'%" IRREDEEMABLE#CONVERTIBLE#PREFERENCE#SHARES#AND#PERPETUAL#BOND#(CONT’D") Irredeemable!Convertible!Preference!Shares!(cont’d*) The!salient!terms!of!the!ICPS!were!as!follows)!(cont’d') (d) Conversion!(cont’d') (ii) Conversion!Ratio!(cont’d') If!the!conversion!results!in!a!fractional!entitlement!to!new!ordinary!shares&!such!fractional!entitlement!will!be!disregarded! and!no!refund!or!credit&!whether!in!the!form!of!ICPS&!cash!or!otherwise&!will!be!given!in!respect!of!the!disregarded!fractional! entitlement' (iii) Conversion!Process The!conversion!of!the!ICPS!shall!be!exercised!by!ICPS!Holder!delivering!a!duly!completed!and!signed!notice!to!convert!to! the!share!registrar!of!the!Company' The!notice!to!convert!shall!be!in!such!form!as!may!be!prescribed!from!time!to!time!by!the!Company!or!in!accordance!with! Applicable!Laws!(“Conversion!Notice”)'! A!holder!of!ICPS!who!has!issued!a!Conversion!Notice!(“Converting!ICPS!Holder”)!shall!furnish!to!the!Company!such!supporting! documents!or!information!as!may!be!prescribed!by!the!Company!or!as!may!be!required!under!Applicable!Laws' The!duly!completed!and!valid!Conversion!Notice!shall!be!irrevocable!after!receipt!thereof!by!the!share!registrar!of!the! Company!and!the!right!to!receive!any!preferential!dividends!referred!to!in!the!Constitution!relating!to!the!ICPS!that!have! been!converted!into!ordinary!shares!shall!cease!as!from!the!date!of!issue!and!allotment!of!the!new!ordinary!shares' Subject!to!Applicable!Laws&!within!eight!(,)!Market!Days!from!the!date!of!receipt!by!the!Company!of!a!Conversion!Notice! or!such!other!period!as!may!be!prescribed!or!allowed!by!the!Exchange&!the!Company!shall) –!!! allot!and!issue!to!the!relevant!Converting!ICPS!Holders&!such!number!of!ordinary!shares!to!which!such!holders!are! entitled!to!receive&!credited!as!fully!paid-up!(“Conversion!Shares”)&!and!shall!cause!the!Securities!Account!of!the!said! holders!to!be!credited!with!such!number!of!Conversion!Shares*! –!!! despatch!a!notice!of!allotment!to!the!relevant!Converting!ICPS!Holders!in!respect!of!the!Conversion!Shares*!and –!!! make!an!application!to!the!Exchange!for!the!listing!of!and!quotation!for!the!Conversion!Shares'! (e) Ranking!of!the!new!ordinary!shares! The!new!ordinary!shares!to!be!issued!upon!conversion!of!the!ICPS!shall&!upon!allotment!and!issue&!rank!equally!in!all!respects!with! the!existing!issued!ordinary!shares!including!the!entitlements!to!dividends&!rights&!allotments!or!other!distributions&!except!that!the! new!ordinary!shares!shall!not!be!entitled!to!any!dividends&!rights&!allotments!and.or!other!distributions!of!which!may!be!declared&! made!or!paid&!the!entitlement!date!is!before!the!date!of!allotment!of!such!new!ordinary!shares' (f) Redemption The!ICPS!shall!not!be!redeemable' (g) Transferability The!ICPS!shall!be!transferable!and!shall!be!subject!to!the!same!provisions!of!transferability!of!ordinary!shares!as!are!set!out!in!the! Constitution!of!the!Company' 265 FINANCIAL STATEMENTS & OTHER INFORMATION
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