IPP (TOWER HAMLETS SCHOOLS) LIMITED

SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED AS AGENT AND TRUSTEE FOR THE SECURED FINANCEPARTIES (THE SECURITY AGENT)

SECURITY AGREEMENT

Sumitomo Mitsui Banking Corporation Europe Limited as Agent and Trustee for the Secured Financeparties (The Security Agent)

Land, real property being ben johnson primary school, eassian street, tower hamlets t/no EGL449860, bonner primary school, bonner street, tower hamlets t/no EGL449861, bow school, hartfield terrace, tower hamlets t/no EGL449863 (for details of further properties charged please refer to form 395), trust property, investments, plant and machinery, credit balances, book debts etc, other contracts, insurances, intellectual property, miscellaneous and first floating charge all its assets. See the mortgage charge document for full details.

ABBEY NATIONAL TREASURY SERVICES PLC, AS SECURITY TRUSTEE FOR THE SENIOR CREDITORS

PARTNERSHIP DEBENTURE