GAZETTE NOTICE NO. 1831

NOTICE is given of the intention of Saham Assurance Company Kenya Limited (Saham) incorporated in Kenya with registration number C.50050 whose address for the purpose hereof is L.R. 209/9335, Ecobank Towers, 16th Floor, Muindi Mbingu Street, Nairobi, Kenya and Mua Insurance (Kenya) Limited (Mua Kenya) incorporated in Kenya with registration number C.8550 whose address for the purpose hereof is 7th Floor, Mirage Tower 1, Waiyaki Way, Post Office Box Number 30129, Nairobi, Kenya, to apply to the Insurance Regulatory Authority for its approval pursuant to section 113 of the Insurance Act, Chapter 487 of the laws of Kenya, to the transfer by Saham to MUA Kenya with effect from the 31st December, 2019 (now past), of all those insurance policies issued by Saham in relation to its general insurance business subsisting at that date and the amalgamation of such policies into the general business of MUA Kenya (Amalgamation). Copies of a statement setting out the particulars of the proposed Amalgamation and a copy of the proposed portfolio transfer Agreement relating thereto as approved by the Insurance Regulatory Authority are available for inspection at the address of Saham, as stated above, the branches of Saham (at the addresses indicated below), Saham’s website at www.sahamassurance.co.ke, the Insurance Regulatory Authority’s offices (at the address indicated below) and Coulson Harney LLP (at the address indicated below) during normal business hours for a period of not less than thirty (30) days from the date of publication of this Notice. Take further notice that pursuant to the provisions of section 114 (1) (b) of the Insurance Act, Chapter 487 of the Laws of Kenya, the Insurance Regulatory Authority has directed that the parties need not send this notice to every affected policy holder and every other person who claims an interest in a policy included in the Amalgamation and who has given notice of such claim to either Saham or MUA Kenya, as the case may be. Any person (including a policyholder, shareholder, employee or director) who has reasonable grounds for believing that he/she/it would be adversely affected by the proposed Amalgamation is invited to write or make oral representations to the Insurance Regulatory Authority (at the address indicated below) within thirty (30) days of the publication of this Notice stating the grounds on which he/she/it believes he/she/it would be adversely affected by the carrying out of the proposed Amalgamation. Coulson Harney LLP, 5th Floor, West Wing, ICEA Lion Centre, Riverside Park, Chiromo Road, Nairobi, P.O. Box Number 10643– 00100, Nairobi, Kenya Saham Head Office: Ecobank Towers, 16th Floor, Muindi Mbingu Street, Nairobi, Kenya Branches: • Nakuru: Baraka Plaza, 1st Floor, along Kenyatta Avenue, Nakuru • Thika: Kigio Plaza, Kwame Nkrumah street/Cross Road, Thika • Mombasa: 1st Floor Zulfat Plaza, Dedan Kimathi Avenue, Mombasa Lawyers Coulson Harney LLP, 5th Floor, West Wing, ICEA Lion Centre, Riverside Park, Chiromo Road, Nairobi, P. O. Box Number 10643–00100, Nairobi, Kenya. Insurance Regulatory Authority, Zep-Re Place, 2nd Floor, Upper Hill, Nairobi, Kenya. PARAS SHAH, MR/1663609 Coulson Harney LLP.