NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:18 pm – mac5 – 3776 Section 05 : 3776 Section 052003/48/EC on the taxation of savings income or any law implementing or complyingwith, or introduced to conform to, such Directive.Notice of any termination or appointment and of any changes in specified offices will begiven to the Certificateholders promptly by the Issuer in accordance with Condition 17.11. CAPITAL DISTRIBUTIONS OF TRUST11.1 Scheduled DissolutionUnless the Trust Certificates are redeemed earlier, each Trust Certificate will be redeemedon the Maturity Date at its Final Dissolution Amount together with any accrued and payablebut unpaid Periodic Distribution Amount payable. Upon payment in full of such amounts andthe termination of the Trust, the Trust Certificates shall cease to represent interests in theTrust Assets and no further amounts shall be payable in respect thereof and the Issuer andthe Trustee shall have no further obligations in respect thereof.11.2 Early Dissolution for Tax ReasonsThe Trust Certificates may be redeemed at the option of the Issuer in whole, but not in part:(a)(b)at any time (if the Floating Periodic Distribution Provisions are not specified in theapplicable Final Terms as being applicable); oron any Periodic Distribution Date (if the Floating Periodic Distribution Provisions arespecified in the applicable Final Terms as being applicable),on giving not less than 30 nor more than 60 days’ notice to the Certificateholders inaccordance with Condition 17 (which notice shall be irrevocable), at their Early DissolutionAmount (Tax), together with Periodic Distribution Amounts accrued (if any) to the DissolutionDate, if:(i)(ii)(A) the Issuer has or will become obliged to pay additional amounts as provided orreferred to in Condition 12 as a result of any change in, or amendment to, the laws orregulations of a Relevant Jurisdiction or any change in the application or officialinterpretation of such laws or regulations, which change or amendment becomeseffective on or after the Issue Date and (B) such obligation cannot be avoided by theIssuer taking reasonable measures available to it; or(A) the Issuer has received notice from the Mudarib that it has or will become obligedto pay additional amounts pursuant to the terms of the Mudarabah Agreement as aresult of any change in, or amendment to, the laws or regulations of a RelevantJurisdiction or any change in the application or official interpretation of such laws orregulations, which change or amendment becomes effective on or after the IssueDate and (B) such obligation cannot be avoided by the Mudarib taking reasonablemeasures available to it,provided, however, that no such notice of dissolution shall be given earlier than:(A)where the Trust Certificates may be dissolved at any time, 90 days prior to the earliestdate on which the Issuer would be obliged to pay such additional amounts if apayment in respect of the Trust Certificates were then due or (in the case of (ii) above)the Mudarib would be obliged to pay such additional amounts if a payment to theIssuer under the Mudarabah Agreement was then due; or(B) where the Trust Certificates may be dissolved only on a Periodic Distribution Date, 60days prior to the Periodic Distribution Date occurring immediately before the earliestdate on which the Issuer would be obliged to pay such additional amounts if apayment in respect of the Trust Certificates were then due or (in the case of (ii) above)48