Snc Securities Limited

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AND AMENDING THE DEED OF PLEDGE DATED 22 NOVEMBER 1994

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AND AMENDING THE DEED OF PLEDGE DATED 22 ND NOVEMBER 1994

AND AMENDING THE DEED OF PLEDGE DATED NO VEMBER 22ND 1994

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AND AMENDING THE DEED OF PLEDGE DATED 22 NOVEMBER 1994

AND AMENDING THE DEED OF PLEDGE DATED 22 NOVEMBER 1994

AND AMENDING THE DEED OF PLEDGE DATED 22 NOVEMBER 1994

THE PLEDGOR HAS UNDERTAKEN TO CONSTITUTE A SECURITY INTEREST IN FAVOR OF THE PLE DGEE,TO SECURE EACH AND ALL OF ITS OBLIG ATIONS VIS A'VIS THE PLEDGEE UNDER THE L ETTER,BY PLEDGING IN FAVOR OF THE PLEDGE E ALL ITS RIGHTS IN RESPECT OF THE SECUR ITIES.THE DECLARATION OF PLEDGE IS INTEN DED TO AMEND THE DEED OF PLEDGE DATED 22 NOVEMBER 1994 AND IT IS AN ESSENTIAL PA RT OF IT.THE DECLARATION OF PLEDGE DOES NOT REPRESENT A NEW DEED OF PLEDGE.

AND AMENDING THE DEED OF PLEDGE DATED NO VEMBER 22 1994

AND FOR AMENDING THE TERMS OF THE DECLAR ATION OF PLEDGE DATED 22ND NOVEMBER 1994

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AND AMENDING THE OBLIGATIONS OF THE DEED OF PLEDGE DATED 4 OCTOBER 1994

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EACH AND ALL OF THE COMPANY'S OBLIGATION S TO THE CHARGEE UNDER THE TERMS OF THE DEED OF PLEDGE DATED 4 OCTOBER 1994

AND FOR AMENDING THE TERMS OF THE DEED O F PLEDGE DATED 4TH OCTOBER 1994

EACH AND ALL OF THE COMPANY'S OBLIGATION S TO THE CHARGEE UNDER THE TERMS OF THE LETTER

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THE OBLIGATIONS TO PAY ALL UNPAID PRINCI PAL OF AND ACCRUED INTEREST ON AND ANY O THER INDEBTEDNESS UNDER AN OVERDRAFT FAC ILITY OF US$15,000,000 (THE FACILITY)DUE FROM THE COMPANY TO THE CHARGEE UNDER T HE AGREEMENT

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ALL AMOUNTS REFERRED TO IN CLAUSE 19 (2) OF THE GENERAL BUSINESS CONDITIONS AND ALL AMOUNTS REFERRED TO IN CLAUSE 6,15 A ND 17 OF THE SECURITIES LOAN MASTER AGRE EMEMENT DATED 4/1/91

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EXTENDS THE PROVISIONS OF THE PRINCIPAL CHARGE OF EVEN DATE

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