Swan Hunter (Tyneside) Limited

Barclays Bank PLC

By way of first fixed charge all book debts and other debts now and from time to time due or owing to the company by h m government ministry of defence. See the mortgage charge document for full details.

All monies due or to become due from the company to the chargee on any account whatsoever

Lloyds Bank PLC

All such rights to the repayment of the deposit meaning the debt(s) on the account(s) described in the schedule being: the account with the bank at its grey street, newcastle upon tyne branch in the name of lloyds bank PLC re: swan hunter (tyneside) limited denominated in sterling designated premier interest account and now numbered 7937356 and any account(s) for the time being replacing the same and all interest owing in respect thereof. See the mortgage charge document for full details.

All monies due or to become due from the company to the chargee on any account whatsoever

Thc Fabricators (Cyprus) Limited

By way of fixed charge all buildings fixtures fixed plant and machinery belonging to the borrower.

And varying the terms of a debenture dated 16 january 1996

Thc Fabricators (Cyprus) Limited

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 under the provisions of the offer letter dated 19TH december 1995, any future offer letter (as defined) or the provisions of this debenture