COFTON LAND & PROPERTY (CAERPHILLY) LIMITED

The debt owing by robert hitchins limited (debtor) to the company in the sum of £1,710,000 due on 1 december 2000.

All the company's interest in the sale agreement (as defined).

The f/h property k/a st.mary's crescent manor farm rogiet monmouthshire being part of land comprised in t/no.WA876802.. Fixed charge all buildings and other structures fixed to the property fixed charge any goodwill relating to the property fixed charge all plant machinery and other items affixed to the property assignment of the rental sums together with the benefit of all rights and remedies fixed charge the proceeds of any claim made under insurance policy relating to the property floating charge all unattached plant machinery chattels and goods on or in or used in connection with the property or the business or undertaking at the property.

F/Hold property on north side of watery lane,monmouth; t/no wa 830274. fixed charge all buildings and other structures fixed to the property fixed charge any goodwill relating to the property fixed charge all plant machinery and other items affixed to the property assignment of the rental sums together with the benefit of all rights and remedies fixed charge the proceeds of any claim made under insurance policy relating to the property floating charge all unattached plant machinery chattels and goods on or in or used in connection with the property or the business or undertaking at the property.

Monies due under a contract entered into between the company and persimmon homes (wales) limited dated 3RD july 1998.

.. 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.

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.

Land on the south east side of nantgarw road caerphilly t/no WA670191.

F/H land and premises at caerphilly mid glamorgan t/n WA670191.

All rights,benefits and interests under the agreement and all debts/claims.

F/H property part of cwm farm caerphilly mid glamorgan.

The company`s whole right,title and interest in and to all monies.

Whole rights title and interest in and to demand bonds issued to the company by clydesdale bank PLC jointly and severally with alfred mcalpine homes south west limited for £294,000 dated 18/4/94 (and other bonds as defined) inrespect of the sale by the company of certain areas of land at cwm farm caerphilly mid glamorgan. See the mortgage charge document for full details.

F/H property shown edged red on the plan attached to such contract t/n's WA376097 WA448531,WA428839,WA397322,WA377877,WA19089,WA394863,WA448491,WA450987,WA448537,WA481254 and WA670191 but excluding the land shown edged blue on the plan by way of first legal mortgage all estates rights titles and other interest of the purchaser in the property together in all cases with all buildings,structures and fixtures (including trade fixtures) and fixed plant and machinery goodwill. Floating charge over all moveable plant machinery implements utensils furniture and equipment. See the mortgage charge document for full details.