Division CHAPTER II RESTRUCTURING COMMITMENTS

United Kingdom

1. (1)Division (1)
2. (2)Division (2)
3. (3)Division (3)
4. (4)Division (4)
5. (5)Division (5)
6. (6)Division (6)
7. (7)Division (7)
8. (8)Deleverage of non-Greek assets by 30 June 2018: The Greek authorities commit that the Bank shall fulfil at least one of the following two conditions at 30 June 2018:
9. (9)Division (9)
10. (10)Sale of securities: The portfolio of listed securities, defined as follows, shall be divested by […] while the portfolio of unlisted securities shall be divested by […]: these portfolios include all equity investments larger than EUR […] million, as well as all investments in subordinated bonds and hybrid bonds. This commitment shall not apply to the participations in foreign subsidiaries or to investments in the following entities:
11. (11)For any sale performed to comply with the sale or divestment commitments included in this document, the Hellenic Republic commits that:
12. (12)Investment policy: Until 30 June 2017, the Bank shall not purchase non-investment grade securities.
13. (13)Division (13)