If “Redemption at the Option of the Issuer (Make Whole Redemption)” is specified as applicable in the relevant Pricing Supplement, the Issuer may, on giving the relevant Notice Period’s (as specified in the relevant Pricing Supplement) notice to the Noteholders and the Fiscal Agent (which notice shall be irrevocable) redeem the Notes in whole on any Make Whole Optional Redemption Date. Any such redemption of Notes shall be at their Make Whole Redemption Amount together with interest accrued to the date fixed for redemption.

“Make Whole Redemption Amount” means, with respect to each Capital Security to be redeemed, either: (i) an amount calculated by the Determination Agent equal to the higher of (i) the principal amount of such Capital Security and (ii) the sum of (x) the present value of the principal amount of such Capital Security and (y) the present values of Distribution payable for the relevant Distribution Payment Dates from, and including, the relevant Make Whole Optional Redemption Date to the Make Whole Calculation Date (exclusive of Distribution accrued to the Make Whole Optional Redemption Date), in each case, discounted to such redemption date at the Make Whole Reference Rate, plus the Make Whole Redemption Margin; or (ii) the amount specified in, or determined in the manner specified in, the applicable Pricing Supplement;

Make Whole Optional Redemption Date(s): Any date from the Issue Date up to (but excluding) the Maturity Date

Make Whole Redemption Margin: 0.50 per cent.