<SEC-DOCUMENT>0000891092-21-003855.txt : 20210428
<SEC-HEADER>0000891092-21-003855.hdr.sgml : 20210428
<ACCEPTANCE-DATETIME>20210428082753
ACCESSION NUMBER:		0000891092-21-003855
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20210428
DATE AS OF CHANGE:		20210428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OMNICOM GROUP INC.
		CENTRAL INDEX KEY:			0000029989
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		IRS NUMBER:				131514814
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-236502
		FILM NUMBER:		21861483

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2124153600

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OMNICOM GROUP INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOYLE DANE BERNBACH GROUP INC
		DATE OF NAME CHANGE:	19861117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOYLE DANE BERNBACH INTERNATIONAL INC
		DATE OF NAME CHANGE:	19850604
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>e13348-424b5.htm
<DESCRIPTION>PRELIMINARY PROSPECTUS SUPPLEMENT
<TEXT>
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<DIV ALIGN="JUSTIFY"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Red">The
                                            information in this preliminary prospectus supplement is not complete and may be changed.
                                            This preliminary prospectus supplement and the accompanying prospectus are not an offer to
                                            sell these securities, and they are not soliciting an offer to buy these securities, in any
                                            jurisdiction where the offer or sale is not permitted.<BR></FONT></DIV></P>
<P ALIGN="CENTER"><DIV ALIGN="CENTER" STYLE="margin-bottom: 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Red"><B>SUBJECT
                  TO COMPLETION, DATED APRIL 28, 2021</B></FONT></DIV></P>


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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-top: 0pt; width: 50%; padding-bottom: 0pt">Preliminary Prospectus
Supplement</TD>
  <TD STYLE="padding-top: 0pt; text-align: right; width: 50%; padding-bottom: 0pt">Filed pursuant to Rule 424(b)(5)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="padding-top: 0pt; padding-bottom: 0pt"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">
(to prospectus dated February 19, 2020)</TD>
  <TD STYLE="padding-top: 0pt; text-align: right; padding-bottom: 0pt">Registration No. 333-236502</TD></TR>
</TABLE>


<P STYLE="margin-bottom: 0pt; margin-top: 12pt; text-align: left"><IMG SRC="omnismall.jpg" ALT=""></P>

<P STYLE="margin-bottom: 0pt; margin-top: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 11pt"><B>OMNICOM GROUP
INC.<BR>
$<BR>
<I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes due 20<BR>
Issue price:</I></B></FONT></P>

<P STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B><I>Interest payable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and</I></B></FONT></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">The&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; % Senior Notes
due 20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (the &#147;notes&#148;) will be issued by Omnicom Group Inc. (the &#147;Issuer&#148;). The notes
will bear interest at the rate of % per annum. Interest on the notes will be payable semi-annually in arrears
on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of each year, beginning
on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 2021. The Issuer may redeem all or part of the notes at any time at the applicable redemption
price as described under the caption &#147;Description of Notes &#151; Optional Redemption&#148; on page S-11 of this prospectus supplement and
&#147;Description of U.S. Debt Securities&#148; on page 8 of the accompanying prospectus.</FONT></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">If the Issuer experiences a change of control triggering event,
unless the Issuer has exercised its option to redeem the notes, the Issuer will be required to offer to purchase the notes from holders as described
under the caption &#147;Description of Notes &#151; Repurchase at the Option of Holders Upon Change of Control Triggering Event.&#148;</FONT></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT">The notes will be the unsecured and unsubordinated obligations of
the Issuer and will rank equal in right of payment to all of its existing and future unsecured senior indebtedness.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT">The notes are a new issue of securities with no established
trading market. The Issuer does not intend to list the notes on any securities exchange or include the notes in any automated quotation
system.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Investing in the notes involves risks. See &#147;Risk
Factors&#148; beginning on page S-6 of this prospectus supplement and under &#147;Item 1A. Risk Factors&#148; in the Issuer&#146;s Annual Report on
Form 10-K for the year ended December 31, 2020, which is incorporated by reference into this prospectus supplement and the accompanying
prospectus.</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-bottom: 6pt"><B>Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or determined whether this prospectus is truthful or complete. Any representation
to the contrary is a criminal offense.</B></FONT></DIV></P>
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     <TD STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"></TD>
     <TD STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"></FONT></TD>
     <TD COLSPAN="3" STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"><B>Price
     to Public<SUP>(1)</SUP></B></FONT></TD>
     <TD STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"></FONT></TD>
     <TD COLSPAN="3" STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"><B>Underwriting<BR>
     Discount</B></FONT></TD>
     <TD STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"></FONT></TD>
     <TD COLSPAN="3" STYLE="border-top: Black 2pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"><B>Proceeds,<BR>
     Before Expenses</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">Per note<BR></DIV></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid"></TD>
     <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">%<BR></DIV></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid"></TD>
     <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">%<BR></DIV></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid"></TD>
     <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">%<BR></DIV></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 64%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">Total</DIV></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid; width: 5%"></TD>
     <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: Black 1pt solid; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid; width: 5%"></TD>
     <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: Black 1pt solid; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid; width: 5%"></TD>
     <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: Black 1pt solid; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TABLE>

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<TR VALIGN="TOP">
     <TD WIDTH="2%" ALIGN="LEFT" nowrap><DIV ><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)&nbsp;&nbsp;</FONT></DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt">Plus accrued interest from
     &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 2021, if settlement occurs after that date.</FONT></TD>
</TR>
</TABLE>
<P STYLE="text-align: left; margin-top: 12pt"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">The notes are expected to be delivered through the book-entry
facilities of The Depository Trust Company and its participants, including Euroclear Bank S.A./N.V. and Clearstream Banking, <I>soci&eacute;t&eacute;
anonyme</I>, Luxembourg on or about &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 2021.</FONT></P>
<P STYLE="text-align: center; margin-bottom: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><I>Joint Book-Running
                  Managers</I></B></FONT></P>
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     <TD STYLE="text-align: left; width: 33%"><DIV STYLE="text-align: left; margin-left: 0px; text-indent: 0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt"><B>Barclays</B></FONT></DIV></FONT></TD>
     <TD STYLE="text-align: center; width: 34%"><DIV STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 14pt"><B>Citigroup<BR></B></FONT></DIV></FONT></TD>
     <TD STYLE="text-align: right; width: 33%"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 14pt"><B>Wells Fargo
     Securities</B></FONT></TD>
</TR></TABLE>
&nbsp;<BR>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2021</B></FONT></P>
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<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"></FONT></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B>TABLE OF CONTENTS</B></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B>PROSPECTUS SUPPLEMENT</B></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B></B></FONT></DIV></P>
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<TR VALIGN="TOP">
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">&nbsp;</DIV></FONT></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="font-size: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><B>Page</B></DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-top: 6pt; text-align: left; width: 95%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro1">ABOUT THIS PROSPECTUS SUPPLEMENT</A></DIV></FONT></TD>
     <TD STYLE="padding-top: 6pt; text-align: right; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-ii</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro2">SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-iii</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro3">SUMMARY</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-1</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro5">RISK FACTORS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-6</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro6">USE OF PROCEEDS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-8</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro7">CAPITALIZATION</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-9</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro9">DESCRIPTION OF NOTES</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-10</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro10">CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-18</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro11">UNDERWRITING</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-24</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro12">LEGAL MATTERS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-30</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro13">EXPERTS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-30</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8401_pro14">WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">S-31</FONT></TD>
</TABLE>
&nbsp;<BR>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B>PROSPECTUS</B></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B></B></FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="TOP">
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">&nbsp;</DIV></FONT></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="font-size: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><B>Page</B></DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-top: 6pt; text-align: left; width: 95%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro1">THE COMPANY</A></DIV></FONT></TD>
     <TD STYLE="padding-top: 6pt; text-align: right; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">1</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro2">ABOUT THIS PROSPECTUS </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">3</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro3">WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">3</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro4">SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">4</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro5">USE OF PROCEEDS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">5</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro6">DESCRIPTION OF OMNICOM GROUP INC. COMMON STOCK</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">5</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro7">DESCRIPTION OF OMNICOM GROUP INC. PREFERRED STOCK </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">6</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro8">DESCRIPTION OF U.S. DEBT SECURITIES</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">8</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro9">DESCRIPTION OF INTERNATIONAL DEBT SECURITIES </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">14</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro10">DESCRIPTION OF OMNICOM GROUP INC. SUBSCRIPTION RIGHTS </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">24</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro11">DESCRIPTION OF OMNICOM GROUP INC. WARRANTS</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">25</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro12">PLAN OF DISTRIBUTION </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">26</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro13">VALIDITY OF SECURITIES</A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">27</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt"><A HREF="#e8385_pro14">EXPERTS </A></DIV></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">27</FONT></TD>
</TABLE>
&nbsp;<BR>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-i<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"></FONT></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro1"></A>ABOUT THIS PROSPECTUS
SUPPLEMENT</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement and the
accompanying prospectus are part of a registration statement that we filed with the Securities and Exchange Commission, or SEC, utilizing the
&#147;shelf&#148; registration process. Under this shelf registration process, we may, from time to time, sell the securities described in the
accompanying prospectus in one or more offerings. You should read both this prospectus supplement and the accompanying prospectus together with the
additional information described under the heading &#147;Where You Can Find More Information; Incorporation by Reference&#148; on page S-31 of this
prospectus supplement and on page 3 of the accompanying prospectus.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We have not, and the underwriters and
their affiliates have not, authorized anyone to provide you with any information or to make any representation not contained in or incorporated by
reference into this prospectus supplement, the accompanying prospectus or any free writing prospectus related hereto that we may authorize to be
delivered to you. If given or made, any such other information or representation should not be relied upon as having been authorized by us or the
underwriters or their affiliates. We are not, and the underwriters and their affiliates are not, making an offer to sell, or seeking offers to buy,
these securities in any jurisdiction where the offer or sale is not permitted. The information contained in this prospectus supplement, the
accompanying prospectus and the documents incorporated by reference is accurate only as of their respective dates. Our business, financial condition,
results of operations and prospects may have changed since those respective dates.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">When used in this prospectus supplement,
the term &#147;Omnicom Group&#148; refers to Omnicom Group Inc. together with its consolidated subsidiaries; the terms &#147;Company,&#148;
&#147;Issuer,&#148; &#147;we,&#148; &#147;us&#148; and &#147;our&#148; refer only to Omnicom Group Inc. and not its consolidated subsidiaries, in each
case, unless the context otherwise requires or indicates. References in this prospectus supplement to &#147;U.S. dollars,&#148; &#147;U.S. $&#148; or
&#147;$&#148; are to the currency of the United States of America.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-ii<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 4 -->
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro2"></A>SPECIAL NOTE ON FORWARD-LOOKING
STATEMENTS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Certain statements in this prospectus
supplement, the accompanying prospectus and the documents incorporated by reference constitute forward-looking statements, including statements within
the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, we or our representatives have made, or may make,
forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events,
results of operations or financial condition, or otherwise, based on current beliefs of our management as well as assumptions made by, and information
currently available to, our management. Forward-looking statements may be accompanied by words such as &#147;aim,&#148; &#147;anticipate,&#148;
&#147;believe,&#148; &#147;plan,&#148; &#147;could,&#148; &#147;should,&#148; &#147;would,&#148; &#147;estimate,&#148; &#147;expect,&#148;
&#147;forecast,&#148; &#147;future,&#148; &#147;guidance,&#148; &#147;intend,&#148; &#147;may,&#148; &#147;will,&#148; &#147;possible,&#148;
&#147;potential,&#148; &#147;predict,&#148; &#147;project&#148; or similar words, phrases or expressions. These forward-looking statements are subject
to various risks and uncertainties, many of which are outside our control. Therefore, you should not place undue reliance on such statements. Factors
that could cause actual results to differ materially from those in the forward-looking statements include: the impact of the COVID-19 pandemic;
international, national or local economic conditions that could adversely affect us or our clients; losses on media purchases and production costs
incurred on behalf of clients; reductions in client spending, a slowdown in client payments and a deterioration in the credit markets; the ability to
attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing and corporate communications
requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes relating to competitive factors in the
advertising, marketing and corporate communications industries; the ability to hire and retain key personnel; currency exchange rate fluctuations;
reliance on information technology systems; changes in legislation or governmental regulations affecting us or our clients; risks associated with
assumptions we make in connection with our critical accounting estimates and legal proceedings; and our international operations, which are subject to
the risks of currency repatriation restrictions, social or political conditions and regulatory environment. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect our business, including those
described in Item 1A, &#147;Risk Factors&#148; and Item 7, &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#148; in the Issuer&#146;s Annual Report on Form 10-K for the year ended December 31, 2020 (the &#147;2020 10-K&#148;), which is
incorporated by reference into this prospectus supplement and the accompanying prospectus. Except as required under applicable law, we do not assume
any obligation to update these forward-looking statements.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-iii<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="JUSTIFY"><BR></FONT></DIV></P>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"></FONT></P>
<div style="border: 1pt solid black; padding: 9pt; width: 96%">
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro3"></A>SUMMARY</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><I>The following summary is qualified in
its entirety by the more detailed information included elsewhere or incorporated by reference into this prospectus supplement and the accompanying
prospectus. Because this is a summary, it may not contain all the information that may be important to you. You should read this prospectus supplement
and the accompanying prospectus, as well as the information incorporated by reference, in their entirety before making an investment
decision.</I></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group is a strategic holding
company providing advertising, marketing and corporate communications services to clients through its branded networks and agencies around the world.
Omnicom Group operates in a highly competitive industry and competes against other global, national and regional advertising and marketing services
companies, as well as technology, social media and professional services companies. The proliferation of media channels, including the rapid
development and integration of interactive technologies and media, has fragmented consumer audiences targeted by Omnicom Group&#146;s clients. These
developments make it more complex for marketers to reach their target audiences in a cost-effective way, causing them to turn to global service
providers such as Omnicom Group for a customized mix of advertising and marketing services designed to optimize their total marketing expenditure. As
described in the 2020 10-K, in 2020 the COVID-19 pandemic negatively impacted Omnicom Group&#146;s business.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">On a global, pan-regional and local
basis, Omnicom Group&#146;s branded networks and agencies operate in all major markets and provide services in the following fundamental disciplines:
advertising, customer relationship management, or CRM, public relations, and healthcare. Advertising includes creative services, as well as strategic
media planning and buying and data analytics services. Public relations services include corporate communications, crisis management, public affairs
and media and media relations services. Healthcare includes advertising and media services to global healthcare clients. In an effort to better capture
the expanding scope of its services, effective January 1, 2021, Omnicom Group realigned the classification of certain services primarily within its CRM
Consumer Experience discipline. As a result, Omnicom Group&#146;s CRM discipline has been reclassified into four categories: CRM Precision Marketing,
which includes Omnicom Group&#146;s precision marketing and digital/direct marketing agencies; CRM Commerce and Brand Consulting that is primarily
comprised of Omnicom Commerce Group, including Omnicom Group&#146;s shopper marketing businesses, and Omnicom Group&#146;s Brand Consulting agencies;
CRM Experiential, which includes Omnicom Group&#146;s experiential marketing agencies and events businesses; and CRM Execution &amp; Support, which
includes field marketing, merchandising and point of sale, as well as other specialized marketing and custom communications services. Omnicom
Group&#146;s business model was built and continues to evolve around its clients. While Omnicom Group&#146;s networks and agencies operate under
different names and frame their ideas in different disciplines, Omnicom Group organizes its services around its clients. Omnicom Group&#146;s
fundamental business principle is that its clients&#146; specific marketing requirements are the central focus of how Omnicom Group structures its
service offerings and allocates its resources. This client-centric business model requires that multiple agencies within Omnicom Group collaborate in
formal and informal virtual client networks utilizing Omnicom Group&#146;s key client matrix organization structure. This collaboration allows Omnicom
Group to cut across its internal organizational structures to execute its clients&#146; marketing requirements in a consistent and comprehensive
manner. Omnicom Group uses its client-centric approach to grow its business by expanding its service offerings to existing clients, moving into new
markets and obtaining new clients. In addition, Omnicom Group pursues selective acquisitions of complementary companies with strong entrepreneurial
management teams that typically currently serve or could serve its existing clients.</FONT></DIV></P></div>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-1<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<div style="border: 1pt solid black; padding: 9pt; width: 96%">
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-bottom: 12pt; text-indent: 21px">Driven by its clients&#146; continuous
demand for more effective and efficient marketing activities, Omnicom Group strives to provide an extensive range of advertising, marketing and
corporate communications services through various client-centric networks that are organized to meet specific client objectives. Omnicom Group&#146;s
service offerings include:</FONT></DIV></P>
<TABLE ALIGN="CENTER" CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 95%; font-size: 9pt">
<TR VALIGN="TOP">
     <TD STYLE="text-align: left; width: 70%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>advertising</DIV></FONT></TD>
     <TD STYLE="text-align: left; width: 30%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>investor relations</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>branding</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>marketing research</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>content marketing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Arial, Helvetica, sans-serif"><DIV>media planning and buying</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>corporate social responsibility consulting</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>merchandising and point of sale</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>crisis communications</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>mobile marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>custom publishing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>multi-cultural marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>data
analytics</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>non-profit marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>database management</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>organizational communications</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>digital/direct marketing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>package design</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>digital transformation</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>product placement</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>entertainment marketing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>promotional marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>experiential marketing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>public affairs</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>field marketing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>public relations</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>financial/corporate business-to-business advertising</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>retail marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>graphic arts/digital imaging</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>sales support</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>healthcare marketing and communications</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>search engine marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>instore design</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>shopper marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>interactive marketing</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>social media marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>&nbsp;</DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV>sports and event marketing</DIV></FONT></TD>
</TABLE>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; text-indent: 21px">Omnicom Group Inc. is incorporated in
New York and is a holding company. Its principal corporate offices are located at 280 Park Avenue, New York, New York; 1055 Washington Boulevard,
Stamford, Connecticut and 525 Okeechobee Boulevard, West Palm Beach, Florida. Its telephone numbers are (212) 415-3600, (203) 618-1500 and (561)
207-2200, respectively.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer&#146;s common stock is traded on the New York Stock Exchange under the symbol
                                                                   &#147;OMC.&#148; For additional information regarding Omnicom Group&#146;s business, see the 2020 10-K, and certain other SEC
                                                                   filings made by the Issuer that are incorporated by reference into this prospectus supplement. Copies of these filings may be
                                                                   obtained as described under &#147;Where You Can Find More Information; Incorporation by Reference&#148; on page S-31 of this
                                                                   prospectus supplement.</FONT></DIV></P></div>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-2<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="JUSTIFY"><BR></FONT></DIV></P>
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<div style="border: 1pt solid black; padding: 9pt; width: 96%">
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro4"></A>The Offering</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-bottom: 12pt; text-indent: 21px"><I>The summary below describes the
principal terms of the notes. Some of the terms and conditions described below are subject to important limitations and exceptions. See
&#147;Description of Notes&#148; in this prospectus supplement and &#147;Description of U.S. Debt Securities&#148; in the accompanying prospectus for a
more detailed description of the terms and conditions of the notes.</I></FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Issuer</B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Omnicom Group Inc.</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Notes Offered </B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
                     aggregate principal amount of &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; % Senior Notes due 20 &nbsp;&nbsp;&nbsp;&nbsp;
                     &nbsp;&nbsp;&nbsp;&nbsp; .</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Maturity</B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The notes will mature on &nbsp;&nbsp;&nbsp;&nbsp;
                     &nbsp;&nbsp;&nbsp;&nbsp; , 20 &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; .</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Interest Rate</B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The notes will bear interest from
                     &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; , 2021 at a rate equal to &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
                     % per year, payable semi-annually.</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Interest Payment<BR> Dates </B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
                     and &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; of each year, commencing &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
                     , 2021.</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left; width: 27%"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Ranking </B></FONT></DIV></FONT></TD>
     <TD STYLE="padding-bottom: 6pt; width: 2%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left; width: 71%"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The notes
                                            will:</FONT></DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></DIV></FONT></TD>
     <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">be general unsecured
                                  obligations of the Issuer;</FONT></DIV></FONT></TD>
</TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">rank equally in right of payment
     with all existing and any future unsecured senior and unsubordinated indebtedness of the Issuer;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">rank senior in right of payment
     to any existing and future indebtedness of the Issuer that is subordinated to the notes;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">be effectively subordinated
     to any existing and future secured indebtedness of the Issuer to the extent of the assets securing such indebtedness; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">be structurally subordinated
     to all existing and any future indebtedness and any other liabilities and commitments of the Issuer&#146;s subsidiaries.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As of March 31, 2021, Omnicom Group
                     had $5.8 billion aggregate principal amount of indebtedness outstanding, and on a pro forma basis after giving effect
                     to the issuance and sale of the notes offered hereby and the application of the estimated gross proceeds therefrom,
                     Omnicom Group would have had approximately $&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; billion aggregate
                     principal amount of indebtedness outstanding.</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">See &#147;Risk Factors &#151; The
                     Issuer&#146;s holding company structure may affect the Issuer&#146;s ability to meet its obligations under the notes&#148;
                     in this prospectus supplement.</FONT></DIV>

</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Denomination </B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The notes will be issued in denominations
                     of $2,000 and integral multiples of $1,000 in excess thereof.</FONT></DIV>

</FONT></TD>
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</TR>
</TABLE></div>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-3<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<DIV STYLE="margin-bottom: 6pt; border: black 1pt solid; padding: 9pt; width: 96%; margin-left: 0pt; text-indent: 0pt">
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="TOP"></FONT><TD STYLE="padding-bottom: 6pt; text-align: left"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Optional Redemption</B></FONT></DIV></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Prior to &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
                     (the date that is &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
                     months prior to the maturity date of the notes), the notes will be redeemable, as a whole or in part, at the Issuer&#146;s option, at any time or from time to time at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus a make-whole premium, together with accrued and unpaid interest thereon to, but excluding, the redemption date. On or after such date, the notes will be redeemable, as a whole or in part, at the Issuer&#146;s option, at any time or from time to time, upon mailed notice (or electronic notice, as applicable) to the registered address of each holder of such notes at least 15 days but not more than 60 days prior to the redemption at a redemption price of 100% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. See &#147;Description of Notes &#151; Optional Redemption.&#148;</FONT></DIV>

</TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Repurchase
                                            at the Option<BR>
 of Holders Upon Change <BR>
of Control Triggering Event </B></FONT></DIV></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><BR>
<BR>
Upon the occurrence of a &#147;Change of Control Triggering Event&#148; (as defined under &#147;Description of Notes &#151; Repurchase at the Option of Holders Upon Change of Control Triggering Event&#148;), unless the Issuer has exercised its option to redeem the notes, the Issuer will be required to make an offer to repurchase the notes at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to the date of repurchase.</FONT></DIV>

</TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Certain
                                            Covenants </B></FONT></DIV></FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The indenture governing the notes will contain covenants limiting our and our subsidiaries&#146; ability to, with certain exceptions:</FONT></DIV>

</TD>
</TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left; width: 27%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; width: 2%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left; width: 71%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">create
     certain liens; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#149;</FONT></TD>
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">consolidate
     or merge with, or convey, transfer or lease substantially all our assets to, another person.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">You should read &#147;Description of Notes&#148; on page S-10 in this prospectus supplement and &#147;Description of U.S. Debt Securities&#148; on page 8 of the accompanying prospectus for additional information on these covenants.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Use
                                            of Proceeds </B></FONT></DIV></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The net proceeds we receive from the sale of the notes offered hereby, after deducting the underwriting discount and estimated offering expenses payable by us, will be approximately $ million. We intend to use the net proceeds from the sale of the notes offered hereby, together with cash on hand, to redeem our 3.625% Senior Notes due 2022, which mature on May 1, 2022, and of which $1.25 billion aggregate principal amount was outstanding as of March 31, 2021. Pending the application of the net proceeds, we may invest such net proceeds in short-term investment grade obligations.</FONT></DIV>

</TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="padding-bottom: 6pt; text-align: left"><DIV><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Risk
                                            Factors </B></FONT></DIV></TD>
     <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><DIV><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">See &#147;Risk Factors&#148; beginning on page S-6 of this prospectus supplement and under &#147;Item 1A. Risk Factors&#148; in the 2020 10-K as well as the Issuer&#146;s other filings with the SEC that are incorporated by reference into this prospectus supplement and the accompanying prospectus for important information regarding us and an investment in the notes.</FONT></DIV>

</TD>
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</TR>
</TABLE></div>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-4<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="JUSTIFY"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="JUSTIFY"><BR></FONT></DIV></P>
<!-- agabop mode="main" last-style="h1" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"></FONT></P>
<DIV STYLE="margin-bottom: 6pt; border: black 1pt solid; padding: 9pt; width: 96%; margin-left: 0pt; text-indent: 0pt">
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="TOP">
     <TD STYLE="text-align: left; width: 27%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt"><B>Further Issuances </B></DIV></FONT></TD>
     <TD STYLE="text-align: left; width: 73%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt">We
will have the ability to &#147;reopen&#148; the notes offered hereby and issue additional notes having the same terms, except with respect to the issue
date, price to public, payment of interest accruing prior to the issue date of such further notes or except for the first payment of interest following
the issue date of such further notes.</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt"><B>Trustee </B></DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt">Deutsche Bank Trust Company Americas.</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt"><B>Governing Law </B></DIV></FONT></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt">The
indenture and the notes will be governed by, and construed in accordance with, the laws of the State of New York.</DIV></FONT></TD>
</TABLE></div>
&nbsp;<BR>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-5<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"></FONT></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro5"></A>RISK FACTORS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><I>In considering whether to purchase
notes, you should carefully consider all of the information contained in or incorporated by reference into this prospectus supplement and the
accompanying prospectus, including but not limited to the 2020 10-K and other information which may be incorporated by reference into this prospectus
supplement and the accompanying prospectus as provided under &#147;Where You Can Find More Information; Incorporation by Reference.&#148; Our ability
to achieve and maintain profitability and our ability to continue to fund our operations on an on-going basis will depend on a number of factors, some
of which are beyond our control. In addition to the risk factors set forth below, you should carefully consider the information under &#147;Special
Note on Forward-Looking Statements&#148; and the risk factors set forth under the caption &#147;Risk Factors&#148; contained in Item 1A of the 2020
10-K that are incorporated by reference into this prospectus supplement and the accompanying prospectus.</I></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>The Issuer&#146;s holding company structure may affect the
Issuer&#146;s ability to meet its obligations under the notes.</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes are the obligations solely of
the Issuer. The Issuer is a holding company and, accordingly, substantially all of its operations are conducted through its subsidiaries. As a result,
the Issuer&#146;s cash flow and its ability to make payments on its debt, including the notes, is dependent upon the earnings of these subsidiaries.
The Issuer is dependent on the distribution of earnings, loans or other payments by the subsidiaries to it to service its obligations in respect of the
notes and its other debt.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer&#146;s subsidiaries are
separate and distinct legal entities. These subsidiaries have no obligation to pay any amounts due on the notes or to provide the Issuer with funds for
its payment obligations, whether by dividends, distributions, repayment or making of loans or other payments. In addition, any payment or repayment of
dividends, distributions, loans or advances by these subsidiaries to the Issuer could be subject to legal or contractual restrictions. Payments to the
Issuer by the subsidiaries will also be contingent upon the subsidiaries&#146; earnings and business considerations. If the Issuer does not have
sufficient cash or liquidity is not otherwise available, the Issuer may not be able to make principal or interest payments on outstanding debt,
including under the notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Because of this structure, the notes
will be structurally subordinated to all indebtedness and other liabilities of the Issuer&#146;s subsidiaries (including liabilities to trade
creditors), which means that creditors of the Issuer&#146;s subsidiaries will have priority with respect to the assets of such subsidiaries over the
Issuer&#146;s claims (and therefore the claims of the Issuer&#146;s creditors, including holders of the notes). As of March 31, 2021, the operating
subsidiaries of the Issuer had approximately $13.0 billion of outstanding liabilities, which includes trade payables and excludes intercompany
liabilities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>The notes do not restrict the Issuer&#146;s ability to incur
additional debt, repurchase its securities or to take other actions that could negatively impact holders of the notes.</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer is not restricted under the
terms of the notes from incurring additional debt or repurchasing its securities. In addition, the indenture will not contain any covenants which
require the Issuer to achieve or maintain any minimum financial results relating to its financial position or results of operations. The Issuer&#146;s
ability to recapitalize, incur additional debt and take a number of other actions that are not limited by the terms of the notes could have the effect
of diminishing its ability to make payments on the notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>An active trading market for the notes may not
develop.</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes are a new issue of securities
with no established trading market. The notes will not be listed on any securities exchange or included in any automated quotation system. We cannot
provide you with any assurance regarding whether a trading market for the notes will develop, the ability of holders of the notes to sell their notes
or the prices at which holders may be able to sell their notes.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-6<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 10 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 11 -->
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><BR>To the extent that an active trading
market does not develop, the price at which you may be able to sell the notes, if at all, may be less than the price you pay for them.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If a trading market for the notes does
develop, changes in our credit ratings or the debt markets could adversely affect the market price of the notes. The price for the notes will depend on
many factors, including:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">our credit ratings with major credit rating agencies;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">the prevailing interest rates being paid by other companies
similar to us;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">our financial condition, financial performance and future
prospects; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">the overall condition of the financial markets.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The condition of the financial markets
and prevailing interest rates have fluctuated significantly in the past and are likely to fluctuate in the future. Such fluctuations could have an
adverse effect on the price of the notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, credit rating agencies
continually review their ratings for the companies that they follow, including us. A negative change in our rating could have an adverse effect on the
price of the notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>The Issuer may not be able to repurchase the notes upon a
change of control.</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Upon the occurrence of a Change of
Control Triggering Event, unless the Issuer has exercised its option to redeem the notes, each holder of notes will have the right to require the
Issuer to repurchase all or any part of such holder&#146;s notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest,
if any, to the date of repurchase. If the Issuer experiences a Change of Control Triggering Event, there can be no assurance that the Issuer would have
sufficient financial resources available to satisfy its obligations to repurchase the notes. The Issuer&#146;s failure to repurchase the notes as
required under the indenture governing the notes would result in a default under the indenture, which could have material adverse consequences for the
Issuer and the holders of the notes. See &#147;Description of Notes &#151; Repurchase at the Option of Holders Upon Change of Control Triggering
Event.&#148;</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-7<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 11 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 12 -->
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"></FONT></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro6"></A>USE OF
PROCEEDS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The net proceeds we receive from the
sale of the notes offered hereby, after deducting the underwriting discount and estimated offering expenses payable by us, will be approximately
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;million. We intend to use the net proceeds from the sale of the notes offered hereby, together with
cash on hand, to redeem our 3.625% Senior Notes due 2022, which mature on May 1, 2022, and of which $1.25 billion aggregate principal amount was
outstanding as of March 31, 2021. Pending the application of the net proceeds, we may invest such net proceeds in short-term investment grade
obligations.</DIV>

<DIV ALIGN="LEFT" STYLE="text-indent: 21px">&nbsp;</DIV>

<DIV ALIGN="LEFT" STYLE="text-indent: 21px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Certain of the underwriters
or their affiliates may have holdings in the 3.625% Senior Notes due 2022 and may therefore receive a portion of the net proceeds from
this offering.&nbsp;</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-8<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 12 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 13 -->
<!-- agabop mode="main" last-style="h1" -->
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A
NAME="e8401_pro7"></A>CAPITALIZATION</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The following table sets forth the
Issuer&#146;s actual consolidated cash and cash equivalents and capitalization, as of March 31, 2021 and as adjusted to reflect the issuance and sale
of the notes offered hereby and the redemption of our 3.625% Senior Notes due 2022 using the net proceeds from the sale of the notes offered hereby.
You should read this table in conjunction with the Issuer&#146;s financial statements and related notes and other financial and operating data included
elsewhere in or incorporated by reference into this prospectus supplement and the accompanying prospectus.</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR VALIGN="BOTTOM">
     <TD STYLE="white-space: nowrap; text-align: center"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="font-size: 9pt"><B></B></FONT></TD>
     <TD><FONT FACE="Arial, Helvetica, sans-serif" STYLE="font-size: 9pt"></FONT></TD>
     <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, sans-serif"><B>As of March 31, 2021<BR> (Unaudited)</B></FONT></TD>
     <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="white-space: nowrap; text-align: center"></TD>
     <TD></TD>
     <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, sans-serif"><B>Actual</B></FONT></TD>
     <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
     <TD STYLE="text-align: center"></TD>
     <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, sans-serif"><B>As Adjusted</B></FONT></TD>
     <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="white-space: nowrap; text-align: center"></TD>
     <TD></TD>
     <TD COLSPAN=7 nowrap ALIGN="CENTER"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"><B>(In millions)</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left; width: 79%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px"><B>Cash and cash equivalents </B></DIV></FONT></TD>
     <TD STYLE="width: 5%"></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">4,897.3</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="width: 2%"></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px"><B>Short-term debt</B></DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">5.9</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px"><B>Long-term debt:<BR></B></DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">3.625% Senior Notes due 2022 </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">1,250.0</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">3.65% Senior Notes due 2024</DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">750.0</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">3.60% Senior Notes due 2026 </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">1400.0</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">&euro;500 Million 0.80% Senior Notes due 2027 </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">585.9</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">2.45% Senior Notes due 2030 </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">600.0</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0pt; text-indent: 0pt">4.20% Senior Notes due 2030 </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">600.0</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">&euro;500 Million 1.40% Senior Notes due 2031 </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">585.9</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">Notes offered hereby(1) </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">&#151;</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">Unamortized premium (discount), net </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">(5.2</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">)</FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">Unamortized debt issuance costs </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">(25.6</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">)</FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px">Unamortized deferred gain from settlement of interest rate swaps </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">13.4</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 1pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 1pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Total long-term debt </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">5,754.4</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px"><B>Temporary equity &#151; redeemable noncontrolling interests </B></DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">209.8</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 10px; TEXT-INDENT:
-10px"><B>Equity:<BR></B></DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Shareholders&#146; Equity:<BR></DIV></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Preferred stock, $1.00 par value, 7,500,000 shares authorized, none issued<BR></DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap">$<FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">&#151;</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap">$<FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Common stock, $0.15 par value, 1.0 billion shares authorized, 297.2 million shares issued and 215.1 million shares outstanding
</DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">44.6</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Additional paid-in capital</DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">769.7</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Retained earnings </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">8,327.5</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
<TD STYLE="text-align: left"></TD>
<TD></TD>
<TD></TD></TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Accumulated other comprehensive income (loss) </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">(1,246.2</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">)</FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Treasury stock, at cost </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">(4,684.4</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 1pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">)</FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 1pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 30px; TEXT-INDENT:
-10px">Total shareholders&#146; equity </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">3,211.2</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Noncontrolling Interests </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">480.5</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 1pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 1pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 30px; TEXT-INDENT:
-10px">Total Equity </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">3,691.7</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 20px; TEXT-INDENT:
-10px">Total capitalization(2) </DIV></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">9,661.8</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 2pt double"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; padding-bottom: 2pt"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 0pt">
<TR STYLE="vertical-align: top">
     <TD COLSPAN="3" STYLE="text-align: left; white-space: nowrap; padding-top: 2pt">________</TD></TR>
<TR VALIGN="TOP">
     <TD STYLE="width: 2%; text-align: left; white-space: nowrap; padding-top: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)&nbsp;&nbsp;</FONT></FONT></TD>
     <TD STYLE="text-align: left; padding-top: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
     <TD STYLE="width: 98%; text-align: left; padding-top: 2pt"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt">As adjusted amount of the notes
     offered hereby reflects the aggregate principal amount of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;million and does not give effect to the underwriting discount of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;million
     and estimated costs from this offering of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="2%" ALIGN="LEFT" nowrap><DIV ><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2)&nbsp;&nbsp;</FONT></DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt">Total capitalization includes
     short-term debt, long-term debt, temporary equity and total equity.</FONT></TD>
</TR>
</TABLE>
<!-- agabop mode="ep" last-style="footnote" -->
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-9<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 13 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 14 -->
<!-- agabop mode="main" last-style="footnote" -->
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro9"></A>DESCRIPTION OF
NOTES</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><I>Set forth below is a description of
the specific terms of the notes. This description supplements, and should be read together with, the description of the general terms and provisions of
the debt securities, including the notes, set forth in the accompanying base prospectus under the caption &#147;Description of U.S. Debt
Securities.&#148; The following description does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the
description of the U.S. debt securities in the base prospectus and the indenture. If the description of the notes in this prospectus supplement differs
from the description of the U.S. debt securities in the base prospectus, the description of the notes in this prospectus supplement supersedes the
description of the U.S. debt securities in the base prospectus.</I></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>General</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes will be issued in an initial
aggregate principal amount of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;million. The notes will be issued only in registered form, without
coupons, in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The notes will:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">be general unsecured obligations of the Issuer;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">rank equally in right of payment with all existing and any future
unsecured senior and unsubordinated indebtedness of the Issuer;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">rank senior in right of payment to any existing and future
indebtedness of the Issuer that is subordinated to the notes;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">be effectively subordinated to any existing and future secured
indebtedness of the Issuer to the extent of the assets securing such indebtedness; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">be structurally subordinated to all existing and any future
indebtedness and any other liabilities and commitments of the Issuer&#146;s subsidiaries.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">See &#147;Risk Factors &#151; The
Issuer&#146;s holding company structure may affect the Issuer&#146;s ability to meet its obligations under the notes&#148; in this prospectus
supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">As of March 31, 2021, Omnicom Group had
$5.8 billion aggregate principal amount of indebtedness outstanding, and on a pro forma basis after giving effect to the issuance and sale of the notes
offered hereby and the application of the net proceeds, Omnicom Group would have had approximately
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;billion aggregate principal amount of indebtedness outstanding. See &#147;Capitalization&#148; in this
prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The specific terms of the notes are set
forth below:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Title: &nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes due 20</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Initial principal amount being issued: $</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Stated maturity
date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 20</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Interest
rate:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Date interest starts
accruing:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2021</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Interest payment
dates:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
each year</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">First interest payment
date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2021</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Regular record dates for
interest:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
each year</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Computation of interest: Interest will be computed on the basis of
a 360-day year consisting of twelve 30-day months.</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-10<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Form of notes: The notes will be in the form of one or more global
notes that the Issuer will deposit with or on behalf of The Depository Trust Company (&#147;DTC&#148;).</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Sinking fund: The notes will not be subject to any sinking
fund.</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Trustee: Deutsche Bank Trust Company Americas.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Optional Redemption</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Prior
to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (the date that is&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; months
prior to the maturity date of the notes (the &#147;par call date&#148;)) the notes will be redeemable, as a whole or in part, at the Issuer&#146;s
option, at any time or from time to time, upon mailed notice (or electronic notice, as applicable) to the registered address of each holder of notes at
least 15 days but not more than 60 days prior to the redemption. The redemption price will be equal to the greater of (1) 100% of the principal amount
of the notes to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments (as defined below) on such notes discounted to
the date of redemption, on a semi-annual basis (assuming a 360-day year consisting of twelve 30 day months), at a rate equal to the sum of the
applicable Treasury Rate (as defined below) plus&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;basis points, plus accrued and unpaid interest thereon,
if any, to, but excluding, the redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">On or after the par call date, the notes
will be redeemable, as a whole or in part, at the Issuer&#146;s option, at any time or from time to time, upon mailed notice (or electronic notice, as
applicable) to the registered address of each holder of such notes at least 15 days but not more than 60 days prior to the redemption at a redemption
price of 100% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption
date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Comparable Treasury Issue&#148;
means the United States Treasury security selected by the Reference Treasury Dealer (as defined below) as having a maturity comparable to the remaining
term of the notes (assuming the notes matured on the par call date), that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the notes (assuming the notes
matured on the par call date).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Comparable Treasury Price&#148;
means, with respect to any redemption date, the Reference Treasury Dealer Quotations (as defined below) for that redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Reference Treasury Dealer&#148;
means each of any three primary U.S. Government securities dealer selected by us, and their respective successors.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Reference Treasury Dealer
Quotations&#148; means, with respect to the Reference Treasury Dealer and any redemption date, the average, as determined by the Issuer, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by the
Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding that redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Remaining Scheduled Payments&#148;
means the remaining scheduled payments of principal of and interest on the notes that but for the redemption would be due after the related redemption
date through the par call date, assuming the notes matured on the par call date, not including any portion of such interest payment accrued as of such
redemption date. If that redemption date is not an interest payment date with respect to the notes, the amount of the next succeeding scheduled
interest payment on the notes will be reduced by the amount of interest accrued on the notes to such redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Treasury Rate&#148; means, with
respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity (computed as of the third business day
immediately preceding that redemption date) of the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-11<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">On and after the redemption date,
interest will cease to accrue on the notes or any portion of the notes called for redemption (unless we default in the payment of the redemption price
and accrued interest). On or before any redemption date, we will deposit with a paying agent (or the trustee, if other than the paying agent) money
sufficient to pay the redemption price of and accrued interest on the notes to be redeemed on such date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If less than all of the notes are to be
redeemed, the notes to be redeemed shall be selected by such method as the trustee deems fair and appropriate, subject to the procedures of DTC as to
global notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Repurchase at the Option of Holders Upon Change of Control
Triggering Event</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Upon the occurrence of a Change of
Control Triggering Event (as defined below), unless the Issuer has exercised its option to redeem the notes as described under &#147; &#151; Optional
Redemption,&#148; each holder of notes will have the right to require the Issuer to repurchase all or a portion of such holder&#146;s notes pursuant to
a change of control offer described below (a &#147;Change of Control Offer&#148;), at a purchase price equal to 101% of the principal amount thereof
plus accrued and unpaid interest, if any, to the date of repurchase (the &#147;Change of Control Payment&#148;), subject to the right of holders of
notes on the relevant record date to receive interest due on the relevant interest payment date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Within 30 days following the date upon
which the Issuer becomes aware that a Change of Control Triggering Event has occurred, or at the Issuer&#146;s option, prior to any Change of Control
but after the public announcement of the pending Change of Control, the Issuer will be required to send, by first class mail or electronic delivery, a
notice to each holder of notes, with a copy to the trustee, which notice will govern the terms of the Change of Control Offer. Such notice will state,
among other things, the purchase date, which must be no earlier than 30 days nor later than 60 days from the date such notice is mailed or delivered,
other than as may be required by law (the &#147;Change of Control Payment Date&#148;). The notice, if mailed or delivered prior to the date of
consummation of the Change of Control, will state that the Change of Control Offer is conditioned on the Change of Control Triggering Event occurring
on or prior to the Change of Control Payment Date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer will not be required to make
a Change of Control Offer upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times
and otherwise in compliance with the requirements for such an offer made by the Issuer and such third party purchases all notes properly tendered and
not withdrawn under its offer.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">To the extent that the Issuer is
required to offer to repurchase the notes upon the occurrence of a Change of Control Triggering Event, it may not have sufficient funds to purchase the
notes in cash at such time. In addition, the Issuer&#146;s ability to purchase the notes for cash may be limited by law or the terms of other
agreements relating to its indebtedness outstanding at the time. The failure to make such purchase would result in a default under the indenture or
notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer will be required to comply
with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and any other securities laws
and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the notes as a result of a
Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Offer
provisions of the indenture and the notes, the Issuer will be required to comply with those securities laws and regulations and will not be deemed to
have breached its obligations under the Change of Control Offer provisions of the indenture and the notes by virtue of any such
compliance.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">On each Change of Control Payment Date,
the indenture will provide that the Issuer will, to the extent lawful:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">accept for payment all notes or portions of notes properly
tendered and not withdrawn pursuant to the Change of Control Offer;</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-12<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<!-- agabop mode="main" last-style="bullet" -->
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">deposit with the paying agent an amount equal to the Change of
Control Payment in respect of all notes or portions of notes properly tendered and not withdrawn; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">deliver or cause to be delivered to the trustee the notes properly
accepted together with an officer&#146;s certificate stating the aggregate principal amount of notes or portions of notes being
repurchased.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Below Investment Grade Rating
Event&#148; occurs if both the rating on the notes is lowered by each of the Rating Agencies and such notes are rated below Investment Grade by each of
the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the
60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the notes is
under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event
otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and
thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Triggering Event hereunder) if any
of the Rating Agencies making the reduction in rating to which this definition would otherwise apply does not announce or publicly confirm or inform
the trustee in writing that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or
in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below
Investment Grade Rating Event).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Change of Control&#148; means the
occurrence of any of the following:</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">(1) the sale, transfer, conveyance or
other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets
of the Issuer and its subsidiaries taken as a whole to any &#147;person&#148; (as that term is used in Section 13(d)(3) of the Exchange Act) other than
to the Issuer or one of its subsidiaries;</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">(2) the consummation of any transaction
(including without limitation, any merger or consolidation) the result of which is that any &#147;person&#148; (as that term is used in Section
13(d)(3) of the Exchange Act), other than the Issuer or one of its wholly owned subsidiaries, becomes the &#147;beneficial owner&#148; (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the then outstanding shares of the Issuer&#146;s Voting
Stock, measured by voting power rather than number of shares; or</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">(3) the adoption of a plan relating to
the liquidation or dissolution of the Issuer.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Notwithstanding the foregoing, a
transaction will not be deemed to involve a Change of Control if (i) the Issuer becomes a wholly owned subsidiary of a holding company and (ii) the
holders of the Voting Stock of such holding company immediately following such transaction are substantially the same as the holders of the
Issuer&#146;s Voting Stock immediately prior to such transaction.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The definition of Change of Control
includes a phrase relating to the sale, transfer, conveyance or other disposition of &#147;all or substantially all&#148; of the assets of the Issuer
and its subsidiaries taken as a whole. Although there is a limited body of case law interpreting the phrase &#147;substantially all,&#148; there is no
precise established definition of the phrase under applicable law. Accordingly, the ability of a holder of notes to require the Issuer to repurchase
such notes as a result of a sale, transfer, conveyance or other disposition of less than all of the assets of the Issuer and its subsidiaries taken as
a whole to another Person or group may be uncertain.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Change of Control Triggering
Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Investment Grade&#148; means a
rating equal to or higher than Baa3 (or its equivalent under any successor rating categories) by Moody&#146;s and BBB- (or its equivalent under any
successor rating categories) by S&amp;P, or, in each case, if such Rating Agency ceases to rate the notes or fails to make a</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-13<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><BR>rating of such notes publicly
available for reasons outside of the Issuer&#146;s control, the equivalent investment grade credit rating by the replacement agency selected by the
Issuer in accordance with the procedures described below.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Moody&#146;s&#148; means
Moody&#146;s Investors Service, Inc., and its successors.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Rating Agencies&#148; means (1)
each of Moody&#146;s and S&amp;P; and (2) if any of Moody&#146;s or S&amp;P ceases to rate the notes or fails to make a rating of the notes publicly
available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization,&#148; as defined in Section
3(a)(62) of the Exchange Act, selected by the Issuer as a replacement agency for Moody&#146;s or S&amp;P, or both of them, as the case may
be.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;S&amp;P&#148; means S&amp;P Global
Ratings, and its successors.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Voting Stock&#148; means, with
respect to any person, capital stock of any class or kind the holders of which are ordinarily, in the absence of contingencies, entitled to vote for
the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of
such a contingency.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Certain Covenants</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will not contain any
provisions that would limit the Issuer&#146;s ability to incur unsecured indebtedness or that would afford holders of notes protection in the event of
a sudden and significant decline in the credit quality or rating of the Issuer or a takeover, recapitalization or highly leveraged or similar
transaction involving the Issuer.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Limitation on Liens</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer will not, and will not permit
any of its Subsidiaries to, create or suffer to exist any Lien on or with respect to any of the Issuer&#146;s properties, whether now owned or
hereafter acquired, to secure any Debt of the Issuer, any direct or indirect Subsidiary or any other Person without securing the notes equally and
ratably with such Debt to which such Liens relate for so long as such Debt shall be so secured, other than:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Permitted Liens;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">purchase money Liens upon or in any real property or equipment
acquired or held by the Issuer or any Subsidiary in the ordinary course of business to secure the purchase price of such property or equipment or to
secure Debt incurred solely for the purpose of financing the acquisition of such property or equipment, or Liens existing on such property or equipment
at the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the
acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided, however, that
no such Lien shall extend to or cover any properties of any character other than the real property or equipment being acquired and fixed improvements
thereon or accessions thereto, and no such extension, renewal or replacement shall extend to or cover any properties not theretofore subject to the
Lien being extended, renewed or replaced;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Liens existing on the date of this prospectus
supplement;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Liens on property of a Person existing at the time such Person is
merged into, consolidated with, or acquired by the Issuer or any Subsidiary of the Issuer or becomes a Subsidiary of the Issuer; provided that such
Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person so
merged into or consolidated with the Issuer or such Subsidiary or acquired by the Issuer or such Subsidiary;</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-14<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Liens granted by Subsidiaries of the Issuer to secure Debt owed to
the Issuer or a wholly owned Subsidiary of the Issuer;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Liens arising out of a judgment, decree or order of court being
contested in good faith by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on the books of the Issuer or
the books of its Subsidiaries, as the case may be, in conformity with U.S. GAAP;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Debt of a Person existing at the time such Person is merged into
or consolidated with the Issuer or becomes a Subsidiary of the Issuer provided that such Debt was not created in contemplation of such merger,
consolidation or acquisition and provided further that the aggregate principal amount of such Debt shall not exceed $50,000,000 at any time
outstanding;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Liens to secure any extension, renewal, refinancing or refunding
(or successive extensions, renewals, refinancings or refundings), in whole or in part, of any Debt secured by Liens referred to above or Liens created
in connection with any amendment, consent or waiver relating to such Debt, so long as such Lien does not extend to any other property, the amount of
Debt secured is not increased (other than by the amount equal to any costs and expenses incurred in connection with any extension, renewal, refinancing
or refunding) and the Debt so secured does not exceed the fair market value (as determined by the board of directors of the Issuer in good faith) of
the assets subject to such Liens at the time of such extension, renewal, refinancing or refunding, or such amendment, consent or waiver, as the case
may be;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">any assignment of accounts receivable (a) by and among the Issuer
and its Subsidiaries or (b) pursuant to non-recourse factoring or similar arrangements or otherwise in an aggregate amount not to exceed in any fiscal
year the greater of $500,000,000 (measured as the face value of such accounts receivable at the time of assignment) and 10.0% of the consolidated
accounts receivable of the Issuer and its Subsidiaries as reflected in the consolidated balance sheet of the Issuer as of the end of the fiscal year of
the Issuer most recently ended prior to such assignment for which financial statements are available; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">(a) Liens otherwise prohibited by this covenant, securing Debt or
other obligations in an aggregate amount at any time outstanding plus (b) the aggregate face value at the time of assignment of such accounts
receivable assigned, the assignment of which is not otherwise permitted by the foregoing exceptions, in an aggregate amount not to exceed 20% of
Consolidated Net Worth of the Issuer and its Subsidiaries as set forth in the Issuer&#146;s most recently available financial statements.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Certain Definitions</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Set forth below are certain defined
terms used in this description of notes:</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Consolidated Net Worth&#148; means
the consolidated net worth of the Issuer, as determined in accordance with generally accepted accounting principles in the United States of America or
U.S. GAAP.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Debt&#148; of any Person means,
without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of
property or services (other than earn-out payment obligations of such Person in connection with the purchase of property or services to the extent they
are still contingent), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of
such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even
though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such
property), (e) all obligations of such Person as lessee under leases to the extent that such leases have been or should be, in accordance with U.S.
GAAP, recorded as finance leases, (f) all obligations, contingent or</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-15<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><BR>otherwise, of such Person in respect
of acceptances, letters of credit or similar extensions of credit, (g) all obligations of such Person in respect of Hedge Agreements, (h) all Debt of
others referred to in clauses (a) through (g) above or clause (i) below and other payment obligations guaranteed directly or indirectly in any manner
by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (1) to pay or purchase such Debt or to advance or
supply funds for the payment or purchase of such Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services,
primarily for the purpose of enabling the debtor to make payment of such Debt or to assure the holder of such Debt against loss, (3) to supply funds to
or in any other manner invest in the debtor (including any agreement to pay for property or services irrespective of whether such property is received
or such services are rendered) or (4) otherwise to assure a creditor against loss, and (i) all Debt referred to in clauses (a) through (h) above
secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property (including,
without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of
such Debt.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Hedge Agreements&#148; means
interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts
and other similar agreements.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Lien&#148; means any lien,
security interest or other charge or encumbrance of any kind, or any other type of preferential arrangement intended to provide security for the
payment or performance of an obligation, including, without limitation, the lien or retained security title of a conditional vendor and any easement,
right of way or other encumbrance on title to real property.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Permitted Liens&#148; means such
of the following as to which no enforcement, collection, execution, levy or foreclosure proceeding shall have been commenced: (a) Liens for taxes,
assessments and governmental charges or levies to the extent not yet due and payable, or being contested in good faith by appropriate proceedings; (b)
Liens imposed by law, such as materialmen&#146;s, mechanics&#146;, carriers&#146;, workmen&#146;s and repairmen&#146;s Liens and other similar Liens
arising in the ordinary course of business securing obligations that are not overdue for a period of more than 30 days or that are being contested in
good faith and by appropriate proceedings that prevent the forfeiture or sale of the asset subject to such Lien; (c) pledges or deposits to secure
obligations under workers&#146; compensation laws or similar legislation or to secure public or statutory obligations or, in any such case, to secure
reimbursement obligations under letters of credit or bonds issued to support such obligations; and (d) easements, rights of way and other encumbrances
on title to real property that do not render title to the property encumbered thereby unmarketable or materially adversely affect the use of such
property for its present purposes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Person&#148; means any individual,
corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government
or any agency or political subdivision thereof.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Subsidiary&#148; of any Person
means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued
and outstanding voting stock of such Person, (b) the interest in the capital or profits of such limited liability company, partnership or joint venture
or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one
or more of its other subsidiaries or by one or more of such Person&#146;s other subsidiaries.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Defeasance</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes will be subject to defeasance
and discharge and covenant defeasance as set forth in the indenture and described in &#147;Description of U.S. Debt Securities &#151; Defeasance&#148;
in the accompanying prospectus.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-16<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Other Provisions of the Notes</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes will be subject to certain
other provisions set forth in the accompanying prospectus, including under &#147;Description of U.S. Debt Securities &#151; Events of Default,&#148;
&#147; &#151; Consolidation, Merger or Sale&#148; and &#147; &#151; Modification of the Indenture.&#148;</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Book-Entry; Delivery and Form</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes will be issued in the form of
one or more global securities in definitive, fully registered form, without interest coupons. Each global security will be deposited with the trustee,
as custodian for, and registered in the name of, a nominee of DTC, as depositary and will be held through the book-entry system of DTC and its
participants, including Euroclear Bank S.A./N.V. and Clearstream Banking, <I>soci&eacute;t&eacute; anonyme</I>, Luxembourg. See &#147;Description of
U.S. Debt Securities &#151; Book-Entry Procedures and Settlement&#148; in the accompanying base prospectus for a description of registered global
securities held in book entry form. Neither the trustee, the paying agent and none of their respective agents or employees, will have any
responsibility or liability for the payment of amounts to beneficial owners of the notes, for any aspect of the records relating to or payments made on
account of those interests by DTC, or for maintaining, supervising or reviewing any records of DTC relating to those interests.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-17<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro10"></A>CERTAIN U.S. FEDERAL INCOME TAX
CONSIDERATIONS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This section summarizes certain U.S.
federal income tax considerations relating to the purchase, ownership and disposition of the notes. It is not a complete analysis of all the potential
tax considerations relating to the notes. This summary deals only with notes that are held as capital assets (generally, held for investment) by
holders that purchase the notes for cash pursuant to this offering at their &#147;issue price&#148; (generally, the first price at which a substantial
amount of the notes is sold for cash to investors (excluding sales to bond houses, brokers or similar persons or organizations acting in the capacity
as underwriters, placement agents or wholesalers)). This section is based upon the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;),
judicial decisions, final, temporary and proposed Treasury regulations, published rulings and other administrative pronouncements as of the date of
this prospectus supplement, changes to any of which subsequent to the date of this prospectus supplement may affect the tax considerations described
herein, possibly with retroactive effect. This section does not address all tax considerations that may be applicable to holders&#146; particular
circumstances (such as the effects of Section 451(b) of the Code conforming the timing of certain income accruals to financial statements) or holders
that are subject to special rules, including:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">dealers in securities or currencies;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">traders in securities that elect to use a mark-to-market method of
accounting for their securities holdings;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">brokers;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">tax-exempt entities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">insurance companies;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">persons that hold the notes as part of a straddle, hedge,
conversion or other integrated transaction;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">U.S. Holders (as defined below) whose functional currency is not
the U.S. dollar;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">banks or other financial institutions;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">regulated investment companies;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">real estate investment trusts;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">former citizens or former permanent residents of the United
States;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">controlled foreign corporations;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">passive foreign investment companies;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">entities or arrangements classified as partnerships for U.S.
federal tax purposes or other pass-through entities or investors therein;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">holders subject to the alternative minimum tax; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">persons that participate in this offering and are also beneficial
owners of our 3.625% Senior Notes due 2022 that are redeemed with the net proceeds of this offering as described in &#147;Use of
Proceeds.&#148;</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, this summary does not
address all possible tax considerations related to the purchase, ownership, or disposition of the notes. In particular it does not discuss any tax
considerations arising under U.S. federal tax laws other than income tax laws, such as estate and gift tax laws, or state, local or non-U.S. tax
considerations. We have not sought a ruling from the Internal Revenue Service (the &#147;IRS&#148;) with respect to the statements made in this
summary.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-18<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 23 -->
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">For purposes of this discussion, a
&#147;U.S. Holder&#148; is a beneficial owner of the notes that is, or is treated as, for U.S. federal income tax purposes:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">an individual who is a citizen or resident of the United
States;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">a corporation created or organized in or under the laws of the
United States, any state thereof or the District of Columbia;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">an estate the income of which is includible in gross income for
U.S. federal income tax purposes regardless of its source; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">a trust (i) if a court within the United States is able to
exercise primary supervision over the administration of the trust and one or more U.S. persons have the authority to control all substantial decisions
of the trust or (ii) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">For purposes of this discussion, a
&#147;Non-U.S. Holder&#148; is a beneficial owner of the notes (other than an entity or arrangement treated as a partnership for U.S. federal income
tax purposes) that is not a U.S. Holder.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If any entity or arrangement that is
treated as a partnership for U.S. federal income tax purposes holds the notes, the tax treatment of a partner in such partnership generally will depend
upon the status of the partner and the activities of the partnership. Any entity or arrangement that is treated as a partnership for U.S. federal
income tax purposes that will hold the notes, and any partner in such partnership, is urged to consult its own tax advisor as to the tax consequences
of purchasing, owning and disposing of the notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Certain Additional Payments</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We will become required to pay 101% of
the principal amount, plus accrued and unpaid interest, if any, to the date of repurchase, of any note purchased by us at a holder&#146;s election
after a Change of Control Triggering Event, as described above under the heading &#147;Description of Notes &#151; Repurchase at the Option of Holders
Upon Change of Control Triggering Event.&#148; Treasury regulations provide special rules for contingent payment debt instruments which, if applicable,
could cause the timing, amount and character of a holder&#146;s income, gain or loss with respect to the notes to be different from the consequences
discussed below. Under the applicable Treasury regulations, however, for purposes of determining whether a debt instrument is a contingent payment debt
instrument, remote or incidental contingencies (determined as of the date the notes are issued) are ignored. We believe the possibility of making
additional payments on the notes is remote and/or incidental. Therefore, we intend to treat the possibility of the payment of such additional amounts
as not resulting in the notes being treated as contingent payment debt instruments under the applicable Treasury regulations. Our treatment will be
binding on all holders, except a holder that discloses its differing treatment in a statement attached to its timely filed U.S. federal income tax
return for the taxable year during which the note was acquired. Our treatment is not binding on the IRS, however, which may take a contrary position
and treat the notes as contingent payment debt instruments. The remainder of this discussion assumes that the notes are not treated as contingent
payment debt instruments.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>U.S. Holders</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Interest</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Payments of stated interest on the notes
generally will be taxable to a U.S. Holder as ordinary income at the time that such payments are received or accrued, in accordance with such U.S.
Holder&#146;s method of accounting for U.S. federal income tax purposes. If the notes are issued at a discount that is not less than 0.25% of the
principal amount of the notes multiplied by the number of complete years to maturity, the notes will be considered to be issued with original issue
discount for United States federal income tax purposes. It is expected, and the following discussion assumes, that the</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-19<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 23 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 24 -->
<!-- agabop mode="main" last-style="h3" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><BR>notes will be issued at par or with
less than a de minimis amount of original issue discount for U.S. federal income tax purposes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Sale or Other Taxable Disposition of the
Notes</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">A U.S. Holder will recognize gain or
loss on the sale, exchange, redemption, retirement or other taxable disposition of a note equal to the difference between the amount realized upon the
disposition (less any portion allocable to accrued and unpaid interest, which if not previously included in income, will be treated as interest as
described above) and the U.S. Holder&#146;s adjusted tax basis in the note. A U.S. Holder&#146;s adjusted tax basis in a note generally will be the
U.S. Holder&#146;s cost therefor. This gain or loss generally will be a capital gain or loss, and will be a long-term capital gain or loss if the U.S.
Holder has held the note for more than one year. Long-term capital gains recognized by certain non-corporate U.S. Holders, including individuals,
generally will be taxable at a preferential rate. The deductibility of capital losses is subject to limitations.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Surtax on Net Investment Income</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">A U.S. Holder that is an individual,
estate, or a trust that does not fall into a special class of trusts that is exempt from such tax, will be subject to a 3.8% surtax on the lesser of
(1) the U.S. Holder&#146;s &#147;net investment income&#148; (or undistributed net investment income in the case of an estate or trust) for the
relevant taxable year and (2) the excess of the U.S. Holder&#146;s modified adjusted gross income (or adjusted gross income in the case of an estate or
trust) for the taxable year over a certain threshold (which in the case of individuals will be between $125,000 and $250,000, depending on the
individual&#146;s circumstances). A U.S. Holder&#146;s net investment income generally will include its gross interest income and its net gains from
the disposition of the notes, unless such interest payments or net gains are derived in the ordinary course of the conduct of a trade or business
(other than a trade or business that consists of certain passive or trading activities). If you are a U.S. Holder that is an individual, estate, or
trust, you are urged to consult your tax advisor regarding the applicability of the surtax to your income and gains in respect of your investment in
the notes.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Backup Withholding and Information
Reporting</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">A U.S. Holder may be subject to
information reporting and backup withholding (currently at a rate of 24%) on payments of interest and the proceeds of a sale, exchange, redemption,
retirement or other taxable disposition of the notes. Certain holders (including, among others, corporations and certain tax-exempt organizations)
generally are not subject to backup withholding and such information reporting. A U.S. Holder will be subject to this backup withholding tax if such
holder is not otherwise exempt and such holder:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">fails to furnish its taxpayer identification number
(&#147;TIN&#148;), which, for an individual, is ordinarily his or her social security number;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">furnishes an incorrect TIN;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">is notified by the IRS that it has failed to properly report
payments of interest or dividends; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">fails to certify on IRS Form W-9, under penalties of perjury, that
it has furnished a correct TIN and that the IRS has not notified the U.S. Holder that it is subject to backup withholding.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">U.S. Holders should consult their tax
advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining such an exemption, if applicable.
Backup withholding is not an additional tax and taxpayers may use amounts withheld as a credit against their U.S. federal income tax liability or may
claim a refund provided they timely provide certain information to the IRS.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-20<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 24 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 25 -->
<!-- agabop mode="main" last-style="h3" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Non-U.S. Holders</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Interest</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Subject to the discussions below
concerning backup withholding and FATCA, payments of interest to a Non-U.S. Holder on a note generally will not be subject to U.S. federal income tax
or withholding tax under the portfolio interest exemption, provided that the Non-U.S. Holder certifies its nonresident status as described below,
and:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">such payments are not effectively connected with such
holder&#146;s conduct of a U.S. trade or business (and, if required by an applicable income tax treaty, are not attributable to a &#147;permanent
establishment&#148; or &#147;fixed base&#148; maintained by the Non-U.S. Holder in the United States);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">such Non-U.S. Holder does not actually (or constructively) own 10%
or more of the total combined voting power of all classes of our voting stock; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="36px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 27px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">such Non-U.S. Holder is not a controlled foreign corporation that
is related, directly or indirectly to us.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">A Non-U.S. Holder can meet the
certification requirement by providing a properly executed IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or applicable successor form) to us or
our paying agent certifying under penalty of perjury that it is not a United States person prior to the payment. If the Non-U.S. Holder holds the note
through a financial institution or other agent acting on the holder&#146;s behalf, the holder will be required to provide appropriate documentation to
the agent. The Non-U.S. Holder&#146;s agent will then be required to provide certification to us or our paying agent, either directly or through other
intermediaries. Special rules apply to foreign partnerships, estates and trusts and other intermediaries, and in certain circumstances certifications
as to foreign status of partners, trust owners or beneficiaries may have to be provided. In addition, special rules apply to qualified intermediaries
that enter into withholding agreements with the IRS.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If the Non-U.S. Holder cannot satisfy
the requirements described above, payments of interest will be subject to U.S. federal withholding tax at a rate of 30% unless the Non-U.S. Holder
provides a properly executed (i) IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or applicable successor form) claiming a reduction of or an
exemption from withholding under an applicable tax treaty or (ii) IRS Form W-8ECI (or applicable successor form) stating that such payments are not
subject to withholding tax because they are effectively connected with the holder&#146;s conduct of a trade or business in the United States (and if
required by an applicable income tax treaty is attributable to a &#147;permanent establishment&#148; or &#147;fixed base&#148; maintained by the
Non-U.S. Holder in the United States).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Sale or Other Taxable Disposition of
Notes</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Subject to the discussions below on
backup withholding and FATCA, any gain realized on the sale, exchange, redemption, retirement or other taxable disposition of a note generally will not
be subject to U.S. federal income or withholding tax unless:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">such gain is effectively connected with a Non-U.S. Holder&#146;s
conduct of a trade or business in the United States (and, where an applicable income tax treaty so provides, is attributable to a U.S. &#147;permanent
establishment&#148; or &#147;fixed base&#148; maintained by such holder); or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">such gain is realized by an individual Non-U.S. Holder who is
present in the United States for 183 days or more in the taxable year of the disposition and certain other conditions are met.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If a Non-U.S. Holder realizes gain
described in the first bullet point, see &#147;&#151;Income or Gain Effectively Connected with a U.S. Trade or Business&#148; below. If a Non-U.S.
Holder is described in the second bullet point, the Non-U.S. Holder generally will be subject to U.S. federal income tax at a rate of 30% on the amount
by which the Non-U.S. Holder&#146;s capital gains allocable to U.S. sources, including gain from such disposition, exceed any capital losses allocable
to U.S. sources, except as otherwise required by an applicable income tax treaty.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-21<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 25 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 26 -->
<!-- agabop mode="main" last-style="h3" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">To the extent that an amount realized on
a sale, exchange, retirement, redemption or other taxable disposition of a note is attributable to accrued but unpaid interest on the notes, this
amount generally will be treated in the same manner as interest as discussed under the heading &#147;&#151; Interest,&#148; above.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Income or Gain Effectively Connected with a U.S. Trade or
Business</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If a Non-U.S. Holder is engaged in a
trade or business in the United States and interest on the notes or gain recognized on the sale, exchange, redemption, retirement or other taxable
disposition of a note is effectively connected with the conduct of such trade or business (and, if an applicable tax treaty requires, is attributable
to a U.S. &#147;permanent establishment&#148; or &#147;fixed base&#148; maintained by such holder), a Non-U.S. Holder will be subject to U.S. federal
income tax (but not withholding tax assuming a properly executed IRS Form W-8ECI (or applicable successor form) has been provided) on such interest or
gain on a net income basis. In addition, in certain circumstances, a corporate Non-U.S. Holder described in this paragraph may be subject to a 30%
branch profits tax (or applicable lower tax treaty rate, provided certain certification requirements are met).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Backup Withholding and Information
Reporting</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless you are an exempt recipient, such
as a corporation, interest payments on the notes and the proceeds received from a sale or other disposition of notes may be subject to information
reporting and may also be subject to U.S. federal backup withholding (currently at a rate of 24%) if you fail to comply with applicable U.S.
information reporting or certification requirements. Copies of the information returns reporting such payments and withholding may also be made
available to the tax authorities in the country in which a Non-U.S. Holder resides under the provisions of an applicable income tax treaty. The
certification procedures required to claim the exemption from withholding tax on interest described above generally will satisfy the certification
requirements necessary to avoid backup withholding tax as well.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Backup withholding is not an additional
tax. Any amounts so withheld under the backup withholding rules may be allowed as a credit against a Non-U.S. Holder&#146;s U.S. federal income tax
liability or may be claimed as a refund provided the holder furnishes the required information to the IRS on a timely basis.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>FATCA</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Sections 1471 through 1474 of the Code
(referred to as &#147;FATCA&#148;) and Treasury regulations thereunder, when applicable, impose a U.S. federal withholding tax equal to 30% on any
interest paid on debt obligations of U.S. corporations, such as the notes, and on the proceeds from the disposition of such debt obligations even if
the payment would otherwise not be subject to U.S. nonresident withholding tax (e.g., because it is capital gain) if paid to a &#147;foreign financial
institution&#148; (which term generally includes most foreign hedge funds, private equity funds, mutual funds, securitization vehicles and other
investment vehicles) or a &#147;non-financial foreign entity,&#148; each as defined in the Code (including, in some cases, when such foreign financial
institution or non-financial foreign entity is acting as an intermediary), unless: (i) in the case of a foreign financial institution, such institution
enters into an agreement with the U.S. government to withhold on certain payments, and to collect and provide to the U.S. tax authorities information
regarding U.S. account holders of such institution (which include certain equity and debt holders of such institution, as well as certain account
holders that are foreign entities with U.S. owners); or (ii) the non-financial foreign entity either certifies it does not have any &#147;substantial
U.S. owners&#148; (as defined in the Code) or furnishes identifying information regarding each substantial U.S. owner (generally by providing the
applicable properly completed IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form)). The IRS recently issued proposed Treasury
regulations that would eliminate the application of this regime with respect to payments of gross proceeds (but not interest). Pursuant to these
proposed Treasury regulations, the issuer and any withholding agent may (but are not required to) rely on this proposed change to FATCA withholding
until final Treasury regulations are issued. An</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-22<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 26 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 27 -->
<!-- agabop mode="main" last-style="h2" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">&#147;intergovernmental agreement&#148; between the United States and an applicable
foreign country may modify the requirements described in this paragraph.</FONT></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We will not pay any additional amounts
in respect of any amounts withheld, including pursuant to FATCA. Under certain circumstances, a Non-U.S. Holder might be eligible for refunds or
credits of taxes withheld pursuant to FATCA. Holders are urged to consult with their own tax advisors regarding the effect, if any, of the FATCA
provisions to them based on their particular circumstances.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><B>The preceding discussion of material
U.S. federal income tax consequences is general information only and is not tax advice. Accordingly, you should consult your own tax advisor as to the
particular tax consequences to you of purchasing, owning or disposing of notes, including the applicability and effect of any U.S. federal non-income
(such as estate or gift), state, local or non-U.S. tax laws, any applicable income tax treaty, and of any changes or proposed changes in applicable
law</B>.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-23<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_prospectus PAGE POSITION: 27 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 28 -->
<!-- agabop mode="main" last-style="h2" -->
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro11"></A>UNDERWRITING</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Under the terms and subject to the
conditions contained in an underwriting agreement dated the date of this prospectus supplement, the underwriters named below, for whom Barclays Capital
Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are acting as representatives, have severally agreed to purchase, and we have
agreed to sell to them, severally, the principal amount of notes set forth opposite their names below:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"><B><U>Underwriters</U></B></FONT></TD>
     <TD STYLE="text-align: left"></TD>
     <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, sans-serif"></FONT> <FONT STYLE="font: 8pt Arial, Helvetica, sans-serif"><B>Principal Amount<BR> of Notes</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left; width: 82%"><FONT STYLE="font: 9pt Arial, Helvetica, sans-serif">Barclays Capital Inc. </FONT> </TD>
     <TD STYLE="width: 5%"></TD>
     <TD STYLE="text-align: left; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right; width: 12%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT STYLE="font: 9pt Arial, Helvetica, sans-serif">Citigroup Global Markets Inc. </FONT> </TD>
     <TD></TD>
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT STYLE="font: 9pt Arial, Helvetica, sans-serif">Wells Fargo Securities, LLC </FONT> </TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt"></FONT></TD>
     <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT STYLE="font: 9pt Arial, Helvetica, sans-serif">Total </FONT> </TD>
     <TD></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">$</FONT></TD>
     <TD STYLE="border-bottom: windowtext 2pt double; text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     </TR>
</TABLE>
&nbsp;<BR>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The underwriters are offering the notes
subject to their acceptance of the notes from us and subject to prior sale. The underwriting agreement provides that the obligations of the several
underwriters to pay for and accept delivery of the notes offered by this prospectus supplement are subject to the approval of certain legal matters by
counsel and to certain other conditions. The underwriters have agreed to purchase all of the notes offered by this prospectus supplement if any of the
notes are purchased.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-bottom: 6pt; text-indent: 21px">The underwriters have advised us that
they propose initially to offer the notes directly to purchasers at the initial public offering price set forth on the cover page of this prospectus
supplement, and may offer the notes to certain securities dealers at such price less a concession, not in excess of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of the principal amount of the notes. The underwriters may allow, and such dealers may reallow, a
concession not in excess of % of the principal amount of the notes to certain other dealers. After the notes are released for sale to the public, the
offering price and other selling terms with respect to the notes may from time to time be varied by the underwriters. The following table shows the
underwriting discount that we will pay to the underwriters in connection with this offering:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="BOTTOM">
     <TD STYLE="white-space: nowrap; text-align: center"></TD>
     <TD><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt">&nbsp;</FONT></TD>
     <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, sans-serif"><B>Paid by Us</B></FONT></TD>
     <TD STYLE="white-space: nowrap; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, sans-serif; font-size: 8pt"></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left; width: 88%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px">Per
note </DIV></FONT></TD>
     <TD STYLE="width: 5%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: right; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD STYLE="text-align: right; width: 5%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE:
9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap; width: 1%"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">%</FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">Total </DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="white-space: nowrap; text-align: left"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">$</FONT></TD>
     <TD STYLE="text-align: right"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt"></FONT></TD>
     <TD STYLE="text-align: left; white-space: nowrap"><FONT FACE="Arial, Helvetica, sans-serif" STYLE="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TABLE>
&nbsp;<BR>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We have also agreed to indemnify the
underwriters against certain liabilities, including liabilities under the federal securities laws, or to contribute to payments which the underwriters
may be required to make in respect of any such liabilities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In connection with the offering of the
notes, the underwriters (or persons acting on their behalf) may over allot notes or effect transactions with a view to supporting the market price of
the notes at a level higher than that which might otherwise prevail. However, there is no assurance that the underwriters (or persons acting on their
behalf) will undertake stabilization action. Any stabilization action may begin on or after the date on which adequate public disclosure of the terms
of the offer of the relevant notes is made and, if begun, may be ended at any time, but it must end no later than 30 days after the date on which the
Issuer received the proceeds of the issue, or no later than 60 days after the date of allotment of the relevant notes, whichever is the earlier. Any
stabilization action or over allotment must be conducted by the relevant underwriter (or persons acting on their behalf) in accordance with all
applicable laws and rules.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Expenses associated with this offering
to be paid by us, other than the underwriting discount, are estimated to be $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
million.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes are a new issue of securities
with no established trading market. The notes will not be listed on any securities exchange or included in any authorized quotation
system.</FONT></DIV></P>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">From time to time in the ordinary course
of their respective businesses, certain of the underwriters and their affiliates have engaged in and may in the future engage in commercial banking,
derivatives and/or investment banking transactions with us and our affiliates for which they have received, or will receive customary fees and
reimbursement of expenses.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, in the ordinary course of
their various business activities, the underwriters and their respective affiliates may make or hold a broad array of investments and actively trade
debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the
accounts of their customers. Such investments and securities activities may involve securities and/or instruments of ours or our affiliates. If any of
the underwriters or their affiliates has a lending relationship with us, certain of those underwriters or their affiliates routinely hedge, and certain
other of those underwriters or their affiliates may hedge, their credit exposure to us consistent with their customary risk management policies.
Typically, these underwriters and their affiliates would hedge such exposure by entering into transactions which consist of either the purchase of
credit default swaps or the creation of short positions in our securities, including potentially the notes offered hereby. Any such credit default
swaps or short positions could adversely affect future trading prices of the notes offered hereby. The underwriters and their affiliates may also make
investment recommendations and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or
recommend to clients that they acquire, long and/or short positions in such securities and instruments.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">An affiliate of Barclays Capital Inc. is
a documentation agent, an affiliate of Citigroup Global Markets Inc. is a lead arranger and book manager and the administrative agent and an affiliate
of Wells Fargo Securities, LLC is a lead arranger, book manager and syndication agent of the Omnicom Group credit facility. The other underwriters, or
their affiliates, may also be participants in the Omnicom Group credit facility. Certain of the underwriters or their affiliates may have holdings in the 3.625% Senior Notes due 2022 and may therefore receive a portion
of the net proceeds from this offering.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We expect to deliver the notes against payment therefore on or about
the settlement date specified on the cover page of this prospectus supplement, which will be the &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;business day following the date of pricing
of the notes. Pursuant to Rule 15c6-1 under the Exchange Act, trades in the secondary market generally are required to settle in two business
days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes
on any date prior to the second business day before delivery thereof will be required, by virtue of the fact that the notes initially
will settle in T+ &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">All sales of notes in the United States
will be made by or through U.S. registered broker-dealers as permitted by applicable regulations.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B>Selling Restrictions</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in the European Economic
Area</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement has been
prepared on the basis that any offer of Notes in any Member State of the EEA (defined below) will be made pursuant to an exemption under Regulation
(EU) 2017/1129 (as amended, the &#147;Prospectus Regulation&#148;) from the requirement to publish a prospectus for offers of Notes. This prospectus
supplement is not a prospectus for the purposes of the Prospectus Regulation.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Notes are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European
Economic Area (&#147;EEA&#148;). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point
(11) of Article 4(1) of Directive 2014/65/EU (as amended, &#147;MiFID II&#148;); or (ii) a customer within the meaning of Directive (EU) 2016/97 (as
amended, the &#147;Insurance Distribution Directive&#148;), where that customer would not qualify as a professional client as defined in point (10) of
</FONT></DIV></P>


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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-25<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="text-indent: 0pt">Article 4(1) of MiFID II or (iii) not a qualified investor as defined in the Prospectus Regulation. Consequently no key information document
required by Regulation (EU) No 1286/2014 (as amended, the &#147;PRIIPs Regulation&#148;) for offering or selling the Notes or otherwise making them
available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPS Regulation.</FONT></DIV></P>


<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Each person in a member state of the EEA
who receives any communication in respect of, or who acquires any Notes under, the offer to the public contemplated in this prospectus supplement or to
whom the Notes are otherwise made available, will be deemed to have represented, warranted and agreed to and with each
underwriter and the Company that it and any person on whose behalf it acquires Notes is not a &#147;retail investor&#148; (as defined
above).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Any distributor subject to MiFID II
subsequently offering, selling or recommending the Notes is responsible for undertaking its own target market assessment in respect of the Notes and
determining the appropriate distribution channels for the purposes of the MiFID II product governance rules under Commission Delegated Directive (EU)
2017/593 (the &#147;Delegated Directive&#148;). Neither the Company nor any of the underwriters make any representations or warranties as to a
distributor&#146;s compliance with the Delegated Directive</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in the United
Kingdom</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement has been
prepared on the basis that any offer of Notes in the United Kingdom (&#147;UK&#148;) will be made pursuant to an exemption under Regulation (EU)
2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (&#147;EUWA&#148;) (the &#147;UK Prospectus
Regulation&#148;) and the Financial Services and Markets Act 2000 (as amended, the &#147;FSMA&#148;) from the requirement to publish a prospectus for
offers of Notes. This prospectus supplement is not a prospectus for the purposes of the UK Prospectus Regulation or the FSMA.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Notes are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these
purposes, a retail investor means a person who is one (or more) of (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU)
2017/565 as it forms part of domestic law by virtue of the EUWA; or (ii) a customer within the meaning of the provisions of the FSMA and any rules or
regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in
point (8) of Article 2(1) of Regulation (EU) 600/2014 as it forms part of domestic law by virtue of the EUWA or (iii) not a qualified investor as
defined in the UK Prospectus Regulation. Consequently no key information document required by Regulation (EU) 1286/2014 as it forms part of
domestic law by virtue of the EUWA (the &#147;UK PRIIPs Regulation&#148;) for offering or selling the Notes or otherwise making them available to
retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in
the UK may be unlawful under the UK PRIIPs Regulation.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Each person in the UK who receives any
communication in respect of, or who acquires any Notes under, the offer to the public contemplated in this prospectus supplement or to whom the Notes
are otherwise made available, will be deemed to have represented, warranted and agreed to and with each underwriter and the Company that it and any
person on whose behalf it acquires Notes is not a &#147;retail investor&#148; (as defined above).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Any distributor subject to the FCA
Handbook Product Intervention and Product Governance Sourcebook (the &#147;UK MiFIR Product Governance Rules&#148;) subsequently offering, selling or
recommending the Notes is responsible for undertaking its own target market assessment in respect of the Notes and determining appropriate distribution
channels. Neither the Company nor any of the underwriters make any representations or warranties as to a distributor&#146;s compliance with the UK
MiFIR Product Governance Rules.</FONT></DIV></P>

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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-26<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This document is for distribution only
to persons who are qualified investors (as defined in the UK Prospectus Regulation) and (i) have professional experience in matters relating to
investments and who qualify as investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended, the &#147;Financial Promotion Order&#148;), (ii) are persons falling within Article 49(2)(a) to (d) (&#147;high net
worth companies, unincorporated associations etc.&#148;) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to
whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with the
issue or sale of any Notes may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred
to as &#147;relevant persons&#148;). This document is directed only at relevant persons and must
 not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and
will be engaged in only with relevant persons.</FONT></DIV></P>


<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Each of the underwriters has
represented and agreed that:</FONT></DIV></P>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px"
>&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">it has only communicated or caused to be communicated and will
only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the
FSMA) received by it in connection with the issue or sale of the notes in circumstances in which Section 21(1) of the FSMA does not apply to us;
and</FONT></TD>
</TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px"
>&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">it has complied and will comply with all applicable provisions
of the FSMA with respect to anything done by it in relation to the notes in, from or otherwise involving the United Kingdom.</FONT></TD>
</TR>
</TABLE>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
Switzerland</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement and the
accompanying prospectus are not intended to constitute an offer or solicitation to purchase or invest in the notes. The notes may not be publicly
offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act (&#147;FinSA&#148;) and no application has or
will be made to admit the notes to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. Neither this prospectus
supplement, the accompanying prospectus nor any other offering or marketing material relating to the notes constitutes a prospectus pursuant to the
FinSA, and neither this prospectus supplement, the accompanying prospectus nor any other offering or marketing material relating to the notes may be
publicly distributed or otherwise made publicly available in Switzerland.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
Canada</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes may be sold only to purchasers
purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or
subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration Requirements,
Exemptions and Ongoing Registrant Obligations. Any resale of the notes must be made in accordance with an exemption from, or in a transaction not
subject to, the prospectus requirements of applicable securities laws.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Securities legislation in certain
provinces or territories of Canada may provide a purchaser with remedies for rescission or damages if this prospectus supplement (including any
amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the time
limit prescribed by the securities legislation of the purchaser&#146;s province or territory. The purchaser should refer to any applicable provisions
of the securities legislation of the purchaser&#146;s province or territory for particulars of these rights or consult with a legal
advisor.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Pursuant to section 3A.3 of National
Instrument 33-105 Underwriting Conflicts (NI 33-105), the underwriters are not required to comply with the disclosure requirements of NI 33-105
regarding underwriter conflicts of interest in connection with this offering.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-27<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in Hong
Kong</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes have not been offered or sold
and may not and will not be offered or sold in Hong Kong by means of any document other than (i) to &#147;professional investors&#148; within the
meaning of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and any rules made thereunder, or (ii) in other circumstances which do
not result in the document being a &#147;prospectus&#148; within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap.
32, Laws of Hong Kong) and which do not constitute an offer to the public within the meaning of that Ordinance, and no advertisement, invitation or
document relating to the notes has been, may be or will be issued or has been, may be or will be in the possession of any person for the purpose of
issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are
 likely to be accessed or read by,
the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to notes which are or are intended to be
disposed of only to persons outside Hong Kong or only to &#147;professional investors&#148; within the meaning of the Securities and Futures Ordinance
(Cap. 571, Laws of Hong Kong) and any rules made thereunder.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement has not been
reviewed or approved by any regulatory authorities in Hong Kong, including the Securities and Future Commissions and the Companies Registry of Hong
Kong and neither had it been registered with the Registrar of Companies in Hong Kong. Accordingly, this prospectus supplement may not be issued,
circulated or distributed (in whole or in part) in Hong Kong, and the notes may not be offered for subscription to members of the public in Hong Kong.
Each person acquiring the notes will be required, and is deemed by the acquisition of the notes, to confirm that he is aware of the restriction on
offers of the notes described in this prospectus supplement and the relevant offering documents and that he is not acquiring, and has not been offered
any notes in circumstances that contravene any such restrictions.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
China</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement and the
accompanying prospectus does not constitute a public offer of notes, whether by sale or subscription, in the People&#146;s Republic of China (the
&#147;PRC&#148;). The notes are not being offered or sold directly or indirectly in the PRC to or for the benefit of, legal or natural persons of the
PRC.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Further, no legal or natural persons of
the PRC may directly or indirectly purchase any of the notes or any beneficial interest therein without obtaining all prior PRC&#146;s governmental
approvals that are required, whether statutorily or otherwise. Persons who come into possession of this document are required by the issuer and its
representatives to observe these restrictions.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
Japan</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes have not been and will not be
registered for a public offering in Japan pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Act of Japan (Act No. 25 of
April 13, 1948, as amended) (the &#147;FIEA&#148;). Accordingly, the notes will not be offered or sold, and the underwriters will not offer or sell the
notes, directly or indirectly, in Japan or to, or for the account or benefit of, any resident of Japan (which term as used herein means any person
resident in Japan, including any corporation or other entity organized under the laws of Japan), or to others for re-offering or resale, directly or
indirectly, in Japan or to, or for the account or benefit of, any resident of Japan, except pursuant to an exemption from the registration requirements
of, and otherwise in compliance with, the FIEA and any other applicable laws, regulations and ministerial guidelines of Japan in effect at the relevant
time.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
Korea</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes have not been and will not be
registered under the Financial Investment Services and Capital Markets Act of Korea and none of the notes may be offered, delivered or sold, directly
or indirectly, in Korea or to any resident of Korea (as such term is defined in the Foreign Exchange Transaction Law of Korea and rules and regulations
promulgated thereunder), or to any persons for </FONT></DIV></P>

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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-28<BR></FONT></DIV></P>
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<BR>
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<DIV ALIGN="LEFT" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0pt">reoffering or resale, directly or indirectly, in Korea or to, or for the account or benefit of, any
resident of Korea, except as otherwise permitted under applicable laws and regulations.</FONT></DIV></P>

<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
Singapore</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement and the
accompanying prospectus have not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus supplement and
the accompanying prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the
notes may not be circulated or distributed, nor may the notes be offered or sold, or be made the subject of an invitation for subscription or purchase,
whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of the
Securities and Futures Act, Chapter 289 of Singapore (the &#147;SFA&#148;), (ii) to a relevant person, or any person pursuant to Section 275(1A) of the
SFA, and in accordance with the conditions, specified in Section 275 of the SFA and the Securities and Futures (Classes of Investors) Regulations 2018
or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Where the notes are subscribed or
purchased under Section 275 of the SFA by a relevant person which is: (a) a corporation (which is not an accredited investor) the sole business of
which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor in
accordance with the Securities and Futures (Classes of Investors) Regulations 2018 or (b) a trust (where the trustee is not an accredited investor)
whose sole purpose is to hold investments and each beneficiary is an accredited investor in accordance with the Securities and Futures (Classes of
Investors) Regulations 2018, securities or securities-based derivatives contracts (each term as defined in Section 2(1) of the SFA) of that corporation
or the beneficiaries&#146; rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation or
that trust has acquired the notes under Section 275 of the SFA except: (1) to an institutional investor under Section 274 of the SFA or to a relevant
person, or any person pursuant to Section 275(1A) or Section 276(4)(i)(B) of the SFA in accordance with the Securities and Futures (Classes of
Investors) Regulations 2018; (2) where no consideration is or will be given for the transfer; (3) where the transfer is by operation of law; (4) as
specified in Section 276(7) of the SFA; or (5) as specified in Regulation 37A of the Securities and Futures (Offers of Investments) (Securities and
Securities-based Derivative Contracts) Regulations 2018 of Singapore.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><I>Singapore Securities and Futures Act Product
Classification</I></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Solely for the purposes of our
obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the SFA, we have determined, and hereby notify all relevant persons (as defined in
Section 309A of the SFA), that the notes are &#147;prescribed capital markets products&#148; (as defined in the Securities and Futures (Capital Markets
Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS
Notice FAA-N16: Notice on Recommendations on Investment Products).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="LEFT"><B><I>Notice to Prospective Investors in
Taiwan</I></B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The notes have not been and will not be
registered with, or filed with, or approved by, the Financial Supervisory Commission of Taiwan, the Republic of China (&#147;Taiwan&#148;) and/or any
other regulatory authorities of Taiwan, pursuant to relevant securities laws and regulations and may not be offered, issued or sold in Taiwan through a
public offering or in any manner which would constitute an offer or a solicitation of an offer within the meaning of the Securities and Exchange Act of
Taiwan or relevant laws and regulations of Taiwan or would otherwise require registration with, filing with, or the approval of the Financial
Supervisory Commission of Taiwan and/or any other regulatory authorities of Taiwan. No person or entity in Taiwan has been authorized to offer, sell,
give advice regarding or otherwise intermediate the offering and sale of the notes in Taiwan.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-29<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro12"></A>LEGAL
MATTERS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Certain legal matters in connection with
this offering will be passed upon for the Issuer by Jones Day, New York, New York and/or by the Issuer&#146;s general counsel, Michael O&#146;Brien,
Esq. Mr. O&#146;Brien is an officer of the Issuer and has received, and may in the future receive, awards of restricted stock and options and other
benefits determined by reference to the Issuer&#146;s securities. Mr. O&#146;Brien beneficially owns or has rights to acquire a total of less than 1%
of the Issuer&#146;s outstanding common stock. In connection with this offering, the underwriters have been represented by Shearman &amp; Sterling LLP,
New York, New York.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro13"></A>EXPERTS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The consolidated financial statements
and financial statement schedule II of Omnicom Group Inc. and subsidiaries as of December 31, 2020 and 2019, and for each of the years in the
three-year period ended December 31, 2020, and management&#146;s assessment of the effectiveness of our internal control over financial reporting as of
December 31, 2020, have been incorporated by reference herein in reliance upon the report of KPMG LLP, independent registered public accounting firm,
incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing. The audit report covering the December 31, 2020 consolidated financial statements
refers to a change in the method of accounting for leases effective January 1, 2019 due to the adoption of Accounting Standards Codification
Topic 842, <I>Leases</I>.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-30<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8401_pro14"></A>WHERE YOU CAN FIND MORE
INFORMATION; INCORPORATION BY REFERENCE</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus supplement is a part of
a registration statement filed by the Issuer and Omnicom Finance Holdings plc under the Securities Act of 1933, as amended. The registration statement
also includes additional information not contained in this prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer files annual, quarterly and
current reports and any amendments to those reports, proxy statements and other information with the SEC. Documents the Issuer files with the SEC are
available free of charge on the Issuer&#146;s website at http://investor.omnicomgroup.com, as soon as reasonably practicable after such material is
filed with the SEC. Information included or available through the Issuer&#146;s website does not constitute a part of this prospectus or any prospectus
supplement. Any document that the Issuer files with the SEC is available on the SEC&#146;s website at www.sec.gov.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The SEC allows us to &#147;incorporate
by reference&#148; into this prospectus supplement and the accompanying prospectus (as well as the related registration statement) the information we
file with the SEC, which means that we can disclose important information to you by referring you to those documents. The information incorporated by
reference is considered to be part of this prospectus supplement as a legal matter. Information that we file later with the SEC will automatically
update information in this prospectus supplement. In all cases, you should rely on the later information over different information included in this
prospectus supplement or the accompanying prospectus. We incorporate by reference the documents listed below and any future filings made with the SEC
under Section 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Annual Report of the Issuer on Form 10-K for the fiscal year ended
<A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000029989/000002998921000004/omc-20201231.htm">December 31, 2020</A>, filed with the SEC on February 18, 2021;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Quarterly Report of the Issuer on Form 10-Q for the fiscal quarter
ended <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000029989/000002998921000009/omc-20210331.htm">March 31, 2021</A>, filed with the SEC on April 20, 2021; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="30px" ALIGN="LEFT" nowrap><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2">Information specifically incorporated by reference in the Issuer&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 from its definitive proxy statement on Schedule 14A, filed with the SEC on <A HREF="https://www.sec.gov/Archives/edgar/data/0000029989/000120677421000823/omc3858241-def14a.htm">	March 25, 2021</A>, as amended on <A HREF="https://www.sec.gov/Archives/edgar/data/0000029989/000120677421000824/omc3858241-defa14a.htm">March 25, 2021</A> and <A HREF="https://www.sec.gov/Archives/edgar/data/0000029989/000089109221003555/e13271defa14a.htm">April 19, 2021</A>.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We are not incorporating by reference
any information furnished rather than filed under Items 2.02 and 7.01 of any Current Report on Form 8-K.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">All documents we file pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus supplement and the accompanying prospectus before the later of
(1) the completion of the offering of the securities described in this prospectus supplement and (2) if applicable, the date any underwriters stop
offering securities pursuant to this prospectus supplement will also be incorporated by reference into this prospectus supplement from the date of
filing of such documents (other than information furnished pursuant to Items 2.02 or 7.01 of Form 8-K, including any financial statements or exhibits
relating thereto and furnished pursuant to Item 9.01). Upon request, we will provide to each person, including any beneficial owner, to whom a
prospectus supplement is delivered, a copy of any or all of the information that has been incorporated by reference into this prospectus supplement but
not delivered with this prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">You may request a copy of these filings,
at no cost, by writing or telephoning the Issuer at the following address:</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">Omnicom Group Inc.<BR> 280 Park Avenue<BR> New York, NY
10017<BR> Attn: Corporate Secretary<BR> (212) 415-3600</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We have not, and the underwriters and
their affiliates have not, authorized anyone to provide you with any information or to make any representation not contained in or incorporated
by</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER"><BR></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-31<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<BR>
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<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><BR>reference into this prospectus
supplement, the accompanying prospectus or any free writing prospectus related hereto that we may authorize to be delivered to you. If given or made,
any such other information or representation should not be relied upon as having been authorized by us or the underwriters or their affiliates. The
information contained in this prospectus supplement, the accompanying prospectus and the documents incorporated by reference is accurate only as of
their respective dates. Our business, financial condition, results of operations and prospects may have changed since those respective
dates.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><DIV ALIGN="CENTER">S-32<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>

<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-bottom: 0.22in"><B>PROSPECTUS</B></FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="BOTTOM">
     <TD STYLE="width: 45%; white-space: nowrap; text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="font-size: 9pt"><B><B>OMNICOM GROUP
INC.</B></B></FONT></TD>
     <TD STYLE="width: 10%"><FONT FACE="Times New Roman, Times, Serif" STYLE="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD STYLE="white-space: nowrap; text-align: center; width: 45%"><FONT FACE="Times New Roman, Times, Serif" STYLE="font-size: 9pt"><B><B>OMNICOM FINANCE HOLDINGS
PLC</B></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV
STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px">_______________</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV
STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px">_______________</DIV></FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>DEBT SECURITIES</B></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>DEBT SECURITIES</B></DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>COMMON STOCK</B></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">&nbsp;</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>PREFERRED STOCK</B></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">&nbsp;</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>GUARANTEES OF DEBT SECURITIES</B></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">&nbsp;</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>SUBSCRIPTION RIGHTS</B></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">&nbsp;</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: center"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 10pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><B>WARRANTS</B></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
</TABLE>
&nbsp;<BR>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Pursuant to this prospectus, Omnicom
Group Inc. may offer from time to time:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">shares of its common stock, par value $.15 per share;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">shares of its preferred stock, par value $1.00 per
share;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">senior or subordinated debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">subscription rights to purchase its common stock, preferred stock
or warrants; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">warrants to purchase shares of Omnicom Group Inc. common stock or
preferred stock.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, Omnicom Finance Holdings
plc may offer from time to time senior or subordinated debt securities (together with a guarantee by Omnicom Group Inc. of Omnicom Finance Holdings
plc&#146;s obligations in respect of any such debt securities).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Specific terms of these securities will
be provided in supplements to this prospectus. The securities may be offered separately or together in any combination and as separate series. You
should read this prospectus and any prospectus supplement carefully before you invest.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc.&#146;s common stock
is listed on the New York Stock Exchange and trades under the symbol &#147;OMC.&#148;</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><B>Investing in these securities
involves certain risks. See the information included and incorporated by reference in this prospectus and any accompanying prospectus supplement for a
discussion of the factors you should carefully consider before deciding to purchase these securities, including the information under &#147;Risk
Factors&#148; in Omnicom Group Inc.&#146;s most recent Annual Report on Form 10-K filed with the Securities and Exchange
Commission.</B></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><HR SIZE="1" WIDTH="120" ALIGN="center" NOSHADE
COLOR="#000000"></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><B>Neither the Securities and Exchange
Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.</B></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><HR SIZE="1" WIDTH="120" ALIGN="center" NOSHADE
COLOR="#000000"></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We may sell these securities on a
continuous or delayed basis directly, through agents, dealers or underwriters as designated from time to time, or through a combination of these
methods. We reserve the sole right to accept, and together with any agents, dealers and underwriters, reserve the right to reject, in whole or in part,
any proposed purchase of securities. If any agents, dealers or underwriters are involved in the sale of any securities, the applicable prospectus
supplement will set forth any applicable commissions or discounts. Our net proceeds from the sale of securities also will be set forth in the
applicable prospectus supplement.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B>The date of this prospectus is February 19,
2020</B></FONT></DIV></P>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We have not authorized anyone to provide
you with any information or to make any representation not contained in or incorporated by reference into this prospectus, any accompanying prospectus
supplement or any free writing prospectus related hereto that we may authorize to be delivered to you. If given or made, any such other information or
representation should not be relied upon as having been authorized by us. We are not making an offer of these securities in any state where the offer
is not permitted. You should not assume that the information contained in or incorporated by reference in this prospectus or any prospectus supplement
or in any free writing prospectus is accurate as of any date other than their respective dates.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><HR SIZE="1" WIDTH="120" ALIGN="center" NOSHADE
COLOR="#000000"></FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B>TABLE OF CONTENTS</B></FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font-size: 9pt">
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left; width: 100%"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></DIV></FONT></TD>
     <TD STYLE="width: 4%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="width: 4%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="width: 4%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: right; border-bottom: windowtext 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Page</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro1">The
                                         Company </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">1</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro2">About
                                         This Prospectus </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">3</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro3">Where
                                         You Can Find More Information; Incorporation by Reference </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">3</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro4">Special
                                         Note on Forward-Looking Statements </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">4</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro5">Use
                                         of Proceeds </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">5</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro6">Description
                                         of Omnicom Group Inc. Common Stock </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">5</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro7">Description
                                         of Omnicom Group Inc. Preferred Stock </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">6</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro8">Description
                                         of U.S. Debt Securities </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">8</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro9">Description
                                         of International Debt Securities </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">14</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro10">Description
                                         of Omnicom Group Inc. Subscription Rights </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">24</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro11">Description
                                         of Omnicom Group Inc. Warrants </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">25</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro12">Plan
                                         of Distribution </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">26</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro13">Validity
                                         of Securities </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">27</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
     <TD STYLE="text-align: left"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"><FONT STYLE="text-transform: uppercase"><A HREF="#e8385_pro14">Experts
                                         </A></FONT></DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt">27</FONT></TD>
</TABLE>
&nbsp;<BR>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">ii<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro1"></A>THE COMPANY</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><I>When used in this prospectus, the
term &#147;Omnicom Group&#148; refers to Omnicom Group Inc. together with its consolidated subsidiaries; the term &#147;Omnicom Group Inc.&#148; refers
only to Omnicom Group Inc. and not its subsidiaries; the term &#147;Omnicom Finance Holdings&#148; refers only to Omnicom Finance Holdings plc; and the
terms &#147;we,&#148; &#147;us&#148; and &#147;our&#148; refer collectively to Omnicom Group Inc. and Omnicom Finance Holdings, in each case, unless
the context otherwise requires or indicates.</I></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Omnicom Group Inc.</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc., a New York
corporation formed in 1986, through its branded networks and agencies provides advertising, marketing and corporate communications services to over
5,000 clients in more than 100 countries.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">On a global, pan-regional and local
basis, Omnicom Group&#146;s networks and agencies provide a comprehensive range of services in the following fundamental disciplines: advertising,
customer relationship management, or CRM, which includes CRM Consumer Experience and CRM Execution &amp; Support, public relations and healthcare.
Advertising includes creative services, as well as strategic media planning and buying and data analytics services. CRM Consumer Experience includes
Omnicom Group&#146;s Precision Marketing Group and digital/direct agencies, as well as its branding, shopper marketing and experiential marketing
agencies. CRM Execution &amp; Support includes field marketing, sales support, merchandising and point of sale, as well as other specialized marketing
and custom communications services. Public relations services include corporate communications, crisis management, public affairs and media and media
relations services. Healthcare includes advertising and media services to global healthcare clients. Omnicom Group&#146;s business model was built and
continues to evolve around its clients. Omnicom Group&#146;s fundamental business principle is that its clients&#146; specific marketing requirements
are the central focus of how Omnicom Group structures its service offerings and allocates its resources. This client-centric business model requires
that multiple agencies within Omnicom Group collaborate in formal and informal virtual client networks utilizing Omnicom Group&#146;s key client matrix
organization structure. This collaboration allows Omnicom Group to cut across its internal organizational structures to execute its clients&#146;
marketing requirements in a consistent and comprehensive manner. Omnicom Group uses its client-centric approach to grow its business by expanding its
service offerings to existing clients, moving into new markets and obtaining new clients. In addition to collaborating through its client service
models, Omnicom Group&#146;s agencies and networks collaborate across internally developed technology platforms. Annalect, Omnicom Group&#146;s
proprietary data and analytics platform, serves as the strategic resource for all of Omnicom Group&#146;s agencies and networks to share when
developing client service strategies across Omnicom Group&#146;s virtual networks. Omni, Omnicom Group&#146;s people-based precision marketing and
insights platform, identifies and defines personalized consumer experiences at scale across creative, media and CRM, as well as other
disciplines.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT" STYLE="margin-bottom: 0.22in; text-indent: 21px">Driven by its clients&#146; continuous
demand for more effective and efficient marketing activities, Omnicom Group strives to provide an extensive range of advertising, marketing and
corporate communications services through various client-centric networks that are organized to meet specific client objectives. Omnicom Group&#146;s
service offerings include:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" ALIGN="CENTER" STYLE="width: 90%; font-size: 9pt">
<TR VALIGN="TOP">
     <TD STYLE="text-align: left; width: 45%"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">advertising</DIV></FONT></TD>
     <TD STYLE="width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left; width: 45%"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">investor relations</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">branding</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">marketing research</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">content marketing</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">media planning and buying</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">corporate social responsibility consulting</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">merchandising and point of sale</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">crisis communications</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">mobile marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">custom publishing</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">multi-cultural marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">data analytics</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">non-profit marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">database management</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">organizational communications</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">digital/direct marketing</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">package design</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">digital transformation</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">product placement</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">entertainment marketing</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">promotional marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">experiential marketing</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">public affairs</DIV></FONT></TD>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">1<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always">


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" ALIGN="CENTER" STYLE="width: 90%; font-size: 9pt">
<TR VALIGN="TOP">
     <TD STYLE="text-align: left; width: 45%"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="margin-left: 0; text-indent: 0">field marketing</DIV></FONT></TD>
     <TD STYLE="width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left; width: 45%"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">public relations</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV>financial/corporate business-to-business advertising</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">retail marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">graphic arts/digital imaging</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">sales support</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">healthcare marketing and communications</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">search engine marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">instore design</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">shopper marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">interactive marketing</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">social media marketing</DIV></FONT></TD>
</TR>
<TR VALIGN="TOP">
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">&nbsp;</DIV></FONT></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD STYLE="text-align: left"><FONT FACE="Times New Roman, Times, Serif" STYLE="FONT-SIZE: 9pt"><DIV STYLE="MARGIN-LEFT: 0px; TEXT-INDENT:
0px">sports and event marketing</DIV></FONT></TD></tr>
</TABLE>
&nbsp;<BR>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. is incorporated in
New York and is a holding company. Its principal corporate offices are located at 437 Madison Avenue, New York, NY 10022; 1055 Washington Boulevard,
Stamford, CT 06901; and 525 Okeechobee Boulevard, West Palm Beach, FL 33411. Its telephone numbers are (212) 415-3600, (203) 618-1500 and (561)
207-2200, respectively.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Omnicom Finance Holdings plc</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Finance Holdings is a wholly
owned indirect subsidiary of Omnicom Group Inc. Omnicom Finance Holdings does not have any independent operations. Omnicom Finance Holdings&#146;
assets consist of its investments in several wholly owned finance companies that function as treasury centers, which provide funding for various
operating companies in Europe, Brazil, Australia and Asia-Pacific. The finance companies&#146; assets consist of intercompany loans that they make or
have made to the operating companies in their region and the related interest receivables. There are no restrictions on the ability of Omnicom Finance
Holdings to obtain funds from our subsidiaries through dividends, loans or advances.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Finance Holdings is a public
limited company organized under the laws of England and Wales. Its principal office is located at Bankside 3, 90-100 Southwark Street, London, SE1 0SW,
United Kingdom and its telephone number is +44 (0) 20-7298-7007.</FONT></DIV></P>
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<BR>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro2"></A>ABOUT THIS
PROSPECTUS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus is part of a
registration statement that we filed with the Securities and Exchange Commission (the &#147;SEC&#148;) utilizing a &#147;shelf&#148; registration
process. Under this shelf registration process, we may, from time to time, sell any combination of the securities described in this prospectus in one
or more offerings. This prospectus provides you with a general description of the securities we may offer. Each time we sell securities, we will
provide a prospectus supplement and, if applicable, a free writing prospectus that will contain specific information about the terms of that offering.
The prospectus supplement will describe: the terms of the securities offered, any initial public offering price, the price paid to us for the
securities, the net proceeds to us, the manner of distribution and any underwriting compensation and the other specific material terms related to the
offering of the applicable securities. For more detail on the terms of the securities, you should read the exhibits filed with or incorporated by
reference in our registration statement of which this prospectus forms a part. The prospectus supplement and any related free writing prospectus may
also add, update or change information contained in this prospectus. If there is any inconsistency between the information in this prospectus and in
any prospectus supplement or free writing prospectus, you should rely on the information in that prospectus supplement or free writing prospectus, as
applicable. You should read this prospectus, any prospectus supplement and any free writing prospectus together with additional information described
under the heading &#147;Where You Can Find More Information; Incorporation by Reference.&#148;</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus contains summaries of
certain provisions contained in some of the documents described herein. Please refer to the actual documents for complete information. All of the
summaries are qualified in their entirety by the actual documents. Copies of the documents referred to herein have been filed, or will be filed or
incorporated by reference as exhibits to the registration statement of which this prospectus is a part, and you may obtain copies of those documents as
described below under &#147;Where You Can Find More Information; Incorporation by Reference.&#148;</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Pursuant to this registration statement
Omnicom Group Inc. may offer, issue and sell securities as set forth on the cover page of this prospectus. Because Omnicom Group Inc. is a
&#147;well-known seasoned issuer,&#148; as defined in Rule 405 of the Securities Act of 1933, as amended, which we refer to in this prospectus as the
&#147;Securities Act,&#148; Omnicom Group Inc. may add to and offer additional securities, including securities held by security holders, by filing a
prospectus supplement with the SEC at the time of the offer. In addition, Omnicom Group Inc. is able to add its subsidiaries and securities to be
issued by them if Omnicom Group Inc. guarantees such securities. Omnicom Group Inc. will guarantee any debt securities that Omnicom Finance Holdings
issues under this prospectus.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro3"></A>WHERE YOU CAN FIND MORE
INFORMATION; INCORPORATION BY REFERENCE</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">This prospectus is a part of a
registration statement filed by Omnicom Group Inc. and Omnicom Finance Holdings under the Securities Act. The registration statement also includes
additional information not contained in this prospectus.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. files annual,
quarterly and current reports and any amendments to those reports, proxy statements and other information with the SEC. Documents Omnicom Group Inc.
files with the SEC are available free of charge on Omnicom Group Inc.&#146;s website at http://investor.omnicomgroup.com, as soon as reasonably
practicable after such material is filed with the SEC. Information included or available through Omnicom Group Inc.&#146;s website does not constitute
a part of this prospectus or any prospectus supplement. Any document that Omnicom Group Inc. files with the SEC is available on the SEC&#146;s website
at www.sec.gov.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The SEC allows us to &#147;incorporate
by reference&#148; into this prospectus and any prospectus supplement (as well as the related registration statement) the information we file with the
SEC, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is
considered to be part of this prospectus as a legal matter. Information that we file later with the SEC will automatically update information in this
prospectus. In all cases, you should rely on the later information over different information included in this prospectus or the prospectus supplement.
We incorporate by reference the documents listed below and any future filings made with the SEC under Section 13(a), 13(c), 14, or 15(d) of the
Securities Exchange Act of 1934:</FONT></DIV></P>
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<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Annual Report of Omnicom Group Inc. on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on <A HREF="http://www.sec.gov/Archives/edgar/data/29989/000002998920000005/omc-20191231.htm">February 11, 2020</A>;</FONT></TD>
</TR>
</TABLE>



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     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Current Report of Omnicom Group Inc. on Form 8-K filed with the SEC on <A HREF="http://www.sec.gov/Archives/edgar/data/29989/000089109220001829/e8397_8k.htm">February 19, 2020</A>;</FONT></TD>
</TR>
</TABLE>
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<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Information specifically incorporated by reference in Omnicom
Group Inc.&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 from its definitive proxy statement on Schedule 14A, filed
with the SEC on <A HREF="http://www.sec.gov/Archives/edgar/data/29989/000120677419001288/omc3497561-def14a.htm">April 10, 2019</A>; and</FONT></TD>
</TR>
</TABLE>
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<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Registration Statement on Form 8-A filed pursuant to Section 12 of
the Exchange Act describing Omnicom Group Inc.&#146;s common stock, including any amendments or reports filed for the purpose of updating such
description.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">All documents we file pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus and before the later of (1) the completion of the offering of
the securities described in this prospectus and (2) if applicable, the date any underwriters stop offering securities pursuant to this prospectus will
also be incorporated by reference in this prospectus from the date of filing of such documents (other than information furnished pursuant to Items 2.02
or 7.01 of Form 8-K, including any financial statements or exhibits relating thereto and furnished pursuant to Item 9.01). Upon request, we will
provide to each person, including any beneficial owner, to whom a prospectus is delivered, a copy of any or all of the information that has been
incorporated by reference in this prospectus but not delivered with this prospectus.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">You may request a copy of these filings,
at no cost, by writing or telephoning Omnicom Group Inc. at the following address:</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">Omnicom Group Inc.<BR>437 Madison Avenue<BR> New York, NY 10022<BR> Attn: Corporate
Secretary<BR> (212) 415-3600</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We have not authorized anyone to provide
you with information other than that contained in or incorporated by reference into this prospectus, any accompanying prospectus supplement or any free
writing prospectus related hereto that we may authorize to be delivered to you. If given or made, any such other information or representation should
not be relied upon as having been authorized by us. You should not assume that the information in this prospectus, the prospectus supplement or any
documents incorporated by reference is accurate as of any date other than the date on the front of the applicable document.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro4"></A>SPECIAL NOTE ON FORWARD-LOOKING
STATEMENTS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Certain statements in this prospectus
constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition,
from time to time, we or our representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss
goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current
beliefs of our management as well as assumptions made by, and information currently available to, our management. Forward-looking statements may be
accompanied by words such as &#147;aim,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;plan,&#148; &#147;could,&#148; &#147;should,&#148;
&#147;would,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;forecast,&#148; &#147;future,&#148; &#147;guidance,&#148; &#147;intend,&#148;
&#147;may,&#148; &#147;will,&#148; &#147;possible,&#148; &#147;potential,&#148; &#147;predict,&#148; &#147;project&#148; or similar words, phrases or
expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside our control. Therefore, you
should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking
statements include: international, national or local economic conditions that could adversely affect us or our clients; losses on media purchases and
production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments and a deterioration in the credit markets;
the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing and corporate
communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes relating to competitive
factors in the advertising, marketing and corporate communications industries; the ability to hire and retain key personnel; currency exchange rate
fluctuations; reliance on information technology systems; changes in legislation or governmental regulations affecting us or our clients; risks
associated with assumptions we make in connection with our critical accounting estimates and legal proceedings; and
our international operations, which are subject to the risks of currency </FONT></DIV></P>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT"><BR>repatriation restrictions, social or political conditions and regulatory
environment. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties
that may affect our business, including those described in Item 1A, &#147;Risk Factors&#148; and Item 7, &#147;Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operations&#148; in our Annual Report on Form 10-K for the year ended December 31, 2019. Except as
required under applicable law, we do not assume any obligation to update these forward-looking statements.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro5"></A>USE OF
PROCEEDS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless otherwise specified in an
applicable prospectus supplement, Omnicom Group will use the proceeds it receives from the sale of the offered securities for general corporate
purposes, which could include working capital expenditures, fixed asset expenditures, acquisitions, repayment of commercial paper, repayment of other
debt, refinancing of other debt, repurchases of Omnicom Group&#146;s common stock or other capital transactions. Pending the application of the
proceeds, we may invest proceeds in short-term investment grade obligations. The precise amounts and timing of the application of proceeds will depend
upon the funding requirements of Omnicom Group Inc. and its subsidiaries at the time of issuance and the availability of other funds.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro6"></A>DESCRIPTION OF OMNICOM GROUP INC.
COMMON STOCK</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>General</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The following briefly summarizes the
material terms of Omnicom Group Inc.&#146;s common stock. You should read the more detailed provisions of Omnicom Group Inc.&#146;s restated
certificate of incorporation for provisions that may be important to you.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc.&#146;s restated
certificate of incorporation authorizes it to issue up to 1,000,000,000 shares of common stock, par value $.15 per share. As of January 30, 2020,
Omnicom Group Inc. had 216,867,679 shares of its common stock outstanding.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Each holder of common stock is entitled
to one vote per share for the election of directors and for all other matters to be voted on by Omnicom Group Inc. shareholders. Holders of common
stock may not cumulate their votes in the election of directors, and are entitled to share equally in the dividends that may be declared by the board
of directors, but only after payment of dividends required to be paid on any outstanding shares of preferred stock.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc.&#146;s shareholders
elect the full board of directors annually. An affirmative vote of the holders of a majority of votes cast is required for Omnicom Group Inc.&#146;s
shareholders to remove a director, amend Omnicom Group Inc.&#146;s by-laws or its restated certificate of incorporation and to change the number of
directors comprising the full board.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The board of directors also has power to
amend the by-laws or change the number of directors comprising the full board.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Upon voluntary or involuntary
liquidation, dissolution or winding up of Omnicom Group Inc., the holders of the common stock share ratably in the assets remaining after payments to
creditors and provision for the preference of any preferred stock. There are currently no preemptive or other subscription rights, conversion rights or
redemption or scheduled installment payment provisions relating to shares of common stock. All of the outstanding shares of common stock are fully paid
and nonassessable.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Transfer Agent and Registrar</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The transfer agent and registrar for the
common stock is Equiniti Trust Company.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Listing</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The common stock is listed on the New
York Stock Exchange under the symbol &#147;OMC.&#148;</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro7"></A>DESCRIPTION OF OMNICOM GROUP INC.
PREFERRED STOCK</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The following briefly summarizes the
material terms of Omnicom Group Inc.&#146;s preferred stock, other than pricing and related terms to be disclosed in a prospectus supplement. You
should read the particular terms of any series of preferred stock offered by Omnicom Group Inc. which will be described in more detail in any
prospectus supplement relating to such series, together with the more detailed provisions of Omnicom Group Inc.&#146;s restated certificate of
incorporation and the certificate of designation relating to each particular series of preferred stock, for provisions that may be important to you.
The restated certificate of incorporation is incorporated by reference as an exhibit to the registration statement of which this prospectus forms a
part. The certificate of designation relating to the particular series of preferred stock offered by a prospectus supplement relating to the
series&#146; issue will be filed as an exhibit to one of Omnicom Group Inc.&#146;s future current reports and incorporated by reference in the
registration statement to which this prospectus relates. The prospectus supplement will also state whether any of the terms summarized below do not
apply to the series of preferred stock being offered.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>General</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">As of the date of this prospectus,
Omnicom Group Inc. is authorized to issue up to 7.5 million shares of preferred stock, par value $1.00 per share, none of which is
outstanding.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Under Omnicom Group Inc.&#146;s restated
certificate of incorporation, the board of directors of Omnicom Group Inc. is authorized to issue, without the approval of Omnicom Group Inc.&#146;s
shareholders, shares of preferred stock in one or more series, and to establish from time to time a series of preferred stock having such powers,
preferences, rights and limitations as the board of directors so designates.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Prior to the issuance of any series of
preferred stock, the board of directors of Omnicom Group Inc. will adopt resolutions creating and designating the series as a series of preferred stock
and the resolutions will be filed with the New York State Secretary of State as an amendment to the restated certificate of
incorporation.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The resolutions of the board of
directors of Omnicom Group Inc. providing for a series of preferred stock may include the following provisions:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the title and stated value of the preferred stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the number of shares of the preferred stock offered, the
liquidation preference per share and the purchase price of the preferred stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the dividend rate, period and/or payment date or method of
calculation thereof applicable to the preferred stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">whether dividends shall be cumulative or non-cumulative and, if
cumulative, the date from which dividends on the preferred stock shall accumulate;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the provisions for a sinking fund, if any, for the preferred
stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the provisions for redemption, if applicable, of the preferred
stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions, if applicable, upon which the preferred
stock will be convertible into or exchangeable for other types of securities, including the conversion price (or a manner of calculation thereof) and
conversion period;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">voting rights, if any, of the preferred stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">whether interests in the preferred stock will be represented by
depositary shares; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other specific terms, preferences, rights, limitations or
restrictions of the preferred stock.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The rights of holders of the preferred
stock offered may be affected by the rights of holders of any shares of preferred stock that may be issued in the future. Those effects could be
adverse. Shares of preferred stock issued by Omnicom Group Inc. may have the effect of rendering more difficult or discouraging an acquisition of
Omnicom Group Inc. deemed undesirable by the board of directors of Omnicom Group Inc.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">6<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The preferred stock will be, when
issued, fully paid and nonassessable. Holders of preferred stock will not have any preemptive or subscription rights to acquire more stock of Omnicom
Group Inc.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The transfer agent, registrar, dividend
disbursing agent and redemption agent for shares of each series of preferred stock will be named in the prospectus supplement relating to such
series.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Rank</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless otherwise specified in the
prospectus supplement relating to the shares of any series of preferred stock, the shares will rank on an equal basis with each other series of
preferred stock and prior to the common stock as to dividends and distributions of assets.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Dividends</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Holders of each series of preferred
stock will be entitled to receive cash dividends when, as and if declared by the board of directors of Omnicom Group Inc. out of funds legally
available for dividends. The rates and dates of payment of dividends will be set forth in the prospectus supplement relating to each series of
preferred stock. Dividends will be payable to holders of record of preferred stock as they appear on the books of Omnicom Group Inc. on the record
dates fixed by the board of directors. Dividends on any series of preferred stock may be cumulative or noncumulative.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Conversion and Exchange</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The prospectus supplement for any series
of preferred stock will state the terms, if any, on which shares of that series are convertible into or exchangeable for other types of securities of
Omnicom Group Inc.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Redemption</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If so specified in the applicable
prospectus supplement, a series of preferred stock may be redeemable at any time, in whole or in part, at the option of Omnicom Group Inc. or the
holder thereof and may be mandatorily redeemed.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Any partial redemptions of preferred
stock will be made in a way that the board of directors decides is equitable.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless Omnicom Group Inc. defaults in
the payment of the redemption price, dividends will cease to accrue after the redemption date on shares of preferred stock called for redemption and
all rights of holders of such shares will terminate except for the right to receive the redemption price.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Liquidation Preference</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Upon any voluntary or involuntary
liquidation, dissolution or winding up of Omnicom Group Inc., holders of each series of preferred stock will be entitled to receive distributions upon
liquidation in the amount set forth in the prospectus supplement relating to such series of preferred stock, plus an amount equal to any accrued and
unpaid dividends. Those distributions will be made before any distribution is made on any securities ranking junior relating to liquidation, including
common stock.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If the liquidation amounts payable
relating to the preferred stock of any series and any other securities ranking on a parity regarding liquidation rights are not paid in full, the
holders of the preferred stock of such series and such other securities will share in any such distribution of available assets of Omnicom Group Inc.
on a ratable basis in proportion to the full liquidation preferences.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Holders of preferred stock will not be
entitled to any other amounts from Omnicom Group Inc. after they have received their full liquidation preference.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Voting Rights</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The holders of shares of preferred stock
will have no voting rights, except:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">as otherwise stated in the prospectus supplement;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">as otherwise stated in the certificate of designation establishing
such series; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">as required by applicable law.</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">7<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro8"></A>DESCRIPTION OF U.S. DEBT
SECURITIES</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>General</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The description below of the general
terms of the U.S. debt securities will be supplemented by the more specific terms of a particular series in a prospectus supplement. As used in this
&#147;Description of U.S. Debt Securities,&#148; the term &#147;debt securities&#148; refers to the senior and subordinated debt securities that
Omnicom Group Inc. may offer from time to time, and the terms &#147;Issuer,&#148; &#147;we,&#148; &#147;us&#148; and &#147;our&#148; refer to Omnicom
Group Inc., unless the context otherwise requires or indicates.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will be unsecured
obligations of Omnicom Group Inc. and will be either senior or subordinated debt. We will issue the debt securities under an indenture between us and
Deutsche Bank Trust Company Americas, as trustee. The form of indenture is filed as an exhibit to the registration statement of which this prospectus
forms a part. The indenture will provide that our debt securities may be issued in one or more series, with different terms, in each case as authorized
from time to time by us. The indenture will also give us the ability to reopen a previous issue of a series of debt securities and issue additional
debt securities of that series or establish additional terms for that series of debt securities. The indenture will not limit the amount of debt
securities or other unsecured debt which we may issue.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Neither the senior debt securities nor
the subordinated debt securities will be secured by any of our property or assets. Thus, by owning a debt security, you are one of our unsecured
creditors.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition to the following description
of the debt securities, you should refer to the detailed provisions of the indenture.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If material, federal income tax
consequences and other special considerations applicable to any debt securities issued by the Issuer at a discount will be described in the applicable
prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will represent
direct, unsecured, general obligations of the Issuer and:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may rank equally with other unsubordinated debt or may be
subordinated to other debt the Issuer has or may incur;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may be issued in one or more series with the same or various
maturities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may be issued at a price of 100% of their principal amount or at a
premium or discount; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may be represented by one or more global notes registered in the
name of a designated depository&#146;s nominee, and if so, beneficial interests in the global note will be shown on and transfers will be made only
through records maintained by the designated depository and its participants.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. is a holding company.
As a result, the debt securities issued under the indenture will effectively be subordinated to all existing and future obligations of Omnicom Group
Inc.&#146;s operating subsidiaries, including trade payables, and to Omnicom Group Inc.&#146;s obligations that are secured, to the extent of the
security.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The aggregate principal amount of debt
securities that the Issuer may authenticate and deliver is unlimited. You should refer to the applicable prospectus supplement for the following terms
of the debt securities of the series with respect to which that prospectus supplement is being delivered:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the title of the debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">ranking of the specific series of debt securities relative to
other outstanding indebtedness, including subsidiaries&#146; debt;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">whether the debt securities will be senior or subordinated
debt;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if the debt securities are subordinated, the aggregate amount of
outstanding indebtedness, as of a recent date, that is senior to the subordinated securities, and any limitation on the issuance of additional senior
indebtedness;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the percentage of the principal amount at which the debt
securities will be sold and, if applicable, the method of determining the price;</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">8<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 11 -->
<!-- agabop mode="main" last-style="bullet" -->
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any limit on the aggregate principal amount of the debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the maturity date or dates;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the interest rate;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the manner in which the amounts of payment of principal of or
interest, if any, on the securities of the series will be determined, if such amounts may be determined by reference to an index based on a currency or
currencies or by reference to a commodity, commodity index, stock exchange index or financial index;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the date or dates from which any interest will accrue, or how such
date or dates will be determined, and the interest payment date or dates and any related record dates;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the location where payments on the debt securities will be
made;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions on which the debt securities may be
redeemed at the option of the Issuer;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions on which the debt securities may be
repurchased by the Issuer at the option of the holders thereof;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any obligation of the Issuer to redeem, purchase or repay the debt
securities pursuant to sinking fund provisions;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any obligation of the Issuer to redeem, purchase or repay the debt
securities at the option of a holder upon the happening of any event and the terms and conditions of redemption, purchase or repayment;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if other than denominations of $2,000 and integral multiples of
$1,000 in excess thereof, the denominations in which debt securities may be issued;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">whether the debt securities will be issuable as global
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if other than the principal amount, the portion of the principal
amount of the debt securities payable if the maturity is accelerated;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the provisions relating to any security provided for the debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any events of default not described in &#147;Events of
Default&#148; below;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions on which the debt securities may be
exchanged or converted into common stock or preferred stock of Omnicom Group Inc.;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the form and terms of any guarantee of or security for the debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any depositories, interest rate calculation agents or other
agents;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any material provisions of the indenture described in this
prospectus that do not apply to the debt securities; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other terms of the debt securities not inconsistent with the
provisions of the applicable indenture.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The terms on which a series of debt
securities may be convertible into or exchangeable for common stock or preferred stock of Omnicom Group Inc. will be set forth in the prospectus
supplement relating to such series. Such terms will include provisions as to whether conversion or exchange is mandatory, at the option of the holder
or at the option of the Issuer. The terms may include provisions pursuant to which the number of shares of common stock or other securities of Omnicom
Group Inc. to be received by the holders of such series of debt securities may be adjusted.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will be issued only
in registered form. Debt securities of a series will either be global securities registered in book-entry form, or a physical (paper) certificate
issued in definitive, or certificated, registered form. Procedures relating to global securities are described below under &#147;Book-Entry Procedures
and Settlement.&#148; Unless otherwise provided in the applicable prospectus supplement, debt securities denominated in United States dollars will be
issued only in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The prospectus supplement relating to offered securities
denominated in a foreign or composite currency will specify the denomination of the offered securities.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="text" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">9<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 12 -->
<!-- agabop mode="main" last-style="text" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Debt securities represented by a paper
certificate may be presented for exchange or transfer at the office of the Registrar. Holders will not have to pay any service charge for any
registration of transfer or exchange of their certificates, but the Issuer may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection with such registration of transfer.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Payment and Paying Agents</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Distributions on the debt securities
other than those represented by global notes will be made in the designated currency against surrender of the debt securities at the principal office
of the paying agent. Payment will be made to the registered holder at the close of business on the record date for such payment.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Interest payments will be made at the
principal corporate trust office of the trustee in New York City, or by a check mailed to the holder at his or her registered address. Payments in any
other manner will be specified in the prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Book-Entry Procedures and Settlement</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will be issued in
book-entry form only and represented by one or more global securities registered in the name of, and deposited with a custodian for, The Depository
Trust Company, or DTC, or its nominee. DTC or its nominee will be the sole registered holder of the debt securities for all purposes under the
indenture. Owners of beneficial interests in the debt securities represented by the global securities will hold their interests pursuant to the
procedures and practices of DTC. As a result, beneficial interests in these securities will be shown on, and may only be transferred through, records
maintained by DTC and its direct and indirect participants and any such interest may not be exchanged for certificated securities, except in limited
circumstances. Owners of beneficial interests must exercise any rights in respect of their interests, in accordance with the procedures and practices
of DTC. Beneficial owners will not be holders and will not be entitled to any rights provided to the holders of debt securities under the global
securities or the indenture.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer and the trustee, and any of
their respective agents, may treat DTC as the sole holder and registered owner of the global securities under the terms of the
indenture.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Optional Redemption</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless an applicable prospectus
supplement specifies otherwise, the debt securities will not be redeemable. In the event the debt securities are redeemable, the debt securities will
be redeemable, as a whole or in part, at the Issuer&#146;s option, at any time or from time to time, upon mailed notice (or electronic notice, as
applicable) to the registered address of each holder of debt securities at least 15 days but not more than 60 days prior to the redemption. The
redemption price will be equal to the greater of (1) 100% of the principal amount of the debt securities to be redeemed and (2) the sum of the present
values of the Remaining Scheduled Payments (as defined below) on such debt securities discounted to the date of redemption, on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus a make
whole spread, which will be specified in the applicable prospectus supplement, plus accrued and unpaid interest thereon to the redemption
date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Comparable Treasury Issue&#148;
means the United States Treasury security selected by the Reference Treasury Dealer (as defined below) as having a maturity comparable to the remaining
term of the debt securities, that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new
issues of corporate debt securities of comparable maturity to the remaining term of the debt securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Comparable Treasury Price&#148;
means, with respect to any redemption date, the Reference Treasury Dealer Quotations (as defined below) for that redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Reference Treasury Dealer&#148;
means each of any three primary U.S. Government securities dealer selected by us, and their respective successors.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Reference Treasury Dealer
Quotations&#148; means, with respect to the Reference Treasury Dealer and any redemption date, the average, as determined by the Issuer, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by the
Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding that redemption date.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="h2" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">10<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 12 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 13 -->
<!-- agabop mode="main" last-style="h2" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Remaining Scheduled Payments&#148;
means the remaining scheduled payments of principal of and interest on the debt securities that but for the redemption would be due after the related
redemption date, not including any portion of such interest payment accrued as of such redemption date. If that redemption date is not an interest
payment date with respect to the debt securities, the amount of the next succeeding scheduled interest payment on the debt securities will be reduced
by the amount of interest accrued on the debt securities to such redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">&#147;Treasury Rate&#148; means, with
respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity (computed as of the third business day
immediately preceding that redemption date) of the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">On and after the redemption date,
interest will cease to accrue on the debt securities or any portion of the debt securities called for redemption (unless we default in the payment of
the redemption price and accrued interest).</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Consolidation, Merger or Sale</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer may not consolidate with or
merge into, or convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to, any person, referred to as a
&#147;successor person,&#148; unless:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">either (a) the Issuer is the successor person or (b) the successor
person is an entity organized under the laws of the United States;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the successor person expressly assumes the Issuer&#146;s
obligations with respect to the debt securities and the indenture;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">immediately after giving effect to the transaction, no event of
default, and no event which, after notice or lapse of time or both, would become an event of default, shall have occurred and be continuing;
and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the Issuer or the successor person has delivered to the trustee
the certificates and opinions required under the indenture.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Modification of the Indenture</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that the
Issuer and the trustee may enter into supplemental indentures without obtaining the consent of any holder of debt securities:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to cure any ambiguity, defect or inconsistency;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to comply with the indenture&#146;s provisions regarding successor
corporations;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to comply with any requirements of the SEC in connection with the
qualification of the indenture under the Trust Indenture Act of 1939, as amended (the &#147;Trust Indenture Act&#148;);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to provide for global securities in addition to or in place of
certificated debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to add to, change or eliminate any of the provisions of the
indenture with respect to any series of debt securities; although no such addition, change or elimination may apply to any series of debt security
created prior to the execution of such amendment and entitled to the benefit of such provision, nor may any such amendment modify the rights of a
holder of any such debt security with respect to such provision, unless the amendment becomes effective only when there is no outstanding debt security
of any series created prior to such amendment and entitled to the benefit of such provision;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">in the case of subordinated debt securities, to make any change in
the provisions of the indenture relating to subordination that would limit or terminate the benefits available to any holder of senior indebtedness
under such provisions (but only if each such holder of senior indebtedness consents to such change);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to make any change that does not materially adversely affect in
any material respect the legal rights of any holder; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to establish additional series of debt securities as permitted by
the indenture.</FONT></TD>
</TR>
</TABLE>
<!-- agabop mode="frill" last-style="bullet" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">11<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 13 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 14 -->
<!-- agabop mode="main" last-style="bullet" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that the
Issuer and the trustee may, with the consent of the holders of at least a majority in aggregate principal amount of the debt securities of a series,
modify the indenture or the rights of the holders of the securities of the series to be affected. No modifications may, without the consent of the
holder of each security affected, be made that, as to any non-consenting holders:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the percentage of securities whose holders need to consent
to the modification;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the rate or change the time of payment of interest on the
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the principal amount of or the premium, if any, on the
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">change the fixed maturity of any of the securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the amount of, or postpone the date fixed for, the payment
of any sinking fund;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the principal amount payable upon acceleration of the
maturity of any securities issued originally at a discount;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">in the case of any subordinated debt security or coupons
appertaining thereto, make any change in the provisions of the indenture relating to subordination that adversely affects the rights of any holder
under such provisions;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">waive a default in the payment of the principal amount of, the
premium, if any, or any interest on the securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">change the currency in which any of the securities are
payable;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">impair the right to sue for the enforcement of any payment on or
after the maturity of the securities; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">waive a redemption payment with respect to the
securities.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Events of Default</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that events
of default regarding any series of debt securities will be:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to pay required interest on any debt security of such
series for 30 days;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to pay principal, other than a scheduled installment
payment, or premium, if any, on any debt security of the series when due;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to make any required deposit of any sinking fund payment
when due;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to perform for 60 days after notice any other covenant in
the applicable indenture (other than a covenant included in the applicable indenture solely for the benefit of a series of debt securities other than
such series);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(A) the Issuer&#146;s failure to make any payment by the end of
any applicable grace period after maturity of its indebtedness, which term as used in the applicable indenture means obligations (other than
nonrecourse obligations) of the Issuer for borrowed money or evidenced by bonds, debentures, notes or similar instruments in an amount (taken together
with amounts in (B)) in excess of $100 million and continuance of such failure, or (B) the acceleration of its indebtedness in an amount (taken
together with the amounts in (A)) in excess of $100 million because of a default with respect to such indebtedness without such indebtedness having
been discharged or such acceleration having been cured, waived, rescinded or annulled in case of (A) or (B) above, for a period of 30 days after
written notice to the Issuer by the trustee or to the Issuer and the trustee by the holders of not less than 25% in aggregate principal amount of the
notes then outstanding; however, if any such failure or acceleration referred to in (A) or (B) above shall cease or be cured or be waived, rescinded or
annulled in accordance with the terms of the applicable debt security, then the event of default by reason thereof shall be deemed not to have
occurred;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">certain events of bankruptcy or insolvency, whether voluntary or
not; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other event of default described in the prospectus supplement
of such series of debt securities.</FONT></TD>
</TR>
</TABLE>
<!-- agabop mode="frill" last-style="bullet" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">12<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 14 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 15 -->
<!-- agabop mode="main" last-style="bullet" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If an event of default (other than the
bankruptcy provision) regarding debt securities of any series issued under the indenture should occur and be continuing, either the trustee or the
holders of 25% in the principal amount of outstanding debt securities of such series may declare each debt security of that series due and payable. If
a bankruptcy event occurs, the principal of and accrued and unpaid interest on the debt securities of such series shall immediately become due and
payable without any declaration or other act on the part of the trustee or the holders of the debt securities of such series. The holders of a majority
in principal amount of debt securities of such series may rescind any other declaration or acceleration and its consequences if the rescission would
not conflict with any judgment or decree and if all existing events of default have been cured or waived (other than nonpayment of principal or
interest that has become due solely as a result of acceleration). The Issuer is required to file annually with the trustee a statement of an officer as
to the fulfillment by the Issuer of its obligations under the applicable indenture during the preceding year.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Holders of a majority in principal
amount of the outstanding debt securities of any series will be entitled to control certain actions of the trustee under the applicable indenture.
Holders of a majority in principal amount of the outstanding debt securities of any series also will be entitled to waive past defaults regarding the
series, except for a default in payment of principal, premium or interest or a default in a covenant or provision which may not be modified or amended
without the consent of each holder of a debt security of the affected series. The trustee generally may not be ordered or directed by any of the
holders of debt securities to take any action, unless one or more of the holders shall have offered to the trustee security or indemnity satisfactory
to it.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If an event of default occurs and is
continuing regarding a series of debt securities, the trustee may use any sums that it holds under the applicable indenture for its own reasonable
compensation and expenses incurred prior to paying the holders of debt securities of such series.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Before any holder of any series of debt
securities may institute action for any remedy, except payment on the holder&#146;s debt security when due, the holders of not less than 25% in
principal amount of the debt securities of that series outstanding must request the trustee to take action. Holders must also offer and give the
trustee security and indemnity satisfactory to it against liabilities incurred by the trustee for taking such action.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Defeasance</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that the
Issuer may specify with respect to any series of debt securities that after the Issuer has deposited with the trustee, cash or government securities,
in trust for the benefit of the holders sufficient to pay the principal of, premium, if any, and interest on and any mandatory sinking fund payments in
respect of the debt securities of such series when due, then the Issuer:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will be deemed to have paid and satisfied its obligations on all
outstanding debt securities of such series, which is known as &#147;defeasance and discharge&#148;; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will cease to be under any obligation, other than to pay when due
the principal of, premium, if any, and interest on and any mandatory sinking fund payments in respect of such debt securities, relating to the debt
securities of such series, which is known as &#147;covenant defeasance.&#148;</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In each case, the Issuer must also
deliver to the trustee an opinion of counsel to the effect that the holders of the debt securities of such series will have no federal income tax
consequences as a result of such deposit.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, the indenture will provide
that if the Issuer chooses to have the defeasance and discharge provision applied to the subordinated debt securities, the subordination provisions of
the indenture will become ineffective upon full defeasance of the subordinated debt securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">When there is a defeasance and
discharge, with limited exceptions, (1) the indenture will no longer govern the debt securities of such series, (2) the Issuer will no longer be liable
for payment, and (3) the holders of the debt securities will be entitled only to the deposited funds. When there is a covenant defeasance, however, the
Issuer will continue to be obligated to make payments when due if the deposited funds are not sufficient.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="text" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">13<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 15 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Subordination</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Debt securities of a series, and any
guarantees, may be subordinated, which we refer to as subordinated debt securities, to senior indebtedness (as defined in the applicable prospectus
supplement) to the extent set forth in the prospectus supplement relating thereto. To the extent we conduct operations through subsidiaries, the
holders of debt securities (whether or not subordinated debt securities) will be structurally subordinated to the creditors of our subsidiaries except
to the extent such subsidiary is a guarantor of such series of debt securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Further Issues</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer may from time to time,
without notice to or the consent of the registered holders of a series of debt securities, create and issue further debt securities of any such series
ranking equally with the debt securities of the corresponding series in all respects (or in all respects other than the payment of interest accruing
prior to the issue date of such further debt securities or except for the first payment of interest following the issue date of such further debt
securities). Such further debt securities may be consolidated and form a single series with the debt securities of the corresponding series and have
the same terms as to status, redemption or otherwise as the debt securities of the corresponding series.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Concerning the Trustee</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The trustee may engage in transactions
with, or perform services for, the Issuer and affiliates of the Issuer in the ordinary course of business. The trustee will perform only those duties
that are specifically set forth in the indenture unless an event of default under the indenture occurs and is continuing. In case an event of default
occurs and is continuing, the trustee will exercise the same degree of care and skill as a prudent individual would exercise in the conduct of his or
her own affairs.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Applicable Law</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities and the indenture
will be governed by, and construed in accordance with, the laws of the State of New York.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro9"></A>DESCRIPTION OF INTERNATIONAL DEBT
SECURITIES</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>General</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The description below of the general
terms of the international debt securities will be supplemented by the more specific terms of a particular series in a prospectus supplement. As used
in this &#147;Description of International Debt Securities,&#148; the term &#147;debt securities&#148; refers to the senior and subordinated debt
securities that Omnicom Finance Holdings may offer from time to time, and the terms &#147;Issuer,&#148; &#147;we,&#148; &#147;us&#148; and
&#147;our&#148; refer to Omnicom Finance Holdings, unless the context otherwise requires or indicates.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will be either
senior or subordinated debt. We will issue the debt securities under an indenture between us and Deutsche Bank Trust Company Americas, as trustee. The
form of indenture is filed as an exhibit to the registration statement of which this prospectus forms a part. The indenture will provide that our debt
securities may be issued in one or more series, with different terms, in each case as authorized from time to time by us. The indenture will also give
us the ability to reopen a previous issue of a series of debt securities and issue additional debt securities of that series or establish additional
terms for that series of debt securities. The indenture will not limit the amount of debt securities or other unsecured debt which we may
issue.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Neither the senior debt securities nor
the subordinated debt securities will be secured by any of our property or assets. Thus, by owning a debt security, you are one of our unsecured
creditors.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition to the following description
of the debt securities, you should refer to the detailed provisions of the indenture.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If material, United States federal or
United Kingdom income and corporation tax consequences and other special considerations applicable to any debt securities issued by the Issuer at a
discount will be described in the applicable prospectus supplement.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">14<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will represent
direct, unsecured, general obligations of the Issuer and:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may rank equally with other unsubordinated debt or may be
subordinated to other debt the Issuer has or may incur;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may be issued in one or more series with the same or various
maturities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may be issued at a price of 100% of their principal amount or at a
premium or discount; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">may be represented by one or more global notes registered in the
name of a designated depository&#146;s nominee, and if so, beneficial interests in the global note will be shown on and transfers will be made only
through records maintained by the designated depository and its participants.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. is a holding company
and Omnicom Finance Holdings is a finance subsidiary. As a finance subsidiary, Omnicom Finance Holdings&#146; assets consist of its investments in
several wholly owned finance companies that function as treasury centers, which provide funding for various operating companies in Europe, Brazil,
Australia and Asia-Pacific. The finance companies&#146; assets consist of intercompany loans that they make or have made to the operating companies in
their region and the related interest receivables. The debt securities issued under the indenture will effectively be subordinated to the Issuer&#146;s
obligations that are secured, to the extent of the security. Omnicom Finance Holdings&#146; obligations in respect of any debt securities will be
guaranteed by Omnicom Group Inc. The guarantee of the debt securities issued under the indenture will effectively be subordinated to Omnicom Group
Inc.&#146;s obligations that are secured, to the extent of the security, and to all existing and future obligations of Omnicom Group Inc.&#146;s
operating subsidiaries, including trade payables.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The aggregate principal amount of debt
securities that the Issuer may authenticate and deliver is unlimited. You should refer to the applicable prospectus supplement for the following terms
of the debt securities of the series with respect to which that prospectus supplement is being delivered:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the title of the debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">ranking of the specific series of debt securities relative to
other outstanding indebtedness, including subsidiaries&#146; debt;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">whether the debt securities will be senior or subordinated
debt;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if the debt securities are subordinated, the aggregate amount of
outstanding indebtedness, as of a recent date, that is senior to the subordinated securities, and any limitation on the issuance of additional senior
indebtedness;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the percentage of the principal amount at which the debt
securities will be sold and, if applicable, the method of determining the price;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any limit on the aggregate principal amount of the debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the maturity date or dates;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the interest rate;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the manner in which the amounts of payment of principal of or
interest, if any, on the securities of the series will be determined, if such amounts may be determined by reference to an index based on a currency or
currencies or by reference to a commodity, commodity index, stock exchange index or financial index;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the date or dates from which any interest will accrue, or how such
date or dates will be determined, and the interest payment date or dates and any related record dates;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the location where payments on the debt securities will be
made;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions on which the debt securities may be
redeemed at the option of the Issuer;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions on which the debt securities may be
repurchased by the Issuer at the option of the holders thereof;</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">15<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any obligation of the Issuer to redeem, purchase or repay the debt
securities pursuant to sinking fund provisions;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any obligation of the Issuer to redeem, purchase or repay the debt
securities at the option of a holder upon the happening of any event and the terms and conditions of redemption, purchase or repayment;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if other than minimum denominations of $200,000 and multiples of
$1,000 in excess thereof, the minimum denominations in which debt securities may be issued;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">whether the debt securities will be issuable as global
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if other than the principal amount, the portion of the principal
amount of the debt securities payable if the maturity is accelerated;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the provisions relating to any security provided for the debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any events of default not described in &#147;Events of
Default&#148; below;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the terms and conditions on which the debt securities may be
exchanged or converted into common stock of Omnicom Group Inc.;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the form and terms of the guarantee of the debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any depositories, interest rate calculation agents or other
agents;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if the debt securities will be issued in the form of one or more
book-entry securities, the name of the depository or its nominee and the circumstances under which the book-entry security may be transferred or
exchanged to someone other than the depository or its nominee;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any material provisions of the indenture described in this
prospectus that do not apply to the debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any listing on a securities exchange;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the currency or currencies in which payment of the principal of,
premium, if any, and interest on, the debt securities shall be payable; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other terms of the debt securities not inconsistent with the
provisions of the applicable indenture.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The terms on which a series of debt
securities may be convertible into or exchangeable for common stock of Omnicom Group Inc. will be set forth in the prospectus supplement relating to
such series. Such terms will include provisions as to whether conversion or exchange is mandatory, at the option of the holder or at the option of the
Issuer. The terms may include provisions pursuant to which the number of shares of common stock of Omnicom Group Inc. to be received by the holders of
such series of debt securities may be adjusted.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will be issued only
in registered form. Debt securities of a series will either be global securities registered in book-entry form, or a physical (paper) certificate
issued in definitive, or certificated, registered form. Procedures relating to global securities are described below under &#147;Book-Entry; Delivery
and Form; Global Securities.&#148; Unless otherwise provided in the applicable prospectus supplement, debt securities denominated in United States
dollars will be issued only in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof. The prospectus supplement relating
to offered securities denominated in a foreign or composite currency will specify the denomination of the offered securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Debt securities represented by a paper
certificate may be presented for exchange or transfer at the office of the Registrar. Holders will not have to pay any service charge for any
registration of transfer or exchange of their certificates, but the Issuer may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection with such registration of transfer.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">16<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Guarantee</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. will fully and
unconditionally guarantee the full and punctual payment of principal of and premium, if any, and interest on the debt securities on a senior unsecured
basis, when and as the same become due and payable, whether on a maturity date, by declaration of acceleration, upon redemption, repurchase or
otherwise, and all other obligations of Omnicom Finance Holdings under the indenture.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. may, by execution and
delivery to the trustee of a supplemental indenture, be released from its guarantee upon the sale or other transfer of no less than a majority of its
capital stock or of all or substantially all of its assets to an entity that is not a subsidiary of Omnicom Group Inc. and which sale or other transfer
is otherwise in compliance with the requirements of the indenture, which release shall be effective without any action on the part of the trustee or
any holder of the debt securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Payment and Paying Agents</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Distributions on the debt securities
other than those represented by global notes will be made in the designated currency against surrender of the debt securities at the principal office
of the paying agent. Payment will be made to the registered holder at the close of business on the record date for such payment.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Interest payments will be made at the
principal corporate trust office of the trustee in New York City, or by a check mailed to the holder at his or her registered address. Payments in any
other manner will be specified in the prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Book-Entry; Delivery and Form; Global
Securities</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities will be issued in
book-entry form only and evidenced by a global security in registered form, and, in the case of debt securities denominated in Dollars, with a CUSIP,
registered in the name of a nominee for DTC, and, in the case of debt securities denominated in another currency, with an ISIN and Common Code,
registered in the name of a nominee for, and deposited with a common depositary on behalf of, Euroclear Bank S.A./N.V. (&#147;Euroclear&#148;) and
Clearstream Banking, S.A., Luxembourg (&#147;Clearstream, Luxembourg&#148;). Beneficial interests in a global security may be held only through DTC,
Euroclear or Clearstream, Luxembourg, as the case may be, at any time.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Except in the limited circumstances,
owners of beneficial interests in a global security will not be entitled to receive physical delivery of certificated debt securities in definitive
form. The debt securities are not issuable in bearer form.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Upon the issuance of the global
securities and their deposit with or on behalf of DTC, Euroclear, Clearstream, Luxembourg and/or the common depositary, as the case may be, DTC,
Euroclear, Clearstream, Luxembourg and/or the common depositary or the relevant nominee will credit, on its book-entry registration and transfer
system, the principal amounts of debt securities represented by the global securities to the accounts of participating institutions that have accounts
with DTC, Euroclear, Clearstream, Luxembourg, the common depositary and/or the relevant nominee. Ownership of beneficial interests in the global
securities will be limited to participating institutions or their clients. DTC, Euroclear, Clearstream, Luxembourg, the common depositary and/or the
relevant nominee will keep records of the ownership and transfer of beneficial interests in the global securities by participating institutions.
Participating institutions will keep records of the ownership and transfer of beneficial interests by their clients. The laws of some jurisdictions may
require that purchasers of debt securities receive physical certificates, which may impair a holder&#146;s ability to transfer its beneficial interests
in global securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">DTC, Euroclear, Clearstream, Luxembourg,
the common depositary and/or the relevant nominee as the registered owner of a global security will be considered the sole owner of all of debt
securities represented by the relevant global security for all purposes under the indenture. Generally, if a holder owns beneficial interests in a
global security, that holder will not be entitled to have debt securities registered in that holder&#146;s own name, and that holder will not be
entitled to receive a certificate representing that holder&#146;s ownership. Accordingly, if a holder owns a beneficial interest in a global security,
the holder must rely on DTC, Euroclear, Clearstream, Luxembourg, the common depositary and/or the relevant nominee and, if applicable, the
participating institution of which that holder is a client to exercise the rights of that holder under the indenture.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="h2" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">17<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 20 -->
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Optional Redemption</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless an applicable prospectus
supplement specifies otherwise, the debt securities will not be redeemable, except as provided under &#147;&#151;Redemption Upon Changes in Withholding
Taxes&#148; below. In the event the debt securities are redeemable, the debt securities will be redeemable, as a whole or in part, at the Issuer&#146;s
option, at any time or from time to time, upon mailed notice (or electronic notice, as applicable) to the registered address of each holder of debt
securities at least 15 days but not more than 60 days prior to the redemption. The terms of such redemption will be set forth in the applicable
prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Redemption Upon Changes in Withholding
Taxes</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless otherwise provided in the
applicable prospectus supplement, Omnicom Finance Holdings may redeem all, but not less than all, of the debt securities of any series at a redemption
price equal to 100% of the principal amount thereof, together with accrued interest, if any, to the redemption date and Additional Amounts (as defined
below under &#147;Payment of Additional Amounts&#148;), if any, under the following conditions:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if there is an amendment to, or change in, the laws, regulations,
rulings or treaties of the United Kingdom, the United States or other jurisdiction in which Omnicom Finance Holdings or Omnicom Group Inc. or, in each
case, any successor thereof (including a successor person formed by a consolidation with Omnicom Finance Holdings or Omnicom Group Inc., into which
Omnicom Finance Holdings or Omnicom Group Inc. is merged, or that acquires or leases all or substantially all of the property and assets of Omnicom
Finance Holdings or Omnicom Group Inc.) may be incorporated, organized, or otherwise resident for tax purposes, or engaged in business for tax
purposes, as applicable, or any political subdivision thereof or therein having the power to tax, or any jurisdiction from or through which payment is
made by or on behalf of Omnicom Finance Holdings or Omnicom Group Inc. (a &#147;Taxing Jurisdiction&#148;), or any change in the application or
official interpretation of such laws, regulations, rulings or treaties, including any action taken by, or a change in published administrative practice
of, a taxing authority or a holding by a court of competent jurisdiction, regardless of whether such action, change or holding is with respect to
Omnicom Finance Holdings or Omnicom Group Inc.;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">as a result of such amendment or change, Omnicom Finance Holdings
or Omnicom Group Inc. becomes, or there is a substantial probability that Omnicom Finance Holdings or Omnicom Group Inc. will become, obligated to pay
Additional Amounts as defined below in &#147;Payment of Additional Amounts,&#148; on the next payment date with respect to the debt securities of such
series (but, in the case of the guarantor, only if the payment giving rise to such requirement cannot be made by Omnicom Finance Holdings);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the obligation to pay Additional Amounts cannot be avoided through
Omnicom Finance Holdings&#146; or Omnicom Group Inc.&#146;s commercially reasonable measures, including, for the avoidance of doubt, the appointment of
a new paying agent, but not including substitution of the obligor of the debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Omnicom Finance Holdings delivers to the trustee:</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="48px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 36px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">a certificate of Omnicom Finance Holdings or Omnicom Group Inc.,
as the case may be, stating that the obligation to pay Additional Amounts cannot be avoided by Omnicom Finance Holdings or Omnicom Group Inc., as the
case may be, taking commercially reasonable measures available to it; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="48px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 36px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">a written opinion of independent tax counsel to Omnicom Finance
Holdings or Omnicom Group Inc., as the case may be, of recognized standing to the effect that Omnicom Finance Holdings or Omnicom Group Inc., as the
case may be, has, or there is a substantial probability that it will become obligated, to pay Additional Amounts as a result of a change, amendment,
official interpretation or application described above; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">following the delivery of the certificate and opinion described in
the previous bullet point, Omnicom Finance Holdings provides notice of redemption not less than 30 days, but not more than 60 days, prior to the date
of redemption. The notice of redemption cannot be given more than 60 days before the earliest date on which Omnicom Finance Holdings or Omnicom Group
Inc. would otherwise be, or there is a substantial probability that it would otherwise be, required to pay Additional Amounts.</FONT></TD>
</TR>
</TABLE>
<!-- agabop mode="frill" last-style="bullet" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">18<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 21 -->
<!-- agabop mode="main" last-style="bullet" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Upon the occurrence of each of the
bullet points above, Omnicom Finance Holdings may redeem the debt securities of such series at a redemption price equal to 100% of the principal amount
thereof, together with accrued and unpaid interest, if any, to the redemption date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Payment of Additional Amounts</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless otherwise required by law,
neither Omnicom Finance Holdings nor Omnicom Group Inc. will deduct or withhold from payments made by Omnicom Finance Holdings or Omnicom Group Inc.
under or with respect to the debt securities and the guarantee on account of any present or future taxes, duties, levies, imposts, assessments or
governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (&#147;Taxes&#148;). In the event that Omnicom
Finance Holdings or Omnicom Group Inc. is required to withhold or deduct any amount for or on account of any Taxes from any payment made under or with
respect to any debt securities or guarantee, as the case may be, Omnicom Finance Holdings or Omnicom Group Inc., as the case may be, will pay such
additional amounts (&#147;Additional Amounts&#148;) as may be necessary so that the net amount received by each holder of debt securities (including
Additional Amounts) after such withholding or deduction will equal the amount that such holder would have received if such Taxes had not been required
to be withheld or deducted.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Additional Amounts will not be payable
with respect to a payment made to a holder of debt securities or a holder of beneficial interests in global securities where such holder is subject to
taxation on such payment by a relevant Taxing Jurisdiction for or on account of:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any Taxes that are imposed or withheld solely because such holder
(or the beneficial owner for whose benefit such holder holds such debt securities) or a fiduciary, settlor, beneficiary, member, shareholder or other
equity owner of, or possessor of a power over, such holder (or beneficial owner) if such holder (or beneficial owner) is an estate, trust, partnership,
limited liability company, corporation or other entity:</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="48px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 36px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">is or was present or engaged in, or is or was treated as present
or engaged in, a trade or business in the Taxing Jurisdiction or has or had a permanent establishment in the Taxing Jurisdiction (in each case, other
than the mere fact of ownership of such debt securities, without another presence or business in such Taxing Jurisdiction);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="48px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 36px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">has or had any present or former connection (other than the mere
fact of ownership of such debt securities) with the Taxing Jurisdiction imposing such Taxes, including being or having been a national citizen or
resident thereof, being treated as being or having been a resident thereof or being or having been physically present therein;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="48px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 36px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(in relation to payments by the guarantor only) is or was a
personal holding company, a passive foreign investment company, a controlled foreign corporation, a foreign private foundation or other foreign tax
exempt organization or corporation that has accumulated earnings to avoid United States federal income tax; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="48px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 36px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(in relation to payments by the guarantor only) actually or
constructively owns or owned 10% or more of the total combined voting power of all classes of stock of Omnicom Group Inc. within the meaning of Section
871(h)(3) of the U.S. Internal Revenue Code of 1986, as amended (the &#147;Code&#148;);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Taxes imposed on any holder that is not the sole beneficial owner
of the debt securities, or a portion thereof, or that is a fiduciary or partnership, but only to the extent that a beneficiary or settlor with respect
to the fiduciary, a beneficial owner or member of the partnership would not have been entitled to the payment of an Additional Amount had the
beneficiary, settlor, beneficial owner, or member received directly its beneficial or distributive share of the payment;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any estate, inheritance, gift, sales, transfer, excise, personal
property or similar Taxes imposed with respect to the debt securities, except as otherwise provided in the indenture;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any Taxes imposed solely as a result of the presentation of such
debt securities (where presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or
the date on which payment thereof is duly provided for, whichever is later, except to the extent that the beneficiary or holder thereof would have been
entitled to the payment of Additional Amounts had the debt securities been presented for payment on any date during such 30-day period;</FONT></TD>
</TR>
</TABLE>
<!-- agabop mode="frill" last-style="bullet" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">19<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 21 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 22 -->
<!-- agabop mode="main" last-style="bullet" -->
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any Taxes imposed or withheld solely as a result of the failure of
such holder or any other person to comply with applicable certification, information, documentation or other reporting requirements concerning the
nationality, residence, or identity of such holder or connection with any Taxing Jurisdiction by such holder, if such compliance is required by
statute, regulation, ruling or administrative practice of the relevant Taxing Jurisdiction or by any applicable tax treaty to which the relevant Taxing
Jurisdiction is a party as a precondition to relief or exemption from such Taxes;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any Taxes that are payable by any method other than withholding or
deduction by Omnicom Finance Holdings or Omnicom Group Inc. or any paying agent from payments in respect of such debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any Taxes required to be withheld by any paying agent from any
payment in respect of any debt securities if such payment can be made without such withholding by at least one other paying agent;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any withholding or deduction required pursuant to sections 1471
through 1474 of the Code, any regulations or agreements thereunder, official interpretations thereof, any intergovernmental agreement, or any law,
rule, guidance or administrative practice implementing an intergovernmental agreement entered into in connection with such sections of the Code;
or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any combination of the above conditions.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="MARGIN-LEFT: 21px" ALIGN="LEFT">Each of Omnicom Finance Holdings and
Omnicom Group Inc., as applicable, also:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will make such withholding or deduction of Taxes;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will remit the full amount of Taxes so deducted or withheld to the
relevant Taxing Jurisdiction in accordance with all applicable laws;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will use its commercially reasonable efforts to obtain from each
Taxing Jurisdiction imposing such Taxes certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">upon request, will make available to the holders of the debt
securities, within 90 days after the date the payment of any Taxes so deducted or withheld is due pursuant to applicable law, certified copies of tax
receipts evidencing such payment by Omnicom Finance Holdings or Omnicom Group Inc. or if, notwithstanding Omnicom Finance Holdings&#146; or Omnicom
Group Inc.&#146;s efforts to obtain such receipts, the same are not obtainable, other evidence of such payments.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">At least 30 days prior to each date on
which any payment under or with respect to the debt securities of a series or related guarantee is due and payable, if Omnicom Finance Holdings or
Omnicom Group Inc. will be obligated to pay Additional Amounts with respect to such payment, Omnicom Finance Holdings or Omnicom Group Inc. will
deliver to the trustee an officer&#146;s certificate stating the fact that such Additional Amounts will be payable, the amounts so payable and such
other information as is necessary to enable the trustee to pay such Additional Amounts to holders of such debt securities on the payment
date.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, Omnicom Finance Holdings
will pay any stamp, issue, registration, documentary or other similar taxes and duties, including interest, penalties and Additional Amounts with
respect thereto, payable in the United Kingdom or the United States or any political subdivision or taxing authority of or in the foregoing in respect
of the creation, issue, offering, enforcement, redemption or retirement of the debt securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The foregoing provisions shall survive
any termination or the discharge of the indenture and shall apply to any jurisdiction in which Omnicom Finance Holdings or Omnicom Group Inc. or any
successor to Omnicom Finance Holdings or Omnicom Group Inc., as the case may be, is organized or is engaged in business for tax purposes or any
political subdivisions or taxing authority or agency thereof or therein.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Whenever in the indenture, any debt
securities, any guarantee or in this &#147;Description of International Debt Securities&#148; there is mentioned, in any context, the payment of
principal, premium, if any, redemption price, interest or any other amount payable under or with respect to any debt securities, such mention includes
the payment of Additional Amounts to the extent payable in the particular context.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="text" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">20<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 22 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 23 -->
<!-- agabop mode="main" last-style="text" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Consolidation, Merger or Sale</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer and Omnicom Group Inc. may
not consolidate with or merge into, or convey, transfer or lease their respective properties and assets as an entirety or substantially as an entirety
to, any person, referred to as a &#147;successor person,&#148; except in the case of the Issuer with, into or to Omnicom Group Inc. or any other
subsidiary of Omnicom Group Inc. (provided that the successor person (if any) expressly assumes by a supplemental indenture the Issuer&#146;s
obligations on the debt securities and under the indenture), unless:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">either (a) the Issuer or Omnicom Group Inc., as applicable, is the
successor person or (b) the successor person is an entity organized under the laws of (i) in the case of the Issuer, the United Kingdom, any member
country of the European Union or the United States or (ii) in the case of Omnicom Group Inc., the United States;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the successor person expressly assumes (a) in the case of the
Issuer, the Issuer&#146;s obligations with respect to the debt securities and the indenture or (b) in the case of Omnicom Group Inc., Omnicom Group
Inc.&#146;s obligations with respect to its guarantee of the debt securities and the indenture;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">immediately after giving effect to the transaction, no event of
default, and no event which, after notice or lapse of time or both, would become an event of default, shall have occurred and be continuing;
and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the Issuer or Omnicom Group Inc., as applicable, or the successor
person has delivered to the trustee the certificates and opinions required under the indenture.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Modification of the Indenture</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that the
Issuer, Omnicom Group Inc. and the trustee may enter into supplemental indentures without obtaining the consent of any holder of debt
securities:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to cure any ambiguity, defect or inconsistency;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to comply with the indenture&#146;s provisions regarding successor
corporations;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to comply with any requirements of the SEC in connection with the
qualification of the indenture under the Trust Indenture Act;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to provide for global securities in addition to or in place of
certificated debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to add to, change or eliminate any of the provisions of the
indenture with respect to any series of debt securities; although no such addition, change or elimination may apply to any series of debt security
created prior to the execution of such amendment and entitled to the benefit of such provision, nor may any such amendment modify the rights of a
holder of any such debt security with respect to such provision, unless the amendment becomes effective only when there is no outstanding debt security
of any series created prior to such amendment and entitled to the benefit of such provision;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">in the case of subordinated debt securities, to make any change in
the provisions of the indenture relating to subordination that would limit or terminate the benefits available to any holder of senior indebtedness
under such provisions (but only if each such holder of senior indebtedness consents to such change);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to secure the debt securities of any series or any guarantee
thereof;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to add an additional guarantor of any series of debt
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to add to the Issuer&#146;s or the guarantor&#146;s covenants or
obligations under the indenture for the protection of the holders of the debt securities or surrender any right, power or option conferred by the
indenture on the Issuer or the guarantor of the debt securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to make any change that does not materially adversely affect in
any material respect the legal rights of any holder; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">to establish additional series of debt securities as permitted by
the indenture.</FONT></TD>
</TR>
</TABLE>
<!-- agabop mode="frill" last-style="bullet" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">21<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 23 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 24 -->
<!-- agabop mode="main" last-style="bullet" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that the
Issuer, Omnicom Group Inc. and the trustee may, with the consent of the holders of at least a majority in aggregate principal amount of the debt
securities of a series, modify the indenture or the rights of the holders of the securities of the series to be affected. No modifications may, without
the consent of the holder of each security affected, be made that, as to any non-consenting holders:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the percentage of securities whose holders need to consent
to the modification;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the rate or change the time of payment of interest on the
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the principal amount of or the premium, if any, on the
securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">change the fixed maturity of any of the securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the amount of, or postpone the date fixed for, the payment
of any sinking fund;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">reduce the principal amount payable upon acceleration of the
maturity of any securities issued originally at a discount;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">in the case of any subordinated debt security or coupons
appertaining thereto, make any change in the provisions of the indenture relating to subordination that adversely affects the rights of any holder
under such provisions;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">waive a default in the payment of the principal amount of, the
premium, if any, or any interest on the securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">change the currency in which any of the securities are
payable;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">impair the right to sue for the enforcement of any payment on or
after the maturity of the securities;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">release Omnicom Group Inc. from its obligations in respect of the
guarantee of any series of debt securities or modify Omnicom Group Inc.&#146;s obligations thereunder other than in accordance with the provisions of
the indenture; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">waive a redemption payment with respect to the
securities.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Events of Default</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that events
of default regarding any series of debt securities will be:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to pay required interest on any debt security of such
series for 30 days;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to pay principal, other than a scheduled installment
payment, or premium, if any, on any debt security of the series when due;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to make any required deposit of any sinking fund payment
when due;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">failure to perform for 60 days after notice any other covenant in
the applicable indenture (other than a covenant included in the applicable indenture solely for the benefit of a series of debt securities other than
such series);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(A) the Issuer&#146;s or Omnicom Group Inc.&#146;s failure to make
any payment by the end of any applicable grace period after maturity of their respective indebtedness, which term as used in this clause means
obligations (other than nonrecourse obligations) of the Issuer or Omnicom Group Inc., as applicable, for borrowed money or evidenced by bonds,
debentures, notes or similar instruments in an amount (taken together with amounts in (B)) in excess of $100 million and continuance of such failure,
or (B) the acceleration of their respective indebtedness in an amount (taken together with the amounts in (A)) in excess of $100 million because of a
default with respect to such indebtedness without such indebtedness having been discharged or such acceleration having been cured, waived, rescinded or
annulled in case of (A) or (B) above, for a period of 30 days after written notice to the Issuer and Omnicom Group Inc. by the trustee or to the
Issuer, Omnicom Group Inc. and the trustee by the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that
series; however, if any such failure or acceleration referred to in (A) or (B) above shall cease or be cured or be waived, rescinded or annulled in
accordance with the terms of the applicable indebtedness, then the event of default by reason thereof shall be deemed not to have occurred;</FONT></TD>
</TR>
</TABLE>
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<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Omnicom Group Inc.&#146;s guarantee applicable to the debt
securities of that series ceases to be in full force and effect or is declared null and void or Omnicom Group Inc. denies that it has any further
liability under its guarantee of such debt securities to the holders of debt securities of that series, or has given notice to such effect (other than
by reason of the release of such guarantee in accordance with the indenture), and such condition shall have continued for a period of 30 days after
written notice has been given to the Issuer and Omnicom Group Inc. by the trustee or to the Issuer, Omnicom Group Inc. and the trustee by the holders
of at least 25% in aggregate principal amount of the outstanding debt securities of that series;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">certain events of bankruptcy or insolvency, whether voluntary or
not; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other event of default described in the prospectus supplement
of such series of debt securities.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If an event of default (other than the
bankruptcy provision) regarding debt securities of any series issued under the indenture should occur and be continuing, either the trustee or the
holders of 25% in the principal amount of outstanding debt securities of such series may declare each debt security of that series due and payable. If
a bankruptcy event occurs, the principal of and accrued and unpaid interest on the debt securities of such series shall immediately become due and
payable without any declaration or other act on the part of the trustee or the holders of the debt securities of such series. The holders of a majority
in principal amount of debt securities of such series may rescind any other declaration or acceleration and its consequences if the rescission would
not conflict with any judgment or decree and if all existing events of default have been cured or waived (other than nonpayment of principal or
interest that has become due solely as a result of acceleration). The Issuer and Omnicom Group Inc. will be required to file annually with the trustee
a statement of an officer as to the fulfillment by the Issuer and Omnicom Group Inc. of their respective obligations under the applicable indenture
during the preceding year.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Holders of a majority in principal
amount of the outstanding debt securities of any series will be entitled to control certain actions of the trustee under the applicable indenture.
Holders of a majority in principal amount of the outstanding debt securities of any series also will be entitled to waive past defaults regarding the
series, except for a default in payment of principal, premium or interest or a default in a covenant or provision which may not be modified or amended
without the consent of each holder of a debt security of the affected series. The trustee generally may not be ordered or directed by any of the
holders of debt securities to take any action, unless one or more of the holders shall have offered to the trustee security or indemnity satisfactory
to it.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">If an event of default occurs and is
continuing regarding a series of debt securities, the trustee may use any sums that it holds under the applicable indenture for its own reasonable
compensation and expenses incurred prior to paying the holders of debt securities of such series.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Before any holder of any series of debt
securities may institute action for any remedy, except payment on the holder&#146;s debt security when due, the holders of not less than 25% in
principal amount of the debt securities of that series outstanding must request the trustee to take action. Holders must also offer and give the
trustee security and indemnity satisfactory to it against liabilities incurred by the trustee for taking such action.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Defeasance</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The indenture will provide that the
Issuer may specify with respect to any series of debt securities that after the Issuer or Omnicom Group Inc. has deposited with the trustee, cash or
government securities, in trust for the benefit of the holders sufficient to pay the principal of, premium, if any, and interest on and any mandatory
sinking fund payments in respect of the debt securities of such series when due, then the Issuer and Omnicom Group Inc.:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will be deemed to have paid and satisfied their obligations on all
outstanding debt securities of such series, which is known as &#147;defeasance and discharge&#148;; or</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">will cease to be under any obligation, other than to pay when due
the principal of, premium, if any, and interest on and any mandatory sinking fund payments in respect of such debt securities, relating to the debt
securities of such series, which is known as &#147;covenant defeasance.&#148;</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In each case, the Issuer or Omnicom
Group Inc. must also deliver to the trustee an opinion of counsel to the effect that the holders of the debt securities of such series will have no
United States federal income tax consequences as a result of such deposit.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">23<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">In addition, the indenture will provide
that if we choose to have the defeasance and discharge provision applied to the subordinated debt securities, the subordination provisions of the
indenture will become ineffective upon full defeasance of the subordinated debt securities.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">When there is a defeasance and
discharge, with limited exceptions, (1) the indenture will no longer govern the debt securities of such series, (2) neither the Issuer nor Omnicom
Group Inc. will be liable for payment, and (3) the holders of the debt securities will be entitled only to the deposited funds. When there is a
covenant defeasance, however, the Issuer will continue to be obligated to make payments when due if the deposited funds are not
sufficient.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Subordination</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Debt securities of a series, and any
guarantees, may be subordinated, which we refer to as subordinated debt securities, to senior indebtedness (as defined in the applicable prospectus
supplement) to the extent set forth in the prospectus supplement relating thereto.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Further Issues</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The Issuer may from time to time,
without notice to or the consent of the registered holders of a series of debt securities, create and issue further debt securities of any such series
ranking equally with the debt securities of the corresponding series in all respects (or in all respects other than the payment of interest accruing
prior to the issue date of such further debt securities or except for the first payment of interest following the issue date of such further debt
securities). Such further debt securities may be consolidated and form a single series with the debt securities of the corresponding series and have
the same terms as to status, redemption or otherwise as the debt securities of the corresponding series.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Concerning the Trustee</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The trustee may engage in transactions
with, or perform services for, the Issuer, Omnicom Group Inc. and affiliates of the Issuer and Omnicom Group Inc. in the ordinary course of business.
The trustee will perform only those duties that are specifically set forth in the indenture unless an event of default under the indenture occurs and
is continuing. In case an event of default occurs and is continuing, the trustee will exercise the same degree of care and skill as a prudent
individual would exercise in the conduct of his or her own affairs.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Applicable Law</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The debt securities, the guarantee of
the debt securities and the indenture will be governed by, and construed in accordance with, the laws of the State of New York.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro10"></A>DESCRIPTION OF OMNICOM GROUP INC.
SUBSCRIPTION RIGHTS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The following briefly summarizes the
material terms and provisions of the subscription rights that Omnicom Group Inc. may offer pursuant to this prospectus, other than pricing and related
terms which will be disclosed in a prospectus supplement. You should read the particular terms of the subscription rights that are offered by Omnicom
Group Inc., which will be described in more detail in a prospectus supplement. The prospectus supplement will also state whether any of the general
provisions summarized below do not apply to the subscription rights being offered.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>General</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Omnicom Group Inc. may issue
subscription rights to purchase common stock, preferred stock, or warrants to purchase preferred stock or common stock. Subscription rights may be
issued independently or together with any other offered security and may or may not be transferable by the person purchasing or receiving the
subscription rights. In connection with any subscription rights offering to our stockholders, we may enter into a standby underwriting arrangement with
one or more underwriters pursuant to which such underwriters will purchase any offered securities remaining unsubscribed for after such subscription
rights offering. In connection with a subscription rights offering to our stockholders, we will distribute certificates evidencing the subscription
rights and a prospectus supplement to our stockholders on the record date that we set for receiving subscription rights in such subscription rights
offering.</FONT></DIV></P>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">24<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The applicable prospectus supplement
will describe the following terms of subscription rights in respect of which this prospectus is being delivered:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the title of such subscription rights;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the securities for which such subscription rights are
exercisable;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the exercise price for such subscription rights;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the number of such subscription rights issued to each
stockholder;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the extent to which such subscription rights are
transferable;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if applicable, a discussion of the material United States federal
income tax considerations applicable to the issuance or exercise of such subscription rights;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the date on which the right to exercise such subscription rights
shall commence, and the date on which such rights shall expire (subject to any extension);</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the extent to which such subscription rights include an
over-subscription privilege with respect to unsubscribed securities;</FONT></TD>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if applicable, the material terms of any standby underwriting or
other purchase arrangement that we may enter into in connection with the subscription rights offering; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other terms of such subscription rights, including terms,
procedures and limitations relating to the exchange and exercise of such subscription rights.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Exercise of Subscription Rights</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Each subscription right will entitle the
holder of the subscription right to purchase for cash such amount of shares of preferred stock, common stock, warrants or any combination thereof, at
such exercise price as shall in each case be set forth in, or be determinable as set forth in, the prospectus supplement relating to the subscription
rights offered thereby. Subscription rights may be exercised at any time up to the close of business on the expiration date for such subscription
rights set forth in the prospectus supplement. After the close of business on the expiration date, all unexercised subscription rights will become
void.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Subscription rights may be exercised as
set forth in the prospectus supplement relating to the subscription rights offered thereby. Upon receipt of payment and the subscription rights
certificate properly completed and duly executed at the corporate trust office of the subscription rights agent or any other office indicated in the
prospectus supplement, we will forward, as soon as practicable, the shares of preferred stock or common stock, depositary shares or warrants
purchasable upon such exercise. We may determine to offer any unsubscribed offered securities directly to persons other than stockholders, to or
through agents, underwriters or dealers or through a combination of such methods, including pursuant to standby underwriting arrangements, as set forth
in the applicable prospectus supplement.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro11"></A>DESCRIPTION OF OMNICOM GROUP INC.
WARRANTS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The following briefly summarizes the
material terms and provisions of the warrants to purchase common stock or preferred stock that Omnicom Group Inc. may offer pursuant to this
prospectus, other than pricing and related terms which will be disclosed in a prospectus supplement.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">You should read the particular terms of
the warrants that are offered by Omnicom Group Inc., which will be described in more detail in a prospectus supplement. The prospectus supplement will
also state whether any of the general provisions summarized below do not apply to the warrants being offered. A copy of each form of warrant agreement,
including the form of certificate that will represent a particular warrant, will be filed as an exhibit to one of Omnicom Group Inc.&#146;s future SEC
reports and incorporated by reference in the registration statement to which this prospectus relates. You should read the more detailed provisions of
the specific warrant agreement and the warrant certificate for provisions that may be important to you.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="h1" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">25<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 28 -->
<!-- agabop mode="main" last-style="h1" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Warrants may be issued independently or
together with common stock, preferred stock or debt securities, as applicable, and will be separate from any such offered securities. Each series of
warrants will be issued under a separate warrant agreement to be entered into between Omnicom Group Inc. and a bank or trust company, as warrant agent.
A single bank or trust company may act as warrant agent for more than one series of warrants. The warrant agent will act solely as the agent of Omnicom
Group Inc. under the applicable warrant agreement and will not assume any obligation or relationship of agency or trust for or with any owners of such
warrants.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The applicable prospectus supplement
will describe the terms of common stock warrants or preferred stock warrants offered, the stock warrant agreement relating to the common stock warrants
or preferred stock warrants, and the common stock warrant certificates or the preferred stock warrant certificates representing the common stock
warrants or preferred stock warrants, as applicable, including the following:</FONT></DIV></P>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the title of the warrants;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the securities for which the warrants are exercisable;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the price or prices at which the warrants will be
issued;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the number of warrants issued with each share of common stock or
preferred stock;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any provisions for adjustment of the number or amount of shares of
common stock or preferred stock receivable upon exercise of the warrants or the exercise price of the warrants;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if applicable, the date on and after which the warrants and the
related common stock or preferred stock will be separately transferable;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the date on which the right to exercise the warrants shall
commence, and the date on which the right shall expire;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">the maximum or minimum number of warrants which may be exercised
at any time;</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">if applicable, a discussion of the material United States federal
income tax considerations applicable to the exercise of the warrants; and</FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" style="margin-top: 6pt">
<TR VALIGN="TOP">
     <TD WIDTH="33px" ALIGN="LEFT" nowrap><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" >&#149;</DIV></FONT></TD>
     <TD WIDTH="3px" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="98%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">any other terms of the warrants, including terms, procedures and
limitations relating to the exchange and exercise of the warrants.</FONT></TD>
</TR>
</TABLE>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="LEFT"><B>Exercise of Warrants</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Each warrant entitles the holder to
purchase for cash the principal amount of debt securities or shares of common stock or preferred stock at the exercise price set forth in the
prospectus supplement relating to the offered warrants.</FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The prospectus supplement for the
offered warrants will describe the procedures for exercising the warrants and will set forth the expiration date of the warrants. Upon exercise of the
warrants, Omnicom Group Inc. will forward the shares of common stock or preferred stock purchased. If less than all of the warrants represented by the
warrant certificate are exercised, a new warrant certificate will be issued for the remaining warrants. Warrants may be exercised at any time up to the
close of business on the expiration date set forth in the prospectus supplement for the offered warrants. After the close of business on the expiration
date, unexercised warrants will become void.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro12"></A>PLAN OF
DISTRIBUTION</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">We may sell the offered securities (a)
through agents; (b) through underwriters or dealers; (c) directly to one or more purchasers; or (d) through a combination of any of these methods of
sale. We will identify the specific plan of distribution, including any underwriters, dealers, agents or direct purchasers and their compensation in a
prospectus supplement.</FONT></DIV></P>
<!-- agabop mode="frill" last-style="h1" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">26<BR></FONT></DIV></P>
<DIV STYLE="border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<!-- END DIVISION: DIV_s3asr PAGE POSITION: 28 -->
<DIV STYLE="page-break-before: always"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width:
100%">&nbsp;</TD></TR></TABLE></DIV>
<BR>
<!-- BEGIN DIVISION: DIV_s3asr PAGE POSITION: 29 -->
<!-- agabop mode="main" last-style="h1" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro13"></A>VALIDITY OF
SECURITIES</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">Unless the applicable prospectus
supplement indicates otherwise, the validity of the securities in respect of which this prospectus is being delivered will be passed upon for us by
Jones Day, New York, New York, by Jones Day, London, England as to matters of English law, and for any underwriters or agents by counsel named in the
applicable prospectus supplement. Certain legal matters in connection with the securities and any offering of those securities will be passed upon for
us by our general counsel, Michael O&#146;Brien, Esq. Mr. O&#146;Brien is an officer of Omnicom Group Inc. and has received, and may in the future
receive, awards of restricted stock and other benefits determined by reference to Omnicom Group Inc. securities. Mr. O&#146;Brien beneficially owns or
has rights to acquire a total of less than 1% of Omnicom Group Inc.&#146;s outstanding common stock.</FONT></DIV></P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER"><B><A NAME="e8385_pro14"></A>EXPERTS</B></FONT></DIV></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV STYLE="TEXT-INDENT: 21px" ALIGN="LEFT">The consolidated
                                         financial statements and financial statement schedule II of Omnicom Group Inc. and subsidiaries
                                         as of December 31, 2019 and 2018, and for each of the years in the three-year period
                                         ended December 31, 2019, and management&#146;s assessment of the effectiveness of our
                                         internal control over financial reporting as of December 31, 2019, have been incorporated
                                         by reference herein in reliance upon the report of KPMG LLP, independent registered public
                                         accounting firm, incorporated by reference herein, and upon the authority of said firm
                                         as experts in accounting and auditing. The audit report covering the December 31, 2019
                                         consolidated financial statements refers to a change in the method of accounting for
                                         leases effective January 1, 2019 due to the adoption of Accounting Standards Codification
                                         Topic 842, <I>Leases</I>.</DIV>

<DIV ALIGN="LEFT" STYLE="text-indent: 21px">&nbsp;</DIV>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><DIV ALIGN="CENTER">27</FONT></DIV></FONT></P>
</P>
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<!-- BEGIN DIVISION: DIV_prospectus PAGE POSITION: 38 -->
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<P STYLE="text-align: center">&nbsp;</P>

<P STYLE="text-align: center">&nbsp;</P>

<P STYLE="text-align: center">&nbsp;</P>

<P STYLE="text-align: center">&nbsp;</P>

<P STYLE="text-align: center"><IMG SRC="omclogo.jpg"></P>

<P STYLE="text-align: center">&nbsp;</P>

<P STYLE="text-align: center">&nbsp;</P>

<P STYLE="text-align: center">&nbsp;</P>

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<P STYLE="text-align: center">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
