CLSA SECURITIES DEALING SERVICES:
MALAYSIA MARKET ANNEX
1.

Definitions and Interpretation

1.1

In this Securities Dealing Services: Malaysia Market Annex, including theSchedule, capitalised terms have the meaning given to them in the “CLSA
Asia-Pacific Terms of Business” (the “Terms of Business”) and theSecurities Dealing Services Annex. In addition, the following capitalised
terms have the following meanings:“Bursa Securities” means Bursa Malaysia Securities Berhad.
“Bursa Depository” means Bursa Depository Sdn. Bhd.
“Powers of Attorney Act” means the Powers of Attorney Act 1949 of thelaws of Malaysia, as amended from time to time.
“Rules of Bursa Securities” means the Rules of Bursa Securities,regulations and procedures and manuals of Bursa Securities as issued andamended from time to time.

1.2

This Securities Dealing Services: Malaysia Market Annex is referred toherein as “this Annex”.

1.3

References in this Annex to “we”, “us” and “our” mean, unless the context
otherwise requires, CLSA and where the context requires will also include
any company in the CLSA Group, or persons connected with the CLSAGroup.

2.

Effect of Terms of Business; Amendment

2.1

This Annex shall apply to you if (a) you requested in your Application Formthat we provide you with Securities Dealing Services and requested thatsuch Securities Dealing Services be provided in respect of the Malaysia
Market; or (b) we currently provide you with Securities Dealing Services inrespect of the Malaysia Market.

2.2

The terms and conditions set out in this Annex shall apply to all Securities
Dealing Services in the Malaysia Market provided by us to you in addition
to, and supplemental to, the terms and conditions set out in the Terms ofBusiness and in the Securities Dealing Services Annex. Accordingly, theterms and conditions in this Annex are legally binding and take effect when
you signify your acceptance by placing an order for Securities in theMalaysia Market with us following your receipt of our Terms of Business,
the Securities Dealing Services Annex and this Annex.

3.

Compliance with the Market Requirements

3.1

Without limiting your obligations at all times to comply with the MarketRequirements, you shall at all times comply with the provisions of therules, regulations, by-laws, directives of Bursa Securities, Bursa Depository
or other relevant authority and any subsequent rules and/or regulations,amendments or revisions that may be brought into force from time to time.

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3.2

Without prejudice to Clause 6.4 of the Securities Dealing Services Annex,
you shall, with the period stipulated by us (if any), provide us with all suchinformation which we would reasonably require to ensure compliance withthe requirements set out in the Market Requirements.

4.

Acknowledgement and Confirmation
You have confirmed (whether in the Application Form or otherwise) thatyou acknowledge and confirm the terms and conditions that are applicableto the Services.
You have acknowledged receipt of the Structured
Warrants Risk Disclosure Statement (whether provided with the Application
Form or otherwise) that the risk disclosure statements in the “Structured
Warrants Risk Disclosure Statement Schedule” to this Annex are and havebeen fully explained to you in a language that you understand and that you
have read and understood them. You also confirm that you understandthat pursuant to Rule 5.15(8), you must disclose such information anddocuments relating to any dealings in securities as requested by Bursa
Securities immediately.

5.

AgencyIn the event that you have disclosed to us in writing that you are acting foryour clients and that you do not want to be treated as principal for yourtrades and, therefore, pursuant to Clause 3.6 of the Terms of Business thesupplemental terms set out in the Agency Schedule to the Terms ofBusiness apply to you, and you as agent for each Underlying Principal andon your own behalf, covenant to us that you will procure that each
Underlying Principal shall execute all such documents as we may
reasonably require prior to any transactions being effected for such
Underlying Principal including, without limitation, the relevant forms inconnection with the opening of a securities account with Bursa Depository,
such information and documents, if any, required by Bursa Securities
under Rule 5.15(8) of the Rules of Bursa Securities, the Structured
Warrants Risk Disclosure Statement referred to in Clause 4 of this Annex
and the written acknowledgement by the Underlying Principal agreeing,inter alia, to be bound by the terms and conditions prescribed in the Rulesof Bursa Securities.

6.

Anti-Money Laundering Act 2001
You warrant that all monies which will be paid to us shall come from alawful source of activity and not unlawful activities (as defined under theAnti-Money Laundering Act 2001 of Malaysia, as may be amended fromtime to time).

7.

Registration of Power of Attorney
You hereby acknowledge that all power(s) of attorney granted in ourfavour by you will be registered, as required pursuant to the Powers ofAttorney Act, and all fees and expenses incurred in connection with theregistration of such power(s) of attorney, shall be borne by you and until
payment in full of such fees and expenses, such outstanding amount will
be a debt due from you.

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8.

Process Agent
Notwithstanding Clause 2.2 of this Annex, the second sentence of Clause
25.16 of the Terms of Business shall not apply and that in the event thename of the process agent has not been provided in the Application Form
where:(a)you are not resident in Malaysia (in the case of an individual); or(b)you do not have a registered place of business in Malaysia (in thecase of a corporation),

you shall as soon as practicable provide us with details of your local
process agent who shall be authorised to receive on your behalf all notices
and communications relating to legal proceedings instituted against or
involving you, including any change in such appointment.
9.

Short Selling

9.1

Without limitation to your obligations under the Terms of Business and theSecurities Dealing Services Annex, for every transaction in Securities in theMalaysia Market, you will inform us if that trade is a short selling orderprior to or at time of the order.

9.2

For every short selling order conducted through us, you confirm that youwill make proper arrangements to cover the trade settlement including
entering into an agreement with a Participating Organisation approved by
Bursa Securities (“Relevant PO”) to participate in securities borrowing andlending to borrow the approved class of securities to be short sold (“StockAgreement”), and if applicable, that you have confirmation from yourlender for the delivery of the trade. In addition, you acknowledge andagree that you will procure that a copy of the Stock Agreement, certified to
be a true copy by the Relevant PO be provided to us before we execute any
short selling order.

9.3

For the avoidance of any doubt, this Clause 10 and your short selling
activities shall at all times be subject to Market Requirements including
without limitation, rules, regulations, by-laws, current government policies,
directives of Bursa Securities, Bursa Depository or other relevant authority
and any subsequent rules and/or regulations, amendments or revisions
that may be brought into force from time to time.

10.

Personal Data Protection

10.1

You acknowledge that we may obtain information including personal dataand sensitive personal data (as defined by the Personal Data Protection Act2010) about any of your (or any of your Underlying Principals) directors,employees, officers or agents (collectively, “data subject”). You represent
to us that (i) you have complied with and shall at all times comply with thePersonal Data Protection Act 2010 (as supplemented and amended fromtime to time); and (ii) each such person is aware of and consents to theprocessing and use of such data (including the transfer of such data
outside Malaysia).

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You agree that we may disclose such information to an affiliated company
or to professional and other advisers, agents or service providers wherever
located in the world to the extent necessary for the provision of Services toyou.

11.

Miscellaneous
The second sentence in Clause 21.3 of the Terms of Business shall beamended to read “If they are dispatched by prepaid post, a Communication
will be deemed given on the third day following its posting for local mail or,in the case a recipient address is in a country different from that in which
the Communication is posted, the seventh day following its posting”.
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Structured Warrants Risk Disclosure Statement Schedule(1)

This statement is provided to you in accordance with the directives of theRules of Bursa Malaysia Securities Berhad (“Rules of Bursa Securities”).

(2)

The purpose of this statement is to inform you that the risk of loss inpurchasing structured warrants can be substantial. You should therefore
assess if the purchase of structured warrants is suitable for you in light ofyour financial circumstances. In deciding whether to purchase structured
warrants you should be aware of the following:
(i)
(ii)
(iii)
(iv)

(v)

(vi)

(3)

The purchaser of a structured warrant is subject to the risk oflosing the full purchase price of the structured warrant and alltransaction costs;
In order to realise any value from a structured warrant, it isnecessary to sell the structured warrants or exercise the structuredwarrants on or before their expiry date;
Under certain conditions, it may become difficult to sell thestructured warrants;
Upon exercise of the structured warrants, the issuer may settle its
obligations via actual delivery of the underlying assets, in cash or a
combination of both depending on the terms of the issue of thestructured warrants;
Placing of contingent orders, such as “stop-loss” or “stop-limit”
orders, will not necessary limit your losses to the intended amount.
Market conditions may not make it possible to execute such orders;andThe high degree of leverage that is obtainable from structured
warrants because of the small initial outlay can work against you aswell as for you. The use of leverage can lead to large losses as wellas gain.

This brief statement cannot disclose all the risks and other aspects ofpurchasing structured warrants. You should therefore carefully study theterms and conditions of any structured warrant before you decide topurchase. If you are in doubt in relation to any aspect of this statement or
the terms of a structured warrant, you should consult your broker.

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