Article 97: Notification Relating to the Substantial Holdings in Shares or Convertible

Article 97: Notification Relating to the Substantial Holdings in Shares or Convertible

Debt Instruments

a. The fund manager must notify the Exchange when the fund becomes owner or has an interest of (5%) or more of any class of voting shares or convertible debt instrument of the issuer, during a period not exceeding the end of the third trading day following the executing of the transaction or the occurrence of the event which result in such ownership or interest. The person notification to the Authority shall also include a list of persons, in which those persons, have an interest in the shares or convertible debt instruments which they own or control.

b. The fund manager referred to in Paragraph (a) of this Article must notify the Exchange in the event of any change to the list of persons referred to in Paragraph (a) of this Article including any event which requires the inclusion of a person to that list or the exclusion of any person who has been previously included in that list. Such notification must be made during a period not exceeding the end of the third trading day following the occurrence of the relevant event.

c. For the purpose of this Article, when calculating the total number of shares or convertible debt instruments in which the fund is interested, the fund will be deemed to be interested in any shares or convertible debt instrument owned or controlled by any of the following:

1) A company controlled by that fund.

2) Any person or fund acting in concert with the private fund referred to in Paragraph

(a) of this Article to acquire interest in or exercise voting rights in the shares or convertible debt instrument of an issuer listed on the Exchange.

d. The notice referred to in Paragraph (a) of this Article must at least include the following information:

1) the names of the persons who own or have the right to dispose of the subject shares or convertible debt instruments;

2) details of the ownership process;

3) details of any loans or financial support for the ownership process that the person has received from any other persons.