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8.2 DISCLOSURE BY THE TARGET

(a) A Target must make a public Opening Position Disclosure:
(i) after the commencement of the offer period; and
(ii) if later, after the announcement that first identifies any securities exchange Bidder.
(b) A Target 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.