Translation of "Zeichnungspreis" in English

If the subscription price is out of the money, the share CFD positions will remain unchanged.

Attracting this demand means offering shares at a sufficiently attractive subscription price;

The conditions for this issue are as follows: a coupon of 2 % capitalised at the end of 2004, a parity of one ORA to one share, an issue price of EUR 1.40, plus an issue premium of 10 to 20 %.

With regard to the subscription price for the shares issued by Dexia under the recapitalisation operation, the Belgian authorities emphasise that the price of EUR 9,9 per share, which corresponds to the average price in the thirty days preceding the operation, was set in accordance with the provisions of Article 598 of the Belgian Companies Code.

Pursuant to Article 598 of the Belgian Companies Code, the subscription price is equal to the mean of the closing rates for Dexia SA shares on the NYSE Euronext Brussels during the 30 calendar days preceding the decision by the Board of Directors of Dexia SA (dated 14 November 2012) to propose that shareholders undertake a capital increase, i.e. EUR 0,19.

In the event the subscription price was somewhatbelow the price ruling on the stock market and the Commission, therefore,informed the Netherlands Government that it considered that no aid elementwas involved.

In its decision of June 1983 the Commission hadspecified that the proposed purchase of a State shareholding was to be considered as an aid to the extent that the subscription price exceeded the stockexchange price of the shares.

Under terms of this financing, Telesta has issued 108,966,814 common shares at a subscription price per share of C$0.3405 / US$0.2623 being the 5-day volume weighted average price of Telesta's common shares at the close of markets on Wednesday, August 12 th.

If the subscription price is in the money, the share CFD positions of all traders, that have open Long or Short positions in the underlying share, will be increased accordingly.

The contribution in kind consists of a maximum of 139.671 shares in Schulthess, corresponding to a subscription price for each new B-share of approximately SEK 107:23.

Concurrently, Inca One announces a non-brokered private placement of up to 22,7 00,000 u nits (the " Units ") at a subscription price of CAD$0.11 per Unit, for gross p roceeds of up to CAD$2,500,000 (the " Equity Private Placement "), subject to TSX V approval.

The subscription price of EUR 2.35 per share is equivalent to a premium of around 37% on the closing price in Xetra of 23 February 2010 (EUR 1.72).

Certain details of the Distribution and the Rights Offering, including the number of Cautivo Shares to be received by shareholders of the Co mpany for each Sierra Share held, the number of r ights ("Rights") to be distributed, the subscription price for Cautivo Shares under the Rights Offering, the total size of the Rights Offering and the timing of the Distribution and the Rights Offering have not been finalized.

Inca O ne will undertake, on a post-C onsolidation basis, a non-brokered private placement of up to 16,000,000 units (the " Units ") of the C ompany at a subscription price of $0.25 per Unit, for gross proceeds of up to $ 4,000,000.

As a result of current market conditions, the Company will be making an application to the TSX Venture Exchange (the "Exchange") for a waiver to the private placement price as the proposed subscription price is below the minimum allowed pursuant to the policies.

The subscription price for the Option Shares shall be at a 10% discount to the 30 day volume weighted average traded price ("VWAP") of DRDGOLD shares on the day prior to the date of exercise.

The subscription price amounts to EUR2.3054 par value per new share and equals the VWAP of the Company"s share during the ten trading days preceding the issuance of the bonds.

Certain details of the distribution and the rights offering, including the number of Cautivo shares to be received by shareholders of the Company for each Sierra share held, the number of rights to be distributed, the subscription price for Cautivo s hares under the rights offering, the total size of the rights offering and the timing of the distribution and the rights offering have not been finalized.

One (1) right will entitle the holder to purchase one (1) Explor common share at a subscription price of $0.05 per common share (the "Rights Offering Subscription Price").

On the issue date of the rights, the subscription price of the underlying share is checked against the closing price of the share on the last trading day before the ex-date.

The subscription price to be paid to subscribe for one Unit under the Righ ts Offering will be determined by Robix and MRCC in the context of the market before Robix 's rights offering circular is filed.