Common use of Rate of Interest Clause in Contracts

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the Rate of Interest for each Interest Period will be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page); or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time on the Interest Determination Date in question plus or minus (as specified in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms). If, in the case of (B) above, five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A) above, no such rate or offered quotation appears or, in the case of (B) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, on the Interest Determination Date in question. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms). If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotations, as communicated to the Agent (at the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, which, at approximately the Specified Time, on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either EURIBOR, CIBOR, XXXXXX or NIBOR, as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) as at 11.00 a.m. (as specified Brussels time, in the applicable Final Termscase of EURIBOR, Copenhagen time, in the case of CIBOR or Stockholm time, in the case of XXXXXX) as at or 12.00 noon (Oslo time, in the case of NIBOR) (the Specified Time Time) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of subparagraph (A) above, no such rate or offered quotation appears or, in the case of subparagraph (B) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (Issuer, or such other Calculation Agent specified in the applicable Final Terms) an agent appointed by it, shall request the principal London office of each of the Reference Banks (as defined below) to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in questionquestion and the Issuer, or an agent appointed by it, shall notify the Calculation Agent of all quotations received by it. If two or more of the Reference Banks provide the Agent (Issuer or such other Calculation Agent specified in the applicable Final Terms) an agent appointed by it, as applicable, with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Issuer upon request (and notified to the Calculation Agent (at by the request of Issuer or an agent appointed by the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Danish inter-bank market (if the Reference Rate is CIBOR), the Swedish inter-bank market (if the Reference Rate is XXXXXX) or principal financial centre of the country of Norwegian inter-bank market (if the Specified Currency, Reference Rate is NIBOR) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) Issuer with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the relevant Issuer suitable for such the purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) Issuer it is quoting to leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Danish inter- bank market (if the Reference Rate is CIBOR), the Swedish inter-bank market (if the Reference Rate is XXXXXX) or principal financial centre of the country of Norwegian inter-bank market (if the Specified Currency, Reference Rate is NIBOR) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either EURIBOR, XXXXXX or NIBOR, as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified at 11.00 a.m. Brussels time, in the applicable Final Terms) as at case of EURIBOR, 11.00 a.m. Stockholm time, in the Specified Time case of XXXXXX or 12.00 noon Oslo time, in the case of NIBOR, on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Principal Paying Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Principal Paying Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If The Agency Agreement contains provisions for determining the Rate of Interest in the event that the Relevant Screen Page is not available or if, in the case of (A) above, no such rate or offered quotation appears or, in the case of (B) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, time specified in the Issuer (or such other Calculation Agent specified preceding paragraph. Unless otherwise stated in the applicable Final Terms) shall request Terms the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, on the Interest Determination Date in question. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms). If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotations, as communicated to the Agent (at the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, which, at approximately the Specified Time, on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Minimum Rate of Interest shall be that determined as at the Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is deemed to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, in place of the Margin relating to that last preceding Interest Period)zero. (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. ‌ The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below:in the manner specified in the applicable Final Terms. (1A) where the Reference Screen Rate Determination for Floating Rate Notes not referencing SOFR, XXXXX or €STR (i) Where Screen Rate Determination not referencing SOFR, XXXXX or €STR is specified in the applicable Final Terms for Notes not referencing SOFR, XXXXX or €STR as being a Reference the manner in which the Rate other than the Sterling Overnight Index Average (XXXXX)of Interest is to be determined, the Rate of Interest for each Interest Period will will, subject as provided below, be either: (Aa) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (Bb) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) information as at the Specified Relevant Time on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Principal Paying Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Principal Paying Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. . (ii) If the Relevant Screen Page is not available or if, in the case of (Aa) above, no such rate or offered quotation appears or, in the case of (Bb) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Relevant Time, the Issuer (or such other Calculation Principal Paying Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Relevant Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent Principal Paying Agent. (or such other Calculation Agent specified in the applicable Final Terms). iii) If on any Interest Determination Date one only or none of the Reference Banks provides the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (and at the request of of) the Issuer) (or such other Calculation Principal Paying Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Relevant Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant inter-bank applicable market or principal financial centre of the country of the Specified Currency, Reference Rate plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Relevant Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant inter-bank applicable market or principal financial centre of the country of the Specified Currency, Reference Rate plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraphparagraph but without prejudice to Condition 5(b)(iii), the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin or Maximum Rate of Interest or Minimum Rate of Interest is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to the relevant Interest Period, Period in place of the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to that last preceding Interest Period). . If the Rate of Interest cannot be determined because of the occurrence of a Benchmark Event (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX or, if applicable, a Benchmark Transition Event and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rateits related Benchmark Replacement Date), the Rate of Interest for each Interest Period will shall be Compounded Daily XXXXX for calculated in accordance with the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.terms of Condition 5(b)(iii). In these Conditions:

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where in the Reference Rate is manner specified in the applicable Final Terms as being a Reference Terms. (i) Screen Rate other than the Sterling Overnight Index Average (XXXXX), the Determination for Floating Rate Notes not referencing Compounded Daily XXXXX or Compounded Daily SOFR The Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being EURIBOR, NIBOR, STIBOR, REIBOR or CIBOR, as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) as at 11.00 a.m. (as specified Brussels time, in the applicable Final Termscase of EURIBOR, Oslo time, in the case of NIBOR, Stockholm time, in the case of STIBOR, Reykjavik time, in the case of REIBOR and Copenhagen time, in the case of CIBOR) as at the Specified Time on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms)ISD Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A) above, no such rate or offered quotation appears or, in the case of (B) above, fewer than three of such rates or offered quotations appear, in each case as at 11.00 a.m. (Brussels time, in the Specified Timecase of EURIBOR, Oslo time, in the case of NIBOR, Stockholm time, in the case of XXXXXX, Reykjavik time, in the case of REIBOR or Copenhagen time, in the case of CIBOR), the Issuer (or such other Calculation Agent specified in the applicable Final Terms) Bank, shall request the principal London office of each of the Reference Banks to provide the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate at approximately 11.00 a.m. (as specified Brussels time, in the applicable Final Terms) for deposits case of EURIBOR, Oslo time, in the Specified Currency for that Interest Periodcase of NIBOR, at approximately Stockholm time, in the Specified Timecase of STIBOR, Reykjavik time, in the case of REIBOR or Copenhagen time, in the case of CIBOR) on the Interest Determination Date in question. If two or more of the Reference Banks provide the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms)ISD Agent, as applicable. If on any Interest Determination Date one only or none of the Reference Banks provides the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Fiscal Agent (or the Calculation Agent or the ISD Agent, as applicable, at the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) Bank, by the Reference Banks or any two or more of them, at which such banks were offered, at approximately 11.00 a.m. (Brussels time, in the Specified Timecase of EURIBOR, Oslo time, in the case of NIBOR, Stockholm time, in the case of STIBOR, Reykjavik time, in the case of REIBOR or Copenhagen time, in the case of CIBOR) on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Norwegian inter-bank market (if the Reference Rate is NIBOR), the Swedish inter-bank market (if the Reference Rate is XXXXXX), the Icelandic inter-bank market (if the Reference Rate is REIBOR) or principal financial centre of the country of Danish inter-bank market (if the Specified Currency, Reference Rate is CIBOR) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately 11.00 a.m. (Brussels time, in the Specified Timecase of EURIBOR, Oslo time, in the case of NIBOR, Stockholm time, in the case of STIBOR, Reykjavik time, in the case of REIBOR or Copenhagen time, in the case of CIBOR) on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer Bank suitable for such the purpose) informs the Fiscal Agent (or such other the Calculation Agent specified in or the applicable Final Terms) ISD Agent, as applicable, it is quoting to leading banks in the relevant the Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Norwegian inter-bank market (if the Reference Rate is NIBOR), the Swedish inter-bank market (if the Reference Rate is XXXXXX), the Icelandic inter-bank market (if the Reference Rate is REIBOR) or principal financial centre of the country of Danish inter-bank market (if the Specified Currency, Reference Rate is CIBOR) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). As used herein, Reference Banks means, in the case of a determination of EURIBOR, the principal Euro-zone office of four major banks in the Euro-zone inter-bank market, in the case of a determination of NIBOR, the principal Oslo office of four major banks in the Norwegian inter-bank market, in the case of a determination of XXXXXX, the principal Stockholm office of four major banks in the Swedish inter-bank market, in the case of a determination of REIBOR, the principal Reykjavik office of four major banks in the Icelandic inter-bank market and, in the case of a determination of CIBOR, the principal Copenhagen office of four major banks in the Danish inter-bank market, in each case selected by the Bank. (2ii) Screen Rate Determination for Floating Rate Notes referencing Compounded Daily XXXXX (A) where Where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily RateXXXXX, the Rate of Interest for with respect to each Interest Period will will, subject as provided below, be Compounded Daily XXXXX for the such Interest Period plus or minus the Margin (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent ) as specified in the applicable Final Terms) on each relevant Interest Determination Date, all as determined and calculated by the Fiscal Agent or the Calculation Agent or the ISD Agent, as applicable.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes Covered Bonds will be determined as provided in the manner specified below: (1) where the Reference . Where Screen Rate Determination is specified in the applicable Final Terms as being a Reference the manner in which the Rate other than the Sterling Overnight Index Average (XXXXX)of Interest is to be determined, the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either EURIBOR, XXXXXX or NIBOR, as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such each replacement page on that service which displays the information) (as specified at 11.00 a.m. Brussels time, in the applicable Final Termscase of EURIBOR or Stockholm time, in the case of XXXXXX) as at or 12.00 noon (Oslo time, in the case of NIBOR) (such time, the Specified Time Time) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A) aboveCondition 4.2(b)(A), no such rate or offered quotation appears or, in the case of (B) aboveCondition 4.2(b)(B), fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) it with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in questionquestion and the Issuer will provide each quotation to the Agent or the Calculation Agent, as applicable. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) Issuer with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) Issuer with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (at the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) Issuer by the Reference Banks or any two or more of themthem and subsequently communicated to the Agent or the Calculation Agent, as applicable by the Issuer, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR) or principal financial centre the inter-bank market of the country of the Specified Currency, Relevant Financial Centre (if any other Reference Rate is used) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) Issuer with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Issuer (and the Issuer subsequently informs the Agent (or such other the Calculation Agent specified in the applicable Final TermsAgent, as applicable) it is quoting to leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR) or principal financial centre the inter-bank market of the country of the Specified Currency, Relevant Financial Centre (if any other Reference Rate is used) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where the . In these Conditions, Reference Rate is specified Banks means, in the applicable Final Terms as being XXXXX and case of a determination of EURIBOR, the Calculation Method is specified principal Euro-zone office of four major banks in the applicable Final Terms as being Compounded Daily RateEuro-zone inter-bank market, in the case of a determination of XXXXXX, the Rate principal Stockholm office of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated four major banks in the applicable Final Terms) Stockholm inter-bank market and, in the Margincase of a determination of NIBOR, if anythe principal Oslo office of four major banks in the Norwegian inter-bank market, all determined in each case selected by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination DateIssuer.

Rate of Interest. The rate of interest (the Rate of Interest payable from time to time Interest) in respect of Floating Rate each Class of the Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the Rate of Interest for each Interest Period will will, subject as provided below, be determined (i) in the case of the Sterling Notes, on the relevant Interest Payment Date occurring at the start of such Interest Period; and (ii) in the case of the Euro Notes and the U.S. Dollar Notes, two Business Days prior to the relevant Interest Payment Date occurring at the start of such Interest Period (the Determination Date) by either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page); or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time 11.00 a.m. (London time) on the Interest Determination Date in question Date, plus or minus (as specified in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Bank. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) Bank for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If The Paying Agent and Agent Bank Agreement contains provisions for determining the Rate of Interest pursuant to this Condition 4.1(b) in the event that the Relevant Screen Page is not available or if, in the case of (A) above, no such rate or offered quotation appears or, in the case of (B) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent time specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, on the Interest Determination Date in question. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms). If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotations, as communicated to the Agent (at the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, which, at approximately the Specified Time, on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below:in the manner specified in the applicable Pricing Supplement. (1i) where the Reference Screen Rate Determination for Floating Rate Notes other than Floating Rate Notes referencing XXXXX Where Screen Rate Determination is specified in the applicable Final Terms Pricing Supplement as being a the manner in which the Rate of Interest is to be determined, and the applicable Pricing Supplement specifies that the Reference Rate other than the Sterling Overnight Index Average (is not Compounded Daily XXXXX), the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being EURIBOR, as specified in the applicable Final TermsPricing Supplement) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time 11.00 a.m. (Brussels time) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final TermsPricing Supplement) the Margin (if any), all as determined by the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A) aboveCondition 5.2(b)(ii)(A), no such rate or offered quotation appears or, in the case of (B) aboveCondition 5.2(b)(ii)(B), fewer than three of such rates or offered quotations appear, in each case as at the time specified in the preceding paragraph (the “Specified Time”), the Issuer (or such other Calculation Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If on any Interest Determination Date one only or none of the Reference Banks provides the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Fiscal Agent (at or the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) Agent, as applicable, by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, it is quoting to leading banks in the relevant Euro-zone inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where . If the Reference Rate from time to time in respect of Floating Rate Notes is specified in the applicable Final Terms Pricing Supplement as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rateother than EURIBOR, the Rate of Interest for each Interest Period in respect of the Notes will be Compounded Daily XXXXX for the Interest Period plus or minus (determined as indicated provided in the applicable Final Terms) Pricing Supplement. In the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.Conditions:

Rate of Interest. The On the first day of each Interest Period (the "Interest Determination Date"), the Agent will determine the Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where for the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the relevant Interest Period. The Rate of Interest for each Interest Period will will, subject as provided below, be either: (Ai) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (Bii) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Termsdefined below) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on Moneyline Telerate, 3750 (the "Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final TermsPage") as at the Specified Time 11:00 a.m. (London time) on the Interest Determination Date in question plus or minus (as specified in the applicable Final Terms) the Margin (if any)Margin, all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or ifor, if in the case of (Ai) above, no such rate or offered quotation appears or, in the case of (Bii) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent time specified in the applicable Final Termspreceding paragraph, the Rate of Interest for the relevant Interest Period shall be determined as provided in the preceding paragraph by reference to such other page (the "Alternative Screen Page") on such other information vendor service as is then displaying in the case of (i) above, information comparable to that appearing on the Relevant Screen Page when such quotation last appeared on the Relevant Screen Page and, in the case of (ii) above, information comparable to that appearing on the Relevant Screen Page when no fewer than three such offered quotations appeared. If no Alternative Screen Page is available or, if in the case of (i) above, no such offered quotation appears or, in the case of (ii) above, fewer than three such offered quotations appear, in each case at the time specified in the preceding paragraph, the Agent shall request the principal London office of each of the Reference Banks (as defined below) to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, 11:00 a.m. (London time) on the Interest Determination Date in question. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or offered quotations quotations, plus or minus (as appropriate) the Margin (if any)Margin, all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (and at the request of of) the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, 11:00 a.m. (London time) on the relevant Interest Determination Date, for deposits in the Specified Currency Pounds Sterling for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant inter-bank London Inter Bank market or principal financial centre of the country of the Specified Currencyas at 11:00 a.m. (London time), plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency Pounds Sterling for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency Pounds Sterling for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, 11:00 a.m. (London time) on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant inter-bank London Inter Bank market or principal financial centre of the country of the Specified Currencyas at 11:00 a.m. (London time), plus or minus (as appropriate) the Margin (if any)Margin, provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in In respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX)Notes, the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either the Euro-zone interbank offered rate (EURIBOR), the Norwegian interbank offered rate (NIBOR) or the Stockholm interbank offered rate (XXXXXX), as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) as at 11.00 a.m. (as specified Brussels time, in the applicable Final Termscase of EURIBOR, or Stockholm time, in the case of XXXXXX) as at or 12.00 p.m. (Oslo time, in the Specified Time case of NIBOR) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A3.2(b)(A) above, no such rate or offered quotation appears or, in the case of (B3.2(b)(B) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Reference Banks Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If on any Interest Determination Date one only or none of the Reference Banks provides the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (and at the request of of) the Issuer) (or such other Calculation Reference Banks Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Norwegian inter-bank market (if the Reference Rate is NIBOR) or principal financial centre of the country of Swedish inter-bank market (if the Specified Currency, Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant Euro-zone inter- bank market (if the Reference Rate is EURIBOR), the Norwegian inter-bank market (if the Reference Rate is NIBOR) or principal financial centre of the country of Swedish inter-bank market (if the Specified Currency, Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below:in the manner specified in the applicable Pricing Supplement. (1i) where the Reference Screen Rate Determination for Floating Rate Notes other than Floating Rate Notes referencing XXXXX Where Screen Rate Determination is specified in the applicable Final Terms Pricing Supplement as being a the manner in which the Rate of Interest is to be determined, and the applicable Pricing Supplement specifies that the Reference Rate other than the Sterling Overnight Index Average (is not Compounded Daily XXXXX), the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being EURIBOR, as specified in the applicable Final TermsPricing Supplement) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time 11.00 a.m. (Brussels time) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final TermsPricing Supplement) the Margin (if any), all as determined by the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A) aboveCondition 5.2(b)(ii)(A), no such rate or offered quotation appears or, in the case of (B) aboveCondition 5.2(b)(ii)(B), fewer than three of such rates or offered quotations appear, in each case as at the time specified in the preceding paragraph (the “Specified Time”), the Issuer (or such other Calculation Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If on any Interest Determination Date one only or none of the Reference Banks provides the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, determines as being the arithmetic mean (rounded if necessary to the DOCPROPERTY "cpCombinedRef" 0012034-0005260 UKO2: 2004076912.9 fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Fiscal Agent (at or the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) Agent, as applicable, by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Fiscal Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, it is quoting to leading banks in the relevant Euro-zone inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where . If the Reference Rate from time to time in respect of Floating Rate Notes is specified in the applicable Final Terms Pricing Supplement as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rateother than EURIBOR, the Rate of Interest for each Interest Period in respect of the Notes will be Compounded Daily XXXXX for the Interest Period plus or minus (determined as indicated provided in the applicable Final Terms) Pricing Supplement. In the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.Conditions:

Rate of Interest. The rate of interest (the Rate of Interest payable from time to time Interest) in respect of Floating Rate each Class of the Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the Rate of Interest for each Interest Period will will, subject as provided below, be determined (i) in the case of the Sterling Notes, on the relevant Interest Payment Date occurring at the start of such Interest Period; and (ii) in the case of the Euro Notes, two Business Days prior to the relevant Interest Payment Date occurring at the start of such Interest Period (the Determination Date) by either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page); or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time 11.00 a.m. (London time) on the Interest Determination Date in question Date, plus or minus (as specified in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Bank. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) Bank for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If The Paying Agent and Agent Bank Agreement contains provisions for determining the Rate of Interest pursuant to this Condition 4.1(b) in the event that the Relevant Screen Page is not available or if, in the case of (A) above, no such rate or offered quotation appears or, in the case of (B) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent time specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, on the Interest Determination Date in question. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms). If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotations, as communicated to the Agent (at the request of the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, which, at approximately the Specified Time, on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant inter-bank market or principal financial centre of the country of the Specified Currency, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the manner specified below. The Rate of Interest for each Interest Period will will, subject as provided below and in Condition 4.2(e), be either:either:‌ (Ai) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; oror‌ (Bii) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either EURIBOR, NIBOR or XXXXXX as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other the Calculation Agent specified in the applicable Final Terms)Agent, as applicable. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other the Calculation Agent specified in the applicable Final Terms) Agent, as applicable, for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (Ai) above, no such rate or offered quotation appears or, in the case of (Bii) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation shall appoint a Determination Agent specified in and the applicable Final Terms) Determination Agent shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) it with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Determination Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Determination Agent. If on any Interest Determination Date one only or none of the Reference Banks provides the Determination Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Determination Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (and at the request of of) the Issuer) (or such other Calculation Determination Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR) or principal financial centre of the country of Norwegian inter-bank market (if the Specified Currency, Reference Rate is NIBOR) or the Stockholm inter-bank market (if the Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Determination Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Determination Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR) or principal financial centre of the country of Norwegian inter-bank market (if the Specified Currency, Reference Rate is NIBOR) or the Stockholm inter-bank market (if the Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where . In the case of Exempt Notes, if the Reference Rate from time to time in respect of Floating Rate Notes is specified in the applicable Final Terms Pricing Supplement as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rateother than EURIBOR, NIBOR or XXXXXX, the Rate of Interest for each Interest Period in respect of the Notes will be Compounded Daily XXXXX for the Interest Period plus or minus (determined as indicated provided in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.Pricing Supplement. In this Condition 4.2(b):

Rate of Interest. The Rate of Interest payable from time to time in In respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX)Notes, the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either the Euro-zone interbank offered rate (EURIBOR), the Norwegian interbank offered rate (NIBOR) or the Stockholm interbank offered rate (XXXXXX), as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) as at 11.00 a.m. (as specified Brussels time, in the applicable Final Termscase of EURIBOR, or Stockholm time, in the case of XXXXXX) as at or 12.00 p.m. (Oslo time, in the Specified Time case of NIBOR) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (A) aboveCondition 3.2(b)(ii)(A), no such rate or offered quotation appears or, in the case of (B) aboveCondition 3.2(b)(ii)(B)), fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Reference Banks Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If on any Interest Determination Date one only or none of the Reference Banks provides the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (and at the request of of) the Issuer) (or such other Calculation Reference Banks Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Norwegian inter-bank market (if the Reference Rate is NIBOR) or principal financial centre of the country of Swedish inter-bank market (if the Specified Currency, Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Reference Banks Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR), the Norwegian inter-bank market (if the Reference Rate is NIBOR) or principal financial centre of the country of Swedish inter-bank market (if the Specified Currency, Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below:in the manner specified in the applicable Final Terms. (1A) where Floating Rate Notes other than Floating Rate Notes which reference XXXXX or XXXX Where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX)is not XXXXX or SOFR, the Rate of Interest for each Interest Period will will, subject as provided below, be either: (A1) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (B2) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either EURIBOR or CNH HIBOR, as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) as at 11:00 a.m. (as specified Brussels time, in the applicable Final Termscase of EURIBOR) or at approximately 11:15 a.m. (Hong Kong time, in the case of CNH HIBOR) or if, at or around that time it is notified that the fixing will be published at 2:30 p.m. (Hong Kong time), then as at of 2:30 p.m. (Hong Kong time) (in the case of CNH HIBOR) (such time, the “Specified Time Time”) on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), which can be positive or negative, all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Principal Paying Agent. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided in (2) above) of such rates or offered quotations. If The Agency Agreement contains provisions for determining the Rate of Interest in the event that, if the Relevant Screen Page is not available or if, in the case of of (A1) above, no such rate or offered quotation appears appear or, in the case of (B2) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent specified in an agent appointed by the applicable Final TermsIssuer) shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) it with its rate their bid rates or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in questionquestion and the Issuer (or an agent appointed by the Issuer) shall provide such bid rates or offered quotations to the Principal Paying Agent. If two or more of the Reference Banks provide the Agent Issuer (or such other Calculation Agent specified in an agent appointed by the applicable Final TermsIssuer) with such bid rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such the bid rates or offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Principal Paying Agent. If The Agency Agreement further provides that, if on any Interest Determination Date one only or none of the Reference Banks provides the Agent Issuer (or such other Calculation Agent specified in an agent appointed by the applicable Final TermsIssuer) with such rates a bid rate or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Principal Paying Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Principal Paying Agent by the Issuer (at the request of or an agent appointed by the Issuer) (or that will have obtained such other Calculation Agent specified in the applicable Final Terms) by rates from the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Eurozone inter-bank market (if the Reference Rate is EURIBOR) or the principal financial centre Hong Kong office of four major banks dealing in Renminbi in the country of Hong Kong inter-bank market (if the Specified CurrencyReference Rate is CNH HIBOR), in each case selected by the Issuer (or an agent appointed by the Issuer) or as specified in the applicable Final Terms, plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent Issuer (or such other Calculation Agent specified in an agent appointed by the applicable Final TermsIssuer) with such bid rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the bid rates or the offered quotations rates for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Agent Issuer (or such other Calculation Agent specified in an agent appointed by the applicable Final TermsIssuer) it is quoting to leading banks in the relevant Eurozone inter-bank market (if the Reference Rate is EURIBOR) or the principal financial centre Hong Kong office of four major banks dealing in Renminbi in the country of Hong Kong inter-bank market (if the Specified CurrencyReference Rate is CNH HIBOR), in each case selected by the Issuer (or an agent appointed by the Issuer) or as specified in the applicable Final Terms, plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated . Unless otherwise stated in the applicable Final Terms) , the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Minimum Rate of Interest Determination Date.shall be deemed to be zero. In these Conditions:

Rate of Interest. The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined as provided below: (1) where the Reference Rate is specified in the applicable Final Terms as being a Reference Rate other than the Sterling Overnight Index Average (XXXXX), the manner specified below. The Rate of Interest for each Interest Period will will, subject as provided below and in Condition 4.2(e), be either: (Ai) the rate or offered quotation (if there is only one rate or offered quotation on the Relevant Screen Page)quotation; or (Bii) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or offered quotations, (expressed as a percentage rate per annum) for the Reference Rate (being either EURIBOR, NIBOR or XXXXXX as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period which appears or appear, as the case may be, on the Relevant Screen Page (or such replacement page on that service which displays the information) (as specified in the applicable Final Terms) as at the Specified Time on the Interest Determination Date in question plus or minus (as specified indicated in the applicable Final Terms) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If, in the case of (B) above, If five or more of such rates or offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest rate or offered quotation, one only of such rates or offered quotations) and the lowest (or, if there is more than one such lowest rate or offered quotation, one only of such rates or offered quotations) shall be disregarded by the Agent (or such other Calculation Agent specified in the applicable Final Terms) for the purpose of determining the arithmetic mean (rounded as provided above) of such rates or offered quotations. If the Relevant Screen Page is not available or if, in the case of (Ai) above, no such rate or offered quotation appears or, in the case of (Bii) above, fewer than three of such rates or offered quotations appear, in each case as at the Specified Time, the Issuer (or such other Calculation Agent specified in the applicable Final Terms) shall request the principal London office of each of the Reference Banks to provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with its rate or offered quotation (expressed as a percentage rate per annum) for the Reference Rate (as specified in the applicable Final Terms) for deposits in the Specified Currency for that Interest Period, at approximately the Specified Time, Time on the Interest Determination Date in question. If two or more of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotations, the Rate of Interest for such the Interest Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place with 0.000005 being rounded upwards) of such rates or the offered quotations plus or minus (as appropriate) the Margin (if any), all as determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms)Agent. If on any Interest Determination Date one only or none of the Reference Banks provides the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or an offered quotations quotation as provided in the preceding paragraph, the Rate of Interest for the relevant Interest Period shall be the rate per annum which the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines as being the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the rates or quotationsrates, as communicated to the Agent (and at the request of of) the Issuer) (or such other Calculation Agent specified in the applicable Final Terms) by the Reference Banks or any two or more of them, at which such banks were offered, at approximately the Specified Time, Time on the relevant Interest Determination Date, deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate by leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR) or principal financial centre of the country of Norwegian inter-bank market (if the Specified Currency, Reference Rate is NIBOR) or the Stockholm inter-bank market (if the Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any) or, if fewer than two of the Reference Banks provide the Agent (or such other Calculation Agent specified in the applicable Final Terms) with such rates or offered quotationsrates, the offered rate or quotation offered for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, or the arithmetic mean (rounded as provided above) of the offered rates or offered quotations for deposits in the Specified Currency for a period equal to that which would have been used for the Reference Rate, at which, at approximately the Specified Time, Time on the relevant Interest Determination Date, any one or more banks (which bank or banks is or are in the opinion of the Issuer suitable for such the purpose) informs the Agent (or such other Calculation Agent specified in the applicable Final Terms) it is quoting to leading banks in the relevant Euro-zone inter-bank market (if the Reference Rate is EURIBOR) or principal financial centre of the country of Norwegian inter-bank market (if the Specified Currency, Reference Rate is NIBOR) or the Stockholm inter-bank market (if the Reference Rate is XXXXXX) plus or minus (as appropriate) the Margin (if any), provided that, if the Rate of Interest cannot be determined in accordance with the foregoing provisions of this paragraph, the Rate of Interest shall be that determined as at the last preceding Interest Determination Date for the last preceding Interest Period (though substituting, where a different Margin is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin relating to the relevant Interest Period, Period in place of the Margin relating to that last preceding Interest Period). (2) (A) where the Reference Rate is specified in the applicable Final Terms as being XXXXX and the Calculation Method is specified in the applicable Final Terms as being Compounded Daily Rate, the Rate of Interest for each Interest Period will be Compounded Daily XXXXX for the Interest Period plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on each relevant Interest Determination Date.. In this Condition 4.2(b):