The Proposed Share Purchase Mandate

THAT:

(a) the exercise by the Board of Directors or, as the case may be, Directors of the Company of all the powers of the Company to purchase or otherwise acquire issued common shares

of par value US$0.0001 (?Common Shares?) not exceeding in aggregate the Maximum Limit (as hereafter defi ned), at such price or prices as may be determined by the Directors

from time to time up to the Maximum Price (as hereafter defi ned), by way of market purchase(s) on the Singapore Exchange Securities Trading Limited (?SGX-ST?) and/or any other

stock exchange on which the Common Shares may for the time being be listed and quoted (?Other Exchange?), and otherwise in accordance with Book 2 of the Civil Code of the

Netherlands Antilles, the Company?s Articles of Association and all other laws and regulations and rules of the SGX-ST or, as the case may be, Other Exchange as may for the time

being be applicable, be and is hereby authorised and approved generally and unconditionally (the ?Share Purchase Mandate?);

(b) unless varied or revoked by the general meeting of shareholders of the Company, the authority conferred on the Directors of the Company pursuant to the Share Purchase Mandate

may be exercised by the Directors at any time and from time to time during the period commencing from the date of the passing of this Resolution and expiring on the earlier of:

(i) the date on which the next Annual General Meeting of the Company is held; and

(ii) the date by which the next Annual General Meeting of the Company is required by law to be held;

(c) in this Resolution:

?Average Closing Price? means the average of the last dealt prices of a Common Share for the fi ve consecutive market days on which the Common Shares are transacted on the SGXST

or, as the case may be, Other Exchange immediately preceding the date of market purchase by the Company and deemed to be adjusted, in accordance with the listing rules of the

SGX-ST, for any corporate action which occurs after the relevant fi ve-day period;

?Equity? means the sum of the following components in the capital of the Company:

(a) the Nominal Capital;

(b) the additional paid-in share capital;

(c) the paid-up share premium; and

(d ) retained earnings and other reserves, less the losses, if any, of the Company, in so far as such losses have not yet been deducted from the reserves;

?Nominal Capital? means the sum of the nominal values of the Common Shares in issue from time to time;

?Maximum Limit? means that number of issued Common Shares representing 10% of the total number of issued Common Shares as at the date of the passing of this Resolution,

provided that the Equity of the Company at the time of the acquisition at least equals the Nominal Capital and as a result of the acquisition the Equity will not fall below the Nominal

Capital; and

?Maximum Price? in relation to a Common Share to be purchased or acquired by way of a market purchase, means the purchase price (excluding brokerage, commission, applicable

goods and services tax and other related expenses) which shall not exceed 105% of the Average Closing Price of the Common Shares; and

(d) the Directors of the Company and/or any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required)

as they and/or he may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this Resolution.

By Order of the Board of Directors

Robin Sims

Company Secretary

5 February 2007

Notes:

1. With the exception of The Central Depository (Pte) Limited (who may appoint more than two proxies), a shareholder entitled to attend, speak and vote at the Extraordinary General

Meeting is entitled to appoint not more than two proxies to attend, speak and vote on his/her behalf. A proxy need not be a shareholder of the Company.

2. A Shareholder Proxy Form that has been executed by a shareholder, or a CDP Proxy Form that has been executed by a Depositor, must be lodged at the offi ce of the Company?s Share

Transfer Agent in Singapore, Lim Associates (Pte) Limited, at 3 Church Street #08-01, Samsung Hub, Singapore 049483, not less than 48 hours before the time of the Extraordinary

General Meeting.

3. The amount of fi nancing required for the Company to purchase or acquire its Common Shares, and the impact on the Company?s fi nancial position, cannot be ascertained as at the

date of this Notice as these will depend on, inter alia, the number of Common Shares purchased or acquired and the price paid for such Common Shares.

Based on the existing issued Common Shares of the Company as at 25 January 2007, the purchase by the Company of 10% of its issued Common Shares will result in the purchase

or acquisition of 58,094,658 Common Shares. Assuming that the Company purchases or acquires the 58,094,658 Common Shares at the Maximum Price of US$0.410 for one

Common Share (being the price equivalent to 5% above the average of the last dealt prices of the Common Shares for the fi ve consecutive market days on which the Common Shares

were traded on the SGX-ST immediately preceding 25 January 2007), the maximum amount of funds required for the purchase or acquisition of the 58,094,658 Common Shares is

US$23,818,810.

The fi nancial effects of the purchase or acquisition of such Common Shares by the Company pursuant to the proposed Share Purchase Mandate on the audited fi nancial statements

of the Group and the Company for the fi nancial year ended 31 December 2005 based on these assumptions are set out in paragraph 3.8 of the Company?s Circular to Shareholders

and Depositors dated 5 February 2007.inter alia, the number of Common Shares purchased or acquired and the price paid for such Common Shares.

Based on the existing issued Common Shares of the Company as at 25 January 2007, the purchase by the Company of 10% of its issued Common Shares will result in the purchase

or acquisition of 58,094,658 Common Shares. Assuming that the Company purchases or acquires the 58,094,658 Common Shares at the Maximum Price of US$0.410 for one

Common Share (being the price equivalent to 5% above the average of the last dealt prices of the Common Shares for the fi ve consecutive market days on which the Common Shares

were traded on the SGX-ST immediately preceding 25 January 2007), the maximum amount of funds required for the purchase or acquisition of the 58,094,658 Common Shares is

US$23,818,810.

The fi nancial effects of the purchase or acquisition of such Common Shares by the Company pursuant to the proposed Share Purchase Mandate on the audited fi nancial statements

of the Group and the Company for the fi nancial year ended 31 December 2005 based on these assumptions are set out in paragraph 3.8 of the Company?s Circular to Shareholders

and Depositors dated 5 February 2007.

Statement pursuant to Article 13.6 of the Articles of Association of the Company

Resolution 1 is to empower the Board of Directors to modify Section 5(d)(ii) of the LMA International N.V. Executive Share Option Plan. A description of the modifi cation to the LMA

International N.V. Executive Share Option Plan and the rationale therefor are set out in the Circular to Shareholders and Depositors dated 5 February 2007.

Resolution 2 is to empower the Board of Directors to modify Section 5(d)(ii) of the LMA International N.V. Executive Share Option Plan in relation to the PASO Options of Jane Gaines-

Cooper and each of her and Robert Gaines-Cooper?s Associates. A description of the modifi cation to the LMA International N.V. Executive Share Option Plan and the rationale therefor are

set out in the Circular to Shareholders and Depositors dated 5 February 2007.

Resolution 3 is to approve the proposed share purchase mandate. A description of the proposed share purchase mandate, the rationale therefor and the fi nancial effects on the Company

(based on certain assumptions) are set out in the Circular to Shareholders and Depositors dated 5 February 2007.

...Based on the existing issued Common Shares of the Company as at 25 January 2007, the purchase by the Company of 10% of its issued Common Shares will result in the purchase

or acquisition of 58,094,658 Common Shares. Assuming that the Company purchases or acquires the 58,094,658 Common Shares at the Maximum Price of US$0.410 for one

Common Share (being the price equivalent to 5% above the average of the last dealt prices of the Common Shares for the fi ve consecutive market days on which the Common Shares

were traded on the SGX-ST immediately preceding 25 January 2007), the maximum amount of funds required for the purchase or acquisition of the 58,094,658 Common Shares is

US$23,818,810....

Hope you are enlightened..The share buy back price is based on price of shares on average the immediate 5 days preceding..

They are just using that price as an example against the backdrop of such and such a case..vis a vis..

and Depositors dated 5 February 2007.inter alia, the number of Common Shares purchased or acquired and the price paid for such Common Shares.

Based on the existing issued Common Shares of the Company as at 25 January 2007, the purchase by the Company of 10% of its issued Common Shares will result in the purchase

or acquisition of 58,094,658 Common Shares. Assuming that the Company purchases or acquires the 58,094,658 Common Shares at the Maximum Price of US$0.410 for one

Common Share (being the price equivalent to 5% above the average of the last dealt prices of the Common Shares for the fi ve consecutive market days on which the Common Shares

were traded on the SGX-ST immediately preceding 25 January 2007), the maximum amount of funds required for the purchase or acquisition of the 58,094,658 Common Shares is

US$23,818,810.

The fi nancial effects of the purchase or acquisition of such Common Shares by the Company pursuant to the proposed Share Purchase Mandate on the audited fi nancial statements

of the Group and the Company for the fi nancial year ended 31 December 2005 based on these assumptions are set out in paragraph 3.8 of the Company?s Circular to Shareholders

and Depositors dated 5 February 2007.

and Depositors dated 5 February 2007.inter alia, the number of Common Shares purchased or acquired and the price paid for such Common Shares.

Based on the existing issued Common Shares of the Company as at 25 January 2007, the purchase by the Company of 10% of its issued Common Shares will result in the purchase

or acquisition of 58,094,658 Common Shares. Assuming that the Company purchases or acquires the 58,094,658 Common Shares at the Maximum Price of US$0.410 for one

Common Share (being the price equivalent to 5% above the average of the last dealt prices of the Common Shares for the fi ve consecutive market days on which the Common Shares

were traded on the SGX-ST immediately preceding 25 January 2007), the maximum amount of funds required for the purchase or acquisition of the 58,094,658 Common Shares is

US$23,818,810.

The fi nancial effects of the purchase or acquisition of such Common Shares by the Company pursuant to the proposed Share Purchase Mandate on the audited fi nancial statements

of the Group and the Company for the fi nancial year ended 31 December 2005 based on these assumptions are set out in paragraph 3.8 of the Company?s Circular to Shareholders

and Depositors dated 5 February 2007.