BAGLAN GENERATING LIMITED

Baglan power station, baglan, port talbot (title number CYM575178), among others. For more details please refer to the instrument.

First fixed charge over accounts and first legal mortgage with respect to investments (as defined in the instrument). For more details please refer to the instrument.

(1) freehold at baglan power station, baglan, port talbot, SA12 7GE registered at the land registry with title number CYM575178, (2) leasehold at tennant canal pumphouse, baglan bay, neath registered at the land registry with title number CYM371286 and CYM377544, (3) deed of grant relating to electricity assets dated 21 july 2006, (4) deed of easement of land dated 20 july 2007, (5) deed of grant relating to the tennant canal pipeline dated 21 july 2006, (6) deed of grant relating to the neath canal pipeline dated 21 july 2006, (7) deed of covenant regarding various property obligations dated 18 october 2012, (8) deed of grant relating to the tennant canal pipeline dated 3 july 2002, (9) deed of grant relating to the tennant canal pipeline dated 8 march 2004, (10) deed of grant relating to the tennant canal pipeline dated 3 july 2002, (11) deed of grant relating to the tennant canal pipeline dated 21 july 2006, (12) deed of grant relating to the tennant canal pipeline dated 21 july 2006, (13) deed of easement relating to the tennant canal pipeline dated 12 february 2007, (14) deed of grant of electricity cable easement dated 30 march 2007 and (15) lease of easement relating to the tennant canal pipeline dated 15 october 2001. for more details of land or intellectual property charged please refer to the instrument.

F/H title absolute in baglan power station baglan port talbot t/no CYM575178, l/h title absolute in tennant canal pumphouse baglan bay neath t/no CYM371286 and good l/h title in land adjoining the tennant canal pumphouse baglan bay neath t/no CYM377544.

F/H land t/no CYM575178 (land at baglan power station, baglan, port talbot). Notification of addition to or amendment of charge.

Notification of addition to or amendment of charge.

F/H interest in land with title number:WA699 (land at baglan bay lying between the river neath and western avenue). Notification of addition to or amendment of charge.

All the shares being 150,000,003 ordinary shares of £1 and all other shares owned by the chargor and related rights see image for full details.

All shares in issue in the capital of baglan pipeline limited ("bpl") at the date of the legal mortgage and any other shares in the capital of bpl at any time and from time to time held by the mortgagor (all of such shares being the "bpl shares"). See the mortgage charge document for full details.