The Notes are direct, unconditional, unsecured and unsubordinated debt obligations of the Company.

The Global Medium-Term note program of the Company was rated “AA-” by Standard & Poor’s Rating Services and Aa3 by Moody’s Investors Service, Inc. On November 29, 2011, S&P announced that it had lowered its issue credit rating on long-term debt of the Company from AA- to A+ pursuant to its revised bank rating criteria released on November 9, 2011. These Notes will not be specifically rated by these rating agencies.

Interest 

The Company will pay interest semi-annually during the term of the  Notes, calculated based on a 360 day year consisting of twelve 30 day months. The initial term of the Notes will end on August 28, 2012, the Initial Maturity Date. The Company may, at its option, on the Initial Maturity Date and on each semi-annual Extended Maturity Date thereafter on which the Notes are outstanding, extend the Maturity Date of the Notes to the next subsequent Extended Maturity Date or to the Final Maturity Date if applicable, at the interest rate below in respect of the relevant Extension Period.

REVIEW THE PRICING SUPPLEMENT FOR DETAILED TERMS OF THE NOTES.