WORCESTER ELECTRICAL DISTRIBUTORS LIMITED

Barclays Bank PLC

Barclays Bank PLC

All that leasehold property known as units 12 & 13 grandstand business centre westfields trading estate hereford held under title numbers HW109718 and HW90903.

Barclays Bank PLC

Barclays Bank PLC

Close Brothers Limited (As Security Trustee)

Firstly, (I) all that leasehold property situate and known as unit 12, grandstand business centre, westfields trading estate, hereford, HR4 9NS as the same is contained in title number HW109718 registered at hm land registry, and (ii) all that leasehold property situate and known as unit 13, grandstand business centre, westfields trading estate, hereford, HR4 9NS as the same is contained in title number HW90903 registered at hm land registry.. The chargor with full title guarantee as a continuing security for the payment and discharge of the secured liabilities hereby charges to nationwide by way of legal mortgage the property (and the proceeds of sale of the property) and all buildings and fixtures (including trade fixtures) from time to time in and on the property and the benefit of all rights, easements and privileges appurtenant to or benefiting the property.

Close Brothers Limited (The “Security Trustee”)

LLOYDS BANK PLC

Lloyds Bank PLC

LLOYDS TSB COMMERCIAL FINANCE LIMITED

ALL ASSETS DEBENTURE

LLOYDS TSB COMMERCIAL FINANCE LIMITED

BOOK DEBTS DEBENTURE

GMAC COMMERCIAL CREDIT LIMITED

FIXED CHARGE ON BOOK DEBTS