Common use of Adjustments for European Monetary Union Clause in Contracts

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holder, on giving notice to the Holders in accordance with General Condition 4 elect that, with effect from the Adjustment Date specified in such notice, certain terms of the Securities shall be redenominated in euro. The election will have effect as follows: (i) where the Settlement Currency is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the Treaty, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide and as may be specified in the notice, and after the Adjustment Date, all payments in respect of the Securities will be made solely in euro as though references in the Securities to the Settlement Currency were to euro; (ii) where the Conditions contain a rate of exchange or any of the Conditions are expressed in a National Currency Unit (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the Treaty, such rate of exchange and/or any other terms of the Conditions shall be deemed to be expressed in or, in the case of a rate of exchange, converted for or, as the case may be into, euro at the Established Rate; and (iii) such other changes shall be made to the Conditions as the Issuer may decide to conform them to conventions then applicable to instruments expressed in euro. (b) Adjustment to Conditions. The Issuer may, without the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 make such adjustments to the Conditions as the Issuer may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b), none of the Issuer, the Calculation Agent nor any Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 11: (A) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Certificates shall be redenominated in euro. The election will have effect as follows:. (ia) where the Settlement Currency of the Certificates is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Certificates will be made solely in euro as though references in the Securities Certificates to the Settlement Currency were to euro; (iib) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “"Original Currency”") of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iiic) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (bB) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Weighting and/or the Settlement Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Weighting and/or the Settlement Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b), none of the Issuer, the Calculation Agent nor any Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 11: (A) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Warrants shall be redenominated in euro. The election will have effect as follows:; (ia) where the Settlement Currency of the Warrants is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Warrants will be made solely in euro as though references in the Securities Warrants to the Settlement Currency were to euro; (iib) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “"Original Currency”") of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iiic) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (bB) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Weighting and/or the Settlement Price and/or the Exercise Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Weighting and/or the Settlement Price and/or the Exercise Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b), none of the Issuer, the Calculation Agent nor any Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 10: (i) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Warrants shall be redenominated re-denominated in euro. Euro; The election will have effect as follows: (iA) where the Settlement Currency of the Warrants is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro Euro converted from the original Settlement Currency into euro Euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Warrants will be made solely in euro Euro as though references in the Securities Warrants to the Settlement Currency were to euroEuro; (iiB) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro Euro at the Established Rate; and (iiiC) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.Euro; and/or (bii) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Multiplier and/or the Settlement Price and/or the Exercise Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Multiplier and/or the Settlement Price and/or the Exercise Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, the Calculation Agent nor any and the Principal Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro Euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. ; In this General Condition, the following expressions have the meanings set out below.following meanings: "Adjustment Date" means a date specified by the Issuer in the notice given to the Holders pursuant to this Condition which falls on or after the date on which the country of the Original Currency first participates in the third stage of European Economic and Monetary Union pursuant to the Treaty;

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 10: (a) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities shall be redenominated in euro. The election will have effect as follows: (i) where the Settlement Currency of the Securities is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities will be made solely in euro as though references in the Securities to the Settlement Currency were to euro; (ii) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “"Original Currency”") of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iii) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (b) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Weighting and/or the Settlement Price and/or the Exercise Price (in the case of Warrants) and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Weighting and/or the Settlement Price and/or the Exercise Price (in the case of Warrants) and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, the Guarantor, if any, the Calculation Agent nor any Agent and the Security Agents shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.following meanings: "Adjustment Date" means a date specified by the Issuer in the notice given to the Holders pursuant to this Condition which falls on or after the date on which the country of the Original Currency first participates in the third stage of European Economic and Monetary Union pursuant to the Treaty;

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 10: (i) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Warrants shall be redenominated in euro. Euro; The election will have effect as follows: (iA) where the Settlement Currency of the Warrants is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro Euro converted from the original Settlement Currency into euro Euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Warrants will be made solely in euro Euro as though references in the Securities Warrants to the Settlement Currency were to euroEuro; (iiB) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro Euro at the Established Rate; and (iiiC) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.Euro; and/or (bii) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Multiplier and/or the Settlement Price and/or the Exercise Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Multiplier and/or the Settlement Price and/or the Exercise Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, the Calculation Agent nor any and the Principal Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro Euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. ; In this General Condition, the following expressions have the meanings set out following meanings: "Adjustment Date" means a date specified by the Issuer in the notice given to the Holders pursuant to this Condition which falls on or after the date on which the country of the Original Currency first participates in the third stage of European Economic and Monetary Union pursuant to the Treaty (as defined below.);

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Securityholders, on giving notice to the Holders Securityholders in accordance with General Condition 4 7: (i) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities shall be redenominated in euro. ; The election will have effect as follows: (iA) where the Settlement Currency of the Securities is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer Calculation Agent may decide and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities will be made solely in euro as though references in the Securities to the Settlement Currency were to euro; (iiB) where the Exchange Rate and/or any other terms of these Conditions contain a rate of exchange (as amended or any of supplemented in the Conditions applicable Final Terms) are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for or, as the case may be into, euro at the Established Rate; and (iiiC) such other changes shall be made to these Conditions (as amended or supplemented in the Conditions applicable Final Terms) as the Issuer may decide decide, in its sole and absolute discretion to conform them to conventions then applicable to instruments expressed in euro.; and/or (bii) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Multiplier and/or the Exercise Price and/or the Settlement Price and/or any other terms of these Conditions and/or the applicable Final Terms as the Issuer Calculation Agent, in its sole and absolute discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Conditions. (c) Euro Conversion CostsMultiplier and/or the Exercise Price and/or the Settlement Price and/or such other terms of these Conditions and/or the applicable Final Terms). Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, any of its Affiliates, the Calculation Agent nor or any Agent of the Security Agents shall be liable to any Holder Securityholder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.following meanings:

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 11: (i) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Certificates shall be redenominated in euro. ; The election will have effect as follows: (iA) where the Settlement Currency of the Certificates is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Certificates will be made solely in euro as though references in the Securities Certificates to the Settlement Currency were to euro; (iiB) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iiiC) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (bii) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Multiplier and/or the Settlement Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Multiplier and/or the Settlement Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b), none of the Issuer, the Calculation Agent nor any Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Securityholders, on giving notice to the Holders Securityholders in accordance with General Condition 4 8: (i) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities shall be redenominated in euro. ; The election will have effect as follows: (iA) where the Settlement Currency of the Securities is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer Calculation Agent may decide and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities will be made solely in euro as though references in the Securities to the Settlement Currency were to euro; (iiB) where the Exchange Rate and/or any other terms of these Conditions contain a rate of exchange (as amended or any of supplemented in the Conditions applicable Final Terms) are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for or, as the case may be into, euro at the Established Rate; and (iiiC) such other changes shall be made to these Conditions (as amended or supplemented in the Conditions applicable Final Terms) as the Issuer may decide decide, in its sole and absolute discretion to conform them to conventions then applicable to instruments expressed in euro.; and/or (bii) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Multiplier and/or the Exercise Price and/or the Settlement Price and/or any other terms of these Conditions and/or the applicable Final Terms as the Issuer Calculation Agent, in its sole and absolute discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Conditions. (c) Euro Conversion CostsMultiplier and/or the Exercise Price and/or the Settlement Price and/or such other terms of these Conditions and/or the applicable Final Terms). Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, any of its Affiliates, the Calculation Agent nor or any Agent of the Security Agents shall be liable to any Holder Securityholder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.following meanings:

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 11: (a) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Warrants shall be redenominated in euro. ; The election will have effect as follows: (i) where the Settlement Currency of the Warrants is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Warrants will be made solely in euro as though references in the Securities Warrants to the Settlement Currency were to euro; (ii) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iii) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (b) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Weighting and/or the Settlement Price and/or the Exercise Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Weighting and/or the Settlement Price and/or the Exercise Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b), none of the Issuer, the Calculation Agent nor any Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holder, on giving notice to the Holders in accordance with General Condition 4 elect that, with effect from the Adjustment Date specified in such notice, certain terms of the Securities shall be redenominated in euro. The election will have effect as follows: (i1) where the Settlement Currency is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the Treaty, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide and as may be specified in the notice, and after the Adjustment Date, all payments in respect of the Securities will be made solely in euro as though references in the Securities to the Settlement Currency were to euro; (ii2) where the Conditions contain a rate of exchange or any of the Conditions are expressed in a National Currency Unit (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the Treaty, such rate of exchange and/or any other terms of the Conditions shall be deemed to be expressed in or, in the case of a rate of exchange, converted for or, as the case may be into, euro at the Established Rate; and (iii3) such other changes shall be made to the Conditions as the Issuer may decide to conform them to conventions then applicable to instruments expressed in euro. (b) Adjustment to Conditions. The Issuer may, without the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 make such adjustments to the Conditions as the Issuer may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b), none of the Issuer, the Calculation Agent nor any Agent shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. In this General Condition, the following expressions have the meanings set out below.

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 11: (a) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Certificates shall be redenominated in euro. ; The election will have effect as follows: (i) where the Settlement Currency of the Certificates is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Certificates will be made solely in euro as though references in the Securities Certificates to the Settlement Currency were to euro; (ii) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iii) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (b) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Weighting and/or the Settlement Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Weighting and/or the Settlement Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, the Guarantor, if any, the Calculation Agent nor any Agent and the Certificate Agents shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. ; In this General Condition, the following expressions have the meanings set out below.following meanings:

Adjustments for European Monetary Union. (a) Redenomination. The Issuer may, without the consent of any Holderthe Holders, on giving notice to the Holders in accordance with General Condition 4 11: (A) elect that, with effect from the Adjustment Date specified in such the notice, certain terms of the Securities Certificates shall be redenominated in euro. ; The election will have effect as follows: (ia) where the Settlement Currency of the Certificates is the National Currency Unit of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such Settlement Currency shall be deemed to be an amount of euro converted from the original Settlement Currency into euro at the Established Rate, subject to such provisions (if any) as to rounding as the Issuer may decide decide, after consultation with the Calculation Agent, and as may be specified in the notice, and after the Adjustment Date, all payments of the Cash Settlement Amount in respect of the Securities Certificates will be made solely in euro as though references in the Securities Certificates to the Settlement Currency were to euro; (iib) where the Conditions contain a rate Exchange Rate and/or any other terms of exchange or any of the these Terms and Conditions are expressed in a National Currency Unit or, in the case of the Exchange Rate, contemplate the exchange from or into, the currency (the “Original Currency”) of a country which is participating in the third stage of European Economic and Monetary Union pursuant to the TreatyUnion, such rate of exchange Exchange Rate and/or any other terms of the these Terms and Conditions shall be deemed to be expressed in or, in the case of a rate of exchangethe Exchange Rate, converted for from or, as the case may be into, euro at the Established Rate; and (iiic) such other changes shall be made to the these Terms and Conditions as the Issuer may decide decide, after consultation with the Calculation Agent to conform them to conventions then applicable to instruments expressed in euro.; and/or (bB) Adjustment to Conditions. The Issuer may, without require that the consent of the Holders, on giving notice to the Holders in accordance with General Condition 4 Calculation Agent make such adjustments to the Weighting and/or the Settlement Price and/or any other terms of these Terms and Conditions and/or the Final Terms as the Issuer Calculation Agent, in its sole discretion, may determine to be appropriate to account for the effect of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Weighting and/or the Settlement Price and/or such other terms of these Terms and Conditions. (c) Euro Conversion Costs. Notwithstanding General Condition 11(a) and/or General Condition 11(b)the foregoing, none of the Issuer, the Guarantor, if any, the Calculation Agent nor any Agent and the Certificate Agents shall be liable to any Holder or other person for any commissions, costs, losses or expenses in relation to or resulting from the transfer of euro or any currency conversion or rounding effected in connection therewith. (d) Definitions Relating to European Economic and Monetary Union. ; In this General Condition, the following expressions have the meanings set out below.following meanings: