Stabilisation Notice
May 21 2008 - 1:00AM
UK Regulatory
RNS Number : 9270U
Citigroup Global Markets Limited
20 May 2008
20 May 2008
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be
unlawful.
KOMMUNALBANKEN
Stabilisation Notice
Citigroup Global Markets Limited. (contact: Syndicate Desk 0207 986 9000) hereby gives notice that the Stabilising Manager(s) named
below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the
Market Abuse Directive (2003/6/EC).
The securities: (See note 1)
Issuer: KOMMUNALBANKEN
Guarantor (if any):
Aggregate nominal amount: USD 1,000,000,000
Description: 3.25% Notes Due 2011
Offer price: 99.751
Other offer terms(See Note 2)
Stabilisation:
Stabilising Manager(s):(See Citigroup Global Markets LimitedMorgan
Note 3) Stanley & Co InternationalRBC Capital
Markets
Stabilisation period expected 20 May 2008
to start on:(See Note 4)
Stabilisation period expected (30 days after the proposed issue date of
to end no later than:(See Note the securities) (See Note 6)
5)
Maximum size of over-allotment 5% of the aggregate nominal amount stated
facility:(See Note 7) above.
Notes
1 Article 8(4) of the Regulation requires disclosure of the terms of the
offer (including the spread to the benchmark, if any, once it has been
fixed).
2 For example, in a convertible offering, include conversion price.
Delete if inapplicable.
3 Article 9(1)(d) requires disclosure of the identity of the
stabilisation managers.
4 Article 9(1)(c) requires disclosure of the beginning of the
stabilisation period.
5 Article 9(1)(c) requires disclosure of the end of the stabilisation
period.
6 Alternatively, if shorter, the stabilisation period must end no later
than 60 days after the date of the allotment.
In connection with the offer of the above securities, the Stabilising Manager(s) may over-allot the securities or effect transactions
with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no
assurance that the Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any
time.(See Note 8)
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
This announcement and the offer of the securities to which it relates are directed only at persons outside the United Kingdom and
persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within
article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other
persons in the United Kingdom. (See Note 9)
In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made
in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State,
the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent
authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another
Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement
and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the
Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other
persons in that Member State. (See Note 10)
This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be,
registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an
exemption from registration. There will be no public offer of securities in the United States.
Notes
7 Article 9(1)(e) requires disclosure of the existence and maximum size
of any overallotment facility. The disclosure should reflect the terms
of the underwriting/dealer agreement.
8 Article 9(1)(a) of the Regulation requires disclosure of the fact that
stabilisation may be undertaken, that there is no assurance that it
will be undertaken and that it may be stopped at any time.
9 Article 12(4)(a) and (b) and (5) of the Financial Promotion Order. In
addition, in order to rely on the safe harbour under article 12(3),
the communication should not be referred to in, or be directly
accessible from, any other communication made to or directed at other
kinds of persons in the UK by the co-ordinating stabilising manager
(article 12(4)(c) and (6)(c) Financial Promotion Order) and the
co-ordinating stabilising manager should have in place proper systems
and procedures to prevent recipients in the UK (other than those to
whom the communication might otherwise lawfully have been made by the
co-ordinating stabilising manager or a member of its group) engaging
in investment activity to which the announcement relates with the
co-ordinating stabilising manager or a member of its group (article
12(4)(e) Financial Promotion Order).
10 Article 3(2) Prospectus Directive.
END
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