SCHEDULE 1LIMITS ON INVESTMENTS

PART I

10% limit

4

All deposits with a person specified in paragraph 12 or 13 of Schedule 2 to the Banking Act 1987 and all loans (but see paragraph 12).

5

All investments in unlisted securities of companies.

6

Any single holding (but see paragraphs 13 and 14).

7

All deposits with any single bank, institution or person (other than the National Savings Bank).