Poly Property Co Limited

Fennoscandia Bank Limited

By way of first fixed charge the entire property & interest of the company in and/or under the agreement dated 9/10/90.

All monies due or to become due from the company to the chargee on any account whatsoever including all monies from time to time due and payable under the loan agreement dated 8/9/89

Fenno Scandia Bank Limited

(See form 395 for full details). A specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences.

All monies due or to become due from the company to the chargee