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INDICATIVE TIMETABLE FOR LISTING<br />

An indicative timetable is set out below for the reference of applicants:-<br />

Indicative Date/Time Event<br />

8.00 a.m. on 1 June 2000 Close of Application List<br />

2 June 2000 Balloting of applications, if necessary<br />

9.00 a.m. on 5 June 2000 Admission of our Company to the Official List of the SGX-ST<br />

Commence trading of our Shares on the SGX-ST on a “when<br />

issued” basis<br />

12 June 2000 Last day for trading on a “when issued” basis<br />

9.00 a.m. on 13 June 2000 Commence trading on a “ready” basis<br />

16 June 2000 Settlement date for all trades done on a “when issued” basis<br />

and for trades done on a “ready” basis on 13 June 2000<br />

The above timetable is only indicative as it assumes that the closing of the Application List is 1 June<br />

2000, the date of admission of our Company to the Official List of SGX-ST will be 5 June 2000, the<br />

SGX-ST’s shareholding spread requirement will be complied with and the New Shares will be issued<br />

and fully paid-up prior to 5 June 2000.<br />

In the event of an early closure of the Application List or the shortening of the time period during<br />

which the Invitation is open, we will publicly announce the same:-<br />

(i) through a MASNET announcement to be posted on the Internet at the SGX-ST website<br />

http://www.singaporeexchange.com;<br />

(ii) on our AsiaOne.com website; and<br />

DETAILS OF OUR INVITATION<br />

(iii) in the local English newspapers, namely, The Straits Times and The Business Times.<br />

The actual date on which the Shares will commence trading on a “when issued” basis will be<br />

announced when it is confirmed by the SGX-ST.<br />

The above timetable and procedure may be subject to such modifications as the SGX-ST may<br />

in its absolute discretion decide, including the decision to permit trading on a “when issued”<br />

basis and the commencement date of such trading.<br />

All persons trading in the Shares on a “when issued” basis do so at their own risk. In particular,<br />

persons trading in the Shares before their Securities Accounts with CDP are credited with the<br />

relevant number of Shares do so at the risk of selling Shares which neither they nor their<br />

nominees, as the case may be, have been allotted or are otherwise beneficially entitled to.<br />

Such persons are also exposed to the risk of having to cover their net sell positions earlier<br />

if “when issued” trading ends sooner than the indicative date mentioned above. Persons who<br />

have a net sell position traded on a “when issued” basis should close their position on or<br />

before the first day of “ready” basis trading.<br />

Investors should consult the SGX-ST announcement of the “ready” listing date on the Internet (at<br />

SGX-ST website http://www.singaporeexchange.com), INTV or newspapers, or check with their brokers<br />

on the date on which trading on a “ready” basis will commence.<br />

17

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