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MAM-2.3.1

Without prejudice to section MAM-2.1, where:

(a) A person who is not a Permanent Insider (referred to in this section as the insider) possesses information that is not disclosed widely enough; and
(b) The insider knows that:
(i) The information is not disclosed widely enough; and
(ii) If it were disclosed widely enough, it might have a material effect on the price or value of those securities;

rules MAM-2.3.2 and MAM-2.3.3 shall apply.

November 2010