GRACECHURCH UTG NO. 119 LIMITED

Company number 02853869

Security and trust deed (parent company covenant) (the "trust deed")

• Created: 23 December 1996
• Delivered: 8 January 1997
• Status: Outstanding
• Transaction Filed: Registration of a charge (395)

Persons entitled

• Lloyds's, the Trustees and the Beneficiaries and the Premiums Trusteesand the Other Persons or Bodies as are Defined on the Form M395

Amount secured

All sums from time to time payable to the trustee (as defined therein) under the covenant of the company with the trustees set out at 2(b)(i) of the trust deed

Short particulars

All future profits of the underwriting business of the company at lloyd's subject to any prior charge contained in the premiums trust deed (as defined).