Singapore legislation

Regulation 2

of Income Tax (Exemption of Foreign Income) (No. 3) Order 2013

Regulation 2

Exemption

Subregulation 1

GE Pacific Pte Ltd is hereby granted exemption from tax on the dividends received in Singapore from —

(a)

GE Pacific (Mauritius) Ltd, a company located in Mauritius, on 15th May 2008, 9th October 2008, 13th October 2009, and on or after 14th February 2013;

(b)

New China Control Systems Ltd, a company located in the British Virgin Islands, on or after 14th February 2013; and

(c)

Hydril India JV LLC, a company located in the United States, on or after 14th February 2013.

Subregulation 2

The exemption under sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 14th February 2013 addressed to GE Pacific Pte Ltd.

Regulation 2 — Income Tax (Exemption of Foreign Income) (No. 3) Order 2013