Adherence, (ii) such Affiliate agreeing to re-transfer such Equity Shares to the relevant Investor (or its
Affiliate) upon ceasing to be an Affiliate of such Investor. Notwithstanding anything stated in these
Articles, the Investors shall be free to assign all its rights under the Shareholders Agreement including
the Special Rights and Investor Director Rights to any of its Affiliates provided such Affiliate (a) executes
a Deed of Adherence; and (b) is agreeable to re-assign those Special Rights back to such Investor upon
ceasing to be an Affiliate of such Investor. Nothing contained herein shall be construed as permitting
both the Investors and the Assignee to enjoy Investor Director Rights simultaneously and there cannot
not be more than one Affiliate holding the Special Rights at the same time.

Transfer of Special Rights

17.

An Investor may transfer its Special Rights under these Articles to the Investor Third Party Transferee.
Only so long as the Investor, or the Investor Third Party Transferee, as the case may be, continues to
hold the Rights Threshold, they will be entitled to the Special Rights. “Rights Threshold” shall mean
holding either the (i) 50% (fifty per cent) of the number of respective Investor Shares held by such
Investor reckoned as Shares on a Fully Diluted Basis; or (ii) 5% (five per cent) of the Share Capital of
the Company, whichever is lower. Investor concerned has the absolute discretion to transfer the Special
Rights to such Investor Third Party Transferee or retain the Special Rights with it until cessation of those
rights in terms of the Shareholders Agreement. Both the Investor and the Investor Third Party Transferee
shall not be entitled to the right to appoint Investor Director envisaged under Article 72 (Board
Composition) at the same time. Subject to Rights Threshold, any second and subsequent transferee of the
Equity Shares who acquires any shares from such Investor Third Party Transferee, shall be entitled to
the Special Rights which may have been transferred to it by the Investor Third Party Transferee. In the
event that either of the Investors ceases to hold the Rights Threshold following the Transfer to the
Investor Third Party Transferee, such Investor shall no longer be entitled to Special Rights and shall only
be entitled to the Essential Rights so long as the Investor concerned continues to hold not less than 2%
(two per cent) of the Share Capital of the Company. It is clarified that, except for the Special Rights,
which may be transferred pursuant to this Article 17, all other rights of the Investors under the
Shareholders Agreement shall be freely transferable by the Investors to any Third Party.

Cessation of Special Rights

18.

In the event that any of Investors Transfer more than 70% (seventy per cent) of the number of the Investor
Shares reckoned as Shares on a Fully Diluted Basis held by such Investor in one or more Transfer(s), the
Investor shall, upon completion of such Transfer(s), cease to have any Special Rights. However the
Investor concerned shall be entitled to Essential Rights so long as it continues to hold not less than 2%
(two per cent) of the Share Capital of the Company.

Preemptive and Anti-Dilution Rights

19.

(a) The Investors shall have the right to subscribe to their respective pro-rata share of New
Securities (as defined below) in the manner set out below. The Company and the Sponsors shall
ensure that the Investors are protected against any dilution of their shareholding in the Company
in the event of any share split, bonus shares, share dividends, consolidation of shares,
combinations and such similar events. In the case of a dilution event other than by virtue of
transfer of Investor Shares by such Investor to any Affiliate or a Third Party, the Company shall
be bound to, and the Sponsors shall be bound to co-operate with the Investors and the Company
such that the Company forthwith takes all necessary steps to issue additional Equity Shares or
other securities convertible into Equity Shares to the Investors as would enable the Investors to
maintain their respective proportion of shareholding reckoned as Shares on a Fully Diluted Basis
in the Company in accordance with the terms and conditions of these Articles, in accordance
with Applicable Law.

(b) Subject to Article 102 (Investor Consent Rights), if the Company proposes to issue New
Securities, it shall give the Investors written notice of its intention, describing the type and
number of New Securities to be issued, the price at which they are proposed to be issued, the
Persons to whom they are proposed to be issued and other terms and conditions of such issuance,
and specifying each of the Investor's pro-rata share of such issuance, such that each Investor can
maintain the proportion of its shareholding in the Company reckoned as Shares on a Fully
Diluted Basis (the "Issue Notice"). Each Investor shall have thirty (30) days after the receipt of

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