Paragraph 16

In this Schedule “recognised stock exchange” means any of the following—

(a)

any stock exchange in any of the countries specified below which is a stock exchange within the meaning of the law of that country relating to stock exchanges—

Austria; Belgium; Brazil; Greece; Iceland; Republic of Ireland; Italy; Japan; Liechtenstein; Luxembourg; Mexico; Netherlands; New Zealand; Norway; Portugal; Spain; Sweden; Switzerland;

(b)

the Stock Exchange; the Copenhagen Stock Exchange; the Helsinki Stock Exchange; the Johannesburg Stock Exchange; the Kuala Lumpur Stock Exchange; the Singapore Stock Exchange;

(c)

any stock exchange in Australia which is a member of the Australian Associated Stock Exchanges, being a prescribed stock exchange within the meaning of Australian law relating to stock exchanges;

(d)

any stock exchange prescribed for the purposes of the Canadian Income Tax Act;

(e)

any stock exchange approved under the laws relating to stock exchanges in the Federal Republic of Germany;

(f)

any stock exchanges set up in France in accordance with the French legislation;

(g)

any stock exchange in Hong Kong which is recognised under the laws of Hong Kong;

(h)

any exchange registered with the Securities and Exchange Commission of the United States as a national securities exchange.