SCHEDULE 1DEPOSIT PROTECTION BOARD'S VOTING RIGHTS

Rule 4.078(7)

1

This Schedule applies as does Rule 4.078.

2

In relation to any meeting at which the Deposit Protection Board is under Rule 4.078 entitled to be represented, the Board may submit in the liquidation, instead of a proof, a written statement of voting rights (“the statement”).

3

The statement shall contain details of—

a

the names of creditors of the company in respect of whom an obligation of the Board has arisen or may reasonably be expected to arise as a result of the liquidation or proposed liquidation;

b

the amount of the obligation so arising; and

c

the total amount of all such obligations specified in the statement.

4

The Board's statement shall, for the purpose of voting at a meeting (but for no other purpose), be treated in all respects as if it were a proof.

5

Any voting rights which a creditor might otherwise exercise at a meeting in respect of a claim against the company are reduced by a sum equal to the amount of that claim in relation to which the Board, by virtue of its having submitted a statement, is entitled to exercise voting rights at that meeting.

6

The Board may from time to time submit a further statement, and, if it does so, that statement supersedes any statement previously submitted.