Charges

Security interests and charges registered against the company

2 Outstanding 4 Satisfied

Outstanding Charges

Deed of covenant #2

Outstanding

Created On: 26 Mar 1998

Delivered On: 16 Apr 1998

Persons Entitled:

Pgs Shipping (isle Of Man) Limited

Particulars:

The ship being the vessel "ramform viking" registered on the nowegian international ship register at the port of bergen with signal letter LAGF5.. See the mortgage charge document for full details.

Secured Details:

£53,000,000 as security for the payment of the secured liabilities due from the company to the chargee referred to in the deed of covenant

Ship mortgage #1

Outstanding

Created On: 26 Mar 1998

Delivered On: 16 Apr 1998

Persons Entitled:

Pgs Shipping (isle Of Man) Limited

Particulars:

The ship being vessel "ramform viking" registered on the norwegian international ship register at the port of bergen with signal letters LAGF5.. See the mortgage charge document for full details.

Secured Details:

£53,000,000 as security for payment of the secured liabilities due from the company to the chargee referred to in the deed of covenant

Satisfied Charges

Aircraft mortgage #3

Fully Satisfied

Created On: 30 Mar 1999

Satisfied On: 8 Dec 2003

Persons Entitled:

British Airways Plc

Particulars:

All the companys right title and interest in and to the aircraft (excluding rights and benefits under the transaction documents) all insurances in relation to the aircraft any requisition compensation. See the mortgage charge document for full details.

Aircraft mortgage #4

Fully Satisfied

Created On: 29 Jun 1999

Satisfied On: 8 Dec 2003

Persons Entitled:

British Airways Plc

Particulars:

All present and future right and interest of the owner in the aircraft. See the mortgage charge document for full details.

Aircraft mortgage #5

Fully Satisfied

Created On: 30 Jul 1999

Satisfied On: 8 Dec 2003

Persons Entitled:

British Airways Plc

Particulars:

All right and interest in the aircraft boeing model 777236 igw. See the mortgage charge document for full details.

Aircraft mortgage #6

Fully Satisfied

Created On: 18 Jan 2000

Satisfied On: 8 Dec 2003

Persons Entitled:

British Airways Plc

Particulars:

All right title and interest in the aircraft and to and in respect of proceeds arising under all insurances any requisition payments etc aircraft means boeing model 777-236 er aircraft serial number 30303 reg g-ymmb. See the mortgage charge document for full details.