SCHEDULES

Valid from 10/07/2003

SCHEDULE 23 U.K. Corporation tax relief for employee share acquisition

Part 3 U.K. Grant of option

The company whose shares are acquired U.K.

12 U.K. The company whose shares are acquired in exercise of the option must be—

(a) the employing company; or

(b) a company that, at the time the option is granted, is a parent company in relation to the employing company; or

(c) a company that, at that time, is a member of a consortium that owns the employing company or a company within paragraph (b); or

(d) where, at that time, the employing company or a company within paragraph (b) is a member of a consortium that owns another company (C), a company that, at that time—

(i) is a member of the consortium or a parent company in relation to a member of the consortium, and

(ii) is also a member of the same commercial association of companies as C; or

(e) a qualifying successor company (see paragraph 13).