NIG Prospectus - London Stock Exchange

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Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 07 : 3776 Section 07EmployeesAs at 31 December 2006, NIG and its consolidated subsidiaries employed 1,815 full time staff inKuwait and 1,807 internationally.The following table sets out the number of employees in each Core Operating Business as at31 December 2006.Building Specialist Financial Oil andMaterials Engineering Petrochemicals Services Utilities Gas Services111112 111112 111112 111112 111112 111112Number ofEmployees.................. 1,733 1,310 8 64 14 49386
Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 08 : 3776 Section 08SUMMARY OF THE PRINCIPAL TRANSACTION DOCUMENTSThe following is a summary of certain provisions of the principal Transaction Documents and isqualified in its entirety by reference to the detailed provisions of the principal TransactionDocuments. Copies of the Transaction Documents will be available for inspection at the offices ofthe Principal Paying Agent (as defined in the Conditions).The Master Trust Deed, as supplemented by each Supplemental Trust DeedThe Master Trust Deed will be entered into on or around 13 August 2007 between NIG, the Issuer,the Trustee and the Delegate and will be governed by English law. A Supplemental Trust Deedbetween the same parties will be entered into on the Issue Date of each Series of TrustCertificates and will also be governed by English law.Upon issue of the Global Trust Certificate initially representing the Trust Certificates of any Series,the Master Trust Deed and the relevant Supplemental Trust Deed shall together constitute the Trustdeclared by the Trustee in relation to such Series.The Trust Assets in respect of each Series of Trust Certificates comprise (unless otherwisespecified in the relevant Supplemental Trust Deed), inter alia, the Issuer’s rights in, to and underthe Mudarabah Assets, its rights under the Transaction Documents and any amounts it may havedeposited in the relevant Transaction Account.The Master Trust Deed specifies that, on or after the relevant Maturity Date or, as the case maybe, Dissolution Date of a Series of Trust Certificates, the rights of recourse in respect of TrustCertificates shall be limited to the amounts from time to time available and comprising the relevantTrust Assets of that Series, subject to the priority of payments set out in the Master Trust Deed,the relevant Supplemental Trust Deed, the relevant Trust Certificates and the Conditions. TheCertificateholders have no claim or recourse against the Issuer or the Trustee in respect of anyamount which is or remains unsatisfied and any unsatisfied amounts will be extinguished.Pursuant to the Master Trust Deed, the Trustee and the Delegate will, in relation to each Series ofTrust Certificates, inter alia:(a)(b)(c)(d)(e)(f)in the case of the Trustee, hold the Trust Assets;in the case of the Delegate, enforce the Trust Assets including, insofar as it is able, takingall reasonably necessary steps to enforce each of the Purchase Undertaking, the MudarabahAgreement and any other relevant Transaction Document if NIG shall have at any time failedto perform its obligations under it;in the case of the Delegate, collect and invest the proceeds of the Trust Assets inaccordance with the terms of the Master Trust Deed and, if applicable, the terms of therelevant Supplemental Trust Deed;in the case of the Delegate, distribute the proceeds of any enforcement of the Trust Assets,as described in the Master Trust Deed;in the case of the Trustee, maintain proper books of account in respect of the relevant Trust;andin each case, take such other steps as are reasonably necessary to ensure that theCertificateholders of each Series receive the distributions to be made to them in accordancewith the Transaction Documents.In the Master Trust Deed the Delegate also undertakes that, inter alia:(a)it may or shall, upon being directed to do so by an Extraordinary Resolution or by the holdersof at least one-fifth of the aggregate face amount of the Trust Certificates then in issue87
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NIG Prospectus - London Stock Exchange

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