Penglais Investments Limited

The Royal Bank of Scotland PLC

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. See the mortgage charge document for full details.

All monies due or to become due from each obligor to the security trustee and the secured parties and to any of them under the terms of the aforementioned instrument creating or evidencing the charge