Income Tax (Exemption of Foreign Income) (Consolidation) Order

Subject to the terms and conditions specified in the letter of approval dated 24th May 1988 issued to Woh Hup (Pte.) Ltd., there shall be exempt from tax income received in Singapore by the company out of profits derived from its contract dated 23rd August 1986 for the construction project in Bahrain.

Subject to the terms and conditions specified in the letter of approval dated 2nd July 1988 issued to Fujikura Asia Limited, there shall be exempt from tax dividends received in Singapore by the said company from approved investments in countries outside Singapore.

Subject to the terms and conditions specified in the letter of approval dated 1st October 1988 issued to Mainland Investors (Singapore) Pte. Ltd., there shall be exempt from tax income received in Singapore by the company out of profits derived from its contract dated 17th July 1987 for the construction project in the People’s Republic of China.

Omron Management Centre of Asia-Pacific Pte. Ltd. is hereby granted exemption from tax on dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 10th January 1989, addressed to the company.

Jurong Engineering Ltd. is hereby granted exemption from tax on the profits received in Singapore by the company from the approved contract amounts in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 23rd February 1989 addressed to the company.

Subject to the terms and conditions specified in the letter of approval dated 14th March 1989 issued to Suntec Investment Pte. Ltd., there shall be exempt from tax the income as specified therein.

Jurong Engineering Ltd is hereby granted exemption from tax on the profits received in Singapore by the company from the approved contracts in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 27th April 1989 addressed to the company.

Everbloom International Technology (Pte.) Ltd. is hereby granted exemption from tax on the incomes received in Singapore by the company from approved contracts in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 27th June 1989 addressed to the company.

FELS SES Investment Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from its investment in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 10th July 1989 addressed to the company.

Nexus Technology (S) Pte. Ltd. is hereby granted exemption from tax on the incomes received in Singapore by the Company from approved contracts in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 26th January 1989 addressed to the company.

Goodman Fielder Wattie Asia Ltd. is hereby granted exemption from tax on dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 12th July 1989 addressed to the company.

Singatronics Asset Holdings Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from its investment in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 26th September 1989 addressed to the company.

Subject to the terms and conditions specified in the letter of approval dated 2nd January 1990 issued to Suntec Investment Pte. Ltd., there shall be exempt from tax the income as specified therein.

Genisys Integrated Engineers Pte. Ltd. is hereby granted exemption from tax on the incomes received in Singapore by the company from approved contracts in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 19th January 1990 addressed to the company.

Genisys Integrated Engineers Pte. Ltd. is hereby granted exemption from tax on the income received in Singapore by the company from an approved contract in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 7th June 1990 addressed to the company.

TCE Audio Manufacturing Singapore Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from its investment in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 2nd July 1990 addressed to the company.

The following companies are hereby granted exemption from tax on the dividends received in Singapore by the companies from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the companies, respectively:CompanyDate of Letter of Approval(1)Dominion Textile International (Asia) Pte. Ltd. 7th November 1989.(2)Milk Products Holdings (SEA) Pte. Ltd. 11th December 1990.(3)Hitachi Asia Pte. Ltd. 16th April 1990.(4)GP Batteries International Pte. Ltd. 4th June 1990.

Genisys Integrated Engineers Pte. Ltd. is hereby granted exemption from tax on the income received in Singapore by the company from an approved contract in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 19th October 1990 addressed to the company.

Construction Technology Pte. Ltd. is hereby granted exemption from tax on the income received in Singapore by the company from an approved contract in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 8th November 1990 addressed to the company.

Prima Limited is hereby granted exemption from tax on the dividends received in Singapore by the company from its investment in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 23rd January 1991 addressed to the company.

Neste Singapore Holdings Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 3rd January 1991 addressed to the company.

Stelux Watch Holdings Limited is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 7th February 1991 addressed to the company.

Antara Koh Private Limited is hereby granted exemption from tax on the income received in Singapore by the company from an approved contract in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 16th March 1991 addressed to the company.

Toshiba Electronics Asia (Singapore) Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 15th March 1991 addressed to the company.

Jurong Engineering Limited is hereby granted exemption from tax on the income received in Singapore by the company from approved contracts in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 13th May 1991 addressed to the company.

The following companies are hereby granted exemption from income tax on the profits received in Singapore and derived from such businesses and activities outside Singapore, as are specified in the Ministry’s letter of approval dated 26th October 1991 addressed to Gold Coin Limited and subject to the conditions stated therein:(1) Gold Coin Limited;(2) Gold Coin Singapore Pte. Ltd; and

Vikay Industrial Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 15th November 1991 addressed to the company.

Subject to the terms and conditions specified in the letter of approval dated 25th September 1990 issued to Suntec Investment Pte. Ltd., there shall be exempt from tax the income as specified therein.

Rothschild Asia Pacific Pte. Limited is hereby granted exemption from income tax on the dividends received from its overseas subsidiaries, subject to the terms and conditions specified in the letter of approval dated 26th December 1991 addressed to the company.

Subject to the terms and conditions specified in the letter of approval dated 4th April 1992 addressed to Suntec Investment Pte. Ltd., there shall be exempt from tax the income as specified therein.

Morgan Grenfell Asia Holdings Pte Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 4th June 1992 addressed to the company.

Clipsal Industries Holdings Limited is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 10th June 1992 addressed to the company.

Subject to the terms and conditions specified in the letter of approval dated 13th August 1992 addressed to Suntec Investment Pte. Ltd., there shall be exempt from tax the income as specified therein.

Havelock Investments Pte. Ltd., Koala Investments Pte. Ltd. and Seletar Fund Investments Pte. Ltd., are hereby granted exemption from income tax on the dividends received from their overseas investments as specified in the letter of approval dated 22nd August 1992 addressed to Temasek Holdings (Private) Limited.

Singapore — Bintan Resort Holdings Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from its investment in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 29th May 1992 addressed to the company from the Economic Development Board.

Prima Limited is hereby granted exemption from tax on the income received in Singapore by the company from a country outside Singapore, subject to the terms and conditions specified in the letters of approval dated 19th March 1992 and 16th June 1992 addressed to the company.

DNT Singapore Pte. Ltd. is hereby granted exemption from tax on the income received in Singapore by the company from an approved contract in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 23rd February 1993 addressed to the company.

GE Pacific Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 31st October 1992 addressed to the company.

Assab Pacific Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 15th May 1991 addressed to the company.

International Factors (Singapore) Ltd. is hereby granted exemption from income tax on the dividends received from its overseas subsidiary, subject to the terms and conditions specified in the letter of approval dated 7th April 1993 addressed to the company.

Antara Koh Private Limited is hereby granted exemption from tax on the income received in Singapore by the company from an approved contract in a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 16th June 1993 addressed to the company.

Moet Hennessy Asia Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 7th September 1993 addressed to the company.

Dow Financial Holdings Singapore Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 28th August 1992 addressed to The Dow Chemical Company.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:Company.Date of Letter of Approval.(1)TDB Holdings Pte. Ltd. 16th July 1993.(2)Suntec Investment Pte. Ltd. 19th August 1993.(3)MSD Consultants Pte. Ltd. 1st April 1993 and 8th September 1993.(4)Prima Limited 20th September 1993.(5)Koala Investments Pte. Ltd. 1st October 1993.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Reda Pump Company (S) Pte Ltd 24th May 1993.(2)Keppel-UAE Investment Ltd and Keppel Corporation Limited 6th July 1993.(3)Natsteel Equity V Pte Ltd 20th July 1993.(4)AMS Precision Engineering Pte Ltd 16th September 1993.(5)Finlayson Fund Investments 11th October 1993.(6)P.L. International (Pte) Ltd 30th September 1993.(7)Havelock Investments Pte Ltd 11th October 1993 and 4th January 1994.(8)Seletar Investments Pte Ltd 4th January 1994.(9)Cambodiana Investment (S) Pte Ltd 14th April 1994. (10)Havelock Investments Pte. Ltd. 16th May 1994.(11)Singapore Telecom International Pte. Ltd. 20th June 1994.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Suntec Investment Pte. Ltd. 25th October 1994.(2)Polycore Optical Pte. Ltd. 28th December 1994.(3)P.L. International Pte. Ltd. 13th January 1995.(4)Goh Foundation Ltd. 4th May 1995.(5)AMS Precision Engineering Limited 8th May 1995.(6)Suntec Investment Pte. Ltd. 8th July 1995.(7)Information Technology Park Investments Pte. Ltd. 19th July 1995.

GPE Industries Limited is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 26th October 1995 addressed to the company.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Havelock Investment Pte Ltd 23rd January 1996.(2)Antara Koh Private Limited 24th April 1996.(3)MSD Consultants Private Limited 24th April 1996.

The following companies are hereby granted exemption from tax on the dividends received in Singapore by the companies from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Fuji Xerox Asia Pacific Pte. Ltd. 5th May 1992.(2)Ipco International Pte. Ltd. 10th June 1993.(3)BP Asia Pacific Pte. Ltd. 5th January 1994.(4)Danone Asia Pte. Ltd. 18th July 1994.(5)Foxboro Far East Pte. Ltd. 30th June 1994.(6)Acer Computer International Pte. Ltd. 12th August 1994.(7)Volvo East Asia (Pte.) Ltd. 18th October 1994.(8)Fujikura Asia Ltd. 1st August 1994.(9)Datacraft Asia Pte. Ltd. 14th December 1994.(10)Asia Paper and Pulp Pte. Ltd. 30th January 1995.(11)British Gas Asia Pacific Holdings Pte. Ltd. 31st August 1995.(12)Levi Strauss Asia Pacific Division Pte. Ltd. 12th September 1995.(13)Norsk Hydto Asia Pte. Ltd. 20th September 1995.(14)Air Likquide Asia Pte. Ltd. 30th December 1995.(15)HKR Asia Pacific Pte. Ltd. 15th February 1996.

There shall be exempt from tax the dividends received in Singapore by a company which is approved as a headquarters company under section 43E of the Act or as a Finance and Treasury Centre under section 43G of the Act from approved investments in countries outside Singapore, subject to the terms and conditions specified in the respective letter of approval addressed to each company.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Keppel Engineering Pte. Ltd. 21st May 1996.(2)Sembawang Engineering (Pte) Ltd 21st May 1996.(3)Jurong Engineering Limited 24th May 1996.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Jurong Engineering Limited 29th August 1996.(2)The Polyolefin Company (Singapore) Pte Ltd 6th November 1996.(3)Suntec Investment Pte Ltd 27th November 1996.(4)Eastern Partek Pte Ltd 3rd December 1996.

Assab Pacific Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 23rd December 1996 addressed to the company.

Mr Goh Cheng Liang is hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 21st January 1997 addressed to him.

The following companies are hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letters of approval addressed to the respective companies:CompanyDate of Letter of Approval(1)Andhika Bulk Carriers Pte Ltd 9th May 1997.(2)Cosco (Singapore) Pte Ltd 8th May 1997.

Natsteel Broadway Ltd. is hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 19th August 1997 addressed to the company.

Highsonic Enterprises Pte Ltd. is hereby granted exemption from tax on the income received in Singapore from a country outside Singapore, subject to the terms and conditions specified in the letter of approval dated 24th December 1997 addressed to the company.