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2001 A - TOM Group

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Sano Transaction HighlightsAcquisition• Consideration will be adjusted proportionate to any shortfall of guaranteed profit in 2002RMB'MInterest to beacquiredConsideration Cash %<strong>TOM</strong> sharesissued at HK$5.51%Sano 60% 36.1 15.0 42% 21.1 58%Profit Guarantee• Any shortfall of guaranteed profits in 2003-2005 will be compensated by dividend entitlementsor cashProfit After Tax GuaranteeRMB’M12108Minimum15% CAGRguaranteed64206.8 6.87.89.010.3ActualGuarantee<strong>2001</strong> 2002 2003 2004 2005Source: Actual figures based on Management Accounts15

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