Article 2 Amendments to Property Transfer Instrument

The Property Transfer Instrument is amended as follows.

In paragraph 2^f1 (interpretation: general) for the definition of “commercial loan” substitute—

““commercial loan” means—

(a)

a loan, including a mortgage loan, made or agreed to be made by or on behalf of Dunfermline and which at the transfer time is designated in Dunfermline’s books and records with one of the reference numbers set out in the Schedule;

(b)

the loans acquired by Dunfermline on 15th April 2004 from DB UK Bank Limited (company registered number 00315841) and Morgan Grenfell (Local Authority Finance) Limited (company registered number 01672903) and identified in Dunfermline’s books and records as “Dortmund” loans;”.

In paragraph 2 omit the definition of “commercial mortgage loan”.

In paragraph 3(3)(e) omit “or commercial mortgage loans” and omit “and commercial mortgage loans” (in both places where it occurs).

At the end insert the Schedule set out in the Schedule to this Order.