SCHEDULE 1Persons who have significant influence or control over another

PART 5Overseas entities

Interpretation of Part 5

21.

(1)

A reference to a power to appoint or remove a majority of the board of directors of an overseas entity is a reference to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all or substantially all matters.

(2)

References to a board of directors, in the case of an overseas entity that does not have such a board, are to be read as references to the equivalent management board of that entity.