NIG Prospectus - London Stock Exchange

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Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 09 : 3776 Section 09GENERAL INFORMATIONAuthorisationThe establishment of the Programme and the issue of Trust Certificates have been duly authorisedby a resolution of the Board of Directors of the Issuer dated 18 July 2007. The Issuer has obtainedall necessary consents, approvals and authorisations in the Cayman Islands in connection with theissue and performance of the Trust Certificates. The entry into the Transaction Documents to whichit is a party (other than any supplemental documents specific to a particular Series) was authorisedby the Board of Directors of NIG on 21 July 2007.Listing of Trust CertificatesIt is expected that each Series of Trust Certificates which is to be admitted to the Official List andto trading on the London Stock Exchange’s Gilt Edged and Fixed Interest Market will be admittedseparately as and when issued, subject only to the issue of a Global Trust Certificate initiallyrepresenting the Trust Certificates of such Series. Application has been made to the UK ListingAuthority for Trust Certificates issued under the Programme to be admitted to the Official List andto the London Stock Exchange for such Trust Certificates to be admitted to trading on the LondonStock Exchange’s Gilt Edged and Fixed Interest Market. The listing of the Programme in respect ofTrust Certificates is expected to be granted on or before 16 August 2007.Documents AvailableFor the period of 12 months following the date of this Base Prospectus, copies of the followingdocuments will, when published, be available for inspection from the registered office of theIssuer and from the specified office of the Paying Agent for the time being in London:(a)(b)(c)(d)(e)(f)(g)the Memorandum and Articles of Association of the Issuer;the consolidated audited financial statements of NIG in respect of the financial years ended31 December 2005 and 31 December 2006. NIG currently prepares audited consolidatedaccounts on an annual basis;the most recently published consolidated audited annual financial statements of NIG andthe most recently published consolidated unaudited interim financial statements (if any) ofNIG. NIG currently prepares unaudited consolidated interim accounts on a quarterly basis;the Programme Agreement, the Master Trust Deed, the Master Mudarabah Agreement, theAgency Agreement, the Purchase Undertaking, the Sale Undertaking and the forms of theGlobal Trust Certificate and the Trust Certificates in definitive form;each Supplemental Trust Deed and Supplemental Mudarabah Agreement in relation to TrustCertificates which are admitted to listing, trading and/or quotation by any listing authority,stock exchange and/or quotation system;a copy of this Base Prospectus;any future offering circulars, prospectuses, information memoranda and supplementsincluding Final Terms (save that a Final Terms relating to a Trust Certificate which is neitheradmitted to trading on a regulated market in the European Economic Area nor offered in theEuropean Economic Area in circumstances where a prospectus is required to be publishedunder the Prospectus Directive will only be available for inspection by a holder of such TrustCertificate and such holder must produce evidence satisfactory to the Issuer and thePrincipal Paying Agent as to its holding of Trust Certificates and identity) to this BaseProspectus and any other documents incorporated herein or therein by reference; and100
Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 09 : 3776 Section 09(h)in the case of each issue of Trust Certificates which is listed on the London Stock Exchangesubscribed pursuant to a subscription agreement, the subscription agreement (or equivalentdocument).Clearing SystemsThe Trust Certificates have been accepted for clearance through Euroclear and Clearstream,Luxembourg (which are the entities in charge of keeping the records). The appropriate CommonCode and ISIN for each Series of Trust Certificates allocated by Euroclear and Clearstream,Luxembourg will be specified in the applicable Final Terms. If the Trust Certificates are to clearthrough an additional or alternative clearing system the appropriate information will be specified inthe applicable Final Terms.The address of Euroclear is Euroclear Bank SA/NV, 1 Boulevard du Roi Albert II, B-1210 Brussselsand the address of Clearstream, Luxembourg is Clearstream Banking, 42 Avenue JF Kennedy, L-1855 Luxembourg.Significant or Material ChangeThere has been no significant change in the financial or trading position of NIG and its subsidiariessince 31 March 2007 and there has been no material adverse change in the financial position orprospects of NIG and its subsidiaries since 31 December 2006.There has been no significant change in the financial or trading position of the Issuer and nomaterial adverse change in the financial position or prospects of the Issuer, in each case, since thedate of its incorporation.LitigationNone of the Issuer or NIG (including any of its subsidiaries) is or has been involved in anygovernmental, legal or arbitration proceedings (including any such proceedings which are pendingor threatened of which the Issuer or NIG is aware) in the 12 months preceding the date of thisdocument which may have or have in such period had a significant effect on the financial positionor profitability of the Issuer or NIG (including any of its subsidiaries).AuditorsThe auditors of NIG are Grant Thornton Anwar Al-Qatami and Co., certified accountants, who haveaudited NIG’s accounts, without qualification, in accordance with IFRS (as implemented in Kuwait)for each of the two financial years ended on 31 December 2006. The auditors of NIG have nomaterial interest in NIG.Dealers transacting with NIGCertain of the Dealers and their affiliates have engaged, and may in the future engage, ininvestment banking and/or commercial banking transactions with, and may perform services for,NIG (and its affiliates) in the ordinary course of business.101
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NIG Prospectus - London Stock Exchange

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