SCHEDULE 1RELEVANT TRANSACTIONS FOR PENSION PROTECTION

Article 2(1).

1

The contract made between London Underground Ltd, Seeboard Powerlink Ltd and Power Asset Development Company Ltd on 13th August 1998.

2

The contract made between London Regional Transport and Transaction Systems Ltd on 13th August 1998.

3

The contract made between London Underground Ltd and Citylink Telecommunications Ltd on 19th November 1999.

4

The transfer by London Underground Ltd to a private sector company of shares in—

a

Infraco JNP Limited,

b

Infraco BCV Limited, or

c

Infraco Sub-Surface Limited.

5

1

Any contract made during the initial period for the provision of any of the following services to London Underground Ltd, being a contract which transfers rights and liabilities under a contract of employment.

2

The services are—

a

services required in connection with the development and management of commercial property;

b

services required in connection with automated retail vending;

c

the gathering, processing or dissemination of information required in connection with engineering or other projects.

3

In this paragraph “the initial period” means the period beginning with the date on which this Order is made and ending with 31st March 2002.