MANUAL DE PROCEDIMIENTOS PARA LA AUTORIZACIÓN, APROBACIÓN Y REGISTRO DE PLANES Y PROGRAMAS DE ESTUDIO

3. You must complete all spaces in your Application Forms except those under the heading ‘‘FOR

OFFICIAL USE ONLY’’ and you must write the words ‘‘NOT APPLICABLE’’ or ‘‘N.A.’’ in any

space that is not applicable.

4. Individuals, corporations, approved nominee companies and trustees must give their names in full. If you are an individual, you must make your application using your full name as it appears in your identity card (if you have such an identification document) or in your passport and, in the case of corporations, in your full names as registered with a competent authority. If you are not an individual, you must complete the Application Form under the hand of an official who must state the name and capacity in which he signs the Application Form. If you are a corporation completing the Application Form, you are required to affix your Common Seal (if any) in accordance with your Memorandum and Articles of Association or equivalent constitutive documents of the corporation. If you are a corporate Applicant and your application is successful, a copy of your Memorandum and Articles of Association or equivalent constitutive documents must be lodged with our Company’s Share Registrar and Share Transfer Office. Our Company and the Vendor reserve the right to require you to produce documentary proof of identification for verification purposes.

5. (a) You must complete Sections A and B and sign page 1 of the Application Form.

(b) You are required to delete either paragraph 7(a) or 7(b) on page 1 of the Application Form. Where paragraph 7(a) is deleted, you must also complete Section C of the Application Form with particulars of the beneficial owner(s).

(c) If you fail to make the required declaration in paragraph 7(a) or 7(b), as the case may be, on page 1 of the Application Form, your application is liable to be rejected.

6. You (whether an individual or corporate Applicant, whether incorporated or unincorporated and wherever incorporated or constituted), will be required to declare whether you are a citizen or permanent resident of Singapore or a corporation in which citizens or permanent residents of Singapore or any body corporate constituted under any statute of Singapore having an interest in the aggregate of more than 50 per cent. of the issued share capital of or interests in such corporations. If you are an approved nominee company, you are required to declare whether the beneficial owner of the Invitation Shares is a citizen or permanent resident of Singapore or a corporation, whether incorporated or unincorporated and wherever incorporated or constituted, in which citizens or permanent residents of Singapore or any body corporate incorporated or constituted under any statute of Singapore have an interest in the aggregate of more than 50 per cent. of the issued share capital of or interests in such corporation.

7. You may apply for the Invitation Shares using only cash. Each application must be accompanied by a cash remittance in Singapore currency for the full amount payable, in respect of the number of Invitation Shares applied for, in the form of a BANKER’S DRAFT, CASHIER’S ORDER or POSB CASHIER’S ORDER drawn on a bank in Singapore, made out in favour of ‘‘ECON SHARE ISSUE ACCOUNT’’ crossed ‘‘ A/C PAYEE ONLY’’, or in the form of a DBS AUTOBANK CASHIER’S ORDER EQUIVALENT, with your name and address written clearly on the reverse side. Applications not accompanied by any payment or accompanied by any other form of payment will not be accepted. Remittances bearing ‘‘Not Transferable’’ or ‘‘Non Transferable’’ crossings will be rejected.

No acknowledgement of receipt will be issued by the Company, the Vendor or the Manager for applications or application moneys received.

8. Monies paid in respect of unsuccessful applications are expected to be returned (without interest or any share of revenue or other benefit arising therefrom) to you by ordinary post within 24 hours of the balloting at your own risk. Where your application is rejected or accepted in part only, the full amount or the balance of the application moneys, as the case may be, will be refunded (without interest or any share of revenue or other benefit arising therefrom) to you by ordinary post at your own risk within 14 Market Days after the close of the Application List, provided that the remittance accompanying such application which has been presented for payment or other processes has been honoured and the application moneys received in the designated share issue account. Unsuccessful applicants using DBS Autobank Cashier’s Order Equivalent will have the full amount of their application moneys (without interest or any share of revenue or other benefit arising therefrom) automatically credited to their accounts maintained with DBS Bank.

9. Capitalised terms used in the Application Forms and defined in this Prospectus shall bear the meanings assigned to them in this Prospectus.

10. By completing and delivering the Application Form, you agree that:–

(a) in consideration of our Company having distributed the Application Form to you and agreeing to close the Application List at 12:00 noon on 9 December 2002 or such other time or date as our Directors and the Vendor may, in consultation with the Manager decide and by completing and delivering this Application Form:–

(i) your application is irrevocable; and

(ii) your remittance will be honoured on first presentation and that any moneys returnable may be held pending clearance of your payment without interest or any share of revenue or other benefit arising therefrom;

(b) all applications, acceptances or contracts resulting therefrom under the Invitation shall be governed by and construed in accordance with the laws of Singapore and that you irrevocably submit to the non-exclusive jurisdiction of the Singapore courts;

(c) in respect of the Invitation Shares for which your application has been received and not rejected, acceptance of your application shall be constituted by written notification by or on behalf of our Company and the Vendor and not otherwise, notwithstanding any remittance being presented for payment by or on behalf of our Company and the Vendor;

(d) you will not be entitled to exercise any remedy of rescission for misrepresentation at any time after acceptance of your application; and

(e) reliance is placed solely on information contained in this Prospectus and that none of our Company, the Vendor, the Manager, the Underwriter, the Placement Agent, or any other person involved in the Invitation shall have any liability for any information not so contained.

Applications for Offer Shares

1. Your application for Offer Shares MUST be made using the WHITE Offer Shares Application Forms and WHITE official envelopes ‘‘A’’ and ‘‘B’’.

2. You must:–

(a) enclose the WHITE Offer Shares Application Form, duly completed and signed, together with your correct remittance in accordance with the terms and conditions of this Prospectus, in the WHITE official envelope ‘‘A’’ provided;

(b) in appropriate spaces on the WHITE official envelope ‘‘A’’:– (i) write your name and address;

(ii) state the number of Offer Shares applied for;

(iii) tick the relevant box to indicate the form of payment; and (iv) affix adequate Singapore postage;

(c) SEAL THE WHITE OFFICIAL ENVELOPE ‘‘A’’;

(d) write, in the special box provided on the larger WHITE official envelope ‘‘B’’ addressed to The Development Bank of Singapore Ltd, 6 Shenton Way, #36-01 DBS Building Tower One, Singapore 068809, the number of Offer Shares you have applied for; and

(e) insert WHITE official envelope ‘‘A’’ into WHITE official envelope ‘‘B’’, seal WHITE official envelope ‘‘B’’, affix adequate Singapore postage on WHITE official envelope ‘‘B’’ (if despatching by ordinary post) and thereafter DESPATCH BY ORDINARY POST OR

DELIVER BY HAND the documents at your own risk to The Development Bank of

Singapore Ltd, 6 Shenton Way, #36-01 DBS Building Tower One, Singapore 068809, so as to arrive by 12:00 noon on 9 December 2002 or such other time as our Directors and the Vendor may, in consultation with the Manager, decide. Local Urgent Mail or Registered

Post must NOT be used. No acknowledgement of receipt will be issued for any

application or remittance received.

3. Applications that are illegible, incomplete or incorrectly completed or accompanied by improperly drawn remittances or which are not honoured upon their first presentation are liable to be rejected.

4. ONLY ONE APPLICATION should be enclosed in each envelope. No acknowledgement of

Applications for Placement Shares

1. Your application for Placement Shares must be made using the BLUE Placement Shares Application Forms.

2. The completed BLUE Placement Shares Application Form and your remittance, in accordance with the terms and conditions of the Prospectus, for the full amount payable in respect of the number of Placement Shares applied for with your name and address written clearly on the reverse side, must be enclosed and sealed in an envelope to be provided by you. You must affix adequate Singapore postage on the envelope (if despatching by ordinary post) and thereafter the sealed envelope must be DESPATCHED BY ORDINARY POST OR

DELIVERED BY HAND at your own risk to The Development Bank of Singapore Ltd, 6

Shenton Way, #36-01 DBS Building Tower One, Singapore 068809, for the attention of Equity Capital Markets, to arrive by 12:00 noon on 9 December 2002 or such other time as our Directors and the Vendor may, in consultation with the Manager decide. Local Urgent Mail or

Registered Post must NOT be used. No acknowledgement receipt will be issued for any

application or remittance received.

3. ONLY ONE APPLICATION should be enclosed in each envelope. No acknowledgement of

receipt will be issued for any application or remittance received.

4. Alternatively, you may remit your application moneys by electronic transfer to the account of

DBS Bank, Shenton Way Branch, Current Account No. 003-710049-8 in favour of “ECON SHARE ISSUE ACCOUNT’’ for the number of Placement Shares applied for by 12.00 noon on 9 December 2002. Applicants who remit their application moneys via electronic transfer

should send a copy of the telegraphic transfer advice slip to DBS Bank, 6 Shenton Way #36-

01, DBS Building Tower One, Singapore 068809, for the attention of Equity Capital Markets,

to arrive by 12.00 noon on 9 December 2002.

Applications for Reserved Shares

1. Your application for Reserved Shares must be made using the PINK Application Forms. 2. The completed and signed PINK Reserved Shares Application Form and the applicant’s

remittance in accordance with the terms and conditions of this Prospectus for the full amount payable in respect of the number of Reserved Shares applied for must be enclosed and sealed in an envelope to be provided by the applicant. You must affix adequate Singapore postage on the envelope (if despatching by ordinary post) and thereafter despatch by ORDINARY POST

OR DELIVER BY HAND at your own risk to our Company’s registered office presently at 452

Upper East Coast Road, Singapore 466500, so as to arrive by 12.00 noon on 9 December 2002 or such later time or date as our Directors and the Vendor may, in their absolute discretion, decide. Local Urgent Mail or Registered Post must NOT be used.

3. ONLY ONE APPLICATION may be enclosed in each envelope. No acknowledgement of receipt