INFORMATION MEMORANDUM DATED 9 JULY 2009 ...
INFORMATION MEMORANDUM DATED 9 JULY 2009 ...
INFORMATION MEMORANDUM DATED 9 JULY 2009 ...
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8. Hungary<br />
The Notes have been offered on a private placement basis pursuant to Clause 14 of the Capital<br />
Markets Act (Act CXX of 2001) and have not been publicly offered in Hungary (or elsewhere)<br />
and therefore no licence has been issued by the Hungarian Financial Supervisory Authority for<br />
the public offering of the Securities in Hungary. Any subsequent transfer or on-sale of the<br />
Notes must be carried out in accordance with the private placement exemptions of the Capital<br />
Markets Act.<br />
9. Russian Federation<br />
Each Dealer has agreed that the Notes will not be offered, transferred or sold as part of their<br />
initial distribution or at any time thereafter to or for the benefit of any persons (including legal<br />
entities) resident, incorporated, established or having their usual residence in the Russian<br />
Federation or to any person located within the territory of the Russian Federation unless and to<br />
the extent otherwise permitted under Russian Law; it being understood and agreed that the<br />
Dealers may distribute the Information Memorandum to qualified investors (as defined under<br />
Russian law) in the Russian Federation in a manner that does not constitute advertisement (as<br />
defined in Russian law) of Notes and may sell Notes to Russian qualified investors in a manner<br />
that does not constitute ''placement'' or ''public circulation'' of the Notes in the Russian<br />
Federation (as defined in Russian law).<br />
Information set forth in this Information Memorandum is not an offer, or an invitation to make<br />
offers, to sell, exchange or otherwise transfer, the Notes in the Russian Federation or to or for<br />
the benefit of any Russian person or entity.<br />
Since neither the issuance of the Notes nor a Russian securities prospectus in respect of the<br />
Notes has been registered, or is intended to be registered, with the Federal Service for Financial<br />
Markets of the Russian Federation, the Notes are not eligible for initial offering or public<br />
circulation in the Russian Federation.<br />
10. Kingdom of Sweden<br />
Each Dealer has represented and agreed, and each further Dealer appointed under the<br />
Programme will be required to represent and agree, that it will not, directly or indirectly, offer<br />
for subscription or purchase or issue invitations to subscribe for or buy or sell the Notes or<br />
distribute this Information Memorandum or any other document in relation to any such offer,<br />
invitation or sale in the Kingdom of Sweden, except, in compliance with the laws of the<br />
Kingdom of Sweden and only under circumstances where such offer, invitation or sale does not<br />
require the publication or registration of a prospectus in Sweden as set forth in Chapter 2 of the<br />
Financial Instruments Trading Act (lag (1991:980) om handel med finansiella instrument), as<br />
amended.<br />
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