SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

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Condition 11 (Events of Default). The Trustee shall not be obliged to take any action if not indemnified to its satisfaction. 12
Terms of Series 149 EUR15,000,000 Limited Recourse Secured Floating Rate Credit- Linked Notes due 2008 are set out in the Issue Terms below. ISSUE TERMS The Securities referred to below are Single Name Physically Settled Credit-Linked Securities credit-linked to Citigroup Inc. and any Successors only. Upon the occurrence of a Credit Event and satisfaction of the Conditions to Settlement with respect to the Reference Entity and/or any Obligation of the Reference Entity, the Securities will be redeemed in whole by physical settlement (subject to the occurrence of a Succession Event pursuant to Condition CL9 (Succession Event Applicable) and to the delivery of multiple Credit Event Notices pursuant to Condition CL10 (Restructuring Credit Event Applicable)). The Securities have the Terms as set out in these Issue Terms, which will complete and modify (i) the Bearer Securities Base Conditions Module, June 2007 Edition (the Bearer Securities Base Conditions Module), (ii) the General Definitions Module, June 2007 Edition, (the General Definitions Module), (iii) the Credit-Linked Securities Conditions Module, June 2007 Edition (the Credit-Linked Securities Conditions Module) and (iv) the Credit-Linked Definitions Module, June 2007 Edition (the Credit-Linked Definitions Module), all of which are incorporated by reference into these Issue Terms (together, the Conditions). 1. Issuer: Xenon Capital Public Limited Company. 2. Description of Securities: Series 149 EUR15,000,000 Limited Recourse Secured Floating Rate Credit-Linked Notes due 2008. 3. (a) Issue Date: 11th September, 2007. INTEREST (b) Issue Price: 100 per cent. of the aggregate nominal amount. 4. The Securities are Floating Rate Securities which pay interest at the applicable Rate of Interest set out in paragraph 4(f) below on their Outstanding Principal Amount on the Specified Interest Payment Dates set out below. (a) Interest Rate Basis: Floating Rate. (b) Specified Interest Payment Dates: Subject to Condition CL4 (Interest), paragraph 4(h) below and Condition 7(g) (Cessation of interest), 11th March, 11th June, 11th September and 11th December commencing on (and including) 11th December, 2007 to (and including) the Scheduled Termination Date or (if later than the Scheduled Termination Date) the Maturity Date, in each case subject to adjustment in accordance with the Business Day Convention specified below. The Scheduled Termination Date 13
Page 1 and 2: SUPPLEMENTAL INFORMATION MEMORANDUM
Page 3 and 4: Memorandum or any other information
Page 5 and 6: RISK FACTORS The purchase of the Se
Page 7 and 8: provision that the Trustee shall ag
Page 9 and 10: to the Counterparty, the Swap Guara
Page 11: Furthermore, he may sell assets the
Page 15 and 16: Default has occurred under Conditio
Page 17 and 18: (g) Settlement Currency: Euros (“
Page 19 and 20: nominal amount equal to the Notiona
Page 21 and 22: (c) Counterparty's rights to assign
Page 23 and 24: EC1A 1HQ, or any one of its Affilia
Page 25 and 26: USE OF PROCEEDS The net proceeds of
Page 27 and 28: B. Description of Merrill Lynch S.A
Page 29 and 30: The Swap Guarantor provides these p
Page 31: REGISTERED OFFICE OF THE ISSUER Xen

SUPPLEMENTAL INFORMATION MEMORANDUM XENON ...

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