Document:

Contract relating to sale of St John's Road dated 27 May 2005

 Exhibit 10.2 
 TENDER 
 AND 
 PARTICULARS AND CONDITIONS 
 OF SALE 
 relating to Premises at 
 St. John’s Road and 
 Military Road 
 Dublin 8

  

			
	 Vendor:
	  	The Commissioners of Public Works in Ireland and Osprey Property Limited
		
	 Vendor’s Solicitors:
	  	 David J O’Hagan
 Chief State Solicitor
 Osmond House
 Little Ship Street
 Dublin 8
 Attention : Maria Browne

	 email:
	  	 maria_browne@csso.gov.ie

	 Telephone No:
	  	 01-417 6253

	 Facsimile No:
	  	 01-417 6299

		
	 and
	  	 Eamonn G. Hall

		  	 eircom Solicitor’s Office
 Leitrim House
 Upper Stephen’s Street
 Dublin 8
 Attention : Deirdre Fox

	 email:
	  	 foxd@eircom.ie

	 Telephone No:
	  	 00 353 1 701 3918

	 Facsimile No:
	  	 00 353 1 701 3933

		
	 Estate Agents:
	  	 Jones Lang LaSalle
 10/11 Molesworth Street
 Dublin 2
 FAO – Des Lennon

	 Telephone No:
	  	 00353-1-673 1617

	 Facsimile No:
	  	 00353-1-679 5147

 A&L Goodbody 
 Solicitors 

 IMPORTANT NOTES 
  

	A.	THIS ENTIRE DOCUMENT MUST BE RETURNED IN DUPLICATE WITH EACH TENDER. 

  

	B.	A BANK DRAFT FOR €2,500,000 PAYABLE TO DAVID J O’HAGAN, CHIEF STATE SOLICITOR AND EAMONN G HALL eircom SOLICITOR MUST BE SUBMITTED WITH THE
COMPLETED TENDER. 

  

	C.	WHERE THE PARTY MAKING THE TENDER CONSISTS OF MORE THAN ONE PERSON EACH PERSON MUST EXECUTE THE TENDER. 

  

	D.	CORPORATE ENTITIES MUST EXECUTE THE TENDER UNDER SEAL AND PROVIDE A CERTIFIED COPY CERTIFICATE OF INCORPORATION AND MEMORANDUM AND ARTICLES. 

  

	E.	THE PARTY SUBMITTING THE TENDER MUST ATTACH THE ORIGINAL LETTER FROM AN IRISH BANK REFERRED TO IN CLAUSE 8 OF THE TENDER PROVISIONS. THE SAID LETTER MUST SPECIFICALLY REFER TO
THE PARTY NAMED IN THE ATTACHED FORM OF TENDER.  

  

	F.	IN ADDITION TO THE INSERTION OF HIS ADDRESS BY THE PARTY SUBMITTING THE TENDER SUCH PARTY MUST ALSO INSERT IN THE FORM OF TENDER THE NAME, ADDRESS AND FAX NUMBER OF A PERSON OR
FIRM IN IRELAND WHO SHALL BE AUTHORISED TO ACCEPT DELIVERY OF THE VENDOR’S NOTICE OF ACCEPTANCE OF TENDER. 

  

	G.	WHERE THE PURCHASER IS A NON-IRISH PERSON OR COMPANY, THE NAME OF HIS IRISH SOLICITORS MUST BE INSERTED IN CLAUSE 17.5 OF THE TENDER PROVISIONS.

  

 2 

 FORM OF TENDER 
 Re: Premises at St. John’s Road and Military Road, Dublin 8 
 Full Name of
Party         RHATIGAN COMMERCIAL DEVELOPMENTS LTD 
 Making Tender: 
 Address in full of Tenderer: Wolfe Tone House, Fr. Griffin Rd., Galway. 
 Telephone Number    (091) 580 300 
 Fax
Number                (091) 580 888 
 Name of Solicitor for Tenderer:

 Address in Full of Solicitor: 
  

	1.	I/we RHATIGAN COMMERCIAL DEVELOPMENTS LTD 

	    	of WOLFE TONE HOUSE, FR. ERIFFIN RD., GALWAY. 

	    	having examined the several parts of this document annexed hereto hereby offer to buy from the Vendor, subject to the within terms and conditions, the property described in the
Particulars for the sum of Seventy nine million Two hundred and sixty three thousand euro (€ 79,263,000) on the terms and conditions contained in this document and 

  

	2.	I/we hereby nominate DECLAN CURRAN of MASON HAYES & CURRAN (whose fax number is 6145001 and email addresses dcurran@mhc.ie) as the person or firm in Ireland to whom the
Notice of Acceptance of this Tender may be delivered. 

  

	3.	I enclose bank draft for €2,500,000 payable to David J O’Hagan, Chief State Solicitor and Eamonn G. Hall eircom Solicitor. 

  

	4.	I agree that in the event of this offer being accepted in accordance with the Tender Provisions on or before the day named in the Tender Provisions for this purpose, I will pay the
balance of the deposit provided for in the Tender Provisions (of 10% of the amount tendered) within a period of five (5) Working Days of the date of Notice of Acceptance of my Tender and pay the balance of the purchase price and carry out and
complete the purchase in accordance with this Form of Tender and the several parts of this document. 

  

	5.	IT IS HEREBY AGREED that this offer remains open for acceptance by the Vendor until 5.00pm on the 14th day of June 2005 

  

	    	Dated this 26th day of MAY 2005.

 SIGNED by the said 
  

			
	 in the presence of:
	  	 N/A
  

		  	Signature

 or 
  

			
	 PRESENT when the Common
	  	
	 Seal of the said RHATIGAN COMMERCIAL DEVELOPMENTS LIMITED
	  	
	 was affixed hereto:-
	  	 /s/    PADRAIC RHATIGAN
  

		  	Director

  

			
	 Witness:             Declan Curran
	  	
	 Address of         6 Fitzwilliam Square
	  	
	 Witness:             Dublin 2
	  	
		  	 /s/    PAULA PHELAN
  

		  	Secretary
		  	 p.p. MHC Corporate Services Limited.

  

			
	Occupation of     Solicitor	  	
	 Witness:
	  	Secretary

  

 3 

 NOTICE OF ACCEPTANCE OF TENDER 
 The within Tender is hereby accepted by The Commissioners of Public Works in Ireland and Osprey Property Limited 
  

					
	 SIGNED for and on behalf
 of The Commissioners of Public Works
 in Ireland
 by (who is duly authorised in that
 behalf) in the presence of
	  	:	  	 /s/    DAVID BYERS
  

		  		  	Signature

  

			
	 Witness:
	  	 Mary Murphy

		
	 Address of
 Witness:
	  	 51 St Stephens Green,
 Dublin 2

		
	 Occupation of
 Witness:
	  	 Civil Servant

  

					
	 Dated this 27th day of May 2005
 SIGNED for and on behalf
 of Osprey Property Limited
 by Felix McKenna
 (having first been duly authorised in that
 behalf) in the presence
of
	  	 :
	  	 /s/    FELIX
MCKENNA
  

		  		  	Signature
		  		  	Managing Director
		  		  	Osprey Property Ltd.

  

			
	 Witness:
	  	 /s/    Deirdre Fox

		
	 Address of
 Witness:
	  	 Leitrim House, Upper Stephen’s St.,
 Dublin 8

		
	 Occupation of
 Witness:
	  	 Solicitor

  

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	1.	TENDER PROVISIONS 

  

	 	1.1.	The Law Society of Ireland’s General Conditions of Sale (2001) (Revised) Edition (herein referred to as the General Conditions) shall:- 

  

	 	1.1.1.	apply to the Sale in so far as same are not altered or varied by these provisions or by the Special Conditions (as hereinafter defined); 

  

	 	1.1.2.	be read and construed without regard to any amendment therein, unless such amendment shall be referred to specifically in this document. 

  

	 	1.2.	These Tender Provisions shall prevail in case of any conflict between them and the General Conditions. 

  

	 	1.3.	The General Conditions shall however be varied as follows:- 

  

	 	1.3.1.	the definitions contained in paragraph 1 shall be amended so that: 

  

	 	(1)	the Documents Schedule, the Searches Schedule and the Special Conditions shall mean the within mentioned Documents Schedule, Searches Schedule and Special
Conditions of Sale; 

  

	 	(2)	the Conditions mean both these Tender Provisions and the Special Conditions and also the General Conditions; 

  

	 	(3)	the Memorandum means the Form of Tender attached hereto and the Acceptance thereof; 

  

	 	(4)	the Particulars mean the within mentioned Particulars and Tenure; 

  

	 	(5)	The expression the Vendor shall mean The Commissioners of Public Works in Ireland of 51 St. Stephen’s Green, Dublin 2 (the First Vendor) and Osprey
Property Limited having its registered office at Leitrim House, Upper Stephen’s Street, Dublin 8 (the Second Vendor) and the expression the Purchaser shall mean the person or persons whose Form of Tender is accepted by the
Vendor. 

  

	 	(6)	A definition of deposit shall be added and same shall mean ten per centum (10%) of the Purchase Price. 

  

	 	    	but are otherwise hereby confirmed. 

  

	 	1.3.2.	The definitions contained in paragraph 2 shall be amended so that:- 

  

	 	(1)	Closing Date shall mean the 26th day of
July 2005; 

  

	 	(2)	Date of Sale means the date of the Notice of Acceptance hereinafter prescribed; 

  

	 	(3)	Stipulated Interest Rate shall be 11% per annum; 

  

	 	(4)	Purchase Price means the purchase price specified in the Form of Tender; 

  

	 	    	but are otherwise hereby confirmed. 

  

	2.	

  

	 	2.1.	These Tender Provisions together with the Particulars, the Documents Schedule, the Searches Schedule, the Special Conditions, the within Form of Tender, the Notice of Acceptance
thereof and the General Conditions shall be read and construed as one document. 

  

	 	2.2.	Save where the context otherwise requires or implies or the text hereof expresses to the contrary, the definitions and provisions as to interpretation set forth in any one part of
this document shall be applied for the purposes of all other parts of this document. 

  

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	3.	Every Tender by a Body Corporate shall be executed by having the Company’s seal affixed thereto in accordance with its Articles of Association and a certified copy of the
Certificate of Incorporation and Memorandum and Articles of Association of the body corporate entity, evidencing its entitlement to purchase property and its sealing requirement shall also be provided. Any Tender by a Partnership shall be signed by
one of the Partners for and on behalf of the Partnership and shall state the names of all Partners and any Tender by an individual or individuals shall be signed by that individual or those individuals and all forms of execution aforesaid shall be
witnessed. Any party signing “in trust” or “as agent” warrants that it has the necessary authority from its trustee or principal to sign this Tender on behalf of the trustee or principal. 

  

	4.	Every person who shall complete a Form of Tender shall incorporate therein an address in the City of Dublin, Ireland to which an acceptance of his Tender, a refund of his deposit or
Notices pursuant to the Conditions as the case may be forwarded. 

  

	5.	Any person or body desirous of tendering for the Subject Property shall send the Form of Tender hereto annexed duly completed and executed by hand or by registered post to The
Commissioners of Public Works in Ireland, 51 St Stephen’s Green, Dublin 2 (together with all other parts of this document including these provisions in duplicate in a sealed envelope marked on the front with the words Tender –
Westgate together with a bank draft for €2,500,000 (drawn on a branch office of one of the Irish Licensed Banks) in favour of David J O’Hagan, Chief State Solicitor and Eamonn G Hall, eircom Solicitor so as to reach
The Commissioners of Public Works in Ireland at the above address not later than twelve o’clock noon on Thursday, 26th May 2005.  

  

	6.	The Vendor shall procure that the said David J O’Hagan, Chief State Solicitor and Eamonn G Hall, eircom Solicitor shall hold all such bank drafts received by them
uncashed until the acceptance of a Tender. 

  

	7.	The Vendor shall not be obliged to consider any Tender which is not accompanied by the appropriate bank draft. 

  

	8.	Any person or body returning the within Tender shall furnish a letter from an Irish Licensed Bank addressed to the Vendor confirming that such person or body has sufficient funds to
complete the purchase. Before accepting any Tender the Vendor shall be entitled to request and obtain from any person who has submitted a Tender, evidence that such person has sufficient funds available to him to complete the purchase in the event
of his Tender being accepted. Any enquiry in this regard made by the Vendor shall not in any way be taken to commit the Vendor to accept any such Tender or any Tender. 

  

	9.	

  

	 	9.1.	Each Tender is to remain open for acceptance until such time as it has been withdrawn; 

  

	 	9.2.	A Tender may not be withdrawn until after 5pm on the 14th day of June 2005. If not accepted on or before that time it can thereafter be withdrawn by notification in writing to the Vendor’s solicitors;

  

	 	9.3.	A Tender will be deemed to have been accepted when a Notice of Acceptance has been made or delivered in accordance with clause 10.3 below. 

  

	10.	

  

	 	10.1.	Notice of Acceptance will be sent on or before 5pm on the 14th day of June 2005 to the party (if any) whose Tender is accepted which notice shall be sent to the address given in the said party’s Form of Tender or to the
person or firm nominated on the Form of Tender for receipt of delivery of the said Notice of Acceptance. Any error in such Notice of Acceptance or the delivery thereof shall not invalidate such Notice of Acceptance or the acceptance of any offer
which it purports to accept. 

  

	 	10.2.	Notice of Acceptance may be delivered by ordinary prepaid post, by registered post, by courier or by hand or by telefax or other means of visible electronic reproduction or by any
combination of the foregoing provided that there is written confirmation of any such delivery. 

  

	 	10.3.	Any notice shall be deemed to have been made or delivered 

  

	 	10.3.1.	in the case of delivery by hand or by courier or by telefax or other means of visible electronic reproduction at the time such document or communication has been dispatched

  

 6 

	 	10.3.2.	in the case of delivery by post at the time and on the date that the envelope containing the notice was put in the post. 

  

	11.	The acceptance of a Tender in the manner stated in clause 10 above shall create a valid and binding Contract on the Purchaser and on the Vendor and the person making the Tender
shall be bound to complete the purchase in accordance with the Conditions. 

  

	12.	Upon the Tender being accepted as aforesaid, the bank draft accompanying the tender shall become portion of the deposit and shall be cashed and held by the Vendor’s solicitors
as stakeholder. 

  

	13.	Within five Working Days of the date of the Notice of Acceptance of his Tender, the Purchaser shall deliver to Deirdre Fox, Solicitor at eircom Solicitor’s Office,
Leitrim House, Upper Stephen’s Street, Dublin 2, a bank draft (drawn on a branch office of one of the Irish Licensed Banks) payable to the Vendor’s solicitors, David J O’Hagan, Chief State Solicitor and Eamonn G Hall, eircom
Solicitor for such additional sum which, together with the sum of €2,500,000 furnished with the Tender and held by the Vendor’s solicitors shall equal 10% of the amount tendered and this shall represent the balance of the deposit and shall
also be cashed and held by the Vendor’s solicitors as stakeholders. Time shall be deemed to be of the essence with regard to the payment of the foregoing. In the event of failure by the Purchaser to pay in full the deposit General Condition 31
shall apply. 

  

	14.	

  

	 	14.1.	The Vendor shall be at liberty to accept a Tender in respect of the Subject Property but without any obligation to accept any Tender. 

  

	 	14.2.	The Vendor shall not be obliged to consider any Tender for the Subject Property which is directly or indirectly related to or dependent upon or referable to any other Tender for the
Subject Property. 

  

	 	14.3.	The Vendor does not undertake and is not bound to accept the highest or any Tender for the Subject Property. 

  

	 	14.4.	The Vendor shall disregard any tender which is not for a cash sum. 

  

	 	14.5.	The Vendor does not undertake to and is not bound to consider or accept a Tender expressed to be made “in trust” or “as agent” without disclosing the principal.

  

	 	14.6.	Any alterations made to the terms and conditions of the within Tender shall, at the option of the Vendor, render such Tender invalid. 

  

	 	14.7.	Any Tender which when submitted, is expressed to be subject to conditions shall be deemed invalid. 

  

	 	14.8.	The Vendor may disregard any Tender marked “subject to contract” or accompanied by a letter marked “subject to contract” or otherwise similarly qualified.

  

	 	14.9.	The Vendor may seek clarification or further information from any party submitting a tender or enter into negotiations and / or discussions with any party or parties.

  

	 	14.10.	The Vendor reserves the right to vary or amend or waive (on a temporary or permanent basis and in whole or in part) these Tender Provisions or the Special Conditions or any other
provision of this document. 

  

	 	14.11.	Neither the Vendor nor any of its advisers shall be obliged to answer any queries or questions or make available information which is not contained or otherwise referred to in this
document. 

  

	 	14.12.	The Vendor may extend any dates herein up to the date for acceptance of tenders or may discontinue the tender process at any time before acceptance of any tender.

  

	 	14.13.	A party making a tender shall not have any entitlement to have his tender considered and the Vendor shall not have any liability whatsoever in respect of any failure to open or
consider any tender. 

  

 7 

	 	14.14.	In no circumstances shall the Vendor be liable for any costs or expenses incurred by any party (whether or not such party submits a tender) in relation to the submission of a
tender, any due diligence work or otherwise whatsoever or incur any liability or obligation to any party as a result of the tender process or the submission of a tender save as expressly provided for herein. 

  

	15.	In the case of any Tender not accepted and or any Tender withdrawn in accordance with clause 9.2 above the bank draft applicable thereto shall be returned uncashed to the person
making such Tender by post to the address nominated in the Form of Tender for service of the Notice of Acceptance endorsed sans recours by the Vendor’s solicitor in favour of the person making the Tender only. 

  

	16.	The Purchaser agrees and accepts that no statement, measurement, quantity or description contained in any newspaper or advertisement or given orally or contained in any brochure,
letter or other documentation or information of any kind (including any explanatory information or memoranda) issued (or made available) by or on behalf of the Vendor or one of them (whether or not in the course of any representation or negotiations
leading to the Sale or the submission of a tender and whether or not issued by any of the Vendor’s property, planning, design or legal advisers) shall constitute a representation inducing the Purchaser to submit the Form of Tender and/or enter
into the Sale or any warranty or representation forming part of this Agreement or any other agreement or otherwise binding the Vendor (or either of them) and that any statement, description, quantity or measurement contained in any newspaper,
advertisement, brochure, letter or other documentation or information of any kind (including any explanatory information or memoranda) or given orally are for illustration purposes only and are not to be taken as matters of fact and that any
mistake, omission, discrepancy, inaccuracy, mis-statement, mis-description or incorrect measurement in any newspaper, advertisement, brochure, letter or other documentation or information of any kind (including any explanatory information or
memorandum or given orally (whether or not in the course of any representation or negotiations leading to the submission of the Form of Tender and/or to the Sale) shall not give rise to any cause of action, claim for compensation against the Vendor
or its servants, agents, contractors, solicitors, advisers or employees, or any right of rescission under this Agreement or any obligation, liability or commitment on the part of the Vendor (or either of them) (other than as expressly herein
contained) whether in relation to the Sale of the Subject Property or the tendering process or otherwise and it is further agreed that this document contains the entire terms and conditions of the agreement between the parties hereto and the
Vendor’s obligations in relation to the tendering process and no other terms, conditions or provisions shall be implied or deemed to exist. The Law Society’s General Condition 33 shall be read subject to this condition.

  

	17.	

  

	 	17.1.	This Agreement shall in all respects be governed by and interpreted in accordance with the laws of Ireland. 

  

	 	17.2.	For the benefit of the Vendor, the Purchaser hereby irrevocably agrees that the Courts of Ireland are to have jurisdiction to settle any disputes which may arise out of or in
connection with this document and that accordingly any suit, action or proceedings (together in this clause referred to as proceedings) arising out of or in connection with this document may be brought in such courts.

  

	 	17.3.	The Purchaser irrevocably waives any objection which it may now or hereafter have to the taking of any proceedings in any such court as is referred to in these provisions and any
claim that any such proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any proceedings brought in the Courts of Ireland shall be conclusive and binding upon the Purchaser and may be enforced in
the Courts of any other jurisdiction. 

  

	 	17.4.	Nothing contained in these provisions shall limit the right of the Vendor to take proceedings against the Purchaser in any other court of competent jurisdiction nor the taking of
proceedings in one or more jurisdictions, whether concurrently or not. 

  

	 	17.5.	The Purchaser hereby irrevocably appoints the firm of Mason Hayes & Curran Solicitors of the County/City of Dublin as his/their agent for the receipt of proceedings in
connection with this document. 

  

 8 

 PARTICULARS AND TENURE 
 ALL THAT AND THOSE the plot of ground situated at St. John’s Road West and Military Road in the Parish of St. James and District of South Central in the City of Dublin shown outlined in red on the attached
plan comprising part of the property in Folio 162386F County Dublin HELD in fee simple subject to :- 
  

	(a)	the easements, rights, privileges and covenants contained in the eircom Site Transfer (as defined in the Documents Schedule); 

  

	(b)	the easements, rights and privileges contained in the Minister for Finance Deed of Easements (as defined in the Documents Schedule); 

 and with the benefit of the easements, rights and privileges set out in the Fourth Schedule to the eircom Site Transfer. 
  

 9 

 DOCUMENTS SCHEDULE 
  

	1.	Certified copy Folio and Filed Plan 162386F County Dublin. 

  

	2.	Certified copy Deed of Transfer dated 12 April 2005 between The Commissioners of Public Works in Ireland of the first part, eircom Limited of the second part, The
Commissioners of Public Works in Ireland and eircom Limited of the third part (the eircom Site Transfer). 

  

	3.	Deed of Transfer dated 12 April 2005 between eircom Limited of the first part and Osprey Property Limited of the second part (the eircom to
Osprey Transfer). 

  

	4.	Certified copy Deed of Grant of Easements dated 28th day of April, 2005 between The Commissioners of Public Works in Ireland and Osprey Property Limited of the one part and the Minister for Finance of the other part (the Minister for Finance Deed of Easements).

  

	5.	Agreed form of Development Interface Agreement together with the maps, drawings, specifications and other documentation referred to therein between eircom Limited of the one
part and the Purchaser of the other part (the eircom Interface Agreement). 

  

	6.	Agreed form Deed of Grant of Temporary Easements and Covenants between eircom Limited of the one part and the Purchaser of the other part (the eircom
Deed of Temporary Easements and Covenant). 

  

	7.	Agreed form Deed of Grant of Temporary Easements and Covenant between the Purchaser of the one part and the Minister for Finance of the other part (the Minister for Finance Deed
of Grant of Temporary Easements and Covenant). 

  

	8.	Agreed form Step-In Agreement between the Minister for Finance of the one part and the Purchaser of the other part (the Minister for Finance Step-In Agreement).

  

	9.	Agreed form Heads of Agreement for Cultural Space at Westgate between the Purchaser of the one part and The Commissioners of Public Works in Ireland of the other part.

  

	10.	Memorandum provided by ARUP Consulting Engineers re ESB 38kv substation (dated 18 April 2005). 

  

	11.	Map indicating approximate proposed position of temporary ESB substation. 

  

	12.	Vodafone Licence dated 11 May 2001 between eircom plc and eircell 2000 plc and copy Notice of Termination dated 21 July 2004 from eircom Limited to Vodafone.

  

	13.	Asbestos Survey Report at St John’s Road dated 22 April 2003. 

  

	14.	

  

	 	14.1.	The planning documentation listed in the attached Schedule of Planning Documents; 

  

	 	14.2.	Copy Memorandum of Messrs Anthony Reddy & Associates, dated 28th April 2005, relating to Block 7A; 

  

	 	14.3.	Copy Notification of Decision to Grant Planning Permission, application number 1290/04, Decision Order number P5977 (in relation to the Heustongate Development to the east of
Military Road) and drawings numbered 0147\GEN\PA\003\B (dated October 2004) and 0147\GEN\PA\002\B (dated October 2004) prepared by Paul Keogh Architects; 

  

	 	    	(all herein referred to as the Planning Documents) 

  

	15.	Copy letter dated 4 April 2005 from the Revenue Commissioners to KPMG re Stamp Duty and Section 113(e) of the Stamp Duties Consolidation Act 1999 together with copy letter
dated 24 March 2005 from KPMG to the Stamps Branch of the Revenue Commissioners. 

  

	16.	Pro-forma Family Law Certificate of The Chief State Solicitor. 

  

	17.	Requisitions on Title with replies. 

  

 10 

 SEARCHES SCHEDULE 
 NONE 
  

 11 

 SCHEDULE OF PLANNING DOCUMENTS 
  

	A.	Planning Application Reference 2656/03 

  

	1.	Decision of Dublin City Council dated 18 February 2004; 

  

	2.	An Bord Pleanala Decision dated 16 September 2004; 

  

	3.	Drawings connected with Planning Application per attached schedules 3.1 (Series Planning) and 3.2 (Additional Information); 

  

	4.	Waste Management Strategy prepared by AWN Consulting Limited dated 8 April 2005; 

  

	5.	Construction and Demolition Waste Management Strategy prepared by AWN Consulting dated 8 April 2005; 

  

	6.	An Bord Pleanala Compliance Submission including :- 

  

	 	(a)	Covering letter dated 16 March 2005; 

  

	 	(b)	Drawings per attached Schedule 3.5 (ABP Compliance); and 

  

	 	(c)	Schedule of Areas. 

  

	7.	Environmental Impact Statement relating to :- 

  

	 	(a)	Original Planning Application; and 

  

	 	(b)	Additional Information. 

  

 12 

 

 
  

 13 
  

	
	 DRAWING REGISTER AND ISSUE RECORDJOB NO.JOB TITLEREV.B/F10-06-0301-155_1.05 Architect/Drawing List3.1
PLANNINGDevelopment Proposal for Site at St. John’sRoad West / Military Road - West13-06-0301-04-0515-04-05 DWG SERIES:3.1 Series PlanningPAGE 1 of 4 DRAWING NO.DRAWING TITLESCALESIZEREVISIONSSHEET NO.01 01-155 3.1-101Site Context
Plan1:1000A0üüü 01-155 3.1-102Existing Site Survey1:500A1üüüü                                   
      01-155 3.1-103Site Ground Floor Plan1:500A1üüü 01-155 3.1-103(1)Site Ground Floor Plan - North1:200A0üüü 01-155 3.1-103(2)Site Ground Floor Plan - South1:200A0üüü 01-155 3.1-104Site First Floor Plan1:500A1üüü 01-155 3.1-104(1)Site First Floor Plan – North1:200A0üüü 01-155 3.1-104(2)Site First Floor Plan – South1:200A0üüü 01-155 3.1-105Site Roof Plan1:500A1üüü 01-155 3.1-105(1)Site Roof Plan – North1:200A0üüü 01-155 3.1-105(2)Site Roof Plan – South1:200A0üüü 01-155 3.1-106Site Basement Plan1:500A1üüü 01-155 3.1-106(1)Site Basement Plan – North1:200A0üüü 01-155 3.1-106(2)Site Basement Plan – South1:200A0üüü 01-155 3.1-109Site Location Map1:1000A1üüüü 01-155 3.1-201Site Elevation 1 St.
Johns Road West Elevation1:5001:200A0 Lüüü 01-155 3.1-201(a)Site Elevation 1 St. Johns Road West Elevation(For information purposes
only)1:5001:200A0 Lüüüü 01-155 3.1-202Site Elevation E2 Site East Elevation1:5001:200A0 Lüüü 01-155 3.1-203Site Elevation 3 Site Wes t Elevation1:5001:200A0 Lüüü 01-155 3.1-204Site Elevation E4 Site South West Elevation1:5001:200A0üüü 01-155 3.1-205Existing RHK Boundary Wall
Elevations1:200A1üüüü 01-155 3.1-206Proposed RHK Boundary Wall Elevations1:200A1üüüü 01-155 3.1-301Site Section S11:5001:200A0 Lüüü 01-155 3.1-302Site Section S21:5001:200A0 Lüüü 01-155 3.1-303Site Section
S31:5001:200A0 Lüüü 01-155 3.1-304Site Section S41:5001:200A0 Lüüü 01-155 3.1-305Site Section S51:5001:200A0 Lüüü 01-155 3.1-306Site Section S61:5001:200A0 Lüüü 01-155 3.1-307Site Section S71:5001:200A0 Lüüü * A0 L denotes Long A0 sheet 01-155 3.1-401Site Plan Existing Buildings to be Demolished1:500A1üüüü 01-155 3.1-402Existing Building Garage1:100A1üüüü 01-155 3.1-403Existing
Buildings : Toilet Block, Canteen & Workshop, P.C.B.1:100A1üüüü 01-155 3.1-404Existing Building Store
11:100A1üüüü 01-155 3.1-405Existing Building Store 21:100A1üüüü 01-155 3.1-406Existing Building Offices Above Store 21:100A1üüüü 01-155 3.1-407Existing Building Store 31:100A1üüüü 01-155 3.1-408Existing Building Eircell Store1:100A1üüüü 01-155
3.1-409Existing Building Logistics Equipment1:100A1üüüü 01-155 3.1-410Existing Building Paint
Store1:100A1üüüü 01-155 3.1-411Existing Building Nissen Hut Store1:100A1üüüü

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORD JOB NO. JOB TITLE 01-155_1.05 Architect/Drawing List 3.1 PLANNING
Development Proposal for Site at St. John’s Road West / Military Road - West DWG SERIES: 3.1 Series Planning Page 2 of 4 REV.B/F 10-06-03 13-09-03 01-04-05 15-04-05     
                                             DRAWING NO. DRAWING
TITLE SCALE SIZE REVISIONS SHEET NO.  01 01-155 3.1-412 Existing Building Other Buildings 1:100 A1 ü ü ü ü 01-155 3.1-413 Existing Building Ancillary Buildings 1:100 A1 ü ü ü ü 01-155
3.1-1-101 Building 1 Ground Floor Plan 1:200 A1 ü ü ü 01-155 3.1-1-102 Building 1 First Floor Plan 1:200 A1 ü
ü ü ü 01-155 3.1-1-103 Building 1 Roof Plan 1:200 A1 ü ü ü ü 01-155 3.1-1-200 Building 1 North & South Elevations 1:200 A1 ü ü ü
01-155 3.1-1-201 Building 1 West Elevation & East Elevation 1:200 A1 ü ü ü 01-155 3.1-1-300 Building 1 Section
A-A & B-B 1:200 A1 ü ü ü 01-155 3.1_2-4_301 Buildings 2-4 Sections 1:200 A0 ü ü ü 01-155 3.1_2-4_201 Buildings 2-4 Elevations 1:200 A0 ü ü ü 01-155
3.1_2-4_101 Buildings 2-4 Ground & 1st Floor Plan 1:200 A0 ü ü ü 01-155 3.1_2-4_102 Buildings 2-4 Second & Third Floor Plan 1:200 A0
ü ü ü ü 01-155 3.1_2-4_103 Buildings 2-4 Fourth & Fifth Floor Plan 1:200 A0 ü ü ü ü 01-155 3.1_2-4_104 Buildings 2-4 Sixth & Seventh Floor Plan 1:200 A0
ü ü ü ü 01-155 3.1_2-4_105 Buildings 2-4 Eight & Ninth Floor Plan 1:200 A0 ü ü ü ü 01-155 3.1_2-4_106 Buildings 2-4 Roof Plan 1:200 A0 ü ü ü ü 01-155 3.1-5A5B-101 Buildings 5A & 5B Ground Floor Plan 1:200 A1 ü ü
ü 01-155 3.1-5A5B-102 Buildings 5A & 5B First Floor Plan 1:200 A1 ü ü ü 01-155 3.1-5A5B-103
Buildings 5A & 5B Second & Third Floor Plans 1:200 A1 ü ü ü 01-155 3.1-5A5B-104
Buildings 5A & 5B Fourth Floor Plan & Roof Plan 1:200 A1 ü ü ü 01-155 3.1-5A5B-201
Buildings 5A & 5B Elevations 1:200 A0 ü ü ü 01-155 3.1-5A5B-301 Buildings 5A & 5B Sections 1:200 A1 ü
ü ü 01-155 3.1-6-101 Building 6 Ground/First Floor Plan 1:200 A1 ü ü ü
01-155 3.1-6-102 Building 6 Second/Third Floor Plan 1:200 A1 ü ü ü 01-155 3.1-6-103 Building 6 Fourth/Fifth Floor Plan 1:200 A1 ü ü ü 01-155 3.1-6-104 Building 6 Sixth Floor/Roof Plan 1:200 A1 ü ü ü 01-155 3.1-6-201 Building 6 North Elevation & East Elevation 1:200 A1 ü ü ü 01-155 3.1-6-202 Building 6 South
Elevation & West Elevation 1:200 A1 ü ü ü 01-155 3.1-6-203 Building 6 South East Elevation 1:200 A1 ü
ü ü 01-155 3.1-6-301 Building 6 Section A-A/B-B 1:200 A1 ü ü ü 01-155
3.1-7A-101 Building 7A Ground Floor Plan 1:200 A1 ü ü ü 01-155 3.1-7A-102 Building 7A First & Second Floor Plan 1:200 A1 ü ü ü 01-155 3.1-7A-103 Building 7A Third & Fourth Floor Plan 1:200 A1 ü ü
ü 01-155 3.1-7A-104 Building 7A Fifth & Sixth Floor Plan 1:200 A1 ü ü ü 01-155 3.1-7A-105 Building 7A
Seventh & Eighth Floor Plan 1:200 A1 ü ü ü 01-155 3.1-7A-106 Building 7A Roof Plan 1:200 A1 ü ü ü 01-155 3.1-7A-201 Building 7A North & South Elevation 1:200 A1 ü ü ü
01-155 3.1-7A-202 Building 7A West & East Elevation 1:200 A1 ü ü ü

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORDJOB NO.JOB TITLEREV.B/F10-06-0301-155_1.05 Architect/Drawing List3.1
PLANNINGDevelopment Proposal for Site at St. John’sRoad West / Military Road - West13-06-0301-04-0515-04-05 DWG SERIES:3.1 Series PlanningPAGE 3 of 4 DRAWING
NO.DRAWING TITLESCALESIZEREVISIONSSHEET NO.  01 01-155 3.1-7A-301Building 7A Section A-A & B-B1:200A1üüüü                                   
      01-155 3.1-7B-101Building 7B Ground Floor Plan1:200A1üüü 01-155 3.1-7B-102Building 7B Mezzanine Floor
Plan1:200A1üüü 01-155 3.1-7B-103Building 7B First Floor Plan1:200A1üüü 01-155 3.1-7B-104Building 7B Second Floor Plan1:200A1üüü 01-155 3.1-7B-105Building 7B Third Floor
Plan1:200A1üüü 01-155 3.1-7B-106Building 7B Fourth Floor Plan1:200A1üüü 01-155 3.1-7B-107Building 7B Fifth Floor Plan1:200A1üüü 01-155
3.1-7B-108Building 7B Sixth Floor Plan1:200A1üüü 01-155 3.1-7B-109Building 7B Penthouse Floor Plan1:200A1üüü 01-155 3.1-7B-110Building 7B Roof Plan1:200A1üüü 01-155 3.1-7B-201Building 7B Elevations A, B, C & D1:200A1üüü 01-155 3.1-7B-301Building 7B Sections A-A,B-B,
C-C,D-D1:200A1üüü 01-155 3.1-8,10-101Buildings 8A, 8B, 10A-CGround Floor Plan1:200A1üüü 01-155 3.1-8,10-102Buildings 8A, 8B, 10A-CFirst & Second Floor Plan1:200A1üüü 01-155 3.1-8,10-103Buildings 8A, 8B, 10A-CThird & Fourth Floor Plan1:200A1üüü 01-155 3.1-8,10-104Buildings
8A, 8B, 10A-CFifth Floor Plan & Roof Plan1:200A1üüü 01-155 3.1-8,10-201Buildings 8A, 8B, 10A-CAll Elevations1:200A1üüü 01-155 3.1-8,9,10-301Buildings 8A, 9A, 9C & 10CSections A-A, B-B, C-C & D-D1:200A1üüü 01-155 3.1-9-101.1Building 9A-F Ground Floor Plan1:200A1üüü 01-155
3.1-9-101.2Building 9A-F Mezzanine Floor Plan1:200A1üüü 01-155 3.1-9-102Building 9A-F First Floor Plan1:200A1üüü 01-155 3.1-9-103Building 9A-F Second Floor Plan1:200A1üüü 01-155 3.1-9-104Building 9A-F Third Floor Plan1:200A1üüü 01-155 3.1-9-105Building 9A-F Fourth Floor
Plan1:200A1üüü 01-155 3.1-9-106Building 9A-F Fifth Floor Plan1:200A1üüü 01-155 3.1-9-107Building 9A-F Sixth Floor Plan1:200A1üüü 01-155
3.1-9-108Building 9A-F Roof Plan1:200A1üüü 01-155 3.1-9-201Building 9A-F Elevations1:200A1üüü 01-155 3.1-9-202Buildings 9A, 9E, 9F Elevations1:200A1üüü

 

 
  

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	 DISTRIBUTION NUMBER OF COPIES/MEDIA TYPE Client eircom - Felix McKenna      1 c.o tpa
                                                 
eircom - Noel Tobin OPW - David Byers / Kevin Connolly 1 c.o tpa OPW - Angela Rolfe Property Consultant William K Nowlan & Assoc – Bill Nowlan Quantity Surveyor Bruceshaw Partnership - Michael Scollard Structural Engineer Arup - Fergus
Monaghan / John Flaherty Planning Consultant Tom R. Philips 1 Architect Historic Buildings Consultant David Slattery Archeologist Archaeological Project Ltd Shadow Consultant Prof. Dermot O’Connell Soils & Hydrology Consultant URS
Dames & Moore – Paul Heaney Noise Air Flora Fauna Air Water Noise (AWN) – Dr Fergal Callaghan Military Road Site Architect Paul Keogh Project Supervisor (Design Stage) McBains Cooper – Kieran McGovern Photomontage/Models
Modelworks Planning Authority Dublin City Council 6 Jones Lang LaSalle Emma Leonard ü A3/ CD ISSUED BY: ara ara LN LN PURPOSE: I=Information, P=Planning, B=Building Regulations, T=Tender, C=Construction P P I I
NOTES: Media Types: P=Paper, E=Email, C=CD Rom, D=Floppy Disk

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORDJOB NO.JOB TITLEREV. B/F10-12-0301-155_1.05 Architect/Drawing List3.2
Planning Additional InformationDevelopment Proposal for Site at St. John’sRoad West / Military Road - West23-12-0305-01-0430-01-0431-03-0401-04-0515-04-05 DWG SERIES:3.2 Additional InformationPAGE 1 of 4
DRAWING NO.DRAWING TITLESCALESIZEREVISIONSSHEET NO. 01 01-155 3.2-100Site Masterplan Presentation1:500A0üüüüü             01-155 3.2-101Site Context Plan1:1000A0üüüüü 01-155 3.2-103Site Ground Floor Plan1:500A1üüüüüü 01-155 3.2-103(1)Site Ground Floor Plan - North1:200A0üüüüü 01-155 3.2-103(2)Site Ground Floor Plan - South1:200A0üüüüü 01-155 3.2-104Site First Floor Plan1:500A1üüüüüü 01-155 3.2-104(1)Site First Floor Plan
- North1:200A0üüüüü 01-155 3.2-104(2)Site First Floor Plan -
South1:200A0üüüüü 01-155 3.2-105Site Roof Plan1:500A1üüüüü 01-155 3.2-105(1)Site Roof Plan - North1:200A0üüüüü 01-155 3.2-105(2)Site Roof Plan - South1:200A0üüüüü 01-155 3.2-106Site Basement Plan1:500A1üüüüüü 01-155 3.2-106(1)Site Basement Plan -
North1:200A0üüüüü 01-155 3.2-106(2)Site Basement Plan - South1:200A0üüüüü 01-155 3.2-108Site Layout Plan1:500A1üüüüü 01-155 3.2-110Site Plan Masterplan1:500A0üüüüü 01-155 3.2-112Open Space Layout Plan1:1000A1üüüüü 01-155 3.2-201Site Elevation 1 St. Johns Road West Elevation1:5001:200A0
Lüüüüü 01-155 3.2-202Site Elevation E2 Site East Elevation1:5001:200A0
Lüüüüü 01-155 3.2-203Site Elevation 3 Site West Elevation1:5001:200A0
Lüüüüü 01-155 3.2-204Site Elevation E4 Site South West
Elevation1:5001:200A0üüüüü 01-155 3.2-301Site Section S11:5001:200A0
Lüüüüü 01-155 3.2-302Site Section S21:5001:200A0 Lüüüüü 01-155 3.2-303Site Section S31:5001:200A0 Lüüüüü 01-155 3.2-304Site Section S41:5001:200A0 Lüüüüü 01-155 3.2-305Site Section S51:5001:200A0 Lüüüüü 01-155 3.2-306Site Section S61:5001:200A0 Lüüüüü 01-155 3.2-307Site Section S71:5001:200A0 Lüüüüü
* A0 L denotes Long A0 sheet

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORDJOB NO.JOB TITLE01-155_1.05 Architect/Drawing List3.2 Planning
Additional InformationDevelopment Proposal for Site at St. John’sRoad West / Military Road - West DWG SERIES:3.2 Additional InformationPage 2 of
4REV.B/F10-12-0323-12-0305-01-0430-01-0431-03-0401-04-0515-04-05                            
DRAWING NO.DRAWING TITLESCALESIZEREVISIONSSHEET NO.  01 01-155 3.2-1-101Building 1 Ground Floor Plan1:200A1üüüüü 01-155 3.2-1-200Building 1 North & South Elevations1:200A1üüüüü 01-155 3.2-1-201Building 1 West Elevation & East Elevation1:200A1üüüüü 01-155 3.2-1-300Building 1 Section A-A & B-B1:200A1üüüüü 01-155 3.2_2-4_301Buildings 2-4 Sections1:200A0üüüüüü 01-155 3.2_2-4_201Buildings 2-4 Elevations1:200A0üüüüüü 01-155 3.2_2-4_101Buildings 2-4
Ground & 1st Floor Plan1:200A0üüüüüü 01-155 3.2-5A5B-101Buildings 5A & 5B Ground Floor Plan1:200A1üüüüü 01-155 3.2-5A5B-102Buildings 5A & 5B First Floor Plan1:200A1üüüüü 01-155 3.2-5A5B-103Buildings 5A & 5B Second & Third Floor Plans1:200A1üüüüü 01-155 3.2-5A5B-104Buildings 5A & 5B Fourth Floor Plan & Roof Plan1:200A1üüüüü 01-155 3.2-5A5B-201Buildings 5A & 5B Elevations1:200A0üüüüü 01-155 3.2-5A5B-301Buildings 5A & 5B Sections1:200A1üüüüü 01-155 3.2-6-101Building 6 Ground / First Floor Plan1:200A1üüüüü 01-155 3.2-6-102Building 6 Second / Third Floor Plan1:200A1üüüüü 01-155 3.2-6-103Building 6 Fourth / Fifth Floor Plan1:200A1üüüüü 01-155 3.2-6-104Building 6 Sixth Floor/Roof Plan1:200A1üüüüü 01-155 3.2-6-201Building 6 North Elevation & West Elevation1:200A1üüüüü 01-155 3.2-6-202Building 6 South East Elevation1:200A1üüüüü 01-155 3.2-6-301Building 6 Section A-A/B-B1:200A1üüüüü 01-155 3.2-7A-101Building 7A Ground Floor Plan1:200A1üüüüü 01-155 3.2-7A-102Building 7A First & Second Floor
Plan1:200A1üüüüü 01-155 3.2-7A-103Building 7A Third & Fourth
Floor Plan1:200A1üüüüü 01-155 3.2-7A-104Building 7A Fifth & Sixth
Floor Plan1:200A1üüüüü 01-155 3.2-7A-105Building 7A Seventh
& Eighth Floor Plan1:200A1üüüüü 01-155 3.2-7A-106Building 7A
Ninth & Tenth Floor Plan1:200A1üüüüü 01-155 3.2-7A-107Building 7A
Mezzanine Floor Plan1:200A1üüüüü 01-155 3.2-7A-108Building 7A Roof
Plan1:200A1üüüüü 01-155 3.2-7A-200Building 7A West & East
Elevation1:200A1üüüüü 01-155 3.2-7A-201Building 7A North & South
Elevation1:200A1üüüüü 01-155 3.2-7A-301Building 7A Section A-A &
B-B1:200A1üüüüü

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORDJOB NO.JOB TITLE01-155_1.05 Architect/Drawing List3.2 Planning Additional
InformationDevelopment Proposal for Site at St. John’sRoad West / Military Road - West                         DWG
SERIES:3.2 Additional InformationPAGE 3 of 4REV.B/F10-12-0323-12-0305-01-0430-03-0431-03-0401-04-0515-04-05 DRAWING NO.DRAWING TITLESCALESIZEREVISIONSSHEET NO. 01 01-155 3.2-7B-101Building 7B Ground Floor Plan1:200A1üüüüü 01-155 3.2-7B-102Building 7B Mezzanine Floor Plan1:200A1üüüüü 01-155 3.2-7B-103Building 7B First Floor Plan1:200A1üüüüü 01-155 3.2-7B-104Building 7B Second Floor Plan1:200A1üüüüü 01-155 3.2-7B-105Building 7B Third Floor Plan1:200A1üüüüü 01-155 3.2-7B-106Building 7B Fourth Floor Plan1:200A1üüüüü 01-155 3.2-7B-107Building 7B Fifth Floor Plan1:200A1üüüüü 01-155 3.2-7B-108Building 7B Sixth Floor Plan1:200A1üüüüü 01-155 3.2-7B-109Building 7B Penthouse Floor Plan1:200A1üüüüü 01-155 3.2-7B-110Building 7B Roof Plan1:200A1üüüüü 01-155 3.2-7B-201Building 7B Elevations A, B, C & D1:200A1üüüüü 01-155 3.2 -7B-301Building 7B Sections A-A, B-B, C-C,
D-D1:200A1üüüüü 01-155 3.2-8,10-101Buildings 8A, 8B, 10A-CGround
Floor Plan1:200A1üüüüü 01-155 3.2-8,10-102Buildings 8A, 8B, 10A-CFirst
& Second Floor Plan1:200A1üüüüü 01-155 3.2-8,10-103Buildings 8A, 8B,
10A-CThird & Fourth Floor Plan1:200A1üüüüü 01-155
3.2-8,10-104Buildings 8A, 8B, 10A-CFifth Floor Plan & Roof Plan1:200A1üüüüü 01-155 3.2-8,10-201Buildings 8A, 8B, 10A-CElevations1:200A1üüüüü 01-155 3.2-8,10-202Buildings 8A, 8B, 10A-CElevations1:200A1üüüüü 01-155 3.2-8,9,10-301Buildings 8A, 9A, 9C & 10CSections A-A, B-B, C-C & D-D1:200A1üüüüü 01-155 3.2-9-101.1Building 9A-F Ground Floor Plan1:200A1üüüüü 01-155 3.2-9-101.2Building 9A-F Mezzanine Floor Plan1:200A1üüüüü 01-155 3.2-9-102Building 9A-F First Floor Plan1:200A1üüüüü 01-155 3.2-9-103Building 9A-F Second Floor Plan1:200A1üüüüü 01-155 3.2-9-104Building 9A-F Third Floor Plan1:200A1üüüüü 01-155 3.2-9-105Building 9A-F Fourth Floor Plan1:200A1üüüüü 01-155 3.2-9-106Building 9A-F Fifth Floor Plan1:200A1üüüüü 01-155 3.2-9-107Building 9A-F Sixth Floor Plan1:200A1üüüüü 01-155 3.2-9-108Building 9A-F Roof Plan1:200A1üüüüü 01-155 3.2-9-201Building 9A-F Elevations1:200A1üüüüü 01-155 3.2-9-202Buildings 9A, 9E, 9F Elevations1:200A1üüüüü 01-155 3.2-11-101Buildings 11 Plans, section, elevations.1:50A1üüüüü

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORD JOB NO. JOB TITLE 01-155_1.05 Architect/Drawing List 3.2 Planning Additional
Information Development Proposal for Site at St. John’s Road West / Military Road - West DWG SERIES:
3.2 Series Additional Information                PAGE 4 of 4 REV.B/F 10-12-03 23-12-03 05-01-04 30-01-0 31-03-04 01-04-05 15-04-05
                                   DISTRIBUTION NUMBER OF COPIES/MEDIA TYPE Client eircom - Felix McKenna 1 1
eircom - Noel Tobin 1 OPW - David Byers / Kevin Connolly 1 1 OPW - Angela Rolfe Property Consultant William K Nowlan & Assoc – Bill Nowlan Quantity Surveyor Bruceshaw Partnership - Michael Scollard Structural
Engineer Arup - Fergus Monaghan / John Flaherty Planning Consultant Tom R. Philips 1 1 1 Architect Historic Buildings Consultant David Slattery Archeologist Archaeological Project Ltd Shadow Consultant Prof. Dermot O’Connell
Soils & Hydrology Consultant URS Dames & Moore – Paul Heaney Noise Air Flora Fauna Air Water Noise (AWN) – Dr Fergal Callaghan Military Road Site Architect Paul Keogh VRMA - Jim Rogers Project Supervisor (Design
Stage) McBains Cooper – Kieran McGovern Photomontage/Models Modelworks Frank Montgomery Modelmakers Planning Authority Dublin City Council 6 Roughan & O’Donovan Seamus Mac Gerailt Landscape Consultant Tiros – Fran Vernon Fire
Consultant Michael Slattery Associates Gehl Architects Jones Lang LaSalle Emma Leonard ü A3/ CD ISSUED BY: ara er ara ara rw LN LN PURPOSE: I=Information, P=Planning, B=Building Regulations, T=Tender,
C=Construction P I I P P I I NOTES: Media Types: P=Paper, E=Email, C=CD Rom, D=Floppy Disk

 

 
  

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	 DRAWING REGISTER AND ISSUE RECORDJOB NO.JOB TITLE01-155_1.05 Architect/Drawing List3.5 ABP COMPLIANCEDevelopment
Proposal for Site at St. John’sRoad West / Military Road - West DWG SERIES:3.5 ABP COMPLIANCEPAGE 1 of
2REV.B/F18/01/0527/01/0502/03/0514/03/0522/03/0524/03/0501/04/0511/04/0515/04/05                     DRAWING NO.DRAWING
TITLESCALESIZEREVISIONSSHEET NO. 01 01-155 3.5-001Site Location Plan1:1000A1üABBBBBB 01-155 3.5-002Site Basement Plan1:500A1üABBBBBBB 01-155 3.5-002_NSite Basement Plan
(North)1:200A0üA-BBBBB 01-155 3.5-002_SSite Basement Plan (South)1:200A0üA-BBBBB 01-155 3.5-003.0.1Site Ground Floor Plan(ABP Compliance)1:500A1üABBBBBBB 01-155 3.5-003.0.1_NSite Ground Floor Plan(ABP Compliance)(North)1:200A0üA-BBBBB 01-155 3.5-003.0.1_SSite Ground Floor Plan(ABP Compliance)(South)1:200A0üA-BBBBB 01-155 3.5-003.0.2Site Ground Floor Plan(Phase 1) Option A.1:500A1üABBBBBB 01-155 3.5-003.0.3Site Ground Floor Plan(Phase 1) Option B.1:500A1üABBBBBB 01-155 3.5-003.2.0Site Ground Floor Plan with 7A1:500A1üABBBBBB 01-155 3.5-003_L01.00Site Roof Level Plan1:500A1üABBBBBBB
01-155 3.5-003_L01.00_NSite Roof Level Plan (North)1:200A0üA-BBBBB 01-155 3.5-003_L01.00_SSite Roof Level Plan (South)1:200A0üA-BBBBB 01-155 3.5-003_L01.02Site Roof Level
Plan7A1:500A1üABBBBBB 01-155 3.5-003_L01.03Site 1st Floor Plan1:500A1üABBBBBB 01-155 3.5-003_L01.03_NSite 1st Floor Plan(North)1:200A0üA-BBBBB
01-155 3.5-003_L01.03_SSite 1st Floor Plan(South)1:200A0üA-BBBBB 01-155 3.5-005Site Setting Out Plan1:500A1üABBBBBB 01-155 3.5_3-4_100Buildings 3-4 Basement Floor Plan1:200A1üüAAAAAA 01-155 3.5_3-4_101Buildings 3-4 GroundFloor Plan1:200A1üüAAAAAA 01-155 3.5_3-4_102Buildings 3-4 FirstFloor
Plan1:200A1üüAAAAAA 01-155 3.5_3-4_103Buildings 3-4 Second to Fifth Floor Plan1:200A1üüAAAAAA 01-155
3.5_3-4_104Buildings 3-4 Sixth Floor Plan1:200A1üüAAAAAA 01-155 3.5_3-4_105Buildings 3-4 Seventh Floor Plan1:200A1üüAAAAAA 01-155 3.5_3-4_106Buildings 3-4 Eight Floor Plan1:200A1üüAAAAAA 01-155 3.5_3-4_107Buildings 3-4 Roof Plan1:200A1üüAAAAAA 01-155 3.5_3-4_108.1ASite Phasing PlanPhase 1A1:1000A3üüAAAAAA 01-155 3.5_3-4_108.1BSite Phasing PlanPhase
1B1:1000A3üüAAAAAA 01-155 3.5_3-4_108.2Site Phasing Plan Phase 21:1000A3üüAAAAAA 01-155 3.5_3-4_108.3Site
Phasing Plan Phase 31:1000A3üüAAAAAA 01-155 3.5_3-4_108.4Site Phasing Plan Phase 41:1000A3üüAAAAAA 01-155
3.5_3-4_109Site Drainage & Watermain Plan(See Arup’s)1:500A1ü 01-155 3.5_3-4_200Buildings 3-4 North Elevation1:200A1üüAAAAAA 01-155
3.5_3-4_201Buildings 3-4 South Elevation1:200A1üüAAAAAA 01-155 3.5_3-4_202Buildings 3-4 East & WestElevations1:200A1üüAAAAAA 01-155 3.5_3-4_300Buildings 3-4 Section A-A1:200A1üüAAAAAA

 

 
  

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	 DWG SERIES:3.5 Series PlanningPage 2 of
2REV.B/F18/01/0527/01/0502/03/0514/03/0522/03/0524/03/0501/04/0511/04/0515/04/05 DRAWING NO.DRAWING TITLESCALESIZEREVISIONSSHEET NO. 02 01-155 3.5-8,10-101Buildings 8A, 8B, 10A-CGround Floor Plan1:200A1üüAAAAAA     01-155 3.5-8,10-102Buildings 8A, 8B, 10A-CFirst & Second Floor Plan1:200A1üüAAAAAA 01-155 3.5-8,10-103Buildings 8A, 8B, 10A-CThird & Fourth Floor Plan1:200A1üüAAAAAA 01-155 3.5-8,10-104Buildings 8A, 8B, 10A-CFifth Floor
Plan & Roof Plan1:200A1üüAAAAAA 01-155 3.5-8,10-201Buildings 8A, 8B, 10A-CAll Elevations1:200A1üüAAAAAA
01-155 3.5-8,10-202Buildings 8A, 8B, 10A-CElevations1:200A1üüAAAAAA 01-155 3.5-8,9,10-301Buildings 8A, 9A, 9C & 10CSections A-A, B-B, C-C & D-D1:200A1üüAAAAAA 01-155 3.5-9-101.1Building 9A-E Ground Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-101.2Building 9A Mezzanine
Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-102Building 9A-E First Floor Plan1:200A1üüAAAAAA 01-155
3.5-9-103Building 9A-E Second Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-104Building 9A-E Third Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-105Building 9A-E Fourth Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-106Building 9A-E Fifth Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-107Building 9A-E Sixth Floor Plan1:200A1üüAAAAAA 01-155 3.5-9-108Building 9A-E Roof
Plan1:200A1üüAAAAAA 01-155 3.5-9-201Building 9A-E Elevations1:200A1üüAAAAAAA 01-155 3.5-9-202Buildings 9A, 9E
Elevations1:200A1üüAAAAAA DISTRIBUTIONNUMBER OF COPIES/MEDIA TYPE Clienteircom - Felix McKenna1P1P eircom - Noel Tobin OPW - David Byers / Kevin Connolly OPW - Angela Rolfe
Property ConsultantWilliam K Nowlan & Assoc – Bill Nowlan Quantity SurveyorBruceshaw Partnership - Michael Scollard Structural EngineerArup - Fergus Monaghan / John Flaherty Planning ConsultantTom R. Philips1P1P10P Architect Historic
Buildings ConsultantDavid Slattery ArcheologistArchaeological Project Ltd Shadow ConsultantProf. Dermot O’Connell Soils & Hydrology ConsultantURS Dames & Moore – Paul Heaney Noise Air Flora FaunaAir Water Noise (AWN)
– Dr Fergal Callaghan Military Road Site ArchitectPaul Keogh VRMA - Jim Rogers Project Supervisor (Design Stage)McBains Cooper – Kieran McGovern Photomontage/ModelsModelworks Planning AuthorityDublin City Council Property SalesJLL - Des
Lennon1P1P1P1PA3/CD Roughan & O’DonovanSeamus Mac Gerailt ARABrian O’Neill1P1P1P ARAFile1P1P1P1P1P ISSUED BY:GSGSGSGSdkGSLNLNLN PURPOSE: I=Information, P=Planning, B=Building Regulations, T=Tender, C=ConstructionIIIPIIIII NOTES:
Media Types: P=Paper, E=Email, C=CD Rom, D=Floppy Disk

	B.	Planning Application Reference 2218/05 

  

	1.	Copy letter of Tom Phillips & Associates (including planning application) together with drawings prepared by Anthony Reddy Associates as listed in the Schedules below;

  

	2.	Copy letter from Tom Phillips Associates to eircom dated 28 April 2005. 

  

									
	 REFERENCE / LEGEND /
 DESCRIPTION
	  	 JOB
 NUMBER
	  	 DRAWING
 NUMBER
	  	REVISION	  	 PREPARED
 BY /
 DATE

	Cover Letter re Amendment to mixed use scheme (Reg Ref: 2656/03)	  		  		  		  	 Tom Philips & Assoc
 Planning
Consultants.
 April 2005

					
	 Amendment to Buildings Nos. 2,3 and 4, St. Johns Road West/Military Road West – 
 Site Ground Floor Plan
	  	04-129	  	3.10_103	  	B	  	 Anthony Reddy Assoc
 Architects
 March 2005

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 Site First Floor Plan 
	  	04-129	  	3.10_104	  	B	  	 Anthony Reddy Assoc
 Architects
 March 2005

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 Site Roof Plan
  
 March 2005
	  	04-129	  	3.10_105	  	B	  	ects
					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 Basement Floor Plan
  
 March 2005
	  	04-129	  	3.1_2+3/4_101	  	D	  	 Anthony Reddy Assoc
 Architects

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 Ground & First Floor Plans
  
 March 2005
	  	04-129	  	3.1_2+3/4_101	  	D	  	 Anthony Reddy Assoc
 Architects

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 2nd & 3rd Floor Plan
  
 March 2005
	  	04-129	  	3.1_2+3/4_102	  	D	  	 Anthony Reddy Assoc
 Architects

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 4th & 5th Floor Plan
  
 March 2005
	  	04-129	  	3.1_2+3/4_103	  	D	  	 Anthony Reddy Assoc
 Architects

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 6th & 7th Floor Plan
  
 March 2005
	  	04-129	  	3.1_2-4_104	  	D	  	 Anthony Reddy Assoc
 Architects

  

 23 

									
	 REFERENCE / LEGEND /
 DESCRIPTION
	  	 JOB
 NUMBER
	  	 DRAWING
 NUMBER
	  	REVISION	  	 PREPARED BY /
 DATE

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 8th Floor & Roof
Plan
  
 March
2005
	  	04-129	  	3.1_2+3/4_105	  	D	  	 Anthony Reddy Assoc
 Architects

					
	 Amendment to Buildings Nos 2, 3 and 4, St. Johns Road West / Military Road West – 
 Site Elevation E1
  
 March 2005
	  	04-129	  	3.1_201	  	B	  	 Anthony Reddy Assoc
 Architects

					
	 Amendment to Buildings Nos 2,3 and 4, St. Johns Road West / Military Road West – 
 General arrangement Basement Carpark & Plant
  
 March 2005
	  	D3235	  	S1000	  	P18	  	 Arup
 09/03/05

  

 24 

 SPECIAL CONDITIONS 
  

	1.	Save where the context otherwise requires or implies or the text hereof expresses to the contrary, the definitions and provisions as to interpretation set forth in the within
General Conditions shall be applied for the purposes of these Special Conditions. 

  

	2.	The said General Conditions shall :- 

  

	 	2.1.	apply to the sale in so far as the same are not hereby altered or varied, and these Special Conditions shall prevail in case of any conflict between them and the General Conditions

  

	 	2.2.	be read and construed without regard to any amendment therein, unless such amendment shall be referred to specifically in these Special Conditions. 

  

	3.	VAT 

  

	 	(a)	In this Special Condition: 

  

	 	    	“VAT” means Value Added Tax 

  

	 	    	“VAT Act” means the Value Added Tax Act, 1972 (as amended) and related VAT regulations 

  

	 	    	“Interest” has the meaning attributed to an “interest” in Section 4(1)(b) of the VAT Act 

  

	 	    	“Economic Value” has the meaning attributed to that term in Section 4(3A)(d) of the VAT Act; and 

  

	 	    	“Assignment”, “Surrender” and “Immovable Goods” have the meanings attributed to those terms by Section 1 of the VAT Act. 

 

	 	(b)	Subject as may be provided in any other sub-clause of this Condition 3, the Purchaser shall pay to the Vendor the amount of any VAT as shall be exigible in relation to the Sale,
same to be calculated in accordance with the provisions of the VAT Act and the Purchaser shall pay this amount to the Vendor on the later of the completion of the Sale or where an invoice is required to be issued by the Vendor in accordance with the
provisions of the VAT Act on delivery of such invoice to the Purchaser. 

  

	 	(c)	In the case where the Sale is by way of Assignment or Surrender of an interest in Immovable Goods and the Purchaser is a person referred to in one or more of (a), (b) or
(c) of Section 4(8) of the VAT Act, which status the Purchaser hereby warrants to the Vendor, the provisions of Special Condition 3(b) shall not apply and the following provisions of this Special Condition 3(c) shall apply :-

  

	 	(i)	The Purchaser shall account for any VAT arising in relation to the Assignment or Surrender to the Revenue Commissioners in accordance with Section 4(8) of the VAT Act. The
Purchaser shall indemnify and keep indemnified the Vendor against any loss, cost or liability which arises from the Purchaser failing to account for VAT in accordance with this obligation. 

  

	 	(ii)	The Vendor and Purchaser hereby agree that the VAT valuation of the Interest the subject of the Sale, being the amount on which VAT shall be accounted for to the Revenue
Commissioners by the Purchaser in accordance with Section 4(8), shall not be less than the Economic Value of that Interest. The Vendor shall prior to the Date of Sale make available to the Purchaser such information as shall reasonably be
requested by the Purchaser for the purposes of determining the Economic Value of the Interest the subject of the Sale. The Purchaser shall indemnify and keep effectually indemnified the Vendor against any loss, costs or liability (including the
amount of any repayments of VAT which the Vendor is required to make to the Revenue Commissioners in respect of VAT previously recovered or reclaimed by the Vendor) which arises from the Purchaser seeking to attribute an amount less than the
Economic Value to the VAT valuation of the Interest being disposed of by virtue of the Sale. 

  

	 	(d)	 If the Sale is by way of the grant of a lease and Section 4A of the VAT Act could apply thereto, the Vendor shall as a condition of completion of the Sale
process to a decision of the Revenue Commissioners an application to have the provisions of that Section applied to the Sale provided that the Purchaser shall have furnished a VAT Form 4A (completed with lessee’s details and signed by the
Purchaser) on or before the Date of Sale or such later date as the Vendor may expressly agree in writing. The provisions of this Special Condition 3(d) shall be of no further 

  

 25 

	 	 
effect if the Purchaser shall fail to furnish the VAT Form 4A at the time and in the manner aforesaid. The Purchaser hereby warrants that any information
provided for the purposes of making an application under Section 4A of the VAT Act shall be true and accurate. Where authorisation is granted by the Revenue Commissioners under that Section for the purpose of the Sale the Purchaser shall not be
required to pay to the Vendor the amount of VAT exigible in relation to the Sale and the Vendor shall deliver to the Purchaser an invoice prepared in accordance with Section 17 and Section 4A(4) of the VAT Act. Where authorisation is
refused by the Revenue Commissioners for the purpose of the Sale the provisions of Special Condition 3(b) shall apply without further reference to this Special Condition 3(d). 

  

	4.	Title and Registration 

  

	 	4.1.	The title of the property shall consist of a certified copy of Folio and Filed Plan 162386F County Dublin showing eircom Limited (in this Contract referred to as
eircom) and The Commissioners of Public Works in Ireland (in this Contract referred to as the First Vendor) as registered owners together with the original Deed of Transfer dated 12 April 2005 between eircom and
Osprey Property Limited (hereinafter referred to as the Second Vendor) (which Transfer is referred to as the eircom to Osprey Transfer). 

  

	 	4.2.	The eircom to Osprey Transfer has not yet been stamped but the Second Vendor confirms that it is entitled to exemption from stamp duty on the such transfer pursuant to
Section 79 of the Stamp Duties Consolidation Act 1999 and that it will lodge the eircom to Osprey Transfer for such stamping and endeavour to complete the stamping as soon as possible. If the eircom to Osprey Transfer has not been
stamped by the closing date or any subsequent date, the non-stamping of the said Deed shall not in any way affect or delay completion and on completion the Purchaser shall accept the Second Vendor’s undertaking to procure the completion of the
stamping of the eircom to Osprey Transfer and to furnish the original to the Purchaser as soon as possible thereafter, eircom will provide a certificate that the eircom Site Transfer was executed prior to the eircom to
Osprey Transfer. 

  

	 	4.3.	The Vendor shall not be required to procure the registration of the Second Vendor as registered owner of the subject property or to lodge the eircom to Osprey Transfer in the
Land Registry but the Vendor may (at its discretion) do so. The non-registration of the Second Vendor shall not in any way affect or delay completion and the Second Vendor shall execute the Deed of Assurance to the Purchaser as the party entitled to
be registered as owner. The Second Vendor shall provide an undertaking to deal with any Land Registry queries relating to the registration of the Second Vendor’s title (including mapping queries). 

  

	 	4.4.	The eircom Site Transfer is held in escrow and has not at the date of this Contract been delivered. The Vendors will procure that it is delivered prior to completion of the
sale and will, on completion, provide a letter from the First Vendor and eircom confirming that the said Deed has been delivered. The Purchaser accepts that the delivery in escrow of the eircom Site Transfer is retrospective to the
12 April 2005. The Purchaser accepts the said Deed as exempt from stamp duty pursuant to section 113(e) of the Stamp Duties Consolidation Act 1999 and shall not raise any objection, requisition or enquiry regarding the non-stamping of the said
Deed and shall not require same to be stamped exempt or adjudicated. The Purchaser shall not raise objection, requisition or enquiry regarding the non-registration of the eircom Site Transfer and non-stamping or non-registration of same shall
not in any way affect or delay completion of the sale. 

  

	 	4.5.	 The Purchaser shall on completion provide to the Vendor a Land Registry Assent to the registration of the easements, rights and privileges affecting the subject
property pursuant to the eircom Site Transfer as a burden on the Folio in respect of the subject property and directing the Land Registry to register same as the burden with first priority on Part Three of the said Folio. The Purchaser shall
procure that a certified copy of the said eircom Site Transfer will be lodged with the application for registration of the purchaser’s title to the subject property (and the Second Vendor shall procure that the original of the eircom
site transfer is lodged in the Land Registry and provide the dealing number to the Purchaser) and that the easements, rights and privileges affecting the subject property therein are registered as the burden with first priority on the Folio in
respect of the subject property. The Purchaser shall provide any assistance which eircom shall require for the purpose of having the easements, rights and privileges affecting the subject property pursuant to the eircom Site Transfer
registered as a burden on the subject property. The Vendor shall procure an undertaking to the Purchaser from eircom to register the easements, rights and privileges in favour of the subject property affecting 

  

 26 

	 	 
the eircom Site and the Plot (as referred to in Special Condition 5) as a burden on the Folio to be opened in respect of the eircom Site and
the Plot and as the burden with first priority thereon and to complete the registration of eircom’s title to the eircom Site and Plot as soon as reasonably possible. 

  

	 	4.6.	The Purchaser shall lodge counterparts of the eircom Deed of Temporary Easements and Covenant, and the Minister for Finance Deed of Temporary Easements and Covenant and a
certified copy of the Minister for Finance Deed of Easements with the Purchaser’s application for registration of the title to the subject property and procure that same are registered as burdens in second, third and fourth priority on the
folio in respect of the subject property and procure the registration of the inhibition referred to in Clause 7 of the eircom Deed of Temporary Easements and Covenant and the inhibition referred to in Clause 7 of the Minister for Finance Deed
of Temporary Easements and Covenant. The Vendor shall procure that the originals of the said eircom Deed of Temporary Easements and Covenant, the Minister for Finance Deed of Temporary Easements and Covenant, the eircom Interface
Agreement, the Minister for Finance Step-In Agreement and the Minister for Finance Deed of Easements are lodged in the Land Registry as soon as possible and the relevant dealing numbers provided to the Purchaser and that any Land Registry queries
relating to same are satisfied as soon as possible. The Purchaser shall upon closing furnish letters addressed respectively to eircom and to the Minister for Finance undertaking to register the said Deeds respectively in the said priorities
and to deal with any Land Registry queries which may arise on the registration of the said deeds and a letter to the Land Registry directing the Land Registry to register the aforementioned Deeds in the aforementioned priority order on the Folio in
respect of the subject property. The Purchaser shall also procure a letter addressed to eircom, the Minister for Finance and the Land Registry from any bank or other entity taking a charge or encumbrance on the subject property consenting to
the registration in priority to any such charge or encumbrance of the burdens mentioned in Clause 4.5 and this Clause 4.6. In the event that the Land Registry do not register an inhibition as provided for in Clause 7 of the eircom Deed of
Grant of Temporary Easements and Covenant and Clause 7 of the Minister for Finance Deed of Temporary Easements and Covenant the Purchaser shall procure the registration of a caution or failing that a burden on the Folio in as close terms as possible
to the inhibition provided for in the said clauses. 

  

	 	4.7.	The Vendor shall not be required to furnish any evidence of identity of the subject property beyond what is contained in the documents of title referred to in the Documents Schedule
and it shall be a matter for the Purchaser to establish the extent, location, area and boundaries of the subject property and General Condition 14 is amended accordingly. For the avoidance of any doubt, the wall along the southern and western sides
of the subject property is not included in the subject property. 

  

	 	4.8.	The Non-Title Information Sheet of the Law Society Standard Conditions of Sale has not been completed and all reference to same in the General Conditions are hereby deleted.

  

	 	4.9.	The Purchaser has been provided with a copy of the letter of 4 April 2005 from the Revenue Commissioners regarding stamp duty. This is provided for information purposes and it
will be a matter for the Purchaser to satisfy itself regarding the stamp duty payable on the assurance of the subject property. 

  

	 	4.10.	The First Vendor’s Solicitor shall furnish on closing Solicitor’s Certificate in the form of the Pro-forma Certificate referred to in the Documents Schedule on behalf of
the First Vendor for the purposes of the Family Home Protection Act 1976, the Family Law Act 1981, the Judicial Separation and Family Law Reform Act 1989, the Family Law Act 1995 and the Family Law (Divorce) Act 1996, and the Purchaser shall not
require the production of a Statutory Declaration by the First Vendor in relation to the said Acts. 

  

	 	4.11.	The Purchaser shall not require a letter that the roads and services abutting the subject property are in charge and accepts that same have long since been taken in charge.

  

	5.	Plot Adjoining eircom Site 

  

	 	5.1.	 eircom is the owner of the area transferred pursuant to the eircom Site Transfer documents (hereinafter referred to as the
eircom site) and has applied for a Grant of Planning Permission under Planning Reference No. 2218/05 for alterations to the proposed development of the eircom site (some drawings for which planning application
are included in the Planning Documents) which alterations consist, inter alia, of an extension to the western end of the 

  

 27 

	 	 
buildings on the eircom Site and the consequential relocation of a pedestrian access route to the area shown hatched blue on the Plan attached hereto
(which hatched area is hereinafter referred to as the Plot) and which alterations are hereinafter referred to as the Desired Development. 

  

	 	5.2.	The Purchaser hereby agrees with Osprey Property Limited (acting in trust for eircom) that in the event that eircom obtains a final grant of Planning Permission
pursuant to said application (or any other planning application) for the Desired Development and that the said planning permission is satisfactory to eircom that, subject as hereinafter provided, the Purchaser will sell to eircom and
eircom will purchase the Plot for the price which is 1.208% (being the percentage which is equal to the area of the Plot as a proportion of the area of the subject property) of the Purchase Price under this Contract, such amount being
hereinafter referred to as the Plot Price (provided that such planning permission has not been subject to a judicial review which is not satisfactory to eircom). The sale of the Plot shall be completed on the later of the date of the
completion of the sale of the subject property or 30 days after the date of the issue of a final grant of Planning Permission for the Desired Works which is satisfactory to eircom (or in the event of there being a Judicial Review application
in respect of any grant or decision to grant of Planning Permission the date on which such Judicial Review Application is determined in a manner satisfactory to eircom). In the event of eircom not receiving a satisfactory planning
permission within 2 years of the date of this Contract, this provision shall lapse and be of no further effect. 

  

	 	5.3.	The Purchaser shall provide good and marketable freehold absolute title free from encumbrances to the Plot and releases of any charges, burdens or encumbrances affecting same and
the General Conditions of Sale shall apply to the disposal of the Plot (but excluding any liability of the Purchaser to the Vendor in respect of any matter which occurred prior to Closing Date under this Contract for Sale) and the Deed of Assurance
of the Plot shall include the grant by the Purchaser of the easements, rights and privileges in the Third Schedule to the Deed of Assurance dated the 12th day of April 2005 between The Commissioners of Public Works in Ireland of the first part, eircom of the second part and The Commissioners of Public Works in Ireland and eircom of the
third part (the eircom Deed of Assurance) for the benefit of the Plot and the exception and reservation by the Purchaser (for the benefit of the subject property (excluding the Plot)) of the easements, rights and
privileges set out in the Fourth Schedule to the eircom Deed of Assurance. It is agreed that the sale of the Plot may be completed by a deed of sub-sale whereby the Vendors transfer the Plot to eircom at the direction of the Purchaser.

  

	 	5.4.	The Purchaser hereby assents to the registration of an inhibition by eircom in respect of the Plot prohibiting any dealing with the Plot (other than a transfer in favour of
eircom) within 2 years of the date hereof and will assist in procuring the completion of such registration. 

  

	6.	Documents to be executed or provided by Purchaser and Deed of Assurance to Purchaser 

  

	 	6.1.	It is a condition of this Contract that the Purchaser (or the party taking title to the subject property if same is not the Purchaser) shall contemporaneously with the completion of
the sale execute the following documents :- 

  

	 	(a)	the eircom Interface Agreement 

  

	 	(b)	the Minister for Finance Step-In Agreement 

  

	 	(c)	eircom Deed of Temporary Easements and Covenant 

  

	 	(d)	the Minister for Finance Deed of Temporary Easements and Covenant 

  

	 	(e)	the Heads of Agreement for cultural space at Westgate and 

  

	 	    	the Deed of Assurance of the subject property to the Purchaser shall record that the Purchaser purchase the subject property subject to and with the benefit of the covenants,
conditions and provisions of the eircom Site Transfer and the Minister for Finance Grant of Easements and the Deeds listed at (c) and (d). 

  

 28 

	 	6.2.	The Purchaser shall on completion furnish :- 

  

	 	6.2.1.	the Bank Guarantee in accordance with the provisions of the eircom Interface Agreement and the Minister for Finance Step-In Agreement duly executed by the person providing
such Bond under seal; and 

  

	 	6.2.2.	(if required by the Vendors) the parent company guarantee provided for in the eircom Interface Agreement and the Minister for Finance Step-In Agreement duly executed by the
parent company providing the guarantee and with a certified copy of the Certificate of Incorporation and Memorandum and Articles of Association of the parent company and such other evidence as the Vendor shall require as to the capacity and due
authorisation of the parent company to provide and execute and the said guarantee. 

  

	 	6.3.	The Vendor shall provide engrossments of all of the documentation referred to in Clause 6.1 in duplicate to the Purchaser prior to completion date and the Purchaser shall return
same to the Vendor’s solicitor not less than three working days prior to the closing date (after which they will be held in escrow by the Vendor’s solicitor until completion) to facilitate execution thereof by the Vendors in advance of
completion. 

  

	 	6.4.	The Deed of Assurance to the Purchaser shall include an easement in favour of the First Vendor allowing access to the existing wall along the southern and western sides of the
subject property for repair and maintenance purposes. 

  

	7.	Payment of Purchase Price, Completion and Interest 

  

	 	7.1.	The Purchase Price shall be paid as 47.65% therefore to the First Vendor, The Commissioners of Public Works in Ireland and as to 52.35% to the Second Vendor, Osprey Property
Limited. The Purchaser shall pay the purchase monies by way of bank drafts or into such bank account or accounts (including by electronic transfer) as the Vendor shall specify and shall provide separate payments to each of the vendor parties.

  

	 	7.2.	General Condition 25(c ) is hereby deleted. For the avoidance of doubt, the Vendors shall not be obliged to complete the sale unless or until it has received all monies payable
pursuant to this contract (including without prejudice to generally the foregoing all interest due to the Vendor) provided always that the Vendor shall be entitled to complete the sale without prejudice to the right of the Vendor to pursue such
interest. In the event of the Vendor being entitled to any interest pursuant to this contract and such interest not being paid at completion, unless otherwise specifically agreed in writing for the purposes of this Special Condition and referring to
this Special Condition, the Vendor shall be deemed to have completed this sale without prejudice to its entitlement to such interest and its right to pursue recovery of same after completion. 

  

	 	7.3.	On the date of actual completion of same the Purchaser shall complete the sale at such time as to enable the Vendor to receive value for the balance of the purchase monies under
this contract on that day. If not so completed, for the purpose of calculating interest the sale shall be deemed to be completed on the day following the date of actual completion. 

  

	8.	Matters affecting the Subject Property 

  

	 	8.1.	The Purchaser purchases with the knowledge of the Vodafone mast and associated telecommunications equipment which is located on the subject property pursuant to the provisions of
the Licence Agreement dated 11 May 2001 between eircom of the one part and eircell 2000 plc of the other part. eircom has served notice of termination of the said licence (and has not received any objection or challenge from
Vodafone). It will be a matter for the Purchaser to procure vacant possession of the property the subject of that Licence. The Purchaser shall not raise any objection, requisition or enquiry or require any further information in respect of said
Licence. The occupation of the property the subject of the said Licence (whether or not the date for vacating the property has expired) nor the existence of the Licence shall not in any way affect or delay completion of the sale.

  

	 	8.2.	 The Purchaser purchases the subject property with notice of the fact that eircom has a telecommunications cabinet (hereinafter referred to as the
Telecommunications Cabinet) on a portion of the subject property (the Telecommunications Area). If the said Telecommunications Cabinet has not been removed by the date of completion of the sale, the Purchaser shall grant to
eircom a Licence for a period of three months from the date of completion of the sale for the exclusive use and occupation of the Telecommunications Area 

  

 29 

	 	 
and the right to maintain thereon and to repair, maintain, replace, renew and upgrade the said Telecommunications Cabinet and the right in common with any
other persons having the like right from time to time for eircom, its servants, agents, licences and invitees to pass, repass to and from the Telecommunications Area with or without vehicles and the free and uninterrupted passage of
electricity and telecommunications signals of all kinds through any conducting media serving the Telecommunications Area and Telecommunications Equipment thereon. 

  

	 	8.3.	The Purchaser purchases the subject property with notice of the fact that the ESB will relocate the sub-station located on the eircom property to the subject property to the
approximate location of which is as shown on the map referred to in the Documents Schedule. If this relocation has not taken place prior to the completion of the sale, the Purchaser shall facilitate same when required by the ESB and grant to the ESB
such rights as they require for such sub-station. In the event that relocation has taken place prior to completion, the Purchaser acquires the subject property subject to such sub-station and such rights as the Vendors may have granted or agreed to
grant to the ESB. Nothing in relation to the said ESB sub-station shall affect or delay completion. 

  

	 	8.4.	The Purchaser purchases with knowledge of the memorandum prepared by ARUP Consulting Engineers regarding the ESB 38kv substation and this memorandum is provided for information
purposes only and the Vendor’s provide no warranties or representations regarding same or the content thereof. It is a matter for the Purchaser itself to establish the requirements for electricity and make all necessary arrangements with the
Electricity Supply Board and no objections, requisitions or enquiries shall be raised regarding this matter and the Vendors nor eircom shall have no further obligations in respect of the matter. 

  

	 	8.5.	The estimated capacity of the telecommunications trenches designed for the subject property is 24 x 100 mm diameter ducts. The Purchaser agrees that eircom shall be granted
the exclusive use of 10 x 100 mm diameter telecommunications service ducts in all telecommunications trenches in the subject property at basement or podium level and all necessary rights to use and access such ducts. 

  

	 	8.6.	The Purchaser acquires the subject property with express knowledge that the buildings thereon contain asbestos and without prejudice to the generality of the foregoing the contents
of the Asbestos Survey Report referred to in the Documents Schedule. The Purchaser acknowledges the Vendor has no duty or obligation to disclose such matters to the Purchaser and that the disclosure thereof does not impose or imply and obligations
on the Vendor and that the report is furnished without any representations or warranty or liability on the part of the Vendor, eircom or any other party, in respect of the content thereof, or any thing omitted therefrom, or the accuracy or
completeness thereof or otherwise. The Purchaser shall not raise any objection, requisition or enquiry or be entitled to any compensation or deduction from the purchase price or otherwise as a result of any asbestos on or in the subject property or
anything arising therefrom or from the demolition, destruction or any works to any such buildings. The Purchaser agrees and acknowledges that the Vendor has no responsibility in respect of or in relation to asbestos and it should be a matter for the
Purchaser to procure the removal of any such asbestos (save as provided for in the eircom Deed of Temporary Easements and Covenant). 

  

	 	8.7.	The Purchaser purchases with the knowledge that the wall adjoining the Royal Hospital Kilmainham (which wall does not form part of the subject property) is a protected structure.

  

	9.	Planning and Environmental 

  

	 	9.1.	General Condition 36 is hereby deleted and the Vendor provides no warranty or representation whatsoever, nor enters into any commitment or obligation in respect of the Planning Acts
(which, for the purposes of this clause means Local Government & Planning Developments Act 1963-1999, the Planning and Development Acts 2000 to 2002, the Local Government (Sanitary Services) Acts 1878 to 1964, the Building Control Act 1990,
the Fire Services Act 1981, the Safety and Welfare at Work Act 1989 and other statutory provision or law whatsoever including common law and law of European Communities relating to the development, use of carrying out of works to property or any
standards in relation thereto). The Purchaser confirms that it has satisfied itself in respect of all matters relating to the Planning Acts prior to the date of this contract and the extent of the compliance with the Planning Acts. The Purchaser
shall not raise any objection, requisition or enquiry in relation to the Planning Acts. Without prejudice to the provisions of General Condition 35, the Purchaser purchases with full knowledge of all of the Planning Documents listed in the Documents
Schedule. 

  

 30 

	 	9.2.	Neither the Vendor nor eircom provide any representation or warranty whatsoever in respect of the content of the Planning Documents or anything contained therein or omitted
therefrom or the accuracy or completeness thereof or that same represent all plans, drawings or information in respect of the subject property. 

  

	 	9.3.	The Purchaser acquires the property with knowledge of the fact that eircom has lodged a planning application for development, inter alia, of the eircom Site under
Planning Reference 2218/05 and that the said planning application includes alterations to and in the vicinity of the building to the west of the eircom site known as Block 2. It is a matter for the Purchaser to satisfy itself as to the extent
to which the said planning application and any resulting planning permission affects or may affect the subject property and the Purchaser shall raise no objection requisition or enquiry regarding same. The Purchaser agrees that it shall not make any
observation or objection or appeal or seek a judicial review or otherwise challenge the said planning application or any substitute planning application or procure that any other person does so or assist any other person in making any such
observation, objection, appeal, judicial review or challenge thereto (save for an appeal in respect of any condition imposed in a decision to grant planning permission which would affect any part of the subject property other than the parts thereof
in respect of which alterations were included in the said planning application. 

  

	 	9.4.	The Purchaser acknowledges that the Vendors have made a planning compliance submission in respect of Planning Permission Register Reference No. 2656/03 and that eircom
will in due course be making a compliance submission in respect of the planning application lodged under register reference 2218/05 or any substituted planning application. The Purchaser acknowledges and agrees that the Vendor and eircom
respectively shall be entitled (both prior to and subsequent to the completion of the sale) to pursue the agreement of the said compliance submissions and submit further submissions and enter into negotiations and discussions with the Local
Authority regarding same (to the extent that eircom consider necessary to agree a compliance submission in respect of the eircom site and any other areas which are relevant to the eircom site including the Public Realm Works (as
defined in the eircom Interface Agreement)) and to make agreements with the Local Authority in respect of any matters requiring agreements under the terms of the said planning permissions (including relating to the subject property) after
consultation with the Purchaser where any such submissions made after the Date of Sale could affect the subject property. The Purchaser shall if required provide a letter to Dublin City Council confirming that eircom and / or the Vendor are
so entitled. The Vendor shall advise the Purchaser as soon as is reasonably possible of any matters which are agreed with the planning authority. 

  

	 	9.5.	The Purchaser acquires the property with knowledge of the planning application and Decision to Grant Permission (currently under appeal) in respect of the premises on the East side
of Military Road (Heustongate) under planning reference 1290/04, and acknowledges the fact that access to the basement of Heustongate will be through the subject property and the waste management facilities for same will be located on the
subject property. It is a matter for the Purchaser to satisfy itself as to the extent to which the said planning application and any resulting planning permission affects or may affect the subject property and the Purchaser shall raise no objection,
requisition or enquiry regarding same. The First Vendor confirms that the only part of the subject property included in the planning application for Heustongate is the area at basement and ground level shown outlined in red on the Plans referred to
at 14.3 in the Documents Schedule and that this area was included only for the purpose of indicating the means of access to the Heustongate development and that neither the application nor the Decision to Grant Permission involves any changes to the
design of the subject property from the development permitted under the Decision of An Bord Pleanala under planning application Reference 3656/03 and the appeals lodged against the Decision to Grant do not affect any part of the subject property.

  

	 	9.6.	No representation or warranty whatsoever is given or shall be deemed to be given by the Vendor in relation to compliance with any law relating to the environment whether under Irish
law, European community law or any common or customary law or legislation and/or any order, rule, regulation, directive, statutory instrument, bye law or legislative measure thereunder and the Purchaser acknowledges that it is satisfied with itself
in respect of all such matters prior to the execution of this Contract for Sale and shall not raise any objection, requisition or enquiry in respect thereof. 

  

 31 

	10.	Items in or on the subject property at Closing 

  

	    	Any and all items remaining on the property or in the buildings on the subject property on the closing will be included in the sale and General Condition 21 is hereby amended.

  

	11.	Representations and Entire Contract 

  

	    	The Purchaser agrees and accepts that no statement, measurement, quantity or description contained in any newspaper or advertisement or given orally or contained in any brochure,
letter or other documentation or information of any kind (including any explanatory information or memoranda) issued or made available by or on behalf of the Vendor or one of them or eircom (whether or not in the course of any representation
or negotiations leading to the Sale or the submission of a tender and whether or not issued by any of the Vendor’s or eircom’s property, planning, design or legal advisers) shall constitute a representation inducing the Purchaser to
submit the Form of Tender and/or enter into the Sale or any warranty or representation forming part of this Agreement or any other agreement or otherwise binding the Vendor or one of them or eircom and that any statement, description,
quantity or measurement contained in any newspaper, advertisement, brochure, letter or other documentation or information of any kind (including any explanatory information or memoranda) or given orally are for illustration purposes only and are not
to be taken as matters of fact and that any mistake, omission, discrepancy, inaccuracy, mis-statement, mis-description or incorrect measurement in any newspaper, advertisement, brochure, letter or other documentation or information of any kind
(including any explanatory information or memorandum or given orally (whether or not in the course of any representation or negotiations leading to the submission of the Form of Tender and/or to the Sale) shall not give rise to any cause of action,
claim for compensation against the Vendor or one of them or eircom or its or their servants, agents, contractors solicitors, advisers or employees, or any right of rescission under this Agreement or any obligation, liability or commitment on
the part of the Vendor (or any one of them or eircom) (other than as expressly herein contained) whether in relation to the Sale of the subject property or the tendering process or otherwise and it is further agreed that this document
contains the entire terms and conditions of the agreement between the parties hereto and no other terms, conditions or provisions shall be implied or deemed to exist. The Law Society’s General Condition 33 shall be read subject to this
condition. 

  

	12.	Requisitions on Title 

  

	    	The Objections and Requisitions on Title together with Replies thereon referred to in the Documents Schedule shall be deemed to constitute the Purchaser’s Requisitions on Title
and the Vendor’s Replies thereto for the purposes of General Condition 17. The Purchaser shall raise no further Objections and Requisitions or enquiry (save that the Purchaser shall be entitled to raise the Purchaser’s list of closing
requirements (consistent with the provisions of this contract and the replies to Requisitions on Title)) and confirms that (save as aforesaid) it is satisfied with the replies to the said Objections and Requisitions on Title as set out therein
subject to the explanation or discharge by the Vendor of any acts on the Purchaser’s closing searches against the title which the Vendor has contracted to furnish in accordance with this Contract for Sale. 

  

	13.	Alienation 

  

	    	The Purchaser shall not be entitled to assign, novate, sub-sell or otherwise dispose of its or their interest under this Contract for Sale (save to a related person as hereinafter
defined or a security assignment by the Purchaser or a related person of any rights under this Agreement in connection with the financing of the subject property) without the prior written consent of the Vendor and the Vendor shall only be required
to execute a Deeds or Deeds of Assurance of the subject property in favour of the Purchaser or a related person (being any company which is a subsidiary or holding company of the Purchaser or which is owned by substantially the same persons as the
Purchaser or the Purchaser’s family or any consortium, co-ownership group, partnership or other group which the Purchaser was representing at the time of entering into this Contract or any family members of the Purchaser or any nominee company
holding in trust for any of the foregoing). 

  

	14.	Clause Headings 

  

	    	Clause headings are inserted for convenience only and shall not affect the construction of this document. 

  

 32 

 

 
  

 33Rights Issue underwriting Agreement dated 25 July 2005

Table of Contents

 Exhibit 10.3 
 DATED 25 July 2005 
 EIRCOM GROUP PLC 
 - and - 
 MORGAN STANLEY &
CO. INTERNATIONAL LIMITED 
 - and - 
 MORGAN STANLEY & CO. LIMITED 
 - and - 
 MORGAN STANLEY SECURITIES LIMITED 
 - and - 
 GOODBODY STOCKBROKERS 
 - and - 
 GOODBODY CORPORATE FINANCE 
  

 AGREEMENT 
 relating to a rights issue 
 of
Ordinary Shares 
 of €0.10 each in  
 eircom Group plc 
 and the acquisition of Western Wireless International
Ireland Corporation 
  

 Slaughter and May 
 One Bunhill Row 
 London EC1Y 8YY 
 (NV) 

Table of Contents

 
CONTENTS 
  

					
	 	  	 	  	Page
			
	1.	  	 
Interpretation
	  	2
			
	2.	  	 
Admission to Listing and Trading
	  	14
			
	3.	  	 
Obligations of the Company
	  	15
			
	4.	  	 
Conditions
	  	19
			
	5.	  	 
Posting of Documents to Certain Shareholders and treatment of Excluded Holders
	  	22
			
	6.	  	 
Allotment
	  	23
			
	7.	  	 
Acquisitions of New Shares
	  	25
			
	8.	  	 
Underwriting
	  	28
			
	9.	  	 
Announcements and other obligations
	  	29
			
	10.	  	 
Warranties
	  	30
			
	11.	  	 
Commissions and Expenses
	  	32
			
	12.	  	 
Indemnity
	  	34
			
	13.	  	 
Termination
	  	41
			
	14.	  	 
Miscellaneous
	  	43
			
	15.	  	 
Contracts (Rights of Third Parties) Act 1999
	  	44
			
	16.	  	 
Notices
	  	44
			
	17.	  	 
Counterparts
	  	45
			
	18.	  	 
Variation
	  	45
			
	19.	  	 
Further Assurance
	  	46
			
	20.	  	 
Governing Law and Submission to Jurisdiction
	  	46
			
	21.	  	 
Entire Agreement
	  	46

Table of Contents

					
			
	22.	  	 
Illegality
	  	46
			
	23.	  	 
Rights and obligations of the Bank and Goodbody
	  	46
		
	
Schedule 1	  	48
		
	
Schedule 2	  	54
		
	
Schedule 3	  	56

Table of Contents

 THIS AGREEMENT is made on 25 July 2005 
 BETWEEN: 
  

	(1)	EIRCOM GROUP PLC (registered in England and Wales with number 04827199) whose registered office is at 1 Park Row, Leeds, LS1 5AB (the “Company”);

  

	(2)	MORGAN STANLEY & CO. INTERNATIONAL LIMITED (registered in England with number 02068222) whose registered office is at 25 Cabot Square, Canary Wharf, London W14 4QA
(as sponsor and financial adviser to the Rights Issue, “MSIL”); 

  

	(3)	MORGAN STANLEY SECURITIES LIMITED (registered in England with number 02068221) whose registered office is at 25 Cabot Square, Canary Wharf, London W14 4QA (as underwriter to
the Rights Issue, “MSSL”); 

  

	(4)	MORGAN STANLEY & CO. LIMITED (registered in England with number 02164628) whose registered offices is at 25 Cabot Square, Canary Wharf, London W14 4QA (as sponsor
and financial adviser in connection with the Circular, “MS”); 

  

	(5)	GOODBODY STOCKBROKERS (registered in Ireland with number 54223) whose registered office is at Ballsbridge Park, Ballsbridge, Dublin 4, Republic of Ireland (as underwriter to
the Rights Issue, “GS”); and 

  

	(6)	GOODBODY CORPORATE FINANCE (registered in Ireland with number 91354) whose registered office is at Ballsbridge Park, Ballsbridge, Dublin 4, Republic of Ireland (as sponsor
and financial adviser in connection with the Circular, “GCF”). 

 (MSIL, MSSL and MS being collectively and individually
referred to as the “Bank” and with such term being used in this Agreement to refer, as the context requires, to one or more of MSIL, MSSL and MS). 
 (GS and GCF being collectively and individually referred to as “Goodbody” and with such term being used in the Agreement to refer, as the context requires, to one or both of GS and GCF). 
 WHEREAS: 
  

	(A)	The Company proposes, subject, inter alia, to the passing of the Resolutions, to issue the New Shares pursuant to the Rights Issue and, subject to the passing of the Resolution, the
Directors will have authority and will have been empowered under Section 80 Companies Act to allot the New Shares. 

  

	(B)	The Bank and GS have agreed (severally, and not jointly or jointly and severally), on the terms and subject to the conditions referred to in this Agreement, to underwrite the Rights
Issue in the Due Proportions. MSIL has agreed to act as sponsor and financial adviser in connection with the Rights Issue. In addition, MS and GCF have agreed to act as sponsors and financial advisers in connection with the Circular.

  

 1 

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	(C)	The consideration for the issue and allotment of the New Shares shall be the transfer of Newco Ordinary Shares and Preference Shares by the Bank and GS to the Company in accordance
with the Transfer Agreements. 

 WHEREBY IT IS AGREED AS FOLLOWS: 
  

	
1.	Interpretation 

  

	1.1	In this Agreement (including the Schedules and Recitals) the following expressions shall, unless the context otherwise requires, have the following meanings:

  

			
	 “20-F”
	  	means the Company’s Form 20-F filed with the SEC on 30 June 2005;
		
	 “Acceptance Date”
	  	means the last date for acceptance and payment in full under the Rights Issue;
		
	 “Accounts Date”
	  	means 31 March 2005;
		
	 “Acquisition”
	  	means the proposed acquisition of the whole of the issued share capital of Western Wireless International Ireland Corporation by the Company (or another member of the Group) in accordance with
the Acquisition Agreement;
		
	 “Acquisition Agreement”
	  	means the share purchase agreement dated the date of this Agreement between, amongst others, the Company and Western Wireless International Holding Corporation relating to the acquisition by the
Company (or another member of the Group) of the whole of the issued share capital of Western Wireless International Ireland Corporation and including any disclosure schedule or other document entered into or to be entered into pursuant thereto or in
connection therewith;
		
	 “Acquisition Resolution”
	  	means the ordinary resolution to be proposed at the EGM to approve the Acquisition;
		
	 “Admission”
	  	means the admission of the New Shares (nil paid) to the Official List of the Irish Stock Exchange and the Official List maintained by the UK Listing Authority and to trading on the main markets
for listed securities of the Irish Stock Exchange and the London Stock Exchange becoming effective in accordance with the Listing Rules and the Standards;

  

 2 

Table of Contents

			
	 “Adverse Interest”
	  	means any option, lien, mortgage, charge, equity trust, any other right or interest of any third party and any other encumbrance of any kind;
		
	 “A Preference Shares”
	  	means 1000 redeemable A preference shares of €0.01 each in the capital of Newco;
		
	 “B Preference Shares”
	  	means 1000 redeemable B preference shares of €0.01 each in the capital of Newco;
		
	 “Bank Group”
	  	means the Bank and any person controlling, controlled by or under common control with the Bank;
		
	 “Bank Indemnified Person”
	  	has the meaning ascribed to it in Clause 12.1;
		
	 “Business Day”
	  	means a day (other than a Saturday or Sunday) on which banks are open for general business in London;
		
	 “Certificate of Approval”
	  	means a certificate of approval as defined in regulation 57 of the Irish Regulations;
		
	 “certificated” or “in certificated form”
	  	means, in relation to Ordinary Shares, not in uncertificated form;
		
	 “Circular”
	  	means the circular to be issued by the Company to its shareholders giving details of the Rights Issue and the Acquisition, a draft of which has been initialled by or on behalf of the Company,
the Bank and GCF for the purpose of identification only and marked “A”;
		
	 “Companies Act”
	  	means the Companies Act 1985 of the United Kingdom;
		
	 “Continuation Notice”
	  	has the meaning ascribed to it in Clause 13.1;
		
	 “Continuing Party”
	  	means, where the Bank has given a notice under Clause 4.7, the Bank, and where Goodbody has given a notice under Clause 4.7, Goodbody;
		
	 “CREST”
	  	means the relevant system (as defined in the Regulations) in respect of which CRESTCo Limited is the Operator (as defined in the Regulations);
		
	 “Dealing Day”
	  	means a day upon which dealings in domestic securities may take place on and with the authority of the London Stock Exchange and the Irish Stock Exchange;

  

 3 

Table of Contents

			
	 “Directors”
	  	means the directors of the Company;
		
	 “Disclosure Rules”
	  	means the disclosure rules produced by the UK Listing Authority;
		
	 “Due Proportion”
	  	in relation to each of MSSL and GS shall mean 73 per cent. in the case of MSSL and 27 per cent. in the case of GS;
		
	 “EGM”
	  	means the extraordinary general meeting of the Company to be convened for no later than 30 September 2005 pursuant to the notice of extraordinary general meeting contained in the Circular and at
which the Resolution and the Acquisition Resolution are to be proposed;
		
	 “EGM Date”
	  	the date on which the EGM is held, being no later than 30 September 2005;
		
	 “Engagement Letter”
	  	means the engagement letter relating to the Rights Issue from MSIL to the Company dated 12 July 2005;
		
	 “Enlarged Group”
	  	means the Group together with the Target Group;
		
	 “ESOT”
	  	means ESOP Trustee Limited;
		
	 “European Regulations”
	  	means the European Communities (Stock Exchange) Regulations 1984 (as amended) and Part 5 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005;
		
	 “Exchange Act”
	  	means the US Securities Exchange Act of 1934;
		
	 “Excluded Holders”
	  	means Qualifying Holders to whom, in accordance with Clause 5, no Provisional Allotment Letter is to be sent or for whom, in accordance with Clause 5, no Nil-paid Rights are to be
credited to any Stock Account within CREST;
		
	 “Floor Rights Issue Price”
	  	means €1.10 per New Share;
		
	 “Form of Proxy”
	  	means the form of proxy for use in connection with the EGM in such form as may be agreed between the Company and the Bank acting reasonably;

  

 4 

Table of Contents

			
	 “FSMA”
	  	means the Financial Services and Markets Act 2000 of the United Kingdom;
		
	 “Fully-paid Rights”
	  	means fully-paid rights in respect of New Shares;
		
	 “Group”
	  	means the Company and its subsidiaries and subsidiary undertakings from time to time (other than ESOT), including, where the context requires, any one or more of such companies;
		
	 “Goodbody Group”
	  	means Goodbody and any person controlling, controlled by or under common control with Goodbody;
		
	 “Goodbody Indemnified Person”
	  	has the meaning ascribed to it in Clause 12.1;
		
	 “Indemnified Person”
	  	has the meaning ascribed to it in Clause 12.1;
		
	 “Indentures”
	  	means the indenture governing the Senior Notes, dated as of 7 August 2003, as amended by a supplemental indenture dated as of 24 March 2004 and the indenture governing the Senior Subordinated
Notes, dated as of 7 August 2003, as amended by a supplemental indenture dated as of 24 March 2004;
		
	 “Initial Transfer Agreement”
	  	means the initial subscription and transfer agreement substantially in the form of the draft initialled by or on behalf of the Company and the Bank for the purpose of identification only and
marked “B” to be entered into between the Bank, GS, Newco and the Company providing, inter alia, for the subscription of A Preference Shares by MSSL and GS in the Due Proportions and the acquisition by the Company from MSSL and GS
of A Preference Shares and certain Newco Ordinary Shares;
		
	 “Irish Authority”
	  	means the Central Bank and Financial Regulator or such other body to which from time to time it may delegate its functions under the Irish Regulations;
		
	 “Irish Market Abuse Law”
	  	shall have the meaning given to that term in Section 29 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 of Ireland;
		
	 “Irish Companies Acts”
	  	means the Companies Acts 1963 to 2005 of Ireland;
		
	 “Irish Regulations”
	  	means the Prospectus (Directive 2003/71/EC) Regulations 2005 of Ireland;

  

 5 

Table of Contents

			
	 “Irish Stock Exchange”
	  	means The Irish Stock Exchange Limited;
		
	 “Irrecoverable VAT”
	  	means, in relation to any person, any amount in respect of VAT paid by such person and not recoverable from any tax authority by such person or the representative member of any VAT group of
which such person is a member;
		
	 “Listing Rules”
	  	means the listing rules produced by the UK Listing Authority under Part VI of FSMA (also referred to as the “UK Listing Rules”) and/or, where appropriate, the listing rules
produced by the Irish Stock Exchange (also referred to as the “Irish Listing Rules”), in its capacity as competent authority for the purposes of the Consolidated Admissions and Reporting Directive (2001/83/EC) in each case as such
rules may be amended prior to Admission;
		
	 “London Stock Exchange”
	  	means the London Stock Exchange plc;
		
	 “Material Adverse Effect”
	  	means a material adverse change in, or any development involving a material adverse change in, the condition, financial or otherwise, or the earnings, business affairs, business prospects or
financial prospects, of the Group (considered as one enterprise), whether or not arising in the ordinary course of business;
		
	 “MTM instruction”
	  	means a Many-To-Many (“MTM”) instruction given to CREST in relation to the acceptance of the offer of New Shares in uncertificated form;
		
	 “New Equity Offering”
	  	has the meaning ascribed to it in Clause 13.2;
		
	 “New Shares”
	  	means such number of new Ordinary Shares to be issued and allotted in connection with the Rights Issue at the Rights Issue Price such that the gross proceeds from the Rights Issue are as near as
may be equal to, but not less than, €420 million;
		
	 “Newco”
	  	means a company to be incorporated in Jersey in connection with the Rights Issue;
		
	 “Newco Ordinary Shares”
	  	means ordinary shares of €1.00 each in the capital of Newco;
		
	 “Nil-paid Rights”
	  	means nil-paid rights in respect of New Shares;

  

 6 

Table of Contents

			
	 “Non-Continuing Party”
	  	means, where the Bank has given a notice under Clause 4.7, Goodbody, and where Goodbody has given a notice under Clause 4.7, the Bank;
		
	 “Non-Terminating Party”
	  	has the meaning ascribed to it in Clause 13.1;
		
	 “Official List”
	  	means the Official List of the UK Listing Authority and/or as appropriate the Official List of the Irish Stock Exchange and “Official Lists” means both of them;
		
	 “Option Agreement”
	  	means the initial subscription and put and call option agreement relating to Newco Ordinary Shares substantially in the form of the draft initialled by or on behalf of the Company and the Bank
for the purpose of identification only and marked “C” to be entered into by the Company, Newco, and MSSL;
		
	 “Ordinary Shares”
	  	means ordinary shares of €0.10 each in the capital of the Company;
		
	 “Ordinary Shareholders”
	  	means holders of Ordinary Shares;
		
	 “Posting Date”
	  	means the date on which the Company publishes the Prospectus and despatches the Circular;
		
	 “Preference Shares”
	  	means A Preference Shares and B Preference Shares;
		
	 “Press Announcement”
	  	means the press announcement giving details of, inter alia, the Rights Issue and the Acquisition in the form of the draft initialled by or on behalf of the Company and the Bank for the
purpose of identification only and marked “D”;
		
	 “Previous Announcements”
	  	means all documents issued and announcements (other than the Press Announcement) made by or on behalf of the Company or any member of the Group to the public or the press since the Accounts Date
and before the date of this Agreement;
		
	 “Prospectus”
	  	means a prospectus relating to the Company and the New Shares prepared pursuant to FSMA, the Prospectus Rules and the UK Listing Rules, a draft of which has been initialled by or on behalf of
the Company and the Bank for the purpose of identification only and marked “E”;

  

 7 

Table of Contents

			
	 “Prospectus Rules”
	  	means the Prospectus Rules of the Financial Services Authority published under section 73A(4) of FSMA;
		
	 “Provisional Allotment Letter”
	  	means the form of the renounceable provisional allotment letter to be issued by the Company, subject to Clause 5, to Qualifying Non-CREST Holders in connection with the Rights Issue,
a draft of which has been initialled by or on behalf of the Company and the Bank for the purposes of identification only and marked “F”;
		
	 “QIBs”
	  	means “qualified institutional buyers” as defined in Rule 144A under the Securities Act;
		
	 “Qualifying CREST Holders”
	  	means Qualifying Holders whose Ordinary Shares on the register of members of the Company at the close of business on the Record Date are in uncertificated form;
		
	 “Qualifying Holders”
	  	means Ordinary Shareholders on the register of members of the Company as at the close of business on the Record Date;
		
	 “Qualifying Non-CREST Holders”
	  	means Qualifying Holders whose Ordinary Shares on the register of members of the Company at the close of business on the Record Date are in certificated form;
		
	 “Quarterly Results”
	  	means the unaudited quarterly statement of affairs and results of operations of the Group as at and for the three months ended 30 June 2005 which will be included in the
Prospectus;
		
	 “Receiving Agent Agreement”
	  	means the agreement substantially in the form of the draft initialled by or on behalf of the Company and the Bank for the purpose of identification only and marked “J” to be
entered into between the Company, MSSL, GS and the Receiving Banker;
		
	 “Receiving Banker”
	  	means Computershare Investor Services PLC;
		
	 “Record Date”
	  	means the fifth Dealing Day before the EGM Date or such other date as the parties may agree;
		
	 “Registrars”
	  	means Computershare Investor Services PLC;
		
	 “Regulation S”
	  	means Regulation S under the Securities Act;

  

 8 

Table of Contents

			
	 “Regulations”
	  	means the Uncertificated Securities Regulations 2001 (SI No. 2001/3755);
		
	 “Regulatory Information Service”
	  	has the meaning ascribed to it in the Listing Rules;
		
	 “Report and Accounts”
	  	means the published annual report and audited accounts of the Group as at and for the financial period ended on the Accounts Date;
		
	 “Resolution”
	  	means the ordinary resolution to be proposed at the EGM to authorise the Directors to allot up to such number of Ordinary Shares under section 80 of the Companies Act as equals or exceeds the
number of the New Shares;
		
	 “Resolutions”
	  	means the Resolution and the Acquisition Resolution;
		
	 “Rights Issue”
	  	means the proposed offer of the New Shares by way of rights to all Qualifying Holders in such proportion of New Shares to Ordinary Shares held at the close of business on the Record Date such
that the gross proceeds from the Rights Issue are as near as may be equal to, but not less than, €420 million, on the terms and subject to the conditions referred to in the Prospectus and (so far as applicable) the Provisional Allotment
Letter;
		
	 “Rights Issue Documents”
	  	means the Press Announcement, the Circular, the Prospectus, any Supplementary Prospectus, the Form of Proxy, the Provisional Allotment Letter, the Roadshow Materials and the US Investor
Letter;
		
	 “Rights Issue Price”
	  	means the price to be stated in the Prospectus per New Share (such price not to be less than the Floor Rights Issue Price) as the price to be paid to MSSL and GS in the Due Proportions (each
acting as principal for itself);
		
	 “Roadshow Materials”
	  	means the slides used by the Company during the course of “roadshow” presentations to institutional investors in connection with the Rights Issue, a final version of which is in the
form of the proof initialled by or on behalf of the Company and the Bank for the purpose of identification only and marked “G”;

  

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	 “Rump Transfer Agreement”
	  	means the rump/stick subscription and transfer agreement substantially in the form of the proof initialled by or on behalf of the Company, the Bank and GS for the purpose of identification
only and marked “H” to be entered into between MSSL, GS, Newco and the Company, providing, inter alia, for the subscription of B Preference Shares by MSSL and GS in the Due Proportions and for the subscription of certain Newco
Ordinary Shares by MSSL and the acquisition by the Company from MSSL and GS of B Preference Shares and those Newco Ordinary Shares;
		
	 “SEC”
	  	means the Securities and Exchange Commission of the United States;
		
	 “Securities Act”
	  	means the United States Securities Act of 1933;
		
	 “Senior Credit Facility”
	  	means the €1.4 billion secured senior credit facility, dated 18 March 2004, between Valentia Telecommunications, as original Borrower and original Guarantor, Deutsche Bank AG London,
Citigroup Global Markets Limited, Goldman Sachs International and Morgan Stanley Bank as the Mandated Lead Arrangers, the financial institutions named therein as the Original Lenders, and Deutsche Bank AG London as Facility Agent and as Security
Agent;
		
	 “Senior Notes”
	  	means the €550 million 7.25% Senior Notes of Valentia Telecommunications due 2013;
		
	 “Senior Subordinated Notes”
	  	means the €285 million 8.25% Senior Subordinated Notes of eircom Funding due 2013 and the $250 million 8.25% Senior Subordinated Notes of eircom Funding due 2013;
		
	 “Standards”
	  	means the current edition of the Admission and Disclosure Standards produced by the London Stock Exchange;
		
	 “Stock Account”
	  	means an account within a member account in CREST to which a holding of a particular share or other security in CREST is credited;

  

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	 “Supplementary Prospectus”
	  	means any Prospectus published by the Company pursuant to Clause 3.9 which is supplementary to the Prospectus (or any previously published Prospectus which is so
supplementary);
		
	 “taken up”
	  	has the meaning ascribed to it in Clause 7;
		
	 “Target Group”
	  	means Western Wireless International Ireland Corporation and its subsidiaries and subsidiary undertakings from time to time, including, where the context requires, any one or more of such
companies;
		
	 “tax, taxes or taxation”
	  	means all forms of taxation and statutory, governmental, state, provincial, local government or municipal impositions, duties, contributions and levies, in each case whether of the United
Kingdom or elsewhere in the world wherever imposed and all penalties, charges, costs and interest relating thereto;
		
	 “Terminating Party”
	  	means a party giving a Termination Notice under Clause 13.1;
		
	 “Termination Notice”
	  	has the meaning ascribed to it in Clause 13.1;
		
	 “Transfer Agreements”
	  	means the Initial Transfer Agreement and the Rump Transfer Agreement;
		
	 “UK Listing Authority”
	  	means the Financial Services Authority acting in its capacity as competent authority for the purposes of Part VI of FSMA and in the exercise of its functions in respect of the admission to the
Official List of the UK Listing Authority otherwise than in accordance with Part VI of FSMA, including, where the context so permits, any committee, employee, officer or servant to whom any function of the UK Listing Authority may for the time being
be delegated;
		
	 “uncertificated” or “in
 uncertificated form”
	  	means, in relation to Ordinary Shares, recorded on the register of members of the Company as being held in uncertificated form in CREST, with title which may (by virtue of the Regulations) be
transferred by means of CREST.
		
	 “Underwritten Shares”
	  	means the New Shares;

  

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	 “United States”
	  	means the United States of America or any of its territories or possessions, including the District of Columbia;
		
	 “US Investor Letter”
	  	means the letter to be sent to QIBs in the United States pursuant to Clause 5 in the form initialled by or on behalf of the Company and the Bank for the purpose of identification only and
marked “I”;
		
	 “VAT”
	  	means value added tax imposed under EC Directive 77/388/EEC, the Value Added Tax Act 1994 or any regulations promulgated thereunder or any similar sales or turnover tax or levy imposed in any
jurisdiction;
		
	 “Warranties”
	  	means the representations, warranties and undertakings contained in Schedule 3;
		
	 “Working Capital Estimates”
	  	means the working capital estimates prepared by the Company for the Group and the Enlarged Group, for the 18 month period following the Posting Date in a form satisfactory to the Bank and
Goodbody; and
		
	 “Working Capital Reports”
	  	means the working capital review reports prepared by the Company’s auditors.

  

	1.2	In this Agreement unless otherwise specified: 

  

	 	(A)	references to clauses, sub-clauses and schedules are to clauses, sub-clauses of, and schedules to, this Agreement; 

  

	 	(B)	words and expressions defined in the Companies Act shall bear the same meaning; 

  

	 	(C)	a reference to any statute or statutory provision shall be construed as a reference to the same as it may have been, or may from time to time be, amended, modified or re-enacted and
includes any subordinate legislation made from time to time under that statute or provision; 

  

	 	(D)	references to times of the day are to London time; 

  

	 	(E)	headings to clauses and schedules are for convenience only and do not affect the interpretation of this Agreement; 

  

	 	(F)	the phrase “to the best of his or their knowledge and belief” or “so far as aware” or any similar or analogous expression shall be deemed to include a further
statement that the person in question has made reasonable enquiry; 

  

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	 	(G)	references to an offer or sale of securities means such an offer or sale for US securities law purposes; and 

  

	 	(H)	“finally judicially determined” means, where a dispute has arisen under the terms of this Agreement which is to be resolved in accordance with the provisions of Clause
20, circumstances where: 

  

	 	(i)	a court of competent jurisdiction in accordance with Clause 20 has delivered a final, conclusive and binding judgment upon the merits of the relevant dispute brought in
accordance with Clause 20 to the parties to this Agreement or, as the case may be, their respective successors to or assignees of the rights under this Agreement, which makes the matter res judicata in that court; and

  

	 	(ii)	following the judgment referred to in (i) above taking effect, neither party (or, as the case may be, their respective successors to or assignees of the rights under this
Agreement) either: 

  

	 	(a)	makes an application for permission to appeal; or 

  

	 	(b)	elects to appeal as of right 

  

	 	 	the decision of the court of competent jurisdiction within the time limits specified from time to time by the procedural rules of the court of competent jurisdiction for any such
application or election. 

  

	1.3	The documents referred to in this Agreement marked: 

  

			
	 “A”
	  	(the Circular);
		
	 “B”
	  	(the Initial Transfer Agreement);
		
	 “C”
	  	(the Option Agreement);
		
	 “D”
	  	(the Press Announcement);
		
	 “E”
	  	(the Prospectus);
		
	 “F”
	  	(the Provisional Allotment Letter);
		
	 “G”
	  	(the Roadshow Materials);
		
	 “H”
	  	(the Rump Transfer Agreement);
		
	 “I”
	  	(the US Investor Letter);
		
	 “J”
	  	(the Receiving Agent Agreement);

  

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	 	may, subject to Clauses 3.9 and 3.10, be amended by agreement between the Company and the Bank and, in the case of the Initial Transfer Agreement, the Option
Agreement, the Receiving Agent Agreement and the Circular, Goodbody (such agreement not to be unreasonably withheld or delayed) and references in this Agreement to such documents shall, where appropriate, be construed as references to such documents
as so amended. 

  

	
2.	Admission to Listing and Trading 

  

	2.1	The Company undertakes to the Bank and to Goodbody that it will, at its own expense and as soon as possible: 

  

	 	(A)	make an application to the UK Listing Authority and Irish Stock Exchange for formal approval of the Circular; 

  

	 	(B)	make an application to the UK Listing Authority for formal approval of the Prospectus and for a Certificate of Approval; 

  

	 	(C)	make an application to the UK Listing Authority for permission to be granted for the admission of the New Shares to the Official List; 

  

	 	(D)	supply to the UK Listing Authority all the documents required to be included in the application for such admission; 

  

	 	(E)	make an application to the London Stock Exchange for permission to be granted for the admission of the New Shares to trading on the London Stock Exchange in accordance with the
Standards; 

  

	 	(F)	make an application to the Irish Stock Exchange for permission to be granted for the admission of the New Shares to the Official List and to trading on the Irish Stock Exchange; and

  

	 	(G)	supply to the London Stock Exchange and Irish Stock Exchange respectively all the documents required by the Listing Rules to be included in the applications for such permission and
admission. 

  

	2.2	The Company will use its reasonable endeavours to: 

  

	 	(A)	obtain the relevant approvals referred to in Clause 2.1(A) and Clause 2.1(B) by not later than the Posting Date; 

  

	 	(B)	obtain the permissions referred to in Clause 2.1(C), Clause 2.1(E) and Clause 2.1(F) (subject only to the provisional allotment of the New Shares) by not later
than the EGM Date; 

  

	 	(C)	procure that the admission of the New Shares to the Official List of the UK Listing Authority becomes effective in accordance with paragraph 3.2.7 of the UK Listing Rules and
the admission of the New Shares to trading becomes effective in accordance with paragraph 2.1 of the Standards by not later than 8.30 a.m. on the first Dealing Day after the EGM Date; and 

  

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	 	(D)	procure that the admission of the New Shares to the Official List of the Irish Stock Exchange and to trading on the main market for listed securities of the Irish Stock Exchange
becomes effective by no later than 8.30 a.m. on the first Dealing Day after the EGM Date. 

  

	 	The Company will supply all such information, give all such undertakings, execute all such documents, pay all such fees and do or procure to be done all such things as may be
necessary or required (a) by the UK Listing Authority, the London Stock Exchange or the Irish Stock Exchange for the purpose of obtaining such approval, permissions and admission; and (b) to comply with the Listing Rules, the Prospectus
Rules, the Irish Regulations, the Disclosure Rules, the Standards, FSMA, Irish Market Abuse Law and the Companies Act. 

  

	
3.	Obligations of the Company 

  

	3.1	The Company shall: 

  

	 	(A)	procure that forthwith, and in any event by not later than 8.30 a.m. on the date of this Agreement, the Press Announcement is released to a Regulatory Information Service (outside
the United States); 

  

	 	(B)	use its reasonable endeavours to procure the fulfilment of the condition set out in Clause 4.1(I); and 

  

	 	(C)	subject to the allotment of the New Shares pursuant to Clause 6.1, procure that there are delivered to the Bank and Goodbody the document referred to in Part V of
Schedule 1 as provided therein. 

  

	3.2	The Company undertakes to the Bank and Goodbody that at its own expense: 

  

	 	(A)	it shall make application to CREST for the Nil-paid Rights and Fully-paid Rights to be admitted as participating securities within CREST as soon as practicable after the date
hereof; 

  

	 	(B)	it will use all reasonable endeavours to secure the admission of the Nil-paid Rights and Fully-paid Rights as participating securities within CREST and upon the conditions for such
admission being satisfied will provide the Bank and Goodbody with the letters referred to in Part III of Schedule 1, 

  

	 	without prejudice to the Company’s right at any time to withdraw from CREST as participating securities any Nil-paid Rights or Fully-paid Rights or any other Ordinary Shares
and to maintain any of its securities in certificated form only. 

  

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	3.3	Subject to the prior receipt from the UK Listing Authority and Irish Stock Exchange of formal approval of the Circular and to the prior receipt from the UK Listing Authority of
formal approval of the Prospectus and a Certificate of Approval, the Company shall procure that: 

  

	 	(A)	copies of the Prospectus, together with the documents incorporated by reference, are made available by or on behalf of the Company in accordance with the UK Listing Rules and that a
copy of the Prospectus and a Certificate of Approval is delivered to the Irish Authority; 

  

	 	(B)	the Circular and a Form of Proxy are posted to all shareholders in the Company entitled thereto on the Posting Date; 

  

	 	(C)	the Prospectus is posted, subject to Clause 5, on the Posting Date to all Ordinary Shareholders entitled to be sent a copy of the Prospectus; 

  

	 	(D)	subject to the provisional allotments of the New Shares having been made subject to and in accordance with Clause 6.1, Provisional Allotment Letters are posted on the
EGM Date, subject to Clause 5, to all Qualifying Non-CREST Holders recording the respective entitlements of each such Qualifying Non-CREST Holder to acquire New Shares; 

  

	 	(E)	subject to the provisional allotments of the New Shares having been made subject to and in accordance with Clause 6.1 and to the Nil-paid Rights having been admitted as
participating securities and enabled for settlement within CREST, subject to Clause 5, the Nil-paid Rights of Qualifying CREST Holders are credited to their respective Stock Accounts on the Dealing Day immediately following the EGM Date;

  

	 	(F)	subject to the Nil-paid Rights and Fully-paid Rights having been admitted as participating securities and enabled for settlement within CREST, the arrangements set out in Part V of
the Prospectus are so far as lies within the powers of the Company given effect; and 

  

	 	(G)	the relevant announcements referred to in paragraph 9.6.3 of the UK Listing Rules and paragraph 6.6.3 of the Irish Listing Rules shall be lodged with a Regulatory Information
Service as required by such paragraph. 

  

	3.4	The Company shall give such assistance and provide such information as the Bank and Goodbody may reasonably require for the making and implementation of the Rights Issue and will do
(or procure to be done) such things and execute (or procure to be executed) such documents as may be necessary to be done or executed by the Company or by its officers or employees in connection therewith. 

  

	3.5	The Company confirms its appointment of (a) MSIL as sponsor and financial adviser in connection with the application for Admission and the Rights Issue and (b) MS and GCF
as joint sponsors and financial advisers for the purposes of the Circular, and MSIL, MS and GCF confirm their respective acceptance of such appointment. 

  

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	3.6	The appointment under Clause 3.5 confers on the Bank and Goodbody all powers, authorities and discretions which are necessary for, or reasonably incidental to, the performance of
its functions as sponsor (including, without limitation, the power to appoint other members of the Bank Group or the Goodbody Group as its agents or to delegate the exercise of any of their powers, authorities or discretions to such members of the
Bank Group or the Goodbody Group as they see fit). The Bank and Goodbody may take all such actions which they reasonably consider necessary for or incidental to the performance of their responsibilities under the Listing Rules in their capacity as
sponsors and the Company agrees to ratify and confirm all actions which the Bank or Goodbody (or their respective agents or delegates) lawfully so take. 

  

	3.7	The Company hereby appoints MSSL and GS as underwriters in the Due Proportions for the purpose of the Rights Issue on and subject to the terms of this Agreement and MSSL and GS
hereby accept such appointment. 

  

	3.8	The Company hereby confirms that the appointment of MSSL and GS as underwriters in the Due Proportions under the terms of this Agreement confers on each of MSSL and GS all powers,
authorities and discretions on behalf of the Company which are necessary for, or incidental to, co-ordinating and underwriting the Rights Issue (including, without limitation, the power to appoint other members of the Bank Group or, as the case may
be, of the Goodbody Group as its agents or to delegate the exercise of any of their powers, authorities or discretions to such members of the Bank Group or, as the case may be, of the Goodbody Group as they see fit) and hereby agrees to ratify and
confirm everything which MSSL or GS (or their respective agents or delegates) shall lawfully do in the exercise of such appointment, powers, authorities and discretions upon and subject to the terms and conditions set out in this Agreement.

  

	3.9	The Company shall notify the Bank forthwith of any matter referred to in Section 87G FSMA which arises between the time that the Prospectus is formally approved by the UK
Listing Authority and 11.00 a.m. on the Acceptance Date and, without prejudice to Clause 13, shall: 

  

	 	(A)	promptly prepare and, through the Bank, deliver to the UK Listing Authority for approval a Supplementary Prospectus which shall be in a form agreed upon by the Bank and the Company
and approved or authorised by the UK Listing Authority; 

  

	 	(B)	otherwise comply with paragraphs 3.1, 3.2 and 3.4 of the Prospectus Rules; and 

  

	 	(C)	ensure that every matter referred to in Section 87G of FSMA which arises between the time the Prospectus is formally approved by the UK Listing Authority and 11.00 a.m. on the
Acceptance Date shall be dealt with in accordance with Section 87G FSMA and the UK Listing Rules. 

  

	3.10	The Company shall notify the Bank forthwith of any matter or circumstance which arises between the date of this Agreement and the time of publication of the Prospectus or if any
event shall occur or condition exist as a result of which it is necessary to amend or supplement the Prospectus in order that the Prospectus will not contain an untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein not misleading or in order to comply with the Regulations, the European Regulations, the 

  

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	 	Companies Act, FSMA, the Listing Rules, the Prospectus Rules, the Irish Regulations, and all other statutes and governmental and regulatory authority regulations applicable to the
Rights Issue (in each case in force and as applicable at that time) and, without prejudice to Clause 13, shall promptly prepare a revised version of the Prospectus which shall be in a form agreed upon by the Bank and the Company. The Company
shall not otherwise amend or supplement the Prospectus in the agreed form without the consent of the Bank (such consent not to be unreasonably withheld or delayed and shall not be given without first consulting with Goodbody), other than to correct
clerical or other administrative errors. 

  

	3.11	The Company (on behalf of itself and each of its affiliates (as defined in Rule 501(b) under the Securities Act)) undertakes and agrees that neither it nor any person acting on its
behalf (i) will make, directly or indirectly, offers or sales of any security, or solicit offers to buy, or otherwise negotiate in respect of, any security, under circumstances that would require the registration of the Nil-paid Rights, the
Fully-paid Rights or the New Shares under the Securities Act, or (ii) will engage in any form of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection with any offer or sale of
Nil-paid Rights, Fully-paid Rights or New Shares in the United States. 

  

	3.12	The Company (on behalf of itself and each of its affiliates (as defined in Rule 405 under the Securities Act)) undertakes and agrees that neither it nor any person acting on its
behalf will engage in any “directed selling efforts” (as defined in Regulation S under the Securities Act) with respect to the Nil-paid Rights, the Fully-paid Rights or the New Shares. 

  

	3.13	For so long as any Nil-paid Rights, Fully-paid Rights or New Shares are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, the Company
will, during any period in which it is neither subject to Section 13 or 15(d) of the Exchange Act nor exempt from reporting pursuant to Rule 12g3-2(b) thereunder, provide to any holder or beneficial owner of such restricted securities or to any
prospective purchaser of such restricted securities designated by such holder or beneficial owner, upon the request of such holder, beneficial owner or prospective purchaser, such information as may be required to be provided by Rule 144A(d)(4)
under the Securities Act. 

  

	3.14	For so long as the Nil-paid Rights, the Fully-paid Rights or the New Shares are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, the
Company will not become an “open-ended investment company”, “unit investment trust” or “face-amount certificate company” as such terms are defined in, and that is or is required to be registered under Section 8 of,
the Investment Company Act. 

  

	3.15	The Company (on behalf of itself and each of its affiliates (as defined in Rule 405 under the Securities Act)) undertakes and agrees that neither it nor any person acting on its
behalf will take, directly or indirectly, any action designed to cause or to result in, or that has constituted or which might reasonably be expected to cause or result in, the stabilisation in violation of applicable laws or manipulation of the
price of any security of the Company to facilitate the sale or resale of the Nil-paid Rights, the Fully-paid Rights or the New Shares. 

  

	3.16	With respect to the sale of Nil-paid Rights, Fully-paid Rights and New Shares to QIBs in the United States pursuant to Clauses 7 and 8, the Company undertakes to obtain from
each QIB a US Investor Letter and deliver to MSSL and GS prior to any sale pursuant to Clauses 7 and 8, copies of each such US Investor Letter. 

  

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	3.17	The Company (on behalf of itself and each of its affiliates (as defined in Rule 501(b) under the Securities Act)) warrants, undertakes and agrees that offers and sales of Nil-paid
Rights, Fully-paid Rights and New Shares shall only be made: 

  

	 	(A)	within the United States, to QIBs who have provided a US Investor Letter to the Company, MSSL and GS in compliance with Section 4(2) of the Securities Act; and

  

	 	(B)	in offshore transactions within the meaning and meeting the requirements of Rule 903 of Regulation S. 

  

	3.18	As between the Company, MSSL and GS any amounts received by MSSL and GS in respect of the Rights Issue Price shall be received by and shall belong to MSSL and GS for their own
respective accounts as principal and in the Due Proportions and no other person shall have any rights to receive such amounts from MSSL or GS. 

  

	3.19	The undertakings and agreement of the Company in Clauses 3.11, 3.12, 3.15 and 3.17 do not apply to MSSL or GS or any other member of the Bank Group or, as the case may be, of
the Goodbody Group. 

  

	
4.	Conditions 

  

	4.1	The obligations of MSSL and GS under Clauses 7 and 8 are conditional upon: 

  

	 	(A)	the delivery to MSSL and GS of executed counterparts of the Transfer Agreements by the Company and Newco; 

  

	 	(B)	there having occurred, as at Admission, no default or breach by the Company or Newco of the terms of either of the Transfer Agreements; 

  

	 	(C)	the delivery to MSSL and GS of executed counterparts of the Option Agreement by the Company and Newco; 

  

	 	(D)	there having occurred, as at Admission, no default or breach by the Company or Newco of the terms of the Option Agreement; 

  

	 	(E)	the delivery to MSSL and GS of counterparts of the Receiving Agent Agreement duly executed by the Company and the Receiving Banker; 

  

	 	(F)	the release of the Press Announcement to a Regulatory Information Service in accordance with Clause 3.1(A); 

  

	 	(G)	the formal approval by the UK Listing Authority and the Irish Stock Exchange of the Circular and the formal approval by the UK Listing Authority of the Prospectus by not later than
the Posting Date; 

  

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	 	(H)	the passing of the Resolutions (without amendment) at the EGM on the EGM Date (and not, save with the written consent of the Bank (such consent not to be given by the Bank without
first consulting with Goodbody), at any adjournment thereof); 

  

	 	(I)	the delivery to the Bank and, as applicable, Goodbody (i) simultaneously with the execution of this Agreement, of the documents listed in Part I of Schedule 1;
and (ii) on or prior to the Posting Date of the documents listed in Part II of Schedule 1; and (iii) immediately prior to Admission of the documents listed in Part IV of Schedule 1; 

  

	 	(J)	the posting of the Circular and Forms of Proxy in accordance with Clause 3.3(B) and the posting of the Prospectus in accordance with Clause 3.3(C);

  

	 	(K)	the posting of Provisional Allotment Letters in accordance with Clause 3.3(D) and the crediting of entitlements to Nil-paid Rights in accordance with Clause
3.3(E); 

  

	 	(L)	no event referred to in Section 87G FSMA arising between the time of publication of the Prospectus and the time of Admission and no Supplementary Prospectus being published by
or on behalf of the Company before Admission; 

  

	 	(M)	Admission becoming effective by not later than 8.30 a.m. on the first Dealing Day after the EGM Date; and 

  

	 	(N)	(i) the Acquisition Agreement remaining in full force and effect and not having lapsed or been terminated prior to Admission; (ii) in the bona fide opinion of the Bank
(following consultation with Goodbody), no event having arisen at any time prior to Admission which gives any party thereunder a right to terminate the Acquisition Agreement and for this purpose it shall be assumed there is no ability to cure the
matter or event giving rise to the right to terminate the Acquisition Agreement and that there is no notice period required for termination; and (iii) the Company not having exercised its rights under Clause 13.2.

  

	4.2	The Bank and Goodbody shall be entitled, in their absolute discretion and upon such terms as they think fit, to: 

  

	 	(i)	waive, in whole or in part, fulfilment of all or any of the conditions set out in Clause 4.1 other than those set out in Clause 4.1(H) and (M); or

  

	 	(ii)	extend the time for satisfaction of any of the conditions set out in Clause 4.1, by notice in writing given to the Company. 

  

	 	In the case of the conditions in Clauses 4.1(H), (M) and (N), any extension of time of any such condition or waiver of Clause 4.1(N) requires the prior written
consent of the Company. Any reference in this Agreement to required times or dates or the equivalent shall mean any such time or date as so extended. 

  

	4.3	The obligations of the Company under Clauses 2.2(A), 2.2(C), 3.2 to 3.4, 6, 7, and 9 are conditional upon delivery to the Company of executed counterparts of the Initial
Transfer Agreement, the Rump Transfer Agreement, the Receiving Bank Agreement and the Option Agreement by MSSL and GS. 

  

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	4.4	The Company shall be entitled, in its absolute discretion, and upon such terms as it thinks fit to waive, in whole or in part, the fulfilment of all or any of the conditions
contained in Clause 4.3 or extend the time for satisfaction thereof by notice in writing given by the Company to MSSL and GS. 

  

	4.5	If the conditions referred to in Clause 4.3 are not fulfilled (or waived) on or by the required times or dates therefor, the Company shall forthwith make an announcement to
the UK Listing Authority and the Irish Stock Exchange to that effect and this Agreement shall, subject to Clause 13.3, ipso facto cease and terminate at such required time or date. 

  

	4.6	Subject to Clause 4.7, if the conditions referred to in Clause 4.1 are not fulfilled (or waived by both the Bank and Goodbody) on or by the required times or dates
therefor (or any extensions of time agreed to by both the Bank and Goodbody), this Agreement shall, subject to Clause 13.3, ipso facto cease and terminate at such required time or date, and the Company shall forthwith make an announcement to
the UK Listing Authority and the Irish Stock Exchange to that effect. 

  

	4.7	If the conditions referred to in Clause 4.1 are not fulfilled (or waived by both the Bank and Goodbody) on or by the required times or dates therefor (or any extensions of
time agreed to by both the Bank and Goodbody), the Bank or Goodbody may, by giving written notice to the Company and Goodbody (in the case of notice given by the Bank) or to the Company and the Bank (in the case of notice given by Goodbody), elect
to either waive or grant an extension of time for satisfaction of the remaining unfulfilled conditions (as the case may be) in which case: 

  

	 	(A)	the Continuing Party shall underwrite the Rights Issue in whole and from the date of the notice and the provisions of this Agreement shall be interpreted accordingly such that
references to the Bank (where Goodbody has given notice under this Clause 4.7) shall be to Goodbody and references to Goodbody (where the Bank has given notice under this Clause 4.7) shall be to the Bank, as the case may be;

  

	 	(B)	save for the matters described in Clause 13.3(A) to 13.3(C), the Non-Continuing Party shall from the date of the notice have no further rights or obligations under this
Agreement; 

  

	 	(C)	the Non-Continuing Party will not be entitled to any commissions under Clause 11.1; and 

  

	 	(D)	if the conditions referred to in Clause 4.1 are not fulfilled on or by the required times or dates therefor (as such times have been extended by the Continuing Party) or
waived by the Continuing Party, this Agreement shall, subject to Clause 13.2, ipso facto cease and terminate at the relevant required time or date and the Company shall forthwith make an announcement to the UK Listing Authority and the Irish
Stock Exchange to that effect. 

  

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5.	Posting of Documents to Certain Shareholders and treatment of Excluded Holders 

  

	5.1	Without prejudice to Clause 6.1, neither Provisional Allotment Letters nor the Prospectus nor any other document (except for the Circular and the Form of Proxy) relating to
the Rights Issue will be sent by the Company to Qualifying Holders whose addresses appear on the register of members of the Company as being in the United States (other than QIBs). 

  

	5.2	Notwithstanding anything to the contrary in Clause 3.3 and 5.1, following prior consultation with MSSL and GS, Provisional Allotment Letters and/or the Prospectus may be sent
to Qualifying Holders: 

  

	 	5.2.1	who are QIBs in the United States and who have provided a US Investor Letter to the Company, MSSL and GS in compliance with Section 4(2) of the Securities Act; or

  

	 	5.2.2	with an address in the United States if such Qualifying Holders can provide evidence satisfactory to the Company that they are able properly and lawfully to receive a copy of the
Prospectus and either receive a Provisional Allotment Letter or have their Stock Accounts credited with Nil-paid Rights, as applicable, without the contravention of any registration or other legal requirement in any jurisdiction.

  

	5.3	Nil-paid Rights shall not be credited to stock accounts of CREST Members maintained within CREST by Qualifying Holders whose addresses appear on the register of members of the
Company as being in the United States (other than to QIBs who have provided a US Investor Letter to the Company, MSSL and GS in compliance with Section 4(2) of the Securities Act), unless such Qualifying Holder can provide evidence satisfactory
to the Company that they are able properly and lawfully to have their Stock Accounts credited with their entitlements to Nil-paid Rights without the contravention of any registration or other legal requirement in any jurisdiction.

  

	5.4	MSSL and GS each acknowledges and agrees that the Nil-paid Rights, the Fully-Paid Rights and the New Shares have not been and will not be registered under the Securities Act and may
not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. MSSL and GS each severally (and not jointly or jointly and severally)
represents and agrees that neither it nor any affiliate, nor any person acting on its behalf has offered or sold and will not offer or sell any Nil-paid Rights, Fully-paid Rights or New Shares within the United States except in accordance with Rule
903 of Regulation S or to QIBs pursuant to an exemption from the registration requirements of the Securities Act. Accordingly, MSSL and GS each severally (and not jointly or jointly and severally) warrants, undertakes and agrees that:

  

	 	5.4.1	neither it, nor any affiliate (as defined in Rule 501(b) under the Securities Act), nor any person acting on its behalf has engaged or will engage in any form of general
solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection with any offer or sale of Nil-paid Rights, Fully-paid Rights or New Shares in the United States; and 

  

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	 	5.4.2	neither it, nor any affiliate (as defined in Rule 405 under the Securities Act) nor any person acting on its behalf has engaged or will engage in any “directed selling
efforts” (as defined in Regulation S under the Securities Act) with respect to the Nil-paid Rights, the Fully-paid Rights or the New Shares. 

  

	5.5	MSSL and GS each severally (and not jointly or jointly and severally) represents that it has not entered into and agrees that it will not enter into any contractual arrangement with
any distributor (as that term is defined in Regulation S under the Securities Act) with respect to the distribution or delivery of the Nil-paid Rights, the Fully-paid Rights or the New Shares, except with its affiliates or with the prior written
consent of the Company. 

  

	5.6	The Prospectus, explaining the procedures of the Rights Issue applicable to Qualifying CREST Holders, will be sent to Ordinary Shareholders whose Ordinary Shares are in
uncertificated form and who are entitled to be sent a copy of the Prospectus excepting those who by virtue of the previous provisions of this Clause 5 are not to be sent copies of the Prospectus, and if the Nil-paid Rights have been admitted
as participating securities and enabled for settlement within CREST by the EGM Date no Provisional Allotment Letters will be sent to Qualifying CREST Holders and their entitlements to Nil-paid Rights will be credited to their respective Stock
Accounts pursuant to Clause 3.3(E). 

  

	
6.	Allotment 

  

	6.1	Subject to: 

  

	 	(A)	the formal approval by the UK Listing Authority of the Prospectus by not later than the Posting Date; 

  

	 	(B)	the UK Listing Authority and the Irish Stock Exchange both having granted permission for the New Shares to be admitted to the respective Official Lists and the London Stock Exchange
and Irish Stock Exchange having granted permission for the New Shares to be admitted to trading (subject only to the passing of the Resolution and the provisional allotment of the New Shares); and 

  

	 	(C)	the passing of the Resolutions (without amendment) at the EGM on the EGM Date (and not, save with the written consent of the Bank (such consent not to be given by the Bank without
first consulting with Goodbody), at any adjournment thereof), 

  

	 	the New Shares will be provisionally allotted on the EGM Date to all Qualifying Holders (including, for the avoidance of doubt, Excluded Holders) in such proportion of New Shares to
Ordinary Shares held at the close of business on the Record Date such that the gross proceeds from the Rights Issue are as near as may be equal to, but not less than, €420 million, pursuant to a resolution of the Board of Directors (or a duly
authorised Committee of such Board) and in accordance with Clause 6.2. 

  

	6.2	 The provisional allotment of the New Shares referred to in Clause 6.1 will be made upon the terms and subject to the conditions set out in the
Prospectus and, in the case of New Shares in certificated form, the Provisional Allotment Letter and on the basis referred to in Clause 6.5 for 

  

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acceptance and payment (as set out in the Prospectus and, in the case of New Shares in certificated form, the Provisional Allotment Letter) to MSSL and GS in
the Due Proportions by not later than 11.00 a.m. on the Acceptance Date and will be expressed to be subject to Admission becoming effective by not later than 8.30 a.m. on the first Dealing Day after the EGM Date (or such later time and/or date as
the Company and the Bank (following consultation with Goodbody) may agree). Fractions of New Shares shall not be provisionally allotted to Qualifying Holders, holdings of Ordinary Shares in certificated and uncertificated form will be treated as
separate holdings for the purpose of calculating entitlements and entitlements will be rounded down to the nearest whole number of New Shares. All such fractions will be aggregated and the resultant aggregate number of New Shares will be dealt with
in accordance with Clauses 7.1, 7.2, 7.5 and 8. New Shares attributable to Excluded Holders which are not taken up will be dealt with in accordance with Clauses 7.5, 7.6 and 8. 

  

	6.3	Subject to: 

  

	 	(A)	the provisional allotments of the New Shares referred to in Clause 6.1 having been made; and 

  

	 	(B)	Admission having become effective as referred to in Clause 6.1, 

  

	 	(i) the provisional allotments of the New Shares held in uncertificated form which have been taken up will be confirmed pursuant to a resolution of the Board of Directors (or a duly
authorised Committee of such Board) by not later than 5.00 pm on the Acceptance Date; and (ii) the provisional allotments of the New Shares which have not been taken up or are deemed not to have been taken up will lapse and be cancelled and new
allotments thereof made in favour of the persons who, pursuant to Clauses 7.5 and/or 8, are acquiring such New Shares and the provisional allotments of the New Shares held in certificated form which have been taken up will be
confirmed pursuant to a resolution of the Board of Directors (or a duly authorised Committee of such Board) in each case by not later than the fifth Dealing Day after the Acceptance Date. 

  

	6.4	If a Supplementary Prospectus is issued by the Company two or less days prior to the date specified in the Prospectus as the Acceptance Date (or such later date as may be agreed
between the parties), the parties agree that the Acceptance Date shall be extended to the date which is three Business days after the date of issue of the Supplementary Prospectus and all dates in this Agreement referable to the Acceptance Date
shall also be extended mutatis mutandis. 

  

	6.5	The New Shares will be allotted on terms that, when fully paid, they are free of any Adverse Interests and that they will rank pari passu in all respects with the existing issued
Ordinary Shares. 

  

	6.6	The parties agree that if the Rights Issue Price exceeds the Floor Rights Issue Price the definitions of New Shares, Rights Issue, Resolution and Underwritten Shares in this
Agreement shall be amended to reflect a lower total number of new Ordinary Shares to be issued and allotted in connection with the Rights Issue at the Rights Issue Price such that the gross proceeds from the Rights Issue are as near as may be equal
to, but not less than, €420 million. 

  

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7.	Acquisitions of New Shares 

  

	7.1	By not later than 5.00 p.m. on the Dealing Day prior to the EGM Date the Company will (or will procure that the Receiving Banker will) notify MSSL in writing of the number of New
Shares which represents the aggregate of fractional entitlements arising in respect of the Rights Issue. As soon as practicable after Admission, but before 11.00 a.m. on the Acceptance Date, MSSL will, as agent of the Company, use its reasonable
endeavours to procure one or more acquirers for so many of the Nil-paid Rights in respect of such New Shares as can be sold nil paid at a premium net of expenses (such expenses to include, without limitation, any related Irrecoverable VAT paid by
the Bank). MSSL will receive the net proceeds of any acquisitions pursuant to this Clause 7.1 as principal. As soon as reasonably practicable thereafter MSSL will inform the Company and the Receiving Banker of the number of Nil-paid Rights to
be issued to acquirers so procured (and whether in certificated or uncertificated form). The Company agrees to deliver to such acquirers (or their nominees) (as directed by MSSL) nil paid Provisional Allotment Letters in respect of such Nil-paid
Rights as have been acquired in such names and denominations as MSSL may require (in accordance with the instructions of the acquirers) or, in the case of such Nil-paid Rights which the Bank shall have requested (in accordance with the instructions
of the acquirers) the Company to credit to any Stock Account, to give confirmation that the same have been credited to the respective Stock Account(s) designated by MSSL. If any of the rights to such New Shares are not so acquired by 11.00 a.m. on
the Acceptance Date, such New Shares will be dealt with as (to the extent relevant) New Shares not taken up in accordance with Clauses 7.5 and 8. 

  

	7.2	If, by 11.00 a.m. on the Acceptance Date, all of the Underwritten Shares shall have been taken up, or are treated as having been taken up by such time pursuant to the provisions of
Clause 7.3, MSSL’s and GS’s respective obligations under Clauses 7.5 and 8 shall thereupon terminate. 

  

	7.3	Subject to Clause 7.4, Underwritten Shares are treated for the purposes of this Agreement and referred to as having been “taken up” if: 

  

	 	(A)	the Underwritten Shares are comprised in Provisional Allotment Letters and: 

  

	 	(i)	the Provisional Allotment Letters have, by 11.00 a.m. on the Acceptance Date, been lodged for acceptance (whether by the person to whom they were provisionally allotted or by
renouncees of the right to accept allotment) in accordance with the terms of the Prospectus and the Provisional Allotment Letter, accompanied by cheques or other remittances for the full amount payable in respect of such Underwritten Shares (whether
or not such cheques or other remittances shall be honoured); or 

  

	 	(ii)	 at the discretion of the Company and MSSL and GS, a cheque or other remittance for the full amount payable in respect of the Underwritten Shares (whether or not
such cheque or other remittance shall be honoured) is 

  

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received prior to 11.00 a.m. on the Acceptance Date from an authorised person (as defined in FSMA) identifying the Underwritten Shares concerned and
undertaking to lodge the relevant Provisional Allotment Letter duly completed in due course; or 

  

	 	(B)	the entitlement to New Shares is in uncertificated form, and 

  

	 	(i)	the relevant MTM instruction, containing the information required by the Circular, settles by 11.00 a.m. on the Acceptance Date; or 

  

	 	(ii)	at the discretion of the Company and MSSL and GS (a) the relevant MTM instruction, containing the information required by the Prospectus, is received (as described in the
Prospectus) by CREST by 11.00 a.m. on the Acceptance Date, (b) a number of Underwritten Shares (in nil paid form) at least equal to the number inserted in the MTM instruction is credited to the member account of the relevant CREST member
specified in the MTM instruction at 11.00 a.m. on the Acceptance Date and (c) the relevant MTM instruction settles by 1.00 p.m. (or such later time as the Company has determined) on the Acceptance Date. 

  

	7.4	Notwithstanding Clause 7.3, Underwritten Shares shall be deemed not to have been taken up where: 

  

	 	(i)	they are comprised in a Provisional Allotment Letter which has been lodged for acceptance; or 

  

	 	(ii)	they are the subject of an MTM instruction, 

  

	 	if by 8.00 a.m. on the first Dealing Day after the Acceptance Date the Company has notified MSSL and GS that: (a) it is, with the consent of MSSL and GS (such consent not to be
unreasonably withheld or delayed), rejecting such Provisional Allotment Letter or (as the case may be) not permitting the relevant MTM instruction to proceed to settlement on the grounds that, verification of the identity of the applicant having
been required and a reasonable period having elapsed, the Receiving Banker has advised the Company that, in accordance with the Money Laundering Regulations 1993, it is unable to process such Provisional Allotment Letter or (as the case may be) to
permit the relevant MTM instruction to proceed to settlement; (b) the relevant payment has failed; or (c) the relevant acceptance has been withdrawn pursuant to section 87Q4 of FSMA. 

  

	7.5	 As soon as practicable after 11.00 a.m. on the Acceptance Date and by not later than 8.00 a.m. on the first Dealing Day after the Acceptance Date, the Company will
(or will procure that the Receiving Banker will) notify MSSL and GS in writing of the number of Underwritten Shares which have not been taken up. MSSL and GS agree severally (and not jointly or jointly and severally), as agents of the Company, to
use reasonable endeavours to procure one or more persons to acquire such Underwritten Shares (or as many as can be so procured) upon the terms (in so far as the same are applicable) of the Prospectus and, where relevant, the Provisional Allotment
Letter as soon as reasonably practicable and in any event by not later 

  

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than 11.00 a.m. on the fifth Dealing Day after the Acceptance Date if a premium over the total of the Rights Issue Price and expenses of procurement (such
expenses to include, without limitation, any related commissions and any related Irrecoverable VAT paid by the Bank) can be obtained provided that MSSL and GS may, at any time after 11.00 a.m. on the Acceptance Date, decide no longer to endeavour to
procure any such persons if, in their opinion, it is unlikely that any such persons can be so procured at such a premium by such time. Neither MSSL nor GS shall be under any obligation to endeavour to procure any such persons save as expressly set
out in this Agreement. The Company shall deliver to such acquirers (or their nominees) (as directed by MSSL and GS) duly receipted fully paid Provisional Allotment Letters in respect of the New Shares for which a person or persons to acquire is
procured pursuant to this Clause 7.5 in such names and denominations as MSSL and GS may require (in accordance with the instructions of the acquirers) or, in the case of any New Shares which MSSL or (as the case may be) GS shall have
requested the Company to credit to any Stock Account, confirmation that the same have been credited in fully paid form to the respective Stock Account(s) designated by MSSL or (as the case may be) GS (in accordance with the instructions of the
acquirers). MSSL and GS will receive the net proceeds over the Rights Issue Price (minus any commissions and expenses) of any such acquisitions (save to the extent that any individual Qualifying Holder would, as a result, be entitled to an amount of
less than £5.00, which sums shall belong to MSSL and GS as principals in the Due Proportions) as agent for the non-accepting Qualifying Holders and procure that such sums are paid to the Receiving Banker by not later than 12.00 p.m. on the
seventh Dealing Day after the Acceptance Date. 

  

	7.6	The Company will procure that the Receiving Banker pays an amount equal to the excess of the net proceeds over the Rights Issue Price (less expenses, including any related
Irrecoverable VAT) received by the Receiving Banker pursuant to Clause 7.5 to the non-accepting Qualifying Holders to whom the relevant New Shares were provisionally allotted pro rata to their lapsed provisional entitlements as soon as
practicable after receipt (other than those whose individual amounts would have been less than £5.00). Any such payment by the Receiving Banker shall, in the case of a payment to a non-accepting Qualifying Holder holding Ordinary Shares in
certificated form, be satisfied by a cheque for the amount due being sent to the non-accepting Qualifying Holder and, in the case of a payment to a non-accepting Qualifying Holder holding Ordinary Shares in uncertificated form, shall be satisfied by
the Receiving Banker procuring the creation of an assured payment obligation in favour of the relevant CREST member’s payment bank in respect of the cash amount concerned in accordance with the CREST assured payment arrangements.

  

	7.7	The Company shall procure registration of the persons entitled thereto as the holders of the New Shares (without charging any registration fee). The Company shall procure that
definitive share certificates in respect of the New Shares will be prepared and delivered or posted to persons entitled thereto in accordance with the procedures and timescales set out in the Prospectus (or such later date as MSSL and GS may agree).
In relation to Fully-paid Rights in uncertificated form, the Company shall procure that the corresponding New Shares are credited to the relevant Stock Accounts (without charging any registration fee) not later than the time specified in the
Prospectus (or such later time as the Bank and Goodbody may agree). 

  

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	7.8	The Company confirms to the Bank and Goodbody that any information which the Bank or Goodbody may obtain as to whether or not persons have been procured to take up any Underwritten
Shares which have not been taken up and for which persons to take up are not procured pursuant to Clause 7.5 or, if any such persons have been so procured, as to the identities of any such persons, is information obtained by the Bank and
Goodbody in their capacity as underwriters and not as financial adviser to the Company. Accordingly (and notwithstanding any relationship which the Bank or Goodbody may have with the Company as financial adviser), the Bank and Goodbody shall be
under no obligation to disclose to the Company any of such information. 

  

	7.9	Any transactions carried out, effected or arranged by MSSL and GS pursuant to this Clause 7 will constitute transactions carried out at the Company’s request. MSSL
and GS shall, however, be entitled to receive and/or retain and/or allow their agents to receive and/or retain any commission or brokerages paid to them or their agents in connection with the implementation of any such transactions and shall not be
under any liability to account for any benefit or advantage derived from such transactions by them or any company connected with them. To the fullest extent permitted by law and regulation, neither MSSL nor GS is to be responsible, whether to the
Company, any Qualifying Holder or any other shareholder or otherwise, for any loss or damage to any person arising from any such transactions or for any insufficiency or alleged insufficiency of any dealing price at which any rights to New Shares
may be sold or persons to take up for New Shares may be procured by it or for the timing of any such sale or taking up or any failure to procure any sale or taking up or any decision not to seek any acquirers. 

  

	
8.	Underwriting 

  

	8.1	MSSL and GS shall, as agents of the Company, procure persons to acquire, or to the extent such persons are not procured themselves as principals acquire in the Due Proportions, on
the terms and subject to the conditions and on the basis of the information contained in the Prospectus, any Supplementary Prospectus and the Provisional Allotment Letter (other than as to the time and method of acceptance and payment) the
Underwritten Shares (if any) notified to them in accordance with Clause 7.5 as not taken up and for which acquirers are not procured pursuant to Clause 7.5 and such of the New Shares (if any) as are treated as not taken up
pursuant to Clause 7.1. In default of either MSSL or GS so doing in respect of its Due Proportion of any such Underwritten Shares, the Company is hereby irrevocably authorised to treat this Agreement as an application by MSSL or (as the case
may be) GS on the terms and subject to the conditions and on the basis of the information contained in the Prospectus, any Supplementary Prospectus and, where relevant, the Provisional Allotment Letter (other than as to the time and method of
acceptance and payment) for the relevant Due Proportion of such Underwritten Shares and to allot and issue the same to MSSL or (as the case may be) GS on such terms and conditions. 

  

	8.2	 Neither MSSL nor GS shall have any right to allotment, right to acquire or any other interest in or rights in respect of the New Shares, except in circumstances
where and to the extent that MSSL and GS have failed to procure persons pursuant to Clauses 7.5, or 8.1 to take up the Underwritten Shares not taken up or deemed not to be taken up and MSSL and GS have committed themselves in the Due
Proportions to acquire such shares pursuant to Clause 8.1. 

  

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To the extent that any member of the Bank Group or the Goodbody Group has any Nil-paid Rights or New Shares credited to a Stock Account of the Bank or
Goodbody (as the case may be) pursuant to this Agreement, except where MSSL or GS act as principal, it shall hold the Nil-paid Rights or New Shares as nominee for the relevant acquirers. For the avoidance of doubt, nothing in this paragraph shall
affect either MSSL’s or GS’s rights to the extent that it is a Qualifying Holder. 

  

	
9.	Announcements and other obligations 

  

	9.1	The Company will not, and will use all reasonable endeavours to procure that no other member of the Group will, between the date of this Agreement and the date which is 90 days
after the Acceptance Date (inclusive) enter into any commitment or agreement, or put itself in a position where it is obliged to announce that any commitment or agreement may be entered into, which is or may be material in the context of the Rights
Issue and/or the Acquisition or the underwriting of the Underwritten Shares or issue any shares or options over shares or any securities convertible into or exchangeable for, or that represent the right to receive, shares or do anything with the
same or substantially the same economic effect as any of the foregoing (including, without limitation, a derivatives transaction) (other than pursuant to and in accordance with entitlements described in the Prospectus or pursuant to this Agreement)
or enter into any agreement or undertaking to do the same without in any such case the prior written consent of the Bank, such consent not to be unreasonably withheld or delayed (and shall not be given by the Bank without first consulting with
Goodbody). 

  

	9.2	The Company undertakes that, save for the release of the Press Announcement and the posting of the Prospectus, the Circular, the Form of Proxy and Provisional Allotment Letters in
accordance with the terms of this Agreement, no: 

  

	 	(A)	public announcement or communication concerning any member of the Group which is or may be material in the context of the Rights Issue and/or the Acquisition or the underwriting of
the Underwritten Shares or which otherwise relates to any matters contemplated by this Agreement; 

  

	 	(B)	notice, bill, poster or document announcing the publication or despatch of the Prospectus, the Circular or the Provisional Allotment Letters or the issue of the New Shares and
indicating the essential characteristics of the New Shares; or 

  

	 	(C)	document relating to Admission, 

  

	 	will be published, made or despatched by or on behalf of any member of the Group between the date hereof and the date which is 90 days after the Acceptance Date (inclusive) without
the prior written consent of the Bank (such consent not to be given by the Bank without first consulting with Goodbody). The Bank shall not unreasonably withhold or delay such consent in circumstances where such publication is required by law or any
regulatory body but any such consent shall be without prejudice to the rights of the Bank under or in relation to this Agreement, including the right of the Bank to treat this Agreement as terminated by reason of a non-fulfilment of condition as set
out in Clause 4.1(L) and, if any such consent is given, the Company shall comply with all reasonable requests of the Bank in relation thereto. 

  

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	9.3	The Company undertakes, for the period expiring 30 Dealing Days after completion of the Acquisition, that it will take all reasonable steps to enforce or procure the enforcement of
all of the representations, warranties, undertakings, covenants, indemnities and rights of recourse given or made to it pursuant to the Acquisition Agreement which are or may be material in the context of the Rights Issue or the underwriting of the
Underwritten Shares unless the prior written consent of the Bank has been obtained (such consent not to be unreasonably withheld or delayed and shall not be given by the Bank without first consulting with Goodbody). 

  

	9.4	The Company undertakes that it will not alter, revise or amend any of the terms or conditions of the Acquisition Agreement or waive (in whole or in part) any condition thereof or
grant any indulgence thereunder or proceed to completion thereof without full satisfaction of all of the terms and conditions of the Acquisition Agreement or in circumstances where the Company is entitled to rescind or terminate the Acquisition
Agreement, which in any such case is or may be material in the context of the Rights Issue or the underwriting of the Underwritten Shares without the prior written consent of the Bank (such consent not to be unreasonably withheld or delayed and
shall not be given by the Bank without first consulting with Goodbody). 

  

	9.5	The Company undertakes not to designate itself as, or otherwise become a “Restricted Subsidiary” under the Indentures or an “Obligor” under the Senior Credit
Facility and to procure that any amounts received by it or Newco from MSSL or GS under this Agreement or the Transfer Agreements shall, pending completion of the Acquisition and, if the Acquisition does not proceed, unless the Bank consents
otherwise (such consent not to be unreasonably withheld or delayed and shall not be given by the Bank without first consulting with Goodbody), not be transferred to such a Restricted Subsidiary or Obligor. The Company undertakes that the net
proceeds of the Rights Issue will not be used for any purpose other than those purposes described in the Prospectus unless the Bank consents otherwise (such consent not to be unreasonably withheld or delayed and shall not be given by the Bank
without first consulting with Goodbody). 

  

	
10.	Warranties 

  

	10.1	The Company represents and warrants to, and undertakes with the Bank and Goodbody that each statement set out in Part I of Schedule 3 is true and accurate at the date
of this Agreement and agrees with the Bank and Goodbody that each statement set out in Parts I and II of Schedule 3 (other that the statement in paragraph 3 of Part I insofar as it relates to the 20-F) will be true and
accurate on the Posting Date and immediately prior to Admission by reference to the facts and circumstances then existing and be treated as Warranties given and/or repeated on such dates. Warranties shall be deemed to be repeated under this clause
in relation to the relevant document, announcement or event on the basis that any reference in any such Warranty to something being done or something being the case in relation to such document, announcement or event which is expressed in the future
tense shall be regarded as being expressed in the present tense. 

  

	10.2	The Company accepts that each of the Bank and Goodbody is entering into this Agreement in reliance upon each of the Warranties. Each of the Warranties shall be construed separately
and shall not be limited or restricted by reference to or inference from the terms of any other of the Warranties or any other term of this Agreement. 

  

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	10.3	The Company will notify the Bank and Goodbody immediately if it comes to the knowledge of the Company or any of the Directors that any of the Warranties was breached or untrue or
inaccurate when made and/or that any of the Warranties is or would be breached or untrue or inaccurate if it were to be repeated by reference to the facts and circumstances or the knowledge, opinions, intentions or expectations of any of the
Directors subsisting at any time up to immediately prior to Admission. The Company will make reasonable enquiries to ascertain whether any of the Warranties was, or if so repeated would be, breached or untrue or inaccurate. 

 

	10.4	If, at any time prior to Admission, the Bank and Goodbody shall receive a notice pursuant to Clause 10.3 or otherwise become aware of any of the Warranties being or
becoming or being likely (if repeated as referred to in Clause 10.3) to become untrue or inaccurate, the Bank and Goodbody may (without prejudice to Clause 3.9 or Clause 13) require the Company, at their own expense, to make or
procure the making of such announcement or announcements and/or despatch such communication to Ordinary Shareholders as the Bank and Goodbody shall, in their absolute discretion but after consultation with the Company, consider necessary.

  

	10.5	The Warranties shall remain in full force and effect notwithstanding completion of the Rights Issue and all other matters and arrangements referred to in or contemplated by this
Agreement. 

  

	10.6	If the Bank or Goodbody has recovered from some other person who is not a party to this Agreement, where such recovery is final and not subject to appeal, any sum which compensates
the Bank or (as the case may be) Goodbody for any loss in respect of any matter giving rise to any claim (“Claim”) under the Warranties or any other provision of this Agreement (but without imposing any obligation upon the Bank or
(as the case may be) Goodbody to pursue any such recovery), then either: 

  

	 	(A)	the amount payable by the Company in respect of such Claim shall be reduced by an amount equal to the sum so recovered (less the reasonable costs and expenses of recovering it and
any tax payable or deduction or withholding in the nature of taxation suffered by the Bank or (as the case may be) Goodbody in respect of such recovery); or 

  

	 	(B)	if an amount shall already have been paid to the Bank or (as the case may be) Goodbody by the Company referred to in the preceding paragraph in respect of such Claim, there shall be
repaid to the Company an amount equal to the lesser of (a) the amount so recovered by the Bank or (as the case may be) Goodbody less the reasonable costs and expenses of its recovery and any tax payable or deduction or withholding in the nature
of taxation suffered by the Bank or (as the case may be) Goodbody in respect of such recovery and (b) such amount as has already been paid by the Company to the Bank or (as the case may be) Goodbody in respect of such Claim.

  

	10.7	Neither the Bank nor Goodbody shall be entitled to recover under the Warranties or any other provision of this Agreement more than once in respect of the same loss or to the extent
that it has already recovered any amount in respect of the same loss pursuant to any other agreement with the Company. 

  

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11.	Commissions and Expenses 

  

	11.1	In consideration of its services under this Agreement, the Company will pay to the Bank and Goodbody in the Due Proportions: 

  

	 	(A)	a commission of 1.85 per cent. of the value of the Underwritten Shares at the Rights Issue Price; 

  

	 	(B)	a commission of 0.125 per cent. of the value of the Underwritten Shares at the Rights Issue Price in respect of each period of seven days or part thereof from (and including)
the date falling 21 days after the date of this Agreement to (and including) the fifth Dealing Day after the Acceptance Date; and 

  

	 	(C)	if the Rights Issue Price is greater than the Floor Rights Issue Price, a commission of 0.063 per cent. of the value of the Underwritten Shares at the Rights Issue Price for
every euro cent by which the Rights Issue Price exceeds the Floor Rights Issue Price. 

  

	11.2	To the extent of any inconsistency between the commissions set out in Clause 11.1 and the equivalent commissions (that is, relating to the commissions set out in
Clauses 11.1(A), (B) and (C)) contained in the Engagement Letter, the commissions set out in Clause 11.1 shall prevail. The commissions referred to in Clause 11.1 or the equivalent commissions referred to in
the Engagement Letter shall not be payable by the Company to the Bank and Goodbody if the obligations of the Bank or Goodbody under this Agreement terminate or fail to become unconditional but, subject to this Agreement becoming unconditional and
not terminating, shall be paid by the Company to the Bank and Goodbody whether or not they shall be called upon to acquire or procure acquirers for any of the Underwritten Shares under this Agreement. Out of such commissions the Bank and Goodbody
may pay sub-underwriting commissions to such persons, if any, as they may procure to acquire Underwritten Shares pursuant to Clause 8. 

  

	11.3	The commissions referred to in Clause 11.1 shall be satisfied by the Bank and Goodbody paying in its Due Proportion an amount equal to the product of the Rights Issue Price
and the number of New Shares for the Preference Shares (which are to be subscribed for and subsequently transferred by the Bank and Goodbody to the Company in accordance with the terms of the Transfer Agreements) which is reduced by the amount of
such commissions in accordance with the Transfer Agreements. 

  

	11.4	 In addition to the commissions referred to in Clause 11.1, all costs and expenses of, and in connection with, this Agreement, the Acquisition Agreement,
the Transfer Agreements, the Option Agreement, the Rights Issue, the EGM, the formation of Newco, the issue and transfer of the Newco Ordinary Shares and the allotment and issue of the New Shares and the Preference Shares shall be borne by the
Company including, without limitation to the generality of the foregoing, all UK Listing Authority and stock exchange listing fees, admission fees, registrars’ fees, Receiving Banker’s fees, legal fees and expenses of the Company, Goodbody
and the Bank (in the case of the legal fees of the Bank and Goodbody, subject to a cap of 

  

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€500,000 before expenses and any Irrecoverable VAT paid by the Bank and Goodbody), the Company’s accountancy fees and expenses, costs of printing,
advertising and circulating the Rights Issue Documents and the Company’s, the Bank’s and Goodbody’s out-of-pocket expenses. Without prejudice to Clause 11.6, this Clause 11.4 shall not apply to taxation (provision for
which is, for the avoidance of doubt, made otherwise in this Agreement, including in Clauses 11.7 and 12.1). 

  

	11.5	The Company shall forthwith upon request by the Bank or Goodbody pay or reimburse the Bank or (as the case may be) Goodbody the amount of any expenses which are to be borne by the
Company and which the Bank or (as the case may be) Goodbody may have paid. 

  

	11.6	Where in pursuance of Clause 11.4 or 11.5 or Clause 12 a sum (a “Relevant Sum”) is to be reimbursed to the Bank or Goodbody in respect of
any cost, charge or expense and that cost, charge or expense includes an amount in respect of value added tax (the “VAT Element”), the Company shall pay an amount to the Bank or (as the case may be) Goodbody by reference to the VAT
Element that shall be determined as follows: 

  

	 	(A)	if the Relevant Sum constitutes for value added tax purposes (without regard to Section 47(3) of the Value Added Tax Act 1994) the reimbursement of the consideration for a
supply of goods or services made to the Bank or (as the case may be) Goodbody (and so not to the Company), a sum equal to the proportion of the VAT Element that the Bank or (as the case may be) Goodbody certifies as representing irrecoverable input
tax in the hands of the Bank or (as the case may be) Goodbody (or the representative member of the value added tax group of which the Bank or (as the case may be) Goodbody is a member if the Bank or (as the case may be) Goodbody is not the
representative member), that certificate to be conclusive save in the case of manifest error; and 

  

	 	(B)	if the Relevant Sum constitutes for value added tax purposes the reimbursement of a cost, charge or expense incurred by the Bank or (as the case may be) Goodbody as agent for the
Company, a sum equal to the whole of the VAT Element, 

  

	 	and where a sum equal to the VAT Element has been reimbursed to the Bank or (as the case may be) Goodbody under paragraph (B) above, the Bank or (as the case may be)
Goodbody shall provide the Company with an appropriate tax invoice in respect of the supply to which the Relevant Sum relates, that is to say a tax invoice naming the Company as the recipient of the supply and issued either by the Bank or (as the
case may be) Goodbody or, if the Bank or (as the case may be) Goodbody has treated the relevant cost, charge or expense as a disbursement for value added tax purposes, by the person making the supply. 

  

	 11.7 
	 (A)   The Company shall bear the cost of, and shall accordingly indemnify the Bank and Goodbody in respect of, any
and all Transfer Duty arising in respect of: 

  

	 	(i)	any allotment of any New Shares to or for the account of, or any acquisition of New Shares by, the Bank, Goodbody or (as the case may be) any persons procured by the Bank or
Goodbody as contemplated by this Agreement; or 

  

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	 	(ii)	any transfer of, or agreement to transfer, any New Shares by the Bank or Goodbody constituted by or arising under (or treated for Transfer Duty purposes as constituted by or arising
under) this Agreement, the Rights Issue Documents or the Transfer Agreements, 

  

	 	 	provided that this Clause 11.7(A) shall only have effect to the extent that the Bank or (as the case may be) Goodbody incurs the cost of the Transfer Duty itself or would
have so incurred the cost if the Company had not borne the cost. 

  

	 	 	The Company shall not be liable pursuant to this Clause 11.7(A) to bear or indemnify any person in respect of any United Kingdom stamp duty or stamp duty reserve tax (or any
associated fines, penalties or interest) that arises pursuant to Sections 67, 70, 93 and/or 96 of the Finance Act 1986. For the avoidance of doubt, the Company shall not be liable to pay any amount or sum under this Clause 11.7(A) to the
extent that such amount or sum has already been paid by the Company to (A) the Bank or (as the case may be) Goodbody under this Clause or (B) H.M. Revenue & Customs or other relevant tax authority in payment of the relevant
Transfer Duty. References in this Clause 11.7(A) to New Shares shall include Nil-paid Rights, Fully-paid Rights and any interests in or rights to allotment of, New Shares. 

  

	 	(B)	For the purposes of Clause 11.7(A), “Transfer Duty” means any capital duty, stamp duty and/or stamp duty reserve tax or other transfer or issue taxes or duties and
any related costs, fines, penalties or interest (other than any fines, penalties or interest that would not have been payable but for any negligence or default on the part of the Bank or Goodbody, but the negligence or default of the Bank will not
affect a claim by Goodbody and the negligence or default of Goodbody will not affect a claim by the Bank) arising under the laws of: 

  

	 	(i)	the United Kingdom; 

  

	 	(ii)	Ireland; or 

  

	 	(iii)	any other jurisdiction to the extent that the foregoing would not have so arisen but for the Company being resident or incorporated in or having any permanent establishment, branch
or agency in such jurisdiction or the execution of any document or instrument or performance of any act or transaction in such jurisdiction by the Company (or any agent of the Company, other than the Bank or Goodbody) in connection with the
allotment or issue of the relevant New Shares (other than any such execution or performance at the direction or request of the Bank, Goodbody or the relevant acquirer). 

  

	
12.	Indemnity 

  

	12.1	 The Company hereby undertakes with the Bank and each member of the Bank Group and its and their directors, officers and employees and with Goodbody and each member
of the Goodbody Group and its and their directors, officers and employees (in each case whether present or future and each an “Indemnified Person” and, where relevant, a “Bank 

  

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Indemnified Person” or “Goodbody Indemnified Person”, as applicable) to indemnify and hold each Indemnified Person harmless from
and against any claims, demands, investigations, proceedings, judgements or investigations (“Proceedings”) which may be threatened, brought, established, alleged or made against or otherwise include any Indemnified Person, in each
case by any person who takes up any of the New Shares or any subsequent acquirer or transferee of any of the New Shares or any other person, governmental agency or regulatory body whatsoever and against all losses (including taxation), damages,
liabilities, costs, charges and reasonably incurred expenses (including legal fees) (“Losses”) which any Indemnified Person may suffer or incur (including, but not limited to, all such Losses suffered or incurred in disputing,
investigating or providing evidence in connection with or defending any Proceedings and/or in establishing its right to be indemnified pursuant to this Clause and/or in seeking advice in relation to any Proceedings, whether or not such Proceedings
are defended or disputed successfully and whether or not any Indemnified Person is a party to such Proceedings) and which in any such case arise directly or indirectly in connection with or out of the services rendered or duties performed under this
Agreement or otherwise in connection with the Rights Issue or implementation of the Rights Issue, or the arrangements referred to or contemplated by any of the Press Announcement, the Transfer Agreements, the Option Agreement or this Agreement,
including but not limited to: 

  

	 	12.1.1	a failure or alleged failure of any of the Rights Issue Documents (in each case, as such documents are published) to contain or fairly present all information required to be
contained therein, or 

  

	 	12.1.2	the existence of an untrue statement or alleged untrue statement of a material fact in any of the Rights Issue Documents (in each case, as such documents are published) or any other
document, announcement or other advertisement or financial promotion issued by or on behalf of the Company in connection with the Rights Issue and/or the Acquisition or the omission or alleged omission of any of the Rights Issue Documents to state a
material fact necessary to make the statements therein in light of the circumstances under which they were made, not misleading; or 

  

	 	12.1.3	any breach or alleged breach by the Company of any of its obligations under this Agreement, the Transfer Agreements, the Option Agreement or any other agreement to be entered into
by it in connection with the Rights Issue; or 

  

	 	12.1.4	any breach or alleged breach by the Company of any of the Warranties or any circumstances which constitute such a breach; or 

  

	 	12.1.5	any breach, or alleged breach by the Company of the laws or regulations of any country resulting from the Rights Issue or the performance of this Agreement, the Acquisition
Agreement, the Transfer Agreements, the Option Agreement or any other agreement to be entered into by it in connection with the Rights Issue; or 

  

	 	12.1.6	the due performance by Bank of its role as agent of the Company or any of its other obligations or services under this Agreement or in connection with the Rights Issue and/or the
Acquisition (including, for the avoidance of doubt, in the case of MS and MSIL their respective roles as sponsor and financial adviser in relation to the Circular and Rights Issue); or 

  

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	 	12.1.7	the due performance by Goodbody of its role as agent of the Company or any of its other obligations or services under this Agreement or in connection with the Acquisition
(including, for the avoidance of doubt, in the case of GCF, its role as sponsor and financial adviser in relation to the Circular); or 

  

	 	12.1.8	in connection with the Transfer Agreements and/or the Option Agreement and/or the arrangements contemplated or referred to therein; or 

  

	 	12.1.9	without limitation of sub-Clause 12.1.8, any Losses relating to or referable to any Transfer Duty to which Clause 11.7 would have applied if it had been incurred by
the Bank itself, 

  

	 	provided always that no Indemnified Person shall be entitled to be indemnified by the Company pursuant to this Clause 12.1 in respect of any Proceedings or Losses to the
extent that: 

  

	 	(i)	they have been finally judicially determined by a court of competent jurisdiction to have arisen as a result of gross negligence, bad faith, or wilful default, of that Indemnified
Person or, as relevant, a Bank Indemnified Person or Goodbody Indemnified Person, save that this exception will not apply to Proceedings or Losses that arise out of, relate to, or are based on any of the matters referred to in sub-paragraphs
12.1.1 to 12.1.5 and the gross negligence, bad faith or wilful default of a Goodbody Indemnified Person will not affect a claim under Clause 12 by a Bank Indemnified Person and the gross negligence, bad faith or wilful default of a Bank
Indemnified Person will not affect a claim under Clause 12 by a Goodbody Indemnified Person; or 

  

	 	(ii)	they are in respect of an unrealised or realised loss in market value of any of the Underwritten Shares acquired pursuant to Clause 8 or any expense of sale or other disposal
of such Underwritten Shares incurred by an Indemnified Person unless (but only to the extent that) such Losses are occasioned by, or result from, or are attributable to or would not have arisen but for (in each case directly or indirectly) the
neglect or default of the Company including any breach by the Company of any of its obligations under this Agreement, the Transfer Agreements or the Option Agreement or any breach of the Warranties or any circumstances which constitute such a
breach; or 

  

	 	(iii)	the Losses arise out of or are based upon an untrue statement or alleged untrue statement or omission or alleged omission in any document referred to in sub-paragraph 12.1.2
in reliance upon and in conformity with information furnished to the Company in writing by an Indemnified Person expressly for use therein; or 

  

	 	(iv)	 such Losses comprise any Transfer Duty (as defined in Clause 11.7(B)) incurred by a Bank Indemnified Person or (as the case may be) a Goodbody Indemnified
Person itself or any duty or tax incurred by a Bank Indemnified Person or (as the case may be) a Goodbody Indemnified Person itself which would have been “Transfer Duty” as so defined but for the fact that it arises under the laws of a
jurisdiction other than those jurisdictions referred to in Clause 11.7(B)(i) to (iii) (but, for the avoidance of doubt, this exclusion (iv) shall not apply to any claim or demand against a Bank Indemnified 

  

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Person or (as the case may be) a Goodbody Indemnified Person by any person who acquires any of the New Shares as contemplated by the Agreement to the extent
that such claim or demand relates to or is referable to any Transfer Duty to which Clause 11.7 would have applied if it had been incurred by the Bank or (as the case may be) Goodbody itself); or 

  

	 	(v)	such Losses comprise any tax incurred by the Bank or (as the case may be) Goodbody on its income, profits or gains arising from the commissions and fees referred to in Clause
11.1 or on interest on amounts received and retained by it (as principal) in respect of New Shares which are or are treated as taken up under the Rights Issue (including, for the avoidance of doubt, any Nil-paid Rights in respect of New Shares
representing fractional entitlements arising under the Rights Issue which are acquired pursuant to Clause 7.1). 

  

	12.2	Where a claim is brought or threatened by a third party which results in (or may result in) an indemnity claim being made by an Indemnified Person pursuant to Clause 12.1 (an
“Action”), the relevant Indemnified Person shall notify the Company in writing of such Action. Where the Indemnified Person has notified the Company of such an Action, the Company will be entitled to participate therein and, to the
extent that it shall wish, to assume the defence thereof with counsel reasonably satisfactory to the Indemnified Person (which shall not, except with the consent of the Indemnified Person, be counsel to the Company). After notice from the Company to
such Indemnified Person of its election so to assume the defence thereof, the Company shall not be liable to such Indemnified Person under this Clause 12 for any expenses of other counsel or any other expenses, in each case subsequently
incurred by such Indemnified Person, in connection with the defence of the Action save to the extent that an actual or potential conflict of interest between the Indemnified Person and the Company arises in the defence of the Action (in which case
the reasonable costs of another law firm (if any) instructed by the Indemnified Person shall be reimbursed by the Company). The Company shall not, without the written consent of the Indemnified Person, effect the settlement or compromise of, or
consent to the entry of any judgment with respect to, any Action in respect of which indemnification or contribution may be sought hereunder (whether or not the relevant Indemnified Person is an actual or potential party to such Action) unless such
settlement, compromise or judgment (i) includes an unconditional release of the relevant Indemnified Person from all liability arising out of such Action and (ii) does not include a statement as to or an admission of fault, culpability or
a failure to act, by or on behalf of any Indemnified Person. 

  

	12.3	Failure on the part of an Indemnified Person to notify the Company in accordance with Clause 12.2 shall not relieve the Company from any liability under this Clause 12
to the relevant Indemnified Person (unless the Company is materially prejudiced as a result of such failure, but then only to the extent of the prejudice) and, in any event, shall not relieve the Company from any liability which it may have
otherwise than on account of any indemnity it gives pursuant to this Clause 12 provided however that it shall so relieve the Company in respect of an Action in circumstances where the relevant Indemnified Person has failed to notify the
Company of the Action in accordance with Clause 12.2 and settles such Action without the prior written consent of the Company. 

  

	12.4	 If any indemnification provided for in this Clause 12 is for any legal reason unavailable to or insufficient to hold harmless an Indemnified Person in
respect of any Losses or Proceedings, then the Company shall contribute to the aggregate amount of such Losses or Proceedings incurred by such Indemnified Person, as incurred, in such proportion as is appropriate to reflect 

  

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the relative benefits received by (i) the Company on the one hand and (ii) the Bank Indemnified Persons or, as relevant, the Goodbody Indemnified
Persons on the other hand from the offering of the New Shares pursuant to the Rights Issue. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the relevant Indemnified Person failed to
give the notice required under Clause 12.2, then the Company shall contribute to the aggregate amount of such Proceedings or Losses incurred by such Indemnified Person in such proportion as is appropriate to reflect not only such relative
benefits but also the relative fault of (i) the Company on the one hand and (ii) the Bank Indemnified Persons or, as relevant, the Goodbody Indemnified Persons on the other hand in connection with the statements, omissions or other matters
which resulted in such Proceedings or Losses as well as any other relevant equitable considerations. The relative benefits received by (i) the Company and (ii) the Bank Indemnified Persons and/or, as relevant, the Goodbody Indemnified
Persons shall be deemed to be in the same proportion as the total net proceeds from the offering of the New Shares issued or sold pursuant to this Agreement (before deducting expenses) received by the Company bear to the total underwriting
commissions received by the Bank or (as the case may be) Goodbody with respect to the New Shares. The relative fault shall be determined by reference to, among other things, whether an untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the Company, the Bank and/or (as the case may be) Goodbody and the parties’ relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. The Company, the Bank and Goodbody agree that it would not be just and equitable if contributions pursuant to this Clause 12.4 were determined by pro rata allocation or by any other method of allocation
which does not take account of the equitable considerations referred to above in this Clause 12.4. The amount paid or payable by the Company as a result of the Proceedings or Losses referred to above in this Clause 12.4 shall be deemed
to include any legal or other expenses reasonably incurred by such Indemnified Person in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Clause 12.4, (i) neither the Bank nor
Goodbody will be required to contribute any amount in excess of the amount of the underwriting commission received by it (and which it is not liable to pay to any other underwriter or intermediary) in relation to the New Shares underwritten or
acquired by it pursuant to this Agreement, (ii) no Indemnified Person will be entitled to recover more by way of contribution under this Clause 12.4 than it would have been able to recover had the indemnities in Clause 12.1 been
available against the Company and (iii) the Company will not be liable to pay any amount pursuant to this Clause 12.4 in excess of the amount it would have been liable to pay had the indemnities in Clause 12.1 been available to
the relevant Indemnified Persons. No person guilty of fraudulent misrepresentation will be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. No act or omission by a Goodbody Indemnified Person shall
affect any claim under this Clause 12.4 by a Bank Indemnified Person and no act or omission by a Bank Indemnified Person shall affect any claim under this Clause 12.4 by a Goodbody Indemnified Person. 

  

	12.5	Without prejudice to the generality of Clause 12.1, the Company undertakes with each Indemnified Person that if the United Kingdom H.M. Revenue & Customs or any
other taxing authority brings into any charge to taxation any sum payable under the indemnities contained in Clause 12.1, the amount so payable shall be increased by such amount as will ensure that the person to whom payment is made will
retain, after payment of the tax so chargeable, the amount it would have retained had no such tax been payable. 

  

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	12.6	The Company undertakes with each Indemnified Person that all sums payable under this Agreement shall be paid in full, free and clear of all deductions or withholdings, unless the
deduction or withholding is required by law and that if any deductions or withholdings are required by law the Company shall be obliged to pay such additional sum as will, after such deductions or withholdings have been made, leave the person to
whom payment is made with the same amount as that person would have been entitled to receive in the absence of such requirement to make a deduction or withholding. 

  

	12.7	If any Indemnified Person receives a credit for, refund of or relief from any tax or other monies payable by it or similar benefit by reason of any deduction or withholding for or
on account of tax or by reason of the matter giving rise to the increased payment under Clause 12.5, it shall reimburse to the Company such part of such additional payments paid to it pursuant to Clause 12.5 or Clause 12.6 as
it, acting reasonably, certifies to the Company will leave it (after such reimbursement) in no better or worse position than it would have been in if no deduction or withholding had been required or no tax charge had arisen.

  

	12.8	No claim shall be made against any Indemnified Person by the Company to recover any, loss, claim, damage or liability the Company or any other person may suffer or incur by reason
of or arising out of the carrying out or performance by any Indemnified Person or on its behalf of obligations or services under this Agreement or otherwise in relation to the Rights Issue or the arrangements contemplated by the Transfer Agreements
or the Option Agreement except to the extent that such damage is finally judicially determined by a court of competent jurisdiction to have arisen from gross negligence, bad faith, or wilful default, of an Indemnified Person, provided that this
exception will not apply to any claim which arises out of, relates to, or is based on any of the matters referred to in Clause 12.1.1 to 12.1.5 and the gross negligence, bad faith or wilful default of a Goodbody Indemnified Person will not
affect the rights under this Clause 12.8 of a Bank Indemnified Person and the gross negligence, bad faith or wilful default of a Bank Indemnified Person will not affect the rights under this Clause 12.8 of a Goodbody Indemnified Person.

  

	12.9	 The Bank and Goodbody each agrees severally (and not jointly or jointly and severally) to indemnify and hold harmless the Company against any losses, claims,
damages or liabilities to which the Company may become subject, under common law or the Companies Act, the Irish Companies Acts, the European Regulations, FSMA, Irish Market Abuse Law, the Listing Rules, the Prospectus Rules, the Securities Act, the
Exchange Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Prospectus or the
Circular, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact necessary to make the statements therein not misleading, in each case to the extent, but only to
the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Prospectus or the Circular, or any such amendment or supplement, in reliance upon and in conformity with written information furnished
to the Company by the Bank or, as the case may be, Goodbody (and so this indemnity only applies, in the case of the Bank, in relation to information furnished by the Bank and, in the case of Goodbody, in relation to information furnished by Goodbody
expressly for use therein); and agrees to reimburse the Company for any legal or other expenses reasonably incurred by the Company in connection 

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with investigating, preparing for or defending any such action or claim as such expenses are incurred. The provisions of Clauses 12.2, 12.3, 12.4, 12.5,
12.6, 12.7 and 12.10 will apply mutatis mutandis to any indemnification by the Bank or Goodbody under this Clause 12.9 (with references to an Indemnified Person being read as references to the Company and references to the Company being
read as references to the Bank or, as the case may be, Goodbody). 

  

	12.10	No claim will be brought by an Indemnified Person or any of its respective subsidiary undertakings against any director or any other officer and/or employee of the Company in
respect of any conduct, action or omission by the individual concerned in connection with this Agreement or any of the other arrangements contemplated by the Rights Issue Documents or this Agreement, provided however that this Clause 12.10
shall not apply to any claim brought against any director or any other officer and/or employee of the Company in respect of such individual’s fraud or wilful default. 

  

	12.11	For the avoidance of doubt: 

  

	 	(A)	the provisions of this Clause 12 are subject to the limitations in Clause 10.6; and 

  

	 	(B)	an Indemnified Person will not seek to recover any amount paid by way of indemnity under Clause 12.9 or by way of contribution under Clause 12.4 (where Clause
12.9 is unavailable or insufficient) pursuant to Clause 12.1. 

  

	 12.12
	 (A)   The degree (if any) to which any Indemnified Person shall be entitled to rely on the work of any adviser to
the Company or any other third party will be unaffected by any limitation which the Company may have agreed regarding the extent to which the Company and/or any member of the Group may claim against any such adviser or other third party and/or any
waiver or release of any right of the Company so to claim (a “Limitation”). 

  

	 	(B)	Where any damage or loss is suffered by the Company for which any Indemnified Person would otherwise be jointly and severally liable, with any third party or parties which has or
have the benefit of a Limitation, to the Company or any member of the Group, the extent to which such damage or loss will be recoverable from the Indemnified Person shall be limited so as to be in proportion to the contribution of the Indemnified
Person to the overall fault for such damage or loss, as agreed by such person or persons or, in the absence of agreement, as finally determined by a court of competent jurisdiction but, in any event, such Indemnified Person shall have no greater
liability than if the Limitation did not apply. 

  

	12.13	Nothing in this Clause 12 operates to exclude or restrict any duty or liability of: 

  

	 	(A)	the Bank under FSMA or the regulatory system (as defined for the purposes of the rules and regulations made by the Financial Services Authority under FSMA (the
“Rules”)) to an extent greater than permitted by the Rules: or 

  

	 	(B)	 Goodbody under the Investment Intermediaries Act, 1995 as amended, the Stock Exchange Act, 1995 as amended, the Central Bank Acts 1942 to 1998 as amended, 

  

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the Central Bank and Financial Services Authority or Ireland Acts 2003 and 2004 (the “Irish Financial Services Legislation”) or rules and
regulations made by the Financial Regulator under the Irish Financial Services Legislation (together, the “Irish Rules”) to an extent greater than permitted by the Irish Rules. 

  

	12.14	Each of the indemnities in this clause shall remain in full force and effect notwithstanding the completion of the Rights Issue and all other matters and arrangements referred to in
or contemplated by this Agreement. Each of the indemnities in this clause shall be in addition to, and shall not be construed to limit, affect or prejudice any other right or remedy available to any Indemnified Person. 

  

	12.15	The provisions of this Clause 12 shall replace the indemnity provisions contained in the indemnity letter from the Bank to the Company dated 12 July 2005 (as such letter may be
superseded). Such indemnity provisions shall terminate and any liability thereunder shall be extinguished provided that such extinction shall be without prejudice to Clause 12 which will, with effect from the date hereof, apply to all acts or
circumstances (whether before or after the date of this Agreement) which would otherwise be the subject of indemnification under the aforesaid indemnity letter. 

  

	
13.	Termination 

  

	13.1	If at any time before Admission: 

  

	 	(A)	in the bona fide opinion of the Bank or Goodbody, there has been a breach of any of the Warranties, obligations or undertakings or any other term of this Agreement which the Bank or
Goodbody, acting in good faith, considers is material and prejudicial in the context of the Rights Issue; or 

  

	 	(B)	an event has occurred or matter arisen which if it had occurred or arisen before the date of this Agreement or before any other date on which the Warranties are given would have
rendered any of the Warranties untrue or inaccurate (to an extent which the Bank or Goodbody, acting in good faith, considers is material and prejudicial in the context of the Rights Issue) by reference to the circumstances then existing; or

  

	 	(C)	any statement of a material fact contained in any of the Rights Issue Documents is or has become untrue, incorrect or misleading in any respect, or any matter has arisen which would
constitute a material omission from any of the Rights Issue Documents, and which in any such case the Bank or Goodbody, acting in good faith, considers to be material and prejudicial in the context of the Rights Issue, 

  

	 	 	 the Bank or Goodbody (whichever is applicable), acting in good faith may, upon becoming aware of any such event or circumstance referred to in Clause 13.1(A) to
13.1(C), in its absolute discretion, elect to terminate this Agreement by giving written notice to that effect (the “Termination Notice”) to the Company and, in the case of the Bank electing to terminate, to Goodbody, or in the
case of Goodbody electing to terminate, to the Bank, to be received prior to Admission. Whichever of the Bank or Goodbody that receives such termination notice (the “Non-Terminating Party”) may, in its absolute discretion, by giving
notice (the “Continuation 

  

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Notice”) to the Company within 1 Business Day after receipt by it of the Termination Notice, elect to underwrite the Rights Issue in whole and
from the date of such notice the provisions of this Agreement shall be interpreted accordingly such that references to the Bank (where Goodbody has given a Continuation Notice) shall be to Goodbody and references to Goodbody (where the Bank has
given a Continuation Notice) shall be to the Bank and save for the matters described in Clause 13.3(A) to 13.3(C) the Terminating Party shall have no further rights or obligations under this Agreement and the Terminating Party shall not be
entitled to any commission under Clause 11.1. If the Non-Terminating Party does not give a Continuation Notice then, subject to Clause 13.3, this Agreement shall terminate upon the giving of the Termination Notice and cease thereupon
to have any effect. 

  

	13.2	If at any time prior to Admission, in the bona fide opinion of the Company, an event has arisen which gives any party to the Acquisition Agreement a right to terminate the
Acquisition Agreement (and for this purpose it shall be assumed that there is no ability to cure the matter or event giving rise to the right to terminate the Acquisition Agreement and that there is no notice period required for termination), the
Company may in its absolute discretion elect to terminate this Agreement by giving notice to that effect to the Bank and Goodbody, to be received prior to Admission. If the Company exercises its right to terminate this Agreement under this Clause
13.2 but then proceeds with an acquisition substantially the same as the Acquisition within 12 months of the date of this Agreement (whether or not such acquisition is funded by way of an equity offering (a “New Equity
Offering”)), the Company agrees that it will engage the Bank as financial adviser, sponsor and underwriter in connection with such acquisition and New Equity Offering on the basis of fees and commissions to be agreed between the Company and
the Bank (both acting in good faith) at the time of such engagement. The terms of the Engagement Letter that provide the Bank with a right to fees for any transactions of a type referred to in the Engagement Letter effected within one year of
termination of the Engagement Letter are superseded and replaced by the aforesaid provision and such terms in the Engagement Letter shall have no further effect. 

  

	13.3	In the event that this Agreement is terminated pursuant to a notice given under this Clause 13 or ceases to have effect pursuant to Clause 4.5 or 4.6, no party shall
have any claim against any other party, except that: 

  

	 	(A)	such termination shall be without prejudice to any breaches at the date of such termination; 

  

	 	(B)	the Company shall forthwith pay such of the expenses, charges and disbursements referred to in Clauses 11.4 and 11.5 as are incurred (including amounts in respect of value
added tax pursuant to Clause 11.6); and 

  

	 	(C)	the provisions of Clauses 10, 11.2, 11.4 to 11.7, 12, 14, 15, 16, 17, 18, 19, 20, 21, 22 and 23 shall remain in full force and effect. 

  

	13.4	Neither the Bank nor Goodbody shall be entitled to terminate this Agreement after Admission, including, without limitation, if after Admission rights arise entitling acceptors to
withdraw acceptances under Section 87Q4 FSMA. 

  

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	13.5	MS shall be entitled to terminate its role as sponsor and financial adviser for the purposes of the Circular in circumstances where any of the events set out in Clause 13.1
occur which MS, acting in good faith, considers is material in the context of the role being performed by MS. 

  

	13.6	GCF shall be entitled to terminate its role as sponsor and financial adviser for the purposes of the Circular in circumstances where any of the events set out in Clause 13.1
occur which GCF, acting in good faith, considers is material in the context of the role being performed by GCF. 

  

	
14.	Miscellaneous 

  

	14.1	The Company confirms that it has instructed: 

  

	 	(A)	the Receiving Banker and the Registrars to act as receiving banker and registrars respectively in connection with the Rights Issue and the EGM, and to perform the obligations
assigned to it or them under the Circular, the Prospectus, the Forms of Proxy, the Provisional Allotment Letters and this Agreement as receiving banker and registrar respectively; and 

  

	 	(B)	the Receiving Banker to act as Registrar and Receiving Agents in respect of the New Shares in both nil paid and fully paid forms as participating securities within CREST.

  

	14.2	Each of the Bank and Goodbody confirms that it shall instruct the Registrars to perform the obligations assigned to it under the Circular, the Forms of Proxy, the Prospectus, the
Provisional Allotment Letters, the Receiving Agent Agreement and this Agreement, to the extent that such obligations are obligations to the Bank or, as the case may be, Goodbody. 

  

	14.3	No neglect, delay, indulgence or omission on the part of the Bank, Goodbody or any Indemnified Person in exercising any right, power or remedy under this Agreement shall affect such
right, power or remedy or operate as a waiver thereof. The single or partial exercise of any right, power or remedy by the Bank, Goodbody or any Indemnified Person under this Agreement shall not preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. The rights, powers and remedies of the Bank, Goodbody and Indemnified Persons provided in this Agreement are cumulative and not exclusive of any rights, powers and remedies provided by law.

  

	14.4	Any time, date or period mentioned in any Clause of or Schedule to this Agreement may be extended by agreement between the Company and the Bank (after consultation with Goodbody
except where expressly stated otherwise in this Agreement) but as regards any time, date or period originally fixed or any time, date or period so extended, time shall be of the essence. 

  

	14.5	 If the performance by the Bank or Goodbody of any of its obligations under this Agreement shall represent for value added tax purposes the making by the Bank or, as
the case may be, Goodbody (or the representative member of the value added tax group of which the Bank or (as the case may be) Goodbody is a member) of any supply of goods or services to the Company that is taxable at a positive rate, the Company
shall pay to the Bank or (as the case may be) Goodbody, in addition to any amounts otherwise payable by the Company to the Bank 

  

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or (as the case may be) Goodbody pursuant to this Agreement, an amount equal to the value added tax chargeable on any such supply, that payment to be made
within seven days of the Bank or (as the case may be) Goodbody requesting the same and against production by the Bank or (as the case may be) Goodbody of an appropriate tax invoice. 

  

	
15.	Contracts (Rights of Third Parties) Act 1999 

  

	15.1	The provisions of Clause 12 confer a benefit on the persons specifically referred to in those provisions (each, a “Third Party”) and, subject to the
remaining terms of this Clause 15, are intended to be enforceable by each Third Party by virtue of the Contracts (Rights of Third Parties) Act 1999. 

  

	15.2	In addition, the provisions of Clause 3.13 confer a benefit on any holder or beneficial owner of restricted securities (as therein defined) and on any prospective purchaser
of such restricted securities designated by such holder or beneficial owner (each, a “US Third Party”) and, subject to the remaining terms of this Clause 15 are intended to be enforceable by each US Third Party by virtue of
the Contracts (Rights of Third Parties) Act 1999. 

  

	15.3	The parties to this Agreement do not intend that any term of this Agreement, apart from those provisions specifically referred to in Clause 15.1 and 15.2, should be
enforceable, by virtue of the Contracts (Rights of Third Parties) Act 1999, by any person who is not a party to this Agreement. 

  

	15.4	Notwithstanding Clause 15.1 or 15.2, this Agreement may be rescinded or varied in any way and at any time by the parties to this Agreement without the consent of any
Third Party or of any US Third Party. 

  

	15.5	Notwithstanding Clause 15.1, no Third Party may enforce, or take any step to enforce, any of the provisions of Clause 12 without the prior written consent of the Bank
in the case of a Bank Indemnified Person or Goodbody in the case of a Goodbody Indemnified Person, which may, if given, be given on and subject to such terms and conditions as the Bank or (as the case may be) Goodbody may determine. Neither the Bank
nor Goodbody will have any liability to any Third Party for any action or inaction under or pursuant to this Agreement. 

  

	
16.	Notices 

  

	16.1	Any notice or other communication given or made under or in connection with the matters contemplated by this Agreement shall be in writing (not including writing on the screen of a
visual display unit or other similar device which shall not be treated as writing for the purposes of this Clause). 

  

	16.2	Any such notice or other communication shall be addressed as provided in Clause 16.3 and, if so addressed, shall be deemed to have been duly given or made as follows:

  

	 	(A)	if sent by personal delivery, upon delivery at the relevant address of the relevant party; 

  

	 	(B)	if sent by first class post, two Dealing Days after the date of posting; and 

  

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	 	(C)	if sent by facsimile, when received. 

  

	16.3	The relevant addressee, address and facsimile number of each party for the purposes of this Agreement, subject to Clause 16.4, are: 

  

					
	 Name of party
	  	 Address
	  	 Facsimile No.

	The Company	  	 114 St Stephen’s Green
 West, Dublin 2,
Ireland
	  	+ 353 (1) 679 9891
	Attention: The Company Secretary	  		  	
			
	The Bank	  	 25 Cabot Square
 Canary Wharf
 London E14 4QA
	  	+ 44 20 7425 4248
	Attention: Head of ECM Syndicate	  		  	
			
	Goodbody	  	 Ballsbridge Park, Ballsbridge,
 Dublin 4, Republic of
Ireland
	  	+ 353 (1) 667 0410
	 Attention: Brian O’Kelly
	  		  	

  

	16.4	A party may notify the other party to this Agreement of a change to its name, relevant addressee, address or facsimile number for the purposes of this Clause provided that such
notification shall only be effective on: 

  

	 	(A)	the date specified in the notification as the date on which the change is to take place; or 

  

	 	(B)	if no date is specified or the date specified is less than five Dealing Days after the date on which notice is given, the date falling five Dealing Days after notice of any such
change has been given. 

  

	
17.	Counterparts 

  

	 	This Agreement may be entered into in any number of counterparts and by the parties to it on separate counterparts, each of which when so executed and delivered shall be an
original, but all the counterparts shall together constitute one and the same instrument. 

  

	
18.	Variation 

  

	 	No variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the parties. 

  

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19.	Further Assurance 

  

	 	At any time after the date of this Agreement the Company shall, and shall use its reasonable endeavours to procure that any necessary third party shall, at the cost of the Company
execute such documents and do such acts and things as the Bank and/or Goodbody may reasonably require for the purpose of giving full effect to all the provisions of this Agreement by which it is bound. 

  

	
20.	Governing Law and Submission to Jurisdiction 

  

	 	(A)	This Agreement shall be governed by and construed in accordance with English law. 

  

	 	(B)	In relation to any legal action or proceedings arising out of or in connection with this Agreement (“Legal Proceedings”), each party hereby irrevocably submits to
the exclusive jurisdiction of the High Court of Justice in England and waives any objection to Legal Proceedings in such court on the grounds of venue or on the grounds that the Legal Proceedings have been brought in an inconvenient forum. In
connection with any claim by a third party, the Bank or Goodbody may pursue an action against the Company or join it in litigation, in any other jurisdiction that the Bank or, as the case may be, Goodbody considers appropriate.

  

	 	(C)	This Agreement shall be binding upon each of the parties hereto and its or his assigns, successors in the title or legal personal representatives as the case may be.

  

	
21.	Entire Agreement 

  

	 	This Agreement constitutes the entire agreement between the parties and supersedes and replaces any previous agreement, understanding, undertaking, representation, warranties or
arrangement of any nature whatsoever between the parties relating to the subject matter of this Agreement. 

  

	
22.	Illegality 

  

	 	If any provision in this agreement shall be held to be illegal, invalid, or unenforceable, in whole or in part, under an enactment or rule of law, such provision or part shall to
that extent be deemed not to form part of this Agreement but the legality, validity and enforceability of the remainder of this Agreement shall not be affected. 

  

	
23.	Rights and obligations of the Bank and Goodbody 

  

	23.1	The obligations of each of the Bank and Goodbody pursuant to this Agreement shall be several and not joint or joint and several. Neither the Bank nor Goodbody nor any member of the
Bank Group or, as the case may be, the Goodbody Group shall be responsible for the obligations of the other and none of the provisions of this Agreement shall impose any liability on either of the Bank or Goodbody for, nor shall the rights and
remedies of the Bank or Goodbody be adversely affected by, any act or omission by the other or by any breach by the other of the provisions of this Agreement. 

  

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	23.2	The obligations owed by the Company to the Bank and Goodbody are owed to each of them as separate and independent obligations and each of the Bank and Goodbody have the right to
protect and enforce its rights hereunder without joining the other in proceedings. 

 IN WITNESS whereof the parties hereto have entered into
this Agreement the day and year first before written. 
  

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Schedule 1 
 Documents to be delivered 
 Part I – Execution 
  

	 	The following documents are to be delivered by the Company to the Bank and Goodbody at execution of this Agreement as referred to in Clause 4.1(I):

  

	 	(A)	a certified copy of the Memorandum and Articles of Association of the Company; 

  

	 	(B)	a certified copy of the resolution of the Board of Directors (or of the duly authorised Committee of such Board) approving and authorising the issue and/or execution of the
Acquisition Agreement, the Press Announcement, the Transfer Agreements, the Option Agreement and this Agreement (and, if the said resolution is of such a Committee, a certified copy of the resolution of the Board of Directors appointing such
Committee); 

  

	 	(C)	the verification materials prepared in connection with the Press Announcement in the form previously provided to the Bank signed by or on behalf of each person to whom
responsibility is therein assigned and copies of all evidence supporting answers in the notes; 

  

	 	(D)	certified copies of the Press Announcement and the Roadshow Materials; and 

  

	 	(E)	a certified copy of the Acquisition Agreement. 

 Part II – Posting
Date 
  

	 	The following documents are to be delivered by the Company to the Bank and, in the case of the documents referred to in paragraphs (A), (B), (C), (E), (F), (G), (K), (L), (M),
(N), (O), (P), (Q), (T), (U), (V), (Y), (Z), (AA), (BB), (CC), (DD), (EE) and (FF), Goodbody on the Posting Date as referred to in Clause 4.1(I); 

  

	 	(A)	copies of the signed applications for admission to the Official Lists of the New Shares; 

  

	 	(B)	copies of the signed applications for admission to trading of the New Shares on the London Stock Exchange; 

  

	 	(C)	a copy of the Prospectus bearing evidence of the formal approval of the UK Listing Authority pursuant to the Listing Rules and a copy of the Circular bearing evidence of the formal
approval of the UK Listing Authority pursuant to the Listing Rules and of the Irish Stock Exchange pursuant to the Irish Listing Rules; 

  

	 	(D)	a copy of the Prospectus signed by each of the Directors (or by their agents or attorneys); 

  

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	 	(E)	two original letters in the form previously provided to the Bank duly signed by the Company’s counsel in relation to paragraphs 8.3.4, 8.4.12 and 8.4.13 of the UK Listing Rules
and paragraphs 2.2.2, 2.2.3 and 2.2.7 of the Irish Listing Rules and dated the Posting Date; 

  

	 	(F)	two original letters in the form previously provided to the Bank duly signed by the Company in relation to paragraphs 8.3.4, 8.4.12 and 8.4.13 of the UK Listing Rules and paragraphs
2.2.1, 2.2.7 and 2.2.10 of the Irish Listing Rules and dated the Posting Date; 

  

	 	(G)	two original letters in the form previously provided to the Bank duly signed by the Company’s auditors in relation to paragraphs 8.4.12(1) and 8.4.13(3) of the UK Listing Rules
and paragraphs 2.2.1(a) and 2.2.7 of the Irish Listing Rules and dated the Posting Date; 

  

	 	(H)	two original letters in the form previously provided to the Bank duly signed by the Company’s counsel in relation to paragraphs 8.3.4, 8.4.8 and 8.4.9 of the UK Listing Rules
and dated the Posting Date; 

  

	 	(I)	two original letters in the form previously provided to the Bank duly signed by the Company in relation to paragraphs 8.3.4, 8.4.8 and 8.4.9 of the UK Listing Rules and dated the
Posting Date; 

  

	 	(J)	two original letters in the form previously provided to the Bank duly signed by the Company’s auditors in relation to paragraphs 8.4.8(1), 8.4.8(2) and 8.4.9(3) of the UK
Listing Rules and dated the Posting Date; 

  

	 	(K)	two original letters in the form previously provided to the Bank signed by each of the Directors authorising the publication of the Prospectus and the Circular, accepting
responsibility for information contained in the Press Announcement, the Prospectus, the Circular and any Supplementary Prospectus and acknowledging their understanding of their responsibilities under the UK Listing Rules and the Disclosure Rules in
accordance with paragraph 8.3.4 of the UK Listing Rules and under the Irish Listing Rules in accordance with paragraph 2.2.3 of the Irish Listing Rules; 

  

	 	(L)	the verification materials prepared in connection with the Circular and the Prospectus in the form previously provided to the Bank signed by or on behalf of each person to whom
responsibility is therein assigned and copies of all evidence supporting answers in the notes; 

  

	 	(M)	a certified copy of the resolution of the Board of Directors (or of the duly authorised Committee of such Board) approving and authorising the issue of the Prospectus, the Circular
and the Form of Proxy (and if the said resolution is of such a Committee, a certified copy of the resolution of the Board of Directors appointing such Committee); 

  

	 	(N)	an original copy of the pro forma financial information report (as incorporated in the Prospectus) duly signed by the Company’s auditors and dated the Posting Date;

  

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	 	(O)	an original copy of the pro forma financial information report (as incorporated in the Circular) duly signed by the Company’s auditors and dated the Posting Date;

  

	 	(P)	a certified copy of each of the other documents stated in the Prospectus and the Circular as being available for inspection; 

  

	 	(Q)	an original copy of the letter in the form previously provided to the Bank duly signed by the Company’s auditors and dated the Posting Date: 

  

	 	(i)	providing comfort on there being no significant change in the financial and trading position (including indebtedness) of the Group and of the Target Group and confirming the proper
and accurate extraction of financial information contained in the Prospectus and the Circular; 

  

	 	(ii)	giving consent to the inclusion in the Circular of their respective reports and letters in the form and context in which they are respectively included; 

  

	 	(R)	an original copy of the letter in the form previously provided to the Bank duly signed by the Company’s auditors and dated the same date as the Prospectus on the matters
contemplated in the U.S. Statement of Auditing Standards No. 72 with respect to the financial statements and certain financial information contained, or incorporated by reference, in the Prospectus; 

  

	 	(S)	an original copy of the letter in the form previously provided to the Bank duly signed by the Target Group’s auditors and dated the same date as the Prospectus on the matters
contemplated in the U.S. Statement of Auditing Standards No. 72 with respect to the financial statements and certain financial information concerning the Target Group contained, or incorporated by reference, in the Prospectus;

  

	 	(T)	an original copy of the letter in the form previously provided to the Bank duly signed by the Company and dated the Posting Date providing comfort on there being no significant
change in the financial and trading position (including indebtedness) of the Group since the Accounts Date and of the Target Group since 31st December 2004; 

  

	 	(U)	(a)        written opinions in the form previously provided to the Bank from: 

  

	 	(i)	Slaughter and May; 

  

	 	(ii)	Freshfields Bruckhaus Deringer (as English counsel for the Company); 

  

	 	(iii)	Ogier & Le Masurier (“rights taken up” opinion); and 

  

	 	(iv)	Ogier & Le Masurier (“rump/stick” opinion); 

  

	 	(b)	confirmations in the form previously provided to the Bank from: 

  

	 	(i)	Davis Polk & Wardwell; and 

  

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	 	(ii)	Freshfields Bruckhaus Deringer (as U.S. counsel for the Company); 

  

	(V)	original copies of the Transfer Agreements and the Option Agreement duly executed by the Company and Newco; 

  

	(W)	certified copies of responsibility letters signed by all the Directors in the form previously provided to the Bank; 

  

	(X)	certified copies of any power of attorney pursuant to which any Director signed any of the documents mentioned above in the form previously provided to the Bank;

  

	(Y)	a certified copy of a memorandum to the Directors from the Company’s English and Irish counsel in connection with the Rights Issue explaining the nature of their
responsibilities and obligations as directors of a listed company under the Listing Rules and Disclosure Rules and Irish Market Abuse Law in the form previously provided to the Bank; 

  

	(Z)	the Working Capital Estimates; 

  

	(AA)	the Working Capital Reports (including working capital letters) relating to the Group and the Enlarged Group duly signed by the Company’s auditors in the form previously
provided to the Bank and dated the Posting Date; 

  

	(BB)	a letter to the Bank dated the Posting Date from the Company’s auditors relating to the said Working Capital Reports, the financial information contained in the Circular and
the Prospectus and the statements under “Current Trading” in the Circular and the Prospectus, in the form previously provided to the Bank; 

  

	(CC)	a letter to the Bank from the Company relating to the adequacy of the Group’s and the Enlarged Group’s working capital in the form previously provided to the Bank and
dated the Posting Date; and 

  

	(DD)	a letter addressed to the Bank and Goodbody in the form set out in Schedule 2 dated as of the Posting Date; 

  

	(EE)	a certified copy of the resolution of the board of directors of Newco approving and authorising the execution of the Transfer Agreements and the Option Agreement; and

  

	(FF)	a letter from the auditors of the Company addressed to the Company in the form previously provided to the Company confirming the effect on the distributable reserves of the Company
of implementing the Rights Issue, such letter to expressly state that a copy of such letter may be provided to the Bank and Goodbody on a no reliance basis. 

  

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 Part III 
  

	 	The following documents are to be delivered by the Company to the Bank and Goodbody forthwith upon the satisfaction of the conditions imposed by the CREST Rules to the admission of
the Nil-paid Rights and Fully-paid Rights as participating securities within CREST: 

  

	 	(A)	a letter from the Company addressed to CRESTCo Limited, confirming that such conditions have been satisfied; and 

  

	 	(B)	a letter from the Company addressed to the Brokers, authorising and instructing the Brokers immediately to deliver to CRESTCo Limited the letter described in paragraph
(A) above. 

 Part IV – EGM Date 
  

	 	The following documents are to be delivered by the Company to the Bank and, subject as provided in paragraph (G), Goodbody forthwith after the passing of the Resolutions and
in any event not later than 5.00 p.m. on the Dealing Day immediately preceding the proposed date of Admission: 

  

	 	(A)	a certified copy of the Resolutions; 

  

	 	(B)	a certified copy of the resolution of the Board of Directors (or of the duly authorised Committee of such Board) provisionally allotting the New Shares as referred to in
Clause 6.1 (and, if the said resolution is of such a Committee, a certified copy of the resolution of the Board of Directors appointing such Committee (if not previously delivered to the Bank)); 

  

	 	(C)	a letter addressed to the Bank and Goodbody in the form set out in Schedule 2 dated as of the date of Admission; 

  

	 	(D)	a copy of the Provisional Allotment Letter; and 

  

	 	(E)	updating versions of the letters referred to in paragraphs (H), (I), (J), (Q), (R), (S), (T), (U)(a), (BB) and (CC) of Part II of this Schedule 1 to the extent in each case such
letters related to the Prospectus and written opinions in the form previously provided to the Bank from Davis Polk & Wardwell and Freshfields Bruckhaus Deringer (as U.S. Counsel for the Company) all dated the date of Admission provided, in
the case of Goodbody, only updated versions of the letters referred to in paragraphs (Q), (S), (T), U(a), (V), (BB) and (CC) and the aforesaid written opinions of Davis Polk & Wardwell and Freshfields Bruckhaus Deringer shall be delivered.

 Part V 
  

	 	The following document is to be delivered by the Company to the Bank and Goodbody forthwith after the confirmation of allotments and/or new allotments of the New Shares pursuant to
Clause 6.3: 

  

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	 	(A)	a certified copy of the resolutions of the Board of Directors (or of the duly authorised Committee of such Board) allotting the New Shares as referred to in Clause 6.3
(and, if the said resolution is of such a Committee, a certified copy of the resolution of the Board of Directors appointing such Committee (if not previously delivered to the Bank and Goodbody)). 

  

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Schedule 2 
 Form of certificate of the Company 
 [Letterhead of the Company] 
  

				
	 Morgan Stanley Securities Limited (Attention:·)
  
 Goodbody Stockbrokers (Attention:·)
	  	[Date	]

 Dear Sirs, 
 Rights Issue 
  

	 	We refer to the above issue and to the underwriting agreement between us relating thereto dated 25 July 2005 (the “Underwriting Agreement”). Words and
expressions defined in the Underwriting Agreement have the same meanings herein. 

  

	 	We hereby confirm to you that: 

  

	 	(i)	each of the conditions referred to in Clauses 4.1(A) – (N) (inclusive) of the Underwriting Agreement has been fulfilled in accordance with its terms;

  

	 	(ii)	[(subject only to the passing of the Resolution and the allotment of the New Shares)], the UK Listing Authority and the Irish Stock Exchange have granted permission for the New
Shares to be admitted to their respective Official Lists and the London Stock Exchange and Irish Stock Exchange have each granted permission for the New Shares to be admitted to trading; and 

  

	 	(iii)	none of the Warranties was breached or untrue or inaccurate when made and there has been no change in fact or circumstance or in the knowledge, opinion, intention or expectation of
any of the Directors such that, if repeated by reference to the facts and circumstances and the knowledge, opinions, intentions and expectations of the Directors subsisting at the date hereof, any of such Warranties would be breached or untrue or
inaccurate in any respect, which in any such case is material in the context of the Rights Issue or the underwriting of the New Shares [save for any matter which we have previously notified to you and which we have agreed is not
material]1. 

  

	1	To be included only if a notification has been made under Clause 10.3. 

  

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 Yours faithfully, 
 ............................................. 
 Director, duly authorised, 
 for and on behalf of 
 eircom
Group plc 
  

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Schedule 3 
 Part I 
 Representations, warranties and undertakings given on the date of this Agreement, on the 
 Posting
Date and immediately prior to Admission 
  

	1.	Subject to the passing of the Resolutions, the Company and the Directors have or will have the right, power and authority under the memorandum and articles of association of the
Company, or pursuant to the Resolutions, to enter into and perform this Agreement (including, without limitation, the power to pay commissions, fees, costs and expenses provided for in this Agreement), the Option Agreement and the Transfer
Agreements and (subject to the Acquisition Resolution) the Acquisition Agreement, to make the Rights Issue, to allot and issue the New Shares in certificated and uncertificated form, to issue the Rights Issue Documents in the manner proposed without
any sanction or consent by members of the Company or any class of them and, subject to Admission, there are no other consents, authorisations or approvals required by the Company in connection with the entering into and the performance of this
Agreement, the Option Agreement and the Transfer Agreements and the actions referred to in this paragraph 1 which have not been irrevocably and unconditionally obtained. The Company’s existing Ordinary Shares are participating securities
in, and have not been suspended from, CREST. 

  

	2.	The allotment and issue of the New Shares, the Rights Issue, the distribution of the Rights Issue Documents and any other document by or on behalf of the Company in connection with
Admission or the Rights Issue, will comply with all agreements to which any member of the Group is a party or by which any such member of the Group is bound and will comply with all applicable laws and regulations of the United Kingdom (including,
without limitation, the Companies Act, the FSMA, UK Listing Rules, the Prospectus Rules and the Standards) and, as far as the Directors are aware, all applicable laws and regulations of any relevant jurisdiction. 

  

	3.	The Press Announcement and the 20-F (as such information contained in the 20-F may have been supplemented or superseded by information filed before the date of this Agreement in a
Form 6-K or an amendment to the 20-F) do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not
misleading, provided that this warranty shall not cover information contained in the Press Announcement which is furnished in writing to the Company by the Bank expressly for use therein; and all expressions of opinion, intention, belief or
expectation of the Company or the Directors contained in the Press Announcement and the 20-F are truly and honestly held and made on reasonable grounds after due and careful enquiry. 

  

	4.	 The Roadshow Materials do not, to an extent which is material in the context of the Rights Issue, contain any untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, provided that this warranty shall not cover information contained in the Roadshow Materials which is furnished
in writing to the Company by the Bank expressly for 

  

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use therein; and all expressions of opinion, intention, belief or expectation of the Company or the Directors contained in the Roadshow Materials are truly
and honestly held and made on reasonable grounds after due and careful enquiry. 

  

	5.	The verification file prepared to verify certain statements in the Press Announcement has been prepared by persons who, collectively, have appropriate knowledge and responsibility
to enable them to provide appropriate supporting materials in respect of such statements; all such supporting materials have been compiled in good faith after all reasonable enquiry; the industry and market-related data included in the Press
Announcement is based on or derived from reputable industry sources; and the Company and the Directors after due and careful enquiry believe that the contents of the verification file constitute appropriate supporting materials for the statements in
the Press Announcement in respect of which they have been compiled. 

  

	6.	The New Shares will, upon allotment, be free from all Adverse Interests and will rank pari passu in all respects with the existing issued shares in the issued share capital of the
Company. 

  

	7.	The Company has complied in all material respects with the requirements of CRESTCo and the Regulations. 

  

	8.	With respect to all Previous Announcements, all statements of fact contained therein were at the date of the relevant Previous Announcement and, save to the extent corrected in any
document or announcement issued or made by or on behalf of the Company subsequent thereto, remain true and accurate in all material respects and not misleading and all estimates, expressions of opinion or intention or expectation of the Directors
contained therein were made on reasonable grounds and were honestly held by the Directors and were fairly based and there were no facts known (or which could on reasonably enquiry have been known by the Directors) the omission of which made any
statement of fact or estimate or statement or expression of opinion, intention or expectation in any of the Previous Announcements misleading and all Previous Announcements complied with the memorandum and articles of association of the Company, the
Listing Rules, the Companies Act, FSMA, all applicable rules and requirements of the London Stock Exchange, the Irish Stock Exchange and the UK Listing Authority and all relevant other requirements of statute, statutory regulation or any regulatory
body. 

  

	9.	The Report and Accounts: 

  

	 	(i)	have been prepared and audited in accordance and comply with the Companies Act and UK GAAP; and 

  

	 	(ii)	give a true and fair view of the assets and liabilities and of the state of affairs of the Company and the Group as at the Accounts Date and of the profit, loss and cash flow of the
Company and the Group for the financial period then ended. 

  

	10.	 The Directors have established procedures which provide a reasonable basis for them to make proper judgments as to the financial position and prospects of the Group
and each member of the Group maintains a system of internal accounting controls sufficient to provide reasonable 

  

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assurance that (A) transactions are executed in accordance with management’s general or specific authorisations and (B) transactions are
recorded as necessary to permit the preparation of financial statements in accordance with International Accounting Standards and the Companies Act and the Exchange Act and the rules and regulations thereunder. 

  

	11.	The Company is unaware of any reason why any of the conditions precedent to completion of the Acquisition contained in the Acquisition Agreement should not be satisfied and, where
relevant, by the times specified for satisfaction of each such condition precedent in the Acquisition Agreement. 

  

	12.	The Acquisition will not (save for the consents or agreements referred to in the Acquisition Agreement) require the consent or agreement of any person, or governmental or regulatory
authority or agency which has not been, or will not prior to completion thereof have been, unconditionally obtained. 

  

	13.	Nothing which the Company has discovered in the course of its due diligence and enquiry in relation to the Acquisition renders any of the information concerning the Acquisition
supplied by the Company to the Bank or Goodbody untrue, inaccurate or misleading in any material particular and the Company is not aware of any fact or matter which indicates that any of the representations or warranties contained in the Acquisition
Agreement is to an extent which is material in the context of the Rights Issue, untrue or misleading. 

  

	14.	The Acquisition will not have an adverse impact on the Company’s ability to comply with the UK Listing Rules or the Disclosure Rules. 

  

	15.	Neither the Company nor Newco has caused or permitted any issue or transfer of shares or debentures in Newco which is unlawful for the purposes of section 765 of the Income and
Corporation Taxes Act 1988. 

  

	16.	No employees of any member of the Group are, and no trade union which represents any employees of the Group is, currently engaged in or has given notice to any member of the Group
of their or its intention to engage in any strike or industrial action (within the meaning of those terms as set out in the Industrial Relations Acts, 1946-2004 of Ireland) or any picketing or secondary picketing, in each case whether official or
unofficial, whether lawful or unlawful and whether on an individual or collective basis, and no member of the Group is aware of any threat by any such employees or any such union to engage in any such action; save for trade disputes which would not,
individually or in aggregate, reasonably be expected to result in a Material Adverse Effect, (A) no employee of any member of the Group and no trade union which represents any employee of the Group is currently engaged in or has given notice to
any member of the Group of his or their intention to engage in any trade dispute (within the meaning of that term as set out in the Industrial Relations Acts, 1946-2004 of Ireland) and (B) no member of the Group is aware of any threat by any
such employee or any such union to engage in a trade dispute. 

  

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	17.	All members of the Group have, where required: 

  

	 	(A)	a general authorisation within the meaning of the European Communities (Electronic Communications Networks and Services) (Authorisation) Regulations 2003 and wireless loop licences
pursuant to the Wireless Telegraphy Act 1926 of Ireland (as amended); and 

  

	 	(B)	all other relevant licences, authorisations and consents under applicable legislation and regulations of Ireland governing electronic communications market (as this term is defined
in the Communications Regulation Act 2002 of Ireland) other than licences, authorisations or consents the absence of which would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; and

  

	 	(C)	all relevant electronic communications and telecommunications licences, authorisations and consents under applicable legislation and regulations of the United Kingdom, the
United States and elsewhere 

  

	 	in order to be able to conduct their respective businesses as carried on at the date of this Agreement (including, without limitation, completion of the transactions contemplated
hereby) and such licences, authorisations and consents are in full force and effect; no member of the Group is in breach of: 

  

	 	(D)	any such licence, authorisation or consent; 

  

	 	(E)	any such legislation or regulations; or 

  

	 	(F)	any applicable notice, direction, ruling or order of ComReg, or compliance programme imposed on such member of the Group by, or agreed by such member with, ComReg

  

	 	save for breaches which would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; 

  

	18.	The Company has been duly incorporated and is validly existing as a public limited company under the laws of England and Wales with registered number 04827199 with full power and
authority under its Memorandum and Articles of Association and otherwise to own, lease and operate its properties and conduct its business; each of Valentia Telecommunications, eircom Limited, Irish Telecommunications Investments Limited and
Eircable Limited has been duly incorporated and is validly existing as a body corporate under the laws of its jurisdiction of incorporation and has the full power and authority under its constitutional documents and otherwise to own, lease and
operate its properties and conduct its business; each other member of the Group has been duly incorporated and is validly existing as a body corporate under the laws of its jurisdiction of incorporation and has the full power and authority under its
constitutional documents and otherwise to own, lease and operate its properties and conduct its business save for any such other members of the Group in respect of which the absence of due incorporation, valid existence or full power or authority to
own, lease and operate its properties and conduct its business would not, individually or in aggregate with all such other members of the Group so affected, reasonably be expected to result in a Material Adverse Effect. 

  

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	19.	All consents, approvals, authorisations, orders, registrations, clearances and qualifications of or with any court or governmental, supranational, regulatory, taxation or stock
exchange authority, agency or body (each a “Governmental Agency”) having jurisdiction over the Company or any other member of the Group or the Rights Issue or the consummation of the transactions referred to or contemplated herein
(each a “Governmental Authorisation”) required for the issue of the New Shares or required for the execution and delivery by the Company of this Agreement to be duly and validly authorised or required to give effect to the
arrangements referred to or contemplated herein have been obtained or made and are in full force and effect or will be obtained prior to the issue of the New Shares. 

  

	20.	Any one or more members of the Group owns or own, or has or have had licensed to it or them or otherwise has or have the benefit of or right to use, as the case may be, under the
authority of the owners, licensees or sub-licensees thereof, all patents, inventions, trademarks, service marks, trade names, copyrights, domain names, trade secrets, confidential information and other know-how or intellectual property rights (in
each case, whether registered or not and including applications for registration) (“Intellectual Property”) that are material for the conduct of the business of the Group substantially in the manner in which it is being conducted;
all steps reasonably necessary have been taken to secure assignments in favour of any member or members of the Group of any and all rights and claims in respect of Intellectual Property that is material for the conduct of the business of the Group
substantially in the manner in which it is being conducted from all persons employed or contracted by any member of the Group from time to time; the Group has taken and will maintain reasonable measures to prevent the unauthorised dissemination or
publication of confidential information which is material to the business, finances or prospects of the Group; neither the Company nor any other member of the Group has knowledge of, or has received notice of, any infringement or alleged
infringement of any Intellectual Property rights of third parties, the consequences of which, individually or in aggregate with the consequences of all such other infringements, would reasonably be expected to result in a Material Adverse Effect.

  

	21.	All: 

  

	 	(A)	material elements of the Information Technology used or required for use by the Group for the conduct of its business substantially in the manner in which it is being conducted; and

  

	 	(B)	business records that are material for the conduct of the business of the Group substantially in the manner in which it is being conducted, 

  

	 	are recorded, stored, maintained or operated or otherwise held and owned by members of the Group and are not dependent on any facilities or systems which are not licensed to or
authorised for use by or are not under the exclusive ownership or control of the Group. For the purpose of this Agreement, “Information Technology” means computer hardware, software, networks and/or other information technology and
any asset which contains computer hardware, software, networks and/or other information technology (whether embedded or otherwise); 

  

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	22.	Each member of the Group owns or is licensed or otherwise authorised to use all material elements of its Information Technology and does not share any user rights in respect of any
material element of its Information Technology with any other person except as may be permitted pursuant to such licence or authorisation. 

  

	23.	There has been no failure of any part of the Group’s Information Technology in the 12 months prior to the date of this Agreement which, if it were to reoccur, would reasonably
be expected to result in a Material Adverse Effect. Members of the Group have, in accordance with best industry practice, taken reasonable precautions to preserve the availability, security and integrity of the Group’s Information Technology.

  

	24.	The issue of the New Shares, the execution and delivery by the Company of this Agreement, the Option Agreement and the Transfer Agreements, the compliance by the Company with the
provisions of this Agreement, the Option Agreement and the Transfer Agreements and the consummation of the transactions contemplated herein including the offer, allotment and issue of the New Shares will not: 

  

	 	(A)	conflict with, or constitute (whether or not upon the giving of notice, or the lapse of time, as provided for in the relevant agreement or instrument) a breach of, any of the terms
or provisions of, or result in any third party having a right to terminate, any indenture, mortgage, deed of trust, loan agreement, or material lease, other agreement or instrument, to which any member of the Group is a party or by which any member
of the Group is bound or to which any of the property or assets of any member of the Group is subject, or any licence, permit or authorisation held by or issued to any member of the Group, except such conflicts, breaches or rights of termination
(whether exercised or not) which taken together with conflicts, breaches or rights of termination (whether exercised or not) of leases, other agreements or instruments which are not material as aforesaid would not, individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect; 

  

	 	(B)	result in any violation by the Company or any other member of the Group of the provisions of its constitutional documents; 

  

	 	(C)	result in any violation by the Company or any other member of the Group of any statute applicable to, or order, judgment, decree, rule or regulation of any Governmental Agency
having jurisdiction over, the Rights Issue or the consummation of the transactions contemplated hereby; or 

  

	 	(D)	result in any violation by the Company or any other member of the Group of any other statute, or any other order, judgment, decree, rule or regulation of a Governmental Agency,
applicable thereto or to the Company or any other member of the Group or any of their properties, save for violations which, individually or in the aggregate with all such other violations, would not reasonably be expected to result in a Material
Adverse Effect; 

  

	25.	 This Agreement, the Acquisition Agreement, the Option Agreement and the Transfer Agreements have been or will be duly authorised, executed and delivered by the
Company and 

  

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(assuming due authorisation, execution and delivery by the other parties hereto) constitute or will constitute valid and legally binding obligations of the
Company enforceable in accordance with their terms subject to (A) applicable insolvency laws or other similar laws affecting the enforcement of creditors’ rights in general and (B) the discretionary availability of equitable remedies.

  

	26.	Neither the Company nor any of Valentia Telecommunications, eircom Limited, Irish Telecommunications Investments Limited and Eircable Limited is in violation of its
Memorandum of Association or Articles of Association or its equivalent or other constitutional documents; (B) no other member of the Group is in violation of its Memorandum of Association or Articles of Association or its equivalent or other
constitutional documents save for violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; and (C) neither the Company nor any other member of the Group is in default in the
performance or observance of any obligation, agreement, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to which it is a party or to which it or any of its properties
or assets may be subject save for such defaults which, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

  

	27.	No stamp duty, stamp duty reserve tax, capital duty or other transfer or issue taxes or duties (referred to in this Warranty 29 as “Transfer Taxes”) will be payable
by or on behalf of the Bank, Goodbody, or any acquirer for New Shares procured by the Bank or Goodbody, in respect of the allotment or issue of New Shares to or for the account of the Bank, Goodbody or such acquirer (as the case may be), provided
that: 

  

	 	(A)	this Warranty 29 shall not apply to any United Kingdom stamp duty or stamp duty reserve tax (or any associated fines, penalties or interest) that arises pursuant to Sections 67, 70,
93 and/or 96 of the Finance Act 1986; 

  

	 	(B)	this Warranty 29 shall not apply in respect of any Irish capital duty; 

  

	 	(C)	this Warranty 29 shall apply in respect of any Transfer Taxes arising under the laws of any jurisdiction other than the United Kingdom and Ireland if and to the extent (and
only if and to the extent) that such Transfer Taxes would not have arisen but for the Company being resident or incorporated in or having any permanent establishment, branch or agency in such jurisdiction or the execution of any document or
instrument or the performance of any act or transaction in such jurisdiction by the Company (or any agent of the Company, other than the Bank or Goodbody) in connection with the allotment or issue of any New Shares (other than any execution or
performance at the direction or request of the Bank, Goodbody or the relevant acquirer); and 

  

	28.	 No capital gains, income, withholding or other taxes (excluding Transfer Taxes) (referred to in this warranty as “Other Taxes”) will be payable by
or on behalf of the Bank or Goodbody, or any acquirer for New Shares procured by the Bank or Goodbody, in respect of the allotment or issue of New Shares to or for the account of the Bank, Goodbody or such acquirer (as the case may be), provided
that this Warranty shall apply only in respect of Other Taxes which arise under the laws of (i) the United Kingdom or Ireland or (ii) any other jurisdiction if and to 

  

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the extent (and only if and to the extent) that such Other Taxes would not have arisen but for the Company being resident or incorporated in or having any
permanent establishment, branch or agency in such jurisdiction or the execution of any document or instrument or the performance of any act or transaction in such jurisdiction by the Company (or any agent of the Company, other than the Bank or
Goodbody) in connection with the allotment or issue of any New Shares (other than any execution or performance at the direction or request of the Bank, Goodbody or the relevant acquirer). 

  

	29.	Save as set out in the 20-F (as such information contained in the 20-F may have been supplemented or superseded by information filed before the date of this Agreement in a Form 6-K
or an amendment to the 20-F), the Company is not aware of any member of the Group receiving any notice of non-compliance from any Governmental Agency, or of any legal, regulatory or governmental inquiries, investigations or audits (whether informal
or formal) to which any member of the Group is subject or of any legal proceedings to which any member of the Group is a party or to which any property or assets of any member of the Group is subject which, if determined adversely to any member of
the Group, would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (such notices, inquiries, investigations, audits and legal proceedings being referred to hereafter as “Material
Proceedings”); and, to the best of the Company’s knowledge after due and careful enquiry, no Material Proceedings are being threatened or contemplated by any Governmental Agency or any other body or person. 

  

	30.	Save for the requirement to obtain consent for the Acquisition under the Senior Credit Facility no event has occurred and no circumstances have arisen (and the allotment or issue of
the New Shares will not give rise to any such event or circumstance) such that any person is or would be entitled, or could, with the giving of notice or lapse of time or the fulfilment of any condition or the making of any determination, become
entitled, to require repayment before its stated maturity of, or to take any step to enforce any security for, any indebtedness of the Company or of any other member of the Group. No person to whom any indebtedness of the Company or any other member
of the Group which is payable on demand is owed, has demanded or threatened to demand repayment of, or taken or threatened to take any step to enforce any security for, the same. 

  

	31.	The Directors have had, or will have had prior to the Posting Date, explained to them the nature of their responsibilities and obligations as directors of a listed company under the
Listing Rules, Disclosure Rules, the Prospectus Rules, FSMA and Irish Market Abuse Law. 

  

	32.	The Company and each other member of the Group have all licences, franchises, permits, authorisations, approvals and orders and other concessions of and from all Governmental
Agencies and third parties that are necessary to conduct their businesses substantially in the manner in which they are being conducted except where the absence thereof, individually or in the aggregate, would not reasonably be expected to result in
a Material Adverse Effect. 

  

	33.	 The Group maintains or is covered by insurance that the Company reasonably believes (A) to be appropriate for the Group’s business and (B) to include
insurance cover against risks normally insured against by, and subject to limits which are broadly in line with limits accepted by, organisations carrying on a similar type of business and having similar assets as the 

  

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Group; all of such insurance is in full force and effect and the Company and the Directors are not aware of any circumstances which would render any such
insurance void or voidable. 

  

	34.	The Company is a “foreign private issuer” as defined in Rule 405 of Regulation C under the Securities Act. 

  

	35.	The Company reasonably believes that, at the time the New Shares are issued and delivered pursuant to this Agreement, there will be no “substantial U.S. market interest”,
as defined in Rule 902(j) of Regulation S under the Securities Act, with respect to Ordinary Shares or any securities forming part of the same class of equity securities as Ordinary Shares. 

  

	36.	The Company is not and, after giving effect to the issue and sale of the New Shares and the application of the proceeds thereof, will not be an “investment company”
as such term is defined in Section 3(a)(1) of the U.S. Investment Company Act of 1940, as amended, (the “Investment Company Act”), without recourse being made to any exemption provided in such Act or the rules thereunder.

  

	37.	When the New Shares are issued and delivered, pursuant to this Agreement, such Shares will not be of the same class (within the meaning of Rule 144A(d)(3)(i) under the Securities
Act) as securities which are listed on a U.S. national securities exchange, registered under Section 6 of the Exchange Act or quoted on a U.S. automated inter-dealer quotation system. 

  

	38.	The Company is subject to Section 13 or 15(d) of the Exchange Act. 

  

	39.	Neither the Company, nor any of its affiliates (as defined in Rule 405 of Regulation C under the Securities Act, each an “Affiliate”) nor any person acting on its
or their behalf (other than the Underwriters, as to which the Company makes no representation) has with respect to Ordinary Shares engaged in any (i) general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D
under the Securities Act; or (ii) directed selling efforts as defined in Rule 902(c) of Regulation S under the Securities Act. 

  

	40.	Within the preceding six months neither the Company, nor any of its Affiliates nor any person acting on its or their behalf has offered or sold to any person any Ordinary Shares or
any other securities of the same or a similar class as Ordinary Shares other than New Shares offered or sold to acquirers procured by the Bank or, failing which, to the Bank pursuant to this Agreement. 

  

	41.	The Company believes that it is not likely to become a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1297 of the United States
Internal Revenue Code of 1986, as amended. 

  

	42.	 Neither the Company nor any of its subsidiaries nor, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company or any of
its subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department; and the Company will not directly or indirectly use the proceeds of the Rights Issue, or lend,
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subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S.
sanctions administered by such office. 

  

	43.	PwC, who have audited certain financial statements of the Company and other members of the Group, comply with the auditor independence guidelines of the Institute of Chartered
Accountants of England and Wales and of Ireland. 

  

	44.	Except for any such matters as could not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect (A) neither the Company nor any
other member of the Group is in violation of any federal, state, local or foreign, statute, law, rule, regulation, ordinance, code, policy or rule of common law or any judicial or administrative interpretation thereof, including any judicial or
administrative order, consent, decree or judgment, relating to pollution or protection of human health, the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife,
including, without limitation, laws and regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances, petroleum or petroleum products or nuclear or radioactive
material (collectively “Hazardous Materials”) or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively “Environmental Laws”),
(B) the Company and all other members of the Group have all permits, licences, authorisations and approvals for their respective businesses required under any applicable Environmental Laws and are each in compliance with their requirements,
(C) there are no pending or, to the knowledge of the Company, threatened administrative, regulatory, or judicial actions, suits, demands, demand letters, claims, liens, notices of non-compliance or violation, investigation or proceeding
relating to any Environmental Laws against the Company or any other member of the Group and (D) to the knowledge of the Company, there are no events, facts or circumstances that might reasonably be expected to form the basis of any order,
decree, plan or agreement for clean-up or remediation, or any action, suit or proceeding by any private party or Governmental Agency, against or affecting the Company or any other member of the Group relating to Hazardous Materials or Environmental
Laws. 

  

	45.	Neither the Company nor any other member of the Group (save for Ebeon Limited (a company incorporated under the laws of Ireland), Ebeon Limited (a company incorporated under the
laws of England and Wales), Trinity Design Limited, Trinity Commerce Limited, Ebeon Inc., eircom (Belfast) Limited, eircomnet B.V., Local Ireland Limited and Nua Limited) has taken any action, nor have any other steps been taken or legal
proceedings commenced or, so far as the Company is aware, been threatened against the Company or any other member of the Group for its winding up, dissolution or striking off or any similar or analogous proceeding in any other jurisdiction, or for
the Company or any member of the Group to enter into any arrangement or composition with or for the benefit of creditors, or for the appointment of a receiver, administrative receiver, trustee or person with a similar or analogous function.

  

	46.	 Each member of the Group has paid or made adequate reserve for all taxes of any nature whatsoever and any and all interest, penalties or other sums imposed,
charged, assessed, levied or payable under the provisions of applicable legislation relating to taxation, which are or have been payable by such member of the Group on or before the date of this Agreement 

  

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(excluding failures to do so which would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect).

  

	47.	Each member of the Group has: 

  

	 	(A)	duly and properly and within the prescribed periods of time made all returns, declarations and payments and submitted all notices, accounts and other information, claims, elections,
amendments to claims, withdrawals of claims and disclaimers required to be made or submitted for the purposes of taxation (excluding failures to do so which would not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect). All of the foregoing have been correct and accurate in all respects (excluding failures to be correct and accurate in all respects which would not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect); and 

  

	 	(B)	maintained sufficient, proper and correct records in relation to all events up to the date of this Agreement (including any claims or elections made) reasonably necessary for the
purpose of calculating any tax liability or relief which would arise on any disposal or realisation of any asset in which it has an interest (excluding failures to do so which would not, individually or in the aggregate, reasonably be expected to
result in a Material Adverse Effect). All of the foregoing records are correct and accurate in all respects (excluding failures to be correct and accurate in all respects which would not, individually or in the aggregate, reasonably be expected to
result in a Material Adverse Effect). 

  

	48.	There is no dispute or disagreement outstanding with any tax authority, and there are no grounds or circumstances which (so far as any member of the Group is aware) might give rise
to any dispute or disagreement with any tax authority, in each case regarding any liability or potential liability to any tax or duty (including in each case any interest or penalties) of any member of the Group or the availability of any relief
from tax or duty to any member of the Group (excluding such disputes or disagreements which would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect). 

  

	49.	The Company has since 19 July 2003 been resident for taxation purposes solely in Ireland, ceased to be resident for tax purposes in the United Kingdom on that date and has not
incurred any material liability to tax under the laws of the United Kingdom. The Company has not at any time been resident for tax purposes in any jurisdiction other than Ireland and the United Kingdom and has not at any time carried on a trade in
any country other than Ireland (whether through a branch, agency, permanent establishment or otherwise). 

  

	50.	The transactions contemplated by this Agreement will not give rise to any liability to tax for any member of the Group (other than any liability of the Company to Irish capital duty
in respect of the issue of the New Shares or to United Kingdom stamp duty or stamp duty reserve tax) nor result in the disallowance, withdrawal, clawback or restriction of any relief, deduction, exemption or credit claimed by any member of the
Group. 

  

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	51.	There is no unsatisfied liability to Irish capital acquisitions tax or United Kingdom inheritance tax attached or attributable to the New Shares or any of the assets of the Company,
and the New Shares and such assets are not subject to any charge, lien or other security interest in favour of any tax authority (excluding in the case of the assets of the Company any liabilities, charges, liens or other security interests which
would not, individually or in aggregate, reasonably be expected to result in a Material Adverse Effect). 

  

	52.	The Company has not been designated or otherwise become a “Restricted Subsidiary” under the Indentures or an “Obligor” under the Senior Credit Facility.

  

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 Part II 
 Representations, warranties and undertakings given on the 
 Posting Date and immediately prior to
Admission 
  

	1.	The Prospectus and the Circular do not, and any and all amendments and supplements thereto will not, contain any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, provided that this warranty shall not cover information furnished in writing to the Company by the Bank expressly for use in
the Prospectus or the Circular or any amendment or supplement thereto. 

  

	2.	All expressions of opinion, intention, belief or expectation of the Company or the Directors contained in the Prospectus and the Circular are, and all expressions of opinion,
intention, belief or expectation of the Company or the Directors contained in any and all amendments and supplements to the Prospectus will be, truly and honestly held and made on reasonable grounds after due and careful enquiry.

  

	3.	The Prospectus and the Circular comply, and any and all amendments and supplements thereto will comply, with, to the extent applicable, FSMA, the Companies Act, the European
Regulations, the Listing Rules and the Prospectus Rules and the Irish Regulations and contains all particulars and information required by the foregoing and, in the case of the Prospectus, having regard to the particular nature of the Company and
the Group and the Ordinary Shares and the other matters referred to in Section 87A of FSMA, all such information as investors and their professional advisers would reasonably require, and reasonably expect to find therein, for the purpose of
making an informed assessment of the assets and liabilities, financial position, profits and losses, and prospects of the Company and the Group and of the rights attached to the Ordinary Shares. 

  

	4.	The verification file prepared to verify certain statements in the Prospectus and the Circular, has been prepared by persons who, collectively, have appropriate knowledge and
responsibility to enable them to provide appropriate supporting materials in respect of such statements; all such supporting materials have been compiled in good faith after all reasonable enquiry; the industry and market-related data included in
the Prospectus and the Circular is based on or derived from reputable industry sources; and the Company and the Directors after due and careful enquiry believe that the contents of the verification file constitute appropriate supporting materials
for the statements in the Prospectus and the Circular in respect of which they have been compiled. 

  

	5.	There is no fact or circumstance which is not disclosed in the Prospectus which ought to be taken into account by the UK Listing Authority and/or the Irish Stock Exchange in
considering the suitability for listing of the New Shares, taking account of facts and circumstances notified by the Company to the Bank. 

  

	6.	 All information provided by the Company, any other member of the Group or any of its or their officers or employees to the Bank and/or the Company’s auditors
in connection with its due diligence enquiries or similar requests for information has been supplied in good faith and such 

  

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information was when supplied, and remains, true and accurate in all material respects and no further information requested has been withheld, the absence of
which might reasonably be considered to be material to such due diligence enquiries or requests for information. 

  

	7.	The unaudited pro forma financial information and the notes thereto respectively contained in the Prospectus and the Circular present fairly the information shown therein, have been
prepared in accordance with the rules and guidelines of the UK Listing Authority and in the case of the Circular, the Irish Stock Exchange have been properly compiled on the bases described therein and the assumptions used in the preparation thereof
are reasonable and materially complete and the adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. 

  

	8.	Save to the extent set out in the Accounts or in the 20-F, no member of the Group has any off-balance sheet financing, investment or liability material for disclosure in the
Prospectus. 

  

	9.	The cash flow and working capital projections contained in the Working Capital Estimates have been prepared after due and careful enquiry and take into account all material matters
of which the Company is aware concerning the Company and each other member of the Group and of the Enlarged Group and the markets in which each of them is carrying on, or is expecting or proposing to carry on, business and the Directors have a
reasonable basis on which to make the working capital statements in the Circular and the Prospectus as required by the Listing Rules and the Prospectus Rules. All material assumptions on which such projections are based are believed by the Company
and the Directors to be set out in the Working Capital Estimates and to be materially complete. 

  

	10.	The Company and the Directors believe that the Group and the Enlarged Group will have sufficient working capital for their respective present requirements, that is for at least the
next 12 months following the date of the Prospectus, taking into account existing bank facilities and the net proceeds of the Rights Issue. 

  

	11.	With effect from Admission, the New Shares will have been duly and validly authorised and, when allotted, issued and delivered against the consideration therefor as provided herein
and pursuant to the Transfer Agreements, will have been duly and validly allotted, issued and credited as fully paid, free of any Adverse Interests and will conform to the description of the Ordinary Shares contained in the Prospectus and such New
Shares will not have been issued in violation of or contrary to any pre-emptive or similar rights. 

  

	12.	The New Shares will, upon allotment, rank pari passu in all respects with the Existing Shares and, in particular, will, after such date, rank in full for all dividends and other
distributions declared, paid or made by the Company. 

  

	13.	Assuming the accuracy of the representations and warranties of the Bank in, and compliance of the Bank with the provisions of, Clause 5, it is not necessary, in connection
with the offer, issue, sale and delivery of the New Shares in the manner contemplated by this Agreement and the Prospectus, to register the New Shares under the Securities Act. 

  

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	14.	The Quarterly Results have been properly prepared in accordance with International Accounting Standards and, save for the fact that they are unaudited, present fairly the state of
affairs and profit of the Group for the three months ended 30 June 2005. 

  

	15.	Newco is, and at the time of execution of the Transfer Agreements and at the time of issue of the Newco Ordinary Shares was, or will be, resident in Ireland for Irish tax purposes.

  

	16.	No share register of Newco is located or kept in the United Kingdom. 

  

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	 SIGNED BY
	  	)	  		  		  		  		  	
	 duly authorised for and on
	  	)	  		  		  		  		  	
	 behalf of EIRCOM GROUP PLC
	  	)	  		  		  		  		  	

  

													
	 SIGNED BY
	  	)	  		  		  		  		  	
	 duly authorised for and on
	  	)	  		  		  		  		  	
	 behalf of MORGAN STANLEY
	  	)	  		  		  		  		  	
	 & CO. INTERNATIONAL
	  	)	  		  		  		  		  	
	 LIMITED
	  	)	  		  		  		  		  	

  

													
	 SIGNED BY
	  	)	  		  		  		  		  	
	 duly authorised for and on
	  	)	  		  		  		  		  	
	 behalf of MORGAN STANLEY
	  	)	  		  		  		  		  	
	 & CO. LIMITED
	  	)	  		  		  		  		  	

  

													
	 SIGNED BY
	  	)	  		  		  		  		  	
	 duly authorised for and on
	  	)	  		  		  		  		  	
	 behalf of MORGAN STANLEY
	  	)	  		  		  		  		  	
	 SECURITIES LIMITED
	  	)	  		  		  		  		  	

  

 71 

Table of Contents

  

													
	 SIGNED BY
	  	)	  		  		  		  		  	
	 duly authorised for and on
	  	)	  		  		  		  		  	
	 behalf of GOODBODY
	  	)	  		  		  		  		  	
	 STOCKBROKERS
	  	)	  		  		  		  		  	

  

													
	 SIGNED BY
	  	)	  		  		  		  		  	
	 duly authorised for and on
	  	)	  		  		  		  		  	
	 behalf of GOODBODY
	  	)	  		  		  		  		  	
	 CORPORATE FINANCE
	  	)	  		  		  		  		  	

  

 72

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