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Dec 4 2012 onwards

Declaration Notice – Article 38



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TAKE NOTICE THAT the Dubai Financial Services Authority (DFSA), pursuant to Article 38(4) of the Markets Law 2012 (the Law), hereby declares that any Person who:

(a) has made an Exempt Offer in or from the Dubai International Financial Centre (DIFC) between the date of enactment of the Law and the date on which this notice takes effect; or
(b) makes an Exempt Offer in or from the DIFC between the date on which this notice takes effect and the date on which this notice expires or is withdrawn by the DFSA,

is not a Reporting Entity for the purposes of the Law and the Markets Rules in respect of such Exempt Offer, unless the Securities offered under the relevant Exempt Offer are admitted to the Official List of Securities.

THIS NOTICE TAKES EFFECT ON 4 DECEMBER 2012 AND REMAINS IN FORCE UNTIL FURTHER NOTICE.

Pursuant to Article 38(5) of the Law, between the date of this notice and its expiration or withdrawal by the DFSA, any Person affected by this notice may make representations in person and in writing to the DFSA. Written representations and requests to make representations in person should be sent to markets@dfsa.ae.

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 module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

THIS NOTICE IS ISSUED AT 15.00 hours on 25 November 2012 by:

……………………………………………
Ian Johnston, Chief Executive
The Dubai Financial Services Authority