REPLACEMENT OF THE UNDERLYING INDEX

SG ISSUER

NOTICE TO LEVERAGED PRODUCTS HOLDERS

AS OF 25 OCTOBER 2018

REPLACEMENT OF THE UNDERLYING INDEX

Information is hereby given to the holders of the Notes that Solactive AG (the Index Sponsor of the above-mentioned Underlying Indices) has taken the decision:

- to terminate the calculation and publication of the Underlying Indices (the "Original Indices") with effect to the close of business on 1 November 2018; and

- to start the calculation and publication of the following successor indices with effect as of 18 October 2018 (the "Start Date"):

In respect of each Successor Index, the initial index value on the Start Date was equal to 1,000.

Pursuant to Condition 3.1.B(y) of the Additional Terms and Conditions for Index Linked Leveraged Products of the Base Prospects, each of the Underlying Indices will be deemed replaced by its respective Successor Index with effect from 2 November 2018.

For each issue of Notes, the amended and restated version of the Final Terms will be published on the website www.sglistedproducts.co.uk.

Capitalised terms used but not defined herein shall have the meaning given to them in the Base Prospectus as supplemented by each set of Final Terms for each issue of Warrants.

For further information, please contact:

SG Issuer

c/o Computershare Investor Services PLC

The Pavilions

Bridgwater Road

Bristol

BS13 8AE

Telephone: +44 (0) 870 702 0003

Fax: +44 (0) 870 703 6218

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the base prospectus dated 27 October 2017 of SG ISSUER (the "Base Prospectus") and the Final Terms relating to the Notes described above may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectus and/or the Final Terms) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Base Prospectus and/or the Final Terms is not addressed. Prior to relying on the information contained in the Base Prospectus and/or the Final Terms you must ascertain from the Base Prospectus and/or the Final Terms whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.