No. 80/ANK/BK ANU-KRET ON MEASURES RESTRICTING CERTAIN INVESTMENT SECTORS

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Filename: 04 ANK80-99-LoI Neg List.doc Kingdom of Cambodia Nation Religion King No. 80/ANK/BK ANU-KRET ON MEASURES RESTRICTING CERTAIN INVESTMENT SECTORS The Royal Government of Cambodia: - Referring to the 1993 Constitution of the Kingdom of Cambodia; - Referring to Reach Kret No. NS/RKT/1198/72 of November 30, 1998 on the formation of the Royal Government of Cambodia; - Referring to Reach Kram No. 02/NS/RKM/94 of July 20, 1994 promulgating the Law on the Organization and Functioning of the Council of Ministers; - Referring to Reach Kram No. 03/NS/94 of August 5, 1994 promulgating the Law on Investment of the Kingdom of Cambodia; - Referring to Anu-Kret No. 51/ANK/BK of June 26, 1995 on the Organization and Functioning of the Council for Development of Cambodia; - Referring to Anu-kret No. 88/ANK/BK of December 29, 1997 on the Implementation of the Law on Investment of the Kingdom of Cambodia and its amending Anu-Kret No. 53/ANK/BK of June 11, 1999; - Pursuant to the Political Platform of the Royal Government presented to the National Assembly on November 30, 1998; and - With the approval of the Council of Ministers during the Cabinet Meeting of August 27, 1999. IT IS HEREBY DECIDED Article 1: The following investment sectors shall be restricted on the basis of national security, social welfare, or economic needs as listed in the sensitive list for the opening of industries and for the granting of national treatment in the attached annex. Article 2: Any provisions contrary to this Anu-Kret shall be abrogated. Article 3: The Minister in charge of the Office of the Council of Ministers, the Minister of Economy and Finance, the Council for the Development of Cambodia and all concerned ministries and institutions shall implement this Anu-kret from the date of its signature. Phnom Penh, August 27, 1999 Prime Minister Signature and Seal Submitted to Samdech Prime Minister by the Senior Minister Minister of Economy and Finance Keat Chhon HUN SEN

ISIC CODE Annex 1 Sensitive List for the opening up of industries SECTORS/INDUSTRIES REMARKS (RESTRICTIONS/ REQUIREMENTS) I. Industries Closed to Both National and Foreign Investments 3698 Manufacture/processing of cultural items Subject to prior approval from relevant Ministries 2021 Sawn timber, veneer, plywood, wood-based products utilizing local logs as raw materials. 2411 DBSA Production. Toxic chemicals effecting health of community and impacting to environment. Production of toxic chemicals or utilization of toxic agents No new license will be issued. - Subject to prior approval from Ministry of Health and related Ministries. - Prohibited in accordance with an international treaty. 2429 Manufacture of psychothopic substance - Prohibited for the psychothopic substances listed in schedule I. - Subject to specific details provided by Ministry of Health and the psychothopic substances listed in schedule II and III. 2429 Manufacture/processing of narcotic drugs Prohibited 2927 Manufacture of weapons and ammunitions National defense policy N.A Manufacture of firecracker and fireworks Subject to control N.A Manufacture related to defense and securities National defense policy II. Industries Closed only to Foreign Investors, i.e., SME, National Policies II. Industries Open with Restriction to Foreign Investors 1600 Manufacture of cigarette Only of export (100%) 1551 Alcohol Subject to prior approval from relevant Ministries 1320 Exploitation of gemstones Subject to local equity 2691 Bricks made of clay (hollow, solid) and tile,. Subject to local equity 1531 Rice mill Subject to local equity 2029 Manufacturing of wood and stone carving Subject to local equity 1711 Silk weaving Subject to local equity IV. Manufacturing Related Services 2210 Publishing 2212 Publishing of newspaper, journals and periodicals Subject to discussion with Ministry of Information and Ministry of Culture and Fine Arts 2213 Publishing of record media

2219 Other publishing Foreign equity is restricted to maximum of 49% 2221 Printing 2222 Service activities related to printing 9213 Radio and television activities V. Others NIL

Annex 2 Sensitive List for the Granting of National Treatment MEASURES DESCRIPTION OF TREATMENT Ownership of Land - Foreign can not own land. The land can be leased for 70 years, renewable. Work permit All foreign investors and foreign employees must obtain work visas and work permit. Recruitment of personnel Foreign investors shall give priority to Cambodian citizen in recruiting and hiring. They have the right to employ skilled foreign personnel and experts who are not available in the Kingdom of Cambodia among the Cambodian people. But they are subject to Immigration Law and Labor Law. Annex 3 Temporary Exclusion List for the opening up of industries ISIC CODE SECTORS/INDUSTRIES REMARKS (RESTRICTIONS/REQUIREMENTS) I. Industries Closed to both Foreign and National Investments II. Industries Closed only to Foreign Investors, i.e., SME. National Policies III. Industries Open to Local and Foreign Investors with Restriction only to Foreign Investors IV. Manufacturing of Related Services V. Other Services

Annex 4 Psychotropic Substances Table 1: Convention 1971 1. BROLACFETAMINE 10. MDMA 19. PSILOCYBINE 2. CATHINONE 11. MESCALINE 20. ROLICYCLIDINE 3. DET 12. 4-METHYL-MDA 21. STPDOM 4. DMA 13. MMDA 22. TENAMFETAMINE 5. DMHP 14. N-ETHYL-MDA 23. TENOCYCLIDINE 6. DMT 15. N-HYDROXY-MDA 24. TETRAHYDROCANNABINOL 7. DOET 16. PARAHEXYL 25. TMA 8. ETYCYCLIDINE 17. PMA 9. (+)-LYSERGIDE 18. PSILOCINE, PSILOTSIN Table Il: Convention 1971 1. AMFETAMINE 5. MECLOQUALONE 9. PHENCYCLIDINE 2. DEXAMFETAMINE 6. METAMFETAMINE 10. PHENMETRAZINE 3. FENETYLLINE 7. METHAQUALONE 11. METAMFETAMINE RACEMATE 4. LEVAMFETAMINE 8. METHYLPHENlDATE 12. SECOBARBITAL Table IlI: Convention 1971 1. AMOBARBITAL 23. ETHCHLORVYNOL 45. METHYPRYL.ON 2. ALLOBARBIAL 24. ETHINAMATE 46. MIDAZOLAM 3. ALPRAZOLAM 25. ETILAMFETAMINE 47. NIMETAZEPAM 4. AMFEPRAMONE 26. FENCAMFAMIN 48. NITRAZEPAM 5. BARBITAL 27. FENPROPOREX 49. NORDAZEPAM 6. BENZFETAMINE 18. FLUDIAZEPAM 50. OXAZEPAM 7. BROMAZEPAM 29. FLUNITRAZEPAM 51. OXAZEPAM 8. BUPRENORPHINE 30. FLURAZEPAM 52. PEMOLINE 9. BUTALBITAL 31. GLUTETHIMIDE 53. PENTAZOCINE 10. BUTOBARBITAL 32. HALAZEPAM 54. PENTOBARBITAL 11. CATHINE 33. HALOXAZOLAM 55. PHENDIMETRAZINE 12. CAMAZEPAM 34. KETAZOLAM 56. PHENOBARBITAL 13. CHLORDIAZEPOXIDE 35. LEFETAMINE 57. PHENTERMINE 14. CLOBAZAM 36. LOFLAZEPATE ETHYL 58. PINAZEPAM 15. CLONAZEPAM 37. LOPRAZELAM 59. PIPRADROL 16. CLORAZEPATE 38. LORAZEPAM 60. PRAZEPAM 17. CLOTIAZEPAM 39. LORMETAZEPAM 61. PYROVALERONE 18. CLOXAZOLAM 40. MAZINDOL 62. SECBUTABARBITAL 19. CYCLOBARBITAL 41. MEDAZEPAM 63. TEMAZEPAM 20. DELORAZEPAM 42. MEFENOREX 64. TETRAZEPAM 21. DIAZEPAM 43. MEPROBAMATE 65. TRIAZOLAM 22. ESTAZOLAM 44. METHYLPHENOBARBITAL 66. VINYLBITAL