NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:18 pm – mac5 – 3776 Section 03 : 3776 Section 03Redemption of Trust Certificates:Denomination of Trust Certificates:Dissolution Events:Optional Dissolution:Withholding Tax:Trust Certificates shall be redeemed at the DissolutionAmount specified in the applicable Final Terms.The Trust Certificates will be issued in such denominations asmay be agreed between the Issuer, NIG and the relevantDealer save that the minimum denomination of each TrustCertificate will be such amount as may be allowed or requiredfrom time to time by the relevant central bank (or equivalentbody) or any laws or regulations applicable to the relevantSpecified Currency, see “Certain Restrictions” above, andsave that the minimum denomination of each Trust Certificateadmitted to trading on a regulated market within theEuropean Economic Area or offered to the public in aMember State of the European Economic Area incircumstances which require the publication of a prospectusunder the Prospectus Directive will be €50,000 (or, if the TrustCertificates are denominated in a currency other than euro,the equivalent amount in such currency).Upon the occurrence of any Dissolution Event, the TrustCertificates may be redeemed on the Dissolution Date at 100per cent. of their face amount and the relevant ReturnAccumulation Period may be adjusted accordingly. SeeCondition 14.If so specified in the applicable Final Terms, a Series of TrustCertificates may be dissolved prior to its Maturity Date in thecircumstances set out in Condition 11.2 and Condition 11.3.All payments by the Mudarib under the MudarabahAgreement shall be made without withholding or deductionfor, or on account of, any taxes, levies, imposts, duties, fees,assessments or governmental charges of whatever natureimposed or levied by or on behalf of any Relevant Jurisdiction.In the event that any such withholding or deduction is made,the Mudarib will be required to pay additional amounts sothat the Issuer will receive the full amounts that it would havereceived in the absence of such withholding or deduction.All payments in respect of Trust Certificates by the Issuershall be made without withholding or deduction for, or onaccount of, any taxes, levies, imposts, duties, fees,assessments or governmental charges of whatever natureimposed or levied by or on behalf of any Relevant Jurisdiction.In the event that any such withholding or deduction is made,the Issuer will, save in the limited circumstances provided inCondition 12, be required to pay additional amounts so thatthe holders of the Trust Certificates will receive the fullamounts that they would have received in the absence ofsuch withholding or deduction.Negative Pledge:Cross Default:The Purchase Undertaking contains a negative pledge givenby the Obligor. See “Summary of the Principal TransactionDocuments”.The Purchase Undertaking contains a cross default provisionin relation to the Obligor. See “Summary of the PrincipalTransaction Documents”.22