DTR 1 Annex 2 1Annex 2R Fees payable in relation to the period 1 April 2005 to 31 March 2006

Annual fees for the period 1 April 2005 to 31 March 2006
All non-listed issuers of shares, depositary receipts and securitised derivatives. Annual fees for listed issuers in respect of Disclosure Rules obligations are incorporated in the annual fee for listed issuers under the Listing Rules. A non-listed issuer which becomes subject to the disclosure rules during the course of the financial year must pay a proportion of the annual fee which is calculated in accordance with the following Table 3.	(1) For all non-listed issuers of securitised derivatives, depositary receipts and global depositary receipts the fees payable are set out in Table 1.
	(2) For all other non-listed issuers fees to be determined according to market capitalisation as set out in Table 2. The fee is calculated as follows:
	(a)	the relevant minimum fee; plus
	(b)	the cumulative total of the sums payable for each of the bands calculated by multiplying each relevant tranche of the firm's market capitalisation by the rate indicated for that tranche.
Fees from other fee schedules contained in other sections of the sourcebook may be applicable to a single submission.

1. Table 1

Annual fees for non-listed issuers of securitised derivatives, depositary receipts and global depositary receipts

Issuer	Fee amount
Issuers of securitised derivatives	2,400
Issuers of depositary receipts and global depositary receipts	2,880

1. Table 2

Fee payable
Minimum fee ()	2,400
million of Market Capitalisation	Fee (/m or part m of Market Capitalisation)
0-100	0
>100 - 250	9.448
>250 - 1,000	3.776
>1,000 - 5,000	1.256
>5,000 - 25,000	0.0236
>25,000	0.00632

2. Table 3

Quarter in which the non-listed issuer becomes subject to the Disclosure Rules	Proportion payable
1 July to 30 September inclusive	75%
1 October to 31 December inclusive	50%
1 January to 31 March inclusive	25%