The issue of medium-term notes of up to Kenya Shillings twenty billion (KSHS20,000,000,000) within the Republic of Kenya by the Issuer was duly authorised pursuant to a resolution of the Board of Directors passed on15 September2025.
The statements in these Conditions include summaries of, and are subject to, the detailed provisions of the Agency Agreement and the Trust Deed. Noteholders are deemed to have notice of all the provisions of the Agency Agreement and the Trust Deed, copies of which are available for inspection at the registered office of the Issuer and the specified offices of the Paying Agent and the Registrar and the Note Trustee respectively in accordance with the provisions of the Agency Agreement and the Trust Deed and the Information Memorandum.
In addition, electronic copies of the Agency Agreement and the Trust Deed are also available for inspection and download by through the electronic platform established by the Issuer for the purposes of the offering and issuance of the Notes.
The expressions “Calculation Agent”, “Paying Agent” and “Registrar” shall include any successor Paying Agent and Registrar appointed pursuant to the Agency Agreement. The expressions “Note Trustee” shall include any successor Note Trustee appointed pursuant to the Trust Deed.
Unless otherwise stated or the context otherwise requires, words and expressions used in these Conditions that are used but not defined in the conditions shall have the same meanings as given to them in the Agency Agreement or the Trust Deed.
These Conditions may be supplemented or varied in accordance with the provisions of the relevant Pricing Supplement, which itself may specify other terms and conditions which shall, to the extent so specified or if inconsistent with these Conditions, replace or modify the Conditions set out herein for the purpose of that Tranche of Notes.
The Pricing Supplement may contain any other defined terms as are agreed by the Issuer and the Agent as being necessary with respect to any Tranche of Notes issued under the Programme.