Common use of Form, Denomination and Title Clause in Contracts

Form, Denomination and Title. The VPS Notes are in uncertificated book-entry form in the currency (the Specified Currency) and the denominations (the Specified Denomination(s)) specified in the applicable Final Terms. VPS Notes of one Specified Denomination may not be exchanged for VPS Notes of another Specified Denomination. VPS Notes will be registered with a separate securities identification code in the VPS. This VPS Note may be a Fixed Rate Note, a Floating Rate Note or a Zero Coupon Note, or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms. The holder of a VPS Note will be the person evidenced as such by a book entry in the records of the VPS. The Issuer and the VPS Trustee may rely on a certificate of the VPS or one issued on behalf of the VPS by an account-carrying institution as to a particular person being a VPS Noteholder. Title to the VPS Notes will pass by registration in the VPS between the direct or indirect accountholders at the VPS in accordance with the rules and procedures of the VPS that are in force from time to time. Where a nominee is so evidenced, it shall be treated by the Issuer as the holder of the relevant VPS Note. Each person (other than Euroclear Bank SA/NV (Euroclear) or Clearstream Banking S.A. (Clearstream, Luxembourg)) who is for the time being shown in the records of the VPS as the holder of a particular nominal amount of VPS Notes shall be treated by the Issuer, the VPS Trustee and the VPS Agent as the holder of such nominal amount of such VPS Notes for all purposes. VPS Notes will be transferable only in accordance with the rules and procedures for the time being of the VPS.

Form, Denomination and Title. The VPS Notes are in uncertificated book-entry bearer form and, in the case of definitive Notes, serially numbered, in the currency (the Specified Currency) and the denominations denomination(s) (the Specified Denomination(s)) specified in the applicable Final Terms. VPS Notes of one Specified Denomination may not be exchanged for VPS Notes of another Specified Denomination. VPS Notes will be registered with a separate securities identification code in the VPS. This VPS Note may be a Fixed Rate Note, a Floating Rate Note or Note, a Zero Coupon Note, or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms. The holder of a VPS Note will be the person evidenced as such by a book entry Definitive Notes are issued with Coupons attached, unless they are Zero Coupon Notes in which case references to Coupons and Couponholders in the records of Conditions are not applicable. Subject as set out below, title to the VPSNotes and Coupons will pass by delivery. The Issuer and the VPS Trustee may rely on a certificate Paying Agents will (except as otherwise required by law) deem and treat the bearer of any Note or Coupon as the absolute owner thereof (whether or not overdue and notwithstanding any notice of ownership or writing thereon or notice of any previous loss or theft thereof) for all purposes but, in the case of any Global Note, without prejudice to the provisions set out in the next succeeding paragraph. For so long as any of the VPS or one issued Notes is represented by a Global Note held on behalf of the VPS by an account-carrying institution as to a particular person being a VPS Noteholder. Title to the VPS Notes will pass by registration in the VPS between the direct or indirect accountholders at the VPS in accordance with the rules and procedures of the VPS that are in force from time to time. Where a nominee is so evidenced, it shall be treated by the Issuer as the holder of the relevant VPS Note. Each person (other than Euroclear Bank SA/NV (Euroclear) or and/or Clearstream Banking S.A. SA (Clearstream, Luxembourg), each person (other than Euroclear or Clearstream, Luxembourg) who is for the time being shown in the records of the VPS Euroclear or of Clearstream, Luxembourg as the holder of a particular nominal amount of VPS such Notes (in which regard any certificate or other document issued by Euroclear or Clearstream, Luxembourg as to the nominal amount of such Notes standing to the account of any person shall be conclusive and binding for all purposes save in the case of manifest error) shall be treated by the Issuer, the VPS Trustee Issuer and the VPS Paying Agents as the holder of such nominal amount of such Notes for all purposes other than with respect to the payment of principal or interest on such nominal amount of such Notes, for which purpose the bearer of the relevant Global Note shall be treated by the Issuer and any Paying Agent as the holder of such nominal amount of such VPS Notes for all purposesin accordance with and subject to the terms of the relevant Global Note and the expressions Noteholder and holder of Notes and related expressions shall be construed accordingly. VPS Notes which are represented by a Global Note will be transferable only in accordance with the rules and procedures for the time being of Euroclear and Clearstream, Luxembourg, as the VPScase may be. References to Euroclear and/or Clearstream, Luxembourg shall, whenever the context so permits, be deemed to include a reference to any additional or alternative clearing system specified in Part B of the applicable Final Terms.

Form, Denomination and Title. The Notes, other than VPS Notes, are issued in bearer form (“Bearer Notes”) or in registered form (“Registered Notes”). The Notes are issued in uncertificated book-entry form in the currency (the Specified Currency) and the denominations (the Specified Denomination(s)) specified shown in the applicable Final Terms. The VPS Notes of one Specified Denomination may not be exchanged for VPS Notes of another Specified Denominationare issued in uncertificated and dematerialised book entry form in accordance with the Norwegian Central Securities Despository Register Act 2019 (Lov om verdipapirsentraler og verdipapiroppgjør mv. VPS Notes will be registered with a separate securities identification code in the VPSav 2019 15. Mars nr. 6). This VPS Note may be is a Fixed Rate Note, a Floating Rate Note or Note, a Zero Coupon Note, Note or a combination of any of the foregoingforegoing or any other kind of Note, depending upon the Interest and Redemption/Payment Basis shown as specified in the applicable Final Terms. Bearer Notes are serially numbered and are issued with Coupons (and, where appropriate, a Talon) attached, save in the case of Zero Coupon Notes in which case references to interest (other than in relation to interest due after the Maturity Date), Coupons and Talons in these Conditions are not applicable. Registered Notes are represented by registered certificates (“Certificates”) and, save as provided in Condition 2(c), each Certificate shall represent the entire holding of Registered Notes by the same holder. The holder VPS Notes shall be regarded as Registered Notes for the purposes of a these Conditions save to the extent these Conditions are inconsistent with Norwegian laws, regulations and operating procedures applicable to and/or issued by VPS Note for the time being (the “VPS Rules”). No physical VPS Notes or certificates will be the person evidenced as such by a book entry issued in the records of the VPS. The Issuer and the VPS Trustee may rely on a certificate respect of the VPS Notes and the provisions in these Conditions relating to presentation, surrender or one issued on behalf replacement of such physical Notes or certificates shall not apply to the VPS Notes. Title to the Bearer Notes and the Coupons and Talons shall pass by delivery. Title to the Registered Notes shall pass by registration in the register that the Issuer shall procure to be kept by the Registrar in accordance with the provisions of the VPS Agency Agreement (the “Register”). Except as ordered by a court of competent jurisdiction or as required by law, the holder (as defined below) of any Note, Coupon or Talon shall be deemed to be and may be treated as its absolute owner for all purposes whether or not it is overdue and regardless of any notice of ownership, trust or an account-carrying institution as to a particular interest in it, any writing on it (or on the Certificate representing it) or its theft or loss (or that of the related Certificate) and no person being a VPS Noteholdershall be liable for so treating the holder. Title to the VPS Notes will shall pass by registration in the register (the “VPS between Register”) in accordance with the direct or indirect accountholders at the VPS Rules. The Issuer shall be entitled to obtain information from VPS in accordance with the rules and procedures VPS Rules. Except as ordered by a court of competent jurisdiction or as required by law, the holder (as defined below) of any VPS that are in force from time to time. Where a nominee is so evidenced, it Note shall be treated by the Issuer as the holder of the relevant VPS Note. Each person (other than Euroclear Bank SA/NV (Euroclear) or Clearstream Banking S.A. (Clearstream, Luxembourg)) who is for the time being shown in the records of the VPS as the holder of a particular nominal amount of VPS Notes shall deemed to be and may be treated by the Issuer, the VPS Trustee and the VPS Agent as the holder of such nominal amount of such VPS Notes its absolute owner for all purposes. VPS Notes will , whether or not it is overdue and regardless of any notice of ownership, trust or an interest in it and no person shall be transferable only in accordance with liable for so treating the rules and procedures for the time being of the VPSholder.