TRAFALGAR HOUSE FINANCE LTD

A sixth supplemental trust deed dated 15TH november 2000 between the company, kvaerner PLC (the "issuer" ) and the law debenture trust corporation P.L.C.

Created on 15 Nov 2000

Delivered on 16 Nov 2000

Status fully-satisfied

Persons Entitled

The Law Debenture Corporation (As Trustee)

Amount Secured

All obligations of kvaerner PLC (as issuer) to the chargee under or pursuant to the subsisting trust deeds and the supplemental trust deed present or future, actual or contingent including the payment of principal of and interest on the outstanding stock and all other monies covenanted to be paid by the issuer to the chargee under the subsisting trust deeds and supplemental trust deeds

Short Particulars

All the company's right title benefit and interest in the initial amount of £6,622,945.67 and the deposit being the credit balance on any account to which all or any part of the initial amount may be credited from time to time (or any renewal or redesignation thereof) and all rights benefits and proceeds in respect thereof.

Transactions

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An eighth supplemental trust deed dated 15TH november 2000 between the company, kvaerner PLC (the "issuer" ) and the law debenture trust corporation P.L.C.

Created on 15 Nov 2000

Delivered on 16 Nov 2000

Status fully-satisfied

Persons Entitled

The Law Debenture Corporation (As Trustee)

Amount Secured

All obligations of kvaerner PLC (as issuer) to the chargee under or pursuant to the subsisting trust deeds and the supplemental trust deed present or future, actual or contingent including the payment of principal of and interest on the outstanding stock and all other monies covenanted to be paid by the issuer to the chargee in respect of the external bonds under the subsisting trust deeds and supplemental trust deeds

Short Particulars

All the company's right title benefit and interest in the initial amount of £1,227,746.54 and the deposit being the credit balance on any account to which all or any part of the initial amount may be credited from time to time (or any renewal or redesignation thereof) and all rights benefits and proceeds in respect thereof.

Transactions

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A sixth supplemental trust deed dated 15TH november 2000 between the company, kvaerner PLC (the "issuer" ) and the law debenture trust corporation P.L.C.

Created on 15 Nov 2000

Delivered on 16 Nov 2000

Status fully-satisfied

Persons Entitled

The Law Debenture Corporation (As Trustee)

Amount Secured

All obligations of kvaerner PLC (as issuer) to the chargee under or pursuant to the subsisting trust deeds and the supplemental trust deed present or future, actual or contingent including the payment of principal of and interest on the outstanding stock and all other monies covenanted to be paid by the issuer to the chargee in respect of the external bonds under the subsisting trust deeds and supplemental trust deeds

Short Particulars

All the company's right title benefit and interest in the initial amount of £5,879,034.33 and the deposit being the credit balance on any account to which all or any part of the initial amount may be credited from time to time (or any renewal or redesignation thereof) and all rights benefits and proceeds in respect thereof.

Transactions

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A fourth supplemental trust deed dated 15TH november 2000 between the company, kvaerner PLC (the "issuer" ) and the law debenture trust corporation P.L.C.

Created on 15 Nov 2000

Delivered on 16 Nov 2000

Status fully-satisfied

Persons Entitled

The Law Debenture Trust Corporation (As Trustee)

Amount Secured

All obligations of kvaerner PLC (as issuer) to the chargee under or pursuant to the subsisting trust deeds and the supplemental trust deed present or future, actual or contingent including the payment of principal of and interest on the external bonds and all other monies covenanted to be paid by the issuer to the chargee in respect of the external bonds under the subsisting trust deeds and supplemental trust deeds excluding any obligations of the issuer in respect of payment of principal and interest on the kvaerner bonds

Short Particulars

All the company's right title benefit and interest in and to the initial amount of £12,736,708.88 and the deposit being the credit balance on any account to which all or any of part of the initial deposit may be credited from time to time (and any renewal or redesignation thereof) and all rights benefits and proceeds in respect thereof.

Transactions

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Legal charge

Created on 15 Jan 1982

Delivered on 28 Jan 1982

Status fully-satisfied

Persons Entitled

Barclays Bank PLC

Amount Secured

All monies due or to become due from the company and/or trafalgar house limited to the chargee on any account whatsoever pursuant to a facility letter dated 23.3.78

Short Particulars

L/Hold bush lane housse, 80, cannon street, london EC4 title no ngl 337827.

Transactions

Mortgage

Created on 05 Mar 1952

Delivered on 18 Mar 1952

Status fully-satisfied

Persons Entitled

North British Ad Mercantile Insurance Company Limited

Amount Secured

£90,000

Short Particulars

1-18 station buildings new bridge stree t london.

Transactions