The Warrants will be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m. on 21 December 2007.

PROCEDURE FOR EXERCISE OF WARRANTS

(a) Lodgement Conditions

In order to exercise one (1) or more Warrants, a Warrant Holder must before 3.00 p.m. on any Business Day during the Exercise Period and before 5.00 p.m. on the Expiry Date, fulfill the following conditions:

(i) lodgement of the relevant Warrant Certificate registered in the name of the exercising Warrant Holder or CDP (as the case may be) for exercise at the specified office for the time being of the Warrant Agent together with the Exercise Notice (copies of which may be obtained from the Warrant Agent or the Company) in respect of the Warrants represented thereby, duly completed and signed by or on behalf of the exercising Warrant Holder and duly stamped in accordance with any law for the time being in force relating to stamp duty, provided always that the Warrant Agent may dispense with or defer the production of the relevant Warrant Certificate where such Warrant Certificate is registered in the name of CDP;

(ii) the furnishing of such evidence (if any) as the Warrant Agent may require to determine or verify the due execution of the Exercise Notice by or on behalf of the exercising Warrant Holder (including every joint Warrant Holder, if any) or otherwise to ensure the due exercise of the Warrants and such other evidence as the Company may require to verify due compliance with and for the purposes of administering and implementing the provisions set out in these Warrant Conditions;

(iii) the payment or satisfaction of the Exercise Price in accordance with the provisions of Warrant Condition 4(b) below;

(iv) the payment of deposit or other fees or expenses for the time being chargeable by, and payable to, CDP (if any) or any stamp, issue, registration or other similar taxes or duties arising on the exercise of the relevant Warrant(s) as the Warrant Agent may require; and

(v) if applicable, the payment of the expenses for, and the submission of any necessary documents required in order to effect, the registration of the new Shares in the name of the exercising Warrant Holder or CDP (as the case may be) and the delivery of certificates for such new Shares and any property or other securities to be delivered upon exercise of the relevant Warrants to the place specified by the exercising Warrant Holder in the Exercise Notice or to the Depositor (as the case may be).

Warrant Agent:

Tricor Barbinder Share Registration Services

8 Cross Street

#11-00 PWC Building

Singapore 048424

In summary, after you got your warrants share, you can start trading the warrant in open market or you can exercise it to convert to mother share by sending wwarrant certificate to the warrant agent. It takes some time for the conversion though.