Trosolwg o'r elusen THE SYDNEY HILL BIRMINGHAM SCHOOL LEAVERS BUSINESS START UP TRUST

WILL OF SYDNEY HILL PROVED AT THE NEWCASTLE-UPON-TYNE DISTRICT PROBATE REGISTRY ON 1ST DECEMBER 19999, AND THE LETTER OF WISHES DATED 23RD DECEMBER 1998 AS ALTERED BY SCHEME OF CHARITY COMMISSIONERS DATED 25 JULY 2005

UPON TRUST TO PAY OR APPLY THE INCOME OF THE SYDNEY HILL TRUST WITH POWER IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME TO PAY OR APPLY THE WHOLE OR ANY PART OR PARTS OF THE CAPITAL OF THE SYDNEY HILL TRUST TO OR FOR THE BENEFIT OF ALL OR SUCH ONE OR MORE OF THE BENEFICIARIES ("THE BENEFICIARIES" MEANS ALL SCHOOL LEAVERS LEAVING SCHOOLS ADMINISTERED BY THE BIRMINGHAM CITY COUNCIL EDUCATION AUTHORITY) FOR THE TIME BEING LIVING IN SUCH SHARES IF MORE THAN ONE AND IN SUCH MANNER AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION THINK FIT

THE AREA DEFINED BY BIRMINGHAM CITY COUNCIL EDUCATION AUTHORITY

THE PRINCE'S TRUST