THE SCOTSMAN HOTEL GROUP LIMITED: Mortgages

Chargor's rights title and interest in under and to the acquisition agreement. See the mortgage charge document for full details.

The full benefit of all rights,title and interest of the assignor under or by virtue of the intra-group loan agreement and all sums of money payable and all monetary debts or claims whatsoever; the benefit of all guarantees,charges and all other security (if any) and all other rights and remedies; see form 395 for details. See the mortgage charge document for full 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. See the mortgage charge document for full details.

The 381,177 shares (the "pledged shares") held by the pledgor in tremoille holdings sa, together with every share, all other financial instruments and all the other securities, rights, revenues and other assets that replace the pledged shares or are added to them in any way and all income and distributions of every kind and in all currencies in respect of the pledged shares. The account opened in the books of tremoille in the name of the pledgor and in which the pledged shares are held (the "financial instruments account").

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.

The 381,177 shares (the "pledged shares") held by the pledgor in tremoille holdings sa,together with every share,all other financial instruments and all the other securities,rights,revenues and other assets that replace the pledged shares or are added to them in any way and all income and distributions of every kind and in all currencies in respect of the pledged shares.the account opened in the books of tremoille in the name of the pledgor and in which the pledged shares are held (the "financial instruments account").

The following sums payable by tremoille to the pledgor: 1.all sums due as principal interest costs and accessories under a loan agreement dated 11 december 1998 (the "facility agreement") between citibank na ("citibank") and tremoille holdings sa pursuant to which citibank agreed to make available to tremoille an initial principal amount of ff 55,000,000 (as modified by an agreement dated 12 october 1999) and being the subject of a debt transfer dated 31 july 2000 made by citibank in favour of the pledgor.. See the mortgage charge document for full details.

Subject to article 2.6 of the delegation agreement all sums due pursuant to :(a) the warranties and indemnities contained in clause 8 of a sale and purchase agreement dated 3 june 2000 and (b) the agreement to adjust the purchase price contained in clauses 6.4 and 6.5 of the sale and purchase agreement.

All right title and interest in and to the policies including all new and substituted policies relating thereto and all monies including bonuses accrued which shall become payable. See the mortgage charge document for full 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. With the benefit of all rights licences guarantees rent deposits contracts deeds undertakings and warranties relating. To the property any shares or membership rights in any management company for the property any goodwill of any business from time to time carried on at the property any rental and other money payable under any lease licence or other interest created in respect of the property and all other payments whatever in respect of the property.

.. 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.