OFFERING CIRCULAR SUPPLEMENT CLARIS LIMITED as Issuer ...

(viii) ISDA Determination (if different
from those set out in the
Conditions):
Not applicable.
(ix) Margin(s): Plus 1.15 per cent. per annum with respect to
each Interest Period commencing on and
including the Interest Period scheduled to
commence on (and include) the Issue Date to the
Interest Period scheduled to end on (but exclude)
the Step Up Date and plus 2.00 per cent. per
annum with respect to each Interest Period
commencing on and including the Interest Period
scheduled to commence on (and include) the
Step Up Date to and including the Interest Period
scheduled to end on (but exclude) the Scheduled
Maturity Date (applicable only where the
Floating Rate Option is EUR-EURIBOR-
Telerate).
(x) Minimum Rate of Interest: 0 per cent. per annum.
(xi) Maximum Rate of Interest: Not applicable.
Plus 0.00 per cent. per annum (applicable only
where the Floating Rate Option is EUR-EONIA-
OIS-COMPOUND) as amended from time to
time in accordance with the Deposit Agreement
to follow the opposite of the Deposit Margin
paid on the Deposit Agreement.
(xii)
Day Count Fraction (Condition
6(a)):
Actual/360.
(xiii) Rate Multiplier: Not applicable.
(xiv)
Fall back provisions, rounding
provisions, denominator and any
other terms relating to the method
of calculating interest on Floating
Rate Notes, if different from those
set out in the Conditions:
(1) Condition 6(i) applies, save that the
reference in the third line thereof to “the
outstanding nominal amount of such
Note” shall be deemed instead to refer to
an amount calculated on each Interest
Observation Date (as defined below)
equal to (I) the Relevant Proportion of
the sum of the Daily Outstanding
Amounts for each day of the relevant
Interest Period (each such day, a
“Relevant Calculation Date”) divided
by (II) the actual number of days in such
Interest Period;
where:
“Daily Outstanding Amount” means
the higher of (i) zero and (ii) the
Adjusted Aggregate Nominal Amount
minus the Notional Reduction Amount
(each as of that Relevant Calculation
Date).
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