Standards of Conduct ______________________ By virtue of: (1) Clause 3(2) of the Capital Market Supervisory Board No. TorNor. 27/2552 Re: Rules, Conditions, and Procedures for Establishment and Management of

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Rules Conditions and Procedures for Establishment and Management of Property and Loan Funds (No. 2)

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Rules, Conditions and Procedures for Establishment of Mutual Funds (No. 9)

Establishment of Mutual Funds and Execution of Agreements for Management of Private Funds (No. 10)

Rules, Conditions and Procedures for Establishment and Management of Mutual Funds for Solving Financial Institution Problems