OFFERING

Founded in 1889, The Law Debenture Group is one of the oldest companies listed on the London Stock Exchange (ticker : LWDB).

Acting independently from the Issuer and the Arranger as Trustee to the Programme, Law Debenture protects the interests of the investors holding the Notes.

CACEIS is a European leader in asset servicing and one of the major players worldwide. Part of Credit Agricole group, CACEIS has 2.7 trillion USD under custody as of 31/12/17.

Acting as the Issue Agent, CACEIS converts the documentation into a tradeable bond with an ISIN code. In its role as Paying Agent, CACEIS monitors and manages independently all the payments (interests / redemption / maturity) made by the Issuer to the investors.

For Notes which are backed by a portfolio of listed assets, CACEIS and other custody solutions are available.

All the Notes issued by the issuer can be purchased via Euroclear/ Clearstream, ensuring easy process and settlement through one of the world's leading providers in cross-border and domestic settlement.

All the Notes issued are listed on a recognized exchange in order for the investors to benefit from the quoted Eurobond exemption.

A member of the "Big 4", KPMG is one of the world's leading audit firms. KPMG audits the Programme and the accounts of the Issuer on a yearly basis.

The Programme provides for the possibility to appoint a Portfolio Manager, who will manage the assets backing the Notes.

Bond Central Ltd acts as Arranger and as such is responsible for certain marketing, management and administration services in respect to the Programme, including day-to-day client management.