Applicable pursuant to Condition 5(i) (Redemption at the Option of the Issuer (“Issuer Call”)), subject to the provisions of Condition 5(h)(ii)

5(i) Redemption at the Option of the Issuer (“Issuer Call”)

If an Issuer Call is specified as applicable in the Pricing Term Sheet with respect to any Series of Notes (subject to the provisions of Condition 5(h) (Conditions to redemption, substitution, variation, purchase or cancellation of Notes prior to Maturity Date) as the case may be), the Issuer may, at its option on any Optional Redemption Date and having given not less than fifteen (15) nor more than thirty (30) calendar days’ prior notice (or such other period as is specified in the Pricing Term Sheet) to the Noteholders, in accordance with Condition 12 (Notices) below, which notice shall be irrevocable, redeem in whole or in part the outstanding Notes of such Series, at their Optional Redemption Amount, as provided in Condition 5(k) (Optional Redemption Amounts), together, if appropriate, with interest accrued to, but excluding, the Optional Redemption Date. Any such redemption must be of a nominal amount not less than a minimum redemption amount (the “Minimum Redemption Amount”) nor more than a maximum redemption amount (the “Maximum Redemption Amount”), both as specified in the Pricing Term Sheet.

Optional Redemption Date: January 10, 2033

Optional Redemption of Notes by the Issuer upon the Occurrence of a MREL or TLAC Disqualification Event:

The Issuer may, at its option, redeem all (but not some only) of the outstanding Notes at any time upon the occurrence of a MREL or TLAC Disqualification Event at the Early Redemption Amount, subject to the provisions of Condition 5(h)(ii).

“MREL or TLAC Disqualification Event” means a change in the classification of the Notes under the MREL or TLAC Requirements, that was not reasonably foreseeable by the Issuer at the Issue Date of the Notes, and that would be likely to result in or has resulted in the Notes being fully or partially excluded from the own funds or eligible liabilities available to meet the MREL or TLAC Requirements (as called or defined in the then applicable laws and regulations or MREL or TLAC criteria applicable to the Issuer). For the avoidance of doubt, the exclusion of a Series of Notes from the own funds or eligible liabilities available to meet the MREL or TLAC Requirements due to the remaining maturity of such Notes being less than any period prescribed thereunder, does not constitute a MREL or TLAC Disqualification Event.