FEES 4 Annex 7 1 2 4 8 87610 11Periodic fees in relation to the Listing Rules for the period 1 April 2015 to 31 March 201611

R19/06/2015

1Fee type	Fee amount
Annual fees for the period 1 April 2015 to 31 March 201611 2 3 4 4 11 7 8 10 11
Annual Issuer Fees - all listed issuers of shares, depositary receipts and securitised derivatives. This fee represents the total annual fee for a listed issuer - no additional annual fee is due under the disclosure rules and transparency rules.	(1) For all issuers of securitised derivatives, the fees payable are set out in Table 1. (2) For all other issuers, fees to be determined according to market capitalisation, as at the last business day of the November prior to the fee year 9in which the fee is payable,5 are 3as set out in Table 1A for issuers with a standard listing of shares and issuers 11of global depositary receipts and Table 2 for other issuers.9 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 tranche of the issuer's 11market capitalisation by the rate indicated for that tranche. (3) [deleted] 8 9 9 8 11 8 6
No fee is due under this annex in relation to regulated covered bonds. 1 R sets out the fees due in relation to regulated covered bonds.
Annual fees are charged in annual cycles beginning on 1 April of a year and ending on 31 March of the following year. For fees purposes issuers should take into account only equity ordinary shares, including those issued by suspended issuers.

Table 1

The annual fee8 for issuers of securitised derivatives is £5,15011 8

Table 1A9Tiered annual fees for issuers of global depositary receipts and issuers with a standard listing of shares11

9Fee payable
Minimum fee (£)	4,12011 11
£ million of Market Capitalisation as at the last business day of the November prior to the fee year in which the fee is payable	Fee (£/£m of part £m of Market Capitalisation as at the last business day of the November prior to the fee year in which the fee is payable)
0 - 100	0
> 100 - 250	23.38465411 10 10 11
> 250 - 1,000	9.35324111 10 10 11
> 1,000 - 5,000	5.75730411 10 10 11
> 5,000 - 25,000	0.14043811 10 10 11
> 25,000	0.04537211 10 10 11

Table 2

Tiered annual fees for all other issuers

Fee payable
Minimum fee (£)	£5,15011 8 6 3 2 3 6 8 9 9 11
£ million of Market Capitalisation as at the last business day of the November prior to thefee year 9 in which the fee is payable5 9	Fee (£/£m or part £m of Market Capitalisation as at the last business day of the November prior to thefee year 9 in which the fee is payable)5 9
0 - 100	0
>100 - 250	8 6 429.23081811 2 3 4 6 8 9 10 11
>250 - 1,000	8 6 411.69155111 2 3 4 6 8 9 10 11
>1,000 - 5,000	8 6 47.19663011 2 3 4 6 8 9 10 11
>5,000 - 25,000	8 6 40.17554811 2 3 4 6 8 9 10 11
>25,000	8 6 40.05671511 2 3 4 6 8 9 10 11

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