Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 32) Regulations 2004

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Notes” means the US$ fixed rate notes to be issued by Korea Southern Power Co., Ltd. in July 2004 for a principal amount of up to US$150 million;“stabilising action” means an action taken in Singapore or elsewhere by Barclays Bank PLC, 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 US$ fixed rate notes to be issued by Korea Southern Power Co., Ltd. in July 2004 for a principal amount of up to US$150 million;

Definition

“stabilising action” means an action taken in Singapore or elsewhere by Barclays Bank PLC, 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.