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W 04/06 OSR — Ports, Customs and Free Zone Corporation (PCFC)

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MODIFICATION NOTICE

To Ports, Customs and Free Zone Corporation (PCFC)
Address Emirates Towers
Level 47
PO Box 17000
Dubai, UAE
DFSA Firm Reference No. F000214
Notice No. W004/2006

THE DFSA HEREBY GIVES NOTICE THAT:

The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.

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

Effective date: This notice comes into effect on 26 January 2006 and remains in effect until further notice subject to the condition specified below or the date on which any rule specified herein is amended, whichever is earlier.

RULES WAIVED

The Rules waived are set out in the table below.

The version of Rules to which this notice relates is

Module Version Rule
Offered Securities Rules
(OSR/VER3/09-05)
OSR rule 8.4.3

CONDITIONS

OSR Rule 8.4.3 has been waived on the condition that Mr Hamed Kazim continues to be employed by PCFC and ensures that PCFC complies with any applicable provisions in the Markets Law 2004 and the Offered Securities Rules.

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 capitalisation 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 Knott
Position : Chief Executive
Date : 26 January 2006