Common use of Minimum Denomination of Notes Clause in Contracts

Minimum Denomination of Notes. Except for Non-EU Notes (as defined below), no Notes may be issued under the Programme which have a minimum denomination of less than EUR 100,000 (or equivalent in another currency at their issue date). Subject thereto, Notes will be issued in such denominations as may be specified in the applicable Offering Circular Supplement, subject to compliance with all applicable legal and/or regulatory and/or central bank requirements. Notes that are (A) denominated in the currency for the time being of any country which is not a Member State of the European Economic Area; and (B)(i) are admitted to listing, trading and/or quotation on any other stock exchange, listing authority and/or quotation system in any country which is not a Member State of the European Economic Area; or (B)(ii) are offered by private placement into any country which is not a Member State of the European Economic Area (together, "Non-EU Notes"), may, subject to applicable law and regulation, be issued in any denomination, including in denominations of less than EUR 100,000. Minimum Unit size of Warrants .. Warrants will be issued at such prices or in such Unit sizes as may be specified in the applicable Offering Circular Supplement, subject to compliance with all applicable legal and/or regulatory and/or central bank requirements. Except for Non-EU Warrants (as defined below), the minimum consideration which will be paid by a Holder of Warrants for such Warrants on the Issue Date relating thereto will be at least equal to EUR 100,000 (or equivalent in another currency at that time). Warrants that are (A) settled in the currency for the time being of any country which is not a Member State of the European Economic Area; and (B)(i) are admitted to listing, trading and/or quotation on any other stock exchange, listing authority and/or quotation system in any country which is not a Member State of the European Economic Area; or (B)(ii) are offered by private placement into any country which is not a Member State of the European Economic Area (together, "Non-EU Warrants"), may, subject to applicable law and regulation, be issued at any issue price or price per Unit, in either case of less than EUR 100,000. Redemption of Notes ..................... The Offering Circular Supplement will specify the basis for calculating the redemption amounts payable in respect of each Series of Notes or the basis for their calculation.