PREFERRED FUNDING ONE LIMITED

All its right title interest and benefit present and future in the security assets the benefit of the collateral security floating charge whole of its undertaking and all its property and assets. See the mortgage charge document for full details.

All right title interest and benefit present and future in the security assets being the mortgage loans the charges by way of legal mortgage, mortgages, standard securities, pledges, assignments, assignations and charges and securities both present and future hereafter securing repayment of the mortgage loans or any part thereof the deeds the life policies any guarantees the rights of the company under the deeds of consent and mha documentation the building and contingency policies the causes of action the contractual rights the accounts the book debts and any unapplied sums and the uncalled capital. See the mortgage charge document for full details.

All its rights and interest under the hedging documents.

Assigned to and in favour of the security trustee in security for the payment or discharge of the secured obligations the whole right, title and interest of the company in and to the scottish mortgage trust property and the scottish declaration of trust, surrogating and substituting the security trustee in its full right and place therein and thereto.. See the mortgage charge document for full details.

By way of security for the payment or discharge of the secured obligations, with full title guarantee, charged by way of first fixed charge to the security trustee all its right, title, interest and benefit, at the date of the charge and at any time thereafter, in the security assets including, in relation to the english loans and the northern irish loans, without limitation, the right to demand, the benefit of all collateral security, floating charge by way of security for the discharge of the secured obligations, with full title guarantee, the whole of its undertaking and all its property and assets whatsoever and wheresoever. See the mortgage charge document for full details.