The directors of Omega Insurance Holdings Limited may, in their absolute discretion and without assigning any reason therefore, decline to register any transfer of any share which is not fully paid. The bye-laws of Omega Insurance Holdings Limited do not contain any restrictions other than those described above on the transferability of fully-paid shares provided that Omega Insurance Holdings Limited has no lien over such shares, is duly stamped (if so required) and the directors are satisfied that all applicable approvals under Bermuda law required to be obtained prior to such transfer have been obtained.
Under a general policy of the Bermuda Monetary Authority, the common shares of Omega Insurance Holdings Limited may be freely transferred under the Bermuda Exchange Control Act 1972 and related regulations. If the Bermuda Monetary Authority withdraws its consent to free transferability, then the trading of the common shares on the London Stock Exchange will be immediately suspended. Such suspension would remain in force until the Bermuda Monetary Authority reinstated its consent to the free transferability of such common shares.