If an issuer call option (“Issuer Call Option”) 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 Notes of such Series then outstanding, 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: April 13, 2028

Redemption upon the occurrence of a MREL or TLAC Disqualification Event

If “MREL or TLAC Disqualification Event” is specified as applicable in the Pricing Term Sheet, upon the occurrence of a MREL or TLAC Disqualification Event (as defined below) with respect to any Series of Notes (other than 3(a)(2) Notes), the Issuer may, at any time, at its option (subject to the provisions of Condition 5(h) (Conditions to redemption, substitution, variation, purchase or cancellation of Notes prior to Maturity Date)) and having given no less than thirty (30) nor more than forty-five (45) calendar days’ prior notice to the Noteholders (in accordance with Condition 12 (Notices) below) and the Fiscal and Paying Agent, redeem all (but not some only) of the outstanding Notes of such Series at the Early Redemption Amount, as provided in Condition 5(l) (Early Redemption Amount), together, if appropriate, with accrued interest to (but excluding) the date fixed for redemption.

“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.

Substitution and Variation:

The Issuer may, at its option, upon the occurrence of a Withholding Tax Event, a Gross-Up Event or a MREL or TLAC Disqualification Event or in order to ensure the effectiveness and enforceability of the bail-in power and the statutory write-down or conversion powers, elect either to (i) substitute all (but not some only) of the Notes or (ii) vary the terms of all (but not some only) of the Notes, so that they become or remain Qualifying Senior Notes, subject to the prior permission of the Relevant Resolution Authority pursuant to Condition 5(h)(ii).