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SCHEDULEThe Bradford & Bingley plc Compensation Scheme

PART 4Assessment of compensation by valuer

Payment of compensation

13.—(1) The Treasury shall pay the amount of any compensation determined by the valuer to be payable—

(a)to any person; or

(b)in respect of a class or description of shares or rights.

(2) The Treasury shall not be required to make a payment in accordance with sub-paragraph (1) until—

(a)they have received a copy of the assessment notice or revised assessment notice, as the case may be; or

(b)if there is a reference to the Tribunal, the matter has been finally disposed of.