In July 2009, the Company completed a capital reorganisation and rights issue. A guide to the general tax position of shareholders in relation to the rights issue is given in the prospectus dated 18 June 2009 (available here).

The adjusted 31 March 1982 base value of one GKN ordinary share held immediately before the capital reorganisation and rights issue was 45.501p. The adjusted base value immediately after the capital reorganisation and rights issue was 47.955p.

The market values of a GKN ordinary share and a Brambles Industries plc (Brambles) ordinary share on 7 August 2001 (the first day of trading in Brambles shares) to be used in the allocation of the base cost of GKN ordinary shares (acquired since March 1982) following the demerger of the industrial services businesses are: GKN ordinary shares — 282.5p (43.943224%) and Brambles ordinary shares — 360.375p (56.056776%).

Where shares are disposed of in the open market, a capital gain may result if the disposal proceeds exceed the sum of the base cost. The calculations required to compute chargeable gains may be complex and shareholders are advised to consult a financial adviser if they are in any doubt as to their personal tax position.