S.L. 575.1 Art. 9. Payments

(1) All payments including payment of interest and principal repayment related to Retail Savings Bonds shall be made:

(a) in Euro currency; and

(b) by electronic transfer through the SEPA (Single Euro Payments Area) payment scheme at the holder’s latest International Bank Account Number (IBAN) shown on the register.

(2) If the interest payment date falls on a day other than a business day, or a day when the Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET), owned and operated by the Eurosystem, is closed for business as may be published on European Central Bank’s website (www.ecb.europa.eu) the interest payment will be made on the immediately following business day without payment of additional interest.