The floating charge and share mortgage mortgages and charges all of the shares in the capital of the borrower.the floating charge and share mortgage mortgages and charges all rights moneys benefits and other properties.the floating charge and share mortgage also creates a first floating charge over all present and future assets of the company.

All monies obligations and liabilities owing or incurred by bywest limited to any senior creditor under or pursuant to the following documents:(a) a facilities agreement dated 30 january 2001 and made between the borrower,the security trustee and certain banks ("the facilities agreement")(b)the floating charge and share mortgage (c)the other finance documents