ADECCO INTERNATIONAL FINANCIAL SERVICES B.V.

the opinion of the Trustee, is of a formal, minor or technical nature or to correct a manifest orproven error or to comply with mandatory provisions of law. Any such modification, waiver orauthorisation will be binding on the Noteholders and the Couponholders and, unless the Trusteeagrees otherwise, any such modification will be notified by the Issuer to the Noteholders as soonas practicable thereafter.(c) SubstitutionThe Trust Deed contains provisions permitting the Trustee to agree, without the consent of theNoteholders or the Couponholders, to the substitution at any time of any other non-SwissSubsidiary of the Guarantor in the place of the Issuer as the principal debtor under the Trust Deedand the Notes and Coupons. Such agreement shall be subject to the relevant provisions of theTrust Deed, including, where appropriate, the irrevocable and unconditional guarantee in respectof the Notes by the Guarantor.(d) Interests of Noteholders as a ClassIn connection with the exercise by it of any of its trusts, powers, authorities and discretions(including, without limitation, any modification, waiver, authorisation, determination or substitution),the Trustee shall have regard to the general interests of the Noteholders as a class but shall nothave regard to any interests arising from circumstances particular to individual Noteholders orCouponholders (whatever their number) and, in particular but without limitation, shall not haveregard to the consequences of any such exercise for individual Noteholders or Couponholders(whatever their number) resulting from their being for any purpose domiciled or resident in, orotherwise connected with, or subject to the jurisdiction of, any particular territory or any politicalsub-division thereof and the Trustee shall not be entitled to require, nor shall any Noteholder orCouponholder be entitled to claim, from the Issuer, the Guarantor, the Trustee or any other personany indemnification or payment in respect of any tax consequence of any such exercise uponindividual Noteholders or Couponholders except to the extent provided in Condition 6 and/or anyundertaking given in addition to, or in substitution for, Condition 6 pursuant to the Trust Deed.13. Replacement of Notes and CouponsIf any Note or Coupon is mutilated, defaced, destroyed, stolen or lost, it may be replaced at thespecified office of the Principal Paying Agent upon payment by the claimant of such costs as maybe incurred in connection therewith and on such terms as to evidence and indemnity as the Issuerand the Guarantor may reasonably require. Mutilated or defaced Notes or Coupons must besurrendered before replacements will be issued.14. NoticesAll notices to Noteholders shall be validly given if published in a leading English language dailynewspaper having general circulation in London (which is expected to be the Financial Times) orsuch other English language daily newspaper with general circulation in Europe as the Trusteemay approve. The Issuer shall also ensure that notices are duly published in a manner whichcomplies with the rules and regulations of any stock exchange or the relevant authority on whichthe Notes are for the time being listed. Any such notice shall be deemed to have been given onthe date of such publication or, if so published more than once or on different dates, on the date offirst publication in both newspapers. If publication as provided above is not practicable, notice willbe given in such other manner, and shall be deemed to have been given on such date, as theTrustee may approve. Couponholders shall be deemed for all purposes to have notice of thecontents of any notice given to the Noteholders in accordance with this Condition.26