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W 01/04 GEN — The GCC Energy Funds Managers Ltd.

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WAIVER NOTICE

To The GCC Energy Funds Managers Ltd.
Address 22nd Floor, Emirates Towers, PO Box 504904, Dubai, United Arab Emirates
DFSA Reference No. 10002
Notice No. W 01/04

THE DFSA HEREBY GIVES NOTICE THAT:

The Rules specified in the table herein do not apply to the above mentioned Person.

This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.

Effective Date: This notice comes into effect on 17 September 2004 and expires on 17 September 2006 or the date on which any rule specified herein is amended, which ever is the earlier.

RULES WAIVED

The Rules waived are set out in the table below.

DFSA Rulebook Module Version rule
GEN/VER1/252/09-04 GEN rule 5.3.13

CONDITIONS

None

INTERPRETATION

The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.

Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

This notice was issued by:
Name : David King
Position : Acting Chief Executive
Date : 17 September 2004