PENN HOUSE PROPERTIES LIMITED

By way of fixed charge the real property other than the real property listed in part ii of schedule 2 of the debenture; all plant and machinery etc. and all related property rights; all debts; all of its securities and intellectual property rights; all goodwill and uncalled capital; and the insurance policies and the insurance proceeds. By way of assignment the insurance policies and the insurance proceeds; all rental income; any guarantee of rental income contained in or relating to any lease document; any hedging arrangements; each managing agent agreement; and each building contract and all related property rights. By way of first floating charge (I) the whole of its assets present and future and (ii) the whole of its assets situated in scotland.. See the mortgage charge document for full details.

The properties listed below together with all buildings, erections and fixtures (including trade fixtures but excluding tenant's fixtures) and fixed plant and machinery for the time being thereon and all improvements and additions thereto and all easements, rights and licences appurtenant thereto, subject to and with the benefit of all existing leases, underleases, tenancies, agreements to lease, rights, covenants under conditions affecting the same but otherwise free from encumbrance. Land an buildings on the south west side of crown street manchester GM52341. L/h land and buildings on the west side of sidcup road and the north side of tilson road wythenshawe manchester LA328553.

L/H property k/a land and buildings on the south west side of crown street manchester and land on the south side of silvercroft street hulme t/nos: GM52341 and GM189836; l/h property k/a land and buildings on the west side of sidcup road and the north side of tilson road wythenshawe manchester t/no: LA328553 all fittings plant equipment machinery tools vehicles furniture and other tangible movable property including any items at the original property; any proceeds of any insurance of the original real property; and a fixed charge over the rental income of the borrower. See the mortgage charge document for full details.

F/H land and premises on the west side of windsor bridge road bath north estate somerset AV81568 somerset hall somerset street bath AV33403 and AV33404 and AV184057 and all buildings and erections and by way of floating charge all property and assets. See the mortgage charge document for full details.

F/H property k/a 13/15 old steine and 1A/1B st. James' street brighton t/n: ESX21909; l/h property k/a land and buildings on the south west side of crown street manchester and land on south side of silvercroft street hulme t/nos: GM52341 and GM189836 and other properties referred to in schedule together with all fittings plant equipment machinery tools vehicles furniture and other tangible movable property, its goodwill and uncalled capital floating charge over the undertaking and property. See the mortgage charge document for full details.