SCHEDULES

F1SCHEDULE 7D... Share schemes and share incentives

Part 1Schedule 2 share incentive plans

Disposal of rights under rights issue

8

(1)

Any gain accruing on the disposal of rights under paragraph 77 of Schedule 2 to ITEPA 2003 (power of trustees to raise funds to subscribe for rights issue) is not a chargeable gain.

(2)

Sub-paragraph (1) does not apply to a disposal of rights unless similar rights are conferred in respect of all ordinary shares in the company.