SCHEDULEThe Bradford & Bingley plc Compensation Scheme

PART 4Assessment of compensation by valuer

Assessment notice10

1

Where the valuer has assessed the amount of any compensation payable by the Treasury—

a

to any person; or

b

in respect of a class or description of shares or rights,

the valuer shall issue an assessment notice.

2

An assessment notice shall contain the following information—

a

the date on which the notice is issued;

b

the amount of any compensation determined by the valuer as being payable; and

c

the reasons for the valuer’s decision.

3

The valuer shall send a copy of the assessment notice to the Treasury.