Common use of CONTRACTUAL TERMS Clause in Contracts

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus dated 14 July 2020 [and the supplemental base prospectus dated [•] which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein [for the a Include where Part B item 6(vi) of the Final Terms specifies "Applicable". purposes of the Prospectus Regulation] and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus dated [•] [and the supplemental prospectus dated [•]] which are incorporated by reference into the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes of the Prospectus Regulation] and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. (i) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]

CONTRACTUAL TERMS. The Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any offer of Covered Bonds in any Member State of the European Economic Area which has implemented the Prospectus Directive 2003/71/EC (the Prospectus Directive) (each, a Relevant Member State) will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Covered Bonds. Accordingly any person making or intending to make an offer in that Relevant Member State of the Covered Bonds may only do so in circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of Covered Bonds in any other circumstances. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 5 November 2010 [and the supplement to the Prospectus dated [insert date]] ([together,] the Prospectus), which constitute[s] a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the Prospectus Directive). This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Offering Circular. Full information on the Issuer, the Guarantor and the Covered Bond Guarantor and the offer of the Covered Bonds is only available on the basis of the combination of these Final Terms and the Offering Circular. Pursuant to Article 14(2) of the Prospectus Directive, the Offering Circular is available, free of charge, at the registered office of the Issuer and on the website of the Luxembourg Stock Exchange (xxx.xxxxxx.xx) and copies may be obtained, free of charge, from the registered office of the Principal Paying Agent at Winchester House, 0 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus Prospectus dated 14 July 2020 [original date] [and the supplemental base prospectus supplement to the Prospectus dated [•] which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation")insert date]]. This document constitutes the Final Terms of the Notes Covered Bonds described herein [for the a Include where Part B item 6(vi) of the Final Terms specifies "Applicable". purposes of the Prospectus Regulation] and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus dated [•] [and the supplemental prospectus dated [•]] which are incorporated by reference into the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes of the Prospectus Regulation] and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. (i) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]Article

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus Base Prospectus dated 14 July 2020 [and the supplemental base prospectus dated [•] 15 September, 2005, which [together] constitute[s] constitutes a base prospectus (the "Base Prospectus") for the purposes of Regulation the Prospectus Directive (EUDirective 2003/71/EC) 2017/1129 (the "‘‘Prospectus Regulation"Directive’’). This document constitutes the Final Terms of the Notes described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] Issuer and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these the Final Terms] [is] [are] Terms are available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at [the offices of the Issuer[, the Guarantor] Issuing and the Principal Paying Agent and the office of any Paying Agent in Luxembourg] and copies may be obtained free of charge from such offices[the Issuing and Principal Paying Agent and any Paying Agent in Luxembourg]. [The following alternative language applies if the first tranche of an issue which is being increased was issued under a prospectus with an earlier date.] Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "‘‘Conditions"’’) set forth in the base prospectus Base Prospectus dated [•] [and the supplemental prospectus dated [•original date]] which are incorporated by reference into the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes of Article 5.4 of the Prospectus Regulation] Directive (Directive 2003/71/EC) (the ‘‘Prospectus Directive’’) and must be read in conjunction with the Base ProspectusProspectus dated [current date], which constitutes a base prospectus for the purposes of the Prospectus Directive, save in respect of the Conditions which are extracted from the Base Prospectus dated [original date] and are attached hereto. Full information on the Issuer[, the Guarantor] Issuer and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectusprospectuses dated [current date] and [original date]. The Base Prospectus [and these Final Terms] [is] [are] Copies of such prospectuses are available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantoraddress] and the Principal Paying Agent and copies may be obtained free of charge from such offices[address]. (i) Issuer: . [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange Include whichever of the Temporary Global following apply or specify as ‘‘Not Applicable’’ (N/A). Note that the numbering should remain as set out below, even if ‘‘Not Applicable’’ is indicated for interests in individual paragraphs or sub- paragraphs. Italics denote directions for completing the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•Final Terms. ]].] 3. Specified Currency or Currencies: [•]

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the base prospectus supplement dated 14 July 2020 [•] (the “prospectus supplement ”) and the supplemental base accompanying prospectus dated [•] which [(together] constitute[s] , the “Prospectus”). The prospectus supplement constitutes a base prospectus (the "Base Prospectus") for the purposes of Regulation the Prospectus Directive (EUDirective 2003/71/EC) 2017/1129 (the "“Prospectus Regulation"Directive”). This document constitutes the Final Terms final terms of the Notes bonds described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] Issuer and the offer of the Notes described herein bonds is only available on the basis of the combination of these Final Terms final terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] is available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices Head Office of the Issuer[, the Guarantor] and the Principal Paying Agent Minerals & Energy Centre, 60 Xxxx Xxxxxx, Brisbane, Queensland 4000, Australia, and copies may be obtained from such offices]the listing agent, Deutsche Bank Luxembourg S.A., 2 Xxxxxxxxx Xxxxxx Xxxxxxxx, L-1115 Luxembourg. The pricing supplement will be published on the Luxembourg Stock Exchange’s website. [The following alternative language applies if the first tranche of an issue which is being increased was issued under a prospectus with an earlier date. Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the base prospectus supplement dated [original date] and the accompanying prospectus dated [•] [and (together, the supplemental prospectus dated [•]] which are incorporated by reference into the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base “Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"”). This document constitutes the applicable Final Terms final terms of the Notes bonds described herein [for the purposes of Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the prospectus supplement dated [•], which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the “Prospectus Directive”)(hereinafter, the “Base Prospectus”), save in respect of the Terms and Conditions which are extracted from the Prospectus and are attached hereto. Full information on the Issuer[, the Guarantor] Issuer and the offer of the Notes described herein bonds is only available on the basis of the combination of these Final Terms final terms, the prospectus supplement and the Base Prospectus. The Base Copies of the prospectus supplement and Prospectus [and these Final Terms] [is] [are] are available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices Head Office of the Issuer[, the Guarantor] and the Principal Paying Agent Minerals & Energy Centre, 60 Xxxx Xxxxxx, Brisbane, Queensland 4000, Australia, and copies may be obtained from the listing agent, Deutsche Bank Luxembourg S.A., 2 Xxxxxxxxx Xxxxxx Xxxxxxxx, L-1115 Luxembourg. [Include whichever of the following apply or specify as “Not Applicable” (N/A). Note that the numbering should remain as set out below, even if “Not Applicable” is indicated for individual paragraphs or subparagraphs. Italics denote directions for completing the pricing supplement.] [When adding any other final terms or information at, for example, item 19 of Part A or in relation to disclosure relating to the interests of natural and legal persons involved in the issue/offer in Part B consideration should be given as to whether such officesterms or information constitute “significant new factors” and consequently trigger the need for a supplement to the Prospectus under Article 16 of the Prospectus Directive.]. 1. (i) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]Queensland Treasury Corporation

CONTRACTUAL TERMS. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 16 May 2012 which[, as supplemented by the supplement to the Base Prospectus dated [date] (the ‘‘Supplement’’),] constitutes a base prospectus for the purposes of Directive 2003/71/EC (the ‘‘Prospectus Directive’’). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus, as so supplemented. Full information on the Issuer, the Guarantors and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus, as so supplemented. The Base Prospectus [is/and the Supplement are] available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange (at xxx.xxxxxxxxxxxxxxxxxxx.xxx/xxxxxxxx/xxxx/xxxxxx-xxxx/xxxxxx-xxxx-xxxx.xxxx) and copies may be obtained during normal business hours at the specified offices of the [Paying Agents for the time being in Luxembourg, The Netherlands and Germany/Domiciliary Agent]. [The following alternative language applies if the first tranche of an issue which is being increased was issued under a Base Prospectus with an earlier date. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "‘‘Conditions"’’) contained in the Agency Agreement dated [original date] and set forth in the base prospectus dated 14 July 2020 [and the supplemental base prospectus Base Prospectus dated [•original date] and incorporated by reference into the Base Prospectus dated 16 May 2012 and which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation")are attached hereto. This document constitutes the Final Terms of the Notes described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive (Directive 2003/71/EC) (the ‘‘Prospectus Directive’’) and must be read in conjunction with the Base ProspectusProspectus dated 16 May 2012 [and the supplement to the Base Prospectus dated [date]] (the ‘‘Supplement’’), which [together] constitute[s] a base prospectus for the purposes of the Prospectus Directive. Full information on the Issuer[, the Guarantor] Guarantors and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base ProspectusProspectus dated 16 May 2012 [(as so supplemented)]. The Copies of the Base Prospectus [and these Final Termsthe Supplement] [is] [are] are available for viewing on the website of Euronext Dublin the Regulatory News Service operated by the London Stock Exchange (xxxx://xxx.xxx.xxat xxx.xxxxxxxxxxxxxxxxxxx.xxx/xxxxxxxx/xxxx/ market-news/market-news-home.html) and copies may be obtained during normal business hours at the specified offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. [Terms used herein shall be deemed to be defined as such Agents for the purposes time being in Luxembourg, The Netherlands and Germany/Domiciliary Agent].] [Include whichever of the Conditions following apply or specify as ‘‘Not Applicable’’ (N/A). Note that the "Conditions") numbering should remain as set forth in out below, even if ‘‘Not Applicable’’ is indicated for individual paragraphs or subparagraphs. Italics denote directions for completing the base prospectus dated [•Final Terms.] [When adding any other final terms or information consideration should be given as to whether such terms or information constitute ‘‘significant new factors’’ and consequently trigger the supplemental prospectus dated [•]] which are incorporated by reference into need for a supplement to the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes under Article 16 of the Prospectus RegulationDirective.] and must be read in conjunction with [If the Base Prospectus. Full information on Notes have a maturity of less than one year from the Issuer[date of their issue, the Guarantorminimum denomination may need to be £100,000 or its equivalent in any other currency.] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin 1 (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. (ia) Issuer: [CBQ Finance (P.S.Q.C.)Brandbrew S.A.] Limited[Anheuser-Xxxxx InBev SA/The Commercial Bank NV] [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•other New Issuer] (iii) Date on which Note that, in the case of Notes will issued by a New Issuer, a new Base Prospectus may need to be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange prepared in respect of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]New Issuer)

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions terms and conditions of the Covered Bonds (the "Conditions") set forth in the base prospectus dated 14 July 2020 [] [and the supplemental base supplement to the prospectus dated [•]] which ([together,] the Prospectus), which constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 Directive 2003/71/EC (the "Prospectus Regulation"Directive). This document constitutes the Final Terms of the Notes Covered Bonds described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] Guarantor and the Covered Bond Guarantor and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Pursuant to Article 14(2) of the Prospectus [Directive, the Offering Circular is available, free of charge, at the registered office of the Issuer and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin the Luxembourg Stock Exchange (xxxx://xxx.xxx.xxxxx.xxxxxx.xx) and during normal business hours at copies may be obtained, free of charge, from the offices registered office of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. at Winchester House, 0 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX.]/ [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions terms and conditions of the Covered Bonds (the "Conditions") set forth in the base prospectus dated [•] [and the supplemental prospectus dated [•]] which are incorporated by reference into in the base prospectus dated 14 July 2020 []. This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of Article 5.4 of Directive 2003/71/EC (the Prospectus Directive) and must be read in conjunction with the prospectus dated [] [and the supplemental supplement[s] to the prospectus dated [•][ and []], ] which [together] constitute[s] a base prospectus] prospectus (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes of the Prospectus Regulation] and must be read Directive, including the Conditions incorporated by reference in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] Guarantor and the Covered Bond Guarantor and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Pursuant to Article 14(2) of the Prospectus [Directive, copies of such Prospectus are available, free of charge, at the registered office of the Issuer and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin the Luxembourg Stock Exchange (xxxx://xxx.xxx.xxxxx.xxxxxx.xx) and during normal business hours at copies may be obtained, free of charge, from the offices registered office of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. (i) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidatedat Winchester House, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note0 Xxxxx Xxxxxxxxxx Xxxxxx, as referred to in paragraph 21 below [which is expected to occur on or about [•]]Xxxxxx, XX0X 0XX.] 3. Specified Currency or Currencies: [•]

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions terms and conditions of the Covered Bonds (the "Conditions") set forth in the base prospectus dated 14 July 2020 [] [and the supplemental base supplement to the prospectus dated [•]] which ([together,] the Prospectus), which constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 Directive 2003/71/EC (the "Prospectus Regulation"Directive). This document constitutes the Final Terms of the Notes Covered Bonds described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, Issuer and the Guarantor] Covered Bond Guarantor and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Pursuant to Article 14(2) of the Prospectus [Directive, the Offering Circular is available, free of charge, at the registered office of the Issuer and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin the Luxembourg Stock Exchange (xxxx://xxx.xxx.xxxxx.xxxxxx.xx) and during normal business hours at copies may be obtained, free of charge, from the offices registered office of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. at Winchester House, 0 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX.]/ [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions terms and conditions of the Covered Bonds (the "Conditions") set forth in the base prospectus dated [•] [and the supplemental prospectus dated [•]] which are incorporated by reference into in the base prospectus dated 14 July 2020 []. This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of Article 5.4 of Directive 2003/71/EC (the Prospectus Directive) and must be read in conjunction with the prospectus dated [] [and the supplemental supplement[s] to the prospectus dated [•][ and []], ] which [together] constitute[s] a base prospectus] prospectus (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes of the Prospectus Regulation] and must be read Directive, including the Conditions incorporated by reference in conjunction with the Base Prospectus. Full information on the Issuer[, Issuer and the Guarantor] Covered Bond Guarantor and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Pursuant to Article 14(2) of the Prospectus [Directive, copies of such Prospectus are available, free of charge, at the registered office of the Issuer and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin the Luxembourg Stock Exchange (xxxx://xxx.xxx.xxxxx.xxxxxx.xx) and during normal business hours at copies may be obtained, free of charge, from the offices registered office of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]at Winchester House, 0 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX. ] 1. (ia) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Series Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the base prospectus dated 14 July 2020 [and the supplemental base prospectus Prospectus dated [•●] which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation the Prospectus Directive (EUDirective 2003/71/EC) 2017/1129 (as amended, which includes amendments made by Directive 2010/73/EU to the effect that such amendments have been implemented in a relevant Member State) (the "Prospectus RegulationDirective"). This document constitutes the Final Terms final terms of the Notes Covered Bonds described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] Group Guarantor and the LLP and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these this Final Terms Document and the Base Prospectus. The Base Copies of the Prospectus [and these Final Terms] [is] [are] are available for viewing on free of charge to the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours public at the offices registered office of the Issuer[, Issuer and from the Guarantor] and specified office of each of the Principal Paying Agent and copies may be obtained from such offices]Agents. [Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Terms and Conditions") set forth in the base prospectus dated [•] [and the supplemental prospectus dated [•]●] which are incorporated by reference into in the base prospectus dated 14 July 2020 [and the supplemental prospectus Prospectus dated [•●]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms final terms of the Notes Covered Bonds described herein [for the purposes of Article 5.4 of the Prospectus Regulation] Directive (Directive 2003/71/EC) (as amended, which includes amendments made by Directive 2010/73/EU to the effect that such amendments have been implemented in a relevant Member State) (the "Prospectus Directive"), as amended, to the extent that such amendments have been implemented in a Member State, and must be read in conjunction with the Base ProspectusProspectus dated [●], which constitute[s] a base prospectus for the purposes of the Prospectus Directive. Full information on the Issuer[, the Guarantor] Group Guarantor and the LLP and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these this Final Terms Document and the Base ProspectusProspectus dated [●]. The Base Prospectus [and these Final Terms] [is] [are] Copies of such Prospectuses are available for viewing on free of charge to the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours public at the offices registered office of the Issuer[, Issuer and from the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. (i) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange specified office of each of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]]Paying Agents.] 3. Specified Currency or Currencies: [•]

CONTRACTUAL TERMS. [Terms used herein shall will be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the base prospectus Prospectus dated 14 July 2020 [date] [and the supplemental base prospectus Prospectus dated [•date]] which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation the Prospectus Directive (EUDirective 2003/71/EC) 2017/1129 (as amended or superseded, the "Prospectus Regulation"Directive). This document constitutes the Final Terms final terms of the Notes Covered Bonds described herein [for the a Include where Part B item 6(vi) of the Final Terms specifies "Applicable". purposes of the Prospectus Regulation] Directive and must be read in conjunction with the Base ProspectusProspectus [as so supplemented]. Full information on the Issuer[, Issuer and the Guarantor] Guarantor and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these this Final Terms Document and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] is available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) at [address] [and] xxxx://xxx.xxxxxxxxxxxxxxxxxxx.xxx/exchange/news/market-news/market-news-home.html and during normal business hours at the offices copies of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. [Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus dated [•] Prospectus [and the supplemental prospectus Prospectus] are available free of charge to the public at the Executive Offices of the Issuer and from the specified office of each of the Paying Agents. The Guarantor is not now, and, immediately following the issuance of the Covered Bonds pursuant to the Trust Deed, will not be, a "covered fund" for purposes of regulations adopted under Section 13 of the Bank Holding Company Act of 1956, as amended, commonly known as the Xxxxxxx Rule. In reaching this conclusion, although other statutory or regulatory exemptions under the Investment Company Act of 1940, as amended, and under the Xxxxxxx Rule and its related regulations may be available, the Guarantor has relied on the exemption from registration set forth in Section 3(c)(5) of the Investment Company Act of 1940, as amended. See "Certain Xxxxxxx Rule Considerations" in the Prospectus dated [•]] which are incorporated by reference into the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes of the Prospectus Regulation] and must be read in conjunction with the Base Prospectus. Full information on the Issuer[, the Guarantor] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such officesdate]. (i) Issuer: [CBQ Finance (P.S.Q.C.)] Limited/The Commercial Bank [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]

CONTRACTUAL TERMS. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 16 January 2009 which[, as supplemented by the supplement to the Base Prospectus dated [date] (the ‘‘Supplement’’),] constitutes a base prospectus for the purposes of Directive 2003/71/EC (the ‘‘Prospectus Directive’’). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus, as so supplemented. Full information on the Issuer, the Guarantors and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus, as so supplemented. The Base Prospectus [is/and the Supplement are] available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange (at xxx.xxxxxxxxxxxxxxxxxxx.xxx/xx-xx/xxxxxxxxxx/xxxxxxxxxx) and copies may be obtained during normal business hours at the specified offices of the [Paying Agents for the time being in Luxembourg, The Netherlands and Germany/Domiciliary Agent]. [The following alternative language applies if the first tranche of an issue which is being increased was issued under a Base Prospectus with an earlier date. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "‘‘Conditions"’’) set forth in the base prospectus dated 14 July 2020 [and the supplemental base prospectus Base Prospectus dated [•] which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation")original date]. This document constitutes the Final Terms of the Notes described herein [for the a Include where Part B item 6(vi) of the Final Terms specifies "Applicable". purposes of Article 5.4 of Directive 2003/71/EC (the ‘‘Prospectus Regulation] Directive’’) and must be read in conjunction with the Base ProspectusProspectus dated [current date] which[, as supplemented by the supplement to the Base Prospectus dated [date] (the ‘‘Supplement’’),] constitutes a base prospectus for the purposes of the Prospectus Directive, save in respect of the Conditions which are extracted from the Base Prospectus dated [original date] and are attached hereto. Full information on the Issuer[, the Guarantor] Guarantors and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base ProspectusProspectuses dated 16 January 2009 [(as so supplemented)] and [original date]. The Copies of such Base Prospectus Prospectuses [and these Final Termsthe Supplement] [is] [are] are available for viewing on the website of Euronext Dublin the Regulatory News Service operated by the London Stock Exchange (xxxx://xxx.xxx.xxat xxx.xxxxxxxxxxxxxxxxxxx.xxx/xx-xx/xxxxxxxxxx/xxxxxxxxxx) and copies may be obtained during normal business hours at the specified offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. [Terms used herein shall be deemed to be defined as such Agents for the purposes time being in Luxembourg, The Netherlands and Germany/Domiciliary Agent].] [Include whichever of the Conditions following apply or specify as ‘‘Not Applicable’’ (N/A). Note that the "Conditions") numbering should remain as set forth in out below, even if ‘‘Not Applicable’’ is indicated for individual paragraphs or subparagraphs. Italics denote directions for completing the base prospectus dated [•Final Terms.] [When adding any other final terms or information consideration should be given as to whether such terms or information constitute ‘‘significant new factors’’ and consequently trigger the supplemental prospectus dated [•]] which are incorporated by reference into need for a supplement to the base prospectus dated 14 July 2020 [and the supplemental prospectus dated [•]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [for the purposes under Article 16 of the Prospectus RegulationDirective.] and must be read in conjunction with [If the Base Prospectus. Full information on Notes have a maturity of less than one year from the Issuer[date of their issue, the Guarantorminimum denomination may need to be £100,000 or its equivalent in any other currency.] and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus [and these Final Terms] [is] [are] available for viewing on the website of Euronext Dublin 1 (xxxx://xxx.xxx.xx) and during normal business hours at the offices of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such offices]. (ia) Issuer: [CBQ Finance (P.S.Q.C.)Brandbrew S.A.] Limited[Anheuser-Xxxxx InBev SA/The Commercial Bank NV] [(ii) Guarantor: The Commercial Bank (P.S.Q.C.)] (ii) Tranche Number: [•other New Issuer] (iii) Date on which Note that, in the case of Notes will be consolidated and form issued by a single Series: [•]/Not Applicable/ The Notes shall be consolidatedNew Issuer, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange supplement to or replacement of the Temporary Global Note for interests Base Prospectus may need to be prepared in respect of the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]New Issuer)

CONTRACTUAL TERMS. [Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the base prospectus Prospectus dated 14 July 2020 [date] [and the supplemental base prospectus Prospectus dated [•date]] which [together] constitute[s] a base prospectus (the "Base Prospectus") for the purposes of Regulation the Prospectus Directive (EUDirective 2003/71/EC) 2017/1129 (the "Prospectus Regulation"Directive). This document constitutes the Final Terms final terms of the Notes Covered Bonds described herein [for the a Include where Part B item 6(vi) purposes of the Final Terms specifies "Applicable". purposes Article 5.4 of the Prospectus Regulation] Directive and must be read in conjunction with the Base ProspectusProspectus [as so supplemented]. Full information on the Issuer[, the Guarantor] Group Guarantor and the LLP and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these this Final Terms Document and the Base ProspectusProspectus [as so supplemented]. The Base Copies of the Prospectus [and these Final Termsthe supplemental Prospectus] [is] [are] are available for viewing on free of charge to the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours public at the offices registered office of the Issuer[, Issuer and from the Guarantor] and specified office of each of the Principal Paying Agent and copies may be obtained from such offices]Agents. [The following alternative language applies if the first Tranche of an issue which is being increased was issued under a Prospectus with an earlier date. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "and Conditions") set forth in the base prospectus Prospectus dated [•original date] [and the supplemental prospectus Prospectus dated [•date]]. This document constitutes the final terms of the Covered Bonds described herein for the purposes of Article 5.4 of the Prospectus Directive (Directive 2003/71/EC) (the Prospectus Directive) and must be read in conjunction with the Prospectus dated [current date] which are incorporated by reference into the base prospectus dated 14 July 2020 [and the supplemental prospectus Prospectus dated [•date]], which [together] constitute[s] a base prospectus] (the "Base Prospectus") for the purposes Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein [prospectus for the purposes of the Prospectus RegulationDirective, save in respect of the Terms and Conditions which are extracted from the Prospectus dated [original date] and must be read in conjunction with the Base Prospectusare attached hereto. Full information on the Issuer[, the Guarantor] Group Guarantor and the LLP and the offer of the Notes described herein Covered Bonds is only available on the basis of the combination of these this Final Terms Document and the Base Prospectus. The Base Prospectus dated [original date] and [current date] [and these Final Termsthe supplemental Prospectus dated [date]]. Copies of such Prospectuses are available free of charge to the public at the registered office of the Issuer and from the specified office of each of the Paying Agents.] [isInclude whichever of the following apply or specify as "Not Applicable" (N/A). Note that the numbering should remain as set out below, even if "Not Applicable" is indicated for individual paragraphs or subparagraphs.] [are] available When completing any final terms or adding any other final terms or information including final terms at items 9, 10, 15, 16, 17 or 28 of Part A or in relation to disclosure relating to the interests of natural and legal persons involved in the issue/offer in Part B consideration should be given as to whether such terms or information constitute "significant new factors" and consequently trigger the need for viewing on a supplement to the website of Euronext Dublin (xxxx://xxx.xxx.xx) and during normal business hours at the offices Prospectus under Article 16 of the Issuer[, the Guarantor] and the Principal Paying Agent and copies may be obtained from such officesProspectus Directive.]. (ia) Issuer: [CBQ Finance Abbey National Treasury Services plc (P.S.Q.C.)] Limited/The Commercial Bank [(iib) GuarantorGuarantors: The Commercial Bank (P.S.Q.C.)]Santander UK plc and Abbey Covered Bonds LLP (iia) Tranche Series Number: [•] (iii) Date on which the Notes will be consolidated and form a single Series: [•]/Not Applicable/ The Notes shall be consolidated, form a single series and be interchangeable for trading purposes with the [•] on [[•]/the Issue Date/the date that is 40 days after the Issue date/exchange of the Temporary Global Note for interests in the Permanent Global Note, as referred to in paragraph 21 below [which is expected to occur on or about [•]].] 3. Specified Currency or Currencies: [•]