GNI LIMITED: Charges

All the balances and deposits which the company maintains at present and in future on accounts 4990804794720 together with interest at dresdner bank ag.

By way of first fixed charge (a) all sums and payments on the date of the security dty deed and from time to time thereafter receivable by or on behalf of or for the account of the company by reason or in respect of any transfer or debit of or any any agreement to transfer or debit stock from any eligible stock account of or in the name of or held on behalf of or otherwise referable to the company in crest ost or any transfer by the company of any of its right title or interest to and I n stock represented or to be represented by any credit balance on any such eligible account in crest together with all rights and interests in such sums and payments.

By way of first fixed charge all sums and payments at the date of the security deed and from time to time thereafter receivable by or for the company, by way of first floating charge all eligible stock held by or on behalf of or for the account of the company in crest.. See the mortgage charge document for full details.

By way of first fixed charge (a) all sums and payments on the date of the security deed and from time to time thereafter receivable by or on behalf of or for the account of the company by reason or in respect of any transfer or debit of or any agreement to transfer or debit stock from any eligible stock account of or in the name of or held on behalf of or otherwise referable to the company in crest or any transfer by the company of any of its right title or interest to and in stock represented or to be represented by any credit balance on any such eligible account in crest together with all rights and interests in such sums and payments. See the mortgage charge document for full details.

By way of first fixed charge (a) all sums and payments on the date of the security deed and from time to time thereafter receivable by or on behalf of or for the account of the company by reason or in respect of any transfer or debit of or any agreement to transfer or debit stock from any eligible stock account of or in the name of or held on behalf of or otherwise referable to the company in crest or any transfer by the company of any of its right title or interest to and in stock represented or to be represented by any credit balance on any such eligible account in crest together with all rights and interests in such sums and payments. See the mortgage charge document for full details.

A security interest in and a lien upon all personal propertyn and fixtures of the debtor. See the mortgage charge document for full details.

All balances and deposits plus interest on the following time deposits no. 499 08 047 94700 and other account balances under the no.499 08 047 94702.

All balances and deposits plus interest on the following time deposits no. 499 08 047 94700 and other account balances under the no.49908047 94700.

All sums and payments on the date of the security deed to be represented by any credit balance on any such eligible account and all monies standing to the credit of the controlled accounts by way of floating charge all eligible stock ,all property rights or interests of the company to eligible stock on the cgo service and all other sums and benefits please refer to form 395 for full details. See the mortgage charge document for full details.

All sums and payments on the date of the security deed to be represented by any credit balance on any such eligible account and all monies standing to the credit of the controlled accounts by way of floating charge all eligible stock ,all property rights or interests of the company to eligible stock on the cgo service and all other sums and benefits please refer to form 395 for full details. See the mortgage charge document for full details.

By way of first fixed charge all sums and payments receivable by the company in crest and all monies standing to the credit of the controlled accounts. By way of first floating charge all eligible stock held by or for the account of the company in crest. See the mortgage charge document for full details.

All sums and payments on the date of the security deed and from time to time thereafter receivable by or on behalf of or fro the account of the company by reason or in respect of any transfer or debit, stock from any eligible stock account. See the mortgage charge document for full details.

All right title and interest in and to accounts 42 000 1X yyy/99907. See the mortgage charge document for full details.

All the cash from time to time in the cash account and all the shares stocks bonds notes debentures or other securities held for the account of the company.

First fixed charge over all sums for the time being, first floating charge over all the right title and interest of the company, stock and other securities, any other interest conferred or to be conferred by such credit balance and any stock and other securities of any kind. See the mortgage charge document for full details.

All of the company's right title and interest in and to account no. 93905 opened by morgan guaranty brussels in the name of the company or such other account as may be agreed by the borrower and morgan guaranty brussels (the "pledged account"), including any credit balance which may appear therein. See the mortgage charge document for full details.

All "collateral" including but not limited to cash and securities clearance accounts opened in connection with the euroclear system by the brussels office of the chargee on its books in the name of the company. See the mortgage charge document for full details.

Deposit balance of £500,000 held with williams & glyn's bank PLC together with all interest accrued or accuring thereon.

Deposit balance of £50,000 held with williams & glyns bank limited together with all interest.