Helical Properties Investment Limited

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ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

STANDARD SECURITY DATED 25TH NOVEMBER 19 99 PRESENTED FOR REGISTRATION ON 2ND DEC EMBER 1999 IN SCOTLAND

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OTH ER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHICH , IF IT WERE SO INCLUDED, WOULD CONTRAVE NE SECTION 151 OF THE COMPANIES ACT 1985

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OT HER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHIC H, IF IT WERE SO INCLUDED, WOULD CONTRAV ENE SECTION 151 OF THE COMPANIES ACT 198 5

IN FAVOUR OF THE CHARGEE ALL PRESENT AND FUTURE OBLIGATIONS AND LIABILITIES OF E ACH OBLIGOR TO EACH FINANCE PARTY UNDER OR PURSUANT TO A CREDIT AGREEMENT DATED 23RD JANUARY 1997 AS SAID CREDIT AGREEME NT HAS BEEN SUPPLEMENTED AND AMENDED BY SECOND SUPPLEMENTAL AGREEMENT DATED 26TH FEBRUARY 1998 AND THIRD SUPPLEMENTAL AG REEMENT DATED 24TH NOVEMBER 1999 AND AS SAID CREDIT AGREEMENT MAY BE FURTHER EXT ENDED, AMENDED, VARIED, SUPPLEMENTED, NO VATED, RESTATED, REPLACED OR RENEWED FRO M TIME TO TIME AND ANY FINANCE DOCUMENTS REFERRED TO AS SUCH IN THE CREDIT AGREE MENT AS THE SAID FINANCE DOCUMENTS MAY B E EXTENDED, AMENDED, VARIED, SUPPLEMENTE D, NOVATED, RESTATED, REPLACED OR RENEWE D FROM TIME TO TIME

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT OWED JOINTLY OR SEVERALLY ON IN ANY OTH ER CAPACITY WHATSOEVER) OF THE OBLIGORS TO ANY FINANCE PARTY UNDER EACH FINANCE DOCUMENT EXCEPT FOR ANY OBLIGATION WHICH , IF IT WERE SO INCLUDED, WOULD CONTRAVE NE SECTION 151 OF THE COMPANIES ACT 1985

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ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES OF THE OBLIGORS (AS DEFINED) TO THE CHARGEE AS AGENT AND TRUSTEE FOR THE FINANCE PARTIES (AS DEFINED) AND TO ANY FINANCE PARTY UNDER EACH FINANCE DOC UMENT (AS DEFINED)

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES OF THE OBLIGORS (AS DEFINED) TO THE CHARGEE AS AGENT AND TRUSTEE FOR THE FINANCE PARTIES (AS DEFINED) AND TO ANY FINANCE PARTY UNDER EACH FINANCE DOC UMENT (AS DEFINED)

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES IN ANY CAPACITY WHATSOEVER OF THE OBLIGORS (AS DEFINED) TO THE CHARGE E AS AGENT AND TRUSTEE FOR THE FINANCE P ARTIES (AS DEFINED) AND TO ANY FINANCE P ARTY UNDER EACH FINANCE DOCUMENT (AS DEF INED)

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ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES NOW DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OBLIGOR TO THE CHA RGEES PURSUANT TO THE TERMS OF THE FINAN CE DOCUMENTS (AS DEFINED)

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES NOW DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OBLIGOR TO THE CHA RGEES PURSUANT TO THE TERMS OF THE FINAN CE DOCUMENTS (AS DEFINED)

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ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES NOW DUE OR TO BECOME DUE FROM THE COMPANY AND THE OBLIGORS TO THE CHA RGEES PURSUANT TO THE TERMS OF THE FINAN CE DOCUMENTS (AS DEFINED) AND THIS DEBEN TURE

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES OF THE OBLIGORS TO THE CHARGE E UNDER EACH FINANCE DOCUMENT TO WHICH T HE CHARGOR IS A PARTY

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