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Mazoon Assets Company (5.20% Nov 2027): 09 November 2017

The Certificates will be constituted by a Declaration of Trust dated 8 November 2017 entered into between Mazoon Electricity Company S.A.O.C. (the Trustee, in its capacity as Issuer and as Trustee for and on behalf of holders of the Certificates) and Citibank N.A. London Branch. Pursuant to the Declaration of Trust, the Trustee will declare that it will hold the Trust Assets (upon trust absolutely) for the Certificate holders pro rata according to the face amount of the Certificates held by each Certificate holder in accordance with the Declaration of Trust and the Terms and Conditions of such Certificates.

Mazoon is registered in Oman, undertaking regulated distribution and supply of electricity in Dakhilyiah, North Sharqiya, South Sharqiya and South Al Batinah governorates of Oman under a license issued by the AER.

The Trust Assets will consist of all of the Trustee’s rights, title, interests, benefits and other entitlements, present and future, in and to the Lease Assets.

The transaction structure relating to the Certificates has been reviewed by the Shari’ah advisors of J.P. Morgan Securities plc and KFH Capital Investment Company K.S.C.C. (each a Shari’ah Advisor).

Volcker Rule: The Trustee is not and, solely after giving effect to any offering and sale of the Certificates and the application of the proceeds thereof, will not be a “covered fund” for purposes of regulations adopted under Section 13 of the Bank Holding Company Act of 1956, as amended.