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This excerpt taken from the ICI 20-F filed Apr 1, 2005. "Regulatory
Compliance Matter "
means a Warranty Claim based on a breach of the Warranty set out at Paragraph
15.1 of Part 1 (General
Warranties Business and the Companies)
of Schedule 6 (Warranties)
where such claim arises as a result of any formal written notice or written
Proceeding issued, initiated or pursued by a Competent Authority or Governmental
Authority, acting in accordance with Environmental Laws alleging any non-compliance
with Environmental Laws or Environmental Permits;
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