Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Notes” means the first 2 series of S$ and US$ notes issued by SP PowerAssets Limited under its S$6 billion Global Medium Term Note Program;“stabilising action” means an action taken in Singapore or elsewhere by Morgan Stanley Dean Witter Asia (Singapore) Pte or DBS Bank Ltd, or any of its related corporations, to buy, or to offer or agree to buy any of the Notes in order to stabilise or maintain the market price of the Notes in Singapore or elsewhere.

Definition

“Notes” means the first 2 series of S$ and US$ notes issued by SP PowerAssets Limited under its S$6 billion Global Medium Term Note Program;

Definition

“stabilising action” means an action taken in Singapore or elsewhere by Morgan Stanley Dean Witter Asia (Singapore) Pte or DBS Bank Ltd, or any of its related corporations, to buy, or to offer or agree to buy any of the Notes in order to stabilise or maintain the market price of the Notes in Singapore or elsewhere.