EPT Disclosure

EPT Disclosure

The Royal Bank of Scotland N.V.

FORM 38.5(a)

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITH RECOGNISED INTERMEDIARY STATUS

DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(a) of the Takeover Code)

1. KEY INFORMATION

Name of exempt principal trader	Â	Royal Bank of Scotland N.V. London Branch (Subsidiary of RFS Holding N.V.)
Company dealt in		Hargreaves Services Plc
Class of relevant security to which the dealings being disclosed relate (Note 1)		ORD GBP 0.10
Date of dealing	Â	13 April 2010

2. DEALINGS (Note 2)

(a) Purchases and sales

Total number of securities purchased	Â	Highest price paid (Note 3)	Â	Lowest price paid (Note 3)
800	Â	6.7000 GBP	Â	6.7000 GBP

Total number of securities sold	Â	Highest price received (Note 3)	Â	Lowest price received (Note 3)
14,500	Â	6.7000 GBP	Â	6.6500 GBP

(b) Derivatives transactions (other than options)

Product name, e.g. CFD

Â

Long/short (Note 4)

Â

Number of securities (Note 5)

Â

Price per unit (Note 3)

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, e.g. call option

Â

Writing, selling, purchasing, varying etc.

Â

Number of securities to which the option relates (Note 5)

Â

Exercise price

Â

Type, e.g. American, European etc.

Â

Expiry date Â

Â

Option money paid/received per unit (Note 3)

(ii) Exercising

Product name, e.g. call option

Â

Number of securities

Â

Exercise price per unit (Note 3)

3. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

Date of disclosure	Â	14 April 2010
Contact name		Costas Philippou
Telephone number		[phone]
Name of offeree/offeror with which connected		Hargreaves Services Plc
Nature of connection (Note 6)	Â	Financial Advisor and Corporate Broker

Notes

The Notes on Form 38.5(a) can be viewed on the Takeover Panel’s website at www.thetakeoverpanel.org.uk