OFFERING CIRCULAR SUPPLEMENT CLARIS LIMITED as Issuer ...

(ii)
Unmatured Coupons to become
void upon early redemption
(Bearer Notes only) (Condition
8(f)):
to make any payment due in respect of a
mandatory redemption under this Condition 7(c)
of part of the nominal amount of the Notes or
interest thereon shall not constitute an Event of
Default under Condition 10.
In the event of Notes becoming mandatorily due
for redemption and the Security becoming
enforceable (i) the Trustee may take such action
as is provided in Condition 4(d) and (ii) payment
of the Early Redemption Amount shall be made
subject to the operation of Condition 4(e), and
may therefore be less than the principal amount,
and any accrued interest or other sums due
under, of the Notes being redeemed.
Not applicable.
GENERAL PROVISIONS APPLICABLE TO THE NOTES
31 Form of Notes: Bearer Notes.
(i)
Temporary or permanent Global
Note/Certificate:
Temporary Global Note exchangeable for
Permanent Global Note, which is exchangeable
for Definitive Notes in the limited circumstances,
specified in the Permanent Global Note.
(ii) Applicable TEFRA exemption: D Rules.
32 Additional Financial Centre(s) (Condition
8(h)) or other special provisions relating to
payment dates:
33 Talons for future Coupons or Receipts to
be attached to Definitive Notes (and dates
on which such Talons mature):
34 Details relating to Partly Paid Notes:
amount of each payment comprising the
Issue Price and date on which each
payment is to be made and consequences
(if any) of failure to pay, including any
right of the Issuer to forfeit the Notes and
interest due on late payment:
Not applicable.
No.
Not applicable.
35 Details relating to Instalment Notes: Not applicable.
36 Redenomination, renominalisation and
reconventioning provisions:
Not applicable.
37 Consolidation provisions: Not applicable.
38 Other terms or special conditions: (i) If, at any time after the Interest Payment
Date scheduled to fall on the Step Up
Date to the Scheduled Maturity Date, the
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