Prior to (and including) [TBD], the Issuer may, on giving not less than ten Business Days’ irrevocable notice to the Noteholders in accordance with Condition 16 and to the Trustee, the CDP Issuing and Paying Agent, the Registrar and the Determination Agent in writing, redeem the Notes, in whole or in part, at any time and from time to time (such date of redemption, the “Make-Whole Redemption Date”), at the Make Whole Redemption Price (as determined by the Determination Agent).

The “Make-Whole Redemption Price” means an amount equal to the greater of:

(a) (i) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Make-Whole Redemption Date (assuming the Notes matured on the Par Call Date), less (ii) interest accrued to the Make-Whole Redemption Date; and

(b) 100 per cent. of the outstanding Aggregate Nominal Amount of Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding, the Make-Whole Redemption Date.

plus, in either case, accrued and unpaid interest thereon to, but excluding, the Make-Whole Redemption Date.

Where the above expression “present value” in paragraphs 21(a)(i) and 21(a)(ii) above shall be calculated by discounting the relevant amounts to the Make-Whole Redemption Date at the rate equal to the sum of: (1) the SORA-OIS corresponding to the duration of the remaining period to the Par Call Date of the Note expressed on a semi-annual basis (rounded up, if necessary, to three decimal places) (the “Make-Whole Call Reference Rate”) on the third business day prior to the Make-Whole Redemption Date (the “Make-Whole Amount Determination Date”), provided that if there is no rate corresponding to the relevant period, the SORA-OIS used will be the interpolated interest rate as calculated using the SORA-OIS or the two periods most closely approximating the duration of the remaining period to the Par Call Date and (2) [TBD] per cent.;