Filing Deadline for Annual Reports on Form 20-F Accelerated to 120th Day After Fiscal Year End

On August 27, the U.S. Securities and Exchange Commission (SEC) adopted a number of rule amendments intended to update and enhance disclosure and filing requirements applicable to foreign issuers, including, most significantly for many foreign private issuers, an amendment that shortens the deadline for filing their Annual Reports on Form 20-F from 180 days to 120 days after their fiscal year end. The new deadline will be applicable for fiscal years ending on or after December 15, 2011. Accordingly, for a calendar-year issuer the new deadline will first be effective for Annual Reports filed in 2012.

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