Common use of Deliver; Surrender Clause in Contracts

Deliver; Surrender. (a) The term “deliver”, or its noun form, when used with respect to Shares shall mean (i) one or more book-entry transfers to an account or accounts maintained with an institution authorized under the laws of England and Wales to effect book-entry transfers of such securities or (ii) to the extent applicable, the physical transfer of certificates evidencing Shares. (b) The term “deliver”, or its noun form, when used with respect to Receipts, shall mean (i) registration of American Depositary Shares on the Direct Registration System in the name of, or one or more book-entry transfers of American Depositary Shares to an account or accounts at DTC designated by, the person entitled to such delivery or (ii) if requested by the person entitled to such delivery, to delivery at the Principal Office of the Depositary of one or more Receipts registered in the name requested by the person entitled to such delivery. (c) The term “surrender”, when used with respect to Receipts, shall mean (i) delivery to the Depositary’s Principal Office of an instruction from an Owner surrendering American Depositary Shares on the Direct Registration System to the Depositary, (ii) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary or (ii) surrender to the Depositary at its Principal Office of one or more Receipts.

Deliver; Surrender. (a) The term “deliver”, or its noun form, when used with respect to Shares shall mean (i) one or more book-entry transfers to an account or accounts maintained with an a depository institution authorized under the laws of England and Wales to effect book-entry transfers of such securities or (ii) to the extent applicable, the physical transfer of certificates evidencing representing Shares. (b) The term “deliver”, or its noun form, when used with respect to Receipts, shall mean (i) registration of American Depositary Shares on the Direct Registration System in the name of, or one or more book-entry transfers of American Depositary Shares to an account or accounts at DTC The Depository Trust Company (“DTC”) designated by, by the person entitled to such delivery or (ii) if requested by the person entitled to such delivery, to delivery at the Principal Corporate Trust Office of the Depositary of one or more Receipts registered in the name requested by the person entitled to such deliveryReceipts. (c) The term “surrender”, when used with respect to Receipts, shall mean (i) delivery to the Depositary’s Principal Office of an instruction from an Owner surrendering American Depositary Shares on the Direct Registration System to the Depositary, (ii) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary or (ii) surrender to the Depositary at its Principal Corporate Trust Office of one or more Receipts.