Paragraph 9

In Liability items 8 and 9 of Part I above and 9 and 10 of Part II above all deferred shares shall be included as such (and not as shares) and for the purposes of this paragraph shares (of whatever nominal value) to which Article 3 of the Building Societies (Designated Capital Resources) Order 1986^f1 (shares issued as deferred shares under previous legislation) applies shall be treated as deferred shares.