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Under the Euro Medium Term Note Programme ... - Finance - EDF

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Subscription and Sale<br />

Section 274 of <strong>the</strong> Securities and Futures Act, Chapter 289 of Singapore (<strong>the</strong> "SFA"), (ii) to a<br />

relevant person pursuant to Section 275(1), or any person pursuant to Section 275(1A), and<br />

in accordance with <strong>the</strong> conditions specified in Section 275, of <strong>the</strong> SFA, or (iii) o<strong>the</strong>rwise<br />

pursuant to, and in accordance with <strong>the</strong> conditions of, any o<strong>the</strong>r applicable provision of <strong>the</strong><br />

SFA.<br />

Where <strong>Note</strong>s are subscribed or purchased under Section 275 of <strong>the</strong> SFA by a relevant<br />

person which is:<br />

(a)<br />

(b)<br />

a corporation (which is not an accredited investor (as defined in Section 4A of<br />

<strong>the</strong> SFA)) <strong>the</strong> sole business of which is to hold investments and <strong>the</strong> entire<br />

share capital of which is owned by one or more individuals, each of whom is<br />

an accredited investor; or<br />

a trust (where <strong>the</strong> trustee is not an accredited investor) whose sole purpose is<br />

to hold investments and each beneficiary of <strong>the</strong> trust is an individual who is<br />

an accredited investor,<br />

securities (as defined in Section 239(1) of <strong>the</strong> SFA) of that corporation or <strong>the</strong> beneficiaries’<br />

rights and interest (howsoever described) in that trust shall not be transferred within six<br />

months after that corporation or that trust has acquired <strong>the</strong> <strong>Note</strong>s pursuant to an offer made<br />

under Section 275 of <strong>the</strong> SFA except:<br />

(i)<br />

(ii)<br />

(iii)<br />

(iv)<br />

to an institutional investor or to a relevant person defined in Section<br />

275(2) of <strong>the</strong> SFA, or to any person arising from an offer referred to in<br />

Section 275(1A) or Section 276(4)(i)(B) of <strong>the</strong> SFA;<br />

where no consideration is or will be given for <strong>the</strong> transfer;<br />

where <strong>the</strong> transfer is by operation of law; or<br />

as specified in Section 276(7) of <strong>the</strong> SFA.<br />

General<br />

These selling restrictions may be modified by <strong>the</strong> agreement of <strong>the</strong> Issuer and <strong>the</strong> Dealers<br />

following a change in a relevant law, regulation or directive. Any such modification or<br />

supplement will be set out in <strong>the</strong> Final <strong>Term</strong>s issued in respect of <strong>the</strong> issue of <strong>Note</strong>s to which<br />

it relates or in a Supplement to <strong>the</strong> Base Prospectus.<br />

Save as stated herein, no action has been taken in any jurisdiction that would permit an offer<br />

to <strong>the</strong> public of any of <strong>the</strong> <strong>Note</strong>s, or possession or distribution of <strong>the</strong> Base Prospectus or any<br />

o<strong>the</strong>r offering material or any Final <strong>Term</strong>s, in any country or jurisdiction where action for that<br />

purpose is required.<br />

Each Dealer has agreed that it will, to <strong>the</strong> best of its knowledge, comply with all relevant<br />

laws, regulations and directives in each jurisdiction in which it purchases, offers, sells or<br />

delivers <strong>Note</strong>s or has in its possession or distributes <strong>the</strong> Base Prospectus, any o<strong>the</strong>r offering<br />

material or any Final <strong>Term</strong>s and nei<strong>the</strong>r any of <strong>the</strong> Issuer nor any o<strong>the</strong>r Dealer shall have<br />

responsibility <strong>the</strong>refor.<br />

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