SCHEDULES

SCHEDULE 2 U.K.Transitionals and savings

Part 12 U.K.Manufactured payments and repos

Deemed manufactured payments: repos U.K.

114 (1) Section 602 does not apply if— U.K.

(a) the securities are UK shares or UK securities, and

(b) the agreement to sell them was entered into by the original owner before 1 May 1995.

(2) Section 602 does not apply if—

(a) the securities are overseas securities, and

(b) the agreement to sell them was entered into by the original owner before 6 November 1996.