This Order may be cited as the Northern Rock plc Transfer Order 2008.

This Order comes into force on 22nd February 2008.

In this Order—

• “the Act” means the Banking (Special Provisions) Act 2008;

• “the 1985 Act” means the Companies Act 19854;

• “the 2006 Act” means the Companies Act 20065;

• “the Authority” means the Financial Services Authority;

• “the effective time” means the beginning of 22nd February 2008;

• “Northern Rock” means Northern Rock plc, company registered number 3273685;

• “Northern Rock’s registrar” means the person appointed by Northern Rock, as its agent, among other things to maintain its register of members;

• “relevant undertaking” means Northern Rock or any of its group undertakings;

• “shares in Northern Rock” means the ordinary shares, foundation shares and preference shares issued by Northern Rock;

• “the transfer” means the transfer effected by article 2(1);

• “the Treasury Solicitor” has the same meaning as in the Treasury Solicitor Act 18766 and whose address is One Kemble Street, London WC2B 4TS;

• “the USRs” means the Uncertificated Securities Regulations 20017.