CA-1.1.6

Core capital shall consist of the sum of items (a) to (e) below, less the sum of items (f) to (h) below:

(a) Issued and fully paid ordinary shares (net of treasury shares);
(b) Share premium reserve;
(c) Preference shares;
(d) All disclosed reserves brought forward, that are audited and approved by the shareholders, in the form of legal, general and other reserves created by appropriations of retained earnings; and
(e) Retained earnings (losses) brought forward, including reviewed interim profits;

LESS:

(f) Goodwill;
(g) Current interim cumulative net losses; and
(h) Other deductions, as specified by the CBB.
Amended: October 2014
January 2013