Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 35) Regulations 2004

Regulation 2

Definitions

Amended byS 553/2004 wef 01/09/2004

In these Regulations, unless the context otherwise requires —“Notes” means the 7-year and 9-month 9.75% senior notes due April 2012 issued by Globe Telecom, Inc. in July 2004, for a principal amount of up to US$100 million;“stabilising action” means an action taken in Singapore or elsewhere by UBS Limited, 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 7-year and 9-month 9.75% senior notes due April 2012 issued by Globe Telecom, Inc. in July 2004, for a principal amount of up to US$100 million;

Amended byS 553/2004 wef 01/09/2004

Definition

“stabilising action” means an action taken in Singapore or elsewhere by UBS Limited, 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.