LCP Proudreed PLC - Irish Stock Exchange

Change in Currency
(k) (i) If at any time there is a change in the currency of the United Kingdom such that the Bank of
England recognises a different currency or currency unit as the lawful currency of the United
Kingdom, then references in, and obligations arising under, the Notes and Coupons outstanding
at the time of any such change and which are expressed in Sterling shall be converted into,
and/or any amount becoming payable under the Notes and Coupons thereafter as specified in
these Conditions shall be paid in, the currency or currency unit of the United Kingdom, and
in the manner designated by the Principal Paying Agent. Any such conversion shall be made
at the official rate of exchange recognised for that purpose by the Bank of England.
(ii) Where such a change in currency occurs, the Notes and Coupons then outstanding and the
Conditions shall be amended in the manner agreed by the Issuer, the Note Trustee and the
Principal Paying Agent so as to reflect that change and, so far as is practicable, to place the
Issuer, the Noteholders and the Couponholders in the same position they would have been in
had no change in currency occurred (such amendments to include changes required to reflect
any modification to business day or other conventions arising in connection with such change
in currency).
All amendments made pursuant to this Condition 7(k) (Payments – Change in Currency) shallbe
binding upon the Noteholders, the Couponholders and the Talonholders and none of the Issuer, the
Note Trustee, the Issuer Security Trustee and the Paying Agents shall be liable to any Noteholder,
Couponholder, Talonholder or other person for any costs, losses or expenses in relation to or
resulting from the credit or transfer of such other currency or currency unit or any currency
conversion or rounding effected in connection therewith.
8. PRESCRIPTION
General
(a) After the date on which a Note or Coupon becomes void in its entirety, no claim may be made in
respect of it.
Principal
(b) Claims for payment of principal in respect of Notes shall become void unless the relevant Notes are
presented for payment within ten years of the appropriate Relevant Date.
Interest
(c) Claims for interest in respect of Notes shall become void unless the relevant Coupons are, or while
any Notes are represented by a Global Note, the relevant Global Note is, presented for payment
within five years of the appropriate Relevant Date.
9. TAXATION
All payments in respect of the Notes and the Coupons will be made without withholding or deduction for
or on account of any present or future taxes, duties or charges of whatsoever nature unless the Issuer or
the relevant Paying Agent (as applicable) is required by the law of the jurisdiction of the tax residency
of the Issuer to make any payment in respect of the Notes subject to any withholding or deduction for or
on account of any such taxes, duties or charges. In that event, the Issuer or the relevant Paying Agent (as
the case may be) shall make such payment after such withholding or deduction has been made and shall
account to the relevant authorities for the amount so withheld or deducted. Neither the Issuer nor the
Paying Agents will be obliged to make any additional payments to the Noteholders or Couponholders in
respect of such withholding or deduction.
10. NOTE EVENTS OF DEFAULT
Determination of a Note Event of Default
(a) The Note Trustee:
(i) may, in its absolute discretion; or
165