Two more years

(26.8.04) In accordance with the scheme of arrangement approved by the company's shareholders on 14 May 2004, the directors have approved an extension of the claims period on the following terms.

Demutualisation entitlements not claimed by 18 August 2004 will be held for the benefit of the relevant qualifying members of the society under the terms of new unclaimed shares trusts and such members will have another two years expiring on 31 August 2006 in which to come forward and claim those benefits,

Claimants during the further two-year period will be entitled to receive their shares or the proceeds of the sale of shares, but nothing in respect of accumulated dividends or interest up to the date of their claim.