Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 8) Regulations 2004

Regulation 2

Definitions

Amended byS 454/2004 wef 29/07/2004S 559/2004 wef 02/09/2004

In these Regulations, unless the context otherwise requires —“Bonds” means the convertible bonds due September 2009, which have a tenure of 5 years and 1 day, issued by Orchid Chemicals & Pharmaceuticals Ltd for a principal amount of up to US$75 million, which are convertible into fully paid ordinary shares of Orchid Chemicals & Pharmaceuticals Ltd with a par value of 10 Indian Rupees each;“stabilising action” means an action taken in Singapore or elsewhere by Citigroup Global Markets Inc., 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 convertible bonds due September 2009, which have a tenure of 5 years and 1 day, issued by Orchid Chemicals & Pharmaceuticals Ltd for a principal amount of up to US$75 million, which are convertible into fully paid ordinary shares of Orchid Chemicals & Pharmaceuticals Ltd with a par value of 10 Indian Rupees each;

Amended byS 454/2004 wef 29/07/2004S 559/2004 wef 02/09/2004

Definition

“stabilising action” means an action taken in Singapore or elsewhere by Citigroup Global Markets Inc., 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.