Template:2002 ISDA Equity Derivatives Definitions 7.3(a)

7.3(a) in respect of a Cash-settled Share Option Transaction or a Share Forward Transaction,
the price per Share determined by the Calculation Agent as provided in the related Confirmation as of the
Valuation Time on the Valuation Date or, if no means for determining the Settlement Price are so
provided (i) in respect of any Share for which the Exchange is an auction or “open outcry" exchange that
has a price as of the Valuation Time at which any trade can be submitted for execution, the Settlement
Price shall be the price per Share as of the Valuation Time on the Valuation Date as reported in the
official real-time price dissemination mechanism for such Exchange; and (ii) in respect of any Share for
which the Exchange is a dealer exchange or dealer quotation system, the Settlement Price shall be the
mid-point of the highest bid and lowest ask prices quoted as of the Valuation Time on the Valuation Date
(or the last such prices quoted immediately before the Valuation Time) without regard to quotations that
"lock" or “cross" the dealer exchange or dealer quotation system;