S.L. 406.1 Art. 13AOption for certification.

In lieu of the certification referred to in regulation 13(b), a certified public accountant may opt to make the following certification:

"In accordance with paragraph (b) of regulation 13 of the Value Added Tax (Refund of Excise Tax on Trading Stock) Regulations, I/we have conducted a verification and valuation exercise on the attached application. In order to ascertain that the application is free of any material misstatement, I/we have conducted this exercise in accordance with International Standards on Accounting and Auditing. This exercise included assessing and accounting principles used and significant estimates made by the applicant, as well as evaluating the overall presentation of the application. More specifically my/our tests consisted in the performance of sample tests on the existence, ownership, cost, cut-off and categorisation of stock, and on the calculations contained in the application, as well as a review of the overall reasonableness of the stock figures. I/we believe that such an exercise provides a reasonable basis for my/our opinion. In my/our opinion the application has been drawn up in accordance with the provisions of the Value Added Tax (Refund of Excise Tax on Trading Stock) Regulations, and the information contained in such application and in the accompanying statements is fairly stated in all material respects.".