116770 Project Obelix Pt1.qxp - Carlsberg Group

Form of Notes:Clearing Systems:Initial Delivery of Notes:Currencies:Maturities:Specified Denomination:The Notes may be issued in bearer form only (“Bearer Notes”), inbearer form exchangeable for Registered Notes (“ExchangeableBearer Notes”) or in registered form only (“Registered Notes”).Unless otherwise specified in the applicable Final Terms, eachTranche of Bearer Notes and Exchangeable Bearer Notes will berepresented on issue by a temporary Global Note if (i) definitiveNotes are to be made available to Noteholders following the expiryof 40 days after their issue date or (ii) such Notes have an initialmaturity of more than one year and are being issued in compliancewith the D Rules (as defined in “ – Selling Restrictions” below),otherwise such Tranche will be represented by a permanent GlobalNote. Registered Notes will be represented by Certificates, oneCertificate being issued in respect of each Noteholder’s entireholding of Registered Notes of one Series. Certificatesrepresenting Registered Notes that are registered in the name of anominee for one or more clearing systems are referred to as“Global Certificates”.Clearstream, Luxembourg, Euroclear and, in relation to anyTranche, such other clearing system as may be agreed between theIssuer, the Fiscal Agent and the relevant Dealer.On or before the issue date for each Tranche, if the relevant GlobalNote is an NGN, the Global Note will be delivered to a CommonSafekeeper for Euroclear and Clearstream, Luxembourg. On orbefore the issue date for each Tranche, if the relevant Global Noteis a CGN, the Global Note representing Bearer Notes orExchangeable Bearer Notes or the Certificate representingRegistered Notes may (or, in the case of Notes listed on the officiallist of the Luxembourg Stock Exchange, shall) be deposited with acommon depositary for Euroclear and Clearstream, Luxembourg.Global Notes or Certificates relating to Notes that are not listed onthe Luxembourg Stock Exchange may also be deposited with anyother clearing system or may be delivered outside any clearingsystem provided that the method of such delivery has been agreedin advance by the Issuer, the Fiscal Agent and the relevant Dealer.Registered Notes that are to be credited to one or more clearingsystems on issue will be registered in the name of nominees or acommon nominee for such clearing systems.Subject to compliance with all relevant laws, regulations anddirectives, Notes may be issued in any currency agreed betweenthe Issuer and the relevant Dealers.Subject to compliance with all relevant laws, regulations anddirectives, any permitted minimum or maximum maturity.Definitive Notes will be in such denominations as may bespecified in the relevant Final Terms save that (i) the minimumdenomination of each Note admitted to trading on a EuropeanEconomic Area exchange and/or offered to the public in an EEASNA13 - 4.5SNA12 - 4.1.5SNA13 - 4.9SNA12 - 4.1.1115