Корпоративное действие E.M.I.S. FINANCE B. TBF 28/05/10 — important information

Event details
Information source: the Bank of New York Mellon, Global Corporate Trust, London.

Notice is hereby given to the noteholders that, pursuant to the default in payment of interest due in respect of the notes on the interest payment date falling on 30 November 2009 : (I) a relevant event has occurred under the loan agreement, (II) an event of default has occurred under condition 8(A)  of the notes, and (III) the notes have become immediately due and repayable under condition 6(B)  of the notes (a mandatory redemption event).

By virtue of the occurrence of a relevant event under the loan agreement the trustee may, under clause 21.17 of the loan agreement, by notice to the borrower: (I) cancel the facility (as defined in the loan agreement), (II) declare that all or part of an advance (as defined in the loan agreement), together with accrued interest, and all other amounts accrued or outstanding under the finance documents ( as defined in the loan agreement) be immediately due and payable, and/or (III) declare that all or part of the advance be payable on demand.

By virtue of the occurrence of the mandatory redemption event, the security constituted by the constituting instrument has become enforceable, in each case as provided in condition 6(E ) of the notes.

The trustee does not presently intend to take any action to enforce the security constituted by the constituting instrument and/or to declare the loan to be immediately due and repayable unless directed in writing by the holders of at least one-fifth in principal amount of the notes or by an extraordinary resolution of the noteholders and , in each case, subject to the trustee being indemnified to its satisfaction, but the trustee reserves all of its rights to take whatever action it deems necessary at any time during the continuance of the relevant event, the mandatory redemption event and the event of default and failure to take immediate action does not constitute a waiver of such rights.

Please refer to the online documentation for further details.

This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction.

It is not, and should not be construed or treated as, investment or financial advice. in providing this information, euroclear bank is not acting as agent of the issuer.

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