- 6-

T B (Cont'd)

Union Insurance Society of Canton Ltd

Guardian Assurance Ple

100%

Union Insurance Society of HK Ltd Unipath Lid

United Biscuits Asia Pacific

United Distillers SE Asia Ltd

Unza Cathay Lid

Urbis Travers Morgan Lid

Guardian Assurance Plc

100%

Unilever

100%

United Biscuits Holdings

100%

Guinness Pic

100%

BP Hong Kong

100%

Travers Morgan Group

100%

Victory Reinsurance Management (Asia)

Victory Reinsurance Co Ltd

100%

WH Smith Electrical Engineers HK Ltd Wallem & Co

Waterford Wedgwood HK

Staveley Industries

100%

TSB Group Plc

ик

100%

Waterford Wedgwood/Plc

100%

Waterford Wedgwood Asia Pacific

Waterford Wedgwood Plc

100%

Willis Faber FF Lid

Weatherwise Roofing & Walling China Ltd Weatherwise Holdings.

Wei Kai Co Ltd

Wiggins Teape (Hong Kong) Ltd

Wogen HK Lid

Wogen Technology Ltd

Woodhouse Drake & Carey (HK) Lid

100%

GEC Siemens

100%

Wiggins Teape Appleton Plc

100%

Willis Faber Ple

100%

Wogen Group Ltd

100%

Wogen Group Ltd

100%

Woodhouse Drake & Carey Holding Ltd

100%

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