Singapore legislation

Regulation 9

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

Regulation 9

Amended byS 341/89 — 11.8.89

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.