TNAG-2306-FCO40-3340-Future-of-Hong-Kong-stock-market-and-exchange-rate-1991 — Page 94

12 DEC. 90 17:04

LINKLATERS & PAINES 852 8107021

LINKLATERS & PAINES 9 P.8

SCHEDULE 1 THE OFFER DOCUMENT

The offer document should contain in a prominent position the following statements :

' IMPORTANT!

to any aspect of this offer, you stookbroker OF other registered dealer in bank manager, solicitor, professional

"II you KIO in doubt should consult securities,

accountant, or other professional adviser."

"If you have sold all your shares in you should at once hand this document and the accompanying form to the purchaser Or the bank or stockbroker or other agent through whom the sale was affected for transmission to the purchaser."

The offer document should include the following information :

1. The name and address of the offeror.

2.

3

4

5.

6.

1.

8.

9.

The name, address and business of any person acting for on behalf of the offeror for the purpose of effecting a share repurchase.

or

Particulars of the class and number of shares to be repurchased and the consideration to be offered therefor together with a statement as to whether the shares to be repurchased are to be acquired cum or ex any dividend or other distribution which has been or may be declared.

Conditions attached to the offer.

Relevant time periods including the date on which the share repurchase will commence and, if applicable, the latest day on which the offeror can declare the offer unconditional.

Withdrawal rights.

Method and time for payment of consideration.

In the case of a partial bid describe the pro rating and odd lot implications of the offer as per Rule 1.

The source of funds to be used for payment of the consideration offered for repurchased shares and if funds are to be raised or borrowed for such purpose the terms and conditions of such arrangements.