SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

The Securities of each Series are direct, limited recourse obligations of the Issuer alone and not
of the officers, members, directors, employees, securityholders or incorporator of the Issuer, the
Counterparty, the Swap Guarantor, the obligor(s) in respect of any Charged Assets or any
Reference Entity or their respective successors or assigns. Furthermore, they are not obligations
of, or guaranteed in any way by, any Dealer(s).
Independent review and advice
Each prospective purchaser of Securities must determine, based on its own independent review
(including as to the financial condition and affairs and its own appraisal of the creditworthiness
of the Issuer, the Counterparty, the Swap Guarantor, any relevant obligor(s) in respect of the
Charged Assets and any Reference Entity) and such professional advice (including, without
limitation, tax, accounting, credit, legal and regulatory advice) as it deems appropriate under the
circumstances, whether an investment in the Securities is appropriate in its particular
circumstances.
In so doing, and without restricting the generality of the preceding paragraph, such prospective
purchaser must determine that its acquisition and holding of the Securities (i) is fully consistent
with its (or if it is acquiring the Securities in a fiduciary capacity, the beneficiary's) financial
needs, objectives and condition, (ii) complies and is fully consistent with all investment policies,
guidelines and restrictions applicable to it (whether acquiring the Securities as principal or in a
fiduciary capacity) and (iii) is a fit, proper and suitable investment for it (or if it is acquiring the
Securities in a fiduciary capacity, for the beneficiary), notwithstanding the clear and substantial
risks inherent in investing in or holding the Securities. None of the Issuer, the Trustee, the
Dealer(s) or any of their respective affiliates is acting as an investment adviser, or assumes any
fiduciary obligation, to any purchaser of Securities.
Neither this Information Memorandum nor any Supplemental Information Memorandum is
intended to provide the basis of any credit or other evaluation or should be considered as a
recommendation or constituting an invitation or offer that any recipient of this Information
Memorandum or any Supplemental Information Memorandum should purchase any Securities.
The Trustee and the Dealer(s) expressly do not undertake to review the financial condition or
affairs of the Issuer, the Counterparty, the Swap Guarantor, any relevant obligor(s) in respect of
the Charged Assets or any Reference Entity for any Series of Securities during the life of the
Programme.
Provision of information
Neither the Issuer, the Trustee, the Agents, the Dealer(s) nor any affiliate makes any
representation as to the credit quality of the Counterparty, the Swap Guarantor, any relevant
obligor(s) in respect of the Charged Assets or any Reference Entity for any Series of Securities.
Any of such persons may have acquired, or during the term of the Securities may acquire, nonpublic
information with respect to such Counterparty, Swap Guarantor obligor in respect of the
Charged Assets or Reference Entity. None of such persons is under any obligation to make
available any information relating to, or keep under review on the Securityholders' behalf, the
business, financial conditions, prospects, creditworthiness or status of affairs of any relevant
obligor(s) in respect of the Charged Assets or any Reference Entities or conduct any
investigation or due diligence into any such obligor(s) in respect of the Charged Assets or any
Reference Entities.
No secondary market
No secondary market is expected to develop in respect of the Securities and, in the unlikely
event that a secondary market in the Securities does develop, there can be no assurance that it
will provide the Securityholders with liquidity of investment or that it will continue for the life
- 50 -