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MAM-4.2.1

In order to be eligible for exemption under rule MAM-4.1.1, the stabilizing action taken must be in respect of an offer of securities where:

(a) The relevant securities are or are intended to be listed on a licensed exchange or on both a licensed exchange and an overseas securities exchange, as the case may be;
(b) The price stabilization scheme, the total value of securities and the maximum number of securities that the price stabilization manager can buy or sell are approved by the CBB at the time of permitting the issue or listing of relevant securities;
(c) The offer document states:
(i) That stabilizing action may be taken in respect of the relevant securities;
(ii) The maximum period during which stabilizing action may be taken;
(iii) The total nominal value or number, as the case may be, of the securities which are the subject of an over-allotment option, if applicable; and
(iv) The total nominal value or number, as the case may be, of the relevant securities that the stabilizing manager may buy to undertake stabilizing action, which shall not exceed the value or number approved by the CBB, as the case may be;
(d) A public announcement has been made, through the licensed exchange on which the relevant securities are or are intended to be listed, on the business day of that licensed exchange immediately following the closing date of the offer, stating:
(i) That such securities may be subject to stabilizing action;
(ii) The maximum period during which stabilizing action may be taken;
(iii) The total nominal value or number, as the case may be, of the securities which are the subject of an over-allotment option, if applicable; and
(iv) The total nominal value or number, as the case may be, of the relevant securities that the stabilizing manager may buy to undertake stabilizing action, which shall not exceed the value or number approved by the CBB, as the case may be; and
(e) The offer is on cash terms and is to be, is or has been, made at a specified price payable in any currency acceptable to the CBB.
November 2010