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Core Capital Deferred Shares

This information is required to be published following Rule 1(a). However members should note that the Society has no Core Capital Deferred Shares in issue.

The Periodic Distributions Cap relating to each Core Capital Deferred Share in respect of the financial year to 31 December 2015 is £15.11 per share. The adjustment for inflation to the Periodic Distributions Cap is 1.6% in line with the December 2016 Consumer Prices Index figure. Accordingly the adjusted Cap in respect of the financial year to 31 December 2016 is £15.35. All numbers are rounded to two decimal places.