The Appeals Committee shall elect a chairman and deputy chairman from among the members of the Appeals Committee. In the absence of the chairman, the deputy chairman shall have all the powers of the chairman. The SGX Board shall appoint a Secretary to assist the Appeals Committee. "Secretary" within Rules 7.9 and 7.10 refers to an employee of Singapore Exchange Limited, appointed by the SGX Board to the Appeals Committee for the purpose of supporting the work of the Appeals Committee. For the avoidance of doubt, the Secretary shall not form part of the quorum of the Appeals Committee, shall not possess any voting power, and save for record and administrative purposes, shall not participate in the deliberations of the Appeals Committee.

Amended on 5 December 20065 December 2006.