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may apply for a larger number of Shares in integral multiples of<br />

1,000 Offering Shares.<br />

Lock-ups ....................... Wehaveagreed that we will not, subject to certain exceptions,<br />

issue, offer, sell, contract to sell, pledge or otherwise dispose of,<br />

directly or indirectly, or file with the United States Securities and<br />

Exchange Commission a registration statement under the Securities<br />

Act relating to, any Shares or securities convertible into or<br />

exchangeable or exercisable for any Shares or warrants or other<br />

rights to purchase or subscribe for Shares, or enter into a transaction<br />

which would have the same effect, or enter into any swap,<br />

hedge or other arrangement that transfers, in whole or in part, any<br />

of the economic consequences of ownership of our Shares, whether<br />

any of these transactions are to be settled by delivery of our Shares<br />

or such other securities, in cash or otherwise, or publicly disclose<br />

our intention to make any offer, sale, pledge, disposition or filing,<br />

without, in each case, the prior written consent of the Issue Managers<br />

until six months after the Listing Date.<br />

Certain of our Shareholders have also agreed that, subject to certain<br />

exceptions, they will not offer, sell, contract to sell, pledge or otherwise<br />

dispose of, directly or indirectly, any Shares, without, in<br />

each case, the prior written consent of the Issue Managers until six<br />

months after the Listing Date. See “Plan of Distribution — Restrictions<br />

on Disposals and Issue of Shares”.<br />

Dividends ....................... Inconsidering the level of dividend payments, if any, we intend to<br />

take into account various factors, including (but not limited to):<br />

the level of our cash, gearing, return on equity and retained<br />

earnings;<br />

our expected financial performance;<br />

our projected levels of capital expenditure and other investment<br />

plans;<br />

tax positions of our Company and our subsidiaries;<br />

laws or regulations in issuing dividends; and<br />

any restrictions on payment of dividends that may be imposed on<br />

us by our financing arrangements.<br />

See “Dividend Policy” for a description of our dividend policy.<br />

Listing and Trading ............... Prior to the Offering, there has been no public market for our<br />

Shares. Application has been made to the <strong>SGX</strong>-ST for permission<br />

to list all our issued Shares (including the Vendor Shares), the New<br />

Shares and the Award Shares on the Main Board of the <strong>SGX</strong>-ST.<br />

Such permission will be granted when we have been admitted to<br />

the Official List of the <strong>SGX</strong>-ST. Acceptance of applications for the<br />

Offering Shares will be conditional upon, among other things, permission<br />

being granted to deal in and for quotation for all our issued<br />

Shares (including the Vendor Shares), the New Shares and the<br />

Award Shares. We have not applied to any other exchange to list<br />

our Shares.<br />

Our Shares are expected to commence trading on a “ready” basis<br />

as early as 9.00 a.m. on 28 November 2008 (Singapore time). See<br />

“— Indicative Timetable”.<br />

Our Shares will, upon their issue, listing and quotation on the<br />

<strong>SGX</strong>-ST, be traded on the <strong>SGX</strong>-ST under the book-entry (scripless)<br />

settlement system of CDP. Dealing in and quotation of our Shares<br />

6

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