SCHEDULE 3MODEL ARTICLES FOR PUBLIC COMPANIES

PART 4SHARES AND DISTRIBUTIONS

PARTLY PAID SHARES

Surrender of sharesI162

1

A member may surrender any share—

a

in respect of which the directors may issue a notice of intended forfeiture;

b

which the directors may forfeit; or

c

which has been forfeited.

2

The directors may accept the surrender of any such share.

3

The effect of surrender on a share is the same as the effect of forfeiture on that share.

4

A share which has been surrendered may be dealt with in the same way as a share which has been forfeited.