Kvaerner Metals Continuous Casting Limited

National Westminster Bank PLC

See form 395 for details. 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 to the chargee as security trustee for itseld and each of the "securred parties" as definced thereon) under the terms of the charge