Development Securities (Investments) Limited

—

—

—

—

—

—

—

—

All monies

All monies

All monies

All monies

All monies

All monies

All monies

All monies

All monies

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000.00 11 PERCENT. FIRST MORTGAGE D EBENTURE STOCK 2016 OF THE ISSUER DUE OR TO BECOME DUE TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT C REATING OR EVIDENCING THE CHARGE

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENT IONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

All monies

All monies

All monies

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

All monies

All monies

£20,000,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CH ARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

£20,000,000.00 AND ALL OTHER MONIES DUE OR TO BECOME D UE

All monies

All monies

All monies

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 (THE STOCK) OF THE COMP ANY UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

£20,000,000 DUE OR TO BECOME DUE FROM TH E COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

All monies

£20,000,000 DUE OR TO BECOME DUE FROM TH E COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

£20,000,000 DUE OR TO BECOME DUE FROM TH E COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

All monies

All monies

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE ISSUER AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM T HE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE ISSUER AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM T HE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE

All monies

THE PRINCIPAL OF INTEREST ON THE £20,000 ,000 11 PER CENT. FIRST MORTGAGE DEBENTU RE STOCK 2016 OF THE ISSUER (THE "STOCK" ) CONSTITUTED AND SECURED BY A TRUST DEE D DATED 21 FEBRUARY 1986 (THE "PRINCIPAL TRUST DEED") DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE AND DEEDS SUP PLEMENTAL THERETO (TOGETHER WITH THE PRI NCIPAL TRUST DEED, THE "EXISTING DEEDS") AND ALL OTHER MONEYS INTENDED TO BE SEC URED BY THE EXISTING DEEDS AND THE DEED OF RELEASE AND SUBSTITUTION.

All monies

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 OF THHE COMPANY AND ALL OTHER MONIES INTENDED TO BE SECURED AND DUE FROM THE COMPANY TO THE CHARGEE UND ER THIS DEED, THE TRUST DEED DATED 21.2. 86 AND VARIOUS OTHER DEEDS SUPPLEMENTAL THERETO (AS DEFINED)

THE PRINCIPAL AND INTEREST ON THE £20,00 0,000 11 PERCENT MORTGAGE DEBENTURE STOC K 2016 AND ALL OTHER MONIES INTENDED TO BE SECURED BY THE ABOVE DEED OF RELEASE AND SUBSTITUTION DATED 6 OCTOBER 2000 AN D THE TRUST DEED DATED 21.2.86 AND ALSO THE DEEDS SUPPLEMENTAL THERETO (ALL AS D EFINED THEREIN)

THE PRINCIPAL AND INTEREST ON THE £20,00 0,000 11 PERCENT MORTGAGE DEBENTURE STOC K 2016 AND ALL OTHER MONIES INTENDED TO BE SECURED BY THE ABOVE DEED OF RELEASE AND SUBSTITUTION DATED 4 AUGUST 2000 AND THE TRUST DEED DATED 21.2.86 AND ALSO T HE DEEDS SUPPLEMENTAL THERETO (ALL AS DE FINED THEREIN)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONEYS INTENDED TO BE SECURED BY THE DEED OF RELEASE AND SUBSTITUTION AND THE TRUST DEED DATED 21ST FEBRUARY 1986 AND ALSO THE DEEDS SUPPLEMENTAL THERETO (AS DEFINED THEREIN)

IN FAVOUR OF ALLIANCE ASSURANCE COMPANY LIMITED THE PRINCIPAL OF AND INTEREST ON THE £20,000,000 11 PER CENT. FIRST MORT GAGE DEBENTURE STOCK 2016 OF DEVELOPMENT SECURITIES (INVESTMENTS) PLC (FORMERLY CLAYFORM HOLDINGS PLC) AND ALL OTHER MON EYS INTENDED TO BE SECURED BY THE ABOVE DEED AND THE EXISTING DEEDS (AS DEFINED IN THE ABOVE DEED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONIES INTENDED TO BE SECURED TO THE CHARGEE BY THE HEREINBEFORE DESCRIBE D DEED OF RELEASE AND SUBSTITUTION AND T HE TRUST DEED DATED 22ND DECEMBER 1999 A ND THE TRUST DEED DATED 21ST FEBRUARY 19 86 AND ALSO THE DEEDS SUPPLEMENTAL THERE TO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONIES INTENDED TO BE SECURED TO THE CHARGEE BY THE HEREINBEFORE DESCRIBE D DEED OF RELEASE AND SUBSTITUTION AND T HE TRUST DEED DATED 21ST FEBRUARY 1986 A ND ALSO THE DEEDS SUPPLEMENTAL THERETO ( ALL AS DEFINED)

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONEYS INTENDED TO BE SECURED TO THE CHARGEE BY THE HEREINBEFORE DESCRIBE D DEED OF RELEASE AND SUBSTITUTION AND T HE TRUST DEED DATED 21ST FEBRUARY 1986 A ND ALSO THE DEEDS SUPPLEMENTAL THERETO ( ALL AS DEFINED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM T HE COMPANY TO THE CHARGEE AND INTENDED T O BY SECURED BY THE TRUST DEED DATED 21S T FEBRUARY 1986 AND THE DEEDS SUPPLEMENT AL THERETO (AS THEREIN DEFINED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,00 11 PER CENT. FIRST MORTGAGE DEBE NTURE STOCK 2016 OF THE COMPANY AND ALL OTHER MONEYS DUE OR TO BECOME DUE FROM T HE COMPANY TO THE CHARGEE UNDER THE TERM S OF THE DEED OF RELEASE AND CHARGE DATE D 23RD SEPTEMBER 1997 AND THE TRUST DEED DATED 21ST FEBRUARY 1986 AND VARIOUS SU PPLEMENTAL DEEDS (AS DEFINED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT. FIRST MORTGAGE DEB ENTURE STOCK 2016 (THE "STOCK") AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM T HE COMPANY (FORMERLY CLAYFORM HOLDINGS P LC) TO THE CHARGEE PURSUANT TO THE DEED OF RELEASE AND CHARGE DATED 1ST JULY 199 7 AND THE TRUST DEED DATED 21ST FEBRUARY 1986 AND ALSO THE DEEDS SUPPLEMENTAL TH ERETO (AS DEFINED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 (THE "STOCK") AND ALL M ONIES DUE OR TO BECOME DUE FROM THE COMP ANY (FORMERLY KNOWN AS CLAYFORM HOLDINGS LIMITED) TO THE CHARGEE PURSUANT TO THE TERMS OF A DEED OF RELEASE AND SUBSTITU TION OF EVEN DATE AND THE TRUST DEED DAT ED 21ST FEBRUARY 1986 AND ALSO THE DEEDS SUPPLEMENTAL THERETO (AS DEFINED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 (THE "STOCK") AND ALL M ONIES DUE OR TO BECOME DUE FROM THE COMP ANY (FORMERLY KNOWN AS CLAYFORM HOLDINGS LIMITED) TO THE CHARGEE PURSUANT TO THE TERMS OF A DEED OF RELEASE AND SUBSTITU TION OF EVEN DATE AND THE TRUST DEED DAT ED 21ST FEBRUARY 1986 AND ALSO THE DEEDS SUPPLEMENTAL THERETO (AS DEFINED)

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11 PER CENT FIRST MORTGAGE DEBE NTURE STOCK 2016 AND ALL OTHER MONEYS NO W DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE TERMS OF A DEED OF RELEASE AND SUBSTITUTION OF EV EN DATE THE TRUST DEED DATED 21/2/86 AND ALSO THE DEEDS SUPPLEMENTAL THERETO (AS DEFINED)

IN FAVOUR OF ALLIANCE ASSURANCE COMPANY LIMITED THE PRINCIPAL OF AND INTEREST ON THE £20,000,000 11 PER CENT. FIRST MORT GAGE DEBENTURE STOCK 2016 OF DEVELOPMENT SECURITIES (INVESTMENTS) PLC (FORMERLY CLAYFORM HOLDINGS PLC) AND ALL OTHER MON IES INTENDED TO BE SECURED BY THE ABOVE DEED AND THE EXISTING DEED (AS DEFINED I N THE ABOVE DEED) TO WHICH IT IS SUPPLEM ENTAL,

IN FAVOUR OF ALLIANCE ASSURANCE COMPANY LIMITED THE PRINCIPAL OF AND INTEREST ON THE £20,000,000 11 PER CENT. FIRST MORT GAGE DEBENTURE STOCK 2016 OF DEVELOPMENT SECURITIES (INVESTMENTS) PLC (FORMERLY CLAYFORM HOLDINGS PLC) AND ALL OTHER MON EYS INTENDED TO BE SECURED BY THE ABOVE DEED AND THE EXISTING DEEDS (AS DEFINED IN THE ABOVE DEED)

IN FAVOUR OF THE CHARGEE THE PRINCIPAL O F AND INTEREST ON THE £20,000,000 11% FI RST MORTGAGE DEENTURE STOCK 2016 OF THE COMPANY (FORMERLY CLAYFORM HOLDINGS PLC) AND ALL OTHER MONIES INTENDED TO BE SEC URED BY THE ABOVE DEED AND THE EXISTING DEEDS (AS DEFINED IN THE ABOVE DEED) TO WHICH IT IS SUPPLEMENTAL

All monies

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST OF THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

IN FAVOUR OF ALLIANCE ASSURANCE COMPANY LIMITED THE PRINCIPAL OF AND INTEREST ON THE £20,000 11 PER CENT. FIRST MORTGAGE DEBENTURE STOCK 2016 OF DEVELOPMENT SEC URITIES PROPERTY INVESTMENTS PLC (FORMER LY CLAYFORM HOLDINGS PLC) AND ALL OTHER MONEYS INTENDED TO BE SECURED BY THE ABO VE DEED AND THE EXISTING DEEDS (AS DEFIN ED IN THE ABOVE DEED) TO WHICH IT IS SUP PLEMENTAL.

IN FAVOUR OF THE CHARGEE THE PRINCIPAL O F AND INTEREST ON THE £20,000,000 11 PER CENT.FIRST MORTGAGE DEBENTURE STOCK 201 6 OF DEVELOPMENT SECURITIES PROPERTY INV ESTMENTS PLC (FORMERLY CLAYFORM HOLDINGS PLC) AND ALL OTHER MONEYS INTENDED TO B E SECURED BY THE ABOVE DEED AND THE EXIS TING DEEDS (AS DEFINED IN THE ABOVE DEED ) TO WHICH IT IS SUPPLEMENTAL

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF AND INTEREST ON THE £20 ,000,000 11% FIRST MORTGAGE DEBENTURE ST OCK 2016 OF THE COMPANY AND ALL OTHER MO NIES INTENDED TO BE SECURED BY THE TRUST DEED DATED 21ST FEBRUARY 1986 AND THE D EEDS SUPPLEMENTAL THERETO

THE PRINCIPAL OF & INTEREST ON THE £20,0 00,000 11 PER CENT FIRST MORTGAGE DEBENT URE STOCK 2016 OF CLAYFORM HOLDINGS PLC & ALL OTHER MONEYS INTENDED TO BE SECURE D BY THE CHARGE & DEEDS SUPPLEMENTAL THE RETO

All monies

All monies

All monies

All monies

£20,000,000 11 PER CENT. FIRST MORTGAGE DEBENTURE STOCK 2016 OF SAMUEL PROPERTIE S PLC (AS DEFINED IN A TRUST DEED DATED 21/2/86) AND ALL OTHER MONEYS INTENDED T O BE SECURED THEREBY

£20,000,000 11% FIRST MORTGAGE DEBENTURE STOCK 2016 OF SAMUEL PROPERTIES PLC AND ALL OTHER MONEYS INTENDING TO BE SECURE D SUPPLEMENTAL TO A TRUST DEED DATED 21. 2.86

All monies

£20,000,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CH ARGEE SUPPLEMENTAL TO A TRUST DEED DATED 21/2/86

All monies

All monies

All monies

All monies

All monies

All monies

All monies