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N86

Interim charging order

CPR Part 73

On 30TH June 2020, Master Davison considered the application of the Claimants (“the Judgment Creditors”), from which it appears:

1. a Judgment given on 18 February 2020, by the Commercial Court, Queen's Bench Division, High Court of Justice in Claim No. CL-2020-000084 ordered the Defendant ("the Judgment Debtor”) to pay money to the Judgment Creditors;
2. the amount now owing under the Judgment and order is a minimum of KRW 73,120,042,357 plus USD 781,870.64 plus EUR 1,089,580.65 (including interest and costs); and
3. the Judgment Debtor has beneficial interest in the asset described in the schedule below

and the court orders that

1. The interest of the Judgment Debtor in the asset described in the schedule below stand charged with payment of a minimum of KRW 73,120,042,357 plus USD 781,870.64 plus EUR 1,089,580.65 together with any further interest becoming due and the costs of the application.
2. Unless the Judgment Debtor or any other person files and serves their objection to the continuation of the charge in writing, within 28 days of the date of service of the order, the application will be considered by a Judge no later than 49 days from the date of the order. The Judge will consider, without a hearing, whether the charge created by this order should be made final (with or without modification) or should be discharged.

3. The application will be heard at 12:00p.m. on 5th October 2020 at The Business and Property Court, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, United Kingdom when the Master will decide whether the charge created by this order should continue (with or without modification) or should be discharged.

   Final confirmation of the listing of this case can be found on the Justice website http://www.justice.gov.uk/guidance/courts-and-tribunals/courts/daily-court-hearings.htm at approximately 2 p.m. on the day prior to the hearing.

   The Judgment Debtor or any other person must file and serve any objection to the making of a final charging order in writing stating the grounds of the objection not less than 7 days before the hearing.

4. The Judgment Creditor must serve all relevant persons with the application notice,

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interim charging order and all documents filed in support in accordance with CPR 73.7.

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The Schedule

Securities charged are:

All of the issued shares in Dana Petroleum Limited (company number 03456891).