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116770 Project Obelix Pt1.qxp - Carlsberg Group

116770 Project Obelix Pt1.qxp - Carlsberg Group

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(ii)Other Notes: The Early Redemption Amount payable in respect of any Note (other than Notesdescribed in (i) above), upon redemption of such Note pursuant to Condition 6(c) or upon itbecoming due and payable as provided in Condition 10, shall be the Final Redemption Amountunless otherwise specified hereon.(c)(d)Redemption for Taxation Reasons: The Notes may be redeemed at the option of the Issuer in whole,but not in part, on any Interest Payment Date (if this Note is either a Floating Rate Note or an IndexLinked Note) or, at any time, (if this Note is neither a Floating Rate Note nor an Index Linked Note),on giving not less than 30 nor more than 60 days’ notice to the Noteholders (which notice shall beirrevocable), at their Early Redemption Amount (as described in Condition 6(b) above) (together withinterest accrued to the date fixed for redemption), if (i) the Issuer has or will become obliged to payadditional amounts as provided or referred to in Condition 8 as a result of any change in, or amendmentto, the laws or regulations of the Kingdom of Denmark or any political subdivision or any authoritythereof or therein having power to tax, or any change in the application or official interpretation of suchlaws or regulations, which change or amendment becomes effective on or after the date on whichagreement is reached to issue the first Tranche of the Notes, and (ii) such obligation cannot be avoidedby the Issuer taking reasonable measures available to it, provided that no such notice of redemption shallbe given earlier than 90 days prior to the earliest date on which the Issuer would be obliged to pay suchadditional amounts were a payment in respect of the Notes then due. Before the publication of anynotice of redemption pursuant to this paragraph, the Issuer shall deliver to the Fiscal Agent a certificatesigned by two authorised signatories of the Issuer stating that the Issuer is entitled to effect suchredemption and setting forth a statement of facts showing that the conditions precedent to the right ofthe Issuer so to redeem have occurred.Redemption at the Option of the Issuer: If Call Option is specified hereon, the Issuer may, on givingnot less than 15 nor more than 30 days’ irrevocable notice to the Noteholders (or such other noticeperiod as may be specified hereon) redeem, all or, if so provided, some, of the Notes on any OptionalRedemption Date. Any such redemption of Notes shall be at their Optional Redemption Amounttogether with interest accrued to the date fixed for redemption. Any such redemption or exercise mustrelate to Notes of a nominal amount at least equal to the Minimum Redemption Amount to be redeemedspecified hereon and no greater than the Maximum Redemption Amount to be redeemed specifiedhereon.All Notes in respect of which any such notice is given shall be redeemed on the date specified in suchnotice in accordance with this Condition.In the case of a partial redemption the notice to Noteholders shall also contain the certificate numbersof the Bearer Notes, or in the case of Registered Notes shall specify the nominal amount of RegisteredNotes drawn and the holder(s) of such Registered Notes, to be redeemed, which shall have been drawnin such place and in such manner as may be fair and reasonable in the circumstances, taking account ofprevailing market practices, subject to compliance with any applicable laws and stock exchange or otherrelevant authority requirements.(e)Redemption at the Option of Noteholders: If Put Option is specified hereon, the Issuer shall, at theoption of the holder of any such Note, upon the holder of such Note giving not less than 15 nor morethan 30 days’ notice to the Issuer (or such other notice period as may be specified hereon) redeem suchNote on the Optional Redemption Date(s) at its Optional Redemption Amount together with interestaccrued to the date fixed for redemption.32

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