One time Issuer Call (all but not some only) at 100% of the principal amount, exercisable on the Call Date, subject to any Relevant Supervisory Consent (if applicable)

Call Date: 28 May 2032

Loss Absorption Disqualification Event Redemption:

Following the occurrence of a Loss Absorption Disqualification Event, the Issuer may, in its sole discretion, redeem all (but not some only) of the Notes, at a redemption price equal to 100% of their principal amount, plus any accrued and unpaid interest to (but excluding) the applicable redemption date, subject to any Relevant Supervisory Consent (if applicable) and as further set out in the conditions of the Notes.

If this Condition 6(i) is specified as being applicable in the relevant Final Terms, then, following the occurrence of a Loss Absorption Disqualification Event and subject to Condition 6(j) (Supervisory Consent), the Issuer may, on giving not less than 30 nor more than 60 days' notice (or such other period specified in the relevant Final Terms) (ending, in the case of Floating Rate Notes, on an Interest Payment Date) to the Trustee (with a copy to the Principal Paying Agent) and to the Noteholders in accordance with Condition 13 (Notices), at its option, redeem all, but not some only, of the Notes (such option to redeem being referred to herein as a "Loss Absorption Disqualification Event Early Redemption Option") at the Loss Absorption Disqualification Event Early Redemption Price specified in the relevant Final Terms, together with interest accrued and unpaid, if any, to the date fixed for redemption.

"Loss Absorption Disqualification Event" in relation to any Series of Notes, shall be deemed to have occurred if such Series of Notes becomes fully or partially ineligible to count towards the Issuer's and/or the Group's minimum requirements for (A) own funds and eligible liabilities and/or (B) loss absorbing capacity, in each case as determined in accordance with and pursuant to the relevant Loss Absorption Regulations applicable to the Issuer and/or the Group, as a result of any:

(a) Loss Absorption Regulation becoming effective after the Issue Date of the first Tranche of such Series of Notes; or

(b) amendment to, or change in, any Loss Absorption Regulation, or any change in the application or official interpretation of any Loss Absorption Regulation, in any such case becoming effective on or after the Issue Date of the first Tranche of such Series of Notes, provided, however, that a Loss Absorption Disqualification Event shall not occur where the exclusion of the Notes from the relevant minimum requirement(s) is due to the remaining maturity of the Notes being less than any period prescribed by any applicable eligibility criteria for such minimum requirement(s) under the relevant Loss Absorption Regulations effective with respect to the Issuer and/or the Group on the Issue Date of the first Tranche of Notes of the relevant Series;