Regulation 2

In these Regulations, unless the context otherwise requires —“2008 Bonds” means the 3-year convertible bonds due December 2008 issued by Bharati Shipyard Limited for a principal amount of up to US$20 million, which are convertible into fully paid ordinary shares of Bharati Shipyard Limited with a par value of 10 Indian Rupees each;“2010 Bonds” means the 5-year convertible bonds due December 2010 issued by Bharati Shipyard Limited for a principal amount of up to US$80 million, which are convertible into fully paid ordinary shares of Bharati Shipyard Limited with a par value of 10 Indian Rupees 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 Citigroup Global Markets Limited, or any of its related corporations, to buy, or to offer or agree to buy —