TERP is the theoretical ex-Rights price of one Share in the Capital Increase, calculated according to the following formula: TERP = (Nold x Pcum + Nnew x Prights) / (Nold + Nnew) Pcum is the Current Market Price of one Share on the date on which the Shares are first traded ex-Rights on the Relevant Exchange Nold is the number of Shares existing before the Capital Increase