This note is not part of the notice, but is intended to indicate its general effect.
This notice comes into force on 1 June 1999 and expires on 31 May 2008. The notice exempts Cathay Pacific Airways Limited from the prospectus and investment statement requirements and various other requirements of the Securities Act 1978 and the Securities Regulations 1983.
The exemption applies to shares in Cathay Pacific Airways Limited that are listed on the London and Hong Kong stock exchanges, and options over those shares, offered and allotted to employees in New Zealand of the company or its subsidiaries, under the company's share option plan of 10 March 1999.
The exemption is subject to a condition requiring certain information to be provided to employees before they subscribe for shares or options under the plan.