S.L. 254.9 Art. 4Duration of transfer of leases.

(1) The title of lease of the premises listed in the First

Schedule which has been vested in the company as from the 1st May, 1998, shall remain so vested in the company until the 31st May, 2016 or for such time as the said company holds a licence to provide the postal services mentioned in article 8(1) of the Act, whichever is the shorter.

(2) The title of lease of the premises listed in the Second Schedule which has been vested in the company by the Government as from the 1st May, 1998 shall remain so vested in the company by the Government until the 31st May, 2018 or for such time as the said company holds a licence to provide the postal services mentioned in article 8(1) of the Act, whichever is the shorter.

(3) The transfer of the titles of lease referred to in the preceding sub-articles may be extended for further periods up to the 31st May, 2028.