Section 0

65 4.60 52.49

Total 8.00 10.45 34.04

Notes:

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Threshold Value has the meaning ascribed to it in this Ordinance.

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Net Return in relation to any year referred to above, means the Target Return for that year minus the Estimated Costs of Investment for that year.

60

61

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The Net Return in relation to any year shall be calculated on the assumption that the Initial Appropriation or Annual Appropriation occurs on the first day of such year. If the relevant appropriation occurs after the first day of such year then the Net Return should be adjusted according to the number of days after the first day of such year on which it occurs.

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Target Return in relation to any year, means the target return on investments in that year, before adjusting for the prevailing inflation rate (“CPI”) as published by Bank Negara Malaysia. Such target return shall be as follows:

○

Years 1 to 7: 5.5% per annum

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Years 8 to 14: 7% per annum

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Years 15 to 20: 10% per annum

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The Threshold Value table set out above has been prepared on the basis that the base inflation rate in each year is 3%, however the Threshold Value each year shall be adjusted for the actual prevailing inflation rate as published by Bank

Negara Malaysia.

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Estimated Costs of Investment means the estimated costs to be incurred per annum in relation to the management of the Assets of the Fund.

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The Threshold Value each year will be adjusted for the actual cost incurred in relation to the management of the assets of the Fund.

LAWS OF SARAWAK