SEARS DAVIES LIMITED

SEARS DAVIES LIMITED PENSION PLAN

LONG TERM LOAN AGREEMENT FLOATING CHARGE

Sears Davies Limited Pension Plan

Floating charge all the undertaking and goodwill of sears davies limited.

NATIONAL WESTMINSTER BANK PLC

MORTGAGE DEBENTURE

National Westminster Bank PLC

.. a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences. See the mortgage charge document for full details.