CONFIDENTIAL
055331
MDHIAN 4857
AUTHORITIES HAVE CONFIRMED THAT THERE IS NO REALISTIC PROSPECT OF ANY MODIFICATION BEING MADE TO ANY ASPECT OF THE UK SECURITIES REGULATORY SYSTEM, IN PARTICULAR THE CITY CODE, TO REDUCE ANY REGULATORY GAPS IN RELATION TO TAKE-OVERS THAT MIGHT ARISE FROM THE HONG KONG SITUATION.
WILSON
YYYY
ΜΑΙΝ
LIMITED
HKD
FED
NNNN
21
DISTRIBUTION
21
PS/LORD CAITHNESS
MR BURNS
PAGE 2 CONFIDENTIAL