Document:

Exhibit 4.8

 

30 January 2006

 

Private & Confidential

Addressee only

 

Mr A G L Alexander

c/o Imperial
Tobacco Group PLC

PO Box 244

Upton Road

Bristol 
BS99 7UJ

 

Dear Tony,

 

Imperial Tobacco Group PLC (“the Company”)
and confirmation of your appointment to the Board as a Non-Executive Director

 

My colleagues and I are pleased to confirm your position as a
Non-Executive Director of the Company in the capacity of Joint Vice
Chairman.  This letter details the main
terms attached to this office.

 

Duties

 

You will be required to attend Board meetings of the Company.  The Board meets five times each year and
normally the meetings are held in Bristol. 
The next Annual General Meeting will be held on 31January 2006.

 

You are already aware of how the Board works and what authorities are
delegated to the Group Chief Executive and his executive director colleagues.

 

In addition to attending Board meetings you also currently serve on the
Company’s Nominations Committee and until the conclusion of the above mentioned
AGM on the Audit Committee.  The Company
reserves the right to invite you to serve on the Company’s other
Committees.  You have been informed of
the roles of these Committees.  You
should attend, wherever possible, all meetings of the Committees on which you
serve.

 

In addition, you will be expected to devote the appropriate preparation
time ahead of each meeting.  The total
time commitment required is dependent on the Committees on which you are asked
to serve but it is anticipated to be in the region of 24-30 days per year.  By accepting this appointment, you have
confirmed that you are able to allocate sufficient time to meet the
expectations of your role.  The agreement
of the Chairman should be sought before accepting additional commitments that
might impact on the time you are able to devote to your role as a Non-Executive
Director and Joint Vice Chairman of the Company.

 

I need hardly remind you that the liabilities and obligations of
directors of listed companies are more onerous and more rigorously enforced
than those relating to private companies. 
In common with the rest of the Board, you are therefore expected to
comply with the terms of the Financial Services Authority’s Model Code for
transactions by directors of listed companies (a copy of which is available
from the Company Secretary) and specifically with any insider dealing rules adopted
by the company from time to time.

 

 

Appointment

 

Following this confirmation of appointment, your position will be
reviewed annually prior to the AGM.  All
appointments and re-appointments to the Board are, of course, subject to the
Company’s Articles of Association and are contingent on satisfactory
performance.

 

Your appointment is terminable at the will of the parties.

 

If you are not re-elected to your position as a director of the Company
by the shareholders at any time and for any reason then this appointment shall
terminate automatically and with immediate effect.

 

On termination of the appointment for any reason you shall only be
entitled to such fees as may have accrued to the date of the termination
together with reimbursement in the normal way of any expenses properly incurred
prior to that date.

 

Remuneration

 

The fee is at present £75,000 per annum, payable monthly in arrears,
subject to UK statutory deductions. I confirm that, in view of your continuing
high level of investment in the Company, the requirement to reinvest any net of
tax fee increases in shares in the Company has been waived.

 

Expenses

 

The Company will reimburse you for any expenses that you may incur
properly and reasonably in performing your duties.  Such expenses would include reasonable
external professional fees if circumstances should arise in which it was
necessary for you to seek independent professional advice in order to discharge
your responsibilities as a Non-Executive Director of the Company.  In such a situation, you are required to
discuss the issue either with me or the Senior Independent Director in advance.

 

Other than set out in this letter, the terms of your original letter of
appointment continue to apply.

 

Please would you sign and return the enclosed duplicate copy of this
letter to the Company Secretary to confirm your agreement to the above terms.

 

The Company looks forward to continuing to work with you in the future.

 

Yours sincerely

 

 

D C Bonham

Chairman

For and on behalf of Imperial Tobacco Group PLC

 

 

I, Anthony Alexander, agree to the above terms of appointment as a
Non-Executive Director and Joint Vice Chairman of Imperial Tobacco Group PLC.

 

	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  2006

  

 

 

30 January 2006

 

Private & Confidential

Addressee only

 

Mr C R Day

c/o Imperial
Tobacco Group PLC

PO Box 244

Upton Road

Bristol 
BS99 7UJ

 

Dear Colin,

 

Imperial Tobacco Group PLC (“the Company”)
and confirmation of your appointment to the Board as a Non-Executive Director

 

My colleagues and I are pleased to confirm your position as a
Non-Executive Director of the Company. 
This letter details the main terms attached to this office.

 

Duties

 

You will be required to attend Board meetings of the Company.  The Board meets five times each year and
normally the meetings are held in Bristol. 
The next Annual General Meeting will be held on 31January 2006.

 

You are already aware of how the Board works and what authorities are
delegated to the Group Chief Executive and his executive director colleagues.

 

In addition to attending Board meetings you currently serve on the
Company’s Nominations Committee and it has been agreed that you will also serve
on the Audit Committee with effect from the conclusion on the above mentioned
AGM.  The Audit Committee meets at least
three times a year. You have been informed of the roles of these
Committees.  You should attend, wherever
possible, all meetings of the Committees on which you serve.

 

In addition, you will be expected to devote the appropriate preparation
time ahead of each meeting.  The total
time commitment required is dependent on the Committees on which you are asked
to serve but it is anticipated to be in the region of 20 days per year.  By accepting this appointment, you have
confirmed that you are able to allocate sufficient time to meet the
expectations of your role.  The agreement
of the Chairman should be sought before accepting additional commitments that
might impact on the time you are able to devote to your role as a Non-Executive
Director of the Company.

 

I need hardly remind you that the liabilities and obligations of
directors of listed companies are more onerous and more rigorously enforced
than those relating to private companies. 
In common with the rest of the Board, you are therefore expected to
comply with the terms of the Financial Services Authority’s Model Code for
transactions by directors of listed companies (a copy of which is available
from the Company Secretary) and specifically with any insider dealing rules adopted
by the company from time to time.

 

 

Appointment

 

Following this confirmation of appointment, your position will be
reviewed annually prior to the AGM.  All
appointments and re-appointments to the Board are, of course, subject to the
Company’s Articles of Association and are contingent on satisfactory
performance.

 

Your appointment is terminable at the will of the parties.

 

If you are not re-elected to your position as a director of the Company
by the shareholders at any time and for any reason then this appointment shall
terminate automatically and with immediate effect.

 

On termination of the appointment for any reason you shall only be
entitled to such fees as may have accrued to the date of the termination
together with reimbursement in the normal way of any expenses properly incurred
prior to that date.

 

Remuneration

 

The fee is at present £50,000 per annum with respect to your role with
a further £10,000 per annum attaching to your role as Chairman of the Audit
Committee, payable monthly in arrears, subject to UK statutory deductions, of
which £10,000 per annum, less statutory deductions, will be applied on your
behalf to the purchase of the Company’s shares on the London Stock Exchange to
be held by a nominee for the duration of your appointment.

 

Expenses

 

The Company will reimburse you for any expenses that you may incur
properly and reasonably in performing your duties.  Such expenses would include reasonable
external professional fees if circumstances should arise in which it was
necessary for you to seek independent professional advice in order to discharge
your responsibilities as a Non-Executive Director of the Company.  In such a situation, you are required to
discuss the issue either with me or the Senior Independent Director in advance.

 

Other than set out in this letter, the terms of your original letter of
appointment continue to apply.

 

Please would you sign and return the enclosed duplicate copy of this
letter to the Company Secretary to confirm your agreement to the above terms.

 

The Company looks forward to continuing to work with you in the future.

 

Yours sincerely

 

 

D C Bonham

Chairman

For and on behalf of Imperial Tobacco Group PLC

 

 

I, Colin Day, agree to the above terms of appointment as a
Non-Executive Director of Imperial Tobacco Group PLC.

 

	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  2006

  

 

 

30 January 2006

 

Private & Confidential

Addressee only

 

Mr D C Bonham

c/o Imperial
Tobacco Group PLC

PO Box 244

Upton Road

Bristol 
BS99 7UJ

 

Dear Derek

 

Imperial Tobacco Group PLC (“the Company”)
and confirmation of your appointment to the Board as a Non-Executive Director

 

My colleagues and I are pleased to confirm your position as a
Non-Executive Director of the Company in the capacity of Chairman.  This letter details the main terms attached
to this office.  I am also pleased to
confirm that you will continue in your role as Chairman of the Nominations
Committee.

 

Duties

 

You will be required to attend Board meetings of the Company.  The Board meets five times each year and
normally the meetings are held in Bristol. 
The next Annual General Meeting will be held on 31 January 2006.

 

You are already aware of how the Board works and what authorities are
delegated to the Group Chief Executive and his executive director colleagues.

 

In addition to attending Board meetings you also currently serve on the
Nominations Committee and until the conclusion of the above mentioned AGM on
the Remuneration Committee.  You have
been informed of the roles of these Committees. 
You should attend, wherever possible, all meetings of the Committees on
which you serve.  The Company reserves
the right to invite you to serve on the Company’s other Committees.

 

In addition, you will be expected to devote the appropriate preparation
time ahead of each meeting.  The total
time commitment required is dependent on the Committees on which you are asked
to serve but it is anticipated to be in the region of 50 days per year.  By accepting this appointment, you have
confirmed that you are able to allocate sufficient time to meet the
expectations of your role.  The agreement
of the Board should be sought before accepting additional commitments that
might impact on the time you are able to devote to your role as a Non-Executive
Director and Chairman of the Company.

 

I need hardly remind you that the liabilities and obligations of
directors of listed companies are more onerous and more rigorously enforced
than those relating to private companies. 
In common with the rest of the Board, you are therefore expected to
comply with the terms of the Financial Services Authority’s Model Code for
transactions by directors of listed companies (a copy of which is available
from the Company Secretary) and specifically with any insider dealing rules adopted
by the company from time to time.

 

 

Appointment

 

Following this confirmation of appointment, your position will be
reviewed annually prior to the AGM.  All
appointments and re-appointments to the Board are, of course, subject to the
Company’s Articles of Association and are contingent on satisfactory
performance.

 

Your appointment is terminable at the will of the parties.

 

If you are not re-elected to your position as a director of the Company
by the shareholders at any time and for any reason then this appointment shall
terminate automatically and with immediate effect.

 

On termination of the appointment for any reason you shall only be
entitled to such fees as may have accrued to the date of the termination
together with reimbursement in the normal way of any expenses properly incurred
prior to that date.

 

Remuneration

 

The fee is at present £300,000 per annum with respect to your role as
Chairman, payable monthly in arrears, subject to UK statutory deductions.   I confirm that, in view of your continuing
high level of investment in the Company, the requirement to reinvest any net of
tax fee increases in shares in the Company has been waived.

 

Expenses

 

The Company will reimburse you for any expenses that you may incur
properly and reasonably in performing your duties.  Such expenses would include reasonable
external professional fees if circumstances should arise in which it was
necessary for you to seek independent professional advice in order to discharge
your responsibilities as a Non-Executive Director of the Company.  In such a situation, you are required to
discuss the issue either with me or one of your non-executive colleagues in
advance.

 

Other than set out in this letter, the terms of your original letter of
appointment continue to apply.

 

Please would you sign and return the enclosed duplicate copy of this
letter to the Company Secretary to confirm your agreement to the above terms.

 

The Company looks forward to continuing to work with you in the future.

 

Yours sincerely

 

 

A G L
Alexander

Joint Vice Chairman

For and on behalf of Imperial Tobacco Group PLC

 

 

I, Derek Bonham, agree to the above terms of appointment as Chairman of
Imperial Tobacco Group PLC.

 

	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  2006

  

 

 

30 January 2006

 

Private & Confidential

Addressee only

 

Mr I J G Napier

c/o Imperial
Tobacco Group PLC

PO Box 244

Upton Road

Bristol 
BS99 7UJ

 

Dear Iain

 

Imperial Tobacco Group PLC (“the Company”)
and confirmation of your appointment to the Board as a Non-Executive Director

 

My colleagues and I are pleased to confirm your position as a
Non-Executive Director, Joint Vice Chairman and, with effect from the
conclusion of the Annual General Meeting to be held on 31 January 2006,
Senior Independent Director of the Company. 
This letter details the main terms attached to this office.

 

Duties

 

You will be required to attend Board meetings of the Company.  The Board meets five times each year and
normally the meetings are held in Bristol. 
The next Annual General Meeting will be held on 31 January 2006.

 

You are already aware of how the Board works and what authorities are
delegated to the Group Chief Executive and his executive director colleagues.

 

In addition to attending Board meetings you also currently serve on the
Remuneration, Audit and the Nominations Committees.  The Remuneration Committee will meet at least
twice a year and the Audit Committee at least three times a year.  You have been informed of the roles of these
Committees.  You should attend, wherever
possible, all meetings of the Committees on which you serve.

 

In addition, you will be expected to devote the appropriate preparation
time ahead of each meeting.  The total
time commitment required is dependent on the Committees on which you are asked
to serve but it is anticipated to be in the region of 24-30 days per year.  By accepting this appointment, you have
confirmed that you are able to allocate sufficient time to meet the
expectations of your role.  The agreement
of the Chairman should be sought before accepting additional commitments that
might impact on the time you are able to devote to your role as a Non-Executive
Director, Joint Vice Chairman and Senior Independent Director of the Company.

 

I need hardly remind you that the liabilities and obligations of
directors of listed companies are more onerous and more rigorously enforced
than those relating to private companies. 
In common with the rest of the Board, you are therefore expected to
comply with the terms of the Financial Services Authority’s Model Code for
transactions by directors of listed companies (a copy of which is available from
the Company Secretary) and specifically with any insider dealing rules adopted
by the company from time to time.

 

 

Appointment

 

Following this confirmation of appointment, your position will be
reviewed annually prior to the AGM.  All
appointments and re-appointments to the Board are, of course, subject to the
Company’s Articles of Association and are contingent on satisfactory
performance.

 

Your appointment is terminable at the will of the parties.

 

If you are not re-elected to your position as a director of the Company
by the shareholders at any time and for any reason then this appointment shall
terminate automatically and with immediate effect.

 

On termination of the appointment for any reason you shall only be
entitled to such fees as may have accrued to the date of the termination
together with reimbursement in the normal way of any expenses properly incurred
prior to that date.

 

Remuneration

 

The fee is at present £75,000 per annum with respect to your role as
Vice Chairman with a further £10,000 per annum attaching to your role as
Chairman of the Remuneration Committee, payable monthly in arrears, subject to
UK statutory deductions of which £20,000 per annum, less UK statutory
deductions, will be applied on your behalf to the purchase of the Company’s
shares on the London Stock Exchange, to be held by a nominee for the duration
of your appointment.

 

Expenses

 

The Company will reimburse you for any expenses that you may incur
properly and reasonably in performing your duties.  Such expenses would include reasonable
external professional fees if circumstances should arise in which it was
necessary for you to seek independent professional advice in order to discharge
your responsibilities as a Non-Executive Director of the Company.  In such a situation, you are required to
discuss the issue either with me or one of your non-executive colleagues in
advance.

 

Other than set out in this letter, the terms of your original letter of
appointment continue to apply.

 

Please would you sign and return the enclosed duplicate copy of this
letter to the Company Secretary to confirm your agreement to the above terms.

 

The Company looks forward to continuing to work with you in the future.

 

Yours sincerely

 

 

D C Bonham

Chairman

For and on behalf of Imperial Tobacco Group PLC

 

 

I, Iain Napier, agree to the above terms of appointment as a
Non-Executive Director, Joint Vice Chairman and Senior Independent Director of
Imperial Tobacco Group PLC.

 

	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  2006

  

 

 

30 January 2006

 

Private & Confidential

Addressee only

 

Dr P H Jungels

c/o Imperial
Tobacco Group PLC

PO Box 244

Upton Road

Bristol BS99 7UJ

 

Dear Pierre,

 

Imperial Tobacco Group PLC (“the Company”)
and confirmation of your appointment to the Board as a Non-Executive Director

 

My colleagues and I are pleased to confirm your position as a
Non-Executive Director of the Company. 
This letter details the main terms attached to this office.

 

Duties

 

You will be required to attend Board meetings of the Company.  The Board meets five times each year and
normally the meetings are held in Bristol. 
The next Annual General Meeting will be held on 31January 2006.

 

You are already aware of how the Board works and what authorities are
delegated to the Group Chief Executive and his executive director colleagues.

 

In addition to attending Board meetings you also currently serve on the
Company’s Nominations Committee, the Remuneration Committee and the Audit
Committee.  The Remuneration Committee
meats at least twice a year and the Audit Committee meets
at least three times a year.  You have
been informed of the roles of these Committees. 
You should attend, wherever possible, all meetings of the Committees on
which you serve.

 

In addition, you will be expected to devote the appropriate preparation
time ahead of each meeting.  The total
time commitment required is dependent on the Committees on which you are asked
to serve but it is anticipated to be in the region of 20 days per year.  By accepting this appointment, you have
confirmed that you are able to allocate sufficient time to meet the
expectations of your role.  The agreement
of the Chairman should be sought before accepting additional commitments that
might impact on the time you are able to devote to your role as a Non-Executive
Director of the Company.

 

I need hardly remind you that the liabilities and obligations of
directors of listed companies are more onerous and more rigorously enforced
than those relating to private companies. 
In common with the rest of the Board, you are therefore expected to
comply with the terms of the Financial Services Authority’s Model Code for
transactions by directors of listed companies (a copy of which is available
from the Company Secretary) and specifically with any insider dealing rules adopted
by the company from time to time.

 

 

Appointment

 

Following this confirmation of appointment, your position will be
reviewed annually prior to the AGM.  All
appointments and re-appointments to the Board are, of course, subject to the
Company’s Articles of Association and are contingent on satisfactory
performance.

 

Your appointment is terminable at the will of the parties.

 

If you are not re-elected to your position as a director of the Company
by the shareholders at any time and for any reason then this appointment shall
terminate automatically and with immediate effect.

 

On termination of the appointment for any reason you shall only be
entitled to such fees as may have accrued to the date of the termination
together with reimbursement in the normal way of any expenses properly incurred
prior to that date.

 

Remuneration

 

The fee is at present £50,000 per annum, payable monthly in arrears,
subject to UK statutory deductions, of which £10,000 per annum, less statutory
deductions, will be applied on your behalf to the purchase of the Company’s shares
on the London Stock Exchange to be held by a nominee for the duration of your
appointment.

 

Expenses

 

The Company will reimburse you for any expenses that you may incur
properly and reasonably in performing your duties.  Such expenses would include reasonable
external professional fees if circumstances should arise in which it was
necessary for you to seek independent professional advice in order to discharge
your responsibilities as a Non-Executive Director of the Company.  In such a situation, you are required to
discuss the issue either with me or the Senior Independent Director in advance.

 

Other than set out in this letter, the terms of your original letter of
appointment continue to apply.

 

Please would you sign and return the enclosed duplicate copy of this
letter to the Company Secretary to confirm your agreement to the above terms.

 

The Company looks forward to continuing to work with you in the future.

 

Yours sincerely

 

 

D C Bonham

Chairman

For and on behalf of Imperial Tobacco Group PLC

 

 

I, Pierre Jungels, agree to the above terms of appointment as a
Non-Executive Director of Imperial Tobacco Group PLC.

 

	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  2006

  

 

 

30 January 2006

 

Private & Confidential

Addressee only

 

Ms S E Murray

c/o Imperial
Tobacco Group PLC

PO Box 244

Upton Road

Bristol 
BS99 7UJ

 

Dear Susan,

 

Imperial Tobacco Group PLC (“the Company”)
and confirmation of your appointment to the Board as a Non-Executive Director

 

My colleagues and I are pleased to confirm your position as a
Non-Executive Director of the Company. 
This letter details the main terms attached to this office.

 

Duties

 

You will be required to attend Board meetings of the Company.  The Board meets five times each year and
normally the meetings are held in Bristol. 
The next Annual General Meeting will be held on 31January 2006.

 

You are already aware of how the Board works and what authorities are
delegated to the Group Chief Executive and his executive director colleagues.

 

In addition to attending Board meetings you currently serve on the Company’s
Nominations Committee, and it has been agreed that you will also serve on the
Remuneration Committee and the Audit Committee with effect from the conclusion
of the above mentioned AGM.  The
Remuneration Committee meets at least twice a year and the Audit Committee
meets at least three times a year.  You
have been informed of the roles of these Committees.  You should attend, wherever possible, all
meetings of the Committees on which you serve.

 

In addition, you will be expected to devote the appropriate preparation
time ahead of each meeting.  The total
time commitment required is dependent on the Committees on which you are asked
to serve but it is anticipated to be in the region of 20 days per year.  By accepting this appointment, you have
confirmed that you are able to allocate sufficient time to meet the
expectations of your role.  The agreement
of the Chairman should be sought before accepting additional commitments that
might impact on the time you are able to devote to your role as a Non-Executive
Director of the Company.

 

I need hardly remind you that the liabilities and obligations of
directors of listed companies are more onerous and more rigorously enforced
than those relating to private companies. 
In common with the rest of the Board, you are therefore expected to
comply with the terms of the Financial Services Authority’s Model Code for
transactions by directors of listed companies (a copy of which is available
from the Company Secretary) and specifically with any insider dealing rules adopted
by the company from time to time.

 

 

Appointment

 

Following this confirmation of appointment, your position will be
reviewed annually prior to the AGM.  All
appointments and re-appointments to the Board are, of course, subject to the
Company’s Articles of Association and are contingent on satisfactory
performance.

 

Your appointment is terminable at the will of the parties.

 

If you are not re-elected to your position as a director of the Company
by the shareholders at any time and for any reason then this appointment shall
terminate automatically and with immediate effect.

 

On termination of the appointment for any reason you shall only be
entitled to such fees as may have accrued to the date of the termination
together with reimbursement in the normal way of any expenses properly incurred
prior to that date.

 

Remuneration

 

The fee is at present £50,000 per annum, payable monthly in arrears,
subject to UK statutory deductions, of which £10,000 per annum, less statutory
deductions, will be applied on your behalf to the purchase of the Company’s
shares on the London Stock Exchange to be held by a nominee for the duration of
your appointment.

 

Expenses

 

The Company will reimburse you for any expenses that you may incur
properly and reasonably in performing your duties.  Such expenses would include reasonable
external professional fees if circumstances should arise in which it was
necessary for you to seek independent professional advice in order to discharge
your responsibilities as a Non-Executive Director of the Company.  In such a situation, you are required to
discuss the issue either with me or the Senior Independent Director in advance.

 

Other than set out in this letter, the terms of your original letter of
appointment continue to apply.

 

Please would you sign and return the enclosed duplicate copy of this
letter to the Company Secretary to confirm your agreement to the above terms.

 

The Company looks forward to continuing to work with you in the future.

 

Yours sincerely

 

 

D C Bonham

Chairman

For and on behalf of Imperial Tobacco Group PLC

 

I, Susan Murray, agree to the above terms of appointment as a
Non-Executive Director of Imperial Tobacco Group PLC.

 

	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  2006Exhibit 4.14

 

Prospectus

 

Imperial Tobacco Finance PLC

(Incorporated with limited liability in England aid Wales with registered number 3214426)

 

Imperial Tobacco Finance (2) PLC

(Incorporated with limited liability in England and Wales with
registered number
05667337)

 

€10,000,000,000

Debt Issuance Programme

Irrevocably and unconditionally guaranteed by

 

Imperial Tobacco Group PLC

(Incorporated with limited liability in England and Wales with
registered number
3236483)

 

This Prospectus amends, restates and supersedes the offering circular
dated 2nd June 2004. Any Notes issued after the date hereof under the Debt
Issuance Programme described in this Prospectus (the “Programme”) are issued
subject to the provisions set out herein. This Prospectus will not be effective
in respect of any Notes issued under the Programme prior to the date hereof.

 

Under the Programme, Imperial Tobacco Finance PLC and Imperial Tobacco
Finance (2) PLC (each an “Issuer” and together, the “Issuers”), subject to
compliance with all relevant laws, regulations and directives, may from time to
time issue debt securities (the “Notes”) guaranteed by Imperial Tobacco Group
PLC (the “Guarantor” or “Imperial Tobacco”). The aggregate nominal amount of
Notes outstanding will not at any time exceed €10,000,000,000 (or the
equivalent in other currencies).

 

Application has been made to the Financial Services Authority in its
capacity as competent authority under the Financial Services and Markets Act
2000 (the “UK Listing Authority”) for Notes issued under the Programme for the
period of 12 months from the date of this Prospectus to be admitted to the
official list of the UK listing Authority (the “Official List”) and to the
London Stock Exchange plc (the “London Stock Exchange”) for such Notes to be
admitted to trading on the London Stock Exchange’s EEA Regulated Market (the “Market”).
References In this Prospectus to Notes being “listed” (and all related
references) shall mean that such Notes have been admitted to trading on the
Market and have been admitted to the Official List. The Market is a regulated
market for the purposes of the Investment Services Directive (93/22/EEC).
However, unlisted Notes may be issued pursuant to the Programme. The relevant
Final Terms (as defined below) in respect of the Issue of any Notes will
specify whether or not such Notes will be listed on the Official List and
admitted to trading on the Market (or any other stock exchange).

 

Each Series (as defined below) of Notes in bearer form will be
represented on issue by a temporary global note in bearer form (each a “temporary
Global Note”) or a permanent global note in bearer form (each a “permanent
Global Note”). Notes in registered form will be represented by registered
certificates (each a “Certificate”), one Certificate being issued in respect of
each Noteholder’s entire holding of Registered Notes of one Series. Global
Notes and Certificates may be deposited on the issue date with a common
depositary on behalf of Euroclear Bank S.A/N.V., as operator of the Euroclear
System (“Euroclear”) and Clearstream Banking, société anonyme (“Clearstream,
Luxembourg”). The provisions governing the exchange of interests in Global
Notes for other Global Notes and definitive Notes are described in “Summary of
Provisions Relating to the Notes while In Global Form”.

 

Tranches of Notes (as defined below) may be rated or unrated. Where a
Tranche of Notes is rated, the applicable rating(s) will be specified in the
relevant Final Terms. A rating is not a recommendation to buy, sell or hold
Notes and may be subject to suspension, reduction or withdrawal at any time by
the assigning rating agency.

 

In the case of any Notes which are to be admitted to trading on a
regulated market within the European Economic Area or offered to the public in
a Member State of the European Economic Area in circumstances which require the
publication of a prospectus under the Prospectus Directive (2003/71/EC) (the “Prospectus
Directive”), the minimum denomination shall be €50,000 (or its equivalent in
any other currency as at the date of issue of the Notes).

 

Prospective investors should have regard to the factors described under
the section headed “Risk Factors” in this Prospectus.

 

Arranger

JPMorgan Cazenove

Dealers

 

	
  ABN AMRO

  	
   

  	
  Barclays Capital

  
	
  BayernLB

  	
   

  	
  BNP PARIBAS

  
	
  Calyon Corporate and Investment Bank

  	
   

  	
  Citigroup

  
	
  Commerzbank Corporates & Markets

  	
   

  	
  Deutsche Bank

  
	
  HSBC

  	
   

  	
  ING Wholesale Banking

  
	
  JPMorgan Cazenove

  	
   

  	
  Morgan Stanley

  
	
  The Royal Bank of Scotland

  	
   

  	
  WestLB AG

  
	
   

  	
   

  	
   

  
	
  13th January 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]