Joshua Hoyle & Sons Limited

Bankers Trust Company

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from each obligor to the chargee as agent and trustee for itself and for the banks, on any account whatsoever under the terms of each of the financing documents (all terms as defined in a facility agreement dated 14/7/89)