Offer Shares.

Shares (other than the Shares held in treasury) not already owned, controlled or

agreed to be acquired by the Offeror and the Cheng Brothers (the "

at the Record Date. As at the date of this Announcement (the “

Date

Shares held in treasury and the 326,966,314 Shares already owned, controlled or

agreed to be acquired by the Offeror and the Cheng Brothers, the Offer Shares

comprise 68,082,712 Shares, representing approximately fifteen per cent. (15%) of

453,884,746 Shares (the “

Each Relevant Shareholder will be entitled to accept the Partial Offer in respect of

fifteen per cent. (15%) of the Relevant Shares (for example, 150 Shares for every

1,000 Shares) held by him as at the Record Date, fractional entitlements to be

disregarded (the “

may accept the Partial Offer in respect of all or any part of his Relevant Percentage

Offer Shares.

Each Relevant Shareholder may, in addition, tender Shares that are in excess of the

number of his Relevant Percentage Offer Shares (the “

acceptance under the Partial Offer in the event that any one or more Relevant

Shareholders do not accept their full entitlement of their respective Relevant

Percentage Offer Shares.

Under the terms of the Partial Offer, the Offeror is permitted to acquire only the Offer

Shares and is not permitted to acquire any additional Shares which may be tendered

for acceptance under the Partial Offer. Where the aggregate number of the Shares

accepted and the Excess Shares tendered by the Relevant Shareholders exceeds

the number of the Offer Shares, the Excess Shares tendered will be accepted up to

the number of Offer Shares on a pro-rata basis (but in a manner which minimises the

number of new odd-lot shareholdings as the Offeror may in its absolute discretion

deem fit in the interest of the Offeror), provided that the Partial Offer becomes

unconditional in all respects from such acceptance.