TNAG-1769-FCO40-2523-Hong-Kong-mergers-involving-banks-and-other-financial-instit-1988

MAR.12 '88 12:39 CLIFFORD CHANCE

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TRANSLATION

DR THOMAS CADMUS DR BERNT ANCKER

DR JENS ROH

NOTARE

BRODSCHRANGEN 9 2000 HAMBURG 11. TEL (040) 308008 0

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(SEAL)

ORIGINAL COUNTERPART

P.017