INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Clausole campione

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save as discussed in risk factor 7, "Risks associated with conflicts of interest between Goldman Sachs Group and purchasers of Securities" on page 21 of this Prospectus, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the issue.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save for fees, if any, payable to the Dealer, and so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. Société Générale will ensure the roles of Issuer of the Notes (and as such will have to enter into hedging transactions) and Calculation Agent of the Notes. The possibility of conflicts of interest between the different roles of Société Générale on one hand, and between those of Société Générale in these roles and those of the Noteholders on the other hand cannot be excluded.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save for fees, if any, payable to the Dealer, and so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. Société Générale will ensure the roles of provider of hedging instruments to the Issuer of the Notes and Calculation Agent of the Notes. Société Générale will also ensure the roles of Collateral Agent and Securities Valuation Agent for the Notes. The possibility of conflicts of interest between the different roles of Société Générale on one hand, and between those of Société Générale in these roles and those of the Noteholders on the other hand cannot be excluded. Furthermore, given the banking activities of Société Générale, conflicts may arise between the interests of Société Générale acting in these capacities (including business relationship with the issuers of the financial instruments being underlyings of the Notes or possession of non public information in relation with them) and those of the Noteholders. Finally, the activities of Société Générale on the underlying financial instrument(s), on its proprietary account or on behalf of its customers, or the establishment of hedging transactions, may also have an impact on the price of these instruments and their liquidity, and thus may be in conflict with the interests of the Noteholders.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save as discussed in the "Potential Conflicts of Interest" paragraph in the "Risk Factors" in the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer. Investors must be informed of the fact that the Authorised Offerors (if any), will receive from the Issuer placement fees equal to a maximum amount of 1.50% of the amount of the Notes placed through such Authorised Offeror. All placement fees will be paid up-front by the Issuer. Investors must also consider that such fees are not included in the price of the Notes on the secondary market and, therefore, if the Notes are sold on the secondary market, fees embedded in the Issue Price will be deducted from the sale price. No fees will be paid by the Issuer to intermediaries performing the investment services of the collection and transmission of orders or of the mere execution of orders in the context of the distribution of the Notes during the Offer Period and directly or indirectly connected to the MOT Market through which investors will apply for the Notes. Reasons for the offer As set out in the Base Prospectus Estimated net proceeds: Not applicable Estimated total expenses: Not applicable
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save for fees, if any, payable to the Dealer, and so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Issuer and Société Générale expect to enter into hedging transactions in order to hedge the Issuer's obligations under the Notes. Should any conflicts of interest arise between (i) the responsibilities of Société Générale as Calculation Agent for the Notes and
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save for any fees payable to or by the Dealer and/or the Italian Distributors (as set out in item 45 of Part A above) and save as discussed in "Plan of Distribution for Notes", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the Italian Offer
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save as discussed in ‘‘Purchase and Sale’‘, so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Save for any fees payable to or by the Dealer and/or other entities involved in arranging and/or brokering of the Notes (as set out in item 45 of Part A above) and save as discussed in "Plan of Distribution for Notes", so far as the Issuer is aware, no person involved in the issuance and listing of the Notes has an interest material thereto. Banca Akros S.p.A. will act as a liquidity provider for the Notes (as set out in item 7 of Part B below). Entities belonging to the group of the Issuer and of the Guarantor, or of the liquidity provider, under ordinary course of their business as financial intermediaries, may from time to time receive, transmit and execute investors' orders relating to the Notes on the secondary market and as such perceive fees from such investors.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. Applicable Bayerische Hypo- und Vereinsbank AG has a conflict of interest being the Warrant Debtor of the Warrants, the Calculation Agent and the Market Maker on the SeDeX market of Borsa Italiana S.p.A., where the Warrants are expected to be admitted to trading, following an application by the Warrant Debtor.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER. So far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the issue.