15 November 2019
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Subject to paragraph I (Introduction) and the other matters set out in this letter and its Schedules, it is our opinion that, as at today’s date:
The Guarantor has been incorporated and is existing as a company under the laws of England. The Searches gave no indication that any winding up, dissolution or administration order or appointment of a receiver, administrator, administrative receiver or similar officer has been made with respect to the Guarantor.
The execution of the Indenture has been duly authorised by all necessary corporate action on the part of the Guarantor.
The Guarantor has the requisite corporate capacity to enter into the Indenture and to perform its obligations thereunder.
The Indenture and the notation of Guarantee contained therein have been duly executed by the Guarantor.
The entry into and performance of its obligations under the Indenture by the Guarantor does not:
| 1. | violate the provisions of its articles of association; or |
| 2. | violate any existing laws of England applicable to companies generally. |
We express no opinion as to any agreement, instrument or other document other than as specified in this letter or as to any liability to tax which may arise or be suffered as a result of or in connection with the Registration Statement.
This letter only applies to those facts and circumstances which exist as at today’s date and we assume no obligation or responsibility to update or supplement this letter to reflect any facts or circumstances which may subsequently come to our attention, any changes in laws which may occur after today, or to inform the addressee of any change in circumstances happening after the date of this letter which would alter our opinions.
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