SAR MARINE & GENERAL LIMITED

A deposit of 5% of all monies received under the terms of the contract to the amount of ir£523,107.18.

A deposit of 5% of all monies received under the terms of the contract to the amount of ir£110,293.71.

A deposit of 5% of all monies received under the terms of the contract to the amount of ir£3,257,735.00. See the mortgage charge document for full details.

Land on the west side of south rd penallta industrial estate hengoed wa 459033 wa 426969. together with all buildings and fixtures (including trade fixtures) fixed plant and machinery by way of fixed charge all present and future book and other debts floating charge over all moveable plant machinery implements utensils furniture and equipment by way of assignment the goodwill of the business (if any) the full benefit of all licences and all guarantees.

5% of all monies received under the terms of the contract dated 21/8/2000 for £871,541.88.

Nck crawler tract crane serial number 14607B model 1405, wirth pile top drilling rig serial number GW218.

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.

Freehold property k/a 2 coastal road hest bank near morecambe. Together with all buildings and fixtures (including trade fixtures) fixed plant and machinery by way of fixed charge all present and future book and other debts floating charge over all moveable plant machinery implements utensils furniture and equipment by way of assignment the goodwill of the business (if any) the full benefit of all licences and all guarantees.

A first fixed charge on the deposit of 5% of all monies received under the terms of the contract commencing 18.10.99 in the amount of ir£1,035,998. See the mortgage charge document for full details.