ANNEXES

ANNEX III U.K. ADVANTAGES WHICH MAY BE CONFERRED ON JOINT UNDERTAKINGS UNDER ARTICLE 48 OF THIS TREATY

1.

(a)

Recognition that public interest status in conformity with the national laws applies to the acquisition of immovable property required for the establishment of Joint Undertakings.

(b)

Application of national procedure for compulsory acquisition on the grounds of public interest, so that such acquisition may be effected where amicable agreement has not been reached.

2. The right to be granted licences, either through arbitration or under compulsory powers as provided in Articles 17 to 23. U.K.

3. Exemption from all duties and charges when Joint Undertakings are established and from all duties on assets contributed. U.K.

4. Exemption from all duties and charges levied upon acquisition of immovable property and from all registration and recording charges. U.K.

5. Exemption from all direct taxes to which Joint Undertakings, their property, assets and revenue might otherwise be liable. U.K.

6. Exemption from all customs duties and charges having equivalent effect and from all prohibitions and restrictions on imports or exports, whether of an economic or of a fiscal nature, with regard to: U.K.

(a)

scientific and technical equipment, excluding building materials and equipment for administrative purposes;

(b)

substances which have been or are to be processed in the Joint Undertaking.

7. Exchange arrangements provided for in Article 182(6). U.K.

8. Exemption from restrictions on entry and residence for nationals of Member States employed by Joint Undertakings and for their spouses and dependent members of their families. U.K.