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W 84/06 COB — GCC Energy Fund Managers Limited

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WAIVER NOTICE

To GCC Energy Fund Managers Limited
Address Emirates Towers,
22nd Floor,
P O Box 504946,
Dubai, UAE
DFSA Firm Reference No. F000002
Notice No. W084/2006

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 8 May 2006 Collective Investment Law 2006 and expires on the 17 May 2006.

RULES WAIVED

The Rules waived are set out in the table below.

Module Version Rule
COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive.

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 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 : 8 May 2006