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Regulation 7

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Amended

Last amended by an amending law.

The interest payable by A.P. Moller Singapore Pte. Ltd. on the two promissory notes dated 11th September 1992 and 12th September 1992 to Dampskibsselskabet af 1912, Aktieselskab, Denmark and Aktieselskabet Dampskibsselskabet Svendborg, Denmark, respectively, shall be exempt from income tax from 11th September 1992 to 12th September 1997.

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