S.L. 502.2 Art. 7Rateofinterestand dates of payment.

(1) Interest shall be paid at the floating rate linked to the six-month Euribor in effect on the applicable interest determination date, plus a spread of 45 basis points (bps) calculated on Day Count Fraction (Actual/360) for every Euro 100. The spread of 45bps is fixed and applicable until the maturity of the Stock.

(2) Interest shall be payable half yearly in arrears on the 23rd of May and 23rd of November in every year for the duration of the Stock.

(3) The first payment covering the period from the 23rd November, 2011 to the 22nd May, 2012 (both dates inclusive), shall be made on the 23rd day of May, 2012.