SCHEDULES

SCHEDULE 4Abolition of share warrants to bearer

PART 1Arrangements for conversion and cancellation of existing share warrants

Second notice of right to surrender

4

(1)

A company must, before the end of the period of 8 months beginning with the commencement date, give further notice to the bearer of a share warrant of the company of—

(a)

the bearer's right of surrender,

(b)

the consequences of not having exercised the right of surrender before the end of the period of 7 months beginning with the commencement date (see paragraph 3), and

(c)

the matters referred to in paragraph 2(1)(c) and (d).

(2)

If a company fails to comply with this paragraph an offence is committed by every officer of the company who is in default.