TAILIEUCHUNG - Leon Bonds Invitation Document

This Invitation Document is important and requires your immediate attention if you want to apply for Leon Bonds. If you are in any doubt about the action you should take or the contents of this Invitation Document, you should contact your bank manager, solicitor, accountant, stockbroker or other professional adviser who is authorised by the Financial Services Authority to conduct investment business and who specialises in advising on investment in bonds, shares and other securities, including unlisted securities. This Invitation Document is an invitation to apply for Leon Bonds, on the terms and conditions set out in this Invitation Document and the Leon Bond Instrument (copies of which are available at ), the principal terms of. | LEON BONDS INVITATION DOCUMENT IMPORTANT INFORMATION This Invitation Document is important and requires your immediate attention if you want to apply for Leon Bonds. If you are in any doubt about the action you should take or the contents of this Invitation Document you should contact your bank manager solicitor accountant stockbroker or other professional adviser who is authorised by the Financial Services Authority to conduct investment business and who specialises in advising on investment in bonds shares and other securities including unlisted securities. This Invitation Document is an invitation to apply for Leon Bonds on the terms and conditions set out in this Invitation Document and the Leon Bond Instrument copies of which are available at theleonbond the principal terms of which are set out on pages 6 to 7 of this Invitation Document. The Leon Bonds will be non-convertible unsecured non-transferable and will provide investors with a return in the form of Icon Pounds and quarterly prize draws. The Leon Bonds will be repayable in three years time at the option of Bondholders. Investment in the Leon Bonds involves certain risks. For a discussion of the benefits and risks that should be considered in connection with an investment please see the section headed Risk Factors on page 22 of this Invitation Document. The historical performance of the Leon Group is no indication of its future performance. The Leon Bonds are an unsecured debt of the Company and they may not be a suitable investment for all people receiving this Invitation Document. Prospective investors should consider carefully whether an investment in the Leon Bonds is suitable for them in the light of their personal circumstances. Investors should not apply for any Leon Bonds referred to in this Invitation Document except on the basis of the information published in this Invitation Document and the Leon Bond Instrument. The Leon Bonds are not shares and do not confer any .

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