ALBA 2007 – 1 plc - Irish Stock Exchange

If Definitive R Certificates are issued, the beneficial interests represented by the Global R Certificate
shall be exchanged by the Issuer for Definitive R Certificates in an amount proportionate to the
beneficial interests represented by the Global R Certificate subject to and in accordance with the
detailed provisions of the Paying Agency Agreement, the Trust Deed and the Global R Certificate.
Condition 13: Replacement of Definitive R Certificates
If any R Certificate is mutilated, defaced, lost, stolen or destroyed, it may be replaced at the specified
office of any Paying Agent. Replacement of any mutilated, defaced, lost, stolen or destroyed R
Certificate will only be made on payment of such costs as may be incurred in connection therewith and
on such terms as to evidence and indemnity as the Issuer may reasonably require. Mutilated or defaced
R Certificates must be surrendered before new ones will be issued.
Condition 14: Notice to R Certificateholders
Any notice to the R Certificateholders shall be validly given if either published in The Irish Times or, if
such newspaper shall cease to be published or timely publication therein shall not be practicable, in
such English language newspaper or newspapers as the Trustee shall approve having a general
circulation in Dublin or published on the Relevant Screen. Any such notice shall be deemed to have
been given to the R Certificateholders and they shall be deemed to have notice of the content of any
such notice, in each case, on the date of such publication or, if published more than once or on
different dates, on the first date on which publication shall have been made in the newspaper or
newspapers in which (or on the Relevant Screen on which) publication is required.
The Trustee shall be at liberty to sanction some other method of giving notice to the
R Certificateholders if, in its opinion, such other method is reasonable having regard to market practice
then prevailing and to the requirements of the stock exchange or equivalent regulatory authority on
which the R Certificates are then listed and provided that notice of such other method is given to the R
Certificateholders in such manner as the Trustee shall require.
Condition 15: Non Petition
The R Certificateholders shall not be entitled to take any steps (otherwise than in accordance with the
Issuer Security Deed):
(a)
(b)
(c)
(d)
to direct the Trustee to enforce the Security; or
to take or join any person in taking steps against the Issuer for the purpose of obtaining payment
of any amount due from the Issuer to it; or
to initiate or join any person in initiating any Insolvency Proceedings in relation to the Issuer or
the appointment of an Insolvency Official in relation to the Issuer or in relation to the whole or
any substantial part of the undertakings or assets of the Issuer; or
to take any steps or proceedings which would result in the Priorities of Payments not being
observed.
Condition 16: Rights of Third Parties
No rights are conferred on any third person (except the R Certificateholders) under the Contracts
(Rights of Third Parties) Act 1999 to enforce any term of the R Certificates, but this does not affect any
right or remedy of any person which exists or is available apart from that Act.