Anglo-Swedish Engineering & Welding Limited

Standard Chartered Bank

2 couper street leics.

All monies due or to become due from the company to the chargee under the terms of a guarantee & debenture dated 1.7.88

N Credit Lyonnais the Royal Bank of Scotland PLC and Any Other Bank Which May Assume Participaty and/or the Working Capital Facilitiesion for the Properties of the Aquisition Facilit · Standard Chartered Bankotland Barclays Bank PLC Creditanstact-Bankverei Bank the Governor and Company of the Bank of Sct and Trustee for the Banks - Standard Chartered(Its 'Agent'- as Defined) for Itself and as Agen

(Please refer to form M345 and attached continuation sheets thereto for full details ref M319). 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 the company and/or stuntbrad limited and/or all or any of the other companies named therein to the chargee under the terms of the charge and all its documents referred to therein