Explanatory note

This Order substitutes a new form for the Talisman Sold Transfer form set out in Schedule I to the Stock Transfer Act 1963. The previous form made provision for the transfer of securities to a nominee of the Stock Exchange only by a member of the Stock Exchange. The form substituted by this Order provides for such a transfer by non-members (article 2).

The Order also provides for the continuing use of the previous form (article 3) and provides, as was done for the previous form, that neither particulars of the consideration nor the address of the transferee need to be inserted in the form (article 4).