Modern Merchant Banking - closetreasury.co.uk checklist Please forward the following documents with...

Business Notice Account (BNA) Issue 6Summary BoxThis application form cover sheet provides you with two product summary boxes for the terms currently available on this product.Please review both the Business Notice Account rate (Managed¹ rate) and the Fixed² rate paid on funds placed on notice. For thefull terms and conditions of the Business Notice Account, please read pages 1 and 2 (guidance notes) of the product application form.

Account name Business Notice AccountWhat is the interest rate? Please refer to the cash illustrations, shown below.

Note, interest is paid into the Business Notice Account semi-annually on1 January and 1 July.

Can Close Brothers Treasury change the Yes, the Business Notice Account rate (Managed¹ rate) can be changed at anyinterest rate? time, however, we must give you at least 1 month's written notice of any reduction

in rate. The Fixed² rate for funds placed on notice is the prevailing deposit rate fora fixed term period (a period which is equal to the applicable Business NoticeAccount notice period). Fixed rates are reviewed on a weekly basis.

What would the estimated balance be after Please refer to the cash illustrations, shown below.12 months based on £1,000 deposit? To comply with regulations issued by the Financial Conduct Authority we are

required to show a cash illustration based on £1,000 deposit. This is for illustrationpurposes only; the minimum deposit on this product is £50,000.

How do I open and manage my deposit? You can only apply for this product via postal application. To manage your deposit,you can contact us by post, telephone or email. Minimum deposit of £50,000 mustbe maintained at all times, maximum of £5 million per 6 month term and £10 millionper 12 month term applies.

Can I withdraw money? Yes, you may place a notice instruction to withdraw funds at any time, in writing orover the telephone. Your funds will then be repaid following completion of theproduct notice period. The minimum sum that can be placed on notice is £10,000.You may place additional funds, ensuring the balance does not exceed the account'sapplicable maximum balance.

Cash illustration - Business Notice Account Cash illustration - Business Notice Account(Managed rate¹) (Fixed rate²)

Product name: BNA Product name: BNAExample amount: £1,000.00 Example amount: £1,000.00Term: 6 Months Term: 6 MonthsInterest rate (AER*): 1.10% Interest rate (Gross PA**): 0.90%Estimated balance after 12 months: £1,011.00 Estimated balance after 12 months: £1,009.00

Cash illustration - Business Notice Account Cash illustration - Business Notice Account(Managed rate¹) (Fixed rate²)

Product name: BNA Product name: BNAExample amount: £1,000.00 Example amount: £1,000.00Term: 12 Months Term: 12 MonthsInterest rate (AER*): 1.61% Interest rate (Gross PA**): 1.20%Estimated balance after 12 months: £1,016.10 Estimated balance after 12 months: £1,012.00

Modern Merchant Banking

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Continued overleaf

Continue overleaf for the product application form

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Please carefully read the information on pages 1 and 2, then complete the details requested on pages 3, 4, 5, 6 and 7 in pen using block capitalsbefore signing the Acknowledgement and Confirmation. Please send your com leted p application form, together with any documentation that we have requested (see Documentation checklist on page 5), to Close Brothers Limited at our above address.

maet pihsnoitaleR ssenisuB r uo llac ro reganaM pihsnoitaleR lacol ruoy tcatnoc esaelp ,noitacilppa ruoy tuoba snoitseuq yna evah uoy fIon 020 3857 3060 (opening hours: Monday to Friday, 9am - 5pm).Important information The Customer Agreement and Additional Conditions form the standard client agreement upon which we intend to rely. A copy of the Customer Agreement is provided with this application form or can be found on our website (www.closetreasury.co.uk). For your benefit and protection you should read the Customer Agreement and Additional Conditions carefully before agreeing to them by signing and returning this application form to us. If you do not understand any point please ask for further information. Copies of the Customer Agreement are also available upon request by telephoning 020 3857 3060 (opening hours: Monday to Friday, 9am - 5pm).

eht tceles uoy ,elpmaxe rof ,fi taht snaem sihT .doirep eciton htnom 21 ro 6 a rehtie htiw dereffo si)’tnuocc ecitoNssenisuB eht(tnuocca ehTBusiness Notice Account with a 6 month notice period, you will have to give 6 months notice to access any of the funds from that BusinessNotice Account.

‘ A

De era )SASS /PPIS( stisoped noisnep dna laudividni ,stsurt not eligible for the Business Notice Account. This is a limited offer, subject to availability

and may be withdrawn at any time. We may refuse a deposit or decline to open an account.

posits can be made by UK registered companies, UK institutions and UK registered charities. Local authorities, non credit financial institutions,

Please complete this form in BLOCK CAPITALS and then return to Close Brothers Limited, 4th Floor, 10 Crown Place, London, EC2A 4FT. Please retain pages 1 and 2 for your information. All fields are mandatory, unless stated otherwise. We may have to return incomplete or incorrectly filled forms which may delay the processing of your application.

For your application to be considered, we must receive your fully completed application form together with your initial deposit by cheque,CHAPS, BACS or Faster Payment. If your deposit is subsequently returned to us unpaid, your application will be rejected. You may use this application form to apply for either a 6 or 12 month Business Notice Account or both.

Application form and guidance notesBusiness Notice Account (BNA) Issue 6

Applying for your Business Notice Account

Business Notice Account acceptance criteria

Business Notice Account Additional Conditions


1. The minimum balance required to open a Business Notice Account is £50,000. This balance must be maintained at all times.2. The maximum balance allowed at any time is £5 million per 6 month Business Notice Account and £10 million per 12 month Business Notice Account. 3. The initial deposit must be paid by a single cheque, BACS, CHAPS or Faster Payment drawn on your nominated bank account, subject tothe nominated bank account requirements on page 2, or can be transferred from an existing Close Brothers account subject to the account’s terms and conditions and the bank’s absolute discretion.4. Subsequent deposits can be made by cheque, BACS, CHAPS or Faster Payment from any UK bank account held in the applicant’s name,subject to the nominated bank account requirements detailed on page 2.

6. All repayments will be made to your nominated bank account by electronic transfer as set out in the Terms & Conditions (CustomerAgreement). There is a minimum repayment amount of £10,000. Alternatively, funds may be transferred internally to another account held at Close Brothers Limited.Giving notice on the Business Notice Account:

8. Notice to close a specific Business Notice Account and withdrawal funds will be treated as notice that you no longer require the accountand any funds held will be returned to you at the end of the notice period and the account will no longer be available to you.9. Notice can be given by written, signed instruction sent to the Customer and Business Services department at the above address or by telephoneto our Business Relationship team on 020 3857 3060. Notice cannot be given by email or fax. No early access is permitted.

11. The sum that is transferred out of the Business Notice Account and placed on a fixed term deposit will, on maturity (at the end of the fixedterm time period), be automatically repaid to your nominated bank account, including all interest accrued on this sum.

All deposits placed with Close Brothers Treasury are subject to the Customer Agreement (as may be varied) and to these Additional Conditions. If there is any conflict between the Customer Agreement and these Additional Conditions, these Additional Conditions will apply. The Customer Agreement (together with these Additional Conditions) is the standard client agreement upon which we intend to rely.

5. Interest is calculated on a daily basis from the day that funds clear and is paid into the Business Notice Account semi-annually on 1 Januaryand 1 July. If accrued interest in your Business Notice Account results in your balance exceeding the account’s maximum balance (as stated in additional condition 2), excess funds will be returned to your nominated bank account. An account statement will be sent to your correspondence address monthly.

7. When a notice instruction that tells us that you would like to withdraw funds from the Business Notice Account is received, therelevant sum will be transferred out of the Business Notice Account and placed on a fixed term deposit account at the prevailing deposit rate for a fixed term time period (a period which is equal to the Business Notice Account notice period). The remaining balance will continue to receive interest at the Business Notice Account rate, providing the balance remains at, or above, £50,000.

12. To keep the Business Notice Account open, a minimum balance of £50,000 must be maintained at all times. If the balance fallsbelow £50,000, the entire Business Notice Account balance will be transferred onto a fixed term deposit for the relevant period equal to the applicable Business Notice Account term. At the end of the notice period, the balance will be paid in full to the nominated bank account. Future deposits will require the completion of a new Business Notice Account application form and will be subject to the prevailing terms and conditions and interest rates offered on the account at that time. These terms and rates may differ from the issue number of the Business Notice Account previously held and a new account number will be allocated.

10. Notice cannot be rescinded once given.

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fro mtseretni ro/dnalapicnirp fo stnemyaper ekam lliw ew hcihw ot tnuocca eht si stnemyaper rof etanimon uoy tnuocca eht taht eton esaelPyour deposit. Your nominated bank account and the account(s) frommust be from a UK bank account held in the applicant’s name.

which you make subsequent payments into the Business Notice Account

For verification purposes, please enclose a photocopy of a recent bank statement dated within the last 3 months for your nominated accountwith the account holder’s name, account number and sort code clearly visible or, alternatively a paying in slip or cheque marked ‘void’.

Please be advised that any original documents may be retained for our records.

Any changes to the nominated account must be received by us in writing and must be signed in accordance with the attached Mandate, at least 10 days prior to any repayments being made by us. Your request must be accompanied by a photocopy of a recent bank statement confirming the amended repayment details.

We make every effort to process all applications as soon as we receive them, but in the event of high demand for a particular product, it can take longer than usual to process applications. Interest is payable upon receipt of cleared funds, which in the case of electronic transfers is the value date our account is credited. Please be advised the account(s) may take up to 5 working days to open provided there are no errors or omissionson your application. If you elect to invest by cheque, kindly note it will not be banked by us until our account opening procedures are completedwhich as mentioned above, may take up to 5 working days. However, once the account is opened and we are in receipt of cleared funds, we willcalculate interest from 2 working days after the day we bank your cheque. If your application is rejected, funds will be returned to you within 5 workingdays.

About Close Brothers Limited

Proof of identity and address

Your nominated bank account requirements

Processing of applications

Interest rates payable for funds on notice

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (‘CBL’), a subsidiary of Close Brothers Group plc. CBL isregistered in England and Wales with company number 195626 and registered office at 10 Crown Place, London EC2A 4FT. Close Brothers Limited isauthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, firm reference number 124750.

Under the current money laundering regulations, in common with other banks, we are required to verify your identity. To do this, we use the services of electronic data registers, including credit reference agencies. If we are not able to verify your identity by this method, we reserve the right to ask you to provideus with suitable documents to confirm your identity. If, as part of this application, you provide us with information about another person, you are also confirming that you have told them about this application, and that we will also need to verify their identity.

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can paycompensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositors’ accounts with the bank, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please call our Business Relationship team on 020 3857 3060, refer to the FSCS website www.fscs.org.uk or call 020 7741 4100 or 0800 678 1100.

Please note only compensation related queries should be directed to the FSCS.

Financial Services Compensation Scheme (FSCS)

Term account:

Managed rate 1

1

2

2

3

Fixed rate

Interest rate paid on notice account on balances from £50,000 and above:

6 Month Notice account 1.10%

1.60%

1.10%

1.61%

1 02. %

AERGross PA Gross PA

%

(for illustration purposes only)

(for illustration purposes only)

12 Month Notice account

Indicative rate paid on funds on notice - Fixed rate (minimum sum £10,000).

When a notice instruction that tells us that you would like to withdraw funds from the Business Notice Account is received, the relevant sum will be transferred out of the Business Notice Account and placed on a fixed term deposit account at the prevailing deposit rate for a fixed term time period (a period which is equal to the Business Notice Account notice period). The remainingbalance will continue to receive interest at the Business Notice Account rate, providing the balance remains at, or above, £50,000.Minimum balance for the Business Notice Account is £50,000, which must be maintained at all times.

Managed rate refers to a rate that we can change at any time. Such changes may be made without notice if the change is favourable to you.

The interest rate is fixed for the term of the account. 3

33

The

AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and added each year.

gross rate of interest is the rate payable before deduction of tax at the rate agreed by law.

No early access is permitted.

4

4

0.90

However, we must give you at least 1 month’s written notice of any reduction in rate. See our Terms and Conditions.

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*These rates are indicative rates and are paid on balances from £50,000 and above. The minimum balance for the Business Notice Account is £50,000, which must bemaintained at all times. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and added each year.

Application formBusiness Notice Account (BNA) Issue 6

Notice account acceptance criteria

Section 1. About your business

Section 2. Business contact details

Section 3. Account requirements and method of payment

Section 4. Nominated UK bank account for repayments

Please complete this form in BLOCK CAPITALS and then return to Close Brothers Limited, 4th Floor, 10 Crown Place, London, EC2A 4FT..detats esiwrehto sselnu ,yrotadnam era sdleif llA

Name of Company (Account holder name) Registered number

Existing customer number Nature of business

Primary business contact details

FAO Contact number

The personal details of all officials authorised to give instructions must be provided on the attached Mandate form (pages 6 and 7).

Correspondence address (all statements will be sent to this address)

Postcode

Please give the reason for opening the account(s):

Please indicate the type of account(s)required:

Deposit amount(minimum £50,000)

Currency

6 Month Notice account (1.10% AER*)

12 Month Notice account (1.61% AER*)

Existing internal transfer from accountnumber

(please state):

• BACS/CHAPS electronic transfers should be made to Sort code 16-04-00, quoting ‘Account number 20009464’, and referencing

I/We understand and confirm that the terms of the Business Notice Account state that any sum on which notice has been served will transfer to a fixed term fixed rate account earning a lower rate than that paid on the Business Notice Account.

‘Account holder name’. Please send funds so they are available when we process your application. We require both completedapplication and cleared funds in order to open the account.

• Cheques should be made payable to Close Brothers Limited ‘Account holder name’ e.g. if the account was to be opened in the nameof Company ‘X’ Ltd, the cheque should be made payable to Close Brothers Limited a/c ‘re: Company ‘X’ Ltd’.

Nominated UK bank account

All requested repayments will only be sent to your nominated bank account which must be held in the 'Account holder name'.

Bank name & address

Sort code Account number

Name of Authorised Official: Signature of Authorised Official:


Sterling

Sterling

I/We confirm that the initial deposit will be sent to you by:

Cheque CHAPS BACS Faster payment

SECTION 5. FINANCIAL INFORMATION

Title Forename(s) Surname

Date of birth Current residential address (including Postcode)

Nationality

Residency

% Shareholding

Please complete this section with details of any stakeholders with an interest in the company of 25% or more.

Section 5. Financial information

Section 6. Principal stakeholders

ChequeCheque



What is your expected average monthly balance for your account(s)?

£100,001 - £250,000

£250,001 - £500,000

£500,001 - £1,000,000

£1,000,001 - £5,000,000

£50,000 - £100,000



What is your expected number of payments into your account(s) on a monthly basis?

0 - 5 Greater than 5

Current principal shareholders



Nationality

Residency

% Shareholding



Nationality

Residency

% Shareholding



Nationality

Residency

% Shareholding

Page 4 of 7

The information below is provided on a voluntary basis but will help us to better understand your business needs.

less than 250 250 or more

less than £35 million

more than £35 million

less than £40 million

more than £40 million

• The average number of employees during the current financial year is:

• The total balance sheet is: • The annual net turnover is:

Pl

If you exceed your expected monthly balance range, we may contact you for further information.

ease describe how the funds for your initial deposit were acquired (e.g. sale of asset)

£5,000,001 - £10,000,000

BNA Issue 6 - 0218 Page 5 of 7

Section 8. How we use your information

For office use only

Marketing Customer administration

Source CAD checked Customer number

Account officer Industry codes CAD approved

Market officer Initial deposit from nominated account Yes No Treasury back office

Class Tax to be deducted Yes No CAD input by

Customer group Documents complete Yes No TBO checked

Section 7. Documentation checklistPlease forward the following documents with your completed application form

A copy of a bank statement, paying in slip or voided cheque, dated within the last 3 months, confirming your nominated account forrepayments as detailed in Section(s) 4. A completed Mandate form as attached.

CBT

Please note that Close Brothers Limited will hold and use your personal information for the purposes of providing our services to you and for other purposes connected with our relationship with you, and we may share your personal information with others, including credit reference agencies and fraud prevention agencies, for certain purposes. Please see condition 11 of the Customer Agreement ("How we use your information"), which describes the information we will be using and sharing, who we may share it with and the purposes that we and they will use it for. We may also use your personal information and share it

fo eb yam kniht yeht ro ew taht secivres ro stcudorp tuoba noitamrofni uoy dnes ot meht dna su rof puorG srehtorB esolC nihtiw seinapmoc rehto htiwinterest to you. By signing this application form you agree to this.

Section 9. Acknowledgement and confirmationWe accept the Customer Agreement and any additional conditionsWe apply to open the account(s) as indicated on this application form.

(as previously notified to us), or any other marketing material previously sent to us and confirm that themcontained in this application forrehtegot ,yrartnoceht ot gnitirwnisumorf ecitonevieceruoy sa emit hcuslitnuecrof niniamerlliwdnatcerrocerasu ybnevigsliated

with any necessary revised documentation required by you and have acknowledged the term and Section 3 by signature of anauthorised official.

For and on behalf of the Account holder 1st Authorised Official signature (Must be signed by an Authorised Official detailed on the Mandate)

For and on behalf of the Account holder 2nd Authorised Official signature(Must be signed by an Authorised Official detailed on the Mandate)

Print name

Date Date

Print name

Title Title

If you do not want to receive marketing information from Close Brothers Limited in this context, please tick here:If you do not want to receive marketing information from other companies in our group in this context, please tick here:

You may contact us at any time to ask us not to use your information in this way.

From time to time we would like to offer you products and services that we believe may be of interest or benefit to you and are offered by companies outside of Close Brothers Group. We will not disclose your details to third parties, unless you specifically opt-in to this type of mailing.To opt in, please tick here:You may contact us at any time to ask us not to use your information in this way by writing to us either by email at [email protected] or bypost at Business Relationship Team, Close Brothers Treasury, 4th Floor, 10 Crown Place, London EC2A 4FT.

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (‘CBL’), a subsidiary of Close Brothers Group plc. CBL is registered in England and Wales with company number 195626 and registered office at 10 Crown Place, London EC2A 4FT. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 124750. CBL is a member of the Financial Services Compensation Scheme (‘FSCS’) which protects up to £85,000 of an eligible depositor’s funds held with CBL. The FSCS limit relates to the total funds held by a depositor with CBL, including their share of any joint account and not to each separate account.

Financial Services Compensation Scheme (‘FSCS’) Information Sheet and Exclusions List (mandatory)

I confirm receipt of the enclosed FSCS Information Sheet and Exclusions List.

Name of Authorised Official:

Signature of Authorised Official:

PIease note, we cannot accept your deposit without receipt of this signed acknowledgement.

jonathan.pang

Typewritten Text

[Blank page]

Continued overleaf

Corporate account mandate follows

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Account name: (‘the Company’)We request that Close Brothers Limited trading as Close Brothers Treasury (’the Bank’) opens/continues to operate accounts in the Company’s name

In connection with all accounts operated in the name of the Company from time to time, we set out below the names, specimen signatures and other personalinformation of the persons authorised to give instructions, and include overleaf an extract from the board minutes of the Company approving the appointment ofsuch persons as Authorised Officials.

Use of Authorised Officials' personal data Under the current money laundering regulations, in common with other banks, we are required to verify the identity and address of the Authorised Officials.To do this we may use the services of electronic data registers including but not limited to, credit reference agencies. We may also ask you to provide us with documents to confirm the steps taken by your organisation to appoint you to a position of authority. By signing below, each Authorised Official agrees that we may use their personal data in this way. Information may be shared across the Close Brothers Group of companies in order to effectivelyadminister your accounts.

Authorised Officials

Name Position held Home telephone number Mobile telephone number Work telephone number

Email address

Residential address Postcode

Signature

Date of birth

Corporate account mandate

Email address

Email address

Email address



Signature

Date of birth



Signature

Date of birth



Signature

Date of birth

as detailed above and may open such further account(s) as we may request from time to time.


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The Directors considered the

A copy of the minutes is not required but may be requested in the event of a dispute.

documents which Close Brothers Limited has provided and agrees that:Close Brothers Limited Customer Agreement Terms and Conditions (The ‘Customer Agreement’) and other

1. The Companya. appoints the Bank as one of the Company's bankers; orb. cancel the Company's existing mandate(s) to the Bank (with the exception of any instructions given by the Company prior

to receipt of this mandate) and replace it / them with the attached.2. The Company accept the terms of the Customer Agreement and confirm such acceptance to the Bank by completing the Bank’s

Mandate form and the account application form(s) which Close Brothers Limited has provided.3. The Company authorise any person named in this mandate in the section headed ‘Authorised Officials’ (an ‘Authorised Official’)

individually to give instructions relating to the operation of the Company's accounts, in accordance with the security proceduresset out in the Customer Agreement.

The Directors noted that the Bank is entitled to act on all instructions given by an Authorised Official in accordance with the Bank’ssecurity procedures until the Company notifies the Bank that the Authorised Official is no longer authorised to act for it.

Account name Board minute

At the meeting of the Board of Directors of Ltd/Plc/LLP (delete as applicable)

Company registration number ( ‘the Company’ ) held on

.laiciffO desirohtuA na yb dengis eb tsum dna gnitirw ni knaB eht ot dedivorp eb ylno nac atad citats remotsuc dnema ot snoitcurtsnIFax, desirohtuAby ekam stnemyap no na tnuocca nac eb dedivorp I .detpecca t snoitcurtsn o lliw ton eb stseuqer enohpelet ro liameOfficials in any way permitted by the Customer Agreement.

It is the responsibility of the Company to advise the Bank of any changes to your Authorised Officials. The Authorised Officials willremain in place until such time as you update us and confirm the removal, or addition of Authorised Officials. Any amendments to Authorised Officials must be made by providing the Bank with an updated Account Mandate form.

We certify the above to be a true extract from the Minutes and that the specimen signatures recorded on this Mandate are correct.

Two signatures must be provided on behalf of the Company.

For and on behalf of the Company Director/Company Secretary(Must be signed by an Authorised Official detailed on the Mandate)

For and on behalf of the CompanyDirector/Company Secretary(Must be signed by an Authorised Official detailed on the Mandate)

Print name Print name

Date Date

Title (delete as appropriate) Title (delete as appropriate) Director / Company Secretary Director / Company Secretary

Corporate account mandate

Use of personal data provided by the Company

Under the current money laundering regulations, in common with other banks, we are required to verify the identity and address of the authorised officials, directors and principal shareholders. We may use the services of electronic data registers, including, but not limited to, credit reference agencies. We may also ask you to provide us with documents to confirm identity and addresses of Authorised Officials. If, as part of your appointment of Close Brothers Treasury as your bankers, you provide us with information about another person, you are also confirming that you have told them about this Account Mandate, that they agree to the use of their personal data in this manner and that w emay contact those officials and verify their identity and address. The Bank reserves the right to refuse individuals to be Authorised Officialson any account operated by you. Information may be shared across the Close Brothers Group of companies in order to effectively administeryour accounts.

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (’CBL’), a subsidiary of Close Brothers Group plc. CBL is registered in England and Wales with company number 195626 and registered office at 10 Crown Place, London EC2A 4FT. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 124750. CBL is a member of the Financial Services Compensation Scheme (‘FSCS’) which protects up to £85,000 of an eligible depositor’s funds held with CBL. The FSCS limit relates to the total funds held by a depositor with CBL, including their share of any joint account and not to each separate account.

Customer copy

(please retain)

Page 1 of 2

Continue overleaf

Information Sheet and Exclusions List

General limit of protection2

Scheme responsible for the protection of your deposit

Additional information1

Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. If insolvency of your bank, building society or credit union should occur, your eligible deposits would be repaid up to £85,000 by the Deposit Guarantee Scheme.

Basic information about the protection of your eligible deposits

3

4

Eligible deposits in Close Brothers Limited are protected by:

Limit of protection:

If you have more eligible deposits at the same bank / building society / credit union:

If you have a joint account with other person(s):

Reimbursement period in case of bank, building society or credit union’s failure:

Currency of reimbursement:

To contact Close Brothers Limited for enquiries relating to your account:

To contact the FSCS for further information on compensation:

More information:

the Financial Services Compensation Scheme (“FSCS”)

£85,000 per depositor per bank / building society / credit union

The following trading names are part of your bank / building society / credit union:

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (‘CBL’), a subsidiary of Close Brothers Group plc.

All your eligible deposits at the same bank / building society / credit union are “aggregated” and the total is subject to the limit of £85,000.

The limit of £85,000 applies to each depositor separately.

20 working days

Pound sterling (GBP, £) or, for branches of UK banks operating in other EEA Member States, the currency of that State.

Close Brothers Limited4th Floor10 Crown PlaceLondonEC2A 4FT

Tel: 020 3857 3060

Financial Services Compensation Scheme10th Floor Beaufort House15 St Botolph StreetLondonEC3A 7QU

Tel: 0800 678 1100 or 020 7741 4100

Email: [email protected]

http://www.fscs.org.uk

2

2

1

If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers at maximum £85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with £80,000 and a current account with £20,000, he or she will only be repaid £85,000.

In some cases eligible deposits which are categorised as “temporary high balances” are protected above £85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including:

(a) certain transactions relating to the depositor’s current or prospective only or main residence or dwelling;(b) a death, or the depositor’s marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity;(c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction.

More information can be obtained under http://www.fscs.org.uk.

Financial Services Compensation Scheme

Please retain this FSCS Information Sheet and Exclusions List for your records.

This method will also be applied if a bank, building society or credit union operates under different trading names. Close Brothers Limited also

trades under Close Brothers Treasury and Close Brothers Savings. This means that all eligible deposits with one or more of these trading namesare in total covered up to £85,000.

Merchant BankingredoM n

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Limit of protection for joint accounts3

In case of joint accounts, the limit of £85,000 applies to each depositor.

However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000.

Reimbursement4

The responsible Deposit Guarantee Scheme is the Financial Services Compensation Scheme, 10th Floor Beaufort House, 15 St Botolph Street, London, EC3A 7QU, Tel: 0800 678 1100 or 020 7741 4100, Email: [email protected]. It will repay your eligible deposits (up to £85,000) within 20 working days until 31 December 2018; within 15 working days from 1 January 2019 until 31 December 2020; within 10 working days from 1 January 2021 to 31 December 2023; and within 7 working days from 1 January 2024 onwards, save where specific exceptions apply.

Other important information

In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website of the responsible Deposit Guarantee Scheme. Your bank, building society or credit union will also inform you of any exclusions from protection which may apply. If deposits are eligible, the bank, building society or credit union shall also confirm this on the statement of account.

Other important information

Exclusions list

If you have not been repaid within these deadlines, you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit. Further information can be obtained under http://www.fscs.org.uk.

Where the FSCS cannot make the repayable amount available within 7 working days, it will, from 1 June 2016 until 31 December 2023, ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses or operating costswithin 5

(in the case of a depositor which is not an individual or a large company) working days of a request.

A deposit is excluded from protection if:

(1) The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, bank building society or credit union.

(2) The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering.

(3) It is a deposit made by a depositor which is one of the following:

• credit institution• financial institution• investment firm• insurance undertaking• reinsurance undertaking• collective investment undertaking• pension or retirement fund1

• public authority, other than a small local authority

For further information about exclusions, refer to the FSCS website at www.FSCS.org.uk

1Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not excluded.

Modern Merchant Banking - closetreasury.co.uk checklist Please forward the following documents with...

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