COREALCREDIT BANK AG
COREALCREDIT BANK AG
COREALCREDIT BANK AG
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General<br />
SELLING RESTRICTIONS<br />
Each Dealer has agreed that it will comply with all applicable securities laws and regulations in<br />
force in any jurisdiction in which it purchases, offers, sells or delivers Notes or possesses or<br />
distributes the Prospectus and will obtain any consent, approval or permission required by it for the<br />
purchase, offer, sale or delivery by it of Notes under the laws and regulations in force in any<br />
jurisdiction to which it is subject or in which it makes such purchases, offers, sales or deliveries<br />
and neither the Issuer and any other Dealer shall have any responsibility therefor. Neither the<br />
Issuer nor any of the Dealers has represented that Notes may at any time lawfully be sold in<br />
compliance with any applicable registration or other requirements in any jurisdiction, or pursuant to<br />
any exemption available thereunder, or assumes any responsibility for facilitating such sale.<br />
With regard to each Tranche, the relevant Dealer(s) will be required to comply with such other<br />
additional restrictions as the Issuer and the relevant Dealer(s) shall agree and as shall be set out<br />
in the applicable Final Terms.<br />
United States of America<br />
The Notes and the Guarantee, if any, to be issued upon substitution of the debtor in accordance<br />
with the terms and conditions of the Notes have not been and will not be registered under the<br />
Securities Act, and the Notes may not be offered or sold within the United States or to, or for the<br />
account or benefit of U.S. persons except in accordance with Regulation S or pursuant to an<br />
exemption from the registration requirements of the Securities Act.<br />
The Notes are subject to U.S. tax law requirements and may not be offered, sold or delivered<br />
within the United States or its possessions or to a United States person, except in certain<br />
transactions permitted by U.S. tax regulations. Terms used in this paragraph have the meanings<br />
given to them by the U.S. Internal Revenue Code of 1986, as amended, and regulations<br />
thereunder.<br />
Each Dealer has agreed, and each further Dealer appointed under the Programme will be required<br />
to agree, that, except as permitted by the Dealer Agreement, it will not offer, sell or deliver Notes of<br />
any Series and the Guarantee, if any, (i) as part of their distribution at any time and (ii) otherwise<br />
until 40 days after the completion of the distribution of an identifiable tranche of which such Notes<br />
are a part, as determined and certified to the Fiscal Agent by such Dealer (or, in the case of a sale<br />
of an identifiable tranche of Notes to or through more than one Dealer, by such Dealers with<br />
respect to the Notes of an identifiable tranche purchased by or through it, in which case the Fiscal<br />
Agent shall notify each Delaer when all such Dealers have so certified), within the United States or<br />
to, or for the account or benefit of, U.S. persons, and it will have sent to each dealer that<br />
purchases Notes from it during the distribution compliance period a confirmation or notice setting<br />
out the restrictions on offers and sales of the Notes and the Guarantee, if any, within the United<br />
States or to, or for the account or benefit of, U.S. persons.Terms used in this paragraph have the<br />
meanings given to them by Regulation S.<br />
In addition, until 40 days after the commencement of the offering of an identifiable tranche of the<br />
such Notes or the Guarantee, if any, an offer or sale of Notes or the Guarantee within the United<br />
States by any dealer (whether or not participating in the offering) may violate the registration<br />
requirements of the Securities Act.<br />
In addition, the following will be applicable to Notes to which the TEFRA D Rules apply: The Notes<br />
are subject to U.S. tax law requirements and may not be offered, sold or delivered within the<br />
United States or its possessions or to a United States person, except in certain transactions<br />
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