LCP Proudreed PLC - Irish Stock Exchange

Removal and Replacement of Note Trustee and Issuer Security Trustee
(d) There shall at all times be a Note Trustee and a Issuer Security Trustee and the Note Trust Deed and
the Issuer Deed of Charge provide that the retirement or removal of any Note Trustee or Issuer
Security Trustee shall not become effective unless and until a replacement Note Trustee or Issuer
Security Trustee (as the case may be) is appointed.
17. AGENTS
Paying Agents and Agent Bank Solely Agents of Issuer
(a) In acting under the Agency Agreement and in connection with the Notes, the Coupons or the
Talons, the Paying Agents and the Agent Bank act solely as agents of the Issuer and (to the extent
provided in the Agency Agreement) the Note Trustee and neither the Paying Agents nor the Agent
Bank shall be under any fiduciary duty or other obligation towards, or have any relationship of
agency or trust for or with, any of the Noteholders, Couponholders or Talonholders.
Determinations Binding
(b) Any determination or calculation made by the Agent Bank shall be binding on the Noteholders, the
Couponholders and the Talonholders in the absence of manifest error, breach of contract or
negligence.
18. REPLACEMENT OF NOTES, COUPONS AND TALONS
If any Note, Coupon or Talon is lost, stolen, mutilated, defaced or destroyed, it may be replaced at
the specified office of any of the Paying Agents upon payment by the claimant of the costs and
expenses incurred in connection with such replacement and on such terms as to evidence, security,
indemnity and otherwise as the Issuer and/or the relevant Paying Agent may reasonably require.
Mutilated or defaced Notes, Coupons or Talons must be surrendered before replacements will be
issued.
19. NOTICES AND INFORMATION
Valid Notices
(a) Any notice to Noteholders shall be validly given if it is published in a leading English language daily
newspaper having general circulation in London (which is expected to be the Financial Times) or,
if this is not practicable, in another leading English language newspaper as the Note Trustee shall
approve having general circulation in London. Any such notice shall be deemed to have been given
to Noteholders on the date of such publication or, if published more than once or on different dates,
on the first date on which publication is made in the manner required in the newspaper referred to
above.
Notices While Notes in Global Form
(b) For so long as any of the Notes are represented by a Global Note and such Global Note is held on
behalf of Euroclear and/or Clearstream, Luxembourg, notices to Noteholders may be given by
delivery of the relevant notice to Euroclear and/or Clearstream, Luxembourg (as the case may be)
for communication to the relevant accountholders rather than by publication as required by
Condition 19(a) (Notices and Information – Valid Notices). Any notice delivered to Euroclear and/or
Clearstream, Luxembourg shall be deemed to have been given to Noteholders on the date on which
such notice is delivered to Euroclear and/or Clearstream, Luxembourg (as the case may be). So long
as the Notes are listed on the Irish Stock Exchange and the rules of that exchange so require, notices
will also be published in a leading English language daily newspaper having general circulation in
the United Kingdom (which is expected to be the Financial Times).
Notices on Screen Page
(c) Any notice specifying an Interest Payment Date, a Rate of Interest, an Interest Amount, a Note
Principal Payment, a Principal Amount Outstanding or a Pool Factor or specifying that a Note
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