Paragraph 3

The formula mentioned in paragraph 2 above is

where

P is the premium referred to in paragraph 1(1)(a) above;

A is the length of the period beginning on the date on which the assignation in question takes effect and ending on the relevant date; and

G is the length of the period beginning on the date of the grant, continuance or renewal in respect of which the premium was paid and ending on the relevant date.