NOTICE OF REDEMPTION

NOTICE IS HEREBY GIVEN that, pursuant to Sections 3.01, 3.03, 3.07(b) and 3.07(c) of the indenture dated as of November 16, 2011 (the "Indenture”), among, inter alios, UPCB Finance V Limited, as issuer (the "Issuer”), and The Bank of New York Mellon, as trustee (the "Trustee”), transfer agent and as paying agent (the "Paying Agent”), and paragraph (vii)(a) of the Notes issued thereunder, the Issuer has elected to redeem and will redeem (the "Redemption”) all of the Notes outstanding on the Redemption Date (as defined below), at the redemption price of (the "Redemption Price”) (A) 103% of the principal amount in respect of 10% of the original aggregate principal amount of the Notes to be redeemed, plus Additional Amounts (as defined in the Indenture), if any, plus accrued and unpaid interest to the date of the Redemption and (B) 100% of the principal amount plus the Applicable Premium (as defined in the Indenture) as of the date of Redemption in respect of the remainder of the Notes outstanding on the Redemption Date, plus Additional Amounts, if any, plus accrued and unpaid interest to the date of the Redemption. The date of the Redemption will be August 24, 2016 (the "Redemption Date”). The record date will be August 23, 2016, which is one Business Day prior to the Redemption Date.

Unless the Issuer defaults in paying the Redemption Price, interest on the Notes will cease to accrue on and after the Redemption Date, and the only remaining right of the holders of the Notes after the Redemption Date shall be the right to receive payment of the Redemption Price upon surrender to the Paying Agent of the Notes.

The Notes must be surrendered to the Paying Agent to collect the Redemption Price at the following address:

The Bank of New York Mellon
One Canada Square
London E14 5AL
United Kingdom

By: UPCB Finance V Limited, as Issuer
Dated: July 25, 2016

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