In the following Chapters, there are exemptions from the charge where certain control tests are satisfied. The chapters and their respective relieving provisions are, as from 2 December 2004:

* Chapter 2 (restricted securities) ITEPA03/S429
* Chapter 3 (convertible securities) ITEPA03/S443
* Chapter 3C (securities acquired for less than market value) ITEPA03/S446R
* Chapter 4 (post-acquisition benefits from securities) ITEPA03/S449

The relief is subject to the following tests:

(1)the employment-related securities are shares (or an interest in shares) in a company of a class;

(2)all the company's shares of that class:

are restricted in the same way (Chapter 2), or

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