Manchester Garages Holdings Limited

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IN FAVOUR OF THE CHARGEE THE ACTUAL, CON TINGENT, PRESENT AND/OR FUTURE OBLIGATIO NS AND LIABILITIES OF THE COMPANY TO ANY OF THE SECURED PARTIES (AS DEFINED) UND ER OR PURSUANT TO THE SECURED DOCUMENTS (AS DEFINED) WHICH ARE MORE PARTICULARLY CONTAINED IN THE GUARANTEE AND DEBENTUR E DATED 2ND JANUARY 1998

IN FAVOUR OF THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTE E FOR THE SECURED PARTIES (AS DEFINED) T HE ACTUAL, CONTINGENT, PRESENT AND/OR FU TURE OBLIGATIONS AND LIABILITIES OF THE COMPANY TO ANY OF THE SECURED PARTIES (A S DEFINED) UNDER OR PURSUANT TO ALL OR A NY OF THE SECURED DOCUMENTS (AS DEFINED)

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/J

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/J

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