f t s e I n c o m e p l a n

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1 ftse Income plan

2 contents page FTSE Income Plan a quick review 2 How does the Plan work? 3 Counterparty Risk 3 Compensation Arrangements 3 How is the Fixed Income payable? 4 How is the Capital Return Calculated? 4 How is the Total Return Calculated? 5 What is the FTSE100? 5 What should I consider before investing? 6 How can I invest? 7 How is the Plan taxed? 8 What are the charges? 8 Other questions I should know the answer to 9 Why Meteor? 11 Why Barclays? 11 Is the product right for me? 12 Additional Information 13 Some technical terms explained 16 How do I invest 17 Terms and Conditions 19

3 ftse Income plan - a QuIcK review This six-year investment is designed to provide a fixed annual or monthly income, with the capital return based on the performance of the FTSE100 Index ( the Index ). Income is not dependent on the performance of the Index and is payable at the rate of: n 7% per annum or n 0.574% monthly. The FTSE Income Plan ( the Plan ) provides a full return of capital in addition to the income paid, provided that the Index does not fall by over 50% at close of business on any day during the investment term. If the barrier of 50% is breached then capital will be at risk if, at maturity, the Index has not recovered back to the Opening Level. In this event there will be a capital loss at the rate of 1% for each 1% the Index finishes below its Opening Level. KeY dates OFFER PERIOD: to 26th June 2009 (ISA transfers 19th June 2009) START DATE: 30th June 2009 FINAL LEVEL: 30th June 2015 MATURITY DATE: 15th July 2015 METEOR FTSE INCOME PLAN 29/05/09 2

4 how does the plan WorK? The FTSE Income Plan is designed to provide a rate of income which is fixed throughout the investment term, together with the capital return which is based on the performance of the FTSE100. Income is payable at the rate of 7% per annum or 0.574% per month. The capital return at maturity will only be affected in extreme circumstances where the FTSE closes at below 50% of its Opening Level throughout the investment period. In this event, there would be a capital loss which would be 1% for every 1% fall that the FTSE finishes below the Opening Level. Should the Index recover back to the Opening Level by maturity then no capital loss will occur (see page 4 for examples). counterparty risk When you invest in the Plan, we will use your money to acquire, on your behalf, preference shares in a Guernsey Protected Cell Company, which will in turn purchase notes issued by Barclays Bank Plc ( Securities ) which are designed to have the characteristics required to achieve the investment objectives of the Plan. Barclays Bank Plc is a major financial institution with a current credit rating of AA- by Standard and Poor s. As with any similar investment the security of your Plan depends on the security of the financial institution. If Barclays Bank Plc were to fail to meet the repayments due you could lose some, or all, of your investment. All references to the credit rating are correct as at the date of this brochure. compensation arrangements We are covered by the Financial Services Compensation Scheme (FSCS) and you may be entitled to compensation from the FSCS in the unlikely event that we are declared to be in default. In the event that the financial institution that we deal with on your behalf is declared to be in default you will not, for that reason alone, be entitled to compensation. You should be aware that whether you are eligible to make a claim under the FSCS will depend on various factors and that there are limits to the amount of compensation the FSCS will pay. You can get further information on the FSCS from us or directly from the FSCS. (See Condition 20 of the Terms and Conditions on page 22 of this brochure). 3 METEOR FTSE INCOME PLAN 29/05/09

5 how Is the fixed Income payable? The Plan offers the choice of: annual income or monthly income 7% per annum 0.574% per month Annual payments will be credited on the 8th July each year from 2010 to 2015 (6 annual payments). Monthly payments will commence on the 8th August 2009 and will be credited on the 8th of each month up to and including 8th July In all cases, income payments will be made by BACS, directly into your nominated bank. If the income payment date falls on a weekend payment will be made on the next business day. Once you have selected the income option you require this will be fixed throughout the 6 year investment term and it is not dependent on the performance of the Index. annual income Monthly income amount invested investment route gross after basic rate Tax after Higher rate Tax gross after basic rate Tax after Higher rate Tax 7,200 ISA ,000 Direct ,000 SIPP/SASS 3, , , Any reference to Income means the fixed level of monthly or annual payments made. Should the performance of the FTSE result in a capital loss the total return of capital plus income could be less than the original amount invested (see page 5). All dividends are paid gross and should, if applicable, be declared to HMRC on your tax return. how Is the capital return calculated? The Capital Return will be based on the performance of the Index throughout the investment term and is not guaranteed. As long as the Closing Level of the Index does not fall by more than 50% below its Opening Level, you will receive back your original investment in full. No growth in the Index is required to return your capital in full. The capital return will be calculated by comparing the Opening Level with the Closing Level of the Index on any business day throughout the term. If the Index closes more than 50% below its Opening Level on any day and fails to recover back to its Opening Level by the end of the 6 year period then a capital loss will occur at the rate of 1% for each 1% that the final level of the Index is below the Opening Level. Please see page 5 for various investment scenarios. The Opening Level of the FTSE100 will be the close of business level on the 30th June The Final Level of the FTSE100 will be the close of business level on the 30th June METEOR FTSE INCOME PLAN 29/05/09 4

6 how Is the total return calculated? The table below gives some examples of the annual income payable, capital return and total returns based on various Index levels. These examples are not predictions of what we believe you might receive and do not represent the lowest return, they are designed merely to illustrate how the capital returns are calculated. FTSE performance % of opening Level Capital return income Total Index above 100% 100% 42% 142% Index above 50% 100% 42% 142% Where the index has breached the barrier at close of business on any business day throughout the term Final Level 80% 80% 42% 122% Final Level 60% 60% 42% 102% Final level 40% 40% 42% 82% Therefore you should only consider this high income product if you are prepared to accept that there is a risk to capital. in summary We will check the daily closing level of the Index and compare this to its Opening Level throughout the investment term. If the Index never falls below 50% of the Opening Level then a full return of capital will be paid, in addition to the income payments. If the Index breaches the 50% barrier and recovers back to the Opening Level no capital loss will occur. If the Index breaches the 50% barrier and the final level is at least equal to the Opening Level no capital loss will occur. If the Index breaches the 50% barrier and fails to recover back to the Opening Level then a capital loss will occur based on the difference between the Final Level versus the Opening Level (see above for examples). What Is the ftse100? There are now many Indices from lots of organisations, all of which are designed to convey to the world how different markets are performing. The most well known of these in the UK is the FTSE100. The FTSE100 is made up of the 100 largest UK companies by market capitalisation who operate across the whole market place including banking, oils, pharmaceuticals, mining, and retail and include companies such as Barclays, BP, Glaxo, RioTinto and Marks & Spencer. The Index is based on market capitalisation and is a capital value only Index, i.e., it does not make any allowance for reinvestment of dividends. Whilst over the long term it has been shown that equities and investment returns linked to equities have outperformed most other forms of investment they always involve greater short-term risk than cash. In addition it is important to remember that the value of stock market investments, such as shares, can and do fall, as well as rise (*See page 6). 5 METEOR FTSE INCOME PLAN 29/05/09

7 What should I consider before investing? You must appreciate that your investment return is capped Should the Index rise by the end of the term, you will still only receive back the fixed income payments and your return of capital. You need to understand the risks Whilst this investment is capital protected at maturity provided the close of business level of the Index has not fallen more than 50% from its Opening Level on any day throughout the investment term, you need to accept that there is a risk to your capital. This would occur if the level of the Index falls more than 50% and fails to recover back to the Opening Level by 30th June 2015 (see page 5 for examples). You need to be aware that access to your money will be restricted You should only invest in the Plan if, at the outset, you believe that you will not need to access your capital for the full six-year term. Should you need your money prior to the maturity date, this can be obtained but it is unlikely that you will receive back the full amount you originally invested. Whether you require capital growth As this Plan is designed to provide a fixed income, it is not appropriate if you want to invest for capital growth. The effect of inflation You need to take account of the fact that inflation will have reduced the real value of the capital you receive at maturity. Whether you have other savings and investments As long as you are prepared to accept the investment risks this Plan should only be considered as part of your investment portfolio. You should have savings that you can access immediately and without penalty to meet any emergency cash needs during the investment term. *Disclaimers The Plan is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ( FTSE ), the London Stock Exchange Limited ( the Exchange ) or by the Financial Times Limited ( FT ) and none of the FTSE, the Exchange or FT makes any warranty or representation whatsoever, either expressly or implied, either as to the result to be obtained from the use of the index and/or the figure at which the said Index stands at any particular day or otherwise. The FTSE index is compiled and calculated by FTSE. However, none of the FTSE, the Exchange or the FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index nor shall they be under any obligation to advise any person of any error or omission therein. FTSE is a trademark of the Exchange and FT and is under licence. METEOR FTSE INCOME PLAN 29/05/09 6

8 how can I Invest? Investment may be made through the following investment routes: direct investment (minimum 10,000) This Plan may be held directly by an individual, jointly (in equal proportions), or on behalf of a child under the age of 18. pension funds (minimum 10,000) The trustees, subject to the terms of your scheme, can hold this Plan as a permitted investment within any type of pension arrangement, including a SIPP and SSAS. companies/charities (minimum 10,000) This Plan may be held by either a company or charity, subject to relevant articles of association permitting such an investment. individual savings accounts (isa) - 7,200 The Plan may be held as a stocks and shares ISA, which is a tax free savings account. The annual ISA allowance is currently 7,200 so to invest in this Plan you should not have invested into another stocks and shares lsa or a cash ISA for the current tax year 2009/2010. isa transfers You can transfer any number of existing ISA investments into this Plan. Cash ISAs may be transferred into stocks and shares ISAs (but not vice versa). all applications are available at time line ISA Deadline 19th June 2009 Strike Date 30th June 2009 Closing Level 30th June 2015 Offer Period closes 26th June 2009 Maturity Date 15th July METEOR FTSE INCOME PLAN 29/05/09

9 how Is the plan taxed? Please note that the information contained in this brochure is based on our understanding of rates of tax, current legislation, regulations and practice, which are likely to change in the future. Income is derived from an offshore dividend. Income from ISA investments is completely tax-free. Income in respect of pension arrangements would also be free from any additional tax liability. For direct investments income is paid net of the offshore dividend tax credit. If you are a basic rate taxpayer, or do not pay tax, you should not have any further liability for tax. Higher rate tax payers will have a liability of 32.5% - the tax credit reduces the effective rate of tax to 25%. For those earning over 150,000 in 2010/11 the new top rate of 42.5% will apply - the tax credit will reduce this to an effective rate of 36.11%. What are the charges? We will buy the Securities at an agreed price that covers all of the establishment and administration costs, the fees and expenses payable to ourselves and each of the financial institutions involved in the provision of the Securities and also the cost of any commission we pay to authorised Financial Advisers. Further information is available on request. The total charges over the full 6 year term will be up to a maximum of 6%. METEOR FTSE INCOME PLAN 29/05/09 8

10 other QuestIons I should KnoW the answers to We hope that the preceding pages have helped you to understand what the Plan is and how it works. We have set out below answers to some questions you may have in mind. Please read this section carefully, along with the Additional Information and the Terms and Conditions that follow. The Terms and Conditions explain the terms on which we will administer the Plan. what is my commitment? To keep your money invested for the six-year term of the Plan. what are the risks involved with investing? n The investment return is limited to the total income payable. Therefore, if the Index is higher, you will not receive the benefit of any growth. n The payment of the capital return will depend on the closing level of the Index on the final measurement date, as set out in the How is the Capital Return calculated? section on pages 4 and 5. n It is possible that you could lose some, or all, of the amount you invest. The capital return will only be affected if the closing level of the Index has fallen by more than 50% from its Opening Level on any business day up to 30th June 2015 and not recovered back to its Opening Level by that date. Please see the How is the Capital Return Calculated? and How are the Total Returns Calculated? sections on pages 4 and 5. n If your circumstances change and you need to withdraw your investment early we will have to sell your securities back to the Issuer and the value will depend on the price they are prepared to pay. You will also have to pay an administration charge. n The securities you purchase will be issued by Barclays Bank, which has a current credit rating from Standard and Poor s or a similar rating agency, of at least AA-, which denotes high financial strength. However, you must be aware that if it were unable to meet its obligations, you could lose some or all of your investment. n If you tell us that you want to cancel your investment after we have bought the securities you will only get back the value of the securities when we sell them, which is likely to be less than your original investment. n The values of any tax reliefs will depend on your individual circumstances. You should note that the levels and bases of taxation could change in the future. what are the risks of transferring my isa? n Your existing ISA must be transferred in cash, which means that your existing Plan Manager will sell your investment holdings. n Your existing Plan Manager may charge you an exit or transfer fee. There is the potential for loss of income or growth if markets should rise while your transfer remains pending. n Please note that to ensure your funds are received from your existing Plan Manager in a timely manner, we will not normally accept ISA transfer applications after 19th June METEOR FTSE INCOME PLAN 29/05/09

11 what happens to my money? The money that you invest will be used to buy appropriate securities that are designed to provide the capital and investment returns explained in the brochure. The terms of the Securities are fixed at outset so there is no ongoing investment management. what happens to my money prior to the investment date? Upon receipt of cleared funds any money received during the offer period will be invested on deposit in our client account and attract interest (see our website for details) subject to a minimum interest being earned of 10 up until the purchase date of 30th June 2009, at which time the funds will be used to buy additional Securities on your behalf. how much will any advice cost? If you receive advice from an independent Financial Adviser, he or she will tell you how much the advice will cost. Even if you do not receive any advice we may pay commission to the independent Financial Adviser who introduces the business to us. The payment of commission will not affect the returns detailed in the brochure. how will You keep me informed? We will write to you to acknowledge your application within five working days. With the letter we will send you a summary of your investment and a notice of cancellation. Shortly after the start date we will send you details of the Securities you have bought. We will send you an annual statement showing the position as at the anniversary date each year your Plan is in force. You can, however, check the current indicative price of the Securities at any time by looking at our website can i change my mind about investing? Yes, you can. When we acknowledge your application we will send you a Notice of Your Right to Change your Mind. You have 14 days from the day you receive this to send it back to us. If we receive this after we have bought the Securities for your investment you may get back less than you invested. If you have applied for an ISA and change your mind in the fourteen day period it should not affect your ISA entitlement for that tax year. If you have applied to transfer a or ISA from another Plan Manager and change your mind, you must tell us the name of the new Manager, or the investment will lose its ISA status. what happens to the plan if i die? If you die during the term of the Plan we will deal with your investment, as instructed by your personal representatives. We will provide a value as at the date of death and will explain the options available, which will include re-registering the Securities so that the investment can be held to maturity. If your investment is held as an ISA, it will lose its tax-exempt status from the date of death. should i see an independent financial adviser? We believe that it is important that you make sure that this investment is suitable for you. We do not provide such financial advice or guidance on tax issues and recommend that you do talk to an authorised Financial Adviser before making your mind up whether to apply. METEOR FTSE INCOME PLAN 29/05/09 10

12 WhY meteor? Meteor was established with the aim of providing investors, be they individuals or institutions, and their advisers with financial solutions designed to meet their specific needs. This can be achieved either via our standard range of products or bespoke arrangements. Whilst the make-up of these solutions is not always straightforward, we aim to make our product terms and literature as clear and easy to understand as possible. We work closely with many leading financial institutions around the world, with the objective of bringing our investors the most competitive and effective terms available. Whilst we strive to offer value for money and effective investment solutions we are also aware of the need to provide a friendly and efficient service. WhY barclays? Barclays Bank PLC is part of the Barclays Group, a major global financial services provider. With over 300 years of history and expertise in banking, Barclays operates in more than 50 countries; transferring, lending, investing and protecting money for over 27 million customers and clients worldwide. 11 METEOR FTSE INCOME PLAN 29/05/09

13 Is this product right for me? This plan is designed for those customers who want to secure a high level of fixed income and are prepared to accept a risk to part or all of their capital in return for these payments. It is important that you understand that the overall return, capital plus income, could be less than the amount invested. You should also be aware that if you do not hold this Plan for the full term, you may not get back the amount you invested. In addition, please note that as this investment is linked to a stockmarket, it is different from depositing money in a Building Society or Bank account, and access to your capital during the investment term is restricted. To help you decide if this Plan is right for you, below is a brief list of pros and cons which you should consider before investing. Yes, I wish to invest because: n I am willing to invest for a set period of time, known as the investment term; (see page 2) n I want an income from my investment n I am not likely to need access to my money during the investment term; (see page 6) n The structure of the Plan means that the Index does not have to rise to achieve a full return of capital; (see pages 3 to 5) n I know that the level of the Index can fall as well as rise; (see pages 3 to 5) n I understand that although the underlying assets within the Guernsey Protected Cell Company will be provided by Barclays Bank Plc which has a current credit rating from Standard & Poor s or equivalent rating agency of at least AA-, (as at 29/05/09) there is a chance that they may default on the payments due and this means that I may lose some, or all, of my investment, known as the counterparty risk; (see pages 3 and 9) No, I don t think I should invest because: n I am not prepared to accept any risk of loss to my capital; (see pages 3 to 5) n I don t want an investment that is linked to the performance of the FTSE100 n I may need access to my money before the end of the investment term; (see page 6) n I don t fully understand how the Plan works; (see pages 3 to 10) n I don t have any other savings or investments; (see page 6) n I want to invest for capital growth. n I am prepared and can afford to accept the investment risks; (see pages 3 to 6 and 9) n I have asked my Financial Adviser to answer any questions or queries I had. METEOR FTSE INCOME PLAN 29/05/09 12

14 Additional Information We are keen, as is the Financial Services Authority (FSA), the watchdog set up by Parliament, that you fully understand the fact that this Plan places your capital-at-risk. As you may lose some or all of the money you invest it is important that you understand and accept these risks and the possible consequences. If you don t want to risk your capital, and are prepared to accept that you may get a lower rate of return, then you will need to look at less risky, capital-secure investments for example, a savings account with a Bank or Building Society. To try and help you fully understand how capitalat-risk products work in General, set out below is a summary produced by the FSA for you to review. Should you need any further information or help once you have studied this, then we would be more than happy to assist or please feel free to contact the FSA Consumer Helpline on or at What are capital-at-risk products? These are usually share-based investments from banking, insurance or investment management firms, and can offer attractive returns. Your investment could do as well as planned, or maybe better. But if it does not, you could lose some or all of the money you put in (your capital). Capital-at-risk products usually invest in a variety of stockmarket investments such as shares or debt securities. Debt securities include corporate bonds which are loans to organisations such as companies or the government. Products that put your capital at risk include: n stockmarket based investments. These include collective investment schemes (such as openended investment companies (OEICs) and unit trusts) and investment trusts; As an alternative, you could invest directly in: n shares, and so benefit from any dividends paid; n debt securities, for which you get fixed or variable interest. The value of direct holdings of shares and other securities can change sharply down as well as up. Depending on its particular terms and conditions, the value of an investment product linked directly or indirectly to the stockmarket may have lesser, similar or greater risk. n investment bonds and funds that invest in debt securities, such as corporate bond funds; n investments linked to the performance of a stockmarket or some other factor such as a collection of shares. These are usually for a fixed number of years (the term ) and can be arranged to provide income or growth or a combination of both. 13 METEOR FTSE INCOME PLAN 29/05/09

15 How do different capital-at-risk products usually work? n stockmarket-based investments A wide range of stockmarket-based investments are available. The performance of the investments depends on the investment strategy adopted and General stockmarket conditions. The value of stockmarket-based investments can alter sharply because they are linked to the performance of the underlying shares or bonds (i.e., what your money is actually invested in). n investment bonds and funds that invest in debt securities These vary widely and include distribution bonds, with-profits bonds, unit-linked bonds and corporate bond funds. The money you invest is usually put directly into the stockmarket (in London or overseas) or into fixed, or variable-interest funds. n investments linked to an Index or other factor With some fixed-term products, repayment of the capital to the investor (in full or in part) is linked by a special pre-set formula to the performance of an Index such as the FTSE100 or maybe a combination of Indices or some other factor such as the performance of a collection of shares. We call them structured capital-at-risk products. Some offer a specified level of income over a fixed period; while others offer growth that depends on the performance of an Index or other factor (see the examples below). These products, and the risks involved, can vary widely. For example, some may involve gearing (the use of borrowing that can increase the amount you get back but will also increase the risks). Others can provide some element of capital protection. An example of a structured income product is one that offers 6% income a year for five years, but also states that if the FTSE100 Index falls at the end of this period, the capital is reduced by 2% for each 1% fall in the Index. So if, after five years, the Index fell by 25%, someone who invested 5,000 would still have received 6% income a year over the five years (a total of 1,500) but the capital would have reduced to 2,500. So you would only get 4,000 from your original investment of 5,000. An example of a structured growth product is one that offers 30% growth over five years, but also states that if the FTSE100 Index falls by more than 20% at the end of this period, then your capital is reduced by 1% for each 1% fall in the Index. So if, after five years, the Index fell by 50%, someone who invested 5,000 would still receive 30% as growth ( 1,500) but the capital would have reduced to 2,500. So you would only get 4,000 from your original investment of 5,000. What are the main risks involved with capital-at-risk products? n Your capital can fall below the amount you put in. This loss may significantly increase if the product structure involves gearing (see above); so falls in the Index to which the investment is linked can result in an even greater reduction in the capital you invested. n The rate of return advertised might be achieved only after a set period perhaps five years; you may not know until that date how well your investment has performed. n The rate of return you get may depend on specific conditions being met. Even professionals may not be able to judge accurately how likely that will be. n If you take your money out early, you may get less than you put in: for example, there may be a penalty to be paid. METEOR FTSE INCOME PLAN 29/05/09 14

16 points to think about before investing n what is the difference between a capital-at-risk product and a savings account? When you put your money in a bank or building society savings account, its original value doesn t change and you also get interest. The return will be comparatively low, which reflects the fact that you haven t risked your capital. With capital-at-risk products you may get higher returns, but you are putting your capital at risk and may end up with less than you put in. n how do i know which product to choose? Consider your financial needs carefully: how much if anything can you afford to lose? And for how long can you afford to have your money tied up? Do your homework: shop around. Don t just look at headline information, check the detail. Capital-atrisk products are not right for you if you can t afford to lose money. But if you are willing to take risks to benefit from potentially higher rewards, there are many products to look at. n what charges do i have to pay for these products? The charges vary and there may or may not be any. If there are charges, make sure you understand how they affect the value of your capital and income. Some funds deduct them from your initial investment. They may also take charges yearly, usually as a percentage of the total value of your ongoing investment. n how long will my money be tied up? With most investments you should expect to tie up your money for some time. Some capital-atrisk products offer returns if you leave your capital with them for a fixed number of years. Other investments can continue indefinitely. n can i cash in my investment? Yes, you can usually cash in. But with some products you have to pay a penalty (known as a redemption penalty) if you cash them in before the maturity date. As a rule, never tie up money you may need in the short or medium term. n if the investment period is fixed, what happens at the end of it? At the end of a fixed period your investment will mature and you should get its maturity value. But the maturity value may be reduced by charges or a final adjustment if, for example, it depends on the value of an Index. Depending on the terms and conditions of the product, you could end up losing some or all of your capital. Also, any income or growth you have received may be subject to tax. n will i get the advertised rate of return? This depends on the terms and conditions under which you have invested. Often the advertised rate merely illustrates what is possible, and is no more certain than that. 15 METEOR FTSE INCOME PLAN 29/05/09

17 complaints In the event you should wish to complain at any time about this product, or the service you have received then you may do so as summarised in the following terms and conditions. We would however draw your attention to the fact that the value of investments can shift unpredictably, and can fall as well as rise and that such a fall is not usually a valid reason for complaint. some technical terms explained bond capital collective investment corporate bond corporate bond funds debt securities distribution bonds gearing gilts, gilt-edged stock investment bonds investment trust open-ended investment rate of return shares unit-linked bond unit trust with-profits bond A form of debt issued by companies and governments to raise money. It is an agreement under which a sum is repaid to an investor after an agreed period of time. The money you invest. A way of pooling small contributions from lots of people into a single investment fund. Issued by companies when they want to borrow money. (also known as fixed interest securities) Funds that invest in a selection of individual company bonds. Another name for a bond (see definition of bond ). A type of investment bond that provides a regular income. The use of borrowing potentially to increase the amount you get back, but which will also increase the risk. Bonds issued by the government to help fund its spending. Gilts are also known as government bonds. Investment bonds are typically lump-sum investments with insurance companies that have a small amount of life assurance. A company quoted on the Stock Exchange, whose sole business is investing in stocks and shares. A type of collective investment scheme structured as a company company (OEIC) in which investors can buy and sell shares. The price of the shares is based on the value of the investments the company has invested in. The change in the value of your investment, taking into account both income and growth. A stake or share in a company. (also known as equities) A type of investment bond (see definition of investment bond ). A type of collective investment scheme set up under trust. Its portfolio of investments is unitised and investors take a stake in the fund by buying these units. The price of a unit is based on the value of the investments the trust has invested in. A type of investment bond (see definition of investment bond ). METEOR FTSE INCOME PLAN 29/05/09 16

18 below is a checklist that may help You decide if this plan is right for You How important it is to keep your capital intact? Remember that this investment is meant to be held for the long term and is not for savings you may need quickly. Remember that as this is a capital-at-risk product it should usually only form part of your total portfolio of savings and investments; and the value of such investments (and the income or growth from them) may fall as well as rise. Take advice if you are unsure whether or not an investment is right for you. Remember it s your money, and your decision as to what to do with it. Don t invest unless you fully understand what you re investing in. Don t run a risk you can t afford. how do i invest? You simply complete the appropriate application form. Before you do this you should have read the brochure thoroughly and made sure that you do understand the nature of the investment. The Suitability Considerations on Page 12 will act as a helpful reminder of the questions you should ask yourself. Once you are happy that you wish to make the investment, fill in and sign the application form. Please remember that if you are applying for an ISA we will need your NI number. Cheques should be for the full amount you want to invest and be made payable to Meteor Capital Holdings Limited Client Account. If you are sending in a building society, company or scheme cheque please make sure that it has your name in brackets after this wording. Your completed application form and cheque should be sent to your Financial Adviser or directly to us at 68 Lombard Street, London EC3V 9LJ. 17 METEOR FTSE INCOME PLAN 29/05/09

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20 TERMS AND CONDITIONS These Terms and Conditions apply to the FTSE Income Plan ( The Plan ). 1. Definitions Application Form The form that You must complete, for an ISA, Direct Investment or an investment by a pension fund, company or charity to be opened. Business Day any day other than a Saturday, Sunday, bank holiday or other UK public holiday. Direct Investment any part of the Plan that is not an ISA. ISA an Individual Savings Account set up in line with these Terms and Conditions and the Regulations. Issuer any issuer of such securities, its affiliates and Directors. Plan ISA, or Direct Investment, as described in the brochure and made up of securities (investments) and cash that we handle on your behalf. Regulations HM Revenue and Customs Regulations for Individual Savings Accounts as amended from time to time (the Regulations ). If there are any differences between the Regulations and these Terms and Conditions, the Regulations will apply. Securities The underlying qualifying investments of the Plan, arranged to provide the investments and capital returns set out in the Plan brochure. Subscription the amount(s) You pay into your Plan. We, us, our Meteor Capital Holdings Limited ( Meteor ). Meteor is authorised and regulated by the Financial Services Authority (FSA) and must follow its rules as amended from time to time ( the Rules ). If there are any differences between the Rules and these Terms and Conditions the Rules will apply. You, your the Plan holder(s) named on the Application Form. 2. Your Application a. Except where otherwise agreed with You we shall treat You as a retail customer, for the purposes of the FSA rules. b. By signing the Declaration on the Application Form You confirm that the information You have provided is accurate and complete and that You have read the Plan brochure and any accompanying information supplied by us relating to this Plan and have asked any questions you had relating to the nature of the investment. c. You must invest in an ISA with your own cash or by transferring cash from an existing ISA. We will usually arrange transfers of ISAs with the ISA Manager. These Terms and Conditions will apply to your ISA transfer as soon as we have received the cash. d. By completing the Application Form, You instruct us to choose and buy Securities that have been designed to provide the benefits of the Plan as described in the Plan brochure. e. If we have to cancel or void your ISA under the Regulations, You authorise us to hold your Securities outside the ISA as a Direct Investment. In this case the Terms and Conditions will continue to apply to your Plan as a Direct Investment. If we have to void your ISA because You are not eligible to hold it we have the right to deduct any costs or expenses we have incurred. 3. How we deal with Securities a. We will be responsible for buying and selling all securities and will carry out transactions on terms that are at least as favourable as those that we can set when dealing directly with the market maker. b. We, or our associated companies, may choose and instruct brokers or dealers (including associated companies) to buy, sell and deal in Securities for your Plan, or we may do so ourselves as licensed dealers or brokers. c. We may keep all commissions or profits arising from those transactions. Your Plan will be debited as soon as we buy investments on your behalf. We do not have to account for any interest earned pending settlements, i.e., interest we earn on cash we hold while we are waiting to pay for Securities we have bought or to pay You for Securities we have sold. d. The amount(s) we invest in Securities to be held in your Plan will not exceed the amount of cash and investments placed by You under our control. e. We will be acting as your agent in arranging to buy, or sell, these Securities. f. We will act as principal in all transactions for Planholders with the Bank. g. We may combine your order with orders of other clients when processing them. If this results in us concluding a number of transactions at different prices, all clients involved in the transactions will pay or receive the same average price. This could result in a less favourable price than if your transaction was carried out separately. We take all reasonable steps to obtain the best possible result for our customers. We take into account many factors, such as price, costs, speed, likelihood of execution and settlement size, in addition to other consideration relevant to the execution of the order, e.g. market impact. However, due to the nature of the investment the purchase and sale of securities will usually be with the asset provider, who will also be the market maker. h. If, for any reason, we are unable to purchase securities to fulfil the commitments set out in the brochure, your Subscription will be returned to You, with any interest accrued to the date of repayment. i. In the event of any issuer becoming unable to meet its obligations to repay the amounts due You may not receive the amounts your Plan has been designed to pay and You could lose some, or all, of your Subscription. j. You, or someone You nominate, can ask to see all entries in our records relating to your transactions, at any time. We will maintain these records for at least six years after the transaction date. 19 METEOR FTSE INCOME PLAN 29/05/09

21 4. Conflicts of Interest a. We take all reasonable steps to identify conflicts of interests between the Company, including our managers, employees and any person linked directly or indirectly to us, and any client of ours, and also between clients. b. Our aim is to manage any such conflicts that do arise and ensure that all customers are treated fairly. c. We have: Identified instances within its business where such conflicts are likely, or possible; Apportioned responsibility for conflict management to appropriate personnel, and Formulated a policy to manage these conflicts; Ensured that all personnel are aware of the Company s policy on conflicts and are able to identify any potential conflicts and alert senior management accordingly; Established a procedure for a regular flow of relevant management information for analysis. We will regularly review the conflict policy and to ensure that it is, and remains, suitable and appropriate our business. 5. Your right to change your mind a. You have the right to cancel your Plan within 14 days of receiving our acceptance letter and a notice of your right to change your mind. b. If we have purchased Securities for your Plan before we receive your completed cancellation request the amount You will receive may be less than the amount of your Subscription, if the price at which we sell the Securities is lower than the price You paid for them. c. If You cancel an ISA transfer application and do not tell us at that time the name of another Plan Manager You want to transfer the investment to we will turn your investment back into cash and send it to You. This means that the ISA status of the investment will no longer apply. 6. Cash held a. You may invest into the Plan only in line with the published terms. b. We hold all money belonging to clients in a designated client account. This ensures that all clients money is separate from the funds belonging to us. We do not accept any liability for default by any bank or other financial institution holding funds under these Terms and Conditions. In the event of a default on repayment any shortfall in clients monies would be apportioned on a pro-rata basis between all investors in the Plan. c. We will pay You interest on your Subscription from the date the funds are credited to the client account. We will calculate interest at a reasonable rate and credit it to You if it goes over a certain minimum which is currently 10. Interest on new Subscriptions, net of any deduction for income tax or the flat rate charge, will be rounded up to the nearest pound. d. We will use your Subscription and interest added to purchase the Securities to be held in the Plan. e. At maturity, or earlier redemption of the Securities, we will hold the proceeds in the client account, pending reinvestment of the proceeds in a new Plan with us; or the payment of the proceeds to You, or the transfer of the proceeds to a new ISA Manager. f. We will remind You periodically if we hold cash within an ISA pending reinvestment. If such cash is held for a long period the HM Revenue and Customs could void the ISA status of the investment. 7. The Plan Investments a. You will be the beneficial owner of the Securities and of any cash held in the Plan. b. We will register the Securities held in your Investment in the name of Meteor Nominees Limited. If appropriate, these will be held by our custodian, which is currently HSBC Bank plc. We are not responsible for the acts or omissions of the custodian. Meteor Nominees Limited is a totally-owned nontrading subsidiary of Meteor. It is not authorised under the Financial Services and Markets Act 2000 and we take responsibility for its acts and omissions. If We were to become insolvent, You might encounter delays in recovering the cash value of Your Investments, and an increased risk of loss. Any shortfall would be shared by all affected investors in the Plan on a pro-rata basis. c. We will hold, or arrange for the safekeeping of, any certificate or other document issued which shows title to the Securities. We will not lend documents of title to any other person and money may not be borrowed on your behalf against the security of these documents. d. Unless You tell us otherwise, we may, if the Regulations allow, make arrangements, when appropriate, to use the voting rights of your Securities. e. About a month before the Plan Investments mature we will contact You to explain the various options available to You at maturity of your Plan. 8. Charges a. The terms on which we will purchase Securities for You will reflect certain charges, fees and expenses. The total charges will be up to a maximum of 6%. This will not affect the calculation of returns described in the Plan brochure. b. We will not deduct any charges, fees or expenses from the Plan as long as it stays in force during the term of the Plan. c. If You encash your Plan before the maturity date we will deduct an administration charge of, currently, plus VAT. d. If your Plan is an ISA and You transfer its value to another Plan Manager during the term of the Plan we will deduct an additional transfer charge of, currently, plus VAT. e. We reserve the right to increase the charges set out in Conditions 8c & 8d in line with rises in the Retail Prices Index. METEOR FTSE INCOME PLAN 29/05/09 20

22 9. Taxation a. If your Plan is an ISA and You live in the UK, You will not, under current tax rules, have to pay UK Income Tax or UK Capital Gains Tax on the profit from the Plan but any losses on your Plan will be ignored for the purposes of UK Capital Gains Tax. b. If your Plan is, or becomes, a Direct Investment you may, depending on your circumstances, have to pay tax on any interest, income or dividends you receive and/or on any capital gain from selling the Plan. c. Where appropriate, we will take tax from interest that is credited to you. If you hold an ISA you should note that a flat-rate charge will be deducted from any interest earned on your cash balance and we will also account for this to HM Revenue and Customs. d. The taxation information in this Condition is based on our understanding of current tax legislation, regulation and practice. Such tax legislation, regulation and practice are subject to Government legislation and may change in the future. 10. Keeping You informed a. We will send You an acknowledgement of your Application Form within five working days of receipt. b. We will send You an Initial Transaction Statement setting out details of the purchase of Securities for your Plan, shortly after they have been purchased. c. We will give You a report and valuation of your Plan at yearly intervals, as set out in the brochure. d. You can contact us by telephone, , fax or letter for any other information You want on the Plan. e. We will be able to provide You with information over the telephone after successful completion of Our verification of identity procedures, which may include the need to provide one or more characters from Your confidential password and/or the provision of personal information, from which We can identify You. f. You can obtain information on your investment by accessing our web-based service. When You elect to use the service We will send you a password by and username by post. You should use these to enter the secure client section of the website and once in the site You can change either or both of these. g. If You ask we will send You any information we issue to holders of the securities in which You invest. If You ask us to we will invite You to vote at meetings. If You want to go to meetings in person, we will try to arrange this. We have the right to make a reasonable charge for providing these extra services. h. We may provide all information and correspondence in electronic format via and/or web services. We may also offer alternative media for information and correspondence from time to time. 11. Transfers a. You have the right to transfer your ISA to another ISA Manager, as appropriate, at any time and should advise of this in writing. b. If You choose to transfer before to the maturity date of the Plan, as defined in the Plan brochure, we will carry out the sale of the Securities You hold as set out in Conditions 12a & 12b. We will deduct from the sale proceeds the charges outlined in Condition 8c & 8d before payment to the new ISA Manager. c. You cannot transfer part of the Securities You hold in your Plan. 12. Closing your Plan a. You may close your Plan at any time by giving us your written instructions. This will not affect any transactions we have already started to carry out. We will sell the securities at the next dealing date and issue payment for the net proceeds. We will usually carry out this procedure within 28 business days. b. The value of your Securities will be dependent on the market price of your holdings at the date of sale. The price will be quoted by the market maker and will reflect the limited market in the Securities. The market maker reserves the right to cease to make a secondary market if market conditions or its corporate circumstances materially change. c. Before You close or transfer your Plan prior to maturity You should consider that the Plan is designed to be held for the full investment term. d. We may end your Plan at any time in writing, by giving You notice. This will not affect any transactions we have already started to carry out. e. Once this agreement has ended, we will not carry out any transactions, except to allow us to pay the proceeds of the Securities in accordance with your instructions. 13. Death a. If You die during the term of the Plan we act on the instructions of your personal representatives. b. We will confirm the value of the Securities as at the date of death and will advise your personal representatives of our requirements. c. If they elect to do so they are able to re-register the ownership of the Plan and hold it to the maturity date. d. If your Plan is an ISA it will cease to be exempt from tax from the date of death. 14. Prevention of money laundering a. We may carry out electronic checks on your identity before we can accept an application from You or prior to selling securities on your behalf. This is so that we can be sure that we are taking instructions only from the correct person. This enables us to comply with the UK Money Laundering Regulations and the Rules and is for your protection. In completing an application you give us permission to obtain such information. b. It might be necessary for us to ask You for, and for You to provide, more information as part of this process. 15. Providing information to the HM Revenue and Customs a. You authorise us to give the HM Revenue and Customs all relevant details of your ISA which they may reasonably ask for at any time. b. We will tell You if your ISA has or will become invalid. 16. Communications and unwanted calls a. We will usually only communicate with and report to You in writing. b You give us permission to communicate by or to phone You if we need to do so but only at a reasonable hour. 21 METEOR FTSE INCOME PLAN 29/05/09

23 17. Corporate and Trustee Planholders a. If You are a company or corporate trustee You confirm that: You have the corporate authority to make a Subscription. By making a Subscription You do not breach any of Your constitutional documents. You have provided an up-to-date list of signatories. b. You agree to give us any documents and information that we ask for in support of your application. c. If You are a trustee You confirm that: You are an authorised trustee of the relevant trust. You have the authority and consent to make a Subscription. By making a Subscription You do not breach the constituting trust documents. You have provided an up to date list of trustees and signatories. d. You agree to give us any documents and information that we ask for in support of your application. 18. Liability a. We will use reasonable care and skill to carry out the obligations set out in these Terms and Conditions and will be liable to You only for any negligence or deliberate fraud on our part, or that of any associated companies or any employees of one or more of those companies, if a Rule or a Regulation is broken. We will not be liable to You or have any responsibility for any loss or damage You suffer as a result of any event or circumstance that is not reasonably within our control. We will not be liable to You for any act or fraud by any person, firm or company through or with whom transactions are carried out on our behalf (other than any bankers, firms, companies or any employees of companies who are associated companies). b. We will not be liable or have any responsibility of any kind for any loss or damage You suffer as a result of any failure, interruption or delay in carrying out our obligations resulting from: Breakdown or failure of any telecommunications or computer service; Industrial disputes; Failure of other people to carry out their obligations; Acts of governments or international authorities; Any other event or circumstance that is not reasonably within our control. c. We maintain insurance cover to indemnify clients against (among other things) any of our employees dishonestly using funds or shares or other qualifying investments. 19. Complaint Handling You may complain to the Compliance Officer about any aspect of your dealings with us, at the address shown within the brochure. If You ask us to we will send You written details of how we will deal with your complaint. If You are not satisfied with the way we have dealt with your complaint You can complain to the Financial Ombudsman Service at South Quay Plaza II, 183 Marsh Wall, London E14 9SR. Making a complaint will not affect your right to take legal action. 20. Access to the Financial Services Compensation Scheme a. We are covered by the Financial Services Compensation Scheme and You may be entitled to compensation from the scheme if we cannot meet our obligations. b. You may also be entitled to compensation from the FSCS in the event that the financial institution that we deal with on your behalf is declared to be in default. Whether you are eligible to make a claim under the FSCS will depend on various factors, including the size of the relevant investment and the laws and regulations applicable to the relevant financial institution (which may vary depending on where they are based). c. Your entitlement would depend on the type of business and the circumstances of the claim. Most types of investment business are covered for 100% of the first 30,000, and 90% of the next 20,000, so the maximum compensation is 48,000 d. You can get more information about compensation arrangements from the Financial Services Compensation Scheme. e. If the performance of the investments does not match any illustrated benefits, You will not, for that reason alone, be entitled to any compensation under the Financial Services Compensation Scheme. 21. Governing law a. This Agreement will be governed by English law and will come into force when we receive your signed Application Form for an Investment. 22. Enforcement a. If any of these Terms are held to be unenforceable this shall not affect the validity and enforceability of the remaining provisions. The unenforceable provision will be replaced by an enforceable provision which comes closest to the intention underlying the unenforceable provision and which is of similar economic effect. b. If we fail, or choose not to, enforce any provision of these Terms and Conditions this will not constitute a waiver of our right to subsequently enforce such provision or any other provision of these Terms. c. None of our employees, officers or agents may verbally alter, modify or waive any provision of these Terms and Conditions. 23. Data Protection statement a. We may hold personal and financial information on computer and manual systems and use this to handle and service your investment and to put together statistics for assessment and analysis. b. We may make your personal and financial information available: To Associated Companies (as defined in Section 416 of the Income and Corporation Taxes Act 1988) to process this application (we or they may contact You by mail, phone or with products or services that may interest You); To your Financial Adviser by or other means, including a secure internet service; As we are obliged to under the requirements of any law, regulation or court order that we must follow; To You if You ask and in line with the Data Protection Act Amendment to these Terms and Conditions We may vary these Terms and Conditions from time to time by giving You at least one month s notice of such change. We will only make changes for good reason including but not limited to: Making them clearer and more favourable to you; Reflecting legitimate increases or reductions in the cost of providing the service to You; Providing for the introduction of new systems, services, changes in technology and products; Rectifying any mistakes that may be discovered in due course; Reflecting a change of applicable law or regulation Any amendment which is made to reflect a change of applicable law or regulation may take effect immediately or otherwise as We may specify. METEOR FTSE INCOME PLAN 29/05/09 22

24 23 METEOR FTSE INCOME PLAN 29/05/09

25 FTSE Income Plan APPLICATION FORM For extra applications (for example, for your husband, wife, partner or friend), simply photocopy this form or download a copy from our website Your details Title (Mr, Mrs, Miss, Ms): Surname: Full first names: Permanent home address: Date of birth: Postcode: Phone number: Country: address: For joint applications in direct investments only, please fill in the details of the joint application here. Title (Mr, Mrs, Miss, Ms): Surname: Full first names: For direct investments only, on behalf of a child (not aged 18 or over), please fill in the child s name here. Full name: Date of birth: 2. National insurance number Do you have a National Insurance (NI) number?: Yes No If Yes, please write it here. You should be able to find your NI number on a payslip, form P45 or P60, letter from the Inland Revenue, letter from the Benefits Agency, or pension order book. 1st Applicant Date of birth: 2nd Applicant 3. Country of residence for tax purposes Country: 4. Investment Details Direct Investment: Annual Monthly (minimum 10,000) ISA 2009/2010 ( 7,200): Annual Monthly Total Investment: Cheques should be made payable to Meteor Capital Holdings Limited Client Account. If you are sending us a building society cheque, it should be payable to Meteor Capital Holdings Limited Client Account (ref: your name). If you send money by telegraphic transfer, the details you require are: Meteor Capital Holdings Limited Client Account, HSBC Bank plc, P.O. Box 105, 33 Park Row, Leeds LS1 1LD. Sort code: Account number: Please complete the details below and ensure that they are correct: Bank/Building Society: Address: Postcode: Account name: Account no: Sort code: - - Building Society Ref. or Roll No: 5. Provision of Information For security purposes, please provide us with a password so we can give you information over the phone: Please indicate if you would like access to our web-based services Yes No (if so, please make sure you have provided your address in 1. above) Meteor Capital Holdings Limited, 68 Lombard Street, London EC3V 9LJ Tel: Fax: Web: Authorised and regulated by the Financial Services Authority. FSA No:

26 6. Have you received financial advice? We recommend that all customers seek financial advice to help establish whether this investment fits with their circumstances and financial objectives. Have you received financial advice relating to this investment? Yes, I have received advice from (name of firm) No, I haven t received financial advice. If you have received advice, please proceed to Section 7. If you have not taken financial please answer the following questions so that we can assess whether the plan is appropriate for you. 1. Please indicate if you have ever held Any investment where the capital and investment returns are variable and are based on the performance the underlying securities, such as equities, commodities, indices, corporate bonds A FTSE Income Plan (a fixed term investment such as the one you are applying for) 2. Do you understand that that the amount of any investment return and the return of capital at maturity will depend on the performance of your investment and you may get back less than your original investment at maturity? Yes No 3. Do you understand that the plan is designed to be held for the full investment term and if you were to cash in early the amount you receive would depend on the value of the investment at the date of sale and that this value could be less than the amount you invested? Yes No 4. Have you re-read the Is this product right for me page of the brochure to make sure that you are happy that all of the yes statements relating to the nature of the investment are appropriate to you? Yes No 7. Declaration and authority Applicable to Direct Investment Applicants only: I declare I am 18 years of age or over and that I am not, or acting on the behalf of, a resident of the United States; and that I will not assist any person who is so resident to acquire securities in the Plan. Further I agree to inform you immediately should I become a resident of the United States. I confirm adherence to the requirements contained in the Terms and Conditions. Applicable to all ISA Applicants: I declare that: 1. All subscriptions made, and to be made, belong to me; 2. I am 18 years of age or older; 3. I have not subscribed and will not subscribe more than 7,200 in total to a cash ISA and a stocks and shares ISA in the same tax year that I subscribe to this stocks and shares ISA; 4. I have not subscribed and will not subscribe to another stocks and shares ISA in the same tax year that I subscribe for this stocks and shares ISA; 5. I am resident and ordinarily resident in the United Kingdom for tax purposes or, if not so resident, perform duties which, by virtue of section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or, am married to, or in a civil partnership with, a person who performs such duties, and I will inform Meteor Capital Holdings Limited immediately if I cease to be so resident and ordinarily resident or to perform such duties, or be married to, or in a civil partnership with, a person who performs such duties; 6. I will inform Meteor Capital Holdings Limited without delay of any change in my circumstances affecting any of the information in this form. For all Applicants: I authorise Meteor Capital Holdings Limited: 1. to hold my cash subscription, Direct investments, ISA investments, interest, dividends and other rights or proceeds in respect of those investments and any cash or other proceeds; 2. to make on my behalf any claims to relief from tax in respect of ISA investments. I have read the relevant product brochure and Terms & Conditions and accept the terms under which my investments will be managed. I declare that this application form has been completed to the best of my knowledge and belief. I understand that Meteor Capital Holdings Limited does not provide investment advice and confirm that I either do not require such advice or have received advice on this investment from an independent Financial Adviser as shown above. Signature: Date: 2nd signature: Date: Note: When you have filled in and signed this application form, please return it to your Financial Adviser or to Meteor Capital Holdings Limited, 68 Lombard Street, London EC3V 9LJ. For Financial Adviser s use only Financial Adviser: FSA number: Name of adviser: Prevention of money laundering I can confirm that I have carried out the appropriate identity checks and attached the Verification of Identity Certificate. I have enclosed signed copies of the documentary evidence with this certificate. I have seen the original documents and any that need a signature were already signed. Signed on behalf of the above:

27 FTSE Income Plan Transfer Application Form You need to use a separate application form for each ISA you want to transfer. You may photocopy this form for your husband, wife, partner, friend to use, or for further ISA transfers. 1. Your details Title (Mr, Mrs, Miss, Ms): Surname: Full first names: Date of birth: Permanent home address: Postcode: Phone number: Country: address: Plan Name: Approximate transfer value: Please complete the details below and ensure that they are correct: Income frequency: Annual Monthly Bank/Building Society: Address: Account name: Account no: Sort code: - - Building Society Ref. or Roll No: Postcode: 2. National insurance number Do you have a National Insurance (NI) number?: Yes No If Yes, you must write it here. You should be able to find your NI number on a payslip, form P45 or P60, letter from the Inland Revenue, letter from the Benefits Agency, or pension order book. 3. Provision of information For security purposes, please provide us with a password so we can give you information over the phone: Please indicate if you would like access to our web-based services (if so, please make sure you have provided your address in 1. above) Yes No 4. Have you received financial advice? We recommend that all customers seek financial advice to help establish whether this investment fits with their circumstances and financial objectives. Have you received financial advice relating to this investment? Yes No I have received financial advice from. (name of firm) If you have received advice, please proceed to Section 5. If not, please answer questions overleaf. Existing ISA transfer request Title (Mr, Mrs, Miss, Ms): Surname: ISA Number: Type of account: stocks and shares cash Full first names: Date of birth: Sort Code: Name of investment: (Cash ISA only) N.I. number Permanent home address: Postcode: N.B. Under ISA Regulations only whole transfers of current year subscriptions and interest can be accepted. For partial transfers indicate the amount to be transferred 1. Have you subscribed to your current ISA in the current tax year? Yes No 2. Do you wish to: Close your account and transfer the balance plus interest? Yes No if no Transfer your current year subscription as part of the transfer? Yes No Transfer your current year subscription only? Yes No Meteor Capital Holdings Limited, 68 Lombard Street, London EC3V 9LJ Tel: Fax: Web: Authorised and regulated by the Financial Services Authority. FSA No:

28 If you have not taken financial please answer the following questions so that we can assess whether the plan is appropriate for you. 1. Please indicate if you have ever held Any investment where the capital and investment returns are variable and are based on the performance the underlying securities, such as equities, commodities, indices, corporate bonds A FTSE Income Plan (a fixed term investment such as the one you are applying for) 2. Do you understand that that the amount of any investment return and the return of capital at maturity will depend on the performance of your investment and you may get back less than your original investment at maturity? Yes No 3. Do you understand that the plan is designed to be held for the full investment term and if you were to cash in early the amount you receive would depend on the value of the investment at the date of sale and that this value could be less than the amount you invested? Yes No 4. Have you re-read the Is this product right for me page of the brochure to make sure that you are happy that all of the yes statements relating to the nature of the investment are appropriate to you? Yes No 5. Declaration and authority 1. I instruct the ISA Manager to sell my existing ISA assets in accordance with the ISA transfer request forms, and transfer the amounts realised to Meteor Capital Holdings Limited to invest in the relevant product. 2. I authorise the ISA Manager to hold my cash subscriptions, Plan investments, interest, dividends and any other rights or proceeds in respect of those investments and any other cash and to make on my behalf any claims to relief from tax in respect of Plan investments, and on my written request to transfer or pay to me, as the case may be, Plan investments, interest, dividend rights or other proceeds in respect of such investments or any cash. 3. I declare that the information given in this declaration is true and correct to the best of my knowledge and belief and that I will inform the ISA Manager without delay of any change in my circumstances affecting any of the information in this form. 4. I declare that I have read the brochure and Terms and Conditions and I agree to the Terms and Conditions under which my investment will be managed. I understand that Meteor Capital Holdings Limited does not provide investment advice and confirm that I either do not require such advice or have received advice on this investment from an independent Financial Adviser as shown above. Signature: Date: Note: When you have filled in and signed this application form, please return it to your Financial Adviser or to Meteor Capital Holdings Limited, 68 Lombard Street, London EC3V 9LJ. For Financial Adviser s use only Financial Adviser: FSA number: Name of adviser: Prevention of money laundering I can confirm that I have carried out the appropriate identity checks and attached the Verification of Identity Certificate. I have enclosed signed copies of the documentary evidence with this certificate. I have seen the original documents and any that need a signature were already signed. Signed on behalf of the above: Existing ISA transfer request continued Name of existing ISA Manager: Address: Postcode: Telephone No: Any special instructions: In respect of the ISA Account detailed overleaf I authorise my existing ISA Manager (as specified opposite) to 1. Transfer the cash value of the ISA together with any interest, dividends, rights and cash within the account, or the amount specified, as appropriate, to Meteor Capital Holdings Limited. 2. Provide Meteor Capital Holdings Limited with any information, written or non-written, and to accept any instructions from them relating to the transfer. 3. Ensure that all dividends, interest & tax credits arising after the transfer are paid to me 4. a) Proceed immediately with the transfer and, where a period of notice is required for closure/part transfer, apply any consequential penalty (delete as appropriate); OR b) Proceed with the transfer only after the full notice period has expired (delete as appropriate) Signature: Date:

29 1 FTSE Income Plan Trustee Application for Pension Schemes PLEASE COMPLETE THIS FORM USING BLOCK CAPITALS IN BLUE OR BLACK INK Scheme details Proposers: (The Trustee(s)) Scheme Name: Scheme Reference No: Name of administrators: Address for correspondence: Type of pension scheme: (please tick one box below) An occupational scheme which is not a small self-administered scheme: A small self-administered scheme (SSAS): A self-invested personal pension scheme (SIPP): HMRC scheme reference number: Please add any other relevant information below: Postcode: Contact name: 2 Contact tel no: Investment Details Please indicate the Plan(s) required and the amount you wish to invest. Please ensure the exact Plan name and any investment and if applicable income option is entered below. Name of Meteor Plan(s) Option - Annual or monthly income Amount to be invested FTSE Income Plan Total investment Cheques should be made payable to Meteor Capital Holdings Limited Client Account. If you are sending us a building society cheque, it should be payable to Meteor Capital Holdings Limited Client Account (ref: your name). If you send money by telegraphic transfer, the details you require are: Meteor Capital Holdings Limited Client Account, HSBC Bank plc, P.O. Box 105, 33 Park Row, Leeds LS1 1LD. Sort code: Account number: Please complete the details below and ensure that they are correct: 3 Bank/Building Society: Address: Postcode: Provision of Information For security purposes, please provide us with a password so we can give you information over the phone: Account name: Account no: Sort code: - - Building Society Ref. or Roll No: 4 Please indicate if you would like access to our web-based services Yes No (if so, please make sure you have provided your address in 1. above) Have you received financial advice? We recommend that all customers seek financial advice to help establish whether this investment fits with their circumstances and financial objectives. Have you received financial advice relating to this investment? Yes, I/We have received advice from (name of firm) No, I/We haven t received financial advice. If you have received advice, please proceed to Section 5. If you have not taken financial advice please answer the following questions so that we can assess whether the plan is appropriate for you. 1. Please indicate if you have ever held Any investment where the capital and investment returns are variable and are based on the performance the underlying securities, such as equities, commodities, indices, corporate bonds A FTSE Income Plan (a fixed term investment such as the one you are applying for) 2. Do you understand that that the amount of any investment return and the return of capital at maturity will depend on the performance of your investment and you may get back less than your original investment at maturity? Yes No 3. Do you understand that the plan is designed to be held for the full investment term and if you were to cash in early the amount you receive would depend on the value of the investment at the date of sale and that this value could be less than the amount you invested? Yes No 4. Have you re-read the Is this product right for me page of the brochure to make sure that you are happy that all of the yes statements relating to the nature of the investment are appropriate to you? Yes No Please read and complete the declaration overleaf...

30 5 Authorised signatures The exercise of any options under the Terms and Conditions of the Plan must be authorised by the requisite number of authorised signatories or, where a number is not stipulated, by at least one authorised signature. Please provide the names and sample signatures of all those who will be Authorised Signatories. If you require more than five, please continue on a separate sheet of paper. Where there is any change to the Authorised Signatories, please notify Meteor Capital Holdings Limited in writing giving the date of the change (Meteor Capital Holdings Limited will be entitled to rely on the previous list until it is informed to the contrary). Signed: Name: Date: Signed: Name: Date: Signed: Name: Date: Signed: Name: Date: Signed: Name: Date: 6 Declaration 1. I/we apply as Trustees/Authorised Parties for the Plan(s) indicated in Part 2 above to be issued on Meteor Capital Holdings Limited standard Terms and Conditions or special Terms and Conditions appropriate to my/our investment. If any amendment to the standard Terms and Conditions shall apply to my/our investment, Meteor Capital Holdings Limited will notify me/us of any such Terms and Conditions before proceeding with the acceptance of the application. 2. I/we confirm that a) my/our powers of investment, and delegation of those powers, permit me/us to invest the assets of the Scheme, or part of them not less than the part which I/we propose to invest, in the Plan(s) now applied for; b) the investing scheme is a registered pension scheme under Part 4 of the Finance Act 2004 (or an application for its registration has been made) and I/we undertake to advise Meteor Capital Holdings Limited immediately if it ceases to be a registered pension scheme or if its application for registration is withdrawn or refused: 3. I/we authorise the Board of the Inland Revenue to tell Meteor Capital Holdings Limited if the Scheme is not granted exempt approval or if that approval is withdrawn. 4. I/we understand and agree that any investments in the Plan(s) will be allocated in accordance with my/our instructions to Meteor Capital Holdings Limited (which includes any set out in the Investment Details section of this application). 5. This application and the Terms and Conditions referred to in 6.1 shall form the basis of the contract between me/us and Meteor Capital Holdings Limited. I/we acknowledge receipt of the Terms and Conditions, further copies of which are available on request. 6. I/we confirm that the information given in the application, whether in handwriting or not, is true and complete. i/we have read the relevant Product Literature and Terms & Conditions and accept the terms under which my/our investment(s) will be managed. i/we declare that this application form has been completed to the best of my/our knowledge and belief. i/we understand that Meteor Capital Holdings Limited does not provide investment advice and confirm that I/we either do not require such advice or have received advice on this investment from an independent Financial Adviser. For and on behalf of the Trustees of the Scheme: Signed: Name: Signed: Name: Date: For Financial Adviser s use only Financial adviser: Signed on behalf of the above: Prevention of money laundering I/We confirm that I/we have completed the appropriate verification of identity checks and attach the Verification of Identity Certificate*. Certified copies of the underlying documentary evidence are enclosed with this certificate. I/We have sighted the original documents and that any requiring a signature were pre-signed. FSA number: * It is necessary to verify the identity of the provider of funds, i.e. the settler, those who have control over the funds, i.e. the Trustees and any controllers who have the power to remove the trustees. For discretionary and offshore trusts, the nature and purpose of the trust and original source of funding should be ascertained. Note: When this application form is completed and signed, please return it to your Financial Adviser or to: Meteor Capital Holdings Limited, 68 Lombard Street, London EC3V 9LJ Tel: Fax: Web: Authorised and regulated by the Financial Services Authority. 25 The North Colonnade, Canary Wharf, London E14 5HS FSA No:

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