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38.16 PROVISIONS DISAPPLIED IN A SCHEME

Past version: effective from 20/10/2015 - 19/10/2015
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The following provisions of the Takeover Rules do not apply to a scheme of arrangement:

(a) Paragraph 4.5 (restriction on the Target accepting an offer in respect of treasury shares);
(b) Paragraph 10 (the acceptance condition);
(c) Paragraphs 16.1 and 16.2 (announcement of acceptance levels);
(d) Paragraph 17 (the use of proxies and other authorities in relation to acceptances);
(e) Paragraph 22.7 (incorporation of obligations and rights) and Paragraph 23.14 (cash underwritten alternatives which may be shut off);
(f) Paragraph 23.10 (admission to listing and admission to trading conditions);
(g) Paragraphs 30.1 to 30.10 (timing of the offer);
(h) Paragraph 31.1(c);
(i) Paragraphs 33.1 to 33.3 (alternative offers); and
(j) Paragraph 34 (right of withdrawal).