Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 39) Regulations 2004

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Notes” means the subordinated notes due November 2019 issued by DBS Bank Ltd. for a principal amount of up to US$1.2 billion;“stabilising action” means an action taken in Singapore or elsewhere by Morgan Stanley & Co. International 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 subordinated notes due November 2019 issued by DBS Bank Ltd. for a principal amount of up to US$1.2 billion;

Definition

“stabilising action” means an action taken in Singapore or elsewhere by Morgan Stanley & Co. International 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.