Redemption at the Option of Noteholders

If, for any reason, a Change of Shareholding Event occurs, the Issuer will within seven days of such occurrence give notice to the Noteholders of the occurrence of such event (the “Change of Shareholding Event Notice”) and shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption, on the date falling 60 days from the date of the Change of Shareholding Event Notice (or if such date is not a business day, on the next day which is a business day). To exercise such option, the holder must deposit (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with the Issuing and Paying Agent or any other Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or any other Transfer Agent at its specified office, together with a duly completed Exercise Notice in the form obtainable from the Issuing and Paying Agent, any other Paying Agent, the Registrar or any other Transfer Agent, no later than 30 days from the date of the Change of Shareholding Event Notice. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

For the purposes of this Condition 6(e)(ii):

(1) a “Change of Shareholding Event” occurs when the Lim Family ceases to own in aggregate (whether directly or indirectly) at least a majority of the issued share capital of the Issuer;

(2) “Lim Family” means Lim Yong Guan, Lim Yong Sheng and Lim Liang Eng and each of his/her Immediate Family Members; and

(3) “Immediate Family Members” means, in respect of Lim Yong Guan, Lim Yong Sheng and Lim Liang Eng, his/her father, mother, siblings, wife/husband, son(s) and daughter(s).