GRACECHURCH UTG NO. 425 LIMITED

Company number 02979555

• 112 charges registered: 111 outstanding, 1 satisfied, 0 part satisfied

Amendment and restatement lloyd's american instrument 1995 (general business for corporate members) ("the 1995 american instrument (corporate members") dated 31 july 1995 & amended on 28 december 2001, 1 april 2001, 1 august 2001, 13 february 2002, 27 september 2007 &

• Created: 24 March 2009
• Delivered: 7 April 2009
• Status: Outstanding

Persons entitled

• Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

Short particulars

All the present and future assets of the member comprised…

Lloyd's american trust deed (the " trust deed")

• Created: 24 March 2009
• Delivered: 7 April 2009
• Status: Outstanding

Persons entitled

• The American Trustee, All Policy Holders and Certain Other Persons or Bodies (As Defined on the Form M395)

Short particulars

All premiums and other moneys payable during the trust term…

Lloyds security and trust deed (reverse interavailable-short form) (the trust deed)

• Created: 18 December 2007
• Delivered: 21 December 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

(1)As security for the secured obligations referred to in…

Lloyds security and trust deed (reverse interavailable-short form) (the trust deed)

• Created: 18 December 2007
• Delivered: 21 December 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

(1)As security for the secured obligations referred to in…

Lloyds security and trust deed (reverse interavailable-short form) (the trust deed)

• Created: 18 December 2007
• Delivered: 21 December 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

(1)As security for the secured obligations referred to in…

Lloyds security and trust deed (reverse interavailable-short form) (the trust deed)

• Created: 18 December 2007
• Delivered: 21 December 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

(1)As security for the secured obligations referred to in…

Lloyds security and trust deed (reverse interavailable-short form) (the trust deed)

• Created: 18 December 2007
• Delivered: 21 December 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

(1)As security for the secured obligations referred to in…

Lloyds security and trust deed (reverse interavailable-short form) (the trust deed)

• Created: 18 December 2007
• Delivered: 21 December 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

(1)As security for the secured obligations referred to in…

Lloyd's security and trust deed (interavailable-short form) (letter of credit)

• Created: 29 December 2006
• Delivered: 12 January 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (reverse-interavailable-short form) (general business) (multiple members) (letter of credit)

• Created: 29 December 2006
• Delivered: 12 January 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (reverse-interavailable-short form) (general business) (multiple members) (letter of credit)

• Created: 29 December 2006
• Delivered: 12 January 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (reverse-interavailable-short form) (general business) (multiple members) (letter of credit)

• Created: 29 December 2006
• Delivered: 12 January 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (interavailable-short form) (letter of credit)

• Created: 29 December 2006
• Delivered: 12 January 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (interavailable-short form) (letter of credit)

• Created: 29 December 2006
• Delivered: 12 January 2007
• Status: Outstanding

Persons entitled

• Lloyd's

Short particulars

All monies and other property after the date of the trust…

Lloyds security and trust deed (interavailable-short form) (letter of credit) (the trust deed)

• Created: 1 January 2005
• Delivered: 20 January 2005
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's, the Trustees, Thethe Beneficiaries and the Other Persons or Bodies (As Further Defined on Form M395)

Short particulars

(1)As security for the secured obligations referred to in…

Lloyd's deposit trust deed) (long-term business (life)) (the trust deed)

• Created: 12 December 2003
• Delivered: 23 December 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's (The Society) as Trusteesof Trusts Created by the Trust Deed

Short particulars

All monies and other property after the date of the trust…

Lloyd's deposit trust deed (the trust deed)

• Created: 12 December 2003
• Delivered: 23 December 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's (The Society) as Trusteesof Trusts Created by the Trust Deed

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (letter of credit) (the trust deed)

• Created: 12 December 2003
• Delivered: 23 December 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's (The Society) as Trusteesof Trusts Created by the Trust Deed

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (letter of credit) (the trust deed)

• Created: 12 December 2003
• Delivered: 23 December 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's (The Society) as Trusteesof Trusts Created by the Trust Deed

Short particulars

All monies and other property after the date of the trust…

Lloyd's security and trust deed (letter of credit) (the trust deed)

• Created: 12 December 2003
• Delivered: 23 December 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's (The Society) as Trusteesof Trusts Created by the Trust Deed

Short particulars

All monies and other property after the date of the trust…

Floating charge (the charge)

• Created: 12 December 2003
• Delivered: 19 December 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyds (The Society)

Short particulars

By way of floating charge the undertaking of the company…

Deposit trust deed (long-term business) (the "trust deed")

• Created: 17 November 2003
• Delivered: 25 November 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's, the Trustees, Thebeneficiaries and the Other Persons or Bodies (As Further Defined on Form M395)

Short particulars

All moneys or other property at any time paid or…

Agreement for the assignment of profits

• Created: 28 October 2003
• Delivered: 29 October 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's

Short particulars

Subject to any charge over and assignment by the company…

Security and trust deed (letter of credit and bank guarantee)

• Created: 26 February 2003
• Delivered: 8 March 2003
• Status: Outstanding

Persons entitled

• The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's, the Trustees, Thebeneficiaries and the Other Persons or Bodies (As Further Defined on Form M395)

Short particulars

All future profits of the underwriting business of the…

Charge in the terms of the lloyd's asia (singapore policies) instrument 2002(general business of all underwriting members) (the singapore policies instrument)

• Created: 13 February 2002
• Delivered: 5 March 2002
• Status: Outstanding

Persons entitled

• The Society (Lloyds) and the Managing Agents Offshore Policies Trustees of Any Managing Agent(as Further Described on Form M395)

Short particulars

All present and future assets of the member comprised in…