TELEREAL SECURITISATION PLC

CITICORP TRUSTEE COMPANY LIMITED (THE ISSUER SECURITY TRUSTEE)

THIRD SUPPLEMENTAL ISSUER DEED OF CHARGE

CITICORP TRUSTEE COMPANY LIMITED (THE NOTE TRUSTEE)

COLLATERAL ACOUNT DEED OF CHARGE

CITICORP TRUSTEE COMPANY LIMITED

THE SUPPLEMENTAL DEED OF CHARGE

CITICORP TRUSTEE COMPANY LIMITED

DEED OF CHARGE BETWEEN THE COMPANY,CITICORP TRUSTEE COMPANY LIMITED (THE "SECURITY TRUSTEE"),LLOYDS TSB BANK PLC,CITIBANK,N.A.,KREDIETBANK S.A.LUXEMBOURGEOISE,TELEREAL SERVICES LIMITED,BARCLAYS BANK PLC,SPV MANAGEMENT LIMITED AND AMBAC ASSURANCE UK LIMITED (THE "ISSUER DEED OF CHARGE")