Template:Nutshell Equity Derivatives 11.3

11.3. Adjustments to Certain Share Transactions and Share Basket Transactions in European Currencies. If any Shares originally quoted, in a pre-Euro currency are at any time after the Trade Date quoted exclusively in euro on the relevant Exchange or principal market, the Calculation Agent will adjust any variable relevant to the Transaction to preserve the economic terms of the Transaction. The Calculation Agent will make necessary conversions as of the Valuation Time at an appropriate mid-market spot rate as at the Valuation Time. No adjustments under this Section will affect the denomination of any payment obligation arising out of the Transaction.