Clause 3

by deleting the word “and” at the end of paragraph (b); and

by deleting paragraph (c) and substituting the following paragraphs:“(c)notwithstanding paragraphs (a) and (b), any gains or profits derived by him by any exercise of a right or benefit to acquire shares in a company listed on the Stock Exchange of Singapore shall be the last done price on the listing date of the shares so acquired less the amount paid for such shares;

“the last done price on the listing date”, in relation to any shares referred to in paragraph (c), means the price of such shares in the open market at the last transaction on the date on which such shares are first listed on the Stock Exchange of Singapore after the acquisition of such shares by him; and

“shares” includes stocks.”.