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SCHEDULE 11E+WRELIEF FOR ALTERNATIVE FINANCE INVESTMENT BONDS

PART 3 E+WCONDITIONS FOR OPERATION OF RELIEFS ETC.

Prospective

Condition 1E+W

6Condition 1 is that one person (““A””) and another (““B””) enter into arrangements under which—E+W

(a)A transfers to B a qualifying interest in land (““the first transaction””), and

(b)A and B agree that when the interest ceases to be held by B as mentioned in paragraph 7(b), B will transfer the interest to A.