Donegal Mutual Insurance Co Watch

from SC 13D/A 1 page Plan of reorganization, merger, acquisition or similar

from SC 13D/A 1 page Sent by Federal Express Gregory M. Shepard 7028 Portmarnock Place Bradenton, Fl 34202 Dear Mr. Shepard, the Board of Directors of Donegal Mutual Insurance Company Has Reviewed the Proposal Outlined in Your Letter Dated August 2, 2013. the Board of Directors Is Unanimous in Determining That It Is Not in the Best Interests of Donegal Mutual Insurance Company, Its Policyholders and Other Constituencies for Donegal Mutual to Enter Into the Transaction Described in Your Proposal. Sincerely, /S/ Donald H. Nikolaus Donald H. Nikolaus President