Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 2) Regulations 2006

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Bonds” means the 5-year fixed rate convertible bonds due January 2011 issued by United Phosphorus Limited for a principal amount of up to US$80 million, which are convertible into new ordinary shares of United Phosphorus Limited with a par value of 2 Indian Rupees each;“securities” has the same meaning as in section 239(1) of the Act;“stabilising action” means an action taken in Singapore or elsewhere by UBS AG, or any of its related corporations, to buy, or to offer or agree to buy, any of the Bonds in order to stabilise or maintain the market price of the Bonds in Singapore or elsewhere.

Definition

“Bonds” means the 5-year fixed rate convertible bonds due January 2011 issued by United Phosphorus Limited for a principal amount of up to US$80 million, which are convertible into new ordinary shares of United Phosphorus Limited with a par value of 2 Indian Rupees each;

Definition

“securities” has the same meaning as in section 239(1) of the Act;

Definition

“stabilising action” means an action taken in Singapore or elsewhere by UBS AG, or any of its related corporations, to buy, or to offer or agree to buy, any of the Bonds in order to stabilise or maintain the market price of the Bonds in Singapore or elsewhere.