3.2 Non-Listed Securities

3.2.1

A Non-Listed Security may be quoted for trading on the Non-Listed Securities market on such conditions as SGX-ST prescribes.

Amended on 3 April 2008 3 April 2008.

3.2.2

All trades in Non-Listed Securities are subject to the Rules and any Directives.

Amended on 3 April 2008 3 April 2008.

3.2.3

A Non-Listed Security is quoted in the currency SGX-ST prescribes.

Amended on 3 April 2008 3 April 2008.

3.2.4

SGX-ST may, at its absolute discretion, approve, refuse, suspend or withdraw the quotation of a Non-Listed Security. The decision of SGX-ST is final. SGX-ST is not obliged to give any reasons.

Amended on 3 April 2008 3 April 2008.

Without limiting Rule 3.2.4, if a Non-Listed Security is declared a Designated Security (or equivalent) or is declared to be cornered (or equivalent) in the foreign stock exchange on which it is listed, SGX-ST will suspend it (including on such terms that it deems necessary) as soon as SGX-ST is aware of the declaration.

Amended on 3 April 2008 3 April 2008.

3.2.6

A contract note for a trade in a Non-Listed Security must state that the company:—

(1) is not listed on SGX-ST, and

(2) is not subject to SGX-ST's listing requirements.

Amended on 3 April 2008 3 April 2008.

3.2.7

The delivery and settlement of trades in Non-Listed Securities are subject to the Settlement Rules in Chapter 9. SGX-ST may vary the delivery and settlement terms.

Amended on 3 April 2008 3 April 2008.