SEAFIELD PARK LIMITED

The Royal Bank of Scotland PLC

Tarmac Caledonian Limited

All and whole those subjects at park farm, nairn in the county of nairn being the subjects shown tinted red on the plan annexed and signed as relative to the standard security which is the subject of this form MR01; which subjects form part and portion of all and whole the subjects known as park farm, auldearn, nairn (otherwise known as the farm of the park, nairn) all as the subjects are described (in the first place), (in the third place) and (in the fourth place) and as disponed by and shown delineated and coloured pink on the plan annexed and executed as relative to the disposition by margrave estates limited with consent of james adam and walter russell adam in favour of the halifax building society dated 9 and 14 and recorded in the division of the general register of sasines for the county of nairn on 30 april, all in 1953.