3. Exemption from section 18(1) of Act

An entity that becomes a Level A controller of ExxonMobil Asia Pacific Pte. Ltd. (being a designated entity) is exempt from the requirement under section 18(1) of the Act to give notice of that fact, if the conditions in sub‑paragraph (2) are satisfied.

For the purposes of sub‑paragraph (1), the conditions are that, at the time the entity becomes a Level A controller —

ExxonMobil Holdings Corporation holds 100% of the total equity interests in, and controls 100% of the voting power in, ExxonMobil Asia Pacific Pte. Ltd.; and

ExxonMobil Holdings Corporation holds 100% of the total equity interests in, and controls 100% of the voting power in, the entity becoming a Level A controller.

An entity that becomes a Level A controller of ExxonMobil Asia Pacific Pte. Ltd. (being a designated entity) is exempt from the requirement under section 18(1) of the Act to give notice of that fact, if the conditions in sub‑paragraph (2) are satisfied.

For the purposes of sub‑paragraph (1), the conditions are that, at the time the entity becomes a Level A controller —

ExxonMobil Holdings Corporation holds 100% of the total equity interests in, and controls 100% of the voting power in, ExxonMobil Asia Pacific Pte. Ltd.; and

ExxonMobil Holdings Corporation holds 100% of the total equity interests in, and controls 100% of the voting power in, the entity becoming a Level A controller.