Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 3) Regulations 2005

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Notes” means the 10-year US$ senior fixed rate notes due January 2015 issued by City Telecom (H.K.) Limited for a principal amount of up to US$150 million;“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 Notes in order to stabilise or maintain the market price of the Notes in Singapore or elsewhere.

Definition

“Notes” means the 10-year US$ senior fixed rate notes due January 2015 issued by City Telecom (H.K.) Limited for a principal amount of up to US$150 million;

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 Notes in order to stabilise or maintain the market price of the Notes in Singapore or elsewhere.

Regulation 2 — Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 3) Regulations 2005