SATELLITE FINANCING PLC

CITICORP TRUSTEE COMPANY LIMITED (AS ISSUER SECURITY TRUSTEE FOR ITSELF AND THE OTHER ISSUERSECURED CREDITORS)

ISSUER DEED OF CHARGE

Citicorp Trustee Company Limited (As Issuer Security Trustee for Itself and the Other Issuersecured Creditors)

All right title interest and benefit in to and under the payment trust including its right to receive payments of any amounts which may become payable thereunder. See the mortgage charge document for full details.