Peel Properties (S.w.) Limited

THE PRINCIPAL OF AND INTEREST ON £35, 000,000 9 7/8% FIRST MORTGAGE STOCK 2011 OF PEEL HOLDINGS P.L.C. CREATED BY RESO LUTIONS DATED 1/4/86 AND 13/5/87, £30 ,000,000 9 7/8% FIRST MORTGAGE DEBENTURE STOCK 2011 OF PEEL HOLDINGS P.L.C CREAT ED BY A RESOLUTION DATED 20/4/88, £100,0 00,000 9 7/8% MORTGAGE DEBENTURE STOCK 2 011 OF PEEL HOLDINGS P.L.C CREATED BY RE SOLUTION DATED 3/4/89 AND ALL OTHER MONE YS SECURED BY A TRUST DEED DATED 7/4/86, AND SUPPLEMENTAL TRUST DEEDS DATED 15/5 /87, 22/4/88 AND 5/4/89 SECURED ON PROPE RTY ACQUIRED BY PEEL PROPERTIES (S.W.) L IMITED ON 17/7/89.

THE PRINCIPAL OF AND INTEREST ON THE £10 0,000,000 9 7/8% FIRST MORTGAGE DEBENTUR E STOCK 2011 OF PEEL HOLDINGS P.L.C. AND ALL OTHER MONEYS DUE OR TO BECOME DUE T O THE CHARGEE UNDER THE TERMS OF THIS DE ED AND THE DEEDS AS DEFINED THEREIN.

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£30,000,000 913/8 PERCENT FIRST MORTG AGE DEBENTURE STOCK 2011 OF PEEL HOLDING S P.L.C. AND ALL OTHER MONEYS INTENDED T O BE SECURED BY THE PRINCIPAL TRUST DEED DATED 7/4/86 AND THIS DEED.

£35,000,000 9 7/8% FIRST MORTGAGE DEB ENTURE STOCK 2011 OF PEEL HOLDINGS P.L.C . AND ALL OTHER MONEYS INTENDED TO BE SE CURED BY THE PRINCIPAL TRUST DEED DATED 7 APR 1986 AND THIS DEED.

SECURING £35,000,000 9 7/8% FIRST MORTGA GE DEBENTURE STOCK 2011 OF PEEL HOLDINGS P.L.C. AND ALL OTHER MONEYS INTENDED TO BE SECURED BY THE TRUST DEED OR ANY DEE D SUPPLEMENTAL THERETO.

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