Regulations Governing Public Tender Offers for Real Estate Investment Trust Beneficiary Securities Article 19

The public tender offer period may not be less than 20 days nor more than 50 days.In the circumstance under Article 7, paragraph 2 or for another legitimate reason, the original public tender offeror may file with the FSC and publicly announce an extension of the public tender offer period, provided that the combined total of such extension periods may not exceed 50 days.