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Bondholder Communications Bulletin

The purpose of this document is to clarify certain misconceptions (particularly with regard to timeliness) around how issuers, through their agents, and trustees communicate with bondholders via Euroclear Bank and Clearstream Banking Luxembourg (the “ICSDs”).

It also identifies an aspect that could be improved. Please note that the scope of this document only covers issues primarily issued through and held directly with one or both of the ICSDs (i.e. normally with XS prefix ISINs).

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