Regulation 12

The interest payable by New Zealand Milk Products Treasury (Singapore) Pte. Ltd. to the following companies shall be exempt from tax from 1st September 1993 to 31st August 1998:(1) New Zealand Milk Products (M) Sdn. Bhd.(2) Susumas Sdn. Bhd.(3) Dairymas (M) Sdn. Bhd.(4) New Zealand Milk Products (F.E.) Ltd.(5) New Zealand Milk Products (F.E.) Ltd, Taiwan branch.(6) Manzdel Distributors Ltd.(7) New Zealand Milk Products Bangladesh Ltd.(8) New Tai Milk Products Co. Ltd.(9) NZ Milk Products (Thailand) Co. Ltd.(10) Tira Anchor Indonesia.(11) New Zealand Milk Products (China) Ltd.(12) PNZ Packers Inc.(13) PNZ Marketing Inc.(14) Philippine Dairy Products Corporation.(15) New Zealand Milk Products Lanka (Private) Ltd.(16) New Zealand Dairy Board.(17) New Zealand Dairy Board Finance.(18) Dairy Investments (Bermuda) Ltd.(19) Dairy Board Finance Corporation Ltd.(20) New Zealand Dairy Board Finance Ltd.(21) New Zealand Dairy Board Finance (U.K.) plc.(22) New Zealand Milk Products (S.A.) Pty. Ltd.(23) Anchor Foods Ltd. (24) Milk Products Holdings (Europe) Ltd. (25) NZ Cattle Semen Import (U.K.) Ltd. (26) Diary Industries Jamaica Ltd. (27) Milk Products Holdings (Latin America) Ltd. (28) New Zealand Milk Products (Florida) Inc. (29) New Zealand Milk Products (Middle East) E.C. (30) Milk Products Holdings (North America) Inc. (31) New Zealand Milk Products (U.K.) Ltd. (32) New Zealand Milk Products (Europe) Ltd. (33) New Zealand Milk Products (Italia) SLR. (34) Milk Products (N.Z.) Ltd. (35) New Zealand Dairy Services (Latin America) Inc.