Acquisitions frequently require that Company notify antitrust enforcement agencies in the United States and elsewhere and wait to complete our acquisition until the agencies have concluded their review. Many competition enforcement agencies require that, during the antitrust review period, the buyer and seller in a merger or acquisition continue to operate independently and that the buyer not begin to control the seller’s activities until after the acquisition has been approved. In particular, if they buyer and seller competed before the acquisition, competition enforcement agencies require that they continue to compete until antitrust approval has been obtained. In addition, buyers are prohibited from taking operational control of sellers until antitrust approval. This document sets out Company’s policy of compliance with competition enforcement agency rules concerning interactions between Company and acquisition targets before we have received approval for our deals, and provides background on how we achieve that compliance.

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