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MAM-2.2.1

Without prejudice to rule MAM-2.1, where:

(a) A person who is a Permanent Insider to a company possesses information concerning that company that is not disclosed widely enough; and
(b) The Permanent Insider knows or ought reasonably to know 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 of that company;

rules MAM-2.2.2, MAM-2.2.3 AND MAM-2.2.4 shall apply.

November 2010