Paragraph 2 Interpretation

In this Scheme—

• “assessment notice” has the meaning given by paragraph 11;

• “Northern Rock” means Northern Rock plc, company registered number 3273685;

• “revised assessment notice” has the meaning given by paragraph 12;

• “shares in Northern Rock” means the ordinary shares, foundation shares and preference shares issued by Northern Rock;

• “the Act” means the Banking (Special Provisions) Act 2008;

• “the Transfer Order” means the Northern Rock plc Transfer Order 2008^f1;

• “the transfer time” means the beginning of 22nd February 2008;

• “the Tribunal” means the Financial Services and Markets Tribunal;

• “valuer” means the independent valuer appointed by the Treasury in accordance with paragraph 7.