Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 4) Regulations 2006

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Bonds” means the US$ fixed rate 2.75 per cent guaranteed convertible bonds due December 2015 by Hongkong Land CB (2005) Limited for a principal amount of up to US$400 million, which are convertible into fully paid ordinary shares of Hongkong Land Holdings Limited with a par value of US$0.10 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 US$ fixed rate 2.75 per cent guaranteed convertible bonds due December 2015 by Hongkong Land CB (2005) Limited for a principal amount of up to US$400 million, which are convertible into fully paid ordinary shares of Hongkong Land Holdings Limited with a par value of US$0.10 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.