10:03 NWS HOLDINGS<00659> - Announcement (2) The Operational Services, the Other Services and the continuing connected transactions under the Conditional Waiver shall collectively be referred to as the Continuing Connected Transactions. 2. THE MASTER SERVICES AGREEMENT Date 30 May 2005 Parties The Company and NWD Term The Master Services Agreement has an initial term of three years (from 1 July 2005 to 30 June 2008). Subject to re-compliance with the reporting, announcement and independent shareholders' approval requirements under Rules 14A.45 to 14A.48 of the Listing Rules and/or any other applicable requirements under the Listing Rules at the relevant time, the Master Services Agreement may be renewed for a further term of three years unless either party gives written notice to the other party not later than two months before the expiry of the initial term. Provision of the Operational Services and the Other Services Under the Master Services Agreement, (a) NWD agrees to, and agrees to procure that members of the NWD Group shall (to the extent practicable), engage members of the Group to provide the Operational Services and to sell food products to NWD and/or relevant members of the NWD Group and (b) the Company agrees to, and agrees to procure that members of the Group shall (to the extent practicable), engage members of the NWD Group to rent properties, vehicles and vessels to the Group, during the term of the Master Services Agreement. The Operational Services and the Other Services include the following categories of services, and such other types of services as the Company and NWD may agree upon from time to time in writing: Operational Services category Description of services a. Contracting Services Building and general construction, civil engineering, building exterior and interior design, building repair, renovation maintenance and other services, demolition, piling and foundation, building and property fitting out and decoration work, construction management, the supply of construction and building equipment and materials, electrical and mechanical engineering works, supply and installation of air-conditioning, heating and ventilation systems, fire services systems, plumbing and drainage systems, lift repair and maintenance services and electrical systems and system design and consultancy and computer aided drafting services. b. Facility Management Services Provision of information technology services, provision of convention and exhibition facilities, related functions and services, food and beverage catering services at the Hong Kong Convention and Exhibition Centre and other locations, food processing, trading and supply, and merchandise sourcing, procurement and supply. c. Security and Guarding Services Provision of security guards, security systems installation and maintenance services, armoured transport services and supply of security products. d. Cleaning and Landscaping Services General cleaning, landscaping and plant maintenance, the supply of plants and laundry services. e. Financial Services Risk management, insurance management, global and regional management, alternate risk financing and reinsurance broking services. Operational Services category Description of services f. Property Management Services Property management, property sales, letting agency services, pre-marketing consultancy services, technical services and the provision of car parking, management and related services (including certain rebates to be paid by the Group). Other Services category Description of services a. Rental of properties, vehicles and vessels Rental of office, commercial, storage and car-parking spaces, vehicles and vessels by the Group from the NWD Group. b. Sale of Food Products Supply of food products by the Group to the NWD Group in Hong Kong and the PRC.