Common use of Public Offer Selling Restriction under the Prospectus Directive Clause in Contracts

Public Offer Selling Restriction under the Prospectus Directive. In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State”), each Agent has represented and agreed, and each additional Agent appointed under the Notes will be required to represent and agree, that with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the “Relevant Implementation Date”) it has not made and will not make an offer of the Notes which are the subject of the offering contemplated by this Offering Circular as completed by the applicable Supplement in relation thereto to the public in that Relevant Member State except that it may, with effect from and including the Relevant Implementation Date, make an offer of Notes to the public in that Relevant Member State:

Public Offer Selling Restriction under the Prospectus Directive. In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State”), each Agent has represented Dealer, represents and agreed, and each additional Agent appointed under the Notes will be required to represent and agree, agrees that with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the “Relevant Implementation Date”) it has not made and will not make an offer of the Notes which are the subject of the offering contemplated by this the Offering Circular as or completed by the applicable Supplement Final Terms in relation thereto to the public in that Relevant Member State State, except that it may, with effect from and including the Relevant Implementation Date, make an offer of such Notes to the public in that Relevant Member State:

Public Offer Selling Restriction under the Prospectus Directive. 3.1 In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State”), each Agent has represented Dealer represents and agreedagrees, and each additional Agent further Dealer appointed under the Notes Programme will be required to represent and agree, that with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the “Relevant Implementation Date”) it has not made and will not make an offer of the Notes Covered Bonds which are the subject of the an offering contemplated by this Offering Circular the Prospectus as completed by the applicable Supplement Final Terms Document in relation thereto to the public in that Relevant Member State State, except that it may, with effect from and including the Relevant Implementation Date, make an offer of Notes such Covered Bonds to the public in that Relevant Member State:

Public Offer Selling Restriction under the Prospectus Directive. In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State”), each Agent has represented Dealer represents, warrants and agreed, and each additional Agent appointed under the Notes will be required to represent and agree, agrees that with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the “Relevant Implementation Date”) it has not made and will not make an offer of the Notes Covered Bonds which are the subject of the offering contemplated by this Offering Circular the Prospectus as completed by the applicable Supplement Final Terms in relation thereto to the public in that Relevant Member State except that it may, with effect from and including the Relevant Implementation Date, make an offer of Notes Covered Bonds to the public in that Relevant Member State:

Public Offer Selling Restriction under the Prospectus Directive. In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State”), each Agent Dealer has represented and agreed, and each additional Agent further Dealer appointed under the Notes Programme will be required to represent and agree, that with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the “Relevant Implementation Date”) it has not made and will not make an offer of the Notes which are the subject of the offering contemplated by this Offering Circular as completed by the applicable Supplement final terms in relation thereto to the public in that Relevant Member State State, except that it may, with effect from and including the Relevant Implementation Date, make an offer of such Notes to the public in that Relevant Member State:

Public Offer Selling Restriction under the Prospectus Directive. 2.1 In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “"Relevant Member State”"), each Agent has represented the Covered Bond Subscriber represents and agreed, and each additional Agent appointed under the Notes will be required to represent and agree, agrees that with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the “"Relevant Implementation Date”") it has not made and will not make an offer of the Notes Covered Bonds which are the subject of the an offering contemplated by this Offering Circular the Prospectus as completed by the applicable Supplement Final Terms Document in relation thereto to the public in that Relevant Member State State, except that it may, with effect from and including the Relevant Implementation Date, make an offer of Notes such Covered Bonds to the public in that Relevant Member State: