SCHEDULE The Bradford & Bingley plc Compensation Scheme

PART 1 General provisions

1 Citation
This Scheme may be cited as the Bradford & Bingley plc Compensation Scheme.

2 Interpretation
In this Scheme—
“the Act” means the Banking (Special Provisions) Act 2008;
“assessment notice” means a notice issued under paragraph 10;
“Bradford & Bingley” means Bradford & Bingley plc, company registered number 3938288;
“revised assessment notice” means a notice issued under paragraph 11;
“shares in Bradford & Bingley” means the ordinary shares issued by Bradford &Bingley;
“the Transfer Order” means the Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008;
“the transfer time” means 8.00 a.m. on 29th September 2008;
“the Tribunal” means the Financial Services and Markets Tribunal;
“valuer” means the independent valuer appointed by the Treasury in accordance with paragraph 6.
SI 2008/2546.