TNAG-2306-FCO40-3340-Future-of-Hong-Kong-stock-market-and-exchange-rate-1991 — Page 80

12 DEC, 90 16:58

LINKLATERS & PAINES 852 8107021

LINKLATERS & PAINES 8 P. 7

10

(a)

а

copy of the agreement referred to in (b) (ii) above being available for inspection by shareholders during the

during the period from the date of mailing of the notios of meeting up to and including the date of the special meeting convened

consider the off-market share repurchase proposal.

to

The Chairman reserves the right to grant unconditional approval to an off-market share repurchase if, in the circumstances, it is unreasonable or impractical for the repurchasing company to convene a shareholders meeting and Buch approval is not contrary to the General Principles of the Code and the interests of shareholders generally.

[3. Recognized Exchanges

for purposes. of the code, the Stock Exchange and the Chairman have. recognized the International stook Exchange in London.]