Common use of Fixed Asset Investments Clause in Contracts

Fixed Asset Investments. Current Assets New Mortgage Loans 0 Interest Receivable 0 Other debtors 0 Cash at Bank 0 ------------------- 0 ------------------- Creditors: Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 =================== 0 =================== Net current assets 0 =================== Total Assets less current liabilities 0 =================== Share Capital 0 Reserves 0 =================== 0 =================== Diff 0 SCHEDULE 3B Form of Funding Quarterly Report Granite Finance Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable - Mortgages Interest Receivable - Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on ordinary 0 0 activities before tax Taxation Profit/loss on ordinary 0 0 activities after tax Retained profit brought forward 0 0 Retained profit for the year 0 0 Granite Finance Funding Limited Balance Sheet Period Ended (GBP) 000's (GBP) 000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------- 0 ------------------- Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specify) 0 -------------- Total Assets less current liabilities 0 ============== Share Capital 0 Reserves 0 -------------- 0 ============== Diff 0

Fixed Asset Investments. Current Assets New Mortgage Loans 0 Interest Receivable 0 Other debtors 0 Cash at Bank 0 ------------------- -------------------- 0 ------------------- -------------------- Creditors: Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 ==================== 0 ==================== Net current assets 0 ========================= Total Assets less current liabilities 0 ========================= Share Capital 0 Reserves 0 ========================= 0 ========================= Diff 0 SCHEDULE 3B Form of Funding Quarterly Report Granite Finance Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable - Mortgages Interest Receivable - Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on ordinary 0 0 activities before tax Taxation Profit/loss on ordinary 0 0 activities after tax Retained profit brought forward 0 0 forward Retained profit for the year 0 0 year Granite Finance Funding Limited Balance Sheet Period Ended (GBP) 000's (GBP) 000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------- --------------------- 0 ------------------- --------------------- Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specify) 0 -------------- ---------------------- Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 -------------- ---------------------- 0 ====================== Diff 0

Fixed Asset Investments. Current Assets New Mortgage Loans 0 Interest Receivable 0 Other debtors 0 Cash at Bank 0 ------------------- -------------------------- 0 ------------------- -------------------------- Creditors: Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 ========================== 0 ========================== Net current assets 0 ========================= Total Assets less current liabilities 0 ========================= Share Capital 0 Reserves 0 ========================= 0 ========================= Diff 0 SCHEDULE 3B Form of Funding Quarterly Report Granite Finance Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable - Mortgages Interest Receivable - Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on ordinary 0 0 activities before tax Taxation Profit/loss on ordinary 0 0 activities after tax Retained profit brought forward 0 0 forward Retained profit for the year 0 0 year Granite Finance Funding Limited Balance Sheet Period Ended (GBP) 000's (GBP) 000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------- --------------------- 0 ------------------- --------------------- Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specify) 0 -------------- ---------------------- Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 -------------- ---------------------- 0 ====================== Diff 0

Fixed Asset Investments. Current Assets 0 New Mortgage Loans 0 Interest Receivable 0 Other debtors 0 Cash at Bank 0 ------------------- 0 ------------------- Creditors: Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 =================== 0 =================== Net current assets 0 =================== Total Assets less current liabilities 0 =================== Share Capital 0 Reserves 0 =================== 0 =================== Diff 0 SCHEDULE 3B Form of Funding Quarterly Report Granite Finance Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable - Mortgages Interest Receivable - Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on ordinary 0 0 activities before tax Taxation Profit/loss on ordinary 0 0 activities after tax Retained profit brought forward 0 0 Retained profit for the year 0 0 Granite Finance Funding Limited Balance Sheet Period Ended (GBP) 000's (GBP) 000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------- 0 ------------------- Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specify) 0 -------------- Total Assets less current liabilities 0 ============== Share Capital 0 Reserves 0 -------------- Back to Contents SCHEDULE 4 FORM OF FUNDING QUARTERLY REPORT Xxxxxx Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter £ £ Interest Receivable – Mortgages Interest Receivable – Cash Deposits Interest Payable – Intercompany Loan Interest Payable Net Operating Income 0 ============== Diff 00 Other Income Insurance Commission Operating Expenses Deferred Consideration Profit/loss on ordinary activities before tax 0 0 Taxation Profit/loss on ordinary activities after tax 0 0 Retained profit brought forward 0 0 Operating Expenses 0 0 Xxxxxx Funding Limited Notes to Balance Sheet Period ended [•] £'000 £'000 £'000 £'000 Balance on cash accumulation ledger Nil Back to Contents Available credit enhancement First Second Funding Reserve Reserve Reserve Reserve funds at closing 0 0 0 Initial closing reserve funds 0 0 0 Drawings to make bullet repayment 0 0 0 Other drawings 0 0 0 Transfers from revenue receipts 0 0 0 Closing reserve balance 0 0 0 Target reserve funds 0 0 0 Principal deficiency ledger AAA AA A BBB Opening PDL balance Nil Nil Nil Nil Losses this quarter - - - - PDL top up from revenue income - - - - Closing PDL balance Nil Nil Nil Nil Start up loan outstanding Opening Repayment Closing balance balance Restated Initial start up loan (incl. accrued interest) 0 0 0 Back to Contents SIGNATORIES Signed by T.C.R. Shepherd ) for and on behalf of ) /s/ T.C.R. Xxxxxxxx XXXXX NATIONAL PLC ) as Cash Manager ) Signed by T.C.R. Shepherd ) for and on behalf of ) /s/ T.C.R. Xxxxxxxx XXXXX NATIONAL PLC ) as Seller ) Signed by Xxxxxx XxXxxxxxx ) for and on behalf of ) /s/ Xxxxxx XxXxxxxxx XXXXXX TRUSTEES LIMITED ) Signed by Xxxxxx XxXxxxxxx ) for and on behalf of ) /s/ Xxxxxx XxXxxxxxx XXXXXX FUNDING LIMITED ) Signed by Xxxxx X. Xxxxxx ) for and on behalf of ) /s/ Xxxxx X. Xxxxxx JPMORGAN CHASE BANK, N.A., ) LONDON BRANCH )

Fixed Asset Investments. Current Assets New Mortgage Loans 0 Interest Receivable 0 Other debtors 0 Cash at Bank 0 ------------------- --------------------- 0 ------------------- --------------------- Creditors: Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 ===================== 0 ===================== Net current assets 0 ====================== Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 ====================== 0 ====================== Diff 0 SCHEDULE 3B Form of Funding Quarterly Report Granite Finance Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable - Mortgages Interest Receivable - Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on ordinary 0 0 ordinary activities before tax Taxation Profit/loss on ordinary 0 0 ordinary activities after tax Retained profit 0 0 brought forward 0 0 Retained profit for 0 0 the year 0 0 Granite Finance Funding Limited Balance Sheet Period Ended (GBP) 000GBP)000's (GBP) 000GBP)000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------- ---------------- 0 ------------------- ---------------- Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specifyLoan(s)(specify) 0 -------------- ----------- Total Assets less current liabilities 0 ============== Share Capital 0 Reserves 0 -------------- ----------- 0 ============== Diff 0

Fixed Asset Investments. Current Assets New Mortgage Loans 0 Interest Receivable 0 Other debtors 0 Cash at Bank 0 ------------------- --------------------- 0 ------------------- --------------------- Creditors: Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 ===================== 0 ===================== Net current assets 0 ====================== Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 ====================== 0 ====================== Diff 0 SCHEDULE 3B Form of Funding Quarterly Report Granite Finance Funding Limited Profit & Loss Account Period Ended This Quarter Prior Quarter (GBP) 000's (GBP) 000's Interest Receivable - Mortgages Interest Receivable - Cash/ Authorised Investments 0 0 Interest Payable - Intercompany Loan Interest Payable 0 0 Other Income Operating Expenses Deferred Consideration Profit/loss on ordinary 0 0 ordinary activities before tax Taxation Profit/loss on ordinary 0 0 ordinary activities after tax Retained profit 0 0 brought forward 0 0 Retained profit for 0 0 the year 0 0 Granite Finance Funding Limited Balance Sheet Period Ended (GBP) 000's (GBP) 000's Fixed Asset Investments Beneficial Interest in Mortgage Portfolio 0 Current Assets Interest Receivable 0 Deferred Expenditure (costs of Securing) 0 Other debtors 0 Cash at Bank 0 Creditors: Amounts falling due within one year Accruals 0 Deferred Consideration Creditor 0 Interest Payable Accrual 0 Taxation 0 ------------------- ------------------ 0 ------------------- ------------------ Net current assets 0 Creditors: Amounts falling due after one year Intercompany Loan 0 Start-up Loan(s) (specify) 0 -------------- ------------------ Total Assets less current liabilities 0 ================== Share Capital 0 Reserves 0 -------------- ------------------ 0 ================== Diff 0