 6,951,423 3,000,000 Liabilities 10,497,733 9,350,368 (2,736,225) 0 Net Worth 584,248 (48,213) 4,215,198 3,000,000 Statement of Cash Flows 2007/8 Budget 2004/5 $ 2006/7 Forecast 2003/4 $ Net cash flows from operating activities 801,673 1,920,761 2,851,423 (1,179,590) Net cash flows from investing activities 0 (59,000) (13,160250,000) Net cash flows from financing activities 500,000 4,000,0001,100,000 4,179,590

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2007/8 Budget $ 2006/7 2010/11 Target 2009/10 Forecast $ $ Revenue 34,741,262 30,263,264 3,357,625 3,231,487 Operating Expenses 34,608,800 30,428,263 (3,004,624) (3,166,749) Net Surplus/Deficit 132,462 (164,999) 353,001 64,738 Balance Sheet As at 30 June 2008 $ 2011 As at 30 June 2007 2010 $ $ Assets 11,081,982 9,302,154 44,278,970 40,604,407 Liabilities 10,497,733 9,350,368 38,301,925 34,980,363 Net Worth 584,248 (48,213) Statement of Cash Flows 2007/8 Budget $ 2006/7 Forecast $ 5,977,045 5,624,044 2010/11 2009/10 Net cash flows from operating activities 801,673 1,920,761 (2,292,114) (8,536,501) Net cash flows from investing activities (59,0002,400,000) (13,160) 1,600,938 Net cash flows from financing activities 500,000 4,000,0003,778,504 3,196,944

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2007/8 2011/12 Budget $ 2006/7 2010/11 Forecast $ Revenue 34,741,262 30,263,264 55,390,264 49,085,055 Operating Expenses 34,608,800 30,428,263 58,750,930 51,510,058 Net Surplus/Deficit 132,462 (164,9993,360,666) (2,425,003) Balance Sheet As at 30 June 2008 2011/12 Budget $ As at 30 June 2007 2011 $ Assets 11,081,982 9,302,154 13,938,977 17,940,667 Liabilities 10,497,733 9,350,368 8,644,201 9,285,225 Net Worth 584,248 (48,213) 5,294,776 8,655,442 Statement of Cash Flows 2007/8 2011/12 Budget $ 2006/7 2010/11 Forecast $ Net cash flows from operating activities 801,673 1,920,761 (2,752,839) (3,245,413) Net cash flows from investing activities (59,0003,000) (13,160734,528) Net cash flows from financing activities 500,000 4,000,0000 (1,424,712) 97 2011/12 Ownership Agreements

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2007/8 2010/11 Budget $ 2006/7 2009/10 Forecast $ $ Revenue 34,741,262 30,263,264 52,033,371 50,586,925 Operating Expenses 34,608,800 30,428,263 51,011,535 46,802,409 Net Surplus/Deficit 132,462 (164,999) Balance Sheet 1,021,836 3,784,516 As at 30 June 2008 $ As at 30 June 2007 $ Assets 11,081,982 9,302,154 27,112,252 26,769,580 Liabilities 10,497,733 9,350,368 14,731,393 13,985,846 Net Worth 584,248 (48,213) Statement of Cash Flows 2007/8 Budget $ 2006/7 Forecast $ 12,380,859 12,783,734 2010/11 2009/10 Net cash flows from operating activities 801,673 1,920,761 779,915 3,050,712 Net cash flows from investing activities (59,00016,000) (13,16014,581) Net cash flows from financing activities 500,000 4,000,000(1,424,712) -