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8.1 DISCLOSURE BY AN BIDDER

(a) A Bidder must make a public Opening Position Disclosure:
(i) after the announcement that first identifies it as a Bidder; and
(ii) after the announcement that first identifies a competing securities exchange Bidder.
(b) A Bidder must also make a public Dealing Disclosure if it deals in any relevant securities of the Target or any securities exchange Bidder during an offer period for its own account or for the account of discretionary investment clients.