TE-TO-TEET

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- 3.

LIST B (Cont'd)

Gibson Pic Relations

Glaxo Ch. Lid

Shandwick Plc

Glaxo Group Ltd

100% 100%

Glaxo HK Lid

Glaxo Group Ltd.

100%

Grattan (FE) Ltd

Gresham Unit Assurance Ltd

Guardian Royal Exchange Asia Ltd Guinness HK Ltd

HK Exhibition Services Ltd HK Hilton Hotel

HK Refrigerating Co Ltd Hambros Pacific Ltd Handley-Walker (HK) Ltd Harvard Int'l Ltd Harris & Sutherland (FE) Harry Stanger (FE) Ltd

Hawker Siddeley Engineering Hawker Siddeley Power Group Henry Boot FE Lid

Hill & Knowlton Asia Lid Hill Samuel

Hill Samuel Investment Services

Asia Ltd

Hoare Govett Asia Ltd

Hoare Govett HK Ltd

Holiday Inns Int'l Asia Pacific Ltd

Howden Fedco Ltd

Henry Boot & Sons Plc

WPP Group Plc TSB Group Plc

TSB Group Plc

Hoare Govell Ltd

Next Plc

100%

Gresham Unit Assurance Lid

100%

Guardian Assurance Plc

100%

Guinness Plc

100%

Andry Montgomery Ltd

100%

Ladbrokes Plc

100%

Union Int'L Plc

100%

Hambros Bank Ltd

100%

Handley Walker Group Plc

100%

Alba Plc

100%

Harris & Sutherland

100%

Harry Stanger Ltd (ultimate

100%

holding company DHS Holdings)

Hawker Siddeley Group

100%

Hawker Siddeley Group

100%

100%

100% ?

100%

100%

100% ?

Hoare Govett Ltd

100% ?

Bass Plc

100% ?

James Howden Group Ltd

100%

ICI China

ICI Plc

100%

ICS-Texicon Lid

ICS -Texicon Ltd (Newbury, UK)

100%

(formerly Instrumental Colour Systems Ltd

IMI (Cornelius) Pacific

IMI Plc

100%

Inchcape Hong Kong Ltd

Inchcape Plc

100%

Inchcape Inspection & Testing Services

(Pacific) Ltd

Inchcape Plc

100%

Inchcape Insurance (HK) Ltd

Inchcape Plc

100%

Inchcape Insurance Brokers (HK) Ltd

Inchcape Insurance Agencies (HK) Ltd

Inchcape Pacific

Industrial Sicel Lid

Initial Environmental Services International Computers HK Lid

JD Kingsfield (FE) Ltd JDH Company Ltd

John Swire & Sons (HK) Ltd Johnson Matthey (HK) Ltd

Kennedy & Donkin International Kier Hong Kong Ltd Kin Lock Enterprises Ltd Kleinwort Benson HK Lid Kowloon Shipyard Co Lid Kuehne & Nagel (HK) Ltd

Inchcape Plc

100%

Inchcape Plc

100%

Inchcape Plc

100%

British Steel Plc

100%

BET Plc

100%

ICL UK

100%

JD Kingsfield & Co Ltd

100%

Inchcape Plc

1.00%

John Swire & Sons Ltd

100%

Johnson Matthey Plc

100%

Kennedy & Donkin Group

100%

Beazer Plc

100%

Newey Group Ltd

100%

Kleinwort Bensou Plc

100%

Dashwood Finance Co Ltd

100%

Loharo Plc

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