Document:

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                                                                    EXHIBIT 4.12

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                AGREEMENT FOR THE SALE AND PURCHASE OF SHARES IN
                 THE COMPANIES SAMMIC, S.A. AND SAMMIC LIMITED

                              Entered into between

                                of the one part,

               ENODIS NEDERLAND BV, BERISFORD INDUSTRIAL HOLDINGS
                               LTD and ENODIS PLC

                                       AND

                                of the other part

                           ASOCIACION KAISERI 99, S.L.

                            Madrid, 13 December 2.001

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In Madrid, on 13 December 2001.

                                        I

                                     APPEAR

Of the one part,

Enodis Nederland BV, a company whose details, together with the person acting
for and on behalf of the company and the powers of that person, are shown in
Appendix A.

Berisford Industrial Holdings Ltd, a company whose details, together with the
person acting for and on behalf of the company and the powers of that person,
are shown in Appendix B.

Enodis Plc, a company whose details, together with the person acting for and on
behalf of the company and the powers of that person, are shown in Appendix C.

Of the other part,

ASOCIACION KAISERI 99, S.L., a company whose details, together with the person
acting for and on behalf of the company and the powers of that person, are shown
in Appendix D.

                                       II

                                   DEFINITIONS

For the purposes of this Agreement the terms which appear in Appendix E shall
have the meaning attributed to each of them in the said Appendix. Other terms
may be defined elsewhere in the Agreement.

The parties mutually acknowledge the fact that they have sufficient capacity to
execute this Agreement,

                                       III

                                     WHEREAS

I.-  Sammic, S.A. is a Spanish public limited company [sociedad anonima] which
     has its registered office at calle Atxubiaga, 14, Azpeitia (Guipuzcoa). It
     was incorporated with the name of Berisford Espana, S.A. for an indefinite
     length of time pursuant to a deed executed before the Madrid Notary Public
     Mr Carlos Ruiz-Rivas Hernando on

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       23 June 1997, is registered in the Guipuzcoa Companies Registry in volume
       1,648, sheet SS-12.852, folio 1, section 8, and is the holder of
       Taxpayer's Identification Code n(0) A20597951. It has a share capital of
       one thousand million pesetas (1,000,000,000 ptas.) divided into one
       million registered shares with a nominal value of 1,000 ptas. each,
       numbered 1 to 1,000,000 inclusive, which are fully paid up and belong to
       the same class and series and which do not have any ancillary benefits
       connected with their ownership.

II.-   Enodis Nederland BV is the owner of all the Shares in Sammic, S.A., which
       are free from any kind of charge or encumbrance and there is no retention
       of a judicial or any other kind over them, nor are they subject to any
       attachments. All the requirements of the law and the company's Articles
       of Association in relation to their transfer have been complied with,
       meaning that the transfer can take place without restriction as all the
       Shares are fully and lawfully owned by Enodis Nederland BV. The
       certificates which evidence ownership of the Shares in Sammic, S.A. are
       identified in Appendix II.

III.-  Berisford Industrial Holdings Ltd. is the owner of 27,400 preference
       shares and 30 ordinary shares in Sammic Limited, which are free from any
       kind of charge or encumbrance and there is no retention of a judicial or
       any other kind over them, nor are they subject to any attachments. All
       the requirements of the law and the company's Articles of Association in
       relation to their transfer have been complied with, meaning that the
       transfer can take place without restriction as all the Shares in Sammic
       Limited are fully and lawfully owned by Berisford Industrial Holdings
       Ltd. The certificates which evidence ownership of the Shares in Sammic
       Limited are identified in Appendix III. The other shares representing the
       capital of Sammic Limited, other than the Shares in Sammic Limited (as
       the said term is defined herein) are owned by Sammic, S.A.

IV.-   Sammic, S.A. is the parent company of various Subsidiaries whose
       identification details are shown in Appendix IV. Appendix IV also shows
       the instruments by which the shares and/or interests in the Subsidiaries
       were acquired. They are free from any kind of charge or encumbrance and
       there is no retention of a judicial or any other kind over them, nor are
       they subject to any attachments.

V.-    The business of Sammic, S.A. and the Subsidiaries consists principally of
       the manufacture and sale of sale of machinery, fittings and other
       equipment for industrial catering use.

VI.-   The Purchaser has conducted a review of the position of Sammic, S.A. and
       the Subsidiaries ("Due diligence") pursuant to which no material
       contingency was discovered which should have been reflected in the
       Financial Statements, specially, nor having detected any failure to
       comply with the Social Security obligations or voluntary additional
       payments to Social Security benefits (contributions to pensions plans or
       funds).

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VII.-  In order to fix and define the respective positions of the Vendors and
       the Purchaser in relation to the Shares to be acquired pursuant to this
       Agreement, the Parties have agreed to enter into this Agreement on the
       basis of the following

                                       IV

                                     CLAUSES

Clause 1.   Sale and purchase of the Shares

1.1    Sale and purchase

       By this Agreement Enodis Nederland BV agrees to sells the Shares in
       Sammic, S.A. to the Purchaser and the Purchaser agrees to purchases the
       same, with everything which is incidental to and inherent in them, free
       from charges, encumbrances, mortgages and liabilities.

       By this Agreement Berisford Industrial Holdings Ltd. agrees to sells
       the Shares in Sammic Limited to the Purchaser and the Purchaser agrees
       to purchases the same, with everything which is incidental to and
       inherent in them, free from charges, encumbrances, mortgages and
       liabilities.

1.2    Purchase Price

       The purchase price ("Purchase Price") of the Shares is as follows:

           (i)      20,512,277.90 pounds sterling plus 419,253,912 pesetas for
                    all the Shares in Sammic, S.A., a price to be allocated
                    equally in all the Shares in Sammic, S.A.

           (ii)     100,000 pounds sterling for the Shares in Sammic Limited,
                    that is to say, a price of one pound for each of the 27,400
                    preference shares of Sammic Limited that are owned by
                    Berisford Industrial Holdings Limited and 72,600 pounds
                    sterling for 30 ordinary shares of Sammic Limited that are
                    owned by Berisford Industrial Holdings Limited, that is,
                    2,420 pounds sterling for each of the ordinary shares.

1.3    Payment Mechanism

        The price of the Shares is hereby paid in full in the following manner:

           (i)      As regards 20 million pounds sterling of the Purchase Price,
                    it is hereby to be paid its equivalent in Euros at the
                    Conversion Rate, that is, thirty two million two hundred and
                    six thousand one hundred and nineteen Euros and sixteen
                    cents (32,206,119.16) at the direction  of the Vendors by
                    means of an irrevocable electronic transfer to:

                     National Westminster Bank Plc, London

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                           Swift Code: NWBKGB2L

                           Further credit to:

                           National Westminster Bank Plc

                           Great Yarmouth Branch

                           Sort Code: 55-81-45

                           For the account of: Enodis Plc

                           Account number: 06118550

              (ii)     As regards the remaining amount of 612,277.90 pounds
                       sterling and 419,253,912 pesetas of the Purchase Price by
                       express indication of Enodis Nederland BV, it will be
                       paid by the Purchaser to the following persons and in the
                       following amounts in settlement of debts maintained to
                       date by Companies of the Enodis Group:

                       -   To Sammic, S.A. an amount of 419,253,912 pesetas in
                           settlement of the debt maintained by Enodis Plc
                           against Sammic, S.A. ;

                       -   To Sammic Limited an amount of 480,630.60 pounds
                           sterling in settlement of the debt maintained by
                           Enodis Plc against Sammic Limited;

                       -   To Sammic Limited an amount of 131,647.30 pounds
                           sterling in settlement of the debt maintained by
                           Viscount Catering Limited against Sammic Limited.

                       The payment mechanism set out in this paragraph (ii) of
                       this Clause 1.3 has been expressly accepted by Sammic,
                       S.A. and Sammic Limited as constituting full and final
                       settlement for Enodis Plc. (for the case of Sammic, S.A.)
                       and for Enodis Plc and Viscount Catering Limited (for the
                       case of Sammic Limited) as regards the mentioned
                       intercompany loans.

Clause 2.     Other actions and commitments of the Parties

     2. 1     Resignation of the directors of Sammic, S.A. and of the
              Subsidiaries.

              The Vendors hereby deliver to the Purchaser letters of
              resignation, with the signatures authenticated by Notary Public,
              from all the members of the administrative body of Sammic, S.A.
              and of the Subsidiaries, save for those who belong to the
              Management Team.

              The Purchaser undertakes to hold General Meetings of Sammic, S.A.
              and of its Subsidiaries on the date of execution of this
              Agreement in order to accept the resignations submitted by the
              members of the administrative body with the

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               approval of the management and to appoint the new members of the
               administrative body. The approval of the management does not
               constitute a reduction in or alteration to the liabilities and
               obligations of the Vendors under this Agreement.

               Likewise, the Purchaser undertakes to deliver to the Vendors the
               letters of confirmation to be issued by Sammic, S.A. and by
               Sammic Limited in the agreed form pursuant to which they will
               confirm that the debts that have been satisfied in accordance
               with Paragraph (ii) of Clause 1.3 of this Agreement.

       2.2     Commercial Debts

               On the date of execution of this Agreement all the outstanding
               Commercial Debts owed by Parties Connected with the Vendors to
               Sammic, S.A. have been paid. In the case of the Commercial Loans
               of Sammic, S.A. and/or any of the Subsidiaries to Parties
               Connected with the Vendors and which at the date hereof have not
               yet become due and payable, which are the loans specified in
               Appendix 2.2, the Vendors expressly undertake that the said debts
               will be duly paid on their respective due dates, in the ordinary
               course of business.

               The Parties expressly state that at the present time there are no
               other loans or debts between Sammic, S.A. and/or the Subsidiaries
               (on the one hand) and any Party Connected with the Vendors (on
               the other hand) whether of a commercial nature or any other
               nature, save for those referred to in the aforementioned Appendix
               2.2.

       2.3     Documentation of Sammic, S.A. and the Subsidiaries

               The Vendors deliver to the Purchaser upon receipt of the Purchase
               Price, all the official books, notarised deeds, authorisations or
               administrative resolutions and other documentation of Sammic,
               S.A. and the subsidiaries in its power or held to its order at
               the date of business execution of the Agreement.

Clause 3.     Liability of the Vendors

         Scope of liability

       3.1     Subject to each of the limitations contemplated in this
               Agreement, the Vendors are jointly and severally liable to the
               Purchaser for any financial losses which are actually caused to
               the Purchaser, the Company and/or the Subsidiaries and which
               arise out of facts which arose or existed prior to the date of
               execution of this Agreement and which result from:

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          (i)   The lack of veracity of the information contained in the
                Financial Statements as at 30 September 2001 which are attached
                as Appendix 3.1 or the existence of encumbrances over assets or
                guarantees provided which are not reflected in the books;

          (ii)  The occurrence of any event, the performance of any action or
                the assumption of any commitment which is outside the ordinary
                course of business between the closing date of the Financial
                Statements and the date of execution of this Agreement in the
                context of the Company and/or any of the Subsidiaries.

          (iii) A failure on the part of the Company and/or any of the
                Subsidiaries to comply with their obligations arisen from the
                law as from 1 January 1998 and the date of execution of this
                Agreement.

     3.2  It is expressly understood that there may only be a liability on the
          Vendors in the terms of this Agreement if there is a certain financial
          loss determined in a court judgement or arbitration award or expressly
          accepted by the Vendors, which means that the mere detection by the
          Purchaser or by a third party of a potential liability, even if it is
          derived from any of the circumstances referred to in the previous
          subparagraph, shall not give rise to a situation of liability.

     3.3  In relation to the lease (the "Lease") dated 19 June 1995 between
          Market Harborough (Valley Way) Estates Limited and Sammic Limited of
          the premises known as Unit B4 The Welland Industrial Estate, Market
          Harborough, Leicestershire, UK (the "Premises") it is hereby agreed
          between the Parties that:

          (i)   Assignment of the Lease is conditional on the grant of consent
                (the "Licence") by the Landlord under the Lease (the
                "Landlord"). Berisford Industrial Holdings Ltd, on behalf of
                the Purchaser, shall use all reasonable endeavours to obtain
                the Licence including payment of the Landlord's and its
                solicitor's reasonable costs in connection with the Licence
                and will keep the Purchaser fully informed at all times of
                the progress of each application for a Licence and will
                promptly supply the Purchaser with copies of all
                correspondence or attendance or meeting notes in relation to
                the application for a Licence if the Purchaser so requests.

          (ii)  The Purchaser shall give to Berisford Industrial Holdings Ltd,
                all reasonable assistance in compliance with the terms of the
                Lease.

          (iii) If reasonably so required by the Landlord (having regard to the
                provisions of the relevant Lease and Section 19(1) of the
                Landlord and Tenant Act 1927), Berisford Industrial Holdings Ltd
                shall promptly execute the Licence, consent or other deed in
                order to give to the Landlord a direct covenant by Berisford
                Industrial Holdings Ltd to pay any rent reserved by,

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                 and to perform and observe any other obligation on the part
                 of the tenant contained in the Lease. Berisford Industrial
                 Holdings Ltd agrees that it shall provide or cause to be
                 provided such security as may be reasonably required by the
                 Landlord (having regard as aforesaid) in order to secure
                 performance of any covenant on the part of Berisford
                 Industrial Holdings Ltd to pay any rent reserved by, or to
                 perform and observe any other obligation on the part of the
                 tenant contained in the Lease provided that Berisford
                 Industrial Holdings Ltd will not be obliged to provide
                 personal director's guarantees or a rental deposit for a sum
                 greater than six months rent, but for the avoidance of doubt
                 will provide a guarantor from within Berisford Industrial
                 Holdings Ltd group if required by the Landlord pursuant to
                 the terms of the Lease.

          (iv)   Berisford Industrial Holdings Ltd shall procure that Berisford
                 Industrial Holdings Ltd's solicitors shall as soon as
                 practicable following the grant of the Licence notify the
                 Purchaser's solicitors of such grant and shall deliver to the
                 Purchaser's solicitors a copy of the Licence after receipt of
                 the duly executed and completed Licence.

          (v)    If the Licence is not granted within the period of six calendar
                 months after the Completion Date, or if, during that period,
                 the Landlord gives to the Purchaser notice in writing that the
                 Landlord refuses to grant the Licence (whether the Landlord has
                 reasonable grounds for such refusal or not or whether the
                 Landlord proposes placing any pre-condition on the grant of the
                 Licence or any condition in it which, in either case, Berisford
                 Industrial Holdings Ltd finds unacceptable) then Berisford
                 Industrial Holdings Ltd may at its own expense apply to the
                 Landlord for its consent to an underlease ("Licence to
                 Underlet") to Berisford Industrial Holdings Ltd for a term
                 equal to the residue of the term of the Lease in which case the
                 expression "Licence" shall be deemed to include the consent
                 sought by such application;

          (vi)   If Licence to Underlet is not obtained within 12 months after
                 the date of application Berisford Industrial Holdings Ltd shall
                 be entitled (but not obliged) by written notice to the
                 Purchaser to procure the Purchaser to grant an Underlease on
                 the terms set out in Clause 3.3 (v) notwithstanding the fact
                 that the Licence has not been obtained.

          (vii)  the Vendors or any Connected Party shall from the Completion
                 Date until determination or expiry of the Lease in accordance
                 with its terms ("Determination") (or the date of assignment of
                 the Lease to the Vendors and Connected Parties (the
                 "Assignment")) be entitled to remain in the Premises and occupy
                 it as licensee of the Purchaser; and

          (viii) Berisford Industrial Holdings Ltd shall, as from the Completion
                 Date until the earlier of Determination or Assignment, be
                 responsible for and indemnify the Purchaser against all costs,
                 claims or liabilities in relation

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                to the Premises including, the performance of all obligations
                relating to the Premises, rents, rates, water rates, insurance
                premiums and other outgoings of an annual or recurring nature
                (apportioned on a day to day basis) and also for all charges,
                gas and electricity and other services consumed at or supplied
                to the Premises insofar as they relate to the period following
                the Completion Date until the earlier of Determination or
                Assignment.

          (ix)  Until the earlier of Determination or Assignment the Purchaser
                shall manage and deal with the Premises in accordance with the
                terms of the Lease and the generally accepted principles of good
                estate management and undertakes to provide all reasonable
                assistance to the Vendors in respect of all material matters in
                relation to the Lease including but not limited to
                Determination, Assignment, the making of applications to the
                Landlord in respect of the management of the Premises or further
                assignment or underletting to a third party.

          (x)   Any income or profit derived from the Premises and received by
                the Purchaser after the Completion Date shall be paid to the
                Vendors.

Limitations on liability

     3.4  Given the fact that this transaction is a management buy-out, the
          liability of the Vendors is expressly excluded in those circumstances
          which derive from acts or omissions by any of the members of the
          Management Team or the persons who were under their supervision which
          were carried out on their own initiative, that is to say without
          responding to instructions given or policies indicated by the
          administrative body of Sammic, S.A. or the directors of companies in
          the Enodis Group.

     3.5  The liability of the Vendors shall continue in force for TWO (2)
          years. All other liabilities shall become statute-barred TWO (2) years
          after the date of execution of this Agreement unless such liability
          would have a shorter prescription term foreseen by law.

          A claim made within the time limits indicated and in accordance with
          the procedure set out in the next clause shall mean that the duration
          of the liability is extended until the resolution of the claim in
          accordance with the terms of this Agreement.

     3.6  Under no circumstances shall the Vendors be liable pursuant to this
          Agreement for an amount of more than 20 million pounds sterling (or
          its euro equivalent at the Commercial Rate).

     3.7  Any financial loss where the individual amount involved is equal to or
          less than three thousand euro (3,000) shall not give rise to
          any liability.

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     3.8  The liability of the Vendors shall only be enforceable if the
          financial loss actually suffered, whether as a result of one or a
          number of contingencies (excluding in any event those contemplated in
          subparagraph 3.4 above), exceeds the sum of three hundred thousand
          euro (300,000). Where it does the liability shall only extend to the
          amount which exceeds the sixty thousand euro (60,000).

     3.9  In relation to the contributions to the pension plans existing in the
          Company and/or the Subsidiaries, the Purchaser agrees that the Vendors
          are not and will not be liable for:

          -    Any obligation to pay new contributions which has to be made
               after the date of formalisation of this Agreement and that may be
               necessary to assure that the beneficiary receives the defined
               benefit or the defined contribution that has been guaranteed to
               him following the pension plan;

          -    Any obligation that arises in connection with employees of the
               Company or of any of the Subsidiaries that have been contracted
               after the date of formalisation of this Agreement;

          -    Any obligation that arises in connection with current employees
               of the Company or of any of the Subsidiaries which refers to the
               time after formalisation of this Agreement, even if it is based
               on the policies followed by the company and/or the Subsidiaries
               regarding contribution to the pension plans.

          It is understood that any eventual liability of the Vendors (different
          from the excepted cases contemplated in this clause which do not
          generate any liability) will be subject to all limitations provided
          for in this Agreement.

Clause 4. Obligation of the Vendors to indemnify

     4.1  In the cases of liability on the part of the Vendors which are
          contemplated in clause 3 above and subject to the limits set out
          therein, the Vendors shall be liable to indemnify the Purchaser. The
          payment of the corresponding indemnity shall be made by the Vendors
          directly to the Purchaser or, if the Purchaser so indicates, they
          shall make the payments to the Company and/or the Subsidiaries and
          this payment shall constitute a full release.

     4.2  Without prejudice to the application of the limitations on liability
          contemplated in clause 3 above, the amount of the compensation to be
          paid by the Vendors shall total the amount of the financial loss
          actually caused to the Company and/or the Subsidiaries and/or the
          Purchaser.

     4.3  The obligation on the Vendors to indemnify shall arise from the point
          in time at which the financial loss is actually caused to the
          Purchaser, the Company and/or the Subsidiaries.

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          For these purposes it is expressly stated that in cases where the
          possible liability of the Vendors arises out of a claim made by a
          third party against the Purchaser, against the Company or against any
          of the Subsidiaries, the financial loss shall be deemed to have
          actually occurred (and with it the obligation to indemnify to have
          arisen) from the point in time at which:

          (i)  the claim of the third party is expressly admitted by the Vendors
               or they decide - exercising their right of defence which is
               contemplated in clause 5 below - to accept the claim, to withdraw
               from the actions undertaken or not to make any appeal against the
               administrative or judicial decisions which find in favour of the
               third party's claim; or

          (ii) a court judgement or arbitral award is issued which finds in
               favour of the third party's claim. To the extent that the said
               judgement or award is not binding, the Vendors may choose between
               paying the corresponding indemnity or providing the Purchaser
               with a bank guarantee for the amount of the said indemnity.

     4.4  Any amount owed by one Party to the other pursuant to this Agreement
          shall accrue default interest at the legal rate calculated annually
          from the point in time at which it becomes due and payable in
          accordance with the provisions of this Agreement without the need for
          any demand for payment and shall be computed until the date on which
          the sums owed are duly paid.

Clause 5. Notices and procedure

     5.1  Claims between the Parties

          In the event that either of the Parties has to make a claim against
          the other pursuant to the provisions of this Agreement, the following
          procedure shall be used:

          (i)   When either of the parties becomes aware of the existence of an
                event which could result in the other incurring a liability
                pursuant to the provisions of this Agreement, it shall give
                notice thereof in writing, indicating the reasons and the amount
                and sending with the notice all the documentation which it
                possesses in relation to the fact or circumstance giving rise to
                the alleged loss;

          (ii)  if the said claim is not expressly accepted by the other Party
                within the thirty (30) calendar days following its notification,
                the claim shall be deemed to have been rejected; and

          (iii) in the event that the claim made is rejected, the dispute shall
                be resolved in accordance with the provisions of Clause 15
                hereof.

     5.2  Claim by a third party

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          The following rules shall apply specifically to any claim by third
          parties against the Purchaser, the Company or the Subsidiaries which
          may give rise to the payment of an indemnity by the Vendors to the
          Purchaser in accordance with the provisions of this Agreement:

          (i)   The Purchaser shall notify the Vendors of the claim received
                immediately and diligently so that the Vendors can take the
                appropriate decisions in order not to prejudice any actions
                which may be appropriate in law or the rights which this
                Agreement confers on the Vendors, if such actions are prejudiced
                due to the failure to give notice as indicated, the Vendors
                shall be released from the liability derived from this
                Agreement.

          (ii)  The Vendors may elect to treat the claim as being their
                responsibility and to appoint the professionals who are to deal
                with the claims made. The representatives appointed by the
                Vendors shall act pursuant to the powers of attorney required
                for the purpose which shall be given by the company affected at
                the appropriate time and in the appropriate manner, as required,
                and they shall co-ordinate their actions with the Purchaser.

                The Vendors shall instruct their representatives that when
                exercising the right of defence to which they are entitled
                pursuant to this clause, they must always take into account the
                interest of the company affected by the claim.

                It shall be understood that, insofar as the Vendors make use of
                their right to defend themselves, according to the provisions
                set forth herein, the Vendors may not oppose an exception
                regarding their liability foreseen in Clause 3.4 above.

          (iii) The Vendors shall have the power to require the Purchaser or the
                company affected to file any appeals that in the opinion of the
                Vendors and their lawyers, taking into account the opinion of
                the representatives of the Company and/or the Subsidiaries, it
                may be appropriate to make against administrative acts, court
                judgements of any kind or, where appropriate, awards or orders
                of arbitral tribunals.

          (iv)  All costs incurred as a result of the defence shall be assumed
                and paid by the Vendors if the claim or action of the third
                party is upheld wholly or in part or by the Company if it is
                dismissed in full.

          (v)   In the event that the Vendors waive their right to exercise
                their right of defence in writing, the Purchaser shall have the
                right to take whatever action it considers appropriate.

Clause 6. Non-competition

Pursuant to the provisions of the law, regulations or legal proceedings, the
Vendors undertake during a period of one (1) year from the execution date of the
present Agreement

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not to carry out, either directly or indirectly, and shall ensure that any
Related Party will not carry out during said period, any of the following
activities:

          (i)   to become owners, to manage, operate, control, hold a stake, as
                an investor, manager or any other, to be employed by, to provide
                consultancy services in relation to any of the manufacturing
                activities and sale of machinery, installations and other
                instruments for industrial catering use that are manufactured by
                Sammic, S.A.'s business activities on the execution date of the
                present Agreement in Spain and Portugal:

          (ii)  to employ or hire any person who, in a period of one year before
                the execution of the present Agreement, has been an employee,
                agent, consultant or any similar representative of the Company
                and/or its Subsidiaries in Spain and Portugal.

Furthermore, and for an indefinite period of time, the Vendors shall maintain
strictly confidential all the information that they have received (whether
verbally or in written form) or to which they have had access regarding the
Company and/or its Subsidiaries, and they may not make use of said information
to carry out any activities in any of the sectors in which the Company and/or
its Subsidiaries has a presence, subject to legal and regulatory requirements.

The Purchaser undertakes for an identical period of one (1) year calculated from
the execution date of the present Agreement that Sammic, S.A. shall grant
Viscount Catering Limited the commercial status as privileged client.

Non-compliance by any of the Parties of the undertakings set forth herein shall
imply the imposing of sanctions established by the corresponding courts or
arbitration bodies, but for the cases in which the damage caused is higher than
one hundred thousand euros (100,000) a penal clause is agreed together with the
losses and damages caused, in accordance with the provisions of Article 1.153 of
the Spanish Civil Code, calculated at the amount of one million six hundred
thousand (1,600,000) euros, notwithstanding the capacity held by the
corresponding courts and arbitration bodies to amend said amount.

Clause 7. Additional undertaking

7.1. In addition to the obligations assumed by virtue of this Agreement, Enodis
     Nederland BV secures the fulfilment of the obligations established in
     clauses 2.2, 3.3, 6 and 14 for the Connected Parties that are direct or
     indirect subsidiaries of Enodis Nederland BV.

7.2  Enodis plc. is the guarantor of the Connected Parties, other than those
     referred to in paragraph 7.1, in relation to the fulfilment of the
     obligations established in clauses 2.2, 3.3., 6 and 14.

7.3  Enodis Plc is the guarantor of Enodis Nederland BV in relation to the
     obligations assumed by the latter by virtue of this Agreement, undertaking
     to meet said obligations should Enodis Nederland BV not do so.

                                      -13-

<PAGE>

7.4  The rules set forth in the Spanish Civil Code regarding discussion,
     division and order in favour of the guarantor shall be applicable to the
     security deposits provided for in paragraphs 7.1, 7.2 and 7.3.

Clause 8. Non transfer undertaking

8.1  The Purchaser undertakes vis-a-vis the Vendors not to transfer or perform
     any transaction by which an equal result could be reached, be it directly
     or indirectly, pursuant to which a number of shares or indivisible quotas
     thereof equal to or in excess of 25% of the Shares, will be transferred for
     a price above that which is established in the present Agreement and within
     a term of one year as from the date hereof.

8.2  Should the obligation established in the previous paragraph be violated,
     the Vendors may claim from the Purchaser

          (i)   Should all the Shares be transferred, the payment of 77.7% of
                the price received by the Purchaser as a result of the transfer
                thereof, deducting the Price established in the Agreement;

          (ii)  Should 25% or more of the Shares be transferred, the payment of

                  (a) 50% of the price received by the Purchaser that can be
                      attributed due to each participation in the share capital
                      of the Purchaser to 3i Group plc. 3i Europartners IIIA LP
                      and 3i Europartners IIIB LP (or any other connected entity
                      to 3i (the "Connected Entity") to which any of these has
                      assigned its direct or indirect stake in the Purchaser),
                      deducting the result of applying the percentage of the
                      Shares effectively transferred and attributable to 3i
                      Group plc. 3i Europartners IIIA LP and 3i Europartners
                      IIIB LP (or any other Connected Entity to 3i to which any
                      of these has assigned its direct or indirect stake in the
                      Purchaser) at the Price established in this Agreement.

                  (b) 100% of the price received by the Purchaser attributable
                      to any other shareholder of the Purchaser, other than
                      amounts attributable at the date of this Agreement to 3i
                      Group plc 3i Europartners IIIA LP and 3i Europartners IIIB
                      LP (or any other Connected Entity to 3i to which any of
                      these has assigned its direct or indirect stake in the
                      Purchaser), deducting the result of applying the
                      percentage of the Shares effectively transferred and
                      attributable to said shareholder at the Price established
                      in this Agreement.

Clause 9. Transfer form and Tax-return form

9.1  At the date of execution of this Agreement Berisford Industrial Holdings
     Limited shall deliver to the Purchaser or its nominee (i) a duly executed
     transfer form in respect of the portion of Shares in Sammic Limited which
     it owns and (ii) the share certificates for such shares.

                                      -14-

<PAGE>

9.2  Berisford Industrial Holdings Ltd shall have the responsibility for, and
     the conduct of, preparing, submitting, negotiating and agreeing with the
     relevant tax authorities, all outstanding tax computations and returns of
     Sammic Limited for each accounting period up to and including that ending
     on 30 September 2001 (the "Relevant Accounting Periods").

     The Purchaser shall procure that Sammic Limited shall make such claims,
     surrenders, disclaimers and elections or give such notice or consent or do
     such other things as were taken into account in computing a provision for
     tax in any accounts of the Relevant Accounting Periods and may reasonably
     be directed by Berisford Industrial Holdings Ltd relating to the Relevant
     Accounting Periods.

     The Purchaser shall provide Berisford Industrial Holdings Ltd with such
     information and assistance which Berisford Industrial Holdings Ltd may
     reasonably require to prepare, submit and agree all tax computations,
     documents or correspondence relating to the Relevant Accounting Periods.

     Berisford Industrial Holdings Ltd and the Purchaser shall deliver to each
     other copies of all correspondence sent to, or received from, any tax
     authority relating to the tax computations for the Relevant Accounting
     Periods, as the case may be, delivery to be effected promptly on despatch,
     or as the case may be, receipt.

     The Purchaser shall take such action (including signing and authorising
     computations and returns) as is necessary or desirable to give effect to
     this clause.

Clause 10 Notices

10.1 The Parties nominate and to the extent necessary appoint as their
     representatives the individuals indicated in subparagraph 9.2 to represent
     them for the purposes of all notices, negotiations and incidents which may
     arise in the performance of this Agreement.

10.2 Any notice or communication which either of the Parties has to give to the
     other Party by reason of this Agreement must be made in writing and sent by
     urgent registered post with acknowledgement of receipt, carriage paid, to
     the addresses indicated below. Any notice sent by fax, electronic mail or
     other electronic means must be confirmed in writing in accordance with the
     above provisions, making reference to the fax, electronic mail etc.

     Any notice sent by any of the methods indicated above shall be deemed to
     have been received when it is actually known about or five (5) days after
     the date on which it was sent.

              The Vendors:             ENODIS NEDERLAND BV

                                       Mr W. Van de Giessen

                                      -15-

<PAGE>

                                  Heemraadssingel 261
                                  3023 CE Rotterdam, The Netherlands

                                  BERISFORD INDUSTRIAL HOLDINGS LIMITED
                                  Mr David Hooper
                                  Enodis PLC
                                  Washington House
                                  40-41 Conduit Street
                                  London W1S 2YQ, United Kingdom

        (a)
              The Purchaser:      ASOCIACION KAISERI 99, S.L.
                                  To the attention of the Chairman of the Board
                                  of Directors
                                  Atxubiaga, 14
                                  20730 Azpeitia - Guipuzcoa (Espana)
                                  Fax: + 34 94 3150190

              With copy to:       3i Europe plc Sucursal en Espana
                                  To the attention of the Managing Director
                                  C/ Ruiz y Alarcon, 12 - 2 (degrees) B
                                  28014 - Madrid (Espana)
                                  Fax: + 34 91 521 98 19

                                  3i Group plc, 3i Europartners IIIA
                                  LP and 3i Europartners IIIB LP.
                                  91 Waterloo Road, London SE1 8XP, UK
                                  For the attention of the Secretary of 3i
                                  Group plc.
                                  Fax: (44)(71) 928.00.58

                                      -16-

<PAGE>

        (b)
                                  ENODIS PLC
                                  Mr David Hooper
                                  Enodis PLC
                                  Washington House
                                  40-41 Conduit Street
                                  London W1S 2YQ, United Kingdom

Clause 11. General clauses

11.1 The headings of the paragraphs and clauses of this Agreement are included
     for ease of reference and do not form part of the Agreement.

11.2 This Agreement, its appendices and the agreements specifically referred to
     in it constitute the entire agreement between the Parties hereto as at the
     date of execution in relation to all matters which are dealt with herein
     and any prior act or agreement has no further effect.

11.3 No time period, condition, warranty or representation other than those
     contained in the Agreement and no amendment shall be binding, save where
     made in writing and signed by the Party making it.

11.4 The illegality, invalidity or unenforceability of any of the clauses of
     this Agreement shall not affect its efficacy provided that the rights or
     obligations of the Purchaser or the Vendors which are derived herefrom are
     not affected in a material way, with material meaning any action which
     seriously harms the interests of either of the Parties in such a way that
     it results in the lack of a proper defence or it falls on the very purpose
     of the Agreement.

11.5 To the extent that in compliance with the provisions of this Agreement both
     Parties agree any kind of statement, announcement or information in
     general, the contents of the same, whether oral or in writing, may not be
     used to attribute any meaning to the representations of the Parties nor to
     construe the clauses of this Agreement, its Appendices or ancillary
     documents or the intentions of the parties, nor to alter the true nature of
     the relationship agreed.

Clause 12. Expenses and taxes

Each Party shall assume the expenses incurred by it.

Any taxes which may be derived from the sale and purchase of the Shares shall be
borne by the Parties in accordance with the law.

                                      -17-

<PAGE>

Clause 13. Governing law

This Agreement shall be governed by and construed and performed in accordance
with Spanish law.

Clause 14. Confidentiality

14.1 Confidentiality

     Subject to the requirements of any law, regulation or judicial process, the
     Parties and those connected with them must maintain strict confidentiality
     in relation to the conditions laid down in this Agreement and the
     information of which they become aware from the other Party and must
     indemnify the said Party for any loss and damage caused by a breach of this
     duty of confidentiality. Both Parties must authorise the contents of any
     kind of announcement which they wish to make about this transaction.

14.2 Collaborators

     Subject to the requirements of any law, regulation or judicial process,
     Tthe Parties shall instruct their respective professionals, collaborators,
     employees and individuals who have had knowledge of the transaction or know
     about the operations and information which are considered confidential that
     they must maintain strict confidentiality in respect of such information or
     data and they shall be liable for any damage which a breach by such persons
     may cause to the other Party.

Clause 15. Arbitration

In order to resolve any dispute which results from the construction and/or
performance of this Agreement, the Parties submit to an arbitration in law in
accordance with the provisions of the Private Law Arbitration Act [Ley de
Arbitraje de Derecho Privado] of 5 December 1988 under the rules of the Madrid
Civil and Commercial Arbitration Court [Corte Civil and Mercantil de Arbitraje
de Madrid]. The arbitration shall take place in Madrid and three arbitrators
shall be appointed. The parties agree to be bound by and to comply with the
arbitral award in all its terms.

And in witness of their approval the Parties sign this Agreement in one copy to
a single effect in the place and on the date first before written.

/s/ Jose Maria Fernandez-Daza
-----------------------------
Mr Jose Maria Fernandez-Daza
as attorney for each of
Enodis Nederland BV, Berisford Industrial Holdings Ltd and Enodis Plc.

                                      -18-

<PAGE>

/s/ Francisco Javier Goenaga Aseguinolaza
-----------------------------------------

Mr. Francisco Javier Goenaga Aseguinolaza
for and on behalf of
ASOCIACION KAISERI 99, S.L.

                                      -19-

<PAGE>

         ANNEX A TO THE SALE AND PURCHASE AGREEMENT FOR COMPANY SHARES
                       IN SAMMIC, S.A. AND SAMMIC LIMITED

Identification details of the company ENODIS NEDERLAND BV

Enodis Nederland BV, a Dutch company, with registered address at Heemraadssingel
261, 3023 CE Rotterdam (The Netherlands) and registered at the Chamber of
Commerce and Industry of Rotterdam under number 27116495.

Is hereby represented by Mr Jose Maria Fernandez-Daza Alvear, of legal age,
married, with business address at Paseo de la Castellana 110, 28046 Madrid and
holding Spanish Identity Card 8.489.693-H, acting as Attorney, as recorded in a
power of attorney executed before Mr M.H.J. Veldhuis, Notary Public in Rotterdam
(The Netherlands), on 5 December 2001.

                                      -20-

<PAGE>

          ANNEX B TO THE SALE AND PURCHASE AGREEMENT FOR COMPANY SHARES
                       IN SAMMIC, S.A. AND SAMMIC LIMITED

Identification details of the company Berisford Industrial Holdings Limited

Berisford Industrial Holdings Limited, a British company, with registered
address at Washington House, 40-41 Conduit Street, London W1S 2YQ (England) and
registered at the Company Registry Office for England and Wales under number
2887689.

Is hereby represented by Mr Jose Maria Fernandez-Daza Alvear, of legal age,
married, with business address at Paseo de la Castellana 110, 28046 Madrid and
holding Spanish Identity Card 8.489.693-H, acting as Attorney, as recorded in a
power of attorney executed before Mr James Kerr Milligan, Notary Public in
London (England) on 4 December 2001.

                                      -21-

<PAGE>

          ANNEX C TO THE SALE AND PURCHASE AGREEMENT FOR COMPANY SHARES
                       IN SAMMIC, S.A. AND SAMMIC LIMITED

Identification details of the company Enodis Plc

Enodis Plc, a British company, with registered address at Washington House,
40-41 Conduit Street, London W1S 2YQ (England) and registered at the Company
Registry Office for England and Wales under number 109849.

Is hereby represented by Mr Jose Maria Fernandez-Daza Alvear, of legal age,
married, with business address at Paseo de la Castellana 110, 28046 Madrid and
holding Spanish Identity Card 8.489.693-H, acting as Attorney, as recorded in a
power of attorney executed before Mr James Kerr Milligan, Notary Public in
London (England) on 6 December 2001.

                                      -22-

<PAGE>

                      ANNEX D TO THE ACQUISITION AGREEMENT

Identification data for the company ASOCIACION KAISERI 99, S.L.

The company ASOCIACION KAISERI 99, S.L., with registered address in San
Sebastian, at Calle Avenida de la Libertad, number 20, 2A, incorporated for an
indefinite term by means of a deed authorised by Mr Eduardo Ares de Parga
Saldias, Notary Public in Bilbao, on 14 November 2001, under number 2,793 of his
official records, and which is pending recording in the Mercantile Registry of
Guipuzcoa.

Said company acts through its representative, Mr Jose Maria Pena Neira, of legal
age, married, resident of Azpeitia (Guipuzcoa), with address at Calle Atxubiaga,
number 13, and bearer of Spanish National Identity Document number 16.036.301-B,
acting in his capacity as attorney, pursuant to a deed authorised on 10 December
2001 by Mr Eduardo Ares de Parga Saldias, Notary Public in Bilbao, under number
3,072 of his official records.

                                      -23-

<PAGE>

                      ANNEX E TO THE ACQUISITION AGREEMENT

DEFINITIONS

Shares                      Means the Shares in Sammic, S.A and the Shares in
                            Sammic Limited jointly

Shares in Sammic Limited    Means the 30 ordinary shares and 27,400 preference
                            shares in the English company Sammic Limited, a
                            company incorporated in England under number
                            02765706, which are identified in Appendix III.

Shares in Sammic, S.A.      Means all of the shares in Sammic, S.A. owned by
                            Enodis Nederland BV, which are identified in
                            Appendix II.

Appendices                  Means the appendices which are attached to this
                            document as an integral part of the Agreement.

Purchaser                   Means ASOCIACION KAISERI 99, S.L.

Agreement                   Means this agreement, its Appendices.

Management Team             Means the group made up of the directors Messrs
                            Xabier Goenaga Aseguinolaza, Jose Maria Pena Neira,
                            Jon Markina Iriarte and Tomas Alcorta Echenique.

Financial Statements        Means the balance sheet and profit and loss account
                            of the Sammic, S.A. as at 30 September 2001,
                            individual and consolidated as well as the balance
                            sheet and profit and loss account of the
                            Subsidiaries individually considered.

Subsidiaries                Means "Sammic Limited (UK)", "Sammic, SRL" (Italy),
                            "Sammic, SARL" (France), and Sammic Equipamientos de
                            Hotelaria, Lda" (Portugal) together.

Party                       Means one of the Parties to the Agreement.

Connected Party/Party       Means the Vendors and any entity belonging to the
                            same group in accordance with the definition in
                            article

                                      -24-

<PAGE>

Connected               4 of Law 24/1988 of 28 July 1988, the Stock Market Act
                        [Ley del Mercado de Valores].

Company                 Means Sammic, S.A., Company of Spanish nationality,
                        which has its registered office at calle Atxubiaga, 14,
                        Azpeitia, (Guipuzcoa) and which was incorporated with
                        the name of Berisford Espana, S.A. for an indefinite
                        length of time pursuant to a deed notarised by the
                        Madrid Notary Public Mr Carlos Ruiz-Rivas Hernando,on
                        23 June 1987. It is registered in the Guipuzcoa
                        Companies Registry in volume 1,648, sheet SS-12.852,
                        folio 1, section 8 and is the holder of Taxpayer's
                        Identification Code n(degrees) A20597951.

Commercial debts        Means intra group trading balances (purchase/sell of
                        goods) that have reached their due date.

Commercial loan         Means intra group trading balances (purchase/sell of
                        goods where normal payment date is in the future).

Conversion rate         Means the Sterling/Euro exchange rate fixed at or about
                        2.15 pm (Continental European Time) by the European
                        Central Bank on the second Business Day prior to the
                        date of Completion or, if there is no such fixing on the
                        relevant day, the rate at or about 2.00 pm (London Time)
                        on such day as determined by the Bank of England.

Business Day            Means a day on which banks in London and Madrid are
                        open for the transaction of normal business.

Connected Entity        Means any entity obtaining to the same group in
                        accordance with the definition in article 4 of Law
                        24/1988 of 28 July 1988, the Stock Market Act.

Vendors                 Means Enodis Nederland BV and Berisford Industrial
                        Holdings Ltd., each in respect of the Shares which it is
                        transferring.

                     ANNEX II TO THE ACQUISITION AGREEMENT

Title deeds corresponding to the shares in SAMMIC, S.A., Sociedad Unipersonal

                                      -25-

<PAGE>

ENODIS NEDERLAND, B.V. (formerly BERISFORD NEDERLAND, B.V.) is the holder of one
million (1,000,000) shares in Sammic, S.A., numbered 1 to 1,000,000, inclusive.
The ownership deeds for the aforementioned shares are:

..    Deed of incorporation of the Company authorised on 23 June 1997 by Mr
     Carlos Ruiz-Rivas Hernando, Notary Public in Madrid, under number 1,752 of
     his official records.

..    Deed for an increase in share capital in the Company authorised on 28
     January 1998 by Mr Aquiles Paternottre Suarez, Notary Public in San
     Sebastian, under number 295 of his official records.

..    Deed of a merger by absorption authorised on 10 December 1997 before Mr
     Aquiles Paternottre Suarez, Notary Public in San Sebastian, under number
     3,476 of his official records.

                                      -26-

<PAGE>

                     ANNEX III TO THE ACQUISITION AGREEMENT

Title deeds corresponding to the shares in SAMMIC LIMITED

BERISFORD INDUSTRIAL HOLDINGS LIMITED is the holder of 27,400 preference shares
in Sammic Limited. The title deeds for said preference shares are as follows:

..    Transfer form for 27,400 preference shares in favour of Berisford
     Industrial Holdings Limited. The ownership of said preference shares is
     reflected in two certificates in which status as holder of 13,700
     preference shares, each with a face value of 1 pound sterling, is set forth
     in each one of the certificates.

..    Two transfer forms for 15 ordinary shares each in favour of Berisford
     Industrial Holdings Limited dated 28 November 1997.

                                      -27-<PAGE>

                                                                    EXHIBIT 4.13

                             DATED February 20, 2002
                             -----------------------

                                 (1) ENODIS PLC

                                       and

                (2) CREDIT SUISSE FIRST BOSTON (EUROPE) LIMITED

                                       and

                 (3) CREDIT SUISSE FIRST BOSTON EQUITIES LIMITED

                ----------------------------------------------------

                       RIGHTS ISSUE UNDERWRITING AGREEMENT

                ----------------------------------------------------

                                                       Herbert Smith
                                                       Exchange House
                                                       Primrose Street
                                                       London EC2A 2HS
                                                       Tel: 020 7374 8000
                                                       Fax: 020 7374 0888
                                                       Ref: 2029/4591

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
Clause        Headings                                                     Page
<S>          <C>                                                         <C>

 1  DEFINITIONS .........................................................  1

 2  CONDITIONS ..........................................................  6

 3  DELIVERY OF DOCUMENTS ...............................................  7

 4  PRESS ANNOUNCEMENT AND PROSPECTUS ...................................  7

 5  PROVISIONAL ALLOTMENT ...............................................  9

 6  APPOINTMENT AS SPONSOR, LISTING AND TRADING APPLICATIONS AND
    CRESTCO .............................................................  9

 7  NOTIFICATION TO THE UNDERWRITER ..................................... 10

 8  OBLIGATIONS OF THE UNDERWRITER ...................................... 11

 9  PAYMENT OF COSTS, EXPENSES, FEES AND COMMISSIONS .................... 14

10  FURTHER ANNOUNCEMENTS AND COMMITMENTS ............................... 16

11  WARRANTIES .......................................................... 16

12  LIMITATION OF CLAIMS AND INDEMNITY .................................. 19

13  TERMINATION IN EXCEPTIONAL CIRCUMSTANCES ............................ 23

14  EFFECT OF TERMINATION ............................................... 24

15  OBLIGATIONS OF THE PARTIES .......................................... 25

16  TIME OF THE ESSENCE ................................................. 26

17  WITHHOLDING AND GROSSING-UP ......................................... 26

18  VARIATION ........................................................... 26

19  ENTIRE AGREEMENT .................................................... 26

20  COUNTERPARTS ........................................................ 26

21  NOTICES ............................................................. 26

22  GOVERNING LAW, JURISDICTION AND SERVICE OF PROCESS .................. 27

SCHEDULE 1 - The Directors .............................................. 28

SCHEDULE 2 - List of Documents .......................................... 29

SCHEDULE 3 - The Warranties ............................................. 32

SCHEDULE 4 - New Ordinary Shares taken up ............................... 36
</TABLE>

<PAGE>

Agreed Drafts

"A"            Press Announcement

"B"            Prospectus

"C"            Provisional Allotment Letter

"D"            Definitive Share Certificate

"E"            Verification Notes

"F"            Working Capital Report

"G"            Security application forms in respect of the Nil Paid Rights and
               Fully Paid Rights

"H"            Senior Credit Facilities

"I"            Clause 11.6 Letter

<PAGE>

THIS AGREEMENT is made on February 20, 2002,

BETWEEN:

1.   ENODIS PLC, a company incorporated in England with registered number 109849
     whose registered office is situate at Washington House, 40-41 Conduit
     Street, London W1S 2UQ (the "Company");

2.   CREDIT SUISSE FIRST BOSTON (EUROPE) LIMITED of One Cabot Square, London,
     E14 4QJ (the "Sponsor"); and

3.   CREDIT SUISSE FIRST BOSTON EQUITIES LIMITED of One Cabot Square, London E14
     4QJ (the "Underwriter").

WHEREAS:

(A)  The Company was incorporated in England and Wales on 24/th/ May 1910 with
     registered number 109849 and is a public company limited by shares. The
     Company's Ordinary Shares are admitted to trading on the Official List of
     the London Stock Exchange.

(B)  The authorised share capital of the Company at the date hereof is
     (Pound)172,100,000 divided into 344,200,000 Ordinary Shares of 50p each,
     of which 250,290,992 Ordinary Shares have been issued and are fully paid.

(C)  The Company proposes to offer up to 150,861,463 New Ordinary Shares for
     subscription by way of rights as described below for the purposes described
     in the Prospectus.

(D)  On the terms and subject to the conditions referred to in this Agreement,
     the Underwriter has agreed to procure persons to subscribe or failing which
     to subscribe itself for the New Ordinary Shares.

(E)  On the terms and subject to the conditions referred to in this Agreement,
     the Sponsor has agreed to act as sponsor in relation to the admission of
     the New Ordinary Shares in nil paid form to the Official List and as
     nominated representative in relation to the Company's application for
     admission of the New Ordinary Shares in nil paid form to trading on the
     London Stock Exchange.

NOW IT IS HEREBY AGREED as follows:

1.   DEFINITIONS

1.1  In this Agreement, including the recitals, the following expressions shall
     (except where the context otherwise requires) have the respective meanings
     set out below:

     "Acceptance Date" 8/th/ April 2002 or such later date as the Company and
     the Banks may agree;

     "Accounts Date" 29th September 2001;

     "Act" the Financial Services and Markets Act 2000;

     "Admission" admission to the Official List and admission to trading on the
     London Stock Exchange of the New Ordinary Shares in nil paid form becoming
     effective by the decision of the UK Listing Authority to admit such shares
     to listing being

                                                                               1

<PAGE>

     announced in accordance with paragraph 7.1 of the Listing Rules and by the
     decision of the London Stock Exchange to admit such shares in nil paid form
     to trading being announced in accordance with the LSE Admission Standards;

     "agreed draft" a document or agreement (or a draft thereof) in a form
     initialled for identification purposes by or on behalf of the Banks and the
     Company (subject, in the case of a document or agreement in draft, to such
     amendments as may be agreed between the Banks and the Company prior to the
     publication or execution of such document or agreement);

     "Applications" the Listing Application and the Trading Application;

     "Auditors" Deloitte & Touche of Hill House, One Little New Street, London,
     EC4A 3TR;

     "Banks" the Sponsor and the Underwriter (and references to the "Banks"
     shall be to each of them);

     "Board" the board of directors of the Company;

     "Brokers" Credit Suisse First Boston (Europe) Limited of One Cabot Square,
     London E14 4QJ;

     "business day" any day not being a Saturday on which trading banks are open
     for business in the City of London;

     "Company's Solicitors" Clifford Chance Limited Liability Partnership, 200
     Aldersgate Street, London EC1A 4JJ;

     "CREST" the relevant system (as defined in the CREST Regulations) in
     respect of which CRESTCo is the Operator (as defined in the CREST
     Regulations);

     "CRESTCo" CRESTCo Limited;

     "CREST Regulations" the Uncertificated Securities Regulations 2001 (SI 2001
     No. 3755) (as amended);

     "Definitive Share Certificate" the definitive share certificate to be
     issued by the Company with respect to the New Ordinary Shares in the form
     of agreed draft "D";

     "Directors" the persons named in Schedule 1;

     "EGM" the extraordinary general meeting of the Company to be held at 10.00
     am on 18th March 2002, notice of which is set out in the Prospectus;

     "Fraction Shares" the New Ordinary Shares representing the aggregate of
     fractional entitlements arising from the provisional allotment referred to
     in clause 5.1;

     "Form of Proxy" the form of proxy in the agreed terms for use in respect of
     the EGM;

     "Fully Paid Rights" the fully paid rights to acquire New Ordinary Shares;

     "Group" the Company and the Subsidiaries;

     "Indemnified Persons" (1) the Underwriter, its group undertakings and the
     directors, officers and employees of the Underwriter and its group
     undertakings and branches

                                                                               2

<PAGE>

     and (2) the Sponsor, its group undertakings and the directors, officers and
     employees of the Sponsor and its group undertakings and branches;

     "Issue Documents" the Prospectus, Form of Proxy, PAL and Press
     Announcement;

     "Issue Price" means 50 pence per New Ordinary Share;

     "Listing Application" the application which is being made to the UK Listing
     Authority for the admission of the New Ordinary Shares to the Official
     List;

     "Listing Rules" the listing rules made by the UK Listing Authority under
     section 74 of the Act;

     "London Stock Exchange" London Stock Exchange PLC;

     "LSE Admission Standards" the rules issued by the London Stock Exchange in
     relation to the admission to trading of, and continuing requirements for,
     securities admitted to the Official List;

     "New Ordinary Shares" up to the 150,861,463 new Ordinary Shares proposed to
     be issued in accordance with the terms of the Issue Documents and this
     Agreement;

     "Nil Paid Rights" the New Ordinary Shares in nil paid form provisionally
     allotted to Qualifying Holders in connection with the Rights Issue;

     "N.Q. Holders" the Ordinary Shareholders on the register at the close of
     business on the Record Date who are not Qualifying Holders because they are
     Overseas Shareholders who are, on the basis (and with the exceptions)
     described in the Prospectus, excluded from the Rights Issue;

     "N.Q. Shares" the New Ordinary Shares which would have been provisionally
     allotted to the N.Q. Holders had they been Qualifying Holders;

     "Official List" the list maintained by the UK Listing Authority pursuant to
     Part VI of the Act;

     "Ordinary Shareholders" the holders of Ordinary Shares;

     "Ordinary Shares" the ordinary shares of 50p each in the capital of the
     Company;

     "Overseas Shareholders" has the meaning given in the Prospectus;

     "PAL" the renounceable provisional allotment letter in relation to the New
     Ordinary Shares in the form of agreed draft "C" to be issued or made
     available by the Company to Qualifying Non-CREST Holders and all Overseas
     Shareholders who are Qualifying Holders in respect of the Nil Paid Rights;

     "Press Announcement" the press announcement in relation to the Rights Issue
     in the form of agreed draft "A";

     "Prospectus" the prospectus relating to the Company incorporating a
     circular to the Company's Ordinary Shareholders and a notice of EGM, in the
     form of agreed draft "B";

     "Qualifying CREST Holders" the Qualifying Holders whose Ordinary Shares on
     the register of members of the Company at the close of business on the
     Record Date are in uncertificated form;

                                                                               3

<PAGE>

     "Qualifying Holders" the Ordinary Shareholders of the Company on the
     register of members of the Company at the close of business on the Record
     Date with the exclusion of certain Overseas Shareholders as more
     particularly described in the Prospectus;

     "Qualifying Non-CREST Holders" the Qualifying Holders whose Ordinary Shares
     on the register of members of the Company at the close of business on the
     Record Date are in certificated form;

     "Record Date" 11/th/ March 2002;

     "Registrar of Companies" the Registrar of Companies in England and Wales;

     "Registrars" Computershare Investor Services PLC of PO Box 859, The
     Pavilions, Bridgwater Road, Bristol BS99 1XZ;

     "Reporting Accountants" PricewaterhouseCoopers of 1 Embankment Place,
     London WC2N 6RH;

     "Resolutions" the resolutions numbered 1, 2 and 5 (increase in authorised
     share capital; authority to allot; disapplication of pre-emption rights) to
     be proposed at the EGM set out in the notice of EGM of the Company
     contained in the Prospectus;

     "Rights Issue" the proposed offer of the New Ordinary Shares by way of
     rights to Qualifying Holders on the basis set out in the Issue Documents;

     "Senior Credit Facilities" the senior credit facilities entered into
     between Elevator Holdings Limited, Credit Suisse First Boston and Royal
     Bank of Scotland plc on the date of this Agreement in the form of agreed
     draft "H";

     "Subsidiaries" the subsidiaries and subsidiary undertakings of the Company,
     particulars of which are set out in paragraph 2 of Part VI of the
     Prospectus;

     "taken up" or "deemed to be taken up" has the meaning given in schedule 4;

     "tax" all taxes including (without limitation) taxes on income, profits or
     gains, receipts, sales or use, occupation, franchise or VAT (save such VAT
     as is payable pursuant to clause 9), personal or real property or
     development value and other taxes, levies, imposts, duties, charges or
     withholdings of any nature whatsoever and all penalties, charges and
     interest included in or relating to any claim or assessment therefor
     regardless of whether such taxes, penalties, charges and interest are
     directly or primarily chargeable against or attributable to the Company or
     any Subsidiary and/or whether an amount in respect of such taxes is
     recoverable from any other person whatsoever;

     "Tax Relief":

     A.      any relief, loss, allowance, exemption, set-off or credit in
             respect of any taxation;

     B.      any deduction in computing income, profits or gains for the
             purposes of any taxation; or

     C.      any right to repayment of taxation including any repayment
             supplement or interest in respect of tax;

                                                                               4

<PAGE>

     "Trading Application" the application which is being made to the London
     Stock Exchange for the admission of the New Ordinary Shares to trading on
     the London Stock Exchange;

     "UK Listing Authority" the Financial Services Authority as the competent
     authority for listing in the United Kingdom under Part VI of the Act;

     "Unaccepted Shares" has the meaning given to it in sub-clause 7.2;

     "US Person" has the meaning given in the prospectus;

     "US Securities Act" has the meaning given in sub-clause 11.7.1;

     "VAT" value added tax imposed under the Value Added Tax Act 1994;

     "Verification Notes" the notes prepared in the form of agreed draft "E" in
     order to verify certain statements and information contained in the
     Prospectus and the Press Announcement;

     "Warranties" the warranties representations and undertakings set out in
     Schedule 3; and

     "Working Capital Report" the report prepared by the Reporting Accountants
     reviewing and reporting on the cash flow projections and working capital
     requirements of the Group in the form of agreed draft "F".

1.2  Words and expressions defined in the Companies Act 1985 or the Companies
     Act 1989 shall unless the context otherwise requires have the same meanings
     in this Agreement.

1.3  In this Agreement, including the recitals:

     1.3.1   a reference to "certificated" or "certificated form" in relation to
             an Ordinary Share is a reference to an Ordinary Share title to
             which is recorded on the register of members of the Company as
             being held in certificated form;

     1.3.2   a reference to "uncertificated" or "uncertificated form" in
             relation to a share or other security is a reference to an Ordinary
             Share title to which is recorded on the register of members of the
             Company as being held in uncertificated form, and title to which,
             by virtue of the CREST Regulations, may be transferred by means of
             CREST;

     1.3.3   references to recitals, clauses, sub-clauses, paragraphs and
             Schedules (other than to a schedule to a statutory provision) are
             to recitals, clauses, sub-clauses and paragraphs of and Schedules
             to this Agreement;

     1.3.4   a reference to a statute or statutory provision includes a
             reference:

             (A) to that statute or provision as from time to time modified or
                 re-enacted;

             (B) to any repealed statute or statutory provision which it
                 re-enacts (with or without modification); and

             (C) to any subordinate legislation made under the relevant statute;

     1.3.5   references to the singular include a reference to the plural and
             vice versa;

                                                                               5

<PAGE>

     1.3.6   references to any gender include a reference to all genders;

     1.3.7   references to persons include a reference to bodies corporate,
             unincorporated associations and partnerships; and

     1.3.8   headings to clauses are for convenience only and do not affect
             interpretation.

1.4  References to "the Company being aware" shall include references to matters
     of which the Directors, or any thereof, are aware and references to
     "awareness" or "knowledge" or "so far as the Company is aware" or any
     similar expression shall be deemed to include the knowledge that the
     Company would have if each of the Directors have made all reasonable
     enquiries concerning the relevant Warranty in the context of the Rights
     Issue.

2.   CONDITIONS

2.1  The obligations of the Sponsor and the Underwriter under this Agreement
     (save for the obligations of the Sponsor under sub-clause 6.7) are
     conditional upon the fulfilment of each of the conditions set out below:

     2.1.1   the Prospectus having been approved by or on behalf of the UK
             Listing Authority on the date following the date of this Agreement;

     2.1.2   a copy of the Prospectus having been delivered to the Registrar of
             Companies for registration, as required by section 83 of the Act,
             on the date followng the date of this Agreement or on the date
             following of this Agreement;

     2.1.3   the delivery by the Company to the Sponsor of the documents
             referred to in Part I of Schedule 2 on the date or on the date
             following the date of this Agreement, as appropriate having regard
             to Schedule 2;

     2.1.4   the release of the Press Announcement not later than 9.00 a.m. on
             the date of this Agreement;

     2.1.5   the Prospectus and Form of Proxy being despatched in accordance
             with sub-clause 4.2 not later than the date following the date of
             this Agreement;

     2.1.6   the passing, with such amendment, if any, as the Underwriter may
             agree (such agreement not to be unreasonably withheld or delayed),
             of the Resolutions at the EGM, notice of which is set out in the
             Prospectus (or at any adjournment thereof) not later than 18/th/
             March 2002;

     2.1.7   the posting of the PALs in accordance with sub-clause 5.6 not later
             than 18/th/ March 2002;

     2.1.8   any supplements to the Prospectus having been approved by the Banks
             pursuant to sub-clause 4.4 and by the UK Listing Authority and
             published in accordance with section 81 of the Act not later than
             the day prior to the date on which the condition in sub-clause
             2.1.9(B) below shall have been satisfied and such supplement(s)
             having been delivered to the Registrar of Companies on or before
             their date of publication;

     2.1.9   (A) the UK Listing Authority agreeing to admit the New Ordinary
             Shares nil paid to the Official List and the London Stock Exchange
             agreeing to admit the New Ordinary Shares nil paid to trading on
             the London Stock Exchange on or

                                                                               6

<PAGE>

             before 19/th/ March 2002; and (B) Admission taking place on or
             before 10.00 am on 19/th/ March 2002;

     2.1.10  the Company provisionally allotting the New Ordinary Shares in nil
             paid form in accordance with this Agreement; and

     2.1.11  (unless the Company shall have exercised its rights referred to in
             sub-clauses 5.7 with the Underwriter's written consent (not to be
             unreasonably withheld or delayed)) each condition to enable the Nil
             Paid Rights and the Fully Paid Rights to be admitted as a
             participating security (as defined in the CREST Regulations) in
             CREST (other than Admission) being satisfied on or before 18/th/
             March 2002.

2.2  The Company undertakes to the Banks to use its reasonable endeavours to
     procure satisfaction of the conditions set out in sub-clause 2.1 by the
     times stated therein, but if any of such conditions shall not be so
     satisfied, or waived by the Banks pursuant to sub-clause 2.3, then, subject
     to the provisions of clause 14, all obligations of the Banks hereunder and
     any outstanding obligations of the Company shall cease and determine and
     (without prejudice to any claim for any prior breach) none of the parties
     shall have any claim against any other in relation thereto.

2.3  The Banks, in their absolute discretion and in whole or in part, shall be
     entitled:

     2.3.1   to waive compliance with any or all of the conditions contained in
             sub-clauses 2.1.3, 2.1.4, 2.1.5 and 2.1.8; and

     2.3.2   to extend any of the dates or times referred to in clause 2.1 by
             which any of the conditions are required to be satisfied.

3.   DELIVERY OF DOCUMENTS

3.1  The Company shall forthwith following execution of this Agreement deliver
     or procure to be delivered to the Sponsor (to the extent that the Sponsor
     has not already received the same) the documents listed in Part I of
     Schedule 2 in a form acceptable to the Sponsor and shall subsequently
     deliver all such further documents listed in Part II of Schedule 2 or as
     the Sponsor may reasonably require to enable it to discharge its
     obligations hereunder. The Sponsor shall procure to be delivered as soon as
     reasonably practicable thereafter a certified copy of all such documents to
     the Underwriter.

3.2  As soon as reasonably practicable and in any event prior to the EGM, the
     Company shall give to the Sponsor an undated letter in the agreed terms
     from the Company to CRESTCo confirming that each condition to enable the
     Nil Paid Rights and the Fully Paid Rights to be admitted as a participating
     security (as defined in the CREST Regulations) in CREST has been satisfied.
     Unless the Company shall have exercised its rights referred to in
     sub-clause 5.7 with the Underwriter's written consent (not to be
     unreasonably withheld or delayed), forthwith after the condition set out in
     sub-clause 2.1.11 has been satisfied, the Sponsor shall date the letter and
     give it to CRESTCo.

4.   PRESS ANNOUNCEMENT AND PROSPECTUS

4.1  Not later than 9.00 a.m. on the date of this Agreement or such later time
     as shall be agreed pursuant to clause 2.3 the Company shall release the
     Press Announcement to the Companies Announcement Office of the London Stock
     Exchange.

                                                                               7

<PAGE>

4.2  Subject to the fulfilment (or waiver by the Banks, if applicable) of the
     conditions set out in sub-clauses 2.1.1, 2.1.2, 2.1.3 and 2.1.4 the Company
     shall despatch or make available the Prospectus and Form of Proxy in
     accordance with the Listing Rules on the date hereof to the Qualifying
     Holders and for information only to the holders of options over Ordinary
     Shares.

4.3  Subject to the fulfilment (or waiver by the Banks, if applicable) of the
     conditions set out in sub-clauses 2.1.1, 2.1.2, 2.1.3 and 2.1.4, the
     Company will use all reasonable endeavours to procure that:

     4.3.1   such number of copies of the Prospectus as the Brokers may
             reasonably request are made available to the Brokers for delivery
             to the UK Listing Authority, and for use in connection with the
             Rights Issue generally, at such time as the Brokers shall
             reasonably request;

     4.3.2   such number of copies of the Prospectus as may reasonably be
             necessary are made available at the registered office of the
             Company no later than the business day after they are despatched;
             and

     4.3.3   such number of copies of the Prospectus as may reasonably be
             necessary are made available to the Registrars no later than the
             business day after they are despatched.

4.4  If before Admission the Company shall become aware that there is, or is
     likely to be, a significant change affecting any matter contained in the
     Prospectus the inclusion of which was required by section 80 of the Act or
     by the Listing Rules or by the UK Listing Authority or a significant new
     matter has arisen, the inclusion of information in respect of which would
     have been so required if it had arisen when the Prospectus was prepared,
     the Company shall forthwith notify the Sponsor (which shall thereafter
     notify the Underwriter) thereof in writing (with full details) and in such
     event:

     4.4.1   the Company shall promptly prepare and, through the Sponsor,
             deliver to the UK Listing Authority for approval any supplementary
             prospectus which shall be in a form agreed upon by the Sponsor (on
             its own behalf and on behalf of the Underwriter) and the Company,
             and shall use its reasonable endeavours to obtain approval and
             authorisation thereof by the UK Listing Authority;

     4.4.2   upon receipt in a form reasonably satisfactory to the Sponsor of
             evidence of approval by the UK Listing Authority of such
             supplementary prospectus or of the authorisation of its issue
             without such approval, the Company shall procure their delivery to
             the Registrar of Companies in England and Wales for registration in
             accordance with section 83 of the Act; and

     4.4.3   the Company shall comply with section 81 of the Act and Chapters 5,
             7 and 8 of the Listing Rules in relation thereto.

4.5  If a supplementary prospectus is published pursuant to sub-clause 4.4,
     reference to the Prospectus or to the Issue Documents in clause 12 and
     Schedule 3 shall be deemed to include the supplementary prospectus and the
     Warranties shall be deemed to have been made and given on the date of this
     Agreement in relation to the Prospectus as amended by the supplementary
     prospectus as well as to the original Prospectus.

4.6  So far as within its power and save as agreed otherwise by the Sponsor, the
     Company will do all acts and things and execute all documents necessary on
     its part for the

                                                                               8

<PAGE>

     purpose of giving effect to the Rights Issue, including in particular
     complying with section 81 of the Act and procuring the Prospectus (and any
     supplementary prospectus) to be delivered to the Registrar of Companies as
     required by section 83(1) of the Act.

5.   PROVISIONAL ALLOTMENT

5.1  Subject to fulfilment of the conditions set out in sub-clause 2.1 (other
     than those set out in paragraph 2.1.7 and 2.1.9(B)) and to the following
     provisions of this clause, the Company shall provisionally allot the New
     Ordinary Shares in nil paid form on 18th March 2002 (or such later date as
     may be agreed between the Underwriter and the Company) for subscription by
     way of rights at the Issue Price, payable in full on acceptance, to all
     Qualifying Holders.

5.2  The New Ordinary Shares shall be allotted on the terms, and subject to the
     conditions, and on the basis of the information set out in the Prospectus
     and the PAL (if and to the extent that the New Ordinary Shares are to be
     allotted in certificated form).

5.3  Fraction Shares will not be allotted to Qualifying Holders and the
     entitlements of Qualifying Holders are to be rounded down to the nearest
     whole number of New Ordinary Shares. Fraction Shares will be aggregated and
     the rights to subscribe the same will be sold in the market for the benefit
     of the Company.

5.4  No provisional allotment of New Ordinary Shares in nil paid or fully paid
     form shall be made and no PAL shall be made available to N.Q. Holders.

5.5  The Company shall ensure that the Prospectus and the PALs are not sent to
     N.Q. Holders and that Nil Paid Rights are not credited to the stock
     accounts in CREST of N.Q. Holders.

5.6  Subject to the fulfilment of the conditions set out in sub-clause 2.1
     (other than those set out in sub-clauses 2.1.7 and 2.1.9(B)) the Company
     shall:-

     5.6.1   arrange for the Registrars to despatch the PALs on 18/th/ March
             2002, or such later date as the Underwriter and the Company may
             agree, to the Qualifying Non-CREST Holders entitled thereto; and

     5.6.2   arrange for the Registrars to instruct CRESTCo to credit the stock
             accounts in CREST of Qualifying CREST Holders entitled thereto
             their entitlements to Nil Paid Rights so that they are credited on
             19/th/ March 2002 or such later date as the Underwriter and the
             Company may agree.

5.7  The Company may only exercise its rights in paragraph 2(k) of part III of
     the Prospectus to allot and issue Nil Paid Rights, Fully Paid Rights or New
     Ordinary Shares in certificated form if it has first obtained the
     Underwriter's written consent (not to be unreasonably withheld or delayed).

6.   APPOINTMENT AS SPONSOR, LISTING AND TRADING APPLICATIONS AND CRESTCO

6.1  The Company hereby confirms the appointment of the Sponsor as sponsor in
     relation to the Listing Application and the Sponsor hereby confirms its
     acceptance of such appointment, subject to the terms of this Agreement.

                                                                               9

<PAGE>

6.2  The Company hereby confirms that the foregoing appointment confers on the
     Sponsor all powers, authorities and discretions on behalf of the Company
     which are necessary for the Sponsor to perform its functions as a sponsor
     for the purposes of the Listing Application and as nominated representative
     for the purposes of the Trading Application and hereby agrees to ratify and
     confirm everything which the Sponsor shall lawfully and properly have done
     or shall do in the exercise of such appointment, power, authorities and
     discretions.

6.3  The Company undertakes to the Banks that it will apply prior to despatch of
     the Prospectus to the UK Listing Authority and to the London Stock Exchange
     for Admission, and undertakes that it will use its reasonable endeavours to
     obtain the same.

6.4  The Company warrants that it has, on the terms previously disclosed in
     writing to the Banks, instructed the Registrars to act as registrars and
     receiving agents in connection with the Nil Paid Rights and the Fully Paid
     Rights and the EGM and to perform the obligations assigned to it under the
     Issue Documents and this Agreement as registrars and receiving agents.

6.5  The Company undertakes to the Banks that it will give CRESTCo security
     application forms in the agreed terms (marked "G") in respect of the Nil
     Paid Rights and the Fully Paid Rights prior to despatch of the Prospectus.

6.6  The Company shall (so far as is within its power) take all such steps, give
     all such undertakings, provide all such information and execute all such
     documents as may be necessary:

     6.6.1   to comply with the requirements of the UK Listing Authority in
             relation to the Listing Application;

     6.6.2   to comply with the requirements of the London Stock Exchange in
             connection with the Trading Application; and

     6.6.3   subject to clause 5.7, to enable the Nil Paid Rights and the Fully
             Paid Rights to be admitted as a participating security (as defined
             in the CREST Regulations) in CREST.

6.7  The Sponsor agrees with the Company that it will give to the Company all
     reasonable assistance in obtaining Admission unless (and until) this
     Agreement is terminated pursuant to clause 13, provided always that nothing
     in this Agreement shall oblige the Sponsor to do anything inconsistent with
     its responsibilities under the Listing Rules, LSE Admission Standards or
     any other legal or regulatory requirement.

7.   NOTIFICATION TO THE UNDERWRITER

7.1  The Company shall arrange for the Registrars to notify the Underwriter as
     soon as reasonably practicable but in any event not later than 9.00 a.m. on
     19/th/ March 2002 of the number of:

     7.1.1   the Fraction Shares; and

     7.1.2   the N.Q. Shares.

7.2  The Company shall arrange for the Registrars to notify the Underwriter not
     later than 9.00 a.m. on 9/th/ April 2002 of the number of the New Ordinary
     Shares which have not

                                                                              10

<PAGE>

     been taken up (as defined in Schedule 4) and shall arrange for the
     Registrars to notify the Underwriter not later than 9.00 a.m. on the second
     business day following the Acceptance Date of the number of New Ordinary
     Shares comprised in any PALs which were deemed to have been taken up under
     the provisions of Schedule 4, clause 3(a) but which were accompanied by
     cheques which have, by 6.00 p.m. on 9/th/ April 2002 been dishonoured (and
     any New Ordinary Shares which are not taken up or are the subject of
     dishonoured cheques as referred to in clause 8.6.2 are referred to in this
     Agreement as "Unaccepted Shares", which expression shall include Fraction
     Shares and/or N.Q. Shares which have not been taken up).

7.3  Immediately following the notification to the Underwriter of the number of
     Unaccepted Shares pursuant to sub-clause 7.2 the Underwriter and the
     Company shall consider and consult as to whether a public announcement
     should be made as to the number of Unaccepted Shares prior to the
     Underwriter commencing to procure subscribers pursuant to sub-clause 8.1.2.

8.   OBLIGATIONS OF THE UNDERWRITER

8.1  The Underwriter, as agent for the Company, shall use all reasonable
     endeavours to procure:

     8.1.1   by 3.00 p.m. on 20/th/ March 2002 (or, if not reasonably
             practicable by that time but reasonably practicable at a later time
             prior to the Acceptance Date, by 10.30 am on the Acceptance Date),
             the sale nil paid, at a premium in excess of the expenses of sale,
             of so many as can be sold by that time of the rights to subscribe
             for the Fraction Shares and the N.Q. Shares;

     8.1.2   by 3.00 p.m. on 10/th/ April 2002, subscribers at a net price
             (after deducting or providing for all expenses of subscription)
             equal to or exceeding the Issue Price (on terms that any such
             excess shall be for the benefit of the persons entitled thereto in
             accordance with sub-clause 8.4), for so many of the Unaccepted
             Shares as is reasonably practicable by that time, provided that the
             Underwriter may at any time after 10.30 a.m. on 8/th/ April 2002
             cease to endeavour to procure any subscribers if it has been
             informed by the Brokers that, in their opinion, it is unlikely that
             any such subscribers can be so procured at such a price.

8.2  Any sales under sub-clause 8.1.1 will be deemed to have been made in the
     first instance in respect of rights to N.Q. Shares and, in the event that
     there are sufficient sales, thereafter in respect of rights to Fraction
     Shares. Any subscribers found under sub-clause 8.1.2 shall be deemed to
     have subscribed in the first instance for Unaccepted Shares other than
     Fraction Shares and, in the event that there are sufficient subscribers,
     thereafter for Fraction Shares.

8.3  Any sales under sub-clauses 8.1.1 and 8.1.2 shall be conducted in an
     "offshore transaction" (as such item is defined in Regulation S under the
     U.S. Securities Act).

8.4  The Underwriter shall distribute or procure to be distributed by cheque as
     soon as practicable after 10/th/ April 2002 and in any event not later than
     the fifth business day after the Acceptance Date:

     8.4.1   among those Qualifying Holders to whom were previously allotted New
             Ordinary Shares which were not taken up, so much (if any) of the
             proceeds of subscription of the Unaccepted Shares (other than
             Fraction Shares and N.Q.

                                                                              11

<PAGE>

             Shares) as exceeds the aggregate of the Issue Price and the
             expenses of subscription (or, if less, the amount allocated in
             accordance with sub-clause 8.4.3 below), pro rata in each case to
             the number of the New Ordinary Shares provisionally allotted to
             them respectively which were not taken up;

     8.4.2   to the N.Q. Holders, pro rata in each case to the number of N.Q.
             Shares which, had they been Qualifying Holders, would have been
             provisionally allotted to them, so much of the proceeds of sale of
             the rights to subscribe for the N.Q. Shares as shall exceed the
             expenses of sale thereof (if the same shall be sold pursuant to
             sub-clause 8.1.1) and so much of the amounts paid for such shares
             as shall exceed the aggregate of the Issue Price and the expenses
             of subscription (or, if less, the amount allocated in accordance
             with sub-clause 8.4.3 below) (if subscribers for the same shall be
             procured pursuant to sub-clause 8.1.2); and

     8.4.3   if subscribers under sub-clause 8.1.2 are found for some but not
             all of the Unaccepted Shares other than Fraction Shares, the net
             proceeds of subscription (to the extent the same exceeds the
             aggregate of the Issue Price and the expenses of subscription)
             shall be allocated between (i) Qualifying Holders to whom were
             previously allotted New Ordinary Shares which were not taken up (as
             a class) and (ii) N.Q. Holders (as a class) pro rata to the total
             number of New Ordinary Shares provisionally allotted and not taken
             up and the total number of N.Q. Shares respectively;

     PROVIDED that amounts of less than (Pound)3.00 per holding shall not be
     distributed but shall be retained for the benefit of the Company; and
     PROVIDED that, for the avoidance of doubt, this clause 8.4 shall not apply
     to the distribution of the proceeds of sale of Fraction Shares, to which
     the provisions of clauses 8.2 and 8.5.1 shall apply. If the provisional
     allotment of New Ordinary Shares was, at the time of its lapsing
     represented by a PAL, the proceeds shall be distributed to the person whose
     name and address appears on page one of that PAL and if the Nil Paid Rights
     were, at the time of their lapsing, in uncertificated form, shall be
     distributed to the person registered as the holder of those Nil Paid Rights
     at the time of their disablement in CREST.

8.5  The Underwriter shall credit to the Company, as provided in sub-clause 8.7:

     8.5.1   the whole (after deduction of expenses of sale) of the proceeds of
             sale of the rights to subscribe for the Fraction Shares under
             sub-clause 8.1.1;

     8.5.2   an amount equal to the Issue Price in respect of each of the New
             Ordinary Shares for which subscribers are procured pursuant to
             sub-clause 8.1.2; and

     8.5.3   a sum equal to the aggregate of the amounts of less than(Pound)3.00
             which but for the proviso to sub-clause 8.4 would have been
             distributed as therein provided.

8.6  The Underwriter as underwriter shall by 3.00 p.m. on 12/th/ April 2002,
     subscribe for and take up or, as agent for the Company, procure persons to
     subscribe for and take up on the terms of the Issue Documents (other than
     in respect to the time and method for payment):

     8.6.1   any of the Unaccepted Shares for which the Underwriter shall not
             have been able to procure subscribers as provided in sub-clause
             8.1.2; and

                                                                              12

<PAGE>

     8.6.2   any New Ordinary Shares comprised in any PALs which were deemed to
             have been taken up under sub-clause 7.2 but which were accompanied
             by cheques which have, by 6.00 p.m. on 9/th/ April 2002, been
             dishonoured;

     and the Underwriter shall credit to the Company, as provided in sub-clause
     8.7, an amount equal to the Issue Price in respect of each of the New
     Ordinary Shares for which it subscribes or takes up or for which
     subscribers are procured pursuant to this sub-clause against allotment of
     such Unaccepted Shares to such persons and in such denominations as the
     Underwriter shall require.

8.7  The Underwriter shall transfer or procure the transfer to the account of
     the Company (Natwest Bank, Great Yarmouth Branch, 23 Hall Quay, Great
     Yarmouth, Norfolk, NR3 1HQ; Sort code: 55-81-45; Account number: 01122762)
     in immediately available funds an amount equal to the aggregate of the sums
     to be credited to the Company under this clause 8 (net of all sums due from
     the Company to the Underwriter under clause 9), in the case of the moneys
     to be credited to the Company pursuant to sub-clause 8.5 as soon as
     possible after cheques payable to the Underwriter or its agents for such
     moneys have been cleared but in any event not later than 3.00 p.m. on
     12/th/ April 2002 and in the case of the subscription moneys payable in
     respect of the New Ordinary Shares subscribed pursuant to sub-clause 8.6 as
     soon as practicable after the subscription thereof and in any event not
     later than 3.00 p.m. on 12/th/ April 2002 in each case against delivery to
     the Underwriter, or to such persons as it may direct, of PALs in respect of
     those New Ordinary Shares that are to be allotted in certificated form,
     receipted as to payment in full, for the number of such New Ordinary Shares
     sold or subscribed as aforesaid, and CRESTCo crediting the Brokers' stock
     account in CREST (notified by the Underwriter) with the number of Fully
     Paid Rights that the Underwriter requires in respect of those New Ordinary
     Shares to be allotted in uncertificated form.

8.8  The Company shall procure that all cheques received in respect of PALs are
     presented for clearance immediately upon receipt.

8.9  As soon as all the New Ordinary Shares shall have been either:

     8.9.1   accepted in accordance with the terms of the PALs and the
             Prospectus; or

     8.9.2   subscribed by the Underwriter or by subscribers procured by it
             pursuant to sub-clause 8.1.2 or sub-clause 8.6,

     the Underwriter shall be discharged from all further obligations under this
     Agreement (other than any unsatisfied obligation to make payment under
     sub-clause 8.7).

8.10 The Company agrees with and acknowledges to the Underwriter that any
     information which the Underwriter may obtain as to whether or not persons
     have been procured to subscribe for any Unaccepted Shares pursuant to
     sub-clause 8.1.2 or, if any such persons have been procured, as to their
     identities, is information obtained by the Underwriter in its capacity as
     underwriter and not as financial adviser to the Company and that
     accordingly the Underwriter shall not be under any obligation to disclose
     to the Company any of such information.

8.11 The Company shall issue such documents and do such other acts and things as
     the Underwriter shall reasonably and lawfully require in connection with
     the sales to be made and the subscriptions to be procured pursuant to
     sub-clauses 8.1 and 8.6 including, without prejudice to the generality of
     the foregoing, giving to the

                                                                              13

<PAGE>

     Underwriter (or as it directs) fully paid PALs in the names and
     denomination that the Underwriter requires in respect of those rights to
     the New Ordinary Shares that are to be allotted in certificated form and
     ensuring that the Registrars instruct CRESTCo to credit the Brokers' stock
     account in CREST (notified by the Underwriter together with any other
     details that may reasonably be required by the Company) with the number of
     Fully Paid Rights that the Underwriter requires in respect of those rights
     to New Ordinary Shares that are to be issued in uncertificated form.

8.12 For the purposes of clause 8, the Company hereby irrevocably:

     8.12.1  appoints the Underwriter as its agent for these purposes and
             confirms that the foregoing appointment confers on the Underwriter
             all powers, authorities and directions on behalf of the Company
             which are necessary for, or reasonably incidental to, the procuring
             of persons to purchase the rights to subscribe for the Fraction
             Shares and the N.Q. Shares and to subscribe the Unaccepted Shares
             pursuant to sub-clauses 8.1 and 8.6; and

     8.12.2  for a period of twelve months from the date of this Agreement,
             appoints any director of the Underwriter as its attorney, in its
             name and on its behalf to sign, seal, execute and deliver,
             acknowledge and register any other document, and do any act or
             thing, which may be necessary for or incidental to the perfection
             and completion of such purchases or subscriptions; provided that,
             prior to any exercise of such power of attorney, the Underwriter
             shall notify the Company and shall afford the Company a reasonable
             opportunity to effect the matter proposed to be effected pursuant
             to such power of attorney.

8.13 The Company hereby agrees to ratify and confirm everything which the
     Underwriter or any such director shall lawfully and reasonably do in the
     exercise of such appointment, powers, authorities and discretions and
     undertakes to the Underwriter that, save as required by the law of any
     jurisdiction or by the regulations of any competent regulatory body, it
     will not give any instructions or take any other action which is
     inconsistent with its obligations or authorities under this Agreement or
     which would prevent the registration of any of the New Ordinary Shares in
     the names of the persons entitled thereto pursuant to the Rights Issue and
     this Agreement.

8.14 For the avoidance of doubt, the Underwriter shall be entitled to
     sub-underwrite any of its obligations under this Agreement, provided that
     any such sub-underwriting shall not affect the Underwriter's liability
     under such obligations and that the Underwriter shall be responsible for
     any fees or commissions payable to any such sub-underwriter.

9.   PAYMENT OF COSTS, EXPENSES, FEES AND COMMISSIONS

9.1  The Company shall pay to the Sponsor for its services hereunder and in
     connection with the Rights Issue generally a monthly fee (the "Fee") of
     (Pound)80,000 per month, exclusive of any VAT which may be chargeable on
     the supply of the services for which the Fee is the consideration for VAT
     purposes, which shall accrue in respect of each month from October 2001 to
     April 2002 inclusive (that is, seven months in total), and thereafter as
     may be agreed between the Company and the Sponsor. Where the supply of the
     services for which the fee is the consideration for VAT purposes is subject
     to VAT, the Company shall within five business days of the receipt of a
     valid VAT invoice (complete in all respects and stating inter alia the VAT
     amount) from the Sponsor addressed to the Company, pay to the Sponsor such
     VAT amount. Such monthly fee shall be payable on the last business day of
     each month, save that the fee

                                                                              14

<PAGE>

     accrued and unpaid in respect of the four months from October 2001 to
     January 2002 shall be paid as soon as reasonably practicable following the
     date of this Agreement.

9.2  The Company shall pay to the Underwriter for its services hereunder
     (whether or not any New Ordinary Shares fall to be acquired by the
     Underwriter pursuant to sub-clause 8.6) a commission of 2.25 (two and a
     quarter) per cent. of an amount equal to the Issue Price multiplied by the
     total number of New Ordinary Shares allotted pursuant to the Rights Issue
     (the "Underwriter Fee"), such Underwriter Fee to be paid (subject to Clause
     9.3) by deduction thereof from the aggregate amount payable by the
     Underwriter to the Company pursuant to sub-clause 8.7, failing which such
     amounts shall be paid not later than 15/th/ April 2002 and such Underwriter
     Fee to be exclusive of any VAT which may be chargeable on the supply of the
     services for which the Underwriter Fee is the consideration for VAT
     purposes.

9.3  Where the supply of the services for which the Underwriter Fee is the
     consideration for VAT purposes is subject to VAT, the amount of such VAT
     shall (upon receipt by the Company of a valid VAT invoice complete in all
     respects and stating inter alia the VAT amount and addressed to the
     Company) be added to the figure to be deducted from the aggregate amount
     payable by the Underwriter to the Company as stated in Clause 9.2 above, or
     otherwise paid by the Company to the Underwriter.

9.4  With respect to costs and expenses:

     9.4.1   the Company shall pay all properly incurred costs and expenses of
             and incidental to the matters contained or referred to herein and
             in the Prospectus (together with any VAT payable in respect of any
             such costs or expenses) including (but without being limited to)
             all such costs and expenses of and incidental to the Rights Issue,
             UK Listing Authority and London Stock Exchange fees, the fees and
             charges of the Registrars, stamp duty and stamp duty reserve tax,
             all printing, advertising and distribution expenses, and all
             properly incurred legal and accountancy fees and expenses of the
             Company and the Banks;

     9.4.2   the Company shall forthwith upon request by the Banks pay to the
             Sponsor or the Underwriter (as applicable) an amount equal to any
             cost or expense for which the Company is responsible under
             sub-clause 9.4.1 but which has been paid by, or invoiced to, the
             Sponsor or the Underwriter (as applicable);

     9.4.3   where, pursuant to sub-clause 9.4.2, an amount is payable to the
             Sponsor or the Underwriter the Company shall, in addition,
             forthwith upon request by the Sponsor or the Underwriter pay to the
             Sponsor or the Underwriter (as the case may be) in respect of VAT:

             (A) if any payment in respect of costs or expenses constitutes part
                 of the consideration for any supply of services by such party
                 to the Company, such amount as equals any VAT charged to such
                 party in respect of the same costs or expenses which such party
                 certifies is not recoverable by it by repayment or set-off
                 together with (subject to the Sponsor or the Underwriter, as
                 the case may be, delivering a valid VAT invoice to the Company)
                 an amount representing any VAT properly chargeable in
                 consideration for that supply; and

             (B) if any costs or expenses constitute disbursements incurred by
                 such party as agent on behalf of the Company (which such party
                 certifies is

                                                                              15

<PAGE>

                not recoverable by it by repayment or set off), any VAT charged
                thereon (subject to the Company receiving a valid VAT invoice in
                respect of such disbursements).

9.5  If this Agreement does not become unconditional or shall be terminated
     pursuant to clause 13 the Company shall pay or reimburse to the Banks:

     9.5.1   the costs and expenses (and VAT) referred to in sub-clause 9.3; and

     9.5.2   all of the fees payable pursuant to clause 9.1 (for the avoidance
             of doubt, up to and including in respect of April 2002 irrespective
             of the date the Agreement ceases to be capable of becoming
             unconditional or is terminated (together with VAT thereon).

9.6  The Company hereby authorises the Underwriter to deduct some or all of the
     commissions, fees and expenses (including in relation to VAT, if any)
     payable to it pursuant to this clause 9 from the proceeds of the Rights
     Issue.

9.7  The Underwriter shall not be required to place on deposit or to procure
     there are placed on deposit any sums received in relation to the
     subscription for the New Ordinary Shares. If any sums are placed on deposit
     all interest earned shall be for the account of the Company.

9.8  For the avoidance of doubt, any fees and commissions paid to the Banks
     under this Agreement shall pro tanto reduce any fees and commissions
     payable to the Banks in consideration for the same services under the
     engagement letter between the Company and the Sponsor in connection with
     the Rights Issue, and vice-versa.

10.  FURTHER ANNOUNCEMENTS AND COMMITMENTS

10.1 Save as provided in sub-clause 4.1 and clause 14, the Company hereby
     undertakes with the Banks that (unless required by law of any jurisdiction
     or the regulations of a competent regulatory authority to do so) it will
     not, and will use all reasonable endeavours to procure that none of the
     officers, employees or agents of the Company or any of the Subsidiaries
     will, after the execution hereof and prior to 12/th/ April 2002, make any
     press or public announcement or publish any document (other than a
     supplementary prospectus approved under sub-clause 4.4) in the United
     Kingdom or elsewhere which relates to or is likely to affect the Rights
     Issue without the prior written consent of the Banks (not to be
     unreasonably withheld or delayed).

10.2 The Company hereby undertakes with the Banks that it will not, except with
     the prior written consent of the Banks (not to be unreasonably withheld or
     delayed), between the date of this Agreement and 12/th/ April 2002 enter
     into any commitment or agreement, or put itself in a position where it is
     obliged to announce that any commitment or agreement may be entered into,
     which is material in the context of the issue of the New Ordinary Shares.

10.3 For the avoidance of doubt, the provisions of this clause 10 are without
     prejudice to the absolute rights of the Banks to approve the form and
     content of any supplementary prospectus as contemplated by clause 2.1.8 and
     clause 4.

11.  WARRANTIES

11.1 The Company represents, warrants and undertakes to the Banks in the terms
     set out in Schedule 3.

                                                                              16

<PAGE>

11.2 The Warranties are given subject to matters properly disclosed in the Issue
     Documents.

11.3 Each of the Warranties shall be construed separately and shall not be
     limited or restricted by reference to or inference from any other terms of
     this Agreement.

11.4 Save as otherwise provided herein the Warranties shall remain in full force
     and effect notwithstanding the issue of the New Ordinary Shares.

11.5 The Company undertakes to the Banks that it will:

     11.5.1  refrain from doing or omitting to do any act or thing whereby any
             of the Warranties would not be true if the Warranties were repeated
             at any time up to and including the date of Admission; and

     11.5.2  forthwith disclose in writing to the Banks any matter or thing
             which may arise or become known to it after the date of this
             Agreement and before Admission which is inconsistent with any of
             the Warranties or which might render any of them misleading or
             which would be inconsistent with any of the Warranties as if the
             Warranties were repeated at all times up to and including the date
             of Admission or which is material to be known by an applicant for
             any of the New Ordinary Shares or by the Underwriter as a potential
             acquirer of the New Ordinary Shares hereunder.

11.6 The Company shall on the date of, and immediately prior to, the posting of
     the PALs, confirm in writing to the Banks in the form of agreed draft "I"
     that, as at the date and time at which such confirmation is signed, there
     has been no breach of any of the Warranties and that no event has occurred
     by reason of which any of them has ceased to be true and accurate as if
     repeated by reference to facts and circumstances at such date.

11.7 The Underwriter undertakes and acknowledges to and with the Company that:

     11.7.1  none of the PALs, the Nil Paid Rights, the Fully Paid Rights or the
             New Ordinary Shares have been or will be registered by the
             Underwriter under the United States Securities Act of 1933 as
             amended (the "U.S. Securities Act") and may not be offered or sold
             by the Underwriter within the United States or to US Persons except
             pursuant to an exemption from, or in transactions not subject to,
             the registration requirements of the U.S. Securities Act. The
             Underwriter has not offered or sold, and will not offer or sell,
             any of the PALs, the Nil Paid Rights, the Fully Paid Rights or the
             New Ordinary Shares to persons within the United States (including
             sub-underwriters) except pursuant to an exemption from, or in
             transactions not subject to, the registration requirements of the
             U.S. Securities Act;

     11.7.2  neither it, its affiliates, nor any person acting on its behalf has
             engaged in or will engage in any "directed selling efforts" with
             respect to the PALs, the Nil Paid Rights, the Fully Paid Rights or
             the New Ordinary Shares;

     11.7.3  any sub-underwriter will agree that the restrictions set out in
             11.7.1 and 11.7.2 above apply to it; and

     11.7.4  terms used in this sub-clause 11.7 have the meanings ascribed to
             them by Regulation S under the US Securities Act.

                                                                              17

<PAGE>

11.8

     11.8.1  If the auditors for the time being of a Bank shall certify (at the
             request and expense of the Company) that any claim under the
             Warranties which has resulted in a payment having been made or
             becoming due from the Company would give rise to a Tax Relief for
             the Bank which would not otherwise have arisen, then, as and when
             the liability of the Bank to make an actual payment of tax is
             reduced by that Tax Relief (and in this respect the Bank may in its
             absolute discretion choose to utilise any other Tax Reliefs that
             are or become available to the Bank in priority to the Tax Relief
             which would not have arisen but for the claim which has resulted in
             the payment having been made or becoming due from the Company) or,
             in the case of a repayment, as and when the repayment is received,
             the amount by which the liability is reduced or the amount of the
             repayment shall be dealt with in accordance with clause 11.8.2.

     11.8.2  Where it is provided in clause 11.8.1 that any amount (the
             "Relevant Amount") is to be dealt with in accordance with this
             clause 11.8.2:

             (A) the Relevant Amount shall first be set off against any payment
                 then due from the Company under the Warranties; and

             (B) to the extent that there is any excess, a refund shall be made
                 to the Company of any previous payment or payments made by the
                 Company under the Warranties and not previously refunded under
                 this sub-clause up to the amount of such excess; and

             (C) to the extent that the excess referred to in paragraph
                 11.8.2(B) is not exhausted under that paragraph, the remainder
                 of that excess shall be paid to the Company by the relevant
                 Bank.

     11.8.3  Where any such certification as is mentioned in clause 11.8.1 has
             been made, the Company or the relevant Bank may (at its own
             expense) request the auditors for the time being of the Bank to
             review such certification in the light of all relevant
             circumstances, including any facts which have become known only
             since such certification, and to certify whether such certification
             remains correct or whether, in the light of those circumstances,
             the amount that was subject to such certification should be
             amended; and if the auditors certify under this clause 11.8.3 that
             an amount previously certified should be amended, that amended
             amount shall be substituted for the purposes of clause 11.8.2 as
             the Relevant Amount in respect of the certification in question in
             place of the amount originally certified and such adjusting payment
             (if any) as may be required by virtue of the above-mentioned
             substitution shall be made as soon as practicable by the Company or
             (as the case may be) to the Company.

11.9 If any payment becomes due from the Company to a Bank in respect of a
     breach of the Warranties and the Bank either:

     11.9.1  is immediately entitled at the due date for the making of that
             payment to recover from some other person (not being the Company)
             any sum in respect of the claim that has resulted in that payment
             becoming due from the Company; or

     11.9.2  becomes entitled at some subsequent date to make such a recovery,

                                                                              18

<PAGE>

     the Bank shall notify the Company of its entitlement and shall, if so
     required by the Company, at the Company's sole expense and subject to
     adequate security for costs being provided by the Company, take all
     appropriate steps to enforce that recovery (keeping the Company reasonably
     informed of the progress of any action taken) and shall account to the
     Company for whichever is the lesser of:

     (A)     any sum so recovered after deduction of all costs and expenses
             incurred by the Bank in enforcing such recovery; and

     (B)     the amount paid by the Company in respect of Warranty claim in
             question.

12.  LIMITATION OF CLAIMS AND INDEMNITY

12.1 No Indemnified Person shall have any liability to the Company in respect of
     any loss or damage which the Company may suffer by reason of or arising out
     of the carrying out by the Banks or any other Indemnified Person of their
     obligations hereunder and/or the issue of the New Ordinary Shares and/or
     the despatch of the Issue Documents and/or the Rights Issue, unless it has
     been judicially determined that such loss or damage arises from the
     negligence, wilful default or fraud of an Indemnified Person or from a
     material breach by either Bank of its obligations under this Agreement or
     from a material breach by the Sponsor of its engagement letter with the
     Company.

12.2 Furthermore, any transaction carried out by the Underwriter pursuant to
     sub-clause 8.1 or sub-clause 8.6 will constitute a transaction carried out
     at the request of and as agent for the Company and the Underwriter shall
     not be responsible for any loss or damage suffered or alleged to have been
     suffered by any person by reason of any insufficiency or alleged
     insufficiency of any dealing price at which the rights to subscribe for any
     of the New Ordinary Shares may be sold or the New Ordinary Shares may be
     subscribed or of the timing of any such sale or subscription.

12.3 Without limitation to sub-clauses 12.1 and 12.2 the Company agrees with,
     and acknowledges to the Banks (save in relation to any matters specifically
     acknowledged by the Sponsor to have been verified by it) that none of the
     Indemnified Persons shall be responsible to such other parties for
     verifying the accuracy and/or fairness of any information in the Prospectus
     and/or the Press Announcement or any supplement or amendment to any of the
     foregoing or otherwise published or caused to be published by the Company
     or any of the Subsidiaries in connection with the Rights Issue or the
     Applications.

12.4 The Company undertakes with the Banks (for themselves and for each of the
     other Indemnified Persons) that it will hold each of the Indemnified
     Persons fully and effectively indemnified against all claims, actions or
     demands which may be brought against any of the Indemnified Persons
     (together "Claims") and against any losses, liabilities, costs, charges or
     expenses (together "Losses") which may be suffered or incurred by any of
     the Indemnified Persons in connection with or arising, directly or
     indirectly, out of the Applications or the Rights Issue including, without
     prejudice to such generality:

     12.4.1  the performance by the Underwriter or the Sponsor of its respective
             obligations under this Agreement;

     12.4.2  the issue of the New Ordinary Shares;

                                                                              19

<PAGE>

     12.4.3  the publication and/or distribution of the Prospectus and/or the
             other Issue Documents or of any other statement or document in
             connection with the Rights Issue;

     12.4.4  the Issue Documents not containing or being alleged not to contain
             all information required to be stated therein (whether pursuant to
             the Listing Rules or otherwise) or any statement therein being or
             alleged to be untrue, incomplete, unfair, misleading or not based
             on reasonable grounds;

     12.4.5  any breach by the Company of its obligations under this Agreement;

     12.4.6  any breach of the Warranties;

     12.4.7  the approval by the Banks for the purposes of section 21 of the Act
             of any communication made by the Company in connection with or
             referring to the Prospectus and/or the issue of any other
             advertisement or other information submitted to the UK Listing
             Authority pursuant to section 98 of the Act, whether arising by
             reason of any person alleging that any of the contents of any
             thereof is not true or accurate or is unfair or misleading or
             infringes any applicable statute or the rules of any self
             regulating organisation of which the Sponsor or the Underwriter is
             a member or otherwise however;

     12.4.8  any letter, declaration or report required by the Listing Rules to
             be given by the Sponsor in connection with the Listing Application
             being, or being alleged to be, untrue, incorrect or misleading;

     12.4.9  any letter, declaration or report required by the LSE Admission
             Standards to be given by the Sponsor in connection with the Trading
             Application being, or being alleged to be, untrue, incorrect or
             misleading; and/or

     12.4.10 any breach or alleged breach of the laws or regulations of any
             country resulting from the Listing Application and/or Trading
             Application or the performance of this Agreement;

     including, without limitation, all reasonable costs, charges or expenses
     which any of the Indemnified Persons may incur in investigating, disputing
     or defending any such Claims or Losses or in establishing any claim for
     indemnity under this clause.

12.5 The indemnities contained in sub-clause 12.4:

     12.5.1  shall not extend to any actions, liabilities, losses, damages or
             expenses to the extent that the same are held by a court of
             competent jurisdiction or are acknowledged by the Sponsor or
             Underwriter to arise from the negligence, wilful default or fraud
             of any Indemnified Person or from a material breach by either Bank
             of its obligations under this Agreement or from a material breach
             by the Sponsor of its engagement letter with the Company;

     12.5.2  shall not extend to any Losses arising from the sale or loss in
             value of any New Ordinary Shares subscribed by the Underwriter
             pursuant to this Agreement, unless such Losses are occasioned by,
             or arise from or would not have arisen but for (in each case
             directly or indirectly) any breach by the Company of any of the
             Warranties or any other breach by the Company of its obligations
             under this Agreement.

                                                                              20

<PAGE>

     12.6   All sums payable under the indemnities in this clause 12 shall be
            paid free and clear of all deductions, set-offs or withholdings
            whatsoever save only as may be required by law. If any such
            deductions, set-offs or withholdings are required by law the Company
            shall be obliged to pay to the relevant person such sum as will,
            after such deduction, set-off or withholding has been made, leave
            that person with the same amount as it would have been entitled to
            receive in the absence of any such requirement to make a deduction,
            set-off or withholding. If any sum payable by the Company under this
            indemnity shall otherwise be subject to tax in the hands of the
            recipient the same obligation to make an increased payment shall
            apply in relation to such tax liability as if it were a deduction,
            set-off or withholding required by law.

     12.7

            12.7.1  If the auditors for the time being of an Indemnified Person
                    shall certify (at the request and expense of the Company)
                    that any claim which has resulted in a payment having been
                    made or becoming due from the Company under this clause 12
                    would give rise to a Tax Relief for the Indemnified Person
                    which would not otherwise have arisen, then, as and when the
                    liability of the Indemnified Person to make an actual
                    payment of tax is reduced by reason of that Tax Relief (and
                    in this respect the Indemnified Person may in its absolute
                    discretion choose to utilise any other Tax Reliefs that are
                    or become available to the Indemnified Person in priority to
                    the Tax Relief which would not have arisen but for the claim
                    which has resulted in the payment having been made or
                    becoming due from the Company) or, in the case of a
                    repayment, as and when the repayment is received, the amount
                    by which the liability is reduced or the amount of the
                    repayment shall be dealt with in accordance with clause
                    12.7.2.

            12.7.2  Where it is provided in clause 12.7.1 that any amount (the
                    "Relevant Amount") is to be dealt with in accordance with
                    this clause 12.7.2:

                    (A)  the Relevant Amount shall first be set off against any
                         payment then due from the Company under this clause 12;
                         and

                    (B)  to the extent that there is any excess, a refund shall
                         be made to the Company of any previous payment or
                         payments made by the Company under this clause 12 and
                         not previously refunded under this sub-clause up to the
                         amount of such excess; and

                    (C)  to the extent that the excess referred to in paragraph
                         12.7.2(B) is not exhausted under that paragraph, the
                         remainder of that excess shall be paid to the Company
                         by the relevant Indemnified Person.

            12.7.3  Where any such certification as is mentioned in clause
                    12.7.1 has been made, the Company or the relevant
                    Indemnified Person may (at their/its own expense) request
                    the auditors for the time being of the Indemnified Person to
                    review such certification in the light of all relevant
                    circumstances, including any facts which have become known
                    only since such certification, and to certify whether such
                    certification remains correct or whether, in the light of
                    those circumstances, the amount that was subject to such
                    certification should be amended; and if the auditors certify
                    under this clause 12.7.3 that an amount previously certified
                    should be amended, that amended amount shall be substituted
                    for the purposes of clause 12.7.2 as the Relevant Amount in
                    respect of the certification in question in place of the
                    amount originally certified and

                                                                              21

<PAGE>

                    such adjusting payment (if any) as may be required by virtue
                    of the above-mentioned substitution shall be made as soon as
                    practicable by the Company or (as the case may be) to the
                    Company.

     12.8   If any payment becomes due from the Company to an Indemnified Person
            under this clause 12 and the Indemnified Person either:

            12.8.1  is immediately entitled at the due date for the making of
                    that payment to recover from some other person (not being
                    the Company) any sum in respect of the claim that has
                    resulted in that payment becoming due from the Company; or

            12.8.2  becomes entitled at some subsequent date to make such a
                    recovery,

            the Indemnified Person shall notify the Company of their entitlement
            and shall, if so required by the Company, at the Company's sole
            expense and subject to adequate security for costs being provided by
            the Company, take all appropriate steps to enforce that recovery
            (keeping the Company reasonably informed of the progress of any
            action taken) and shall account to the Company for whichever is the
            lesser of:

            (A)     any sum so recovered after deduction of all costs and
                    expenses incurred by the Indemnified Person in enforcing
                    such recovery; and

            (B)     the amount paid by the Company pursuant to this clause 12 in
                    respect of the claim in question.

     12.9   The indemnities contained in this clause 12 are in addition to any
            rights which any Indemnified Person may have at common law or
            otherwise, including but not limited to any right of contribution
            and the provisions of this clause 12 shall remain in full force and
            effect notwithstanding the issue of the New Ordinary Shares.

     12.10  Subject to sub-clause 12.11, if the Sponsor or Underwriter becomes
            aware of any claim which shall be brought or threatened against any
            of the Indemnified Persons in respect of which indemnity may be
            sought under this clause 12, the relevant party shall as soon as
            practicable notify the Company in writing and enter into and
            thereafter maintain reasonable consultation with the Company on all
            major decisions concerning such claim and have regard to any
            requests reasonably made by the Company in relation to avoiding,
            disputing, resisting, appealing, compromising or defending any such
            claim, subject always to the Company indemnifying or securing the
            Indemnified Persons, in a manner satisfactory to the relevant Bank,
            against any and all costs, charges and expenses incurred by any of
            the Indemnified Persons in complying with any such request and any
            subsequent compromise or settlement of any such claim or action
            which would not otherwise have arisen.

     12.11  Nothing in sub-clause 12.10 shall require any of the Indemnified
            Persons to do, or refrain from doing, anything which would, or which
            the Banks in good faith consider might, prejudice any insurance
            cover to which any of the Indemnified Persons may from time to time
            be entitled or from which it or any of them may benefit.

     12.12  The Company agrees that it shall not, without the prior written
            consent of the Banks (not to be unreasonably withheld or delayed),
            settle, compromise or consent to the entry of any judgment with
            respect to any pending or threatened Claim in respect of which
            indemnification may be sought under this clause 12 (whether or not
            the Banks are an actual or potential party to such a Claim) unless
            such settlement, compromise

                                                                              22

<PAGE>

            or consent includes an unconditional release of all Indemnified
            Persons from all liability arising out of such a Claim.

     12.13  The Company further agrees that:

            12.13.1 where any loss, liability, damage, cost, charge or expense
                    is suffered by the Company (together "Losses") for which an
                    Indemnified Person would otherwise jointly and severally be
                    liable with any third party or third parties to the Company,
                    the extent to which such loss shall be recoverable by the
                    Company from such Indemnified Person shall be limited so as
                    to be in proportion to such Indemnified Person's
                    contribution to the overall fault for the Losses, as agreed
                    between the parties, or in the absence of agreement, as
                    determined by a court of competent jurisdiction; and

            12.13.2 where an Indemnified Person is liable for any loss,
                    liability, damage, cost, charge or expense suffered by any
                    party other than the Company (together "Third Party Losses")
                    or is liable to make any contribution in respect of such
                    Third Party Losses arising from or in connection with this
                    Agreement then the Company shall indemnify such Indemnified
                    Person in respect of such Third Party Losses to the extent
                    of any amount which such Indemnified Person would have been
                    entitled to recover from any of the Company's other advisers
                    pursuant to the Civil Liability (Contributions) Act 1978 or
                    otherwise but for any agreement between the Company or any
                    of its Subsidiaries and such other adviser to exclude and/or
                    limit the maximum financial amount of such other adviser's
                    liability to the Company or any of its Subsidiaries in
                    respect of such Third Party Losses.

     12.14  The Registrars shall be deemed not to be agents of the Underwriter
            for the purposes of this clause 12.

     12.15  The provisions of this clause 12 shall not apply to the extent they
            exclude or restrict any liability or obligation either Bank may have
            under the regulatory system (as defined in the Financial Services
            Authority Handbook).

     12.16  Sub-clause 15.4 shall apply in relation to the rights of the
            Indemnified Persons other than the Banks under this clause 12.

     12.17  Each of the sub-clauses of this clause 12 and each of the exclusions
            of liability and indemnities within those sub-clauses is and shall
            be construed as separate and severable and in the event that any
            such sub-clause, exclusion of liability or indemnity is determined
            by the court to be unenforceable in whole or in part for any reason,
            such unenforceability shall not affect or impair the enforceability
            of the other sub-clauses or the remainder of any sub-clause as
            appropriate and any such other sub-clauses or parts thereof, as
            appropriate, shall continue to bind the parties.

     13.    TERMINATION IN EXCEPTIONAL CIRCUMSTANCES

     13.1   If at any time prior to Admission it shall come to the notice of the
            Company or the Banks that:

            13.1.1  any statement contained in the Prospectus is or has become
                    untrue, incorrect in any material respect or misleading in
                    any material respect; or

            13.1.2  matters have arisen which would, if the Prospectus were
                    issued at that time, constitute a material omission
                    therefrom; or

                                                                              23

<PAGE>

            13.1.3  there has been a material breach of any of the Warranties;
                    or

            13.1.4  by reason of any event occurring or circumstance arising
                    after the date hereof, any one or more of the Warranties
                    would cease to be true and accurate in all material respects
                    if repeated at that time; or

            13.1.5  the Company has failed in any material respect to comply
                    with its obligations under this Agreement; or

            13.1.6  the Facility Agent has exercised any right under the Senior
                    Credit Facilities to cancel the Total Commitments and/or
                    declare that all or any part of any amounts outstanding
                    under the Finance Documents are immediately due and payable,
                    and/or payable on demand (each of the Facility Agent, the
                    Total Commitments and the Finance Documents being as defined
                    in the Senior Credit Facilities);

            the Company or the Banks as the case may be will forthwith give
            notice thereof to the other of them and the Banks may by notice in
            writing to the Company terminate this Agreement forthwith.

     13.2   If the Company fails, for a reason which is material in the context
            of the Warranties (including the Warranties as if repeated as
            referred to in such confirmation), to deliver to the Banks the
            confirmation required by sub-clause 11.6 the Banks may by notice in
            writing to the Company terminate this Agreement forthwith.

     13.3   If at any time prior to Admission there shall occur, develop or come
            into effect any fundamental change in national or international,
            financial, economic, or political conditions and/or any disaster
            which materially and adversely affects the financial position and/or
            prospects of the Group taken as a whole or any general materially
            adverse change in market conditions, and if in the reasonable
            opinion of the Banks such change or disaster would materially
            prejudice the success of the Rights Issue, or is likely materially
            and adversely to affect the financial position, business or
            prospects of the Group taken as a whole, the Banks (after such
            consultation with the Company and its advisers as the circumstances
            shall, in the Banks' reasonable opinion, permit) may by notice in
            writing to the Company terminate this Agreement forthwith.

     13.4   Upon termination of this Agreement under any of the foregoing
            provisions of this clause 13, subject to the provisions of clause
            14, all obligations of the Banks hereunder and any outstanding
            obligations of the Company hereunder shall cease and determine and
            none of the parties shall have any claim against any other in
            relation thereto.

     14.    EFFECT OF TERMINATION

     14.1   If the obligations of the Banks under this Agreement shall cease and
            determine pursuant to clause 2 or clause 13, no party shall have any
            claim against any other party hereto for compensation, costs,
            damages or otherwise, save that:

            14.1.1  the Company shall forthwith pay to the Banks the costs and
                    expenses and fees referred to in clause 9.3 and 9.5;

            14.1.2  the provisions of clauses 1, 11, 12, 14, 15, 17, 18, 19, 21,
                    and 22 shall continue to apply notwithstanding such
                    termination; and

                                                                              24

<PAGE>

            14.1.3  such cessation and determination shall not prejudice any
                    accrued rights or claims by a party against any other party
                    hereto (including, without limitation, any right to make a
                    claim under the Warranties in relation to any such matter as
                    gave rise to a right to terminate this Agreement under
                    sub-clause 13.1 or 13.2, but without giving rise to a right
                    to make a claim for damages under the Warranties by reason
                    of any deemed repetition of the Warranties after the date of
                    this Agreement).

     14.2   If the obligations of the Banks under this Agreement shall cease and
            determine pursuant to clause 2 or clause 13, then:

            14.2.1  the Company will co-operate with all reasonable requests of
                    the Banks with a view to ensuring that all cheques or
                    bankers' drafts received with respect to the New Ordinary
                    Shares which have not been presented are returned to the
                    relevant subscribers or sub-underwriters and that the
                    proceeds of any cheques or bankers' drafts received from
                    subscribers or sub-underwriters which have been presented
                    (together with all other monies received from
                    sub-underwriters) are repaid to the relevant subscribers or
                    sub-underwriters in each case as soon as practicable; and

            14.2.2  the Company shall immediately withdraw the Applications and,
                    if requested in writing by the Underwriter, shall make a
                    press announcement in a form reasonably required by the
                    Underwriter.

     15.    OBLIGATIONS OF THE PARTIES

     15.1   The provisions of this Agreement shall enure for the benefit of the
            Banks and their successors and assigns.

     15.2   The obligations of the Company hereunder (including, without
            limitation, under the Warranties and the indemnities in clause 12)
            shall be binding on its assigns or successors in title (as the case
            may be).

     15.3   Any liability to the Banks hereunder may in whole or in part be
            released, compounded or compromised and time or indulgence may be
            given by the Banks as regards any person under such liability
            without prejudicing the Banks' rights against any other person under
            the same or a similar liability.

     15.4   With the exception of the right of the Indemnified Persons other
            than the Banks (the "Third Parties") to enforce the terms contained
            in clause 12 of this Agreement, no term of this Agreement is
            enforceable under the Contracts (Rights of Third Parties) Act 1999
            by a person who is not a party to this Agreement. The rights of the
            Third Parties to enforce the terms of clause 12 of this Agreement
            are subject to the term that the Banks are the only persons who have
            the right (which they may waive in whole or in part in its absolute
            discretion and without the consent of or consultation with any Third
            Party) to have the sole conduct of any proceedings in relation to
            the enforcement of such rights (including any decision as to
            commencement or compromise of such proceedings) but will not owe any
            duty or have any liability to any of the Third Parties in relation
            to such conduct. The rights of the Third Parties under clause 12 are
            also subject to the terms of clauses 15 and 22 of this Agreement.
            The parties to this Agreement may by agreement rescind or vary any
            term of this Agreement without the consent of any of the Third
            Parties.

                                                                              25

<PAGE>

     16.  TIME OF THE ESSENCE

     16.1 Any date or period mentioned in any clause may be extended by mutual
          agreement between the Company and the Banks but, as regards any date
          or period originally fixed or any date or period so extended as
          aforesaid, time shall be of the essence.

     16.2 Any time mentioned herein is a reference to London time.

     17.  WITHHOLDING AND GROSSING-UP

     17.1 All sums payable to the Banks under this Agreement shall be paid free
          and clear of all deductions or withholdings unless the deduction or
          withholding is required by law, in which event the relevant person
          shall pay such additional amount as shall be required to ensure that
          the net amount received by the Banks will equal the full amount which
          would have been received by it had no such deduction or withholding
          been made.

     17.2 If the United Kingdom Inland Revenue or any other tax authority brings
          into charge to tax (or into any computation of income, profit or gains
          for the purposes of any charge to tax) any sum payable to the Banks
          under this Agreement (other than in respect of the Fee, the
          Underwriter Fee and any payments of costs and expenses under clause
          9), then the person liable to make such payment shall pay such
          additional amount as shall be required to ensure that the total amount
          paid, less the tax chargeable thereon (or that would be so chargeable
          but for the availability of relief in respect of that charge to tax),
          is equal to the amount that would otherwise be payable to the Banks
          under this Agreement (additional payments made on demand by the
          Banks).

     17.3 This clause 17 is not intended to apply to any sum payable under
          clause 12 to which the provisions of clause 12 shall apply, and shall
          apply to sums payable under clause 11 subject to the provisions of
          clause 11.

     18.  VARIATION

          No variation of this Agreement shall be effective unless it is in
          writing and signed by or on behalf of the parties.

     19.  ENTIRE AGREEMENT

          This Agreement (and the documents referred to herein) contains the
          entire agreement and understanding between the parties concerning the
          subject matter of this Agreement and supersedes any previous agreement
          or understanding between the parties relating to its subject matter.

     20.  COUNTERPARTS

          This Agreement may be executed in any number of counterparts by the
          parties. Each separate counterpart when executed and delivered shall
          constitute an original and all counterparties together shall
          constitute one and the same instrument.

     21.  NOTICES

     21.1 All notices delivered hereunder shall be in writing and shall be
          delivered by hand or despatched by first class post or by facsimile
          (in the case of notices given to the Company (Fax No: 020 7304 6001)
          or to the Sponsor (Fax No: 020 7888 1600) or to the Underwriter (Fax
          No: 020 7888 1600), to the following addresses: if to the Company, to
          its registered office for the time being marked for the attention of
          the

                                                                              26

<PAGE>

          Company Secretary; if to the Sponsor to its address set out herein
          marked for the attention of the Head of Legal and Compliance and if to
          the Underwriter to the address set out herein marked for the attention
          of the Head of Legal and Compliance or such other address or marked
          for the attention of such other person as the Banks may from time to
          time notify in writing to the Company.

     21.2 Any such notice shall take effect in the case of delivery by hand upon
          delivery, in the case of despatch by post 24 hours after posting, and
          in the case of facsimile, on production of a transmission report by
          the machine from which the facsimile was sent which indicates that the
          facsimile was sent in its entirety to the facsimile number of the
          recipient specified in sub-clause 21.1.

     22.  GOVERNING LAW, JURISDICTION AND SERVICE OF PROCESS

     22.1 This Agreement shall be governed by, and construed in accordance with,
          English law.

     22.2 Each party irrevocably agrees for the benefit of the Banks that the
          Courts of England shall have exclusive jurisdiction in relation to any
          claim, dispute or difference concerning this Agreement and any matter
          arising therefrom.

     22.3 Each party irrevocably waives any right that it may have to object to
          an action being brought in those Courts, to claim that the action has
          been brought in an inconvenient forum, or to claim that those Courts
          do not have jurisdiction.

     22.4 Each party agrees that without preventing any other mode of service,
          any document in an action (including, but not limited to, a claim form
          or any other document to be served under the Civil Procedure Rules)
          may be served on any party by being delivered to or left for that
          party at its address for service of notices under clause 21 and each
          party undertakes to maintain such an address at all times in the
          United Kingdom and to notify the other party in advance of any change
          from time to time of the details of such address in accordance with
          the manner prescribed for service of notices under clause 21.

     IN WITNESS whereof this Agreement has been executed as a deed the day and
     year first before written.

                                                                              27

<PAGE>

                                   SCHEDULE 1

                                  The Directors

P M Brooks

A J Allner

D S McCulloch

D W Odum

G E Morris

R E Briggs

W Schmidt

                                                                              28

<PAGE>

                                   SCHEDULE 2

                                LIST OF DOCUMENTS

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
     Documents                                                     No of     Execution Requirements
                                                                   copies
---------------------------------------------------------------------------------------------------------------
<S>                                                                <C>       <C>
     Part I
     ------
---------------------------------------------------------------------------------------------------------------
1.   Listing Application duly signed on behalf of the Company      1         Signed original
     (in the form required by the Listing Rules) together with
     such other letters or documents signed by the Brokers or
     independent market makers as may be required by the
     Listing Rules to support the Listing Application and a                  21/st/ February
     cheque in respect of UK Listing Authority charges.                      ---------------
---------------------------------------------------------------------------------------------------------------
2.   Trading Application duly signed on behalf of the Company      1         Signed original
     (in the form required by the LSE Admission Standards)
     together with such other letters or documents as are
     required by the LSE Admission Standards to support the
     Trading Application (to the extent not already delivered
     pursuant to this schedule) and a cheque in respect of                   21/st/ February
     London Stock Exchange charges.                                          ---------------
---------------------------------------------------------------------------------------------------------------
3.   Final Form Issue Documents.                                   5         2 of which must have been
                                                                             signed by each Director or by
     Press Release 20/th/ February                                           his agent or attorney duly
     -----------------------------                                           authorised in writing (together
                                                                             with the original and one
     Prospectus/Proxy 21/st/ February                                       certified copy of any such
     --------------------------------                                        authorisation)
---------------------------------------------------------------------------------------------------------------
4.   Report(s) prepared by the Reporting Accountants and           2         1 signed original and 1
     addressed to the Directors and the Sponsor reporting on                 certified copy
     the working capital requirements of the Group.
                                                                              20/th/ February
                                                                              ---------------
---------------------------------------------------------------------------------------------------------------
5.   Letter(s) from the Auditors relating to Proforma Statement    2         1 signed original and 1
     of net assets contained in the Prospectus, relating to                  certified copy
     significant changes in the trading and financial position
     of the Group since 29th December 2001 and reporting on the              Net Assets: 21/st/ February
     extraction of financial information in the Prospectus and               ---------------------------
     consenting to the issue of the Prospectus.
                                                                             Significant Change/
                                                                             -------------------
                                                                             extraction: 20/th/ and 21/st/
                                                                             -----------------------------
                                                                             February
                                                                             --------
---------------------------------------------------------------------------------------------------------------
6.   Letter from the Company to the Banks (in a form previously    1         Original signed by each
     approved by the Banks) confirming that the Company is                   Director or by his agent or
     satisfied, after due and careful enquiry, that the working              attorney duly authorised in
     capital available to the Group is sufficient.                           writing (together with a
                                                                             certified copy of such
---------------------------------------------------------------------------------------------------------------
</TABLE>

                                                                              29

<PAGE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
      Documents                                                    No of     Execution Requirements
                                                                   copies
---------------------------------------------------------------------------------------------------------------
<S>                                                                <C>       <C>
      available to the Group is sufficient.                                  authorisation, if not already
                                                                             delivered).
                                                                             20/th/ February
                                                                             ---------------
---------------------------------------------------------------------------------------------------------------
7.    Letter from the Auditors to the Banks relating to            1         Signed original
      paragraphs 2.9 and 2.12 of the Listing Rules.
                                                                             20/th/ and 21/st/ February
                                                                             --------------------------
---------------------------------------------------------------------------------------------------------------
8.    Letter from the Company's solicitors to the Banks relating   1         Signed original
      to paragraph 2.12 of the Listing Rules.
                                                                             20/th/ and 21/st/ February
                                                                             --------------------------
---------------------------------------------------------------------------------------------------------------
9     Letter from the Company to the Banks relating to paragraph   1         Signed original
      2.12 of the Listing Rules.
                                                                             20/th/ and 21/st/ February
                                                                             --------------------------
---------------------------------------------------------------------------------------------------------------
10.   Letter from the Company to the Banks in relation to          1         Signed original
      financial information extracted from accounting records,
      pursuant to paragraph 2.20 of the Listing Rules.                       20/th/ and 21/st/ February
                                                                             --------------------------
---------------------------------------------------------------------------------------------------------------
11.   Consent Letter from any person who gave a statement, or is   1         Signed original
      of each named, as an expert in the Prospectus confirming
      that the statement or report is included in the Prospectus
      with the consent of that person who has authorised the
      contents of that part of the Prospectus for the purposes
      of Paragraph 6(1)(e) of The Financial Services and Markets             21/st/ February
      Act 2000 (Official Listing of Securities) Regulations 2001.            ---------------
---------------------------------------------------------------------------------------------------------------
12.   Letter from the Directors to the UK Listing Authority, as    2         1 signed original, signed by
      required by paragraph 5.5 of the Listing Rules, in a form              each Director or by his agent
      previously approved by the Banks.                                      or attorney duly authorised in
                                                                             writing (together with a
                                                                             certified copy of such
                                                                             authorisation, if not already
                                                                             delivered) and 1 certified copy
                                                                             20/th/ and 21/st/ February
                                                                             --------------------------
---------------------------------------------------------------------------------------------------------------
13.   Verification Notes in respect of the Prospectus.             1
---------------------------------------------------------------------------------------------------------------
14.   Minutes of the meeting of the Board at which (inter alia)    2         Certified copies
      resolutions were passed approving and authorising the
      Applications and the publication of the Prospectus and
      authorising the execution of this Agreement by the Company.            20/th/ February
---------------------------------------------------------------------------------------------------------------
15.   Each of the material contracts listed in paragraph 7 of      2         Certified copies
      Part VI of the Prospectus.
---------------------------------------------------------------------------------------------------------------
</TABLE>

                                                                              30

<PAGE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
      Documents                                                     No of     Execution Requirements
                                                                    copies
---------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>       <C>
---------------------------------------------------------------------------------------------------------------
17.   Save to the extent already delivered to the Banks pursuant    2         Certified copies
      to this Schedule and save for any letters to be signed by
      the Banks, each of the documents stated in the Prospectus
      to be available for inspection.
---------------------------------------------------------------------------------------------------------------
18.   Responsibility statements from each Director in the form      1         Originals signed by each
      previously approved by the Banks.                                       Director or by his agent or
                                                                              attorney duly authorised in
                                                                              writing (together with a
                                                                              certified copy of such
                                                                              authorisation, if not already
                                                                              delivered)
---------------------------------------------------------------------------------------------------------------
18.A  10b-5 letters in the common form from Clifford Chance and               21/st/ February
      ---------------------------------------------------------               ---------------
      Cravath Swain & Moore
      ---------------------
---------------------------------------------------------------------------------------------------------------
      Part II
      -------
---------------------------------------------------------------------------------------------------------------
19.   Declaration to the UK Listing Authority by the Company in     1         1 original and 1 certified copy
      the form set out in Schedule 6 to the Listing Rules to be
      dated the day of Admission.
---------------------------------------------------------------------------------------------------------------
20.   Security application forms in respect of the Nil Paid         1         Certified copy
      Rights and the Fully Paid Rights which have been given to
      CRESTCo.
---------------------------------------------------------------------------------------------------------------
</TABLE>

                                                                              31

<PAGE>

                                   SCHEDULE 3

                                 The Warranties

(A)   the Issue Documents contain all particulars and information required by
      and are in accordance with, and (save as a result of any action improperly
      or unlawfully taken by the Banks of their own volition and without the
      knowledge or consent of the Company) the manner in which they are to be
      published, distributed and/or advertised does not breach, the Act, the
      Listing Rules, the LSE Admission Standards, the Companies Act 1985 and all
      other relevant statutes and governmental regulations in the United Kingdom
      and elsewhere;

(B)   all statements of fact contained in the Prospectus and the Press
      Announcement are true and accurate in all material respects and not
      misleading in any material respect and all statements of opinion,
      intention or expectation contained therein are truly and honestly held and
      have been made after due and careful consideration, and there is no fact
      or matter omitted from the Issue Documents which (i) investors and their
      professional advisers would reasonably require, or reasonably expect to
      find there, for the purpose of making an informed assessment of the assets
      and liabilities, financial position, profits and losses and prospects of
      the Group and of the rights attaching to the New Ordinary Shares, or (ii)
      the omission of which makes any statement therein misleading in any
      material respect or (iii) in the context of the Rights Issue is material
      for disclosure therein;

(C)   so far as the Company is aware, there are no matters other than those
      disclosed in the Prospectus or otherwise in writing to the UK Listing
      Authority or the London Stock Exchange which should be taken into account
      by the UK Listing Authority or the London Stock Exchange in considering
      the Applications;

(D)   without limitation to paragraph (B) above, (i) the working capital
      statement contained in the Prospectus has been made after due and careful
      consideration and after taking into account all information currently
      available to the Directors (ii) the Board intends to follow the dividend
      policy set out in the Prospectus; and (iii) the interests of Directors and
      of persons connected with the Directors (within the meaning of section 346
      of the Companies Act 1985) in the share capital of the Company and the
      Directors' interests (if any) in contracts and other arrangements of or
      with the Group are fairly and accurately described in the Prospectus and
      (save for those described in the Prospectus) no Director has any interest
      in any subsisting contract or arrangement with any member of the Group;

(E)   (1)      all sums due in respect of the issued capital of the Company have
               been paid to and received by the Company and except as stated in
               the Prospectus there are no allotted but unissued shares or
               outstanding options or other rights to subscribe for or call for
               the allotment of any share or loan capital of the Company;

      (2)      the register of members of the Company contains a complete and
               accurate record of the members of the Company and the Company has
               not received any notice of any application or intended
               application for rectification;

      (3)      following the passing of the Resolutions, the Company has power
               under its memorandum and articles of association to allot and
               issue the New Ordinary Shares and make the Applications in the
               manner proposed in this Agreement and, subject only to the
               passing of the Resolutions, all consents

                                                                              32

<PAGE>

               required by the Company for the issue of New Ordinary Shares and
               to effect the Applications have been irrevocably and
               unconditionally obtained;

      (4)      subject to the passing of the Resolutions, the allotment and
               issue of the New Ordinary Shares will not infringe any limits,
               powers or restrictions to which the Company is subject or the
               terms of any contract, obligation or commitment whatsoever of the
               Group nor give rise to any obligation under any such contract,
               obligation or commitment which is inconsistent with the
               acquisition, pursuant to the Rights Issue and this Agreement, of
               valid unencumbered title to the New Ordinary Shares;

(F)   all statements of fact contained in the review by the Reporting
      Accountants of working capital forecasts (copies of which have been
      delivered to the Banks) are true and accurate in all material respects;
      (i) the Company does not disagree in any material respect with any
      statement of opinion or expectation contained therein, the Company is not
      aware of any matter omitted therefrom which is material or the omission of
      which makes such review misleading in any material respect and the Company
      is not of the view that any of the forecasts and assumptions set out in
      such review is unreasonable; and (ii) no material information was withheld
      from the Reporting Accountants in connection with the preparation of such
      review and such information was when given not misleading in any material
      respect and, so far as the Company is aware, nothing has occurred since to
      require the same to be amended or updated in any material respect;

(G)   the answers to the Verification Notes have been provided with due care and
      attention;

(H)   each member of the Group has been duly incorporated and has full corporate
      power and authority to carry on its business as at the date hereof and has
      carried on such business in compliance in all material respects with all
      legal requirements applicable to such business, whether in the United
      Kingdom or elsewhere, and save as disclosed in the Prospectus each member
      of the Group holds all material licences, permissions, authorisations and
      consents necessary to enable it to carry on the same, and all such
      licences, permissions, authorisations and consents are in full force and
      effect and there are no circumstances of which the Company is aware which
      indicate that any of them may be revoked, rescinded, avoided or repudiated
      or not renewed in whole, or in part, in the ordinary course of events;

(I)   none of the Company, it Subsidiaries nor any person acting on its or their
      behalf has engaged or will engage in any "directed selling efforts" with
      respect to the PALs, the Nil Paid Rights, the Fully Paid Rights or the New
      Ordinary Shares; there is no "substantial U.S. market interest" in the
      Ordinary Shares (terms used in this paragraph (I) have the meanings
      ascribed to them by Regulation S under the United States Securities Act of
      1933, as amended);

(J)   the audited financial statements of the Group set out in Part II of the
      Prospectus were prepared in accordance with United Kingdom accounting
      principles and all applicable Statements of Standard Accounting Practice
      and Financial Reporting Standards and pronouncements of the Urgent Issues
      Task Force except as disclosed or stated in the relevant accounts and gave
      a true and fair view of the state of affairs of the Group at the relevant
      balance sheet date and of the profits/losses of the Group for such
      periods;

                                                                              33

<PAGE>

(K)   so far as the Company is aware, no member of the Group has taken any
      action nor have any other steps been taken or legal proceedings started or
      threatened against any member of the Group for its winding up or
      dissolution or for it to enter into any arrangement or composition for the
      benefit of creditors, or for the appointment of a receiver, administrator,
      trustee or similar officer of any member or any of its properties,
      revenues or assets;

(L)   since the Accounts Date and save as provided for in the audited accounts
      of the Company as at the Accounts Date, the Company has not declared, made
      or paid any dividend or other distribution (as defined in the Taxes Act
      1988);

(M)   save as disclosed in the Prospectus, since 29 December 2001 (i) the
      businesses of each member of the Group have been carried on in the
      ordinary course; (ii) there has been no material adverse change in the
      financial or trading position or prospects of the Group taken as a whole;
      and (iii) no member of the Group has entered into any transaction outside
      the ordinary course of business which is of a material nature;

(N)   no event has occurred upon the occurrence of which any indebtedness of the
      Group has or will become payable prior to maturity by reason of any event
      of default (howsoever described) on the part of or in relation to any
      member of the Group;

(O)   each of the Company and its Subsidiaries has, and at all material times
      has had, insurance cover in respect of its business and assets:

      (1)   against all material risks which a person carrying on the same type
            of business as the Company or any of its Subsidiaries (as the case
            may be) or having similar assets may reasonably be expected to
            insure against; and

      (2)   for such amount in respect of its business as would in the
            circumstances be prudent for such a business;

(P)   save as disclosed in the Prospectus, no member of the Group is engaged in
      any litigation, arbitration, prosecution or other legal proceedings which
      may have a significant effect on the Group's financial position (other
      than routine debt collection) nor, to the best of the knowledge and belief
      of the Company having made all reasonable enquiries, are any such
      proceedings threatened or anticipated;

(Q)   all information in relation to the Directors contained in the Prospectus
      is true and accurate in all material respects;

(R)   save as disclosed in the Prospectus, there is not outstanding:

      (1)   any loan made by any member of the Group to, or debt owing to any
            member of the Group by, any of the Directors or any person connected
            with any of them (within the meaning of section 839 of the Taxes Act
            1988);

      (2)   any agreement or arrangement to which any member of the Group is a
            party and in which any of the Directors or any such connected person
            is interested; and

                                                                              34

<PAGE>

(T)   the Prospectus and the Press Announcement do not contain any untrue
      statement of a material fact or omit to state any material fact necessary
      to make the statements therein, in the light of the circumstances under
      which they were made, not misleading.

                                                                              35

<PAGE>

                                   SCHEDULE 4

                          New Ordinary Shares taken up

(1)    In this Schedule, "MTM instruction" means a many-to-many instruction
       which:

       (a)   on its settlement has the effect as described in paragraph 2(b)(ii)
             of part III of the Prospectus;

       (b)   has been properly authenticated in accordance with that paragraph;
             and

       (c)   contains the information required by that paragraph.

(2)    The Company may in its sole discretion treat an MTM instruction which
       constitutes a properly authenticated dematerialised instruction (the
       "first instruction") as not constituting a valid acceptance in accordance
       with paragraph 2(b)(ii) of part III of the Prospectus if at the time at
       which the Registrars receive a properly authenticated dematerialised
       instruction giving details of the first instruction, the Company or the
       Registrars are or have been notified by CRESTCo of a matter specified in
       regulation 35(5)(a) of the CREST Regulations in relation to the first
       instruction.

(3)    In this Agreement, New Ordinary Shares are "taken up" if:

       (a)   where the New Ordinary Shares in nil paid form are in certificated
             form, the following has occurred by 10.30 am on the Acceptance
             Date:

             (i)   a PAL in respect of those New Ordinary Shares has been lodged
                   with the Registrars for acceptance (whether by the person to
                   whom the New Ordinary Shares were provisionally allotted or
                   by renouncees of the right to accept allotment) in accordance
                   with the terms of the Prospectus and the PAL;

             (ii)  the cheque or other remittance that accompanies the PAL is
                   for the full amount payable in respect of those New Ordinary
                   Shares; and

             the Company has not been notified by 6.00 p.m. on the business day
             following the Acceptance Date that the cheque or other remittance
             has been dishonoured (whether or not the cheque or other remittance
             is subsequently honoured); or

       (b)   the New Ordinary Shares in nil paid form are in uncertificated form
             and:

             (i)   an MTM instruction in respect of those New Ordinary Shares
                   settles by 10.30 am on the Acceptance Date; or

             (ii)  an MTM instruction in respect of those New Ordinary Shares
                   constitutes a valid acceptance in accordance with paragraph
                   2(b)(ii)(bb) of part III of the Prospectus and settles by
                   2.00 pm on the Acceptance Date; or

             (iii) the following has occurred:

                                                                              36

<PAGE>

                  1.    an MTM instruction in respect of those New Ordinary
                        Shares constitutes a valid acceptance in accordance with
                        paragraph 2(b)(ii)(bb) of part III of the Prospectus;
                        and

                  2.    the MTM instruction has not settled by 2.00 pm on the
                        Acceptance Date (or by such later time or date as the
                        Company and the Underwriter decide); and

                  3.    the Company is not entitled to assume, in accordance
                        with paragraph (A) of paragraph 2(b)(ii) of part III of
                        the Prospectus, that there has been a breach of any of
                        the representations, warranties or undertakings set out
                        or referred to in part III of the Prospectus because it
                        is aware of a reason outside the control of the CREST
                        member or CREST sponsor that sent the MTM instruction
                        for its failure to settle; or

             (iv) the following has occurred:

                  1.    an MTM instruction in respect of those New Ordinary
                        Shares constitutes a valid acceptance in accordance with
                        paragraph 2(b)(ii)(bb) of part III of the Prospectus;

                  2.    the MTM instruction has not settled by 2.00 p.m. on the
                        Acceptance Date (or by such later time or date as the
                        Company and the Underwriter decide);

                  3.    the Company is entitled to assume, in accordance with
                        paragraph (A) of paragraph 2(b)(ii) of part III of the
                        Prospectus, that there has been a breach of any of the
                        representations, warranties or undertakings set out or
                        referred to in part III of the Prospectus because it is
                        not aware of a reason outside the control of the CREST
                        member or CREST sponsor that sent the MTM instruction
                        for its failure to settle; and

                  4.    the Company exercises its discretion not to reject the
                        acceptance constituted by the MTM instruction; or

             (v)  an MTM instruction in respect of those New Ordinary Shares
                  does not constitute a valid acceptance in accordance with
                  paragraph 2(b)(ii) of part III of the Prospectus and the
                  Company exercises its discretion not to reject the acceptance
                  constituted by the MTM instruction.

(4)    For the avoidance of doubt the Underwriter has no liability or obligation
       under this Agreement in relation to any New Ordinary Shares if the New
       Ordinary Shares in nil paid form are in certificated form and:

       (a)   the acceptance of the Provisional Allotment Letter in respect of
             those New Ordinary Shares is rejected after 10.30 am on the
             Acceptance Date due to the failure to provide satisfactory evidence
             of identity to comply with the Money Laundering Regulations 1993 in
             the manner contemplated in the Issue Documents; or

                                                                              37

<PAGE>

       (b)   the cheque or other remittance for which is dishonoured after 6.00
             p.m. on the business day following the Acceptance Date except if
             each party has been notified that the cheque or other remittance
             has been dishonoured by such time.

(5)    The Underwriter and the Company may agree that New Ordinary Shares
       comprised in PALs are deemed to have been taken up and therefore not
       treated as Unaccepted Shares by 10.30 am on the Acceptance Date if the
       New Ordinary Shares in nil paid form are in certificated form and:

       (a)   a cheque or other remittance for the full amount payable in respect
             of those New Ordinary Shares (and whether or not the cheque or
             other remittance is honoured) is received by 10.30 am on the
             Acceptance Date from an authorised person (as defined in the Act)
             or a qualified institutional buyer within the meaning of rule 144A
             under the US Securities Act identifying those New Ordinary Shares
             and undertaking to lodge the relevant PAL properly completed in due
             course; or

       (b)   the relevant PAL and a cheque or other remittance for the full
             amount payable in respect of those New Ordinary Shares (and whether
             or not the cheque or other remittance is honoured) are received by
             10.00 am on the first dealing day after the Acceptance Date by post
             and the cover bears a legible postmark of not later than 10.30 am
             on the Acceptance Date.

(6)    If the parties decide to extend the time for settlement of MTM
       instructions as referred to in paragraph 3(b)(iii)(2) and 3(b)(iv)(2),
       the Company shall forthwith ask CRESTCo not to disable the Nil Paid
       Rights until the end of that extension.

(7)    As soon as practicable after 10.30 am on the Acceptance Date and by 12.00
       noon on the first dealing day after the Acceptance Date, the Company
       shall exercise its discretion in paragraph 3(b)(iv)(4) and 3(b)(v) above
       so as to maximise the number of New Ordinary Shares that are taken up
       except as agreed by the Underwriter (such agreement not be unreasonably
       withheld or delayed).

(8)    If the Company accepts:

       (a)   an alternative properly authenticated dematerialised instruction
             from a CREST member or (where applicable) a CREST sponsor in
             accordance with paragraph (C) of paragraph 2(b)(ii) of part III of
             the Prospectus; or

       (b)   an alternative instruction or notification from a CREST member or
             CREST personal member or (where applicable) a CREST sponsor in
             accordance with paragraph (E) of paragraph 2(b)(ii) of part III of
             the Prospectus;

       as constituting a valid acceptance in respect of any New Ordinary Shares,
       those New Ordinary Shares are deemed to have been taken up.

                                                                              38

<PAGE>

EXECUTED as a Deed      )
for and on behalf of    )
ENODIS PLC              )
acting by:-             )
                                                   /s/ Peter Brooks
                                                --------------------------------
                                                (Director)

                                                   /s/ David Hooper
                                                --------------------------------
                                                (Director/Secretary)

EXECUTED as a Deed                  )
for and on behalf of CREDIT SUISSE  )
FIRST BOSTON (EUROPE) LIMITED       )
acting by:-                         )
                                                   /s/ George Maddison
                                                --------------------------------
                                                (Director)

                                                   /s/ Derek Shakespeare
                                                --------------------------------
                                                (Director/Secretary)

EXECUTED as a Deed                  )
for and on behalf of CREDIT SUISSE  )
FIRST BOSTON EQUITIES LIMITED       )
acting by:-                         )
                                                   /s/ George Maddison
                                                --------------------------------
                                                (Director)

                                                   /s/ Derek Shakespeare
                                                --------------------------------
                                                (Director/Secretary)

                                                                              39

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