OCTOPUS. Trust Transfer Pack INHERITANCE TAX SERVICE. Got a question? Return your completed form and documents to:

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1 OCTOPUS INHERITANCE TAX SERVICE Trust Transfer Pack Return your completed form and documents to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Got a question? Please speak to your adviser or speak to one of the Octopus team on info@octopusinvestments.com We can t give investment advice, but we re happy to answer questions about anything else.

2 Key definitions Here s an explanation of some of the terms you ll see used in this pack: THE TRUST A Trust (or settlement ) is a relationship between the person who sets it up (the Settlor), the people who administer it (the Trustees) and the people who benefit from it (the Beneficiaries). The details of the Trust and the rules about how it s to be run are contained in the Trust Deed. PARTIES TO THE TRUST Settlor The person who creates the Trust and transfers shares to it. The Trustees the people nominated by the Settlor to be the legal owners of the shares transferred to the Trust. The Settlor can also be a Trustee during his/her lifetime. The Trust Property the assets owned by the Trustees. The Protector an individual named in the Trust Deed whose consent is required before certain actions are carried out, for example: The transfer of Trust assets to a Beneficiary The appointment and dismissal of Trustees The naming of new Beneficiaries not listed in the original Trust Deed The Beneficiaries the people named by the Settlor who will benefit from the Trust property. Page 2 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

3 Guidelines for completing this pack This pack enables you to: Set up a Trust if you don t already have one. We have provided two Template Trust Deeds for you to use (or you can set up a Trust without these templates if you prefer). If you use the Template Trust Deeds, please only complete one of them Transfer part or all of your Octopus Inheritance Tax Service (OITS) investment into this or any existing Trust you may have There are quite a few pages in this pack, but this page tells you which ones you should fill in and how to complete them. The pack has 5 main parts: Part 1 Frequently Asked Questions Part 2 Risks Part 3 Octopus Template Trust Deed A ( Business Assets Trust Deed ) You can use this template if you want to set up a Trust and do not want to draw down regular income payments from the Trust. Part 4 Octopus Template Trust Deed B ( Business Assets with Retained Interest Trust Deed ) You can use this template if you want to set up a Trust and want to draw down regular income payments from the Trust. Part 5 Stock Transfer and Application Form Completing this part of the pack confirms that: a. You want to transfer part or all of your OITS portfolio to the Trust you have chosen b. That the Trustees have read and understood the current OITS Brochure and Terms and Conditions and agreed to them It is essential that this part of the pack is fully completed in order for your portfolio to be transferred into Trust. If you don t already have a Trust set up to hold your OITS portfolio you can use either of the Octopus Template Trust Deeds set out in parts 3 and 4 of this pack. How to complete the form(s) For the parts that you complete: Please make sure you answer all the required questions marked with an *. When you have completed the form(s), tick the following to confirm: You have provided us with the necessary verification of identity documentation for the Trustees as detailed in the FAQs. Where you are using either of the Octopus Template Trust Deeds: You have fully completed all relevant sections and schedules. We will retain the original on our files so you should make a photocopy before you send us your completed pack. Where you are using your own Trust: You have enclosed certified copies of all relevant Trust Deed documentation. If you are using your own Trust Deed you should send a copy that has been certified as true by a regulated individual (e.g. financial adviser, solicitor or accountant). Each page must include the certifier s wet signature as well as their name for verification purposes. Appendix Tax Residency Self-Certification Forms for Individuals Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 3 of 32

4 Part 1: Frequently Asked Questions Please read the current Octopus Inheritance Tax Service (OITS) brochure, Terms and Conditions and Adviser Charges Frequently Asked Questions. Q: Do I have to use the Template Trust Deeds provided? A: No, if you already have a Trust set up or you are setting one up now you can use it. Even if you don t use the Template Trust Deeds, the Trustees will have to provide key information as outlined in the Stock Transfer and Application Form. Q: Why do I need to fill out the Stock Transfer and Trustee Application Form? A: This is effectively your instruction to transfer your OITS investment into a Trust. The Trustees also sign this form to accept control of the investment. From that point on we will only accept the Trustees instructions on the Trust account. Q: Who owns the investment? A: Once the Trust has been set up and your OITS investment has been transferred into it then the investment becomes the legal property of the Trustees, who hold it on Trust for the Beneficiaries named in the Trust Deed. Q: Is the transfer to the Discretionary Trust a Chargeable Lifetime Transfer (CLT) and will tax need to be paid on entry? A: The transfer of your OITS investment into the Trust is a CLT, but provided the investment has been held for two years no tax will need to be paid because the investment qualifies for 100% relief from inheritance tax, no matter how large it is. It s important to remember that tax rules and regulations are subject to change and depend on personal circumstances. Q: How can the Trustees check the progress of the investment? A: A formal valuation statement will be sent to the Primary Trustee every six months, although any Trustee can call us for a valuation, or access one online at any time. Q: Can the Trustees withdraw money from the OITS investment? A: Yes, the Trustees can withdraw money at any time (subject to a minimum withdrawal amount of 5,000). We ll arrange for the funds to be returned to the Trustees as soon as possible. In the normal course of events we would expect to be able to redeem the investment within one month. If it is necessary to carry out a share buyback because of unusually large withdrawals then the process could take approximately three months. In exceptional circumstances (such as a change in tax rules or the legislative framework) where the liquidity within the investee company is insufficient to facilitate a share buy back, the process could be much longer as we will need to arrange for the underlying trading businesses to be sold or wound-down in order to realise the cash to return to you. As discretionary manager, Octopus will focus on maximising the proceeds that are generated for you from this process. You should not invest in Octopus ITS unless you understand and accept that in exceptional circumstances it could take a year or more to access your investment following a withdrawal request. You should note that if the Trustees withdraw from the OITS investment then they will still need to arrange for you (the Settlor) to receive any regular payments set up when the Trust was established. If I use one of the Template Trust Deeds to set up the Trust: Q: Can I withdraw money from the Trust for myself? A: Other than any regular payment you may request when you set up the Trust (e.g. using Template Trust Deed B in this pack), you (the Settlor) cannot withdraw money from the Trust once the investment has been transferred into it. Q: Can I change the Beneficiaries of the Trust once it has been set up? A: Yes. As Protector of the Trust, during your lifetime you have the power to decide who can benefit from the Trust property, and can add new Beneficiaries if you wish. Q: Can I change the Trustees once the Trust has been set up? A: Yes. As the Settlor (and Protector) you have the right to appoint or remove Trustees during your lifetime. Q: Can I cancel the Trust once it has been set up? A: Trusts can only be unwound in accordance with the terms of the Trust Deed. In particular a Settlor may often be excluded from any benefit and so it may not be possible to simply wind up the Trust in favour of the Settlor. Professional advice should always be sought before winding up a Trust. Q: When will the regular payments from the Trust be made? (Regular payments can only be made using Trust Deed B) A: Liquidations are made in the last week of each month. If you have requested that we pay the proceeds directly into your account (as Settlor), then you should expect to receive cash seven days after that (although this can be affected by Bank Holidays). Q: Can I stop the regular payments from the Trust if I no longer need them? (Regular payments can only be made using Trust Deed B) A: No. The regular payments from the Trust cannot be stopped during your lifetime without unwinding the Trust. Q: What happens to unspent payments that have been drawn from the Trust? (Regular payments can only be made using Trust Deed B) A: Regular payments made by the Trust return to your estate. If the money is not spent then it becomes liable to IHT when you die. It s therefore important to make sure you draw the correct amount of payments for your needs. Q: On death, what happens to the Trust? A: The Trust continues after your death. The Trustees will apply the Trust Property in accordance with the Trust Deed, continuing to appoint it to the Beneficiaries as they see fit. Q: Where do I send this pack once it s completed? A: Once you have completed the pack you should send it to: Octopus Investments Ltd PO BOX Chelmsford CM99 2BU If you have used one of the Template Trust Deeds we will retain the original on our files so you should make a photocopy before you send us your completed pack. If you are using your own Trust Deed you should send a copy that has been certified as true by a regulated individual (e.g. a financial adviser, solicitor or accountant). Each page must include the certifier s wet signature as well as their name for verification purposes. Q: What identity and address verification documentation do Octopus require for each of the Trustees named in the Trust Deed? A: For each of the Trustees we require certified copies of their passport or driving licence; and a recent (no more than three months old) bank or building society statement, utility bill or tax bill. Q: Who can act as a witness? A: None of the parties to the Trust should witness signatures on the Trust Deed. Otherwise, any competent adult can act as witness. Q: Who should I appoint as Trustees? A: Any competent and solvent adult can act as a Trustee. You should appoint Trustees whom you trust to carry out your wishes, although as Protector you retain the power to remove a Trustee at any time. If you need any help with any aspect of your application, please call us free on Page 4 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

5 Part 2: Risks Octopus Inheritance Tax Service (OITS) may not be suitable for all investors. We recommend that potential investors seek independent tax and financial advice before making a decision. Please note that Octopus is not able to provide the Trustees with advice about whether they should invest in this product. Some of the key risks of investing in OITS are described in the Understanding the Risks section of the product brochure. In addition to these, you should give particular consideration to the following implications of transferring your OITS portfolio into a Trust: 1. Access to Capital After you have transferred your investment into a Trust you will lose access to it. This means that, for example, you will be unable to use your capital to cover for unanticipated costs should you need it at some point in the future. For this reason a discretionary Trust will not be suitable for you if you might require access to your capital in the future. Cancelling a Trust is likely to involve a costly and complicated process. 2. Annual Management Charges Your OITS portfolio will have different charges depending on when you first invested. If an annual management charge (AMC) is applied to your portfolio then it is currently deferred and only deducted when you sell or transfer your shares, provided we have delivered the 3% per annum target return over the time that you ve been invested. 3. Adviser Commissions Transferring your portfolio into Trust will cause any existing commission payments that Octopus makes to your adviser to cease. We can facilitate the payment of ongoing adviser charges from the portfolio once it is in Trust where these have been agreed by the Trustees. These charges will be deducted from the portfolio and paid to the Trustees adviser on an annual basis. Octopus is not able to provide investors with advice on tax, trusts or investments. We recommend that you seek independent tax, legal and financial advice before making a decision to transfer your portfolio into Trust. However, when you transfer your shares into Trust we will take these deferred charges. And once the portfolio is in Trust we will no longer defer our AMC. Instead we ll deduct it annually provided we have delivered the 3% target return in the year. Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 5 of 32

6 Part 3 Octopus Template Trust Deed A ( Business Assets Trust Deed ) This Template Trust Deed enables you to set up a Trust to hold part or all of your Octopus Inheritance Tax Service (OITS) portfolio. If you sign this Trust Deed and the Stock Transfer Form you will make an outright gift, so you can no longer enjoy any benefits from the shares transferred after the Trust is set up *. The Trust Property will be held for the benefit of Beneficiaries named by the Trust Deed. During your lifetime you act as Protector of the Trust and can control the Trust property and nominate additional Beneficiaries if you want. Your approval is required for any transfer of Trust Property to a Beneficiary, and you can appoint or dismiss Trustees. If the Trustees dispose of the OITS investment and you die within seven years of the settlement then inheritance tax charges may apply. To ensure that an inheritance tax charge doesn t arise if you die within seven years the Deed is drafted to prevent the Trustees disposing of the OITS investment if this is likely to create an IHT charge. You can remove this restriction by initialling the box in Clause 4 of the Trust Deed, but you should be aware of the risk of an inheritance tax charge arising if the Trustees are holding non-qualifying investments and you die within seven years. The Trustees must hold the OITS investment (or other assets that qualify for BPR) until your death, or for at least seven years if you live longer than this, to be certain of no inheritance tax charges applying. * If you want to draw down income from the Trust then use Template Trust Deed B. IMPORTANT INFORMATION This is a summary of the features of this Template Trust Deed. It is not a full list of the legal implications. We make this Template Trust Deed available for your consideration and the consideration of your professional advisers. If you intend to use this Template Trust Deed you and your advisers must satisfy yourself that it will achieve your objectives. Octopus cannot offer tax, Trust or investment advice. Nor can we accept any responsibility for the suitability of this Template Trust Deed. We strongly recommend that all investors consult a professional adviser before deciding to transfer their investment into Trust. Page 6 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

7 Part 3: Octopus Template Trust Deed A Section 1 Business Assets Trust Deed Octopus Investments Limited (Octopus) makes this Template Trust Deed available for the consideration of investors and their professional advisers. Any person intending to use this Template Trust Deed must satisfy him or herself that it will achieve his or her objectives, as Octopus cannot offer advice in connection with Trusts nor accept any responsibility for the suitability of any Template Trust Deed it provides to any person. This Settlement of business property is made on the date that all parties have signed this Deed (in this Deed called the Effective Date ). Between * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name * Date of birth DD MM YYYY * Country of birth Settlor Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 * Country(ies) of citizenship * Telephone numbers Country code Telephone number Home: Work: Mobile: * Address (address of Settlor) * Country Postcode Primary Trustee * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name * Date of birth DD MM YYYY * Country of birth * Country(ies) of citizenship * Telephone numbers Country code Telephone number Home: Work: Mobile: Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 7 of 32

8 * Address (address of Primary Trustee) * Country and Trustee 1 Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Postcode Additional Trustees Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Address (address of Additional Trustee) Country Postcode and Trustee 2 Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Address (address of Additional Trustee) Country Postcode (in this Deed called the Additional Trustees ) Page 8 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

9 Part 3: Octopus Template Trust Deed A Section 2 Business Assets Trust Deed Terms In this Deed the Settlor intends to create the following irrevocable Trusts: 1. Defined terms used in this Settlement In this Deed: 1.1 this Settlement means the Trusts created in this Deed. 1.2 the Settlor means the person who provides and transfers to the Trustees the property to be held on the Trusts created in this Deed. 1.3 the Trustees means the Settlor and the Additional Trustees; or the current Trustees of this Settlement 1.4 the Settled Business Property means the investments defined in the First Schedule. 1.5 relevant business property has the same meaning as in section 105 of the Inheritance Tax Act the Trust Fund means the Settled Business Property; and all property from time to time representing it. 1.7 the Trust Period means the period beginning on the Effective Date and ending on the 125 th anniversary of the Effective Date. That period is the perpetuity period applicable to this Settlement under the rule against perpetuities. 1.8 the Restricted Disposal Period means the period beginning on the Effective Date and ending on the earliest of the following dates; namely: one day following the date on which the Settlor dies; one day following the seventh anniversary of the Effective Date; one day following the date (if any) on which abolition of inheritance tax takes effect; one day following the date (if any) on which abolition of the relief from inheritance tax for relevant business property (as set out in Chapter I of part V of the Inheritance Tax Act 1984) takes effect. 1.9 the Protector means the Initial Protector (as defined in clause 9 of this Deed) or the current Protector of this Settlement 1.10 a Professional Protector means an individual appointed to act as Protector who is a lawyer or accountant or registered Trust and estate practitioner or other individual engaged in a business; or a corporation appointed to act as Protector whose business is or includes the administration of Trusts or estates or some other business the Beneficiaries means the Persons or classes of Persons defined in the Second Schedule; and a Person or class of Persons other than the Settlor or the spouse or civil partner for the time being of the Settlor nominated in writing to the Trustees during the Trust Period by the Settlor during the Settlor s lifetime; and following the death of the Settlor by the Protector Person means a person anywhere in the world and includes a corporation Widow and widower include a surviving civil partner Charity means any Trust, corporation or body of Persons (whether or not incorporated) whose objects and purposes are exclusively charitable Society of Trust and Estate Practitioners means the company of that name incorporated in England and Wales under company number and whose registered office is at Artillery House South, Artillery Row, London SW1P 1RT, England The STEP Provisions means the Standard Provisions of the Society of Trust and Estate Practitioners (1st Edition). 2. Declaration of Trust 2.1 The Settlor and the Additional Trustees declare that they hold the Trust Fund as Trustees of this Settlement on the following terms. 2.2 It is certified that this Deed falls within category L of the Stamp Duty (Exempt Instruments) Regulations Law applying to this Settlement The law of England and Wales applies to this Settlement. 4. Restriction on disposing of Settled Business Property (initial here to render * void 4.1 and 4.2 below) By initialling this box, the Settlor renders void 4.1 and 4.2 below; and by doing so allows the Trustees to dispose of Settled Business Property without acquiring replacement property that qualifies as relevant business property during the Restricted Disposal Period. Initialling this box may trigger a tax charge if the Settlor does not survive the Effective Date by 7 years In this clause the expression third party means any Person who is not a Trustee. 4.1 Provided the box above has not been initialled by the Settlor and notwithstanding anything else in this Deed the Trustees may only sell or assign to any third party (whether or not for valuable consideration) or otherwise dispose of the Settled Business Property during the Restricted Disposal Period in the circumstances set out in 4.2 below. 4.2 Those circumstances are where, following sale, assignment or disposal of the Settled Business Property, replacement property is acquired that qualifies as relevant business property within the terms of section 113B of the Inheritance Tax Act Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 9 of 32

10 Part 3: Octopus Template Trust Deed A Section 2 Business Assets Trust Deed Terms Continued 5. Trust income Subject to and in default of the powers to appoint benefits set out in clause 6 below: 5.1 During the Trust Period the Trustees may accumulate the whole or any part of the income of the Trust Fund by adding it to the capital of the Trust Fund. 5.2 Subject to that the Trustees shall pay or apply the income of the Trust Fund to or for the benefit of any Beneficiaries as the Trustees think fit. 6. Powers to appoint benefits Subject to the restriction set out in clause 4 above the Trustees shall have the following powers: 6.1 Power to appoint benefits The Trustees may declare that they hold the Trust Fund or any part of it, on such terms as they think fit, for the benefit of any Beneficiaries as they think fit Such declaration: must be made by Deed; and may be irrevocable or revocable; and may create beneficial entitlements of any nature (including discretionary Trusts); and may be subject to or create any dispositive or administrative powers. 6.2 Power to transfer to separate settlement The Trustees may declare that they hold the Trust Fund or any part of it on Trust to transfer it to Trustees of another settlement (a Receiving Settlement ) on the following terms: that the Trustees of the Receiving Settlement hold the Trust Fund (or such of it as is transferred) on the terms of that Receiving Settlement, freed and released from the terms of this Settlement; and provided that all beneficiaries of the Receiving Settlement at the time of such transfer are Beneficiaries of this Settlement (or would be if living) immediately before the transfer Such declaration: must be made by Deed; and may be made in favour of a Receiving Settlement administered in or made under the law of any country. 6.3 Power to advance capital The Trustees may pay or apply the Trust Fund or any part of it to any Beneficiary; or for the advancement or benefit of any Beneficiary. 6.4 The powers in this clause may only be exercised: after first obtaining the Protector s written consent; and during the Trust Period; and at a time when there are at least two Trustees; or 7. Ultimate Trusts of capital Subject to the above, the Trust Fund shall be held on Trust for such Charity or Charities (and if more than one in such shares) as the Trustees shall in their absolute discretion appoint. 8. Appointing and dismissing Trustees 8.1 The Protector shall have the power to appoint new or additional Trustees. 8.2 The Protector may dismiss any Trustee by giving 30 days notice to that Trustee. 8.3 Such appointment or notice must be made in writing. 9. The Protector 9.1 The Initial Protector is the Settlor. 9.2 Appointment of additional or successor Protector The Protector may appoint an additional Protector or Protectors to act with him The Protector may appoint a successor Protector or Protectors Such appointment may take effect: immediately; or on the death of the current Protector, or at any other time during the Trust Period not being a time prior to the time of appointment Any appointment of an additional or successor Protector: must be in writing; and may be revoked by the current Protector before taking effect. 9.3 Provisions applying where there is no Protector: If there is no Protector the Trustees may appoint a Protector or Protectors, but shall not be obliged to do so unless an adult Beneficiary asks them to do so Where there is no Protector the Trustees powers ordinarily requiring the Protector s consent may be exercised without any consent. 9.4 Where there is more than one Protector they must exercise their powers jointly. 9.5 Charging provision for Professional Protectors A Professional Protector may charge for work done by him or his firm in connection with this Settlement, including work not requiring professional assistance. 9.6 Where a Protector fails to respond in writing to a written response from the Trustees within four weeks the Trustees may interpret the Protector s silence as consent and act accordingly. 10. Administrative provisions applying to this Settlement The STEP Provisions shall apply to this Settlement with the deletion of paragraph 5, but in the event of any conflict between the terms of this Settlement and the STEP Provisions the former shall take priority. 11. Exclusion of Settlor and spouse or civil partner of Settlor The Trust Fund may not in any circumstances be paid or applied in any way that is directly or indirectly for the benefit of the Settlor or any individual who is for the time being married to or the civil partner of the Settlor; but this exclusion shall not apply to the widow, widower or surviving civil partner of the Settlor following the death of the Settlor the Trustee is a company conducting a business that consists of or includes the management of Trusts. Page 10 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions? Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076

11 Part 3: Octopus Template Trust Deed A Section 3 Business Assets Trust Deed Schedules In witness of the above the Settlor and the Trustees have signed below on the date of this Deed. * Portfolio Number * Percentage of the portfolio to be transferred into the Trust Name here anyone whom it is desired to benefit who does not fall within 1 3. Where assets are split across beneficiaries, please outline the percentage of the split. The percentage should total 100%) The First Schedule: The Settled Business Property % This can be found on all correspondence from us, including your portfolio statements. The requested percentage of the portfolio will be transferred, after deduction of any requested initial adviser charge The Second Schedule: The Beneficiaries 1. The widow widower or surviving civil partner of the Settlor 2. Children and descendants of the Settlor living on the Effective Date or born during the Trust Period 3. Spouses civil partners widows widowers and surviving civil partners of 2. above 4. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 The Third Schedule * Settlor Signature (signature of Settlor) Date signed (dd/mm/yyyy) * In the presence of Witness (signature of Witness) Occupation Address Name * Primary Trustee Signature (signature of Primary Trustee) Date signed (dd/mm/yyyy) * In the presence of Witness (signature of Witness) Occupation Address Name Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 11 of 32

12 Part 3: Octopus Template Trust Deed A Section 3 Business Assets Trust Deed Schedules Continued Additional Trustee 1 Signature (signature of Additional Trustee 1) In the presence of Witness (signature of Witness) Name Date signed (dd/mm/yyyy) Occupation Address Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Additional Trustee 2 Signature (signature of Additional Trustee 2) In the presence of Witness (signature of Witness) Date signed (dd/mm/yyyy) Occupation Address Name Once complete, please return this form along with the Stock Transfer and Application form to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Page 12 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

13 Part 4 Octopus Template Trust Deed B ( Business Assets with Retained Interest Trust Deed ) This Template Trust Deed enables you to set up a Trust to hold part or all of your Octopus Inheritance Tax Service (OITS) portfolio. If you sign this Trust Deed and the relevant stock transfer forms you will become entitled to receive fixed regular payments on set dates during your lifetime, but otherwise will make an outright gift, so you can no longer enjoy any benefits from the portfolio. The Trust Property will be held for the benefit of Beneficiaries named by the Trust Deed. During your lifetime you act as Protector of the Trust and can control the Trust property and nominate additional Beneficiaries if you want. Your approval is required for any transfer of Trust property to a Beneficiary, and you can appoint or dismiss Trustees. If the Trustees dispose of the OITS investment and you die within seven years of the settlement then inheritance tax charges may apply. To ensure that an inheritance tax charge doesn t arise if you die within seven years the Deed is drafted to prevent the Trustees disposing of the OITS investment if this is likely to create an IHT charge. You can remove this restriction by initialling the box in Clause 4 of the Trust Deed, but you should be aware of the risk of an inheritance tax charge arising if the Trustees are holding non-qualifying investments and you die within seven years. The Trustees must hold the OITS investment (or other assets that qualify for BPR) until your death, or for at least seven years if you live longer than this, to be certain of no inheritance tax charges applying. In the third and fourth schedules to section 3 of the Trust Deed you will specify the amounts and dates of the regular payments to which you will be entitled from the Trust once you have transferred your OITS portfolio to it. You should regard the payment amount and frequency as fixed during your lifetime. It can t be altered without unwinding the Trust. IMPORTANT INFORMATION This is a summary of the features of this Template Trust Deed. It is not a full list of the legal implications. We make this Template Trust Deed available for your consideration and the consideration of your professional advisers. If you intend to use this Template Trust Deed you and your advisers must satisfy yourself that it will achieve your objectives. Octopus cannot offer tax, Trust or investment advice. Nor can we accept any responsibility for the suitability of this Template Trust Deed. We strongly recommend that all investors consult a professional adviser before deciding to transfer their investment into Trust. Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 13 of 32

14 Part 4: Octopus Template Trust Deed B Section 1 Business Assets with Retained Interest Trust Deed Octopus Investments Limited (Octopus) makes this Template Trust Deed available for the consideration of investors and their professional advisers. Any person intending to use this Template Trust Deed must satisfy him or herself that it will achieve his or her objectives, as Octopus cannot offer advice in connection with Trusts nor accept any responsibility for the suitability of any Template Trust Deed it provides to any person. This Settlement of business property is made on the date that all parties have signed this Deed (in this Deed called the Effective Date ). Between * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name Settlor Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 * Date of birth DD MM YYYY * Country of birth * Country(ies) of citizenship * Telephone numbers Country code Telephone number Home: Work: Mobile: * Address (address of Settlor) * Country Postcode Primary Trustee * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name * Date of birth DD MM YYYY * Country of birth * Country(ies) of citizenship Page 14 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

15 * Telephone numbers Country code Telephone number Home: Work: Mobile: * Address (address of Primary Trustee) * Country Postcode Additional Trustees and Trustee 1 Title (Mr/Mrs/Miss/Ms/Other) First name(s) Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Address (address of Trustee 1) Country Postcode and Trustee 2 Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 15 of 32

16 Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Address (address of Trustee 2) Country Postcode (in this Deed called the Additional Trustees ) Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Page 16 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

17 Part 4: Octopus Template Trust Deed B Section 2 Business Assets with Retained Interest Trust Deed Terms In this Deed the Settlor intends to create the following irrevocable trusts: 1. Defined terms used in this Settlement In this Deed: 1.1 this Settlement means the Trusts created in this Deed. 1.2 the Settlor means the person who provides and transfers to the Trustees the property to be held on the Trusts created in this Deed. 1.3 the Trustees means the Settlor and the Additional Trustees; or the current Trustees of this Settlement 1.4 the Settled Business Property means the investments defined in the First Schedule. 1.5 relevant business property has the same meaning as in section 105 of the Inheritance Tax Act the Trust Fund means the Settled Business Property; and all property from time to time representing or replacing it. 1.7 the Trust Period means the period beginning on the Effective Date and ending on the 125 th anniversary of the Effective Date. That period is the perpetuity period applicable to this Settlement under the rule against perpetuities. 1.8 the Restricted Disposal Period means the period beginning on the Effective Date and ending on the earliest of the following dates; namely: one day following the date on which the Settlor dies; one day following the seventh anniversary of the Effective Date; one day following the date (if any) on which abolition of inheritance tax takes effect; one day following the date (if any) on which abolition of the relief from inheritance tax for relevant business property (as set out in Chapter I of part V of the Inheritance Tax Act 1984) takes effect. 1.9 the Protector means the Initial Protector (as defined in clause 10 of this Deed) or the current Protector of this Settlement 1.10 a Professional Protector means an individual appointed to act as Protector who is a lawyer or accountant or registered Trust and estate practitioner or other individual engaged in a business; or a corporation appointed to act as Protector whose business is or includes the administration of Trusts or estates or some other business the Beneficiaries means the Persons or classes of Persons defined in the Second Schedule; and a Person or class of Persons other than the Settlor or the spouse or civil partner for the time being of the Settlor nominated in writing to the Trustees during the Trust Period by the Settlor during the Settlor s lifetime; and following the death of the Settlor by the Protector Person means a person anywhere in the world and includes a corporation Charity means any Trust, corporation or body of Persons (whether or not incorporated) whose objects and purposes are exclusively charitable Widow and widower include a surviving civil partner Society of Trust and Estate Practitioners means the company of that name incorporated in England and Wales under company number and whose registered office is at Artillery House South, Artillery Row, London SW1P 1RT, England The STEP Provisions means the Standard Provisions of the Society of Trust and Estate Practitioners (1st Edition). 2. Declaration of Trust 2.1 The Settlor and the Additional Trustees declare that they hold the Trust Fund as Trustees of this Settlement on the terms set out in this Deed. 2.2 It is certified that this Deed falls within category L (and where applicable category N) of the Stamp Duty (Exempt Instruments) Regulations Law applying to this Settlement The law of England and Wales applies to this Settlement. 4. Restriction on disposing of Settled Business Property (initial here to render * void 4.1 and 4.2 below) By initialling this box, the Settlor renders void 4.1 and 4.2 below; and by doing so allows the Trustees to dispose of Settled Business Property without acquiring replacement property that qualifies as relevant business property during the Restricted Disposal Period. Initialling this box may trigger a tax charge if the Settlor does not survive the Effective Date by 7 years In this clause the expression third party means any Person who is not a Trustee. 4.1 Provided the box above has not been initialled by the Settlor and notwithstanding anything else in this Deed the Trustees may only sell or assign to any third party (whether or not for valuable consideration) or otherwise dispose of the Settled Business Property during the Restricted Disposal Period in the circumstances set out in 4.2 below. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 17 of 32

18 Part 4: Octopus Template Trust Deed B Section 2 Business Assets with Retained Interest Trust Deed Terms Continued 4.2 Those circumstances are: where, following sale, assignment or disposal of the Settled Business Property, replacement property is acquired that qualifies as relevant business property within the terms of section 113B of the Inheritance Tax Act 1984; or where Settled Business Property or replacement property that qualifies as relevant business property within the terms of section 113B of the Inheritance Tax Act 1984 is sold in order to raise the cash sums payable to the Settlor under clause 5.1 below. 5. Settlor s retained interest 5.1 On each of the dates defined in the Third Schedule that occurs during the lifetime of the Settlor the Trustees shall raise out of the capital of the Trust Fund the cash sum defined in the Fourth Schedule, and shall pay that sum to the Settlor. 5.2 For the avoidance of doubt, the Trustees shall hold the rights to receive the cash sums defined in clause 5.1 above on the dates there also defined on bare Trust for the Settlor, such that the Settlor is absolutely entitled to those rights as against the Trustees. 6. Trust income Subject to and in default of the powers to appoint benefits set out in clause 7 below: 6.1 During the Trust Period the Trustees may accumulate the whole or any part of the income of the Trust Fund by adding it to the capital of the Trust Fund. 6.2 Subject to that the Trustees shall pay or apply the income of the Trust Fund to or for the benefit of any Beneficiaries as the Trustees think fit. 7. Powers to appoint benefits Subject to the restriction set out in clause 4 above and the Settlor s retained interest set out in clause 5 above the Trustees shall have the following powers: 7.1 Power to appoint benefits The Trustees may declare that they hold the Trust Fund or any part of it, on such terms as they think fit, for the benefit of any Beneficiaries as they think fit Such declaration: must be made by Deed; and may be irrevocable or revocable; and may create beneficial entitlements of any nature (including discretionary trusts); and may be subject to or create any dispositive or administrative powers. 7.2 Power to transfer to separate settlement The Trustees may declare that they hold the Trust Fund or any part of it on Trust to transfer it to Trustees of another settlement (a Receiving Settlement ) on the following terms: that the Trustees of the Receiving Settlement hold the Trust Fund (or such of it as is transferred) on the terms of that Receiving Settlement, freed and released from the terms of this Settlement; and provided that all beneficiaries of the Receiving Settlement at the time of such transfer are Beneficiaries of this Settlement (or would be if living) immediately before the transfer Such declaration: must be made by Deed; and may be made in favour of a Receiving Settlement administered in or made under the law of any country. 7.3 Power to advance capital The Trustees may pay or apply the Trust Fund or any part of it to any Beneficiary; or for the advancement or benefit of any Beneficiary. 7.4 The powers in this clause may only be exercised: after first obtaining the Protector s written consent; and during the Trust Period; and at a time when there are at least two Trustees; or the Trustee is a company conducting a business that consists of or includes the management of trusts. 8. Ultimate Trusts of capital Subject to the above, the Trust Fund shall be held on Trust for such Charity or Charities (and if more than one in such shares) as the Trustees shall in their absolute discretion appoint. 9. Appointing and dismissing Trustees 9.1 The Protector shall have the power to appoint new or additional Trustees. 9.2 The Protector may dismiss any Trustee by giving 30 days notice to that Trustee. 9.3 Such appointment or notice must be made in writing. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Page 18 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

19 Part 4: Octopus Template Trust Deed B Section 2 Business Assets with Retained Interest Trust Deed Terms Continued 10. The Protector 10.1 The Initial Protector is the Settlor Appointment of additional or successor Protector The Protector may appoint an additional Protector or Protectors to act with him The Protector may appoint a successor Protector or Protectors Such appointment may take effect: immediately; or on the death of the current Protector, or at any other time during the Trust Period not being a time prior to the time of appointment Any appointment of an additional or successor Protector: must be in writing; and may be revoked by the current Protector before taking effect Provisions applying where there is no Protector: If there is no Protector the Trustees may appoint a Protector or Protectors, but shall not be obliged to do so unless an adult Beneficiary asks them to do so Where there is no Protector the Trustees powers ordinarily requiring the Protector s consent may be exercised without any consent Where there is more than one Protector they must exercise their powers jointly Charging provision for Professional Protectors A Professional Protector may charge for work done by him or his firm in connection with this Settlement, including work not requiring professional assistance Where a Protector fails to respond in writing to a written response from the Trustees within four weeks the Trustees may interpret the Protector s silence as consent and act accordingly. 11. Administrative provisions applying to this Settlement The STEP Provisions shall apply to this Settlement with the deletion of paragraph 5, but in the event of any conflict between the terms of this Settlement and the STEP Provisions the former shall take priority. 12. Exclusion of Settlor and spouse or civil partner of Settlor 12.1 Other than the Settlor s retained interest set out in clause 5 above the Trust Fund may not in any circumstances be paid or applied in any way that is directly or indirectly for the benefit of the Settlor 12.2 The Trust Fund may not in any circumstances be paid or applied in any way that is directly or indirectly for the benefit of any individual who is for the time being married to or the civil partner of the Settlor; but this exclusion shall not apply to the widow, widower or surviving civil partner of the Settlor following the death of the Settlor. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 19 of 32

20 Part 4: Octopus Template Trust Deed B Section 3 Business Assets with Retained Interest Trust Deed Schedules In witness of the above the Settlor and the Additional Trustees have signed below on the date of this Deed. * Portfolio Number * Percentage of the portfolio to be transferred into the Trust Name here anyone whom it is desired to benefit who does not fall within 1 3. Where assets are split across beneficiaries, please outline the percentage of the split. The percentage should total 100%) The First Schedule: The Settled Business Property % This can be found on all correspondence from us, including your portfolio statements. The requested percentage of the portfolio will be transferred, after deduction of any requested initial adviser charge The Second Schedule: The Beneficiaries 1. The widow widower or surviving civil partner of the Settlor 2. Children and descendants of the Settlor living on the Effective Date or born during the Trust Period 3. Spouses civil partners widows widowers and surviving civil partners of 2. above 4. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 * (please tick one box to confirm the desired payment frequency) The Third Schedule: The dates on which the Settlor s payments are to be made monthly quarterly semi-annually annually Annual payments are made every April, semi-annual payments are made every April and October, and quarterly payments are made every January, April, July and October. The Fourth Schedule: The amount of each cash sum to be paid to the Settlor * (show here the cash amount to be paid on each of the dates described above) *minimum 1,000 per transaction The Fifth Schedule * Settlor Signature (signature of Settlor) Date signed (dd/mm/yyyy) * In the presence of Witness (signature of Witness) Occupation Address Name Page 20 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

21 Part 4: Octopus Template Trust Deed B Section 3 Business Assets with Retained Interest Trust Deed Schedules Continued * Primary Trustee Signature Date signed (dd/mm/yyyy) * In the presence of Witness (signature of Witness) Name Occupation Address Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Additional Trustee 1 Signature Date signed (dd/mm/yyyy) In the presence of Witness (signature of Witness) Occupation Address Name Additional Trustee 2 Signature Date signed (dd/mm/yyyy) In the presence of Witness (signature of Witness) Occupation Address Name Once complete, please return this form along with the Stock Transfer and Application form to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 21 of 32

22 Part 5 Stock Transfer and Application Form Completing this part of the pack confirms that: a. You want to transfer part or all of your Octopus Inheritance Tax Service (OITS) portfolio to the Trust you have chosen. b. That the Trustees have read and understood the current OITS Brochure and Terms and Conditions and agreed to them. It is essential that this part of the pack is fully completed in order for your portfolio to be transferred into Trust. Page 22 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

23 Part 5: Stock Transfer and Application Form Section 1 Settlor Details Please insert the full name and permanent address of the Settlor (the person that owns the OITS portfolio that is being transferred). Octopus will transfer the relevant number of shares from your OITS into the Trust. The Settlor should then sign and date the declaration in Section 9. * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name * Date of birth DD MM YYYY * Country of birth * Country(ies) of citizenship Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 * Telephone numbers Country code Telephone number Home: Work: Mobile: * Address (address of Settlor) * Country * Postcode Section 2 Primary Trustee Details, please note all communication will be sent to the Primary Trustee Please insert the full name, permanent address, daytime and evening telephone numbers, date of birth and address for the Primary Trustee. * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name * Date of birth DD MM YYYY * Country of birth * Country(ies) of citizenship Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 23 of 32

24 * Telephone numbers Country code Telephone number Home: Work: Mobile: * Address (address of Settlor) * Country Postcode * Section 3 Additional Trustee Details (optional) Please insert the full names, permanent addresses, daytime and evening telephone numbers, dates of birth and address for any Additional Trustees. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Additional Trustee 1 Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Address (address of trustee) Country Postcode Title (Mr/Mrs/Miss/Ms/Other) Additional Trustee 2 First name(s) Last name Date of birth DD MM YYYY Page 24 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

25 Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Address (address of trustee) Country Postcode Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 25 of 32

26 Part 5: Stock Transfer and Application Form Section 4 Tax Residency Status We are legally required to collect information about the tax residency and classifications of each investor which may be shared with HM Revenue & Customs. For further information please visit octopusinvestments.com/reportingforms 4.1 Tax Residency * Please note, if your organisation is a branch you should consider this at the branch level, not at the legal entity level Is the entity tax resident, or do you complete tax returns on behalf of the entity, in any country other than the UK? No please go straight to Section 4.2. Yes, please list the country(ies), other than the UK, in which the entity is resident for tax purposes. Please provide the Taxpayer Identification Number (TIN) or functional equivalent for each country(ies), or tick the relevant box if the country does not provide a TIN. Country(ies) Taxpayer Identification Number (TIN) TIN not available Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM All Entities FATCA classification under the UK-US IGA A To be completed by Financial Institutions (FI) only Global Intermediary Identification Number (GIIN) Name of sponsoring entity, if applicable If unable to provide a GIIN, It is a Financial Institution in an IGA Partner Jurisdiction and has not yet obtained a GIIN please tick the reason why your organisation does not It is a Financial Institution in a non-iga Partner Jurisdiction that has not yet received a GIIN, but intends to have a GIIN apply for one. It is a Financial Institution in a non-iga Partner Jurisdiction that has applied for, but is yet to receive a GIIN It is an Exempt Beneficial Owner It is a Certified Deemed Compliant Financial Institution It is a Non-Participating Foreign Financial Institution B To be completed by Non-Financial Institutions only Please tick to confirm your organisation s FATCA status under the UK-US IGA Active Non-Financial Foreign Entity (NFFE) Passive Non-Financial Foreign Entity (NFFE), please complete the relevant Self Certification Forms for each controlling person. In the case of trusts this may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Forms can be downloaded online at octopusinvestments.com/reportingforms Direct Reporting Non-Financial Foreign Entity (NFFE), if sponsored please provide the details of the sponsoring entity: Name: GIIN: Please tick this box to confirm that the sponsoring entity has agreed to act as the sponsoring entity for your organisation. Page 26 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

27 4.3 All Entities/Branches classification under the Common Reporting Standard A To be completed by Financial Institutions only Please tick to confirm Financial Institution Investment Entity. your organisation s status An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution. under the Common Please complete the relevant Self Certification Forms for each controlling person. In the case of trusts this Reporting Standard may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Forms can be downloaded online at octopusinvestments.com/reportingforms Other Investment Entity Or B To be completed by Non-Financial Institutions only Please tick to confirm your organisation s status under the Common Reporting Standard Financial Institution Depository Institution, Custodial Institution or Specified Insurance Company Active Non-Financial Entity (NFE) a corporation the stock of which is regularly traded on an established securities market or a corporation which is a related entity of such a corporation If you have ticked, please provide the name of the established securities market on which the corporation is regularly traded: Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 If you are a Related Entity of a regularly traded corporation, please provide the name of the regularly traded corporation that the Entity above is a Related Entity of: Active Non-Financial Entity (NFE) a Government Entity or Central Bank Active Non-Financial Entity (NFE) an International Organisation Active Non-Financial Entity (NFE) other than above (for example a start-up NFE or a non-profit NFE) Passive Non-Financial Entity (NFE), please complete the relevant Self Certification Forms for each controlling person. In the case of trusts this may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Forms can be downloaded online at octopusinvestments.com/reportingforms Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 27 of 32

28 Part 5: Stock Transfer and Application Form Section 5 Trust Details Please detail your OITS portfolio number, the name of the Trust, and the number of shares to be transferred from your OITS investment into Trust. Please complete the payment schedule details. The Settlor, Primary Trustee and Additional Trustees need to sign the declaration and all signatures must be witnessed. * Portfolio Number * Percentage of the portfolio to be transferred into the Trust * Name of the Trust The shares to be transferred into Trust % This can be found on all correspondence from us, including your portfolio statements. The requested percentage of the portfolio will be transferred, after deduction of any requested initial adviser charge You can decide the name of your Trust. Many investors choose to simply name their Trust after themselves, eg. The John Smith Settlement. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 (Name here anyone whom it is desired to benefit who does not fall within 1 3. The Beneficiaries 1. The widow or widower or surviving civil partner of the Settlor 2. Children and descendants of the Settlor living on the Effective Date or born during the Trust Period 3. Spouses civil partners widows/widowers and surviving civil partners of 2. above 4. Section 6 Regular Payments Please only complete this section if you wish to retain an income on your investment, e.g. if you are using Template Trust Deed B (the Business Assets with Retained Interest Trust Deed) from this pack. The amount of each cash sum to be paid * (Show here the cash amount to be paid on each of the dates described below) *minimum 1,000 per transaction * (Please tick one box to confirm the desired payment frequency) Frequency of regular payments monthly quarterly semi-annually annually Annual payments are made every April, semi-annual payments are made every April and October, and quarterly payments are made every January, April, July and October. * Please arrange to make regular payments at the dates and intervals specified in the Trust Deed to either: * Please give us details of the bank account you would like the regular payments to be paid into Account in the name of the Trustee Directly to the Settlor Account name Account number Bank or building society name Branch address Sort code Postcode Page 28 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

29 Part 5: Stock Transfer and Application Form Section 7 About the adviser/intermediary (to be completed by the adviser/intermediary) Adviser/intermediary * Company * Title (Mr/Mrs/Miss/Ms/Other) * First name(s) * Last name * Telephone * Address Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 * Country Postcode * * FCA number Are you part of a network/service provider? No Yes please give us the network/service provider name * address for adviser charge and commission statements (Tick one box only) Adviser/Intermediary Other Administrator Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 29 of 32

30 Part 5: Stock Transfer and Application Form Section 8 About adviser/intermediary payment * What type of Trust transfer is this? (Tick one box only) This is a direct Trust transfer (i.e. you are not submitting this application through an adviser/intermediary) Leave the rest of this section blank. Please note that we require you to submit a completed client suitability questionnaire before we can process your direct investment application. The questionnaire is available at octopusinvestments.com or you can call for a copy. This is an intermediated unadvised trust transfer (i.e. you are submitting this application through an adviser/intermediary but no new financial advice has been provided in connection with the transfer). Any existing trail commission payments can continue following the transfer. This is an advised Trust transfer (any existing trail commission payments to your financial adviser will cease) Please cross through this section if you do not need Octopus to facilitate adviser charges from this transfer. To understand all your options, please read our Adviser Charges Frequently Asked Questions document, and if you have any further questions please talk to your adviser. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Initial adviser charge Ongoing adviser charge Percentage % This is taken from your Octopus Inheritance Tax Service (OITS) investment and paid to your adviser before your investment is transferred into Trust. Percentage % Once your investment has been transferred into Trust we can deduct ongoing adviser charges from the investment and pay them to the Trustees financial adviser for the advice provided to the Trustees. This will be calculated on the value of the portfolio and we will pay the Trustees adviser annually by selling assets from the portfolio. We are unable to facilitate payment of ongoing adviser charges from the investment once in Trust where these are made in respect of advice provided to you as Settlor, as doing so would have inheritance tax implications. Section 9 About Octopus charges Octopus Initial Charge There is no initial charge or dealing fee for transferring your investment into Trust. Octopus Annual Management Charge Special instructions Your OITS portfolio will have different charges depending on when you first invested. If an annual management charge (AMC) is applied to your portfolio then it is currently deferred and only deducted when you sell or transfer your shares, provided we have delivered the 3% per annum target return over the time that you ve been invested. When you transfer your shares into Trust we will take these deferred charges. And once the portfolio is in Trust we will no longer defer our AMC. Instead we ll deduct it annually provided we have delivered the 3% target return in the year. If you transfer your portfolio into Trust, any existing trail commission payments to your financial adviser will cease. Where this is the case then any AMC currently charged on the portfolio will be reduced by 0.5% per annum. Section 10 Declaration Adviser declaration By submitting this form, I agree that: I have read and understand the Octopus Terms of Business for Intermediaries I agree to be bound by these Terms of Business As an Appointed Representative, I warrant and represent that my principal also accepts the Terms of Business for Intermediaries Page 30 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

31 Part 5: Stock Transfer and Application Form Section 10 Declaration The Trustees and Settlor should read the declaration and sign and date below. Please note that all Trustees must sign. Please provide anti-money laundering due diligence documentation for the Trustees (see the FAQs in Part 1 of this pack). * Applicant declaration If this form is completed and signed by the Settlor and all the Trustees named in Sections 1, 2 and 3: To be completed by the By signing this form WE HEREBY DECLARE THAT: Settlor and Trustees named in Sections 1, 2 and 3 1. We have read and understood the relevant Product Brochure marked December 2014 on the front cover (or a later dated version) and the risk factors set out in it. 2. We have read and understood the Terms and Conditions attached and agree to be bound by them. 3. We understand the risks associated with Octopus Inheritance Tax Service (OITS) and the risks of transferring the portfolio into Trust. 4. To the best of our knowledge and belief, the personal details we have given are correct. 5. We have considered the need for appropriate financial and tax advice. 6. We authorise the transfer of assets to the Trust as articulated in the Trust Deeds. 7. We consent to Octopus providing information to our adviser/intermediary until notified otherwise. 8. We understand that accrued AMC will be taken at the point of transfer. Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 * Settlor Signature Date signed (dd/mm/yyyy) * In the presence of Witness (signature of Witness) Occupation Address Name * Primary Trustee Signature Date signed (dd/mm/yyyy) * In the presence of Witness (signature of Witness) Occupation Address Name Please turn over to complete the remainder of the declaration. Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 31 of 32

32 Part 5: Stock Transfer and Application Form Section 10 Declaration Continued Additional Trustee 1 Signature In the presence of Witness (signature of Witness) Name Date signed (dd/mm/yyyy) Occupation Address Octopus-IHT-OITS-trust-transfer-pack-application-retail CAM04076 Additional Trustee 2 Signature Date signed (dd/mm/yyyy) In the presence of Witness (signature of Witness) Occupation Address Name Page 32 of 32 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

33 OCTOPUS Tax Residency Self-Certification Form for Controlling Person Octopus Investments is required by UK law to collect information about the tax residency and tax classification status of its investors. In certain circumstances it may be necessary for us to share this information with HM Revenue and Customs (HMRC), which is also obliged to share relevant information with tax authorities in other jurisdictions. Please note, each Controlling Person should complete a Self-Certification Form. In the case of trusts this may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Please complete all sections as directed. You can either photocopy this form, download and print an additional copy from octopusinvestments.com/reportingforms or call our Client Relations Team on who will send you one by post. If you have any questions about tax residence or classification, we recommend that you contact your adviser. Return your completed form and documents to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Got a question? Please speak to your adviser or call the Octopus team on info@octopusinvestments.com We can t give investment advice, but we re happy to answer questions about anything else. CAM04076 Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority

34 Section 1 About the Controlling Person Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Address Country Postcode Please enter the legal name of the relevant entity Account Holder(s) of which you are a Controlling Person Legal name of Entity 1 Legal name of Entity 2 Legal name of Entity 3 Page 34 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

35 Section 1 Continued Type of Controlling Person (Please only complete this section if you are tax resident in one or more Reportable Jurisdictions) Please provide the Controlling Person s Status by ticking the Entity 1 Entity 2 Entity 3 appropriate box. Controlling Person of a corporation, a partnership, a pension fund or a charity. Control by ownership Control by other means Senior managing official Controlling Person or trust. Settlor Trustee Protector Beneficiary Other Controlling Person of a legal arrangement (non-trust). A legal arrangement is any entity which is neither a legal entity (such as a company or partnership) nor a trust. Examples of a legal arrangement include, but are not limited to, unincorporated clubs and associations. Settlor-equivalent Trustee-equivalent Protector-equivalent Beneficiary-equivalent Other-equivalent Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Section 2 Tax Residency Status 2.1 Are you tax resident, or do you complete tax returns, in any country other than the UK? No please go straight to Section 3. Yes please complete the table below. 2.2 Please list the country(ies), other than the UK, in which you are resident for tax purposes. Please provide the Taxpayer Identification Number (TIN) or functional equivalent for each country(ies), or tick the relevant box if the country does not provide a TIN. Country(ies) Taxpayer Identification Number (TIN) TIN not available Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 35 of 51

36 Section 3 Declaration Investor declaration (To be completed by the Controlling Person named in Section 1,or registered Attorney(s)) Controlling Person name I declare that to the best of my knowledge and belief, the information I have provided in this form is true, correct and complete. I understand that the information contained in this form and any information about the Investor and their accounts may be reported to the tax authorities of the country in which these accounts are maintained. They may also be exchanged with tax authorities of another country or countries in which the Controlling Person is a tax resident depending on the Intergovernmental Agreements (IGAs) that are in place. Controlling Person signature Capacity (Note: If you are not the Controlling Person please indicate the capacity in which you are signing the form. If signing under a power of attorney please also attach a certified copy of the power of attorney.) Date signed DD MM YYYY Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority Page 36 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

37 OCTOPUS Tax Residency Self-Certification Form for Controlling Person Octopus Investments is required by UK law to collect information about the tax residency and tax classification status of its investors. In certain circumstances it may be necessary for us to share this information with HM Revenue and Customs (HMRC), which is also obliged to share relevant information with tax authorities in other jurisdictions. Please note, each Controlling Person should complete a Self-Certification Form. In the case of trusts this may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Please complete all sections as directed. You can either photocopy this form, download and print an additional copy from octopusinvestments.com/reportingforms or call our Client Relations Team on who will send you one by post. If you have any questions about tax residence or classification, we recommend that you contact your adviser. Return your completed form and documents to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Got a question? Please speak to your adviser or call the Octopus team on info@octopusinvestments.com We can t give investment advice, but we re happy to answer questions about anything else. CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority

38 Section 1 About the Controlling Person Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Address Country Postcode Please enter the legal name of the relevant entity Account Holder(s) of which you are a Controlling Person Legal name of Entity 1 Legal name of Entity 2 Legal name of Entity 3 Page 38 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

39 Section 1 Continued Type of Controlling Person (Please only complete this section if you are tax resident in one or more Reportable Jurisdictions) Please provide the Controlling Person s Status by ticking the Entity 1 Entity 2 Entity 3 appropriate box. Controlling Person of a corporation, a partnership, a pension fund or a charity. Control by ownership Control by other means Senior managing official Controlling Person or trust. Settlor Trustee Protector Beneficiary Other Controlling Person of a legal arrangement (non-trust). A legal arrangement is any entity which is neither a legal entity (such as a company or partnership) nor a trust. Examples of a legal arrangement include, but are not limited to, unincorporated clubs and associations. Settlor-equivalent Trustee-equivalent Protector-equivalent Beneficiary-equivalent Other-equivalent Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Section 2 Tax Residency Status 2.1 Are you tax resident, or do you complete tax returns, in any country other than the UK? No please go straight to Section 3. Yes please complete the table below. 2.2 Please list the country(ies), other than the UK, in which you are resident for tax purposes. Please provide the Taxpayer Identification Number (TIN) or functional equivalent for each country(ies), or tick the relevant box if the country does not provide a TIN. Country(ies) Taxpayer Identification Number (TIN) TIN not available Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 39 of 51

40 Section 3 Declaration Investor declaration (To be completed by the Controlling Person named in Section 1,or registered Attorney(s)) Controlling Person name I declare that to the best of my knowledge and belief, the information I have provided in this form is true, correct and complete. I understand that the information contained in this form and any information about the Investor and their accounts may be reported to the tax authorities of the country in which these accounts are maintained. They may also be exchanged with tax authorities of another country or countries in which the Controlling Person is a tax resident depending on the Intergovernmental Agreements (IGAs) that are in place. Controlling Person signature Capacity (Note: If you are not the Controlling Person please indicate the capacity in which you are signing the form. If signing under a power of attorney please also attach a certified copy of the power of attorney.) Date signed DD MM YYYY Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority Page 40 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

41 OCTOPUS Tax Residency Self-Certification Form for Controlling Person Octopus Investments is required by UK law to collect information about the tax residency and tax classification status of its investors. In certain circumstances it may be necessary for us to share this information with HM Revenue and Customs (HMRC), which is also obliged to share relevant information with tax authorities in other jurisdictions. Please note, each Controlling Person should complete a Self-Certification Form. In the case of trusts this may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Please complete all sections as directed. You can either photocopy this form, download and print an additional copy from octopusinvestments.com/reportingforms or call our Client Relations Team on who will send you one by post. If you have any questions about tax residence or classification, we recommend that you contact your adviser. Return your completed form and documents to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Got a question? Please speak to your adviser or call the Octopus team on info@octopusinvestments.com We can t give investment advice, but we re happy to answer questions about anything else. CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority

42 Section 1 About the Controlling Person Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Address Country Postcode Please enter the legal name of the relevant entity Account Holder(s) of which you are a Controlling Person Legal name of Entity 1 Legal name of Entity 2 Legal name of Entity 3 Page 42 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

43 Section 1 Continued Type of Controlling Person (Please only complete this section if you are tax resident in one or more Reportable Jurisdictions) Please provide the Controlling Person s Status by ticking the Entity 1 Entity 2 Entity 3 appropriate box. Controlling Person of a corporation, a partnership, a pension fund or a charity. Control by ownership Control by other means Senior managing official Controlling Person or trust. Settlor Trustee Protector Beneficiary Other Controlling Person of a legal arrangement (non-trust). A legal arrangement is any entity which is neither a legal entity (such as a company or partnership) nor a trust. Examples of a legal arrangement include, but are not limited to, unincorporated clubs and associations. Settlor-equivalent Trustee-equivalent Protector-equivalent Beneficiary-equivalent Other-equivalent Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Section 2 Tax Residency Status 2.1 Are you tax resident, or do you complete tax returns, in any country other than the UK? No please go straight to Section 3. Yes please complete the table below. 2.2 Please list the country(ies), other than the UK, in which you are resident for tax purposes. Please provide the Taxpayer Identification Number (TIN) or functional equivalent for each country(ies), or tick the relevant box if the country does not provide a TIN. Country(ies) Taxpayer Identification Number (TIN) TIN not available Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 43 of 51

44 Section 3 Declaration Investor declaration (To be completed by the Controlling Person named in Section 1,or registered Attorney(s)) Controlling Person name I declare that to the best of my knowledge and belief, the information I have provided in this form is true, correct and complete. I understand that the information contained in this form and any information about the Investor and their accounts may be reported to the tax authorities of the country in which these accounts are maintained. They may also be exchanged with tax authorities of another country or countries in which the Controlling Person is a tax resident depending on the Intergovernmental Agreements (IGAs) that are in place. Controlling Person signature Capacity (Note: If you are not the Controlling Person please indicate the capacity in which you are signing the form. If signing under a power of attorney please also attach a certified copy of the power of attorney.) Date signed DD MM YYYY Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority Page 44 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

45 OCTOPUS Tax Residency Self-Certification Form for Controlling Person Octopus Investments is required by UK law to collect information about the tax residency and tax classification status of its investors. In certain circumstances it may be necessary for us to share this information with HM Revenue and Customs (HMRC), which is also obliged to share relevant information with tax authorities in other jurisdictions. Please note, each Controlling Person should complete a Self-Certification Form. In the case of trusts this may include; settlors, trustees and any named beneficiaries. In the case of Companies this may include: owners, managing officials, and any person who own or control more than 25% of the capital, profits or voting rights. Please complete all sections as directed. You can either photocopy this form, download and print an additional copy from octopusinvestments.com/reportingforms or call our Client Relations Team on who will send you one by post. If you have any questions about tax residence or classification, we recommend that you contact your adviser. Return your completed form and documents to: Octopus Investments Limited PO Box Chelmsford CM99 2BU Got a question? Please speak to your adviser or call the Octopus team on info@octopusinvestments.com We can t give investment advice, but we re happy to answer questions about anything else. CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority

46 Section 1 About the Controlling Person Title (Mr/Mrs/Miss/Ms/Other) First name(s) Last name Date of birth DD MM YYYY Country of birth Country(ies) of citizenship Telephone numbers Country code Telephone number Home: Work: Mobile: Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Address Country Postcode Please enter the legal name of the relevant entity Account Holder(s) of which you are a Controlling Person Legal name of Entity 1 Legal name of Entity 2 Legal name of Entity 3 Page 46 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?

47 Section 1 Continued Type of Controlling Person (Please only complete this section if you are tax resident in one or more Reportable Jurisdictions) Please provide the Controlling Person s Status by ticking the Entity 1 Entity 2 Entity 3 appropriate box. Controlling Person of a corporation, a partnership, a pension fund or a charity. Control by ownership Control by other means Senior managing official Controlling Person or trust. Settlor Trustee Protector Beneficiary Other Controlling Person of a legal arrangement (non-trust). A legal arrangement is any entity which is neither a legal entity (such as a company or partnership) nor a trust. Examples of a legal arrangement include, but are not limited to, unincorporated clubs and associations. Settlor-equivalent Trustee-equivalent Protector-equivalent Beneficiary-equivalent Other-equivalent Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Section 2 Tax Residency Status 2.1 Are you tax resident, or do you complete tax returns, in any country other than the UK? No please go straight to Section 3. Yes please complete the table below. 2.2 Please list the country(ies), other than the UK, in which you are resident for tax purposes. Please provide the Taxpayer Identification Number (TIN) or functional equivalent for each country(ies), or tick the relevant box if the country does not provide a TIN. Country(ies) Taxpayer Identification Number (TIN) TIN not available Octopus Inheritance Tax Service Trust Transfer Pack Questions? Page 47 of 51

48 Section 3 Declaration Investor declaration (To be completed by the Controlling Person named in Section 1,or registered Attorney(s)) Controlling Person name I declare that to the best of my knowledge and belief, the information I have provided in this form is true, correct and complete. I understand that the information contained in this form and any information about the Investor and their accounts may be reported to the tax authorities of the country in which these accounts are maintained. They may also be exchanged with tax authorities of another country or countries in which the Controlling Person is a tax resident depending on the Intergovernmental Agreements (IGAs) that are in place. Controlling Person signature Capacity (Note: If you are not the Controlling Person please indicate the capacity in which you are signing the form. If signing under a power of attorney please also attach a certified copy of the power of attorney.) Date signed DD MM YYYY Octopus-Ops-tax-residency-controlling-person-form-retail-CAM Octopus Investments Limited is authorised and regulated by the Financial Conduct Authority Page 48 of 51 Octopus Inheritance Tax Service Trust Transfer Pack Questions?