ALBA 2007 – 1 plc - Irish Stock Exchange

2. Provision of information
2.1 Noteholders should note that where any interest on the Notes is paid to them (or to any person
acting on their behalf) by the Issuer or any person in the United Kingdom acting on behalf of
the Issuer (a ‘‘paying agent’’), or is received by any person in the United Kingdom acting on
behalf of the relevant Noteholder (other than solely by clearing or arranging the clearing of a
cheque) (a ‘‘collecting agent’’), then the Issuer, the paying agent or the collecting agent (as the
case may be) may, in certain cases, be required to supply to HM Revenue and Customs details
of the payment and certain details relating to the Noteholder (including the Noteholder’s name
and address). These provisions will apply whether or not the interest has been paid subject to
withholding or deduction for or on account of United Kingdom income tax and whether or not
the Noteholder is resident in the United Kingdom for United Kingdom tax purposes. Where the
Noteholder is not so resident, the details provided to HM Revenue and Customs may, in certain
cases, be passed by HM Revenue and Customs to the tax authorities of the jurisdiction in which
the Noteholder is resident for taxation purposes.
2.2 With effect from 6 April 2007, the provisions referred to above may also apply, in certain
circumstances, to payments made on redemption of any Notes where the amount payable on
redemption is greater than the issue price of the Notes.
3. Other points relating to United Kingdom withholding tax
3.1 Where interest has been paid under deduction of United Kingdom income tax, noteholders who
are not resident in the United Kingdom may be able to recover all or part of the tax deducted if
there is an appropriate provision in any applicable double taxation treaty.
3.2 Where the Notes are to be, or may fall to be, redeemed at a premium, as opposed to being
issued at a discount, any such element of premium may constitute a payment of interest.
Payments of interest are subject to United Kingdom withholding tax and reporting requirements
as outlined above.
3.3 The references to ‘‘interest’’ above mean ‘‘interest’’ as understood in United Kingdom tax law.
The statements above do not take any account of any different definitions of ‘‘interest’’ or
‘‘principal’’ which may prevail under any other law or which may be created by the terms and
conditions of the notes or any related documentation.
4. Stamp duty and stamp duty reserve tax
4.1 No United Kingdom stamp duty or stamp duty reserve tax is chargeable on the issue of the
Notes or the Instruments.
4.2 United Kingdom stamp duty may be chargable on any instruments transferring a MERC or a R
Certificate (including where such Instruments are in Definitive Form) and Instrumentholders are
advised to consult with their professional advisers in respect of matters relating to the
acquisition and holding of the Instruments.