Paragraph 178

(1)

Paragraph 27 (requirements about share options granted in exchange) is amended as follows.

(2)

In sub-paragraph (4)—

(a)

in paragraph (c) for “equal” substitute “ be substantially the same as ”, and

(b)

in paragraph (d) for “equal to” substitute “ substantially the same as ”.

(3)

After sub-paragraph (7) insert—

“(8)
For the purposes of this paragraph the market value of any shares is to be determined using a methodology agreed by Her Majesty's Revenue and Customs.”