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ADDENDUM
1.7.1 Purchase or acquisition out of capital or profits
Under the Companies Act, purchases or acquisitions of Shares by the Company may be made out of the Company¡¯s capital or profits so
long as the Company is solvent.
Where the consideration (excluding related brokerage, goods and services tax, stamp duties and clearance fees) paid by the Company for
the purchase or acquisition of Shares is made out of capital, the amount available for the distribution of cash dividends by the Company will
not be reduced but the issued share capital of the Company will be reduced by the value of the Shares purchased. Where the consideration
(excluding related brokerage, goods and services tax, stamp duties and clearance fees) paid by the Company for the purchase or
acquisition of the Shares is made out of profits, such consideration will correspondingly reduce the amount available for the distribution of
cash dividends by the Company.
1.7.2 Information as at the Latest Practicable Date
As at the Latest Practicable Date, the issued and paid-up capital of the Company is S$13,964,000 comprising 121,374,700 Shares. No Shares
are reserved for issue by the Company as at the Latest Practicable Date.
1.7.3 Financial effects
For illustrative purposes only, and on the basis of the assumptions set out below, the financial effects of the:
(a)
acquisition of Shares by the Company pursuant to the Share Buy-back Mandate by way of purchases made out of capital and held as
treasury shares; and
(b)
acquisition of Shares by the Company pursuant to the Share Buy-back Mandate by way of purchases made out of capital and
cancelled;
based on the audited financial statements of the Group and the Company for the financial year ended 31 March 2016 are set out in the
sections below.
The financial effects of the acquisition of Shares by the Company pursuant to the Share Buy-back Mandate by way of purchases made out
of profits are similar to that of purchases made out of capital. Therefore, only the financial effects of the acquisition of the Shares pursuant
to the Share Buy-back Mandate by way of purchases made out of capital are set out in this Addendum.
