Singapore legislation

Regulation 31

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

Regulation 31

Amended byS 311/92 — 3.7.92

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.