Titan Europe 2007-1 (NHP) Limited - Irish Stock Exchange

(a) to legal entities which are authorised or regulated to operate in the financial markets or, if not so
authorised or regulated, whose corporate purpose is solely to invest in securities;
(b) to any legal entity which has two or more of (1) an average of at least 250 employees during the last
financial year; (2) a total balance sheet of more than €43,000,000 and (3) an annual net turnover of
more than €50,000,000, as shown in its last annual or consolidated accounts; or
(c) in any other circumstances which do not require the publication by the Issuer of a prospectus pursuant
to Article 3 of the Prospectus Directive.
For the purposes of this provision, the expression an “offer of Notes to the public” in relation to any Notes
in any Relevant Member State means the communication in any form and by any means of sufficient
information on the terms of the offer and the Notes to be offered so as to enable an investor to decide to
purchase or subscribe the Notes, as the same may be varied in that Member State by any measure implementing
the Prospectus Directive in that Member State and the expression Prospectus Directive means Directive
2003/71/EC and includes any relevant implementing measure in each Relevant Member State.
NOTICE TO DUTCH INVESTORS
The Notes will only be offered to professional market parties in the meaning of section 1.1 of the Act on
Financial Supervision (Wet op het financieel toezicht) and section 3 of the decree on definitions relating thereto
(besluit definitiebepalingen Wet op het financieel toezicht), as amended from time to time.
NOTICE TO SPANISH INVESTORS
Neither the Notes nor this Offering Circular have been approved or registered in the administrative
registries of the Spanish Securities Markets Commission (Comisión Nacional del Mercado de Valores).
Accordingly, the Notes may not be offered in Spain except in circumstances which do not constitute a public
offer of securities in Spain within the meaning of article 30bis of the Spanish Securities Market Law of 28 July
1988 (Ley 24/1988, de 28 de julio, del Mercado de Valores), as amended and restated, and supplemental rules
enacted thereunder.
NOTICE TO BELGIAN INVESTORS
The offer of the Notes is exclusively conducted under applicable private placement exemptions and
therefore it has not been and will not be notified by the Issuer or by the competent authority of the home
member state of the Issuer pursuant to Article 18.1 of the Prospectus Directive to, and the Offering Circular or
any other offering material relating to the Notes has not been, and will not be, approved by the Belgian Banking,
Finance and Insurance Commission (Commission Bancaire, Financière et des Assurances / Commissie voor het
Bank, Financie en Assurantiewezen) (the “BFIC”). Accordingly, such offer may not be advertised and each
initial purchaser has represented, warranted and agreed that it has not offered, sold, resold, transferred or
delivered, and will not offer, sell, resell, transfer or deliver, the Notes and that it has not advertised or
distributed, or will not advertise or distribute this Offering Circular or any other information circular, brochure
or similar document relating to the Notes, either directly or indirectly, to any individual or legal entity in
Belgium other than in circumstances which do not constitute an offer to the public in Belgium pursuant to the
Belgian law of 22 April 2003 on the public offering of securities (loi relative aux offres publiques de titres / wet
betreffende de openbare aanbiedingen van effecten), as interpreted in accordance with the communication of 16
June 2005 of the BFIC and as will be replaced by the Belgian law implementing the Prospectus Directive
2003/71/EC.
In addition, each offer to sell or each sale of Notes must be made in compliance with the provisions of the
Law of 14 July 1991 on trade practices and consumer protection (loi sur les pratiques du commerce et sur
l’information et la protection du consommateur / wet betreffende de handelspraktijken en de voorlichting en
bescherming van de consument), to the extent such law is applicable pursuant to the Royal Decree of 5
December 2000 making applicable certain provisions of the Law of 14 July 1991 on trade practices and
consumer protection on financial instruments, securities and values (arrêté royal rendant applicables aux
instruments financiers et aux titres et valeurs certaines dispositions de la loi du 14 Juillet 1991 sur les pratiques
du commerce et sur l’information et la protection du consommateur / koninklijk besluit waarbij sommige
bepalingen van de wet van 14 Juli 1991 betreffende de handelspraktijken en de voorlichting en bescherming van
de consument, van toepassing worden verklaard op financiële instrumenten, effecten en waarden).
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