THE SCHEDULEPENSION TRUST OF THE RAILWAYS PENSION SCHEME

Annual Reports

6C

The Trustee shall prepare annual reports in relation to the Scheme which shall contain:

(a)

a copy of the audited accounts;

(b)

a copy of the latest actuarial statement;

(c)

further information as required by the Disclosure Laws.

The annual reports shall be prepared within 7 months after the end of the year to which they relate. The Trustee shall provide a copy of parts of the annual report which relate to a particular Section to the Chairman of the Pensions Committee and each Designated Employer for that Section. The Trustee shall provide a Designated Employer or a Pensions Committee with a full copy of the annual report relating to the whole Scheme at any time if requested to do so by either of them.