K.M. PACKAGING SERVICES LIMITED

Hsbc UK Bank PLC

(1) a legal mortgage over all freehold (including commonhold) and leasehold land owned by the chargor excluding the chargor's leasehold interest in the property at 44 west street, oundle, northamptonshire, pes 4EF; (2) a first fixed charge over all present and future right, title and interest in or to: (a) any freehold (including commonhold) or leasehold land and all buildings, fixtures and fittings on it excluding the chargor's leasehold interest in the property at 44 west street, oundle, northamptonshire, pes 4EF; (b) any chattels other than stock in trade or work-in-progress; (c) all intellectual property and (3) (except as mortgaged or charged under the legal mortgage or fixed charge described above) an absolute assignment of all present and future right, title and interest in or to all rents and other sums due under any lease or other right of occupation of real property and any related guarantee or other security. Further details are given in the instrument.

HSBC BANK PLC

DEBENTURE

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

FLOATING CHARGE (ALL ASSETS)

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

HSBC BANK PLC

LEGAL MORTGAGE

EURO SALES FINANCE PLC

DEBENTURE