BLU ESTATES LIMITED

ROYAL EXCHANGE TRUST COMPANY LIMITED,AS TRUSTEE FOR THE HOLDERS OF THEBONDS

THIRD SUPPLEMENTAL TRUST DEED SUPPLEMENTAL TO A TRUST DEED DATED 31 MARCH 1998 (THE PRINCIPAL TRUST DEED),AS DEFINED,AND SECURING THE £100,000,000 6 > PER CENT.FIRST MORTGAGE DEBENTURE BONDS 2011 AND £200,000,000 6 > PER CENT. FIRST MORTGAGE DEBENTURE BONDS DUE 2020 OF THE COMPANY (THE BONDS) AND THE FIRST SUPPLEMENTAL TRUST DEED DATED 13 APRIL 1999 (AS DEFINED)

Status as filed

PART of the property or undertaking has been released from charge

ROYAL EXCHANGE TRUST COMPANY LIMITED

MORTGAGE IN RELATION TO A TRUST DEED DATED 31ST MARCH 1998 CONSTITUTING AND SECURING £100,000,000 6 3/4 PER CENT. FIRST MORTGAGE DEBENTURE BONDS DUE 2011 AND £200,000,000 6 3/4 PER CENT. FIRST MORTGAGE DEBENTURE BONDS DUE 2020 (WITH AUTHORITY TO ISSUE FURTHER FIRST MORTGAGE DEBENTURE BONDS OR NOTES) (THE BONDS)

ROYAL EXCHANGE TRUST COMPANY LIMITED(AS TRUSTEE FOR THE HOLDERS OF THE BONDS)

TRUST DEED DATED 31ST MARCH 1998 CONSTITUTING AND SECURING £100,000,000 6 3/4 PER CENT. FIRST MORTGAGE DEBENTURE3 BONDS DUE 2011 AND £200,000,000 6 3/4 PER CENT FIRST MORTGAGE DEBENTURE BOND DUE 2020 (WITH AUTHORITY TO ISSUE FURTHER FIRST MORTGAGE DEBENTURE BONDS OR NOTES) BETWEEN BL UNIVERSAL PLC THE COMPANY AND OTHERS AND THE TRUSTEE