TRUST DEED DATED 14 DECEMBER 2007 AS AFFECTED BY A UNITING DIRECTION MADE UNDER S.96 OF THE CHARITIES ACT 1993 AND DATED 24 JANUARY 2008.

THE CORPORATE TRUSTEE MUST HOLD THE PROPERTY OF THE ENDOWMENT TRUST ON TRUST FOR AND APPLY THE INCOME OF THE ENDOWMENT TRUST IN FURTHERING THE FOLLOWING OBJECTS FOR THE PUBLIC BENEFIT ("THE OBJECTS"):- A) TO ACQUIRE, TRANSPORT, REBUILD, RESTORE AND FIT OUT THE SS GREAT BRITAIN TO PRESERVE THE SAME FOR ALL TIME FOR THE BENEFIT OF THE PUBLIC AS A SHIP OF HISTORIC INTEREST AND TO PLACE THE SAME UPON PUBLIC DISPLAY; AND B) TO INCREASE THE SUM OF PUBLIC KNOWLEDGE AND TO PROMOTE THE STUDY OF MARITIME AND INDUSTRIAL ENGINEERING AND SCIENCE, AND MARITIME ARCHAEOLOGY AND SOCIAL HISTORY, AND TO COLLECT IN ANY MANNER WHATSOEVER, PRESERVE, AND MAKE ACCESSIBLE AS A MUSEUM ARTEFACTS AND SPECIMENS THAT DEMONSTRATE AND REFLECT A TANGIBLE LINK WITH THE PAST AND PRESENT OF MARITIME AND INDUSTRIAL ENGINEERING AND SCIENCE, AND MARITIME ARCHAEOLOGY AND HISTORY, FOR THE BENEFIT OF THE PUBLIC.

NOT DEFINED IN PRACTICE BRISTOL

• 29 January 2008 : Standard registration