SCHEDULEThe Bradford & Bingley plc Compensation Scheme

PART 4Assessment of compensation by valuer

Payment of compensation13

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.