SCHEDULES

SCHEDULE 15 U.K. Oil activities: transferable tax history

PART 2 U.K. The total TTH amount

Consecutive accounting periods U.K.

11 (1) The total TTH amount may not include an amount representing the eligible ring fence profits for a particular accounting period (other than the reference accounting period) unless it also includes an amount representing the eligible ring fence profits for the next following qualifying accounting period. U.K.

(2) An accounting period is “qualifying” for the purposes of this Schedule if the seller has eligible ring fence profits for that period.