I Refer to Your Recently Agreed Mortgage Facility and the Fact That

Date: 30 August 2018

International Personal Banking Relationship Managers Mr Daniel Richard Gwizdek Guernsey Branch PO Box 62 Royal Bank Place 1 Glategny Esplanade St. Peter Port Guernsey

Telephone: 01481 702584

Mr Daniel Richard Gwizdek

I refer to your recently agreed mortgage facility and the fact that interest payments on the mortgage you have requested from the Bank could be subject to UK withholding tax because the interest will potentially be paid from a UK source.

The Bank is unable to provide tax advice and I recommend that you seek your own tax advice regarding UK withholding tax from your tax advisor.

If the advice you receive is that withholding tax may apply, we can arrange to approach HM Revenue & Customs and seek their agreement that you need not withhold this tax by virtue of a double tax agreement that exists between the UK and Jersey/Isle of Man.

I would be obliged if you could therefore complete and sign the enclosed form to inform me of whether you wish the Bank to apply for withholding tax relief or not.

I have also enclosed for your information a copy of HM Revenue & Customs’ withholding tax relief form, which the Bank requires to submit should you decide that withholding tax should be deducted on your interest payments.

I thank you for your assistance in this matter and look forward receiving the completed form in due course.

Yours sincerely

Andy Fleming Relationship Manager

The Royal Bank of Scotland International Limited trading as NatWest (NatWest). Registered Office: P.O. Box 64, Royal Bank House, 71 Bath Street, St. Helier, Jersey JE4 8PJ. Regulated by the Jersey Financial Services Commission. Business address: PO Box 11, 16 Library Place, St Helier, Jersey, JE4 8NH. Guernsey business address: PO Box 62, Royal Bank Place, 1 Glategny Esplanade, St. Peter Port, Guernsey, GY1 4BQ. Regulated by the Guernsey Financial Services Commission and licensed under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended, the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, and the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended. Calls may be recorded.

PART 2

I/We acknowledge that the Bank has recommended that I/we take independent tax advice as to whether or not to seek HM Revenue & Customs approval for interest repayments on this loan to be paid to the bank without UK withholding tax.

My/Our decision is as follows (please tick & complete the appropriate box);

I/We do not wish the Bank to apply for HM Revenue & Customs to obtain withholding tax relief at source.

I/We do want the Bank to apply to HM Revenue & Customs to obtain withholding tax relief at source on the interest due to be paid by me/us. As a result I/we; a) hereby provide my/our authority for The Royal Bank of Scotland International Limited/Isle of Man Bank Limited to supply HM Revenue & Customs with the necessary information contained in the attached form, together with a copy of the relevant facility documentation and a copy of this completed acknowledgement and declaration; and b) consider that the interest has a UK source because, ______

______Signed Signed

______Dated