major chemical and petrochemical companies of europe 1989/90

Major Chemical and Petrochem i cal

Companies of Europe 1989/90

• Managing Editor R M Whiteside

Editors J Forsyth A Wilson

Published by

Graham &1 Trotman LONDONIDORDRECHT/BOSTON

Sterling House, 66 Wilton Road , London SW1V mE

Third edition published in 1989 by Graham & Trotman Limited Sterling House, 66 Wilton Road, London SW1V 1DE

.Imll Graham & Trotman Ltd is a member of the Association of British Directory Publishers

ISBN-13: 978-94-010-7014-0 e-ISBN-13: 978-94-009-1157-4 DOl: 10.1007/978-94-009-1157-4

© 1989 Graham & Trotman Limited Softcoverreprint of the hardcover 1st edition 1989

British Library Cataloguing in Publication Data

Major chemical and petrochemical companies of Europe -1989/90 1. Chemical industry - Europe - Directories 2. Petroleum chemicals industry - Europe

Directories I. Title 338.4'766'0254 HD9656.A2

The book is protected by International Copyright Law. All rights strictly reserved . No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any way or by any means, electronic, mechanical photocopying, recording or otherwise, without the prior permission of the publishers.

CONTENTS Major Chemical and Petrochemical Companies of Europe 1989/90

AUSTRIA....................................................... 1

BELGiUM...................................................... 11

DENMARK..... .. ............ .......... ... ... ... ... ......... .. 27

EIRE................................ .. ............................ 35

FINLAND.......................... ......... ......... ........... 41

FRANCE...................................... ................ .. 53

GERMANy................................. ... ................ 75

GREECE.................... ...... .................. ............ 117

ITALY ............................................................ 123

LIECHTENSTEIN.......... ... .. .. ...... . ..... ......... .. ... 139

LUXEMBOURG...... ............ .......... .... ........ ...... 143

NETHERLANDS.................. .......................... 147

NORWAy.................................... ........ ......... .. 163

PORTUGAL................................................... 171

SPAIN ............................. .. ............................ 177

SWEDEN....................................................... 189

SWiTZERLAND............................................. 203

UNITED KINGDOM........ .................... .. .......... 219

INDEXES

Alphabetical index to companies..................... 269

Alphabetical index to companies

within each country...... ............ .......... ......... 274

Major Companies of AUSTRIA

3M OSTERREICH GESELLSCHAFT MBH Brunnerfeldstrasse 63, A-2380 Perchtoldsdorf Tel: (0222) 8666-0 Telefax: 8666242

Management Board: Marc Despiegelaere

PRINCIPAL ACTIVITIES: Supply of office equipment including data processing equipment; chemicals and adhesives

Parent Company: Minnesota Mining and Manufacturing GmbH Financial Information:

Sales turnover

No of Employees: 220

1986 S'OOO

600,000

1987 S'OOO

563,000

AGROLlNZ AGRARCHEMIKALIEN GES MBH St Peterstr 25, Postfach 21, A-4021 Linz Tel: (0732) 5914-0 Telex: 021324 Telefax: (0732) 58 3 32

Supervisory Board: Dr Richard Kirchweger (Vorsitzender, Generaldirektor, Kommerzialrat), Dipl Ing Dr Eugen Maierhofer (Vorsitzender-Stellvertreter, Direktor), Mag Rolf Grabner, Dr Wilhelm Lilge (Direktor). Works Council Members: Ing Wilhelm Paschinger, Hugo Pleckinger

Management Board: DVw Giinther Schwarz (Geschaftsfiihrer/Chief Executive Officer)

Senior Executives: Dipl Ing Dr Werner Czysch (Produktion Diingemittel), Dipl Ing Helmuth Eichhorn (Strategische Planung/Public Relation), Mag Klaus Mandl (Personal/Verwaltung), Dkfm Dr Manfred Novotny (Finan zen), Dipl Ing Dr Franz Raninger (Pflanzenschutzmittel), Dipl Ing Herbert Schaffer (Logistik), Edmund Wiesmayr (Controlling), Dipl Ing Friedrich Wimmer (Marketing Diingemittel)

PRINCIPAL ACTIVITIES: Fertilizers; plant protectives; ammonia; feedstuff additives; technical nitrogen products

Trade Names: Fertilizers: Nitramoncal, Urolinz, Vollkorn Linz, Griinsiedls, Vollhumon, Griinsiedls Torboflor, Griinsiedls Gartentorf, Griinsiedls Blumenerde, Griinsiedls Combifert. Feedstuff additives: Biuron, Fumaron. Plant protectives: Cuproxat, Dicopur, Duogran, Lentagran Prado, Pyron, Stabilan, Trilox, Trio, Tristar

Parent Company: Chemie Holding AG (100%) Subsidiary Companies: (100% owned unless stated): Chemserv

Industrie Service Ges mbH (50%); Gartenhilfe Ges mbH; Gilmore Inc (50%) (USA); Lintaplant AG (Switzerland); Leu + Gygax AG (25%) (Switzerland); Merx Handelsgesellschaft mbH

Principal Bankers: Osterr. Landerbank AG; CreditanstaltBankverein; Bank fUr Oberosterreich und Salzburg; Osterr. Postsparkasse; Osterr. Credit-Institut; Allgemeine Sparkasse/Linz; Bank fUr Arbeit und Wirtschaft; Zentralsparkasse und Kommerzialbank; Girozentrale; Genossenschaftliche Zentralbank; Erste Osterr. Sparkasse; Central-Wechsel-u. Creditbank AG; Raiffeisenzentralkasse/Linz

Financial Information:

Sales turnover Share capital

No of Employees: 1 ,400

31.12.87 S'OOO

4,950,000 250,000

ANDRITZ, MASCHINENFABRIK, AG Postfach 24, Statteggerstr 18, A-8045 Graz Tel: (0316) 6902-0 Cable: Andritzer Graz Telex: 03-1313; 03-1722 andz a Telefax: (0316) 6902-2503

Supervisory Board: Dr Dieter Schossleitner (Chairman), Dr. Guido N Schmidt-Chiari, Jakob Kagi

3

AUSTRIA Management Board: Dipl.-Ing. Ludwig Pfeiffer-Lissa, Dipl.-Ing.

Adolf Faissner, Dr. Wolfgang Leitner Senior Executives: Dipl.-Ing. Dr Franz Schmidt (General Sales

Manager), Dipl.-Ing. Dr. techno Erich Faschallegg (Ruthner Division), Dipl.-Ing. Gerhard Moritz (Hydraulic Machines), Dipl.-Ing Rudolf Peer (Rewatering Engineering), Dipl.-Ing Dr. techno Bernhard Rebernik (Paper Making Machinery)

PRINCIPAL ACTIVITIES: Industrial plants; environmental engineering; wood, pulp and paper technology; dewatering engineering; nuclear power station engineering; pumps; water turbines; forging and rolling mill engineering; steel structures; turnkey buildings; continuous and push-type pickling plants for steel strip; electrolytic degreasing, timing and galvanising plants for steel strip; plants for the production of trichlorethylene and for perchlorethylene; plants for the production of extremely pure metal oxides

Parent Company: AGIV, Aktiengesellschaft fiir Industrie und Verkehrswesen, Frankfurt/Main

Subsidiary/Associated Companies: Anstalt fiir Stromungsmaschinen Ges.m.b.H.; Andritz-Ruthner Engineering GmbH (Germany); Andritz-Ruthner-Espana SA (Spain); Andritzer Schleppbahn-Gesellschaft mbH; AndritzRuthner Inc (USA)

Principal Bankers: Creditanstalt-Bankverein, Graz Financial Information:

31.12.86 S'OOO

Sales tu rnover 2,722,302 Profit before tax 2,298 Profit after tax 2,298 Retained profit 1,622 Capital stock 310,000 Shareholders funds 340,000

31.12.87 S'OOO

2,673,085 12,217 12,217 13,839

500,000 567,000

Principal Shareholders: AGIV, Aktiengesellschaft fUr Industrie und Verkehrswesen, Frankfurt; Creditanstalt-Bankverein, Vienna; Sulzer-Escher Wyss, Ziirich

No of Employees: 1,518 Andritz AG; 1,661 Andritz Group

BAYER AUSTRIA GESMBH Am Heumarkt 10, Postfach 124, 1037 Wien Tel: (0222) 73 25 51-0 Cable: Bayer Austria Wien Telex: 131887 baywn a Telefax: 922310 Bayer Austria, LWZ; 51506-15 Bayer Austria,

PHZ; 732551-14 Bayer Austria, HM

Management Board: Komm. Rat Dr. Wolfgang Unger, Komm. Rat Dr. Gerhard Ticheloven

Senior Executives: Dr Joachim Kuligowski, Dr Hans Kaluza, Klaus Zeiter. Ing. Gustav Menschel, Klaus Uwe Schotten, Heinz Norbert von Prondzynski, Peter Baur, Peter Serda, Gustav Leimer, Robert Redl, Walter Loscher, Erwin Ruzicka, Dr Christoph Essler, Dkfm. Gerald Kopper, Dr Manfred Rendl, Mag. Georg Belihart, Mag. Bernd Hocke

PRINCIPAL ACTIVITIES' Chemical industry Principal Bankers: Creditanstalt-Bankverein; Osterreischische

Landerbank AG Financial Information:



1986 S'OOO

1,993,000 40,000

1987 S'OOO

2,079,000 40,000

BLEIBERGER BERGWERKS-UNION AG

BBU Radetzkystr 2, A-9010 Klagenfurt Tel: (04222) 55 5 25 Cable: Bleiberger Klagenfurt Telex: 42 2434 bbu a

Supervisory Board.' Dipl. Ing. Erich Staska (Chairman)

AUSTRIA Management Board: Dr Julius Stainer, Dipl. Ing. Dr Adolf

Salzmann Senior Executives: Dkfm Dr Johann Christian Stocklmair, Peter

Kock

PRINCIPAL ACTIVITIES: Production of lead, zinc, cadmium, germanium, zinc alloys, zinc granules, antimony sulphide, lead oxide, lead salt, lead and zinc sulphide, plastic additives for PVC

Trade Names: BBU, AUSTROSTAB, AUSTROX, OPTOX, AUSTROZINK

Parent Company: Osterreichische Industrieverwaltungs AG (OIAG), Wien

Subsidiary/Associated Companies: Metall-und Farben GesmbH; Gemeinnutzige Wohnungsges mbH "Bleiberg"; Zinkhutte NeuErlaa; Altmetalle GesmbH

Principal Bankers: Osterreichische Uinderbank AG Financial Information:

Sales turnover S'OOO

1,176,000

Principal Shareholders: Republic of Austria No of Employees: 1,593

CHEMIA GESMBH Am Heumarkt 10 Postfach 124, 1037 Wi en Tel: (0222) 73 25 51-0 Cable: Chemia Telex: 01-33438 cemia a

Management Board: Komm.Rat Dr. Wolfgang Unger, Komm.Rat Dr. Gerhard Ticheloven

Senior Executives: Komm.Rat Peter Czerny, Komm.Rat Robert Pelz, Klaus Zeiter, Robert Redl, Herwig Sandner, Walter Loscher, Erwin Ruzicka, Dkfm. Gerald Kopper, Dr. Manfred Rendl, Gerhard Kavka, Mag. Georg Belihart

PRINCIPAL ACTIVITIES: Wholesale of a wide range of chemical products including fertilisers, raw materials, laquers



1986 S'OOO

1,009,000 100,000

No of Employees: 117 Company; 1,200 Group

CHEMIE HOLDING AG st. Peter-Strasse 25, Postfach 296, A 4021 Linz Tel: (0732) 5911-0 Telex: 02 1324 Telefax: (0732) 52 080

1987 S'OOO

883,000 100,000

Supervisory Board: Dkfm. Dr. Oskar Grunwald (Vorsitzender Vorstandsdirektor), Dr. Norbert Beinkofer (Kommerzialrat, Konsul), Prof. Gustav Hofinger (KammeramtsdirektorStellvertreter), Dipl.-Ing. Dr. Herbert Kaes (Geraldirektor), Dr. Dionys Lehner (Generaldirektor), Gerhard Linner (lentralsekretar), Dipl.-Ing. Dr. Eugen Maierhofer (Direktor), Dkfm. Kurt Nosslinger (Gouverneur, Kommerzialrat). Works Council Members: Eduard Gargitter (Bundesrat), Manfred Gundolf, Ing. Wilhelm Pasch inger, Helmut luschrader

Management Board: Dr. Richard Kirchweger (Generaldirektor, Vorsitzender, Kommerzialrat), Dkfm. Peter Apfalter (Vorstandsdirektor), DVw. Gunther Schwarz (Vorstandsdirektor)

Senior Executives: Dr. Dietfrid Geissler (Recht und Patent), Mag. Dr. Heinz Lummerstorfer (Konzernrevision/Organisation), Dipl. Ing. Dr. Helmut Marecek (Umweltschutz), Mag. Franz Wurm (Konzernfinanzen u. ContrOlling), Reinhard Goeweil (Public Relations)

PRINCIPAL ACTIVITIES: Holding company with interests in agricultural chemicals (fertilisers, plant protectives, ammonia, fodder products), organic and inorganic products, materials for plastics and adhesives, plastics, fibres and non-wovens, semi-finished products and composites, pharmaceuticals

4

Parent Company: Osterreichische Industrieholding ,AG (100%)

Subsidiary Companies: (100% owned unless stated):- Agrolinz Agrarchemikalien Ges mbH; Chemie Linz Ges mbH; CL Pharma AG (55%); Biotechnologische Forschungs-GesmbH (26%)

Principal Bankers: Osterr. Landerbank AG; CreditanstaltBankverein; Bank fUr Oberosterreich und Salzburg; Osterr. Postsparkasse; Osterr. Nationalbank; Osterr. Credit-Institut; Allgemeine Sparkasse/Linz; Bank fur Arbeit und Wirtschaft; Zentralsparkasse und Kommerzialbank; Girozentrale und Bank der Osterr. Sparkassen; Raiffeisenzentralkasse/Linz


Sales turnover

(Loss) after tax

Share capital

'consolidated sales

31.12.86

S'OOO 13,072,000

(667,000)

955,000

31.12.87

S'OOO 10,944,000'

955,000

Principal Shareholders: Osterreichische Industrieholding-AG (OIAG) (100%)

No of Employees: 60

CHEMIE LlNZ GES MBH St. Peterstr. 25, Postfach 296, A-4021 Linz Tel: (0732) 5916-0

Telex: 021324

Telefax: (0732) 57 2 59

Supervisory Board: Dr Richard Kirchweger (Vorsitzender, Generaldirektor, Kommerzialrat), Dr Dyonis Lehner (Vorsitzender-Stellvertreter, Generaldirektor), Mag Rolf Grabner, Prof Dr Otto Vogl. Works Council Members: Johann Freudenthaler, Manfred Gundolf

Management Board: Dkfm Peter Apfalter (Geschii.ftsfUhrer/Chief Executive Officer)

Senior Executives: Carl Mathew Peabody (Vice President), Ing Dkfm Heinz H Bihlo (Controlling), Walther Hiebl (Strategische Planung), Dr Martin Klepp (Qualitii.tssicherung), Dipl Ing Andreas Kunsch (Produktion Chemikalien), Dkfm Dr Alfred Neubauer (Logistik), Mag Roland Staudinger (Personal), Dipl Ing Dr Gerhard Stern (Forschung und Entwicklung)

PRINCIPAL ACTIVITIES: Industrial chemicals (technical nitrogen products e.g. urea, melamine phthaliC anhydride, maleic anhydride, plasticizers, acrylonitrile); Intermediates (for the pharmaceutical, cosmetics and hygiene industry, flavours and fragrances, paints and lacquers, etc.); Specialities (e.g. fireprotection products, products for the construction and paper industry, superabsorbers); Base materials for printed circuit boards

Trade Names: Plasticizers: Mollane; Fire-protection products -Intumex; Products for the construction industry - Isomat, Liquiment

Parent Company: Chemie Holding AG (100%)

Subsidiary Companies: (100% owned unless stated); Chemserv Industrie Service Ges mbH (50%); Isomat Dii.mmstoffe Ges mbH; Meta-Chemie Ges mbH (50%); Multicon Electronic Ges mbH

Principal Bankers: Osterr. Landerbank AG; Creditanstalt Bankverein; Bank fur Oberosterreich und Salzburg; Osterr. Posts parka sse; Osterr. Credit-Institut; Allgemeine Sparkasse/Linz; Bank fUr Arbeit und Wirtschaft; Zentralsparkasse und Kommerzialbank; Girozentrale; Genossenschaftliche Zentralbank; Erste Osterr. Sparkasse; Raiffeisenzentralkasse/Linz


Sales turnover

Share capital


31.12.87 S'OOO

3,244,000

250,000

CHEMOL HANDELSGESELLSCHAFT MBH Wohllebengasse 6, A-1040 Wien Tel: (0222) 65 97 01-0 Telex: 134699 chewa

Management Board: Peter Kulhanek (Sales and Financial Director), Robert Sereny

Senior Executives: Herbert Melzer, Dr Gizella Gyurkovits

PRINCIPAL ACTIVITIES: Trade in industrial chemicals; plastics and plastic products including PVC and plastik film


Sales turnover

No of Employees: 12

CHEMOSAN UNION AG Kolblgasse 10, A-1030 Wien Tel: (0222) 78 46 21 Telex: 131710 chu w a

1986 S'OOO

800,000

1987 S'OOO

720,000

Management Board: Gunter Scherling, DKfm Friedrich Pfleger Senior Executives: Viktoria Muck, Gerhard Klug, Johann

FruhstUck

PRINCIPAL ACTIVITIES: Trade in pharmaceuticals, drugs and chemicals

Parent Company: Herba Apothekar AG Principal Bankers: Creditanstalt-Bankverein; Osterreichische

Apothekebank Financial Information:

Sales turnover


CIBA-GEIGY GESMBH Breitenfurterstr 251, A-1231 Wien-Atzgersdorf Tel: (0222) 84 26 11 Telex: 131923 Telefax: (0222) 84 01 71

S'OOO 2,100,000

Supervisory Board: Walter Wenger (Vorsitzender), Dr Viktor Cerha (Stellv. Vorsitzender), Hans Ruedi Durr, Dkfm Gerhard Wagner, Ferdinand Eichberger, Franz Kumposcht

Management Board: Dkfm. Bruno Hubacek (Vorsitzender, Generaldirektor Funktionsleitung Finanz und Administration), Dr Johann Gsur (Direktor Divisionsleitung Pharma), Dr ErnstKurt Mayer (Direktor Divisionsleitung Agro), Ing. Friedrich Walter (Direktor Divisionsteilung Kunststoffe und Additive), Hans Heinrich Hoffmann (Direktor Divisionsleitung Farbstoffe und Chemikalien), Manfred Schmolzer (Direktor Divisionsleitung lIford Photo)

PRINCIPAL ACTIVITIES: Production and trade in chemical products including dyes and pigments, textile chemicals, pharmaceuticals for human and veterinary uses, plastics, agrochemicals and photographic chemicals

Trade Names: IIford Parent Company: Ciba-Geigy AG, Basle, Switzerland Principal Bankers: Osterreichische Uinderbank; Creditanstalt-

Bankverein Financial Information:



DONAU-CHEMIE AG Am Heumarkt 10, A-1030 Wien Tel: (0222) 73 25 81 Telex: 131507

1986 S'OOO

1,211,000 135,000

1987 S'OOO

1,250,000 135,000

Management Board: Conrad Eckenschwiller (Chairman), Dr Adel Kabil, Joseph Frick, Alain de Krassny

5

AUSTRIA PRINCIPAL ACTIVITIES: Manufacture of chemicals including

sulphuric acid, caustic soda, calcium-carbide and chlorine; fertilisers

Trade Names: Donau-Tri, Donau-Per, Bor-DC 45, DC 45, DC 44, Dolen, Doppel-Super, Maculex, Donol, Triplephosphat, Westrosan, Werstrol, Percombin, Carbinyl, Sulflex, Donaklin, Phyllodien, Beagid

Subsidiary Companies: Donau Reno Hyperphosphat GesmbH; Chemo-Droga Chemikalien -und Drogenhandelsges mbH



1986 S'OOO

1,599,000 100,000

1987 S'OOO

1,474,000 120,000

Principal Shareholders: Rh6ne-Poulenc SA (63%); Creditanstalt Bankverein (36%)


GLANZSTOFF AUSTRIA GESELLSCHAFT MBH Herzogenburgerstrasse 69, A-3100 St Polten Tel: (02742) 67561 Telex: 15467 glav a

Management Board: Dkfm Hans Joachim Grundmann (Purchasing and Financial Director), Ing Ernst Jagersberger

Senior Executives: Erich Strasser, Ing Clausius Czibulka

PRINCIPAL ACTIVITIES: Manufacture of man-made fibres and chemical and plastic products

Parent Company: Ges. f. Bundesbet. an Industrieunternehmen Ges mbH

Financial Information'

Sales turnover


GREINER GRUPPE AG

1986 S'OOO

805,000

Greinerstrasse 70, A-4550 Kremsmunster Tel: (07583) 72 51-0 Telex: 23370 gre a Telefax: (07583) 72 51 282

Management Board: DKfm Dr Peter Greiner

PRINCIPAL ACTIVITIES: Production of chemicals

1987 S'OOO

764,000

Trade Names: Duren, Purtee, Audiotec, Modul, Overlec, Interlee Principal Bankers: Sparkasse Kremsmunster; Bank fur

Osterreich und Salzburg Financial Information:

Sales turnover


1987 S'OOO

1,194,000

1988 S'OOO

1,200,000

HENKEL AUSTRIA GESELLSCHAFT MBH Erdbergstr 29, A-1030 Wien Tel: (0222) 73 55 51 Cable: Henkel Austria Wien Telex: 133101 henk a

Management Board: Kom. Rat. Franz Kafka Senior Executives: Walter Maresch

PRINCIPAL ACTIVITIES: Manufacture of a wide range of washing and cleaning products, cosmetics, organiC chemicals, adhesives, candles and wax products

Trade Names: Persil, Dixan, Fewa, Pril, Silan, Ata, Fa, Polycolor, Thera-med, Pattex, Metylan, Kaiser Borax etc

Parent Company: Detergenta Investment AG, Liechtenstein Subsidiary Companies: Persil Vertriebsgesellschaft mbH;

Desyntha Vertrieb chemischer Produkte Gesellschaft mbH; Wachswarenhandel Gesellschaft mbH; Henkel Cosmetic

AUSTRIA Gesellschaft mbH; Henkel Chemie Gesellschaft mbH; Zuckriegl Wassertechnik Gesellschaft mbH

Principal Bankers: Creditanstalt-Bankverein; Antoni Hacker & Co; Osterr Liinderbank; Breisach Pinschof Schoeller Bank KG; Schoeller & Co


Sales turnover


HERBA APOTHEKER-AG Michelbeuerngasse 9a, A-1090 Wien Tel: (0222) 48 03 0

Cable: Herbaband

Telex: 114677 herb a

Telefax: (0222) 48 03 505

1986 S'OOO

1,739,000

1987 S'OOO

1,816,000

Management Board: Dr F Zeidler, Dkfm F Pfleger, G Scherling, Dr H Binder, Dkfm 0 Dobnig, R Fellner, Dr G Mayer, Dkfm J Kalteis, P Zivota, Mag H Steinbrugger

PRINCIPAL ACTIVITIES: Wholesale and retail trade in pharmaceuticals; production of pharmaceuticals, pharmaceutical raw material, chemicals; EDP software producer

Subsidiary Companies: "Aewige" iirztliche Wirtschaftsges mbH; Apoka Pharma-Produktions- und Handelsges mbH; Chemosan-Union Aktiengesellschaft; Drogenhansa Drogerieund Reformwaren Ges mbH; Medata DatenverarbeitungsGesellschaft mbH; Medical Pharmaka-Gesellschaft mbH; Paul Hauser & Co KG, Alpenliindische Drogengrosshandelsges; Pharmazent Industriebeteiligungs-und Datenverarbeitungs-AG; Salus pharm Priiparate und med Geriite Ges mbH; Schoeller Pharma chem.-pharm Produkte Vertriebsges mbH; Vichy Apotheken-Kosmetika Ges mbH

Principal Bankers: Creditanstalt-Bankverein, Wien; Osterr Liinderbank AG, Wien; Zentralsparkasse und Kommerzialbank, Wien


Group sales turnover

PrinCipal Shareholders: Pharmacists

1986

S'OOO 4,228,355

No of Employees: 1,294 Group; 613 Company

1987

S'OOO 4,406,000

HOECHST U HERBERTS-AUSTRIA GRUPPE Altmannsdorfer Str 104, A-1121 Wien

Tel: (0222) 8505-Durchwahl

Cable: hoechstaus wien

Telex: 133701-703 haz a

Management Board: Lothar C Arends (Chairman), Dr Franz Leitinger, Dr Rainer Lorenz, Karlheinz Petschnikar, Dr Reinhold Vogi

PRINCIPAL ACTIVITIES: Industry Sector: inorganic chemicals; organic chemicals; dyes; surface-active agents and aids; fibres and fibre materials; plastics; plastic materials and waxes; foils; plant building. Pharma Sector: drugs; agriculture. Production: plastics-latex; surface-active agents and aids; biological products; pharmaceutical products

Trade Names: Hoechst, Trevira, kalle, Mowlith, Frigen, Ozasol Parent Company: Hoechst AG, Frankfurt/Main Germany Subsidiary Companies: (100% owned unless stated): Vianova

Kunstharz AG; Stollack AG; Albert-Roussel Pharma Ges.m.b.H. (74.9%); Austria Faserwerke GesmbH (51%); Asid Serum-Institut GesmbH; Behring Institut GesmbH; KremsKnapsack Phosphorprodukte GesmbH (50%); Dicopa Osterr. Lichtpauspapier GesmbH

Principal Bankers: Osterr Liinderbak AG

6


Group sales turnover Company sales turnover* Share capital *Hoechst Austria AG

31.12.86 S'OOO

6,490,000 2,997,000

359,000

No of Employees: 550 Company; 2,090 Group

HULS-AUSTRIA GESELLSCHAFT MBH Gonzagagasse 4, A-1 01 0 Wien Tel: (0222) 66 35 61 Telex: 116370 hue Is a

31.12.87 S'OOO

6,533,000 3,089,000

359,000

Management Board: Dr Edmund Huber (Managing Director) Senior Executives: Ernst Reiter (Finance), Reinhard Dollinger

(Purchasing and Sales)

PRINCIPAL ACTIVITIES: Import and sale of chemicals including detergents and chemical raw materials

Parent Company: Huls AG (VEBA-Gruppe), Germany Financial Information:

Sales turnover

No of Employees: 21

ICI OSTERREICH GES MBH Schwarzenbergplatz 7, A-1030 Wien Tel: (0222) 72 66 16 Telex: 131446 ici a

Management Board: Karl Pfau

1986 S'OOO

919,000

1987 S'OOO

823,000

Senior Executives: Ing Walter Urban, Ing Gideon Hasenlechner, Gerhard Pokorny

PRINCIPAL ACTIVITIES: Supply of a wide range of general and specialty chemicals; plastics; synthetic fibres; pharmaceuticals

Parent Company: Imperial Chemical Industries pic, UK Principal Bankers: Creditanstalt-Bankverein Financial Information:

Sales turnover

No of Employees: 60

JUNGBUNZLAUER AG Schwarzenbergplatz 16, 1010 Wien Tel: (0222) 657636-0 Telex: 133396 jubu a Telefax: 65 76 36 8

S'OOO 750,000

Supervisory Board: Karl Kahane (Chairman), Dr. Rudolf Gruber (Vice-Chairman), Dr. Josef Vlcek, Dr. Michael Higatsberger, Dip!. Ing. Bernhard K Klein

Management Board: Dip!. Ing. August Ernst Kirkovits, Dr Rainier Bichlbauer

PRINCIPAL ACTIVITIES: Manufacture of specialty chemicals Parent Company: Montana Aktiengesellschaft fUr Bergbau,

Industrie und Handel Subsidiary Companies: Jungbunzlauer Xanthan Ges.m.b.H;

Biomonta Beteiligungsges.m.b.H; Jungbunzlauer AG & Co KG-Region ale Abwasserreinigung; Citrate SA; Luftfahrzeug Service (Aircraft Service) Ges.m.b.H. & Co KG; Biochemie Ladenburg GmbH (Germany)

Principal Bankers: Girozentrale (Vienna); First Austrian Bank (Vienna)


Sales turnover Dividend Share capital

31.12.86 S'OOO

836,000 76,000

152,000

31.12.87 8'000

815,000 42,750

171,000

Principal Shareholders: Montana Aktiengesellschaft fUr Bergbau, Industrie und Handel


KREMS-CHEMIE GESMBH Hafenstrasse 77, A-3500 Krems/Donau Tel: (02732) 5551-0 Telex: 071121

Management Board: Dr Hans Georg Lotter, Paul Kula Senior Executives: Josef S Karner, Horst Holzapfel, Richard

Sauer

PRINCIPAL ACTIVITIES: Manufacture of artificial resin glues Trade Names: Resistan, W-Leim, Sacopal, Sacacid, Sacolyd,

Sacotan, Sacoflor, Sanstystem, Plantan Subsidiary Companies: Krems Knapsack Phosphorprodukte

GesmbH Financial Information:

Sales turnover

1986 S'OOO

1,228,000

1987 S'OOO

1,192,000

Principal Shareholders: Bayer Foreign Investment Ltd, Canada No of Employees: 539

KWIZDA-GRUPPE GES MBH Kwizda-Haus, Dr Karl Luger-Ring 6-8, A-1010 Wien Tel: (0222) 63 468 Telex: 114134 kwizd a

Management Board: Dkfm Dr Johans F Kwizda, Mag pharm Richard P Kwizda

Senior Executives: KR Theresia Kwizda, Dkfm Dr Josef Wiesauer, Dkfm Josef Pollak, Dr Karl Hilmbauer

PRINCIPAL ACTIVITIES: Holding company with interests in the manufacture of chemicals, pharmaceuticals, drugs and cosmetics


Sales turnover


lENZING AG A-4860 Lenzing Tel: (07672) 2511 Cable: Lenzingfaser Lenzing Telex: 26606 lenfa a Telefax: (07672) 251175

S'OOO 1,030,000

Supervisory Board: Dkfm Gerhard Wagner (Chairman), Dr Friedrich Sequens (Deputy Chairman), Dkfm Dr Hannes Androsch, Dkfm Dr Hermann Bell, Dr Herbert Cordt, Mag Max Kothbauer, Dkfm Konrad Rumpold

Management Board: Dr Hans Winter (Chairman), Reimar Schlie, Dr Josef Zauner, Ing Friedrich Hauzenberger (Deputy Chairman), Alfred Wimmer, Dr Dipl Ing Heinrich Stepniczka

PRINCIPAL ACTIVITIES: Production of man made fibres , chemicals, plastics machinery, sawn timber, pulp, paper, synthetic film products, know-how activities, machine and instrument construction

Trade Names: Lenzing Viscose, Lenzing Modal, Lenzing Viscosorb, Lenzing Viscose FR

Subsidiary/Associated Companies: (100% owned unless stated): Austria Faserwerke GesmbH (49%); Gemeinnutzige SiedlungsgesmbH fUr den Bezirk Vocklabruck (98.1 %); Frankenburger Maschinen- u Apparatebau GmbH; Syncell GmbH; Lenzing France SA (France); Lenzing USA Corporation (USA); PT South Pacific Viscose (42.5%) (Indonesia); Wassersportzentrum Schloss Kammer Gesellschaft mbH; Filatura di Delebio (50%) (Italy); Sintimid GesmbH (50%)

Principal Bankers: Osterreichische Uinderbank AG; Creditanstalt Bankverein

7

AUSTRIA Financial Information.'

Sales turnover

No of Employees: 3,894

31.12.86 S'OOO

4,737,000

MASCHINENFABRIK ANDRITZ AG See ANDRITZ , MASCHINENFABRIK, AG

31.12.87 s'OOO

4,694,000

MERX HANDElSGESEllSCHAFT MBH Fabrikstrasse 32-34, 4020 Linz Tel: (0732) 27 64 31 Telex: 22436 merxl a Telefax: 28 2457

Management Board: R Christoph Endres, W Dirnberger, C Mendes

PRINCIPAL ACTIVITIES: Trade in a wide range of chemicals and fertilisers; raw materials for textile and leather industry; techn. articles

Parent Company: AGROLlNZ Ges mbH Financial Information:

Sales turnover Profit before tax

Principal Shareholders: AGROLlNZ Ges mbH No of Employees: 32

OMV AKTIENGESEllSCHAFT Otto Wagner-Platz 5, Postfach 15, A-1090 Wien Tel: (0222) 48 900-0 Cable: Erdoel Wien Telex: 11-4801 Telefax: (0222) 48 900/91

S'OOO 460,000

2,200

Supervisory Board: Dkfm. Dr. Oskar Grunwald (Vorsitzender), Dr. Rudolf Gruber (Vorsitzender-Stellvertreter), Ing. Ferdinand Aichinger, Dr. Rudolf Machacek, Dkfm. Hans Rutkowski, Dr. Guido Schmidt-Chiari, Dipl. Ing. Rudolf Strasser, Magister Herbert Tumpel, Dr. Karl Vak, DDR. Elmar Walter, Peter Braun, Herbert Seidenberger, Walter Bothe, Herbert Schwarzmann, Hermann Seiter

Executive Board: Dipl.-Ing. Dr. Herbert Kaes (Vorsitzender), Dkfm. Kurt Meszaros, Dipl.-Ing. Kurt K Bushati, Dkfm. Dr. Maria Schaumayer, Dipl.-Ing. Dr Richard Schenz

Senior Management: Ing. Kurt Beyer (Unternehmenseinkauf), Mag Burkhard Guth (Rechtsabteilung), Friedrich Hochreiter (Verkauf), Dr. Hans Janda (Verarbeitung), Dr. Felix Johann (Rechnungswesen), Dkfm. Franz Kalwach (Rohstoffbeschaffung und Export), Dr. Rudolf Klenk (Organisation und Informationsverarbeitung), Mag. Viktor Klima (Zentrale Personalabteilung), Dkfm Rudolf Redl (Finanzen), Dozent Ing. Dkfm. Dr. Johann Risak (Planung und Kontrolle), Bergrat h.c. Dipl. Ing Rudolf Safoschnik (Erdgasverbund), Bergrat h.c. Dr. h.c. Dipl. Ing. Hermann Sporker (Exploration und Auslandstatigkeiten), Dipl. Ing Johann Sterba (Erdolgewinnung), Dipl. Ing. Dr. Walter Tauscher (Forschung Entwicklung, Anwendung, Produkte)

PRINCIPAL ACTIVITIES: Exploration, production, import and transport of crude oil and semifinished products and natural gas, processing of crude oil and semifinished products into petroleum products and petrochemical feedstocks, distribution of crude oil, petroleum products, petrochemical feedstocks and natural gas

Trade Names: OeMV Parent Company: Osterreichische Industrieholding

Aktiengesellschaft, Wien (85%) Subsidiary/Associated Companies: (100% owned unless stated):

OMV HANDELS-AKTIENGESELLSCHAFT (96.07%); TOTALAUSTRIA GesmbH (70%); OMV MineralolVertriebsgesellschaft mbH; Adria-Wien-Pipeline GesmbH (55%); MEGAL GmbH Mittel-EuropaischeGasleitungsgesellschaft (5%) (Germany); Trans-Austria-

AUSTRIA Gasleitung GesmbH (51 %); Baumgarten-Oberkappel Gasleitungsgesellschaft mbH (51%); OMV (Danemark) ErdiilAufsuchungsgesellschaft mbH; OMV SUEZ ErdiilAufsuchungsgesellschaft mbH; Petrochemie Danubia GesmbH (66.67%); POLYMER Erzeugungs-und Vertriebsgesellschaft mbH; Erdiil-Lagergesellschaft mbH (51%); IZIMV-Norge A/S (Norway); OeMV Oil and Gas Ltd (Canada); OMV International Marketing Ltd (UK); Osterreichisches Forschungszentrum Seibersdorf Gesellschaft mbH (0.92%); IVA Engineers and Contractors LL. (9%) (Iran); MEGAL Finance Company Ltd (5%) (Cayman Islands BWI); Trans Austria Gasline Finance Company Ltd (8.5%) (Bermuda); VENTURE Finanzierungsgesellschaft mbH (5.78%); OMV of Libya Ltd (Douglas, Isle of Man); Leopold Stroh, Tankstellen GesmbH; Stroh & Co GesmbH; Transalpine Olleitung in Osterreich GesmbH (7%); Deutsche Marathon Petroleum GmbH (Germany); Societil Italiana per l'Oleodotto Transalpino SpA (7%) (Italy)

Principal Bankers: Osterreischische Landerbank AG; Creditanstalt-Bankverein


Group sales turnover Profit after tax Retained profit Dividends Dividends per share Share capital Shareholders funds < Share capital on October

8th was divided into 2,000,000 shares S1000 each. 300,000 shares were sold to private shareholders in November 1987

31.12.86 S'OOO

39,943,600 299,868

400 300,000 1,500S

2,000,000 11,140,000

31.12.87

S'OOO 34,724,300

319,871 220

320,000 160S'

2,000,000 10,948,000

Principal Shareholders: Osterreichische IndustrieholdingAktiengesellschaft (85%) which itself is wholly owned by the Austrian Republic; Private shareholders (15%)


ORWZ

Osterreichische Raiffeisen-Warenzentrale reg. Gen.m.b.H. Neuer Markt 2, Postfach 104, A-1 015 Wien Tel: (0222) 51 591-0 Cable: RWZ A Telex: 0111993

Supervisory Board: Obmann LKR Ok. Rat Alois Obenaus Management Board: Generaldirektor Dipl.-Ing. Heinrich

Lunacek, Direktor Mag. Dr. Gunter Bohm, Direktor Dipl.-Ing. Dr. Paul Baumgartner, Prok. Dipl.-Ing. Josef Dietrich, Direktor Ing. Karl Krischka, Prok. Peter Kopecky, Dir. Herta Neuhauser, Prok. Ing. Robert Hofer, Prok. Hans Peter Schnitt, Prok. Rudolf Auspitz

PRINCIPAL ACTIVITIES: Wholesale and retail trade in seeds, grain, fertiliser, animal feedstuffs and agricultural machinery, house and garden materials, building materials, mineral oil products

Subsidiary Companies: FERTIMPORT; ARCOL Import-Export GmbH

Principal Bankers: Genossenschaftliche Zentralbank Ag Financial Information:

Sales turnover Retained profit


31.12.86 S'OOO

5,928,000 5,102

31.12.87 S'OOO

6,714,552 4,625

8

OSTERREICHISCHE CHEMISCHE WERKE GESMBH Mariahilfer Gurtel 39, A-1150 Wien

Tel: (0222) 83 26 48

Telex: 13 3127

Managing Directors: Dr Klaus Petritsch, Rudolf Loss

Senior Executives: Heinrich Bukert, Otto Spitzenberger

PRINCIPAL ACTIVITIES: Manufacture of hydrogen peroxide and its derivatives

Trade Names: Paraglas, Oxistabil

Parent Company: Leukon AG, Switzerland

Subsidiary/Associated Companies: OGUSSA GesmbH; Chemische Fabrik Wilhelm Neuber KG; Chemikalien, Farben, Orogen; Pfeiffer & Co Pigment-u Chemikalienvertriebsges mbH; Werk Wolfsberg Pharmazeutika; Panchemie Homburg GesmbH; Meta-Chemie GesmbH; Chemische Fabrik Wilhelm Neuber KG; Friedl & Co GesmbH


Sales turnover


S'OOO

465,000

OSTERREICHISCHE INDUSTRIEHOLDING AG

OIAG Kantgasse 1, Pf 99, 1015 Wien

Tel: (0222) 711 14-0

Cable: OEIAG A

Telex: 132047

Telefax: 711 14/245

Supervisory Board: Dipl.-Vw. Dr. Josef Staribacher (Vorsitzender), Ehrensenator Horst Munzner (stellvertretender Vorsitzender), Mag. Dr. Winfried Braumann, Friedrich Grubbauer, Komm.-Rat Dkfm. Karl Hollweger, Dr. Peter Kapral, Dr. Heinz Kessler, Erhard Koppler, Baurat h.c. Dipl.Ing. Dr. techno Rudolf Machenschalk, Dipl.-Ing. Horst Piichhacker, O. Univ.-Prof. Dr. Arnold Schmidt, Dkfm. Dr. Werner Tessmar-Pfohl, Mag. Heinz Vogler, Sektionschef Mag. Dr. Erich Wittmann

Management Board: Dr. H M Sekyra (Chairman), Dr. 0 Grunwald

Senior Executives: Dr. P F Roettig, Mag. H Moser, Dkfm. Dr. H Kapl, Dkfm. Dr. H Hoskovec, Prof. 01. Dr. G Turnheim, Dipl. B W J Seydewitz, Mag. E M Geiblinger

PRINCIPAL ACTIVITIES: Holding company with a wide range of interests in major Austrian industries including steel making, lead mining and smelting, copper and aluminium; railway rolling stock; oil and gas exploration and production; chemicals; electrical capital goods, electrical and electronic equipment; machinery; coalmines

Subsidiary/Associated Companies: (100% owned unless stated): Austria Metall AG; Chemie Holding AG; Elektro- und Elektronik-Industrieholding AG; Maschinen- und Anlagenbau Holding AG; OIAG-Bergbauholding AG; VOEST-ALPINE Stahlholding AG; VOEST-Alpine AG; OMV AG (85%); Zellstoff Piils AG (80.82%); S.E.A. Studiengesellschaft fOr Energiespeicher und Antriebssysteme Ges.m.b.H. (50%); ICD Gesellschaft f.lndustrieansiedlung und industrielle Kooperation Ges.m.b.H. (49%); RENAUL T-Industrie Osterreich Ges.m.b.H. (27.6%); Siemens Aktiengesellschaft Osterreich (26%); Entwicklungsgesellschaft f.Mikroelektronik Ges.m.b.H. (25.1%); NORMA Messtechnik, Optik, Elektronik Ges.m.b.H (25%); OSKA-Beteiligungsverwaltungs Ges.m.b.H. (25%); Entwicklungsgesellschaft Hausruck Ges.m.b.H. (10%); Osterreichisches Forschungszentrum Seibersdorf Ges.m.b.H. (1.39%)

Principal Bankers: All major banks in Austria


Sales turnover

1986

S'OOO 167,300,000

1987

S'OOO 152,100,000

Principal Shareholders: The Austrian Government (100%)


OSTERREICHISCHE SALINEN AG Wirerstrasse 10, A-4820 Bad Ischl Tel: (06132) 42 31

Telex: 68126 saline a

Management Board: Dr Gerhard Knezicek, Dipl Ing Dr Kurt Thomanek

PRINCIPAL ACTIVITIES: Mining and processing of salt


Sales turnover

Principal Shareholders: Austrian State No of Employees: 535

1986

S'OOO

877,000

SOLVAY OSTERREICH GES MBH Parkring 12, A-1015 Wien

Tel: (0222) 51588-0

Cable: Solvayweke Wien

Telex: 111328

Management Board: Dipl Ing Serge Forthomme

1987

S'OOO 880,000

Senior Executives: Dipl Ing Vw Georg Mayerhoffer, Dr Edmund Prandstetter, Dipl Ing Harald Heinlein

PRINCIPAL ACTIVITIES: Manufacture of chemicals, plastics and pharmaceuticals

Trade Names: Socal, Aquasol-Schwimmfrisch

Parent Company: Solvay & Cie SA, Brussels, Belgium

Subsidiary Companies: Halvic Kunststoffwerke Ges mbh; Commend a Warenhandelsges mbH; Commenda Baustoffges mbH: Alkor-Kunststoffverkaufsges mbH: DECO Tapeten Handelsges mbH & Co: Kali-Chemie Pharma Ges mbH




STOlLLACK AQ

1986

S'OOO

1,880,000

Mbdlingerstrasse 15, 2353 Guntramsdorf

Tel: (02236) 53 4 83-0 Telex: 79135 stoll a

Telefax: (02236) 53 0 41

Supervisory Board: Dr Franz Rankl

Management Board: Dipl. lng, Gunther Margetich

1987

S'OOO

2,135,000

Senior Executives: Dr Georg Dinstl (Vertriebsdirektor), Dr Heinz Leibetseder (Technischer (Direktor)

PRINCIPAL ACTIVITIES: Manufacture of chemicals, paints and enamels

Parent Company: Herberts Austria Lacke GesmbH

Principal Bankers: Creditanstalt-Bankverein: Ostereichische Uinderbank




1986 S'OOO

885,000 14,000

1987 S'OOO

918,000 14,000

9

AUSTRIA TREIBACHER CHEMISCHE WERKE AG A-9330 Treibach-Althofen Tel: (04262) 25750 Cable: Treibacher Treibach Telex: 422427 TCWTR Telefax: (04262) 2005

Supervisory Board: Dr Gerold Piringer (VorsitzenderStellvertreter), *Franz Bujtas, Dr Friedrich Gehart, Dkfm Herbert Sellner, Dkfm Dr Rudolf Schneider (VorsitzenderStellvertreter), Maximilian Meran (Vorsitzender-Stellvertreter), *Karl Brandstetter, Dr Herbert Cordt, Mag Dr Josef Cudlin, *Alfred Daniel, Pierre G Drogoul, *Johann Forobosko, Herbert Kaiser, Dieter Kern, Dr Erich Pimmer, *Konrad Planegger, *Herbert Taschwer, *vom Betriebsrat delegiert

Management Board: Dr Walter Lukesch (Sprecher), Dr Heinz Maier

Senior Executives: H Gabron

PRINCIPAL ACTIVITIES: Ferro alloys, abrasives, refractory carbides, peroxides, rare earth metals, rare earths and rare earth compounds, flints, SmCo-magnets

Trade Names: Original Auermetall, Alodur, Durmax, Granalloys Parent Company: Creditanstalt Subsidiary/Associated Companies: Grondmet Handelsges mbH

(Germany): Treibacher (UK) Ltd (UK): Treibacher (USA) Corp (USA); Treibacher North East Asia Office (Japan)

Principal Bankers: Osterr Credit-Institut; Bank fUr Kernten; Creditanstalt


Sales turnover Profit before tax Profit after tax Dividends Dividends per share Earnings per share Share capital Shareholders funds

Principal Shareholders: Creditanstalt No of Employees: 1,490

31.12.86 S'OOO

3,298,000 31,000 16,000 14,400

6%

240,000 448,000

UNICHEMA CHEMIE GESMBH ZWEIGNIEDERlASSUNG WIEN Schenkenstrasse 8-10, 1011 Wien Tel: (0222) 6619-0

31.12.87 S'OOO

3,112,000 32,200 16,000 14,400

6% 13S

240,000 450,000

PRINCIPAL ACTIVITIES: Wholesalers of chemical raw materials Parent Company: Unichema Chemie GmbH, Germany Financial Information:

Sales turnover


UNIVERSALE-BAU AG Renngasse 6, A-1 01 0 Wien Tel: (0222) 53461-0 Cable: Universalbau Wien Telex: 114703 uhtwn a; 135416 ubaua Telefax: 5334710

S'OOO 6,380,000

Supervisory Board.' Dr Guido N Schmidt-Chiari (Generaldirektor und Vorsitzender des Vorstandes der CreditanstaltBankverein, Vorsitzender), Dkfm Gerhard Randa (Generaldirektor-Stellvertreter und Stellvertretender Vorsitzender des Vorstandes der Creditanstalt-Bankverein, Stellvertreter des Vorsitzenden), Dkfm Dr Theo Ettel (Vorsitzender des Aufsichstrates der Osterr. Philips Industrie Gesellschaft mbH), Baurat h.c. Dipl.-Ing Bruno Freibauer, Dr Rudolf Gruber (Generaldirektor und Vorsitzender des Vorstandes der EVN Energie-Versorgung Niederbsterreich AG), Komm.-Rat Professor Dr Helmut H Haschek (Generaldirektor und Vorsitzender des Vorstandes der Oesterr. Kontrollbank AG), Professor Dr Walther Kastner,

AUSTRIA Abg.z.NR Kammerrat Josef Kerschbaum, Komm.-Rat Karl Kornis (Generaldirektor i.R., Vorsitzender des Aufsichstrates der Ersten Allgemeinen Versicherungs AG), Franz Krammer, Johann Obermaier, Kammerrat Franz Perdacher, Friedrich Schodl, Julius Sommer, Dkfm Dr Helmut Stalf, Dr Heinz Traxler (Mitglied des Vorstandes der Donau Allgemeine Versicherungs-AG)

Management Board: Dr Josef Vlcek (Generaldirektor und Vorsitzender), Dr Ferdinand Birkner, Dipl.-Ing. Helmut FreyTrauer, Ing. Alois Salzmann

PRINCIPAL ACTIVITIES: All forms of construction work; construction of industrial plants; structural engineering; civil engineering; foundation work, comprising large bridges, roads, waterways, earthmoving; the building of power plants, shafts and tunnels, subways, subterranean civil engineering including foundation piles, concrete piles, anchorage and injection work as well as demolition

Parent Company: Creditanstalt Bankverein, Vienna Subsidiary Companies: Shopping Center, Planungs-und

Entwicklungs GmbH & Co Werbeberatung KG; Tourist Center Hotelbau GmbH & Co KG; "Universale-Bau" GmbH (Germany); Universale Bau de Venezuela (Venezuela); Sonderbau GmbH; "Universale" Grundbau GmbH; Transportbeton GmbH & Co KG and other participations

Principal Bankers: Creditanstalt-Bankverein Financial Information:

31.12.86 S'OOO

Sales turnover 4,556,000 Profit after tax 633 Dividends Dividends per share Share capital 200,000

Principal Shareholders: Creditanstalt-Bankverein No of Employees: 3,500

31.12.87 S'OOO

4,571,000 9,296

10,000 50S

200,000

VOEST ·ALPINE INDUSTRIEANLAGENBAU GES MBH Postfach 4, A-4031 Linz Tel: (0732) 585 Telex: 2209-222 va a

Supervisory Board: Dr Herbert C Lewinsky (Chairman), Dkfm Dr Claus J Raidl (Deputy Chairman), Dr Peter Strahammer, Heinz Riaenschober, Helmut Zachhuber

Management Board: Dipl-Ing Othmar PLihringer, Dkfm Dr Gerald Frohlich (Executive Vice President), Mag Dr Richard Guserl (Executive Vice President), Dkfm Helmuth Hamminger (Executive Vice President)

PRINCIPAL ACTIVITIES: Voest-Alpine Industrieanlagenbau has two main business divisions: Mineral and Metallurgical Engineering:- Metallurgical plant integration; Mineral technologies; Metal reduction technologies and refractory plants; Steel production technologies; Continuous casting technologies; Rolling mill technologies; Pipe and tube production and steel processing technologies; Spare parts, second-hand equipment and after-sales services. Chemical, Pulp and Environmental Engineering:- Chemical engineering; Pulp and biomass engineering; Environmental engineering (industrial); Manufacturing plants

Parent Company: Maschinen- und Anlagenbau Holding AG Subsidiary Companies: Voest-Alpine Industrial Services Ges

mbh; Vogelbusch Ges mbH; Deutsche Voest-Alpine Industrieanlagenbau GmbH (Germany); Didier Engineering GmbH (Germany)

10


Revenue Result(1) Common stock Shareholders equity(2) (1) before transfer to Voest-Alpine AG (2) and reserves

31.12.87 US$'OOO 562,381

6,774 16,000 40,000

Principal Shareholders: OIAG Osterreichische Industrieholding AG


Major Companies of BELGIUM

11

3M BELGIUM NV-SA Nieuwe Nijverheidslaan 7, B-1920 Machelen (Diegem) Tel: (02) 722 51 11 Telex: 22 775 trim in b Telefax: (02) 720 02 25

Board of Directors: Stig Garan Eriksson Management: Sales: J Janssen, 0 arts, C Merchie, W Truffino,

P Heymans. Others: F L Debry, E De Corte, 0 Kelly, J Haelterman, R Savoye, J Webster

PRINCIPAL ACTIVITIES: Consumer and Professional Products: professional audio and video, paper products and photographic products. Industrial Products: abrasives, car care products, glues and fillers, decorative products, filtration products, fluorhydrocarbon products, products for the graphics industry, cleaning agents, sticky tape, security devices for libraries. Building and Construction: anti-sun and security films for windows, waterproofing products and putty. Electro-Telecomm: measuring equipment, control of static electricity, fibre optics, interconnections, electrical products for construction and maintenance, telecommunications. Safety: masks, non-skid products, monitors. Medical: cardiovascular apparatus and equipment, operating equipment, dental products, diagnostics, implants, medical and surgical products, orthopaedic products, pharmaceuticals, hygiene products, sterilization products. Office Supplies: audio-visual products, office equipment, data processing equipment microfilm and archive systems

Parent Company: Minnesota Mining and Manufacturing, 3M, St Paul, USA

Subsidiary Companies: Branch Office: Chemical Plant, Zwijndrecht

Principal Bankers: GB, BBL, KB, ASLK, Morgan; Citibank; BGL Financial Information:

Sales turnover BF'OOO

5,736,000

No of Employees: 367 (Diegem); 267 (Zwijndrecht)

ABAY S.A. Rue de Geneve 4, BTE 26-28, B-1140 Brussels Tel: (02) 242.51.51 Cable: ABAYBRU Telex: 22328 ABA Y B Telefax: 216.17.24

Board of Directors: R de Vocht (Chairman), J M Garcez (General Manager), M Roisin (General Manager), E Bocken, 0 Bribosia, J Verdoot, M de Soye

Management: J M Garcez (General Manager), M Roisin (General Manager)

Senior Executives: M Rapaille (CommerCial Manager), H Delree (Technical Manager)

PRINCIPAL ACTIVITIES: Engineering; feasibility studies (technical, agronomical, economical and financial aspects), searching for investors, arranging finance, process study, basic and detailed engineering, procurement, site works, commissioning, assistance in industrial starting up, assistance in management in the following fields: sugar and related industries, glass industry, starch and derivatives (particularly sweeteners) industry from corn and other plants; power alcohol industry; some chemical and petrochemical fields; large mechanical handling, storage and hoisting plants; execution design, general contracting in the following fields: civil engineering and building works; buried pipes; railway electrification; street lighting; electromechanical equipment for sluices, dams, hydro-electric stations, mobile bridges, etc.; wiring of conventional power and nuclear stations; construction of high VOltage lines, substations and distribution networks; electricity and piping installation for all types of industry; control and automation systems

Trade Names: Abay Division A.B. A. Engineering and Division Imsay-Ets

13

BELGIUM Subsidiary Companies: Subsidaries in Spain, France,

Luxembourg, United Arab Emirates, Belgium and Singapore, Commercial agencies in United Kingdom, Bangladesh, Hong Kong and Iraq

Principal Bankers: Societe Generale de Banque; Royal Bank of Canada; Banque d'indochine et de Suez (Benelux); Credit Lyonnais; City Bank



31.12.86 BF'OOO

3,200,000 500,000

31.12.87 BF'OOO

3,310,000 500,000

Principal Shareholders: E S Group (Em pain Schneider) No of Employees: 760

AGFA-GEVAERT NV Septestraat 27, B-2510 Mortsel Tel: (03) 444 21 11 Telex: 73 055 ag nv b Telefax: 4447094

Supervisory Board: Andre Leysen (President), Dr Johan Bisschops (Vice-President), Dr Dieter Becher, Dr GOnter Bahme, Prof Dr Karl Heinz BOchel, Dr Emiel De Grande, Dr Etienne De Wolf, Dr Klaus Gerlach, Helmut Loehr, HansJOrgen Mohr, Ir. Rene Peeters, Dr Herman Philippaerts, Prof Dr Robert Vandeputte, Helge H Wehmeier

Board of Representative Directors: Dr Etienne Dr Wolf (President), Dr Klaus Gerlach (President), Hans-JOrgen Mohr, Ir. Rene Peeters, Dr Herman Philippaerts, Helge H Wekmeier

Directors: (German Members): Dr Werner Alof, Dr Karlheinz Britz, Dr Justus Danhauser, Dipl. Ing. Friedrich Hujer, Dr Hermann Lang, Dr JOrgen Langeheine, Dr Friedrich Lohmann, Dr Joachim Lohmann, Dr Alexander Oster, Erhard Rittinghaus, Dr Helmut Schael, Gert-Peter Scheck, Dr WOlfgang Schweicher, Dr Bernhard Seidel, Dipl.-Ing. Werner Seufert, Peter von Woedtke. (Belgian Members): Ir. Frans Albrecht, Lic. Albert Aps, Lic. Rene Bossaerts, Dr Franyois Claes, Lic. Louis Cocquyt, Prof. Dr Andre Conix, Lic. Jean Davignon, Lic. Carlo De Houwer, Ir. Paul De Pelsmaker, Ing. Luc De Schamphelaere, Ir. Ernest De Smet, Ir. Herbert Fischler, Ir. Edwin Hendricx, Manfred Kern, Ing. Hugo Stuer, Ir. Walter Tack, Ir. Jan Van Hove, Lic. Willy Nan Meerbeeck, Lic. Raymond Van Roosbroeck, Lic. Jozef Van Steen, Ir. Gilbert Vermeulen

PRINCIPAL ACTIVITIES: Agfa-Gevaert Group: Range of production and supply: Chemical and electronic imaging systems. Commodity and consumer products, equipment and services for recording, storage, playback and reproduction of sound images. Amateur Products: Colour and black and white photographic films: colour and black and white wholegraphic; wholefinishing products; Amateur audio and video cassettes: professional audio and video tapes. Technical Products: Graphic and reprographic systems: diffusion transfer materials: computerized photocomposition and typesetting systems (Compugraphic): business graphic systems: office copying systems: microfilm systems: COM (Computer Output on Microfilm): electronic printers: m(}dical and industrial X-ray materials and equipment including monitor cameras: professional motion picture films

Trade Names: Agfa, Agfachrome, Agfacolour, Agfacontour, Agfamstic, Agfa Maxi, Agfapan, Agefix, Agetol, Atomal, Brovira, Colormator, Compugraphic, Copex, Copycolour, Copyline, Copyproof, Curix, Gevacolor, Gevascan, Labomator, Litex, Lupex, Matrix, Metol, Moviechrome, Neutol, Perutz, Portriga, Rapilith, Rapidoprint, Refinal, Repromaster, Rodinal, Scopix, Structurix etc

Parent Company: Bayer AG Subsidiary Companies: Agfa-Gevaert Argentina SA; Agfa

Gevaert Ltd (Australia); Agfa-Gevaert GmbH (Austria); AgfaGevaert Canada Ltd; Agfa Gevaert Chilena de Productos Fotograficos Ltda (Chile); Agfa-Gevaert A/S (Denmark); AgfaGevaert SA (Spain); OY Agfa-Gevaert AB (Finland); Agfa-

BELGIUM Gevaert Inc (USA); Agfa-Gevaert SA (France); Agfa-Gevaert Ltd (UK); Agfa Gevaert (HK) Ltd (Hong Kong); Agfa-Gevaert Ltd (Eire); Agfa-Gevaert SpA (Italy); Agfa-Gevaert Japan Ltd; Agfa-Gevaert de Mexico SA; Agfa-Gevaert NZ Ltd (New Zealand); Agfa-Gevaert A/S (Norway); Agfa-Gevaert Lda (Portugal); Agfa-Gevaert (Singapore) Ltd; Agfa-Gevaert AB (Sweden); Agfa-Gevaert AG/SA (Switzerland); Agfa-Gevaert de Venezuela SA (Venezuela); Agfa-Gevaert AEBE (Greece); Agfa-Gevaert Iran SSK (Iran); Agfa-Gevaert BV (Netherlands). Sales representatives resp. distributors in more than 120 countries worldwide



1986 BF'OOO

141,877,000 9,825,000

Principal Shareholders: Bayer (100%) No of Employees: 31,000 (Worldwide)

AIR UQUIDE BELGE, L', SA Rue des Vennes 374, B-4020 Liege Tel: (041) 42.30.70,43.65.55 Cable: Air Liquid-Liege Telex: 41 209 airliq b Telefax: (041) 43.65.55

1987 BF'OOO

136,348,000 13,238,000

Board of Directors: Maurice George (Chairman), Jean-Pierre Breton, Kristian Werner, Jens Wickberg

Management: Fernand van Oosterzee (General Manager), Leopold Adam (Production Manager), Amand Vandertaelen (Sales Manager), Jean Simonon (Administrative Manager), Christian Delhasse (Financial Manager)

PRINCIPAL ACTIVITIES: Manufacture, purchase, sale and development of gases, for industrial scientific and medical use, and associated apparatus and materials

Subsidiary/Associated Companies: Air Liquide International (France); AGA AB (Sweden)

Principal Bankers: Banque de Paris et des Pays-Bas; Banque Bruxelles-Lambert; CL; GB



2,000,000

Principal Shareholders: Air Liquide International, France; AGA AB, Sweden


AKZO BELGIE NV Marnixlaan 13, B-1050 Bruxelles Tel: (02) 518 04 07 Telex: 22 071 orgabe b

Management: Ir A De Moor

PRINCIPAL ACTIVITIES: Manufacture of chemicals for a wide variety of industries including the rubber, aerosol, food, petrochemical, plastics and paint industries

Parent Company: Akzo Chemie BV, The Netherlands Principal Bankers: GBM; KB Financial Information:

Sales turnover


BF'OOO 3,800,000

AMOCO CHEMICALS BELGIUM NV Amocolaan 2, B-2440 Geel Tel: (014) 58 99 56 Telex: 32 375 amocog b

Board of Directors: J A Maish (Chairman), H M Viaene, R C Jagel, E F Stuer

Senior Executives: H M Viaene (Plant Manager)

PRINCIPAL ACTIVITIES: Manufacture of a range of petrochemical and plastic products

14

Trade Names: AMOCO PTA, DMT, IPA-99, PP Parent Company: Amoco Chemicals Corp, USA Principal Bankers: Kredietbank NV; Generale Bankmij; Bank

Brussels Lambert Financial Information:


9,500,000

Principal Shareholders: Amoco Chemicals Holding, Chicago No of Employees: 499

AMOCO FINA NV Noorderlaan 147-Bus 7A, B-2030 Antwerpen Tel: (03) 542.00.10 Cable: Finamoco Telex: 31.815 amofin b Telefax: (03) 542 0010

Board of Directors: F J Lacroix (Chairman), Fr. della Faille, J F Grootjans, G Guillaume, L A Chouinard, H A McCandless, G R Mauss, F J Lacroix, R A Sholts, P Schaerlaekens (General Manager)

Management: P Schaerlackens (General Manager) Senior Executives: M Van Reeth (Manager), L Moens (Manager)

PRINCIPAL ACTIVITIES: Manufacture and sale of additives for lubricating oils and of polybutenes

Parent Company: Amoco Corporation, Chicago, USA; Petrofina S.A., Belgium

Principal Bankers: Societe Generale de Banque; Kredietbank; Banque Bruxelles Lambert; Morgan Guarantee Trust Co.; Credit Lyonnais



2,650,000

Principal Shareholders: Amoco Holding Company, Chicago, USA; Petrofina SA, Brussels, Belgium


ASAHI CHEMICAL INDUSTRIES (EUROPE) SA-NV 326 Avenue Louise, BOlte 56, B-1050 Bruxelles Tel: (02) 649.80.68 Telex: 26 231 asahi b

Board of Directors: M Iwahitsu (PreSident)

PRINCIPAL ACTIVITIES: Production of chemicals, synthetic fibres

Parent Company: Asahi Corporation, Japan Principal Bankers: SUMI; BOT; BBL Financial Information:

Sales turnover

No of Employees: 30

BASF ANTWERPEN N.V. Scheldelaan, B-2040 Antwerpen Tel: (03)568.21.11 Cable: Basant Antwerpen Telex: 31047 Telefax: (03) 68.29.93

Managing Director: Dr. H Endres Directors: H. J. Grosse, J-S Schrader

BF'OOO 4,700,000

PRINCIPAL ACTIVITIES: Fertilizers, plastics, intermediates for plastiCS and fibres, chemicals

Parent Company: BASF Aktiengesellschaft, Ludwigshafen/Rhein, Germany

Subsidiary Companies: CNO N.V., Belgium Principal Bankers: Generale Bankmaatschappij; Bank Brussel

Lambert; Pari bas Bank Belgie; Kredietbank



1987 BF'OOO

41,013,100 5,128,100

Principal Shareholders: BASF Aktiengesellschaft; Wintershall AG


BASF BELGIUM Avenue Hamoir 14, 1180 Bruxelles Tel: (02) 373.21.11 Cable: basfbel b Telex: 22016 bas bel b Telefax: (02) 375.10.42

Chairman: H Detzer Directors: N Martin

PRINCIPAL ACTIVITIES: Trade in chemicals, plastics, dyestuffs, fertilisers and crop protection; information systems

Trade Names: BASF Parent Company: BASF Aktiengesellschaft,

ludwigshafen/Rhein, West Germany Subsidiary Companies: Comparex Information Systems Belgium Financial Information:

31.12.86 BF'OOO

Sales turnover 11,262,025 Profit before tax 88,545 Profit after tax 50,738 Retained profit 20,956 Dividend 30,000 Dividend per share 545BF Earnings per share 922BF Share capital 100,000 Shareholders funds 395,907

Principal Shareholders: BASF Aktiengesellschaft No of Employees: 293

BAYER ANTWERPEN NV Kanaaldok B1, 2040 Antwerpen Tel: (32)3 540 30 11 Telex: 71175 bayant b Telefax: (32) 3 541 69 36

Chairman: Dr Kleine-Weischede Directors: Dr Weyer

31.12.87 BF'OOO

11,756,751 69,660 37,098 12,098 25,000 454BF 674BF

100,000 408,005

Senior Executives: Dr Knapp, Dr Kopp, Dipl. Kfm. Schliewe, R leys

PRINCIPAL ACTIVITIES: Manufacture of a wide range of general industrial and speciality chemicals, synthetic fibres, agrochemicals

Trade Names: Dorix, Bayertitan, Desmophen, Tribunil, Vulkacit, Vulkanox

Parent Company: Bayer AG, leverkusen, West Germany Subsidiary Companies: Bayer-Shell Isocyanates NV Principal Bankers: Kredietbank; BBl; Paribas; Generale

Bankmaatschappij Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends Share capital Shareholders funds

31.12.86 BF'OOO

20,298,000 2,215,300 1,234,100

637,000 611,000

2,350,000 4,330,000

31.12.87 BF'OOO

19,865,000 1,740,000 1,129,700

715,000 508,000

2,350,000 4,925,000

Principal Shareholders: Bayer AG, leverkusen, West Germany No of Employees: 2,355

15

BELGIUM BELGIAN SHELL SA-NY Cantersteen 47, B-1000 Bruxelles Tel: (02) 512.31.60 Cable: Shell Bruxelles Telex: 21 314 shell brussels Te/efax: (02) 512 08 00

Board of Directors: Bernard Leyraud (President) Management: W Goebel (Marketing and Distribution Chemicals),

G Saussu (Marketing and Distribution Oil), 0 Shrubb (Supply and Manufacturing), P van Der Plancke (Personnel), R Romeyns (Finance)

PRINCIPAL ACTIVITIES: Production, marketing and distribution of all products derived from oil, including chemicals

Parent Company: Royal Dutch Petroleum, Netherlands Principal Bankers: Societe Generale de Banque; Banque de

Paris et de Pays-Bas; Banque Bruxelles Lambert; Credit lyonnais; Kredietbank



50,000,000


BELGONUCLEAIRE S.A. 25 rue du Champ de Mars, B-1050 Bruxelles Tel: (2) 513 97 00 Cable: Nucleus Bruxelles Telex: 22187 nucbru b Telefax: (2) 513 22 03

Board of Directors: Robert Cayron (President-Administrateur Delegue), Andre Jaumotte (Vice President), Guy Tavernier (Administrateur-Conseiller General). Administrateurs: Michel Deltenre, Jacques Laurent, Andre Moortgat, Martin Reniers, Roger Van Geen, Didier Vokaer, Armand Walravens

Management: Jean van Dievoet (Directeur General), Emile Vanden Bemden (Directeur General Adjoint), G Debier (Directeur General Adjoint), Emile Fossoul (Secretaire General)

Senior Executives: J M Morelle (Reacteurs a Neutrons Rapides), Ch Dehon (Ingenierie Nucleaire), E Jonckheere (Reorientation), A Michel (Business Development), L Christiaens (Personnel et Contentieux), G Cornet (Administration et Finances), R Delrue (Promotion Commerciale), M Egleme (Coordination des Moyens d'Elude), M Debauche (Ingenierie Systemes et Procedes Nucleaires), P Libotte (Ingenierie Combustibles Nucleaires et Materiaux), J M Leblanc (Usine de Dessel), G Vanhellemont (Usine de Dessel)

PRINCIPAL ACTIVITIES: Nuclear engineering; nuclear fuel manufacturing; new energies technology; waste and systems; mechatronics

Subsidiary/Associated Companies: Belgatom; Transnubel; C.I.G.-Intersys Systems; KVG; COMMOX; INB; TECNUBEL; VISITEC

Principal Bankers: Societe Generale de Banque; Banque Bruxelles Lambert; Credit Lyonnais


Sales turnover Profit (loss) before tax Profit (loss) after tax Share capital

31.12.86 BF'OOO

2,203,516 16,217 16,217

400,000

31.12.87 BF'OOO

1,783,175 (56,019) (56,019) 400,000

Principal Shareholders: Centre d'Etude de l'Energie Nucleaire (CEN/SCK); E B E S; Intercom; Tractebel


BRICOUT BELGIUM SA/NY Rue leopold 23, 6000 Charleroi Tel: (071) 271811 Telex: 51376 bricou b Telefax: (71) 31 11 50

BELGIUM Board of Directors: Andre A Bricout (Chairman), Benoit Colmant

(Vice Chairman), Jean louis laurent (Managing Director), Michel lejour, George S Patterson

Management: Jean louis laurent (Managing Director), Etienne Stockbroecx (Manager International)

PRINCIPAL ACTIVITIES: Export, import and marketing of petrol and petroleum products

Subsidiary Companies: Bricout Deutschland GmbH; Nynas Bricout Betumen GmbH (Germany); Bricout Nederland BV; SOGECOM luxembourg; Bricout SA (Switzerland); SOBElCOKE; COZAl SARl (Zaire)

Principal Bankers: Banque de Paris et des Pays Bas Belgique; Generale de Banque; Societe Generale Alsacienne de Banque, Credit lyonnais; BBl; Indosuez; Banque Trad (Paris)



12,700,000

No of Employees: 25

CARBOCHIMIQUE, SOCIETE, SA

Carbochim Avenue de Broqueville 12, 1050 Bruxelles Tel: 32-2-762 1672 Telex: 21624 robur bru Telefax: 02-762.26.90

Board of Directors: Robert Novis (President), Francis de Pauw (Administrateur Conseil), Jean van den Branden de Reeth (Administrateur-Delegue), Jean-Claude Bourmanne (Administrateur), lucien Bradfer (Administrateur), Michel Delefortrie (Administrateur), Jean Duronsoy (Administrateur), Ivo Van Thielt (Administrateur)

PRINCIPAL ACTIVITIES: Polyethers and organic products Trade Names: Tercarol Parent Company: GECHEM SA Subsidiary Companies: SADACEM SA Principal Bankers: SGB Financial Information:

Sales turnover

Principal Shareholders: GECHEM SA

CHEMIMETAL MACHINES SA/NV Av Brugmann 403, B-1180 Bruxelles Tel: (02) 344 19 85 Cable: chemimetal Bruxelles Telex: 21 484 chmtl b Telefax: (02) 347 5669

BF'OOO 2,430,000

Board of Directors: B Guttman (President), Dr J Prescher (Vice President), l Gutsch (Administrateur Delegue), C Visart de Bocarme (Administrateur)

PRINCIPAL ACTIVITIES: Import and export of steel products, industrial chemicals and industrial equipment

Trade Names: WMW, GISAG, KUASY Principal Bankers: GB; KB Financial Information:

Sales turnover

No of Employees: 19

BF'OOO 9,500,000

COPPEE LAVALIN SA (FORMERLY COPPEE SA) Ave louise 251, Bte 16, B-1050 Bruxelles Tel: (02) 649 15 11 Cable: Coppee Bruxelles Telex: 21 139 corwox b Telefax: (02) 647 74 35

Board of Directors: Baron Coppee (President) Management: louis Lamarre (Administrateur Delegue)

16

Senior Executives: Rene Nokin (General Manager), Georges Fabry

PRINCIPAL ACTIVITIES: Engineers and contractors for industrial plants; mechanical and chemical engineering

Trade Names: Coppee lavalin Parent Company: (30%) Compagnie Coppee de Developpement

Industriel, COl (lafarge Coppee Group); (70%) lavalin Subsidiary/Affiliated Companies in Europe: lafarge Coppee

lavalin SA, France; Coppee-Courtoy SA, Belgium; Coppee Engineering Company, UK and others in Venezuela and Singapore

Principal Bankers: GB; BBl; CGG; BENE Financial Information:


714,000


DEGUSSA ANTWERPEN N.V. Frans Tijsmanstunnel, 2040 Antwerp Tel: (03) 568.42.11 Telex: 32918 Degus b Telefax: (03) 568.43.11

Supervisory Board: Dr R Ehrt (Chairman), Dr H Bode, Dr F W Sperr, Prof Dr jur A Tiberghien, Baron A J Vie rick, Dr U E Bufe

Directors: Dr F Sperr (Managing Director), Dr N Kriebitzsch (Director Production), J Coenen (Director Administration), Dr D Schneider (Director Technical Department)

Senior Executives: W Buyens (Personnel), V Devits (Finance), R De Haes (Procurement), V leen (Public Relations), l Daenen (Environment), A loos (Safety-Security), R Erkens (Maintenance)

PRINCIPAL ACTIVITIES: Manufacture of chemical products Parent Company: Degussa AG, Frankfurt am Main, Germany Principal Bankers: Bank Brussel lambert; Bank of America;

Paribas; KB Financial Information:

Sales turnover Profit before tax Profit after tax Share capital

Principal Shareholders: Degussa AG No of Employees: 986

30.9.86 BF'OOO

7,400,000 746,000 418,000 800,000

DOW CHEMICAL BELGIUM NV 14 Industriepark, 3980 Tessenderlo Tel: (013) 66.29.71

30.9.87 BF'OOO

6,637,000 736,000 440,000 800,000

Senior Executives: M Janssens (Sales Manager), G R Binetter (Commercial Manager)

PRINCIPAL ACTIVITIES: Distribution and sale of a wide range of industrial chemicals for a variety of industries including the plastiCS, packaging, metallurgy, water treatment, pharmaceutical , textile and building industries

Parent Company: Dow Chemical Corp, USA Principal Bankers: KB; SGB; BBl Financial Information:

Sales turnover


BF'OOO 12,260,000

DU PONT DE NEMOURS (BELGIUM) 6 Anton Spinoystraat, Industriezone 2800 Mechelen Tel: (015) 40 14 11 Telex: 22 553 dubelc b Telefax: (015) 721 04 66

Management: J Kooger Senior Executives: D Betlam, R E Bailey, R von der luft

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products and their derivatives: pharmaceuticals: plastics

Trade Names: Lucite, Centari, Dymetrol, Teflon, Delrin Parent Company: E I du Pont de Nemours (Inc), USA Principal Bankers: KB: MGTC: BBL: GB Financial Information:

Sales turnover


BF'OOO 6,800,000

ESSO BELGIUM (DIVISION OF ESSO INC) Polderdijkweg 3, 2030 Antwerpen Tel: (03) 543.31.11 Cable: Essobel-Antwerpen Telex: 35600 essobel ant Telefax: (03) 543.34.95

Board of Directors: R Dahan (President), W R Brunger, E J van Hilten, I W Upson

PRINCIPAL ACTIVITIES: Refining, distribution and export of all petroleum products and derivatives

Trade Names: Esso, Exxon Parent Company: Exxon Corporation Principal Bankers: GB: BBL: KB: Paris bas Financial Information:

Sales turnover Profit (loss) after tax Share capital

31.12.86 (9 mths) BF'OOO

56,604,000 4,559,000 3,044,000

30.9.87 (15 mths)

BF'OOO 94,620,000

(280,000) 4,047,000

Principal Shareholders: Esso Holding Cy Holland Inc: Exxon Corporation


ESSOCHEM PLASTICS INC 2 Veedijk, 3990 Meerhout Tel: (014) 30.94.41 Telex: 34 194

Board of Directors: M De Vuyst

PRINCIPAL ACTIVITIES: Manufacture of plastics and chemicals including polyethylene and vinyl acetate

Parent Company: Exxon Corporation, USA Financial Information:

Sales turnover


ETHYL SA Avenue Louise 523, Bte 19, 1050 Bruxelles Tel: (02) 642 44 11 Cable: ethyl Telex: 22 549 Telefax: (02) 648.43.36

DM'OOO 45,000,000

Directors: A Demeuse (Managing Director), A Frens (Industrial Chemicals), R Ceunis (Manufacturing)

PRINCIPAL ACTIVITIES: Industrial chemicals: petroleum products

Trade Names: Ethyl, Hitec Parent Company: Ethyl Corporation, USA Subsidiary Companies: Ethyl Ltd (UK): Ethyl GmbH (Germany);

Ethyl France SA (France); Ethyl Autriche (Austria) Financial Information:

Sales turnover Profit after tax (1) European sales (2) Belgium only


BF'OOO 12,000,000(1 )

500,000(2)

17

BELGIUM EXXON CHEMICAL BELGIUM Vorstlaan 280, B-1160 Brussels Tel: (02) 674.41.11; (03) 252.31.11 (Antwerp POlymers Plant);

(014) 57.31.11 (Meerhout Polymers Plant); (03) 543.31.11 (Antwerp Performance Fluids Plant)

Telex: 22 364 esso b Telefax: (02) 674.41.29

Management: G L McPike (Managing Director), T Halsey

PRINCIPAL ACTIVITIES: Production (at APP and MPP), marketing, sales and distribution of polyethylene resins, EVA and EAA copolymers, ionomers, fully formulated compounds for agricultural/horticultural films, polyolefins powders. Production (at APFP and Antwerp Refinery), marketing, sales and distribution of sulphur and a broad range of hydrocarbon solvents, exploitation of ethylene terminal. Resale of broad range of petrochemicals produced by other Exxon Chemical affiliates

Parent Company: Esso Inc, Antwerp, Belgium Subsidiary Companies: Plants: Antwerp Polymers Plant (APP);

Meerhout Polymers Plant (MPP); Antwerp Performance Fluids Plant (APFP)

Principal Bankers: Morgan Guaranty Trust; BBL Financial Information:

Revenue


FABRICOM SA

1986 US$'OOO 800,000

Rue Gatti de Gamond 254, 1180 Bruxelles Tel: (02) 370.31.11 Cable: Fabricom Bruxelles Telex: 22072 fabbru b

1987 US$'OOO

1,031,000

Board of Directors: A Dumont (President), A Rolin (Administrateur-Delegue), Ph Casier (Administrateur-Directeur general), P A de Croes (Administrateur-Directeur), D Gillon (Administrateur-Directeur)

Senior Executives: D Gillon, P A De Croes, J Moser, A Cheron (Secreta ire General), Ph Casier

PRINCIPAL ACTIVITIES: Overhead transmission lines and high tension switch yards, electrical installations, highway and street lighting, electromechanical equipment, instrumentation and control of processes, industrial piping and erection, modules, teledistribution, incineration, urban heating, thermal power plants, nuclear power plants, prefabrication workshop, bending workshop, electricity workshop

Parent Company: GROUPE FABRICOM SA Subsidiary Companies: Fabricom B.V. (Netherlands); Fabricom

Corporation of America (USA); Fabricom Offshore; Indata; B.H.C.; Tuyauteries de rEst; Bracke Monin; GRD; Dematec; Trasys; Leasinvest

Principal Bankers: Banque Bruxelles Lambert; Societe Generale de Banque; Banque de Paris et des Pays-Bas; Kredietbank

Financial Information: 1986

BF'OOO

Sales turnover 5,805,390 Profit before tax 354,564

Profit after tax 344,349

Retained profit 39,214

Dividends 119,434

Dividends per share 1,837BF

Earnings per share 4,298BF Share capital 745,000 Shareholders funds 2,141,995 'BF400,OOo uncalled up

capital

Principal Shareholders: GROUPE FABRICOM SA No of Employees: 2,500

1987 BF'OOO

5,393,815 104,978 102,644 32,786 80,000 143BF 205BF

1,500,000' 1,151,738

BELGIUM FERCHIMEX NV 1 Anneessensstraat, Bus 9/10, 2018 Antwerpen Tel: (03) 2317715 Telex: 33 199 chimex b

Management: L Riazanskii

PRINCIPAL ACTIVITIES: Trade in fertilisers Principal Bankers: BBL, BA, BPN Financial Information:

Sales turnover

FINANESTE 10 Scheldelaan, B-2030 Antwerpen Tel: (03) 542.10.60 Cable: Petrochim Antwerp Telex: 31781 petroc b Telefax: (03) 541 21 13

BF'OOO 4,000,000

Board of Directors: Edouard Demeure de Lespaul (President and Managing Director), P de Tillesse, P Jooris, G vander Straeten, L Van den Brande, Axel de Broqueville

Management: Edouard Demeure de Lespaul (President and General Manager), Paul Luyten (General Manager)

PRINCIPAL ACTIVITIES: Manufacture of petrochemicals (ethylene, propylene etc)

Trade Names: FINATHENE, FINAPRENE Parent Company: Petrofina, Brussels, Belgium; Neste Oy,

HelSinki, Finland Principal Bankers: Generale Bankmaatschappij; Banque

Bruxelles Lambert; BNP; Credit Lyonnais; Kredietbank

Principal Shareholders: Petrofina SA (65%); Neste Oy (35%) No of Employees: 1,020

GECHEM SA (FORMERLY PRB) 12 avenue de Broqueville, B-1150 Bruxelles Tel: (02) 762.16.72 Cable: robur bruxelles Telex: 21624 robur b Telefax: (02) 762.26.90

Board of Directors: Robert Novis (Chairman and Chief Executive Officer), Michel Delefortrie (Executive Vice Chairman), Rene Lamy (Vice Chairman), Jean Duronsoy (Director and General Manager). Directors: Michel Bouchat, Jean-Claude Bourmanne, Julien Davignon, Francis De Pauw, Jean Gillio, Marcel Goblet, Guy-M Paquot, Jacques Roegiers, Roger van der Schueren, Julien Van Hove

Management Committee: Emile Jadin (Group Financial Manager) Senior Executives: Yves Bruneel (Secretary General, Secretary

to the Board of Directors), Rene-Claude Gregoire (Secretary of the Board's Management Committee)

PRINCIPAL ACTIVITIES: Polyurethane and organic products; metallic oxides and salts, special alloys, carbon black; defence and mechanical fabrication; fine chemicals and agricultural chemicals; industrial explosives; plastic films

Parent Company: Societe Generale de Belgique Subsidiary Companies: (100% owned unless stated): TOTALLY

INTEGRATED COMPANIES:- Les Forges de Zeebrugge sa and subsidiary: Ateliers Stenne sa. PRB sa and its subsidiaries: International Organization Sales and Services sa; Balim sa; Devilca-FB sa; Belcan Technologies. Recticel sa its subsidiaries and sub-subsidiaries: Recticel Holding Noord bv; Recticel bv; Recticel Nederland bv; Belfoam sa; Recticel International bv; Recticel Verwaltung GmbH & Co KG; Recticel Deutschland GmbH; Recticel Anlagen GmbH; Eurofoam Kunststoff GmbH; K F Muller GmbH; Petrocarbona GmbH; Nordflex AB; Nordflex Sikea AB; Rectisol AB; Recticel Management International bv; Recticel Foam Corporation; Recticel US; OmniChem sa; Quinta sa; Recticel UK; Harrison & Jones; Kramo nv; Vabo nv; Recticel sa (France); Cofrino Confort sa; Plastica Confort sa; Recticel Insulation

18

Contracting sa. Intergroup Coordination Services sa; Finapal sa; Centre de Coordination GECHEM sa. Sadacem sa its subsidiaries and sub-subsidiaries: Belgomang sa; Carbochim Holding Noord bv; Azofilm sa; Isoferm sa; Chimac-Agriphar sa; Sadacem US; Chemetals Inc; Cheminter Corp; Gulf Chemical and Metallurgical Corp "GCMC"; Ensagent sa; Ensagri sa; Veramtex sa. Azotherm sa and its subsidiary Jocell sa; Societe a Portefeuille de la Chancellerie sa. PROPORTIONALLY INTEGRATED COMPANIES:- NOBEL EXPLOSIFS Belgique - NE.B sa (41.3%); NOBEL EXPLOSIFS France - NE.F sa (41.3%). Subsidiaries of Recticel Holding Noord bv: Tarec International bv; Tarec International Ltd; Tarec UK; Tarec Insulation sa; Coolag bv; Tarec Deutschland GmbH. Belgopia sa subsidiary of OmniChem sa; Tarec sa subsidiary of Recticel sa (France); Associates Clopay Europe sa subsidiary of Azotherm sa. IN EQUITY:- Societe Chimique Prayon Rupel sa (31.07%); Prayon Developpement sa (31.06%); Prayon France sa (31 %); Prayon International sa (31.06%); CMF sa (6.21%); SNCZ sa (14.29%); Umipray sa (31 .04%); Zinchem Benelux (30.84%); Zinchem GmbH (31.07%); Zinchem Ltd (31.07%); Silox sa (15.46%); Seco (15.51%)

Principal Bankers: SGB; BBL Financial Information:

Sales turnover (Loss) after tax

Share capital

Shareholders funds

31.12.86

BF'OOO 54,976,290 (3,663,239) 1,252,177

3,269,114

31.12.87

BF'OOO 39,124,961 (2,235,984) 3,167,785

1,462,568

Principal Shareholders: Societe Generale de Belgique No of Employees: 10,020

HERCULES CHEMICALS NV-SA Industrieweg, Bus I, 3940 Paal-Beringen Tel: (011) 43 01 11 Telex: 39334 Telefax: (011) 42 03 61

Management: T Convents (Managing Director)

PRINCIPAL ACTIVITIES: Polypropylene films; additives for food; paper chemicals; synthetic rubber; cellulose derivatives; resinous products

Parent Company: Hercules Inc., Wilmington, DE, USA Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Share capital

31.12.87 BF'OOO

1,100,000 338,436 187,609 374,638

20,000

Principal Shareholders: Hercules BV; Hercules Ltd No of Employees: 78

I.C'!. BELGIUM S.A.-N.V. Everslaan 45, 3078 Kortenberg (Everberg) Tel: (02) 758.92.11 Cable: Icibel Telex: 21332 icibel

Board of Directors: A M I Beck (Chairman), P C Vlahodimos (Managing Director), R Rubens, H Verbeek

Management: P C Vlahodimos (Managing Director) Senior Executives: I M Brocklehurst, J Van Vaerenbergh, F

Achtergaele, S Mcintosh, C Schiettecatte, R Nierinck, E Steur

PRINCIPAL ACTIVITIES: Distribution of chemicals, dyestuffs, pigments, plastics, fibres, polyurethanes, agrochemicals

Parent Company: ICI PLC, London Principal Bankers: Lloyds Bank International (Belgium) SA


1987

BF'OOO

Sales turnover 1,363,194

Profit before tax 52,521



Dividends 30,000

Dividends per share 1,361BF

Earnings per share 1,196BF

Share capital 195,000

Shareholders funds 215,243

Principal Shareholders: ICI PLC


JANSSEN PHARMACEUTICA NV Turnhoutseweg 30, 2340 Beerse

Tel: (014) 60 21 11

Cable: Janssenpharma Beerse Belgium

Telex: 32540 JANFAR

Telefax: 014602841

Board of Directors: Luc Wauters

1988

BF'OOO

1,496,900

75,700

39,600

800

40,000

1,815BF

1,797BF

195,000

214,800

Management Board: Dr Paul Janssen, Robert Stouthuysen

Senior Executives: Lode Stoffels, Philippe Vanavermaete

PRINCIPAL ACTIVITIES: Pharmaceutical and veterinary products; agro-chemicals, fine chemicals and scientific instruments

Parent Company: Johnson & Johnson, USA

Principal Bankers: Generale Bank; Kredietbank; Bank van Brussel; Bank Paribas


Sales turnover


1986

BF'OOO

14,036,000

L' AIR LlQUIDE BELGE SA See AIR LlQUIDE BELGE, L', SA

1987

BF'OOO

18,203,000

LlMBURGSE VINYL MAATSCHAPPIJ NV H Hartlaan, Industriepark Schoonhees West, 3980 Tessenderlo

Tel: (013) 66.61.12

Telex: 39780 LVM B

Telefax: (013) 66.84.06

Chairman: G Marchand

Directors: J Janssen (Vice Chairman), B Denis, L Gouin, R Greif, G Kokkeler, L Gysemans, A Huisman, S Groen, S D de Bree

Senior Executives: P Polet (General Manager), W Bormans (Technical Manager), P Schevernels (Marketing Manager), H Amkreutz (Finance and Administration Manager)

PRINCIPAL ACTIVITIES: Production of monomer and polymer vinyl chloride

Trade Names: MARVYLAN

Subsidiary Companies: DYKA Plastics; DYKA Steenwyk; SOTRA; PLASTIVAL

Principal Bankers: Banque de Paris et des Pays-Bas; Societe Generale de Banque; Kredietbank

19

BELGIUM Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds

1986 BF'OOO

9,500,000 437,700 239,800 239,800

800,000 1,266,800

1987 BF'OOO

12,333,000 901,242 256,032 256,032 250,000 31.25BF

63.254BF 800,000

1,528,039

Principal Shareholders: Tessenderlo Chemie (50%); DSM (50%) No of Employees: 202

MECHIM SA 4 rue du Bosquet, B-1348 Louvain-La-Neuve Tel: 32.10/47.56.11 Cable: MECHIM Telex: B 59228 mechim Telefax: 82.10/45.04.01

Administrative Board: Jean Moutury (President), Guy de Cordes, Christian Vanlangendonck (Administrateur-Directeur General), Noel Masson, Claude Feneau, Pierre de Merre

Management: Christian Vanlangendonck (Administrateur-Directeur General), Jacques Duparque (Directeur Technique), Etienne Jeghers (Directeur Financier et Administratif)

Department Heads: Richard Sheridan (Business Development), Christian Vereyen (Process), Patrick Guillaume (Negociation), Henry Hardenne (Technique), Alain Palmers (Juridique), Michel Verdeyen (Financier), Jacques Meert (Personnel), Philippe Marionex (Achats)

PRINCIPAL ACTIVITIES: Engineering and construction of plants in the field of ore dressing and coal treatment, non-ferrous metals and chemical industry

Subsidiary Companies: NESA SA; CRIBLA SARL (France) Principal Bankers: Generale de Banque Financial Information:

Sales turnover Profit after tax Share capital

31.12.87 BF'OOO

2,311,000 75,000

374,000

Principal Shareholders: Union Miniere; Metallurgie HobokenOverpelt; Vieille-Montagne

No of Employees: 80

MOBIL, SUCCURSALE BELGE, PLASTICS EUROPE INC Zoning Industriel de Latour, 6761 Virton Tel: (063) 57.02.51 Telex: 42 305

Board of Directors: B Raimond

PRINCIPAL ACTIVITIES: Plastics and petrochemicals Financial Information:

Sales turnover


MONSANTO EUROPE SA

BF'OOO 6,000,000

Av de Tervuren 270-272, Boite 1, 1150 Bruxelles Tel: (02) 761 41 11 Cable: Monsaturop Bruxelles Telex: 62927 Mesa b

Board of Directors: Martin J Kallen (Chairman), G M Francx, B P Auxenfans, D Leedon, G K Oberhausen, C R Heeremans

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals, agricultural products, plastics and electronic materials

BELGIUM Parent Company: Monsanto Company, USA Subsidiary Companies: Monsanto Austria Principal Bankers: Societe Generale de Banque Financial Information: Monsanto sales in Belgium and 2 Belgian

plants only

Sales turnover


NL CHEMICALS NV 10 Langerbruggekaai, 9000 Gent Tel: (091) 54 03 11 Telex: 11278 kronos b

BF'OOO 31,700,000

PRINCIPAL ACTIVITIES: Manufacture of chemicals Financial Information:

Sales turnover

PETROCHIM 4 Scheldelaan, B-2030 Antwerpen Tel: (03) 542.10.60 Cable: Petrochim Antwerp Telex: 31781 petroc b Telefax: (03) 541 21 13

BF'OOO 4,200,000

Board of Directors: Edouard Demeure de Lespaul (President and Managing Director)

Management: Edouard Demeure de Lespaul (President and General Manager)

PRINCIPAL ACTIVITIES: Manufacture of plastics and synthetic rubber

Trade Names: FINATHENE, FINAPRENE Parent Company: Petrofina, Brussels, Belgium (65%); Neste Oy,

Helsinki, Finland (35%) Principal Bankers: Generale Bankmaatschappij; Banque

Bruxelles Lambert; BNP; Credit Lyonnais, Kredietbank

Principal Shareholders: Petrofina SA (65%); Neste Oy (35%)

PETROFINA SA Rue de !'Industrie 52, 1040 Bruxelles Tel: (02) 233.91.11 Cable: Petrofina Bruxelles Telex: 21556 pfina b

Board of Directors: Baron Wolters (Honorary President), JeanPierre Amory (Chairman and Managing Director), Pierre de Tillesse (Deputy Chairman and Managing Director), FranCfois Corne lis (Executive Director), Baron Paulo de Garcia de la Vega (Executive Director), Pierre Jungels (Executive Director), Baron Didrik Snoy (Executive Director). Directors: Yves Boal, Gerard Eskenazi, Roger Fauroux, Albert Frere, Dr Paul Janssen, Rene Lamy, Comte Jean-Pierre de Launoit, Emile Guevrin, Jacques van der Schueren, Luc Wauters, Baron Guy de Wouters, Fred E lollinger. Honorary Vice President: Baron Lambert. Honorary Directors: Carmille Bonnami, Richard I Galland, Pierre Vanderstappen. Secretary General: J Van Uytvanck

Management: Jean-Pierre Amory (PreSident and Managing Director), Pierre de Tillesse (Deputy President and Managing Director), FranCfois Cornelis (Executive Director, Chairman's Office), Baron Paulo de Garcia de la Vega (Executive Director Supplies), Pierre Jungels (Executive Director), Baron Didrik Snoy (Executive Director, Transport, Insurance, Coal, Trade Relations, Studies and Acquisitions), Henrique Bandeira Vieira (General Manager, Exploration, Production), Axel de Broqueville (General Manager, Chemicals, Research and Development, New activities), Jean Buckens (General Manager, Insurance, Corporate Finance, Insurance), Andre Florival (General Manager, Marketing), Georges vander Straeten (General Manager, Refining, Data Processing, Safety and Environment), Jean Van Uytvanck (General Manager, Legal Affairs, Personnel), Pierre Masson (Senior Adviser, Exploration)

20

PRINCIPAL ACTIVITIES: All sectors of the oil industry: exploration and production, transportation and oil refining, petrochemicals, marketing of petrochemical products and research. Complementary fields: paints and coatings, oleochemicals from natural oils and fats, coal, engineering, insurance

Subsidiary Companies: (100% owned unless stated): Fully consolidated companies:- Belgium: Etmofina; Fina; Labofina; Lievin; Petrochim (99.93%); Fina Marine; Eurocoal-Spiers; Synfina-Oleofina (99.99%); Sigma Coatings; CEAI; Sigma Resines; Fina Exploration Denmark; Petrofina International Group. Other Countries: Petrofina Holding Luxembourg (Luxembourg); Fina Luxembourg (Luxembourg); Deutsche Fina (Germany); Fina Bitumenwerk (Germany); Erdal Raffinerie Duisburg (Germany); Sigma Coatings (Germany); Protherm Fernwarme (Germany); Fina Exploration Norway (USA); Norkse Fina (Norway); Fina France (99.99%) (France); Carnot (France); Maritime Fina (France); Petronaphte (France); Sigma Coatings France (France); Nord-Chauffe (France); Petrofina UK (UK); Petrofina Refineries (UK); Sigma Coatings (UK); Hercock Simpson (UK); Fina Exploration (UK); Fina Chemicals (UK); Charterhouse Petroleum (UK); Energy Equipment (UK); Fina Nederland (Netherlands); Mafina (Netherlands); Sigma Coatings (Netherlands); Fina Aviation and Chemicals (Switzerland); Fina Iberica (Spain); Finapetro (Liechtenstein); Fina Italiana (Italy); Raffineria di Roma (57.5%) (Italy); Sigma Coatings (Italy); Fina Petroleos de Angola (67.11%) (la·ire); la·ire Fina (60%) (la·ire); la"irep (la·ire); Fina Exploration Gabon (Gabon); Fina Oil and Chemical (USA); American Petrofina Holding (USA); American Petrofina Exploration Company (USA); American Petrofina (84.53%) (USA); Petrofina Delaware (USA); Petrodel (USA); Brittany Holdings (Bermuda); Brittany Insurance (Bermuda); Diglame Finance (Bermuda). Companies Valued by Equity Method:Belgium: Amoco Fina (50%); Belgosoute (50%); Prodira (90%); SBGP (50%); SIBP (50%); Sogetrol Antwerpen; Autopneu Service (97%); Montefina (50%); Citax 2000 (90.93%); RAPL Belgium (27.78%); Lilachim (50%); Fina Exploration Tunisie; Continental Insurance Broker (27.5%); De Vogeleer; Motorway Service (95%); Sabra; Senec (94.5%); Sodelac (50%); City Parking; Savex (89.1%); Parts Trading Cy (89.1%); Leasinvest (16.67%); Offshore Europe (33.33%); Offshore Belgium (33.33%). Other Countries: Norsea Gas (30%) (Germany); Norsea Gas (30%) (Norway); Sopami (France); Solunor (25%) (France); Entrepots Petroliers Nancy (23.45%) (France); Entrepots Petroliers Regionaux (29.12%) (France); Norsea Pipe-Line (30%) (UK); Petrogaz Grace (50%) (Greece); Fina Hellas (Greece); Societe Franco-Portugaise (65.55%) (Liechtenstein); Fina Portuguesa (Portugal); Finalube (Italy); De Ba (26%) (Italy); FinafTotal Tunisie (50%) (Tunisia); Fina/BP Burundi (50%) (Burundi); SEP Burundi (53.92%) (Burundi); TFl (77.45%) (la·ire); Sep la"ire (36.6%) (la"ire); Sozatole (47.33%) (la·ire); Sofimmo (la·ire); FinafTotal Gabon (36%) (Gabon); BP/Fina Rwanda (50%) (Rwanda)


31.12.86 31.12.87

BF'OOO BF'OOO

Sales turnover 447,000,000 424,000,000

Profit before tax 29,380,000 24,618,000

Profit after tax 18,340,000 18,071,000

Retained profit 49,281,000 57,055,000

Dividends 8,707,000 8,447,000

Dividends per share 360BF 380BF

Earnings per share 1,011 BF 967BF

Share capital 33,771,000 33,806,000

Principal Shareholders: Petrofina personnel (9%); Societe Generale de Belgique Group (7.2%); Imperial Continetal Gas Association Group (6.6%); Bruxelles Lambert Group (1.1%); Electrafina (1.6%); Siderur (2%)


PHILLIPS PETROLEUM CHEMICALS NV Phillips Petroleum Chemicals NV ISA Brusselsesteenweg 355, B-1900 Overijse Tel: (02) 689 12 11 Cable: PHILPETROL Telex: 22197 PPCHEM B Telefax: (02) 689 1472

Board of Directors: J A Meintjes (Chairman)

PRINCIPAL ACTIVITIES: Trade in petrochemicals, plastics, specialty chemicals, catalysts, mining chemicals and drilling specialties

Trade Names: Marlex, Ryton, K-Resin, etc Parent Company: Phillips Petroleum Co., USA Principal Bankers: Morgan; SGB; KB; BBL; CITI; MHBB Financial Information:


21,000,000

Principal Shareholders: Phillips Petroleum International Investment Company


POL YSAR BELGIUM NV Canadastraat 21, Postbus 599, B-2730 Zwijndrecht Tel: (03) 252 15 11 Telex: 31698 polant b Telefax: (03) 252 44 33

Management: R Breyne (Directeur General)

PRINCIPAL ACTIVITIES: Production of synthetic rubber and compressed gases

Parent Company: Polysar Ltd, Canada Principal Bankers: BPPB; BBL Financial Information:

Sales turnover


PRAYON

BF'OOO 5,800,000

Societe Chimique Prayon-Rupel SA Joseph Wauters 144,4130 Engis Tel: (041) 751801 Cable: prayon-engis Telex: 41168 pray b Telefax: (041) 75 2716

Board of Directors: M Bouchat (Chairman), M EI Arfaoui, M Giboux, B Marchand, S M'Hamedi, A Rerhrhaye, P Rouxhet, F De Pauw (Societe d'investissement de Wallonie), R C Gregoire

Management: M Nicolay (General Manager), J Leroy (Deputy General Manager), A Flausch (Deputy General Manager)

PRINCIPAL ACTIVITIES: Manufacture of chemicals including acids, phosphates, sulphur and fertilisers


Sales turnover Profit before tax Profit after tax Retained profit Share capital Shareholders funds

31.12.86 BF'OOO

8,135,564 14,309 14,309 14,309

1,248,879 1,702,854

Principal Shareholders: SPG; OCP; SRIW No of Employees: 1,050

RHONE-POULENC CHEMIE NV Kuhlmannkaai 1, B-9020 Gent Tel: (091) 44.88.91 Telex: 11275 RPCHEM B Telefax: (091) 44.88.99

31.12.87 BF'OOO

8,764,722 193,177 193,177 193,177

1,290,000 1,939,692

21

BELGIUM Chairman: J P Talagrand Directors: F Reyntjens (Works Manager) Senior Executives: L De Vooght, J P Lanuit (Chef de la

Fabrication), Y Vervenne (Chef des Services Administratifs)

PRINCIPAL ACTIVITIES: Manufacture of chemical products (sulphuric acid, phosphoric acid, sodium tripolyphosphate, ammonium phosphate Mono and BI), carbon sulfide, sodium silicate

Parent Company: Rhone-Poulenc Subsidiary Companies: URFOS; RP-Invest Principal Bankers: Banque Generale; Indosuez; Credit Lyonnais;

Kredietbank; Noordkrediet Financial Information:


3,300,000

Principal Shareholders: RhOne-Poulenc Chimie; Rhone Poulenc SA


ROSSEEL NV L Coiseaukaai 21, B-8000 Brugge Tel: 050/34.14.34 Telex: 81332 rosbru b

Board of Directors: C Rosseel (President Directeur General)

PRINCIPAL ACTIVITIES: Trade in petroleum products Principal Bankers: Credit Lyonnais, Gent; Royal Bank of

Canada, Brussels Financial Information:

Sales turnover

No of Employees: 25

SADACEM SA Avenue de Broqueville 12, 1150 Bruxelles Tel: (2) 762.16.72 Cable: robur bruxelles Telex: 21624 robur b Telefax: (02) 762.26.90

BF'OOO 7,000,000

Board of Directors: R Novis (Chairman), F De Pauw (Executive Vice Chairman), M Delefortrie, L Bradfer, J van den Branden de Reeth, L Delestinne, G Botquin, F Debaene, M Saens, P Sheridan, L Thielemans, Y de Valensart Schoenmaeckers, Y du Parc Locmaria

PRINCIPAL ACTIVITIES: Division Sedema: chemical derivatives of manganese and copper. Division Sadaci: alloys and salts of molybdenum, vanadium etc

Parent Company: GECHEM SA (91%) SubSidiary Companies (100% owned unless otherwise stated):

Belgomang (50%); Ensagent; Veramtex (50%); EnsagriWillebroek; Chemetals Inc (USA); Cheminter (USA); G.C.M.C. (USA); Carbochim Holding Noord; Chimac-Agriphar; Azofilm: Associates Clopay Europe" ACE" (50%)

Principal Bankers: Royal Bank of Canada; Generale de Banque; Kredietbank; Paribas



14,000,000

Principal Shareholders: GECHEM (26.32% Direct, 64.52% Indirect)


SECA SA Societe Europeenne des Carburants Mechelsesteenweg 520, 1800 Vilvoorde Tel: (02) 254.15.11 Cable: Seca-Vilvoorde Telex: 23974 seca b Telefax: (02) 254.16.71

Board of Directors: K Bowden

BELGIUM Management: F Stenuit (Managing Director). Deputy Manging

Directors: R Caron, A Rillaerts, G Verhaeghe

PRINCIPAL ACTIVITIES: Wholesale and retail distribution of diesel and fuel oils, gasoline and compressed gases

Trade Names: Seca Parent Company: CONOCO Inc. Ultimate parent:- Du Pont (de

Nemours), Wilmington, Delaware, USA Subsidiary Companies: Secatecnic NV; Secanet NV; Promoco

SA; Petrex SA; Travel Assistance NV; Societe D'Expansion Charles Quint NV; Engineering Services

Principal Bankers: SGB; First National City Bank; BBL; KB; Caisse Privee


Sales turnover

Principal Shareholders: Conoco; Du Pont No of Employees: 160

SIBP Scheldelaan 16, 2030 Antwerpen Tel: (03) 5400511 Cable: Sobel petro Telex: 32533 sibp b Te/efax: (03) 5400500

BF'OOO 13,300,000

Board of Directors: L Van den Brande (Managing Director) Management: L Van den Brande (Managing Director), J

Brogniez (Assistant General Manager, Projects), J Decaluwe (ASSistant General Manager, Works), R Willemen (Assistant General Manager, Staff), G Van Praet (Manager, Accounts), J Wittemans (Manager, Materials)

Senior Executives: H Coenen, W Raemdonck

PRINCIPAL ACTIVITIES: Oil refinery Parent Company: The British Petroleum Co PLC, UK Financial Information:

Turnover BF'OOO

5,800,000

Principal Shareholders: Petrofina, Brussels; British Petroleum, London


SOCIETE CARBOCHIMIQUE SA See CARBOCHIMIQUE, SOCIETE, SA

SOCIETE DES MINES ET FONDERIES DE ZINC DE LA VIEILLE-MONTAGNE SA See VIEILLE-MONTAGNE, SOCIETE DES MINES ET FONDERIES DE ZINC DE LA, SA

SOCIETE GENERALE DE BELGIQUE SA Rue Royale 30, B-1000 Bruxelles Tel: 02/5171511 Cable: "Generale" Bruxelles Telex: 24697 GENBEL B

Governor: Rene Lamy; Vice Governor: Jacques van der Schueren

Directors: Philippe Cols, Vicomte Etienne Davignon, Baron de Fauconval, Baron Guy de Wouters, Marcel Goblet, Robert Novis, Pierre-Michel Oury, Pierre Pluys, Julien Van Hove, Reynald Moretus (Secretary)

Consultative Board: Valere Croes, Jozef De Jaegere, The Baron de Woot de Trixhe, Richard Gandibleux, Jean Gandois, Pierre Garny, Hartwig Geginat, Andre C Jacques, Herman Liebaers, Baron Paul Meyers, Roelof Nelissen, Roger Selschotter, Henri Simonet, Robert Stouthuysen, Emmanuel Tesch, Ivo Van Thielt, Paul Washer

PRINCIPAL ACTIVITIES: Holding company with interests in financial services, energy engineering, industrial contracting and technical services, electronics, telecommunications and media, non-ferrous metals, cement, diamond industry, chemicals, international trading

22

Subsidiary Companies: Companies in which the Societe Generale-Generale Maatschappij has a sizeable shareholding:- Financial Services:- Tanks Consolidated Investments "TCI" (UK); Generale International Finance, Luxembourg "GIF" (formerly Metalchim); Centre de Coordination "Generale" Coordinatiecentrum "Generale"; Sodecom; Generale de Banque-Generale Bank; Vlaamse Investeringsvennootschap "VIV"; Synerfi; Groupe AG; Royale Beige; Assubel-Vie; Compagnie Beige d' Assurance-Credit "COBAC". Energy-Engineering, Industrial Contracting and Technical Services-Electronics, Telecommunications and Media: Compagnies Reunies Electrobel et Tractionel "TRACTEBEL"-Verenigde Maatschappijen Electrobel en Tractionel "TRACTEBEL"; Compagnie Europeenne pour Ie Developpement Electrique et Electronique "CEDEE"; Electrafina. Belgatel; Havas. Non-Ferrous Metals: Union Miniere. Cement: Cimenteries CBR. Transport: CMB. Diamond Industry: Sibeka-Societe d'Entreprise et d'investissements. Chemicals GECHEM. International Trading: Generale Trading Cy. Financial: Sofina; Compagnie Financiere Europeene et d'Outre Mer "Finoutremer"; Compagnie Financiere de Suez; Belgamanches. Other shareholdings: Industrial or Services: ARBED (Luxembourg); Compagnie d'Entreprises CFE; Compagnie Generale d'Electricite "CGE" (France). Fabrique Nationale Herstal "FN"; Compagnie Immobiliere de Belgique; PEBEL TEC Cimenteries CBR Cementbedrijven. Transport: CMB. International Trading: Generale Trading Cy (formerly Laura & Vereeniging) (Netherlands). Other Holdings:- Holdings of a Financial nature: Compagnie Financiere Europeenne et d'Outre-Mer "Finoutremer"; Sofina. Holdings of an Industrial or Service nature: ARBED (Luxembourg); Constructions Ferroviaires et Metalliques "BN" Spoorwegmaterieel en Metaalconstructies "BN"; Compagnie Fran.;;ois d'Entreprises CFEAannemingsmaatschappij Fran.;;ois CFE; Fabrique Nationale Herstal "FN"; Compagnie Immobiliere de Belgique-Immobilian Vennootschap van Belgia; PABEL TEC (formerly Papeteries de Belgique-Papierfabrieken van Belgia)

Principal Bankers: Generale de Banque; Banque Beige Limited; Generale de Banque Beige (France); Banque Generale du Luxembourg

Financial Information: Consolidated figures 31.12.86 31 .12.87

BF'OOO BF'OOO Turnover 341,011,900 336,803,700 Profit before tax 6,276,000 6,492,500 Profit after tax 4,220,300 4,261,200 Dividends 3,816,389 3,980,937 Dividends per ord share net 110BF 115BF Dividends per AFV share net 20.98BF Share capital 30,100,000 35,254,300 Capital and reserves 187,391 203,587,600 Total assets 523,029,300 562,371

Principal Shareholders: Group Royale Beige (3.16%); Group Assurances Generales (3.01 %); Group Assubel (1.01 %)


SOLVAY & CIE SA Rue du Prince Albert 33, B-1050 Brussels Tel: (02) 516.61.11 Cable: Solvayco Brussels Telex: 21337 solv b Telefax: (02) 516.66.17

Board of Directors: Jacques Solvay (Chairman), Baron Daniel Janssen, Paul Washer, Claude Loutrel, Albert Rampelberg, Jean-Jacques Van de Berg, Viscount Ie Hardij de Beaulieu, Pierre Casimir-Lambert, Yves Boal, Andre Ganshof van der Mersch, Lord Ezra, Baron Hubert de Wangen, Viscount Etienne Davignon, Hilmar Kopper, Count Boal (Honorary Chairman)

Executive Committee: Baron Daniel Janssen (Chairman), Claude Loutrel, Albert Rampelberg, Jean-Jacques Van de Berg

Senior Executives: Jacques Levy Morelle (Legal Department and General Secretariat), Pierre Weekers (Central Personnel Management), Robert Friesewinkel (Central Financial Management). Gilbert Coron (Central Technical Management), Jean Christiaens (Central "Alkalis, Chlorine and Derivatives" Management), Marc Duhem (Central "Peroxygen Chemicals" Management), Auguste Gosselin (Central "Petrochemicals" Management). Aloi's Michielsen (Central "Plastics Processing" Management), Alfred Hoffait (Central Research Management), Pierre De Bruecker, (Corporate Planning). Herman Geuens (Central Pharmaceuticals Management), Georges Theys (Central Information Systems Management)

PRINCIPAL ACTIVITIES: Alkalis and derivatives, salt and calcium products, chlorine and derivatives, peroxygen products, plastics, plastics processing, specialities, human and animal health

Trade Names: Bi-Ex, Special IG, Tristabil, Tavoxene, Perstabil, Soltene, Solvethane, Propulsol, Socal, Eltex, Solvic, Eltex P, Ixan, Solef, Ixol, Capa, Organit, Solclip, Buflon, Venilia, Venipak, Cimsec, Brander, Vicril, Axal, Cloritane, Norex, Xylamon, Bravadur, Xyladecor, Kaltron, Strapan, Nyref, Benvic, Naoca, Regenia, Acuapur, Caso, Socal, Solvethane UF, Oxyper, Ixper, Proxytane, Benvic, Fortiflex, Fortilene, Clarene, Ixef, Bactospeine, Bactimos

Consolidated Companies: BELGIUM: Solvic & Cie S.N.C.; Mutuelle Solvay S.C.S.; Interox SA; Plavina & Cie S.N.C.; Duphar & Cie S.N.C.; Venilia & Cie S.N.C.; Draka Polva & Cie S.N.C.; Solvay-Coordination Internationale des Credits Commerciaux SA; Entreprise et Gestion Immobilieres "Egimo" SA NETHERLANDS: Duphar B.V.; Solvay Chemie B.V.; Plavina Benelux B.v.; Boekelo Folien B.V.; Interox Chemie B.V.; Solvay Finance B.V.; Interox Holding B.V.; Draka Polva B.V.; Sodufa BV; Duphar Nederland B.V. FRANCE: Societe Industrielle et Salines de Bayonne SA; Soplachim; Griffine-Marechal SA; Etablissements Leon Clement SA; Expanchim SA; Sipar SA; Specialites pour I'Etretien, la Preservation et I'Amelioration des MateriauxSepam SA; Representation et Produits Chimiques RPC SARL; Laboratoires de Therapeutique Moderne L.T.M. SA; Laboratoires Duphar & Cie SNC; Interox Chimie SA; AlkorMarechal S.a.r.i.; Institut Bacteriologique de Tours-Prochimex SA; Barytine de Chaillac SA; Societe de Transformation des Matieres Plastiques STMP SA; Salines Cerebos et de Bayonne "SCB" G.I.E. ITALY: Caleppiovinil S.p.A.; Societa Bario e Derivati S.p.A.; Interox Chimica S.p.A.; Nespak S.p.A., Societs Generale per I'lmballaggio; Adriaplast S.p.A.; GOR Applicazioni Speciali S.p.A.; Societa Elettrochimica Solfuri e Clorderivati SpA. WEST GERMANY: Deutsche Solvay-Werke GmbH; Kali-Chemie AG; Desowag Chemie GmbH; Kohlensiiurewerk Deutschland GmbH; Desowag Materialschutz GmbH; Giulini Pharma GmbH; Peroxid-Chemie GmbH + Co Vertriebsgesellschaft; Venila Verwaltungsgesellschaft mbH; Salzgewinnungsgesellschaft Westfalen mbH; Peroxid-Chemie GmbH; Venilia Vertriebsgesellschaft mbH; Draka Polva Folien GmbH; KaliChemie Pharma GmbH; Lyssia GmbH; Berka Speditions-und Schiffahrtsgesellschaft mbH; Alkor Holding Karl Lissmann Gmbh; Alkor GmbH Kunststoffe; Alkor Markenhandels GmbH; Mohr GmbH & Co KG; Duphar Pharma GmbH & Co KG. SPAIN: Hispavic Industrial SA; Interox Quimica SA; Sociedad General de Hules SA; Kali-Chemie Iberia SA; Viniclor SA; Kalifarma SA; Gorvi SA; Mitosa - Minas de Torrelavega SA; Tureplastica SA; Manhusa-Manufacturas des Hules SA; Tubos Saenger SA; SWITZERLAND: Solvay Schweiz; Sporic AG; Ingetra AG; Soltraco AG. PORTUGAL: Solvay Portugal; Produtos Quimicos SA; Interox Portuguesa Produtos Quimicos Lda. AUSTRIA: Halvic Kunststoffwerke GmbH; Solvay Osterreich GmbH; Commenda Warenhandelsgesellschaft mbH; Commend a Baustoffhandelsgesellschaft mbH; Tekum GmbH. UK: Interox Chemicals Ltd; Solvay UK Holding Cy Ltd; Alkor Plastics Ltd; Duphar Ltd; Duphar Laboratories Ltd; Peboc Ltd. USA: Solvay America Inc; Solvay Veterinary Inc; Hedwin

23

BELGIUM Corporation; Soltex Polymer Corporation; Soltex Petrochemicals Inc.; Soltex Peroxygen Inc.; Interox America; Salsbury Laboratories Inc.; Kalipharma Inc.; Fromm Laboratories Inc; Duphar Nutrition Inc; Kali-Chemie Corporation; Reid Rowell Inc; Kali-Duphar Inc; Solvay Pharmaceuticals Inc. BRAZIL: Industrias Brasileiras Alcalinas SA IBASA; InduStrias Quimicas Eletro Cloro SA "Elclor". SWEDEN: Solvay Svenska A.B. JAPAN: Nippon Solvay Co Ltd; Solvay Development Co Ltd; Solvay-Marubeni Chemicals Co Ltd. HONG KONG: Solvay Hong Kong Ltd. SINGAPORE: Solvay (S.E.A.) Pte Ltd. CANADA: Interox Canada Inc. AUSTRALIA: Interox Chemicals Pty Ltd. BERMUDA: Solvay Finance (Bermuda) Ltd

Principal Bankers: Societe Generale de Banque; Banque Bruxelles Lambert; Kredietbank; Deutsche Bank AG; Lazard Freres et Cie; Mutuelle Industrielle; CL; CIC; BNP; Schroder Wagg; Spafid; Banque Generale du Luxembourg; Algemene Bank Nederland; Credit Suisse

Financial Information: Consolidated figures 31.12.86

BF'OOO Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds Total assets 'plus one free share

Principal Shareholder: Solvac SA No of Employees: 44,957

SOLVIC & CIE SNC

216,313,000 18,497,000 9,931,000 5,092,000 3,413,000

335BF 1,113BF

12,000,000 60,437,000

182,006,000

Rue Prince Albert 44, B-1050 Bruxelles Tel: 02/516.61.11 Telex: 21337 solv b Telefax: 02/516.66.24

31.12.87 BF'OOO

223,602,000 21,902.000 12,166,000 6,873,000 3,838,000

370BF' 1,377BF

12,000,000 62,340,000

198,610,000

Board of Directors: Solvay & Cie (Associe-Gerant) Senior Executives.' F Boomans (Fonde de Pouvoir), G

Ransbotyn (Directeur Commercial)

PRINCIPAL ACTIVITIES: Manufacture of a range of industrial chemicals, petrochemicals, synthetic resins, plastics and elastomers

Trade Names: SOLVIC, BENVIC, EL TEX, ELTEX P, SOLEF, IXAN, IXOL, CLARENE, IXEF, NYREF, PRIMEF, VIDAR, CAPA

Parent Company: Solvay & Cie, Brussels Principal Bankers.' Generale de Banque Financial Information:

31.12.87 BF'OOO

Sales turnover 1,730,420 Profit before tax 138,057 Profit after tax 138,710 Retained profit 215 Dividends 140,000 Dividends per share 70BF Earnings per share 69BF Share capital 1,200,000 Shareholders funds 1,209,305

Principal Shareholders: Solvay & Cie SA No of Employees: 350

SOPAR SA 29 Rue Ducale, B-1000 Bruxelles Tel: (02) 511.58.66 Telex: 21413

31.12.88 BF'OOO

1,835,757 155,539 156,380

43 156,400

78BF 78BF

1,200,000 1.204,588

Management Board: J J-B F Collard (Administrateur DelegUl3), H Braet, F Gerard

BELGIUM PRINCIPAL ACTIVITIES: Manufacture of organic chemical

products


Sales turnover


BF'OOO

3,300,000

SUCCURSALE BELGE MOBIL PLASTICS EUROPE INC See MOBIL, SUCCURSALE BELGE, PLASTICS EUROPE INC

TENSIA SA Avenue des Tilleuls 62, 4000 Liege

Tel: (041) 52.70.90

Telex: 41368 tenlg b

General Manager: A Lemaire

Directors: T Deakin, D Dunstone, R Goddard, G Jones

Senior Executives: P Berthe, B Seressia, T Verdier

PRINCIPAL ACTIVITIES: Manufacture of cosmetics, shampoos, toilet water; manufacture of all types of soaps, household cleansers and detergents

Trade Names: Carolin, Brio, D'Or, Dermactif

Parent Company: BP NV, Antwerp

Subsidiary Companies: Tensia SA (France)

Principal Bankers: BBL; SGB; KB; Banque de Paris et des Pays-Bas; Banque Nagelmackers


Sales turnover

Principal Shareholders: BP NV, Antwerp


TESSENDERLO CHEMIE SA Square de Meeusl, 1040 Bruxelles

Tel: 519.18.11

Cable: Prochibour -Bruxelles

Telex: 23610 prdim b

Telefax: 513.55.80

BF'OOO

2,800,000

Board of Directors: G Marchand (President), L Gysemans (Managing Director), M Bourges-Maunoury, B Denis, R Greif, A Leysen, J Martin, P Meyers, A Piessevaux, C Paoli, A Vie rick, R Vanes

Management: L Gouin (Managing Director), G Vos (Financial Manager), H Evan Tichelen (General Secretary), H Bernard (Operations Manager), C Ide (Personnel Manager), B Linard (General Manager Gelatine), L van Roey (Technical Manager), E Geysen (Technical Manager)

PRINCIPAL ACTIVITIES: Production of chemicals and fertilizers including, oleum, sulphuric acid, chlorhydric acid, sodium sulphate, potassium sulphate, superphosphate, chlorine, dicalcium phosphate, monocalcium phosphate, osseim, gelatin, phenylchloroform, benzyl chloride, glycine and derivatives

Trade Names: Aliphos, Fertiphos

Parent Company: EMC-Belgique (54%)

Subsidiary Companies: PB Gelatins GmbH; Ste Artesienne de Vinyle; Ste Limbourgeoise du Vinyle (LVM); PB Gelatins UK; Ets Caillaud; Chemielim Aliphos SA; Cofipar

Principal Bankers: Societe Generale de Banque; Banque de Paris et des Pays-Bas; Kredietbank; Banque BruxellesLambert

24


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share net Dividends per AFV share net Share capital Shareholders funds


1986 BF'OOO

18,650,000 2,302,000 1,259,877

759,000 488,299

150BF 221BF

3,600,000 7,025,000

TEXACO BELGIUM NV SA Avenue Louise 149, 1050 Brussels Tel: (02) 536.91.11 Cable: Texacobelg Telex: 22629 Texacobelg Bru Telefax: (02) 537.82.80

President: John J Goossens

1987 BF'OOO

17,198,870 2,489,304 1,451,391

919,914 518,068

160BF 228.67BF 3,600,000 7,917,096

Directors: J J Goossens, W L Berry, R G Brinkman, A J Dalessio, P B Hicks Jr, W Bernitt

PRINCIPAL ACTIVITIES: Marketing of petroleum products including fuels, lubricants, petro-chemicals and additives

Trade Names: Texaco, Havoline, Dieseltex, Eurotex Parent Company: Texaco Inc USA Principal Bankers: Kredietbank; Banque Bruxelles Lambert;

Generale de Banque Financial Information:

Sales turnover (Loss) before tax (Loss) after tax Share capital Shareholders funds

1986 BF'OOO

17,908,922 (1,601,519) (1,601,699) 13,777,801 8,005,079

Principal Shareholders: SA Texaco Petroleum NV No of Employees: 331

UCB Avenue Louise 326, 1050 Brussels Tel: (02) 641.14.11 Cable: Chemistry Brussels Telex: 21 .280; 25669 ucb b Telefax: 640.98.60

Executive Committee: G Jacobs (Chairman)

1987 BF'OOO

18,212,561 (820,947) (820,947)

13,777,801 7,183,567

Board of Directors: A Jaumotte (Chairman), D Janssen (Deputy Chairman), P E Maes (Deputy Chairman), Mme A Janssen, E Janssen, A Jubert, G Keutgen, Comtesse D du Monceau de Bergendal, Ph Saverijs, G Jacobs

PRINCIPAL ACTIVITIES: Ethical drugs; chemicals and speciality chemicals; flexible and transparent film (cellulose and plastic)

Parent Company: SA UCB NV Subsidiary/Associated Companies: (100% owned unless stated):

SA Nouvelle Societe Synco N.V.; N.V. Sparo Papierwarenfabriek (Netherlands); Strabo Verpakkingen N.V. (Netherlands); UCB (Investments) Ltd (UK); British Sidac Ltd (UK); British Rayophane (Overseas) Ltd (UK); T & R Graham Ltd (UK); Pakcel Ltd (UK); Sidex Ltd (UK); S.P.S. Design Associates Ltd (UK); British Rayophane Ltd (UK); Viking Trading Co. Ltd . (UK); UCB Sidac Nederland N.V. , (97.67%) (Netherlands); SA Induflex N.V.; S.A. UCB-Ftal N.v.; S.A. Vel N.V.; S.A. Sarva-Syntex (35%); S.A. Bios-Coutelier N.v.; Laboratoires UCB S.A. (France); Laboratori UCB S.p.A. (Italy); UCB Pharma AB (Sweden); UCB Pharma OY (Finland); UCBPharma AG (Switzerland); UCB (Produtos Farmaceuticos) Lda (Portugal); Laboratorios UCB SA (Spain); Societe Financiere UCB S.A.H. (Luxembourg); Wynlit Pharmaceuticals Trust Reg. (Liechtenstein); Societe Commercia Ie UCB SA (France); UCB Chemie GmbH (West Germany); Skandinavisk Belgisk Kemi

A/S (Denmark); UCB Chemicals Corp (80%) (USA); Radcure Specialities Inc (USA); La Cellophane Espanola (Spain); UCB SA (Pty) Ltd (South Africa); UCB (Thailand) Ltd (49%) (Thailand); Sunkyong-UCB Co Ltd (50%) (Korea); Rayophane (Australia) Pty Ltd (Australia); Medical Industries Inc (USA); Daicel-UCB Company Ltd (55%) (Japan)


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per ordinary share Dividends per AFV share Earnings per share Share capital Shareholders funds

31.12.86 BF'OOO

29,455,000 1,715,000 1,303,000 6,562,000

457,000 210BF

373.34BF 716BF

1,419,000 9,059,000

31.12.87 BF'OOO

32,659,000 1,659,000 1,348,000 7,960,000

495,000 230BF 388BF 725BF

1,435,890 10,482,000

Principal Shareholders: Financiere d'Obourg SA; Financiere de Tubize SA; Financiere d'Ostende; Banque de Luxembourg


UC8-FTAL SA 326 Avenue Louise, 1050 Bruxelles Tel: (02) 6431411 Telex: 21280 Telefax: 32 26409802

PRINCIPAL ACTIVITIES: Production of intermediate chemicals, fine chemicals, specialty chemicals, paints and varnishes

Parent Company: UCB SA Financial Information:


4,480,000

VIEILLE-MONTAGNE, SOCIETE DES MINES ET FONDERIES DE ZINC DE LA, SA B-4900 Liege-Angleur Tel: (041) 65.38.00 Cable: Vieilmont Angleur Telex: 41256 Telefax: (041) 65.38.00/271

Board of Directors: Michel Bouchat (President), Gerard Munera (Vice President), Jean Andre (Administrateur), Guy de Cordes (Administrateur), Fran~ois Grappotte (Administrateur), Charles Lejeune (Administrateur), Noel Masson (Administrateurdirecteur general), Philippe Nagelmackers (Administrateur), Ferdinand Crabeels (Administrateur)

Management Board: Noel Masson (Administrateur Directeur General), Ferdinand Crabeels (Administrateur-Directeur)

PRINCIPAL ACTIVITIES: Mining and refining of zinc; chemicals; engineering

Subsidiary/Associated Companies: (100% owned unless stated): Altenberg Metallwerke AG (Germany); Gewerkschaft Silberkaule GmbH (98%) (Germany); Societe de Valentin-Cocq SOVALCOMA SA (99.97%); Vieille-Montagne Services & Finance SA (99.98%); ASYBEL (28.74%); MECHIM SA (16%); Vieille-Montagne France SA (99.99%) (France); ELFOR SA (39.87%) (France); Fiduciaire de Blancs de Zinc de la Mediterranee SA (49.99%) (France); Societe des Produits Chimiques de Viviez SA (99.99%); Sopave SA (72.47%); Vieille-Montagne International SA (99.99%) (Luzembourg); Koninklijke Maastrichtsche Zinkwit-Maatschappij NV (63.83%) (Netherlands); Compagnie Beige d'Assurance-Credit SA (1.18%); Averbaie SA (22.53%) (France); Isotip SA (28.95%) (France); Societe Miniere du Djebel Auoam SA (33.33%) (Morocco); Holding Minier Marocain (Ho.MLMa.) SA (1.29%) (Morocco)

25


Sales turnover (Loss) before tax (Loss) after tax Retained (loss) Share capital


BELGIUM

31.12.86 BF'OOO

16,341,692 (208,801) (198,158) (410,790)

2,025,000

31.12.87 BF'OOO

9,318,050 (2,617,585) (2,611,399) (3,316,310) 2,025,000

BELGIUM

26

Major Companies o·f DENMARK

27

BERENDSEN,SOPHUS,A/S 1 Klausdalsbrovej, DK-2860 S0borg Tel: (01)698500 Cable: Berendsen Telex: 22 285 sobeas dk Fax: (01) 69 73 00

Chairman: Ebbe J B Christensen Management Board: Hans Werdelin (Managing), Joergen Ajslev Deputy Directors: Ole Balle, Nick Elsass, Mrs Kirsten Andersen,

Mrs Karen H0jgaard

PRINCIPAL ACTIVITIES: Parent company of a group whose subsidiaries cover light-engineering, commerce, industry and service

Subsidiary Companies: Engineering and Trading Activities:Sophus Berendsen A/S-Engineering Department*; Viggo Petersen, Maskin-og Ingeni0rfirma A/S (Sophus Berendsen A/S)*; Islef+Hagen A/S (Sophus Berendsen A/S)*; GRI Europe A/S; E. Friis-Mikkelsen A/S; E.O. Farstrup A/S; Transmotor A/S PRC Components A/S; Sophus Berendsen Marine A/S; Landis & Gyr A/S; Atlas-Abemi A/S (Norway); Ingeni0rforretningen Atlas A/S (Norway); Atlas-Spong Hydraulic A/S (Norway); AB Abemi (Sweden); AB Ingeniorsfirman Titan (Sweden); Titan Cement AB (Sweden); Abemi OY AB (Finland); Hydrowa BV (Netherlands); Sweetland Corporation (USA). Paul-Munroe Hydraulics Inc (USA). Data and Informatics:-Berendsen Data A/S (Sophus Berendsen A/S)"; Berendsen Computer Products A/S (Sophus Berendsen A/S)*; Computer Forum A/S (Sophus Berendsen A/S)"; Berendsen Cad A/S; SC Metric A/S*; Uniware Danmark A/S (SC Metric A/S); Atlas Informatik A/S (Norway); Atlas Audio-Vision A/S (Norway); Berendsen Computer Products A/S (Norway); Berendsen Computer Products B.V. (Netherlands); Berendsen Computer Products BVBA (Belgium). Agricultural Industry:- Jesma-Matador A/S; Matador Inc (USA). Textile Rental:- Dehn-Fix Linned Service A/S. Environmental Services and Property Care:- Rentokil Group PLC (UK) subsidiaries in 36 countries. Agricultural Industry: Jesma-Matador A/S; Matador Inc (USA) *Departments and Registered Departments

Principal Bankers: Den Danske Bank af 1871 A/S Financial Information:

31.12.86 DKr'OOO

Sales turnover 3,039,542 Profit before tax 383,094 Profit after tax 238,787 Retained profit 104,971 Dividends 40,900 Dividends per share 17.5% Earnings per share 81DKr Share capital 233,717 Shareholders funds 834,766

31.12.87 DKr'OOO

3,264,619 417,815 251,334

91,728 41,036 17.5% 58DKr

234,491 864,592

Principal Shareholders: Mr Adam Elsass; Miss Helene Elsass No of Employees: 10,500

CHEMINOVA A/S PO Box 9, DK-7620 Lemvig Tel: (07) 83 41 00 Cable: Cheminova-Lemvig Telex: 66514 chemv dk

Chairman: J0rgen Pedersen Directors: Arne V Jensen, Erling Kier, Henrik K Henriksen Senior Executives: Vilhelm Bang, (Director, Engineering and

Construction), Benny Nielsen (Director, Accounts and Credits), Hans Rasmussen (Director, Development and ResearCh), Per Rasmussen (Director, Production), Bj0rn Albinus (Manager, Market Development), Kurt Aabo (Manager, Information), Willy Lauth (Manager, Purchasing), Ole Pipper (Manager, Production)

PRINCIPAL ACTIVITIES: Chemical manufacture of degradable pesticides and chemical intermediates

29

DENMARK Trade Names: A/S Cheminova Principal Bankers: A/S Kj0benhavns Handelsbank Financial Information:


31.12.86 DKr'OOO 991,365 167,538 90,538

8% 127,500

31.12.87 DKr'OOO

1,003,531 168,142 102,692

8% 127.500

Principal Shareholders: Research Foundation of Aarhus University


DANSK LANDBRUGS GROVVARESELSKAB AMBA

Danish Co-operative Farm Supply Ltd

DLG Axelborg, Vesterbrogade 4A, DK-1503 Copenhagen V Tel: (01) 15 11 13 Telex: 22968 dig dk Telefax: (01) 15 13 56

Board of Directors: Martin Nielsen (Chairman), Niels Skadhauge, Poul Frandsen, J0rger Halkjrer, J0rgen H0eghAndersern, Thomas Kjrer, Gavers S0nderby, Kjeld Petersen. Aage Nielsen

Management: Bent M Hansen (President), Flemming Rasmussen (Executive Vice-President)

PRINCIPAL ACTIVITIES: Grain, feedstuffs, fertilizers, chemicals and machinery; import, exports, wholesale and retail

Subsidiary/Associated Companies: Qvade & Co A/S; Andelsmaskiner A/S; Foreign Company; Esbjerg Kemikaliefabrik A/S; Dagri A/S; Dan-Kalk A/S; Indk0bsselskabet for Kali A/S

Principal Bankers: Andelsbanken AfS; Den Danske Bank A/S Financial Information:

Group turnover

Principal Shareholders: Farmers No of Employees: 2,253

DANSK OLiEFORSYNING A/S Agern Aile 24-26, 2970 H0rsholm Tel: 02571022 Telex: 39144 oilgas dk

DKr'OOO 7.800.000

Board of Directors: Holger Lavesen (Chairman). J0rgen Ancher H0Y (Chief Executive Officer)

PRINCIPAL ACTIVITIES: Wholesale trade in oil and related products

Parent Company: Dansk Olie & Naturgas A/S Financial Information:

Sales turnover Profit (loss) before tax

No of Employees: 10

DANSK SHELL (AS)

31.12.86 DK'OOO

1,515,000 112,800

Kampmannsgade 2, 1604 Copenhagen V Tel: +451-125340 Telex: 22242 shell dk Telefax: +45 1-15 39 12

31.12.87 DK'OOO

1.564.000 (820,000)

Supervisory Board: Greve Flemming af Rosenborg (Chairman) Management Board: H I Berresford, H Hven, P Hansen, A

Jamieson

PRINCIPAL ACTIVITIES: Import and refining of crude oil and distribution of oil products

Parent Company: The Shell Petroleum Company Ltd

DENMARK Subsidiary Companies: Colas Vejmateriale A/S; Dansk

Styropack A/S; K Balling-Engelsen A/S; Shell Farm A/S; 10 Shell Centres; Ekvidan A/S; A/S Shell Service; Metax-Olie A/S; Shell Handel A/S; Hovedstadens Kulimport A/S

Principal Bankers: Privatbanken A/S


Turnover excl. VAT

Profit before tax

Profit after tax

Dividends

Share capital

Shareholders funds

31.12.86

DKr'OOO

5,882,076

375,172

189,161

150,000

250,250

1,313,676

No of Employees: 735 Company, 2,742 Group

DANSK SOJAKAGEFABRIK APS

OS Industries

Danish Soya cake Factory (Pvt) Ltd Islands Brygge 24, 2300 K0benhavn S

Tel: (01) 54 66 00

Cable: Sojakage

Telex: 31313 dasoy dk

31.12.87

Dkr'OOO

5,802,837

366,914

206,283

150,000

250,250

1,359,841

Board of Directors: 0 F Andreasen (Chairman), F Moener

PRINCIPAL ACTIVITIES: Refined, hydrogenated vegetable and animal oils and fats, feedstuff, fatty acids, ester products, chlorine and alkali products, coffee, tea, rice etc

Parent Company: The East Asiatic Company Limited, Copenhagen (100%)

Subsidiary Companies: ApS Fabriken Noma; Wickhen-DS Industries Ltd ApS; Edelfettwerke-DS Industrie ApS

Principal Bankers: Den Danske Bank; Hambros Bank Ltd; Scandinavian Bank Ltd; M M Warburg-Brinckmann; Wirtz & Co; Bank Mees & Hope NV


Sales turnover


DKr'OOO

653,000

DANSKE SPRITFABRIKKER AtS (DE) Raffinaderivej 10, 2300 Copenhagen S

Tel: (01) 57 11 80

Cable: SPRIT

Telex: 31301 SPRIT

Facsimile: (c) 1543669

Board of Directors: S T Langebalk (Chairman), P Heegaard, A Petersen, H-H Nehammer

Senior Executives: H Andersen, K Friis-Hansen, J J Madsen, K J Rosen, E Nilsson, E Kirketerp-Moelier, E Juul-Mortensen, E Wester S0rensen, M Svitzer

PRINCIPAL ACTIVITIES: Manufacture of yeast, crisps, snacks; akvavit, bitters and other spirits; agents for cognac, whiskies and foreign liqueurs; ethyl alcohol

Trade Names: Aalborg Taffel Akvavit, Aalborg Jubilaeums Akvavit, Gammel Dansk Bitter Dram, Maltese Cross Yeast

Subsidiary/Associated Companies: (100% owned unless stated): Biihnckes Delikatessefabrikker A/S; Better Brands Ltd A/S; Skaelsk0r Frugtplanlage A/S (47%); Havneml'llilerne Fredericia-Odense-K0benhavn A/S (50%); Vendelbo Konserves A/S (40%); DDSF Berlin GmbH (Germany); Danish Fast Food Products GmbH & Co KG (50%) (Germany); Danstar Ferment A/S (50%)

Principal Bankers: Privatbanken

30

Financial Information: Group figures 31 .12.86 DKr'OOO

Group turnover 2,027,904 Profit before tax 138,701 Profit after tax 79,626 Retained profit 54,891 Dividends 17,000 Share capital 101,000 Total equity capital 588,804

31 .12.87 DKr'OOO

2,126,632 157,076 109,256 90,147 17,170

101 ,000 569,782

No of Employees: 312 (Parent Company); 1,443 (Group)

DUMEX AtS (DUMEX LTD) Prags Boulevard 37, 2300 K0benhavn S Tel: (01) 54 45 00 Cable: Dumex Telex: 31202 dumex dk Telefax: (01) 54 89 36

Board of Directors: Einar W Sissener (Chairman), Niels H S0by, Elsebeth Knudsen, Astrid Spillum, Roald Jl'Iltun, 0 F Andreasen, Ole E Larsen, J0rgen Worning, I Roy Cohen, Oscar W Kaalstad, Per R0nsted, F BOg0 Jensen

Management: J0rgen Worning, B0rge Nebel, Nils Johannesson, Ernst Lunding

Senior Executives: Gerner Vejrup, Claus Anders Nielsen

PRINCIPAL ACTIVITIES: Production of pharmaceutical specialities and fermentation of antibiotics

Parent Company: A. L. Laboratories Inc, New Jersey, USA Subsidiary Companies: Dumex Liikemedal AB (Sweden); Oy

Dumex AB (Finland); Dumex BV (Netherlands); P. T. Dumex (75%) (Indonesia); Dumex GmbH (Germany); Dumex AG (Switzerland)

Principal Bankers: Den Danske Bank Financial Information: Group figures

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders equity

No of Employees: 849 (Group)

31.12.86 DKr'OOO 603,674 35,668 22,302

8,417 10,000 20DKr

52.3DKr 50,000

175,177

31.12.87 DKr'OOO 564,451 35,341 18,417 8,417

10,000 20DKr

51.8DKr 50,000

180,028

EAST ASIATIC COMPANY LTD AtS (THE) (AtS DET 0STASIATISKE KOMPAGNI) 2 Holbergsgade, DK-1099 K0benhavn K Tel: (01) 11 8300 Cable: Pyramide Telex: 12.100 EACKH DK Telefax: (01) 12 37 00

Board of Directors: T W Schmith (Chairman), Otto F Andreasen (Vice-Chairman), J A Hansen, P Hjelt, H 0 A Kjeldsen, A L Korsberg, E Kristiansen, H Peetz-Larsen, H H Spars0, J Thorsen, S Thostrup V Bentsen, E Boegh Christensen, J Rytter

Executive Board: H H Spars0, (Presiding Managing Director), J A Hansen (Managing Director), F Hasle (Managing Director)

Senior Executives: General Managers:- K Stock Andresen, Ib Henry Hansen, Hans P Holst, Bent K Kierkegaard, Sv. Aa. Larsen, A Holst Larsen, Jan H Laursen, C Dencker Nielsen, Flemming Marcher, Erik Petersen. PubliC Relations Manager:Claus Arboe-Rasmussen. Assistant General Managers:- G A Engelmann, J E Lertoft, N-E Lockenwitz, Chr G Lund, 0 J Mohrsen, Knud Fejerskov, Hans Christen Jensen, Peer C Bardenfleth-Hansen, Svend Aage M0nsted, Hans Christian Sl'Ilrensen, K R Thomsen, J Selsmark, N-E Olsen

PRINCIPAL ACTIVITIES: The Group is divided into seven divisons, each of which is responsible for a defined product area. Graphics Division: The division distributes and markets equipment and products for the graphics industry internationally. Informatics Division: The division is engaged in marketing, distribution and maintenance of equipment and systems including computers and word processing systems -as well as software, network and programming tools. Trading Division: The division handles timber, timber products, wool, commodities and machinery and is also actively engaged in projects business. Consumer Products Division: The division handles the consumer products business outside the Plumrose sphere of interest. Activities include marketing and distribution of products manufactured by companies within the EAC Group or handled on an agency basis. In addition to consumer products, an extensive business in chemicals and paints falls within the province of the division. Plumrose Division: Food products manufactured at own factories and under licence agreements are marketed under the "Plum rose" brand in more than 100 countries. The division is engaged in the production, marketing and distribution of meat products, cheese, yoghurt, seafood, marmalade, herbs, tomato products and pasta. Transport Division: The division is engaged in international transportation by sea, land and air. The operations include transport in containers - with all the activities related to a container transport network - productand bulk carriers as well as chartering of and trading in ships. Energy and Property Division: The division is responsible for the Group's involvement in the hydrocarbon sector and also includes a number of subsidiaries within the chemical and synthetics industry

Subsidiary Companies: (100% owned unless stated): Subsubsidiaries and associated companies owned by subsidiary companies are not shown): North-and Central America: EAC USA Inc (USA): Dan Merchant Ltd (Bahama); EAC Lines Trans Pacific Service Ltd (51.5%) (Bahama); Forest Merchant Ltd (49%) (Bahama); Nor Merchant Ltd (49%) (Bahama); Forest Product Carriers (International) Ltd (50%) (Cayman Islands); Rubicon Tankers Ltd (50.1 %) (Bahama); Meonia Insurance Brokers Ltd (Cayman Islands); FAC Investments (Cayman Islands); Selandia Insurance Company Ltd (Cayman Islands). South America: Este Asiatico Comercio e Industria Ltda (Brazil): Industria Envasadora Nacional CA (70%) (Venezuela): Inmobiliaria Titicaca CA (70%) (Venezuela); Cia Metalurgica Bera de Colombia (Columbia); Fundicion de Metales Bera del Peru SA (34.7%) (Peru); Bera de Venezuela SA (Venezuela). Europe: Allfreight lIS (63%) (Denmark); Bera Corporation AIS (44.6%) (Denmark); Bloch & Behrens ApS (Denmark); Cavalet ApS (Denmark); CompuDan ApS (Denmark); Cornelder's Scheepvaart Maatschappij BV (20%) (Netherlands); OS Industries ApS (Denmark); Danish Freeze Drying Ltd (Denmark); EAC Data Ltd (OK) (Denmark); Det 0stasiatiske Kompagnis Ejendomsselskab ApS (Denmark); EAC Assurance Agentur ApS (Denmark); EAC Energy AIS (Denmark); The East Asiatic Company (Korea) Ltd ApS (Denmark); The East Asiatic Company UK (Holdings) Ltd (UK); EAC-P.N.S.L. Service Ltd (33.3%) (UK); Beteiligungsgesellschaft Die Ostasiatische Kompagnie mbH (Germany): Die Ostasiatische Kompagnie GmbH: Global Management Equipment Ltd (30%) (UK): Erik Levison ApS (Denmark): Fibertex ApS (Denmark): Indufor (1975) NV (Belgium); Scan Dutch BV (27.5%) (Netherlands); Nakskov Shipyard Ltd (Denmark); Plumrose AfS (Denmark); Selandia Finance and Investment BV (Netherlands): INDUBOIS SA (France); The East Asiatic Company (Finance) SA (Luxembourg); SIAMAR Sri (50%) (Italy). Africa: The Old East African Trading Company Ltd (Kenya): The East Asiatic Company (SA) (Ply) Ltd (South Africa); EAC Graphics (SA) (Ply) Ltd (South Africa); Business Machines Ltd (Malawi); R T Briscoe (Nigeria) Ltd (40%) (Nigeria); The Old East African Trading Co (T) Ltd (Tanzania). The East Asiatic Co (Pvt) Ltd (Zimbabwe). Asia: The East Asiatic Company (Hong Kong) Ltd (Hong Kong); Carlsberg Brewery Hong Kong Ltd (50%) (Hong Kong); Scan Dutch Ltd (26.1%) (Hong Kong); The East Asiatic

31

DENMARK Company (Malaysia) Berhad (65%) (Malaysia); Nedlloyd-EAC Agencies (Malaysia) Sendirian Berhad (28%) (Malaysia); The East Asiatic Company (Singapore) Pte Ltd (Singapore); EAC Ship Management Services (S) Pte Ltd (Singapore); BakkeSime Darby Shipping Pte Ltd (50%) (Singapore); NedlloydEAC Agencies Pte Ltd (40%) (Thailand); The East Asiatic Company (Thailand) Ltd (49%) (Thailand); Dumex Ltd (78.3%) (Thailand); Thai-Dan Corporation Ltd (49%) (Thailand); The East Asiatic Company (Brokers) Ltd (49%) (Thailand); The East Asiatic Company (Transport) Ltd (49%) (Thailand); EAC Properties (Thailand) (33%) (Thailand); EAC Export Corp (Thailand) Ltd (33%) (Thailand); P.T. Danapaints Indonesia (30%) (Indonesia); P.T. Danmotors Vespa Indonesia (49%) (Indonesia); P.T.ICCO Murni Indonesia (49%) (Indonesia); EAC Services Inc (25%) (Philippines); Luzon Mahogany Corporation (40%) (Philippines); Philippine Moulded Pulp Products Inc (79%) (Philippines); Printing Machine Trading Co Ltd (32.9%) (Japan); The East Asiatic Company (Japan) Ltd (Japan); The East Asiatic Company (B) Ltd (Negara Brunei Darussalem). Australia and New Zealand: Plumrose (Australia) Ltd) (Australia); Bloch & Behrens Ply Ltd (Australia); Kauri Timber Company Ltd (Australia); Bloch & Behrens (NZ) Ltd (New Zealand); The East Asiatic Company (New Zealand) Ltd (New Zealand); Scanservice Leasing Company (Vanuatu) (21.1 %) (Vanuatu); Beaufort Shipping Agency (WA) Pty Ltd (Australia)

Principal Bankers: Den Danske Bank Financial Information:

31.12.86 DKr'OOO

Sales turnover 14,174,263 Profit before tax 385,172 Profit after tax' 311,218 Retained profit 189,565 Dividends 111,516 Dividends per old share Dividends per new share Earnings per share 20.3DKr Share capital 1,536,540 Shareholders funds 2,225,851 • and minority interest

31.12.87 DKr'OOO

14,471,724 473,039 301,719 214,071 124,182

8% 4%

18.6DKr 1,568,029 2,199,227

Principal Shareholders: The East Asiatic Company's Holding Company Ltd (approx 35%)

No of Employees: 14,425 (Group)

FYENS ANDELS-FODERSTOFFORRETNING AMBA

FAF 0stre Havnevej. OK-5700 Svendborg Tel: (09) 21 42 83 Cable: Faf Telex: 58123 faf dk Telefax: (09) 22 92 00

Board of Directors: Kai Braendgaard (Chairman) Management: Povl Ullegard

PRINCIPAL ACTIVITIES: Manufacture, import and export of fertilisers, chemicals, grain, seed grain, malting barley, feeding stuffs

Trade Names: Fyens Andels-Foderstofforretning AmbA, FAF Subsidiary Companies: Fynbo Olie Principal Bankers: Den Danske Bank; Andelsbanken Financial Information:

Sales turnover Profit before tax Profit after tax Dividends Share capital Shareholders funds


1986 DKr'OOO

1,154,298 12,350 11.062 5.160 9,969

20,585

1987 DKr'OOO

1,012,345 15,147 14,210 8.100 9,882

22,871

DENMARK

GRINDSTED PRODUCTS A/S Erwin Rahrs Vej 38, 8220 Braband Tel: (06) 25 33 66 Cable: Grindan, aarhus Telex: 64177 gvdan dk Telefax: 6 25 10 77

Board of Directors: Flemming Woldbye (Chairman), E B Rasmussen (Vice Chairman), B A Pedersen, Lis Glibstrup, Poul Erik Ehrhorn, Otto Christensen, Ib Cordel, Willy Bregnh0j

Management: Otto Christensen (President), Ib Cordel (Executive Vice President), Gert Als (Vice President), Willy Bregnhoej (Vice President), Peer Moeller Joergensen (Vice President)

PRINCIPAL ACTIVITIES: Manufacture of emulsifiers, stabilisers, pectin, alginates, LBG, flavours, enzymes, animal proteins, pharmaceuticals

Parent Company: Aktieselskabet Danisco Subsidiary Companies: (100% owned unless stated): Grindsted

Products GmbH (Germany); Grindsted Products Ltd (UK); Grindsted France Sari (France); Sobalg (France); Grindsted Products Inc (USA); Star Blends Inc (USA); Grindsted do Brasil (Brazil); Grindsted Brasway Ltda (25%) (Brazil); Nippon Grindsted KK (Japan); Lenfos A/S (Denmark); Grindsted de Mexico SA de CV (Mexico); Cadelim SA de CV (51%) (Mexico); Grindsted (Switzerland) AG (Switzerland); Grindsted Espana SA (Spain); A/S Syntetic; Grinsted Intercolloid AG (Switzerland); Industrias Cemar SA (Spain); Holland-Import Beheer BV (Netherlands); Handelmaatschappij "HollandImport" BV (Netherlands); BVBA "Belgolanda" SPRL (Belgium)

Principal Bankers: Privatbanken A/S; Sparekassen SDS Financial Information:

31.12.86 DKr'OOO

Sales turnover 1,150,893 Profit before tax 74,285 Profit after tax 28,947

Principal Shareholders: Aktieselskabet Danisco No of Employees: 1 ,605

KEMISK VAERK K0GE A/S GI. Lyngvej 2, DK-4600 K0ge Tel: (03) 65 75 85 Cable: Koegewerk Telex: 4 35 89 kvk dk Telefax: 03-6630 19

31.12.87 DKr'OOO

1,255,078 142,250 92,522

Management Board: Bent Jakobsen (Managing Director), F Dalton, K Kongstad, F Gravgaard

PRINCIPAL ACTIVITIES: Company's main production programme includes azo pigments, phthalocyanine pigments, organic and aqueous dispersions, and weed killers (phenoxy acids, technical and formulated)

Parent Company: Sad olin & Holmblad A/S Subsidiary Companies: KVK Benelux BV (Netherlands); Kemisk

Verk Kege AB (Sweden); Koegewerk GmbH (West Germany); KVK USA Inc (USA); KVK France SA (France); KVK (UK) Ltd (UK); Runnymede Dispersions Ltd (UK)

Principal Bankers: Kj0benhavns Handelsbank A/S; Privatbanken AjS


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share· Share capital Shareholders funds ·per 1,000 DKr share


31.12.86 DKr'OOO 700,400

10,096 6,734 1,772 4,962

60.00DKr 81.34DKr

82,789 171,276

31.12.87 DKr'OOO 699,099

6,821 3,654 3,654

82,880 175,722

32

K0BENHAVNS PEKTINFABRIK A/S DK-4623 Lille Skensved Tel: 45-3-669210 Cable: PEKTINKOEB LlLLE SKENSVED Telex: 43572 Telefax: 45-3-669446

Board of Management: Bent Jakobsen, Keld Nielsen, Carl Edvard Jensen, Hans Henrik Hjorth, Jens Kristian Pedersen, Peter Salling

PRINCIPAL ACTIVITIES: Manufacture of pectin, carrageenan and other food ingredients

Trade Names: GENU Parent Company: Hercules Inc, Wilmington, DE, USA Subsidiary Companies: In Far East, Canada, West Germany and

France Principal Bankers: Handelsbanken; Copenhagen; Ringsted Financial Information:

Sales turnover

Principal Shareholders: Hercules Inc No of Employees: 345

DKr'OOO 663,000

KORN-OG FODERSTOF KOMPAGNIET A/S KFK Gr0ndalsvej, 8260 Viby J Tel: 456144111 Telex: 68666 Telefax: 456141085

Board of Directors: T Aakvaag (Chairman), T B Andersen, E Ruge, E T0nseth, L S0rensen, W S0ndergaard

Management: P T0nnesen, A Beckenkamp, B Clausen. Vice Director: H Vandbcek. Deputy Directors: S A Eriksen, H E Jensen, 0 Schultz

PRINCIPAL ACTIVITIES: Grain merchants and millers; seedsmen; animal feeds; distribution of agrochemicals including fertilizers

Subsidiary Companies: (100% owned unless stated): Holdingaktieselskabet af 1 januar 1980; AjS Granumin; Dansk Sasced Kornexport AjS; AjS b-s specialfoder; Alfax Sydjydsk T0rrestation AjS; Sams0 Korn-og Foderstofforretning A Heegaard Hansen AjS (80.75%); Knud M01bjergs Rugeri AjS; Fr0CO AjS (Norway)

Principal Bankers: Handelsbanken Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Share capital Shareholders funds


31 .12.86 31 .12.87 DKr'OOO DKr'OOO

6,558,615 6,089,740 267,430 191,026 140,912 101,855 118,367 81,197 20,240 20,240

10% 10% 202,400 202,400

1,258,125 1,339,006

KUWAIT PETROLEUM (DAN MARK) A/S (GROUP) Hummeltoftevej 49, DK-2830 Virum Tel: (02) 85 93 33 Telex: 15022 Telefax: (02) 85 14 18

Board of Directors: Nader Hamad Sultan (Chairman), Bo Gjetting (Managing Director), B Webb (Manager, Refinery), P Skov (Manager, Finance), B R Nielsen (Employee Representative), C Dragheim (Employee Representative), P Fugmann (Lawyer)

Management: Bo Gjetting (Managing Director), C Gylstorff (Manager, Direct Sales), J P Beyer (Manager, Operation), Margret Gudmundsdottir (Manager, Human Resources), P

Skov (Manager, Finance), Ole Bjerregaard (Manager, Retail Sales), J E H0jgaard Nielsen (Manager, Lube Oil Sales)

PRINCIPAL ACTIVITIES: Refining and marketing of oil products Trade Names: 08 Parent Company: Kuwait Petroleum Europe BV, Rotterdam,

Netherlands Subsidiary Companies: Kuwait Petroleum Refining (Dan mark)

A/S; Kuwait Petroleum Transport (Danmark) AfS Principal Bankers: Den Danske Bank, Copenhagen Financial Information: Consolidated

Net turnover Profit (loss) before tax Profit (loss) after tax Retained profit Share capital Capital and reserves


NOVO INDUSTRI A/S Novo Aile, DK-2880 Bagsvaerd Tel: (02) 982333 Cable: Telanovo Telex: 37173 novo dk Telefax: (02) 982733

30.6.86 (18 mths) DKr'OOO

8,633,953 (695,184) (501,084) 108,739 247,000 389,159

30.6.87 (12 mths) DKr'OOO

2,908,030 9,372 9,372

115,111 247,000 398,531

Board of Directors: Vagn Andersen (Chairman), Olav Haugan, Bent Iversen, Preben Kristensen, Palle Marcus, Ole Scherfig, Lene Thorbek Andersen, Knud 0stergaard, Mads 0vlisen (President)

Office of the Chief Executive: Mads Oevlisen (President), Niels W Holm (Chief Operating Officer and Pharmaceuticals Division), Ulrik V Lassen (Chief Science Officer)

Executive Vice Presidents: Erik S0rensen (Bioindustrial Group), Sonnich Fryland (Corporate Development), Mads Ravn S0rensen (Personnel, Communications, Information Systems and Legal and Regulatory Affairs), Kurt Anker Nielsen (Corporate Finance), Harry H Penner (NOVO Industri of North America). Vice Presidents: Claus Brcestrup (Research and Development, Pharmaceuticals), Gert Svanholm (Biochemicals Division), E Steen Andersen (Production, Pharmaceuticals), John Pedersen (Purchasing and Materials Management), Lise G Heding (Research and Development, Diabetes), Bent Hauerberg Madsen (Controller), Allan Winther (Treasurer), Ulf Horsing (Personnel), Knud Aunstrup (Industrial Biotechnology), Peter Tang (Product Research and Development, Pharmaceuticals), Per Andersen (Engineering), Claus KOhl (Medical Affairs), Steen Riisgaard (Detergent Enzyme Division), J0rgen Krag Jensen (Enzyme Process Division), Niels Fiil (Research and Development, Molecular Biology), Robert P Thian (International Operations, Pharmaceuticals)

PRINCIPAL ACTIVITIES: Research, production and marketing of pharmaceutical specialities and enzymes for medical and industrial uses; main products; insulin, hormone preparations, antibiotics, heparin and glucagon; enzymes for the starch and detergent industries

Subsidiary Companies: Novo Industrie GmbH (Germany); Novo Industrie Pharmaceutique SA (France); Novo Industries (Pharmaceuticals) (Pty) Ltd (South Africa); Novo Industri AfS (Norway); Novo Ferment (Schweiz) AG (Switzerland); Novo Industrie (Pharma Schweiz) AG (Switzerland); Novo Laboratories Inc (USA) and its subsidiary Novo Biochemical Industries Inc (USA); Novo Industri AB (Sweden); Novo Industri Oy (Finland); SA Novo Industri NV (Belgium); Novo Farmaka AfS (Denmark); Novo Enzym A/S (Denmark); Novo Espana SA (Spain); Novo Industri GesmbH (Austria); Novo Industri do BraSil Industria e Comarcio Uda (Brazil); Novo Industri BV (Netherlands); Novo Laboratories Pty Ltd and its subsidiary CSL-Novo Pty Ltd (Australia); Novo Industrie Enzymes SA (France); Novo Industri A/S Ltd (UK) and its

33

DENMARK subsidiaries Novo Laboratories Ltd, Novo Enzyme Products Ltd (UK); Novo Industri UK Ltd (UK); Novo BioLabs Ltd (UK); Novo Industri (Japan) Ltd (Japan); Novo Laboratories (Ireland) Ltd (Eire); Novo Enzimi Italia Sri (Italy); Novo Hellas Ltd (Greece); Nippon Novo Ltd (Japan); Novo Farmaceutici Italia Sri (Italy); Novo Yakuhin K.K. (Japan); Novo Biochemical Industry Japan Ltd (Japan); Novo Laboratories Ltd (Canada); Novo Industri Limited (Hong Kong); Novo Industri (Portugal) Comercio de Produtos Farmaceuticos Lda (Portugal); Alfred J0rgensen Laboratory for Fermentation Ltd (Denmark); Novo Invest A/S (Denmark) and its subsidiary Novo Invest Ltd (UK); Hermedico AfS (Denmark); Novo Bioventures Inc (USA); Hermedico BV (Netherlands); A/S Ferrosan (Denmark) and its subsidiaries A/S Remedia (Denmark), Ferrosan International AfS (Denmark), A/S Nordfarma (Norway), Oy Ferrosan (Finland), Vitanova ApS (Denmark) and Ido-Pharm GmbH (Germany); Ejendomsselskabet of 1/12-1987 A/S; Novo SA (Venezuela); Novo Shiptra A/S Denmark): Novo Food Diagnostics A/S (Denmark); Novo Farmaka Danmark A/S (Denmark). Associated companies: S.A.V.P.O. (France); Squibb-Novo Inc (USA); Connaught Novo Ltd (Canada)

Principal Bankers: A/S Kjoebenhavn Handelsbank; Morgan Guaranty Trust Co; Morgan Grenfell & Co Ltd; Goldman, Sacks & Co; Deutsche Bank AG; Swiss Bank Corporation

Financial Information: 31.12.86 DKr'OOO

Sales turnover 4,210,130 Profit before tax 788,330 Profit after tax 521,292 Retained profit 419,343 Dividends 101,949

Dividends per share 20% Earnings per share 20.45DKr Share capital 509,744 Shareholders funds 4,912,046

Principal Shareholders: Novo Foundation No of Employees: 5,873

PHOENIX CONTRACTORS (A/S) Postboks 55, DK-6600 Vejen Tel: +45 5 36 11 11 Cable: Ph0nix Telex: 50536 phonix dk Telefax: 05-36 34 22

31.12.87 DKr'OOO

4,912,076 692,686 497,284 375,554 101,730

20% 18.73DKr

509,744 5,128,799

Board of Directors: Niels Thorsen (Chairman), Axel Schur, Tage Seest, P Rahbek Hansen, N S0by, I H Hermansen

Management Board: K Koch Jensen (Managing Director)

PRINCIPAL ACTIVITIES: Manufacture, import and export of roofing felts; roofing contractors; roof constructions; materials for road surfacing; asphalting and road repairs; roofing elements of insulation materials with roofing felt; industrial plant for production of roofing elements; road investigation. Manufacture and export of universal screed for asphalt; deflectometers, drill trailers, motorsprayers, road marking equipment; coating materials for pipeline protection

Trade Names: Phoenix, Partner Technic, Hotaco, Pavement Consultants, Nordisk Triclair, Pipe Protectors

Subsidiary Companies: (100% owned unless stated): Hans J0rgensen & S0n Entreprenoerer A/S; Fyns Vej A/S; Phoenix Bau GmbH (Germany); Chr. Hjelm Bang A/S; A/S Hotaco Norge (Norway); Hotaco Svenska AB (Sweden); Lab-flex A/S; OY Scantaco AB (84.5%) (Finland); Dansk Vejrenovering I/S (50%); Dansk Asfaltfabrik A/S (50%); Vildsund Asfaltfabrik liS (50%); Danfalt Udlejning liS (25%); DAG liS (25%); Genfalt Nym011e liS (20%); Phoenix Lanka Pvt. Ltd (49%) (Sri Lanka); Gesellschaft fUr Strassenanalyse mbH (50%) (Germany): EPCEnergy Planning Consultants A/S; Hans J0rgensen Development Corporation (USA); Projekt Feriecenter A/S (33%); OIC AIS (33%); Plovleje ApS (20%); Lab-flex Ltd (85%) (USA); HP Strobel A/S; Harikko Oy (50%) (Finland)

DENMARK Principal Bankers: Handelsbanken; Copenhagen Handelsbank;

Den Danske Bank Financial Information:

31 .12.86 DKr'OOO

Sales turnover net 1,411,239 Profit before tax 79,153 Profit after tax 48,072 Retained profit 37,429 Dividends 10,643 Dividends per share 14% Earnings per share 63% Share capital 76,019 Shareholders funds 437,113


SABROE REFRIGERATION A/S PO Box 1810, DK-8270 Hoejbjerg Tel: (456) 271266 Cable: Sabroe Aarhus Telex: 68740 SABRO DK Telefax: (456) 27 44 74

31.12.87 DKr'OOO

1,624,495 81,290 50,531 39,888 10,643

14% 66%

76,019 472,507

Board of Directors: Sven Dyrl0v Madsen (Chairman), Carl-Eric Jeding, H Oehlers, L Printz, Niels Bach, K StausholmPedersen, Erik Trostmann

Management: Kjeld Ranum (President and Chief Executive Officer); Vice Presidents: A C Pedersen , Ingo Hansen, H Kaae Rasmussen, Kaj Taidal

PRINCIPAL ACTIVITIES: Specialists in design and manufacture of reciprocating and screw compressors and components for industrial and marine refrigeration; supply of complete refrigerating plants for food, processing, and chemical industries; marine refrigerating plants for fish freezing, cargo holds, containers, liquified gas transport, etc; supply of turnkey cold stores. Production of cast iron in all standard qualities including ductile iron

Trade Names: Sabroe, Danvalve Parent Company: Atlas-Danmark AjS Subsidiary Companies: (100% owned unless stated): Nippon

Sabroe Co Ltd (87%) (Japan); Sabroe Kaltetechnik GmbH (Germany); Sabroe de Espana SA (Spain); Sabroe (UK) Ltd (UK); Sabroe SARL (France); Sabroe-Atlas do Brasil Ltda (61%) (Brazil); Sabroe de Argentina SA (Argentina); Sabroe Refrigeration Inc (USA); Sabroe (Canada) Industrial Refrigeration Inc (Canada); Sabroe Kulde AjS (Norway); Danvalve AIS

Principal Bankers: Handelsbanken; Provinsbanken; Den Danske Bank


Sales turnover (Loss) before tax (Loss) after tax Share capital Shareholders funds


31.12.86 DKr'OOO

1,043,100 (36,000)

(6,900) 50,000

179,200

SOPHUS BERENDSEN A/S See BERENDSEN, SOPHUS, AjS

STATOIL A/S Sankt Annae Plads 13, DK-1298 Koebenhavn K Tel: (01) 142890 Cable: STATOIL A/S Telex: 27135 dk

31 .12.87 DKr'OOO

1,088,300 (7,700) (6,600) 50,000

169,000

Board of Directors: Jacob 0xnevad (Chairman), Jens Munk Andersen, Svein Rennemo, Lars H Jensen (Employees' Representative), Bjarne Petersen (Employees' Representative)

Board of Management: Jens Munk Andersen, Poul E Luxh0j

34

PRINCIPAL ACTIVITIES: Oil refining and refinery by products; oil and gas burners for domestic and industrial applications; tanker shipping services

Parent Company: Den Norske Stats Oljeselskap AIS (Statoil), Norway (100%)

Subsidiary Companies: (100% owned unless stated): Calparn Olie A/S; Statoil Depotselskab AjS; Aktieselskabet af 2 marts 1926; Statoil Gas ApS; Plf Statoil Torshavn ; Aktieselkabet af 1 Juli 1986. Associated Companies: Det Gr0nlandske Olieaktieselskab (25%); AIS Hydrantanlregget (17%); Ejendomsaktieselskabet af 12. juni 1964 (34%); K/S Ejendomsselskabet af 8. oktober 1965 (34%)

Financial Information: Consolidated figures 31.12.86 DKr'OOO

Sales turnover inc tax Gross operating revenue Profit before tax Profit after tax Retained profit Dividends Dividends per share Share capital Shareholders funds

No of Employees: 957 Statoil A/S

SUPERFOS A/S Frydenlundsvej 30, 2950 Vedbaek Tel: (02) 893111 Cable: Superfos Telex: 39119 suporg dk Telefax: (02) 89 42 40

8,603,200 3,933,600

318,000 165,200 272,600 100,000

1,666.7DKr 300,000 753,000

31.12.87 DKr'OOO

10,337,600 3,982,500

48,000 22,500

248,600 40,000

666.7DKr 300,000 706,000

Board of Directors: Ernst Klrebel (Chairman), Helge Bertelsen, Olav Grue, Povl Heegaard, Poul Andreassen, Willy Jensen (Employee Representative), Mogens Nygaard Hansen (Employee Representative), Annette Kindvig (Employee Representative)

Board of Management: Bent J Ie Favre (Managing Director), Aage Hoffmann, Henning Uth

PRINCIPAL ACTIVITIES: Grain and feedstuffs, agro-chemicals, chemicals, road cons·truction, building components, packaging, fertilizers

Subsidiary Companies: (100% owned unless stated): Superfos America, Inc (USA); Superfos Canada Ltd (Canada); Superfos Investments Ltd (USA); Aerosols International Scandinavia A/S; Superfos Road Construction Inc (USA); Superfos Road Construction Ltd a/s; Danment a/s; Superfos Bautec GmbH (Germany); Superfos Emballage sa (France); Superfos Emballage NV (Belgium); Superfos Emballage ab (Sweden); Superfos Emballasje als (Norway); Superfos Verpackungen GmbH (Germany); Agro-kemi als (60%); Superfos Reinsurance (Luxembourg) sa (Luxembourg);

Principal Bankers: Den Danske Bank; Handelsbanken; Privatbanken


Sales turnover Profit (loss) before tax Profit (loss) after tax Share capital Shareholders equity

31.12.86 DKr'OOO

9,564,000 (291 ,000) (306,000) 412,000 844,000

No of Employees: Company 2,900, Group 3,500

31.12.87 DKr'OOO

5,943,200 125,000 102,300 412,000 922,000

Major Companies of EIRE

35

ALBATROSS FERTILIZERS LTD New Ross, Co Wexford

Tel: (051) 21439

Telex: 80787 ALBA EI

PRINCIPAL ACTIVITIES: Manufacture of fertilizers


Sales turnover

IR£'OOO

40,000


CALOR TEORANTA (TRADING AS CALOR KOSANGAS) Long Mile Rd, Dublin 12

Tel: 505000; 507022

Cable: CAIKOS

Telex: 93693 cgas ei

Telefax: 506070

Chairman: D J Shelly

Directors: C W Beckwith, V C Crowley, R F L Davies, R M Gibson, S V Gunning (Managing Director), C Lindsay, S MacHale, D J Mitchell, A O'Hora

PRINCIPAL ACTIVITIES: Distributors of liquefied petroleum gases and gas burning appliances; consultants to LPG industry

Trade Names: Calor Kosangas

Parent Company: Calor Group PLC

Subsidiary Companies: LPG Ltd; Calor Gas Pensions Ireland Ltd; Calor Consulting Ltd

Principal Bankers: Ulster Bank Ltd


Sales turnover

Share capital


1987

IR£'OOO

53,000

1,500

CARROLL, P J, AND COMPANY PLC Grand Parade, Dublin 6

Tel: (0001) 604311

Telex: 93629 CIGS EI

Telefax: (0001) 681498

Chairman: D S A Carroll

1988

IR£'OOO

50,000

1,500

Directors: V A Brink, T P Hardiman, C P Carroll, J R Osborne, D G Fish, T J Cunningham III, R I Morrison, D Montagu, J P Murphy

Senior Executives: T K McGovern (Secretary)

PRINCIPAL ACTIVITIES: Manufacture and distribution of cigarettes and pipe tobaccos; aquaculture (salmon farming); direct marketing

Subsidiary Companies: (100% owned unless stated): P J Carroll & Company, Ltd; Tobacco Products Ltd; Carroll Group Distributors Ltd; Carreras (Ireland) Ltd; Rothmans of Pall Mall (Ireland) Ltd; Murray Tobacco Ltd; American Cigarette Company (Dublin) Ltd; G Spillane and Company, (1957) Ltd; William Ruddell Ltd; Carroll Enterprises Ltd; Carroll Investments Ltd; Bradan Mara Teoranta (75%); Thomas & Thomas Rodmakers Ltd; Carrol Investments Inc

Principal Bankers: Bank of Ireland; The Investment Bank of Ireland; Chase Bank (Ireland) Ltd

37

EIRE Financial Information:

30.9.87 30.9.88 IR£'OOO IR£'OOO

Sales turnover 280,761 226,934 Profit before tax 7,732 8,498 Profit after tax 5,514 9,934 Retained profit (loss) (199) 3,888 Ordinary dividends 5,713 6,046 Dividends per share 7.8p 8.2p Earnings per share 10.0p 10.7p Share capital 18,640 18,759 Shareholders funds 63,146 54,604

Principal Shareholders: Rothmans International Investments (40%)


GRASSLAND HOLDINGS LTD 75 Merrion Square, Dublin 2 Tel: 600011 Telex: 93214 GFL EI

PRINCIPAL ACTIVITIES: Manufacture of agricultural chemicals Financial Information:

Sales turnover

No of Employees: 11 0

lAWS

IR£'OOO 72,000

Irish Agricultural Wholesale Society Ltd 146-156 Thomas St, Dublin 8 Tel: 717131 Telex: 93773; 93718 iaws ei Telefax: 717321

Chairman: P I Meagher Senior Executives: Philip Lynch (Chief Executive), David Martin

(Deputy Chief Executive)

PRINCIPAL ACTIVITIES: Manufacturer and distributor of fertilisers, corn seed, hardware; animal feeds, fishmeal, fish oil and flour milling

Subsidiary Companies: Bolands Mills Ltd; Goulding Chemicals Ltd; lAWS Grain Exports Ltd

Principal Bankers: Ulster Bank Group; Bank of Ireland Group Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends


ICI IRELAND LTD

30.9.86 IR£'OOO 102,450

2,904 2,700 2,663

20

College Park House, 20 Nassau St, Dublin 2 Tel: (01) 795799 Telex: 93622 Telefax: 795864

Chairman: Christopher D Gibson Directors: G Dickey, F M Cunneen, J Lennon, J F Walsh

(Operations Director)

30.9.87 IR£'OOO 119,597

3,011 3,021 3,001

20

Senior Executives: T Dowling (Chemicals and Polymers Manager), Conor McCarthy (Finance Manager), M McTague (Commercial Services)

PRINCIPAL ACTIVITIES: Trading in chemicals, plastics, pharmaceuticals and agricultural chemicals in Ireland

Parent Company: Imperial Chemical Industries PLC, UK Subsidiary Companies: Hilton Products Ltd; Associated Irish

Gases Principal Bankers: Allied Irish Banks Ltd

EIRE Financial Information:

Sales turnover

No of Employees: 94

31 .12.86 IR£'OOO 85,000

IRISH FERTILIZER INDUSTRIES

IFI Warrington Place, Dublin 2 Tel: (01) 764081 Cable: Nitro Dublin Telex: 93977 nitro ei Fax: (01) 762318

Chairman: S Mac Hale

31.12.87 IR£'OOO 80,000

Directors: T A Jago (Managing Director), K T G Atkins, T Baxter, C D Gibson, H E Kilroy, P A Marsden, A K McGuckian, J F Smith, S J Spence, J D Traynor

Senior Executives: J F Smith (Group Operations Manager), W Flood (Factory Manager, Arklow), J White (Factory Manager, Cork), W O'Brien (Financial Controller)

PRINCIPAL ACTIVITIES: Manufacture of nitrogenous fertilizers, including ammonia, urea, calcium ammonium nitrate, ammonium sulphate, nitric acid, carbon dioxide

Trade Names: NET Nitrate, NET UREA Subsidiary/Associated Companies: Irish Plastic Packaging Ltd;

NET Trading Co Ltd; Sefton Fertilisers Ltd Principal Bankers: Allied Irish Banks pic; Allied Irish Investment

Bank pic

Principal Shareholders: Irish Government (100%) No of Employees: 715

IRISH NATIONAL PETROLEUM CORPORATION LTD Warrington House, Mount Street Crescent, Dublin 2 Tel: (01) 607966 Telex: 32694 INPC EI Fax: G3 607952

Chairman: David M Kennedy (Non-Executive) Non Executive Directors: Sean Fitzgerald, D M Gilbourne, Brian

A Joyce, John F Lang, Seamus S B 6 Scollain, Martin Rafferty, B M Corcoran, A Brown, P J Kelly

Senior Executives: E G Green (Chief Executive), P R Evans (Planning), F P O'Caliaghan (Operations), R J O'Shea (Finance), F B Cahill (Exploration and Production)

PRINCIPAL ACTIVITIES: Acquisition of crude oil; refining of crude (through subsidiary company, Irish Refing pic); sales of petroleum products

Subsidiary Companies: Irish Refining pic, Co Cork; Bantry Terminals Ltd, Co Cork

Principal Bankers: Bank of Ireland Financial Information:

31.12.86 31.12.87 IR£'OOO IR£'OOO

Sales turnover 159,279 169,371 Profit before tax 846 1,725 Profit after tax 803 1,655

Principal Shareholders: State owned company No of Employees: 17 (Irish Refing pic 155; Bantry Terminals Ltd

8)

KERRY GROUP PLC Princes St, Tralee, Co Kerry Tel: 066-22433 Telex: 73152 Fax: 22353

Chairman: Michael Hanrahan Directors: A O'Donnell, D Fleming, E Hayes, T Carroll, D

Buckley, P O'Connell, R Fitzgerald, P Healy, D Brosnan, H

38

Friel, D Cregan, D Lynch, M McCarthy, S Kelleher, D Slattery, D Barry, D Counihan

Senior Executives: Denis Brosnan (Managing Director), Hugh Friel (Deputy Managing Director), Denis Cregan (Deputy Managing Director)

PRINCIPAL ACTIVITIES: Manufacturers of casein, fat filled milk powders; butter; butteroil; whey products; cheese compounds, and a wide range of dairy products; animal feed manufacturers; manufacture of pig meat products; beef products; white meat products; food ingredient manufacturers

Trade Names: Kingdom County, Kerrynor, Duffy Meats, Denny, Dawn Dairies, Grove, Ballyfree, South West Meat

Subsidiary Companies: (100% owned unless stated): North Kerry Milk Products Ltd (83%); Kerrykreem Food Products Ltd; North Kerry Milk Exports Ltd (83%); North Kerry Dairy Exports Ltd; Kerry Milk Exports Ltd; Kerry Foods Ltd (UK); Kerry Foods Inc. (USA); Kerry Co-operative Dairies Ltd; Kerry Dairies Ltd; Kerry Creameries Ltd; Kerry Farm Supplies Ltd; Castieisland Cattle Breeding Society Ltd; North Kerry Farmers Co-Operative; Development Society Ltd (99%); Reenard Cooperative Society Ltd; Ivernia Pig Developments Ltd; Henry Denny & Sons (Ireland) Ltd; Henry Denny & Sons (N .I.) Ltd; Duffy Meats Ltd; Duffy Meats (Exports) Ltd; K.M.P. (Exports) Ltd (80%); K.M.P. Co-Operative Society Ltd (80%); Kerry Group Services Ltd; Cromford Ltd; Call rose Ltd (UK); Kerry Investments Inc. (USA); North Kerry Securities (83%); North Kerry Co-operative Creameries Ltd (65%); Grove Farm Ltd; Ballyfree Farm Ltd; South West Meat Ltd (UK), and a number of non-trading companies

Principal Bankers: Allied Irish Banks Ltd; Bank of Ireland; Ulster Bank; Algemene Bank Nederland (Ireland) Ltd


31 .12.86

IR£'OOO

Sales turnover 265,242

Profit before tax 6,329 Profit after tax 6,292


Dividends 819

Dividends per share' 0.375p Earnings per share 6.01p



'A ordinary


P J CARROLL AND COMPANY PLC See CARROLL, P J, AND COMPANY PLC

PFIZER CHEMICAL CORPORATION Ringaskiddy, Co Cork

Tel: (021) 841005

Cable: PFIZER, CORK

Telex: 75383 PFZR EI

Telefax: (021) 378087

Chairman: B MacTaggart

31.12 .87

IR£'OOO

291,289

8,109

7,893

6,261

1,152

1.65p

6.63p

11,435

51,078

Directors: J-P Valles, T J Connors, M W Roche, M S Weinstein, R Neimeth, B A Merriam, B W Barrett, V P Micati, R W Norton, L R Patterson, M J Wolridge

Senior Executives: W H O'Connor (Managing Director), G A Lewis (General Manager, Chemicals)

PRINCIPAL ACTIVITIES: Citric acid and other food chemicals; bulk pharmaceuticals

Trade Names: Combantrin, Fasigyn, Feldene, Minipress, Sinequan, Vibramycin

Parent Company: Pfizer Inc

Principal Bankers: Bank of Ireland; Citibank


SIlJICRE EIREANN CPT Irish Sugar PLC St Stephen's Green House, Dublin 2 Tel: (01) 767501 Cable: Coset Dublin Telex: Dublin 30662 Telefax: (01) 767624

Chairman: B M Cahill Directors: C K Comerford (Managing Director), P O'Neill, S

Dooney, P L Curran, E Bulfin, N C O'Brien, E Kilcullen, B O'Keefe, J McCarthy, L O'Connor

Secretary: J F Hughes

PRINCIPAL ACTIVITIES: Manufacture and/or sale of sugar, agricultural machinery, limestone, animal feeds, grassmeal, molasses, agrichemicals and fertilisers, and packers and distributors of processed foods

Trade Names: Siucra, Erinfoods, Greenvale, Limestone Products, Interchem, Armer-Salmon

Subsidiary Companies: Armer Salmon Ltd; East Cork Foods PLC; Erin Foods PLC; Interchem Ltd; Western Industries Ltd; Sugar Distributors Holdings Ltd; Armer Salmon (UK) Ltd; Hamloul Ltd

Principal Bankers: Bank of Ireland; Citibank; Allied Irish Bank; Ulster Bank Group

Financial Information: 30.9.86 IR£'OOO

Sales turnover 182,569 Profit before tax 1,291 Profit after tax 1,106 Retained profit (loss) (7,977) Earnings per share Ordinary share capital 56,500 Preference share capital 500 Shareholders funds 8,386

Principal Shareholders: The Minister for Finance No of Employees: 1,855

SUTTONS GROUP L TO Norwich Union House, 89 South Mall, Cork Tel: (021) 271921 Telex: 76101 Telefax: (021) 274828

Chairman: D J Keily

30.9.87 IR£'OOO 176,058

9,500 9,101 9,246 14.0p

65,500 500

26.632

Directors: John O'Shea (Managing), Colman O'Keeffe (Finance), Andrew O'Dea, Humpfrey Smeeton

Senior Executives: P N Barrett (Company Secretary), P F Hallahan (Director Tyres and Oil), John Cashman (Stevedoring and Ships Agency), R J Kiely (Manager Retail Distribution), F King (Director Ireland South West)

PRINCIPAL ACTIVITIES: Importation and distribution of domestic and industrial coal; oil distribution; tyre retreading and distribution; tug owners and charters; stevedores and ship agents

Trade Names: Suttons Coals, Kleenpack Coal Parent Company: Ocean Transport and Trading PLC Subsidiary Companies: S J Murphy; Suttons Oil; R McCowen &

Sons Ltd; Irish Tugs Ltd; Suttons Coals Manufacturing Ltd; Suttons Tyres Manufacturing Ltd

Principal Bankers: Ulster Bank Group; Bank of Ireland Group Financial Information:

Sales turnover


31.12.86 IR£'OOO 51,595

31.12.87 IR£'OOO 41,854

EIRE

39

EIRE

40

Major Companies of FINLAND

41

AGA,OV,AB Karjapellontie 2, SF-02610 Espoo 61 Tel: 90-590011 Telex: 124617 aga sf

PRINCIPAL ACTIVITIES: Import and distribution of welding equipment and welding machinery as well as accessories including protective clothing and safety equipment, wires and rods, powders and fluids; distribution of vessels and tanks, refrigeration equipment, medical equipment including incubators and anaesthetic equipment


Sales turnover


ALGOL, OV, AB Etelaranta 8, PL 170, 00131 Helsinki Tel: +358-0-12581 Cable: ALGOL Telex: 121430 algol sf Telefax: +358-0-650518

FMk'OOO 300,000

Board of Directors: Bjorn Biese (Chairman), Magnus Bargum (Managing Director), Stig Boman, Ragnar E Fogelholm, Leif Lund

Management Group: Bjorn Biese (Chairman), Magnus Bargum (Managing Director), Ragnar E Fogelholm (Deputy Managing Director), Stig Boman (Administrative Director), Sten Lindgren (Director, Plant and Equipment Division), Leif Lund (Director, Steel Division), Olavi Oinonen (Director, Pharmaceutical Division), Krister Santanen (Director, Chemical Division), Simo Uusitalo (Director, Herttoniemi Division), Rauno Rajaniemi (Director, Premises and Investments)

PRINCIPAL ACTIVITIES: Foreign trade; industrial production; wholesale trade; sales representations. Main product groups:industrial chemicals; maChinery and equipment; steel, metals, tubes; building materials; pharmaceuticals; special products

Subsidiary Companies: Oy Turum Kyllastyslaitos Ab; Oy Neoremedia Ab; Oy Erho Ab

Principal Bankers: Union Bank of Finland Financial Information:

Sales turnover Profit before tax· Profit after tax Share capital Shareholders equity ·and reserves


ASPO GROUP Hitsaajankatu 12,00810 Helsinki 81 Tel: 782611 Cable: aspo sf Telex: 124803 aspo sf Telefax: +358-0-785 668

30.9.86 FMk'OOO 343,384

8,539 4,112

10,800 33,319

30.9.87 FMk'OOO 368,785

8,104 3,023

10,800 35,630

Supervisory Board: Helge Haavisto (Chairman), A E Vehmas (Vice Chairman), Henrik Estlander, Pentti Kivinen, Jaakko LaSSila, Sakari T Lehto, Kalevi Numminen, Pentti Talonen, Martti Tiuri, Yrjo Toivola

Board of Directors: H B Nyberg (Chairman and Managing Director), Teuvo Juuvinmaa (Vice Chairman and Vice Managing Director), Pertti Kantele (Director of Metals Group), Markku Keskitalo (Director of Chemical Group), Matti Arteva (Director of Engineering)

Senior Executives: Kari Hohti (Director of Electronics), W

Krestjanoff (Director of CMEA-Trade)

PRINCIPAL ACTIVITIES: Coal distribution. Shipping. Lubricants and chemicals production and distribution. Machine tools sale

43

FINLAND to metal industry. Steels and aluminiums wholesale trade and steel service activity. Production and marketing of microelectronics and security electronics

Parent Company: Polttoaine Osuuskunta

Subsidiary Companies: Aspo Oy; Etela-Suomen Laiva Oy; Oy Bomanship AB; O.Y. Nappara; Sophistics OY; Oy Troili Ab; Aupatec Oy; Toolsystem Oy; Profistics Oy; Pohjois-Piiri Oy; LKH Electronics Oy; MHH Sahko Oy

Principal Bankers: Kansallis-Osake-Pankki

Financial Information: Group figures 31.12.86

(11 mths) FMk'OOO

31.12.87 (12 mths)

FMk'OOO Sales turnover 840,000 1,035,090 Profit before tax 25,700

Profit after tax 12,000 Dividends· 12,900

Shareholders equity 62,965

·Aspo Oy

Principal Shareholders: Polttoaine Osuuskunta (73.5%)

No of Employees: 1,011 Group

COOPERATIVE EKA CORPORATION See EKA, COOPERATIVE, CORPORATION

EKA, COOPERATIVE, CORPORATION Hameentie 19, PO Box 72, SF-00501 Helsinki

Tel: +358 7331 Cable: eka Hki

Telex: 124454 eka sf

Telecopier: +358 0 7332 155

25,205

5,232 12,900

87,236

Supervisory Board: Veikko Helle (Chairman), Ele Alenius (Vice Chairman), Matti Kuusio, Heikki Aaltonen, Hilkka Ahde, Seppo Gronqvist, Jukka Gustafsson, Veikko Halonen, Harri Helminen, Pauli Homppi, Matti Kauppila, Pentti Kilpi, Viljo Lehto, Antti Leskinen, Matti Luttinen, Antti Matinlassi, Jaakko Mattila, Aaro Monthan, Sinikka Monkare, livo Polvi, Lea Savolainen, Marketta Semi, Veikko Tainio, Kerttu Tornqvist, Juhani Vahakangas. Representatives of Personnel: Ordinary Representatives: Veikko Makinen, Irja Suokas, Antero Vainola, Deputy: Maire Puustinen

Board of Directors: Eero Rantala (Chief Executive Officer and Chairman), Vaino Hakala (Vice Chairman), Aarno Aitamurto, Maunu Ihalainen, Kosti Kyhala, Jermu Laine, Markku Lehtinen, Riitta Raasakka-Niklander, Ulf Sundqvist, Pertti Viinanen

Executive Board: Eero Rantala (PreSident, Chief Executive Officer and Chairman), Eero Piipari (President Haka Construction Cooperative), Arvo Perala (Director Retail Trade Division), Matti Packalen (PreSident Kansa Corporation Ltd), Antti Remes (Vice President Strategic Planning), Kari Korpimies (Vice President Economy and Finance, Vice Chairman), Gunnar Riskula (Vice President Property Administration, Vice Chairman), Jaakko Aalto (Vice President Investments), Raimo K Makela (Vice President Administration), Vaino Hakala (Vice President Public Relations and Information, Vice Chairman)

PRINCIPAL ACTIVITIES: Co-operative company for buying and selling of consumer goods; network of retail stores; roofing felts and insulating materials, furniture, techno-chemical products; import of consumer goods; export of furniture, clothes, biscuits, techno-chemical products

Subsidiary Companies: Kansa Corporation Ltd; Lounasrengas Oy; Suomen Ravintolayritysten Kehitys Oy (SRYKE); Inside Restaurant Service Oy; Haka-Auto Oy; Finnoil Oy; Haka Construction Cooperative; Oy Renlund Ab; Meira Oy; Kontio & Kontio Oy; Sottea Oy; Oy Julisterengas-Affischcirkel Ab; Suunnittelurengas Oy; Viestintarengas Oy; Central Union of Consumer Co-operation KK

FINLAND Financial Information: Consolidated figures(1)

31 .12.86

FMk'OOO

Net sales

Profit before tax(2)

Profit (loss) for the period

Share capital

Shareholders equity

(1) The consolidated financial statements include the subsidiaries and cooperatives in which the parent company (Eka Coop) holds, either directly or indirectly, more than 50% of the voting rights

(2) and appropriations

Principal Shareholders: Members


ESSO,OY,AB

15,333,594

13,575

(10,287)

197,148

316,352

31.12.87

FMk'OOO

17,931,977

146,619

18,558

197,235

308,480

Kuunkehra 6, PL 37, SF-02211 Ruomela Espoo 21

Tel: 90-88771

Cable: Airesso; Bunkeresso; Esso

Telex: 12711

Management: Nils E Silfverberg (Managing Director)

PRINCIPAL ACTIVITIES: Import of hydrocarbons including ethane, butane and propane; petroleum; petrochemicals

Parent Company: Exxon Corp, USA


Sales turnover


FARMOS-YHTYMA OY Farmos Group ltd POB 425, SF-20101 Turku 10

Tel: +358 21-66 22 11

Cable: LOY

Telex: 62114 Fayht SF

Telefax: 358 21 66 25 47

FMk'OOO

1,850,000

Board of Directors: Matti Kavetvuo (Chairman), Matti Liukkonen (Vice Chairman), Heikki Haavisto, Sten-Olof Hansen, Pauli Torkko, Reino Salonen

Board of Management: Sten-Olof Hansen (President), Christer Mangs (Finance), Kari Kurki (Administration), Raimo Lappalainen (Personnel Administration), Heikki Ojanpera (Pharmaceutical Division), Kaj Fernstrom (Agrochemical Division), Juhani Karineva (Consumer Goods Division), Pekka Ahlstrom (Diagnostic Division), Kai Lahdesmaki (International Division)

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals, pharmaceutical raw materials, intermediates and diagnostic products; washing and cleaning products, personal hygiene products; special animal feeds, green fodder preservatives, pesticides and plant nutrients

Trade Names: Pharmaceuticals: Domosedan, Frusene, Antrex, Tadex, Eldepry. Agrochemicals: Farmline. Consumer Goods: Serto (all Registered Trade Marks)

Subsidiary Companies: Farmos Group (UK) Ltd (UK); Farmos Group AB (Sweden); Suomen Rohdos Oy; Clinitec Oy; Farmos Inc (USA); Item Development AB (Sweden); Cutrin Oy; Farmos AIS (Denmark)

44

Financial Information: Consolidated figures

31.12.86

FMk'OOO

Sales turnover

Profit before tax

Profit after tax

Retained profit

Dividends

Dividends per share

Earnings per share

Share capital

Shareholders equity

"plus bonus of 1 FMk per share


FEXIMA OY PL 28, SF-00241 Helsinki 24

Tel: 358-0-15951

Telex: 121434 fexte sf

Telefax: 358-0-1595280

Board of Directors: Jouko Nordlund

804,000

33,700

13,100

13,100

11,550

15%

17.19FMk

77,000

162,700

31.12.87

FMk'OOO

830,800

71,500

23,364

23,364

16,000

14%"

34.52FMk

100,000

263,500

Management: Ossian Rinne (General Manager)

PRINCIPAL ACTIVITIES: Import, trade in and agents for carpets, ready made clothing, plastic bags, footwear, furniture, ironmongery, refrigerators etc


Sales turnover


FINNISH SUGAR CO. L TO Kyllikinportti 2, SF 00240 Helsinki

Tel: 3580134411

Cable: sokeri

Telex: 122174 sucro sf

Telefax: 358013441344; 358 01344/311

FMk'OOO

610,000

Supervisory Board: Eero Rantala (Chairman), Esko Lindstedt (Vice Chairman), Juhani Ali-Melkkila, Sakari Heikkila, Eero Isohanni, Ingmar Jansson, Timo Karake, Pentti Kivinen, Eero Kolamo, Jere Lahti, Seppo Lindblom, Arvo Perata, Juhani Saarinen, C 0 Tallgren, Eero Utter, Matti Uusitalo

Board of Directors and Corporate Committee: "Gustav von Hertzen (PreSident, Chairman of the Board), Bjorn Mattsson (Senior Executive Vice President, Vice Chairman of the Board), "Taisto Hautakanga~ (Executive Vice President), "Rainer Nihtila, "Bo Ekman, "Kari Ventola, Hakan Lauren, Jaakko Luoma, Tuomas Massinen, Juha Jarvinen, Juha Kurkinen, Jorma Niilola "Member of the Board

PRINCIPAL ACTIVITIES: Food industry, chemical industry, feed industry and metal industry including related operations

Subsidiary/Associated Companies: (100% owned unless stated): Finnsugar France SA (France): Finnsugar US Inc (USA); Finnsugar UK Ltd (UK); Nippon Finnsugar KK (80%) (Japan); American Xyrofin Inc (USA); Edward Mendell Co Inc (USA); Finnfeeds Ltd (UK); Finnsugar Biochemicals Inc (USA); Finnsugar Xyrofin (UK) Ltd (UK); Filia AG (Switzerland); Xyrofin AG (90%) (Switzerland); Forum Chemicals Ltd (75%) (UK)

Principal Bankers: Kansallis-Osake-Pankki; Union Bank of Finland Ltd; Bank of Helsinki Ltd; Postipankki


Sales turnover

Profit before tax

Profit after tax

Retained profitt 1 )

Dividends

Dividends per share

Earnings per share

Share capital

Shareholders funds(2)

(1) from previous year

(2) revaluation reserve, paid-in surplus, rights issue, contingency fund, retained earnings from previous year and result for the fiscal year

30.11.87

FMk'OOO

3,591,000

169,000

150,000

145,000

31,170

1.44FMk

5.33FMk

259,800

602,000

Principal Shareholders: Banks, insurance companies and financial institutions (10.6%); Companies, cooperatives etc (38%); Private individuals (21 %); Foundations and non-profit organizations (15.5%); Public corporations (0.4%)


HACKMAN,OY,AB Pl 955, 00101 Helsinki 10

Tel: +358 0 694 6055

Cable: Hackmanco

Telex: 124757 hacma sf

Telefax: 358 0 694 1575

Board of Directors: Peter Fazer (Chairman), Bo Ekstrom (Vice Chairman), Bengt Antas, Carl-Olaf Homen, Hans Norman, Christian Reims, Curt Lindbom

Group Administration: Curt Lindbom (President, Chief Executive Officer), Rabbe Kihlman (Administrative Director). Divisions: Hackman Wood: Kai Lillandt (Division Manager). Hackman Meka: Juhani Ikaheimo (Managing Director). Hackman Process: Matti Gloersen (Managing Director). Hackman Catertec: Reijo Svanborg (Managing Director). Hackman Housewares: IIkka Brotherus (Managing Director). Havi: Jan SOderstrom (Managing Director). Hackman-TTT: Esa Niemi (Managing Director). Hackman Interior: Seppo Salmi (Managing Director). Hackman Detec: leif Roselius (Managing Director). Hackman-MKT: Pekka Ovaskainen (Managing Director)

Group Management: Teljo Kolkka (Finance), Kai Gisselberg (Systems Development), Kai Salovaara (Technical Coordination), Annette Lindahl (Information), Bertil Rzepka (Hackman Industrier Ab. Sweden)

PRINCIPAL ACTIVITIES: Metal products, steel furniture, tools, pipes, sanitary equipment, kitchen utensils; dairy machinery

Subsidiary Companies: (100% owned unless stated): Dacona AB (Sweden); DIY Timber Ltd (75%) (UK); Hackman Industrier AB (Sweden); Hackman Konsumentvaror AB (Sweden); Hackman-MKT Inc (USA); Hackman-MKT Oy; Hackman Nederland BV (Netherlands); Hackman Sisustusryhma Oy; Hackman Taloustavarat Oy; Hackman (UK) Ltd (UK); Hackman USA Corporation (USA); Oy Havi AB (93.6%); Houtindustrie REM & ZN BV (Netherlands); MKT-France SA (97.6%) (France); The Peerless Saw Company (USA); Ramnas Rostfria AB (Sweden); Ruostumattomat Teraslaitteet RTl Oy; AB Stridsberg & Biorck (Sweden); Oy Stridsberg & Biorck AB; Stridsbergs (Norge) AfS (Norway); Svenska Stephan AB (90.2%) (Sweden); Teratuote Oy; Triangle T Corporation (USA); TTT-Maschinenmesser und Sagen GmbH (Germany)

Principal Bankers: Union Bank of Finland; Kansallis; Postipankki

45

FINLAND Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds


HANKKIJA-GROUP PO Box 80, SF-0010l Helsinki 10 Tel: 358-0-7291 Telex: 124660

31.12.86 31.12.87 FMK'OOO FMk'OOO 807,907 1,057,823

(1,598) 41,670 (7,046) 37,069 17,810 79,195 3,960 4,950

12FMk 15FMk 16FMk

33,450 33,450 398,087 395,059

Administrative Board: Pentti Palmunen (Chairman), Osmo Pietikainen (Deputy Chairman), Paavo Neitola, Risto Isannainen, Pekka Seppala, Toivo Rantakangas, Eero Norokorpi, Antti Latva-Pukkila, IIkka Raitala, Elmer Orndahl, Antti Ahtiainen, Pekka Auvinen, Jorma Pulliainen, Juhani Rimpilainen, Heikki Seppa, Yrjo Alakoski, Mikko Herlevi, Eero Seppala, Paavo Tuuliniemi

Management Board: Pertti Tuomala (Chairman), Pekka Linnainmaa (Finance and Administration), Kari Kontuniemi (Deputy Member, Tapani J T Koski (Deputy Member, Corporate Planning and Development)

PRINCIPAL ACTIVITIES: Agricultural wholesale co-operative society

Subsidiary Companies: Oy Labor Ab; Autonovo Oy; Agroma Oy; Oy Farmer Ab; Satoturve Oy; Oy Juko Ltd; Konekauppa Pellervo Oy; Puolimatka Group Ltd; Oy Novotec AB; Tietonovo Oy; Tuottajain Rypsi Oy; Suomen Varastopalvelu Oy; Koneluotto Oy; Suomen Kayttokone Oy

Principal Bankers: SKOP-Bank; KOP-Bank; OKO-Bank Financial Information:

Sales turnover (Loss) before tax (Loss) after tax Retained (loss) Share capital Shareholders funds ·Figures include Puolimatka

Group which was transferred to Hankkija in January 1985

1986· FMk'OOO

8,701,608 (246,833) (267,504) (260,617)

94,334 327,825

No of Employees: 12,390 (Puolimatka Group included)

HUHTAMAKI GROUP (THE) Ratavartijankatu 2, 00520 Helsinki 52 Tel: +358-0-7088100 Cable: huhtamaki hki-sf Telex: 124532 yhtma sf Telefax: +358-0-141 189

1987* FMkOOO

8,858,380 (13,314) (32.543) (24.943) 101.792 310.130

Supervisory Board: Pekka Janko (Chairman), Yrjb Blomstedt (Vice Chairman), Jouko Brade, Sirkka Hamalainen, Eero Ikkala, Osmo Ikola, Matti IImanen, Kata Jouhki, Jaakko lassila, Paavo Lipponen, Markku Mannerkoshki, Kanko Pihlava, Jorma Routti, Pentti Talonen

Board of Directors: Asko Tarkka (Chairman, President, Chief Executive Officer), Erkki Railo (Executive Vice President of the Huhtamaki Group and President of leaf Inc, USA), Eero Aho (Administrative Director), Mikael Lilius (Group Vice President, Packaging Group), Lasse Lindberg (Executive Vice President), Timo Peltola (Executive Vice President and Group Vice President for the Food Industry), Jorma Riihimaki (Group Vice President, Pharmaceutical Group)

FINLAND PRINCIPAL ACTIVITIES: Manufacture of confectionery, foods,

beverages; pharmaceuticals; disposable dishes, cardboard and plastic packaging; wholesale of pharmaceutical products, hospital and laboratory equipment and research chemicals; advertising agency

Parent Company: Huhtamaki Oy Subsidiary Companies: Bellaplast GmbH; Leaf Inc; Leaf Europe

BV; Leaf Ltd; Laaketukku Oy; Medica Pharmaceutical Co Ltd; Polar Cup GmbH; Polarcup Ltd; Polarpak AB; Polarcup SA; Polarcup Singapore Pte Ltd; Polarcup AS; Oy Rokto Ab; Oy Star Ab; Tehomainos J Walter Thompson Oy

Principal Bankers: KOP Financial Information:

Sales turnover Profit before tax Profit after tax

Retained profit Dividends Dividends per share

Earnings per share

Share capital Shareholders funds

31.12.86 31.12.87 FMk'OOO FMk'OOO

4,084,000 4,370,000

143,800 196,800 74,700 76,200

45,400 29,000 29,300 47,200

2.80FMk 3.00FMk 7.33FMk 9.14FMk

283,300 315,400

496,300 658,200

Principal Shareholders: Finnish Cultural Foundation; IImarinen Pension Insurance Co; Sampo Insurance Co


JOUTSENO-PULP CO. 54120 Pulp Tel: 953-3071

Telex: 58229 pulp sf Telefax: 953-307 378

Board of Directors: Seppo Virtanen (President), Heikki Nurminen, Heikki Hakala, Lauri Prepula, Jorma Jokinen

Directors: Jorma Jokinen (Managing Director) Senior Executives: Raimo Lehtola (Technical Director)

PRINCIPAL ACTIVITIES: Manufacture and sale of bleached pulp Trade Names: Joutseno Birch, Joutseno Pine Principal Bankers: Kansallis-Osake-Pankki

Principal Shareholders: Rauma-Repola Oy (60%); United Paper Mills Ltd (40%)


KEMIRA OY Porkkalankatu 3, Box 330, 00101 Helsinki Tel: +358 0 13211 Cable: Kemira Oy Telex: 121191 Kehki sf Telefax: +35806946167

Supervisory Board: Heikki Perho (Chairman), Leo Happonen (Vice-Chairman), Toivo T Pohjala, Kaisa Raatikainen, Heimo Linna, Einari Nieminen, Elmer Orndahl, Kalervo Hentila, Tytti Isohookana-Asunmaa, Riitta Uosukainen,Arja Alho. Employees' Representatives: Jukka Virta, Unto Kuukkanen, Marjut Ramo, Jorma Luukkonen

Board of Directors: Yrjo Pessi (Chairman and President), Eino Uusitalo (Vice Chairman), Seppo Lampinen, Raimo Pyrhonen, Reino Airikkala

Central Administration: Reino Airikkala (Administration, Finance and Accounting), Lauri Mikkonen (Personnel Administration), Timo Mattila (Research and Technology), Juhani Kari (Legal Affairs), Eino Uusitalo (Technical Management), Botho Simolin (Communications), Juhani Karhulahti (Internal Auditing), Hannu Vornamo (Environmental Protection)

PRINCIPAL ACTIVITIES: The Kemira Group is active in the chemical industry in 15 countries, and produces fertilisers,

46

agricultural and industrial chemicals, paints, titanium dioxide and other pigments, textile fibres, explosives and ammunition components, personal protection equipment and filters

Subsidiary/Associated Companies: (100% owned unless stated): Tikkurila Oy; Macpherson Pic (UK); Dickursby Farg Ab (Sweden); Derks Macpherson BV (Netherlands); Sissons Paints Ltd (Trinidad & Tobago); Sissons Paints (East) Sdn Bhd (70%) (Malaysia); Kemira BV (Netherlands); Kemira Ammoniak BV (Netherlands); Kemira SAfNV (Belgium); Superfos Goedning A/S (65%) (Denmark); Kemira Ltd (UK); N.I.S. Fertilisers Ltd (UK); Kemira International Services SA (Belgium); Kemira Inc (USA); A Jalander Oy (Finland); Kemira Svenska Ab (Sweden); Oy Rikema Ab; Oy Hortus Ab (82%); Kemira Bioteknik Ab (Sweden); Maatalouspalvelu Oy; Karinaisten Biokasvu Oy (51%); Kemira Kemwood Ab (Sweden); Finn-Filter Oy; Silenta Hearing Protection Ltd (UK); Viljavuuspalvelu Oy (80%); Kemira Systems Oy; Kemira (HK) Ltd (Hong Kong); Kwekerij Terra Nigra BV (Netherlands)

Principal Bankers: Kansallis-Osake-Pankki, Helsinki; Union Bank of Finland, Helsinki


31.12.86 31.12.87

FMk'OOO FMk'OOO

Group sales turnover 6,706,700 8,548,400

Net income before tax" 290,800 389,200

Net income 27,900 117,700

Dividends 42,700 57,000

Share capital 518,000 588,000

Equity 737,300 854,300

"and appropriations

Principal Shareholders: Finnish State (99.99%)

No of Employees: 6,800 Parent Company, 13,825 Group

KYMMENE CORPORATION POB 300, SF-00131 Helsinki

Tel: +358 0 177 242

Telex: 122275 kym sf

Facsimile: +358 0 653 884

Board of Directors: Mika Tiivola (Chairman and Member of the Executive Committee of the Board of Directors), Kurt Swanljung (Vice Chairman and Member of the Executive Committee of the Board of Directors), Aatos Erkko, Esko Rekola, Jaakko Honko, Henrik Nybergh, Carl Olof Tallgren, Kalevi Numminen, Tankmar Horn, Rolf Kullberg, Aimo Pajunen, Casimir Ehrnrooth (Chairman of the Executive Board and Member of the Executive Committee of the Board of Directors)

Executive Board: Casimir Ehrnrooth (Chairman and Chief Executive Officer), Gay Ehrnrooth (President), Jan-Henrik Kulp (Executive Vice PreSident, Finance), Harri Piehl (Executive Vice PreSident, Kaukas-Voikkaa Division), Peter Stackelberg (Executive Vice PreSident, Kymi Division), Vesa Vainio (Executive Vice President, Corporate Administration), Tapani Lares (Executive Vice President, Corporate Technological Management), Magnus Wangel (Executive Vice President, Schauman Pietersaan Division)

Corporate Administration: Vesa Vainio (Executive Vice President), Magnus Stahlberg (Director, Legal Matters), Markku Franssila (Director, Corporate Information), Heikki Jarvenpaa (ASSistant Director), Jouko Paavilainen (Director, Management Development)

PRINCIPAL ACTIVITIES: The main products of the Company are paper, pulp, plywood, sawn goods and bleaching chemicals.

Subsidiary Companies: Star Paper Ltd; Kymmene Boucher Papeteries SA; Nordland Papier GmbH; Caledonian Paper pic and others

Principal Bankers: Union Bank of Finland


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds 'change in the par value

from FMk50 to FMk20 in 1987

31.12.86 FMk'OOO

7,968,000 787,000 622,000 465,100 85,000 2FMk

2.89FMk 849,800

2,984,000

31.12.87 FMk'OOO

6,663,000 801,000 693,000 556,000 138,000

2.40FMk' 12.40FMk' 1,240,000 3,776,000

Principal Shareholders: (1st March 1987): Industrial Mutual Insurance Company (7.7%); Abo Academy Foundation (4.6%); The Union Bank of Finland Group (7.9%)


LAAKETUKKU OV Vattuniemenkuja 1, 00210 Helsinki 21 Tel: 358-0708841 Cable: Meditukku Telex: 12-1374 Telefax: 358-0 7088420

Board of Administration: Asko Tarkka (Chairman) Board of Directors: Lasse Lindberg, Erkki Railo, Eero Aho, Timo

Peltola Senior Executives: Jorma Alanen (Assistant Manager), Arvo-T.

Rautio (Chairman, Managing Director), Bjorn Mattila (Marketing Director), Raimo Viertola (Marketing Director), Heikki Sarekoski (Vice-Chairman, Deputy Managing Director), Bo Nyman (Deputy Managing Director), Leea Wikstrom (Office Manager)

PRINCIPAL ACTIVITIES: The wholesale of pharmaceuticals, chemicals, laboratory glass and supplies, x-ray films, hospital supplies

Parent Company: Huhtamiiki Oy (99.9%) Subsidiary Companies: Uiaketukku Oy, Jyvaskyla; Liiaketukku

Oy, Kuopio; LMketukku Oy, Oulu; Laaketukku Oy, Tampere; Liiaketukku Oy, Turku; Laaketukku Oy, Vaasa

Principal Bankers: Kansallis-Osake-Pankki; Suur-Helsingin Osuuspankki


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Shar.e capital Shareholders funds


MERCANTILE, OV, AS Viljatie 2, Box 129, SF-00701 Helsinki Tel: +358 0-34501 Cable: mercantile Telex: 124416 merc sf Telefax: +358 0 345 0368

1986 FMk'OOO 860,086

12,157 10,373

359

5,400 49,718

1987 FMk'OOO 962,525

19,286 16,094

356 31,855 59FMk

5,400 65,556

Board of Directors: Dieter Aminoff (Chairman), Stefan Aminoff, Veli-Pekka Vasama (Managing Director), Edward Andersson, Bjorn Immonen

Management Board: Veli-Pekka Vasama (Managing Director), Paavo Feirikki (Financial Director), Heikki Auvinen (Director, Chemical Division), Goran Backman (Director Steel Division), Raimo Inkilainen (Director, Machinery and Information Technology Division)

47

FINLAND PRINCIPAL ACTIVITIES: Import of raw materials and machinery

for Finnish industry Subsidiary Companies: Oy Helvar; Oy Ariber Ab; Oy Mercantile

Computers AB; Polymarkkinointi Oy; Svenska AB Mercantile; Oy Helectron Ab; Ruuvivalmiste Oy

Principal Bankers: Kansallis-Osake-Pankki Financial Information:



METSA-SERLA OV Fabianinkatu 8, 00130 Helsinki Tel: +358-0-171-611 Telex: 124924 serla sf

31.12.86 FMk'OOO 814,600 41,402 41,402 46,578

1,451 20,000 83,378

Telefax: +358-0-175 141; +358-0-175 640

31.12.87 FMk'OOO

879,700 25,429 17,722 43,698

1,451 20,000

186,649

Board of Directors: Gustaf Serlachius (Chairman), C H de la Chapelle, Heikki Haavisto, Lauri F Miettinen, Matti Puttonen, Peter Serlachius, Tor Stolpe, Mikko Wuoti

Management: Gustaf Serlachius (Chairman), Ebbe Sommar (President), Pekka Kivela (Public Relations), Kari Haavisto (Economy), Risto Holstila (Executive Vice President, Paper and Paperboard), Tapani Kaila (Executive Vice President, Converting and Chemicals), Juha Tuominen (Executive Vice President, Mechanical Forest PrOducts), Olavi Liihteenmaki (Personnel), Jyrki Kettunen (Research and Development), Touko Antola (Materials Management), Esko Partio (Energy), Maire Laakkonen (Legal Affairs), Ari Antsalo (Magazine Paper Division), Timo Kuula (Fine Paper Division), Matti Makelainen (Paperboard Division), Tapani Kaila (Packaging Division), Antti Pokki (Tissue Division), Juhani Sammasmaa (Chemicals Division), Veli-Matti Kinnunen (Sawn Timber Division), Juha Tuominen (Panel Products Division), Pentti Ikavalko (Building Materials Division), Lars Collen (Marketing), Reino Rouhiainen (Marketing, Comecon and China)

PRINCIPAL ACTIVITIES: Paper, paperboard, packaging and chemicals

Subsidiary Companies: In Finland:- Jiirvenpaan Kotelo Oy; Kotelokulma Oy; Kotelonokia Oy; Oy E Lindell Ab; Oy MetsiiBotnia Ab; Pahvinjaloste Oy; Rantasalmi Oy; Takon Kotelotehdas Oy. In other countries:- Carton pack SA (Greece); Evopan AfS (Denmark); Serla-dan ajs (Denmark); Neopac AjS (Denmark); Finnforest GmbH (Germany); MetsaSerla (UK) Group (UK); Stuart Edgar Ltd (UK); Metsa-Serla Norge AjS (Norway); Tissu Canarias SA (Spain)

Principal Bankers: The Union Bank of Finland; Skopbank; Okobank

Financial Information: Metsii-Serla Group 31.12.87


FMk'OOO 5,979,800

77,000 40,900 39,700 68,300 5FMk

682,800 2,226,000

31.12.88 FMk'OOO

7,000,500 128,100 97,400 47,300 68,300 5FMk

16.43FMk 682,800

2,537,700

Principal Shareholders: Cooperative Metsiiliitto; The Gosta Serlachius Fine Arts Foundation: Industrial Mutual Insurance; Pension Insurance Company IImarinen; Gustaf Serlachius


FINLAND

NESTE OY Keilaniemi, SF-02150 Espoo 15 Tel: +(358) 0 4501 Cable: neste sf Telex: 124641 neste sf Telefax: +358-0-450 4447

Supervisory Board: Ulf Sundqvist (Chairman), IIkka Kanerva (Vice Chairman), Jouni J Sarkijarvi, Lauha Mannisto, Olavi Martikainen, Carl Johan Adolfsson, Kaj Barlund, Kauko Juhantalo, Per-Erik Lundh, Erkki Tuomioja, Mikko Vainio, Jaakko Valtanen, Taisto Turunen (Representative of the Ministry of Trade and Industry). Representatives of the Personnel: Antti Ijas, Jarmo Eeerola, Jouko Raitimo, Veikko Lyhty, Aki Kankaansyrja (Deputy)

Board of Directors: Jaakko Ihamuotila (Chairman and Chief Executive), Kai Hietarinta (Deputy Chief Executive Executive, Trading and Supply, Oil Marketing), Risto Nummila (Senior Executive Director, Oil Refining, Gas), Jussi Rinta (Senior Executive Director, Batteries, R&D), Jouko K Leskinen (Senior Executive Director, Chemicals), Martti Airamo (Executive Vice Director, Shipping, Finance)

Executives: Raimo Roos (Senior Vice President, Shipping), Teuvo Varjas (Corporate Vice President, Personnel and Administration), Jorma Veikkolainen (Corporate Vice President, Internal Auditing), Pekka Alha (Senior Vice President, Oil Refining), Eija Malmivirta (Senior Vice President, Trading and Supply), Pauli Kulvik (Senior Vice President, Oil Marketing), Jukka Viinanen (Senior Vice President, Chemicals), Juha Rantanen (Senior Vice President, Gas), Tapio Harra (PreSident of Neste Battery Group)

PRINCIPAL ACTIVITIES: Natural gas; chemicals; shipping; oil refining; oil trading; oil marketing companies; batteries

Subsidiary Companies: (100% owned unless stated): Celloplast Inc (62.6%) (USA); A/S Crystinol (Denmark); Elbak BatterieWerke GmbH (99.5%) (Austria); Etenforsorjning i Stenungsund AB (80%) (Sweden); Finncavern Ltd Oy; Kesoil Oy (89.9%); Lyac Power A/S (Denmark); Lyac Hellas Ltd (99.7%) (Greece); Lyac Suomi Oy; Neste Battery Ltd Oy; Neste Chemicals GmbH (Germany); Neste Chemicals Handelsgesellschaft mbH (Austria); Neste Chemicals Italia Sri (Italy); Neste Chemicals SA (Switzerland); Neste Chemicals UK Ltd (UK); Neste Chimie France SA (France); Neste Coal Corporation (USA); Neste Coal Ltd (UK); Neste Exploration Ltd (UK); Neste Holding (USA) Inc (USA); NestChem Trading Norden AB (Sweden); Neste Kemi A/S (Denmark); Neste Lampo Oy; Neste Norge A/S (Norway); Neste Nynas Voitelu Oy (60%); Neste Oil Inc (USA); Nestepalvelu Oy; Neste Petroleo (Portugal) SA (Portugal); Neste Petroleum Inc (USA); Neste Petroleum Ltd (85%) (UK); Neste Petroleum (Products) Ltd (UK); Neste Sverige AB (Sweden); Neste Thermisol AB (91%) (Sweden); Neste (UK) Ltd (UK); Neste Alfa Oy; Oil Shipping Oy; Pakkasakku Oy; Stocker Electrical Services Ltd (88%) (UK); Suomen Maakaasuenergia Oy; AB Syntes (Sweden); Tehokaasu Oy; Akkumulatorfabriken To-Mann ApS (Denmark); Triumph Akkumulatorenfabrik GmbH (Austria); Tudor AB (Sweden); Accumulatorenfabrik Tudor GmbH (Germany); Tudor Fastighets AB (Sweden); Tudor Hellenic SA (99.9%) (Greece); AB Tudor International (Sweden); Oy Unifos Ab; Oy Union-Yhtyma Ab (76.7%); Oy Kokonhalli Ab (60%); As Oy Kuusisaarenkuja 8; Asunto Oy Kuutoset; Kiinteisto Oy Peiponlehto; Kiinteisto Oy Suolaketie 1; As Oy Tornipolku 3; Oy Viheriainen; Asunto Oy Assa; Neste Chemicals Inc (USA); Neste Gas AB (Sweden); Neste Oxo AB (Sweden); Katalys AB (Sweden); Neste Polyester AB (Sweden); Neste Polyeten AB (Sweden); Neste Polyetylen A/S (Norway); Neste Kjemi A/S (Norway); Ulveco AB (Sweden); Ulveco Inc (USA); Ulveco Personal Restaurang AB (Sweden); Neste Coordination Center NV (Belgium); Neste Chemicals Benelux BV (Netherlands); Neste Polypropylene NV (Belgium); NC Trading Holland BV (75.33%) (Netherlands); NCT Belgium BVBA (75.33%) (Belgium); NCT Hong Kong Ltd (75.33%) (Hong Kong); NC Trading North America Inc (75.33%) (Canada); Ulveco Power Systems AB (Sweden); Ulveco Hamar A/S

48

(Norway); Ulveco Elektronik A/S (Norway); Ulveco A/S (Denmark); Ulveco Elektronik GmbH (Germany); Oy ExelGroup Ltd (80%); Kivara Oy (80%); Exel Oy (80%); Exel Inc (80%) (USA); Exel Ltd (80%) (Canada); Toppint Oy; Oy UnionOljy Ab (76.7%); Oy Bensiini-Union Ab (77.38%); Oy Lindgren Stevedores (76.7%); Kotimainen Oljy-yhtio Oy; Kiinteisto Oy Karvionkanava (65.6%); Kiinteisto Oy Miestenmetsa; Seitsenseppa Oy (80%); Viitosseppa Oy (80%); Veikkolan Union Oy; Helsinkikaasu Oy; Kotkan Kaasuenergia Oy (90%); Koskelon Lampo Oy; Nestesailiot Oy; Neste Petroleum (Shipping) Ltd (UK); Neste Petroleum (Products) Inc (USA); Neste Sverige Invest AB (Sweden); Oy Finnduktor Ab; Neste Chemicals Far East Ltd (Hong Kong); Neste Quimica Iberica SA (Spain); Exel Composites GmbH (80%) (Germany); Mikrokemia Oy (80%); Neste Petroleum (Japan) Co Ltd (Japan); Neste Shipping Canada Ltd (Canada); Kiinteisto Oy Valokeha

Principal Bank Contacts: Kansallis-Osake-Pankki; Suomen Yhdyspankki; Postipankki

Financial Information: Group figures

Sales turnover Profit (loss) before tax' Profit after tax Retained profit Dividends Share capital Shareholders equity "and reserves

31 .12.86 FMk'OOO

25,230,549 (313,481) 134,661 400,000

36,000 509,420

1,133,161

31.12.87 FMk'OOO

28,153,271 1,209,110

229,195 379,000

56,000 662,540

1,251,966

Principal Shareholders: Finnish State (97.96%); Oy Alko Ab (1.89%); Imatran Voima Oy (0.15%)

No of Employees: 5,682 Neste Oy; 10,980 Group

NOKIA GROUP Mikonkatu 15 A, PO Box 226, SF-00101 Helsinki 10 Tel: +358-0-18071 Cable: Nokiaco Telex: 124442 nokia sf Telefax: (+358-0) 656388; 608027 (Corporate Communications

652409)

Supervisory Board: "Mika Tiivola (Chairman), "Jaakko Lassila (Vice Chairman), Edward Andersson, Carl-Olaf Homen, Pentti Kouri, Kurt Swanljung, Pentti Talonen. Board of Directors: "Kari Kairamo (Chairman of the Board and Chief Executive Officer), Simo Vuorilehto (President and Chief Operating Officer), Jacques Noels, Paavo Rantanen, Antti Lagerroos, Harry Mildh. Secretary: Harry Collin ("Member of the Preparatory Committee)

Operating Board: Simo Vuorilehto (Chairman, President and Chief Operating Officer), Seppo Ahonen (Nokia Cables), Hannu Bergholm (Controller), Kaarlo Isokallio (Nokia Data), Heikki Koskinen (Nokia Consumer Electronics, Strategic Planning), Jan Loeber (Operations in North America), Jorma Ollila (Finance), Matti Otala, (Technologies), Matti Paasila (Nokia Machinery), Sakari Salminen (Nokia Telecommunications), Janne Simelius (Nokia Paper), Raimo Tanttu (Nokia Rubber Products)

Corporate Staff: Hannu Bergholm (Controller), Otto Bjorklund (Real Estate), Taavi Heinila (Legal Affairs), Viljo Hentinen (Research Centre), Leenamaija Jarenko (Training), Jorma Ollila (Finance), Matti Otala (Technology), Lauri Ratia (Corporate Planning), Matti Saarinen (Communications), Lauri Stahlberg (Administration), Stefan Widomski (Exports), Divisions: Kaarlo Isokallio (Nokia Data), Sakari Salminen (Nokia Telecommunications), Timo Louhenkilpi (NokiaMobira), Jacques Noels (Consumer Electronics), Seppo Ahonen (Cables), Matti Paasila (Machinery), Timo Peltola (SLO), Janne Simelius (Paper), Harri Kallonen (Chemicals), Raimo Tanttu (Rubber), Seppo Karvonen (Floorings)

PRINCIPAL ACTIVITIES: Electronics; cables and machinery; paper, power and chemicals; rubber and floorings

Trade Names: Nokia PC, Nokia PC net, Nokia ASC, Nokia AWS, DPS 6 Plus, DPS 8000, Nokia VDU, Talkman, Salora, Luxor, ITT, Graetz, Oceanic, Sonolor, Schaub-Lorenz, Noky, Gemo, Dixcel, Jumbo, Comfie, Rollster, Hakkapeliitta, Logger, Tuura, Topi, Eskimo, Puma, Sako, Tikka

Parent Company: Nokia Corporation

Subsidiary Companies: (100% owned unless stated): Finnish Group Companies: Oy Dava Ab; Oy Edacom Ab; Elek-Tuote Oy; Finnish Parquet Ltd (51%); Idman Oy (42%); Insele Oy; Kolsi Oy (60%); Kumijaloste Oy; LK Products Oy; Luxor Oy (62.7%); Micronas Oy (81.3%); Nokia Cable Machinery Inc Oy; Nokia Cellular Systems Oy; Nokia-Mobira Oy; Nokia Tyres Ltd (80%); Oy Nordic Trading Ab; Salora Oy (61.1 %); Sanka Oy (42%); Siocon Oy; SLO-Idman Oy (42%); SLO-Kaapeli Oy (41%); Suomen Sahk6tuonti Oy (70%); Sahk6liikkeiden Oy (70.1%); Telenokia Oy; Teval Oy; Tuottajain Kone Oy. Foreign Group Companies: Audiovisao Iberica SA (Portugal); Audiovision Iberica SA (Spain); Balatros GmbH (Germany); British Tissues Ltd (50%) (UK); B T Finance Ltd (50%) (UK); Conrad Scholtz AG (96.2%) (Germany); Cue Paging Corporation (USA); Deeko pic (96%) (UK); Flexowall Corporation (96.2%) (USA); Gloystarne & CO Ltd (50%) (UK); Holmsund Golv AB (Sweden); Horda AB (73.5%) (Sweden); Horda A/S (66.1%) (Denmark); Horda A/S Norge (66.1%) (Norway); Horda Form AB (73.5%) (Sweden); Horda Profil AB (73.5%) (Sweden); Horda Compound AB (73.5%) (Sweden); Hygie France SARL (99.5%) (France); Kabmatik AB (Sweden); Luxor AB (62.7%) (Sweden); Luxor GmbH (62.7%) (Austria); Luxor Norge A,S (62.7%) (Norway); Luxor (UK) Ltd (61.1 %) (UK); Maillefer Co (61%) (USA); Maillefer Far East Ltd (61%) (Hong Kong); Maillefer GmbH (61%) (Germany); Maillefer Holding SA (61%) (Switzerland); Maillefer SA (61%) (SWitzerland); Maillefer Scandinavia AB (51%) (Sweden); Mapre SA (61%) (Luxembourg); Monette Kabel- und Elektrowerk GmbH (Germany); Nokia A/S (Norway); Nokia Data AB (80%) (Sweden); Nokia Data A,S (80%) (Denmark); Nokia Data A,S (80%) (Norway); Nokia Data BV (80%) (Netherlands); Nokia Data GmbH (80%) (Germany); Nokia Data GmbH (80%) (Switzerland); Nokia Data Ltd (80%) (UK); Nokia Data SA (80%) (France); Nokia Data SA (80%) (Spain); Nokia Data Systems AB (80%) (Sweden); Nokia Finance Int'! BV (Netherlands); Nokia GmbH (Germany); Nokia GmbH (Switzerland); Nokia Graetz GmbH (Germany); Nokia Gummi AB (80%) (Sweden); Nokia Inc (USA); Nokia International AG (Switzerland); Nokia-Kinex Corporation Inc (USA); Nokia Ltd (Eire); Nokia Machinery Inc (USA); Nokia (Malaysia) Sdn Bhd (98%) (Malaysia); Nokia Materiel de Cablerie SA (99.1%) (France); Nokia-Mobira AB (Sweden); Nokia-Mobira A/S (Denmark); NOkia-Mobira AfS (Norway); Nokia-Mobira GmbH (Germany); Nokia-Mobira Inc (USA); Nokia-Mobira (UK) Ltd (61.1 %) (UK); Nokia Norge A/S (Norway); Nokia Norsk Traktorkompani A,S (Norway); Nokia Products Ltd (99.2%) (Canada); Nokia Svenska AB (Sweden); Nokia (UK) Ltd (UK); Nokia Telecommunications Ltd (UK); Oceanic SA (France); Pacific Roller Die Co Inc (USA); Renucci SA (France); Sal ora AB (61.1%) (Sweden); Salora A,S (61.1%) (Denmark); Salora GmbH (61.1%) (Germany); Salora Italia SpA (61.1%) (Italy); Salora Norge A/S (61.1 %) (Norway); Salora (UK) Ltd (61.1 %) (UK); NV Scholtz Benelux SA (51%) (Belgium); Scholtz-EFS Corporation (96.2%) (USA); Scholtz-Flexowall Inc (96.2%) (Canada); Scholtz SARL (96.2%) (France); Sodima Benelux NB (51%) (Belgium); Sodipan-Nokia SA (France); Sodipan Biessard SARL (99.6%) (France); Sodipan Grenoble SARL (97%) (France); Sodipan Transformation SARL (France); Sotralose SA (99.4%) (France); Tandy Mobira Communications Corporation (50%) (Korea); Transnorm System GmbH (Germany); Transnorm System Ltd (UK); Turkkablo AO (51%) (Turkey)

Principal Bankers: Union Bank of Finland Ltd; Kansallis-OsakePankki

49


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds *1,258.0 million FMK after

share issue in February 1988

FINLAND

31.12.86 FMk'OOO

11,993,700 640,000 531,000 501,000 106,800

3.00FMk 10.62FMk

957,000 4,921,000

31.12.87 FMk'OOO

13,997,800 1,037,000

843,000 621,000 143,200

3.80FMk 15.32FMk 980,000*

5,774,000

Principal Shareholders: Pohjola Insurance Company Ltd (7.36%); Pension Fund of Kansallis-Osake-Pankki (6.77%); Pension Fund of Union Bank of Finland Ltd (6.31 %); Scandbank Nominees Ltd (4.03%); Union Bank of Finland Ltd (3.52%); Pension Insurance Company IImarinen (2.83%); Industrial Mutual Insurance Company (2.37%); State of Finland (2.31 %); Society for Swedish Literature in Finland (2.15%); Hollming Oy (2.06%); Mutual Insurance Company Finland (1.96%); Orte Oy Ab (1.7%); Pension Foundation of Union Bank of Finland Ltd (1.57%); Sanoma Osakeyhti6 (1.49%); Kymmene Corporation (1.43%); Elake-Sampo Insurance Company (1.22%); Foundation of Abo Akademi (1.12%); Kouri-Capital Oy (1.01 %); Kansallis-Osake-Pankki (0.98%); Nokia Corporation's Clerical Personnel's Pension Fund (0.91 %)

No of Employees: 29,276 (Group), 13,849 (Parent Company)

OY AGA AB See AGA, OV, AB

OY ALGOL AB See ALGOL, OV, AB

OY ESSO AB See ESSO, OV, AB

OY HACKMAN AB See HACKMAN, OV, AB

OY MERCANTILE AB See MERCANTILE, OV, AB

OY SHEll AB See SHELL, OV, AB

OY TEBOll AB See TEBOIL, OV, AB

RAISIO GROUP Box 101, SF-21201 Raisio Tel: 921-792111 Cable: Raisiot Turku Telex: 62236 rate sf Telefax: (int. + 358-21-) 792713

Executive Committee: Esa Halonen (Chief Executive), Jukka Maki, Harri Rennes, Pentti Heikonen, Matti Salminen, Matti Soupas, Hannu Suominen

Directors of the Profit Centres: Jarmo Laaksonheimo, Folke Gustafsson, Juhani Oksanen, Matti Salminen, Pentti Heikonen, Kai Hannus, Lars Sucksdorff, Hannu Maunula, limo Lannetta, Kari Jokinen

PRINCIPAL ACTIVITIES: Manufacture of wheat, rye, barley, oat and rice products, breakfast cereals, baking mixes, malts, feed mixes, vegetable oils, margarines, dressings, mashed potato flakes and granules, french fries, canned potatoes, wheat starch, wheat gluten, potato starch, starch derivatives,

FINLAND fatty acids and their derivatives, chemicals for the paper industry, technical know-how, lubricants

Trade Names: Sunnuntai, Teho, Amix, Raisa, Kultasula, Mielihyva, Mestari, Herkku, Raisastarch, Raisatex, Raisafob, Raisapon, Voiteleva-Iubricants

Parent Company: Raision Tehtaat Oy Subsidiary Companies: (100% owned unless stated): Hameen

Peruna Oy; Raision Margariini Oy; Raisio Svenska AB (Sweden); Raisio Inc (USA); Aatto Oksanen Oy (77%); Raision Polysar Oy (51%); Rehuraisio Oy; Liemirehu Oy (72%); Raisio Chemie GmbH. Associates: Raisio National Oy (50%); Kationi Oy (50%); Jylharaisio Oy (49%); Viher-Rehu Oy (38.5%); SLMKunnossapito Oy (30%); Oy Atraco AB (50%)

Principal Bankers: Okobank; Skopbank; Union Bank of Finland Financial Information:

31 .12.86 31.12.87 FMk'OOO FMk'OOO

Sales turnover 1,836,573 2,010,822 Gross profit" 62,989 155,111 Profit after tax 1,351 61,296 Dividends 8,654 9,954 Dividends per share 12% 12% Share capital 59,638 59,646 Shareholders funds 114,632 162,858 "before adjustment for

reserves and taxes

Principal Shareholders: 27,500 farmers, retailers and bakers (at 31.12.86)


SHELL,OY,AB Ulappasaarentie 4, 00980 Helsinki 98 Tel: 90-31901 Cable: Shell-Hki Telex: 124718 Telefax: 90-313211

Board of Directors: Jaakko Lassila (Chairman), Raimo Aalto (Finance Director), Peter Duncan, Kaj Lindstrom (Personnel Director), Ahti Lohivesi, Juhani Pesonen, Veikko Paajanen

Management: Ahti Lohivesi (General Manager)

PRINCIPAL ACTIVITIES: Marketing of oil, petroleum products and petrochemicals

Parent Company: One of The Royal Dutch Shell Group of Companies

Subsidiary Companies: (100% owned unless stated): Espe Oy (50%); Oy Nesteka AB; Ruoste-Esto Oy; SL-Rahoitus Oy; Oy Shelltrans AB


Sales turnover Profit before tax" Profit after tax Share capital "and provisions

30.9.86 FMk'OOO

2,644,300 79,100 54,100

200,000

30.9 .87 FMk'OOO

2,344,600 141 ,900 73,600

200,000

Principal Shareholders: Shell Petroleum NV (50%); BV Licht en Kracht Mij (25%); BV Petroleum Assurantie (25%)


STARCKJOHANN-TELKO OY PL 54, Neljainkaivonkatu 28, SF-15101 Lahti 10 Tel: +358-18-28911 Cable: Starckjohann Telex: 16142 stlti sf

Board of Directors: Bernt Starckjohann (Chairman)

PRINCIPAL ACTIVITIES: Trade in steel, hardware, coal and coal tar products, plastics, motor vehicles and fire protection equipment

Principal Subsidiary Companies: Starckjohann & Co (Deutschland) GmbH; Telko GmbH; Starckjohann (UK) Ltd;

50

Starckjohann Skandinavien Ab; Starckjohann Teknik Ab; FinnPacific Ltd; Starckjohann-Telko (Asia) Ltd; Telko Trading Inc; Telko Trading Company of Texas Inc; Oy HW Snellman; Oy Bermic Ab; Oy Novacell Ab; Other companies:- Oy Boge Larsen Ab; Rautakonttori Oy; Oy Stalko Ab; Telko Mexicana SA de CV


Sales turnover


SUOMEN PETROOLI OY Finska Petroleum Ab Bulevardi 26, PL 102, SF-00121 Helsinki Tel: (90) 642 733 Cable: Supetro Telex: 12 620 Telefax: (90) 643 856

FMk'OOO

1,820,000

Board of Directors: Paul Bunevski, Tankmar Horn, Matti Kankaanpaa, Nikolai Markov, Klaus Sormanto

Management: Nikolai Markov (General Manager)

Senior Executives: Kyosti Tiainen, Igor Lepetuhin, Valentin Salpanov, Boris Djatshenko, Vladimir Kobuladze, Albert Dvorkin

PRINCIPAL ACTIVITIES: 1. Import of finished oil products (fuel oils, gas oil, LPG, lubricating oils and greases). 2. Export of fuel oils, petrochemicals and lubricants. 3. Trading of crude oil. 4. Marketing of oil products in eastern territory

Trade Names: SP Affiliated Company: Oy Teboil Ab Financial Information:

Sales turnover Profit (loss) before tax" Profit after tax Share capital Shareholders funds

"and depreciations

31 .12.86

FMk'OOO 601,612

(60,353) 8,577

29,000 70,811

Principal Shareholders: V /0 Sojuznefteexport No of Employees: 184

TAMRO GROUP Ruosilantie 14, PL 810, SF-00101 Helsinki 10 Tel: 0-54011 Cable: Tamro Telex: 124717 Telecopier: 0-542629

31.12.87 FMk'OOO

658,325 112,427 21,654 29,000 92,465

Board of Directors: C G Aminoff (Chairman) Management: Matti Elovaara (President), Timo Toivio

(Distribution Division), Martti Juntunen (Vice President, Contracts and Project Division), Pekka Junnila (Pharmaceutical Division), Kai Baldauf (Health Care Division), Kalervo Eraniemi (Consumer Goods Division), Jorma Alanko (Finance and Administration)

PRINCIPAL ACTIVITIES: Import and wholesale of health care and cosmetic products as well as manufacture of pharmaceuticals and hospital supplies

Parent Company: Tamro Corporation Subsidiary Companies: Oy Star Ab; Oy Rohto Ab; Oy Tam-Kos

Ab; Tam-Drug Oy; Oy Drugtrade Ab; Oy Ultra Sonic Finland Ltd; Kolmi-Set Oy; Oy Suomen Vanutehdas-Finnwad Ltd


Sales turnover


FMk'OOO 1,153,000

TEBOIL, OV, AB Bulevardi 26, PL 102, 00121 Helsinki Tel: (90) 642 733 Cable: Tebolin Telex: 124620 SUPET SF Telefax: (90) 643 856

Board of Directors: Raul Bunevski, Antti Koivuniemi, Nikolai Markov, Erkki Mattila, Kauko Rastas, Bjorn Westerlund

Management: N Markov Senior Executives: Kyosti Tiainen, Valentin Salpanov, Boris

Djatshenko, Vladmimir Kobuladge, Albert Dvorkin

PRINCIPAL ACTIVITIES: 1. Marketing of oil products in Finland (fuel oils, gasoline and diesel oil, LPG and lubricants). 2. Production and export of lubricants. 3. Service station activities.

Trade Names: TB Financial Information:

Sales turnover Profit before tax Profit (loss) after tax Dividends Share capital Shareholders funds

31.12.86 FMk'OOO

1,724,544 38

(5,462)

26,000 38,962

Principal Shareholders: V/O Sojuznefteexport No of Employees: 474

TIKKURILA OV PO Box 53, SF-01301 Vantaa Tel: +358-0-83091 Cable: Schildts Tikkurila Telex: 121335 tvseh sf Telefax: +358-0-832201

31.12.87 FMk'OOO

1,428,178 21

11,705 5,196

26,000 33,500

Board of Directors: Yrjo Sipila (Chairman and Director of the Kemira Paints Division)

Management: Raimo Piironen (Managing Director), Bo-Gustaf Bergh (Deputy Managing Director and Director of International Operations), Vesa Aulanko (Development Director of the Kemira Paints Division), Arto Koskinen (Administrative Director), Tom Nurmi (Production Director)

Senior Executives: Ari Juha Alvari (Materials Director), Tapio Kaar (Director of the Industrial Coatings Group), Visa Pekkarinen (Director of the Decorative Paints Group), IIkka Sarvimaki (Research Director)

PRINCIPAL ACTIVITIES: Manufacture of a wide range of paints, wood stains, laquers, thinners, fillers, coil coating products, floor coatings, wall coatings and adhesives products

Parent Company: Kemira Oy Subsidiary Companies: Macpherson Pic (UK); Derks

Macpherson BV (Netherlands); Dickursby Farg AB (Sweden); Sissons Paints (East) Sdn Bhd (Malaysia); Sissons Paints Ltd (Trinidad and Tobago)

Principal Bankers: Union Bank of Finland; Helsingin Saastopankki

Financial Information: 31.12.86 FMk'OOO

Sales turnover 531,882 Profit before tax' 39,512 Profit after tax' 16,973 Retained profit 67,047 Dividends Dividends per share Share capital 72,000 Shareholders funds 127,247 'and provisions

Principal Shareholders: Kemira Oy (100%) No of Employees: 834

31.12.87 FMk'OOO 568,586 52,605 28,303 93,947 18,400 40FMk 92,000

154,147

51

FINLAND

VAL TION HANKINTAKESKUS Government Procurement Centre PB 108, Valimotie 25-27, SF-00381 Helsinki 38 Tel: 3580-56021 Cable: Hankvalt Helsinki Telex: 12-1084 vhk sf

Board of Directors: Hannu Karkkainen (Chief Director)

PRINCIPAL ACTIVITIES: Public procurement purchase, warehousing and wholesaling of goods and commodities for the needs of governmental and municipal offices and institutions in Finland

Principal Bankers: Post Office Bank of Finland Financial Information:

Sales turnover


VAPO OV PO Box 22, SF-40101 Jyvaskyla Tel: +358 41 617680 Cable: Vapo, Jyvaskyla Telex: 28377 vapop sf Telefax: +358 41 613 599

FMk'OOO 2,380,000

Supervisory Board: Erik Olander, Aarne Heikkila, Eino Heiskanen, Aapo Saari, Pentti Heikkila, Tuulikki Hamalainen, Pekka Korpinen, Rune Holmstrom, Helena Pesola, Helge Saarikoski, Kari Wallenius, Pirkko Ikonen, Erkki Pulliainen

Board of Directors: Juhani Arppe, Kari Mutka, Raimo Rantala, IIkka Niemi, Taisto Turunen

Management: Juhani Arppe (Managing Director), Kari Mutka (Deputy Managing Director)

PRINCIPAL ACTIVITIES: Fuel peat production; horticultural peat production; sawmill industry

Subsidiary Companies: Peatrex Ltd (USA); Rantaperkion Puu Oy


Sales turnover

Principal Shareholders: Finnish State (100%) No of Employees: 2,100

WIHURIOV Wihurinaukio 2, SF-00570 Helsinki Tel: 358-0-688 041 Telex: 12-1273 wihur sf Telefax: 358-0-688918

FMk'OOO 933,000

Supervisory Board: Reino Erma, Ms Annaliisa Aarnio-Wihuri, Jorma Koivisto, Immo Laakso, Jorma Lakkonen, Kyosti Lahteenmaki, Pentti Seppala, Mrs Katarina Hamalainen, Asko Kojo

Board of Directors: Antti Aarnio-Wihuri (Chairman), Matti Hurme, Keijo Ketonen, Juhani Leppanen, Asko Vagi. Internal Board of Directors: Juhani Leppanen (President), Mikko Myllyla (Vice President Finance), Aarno Lyytikainen, Aarne Lappalainen. Olav Lindstrom, Arvo Lehtola

Senior Executives: Pekka Akkanen (Controller), Juhani Tuutti (Treasurer)

PRINCIPAL ACTIVITIES: Wholesale consumer goods; agents for hand tools, power tools. car accessories and spare parts; manufacture of food and hospital packaging materials; import and marketing company for earthmoving and construction machinery

Trade Names: Wihuri Oy Aarnio. Wihuri Oy Autola. Wihuri Oy Wipak, Wihuri Oy Witraktor

Subsidiary Companies: (100% owned unless stated): Winpak Ltd (55.4%) (Canada) Greencrown Packaging Ltd (99.9%) (UK); Wihuri Ab Wipak (Sweden); Wipak b.v. (Netherlands); Wipak Gryspeert SA (99.9%) (France); So.Fi.Ge.Lys SA (99.9%) (France); Wipak Verpackungen GmbH (West

FINLAND Germany); Wipak Far East Ltd (60%) (Hong Kong); Valintapiste Oy (99.9%); Seiskamarket Oy (99.9%); Ruokamarkkinal Oy; Flex-On Inc (USA) (owned by Winpak Ltd, Canada, 80%)

Principal Bankers: Kansallis-Osake-Pankki Financial Information: Group figures

Sales turnover Profit before tax(1) Profit for the period Retained profit(2) Dividends(3) Dividends per share Share capital Shareholders funds (1) and appropriations (2) including other

distributable equity (3) Parent Company

31.12.86 FMk'OOO

1,609,356 20,447

826 35,034

3,800 1.90FMk

40,000 25,402

31.12.87 FMk'OOO

1,718,874 38,529 14,496 31,588

6,000 3.00FMk

40,000 25,402

Principal Shareholders: Antti Aarnio-Wihuri; The Jenny and Antti Wihuri Foundation

No of Employees: 1,012 (Parent Company); 1,570 (Group)

52

Major Companies of FRANCE

53

3M FRANCE SA Blvd de l'Oise, 95006 Cergy Pontoise Cedex

Tel: 30.31.61.61

Cable: TRIMINCO CERGY

Telex: 605185

Telefax: 30.31.74.26

Board of Directors: Ray Richelsen (Chairman), Robert Montini, Michel Jonis, Guy Perie, Gerard Mottet, Robert Perraud, Pierre Aghassian, Alain Hardy, Paul Laisney, Roger Robin, Georges Billecard, Jacques Baudoin, Pierre Joly, Jean-Pierre Dressler, Don Gorence, Daniel Hammer

PRINCIPAL ACTIVITIES: Production of adhesives, coatings, sealers, tapes, coated paper and abrasives

Trade Names: 3M-Scotch

Subsidiary Companies: Laboratoires 3M Sante; 3M Atlanticolor; Nord Labo Color; L.EA SA; Harries 3M DP

Principal Bankers: Banque Morgan; Societe Generale; BNP; Credit Lyonnais; First National City Bank; BFCE; BPROP


Sales turnover

1986

FF'OOO

3,685,000

1987

FF'OOO

3,658,000

Principal Shareholders: Minnesota, Mining and Manufacturing


AIR LlQUIDE (L') SA 75 Quai d'Orsay, 75321 Paris Cede x 07

Tel: (1) 40.62.52.89

Cable: Airliquid Paris

Telex: 270716 f

Board of Directors: J Delorme (Honorary Chairman), E de Royere (Chairman and Chief Executive Officer), A Joly (Chief Executive Officer), P Salbaing, C de Fels, C PierreBrossolette, J-M Vernes, F Daile, J T Preston, T Dromer, J Maison Rouge, J Van Der Klugt

General Management: E de Royere (Chairman and Chief Executive Officer), A Joly (Chief Executive Officer), M Breber (Executive Vice President)

PRINCIPAL ACTIVITIES: Gas separation equipment; compressed and liquid gases; peroxide products; health care products and equipment; welding products and equipment

Subsidiary Companies: (100% owned unless stated): Air Liquide International; Ste Chimique de la Grande Paroisse (20%); Cie Fran9aise de Produits Oxygenes (99.87%); "LlPHA" Lyonnaise Industrielle Pharmaceutique (51.9%); Ste Mecanique des Tilles 'SMT" (99.99%); Ste Industrielle des Gaz de I'Air (99.97%); SOGIF-Ste des Gaz de I'ile-de-France (99.92%); La Soudure Autogene Fran9aise (52.02%); Cie Industrielle, Commerciale et Financiere des Gaz; CRYOLOR (79.99%); ALM (59.93%); SEPAL (50.95%); SEPPIC (99.93%); "SIO" Societa per I'lndustria dell'Ossigeno e di altri gas (and its subsidiary FRO) (Italy); Saldatura SpA, Candia and ETC (52.41%) (Italy); PARITAL SpA (Italy); Sociedad Espanola del Oxigeno SA (55.37%) (Spain); L'Air Liquide Beige SA (99.93%) (Belgium); L'Air Liquide Nederland BV (Netherlands); L'Air Liquide Luxembourg SA (99.93%) (Luxembourg); Oxylux SA (99.99%) (Luxembourg); Deutsche Air Liquide GmbH (Germany); Alfax AB (Sweden); Soc Portuguesa do Ar Liquido "AR LlQUIDO" (99.89%) (Portugal); Dansk lit & Brintfabrik (61.43%) (Denmark); Air Liquide GmbH (Germany); Liquid Air Corp (and its subsidiaries in Canada, USA and Brazil) (87.01%) (USA); Big Three Industries Inc (USA); Air Liquide International Corp (USA); American Air Liquide Inc (USA); Air Liquide USA Inc (USA); Liquid Air Engineering Corporation (Canada); La Oxigen a SA (79.27%) (Argentina); Societe Marocaine d'Oxygene er d'Acetylene "SMOA" (74.81%) (Morocco); Liquid Air Australia Ltd (87.12%) (Australia); TEISAN KK (65.06%) (Japan)

55

FRANCE Financial Information: Consolidated data

31.12.86

FF'OOO

Sales turnover

Profit before tax

Profit after tax(1)

Retained profit(2)

Dividends

Dividends per share

Earnings per share net

Capital stock

Shareholders funds

(1) and minorities

(2) reserves

(3) plus one for ten bonus issue 4th July 1988

20,958,000

2,389,000

1,247,000

4,378,000

528,000

13.00FF

34.05FF

2,843,000

9,224,000

No of Employees: 26,000 Worldwide

APPLICATION DES GAZ SA

ADG 173 Rue de Bercy, 75012 Paris

Tel: (1) 43.41.72.74

Telex: 214607 Adgx f

Telefax: (1) 43 071793

31.12.87

FF'OOO

23,460,000

2,636,000

1,390,000

3,996,000

528,000

13.00FF(3)

34.50FF

2,843,000

8,841,000

Administrative Board: Louis Daudet (President-Directeur General), Lawrence Austin, Michel Godret, Peter Hadfield, Claude Cabotin, Augustin Renaud, Jean-Jacques Mesnage, la Compagnie des Gaz de Petrole Primagaz (representee par Jean-Charles Inglessi), la Societe de Gestion Mobiliere et Immobiliere (representee par Bertrand Ribadeau Dumas), Ian Wybrew Bond

Management: Louis Daudet (President Directeur General), JeanLouis Espinosa (Directeur International), Albert Fischer (Secretaire GEmeral), Olivier Blanc (Directeur France), Charles Comte (Directeur Technique), Gerard Protat (Directeur des Ressources Humaines), Jacques Libert (Directeur Financier et du Controle de Gestion), Bertrand Duvallet (Directeur du Marketing et de la Recherche)

PRINCIPAL ACTIVITIES: The company manufactures and distributes gas packs (tanks, cartridges), as well as cooking, heating, refrigeration, lighting appliances, and also welding and do-it-yourself equipment working with butane gas

Trade Names: Camping Gaz, Camping Gaz International

Parent Company: Societe en nom collectif BUTAGAZ, Paris

Subsidiary Companies: Camping Gaz International (Germany); Camping Gaz Italia (Italy); Camping Gaz (UK); Camping Gaz K.K. (Japan); Sibir (France); Camping Gaz International Portugal (Portugal); Camping Gas Suisse SA (Switzerland)

Principal Bankers: Banque Vve Morin Pons; Credit Lyonnais Financial Information:

31.12.86 31.12.87

FF'OOO FF'OOO Sales turnover(1) 766,798 825,826 Net profit(1) 23,834 33,628 Sales turnover(2) 528,449 580,622

Profit before tax(2) 35,093 44,079

Profit after tax(2) 23,021 29,348

Retained profit(2) 10,217 14,989

Dividends(2) 12,804 14,359

Dividends per share(2) 10.70FF 12.00FF

Earnings per share(2) 19.24FF 24.53FF

Share capital(2) 11,966 11,966 (1) Group figures (2) Parent Company only

PrinCipal Shareholders: Societe en nom collectif BUTAGAZ; Compagnie des Gaz de Petrole Primagaz


FRANCE ATOCHEM SA Quartier Michelet, La Defense 10, Cedex 42, 92091 Paris la

Defense

Tel: (1) 49.00.80.80

Telex: 611922 ATO F

Telefax: 49.00.74.47; 49.00.83.96

Supervisory Board: Jean Chapon, Daniel Desbiendras, Franyois Didier, Gerard Favre, Philippe Hustache, Raymond Jobert, Jacques Puechal (President), Gilbert Rutman, Rene Sautier. Commissaires du Gouvernement: Jean Planet (Chef de la mission de Controle des Entreprises Petrolieres), Jean Pierre Falque-Pierrotin (Chef du Service des Industries de Base et des Biens Intermediaires)

General Management: Jacques Puechal (President-Directeur General), Francis Bazile (Directeur General), Michel Burq (Directeur General-Adjoint), Arsene Schun (Directeur GeneralAdjoint)

Senior Executives: Directions Fonctionelles: Jacques Jaisson (Secretariat General et Direction Financiere), Jacques Saurois (Direction Comptabilite, Gestion, Informatique), Franyois Perier (Direction Economie et Plan Strategique), Bernard Azoulay (Direction Internationale), Jean Minoux (Direction Recherche, Developpement, Innovation), Bernard DaudeLagrave (Direction des Relations Humaines), Arnaud GrouRadenez (Direction des Relations Exterieures et Publicite), Dominique Huillard (Direction Logistique), Roger Papp (Direction Securite Environment). Directions Operationnelles: Chimie de Base:- Rene Deleuze (Division Chlore, Brome et Derives), Bruno Wiltz (Division Petrochimie), Christian Plissonnier (Division Organiques et Oxygenes), Philippe SolRolland (Direction Industrielle). Matieres Plastiques et Transformation:-Jean-Louis Besson (Division Polyolefines et Styreniques), Arnaud d'Aramon (Division Produits Vinyliques), Jean-Louis Arraou (Division POlymeres Techniques), JeanPierre Ducros (Direction Centrale Transformation), Joseph Grenier (Direction Industrielle). Chimie Fine et de Specialites:Jean-Bernard Lartigue (Direction Chimie Fine et de Specialites), Jean Mounier (Direction Industrielle). Technique:Jean Jauvert (Direction Technique)

PRINCIPAL ACTIVITIES: Chemicals and petrochemicals, fine chemicals and specialties, plastiCS and their conversion

Trade Names: ORGAMIDE, RILSAN, PEBAX, ORGATER, FORAFLON, LACQTENE, LACQRENE, EKAVYL, FLUGEX, VOLTALEF, FORANE, FLUGENE, EVATANE,OREVAC, ORGASOL, PERMAPOL, LUCOVYL, LACQVYL, LUCALOR, FORAPERLE, GARBEFLEX, LlOZAN, AL TENE, WAC, ORGALLOY, UGILEC, JARYLEC, PLATAMID, PLATON, PLATABOND

Parent Company: Elf Aquitaine

Subsidiary/Associated Companies: (100% owned unless stated): France:-Alphacan SA; Appryl SNC (51%); M & T Chimie SA; CECA SA (65%); SOPLARIL SA; Dorlyl SNC (40%); Gexaro (50%); Manufacture Landaise de Produits Chimiques (MLPC) SA (47%); Naphtachimie SA (50%); Octel Kuhlmann SA (25%); Ono SA (35%); Oxochimie SA (50%); Oxysynthese SA (50%); Prodelec Sari (50%); Resinoplast SA; SET SA (93.5%); Sodes SA (34%); Societe du Chlorure de Vinyle de Fos SA (40%); Transalpes SNC; Trans-Ethylene SA; Transugil Ethylene SNC; Transugil Propylene SNC (50%); Usines Lambiotte SA. Europe:-Atochem Deutschland GmbH (Germany); Deutsche Atochem Werke GmbH (Germany); Atochem Belgium SA (Belgium); Atochem Espana SA (87%) (Spain); Ato Iberica SA (Spain); Atochem Portugal Lda (Portugal); Atochem UK Ltd (UK); Atochem (Schweiz) AG (Switzerland); Elfa Oxychemie Handels AG AARAU (50%) (Switzerland); Atochem Italia SpA (Italy); Atochem Nederland BV (Netherlands); Plate Nederland BV (Netherlands). Overseas:- Atochem-Algeirs Office (Algeria); Atochem (Australia) Pty Ltd (Australia); Pacific Chemical Industries Pty Ltd (50%) (Australia); Atochem Produtos Quimicos Ltda (Brazil); Petroquimica Triunfo SA (23%) (Brazil); Atochem Canada Inc (Canada); Oxychem Canada Inc (50%) (Canada); Atochem China Ltd (China and Hong Kong);

56

Atochem Japan KK (Japan); Nihon Rilsan KK (50%) (Japan); Shin San so Kagaku KK (25%) (Japan); Polimeros de Mexico SA de CV (20%) (Mexico); Atochem South East Asia Pte Ltd (Singapore); Singaforane Industrial Pte Ltd (60%) (Singapore); Produven CA (50%) (Venezuela); Atochem Inc (65%) (USA)


Sales turnover Profit aiter tax Share capital Shareholders funds

31.12.86 FF'OOO

19,122,000 161,235

1,850,279 2,248,012

31.12.87 FF'OOO

23,474,200 1,734,100 1,850,300 3,451,200

Principal Shareholders: Societe Nationale Elf Aquitaine No of Employees: 9,785

AVENIR RURAL, COOPERATIVE AGRICOLE, 22 Blvd Carnot, BP 909, F-62033 Arras Tel: (21) 71.79.79 Telex: 820227 F Avenir Arras

Management: Louis Guillemant (Directeur General), M P Germain (Administration et Finances), Alain Descheemarer (Chef du Personnel), Yves Carpentier (Achats), Michel Hano (Directeur Informatique)

PRINCIPAL ACTIVITIES: Manufacture cattle food and fertilisers; wholesale agricultural products, animal feedstuffs, weedkillers, insecticides and fertilisers


Sales turnover


BASF FRANCE

FF'OOO 1,000,000

140 Rue Jules Guesde, BP 87, 92303 Levallois-Perret Cedex Tel: (1) 47.30.55.00 Telex: 620 445 Telefax: 47.30.19.00

Management: Pierre-Jean Delabare (President du Directoire), Bernarde Lafourcade, Bernard Lambert, Jean Burel

Senior Executives: Franyoise Maillard (Directeur de la Communication)

PRINCIPAL ACTIVITIES: Manufacture of chemicals including plastiCS and coatings

Parent Company: BASF AG, Germany Financial Information:

Sales turnover


BAYER FRANCE

1986 FF'OOO

4,685,000

49-51 Quai de Dion Bouton, F-92815 Puteaux Tel: (1) 47.62.00.00 Telex: 611814

1987 FF'OOO

4,759,000

Management Board: Gunter Dehlke (President), Jean Bernard Senior Executives: Eugene Stey (Publicite centrale), Hans

Joachim Kohl (Relations Publiques), Jean Basselier (Administration), Jean-Louis Huchant (Finances), Therese Aubert (Personnel)

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals

Parent Company: Bayer AG, Germany (99.9%) Principal Bankers: Credit Lyonnais; Societe Generale; Credit du

Nord; BNP Financial Information:

Sales turnover


FF'OOO 4,400,000

BP CHIMIE Tour Neptune Cedex 20, Courbevoie 92086 Paris La Defense Tel: (1) 49.02.32.00 Cable: BP Courbevoie Telex: 611617 BP Chim Telefax: 49.02 32.79

Board of Directors: Raymond Bloch (President Directeur General), Jean J Lamort (Directeur General)

Senior Executives: G Kern (Directeur Commercial des Produits Chimiques), J Armand (Directeur Financier), BLaine (Directeur du Plan et de la Petrochimie de Base, Directeur General Adjoint), J Leproux (Directeur Administratif et des Relations Humaines Responsable Relations Publiques), P Mangin (Directeur de la Recherche et du Developpement), M Depraetere (Directeur de I'Usine de Lavera), J P Fabre (Directeur des Matieres Plastiques), G Gautier (Directeur du Personnel)

PRINCIPAL ACTIVJTJES: Chemical group whose products include petrochemicals, alcohols, brake fluid, anti-freeze and a range of industrial chemicals and plastics

Trade Names: NAPGEL, NAPVIS, NAPELEC, NAPTEL, NATENE, NAPRYL, NAFIC, HYVIS, RIGIDEX, INNOVEX

Parent Company: BP Chemicals International Limited (39%); BP France (61%)

Subsidiary/Associated Companies: G.I.E. Gexaro (50%); Naphtachimie (50%); Oxochimie (50%); Distugil (50%); Appryl (49%)

Principal Bankers: BNP; Credit Lyonnais; Societe Generale

Financial Information: 31.12.86 31.12.87

FF'OOO FF'OOO Sales turnover 3,516,000 3,779,000 Profit before tax 357,000 371,549 Profit after tax 258,000 302,300 Dividends 19.574 Dividends per share 42FF Share capital 308,509 308.509

Principal Shareholders: BP France (60%); BP Chemicals International (40%)


BP FRANCE (FORMERLY SOC FRANC;AISE DES PETROLES BP) 10 Quai Paul Doumer, Courbevoie 92412 Cedex Tel: 47.68.40.00 Cable: 8eepee Paris Telex: 620392 Telefax: 47.68.44.17

Board of Directors: J Chenevier (PreSident d'Honneur), H Jacqz (President d'Honneur), Raymond Bloch (President-Directeur General), L Atkinson, N J Carrie, A Dupont-Fauville, C King, R Koch, D A G Simon, J-H Wahl

Management: R Bloch (President-Directeur General), J Verdier (Directeur General), P Castellan (Directeur Economique et Financier), J Lamart (Directeur General BP Chimie), A Lovisi (Directeur Organisation et Systemes d'infarmation), G Philippin (Directeur des Relations Humaines). T Jones (Directeur Approvisionnements Petroliers et Raffinage), Ch de Villemandy (Directeur Marketing)

Senior Executives: F Bellanger (Secretary)

PRINCIPAL ACTIVITIES: Petroleum: exploration, production, distribution

Trade Names: BP. Huiles BP Pilote Parent Company: The British Petroleum Co pic Subsidiary Companies: Exploration:- Societe Franc;:aise d'

Exploration BP (99.7%). Petroleum:- Maritime BP et Cie (99.9%); E.P.A. (29%); Geostock (25%); Interfuel (99.9%); Fuel Littoral (99.9%); Solorchar (42.5%); Societe Strasbourgeoise de Combustibles (87.8%). Petrochemicals:- BP Chimie

57

FRANCE

(60.8%); Oxochimie (50%); Naphtachimie (50%); Distugil (50%). Domestic Heating:- Streichenberger (87.2%); C.G.E.C. (49.9%); Soleco (99.9%); Districhaleur (44.9%). Venture:Gerland (39.8%)

Principal Bankers: BNP; Credit Lyonnais; Societe Generale; Paribas; BUE; CIC; City Bank; Morgan



1986

FF'OOO

22,169,000

1,553,000

1987

FF'OOO

22,559,000

1,553,000

Principal Shareholders: The British Petroleum Co pic (78.53%)


CAF APPRO SA 83 Av de la Grande Armee, 75782 Paris Cedex 16

Tel: (1) 45.01.54.15

Telex: 630783 F; 612192

Telefax: 45.00.71.28

Supervisory Board: Albert Duchalais (President du Conseil d' Administration)

Management Board: Bernard Moulinet, Claude Besnault, Jean Pannoux

PRINCIPAL ACTlVJTJES: Wholesale trade in animal feeds, inorganic chemicals and hardware


30.6.86

FF'OOO

Turnover 1,560,450

(Loss) after tax (3,670)

Share capital 4,000

No of Employees. 110

CARBONE-LORRAINE, LE, Tour Manhattan. Cedex 21. 92095 Paris La Defense 2

Tel: 47.62.88.00

Cable: Carbolac Ladet

Telex.' F-630090 LCLFR Telefax: (1) 47.75.96.10

PreSident: Jean-Martin Folz

30.6.87

FF'OOO

1.826,711

(428)

4,000

Directors: Robert Agenet (Director, General Manager). Etienne Fouquet (ASSistant General Manager)

Senior Executives: Daniel Baulon (Administration-Finance Manager). Michel Masurel (Personnel-Social Relations Manager), Robert Laborde (International Manager), Michel Coniglio (Specialties and Advanced Materials Department Manager), Jacques Saurfelt (Chemical Engineering Department Manager). Etienne Fouquet (Electrical Applications Department)

PRINCIPAL ACTIVITIES: Manufacture and sale of components and equipment in carbon and graphite. electronic and electrotechnical systems

Parent Company: Pechiney (57%)

Subsidiary Companies: DCAG (West Germany); Le Carbone (South Africa); Carbone-Lorraine Industries Corp (USA); Le Carbone (Holdings) Ltd (UK); II Carbonio (Italy); CarbonoLorena (Brazil) and others in Sweden, Mexico, Colombia. Spain, Canada, Australia etc (27 subsidiary companies in 26 countries)

PrinCipal Bankers: Banque Nationale de Paris

FRANCE Financial Information:

Sales turnover·

Profit before tax·

Profit after tax·

Profit after tax LCL

Dividends

Dividends per share

Earnings per share·

Share capital

Total assets

·Consolidated


CASAM

31 .12.86

FF'OOO

1,398,000

118,291

69,622

58,397

11,923

11.50FF

56.30FF

51,840

1,190,450

31 .12.87

FF'OOO

1,430,000

129,752

76,150

60,176

12,960

12.50FF

58.00FF

51,840

1,241,285

9 Rue de L'Ecluse Chette, BP 611, 50206 Coutances Cedex

Tel: 33.45.34.34

Telex: 170504F

Telefax: 33.46.68.87

Board of Directors: Roger Faucon (President), Gerard Manneheut (Vice President), Bernard Lechat (2e VicePresident), Jean Lepourry (Secretaire), Henri Rose, Joseph Roulland (Tresorier), Michel Cottebrune, Regis Belin, Remi Bezard, Marcel Chapon, Hubert Damourette, Rene Faucon, Gilbert Hedouin, Gilbert Herpe, Bernard Herve, Fabrice Heudier, Noel Legevre, Bernard Leprieur, Raymond Lequertier, Daniel Mahe, Didier Mourocq, Denis Onfroy, Simone Sanson, Albert Tesniere

Members of Management: Bernard Maupas (Directeur General du Groupe), Jean Pierre Fleureaux (Directeur General AdjointMembre du Co mite de Direction du Groupe-Directeur Financier), Jean de Mondesir (Directeur des Filiales SOVICO, SNVPA et SOLECO-Membre du Comite de Direction du Groupe), Jean-Marie Meulle (Directeur de I' Approvisionnement et des Productions-Membre du Comite de Direction du Groupe), Charles Clavreul (Directeur Relations et Communications), Daniel Roupsard (Directeur de la SICA PRIM'CO), Jacques Deleuze (Directeur Gestion), Ludovic Spiers (Directeur Organisation et Informatique)

PRINCIPAL ACTIVITIES: Supply of fertilisers, seeds, animal feedstuffs, agricultural machinery, hardware etc, to the farmers of the Manche region; sale of vegetables, meat and cereals

Trade Names: CASAM, SOVICO, CIDEM, SOLECO

Subsidiary Companies: Sica Granville Engrais Sica SA (59.51%); Cidem Sica SA (74.82%); Ucanor (35.95%); Sofico SA (80.66%); Soleco SA (71%); Norsem SA (54.4%); Capnor SA (50.76%)

Principal Bankers: CRCAM (Credit Agricole)


Sales turnover

Profit before tax

Profit after tax

Share capital


CATTEAU

30.6.88

FF'OOO

2,694,856

15,948

12,328

30,160

45 Rue d'isbergues, BP 19, F-62120 Aire sur la Lys Cedex

Tel: 21.39.02.22

Telex: 110187

Management: Jacques Catteau (PreSident Directeur General), Jean Catteau (Directeur General), Emile Bouche (Secretaire General)

58

Senior Executives: Patrick Stejskal (Informatique), Bernard Beal (Logistique), Patrick Catteau (Commercial), Serge Guery (Achats), Xavier Carette (Ventes), Claude Talleu (Achats Produits Carnes, Jean-Marc Vanpeene (Achats Cremerie), Claude Petitpre (Comptes Financiers), Emil Bouche (Relations Humaines), Guy Flambart (Relations Exterieures)

PRINCIPAL ACTIVITIES: Manufacture of food additives


Sales turnover

CDF CHIMIE

FF'OOO

1,430,000

Tour Aurore, Place des Reflets, 92080 Paris La Defense 2, Cedex 5

Tel: (1) 47 78 51 51

Telex: 610 826 F

Telefax: (1) 47 78 52 64

Board of Directors: Serge Tchuruk (President)

Management: Jean-Pierre Halbron (Directeur General)

Senior Executives: M Woeste landt, M Darcas

PRINCIPAL ACTIVITIES: Chemicals, inks, paints and fertilisers


Sales turnover

Profit before tax

Profit after tax

Retained profit

Share capital

Shareholders funds


CEDEST

1987

FF'OOO

20,272,000

1,021,000

1,004,000

1,004,000

2,000,000

2,546,000

Ciments et Engrais de Dannes et de l'Est BP 37,57101 Thionville Ebange

Tel: 82.88.17.52

Telex: 860018 F Cimthio

Telefax: 82.88.41.58

Board of Directors: Ernest-Antoine Seilliere (President), Francis Becker (Administrateur), Pierre Celier (Administrateur), Etienne Cuvelier Rouze (Administrateur), Jean Droulers (Administrateur), Michel Elbel (Administrateur), Bernard Kasriel (Administrateur), Georges Fenart (Administrateur), Bernard Renard (Administrateur), Jean Rives (Administrateur), La Societe Ciments Lafarge France (Administrateur, Representant permanent, Gilbert Liduena)

Management Board: Bernard Renard (Directeur General, Administrateur), Marcel Willay (Directeur General Adjoint), Robert Hauser (Directeur Administratif et Financier)

Senior Executives: Direction des Departements: Robert Bossu (Dept. Beton pret a I'emploi), Jean-Louis Berwick (Dept. Engrais), Armand de Fougieres (Dept. "Ocean Indien"). Direction des Usines: Dannes: Didier Audibert. Ebange: Michel Wiernsberger. Distroff: Jacques Duron. Heming: Dominique Bernet. Directions: Commerciale Ciments: Gerard Billard. Etudes et Travaux Neufs: Marc Longueville. Technique et Developpement: Marc Gillet.

PRINCIPAL ACTIVITIES: Cement and production of agricultural chemicals including fertilisers

Parent Company: CGIP Cie Generale d'industrie & de Participations

Subsidiary Companies: Ebange Beton; Cedest Engrais; Sud Fertilisants; Sovecim-Samaco; Wheelabrator Allevard

Principal Bankers: Credit Lyonnais; SGAB; CIAL; BNP; CCF; Indosuez


Sales turnover(1) Sales turnover(2) Profit before tax(1) Profit before tax(2) Profit after tax(1) Profit after tax(2) Retained profit(2) Dividend(2)

31.12.87 FF'OOO

2,334,122 907,252 219,869 159,234 120,773

31.12.88 FF'OOO

2,937,641 948,694

Dividend per share(2) Earnings per share(2) Share capital(2) (1) Group figures (2) Parent company figures (3) plus 12.5FF, 37.5FF gross

85,056 47,620 37,436 25FF(3) 56.8FF 74,872 85,762

Principal Shareholders: CGIP (51%); Ciments Lafarge (25%) No of Employees: 707

CFPI Compagnie Fran(:aise de Produits Industriels 28 boulevard Camelinat, BP 75, 92233 Gennevilliers Cedex Tel: 33 (1) 40.85.50.50 Telex: 610626 Telefax: (1) 47.92.25.45

Board of Directors: Claude Hess (President-Directeur General) Management: Claude Hess (President Directeur General),

Philippe Mussard (Directeur General), Laurent Jacob (Directeur Division Industries), Edmond Grevet (Directeur Division Agrochemie), Jacques Long (Directeur Technique), Marc van de Casteele (Directeur du Service Marketing)

PRINCIPAL ACTIVITIES: Manufacture of speciality chemicals for industry and agriculture including chemicals for metal processing, the food industry, water treatment, adhesives, detergents (surface active agents), herbicides and growth regulators. Manufacture of fine chemicals (active substances and organic intermediates for pharmaceuticals, photographic industry etc)

Affiliated Companies: ADRISS; CACI; SEAC; SIDIC; ETISA (Spain); GALPRO (Belgium); MINERALOLWERK (Germany); FRAMCHEM (Egypt); CFPI Inc (USA); LOBECO Products Inc (USA); CFPI Italia (Italy)

Principal Bankers: Credit Lyonnais; B.N.P.; Societe Generale; Banque de I'Union Europeenne



30.6.88 FF'OOO

764,000 18,000 17,670

Principal Shareholders: HESS Group (59%); Others (41%) No of Employees: 820

CHIMIQUE DE LA GRANDE PAROISSE, SOCIIETE, Tour Aurore, Place des Reflets, 92080 Paris La Defense Tel: (1) 47.78.51.52 Telex: CDF CH 610826 F

Board of Directors: J P Halbron (President Directeur General) Management: P Martinet (Directeur General), J Coupez

(Directeur Industriel), J D Berard (Directeur Plan, Strategie, Recherche, Ingenerie), P Gry, P Chinal, D Tardres (Directeur Commercial). A Knab (Directeur Administratif)

Senior Executives: Philippe Gry (Manager, Engineering), Jacques Quibel (Manager, Research and Development), Alain Knab (Director Administration and Financial Department), M Maroni (Manager of Toulouse Plant), Jacques Six (Manager of Waziers Plant), M Toneatti (Manager of Grandpuits, SElF Plant), Pierre Martinet (Deputy General Manager)

59

FRANCE PRINCIPAL ACTIVITIES: Company engaged in engineering, and

manufacture of fertilisers and chemicals Trade Names: Engrais GP Parent Company: CDF Chimie AZF (70%) Subsidiary Companies: (100% owned unless stated): SElF (Ste

des Engrais de l'Ue de France) Sari; Ammoniac de Gd Queirlly (67.5%); AMZ (48%); AZDLACQ (50%); PEC-RHIN (50%); Societe Normande de I'Azote (44%); Zuid Chemie (Netherlands)

CIBA GEIGY SA 2-4 rue Lionel Terray, BP 308, F-92506 Rueil-Malmaison Cede x Tel: (1) 47.49.02.02 Cable: Gelep Rueil Telex: 203012

Board of Directors: Pierre Douaze (President) Management: Philippe Sonolet (Directeur General)

PRINCIPAL ACTIVITIES: Chemicals, pharmaceuticals, dyes and insecticides

Parent Company: Ciba Geigy AG, Switzerland Financial Information:

Sales turnover


COFAZ Cie Fran~aise de I' Azote

FF'OOO 2,330,000

46 rue Jacques Dulud, BP 133, 92202 Neuilly sur Seine Cedex Tel: (1) 47 451734 Telex: 620404 F Telefax: 4745 06 80

Board of Directors: Finn A Hvisteudahl (Chairman and General Manager), Louis Maruier (Honorary Chairman)

Management: Finn A Hvisteudahl (Chairman and General Manager), Fran90is Corpet (Assistant General Manager)

PRINCIPAL ACTIVITIES: Production of acids, agricultural and industrial nitrates, agricultural and technical urea and a wide range of other fertilisers

Trade Names: Le Gaulois Parent Company: Norsk Hydro Principal Bankers: Paribas; Credit Lyonnais; SOCiete Generale;

Banque Nationale de Paris Financial Information:

Sales turnover FF'OOO

3,770,000


COMPAGNIE DE RAFFINAGE ET DE DISTRIBUTION TOTAL FRANCE 84 rue de Villiers, 92538 Levallois Perret Cedex Tel: 47.48.80.00 Cable: RAFIC Levallois Telex: 630871 Telefax: 47.48.81.34

Board of Directors: A Guilbaud (President Directeur General), P Crosnier (PreSident d'Honneur), F X Ortoli (Vice President), R Granier de Li Iliac , P Capoulade, L Deny, Ph Malet, Y R Nanot, G Ringeisen (Directeur General)

Management: A Guilbaud (President Directeur General) Senior Executives: M Ringeisen (Secretaire General), M

Bouteille (Directeur Distribution), M Caruette (Directeur Industriel), M Lauzanne (Directeur des Relations Humaines), M Couderc (Directeur de TOTAL-TECHNIQUE), M Vergnon (Directeur Logistique Approvisionnement), M Hereault (Directeur Information-Communication)

PRINCIPAL ACTIVITIES: Petrol refining; distribution of petroleum products; petrochemical

Trade Names.' TOTAL Parent Company: TOTAL Compagnie Fran9aise des Petroles

FRANCE Subsidiary Companies: (100% owned unless stated): Cie

Auxiliaire de Placements Industriels et Commerciaux (98.93%); Totalgaz Compagnie Franc;:aise des Gaz Liquefies (97.5%); Societe Financiere Haussmann-Messine (99.96%); Stela (99.74%); Hydrocarbures de Saint-Denis (62.56%); Compagnie Technique pour les Hydrocarbures (95%); Les Fils Charvet (79.37%); Societe du Pipe-Line de la Raffinerie de Lorraine (50.99%); Total Chimie (49.99%); Societe du PipeLine Mediterranee-Rh6ne (30.99%); Societe des Transports Petroliers par Pipe-Line Trapil (20.28%); Societe Havraise des Petroles (28.94%); Societe Charbonniere et Petroliere Patin (49.99%); Cofreth (14.56%); Societe Havraise de Manutention de Produits Petroliers (18%); MAB Total (98%); Nord Essence (98%); Regis; DDA (10.42%); Groupe Geostock (25%)

Principal Bankers: Pari bas; BNF

Financial Information: Consolidated figures 31 .12.86


Share capital

"at 31 .12.88

FF'OOO 39,048,000

31 .12.87

FF'OOO 36,296,000

1,534,948*

Principal Shareholders: Total Compagnie Franc;:aise des Petroles


COMPAGNIE DES GAZ DE PETROLE PRIMAGAZ SA See PRIMAGAZ, COMPAGNIE DES GAZ DE PETROLE, SA

COMPAGNIE FRANCAISE D'ETUDES ET DE CONSTRUCTION TECHNIP SA See TECHNIP, COMPAGNIE FRAN<;:AISE D'ETUDES ET DE CONSTRUCTION, SA

COMPAGNIE ROUSSELOT SA See ROUSSELOT, COMPAGNIE, SA

COOPERATIVE AGRICOLE AVENIR RURAL See AVENIR RURAL, COOPERATIVE AGRICOLE,

DELALANDE S.A. 32 rue Henri-Regnault, 92400 Courbevoie

Tel: (1) 47.89.65.65 Cable: Delalande-Courbevoie

Telex: 612986

President Directeur General: Jean Carlos Pomaret

Directors: Michel Delalande, Jean-Pierre Lefoulon, Mme Odile Moinel, Jean Royer, Bernard Pourrias, Jean Carlos Pomaret, Sebastien Picciotto

Senior Executives: Pierre Viaud (Directeur des Filiales Etrangeres), Claude Fauran (Directeur Pharmacie-France), Jean Faivre (Directeur Chimie), Gerard Huguet (Directeur Licences et Accords), Alain Balestier (Directeur Developpement), Fran90is-Xavier Jarreau (Directeur Centre de Recherche), Jean-Marie Mestanier (Directeur Administratif et Financier)

PRINCIPAL ACTIVITIES: Pharmaceutical products, organic chemical products

Trade Names: Delalande, Carrion, Finorga, Veillant Defresne Subsidiary Companies: Laboratoires Delalande; Laboratoires

Carrion; Finorga; Delandale Laboratories Ltd; Delalande Arzneimittel GmbH; Laboratori Delalande SpA; Laboratoires Delalande Bruxelles

Principal Bankers: Credit Lyonnais; Credit Industriel et Commercial; Banque Nationale de Paris; Credit Chimique; Banque Franc;:aise du Commerce Exterieur

60


Group turnover Profit before tax Profit after tax Dividends Dividends per share Earnings per share Share capital


DELA TTRE-LEVIVIER

31.12.86 FF'OOO

779,677 101,758 60,432 12,645

30FF 143FF 42,148

Tour Fiat, Cedex 16, 92084 Paris la Defense Tel: (1) 47.96.10.10 Cable: Delatelev Courbevoie Telex: 630849F delev Te/efax: 47.96.10.70

Board of Directors: Jacques Pendaries (President) Management: Jean Blazy (Directeur General Adjoint)

31 .12.87 FF'OOO

750,007 92,141 56,874 14,623

34FF 132FF 43,008

PRINCIPAL ACTIVITIES: Industrial pipes, maintenance, engineering, paper industry

Trade Names: MAGDELAINE Parent Company: Societe Industrielle et Financiere Berlin

(S.I.F.B.) Subsidiary Companies: Delattre Levivier Maroc Principal Bankers: Societe de Banque Occidentale (SDBO) Financial Information:


1986 FF'OOO

1,145,000 20,302

1987 FF'OOO

1,315,426 20,302

Principal Shareholders: Societe Industrielle et Financiere Berlin (S.I.F.B.)


DOW CHEMICAL FRANCE Route des Crates, BP31 , F-06561 Valbonne Cedex Tel: 93.95.62.00 Telex: 970923 F Dow Chem Valbo

Board of Directors: Yves Crepet (President-Directeur General) Management: Yves Crepet (President-Directeur General), Frank

Totte (Directeur General) Senior Executives: Andre Stoffelen (Usine), Frank Totte

(Commercial), Marc Journoud (Publicie), Yves Rollin (Juridique), Marcus Comunetti (Finances), Peter Scarborough (Relations Humaines)

PRINCIPAL ACTIVITIES: Distribution of general industrial chemicals

Parent Company: Dow Chemical Company, USA Principal Bankers: BNP; Societe Generale; Credit Lyonnais;

Sogenal Financial Information:

Sales turnover


FF'OOO 2,400,000

DU PONT DE NEMOURS (FRANCE) SA 137 Rue de l'Universite, F-75334 Paris Cedex 07 Tel: (01) 45.50.65.50 Telex: 206772

Board of Directors: Eduard van Wely (President)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical and electronic products; textile fibres, plastic resins and films, photographic products for graphic arts and X-ray applications, agrichemicals, industrial chemicals, electronic materials, instruments, pharmaceuticals, petrochemicals, refinishes

Parent Company: E.I. Du Pont de Nemours & Co, Wilmington, Delaware, USA (99%)


Sales turnover


FF'OOO 3,670,000

ELF AQUITAINE, SOCIETE NATIONALE,

SNEA Tour Elf, 2 Place de la Coupole, La Defense 6, 92078

Courbevoie Tel: (1) 47 44 45 46 Telex: 615 400

Board of Directors: Michel Pecqueur (President), Gilbert Rutman (Vice President), P Guillaumat, P Desprairies, B Hanon, F Morin, ERAP (represented by P Boisson), L Astre, F Bollon, G Chalandon, C Frejacques, A Jattiot, R H Levy, J Mayoux, G Prieu, A Riboud, G Semov, P Sindic, R Thomas

PRINCIPAL ACTIVITIES: Research into, and exploration for mineral deposits especially all types of hydrocarbons and sales of these products; also all financial, commercial, technical and other operations connected directly or indirectly with them. Production and marketing of chemicals (commodities, fine chemicals and specialities). Production and marketing of: pharmaceuticals, perfumes and cosmetics, biotechnologies

Trade Names: ELF, Antar Subsidiary Companies: (100% owned unless stated): Ste

Nationale Elf Aquitaine (Production); Elf Congo (75%); Elf Italiana Spa; Elf Libye; Elf Aquitaine Norge A/S; Ste Elf de Recherches et d'Exploitation des Petroles au Cameroun (71%); Elf Gabon (54%); Elf Aquitaine Holding BV; Ste Africaine d'Exploration Petroliere (75%); Elf Nigeria Ltd (84%); Elf Nigeria Services Ltd; Aquitaine Australia and New Zealand Ltd (99%); Elf Aquitaine Inc; Elf Aquitaine UK (Holdings) Ltd; Elf Aquitaine Oman; Elf Aquitaine Guatemala; Elf Aquitaine Colombie (99%); Ste d'Etudes Techniques et Commerciales; SOCAP International Ltd; Cie des Transports par Pipelines au Sahara (65%); Elf Ocean (97%); Elf France; Ste des Lubrifiants Elf Aquitaine; Elf Antargaz (88%); Elf Suisse; Elf Mineralol GmbH; Elf Belgique; Union France Hollande des Petroles; Elf Nederland; Anker Union NV; Elf Petroleum GB Ltd; Ste Nationale des Gaz du Sud-Ouest (70%); Ste Elf France-CORIF (99%); Elf Atlantique et Cie (99%); Socantar (99%); EFA SA; Elf Energie; Tesasgulf Inc; M & T Chemicals; Union Chimique Elf Aquitaine; Rousselot SA (68%); CECA SA; La Seigneurie (88%); Siplast SA; SICOF (97%); SANOFI (59%); Ste Financiere Auxiliaire des Petroles-SOFAX; Cie de Participations et d'investissements Holding SA (70%); Ste Financiere Internationale de Participation (67%); SOCAP Ltd; SAFREP SA; SOGERAP (67%); Rivunion SA; Drilling Investments Ltd (99%); Atochem


Sales turnover Profit after tax Dividends Dividends per share Earnings per share Share capital

31.12.86 FF'OOO

119,700,000 4,300,000 1,351,700

13.50FF 43.00FF

1,101,266

Principal Shareholders: ERAP (56%) No of Employees: 73,000 Group

ELI-LILLY FRANCE SA 203 Bureau de la Colline, F-92213 St Cloud Cede x Tel: (1) 49113434 Telex: 6027071

31.12.87 FF'OOO

127,353,000 4,149,000 1,519,020

15.00FF 41.00FF

1,101,268

Board of Directors: Felix Mosbacher (President Directeur General)

Senior Executives: Fran<;:oise Rossignol (Pharmacien Responsable), Marc Launay (Veterinaire Responsable), Dominique Heyl (Usine), Bernard Allaire (Marketing

61

FRANCE Agrochemie), Jean-Paul Rohmer (Marketing Veterinaire), Frederic Champavere (Markeing Pharmaceutique), Jean-Pierre Caslety (Marketing Cosmetiques), Pierre Morin (Exportation), Luc Van Caeneghem (Finances), Bernard Jund (Personnel)

PRINCIPAL ACTIVITIES: Pharmaceuticals, veterinary medicines, agricultural chemicals

Parent Company: Eli Lilly Corp, USA Financial Information:

Sales turnover


FF'OOO 1,700,000

ENTREPRISE MINIERE ET CHIMIQUE See MINIERE ET CHIMIQUE, ENTREPRISE,

ESSO SOCIETE ANONYME FRANCAISE

ESSO SAF 6 Ave Andre-Prothin, Cedex 2-92093 Paris La Defense Tel: (1) 49 03 60 00 Cable: STANESSO PARIS Telex: 62 00 31 Telefax: 49 03 66 03

Administrative Board: Jean Verre (President), Michel Kopff, Jean-Louis Pilliard, Jean Rauzier, Patrick Deveaud, Claude Roux, Jean Boillot

Management: Jean Verre (President-Directeur General), JeanLuc Randaxhe (Directeur General Produits Petroliers), Robert K Meahl (Directeur)

PRINCIPAL ACTIVITIES: Transport and storage, refining and distribution of the whole range of petroleum products; exploration and production of crude oil through a subsidiary ESSO REP, SOCiete Esso de Recherches et d'Exploitation Petrolieres

Trade Names: ESSO Parent Company: A company of the EXXON Group Main Subsidiary Company: ESSO REP, Societe Esso de

Recherches et d'Exploitation Petrolieres; WOREX et Cie, Distribution de combustibles liquides et solides

Principal Bankers: Banque Nationale de Paris; Societe Generale; Credit Lyonnais; Banque Paribas, etc

Financial Information: ESSO SAF 31.12.86

FF'OOO Sales turnover 25,578,000 Profit before tax Profit after tax Dividends Dividends per share Earnings per share Share capital Shareholders funds

Principal Shareholders: EXXON Corp No of Employees: 3,027 (Esso SAF)

ETS JEAN SOUFFLET SA See SOUFFLET, ETS JEAN, SA

ETS SOULES & CIE See SOULES. ETS, & CIE

412,500 305,000 297,900

25FF 25.6FF

595,900 3,417,832

31.12.87 FF'OOO

25,146,000 300,000 297,000 297.900

25FF 24.9FF

595,000 3,151,773

EXXON CHEMICAL, SOCIETE FRANCAISE, 31 Place des Corolles, Cedex 31, F-92090 Paris La Defense Tel: (1) 49.0360.60 Telex: 611191

Management: Jean-Pierre L'Hermitte (President Directeur General), Philippe Barbe (Secretaire General)

Senior Executives: Jean-Pierre Brisard (Industrie), Jean-Pierre L'Hermitte (Commercial), Remy Desbouis (Controleur), Helene Wits (Juridique), Guy Henry (Tresorerie), Jean-Bernard Coulon (Relations Sociales), Philippe Barbe (Communication)

FRANCE PRINCIPAL ACTIVITIES: Manufacture of chemicals including

hydrocarbons, plastics, resins and oil additives


Sales turnover

FIVES CAlL BABCOCK 7 rue Montalivet, F-75383 Paris

Tel: (1) 42 66 35 25

Telex: 650328

FF'OOO

5,000,000

Board of Directors: Andre Launois (President Directeur General)

Management: Andre Launois (President Directeur General), Jean-Michel Cousin (Secretaire General)

PRINCIPAL ACTIVITIES: Complete plant installations for a wide range of industries including cement works, steel works, power stations, mineral treatment plant and sugar refineries; mechanical handling equipment

Parent Company: Compagnie de Fives-Lille


Sales turnover


GERLAND SA

FF'OOO

2,900,000

50 Cours de la Republique, 69625 Villeurbanne Cedex

Tel: 78.03.64.01

Telex: 330 487

Telefax: 78.0.3.64.19

Administrative Board: Pierre Pinart (President), Gilles Brac de la Perriere (Administrateur), Sidney Cabessa (Administrateur), Alain Clarou (Administrateur), Pierre Dorel (Administrateur), Denis Finaz (Administrateur), Raymond Bloch (Administrateur), Paul Jean (Administrateur), Paul Castellan (Administrateur), Pierre Vignial (Administrateur)

Management Board: Pierre Pinart (President), Pierre Vollant (Directeur General Adjoint), Philippe Finas (Directeur General Adjoint) , Michel de Rouvray (Directeur Administratif et Financier), Guy Lacroix (Secretaire General)

PRINCIPAL ACTIVITIES: Chemical and petroleum products; road making materials; sealing compounds; elastomers; floor coverings

Trade Names: Gerflex, Gerflor, Taraflex

Group Companies: (100% owned unless stated): Racine Quatre Aout (99%); Samger (99%); Gernord Ltd (99%); Gerland Ltd (99%) (UK); Gerflex Ltd (99%) (Eire); Ardee Extrusion (99%); Gerland Bedoplan (99%); Gerland Italia (65%) (Italy); Gerland Inc (USA); Synpol (99%); Synflor (99%); Grillon (99%); Taraflex (99%); Munivyle (99%); Mazza (99%); Tradel (99%); Carriere des Chenes (93%); Gerland Lacollonge Belgium (65%) (Belgium); Gerland Etancheite (85%); S.H.P.C. (99%); Gerland SW Industries (50%); Allier (80%); B.i.M. (35%); 3.R. (24%); Verneret (99%); Gaillon (62%); Plastinord (62%); Carolex (62%); Plastochim (62%); Gaillon Paris (62%); Declerce Marche SA (60%); Buffonnaise de Concassage SA (60%); Infrastructures Routieres et Industrielles "INFRA" (34%); Locaro Sari (25%); Dalcafloor (35%) (Italy)

Principal Bankers: Credit Lyonnais, BNP

62


Group sales turnover Profit after tax Dividends Dividends per new share Earnings per share net Share capital (1) Old share. Dividend per

new share 17 .50FF (2) Old share. Dividend per

new share 4.37FF

31.12.86 FF'OOO

2,624,829 59,858 16,093

35.00FF(1) 56.42FF

51,088

31.12.87 FF'OOO

2,934,337 82,556 24,522

8.75FF(2) 27.45FF

51,088

Principal Shareholders: Societe Fran9aise de Petroles BP No of Employees: 4,600 Group

GROUPE ROULLIER See ROULLlER, GROUPE,

GROUPE THOMAS See THOMAS, GROUPE,

HENKEL FRANCE 12 Avenue Raspail, F-94250 Gentilly Tel: (1) 45.46.90.00 Telex: 25000 3 F Henkelf

Management: Guy Van Weddingen (President Directeur General), Thierry Vial-Collet (Directeur General), Wilhelm Biirtlein (Directeur General)

Senior Executives: Henry R Arnold (Conseiller du President), Raymond Rusch (Technique), Peter Fleischer (Administration et Finances)

PRINCIPAL ACTIVITIES: Manufacture of chemicals, detergents and cleaning products and cosmetics

Parent Company: Henkel KGaA, Germany Principal Bankers: BNP Societe Generale Financial Information:

Sales turnover


FF'OOO 2,200,000

HOECHST, SOCIETE FRANCAISE, Tour Roussel Hoechst-Cedex 3, 92080 Paris la Defense Tel: (1) 40 81 4000 Cable: Peralta Puteaux Telex: 620989 f Telefax: (1) 47 74 74 56

Executive Committee: Henri Monod (Chairman and Chief Executive Officer), Gilbert Gaillard (Vice Chairman and General Manager, Production/Research), Friedrich Diechmann (Sales), Erich Theis (Finance)

Senior Executives: A Hauvette (Secretary)

PRINCIPAL ACTIVITIES: The company's national production includes vinylic and acrylic dispersions for the textile industry, inorganic chemicals (silicates and sulfur derivatives), glyoxal, glyoxylic acid, surfactants, auxiliaries (thermo-setting reSins, softeners), polypropylene, fine chemicals based especially on glyoxal/gallic acid chemistry and acetaldehyde, as well as sulfur recovery by desulfurization of refinery gas

Trade Names: TYLOSE, MOWILlTH, HOSTAPUR, ALFTALAT, PHENODUR, HOSTALEN, HOSTAFLON, TREVIRA, DOLAN, OZASOL, HOSTAPHAN, DEPRON, INFOTEC

Parent Company: Hoechst AG, West Germany SubSidiary Companies: (100% owned unless stated):

Laboratoires Hoechst; Hoechst Behring; Roussel Uclaf (54.5%)

Principal Bankers: BNP; Credit Lyonnais; Societe Generale

Financial Information: Parent Company

Total revenues( 1 ) Net income(1) Working capital Shareholders equity(2) (1) includes Laboratoires Hoechst and

Hoechst Behring (2) and provisions

1987 FF'OOO

5,900,000 113,000 154,000

1,367,000

Principal Shareholders: Hoechst AG, West Germany (99.8%) No of Employees: 2,904

HOUILLERES DU BASSIN DE LORRAINE

HBl 2 rue de Metz, BPI, 57802 Freyming-Merlebach Cedex Tel: 87.81.70.00 Telex: 860244

Board of Directors: President Honoraire: Maurice Halff. President: Jean Brenas. Vice-Presidents: Jean Bour, Patrick Krzyzanski. Representants de I'Etat: Andre Deschryver, Andre Despas, Jean-Pierre Pertus. Nomme en raison de sa competence en matiere industrielle et financiere: Jean Brenas. Representant du comite economique et social de Lorraine: Marc Diebold. Represantants des consommateurs: Maurice Ferdinand, Claude Ink. Representants de Charbonnages de France: Joseph Bernard, Bernard Chaton, Nicolas Jacquet, Xavier Lencou-Bareme, Bernard Pache, Raymond Thomas, Jack Verlaine. Representants du personnel: Helmut Birtel, Jean Bour, Serge Brettar, Aloyse Karmann, Patrick Krzyzanski, Denis Lauch, Jacques Naquet. Secretaire du comite d'entreprise: Claude Heil. Secretaire du conseil: Francis Mahou. Controleur d'Etat: Hubert Vincent. Directeur regional de I'lndustrie et de la Recherche: Claude Gaillard

Directors: Roger Jourdan (Directeur General), Alphonse Heinz (Directeur General Adjoint), Pierre Pelissier (Directeur de la Gestion Technique), Joseph Dietrich (Directeur des Usines et de I'Action Commerciale), Michel Escoin (Directeur des Relations Humaines et Sociales), Pierre Prince (Secretaire General)

PRINCIPAL ACTIVITIES: Coal mining, coke products; electricity; engineering

Parent Company: Charbonnages de France Subsidiary Companies: CdFjl-Progical SA; CdFjl-Coreal SA;

SODELIF SA; SA HLM FMC; Ott & Hoeger SA; Solorchar; Districhaleur SA; Climadef; SEEM; SOFIREM; Surshiste


Sales turnover

Principal Shareholders: French State No of Employees: 18,000

31 .12.86 FF'OOO

5,349,900

HUilES GOUDRON ET DERIVES

HGD Tour Gan, F-92082 Paris la Defense 2 Cede x 13 Tel: (1) 47.76.41.17 Telex: 610804

31.12.87 FF'OOO

4,719,600

Board of Directors: Jack Verlaine (President Directeur General), Jean Guynot (Directeur General), Rene Hiault (Secretaire General)

Senior Executives: Jean Coue (Production et Achats), Alain Perez (Developpement), Rene Siffrin (Commercial Goudrons), Santo Coppola (Commercial Synthetique Organique), Jacques Lautour (Juridique), Pierre Bourgeois (Finances), Guy Mahieu (Gestion des Personnes)

PRINCIPAL ACTIVITIES: Manufacture of chemicals, resins and synthetic fibres

Parent Company: CdF Chimie

63

FRANCE Financial Information:

Sales turnover


HUREl ARC SA Aunay-sous-Crecy, F-28500 Vernouillet Tel: 37.46.80.26 Telex: 782286 f scoplex

FF'OOO 1,000,000

Management: Jean-Louis Clement (President Directeur General), Michel Ernault (Directeur General Adjoint)

Senior Executives: Etienne Corbel (Administration et Finances)

PRINCIPAL ACTIVITIES: Manufacture and sale of fertilisers Trade Names: Union, Arc, Engrais SOA, Engrais Clement

Freres, Engrais de Nangis, Engrais Bordy Principal Bankers: BNP; Credit Lyonnais; Banque de Paris et

des Pays-Bas


ICI FRANCE 1 Ave Newton, 92140 Clamart Tel: (1) 45.37.51.11 Telex: 200909

Board of Directors: P R Schindler (President Directeur General) Management: P R Schindler (President Directeur General), L

Condomine (Directeur General), R Delorenzi (Directeur General), J Edge (Directeur General), R Vazille (Directeur General), J P Favennec (Directeur Ginancier)

PRINCIPAL ACTIVITIES: Chemicals, fibres, plastics, colours, polyurethanes, specialty chemicals, pharmaceuticals, paints, agrochemicals, advanced materials, films

Parent Company: ICI pic, London, UK Principal Bankers: Credit Lyonnais; BNP Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividend Dividend per share' Earnings per share' Share capital Shareholders funds , per share of FF100

Principal Shareholders: ICI pic No of Employees: 3,330

IMETAl

1987 FF'OOO

6,829,249 295,260 165,629 74,129 91 ,500

10FF 18FF

918,561 780,921

Tour Montparnasse, 33 Ave du Maine, 75755 Paris Cedex 15 Tel: 45.38.48.48 Telex: 260918 Telecopier: 45.38 74 78

Board of Directors: Bernard de Villemejane (Chairman and Chief Executive Officer), Anthony J A Bryan, Andre Chadeau, Yvan Comolli, Jean-Yves Eichenberger, Aimery Langlois-Meurinne, Jean Charles Naouri, Jacques Plassard, David de Rothschild, Pierre Scohier, Entreprise de Recherches et d'Activites Petrolieres (ERAP) (Represented by Pierre Boisson)

Management: Bernard de Villemejane (Chairman and Chief Executive Officer), Jean-Pierre Rodier (President), Michel Sindzingre (Director of Development)

Senior Executives: Gerard Cocrelle (Personnel and Public Affairs), Jacques Drijard (Finance), Franyois Pierre Gall (Legal), Christian Guizol (Building Materials)

PRINCIPAL ACTIVITIES: Industrial holding company including interest in non-ferrous metals; steel tubing and alloyed steels,

FRANCE building materials, iron and manganese ores, plastics and worldwide commercial activities

Subsidiary and Affiliated Companies: (100% owned unless stated): Penarroya (20%); ERAMET-SLN (15%); Wattohm (99%); Minemet Recherche (99.99%); MIRCAL; HuguenotFenal; Tecminemet; CAM (44%) (Spain); Copperweld Corp (65%) (USA); C.S.C. Industries (65.6%) (USA); IRB; Ets Carre; Simura; SACEM (50%) (Morocco); Minemet Holding; OrignyDesvroise (24%)

Principal Bankers: Indosuez Financial Information:

Group turnover Profit (loss) after tax Dividends Dividends per share Earnings per share Share capital Shareholders funds

31.12.86 FF'OOO

12,801,449 (585,878)

29,300 2.50FF

586,005 2,288,411

31 .12.87 FF'OOO

9,711 ,546 135,631 42,880 4.00FF

11.57FF 536,005

2,366,771

Principal Shareholders: Partinance (20.67%); ERAP (6%); CEI EURIS (12.4%); Francarep (4.56%)


KODAK-PATHE 26 Rue Villiot 75012 Paris Tel: (1) 40 01 3000; 40 01 4000 Cable: Kodapar Paris Telex: 220396 Kodapar f Telefax: 40 01 46 50

Board of Directors: G Roques (President and General Manager), G Cloche (Vice President and Assistant General Manager), J Blais (Industrial Relations), F Quiers (Director of Chalon-surSa6ne Factory), R Rouvier (Administration and Finance), Sallard (Director of Marketing), L Giorgi, 0 Harari, Peter Hetzer, K Zuber

Operating Committee: R Goepfert (Data Processing), G Guimont (Manufacturing Logistics), J Marot (Marketing Logistics), A-H Popelard (Colour Printing and Processing), A Rolland (Personnel), P Mouchel (Research and Development), J Martin (Sevran Factory), P Berthet (Legal and Public Relations)

PRINCIPAL ACTIVITIES: Manufacture and sale of all types of photographic equipment for photography, cinematography, radiography, micrography etc; films, sensitive plates and papers

Trade Names: Kodak Parent Company: Eastman Kodak Company, Rochester, New

York Financial Information:

Sales turnover Profit after tax

31 .12.86 FF'OOO

5,179,000 22,000

Principal Shareholders: Eastman Kodak Company No of Employees: 6,000

LE CARBONE-LORRAINE See CARBONE-LORRAINE, LE,

LILLY FRANCE SA 203 Bureaux de La Colline, 92213 St Cloud Cedex Tel: (1) 49.11.34.34 Cable: Lillyfra Telex: 270227 Telefax: (1) 46.02.27.67

31 .12.87 FF'OOO

5,457,000 456,000

Board of Directors: Felix Mosbacher (President-Directeur General)

Management: Felix Moxbacher (President-Directeur General), Mme Franc;:oise Rossignol (Directeur General, Pharmacien Responsable), Marc Launay (Vetenaire Responsable)

64

Senior Executives: Luc Van Caeneghem (Directeur Financier), Bernard Allaire, J P Rohmer, F Champavere, 0 Heyl (Directeur Usine)

PRINCIPAL ACTIVITIES: Wholesale herbicides and veterinary products; pharmaceuticals, cosmetics

Trade Names: Elanco, Lilly Parent Company: Eli Lilly & Co Principal Bankers: CIAL; Societe Generale; BNP; Indosuez;

BFCE Financial Information:


31.12.87 FF'OOO

1,727,608 44,627 27,230

106,886

Principal Shareholders: Eli Lilly SA, Geneva, Switzerland No of Employees: 1,068

LUBRIZOL FRANCE SA 25 Quai de France, F-76100 Rouen Tel: 35.72.04.09 Telex: 180641

Board of Directors: Gerard Angoustures (PreSident Directeur General)

Management: Gerard Angoustures (PreSident Directeur General), Gerard Prieur (Directeur General Adjoint), JeanPierre Parrault (Secretaire General)

Senior Executives: Claude Barrault (Commercial), Patrick Saunier (Achats), Sybille Vignale (Ventes), Jean Beaujouan (Comptabilite), Xavier Ridel (Personnel)

PRINCIPAL ACTIVITIES: Manufacture of additives for lubricants Trade Names: Anglamol, Lubrizol Parent Company: Lubrizol, USA Financial Information:

Sales turnover


MANVILLE DE FRANCE SA Centre de Vie, 42162 Andrezieux Cede x Tel: (77) 36.60.55 Telex: 380394 Telefax: 47.49.58.24

FF'OOO 1,750,000

Management: J P Guibert (PreSident Directeur General) Executives: B van Herpen (Directeur General)

PRINCIPAL ACTIVITIES: Insulation and refractory products; filter aids and filters; building insulation products

Trade Names: CELlTE, CERA, CERAWOOL, CERA CHEM, FESCO

Parent Company: Manville Corporation, USA Principal Bankers: Societe Generale Financial Information:


1986 FF'OOO

366,443 72,001

Principal Shareholders: Manville Corporation No of Employees: 400

METAUX PRECIEUX (CIE DES) 4 rue Beaubourg, F-75004 Paris 4E Tel: (1) 42.77.15.12 Telex: 220271 f Telefax: (1) 42.72.46.20

Board of Directors: C Azieres (President)

1987 FF'OOO

378,063 72,001

Senior Executives: S Aubert (Secretaire General), J-P Savy (Finance), Marcel Hoogewys (Directeur General Adjoint)

PRINCIPAL ACTIVITIES: Precious metals; chemicals, equipment and waste metal recovery, industrial products and jewellery

Trade Names: CMP Engelhard


Sales turnover

Principal Shareholders: Engelhard Corporation


FFOOO

2,000,000

MINES DE POTASSE D'ALSACE SA

MDPA 11 avenue d' Altkirch, BP1270, F-68055 Mulhouse Cedex

Tel: (89) 54.90.15

Cable: Midoma Mulhouse

Telex: 881 834 mdpa mulhs

Board of Directors: Paul Prevot (President)

Senior Executives: Jean Claude Leborgne (Directeur de I'Exploitation), Paul Costentin (Directeur du Personnel et des Relations Humaines), Claude Niedergang (Directeur Financier), Alain Godard (Directeur Commercial), Philippe Badet (Directeur de l'Administration Generale et du Communications), Michel Bodu (Directeur des Etudes et d'ingenerie). Jean-Marc Bouzat (Secretaire General)

PRINCIPAL ACTIVITIES: Mining; manufacture of fertilisers; potassium chloride. bromine. carbonate and bicarbonate

Parent Company: EMC (Entreprise Miniere et Chimique)

Subsidiary Companies: Cocentall; ACRR


Sales turnover

(Loss) before tax

(Loss) after tax

Share capital

Shareholders funds

31.12.87

FF'OOO

1,505,000

(269,061)

(269,061)

520,000

307,000

Principal Shareholders: EMC (Entreprise Miniere et Chimique)

MINIERE ET CHIMIQUE, ENTREPRISE, 62 Rue Jeanne d'Arc. 75641 Paris Cedex 13

Tel: 45.84.12.80

Telex: 200191 f

Telefax: 45.86.73.92

Supervisory Board: M de Torquat (Chairman). E Cazimajou, J Audibert. C Gautier. H Untereiner. P Fricker, J Poly, Y Cosse, L Feder, C Malhomme, B Vial , G Bonte

Management Board: Rodolphe Greif (Chairman), G Descours, Bernard Denis (Finance), G Marchand

PRINCIPAL ACTIVITIES: Potash mining; chemicals including sulphates of potash and soda. chlorine and derivatives, MVC, PVC. gelatine; animal feedstuffs including provision of raw materials; speCialist breeding techniques; sea and river transport; engineering activities in the fields of mining, fertilizers, breeding, feedstuffs. chemicals, and industrial waste

Parent Company: The French State

Subsidiary Companies: Mines de Potasse d'Alsace; Ste Commerciale des Potasses et de I'Azote; Sanders; PecEngineering; Ste Artesienne de Vinyle; SOGEMA; Tessenderlo-Chemie; Northern Shipping Company; EMCBelgique

Principal Bankers: Banque de I'Indochine et de Suez; Banque Nationale de Paris

65

FRAl\.~(~ . _, ~ _ . LI


Sales turnover Profit before tax (Loss) after tax Share capital Shareholders funds

No of Employees: Group 13,534

31.12.86 FF'OOO

14,208,000 189,000

(2,700) 1,968,000 1,253,000

MITSUI & CO, FRANCE SA 37 avenue Pierre ler de Serbie, 75008 Paris Tel: (1) 47.23.78.71 Telex: 280930 Telefax: (1) 47.20.19.08

31 1 2.87 f FOOO

14.443.000 216,000 (56,200)

2.298,000 1,379,000

Management: Takeshi Kitano (President Directeur General) Senior Executives: Joji Okada (Directeur FinanCier), Masateru

Nakagawa (Directeur Service Engrais), Tomoyuki Ogata (Directeur Service Textile), Tadashi Shimizu (Directeur Service Machinerie). Akira Takeuchi (Directeur Service Produit Manufactures), Hiromasa Yamamoto (Directeur Service Recherche et Developpement), Etsuji Jamamura (Directeur Service Produits Chimiques)

PRINCIPAL ACTIVITIES: Importation and distribution of industrial equipment, organic and inorganic chemicals; ferrous and non-ferrous metals; textiles

Parent Company: Mitsui & Co Ltd, Japan Principal Bankers: Bank of Tokyo; Credit Lyonnais; Banque

Nationale de Paris; Mitsui Bank Financial Information:

31 .3.87 FF'OOO

Sales turnover 1,004,670 Profit before tax Profit after tax Retained profit Dividend Dividend per share Earnings per share Share capital

Principal Shareholders: Mitsui & Co Ltd No of Employees: 66

MOBIL OIL FRAN<;AISE

13,281 7,225

20,282 2,100

7FF 24FF

30,000

31 .3.88 FF'OOO

1,110,348 14,760 7,799

25,407 2,100

7FF 26FF

30,000

Tour Septentrion, Courbevoie, F-92081 Paris la Defense Cedex 9

Tel: (1) 47 .73.42.41 Telex: 610412; 610417 Telefax: (1) 47.73.47.04

Board of Directors: Marc Casanova (PreSident), Joe B Hinton, Jean Lefebvre, Paul Mostini, Georges P Racine, Roland Rieutort, Jean Rischmann, Guy Touron

Management: Marc Casanova (PreSident Directeur General), Guy Touron (Vice President), Michel Bonnet (Directeur du Departement Afrique du Nord et de I'Ouest), Georges Dupasquier (Directeur du Departement Ventes et Distribution), Andre Kemula (Directeur du Departement Plans et Etudes Strategiques), Pierre Lize (Directeur du Departement Relations), Marcel Martin (Directeur du Departement Comptabilite et Finances), Gabriel Pages (Directeur du Raffinage et des Projets Speciaux), Philippe Trepant (Directeur du Departement Logistique), Graeme M Wheatley (Directeur du Departement Juridique), Franlfois Ydier (Directeur du Departement Systemes d'informations et de Telecommunications)

PRINCIPAL ACTIVITIES: Refining , transport and distribution of petroleum products

Trade Names: Mobil Parent Company: Mobil Oil Corporation, USA Subsidiary Companies: Ets J Wallach SA (99.72%); Mobil Oil

Maroc (12.45%)

FRANCE Principal Bankers: Societe Generale; Banque de I'Union

Europeenne; Banque National de Paris; Credit Lyonnais; Credit Industriel et Commercial


Sales turnover Profit (loss) before tax Profit after tax Earnings per share Share capital

31 .12.86 FF'OOO

8,420,912 (586,071) 389,694 66.19FF 470,988

31.12.87 FF'OOO

7,701,877 338,361 154,510 26.24FF 470,998

Principal Shareholders: Mobil Oil Corporation and Mobil Corporation


MONTEDISON FRANCE Tour Franklin-Cedex 11, F-92081 Paris la Defense Tel: (1) 47.76.41.16 Telex: 620232 Telefax: (1) 47.74.72.85

Board of Directors: Giorgio Binder (President Directeur General) Senior Executives: Jacques Amselem (Chimie), Jean-Pierre

Dujour (Fibres SyntMtiques), Gianfranco Corazza (Ausimont), Mike Reynolds (Administration et Finances), Martine Duret (Relations Exterieures)

PRINCIPAL ACTIVITIES: Chemicals; synthetic fibres Parent Company: Montedison SpA, Italy Principal Bankers: BNP Financial Information:

Sales turnover

NAPHTACHIMIE

FF'OOO 1,000,000

Tour Neptune, Cedex 20, 92086 Paris la Defense Tel: 42.07.71.23 Telex: 410084 Telefax: 42.07.70.07

Board of Directors: Bruno Wiltz (President), B Laine (Vice President)

Management: Bruno Wiltz (President), Jean Cauquil (Directeur General), Pierre Thomas (Secretaire General)

Senior Executives: Guy Margail (Fabrication), Claude Frelin (Technique)

PRINCIPAL ACTIVITIES: Production of chemicals including naphtha

Parent Companies: Atochem (50%); BP Chimie (50%) Financial Information:

Share capital


NORSK HYDRO AZOTE

FF'OOO 140,000

46 rue Jacques Dulud, BP 133, 92202 Neuilly sur Seine Cedex Tel: (1) 47 45 17 34 Telex: 620404 F Telefax: 47 45 06 80

Board of Directors: Finn A Hvisteudahl (Chairman and General Manager), Mario Scardigli (General Manager)

Management: Finn A Hvisteudahl (Chairman and General Manager), Mario Scardigli (General Manager)

Senior Executives: Jean Simon (Secretary)

PRINCIPAL ACTIVITIES: Production of acids, agricultural and industrial nitrates, agricultural and technical urea and a wide range of other fertilisers

Parent Company: Norsk Hydro Subsidiary Companies: Ammoniac Agricole (66.66%); Legay

(77.11%); Phospho-Guano (98.23%); SIEC (99.84%); SNA (55.94%); Sofac (99.68%); Stica SA (99.94%); Azolacq (49.99%); Hurel (16.33%); Sonogra (10.01%); Windmill Holland (40%); Windmill International (40%)

66

Principal Bankers: Paribas; Credit Lyonnais; Societe Generale; Banque Nationale de Paris


Sales turnover (Loss) before tax (Loss) after tax (Loss) per share Share capital


ORSAN SA

31.12.86 FF'OOO

3,769,960 (303,790) (343,586)

(329.20FF) 104,371

Les Produits Organiques du Santerre 16 Rue Ballu, F-75009 Paris Tel: (1) 42.80.66.25 Telex: 650847 siasors f Telefax: (1) 42.85.17.17

31.12.87 FF'OOO

3,511,372 (179,618) (382,575)

(366.56FF) 104,371

Board of Directors: M Rose (Chairman and Chief Executive Officer), Ph Agid (Vice Chairman and Chief Executive Officer), P Dupre (Vice Chairman and Chief Executive Officer), A Clarou, B Collomb, B Coppee, P Coriat, L Dubois, M Horps, P Ie Hodey, M Yamada, Union d'etudes et d'investissements (represented by 0 de Pelet). Works committee: D Beranger, E Bulot, D Debray, R Hego

Management: Biochemicals: P Dupre (Management), M Drouet (Food Division), J-F Delaire (Marketing and Sales), Y Gentilhomme (Sales Administration), B Le Bras (Nesle Plant). Feed Division: G Dham (Management), H Vetter (Marketing and Sales), Y Tamura (Marketing), P Alix (Business Development), J-C Vaireaux (Amiens Plant), J Chaudret (US Lysine Operations-HLI). Industrial Operations: J Scellier (Industrial Operations and ResearCh), J-L Brehant (Technical), A Fauvel (Human Resources). Field Crop Seeds: Ph Agid (Management), H Goyon (Finance and Control), Ch Herrault (Strategy and Development), E Trinquand (Straw Cereals Development), J Mayen (Marketing and Sales), J Oudin (North American Activities), D Stamp (Wilson Hybrids USA), R Prinz (Western Plant Breeders USA), J-M Hingrez (Agrar Semillas). Vegetable and Flower Seeds: Ch Sayn (Management), T McKenney (Finance and ContrOl), H Humaydan (ResearCh), R Frazier (Production), M Luigi (International), R Parvel (Sales), D Berthon (Marketing), M Tessene (Development). Corporate Management: Scientific Management: B Jarry (Management), J Simon-Genilloud (Bioplant Activities), C Renaud (Biochemical Activities), J Labovitz (Research Sogetal USA), F Richaud (Research JV Orsan/Ajinomoto). Finance and Control Management: D Fabre (Manager)

PRINCIPAL ACTIVITIES: Manufacture of biochemicals including monosodium glutamate and amino acids; development and production of products originating from plants to meet the specific needs of agriculture or industry; these products with high added value may take the form of seeds, plants or metabolites of plant origin

Subsidiary Companies: (100% owned unless stated): Orsan; Orsan Corp (USA); Orsan Bio Inc (USA); Eurolysine (50%); Heartland Lysine Inc (50%) (USA); Wilson Hybrids Inc (USA); Harris Moran Seed Co (USA); Western Plant Breeders Inc (USA); Celpril Industries Inc (USA); Claeys Semences (26.7%); Sias Immobilier (65%)

Financial Information: Consolidated figures 31 .12.86

FF'OOO Sales turnover Profit before tax (Loss) after tax (Loss) per share Common stock Shareholders equity


1,212,776 7,034

(1,181 ) (0.45FF) 260,408 611,920

31.12.87 FF'OOO

1,236,643 18,656

(15,317) (5.8BFF) 260,40B 611,4B3

PARFUMS YVES ST LAURENT 28-34 Boulevard du Parc, F-92521 Neuilly Cedex

Tel: (1) 47.38.75.75

Telex: 611697

Board of Directors: Pierre Berge (President)

Management: Gilbert Deininger (Directeur Industriel), Pierre de Champfleury (Directeur General), Michel Chauvin (Directeur Export Filiales), Jean-Claude Monnot (Directeur Financier International), Jean-Francis Bretelle (Directeur General Adjoint), Chantal Roos (Directeur France Export)

Senior Executives: Jean-Fran90is Morio (Operations), Alain Boyer (Informatique), Pierre Forsans (Exportation), R Rouquet (Tresorier), Xavier Derville (Juridique), A Pachot (Contra Ie de Gestion), Jean-Marie Peltzer (Affaires Sociales), A Lamoureux (Finances, Controle de Gestion)

PRINCIPAL ACTIVITIES: Specialty chemicals; perfume and cosmetics

Principal Bankers: BNP


Sales turnover

PEC RHIN

FF'OOO

2,000,000

Produits et Egrais Chimiques du Rhin ZI, BP28, F-68490 Ottmarsheim

Tel: 89.26.53.26

Telex: 881854 FF Pecot

Management: Philippe Tessier (President), Friedrich-Wilhelm Konig (Directeur General)

Senior Executives: Bernard Neveu (Adjoint Technique), Serge Biechlin (Groupe EXA), Alain Durocher (Groupe EX E), Jacques Dirand (Group CTD-MEX-MAN-TRACT), Pierre Brunner (Achats), Jean-Marie Hoefferlin (Juridique, Ressources Humaines), Jean Guthmann (Comptabilite et Finances), Jean Sere (Informatique et Controle Gestion)

PRINCIPAL ACTIVITIES: Manufacture of fertilisers

Principal Bankers: CIAL


Sales turnover


FF'OOO

550,000

PECHINEY ELECTROMETALLURGIE Tour Manhattan Cedex 21, F-92087 Paris la defense

Tel: (1) 47.62.88.00

Telex: 614986 pelec f

Board of Directors: Jacques Lappion (President-Directeur General), Bruno Angles d'Auriac (Directeur General)

Senior Executives: Jacques Gani (Division Siderurgie), Eric Barillon (Division Chimie-fonderie), Philippe Lejay (Division Abrasifs et Refractaires), Fran90is Peyron (Division Magnesium Calcium), Jean-Michel Cheradame (Administration et Finances), Dominique de la Vallee Poussin (Gestion). Renaud de Villelongue (Personnel)

PRINCIPAL ACTIVITIES: Electrometallurgical products; metal powders; aluminium, chromium, manganese; chemicals; abrasives

Parent Company: Pechiney


Sales turnover

FF'OOO

3,000,000

67

FRANCE

PRIMAGAZ, COMPAGNIE DES GAZ DE PETROLE,SA 64 Ave Hoche, 75365 Paris Cedex 08 Tel: 42.67.30.00 Cable: Primagaz Paris B.P. 335-08 Telex: 290859 PRIMGAZ Telecopier: (1) 46.22.75.94

Board of Directors: Jean-Charles Inglessi (President-Directeur General), Albert Barraud, Pierre de Boccard, Henri GregOire. Christian Labouree, Jean-Maxime Leveque, Folkert Schukken. Alain Thiery, Societe Elpedema (representee par Robert Philippe Hoegen), Societe Mobil-Oil Fran9aise (representee par Marc Casanova)

Management: Jean-Charles Inglessi (President-Directeur General), Alain Thiery (Directeur General France), Robert Philippe Hoegen (Directeur General International)

Senior Executives: P Debrus (Direction de I'Exploitation). P Lavazais (Direction du Marketing, Etudes et du Developpement), Ch Eyraud (Direction de la Logistique et des Transports), F Lecluse (Direction du Personnel et des Affaires Sociales), J Pouplier (Direction Industrielle), J Vuillaumier (Direction Administrative), J-L Jacotin (Direction du Controle de Gestion), J Couton (Secretariat General du Groupe). A Delboe (Direction Comptable Groupe), M Tatinclaux (Direction Juridique), F Colonna (Direction des Affaires Internationales). P Bouron (Direction Technique Groupe)

PRINCIPAL ACTIVITIES: Production and distribution of liquid butane and propane gas

Subsidiary/Associated Companies: SAMIA (SA de Matenels Industriels et Artisanaux) (99.96%); Primagas-Krefeld GmbH (50%); Primagas-Dusseldorf GmbH (66.66%); Rhone-Gaz SA (49.37%); COBOGAL (Cie Bordelaise des Gaz liquefies) (50%); SMLF (Ste Metallurgique Liotard Freres) (68.670 0):

Tiro-Clas SA (99.72%); SOCOGIM (Ste de Construction et de Gestion Immobiliere) (99.5%); ADG (Ste Application des Gaz) SA (10%); SOPIA SA (49.99%); SOFINAT SA (36.86°0) SEFADIS (Ste Europeene de Fabrication et de Distnbutll)f1\ (99%); COFREM SA (98.68%); Liosaplast AG (47.49°0) (Switzerland); Primagaz Italiana SRL (2%) (Italy)

Principal Bankers: CCF; Societe Generale; Credit du Nord. BNP: Westminster; Banque Vernes et Commerciale de Paris. CIC: Cie Financiere

Financial Information: 31.12.86

FF'OOO 31 12.87

FFOOO Group turnover 2,114,037 2.320.067 Profit before tax 119,213 149.282 Profit after tax 68,925 94.023 Dividends 15,613 21.615 Dividends per share 13.20FF 16.50FF Earnings per share 31.17FF 40A5FF Share capital 59,137 65.500

Principal Shareholders: Elpedema Groupe (40%); U.A.P. (3.18%); Famille Fondatrice (2.79%); Esso SAF (0.68%); Group Personnel (2.45%); Mobil-Oil Fran9aise (8.61%); Credit Suisse (2.83%); Credit Lyonnais (1.35%); Le Continent (0.92%)

No of Employees: 995 (Primagaz); 2.207 (Group)

PROCIDA Quart Saint Marcel, BP 1. F-13367 Marseilles Cedex 11 Tel: 91.35.90 .35 Telex.' 410796 F Procida

Board of Directors: William de Robiano (President Directeur General)

FRANCE Senior Executives: J C Lampetaz (Production), Jean-Pierre de

Luri (Publicite), Georges Delage (Achats), Daniel Chanel (Ventes), Raymond Bardizbanian (Juridique), Robert Rey (Finances Comptabilite), Jean-Claude Duchon Doris (Relations Humaines)

PRINCIPAL ACTIVITIES: Production of sulphur and related compounds; insecticides and agricultural chemicals

Parent Company: Roussel UCLAF SA Principal Bankers: Credit Lyonnais; Societe Generale; Paribas Financial Information:

Sales turnover


FF'OOO 1,160,000

PRODUITS ROCHE ET SOCIETE CHIMIQUE ROCHE See ROCHE, PRODUITS, ET SOCIETE CHIMIQUE ROCHE

RHONE POULENC AGROCHIMIE 14-20 Rue P Baizet, BP 9163, F-69009 Lyon Cedex 09 Tel: (72) 29.25.25 Telex: 310098 rhone

Board of Directors: Philippe Desmarescaux (President-Directeur General), Alain Godard (Directeur General)

Senior Executives: Jean-Claude Choulet (Industrie), Michel Jouffret (Recherche et Developpement), Bernard Henrion (Marketing-Developpement), John Wiehtrich (International), Jean-Fran90is Labastire (Finances-Administration Organisation), Guy Ivol (Relations Humaines)

PRINCIPAL ACTIVITIES: Production of agricultural chemicals Parent Company: RhOne-Poulenc SA Financial Information:

Sales turnover


FF'OOO 3,750,000

RHONE POULENC CHIMIE DE BASE (SOCIETE) RPCB 25 quai Paul Doumer, F-92408 Courbevoie Cedex Tel: (1) 47.68.12.34 Telex: 610500

Board of Directors: Serge Tchuru (President Directeur General) Senior Executives: Emile Louapre (Commercial), Jean-LO"ic

Reumont (Administration et Juridique), Jean-Pierre Lac (Finances), Jean Guibert (Comptabilite), Jacques Richerd (Relations Humaines), Jacques Jordan (Information et Communication)

PRINCIPAL ACTIVITIES: Manufacture and sale of intermediate chemicals, chemical products and petrochemicals

Parent Company: Rhone-Poulenc SA Financial Information:

Sales turnover


FF'OOO 19,000,000

RHONE-POULENC ANIMAL NUTRITION Ave Edouard Vaillant, F-03600 Commentry Tel: 70.28.70.00 Telex: 990208 Telefax: 70.64.32.07

Management: Blaise Halluitte (President-Directeur General), Gino Odorico (Directeur General Adjoint)

PRINCIPAL ACTIVITIES: Manufacture and marketing of fine chemicals; feed and food additives (amino acids, vitamins, medicinal additives) .

Trade Names: METHIONINE, MICROVITS, CRYPTOVITS, SPIRAMYCINE, ENTRYMIX

68

Parent Company: Rhone Poulenc SA Financial Information:

1986 FF'OOO


Principal Shareholders: Rhone-Poulenc SA No of Employees: 1,000

RHONE-POULENC SA

1987 FF'OOO

1,955,000

25 quai Paul-Doumer, F-92408 Courbevoie Cedex Tel: (1) 47.68.12.34 Telex: 610500 rhone f

Board of Directors: Jean-Rene Fourtou (Chairman), R Beziau, R Cattenat, Monique Corgier, J Dangoumau, B Esambert, Y Martin, A Perroy, G Pfauwadel, J Poly, 0 Bailly, D Macadre, L Tessier, C Vacheret, R Belin, A Dupont-Fauville, A Merieux, JM Vernes

Management: Jean-Rene Fourtou (Chairman and Chief Executive Officer), Jean-Marc Bruel (Group Executive Vice President), P Demarescaux, I Landau, E V Musa, F Quarre

PRINCIPAL ACTIVITIES: Holding company with interests in the production of chemicals, pharmaceuticals and synthetic fibres. The Rhone-Poulenc Group is one of the important chemical groups in the world. It holds dominant market positions in chemical specialties, drugs and pharmaceuticals, agrochemicals, veterinary specialties, animal feed products, man-made fibres and products for communications systems

Consolidated Subsidiary Companies: (100% owned unless stated): AEC-Ste de Chimie Organique et Biologique (99.9%); Pharmuka SA (99.9%); Thann et Mulhouse; Prolabo (99.9%); RhOne-Poulenc Sante (92.1 %); Laboratoire Roger Bellon (63.9%); Institut Merieux (50.3%); Theraplix (99.9%); May & Baker Ltd (UK); RhOne-Poulenc Inc (USA); Viscosuisse SA (Switzerland); Rhodia AG (Germany); SAFA (Spain) (73.5%); Rhodia SA (Brazil); Donau Chemie AG (62.4%) (Austria); Rhodia AG (85.3%) (Germany); Rhone-Poulenc Chemie (67%) (Belgium); Viscosuisse SA (57.5%) (Switzerland); Cie Industrielle et Miniere (97.3%); Pregma (99.7%); RhOnePoulenc Industrialisation (92.2%); Rhone-Poulenc MultiTechniques (99.9%); Rhone-Poulenc Participations (99.9%); Rhodia Argentina Quimica y Textil SA (99.9%) (Argentina); Rhodia SA (Brazil); RhOne-Poulenc Pharma Italia SpA (Italy); Rhone-Poulenc Pharma de Mexico (99.9%); Vinal Industria Quimica Ltda (89.9%) (Brazil); Cia Panamena de Industrias Quimicas (Panama)

Financial Information: 31 .12.86 31.12.87

FF'OOO FF'OOO Sales turnover 52,694,000 56,160,000 Profit after tax 1,912,000 2,193,000 Dividends 354,000 421,000 Dividends per share 9.66FF 11.50FF Share capital 4,030 4,836

Principal Shareholders: The French State (Rhone-Poulenc was nationalised in February 1982)

No of Employees: 80,120 worldwide

ROCHE, PRODUITS, ET SOCIETE CHIMIQUE ROCHE 52 Boulevard du Parc, F-92521 Neuilly sur Seine Cedex Tel: (1) 46.37.77.00 Telex: 610788

Management: Jean-Luc Belingard (PreSident du Directoire)

PRINCIPAL ACTIVITIES: Production of chemicals including pharmaceuticals, vitamins and natural additives for the food industry

Parent Company: F Hoffman La Roche & Co AG, Switzerland Financial Information:

Sales turnover

FF'OOO 1,830,000

ROHM AND HAAS FRANCE SA 185 Rue de Bercy. 75012 Paris 12E Tel: (1) 40 02 50 00 Cable: Rohmhaas Paris Telex: 220819 romas a f

Board of Directors: Alexander Simitch (Chairman and General Manager)

Management: Alexander Simitch (Chairman and General Manager). R L Gupta (Assistant General Manager). M GasserCoze (Financial Manager). S P Ellis (Sales Manager)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemicals for agriculture and industry; ion exchange resins. acrylic emulsions. fungicides. herbicides. surfactants. oil additives, PVC modifiers. plastics and plasticizers

Parent Company: Rohm & Haas. USA Subsidiary Companies: Duolite International SA Principal Bankers: Morgan Guaranty Trust Co; Credit Lyonnais;

First National Citibank Financial Information:

Sales turnover FF'OOO

2.120.000

Principal Shareholders: Rohm and Haas Company. USA No of Employees: 1.300

ROQUETTE FRERES SA BP 01. F-62136 Lestrem Tel: (21) 579911 Telex: 810858 F

Management: Alain Philippart (Directeur d'Usine). Henri Mangin (Directeur Fabrication). Gerard Lourme (Directeur du Personnel). Henri Compere (Bureau d·Etude). Philippe Rousseaux (Achats). Jean Knockaert (Directeur Informatique)

PRINCIPAL ACTIVITIES: Manufacture of food products including flours. sweeteners and flavourings; chemicals for the food and pharmaceutical industry


Sales turnover

No of Employees: 2.000

ROULLlER, GROUPE,

FF'OOO 3.800.000

27 av Franklin Roosevelt. 35408 Saint Malo Cedex Tel: 99.56.22.25 Telex: 950110 Telefax: 99.56.22.25

Board of Directors: Daniel Roullier (PreSident Directeur General) Management: Daniel Roullier (PreSident Directeur General).

Daniele Cappe (Directeur General). Pierre Helias (Directeur General-Marketing)

PRINCIPAL ACTIVITIES: Fertilisers; animal feedstuffs; agroindustrial equipment; detergents and hygiene products; lubricants; plastics transformation

Trade Names: EUROFERTIL Subsidiary Companies: TIMAC SA; SECMA; EPC RENO;

TIMAB; TIMAC-POTASCO; ABO NOS DE NAVARRAS; WILLIAM HOUDE; DONAU RENO; HYPRED; COMIA-FAO; TIMAC UK; TIMAC-SUISSE; TIMAC DEUTSCHLAND; AGRIPLAS; SEDE; RENO SA

PrinCipal Bankers: Societe Generale; Credit Lyonnais; Paribas; BNP; Banque de Bretagne; Credit Agricole; Credit Chimique; BRED



31.12.86 FF'OOO

2,452.918 49,500 48.500

Principal Shareholders: Roullier Family No of Employees: 1.860

31.12.87 FF'OOO

2,305,672 74,775 48.500

69

FRANCE ROUSSEL UCLAF SA 35 Blvd des Invalides, F-75007 Paris Tel: 40.62.40.62 Cable: Rousseluclaf Paris Telex: 200675 Telefax: 33 (1) 45.51.96.05

Board of Directors: Jacques Brunet (Honorary President), Christian d'Aumale (President), Henri Monod (Vice President). Pr Jean Dausset. Jurgen Dormann, Bernard Esambert, Dr Martin Fruhauf. Pr Hansgeorg Gareis. Renaud de la Geniere. Serge Kampf, Dominique de la Martiniere. Dr Gunter Metz. Pr Gerard Milhaud

Board of Management: Dr Edouard Sakiz (PreSident), Pierre Joly (Vice-PreSident and General Manager), Alain Madec. Maurice Rougeron, Alain Boulloche (General Managers)

PRINCIPAL ACTIVITIES: Pharmaceuticals, chemicals, food. health, medical. industrial and veterinary products

Trade Names: Lutsine Line. PL 100. Endocil. Alburone, Shak, Renutryl 500, Decis, Stenorol

Subsidiary Companies: France: Les Laboratoires Roussel; Laboratoires Cas sene; Laboratoires Diamant; Laboratoires Houde; Laboratoires Takeda; Distriphar Laboratoires Lutsia; Comptoir de Vente Interphar. UK: Roussel Laboratories Ltd. Italy: Roussel Italia; Roussel Maestretti; Sochimia; Roussel Hoechst Agrovet; Scharper SpA. Germany: Albert Roussel Pharma GmbH. Austria: Albert Roussel Pharma GmbH. Belgium: NV Roussel SA. Netherlands: Roussel BV; Sochiphar BV. Spain: Roussel Iberica; Procida Iberica; Uclaf Espanola

Principal Bankers: CCF; Paribas; BNP; BUE; Societe Generale; Credit Lyonnais; Banque Dreyfus

Financial Information: 31.12.86' 31.12.87

FF'OOO FF'OOO Sales turnover 9.850.600 9.683,200 Net income 344,800 467.500 Ordinary dividends 90,000 90.000 Dividends per ordinary share 24.00FF 24.00FF Dividends per preference

share 31.50FF 31.50FF Earnings per share 64.49FF 87.44FF Share capital 534.700 534.700 Shareholders funds 3,588.700 3.956.900 'new accounting method

Principal Shareholders: West German Hoechst Group (54.5%); French State (36.25%); Others (9.25%) (of which 3.75% transferred by the State to Compagnie Financiere de Suez in 1985)

No of Employees: 14,786 Group; 8.580 France

ROUSSELOT, COMPAGNIE, SA 8 Rue Christophe Colomb. F-75008 Paris 8E Tel: 47 23 01 50 Cable: Tolessuor Paris Telex: 610551

Board of Directors: Jean-Frant;:ois Dehecq (PreSident Directeur General). Michel Chauvin, Jacques Don. Michel Barbier de Chalais (Secretaire du Conseil), Georges Gauthy. Xavier Moreno, Raymond Ortal, Paul Prunet. Jacques Roy. SANOFI ELF BIO INDUSTRIES (Representee par Michel Barbier de Chalais). Administrateurs Representant Ie Personnel: JeanPaul Bruguier, Diego Lopez. Michel Richard. Thierry Devillierre

Management Jean-Frant;:ois Dehecq (President-Directeur General)

Senior Executives: Jacques Don. Edouard Fonlladosa. Michel Barbier de Chalais. Michel Chauvin. Pierre Fossati

PRINCIPAL ACTIVITIES: Gelatines, animal fats and proteins, raw materials for animal feed. veterinary products

Parent Company: SANOFI ELF BIO INDUSTRIES, Paris

FRANCE Subsidiary/Associated Companies: SARIA (99.5%); Ste Avizote

(49.9%); SCPO (49.9%); Union Proteine (99.5%); Lugan & Cie (50.3%); SIMO (75%); Trublin & Cie (33.3%); CRSO (49.9%); Mero Rousselot Satia Benelux (Belgium); Rousselot Italia (Italy); Rousselot Limited (UK); Peter Cooper Corp (USA)


Sales turnover net FF'OOO

1,600,000

Principal Shareholders: SANOFI ELF BIO INDUSTRIES (99.99%) No of Employees: 2,075

SAFIC-ALCAN & CIE 3 rue Bellini, F-92806 Puteaux Tel: 47.76.41 .41 Cable: Myrtil-Paris Telex: 620190 alcan

Board of Directors: Alain Alcan (PreSident and General Manager)

Management: Alain Alcan (President and General Manager), Daniel Mayer (Director General), Jacques Muller (Secretary General)

Senior Executives: Franc;:ois de Rougemont (Finance)

PRINCIPAL ACTIVITIES: Manufacture, import and trade in rubber, plastic and chemicals

Subsidiary Companies: (100% owned unless stated): Alcomex SA (68.75%); Cie Lorraine des Compounds Plastiques C.L.C.P. (99.92%); Etresa SA (99.4%); Polychimie SA (99.98%); Ste des POlymeres Techniques "Polytechs" SA (99.99%); S Obepic SA (96.5%) (Belgium); SAl. SpA (99.9%); Isisa Barcelone (Spain); Hecht, Heyworth & Alcan Ltd; Hecht Heyworth & Alcan (Chemicals) Ltd (UK); Alcan Rubber & Chemical Inc (USA)


Sales turnover

PrinCipal Shareholders: UNIFIN BV (81.5%) No of Employees: 140

SANOFI 40 Avenue George V, F-75008 Paris Tel: (1) 47.23.01.50 Telex: 650214

FF'OOO 3,470,000

Board of Directors: Rene Sautier (PreSident and Chief Executive Officer), Jean-Fram;:ois Dehecq (Vice President and Managing Officer), J Bonnet de la Tour, M Pecqueur, A Midy, P Midy, B Roger, Societe Nationale Elf Aquitaire (represented by G Rutman)

Management: Rene Sautier (President and Chief Executive Officer), Jean-Franc;:ois Dehecq (Vice President and Managing Officer), Jean Lecendreux (Secretary)

Senior Executives: Michel de Haas (Legal), Jean-Paul Leon (Finance)

PRINCIPAL ACTIVITIES: Pharmaceuticals, chemicals, animal health, perfumes and beauty products, fragrances and flavours

Parent Company: Elf Aquitaine (61%) Subsidiary Companies: Pharmacy: Choay SA; Laboratories Clin

Midy; Laboratoires Labaz; Laboratoires Millot-Solac; Laboratoires Roland-Marie; Diagnostics Pasteur; Clin-Midy International; Sanofi Pharma International; Subsidiaries in Belgium, Italy, Great Britain, West Germany, Netherlands, Spain, Switzerland, United States, Morocco, Greece, Brazil, Mexico. Chemicals: Sempa Chimie; Sapchim; Francis; Moehs; Sintebras; Animal health: Sanofi Sante Animale and 10 subsidiaries abroad. Cosmetic and Perfumery companies: Yves Rocher; Roger & Gallet; MOlyneux; Van Cleef & Arpels; Stendhal, and 15 subsidiaries abroad; Associated Companies: Laboratoires Wyeth-Byla; Laboratoires Searle; Laboratoires Whitehall

70

Financial Information: Consolidated data

Sales turnover Profit after tax Dividends Dividends per share Share capital


SCHERING SA

1986 FF'OOO

12,376,996 494,950 205,535 16.50FF

1,245,670

1987 FF'OOO

12,635,050 1,470,680

252,570 18.00FF

1,403,170

Rue de Toufflers, ZI Roubaix E, 59390 Lys Lez-Lannoy Tel: (20) 75.97.20 Telex: 130923 scher f

Management: Klaus Buelow (President), Xavier Guille des Buttes (Directeur General), Isabelle Castel (Directeur General), Deter Renner (Directeur General)

PRINCIPAL ACTIVITIES: Manufacture of pharmaceutical and chemical products

Parent Company: Schering AG, West Germany Principal Bankers: BNP; Societe Generale; Deutsche Bank;

Banque Franco-Allemande; Paribas Financial Information:

Sales turnover Share capital Shareholders funds


SCPA

31.12.86 FF'OOO

1,396,000 92,600

160,900

31.12.87 FF'OOO

1,460,000 92,600

140,000

Societe Commerciale des Potasses et de l'Azote 2 Place du General de Gaulle, 68053 Mulhouse Cedex Tel: 89.46.02.21 Cable: Socopota Telex: 881 .612 pota mulhs Telefax: 89.45.79.17

Board of Directors: Rodolphe Greif (President), Jacques Lafont (Administrateur Directeur General), Entreprise Miniere et Chimique, Mines de Potasse d'Alsace SA, M Denis, M Hervieu, M Poly, M Joutard, M Lambert, M Mangin, M Descours, M Vo Van Qui, M Faedy

Management: Jacques Lafont (Administrateur Diecteur General), Marc Loze (Secretaire General), Alain Godard (Directeur Commercial Potasse), J P Schlaefflin (Directeur du Developpement), Bernard Portal (Directeur International), Georges de Beaucorps (Directeur Technique)

PRINCIPAL ACTIVITIES: Trade in mineral products, chemicals, manufactured products for agriculture, commerce and industry

Trade Names: Potasse d'Alsace Parent Company: Entreprise Miniere et Chimique - Paris SubSidiary and Associated Companies: Societe Generale

Maritime (99.4%); Rodez Engrais (97.3%); Ste Nantaise des Engrais (42.5%); Ste Tropicale d'Engr. & Prod. Chimiques (90%); S.S.E.P.C. (90%); S.E.P.C.M. (80%); S.R.E.P.C. (80%); S.E.P.CAE. (40%); Alsacienne de Gestion et d'informatique (67%); Deleuze Bonhomme (44%) and others in Nigeria

Principal Bankers: Credit Industriel d'Alsace et de Lorraine; Banque Nationale de Paris; Banque de !'Indochine et de Suez; Credit Lyonnais; Credit Commercial de France; Banque Franc;:. Commerce Exterieur



1986 FF'OOO

4,657,945 (4,649)

107,500

1987 FF'OOO

4,489,671 2,509

107,500

Principal Shareholders: Entreprise Miniere et Chimique (93.02%); Mines de Potasse d'Alsace (6.97%)


SHELL CHIMIE SA 25 rue de la Republique, BP 319, F-92506 Rueil-Malmaison

Cedex Tel: 47 52 27 00 Telex: 632051

Board of Directors: Pierre Yves Masson (President Directeur General)

Management: Pol Bochy (Petrochimie), Nguyen Quoc Khanh (Gestion, Finance et Logistique), Dominique Boot (Industrie), Philippe Emery (Specialites)

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals including detergents, solvents, elastomers, and additives

Trade Names: Cariflex, Vapona, Teepol, Fastac, Temana, Propsac

Parent Company: Royal Dutch Shell, Netherlands SubSidiary Companies: Agrishell; Cochime, Dorlyl, Isobox,

L.M.A. Financial Information: Consolidated figures

Sales turnover


SHELL FRANCAISE SA 29 Rue de Berri, 75397 Paris Cedex 08 Tel: 45.61.82.82 Telex: 280125 F

FF'OOO 6,000,000

Board of Directors: Henri Pradier (President), Bernard Calvet, Pierre Esteva, Jacques Delubac, Hans Pohl, Henny de Ruiter, Lodewijk van Wachem, Leonard Carous

Management Committee: Henri Pradier (President), Bernard Calvet (Vice President Raffinage Commercial), Pierre-Yves Masson (Vice President Chimie), Augustin Renaud (Vice President Marketing et Gaz de Petrole Liquefies) Peter D S Hadfield (Vice President Finances et Administration), Claude Niewbourg (Vice President Relations Humaines), Jacques Beulaygue (Directeur de la Communication et des Relations Exterieures), Jean-Jacques Dell' Amico (Directeur de la Recherche), Philippe Allehaut (Directeur des Lubrifiants), Claude Cabotin (Directeur de Butagaz), Pacifique Le Clere (Directeur de Reseau)

PRINCIPAL ACTIVITIES: Production, refining and distribution of petroleum; sale of liquefied petroleum gas

Trade Names: Shell Parent Company: Shell Petroleum NV, Netherlands (98.4%) Subsidiary Companies: (100% owned unless stated): Shell

Chimie SA; Butagaz SNC; Cie Rhenane de Raffinage (65%); Shell Recherche SA (SRSA); Societe Maritime Shell SA (SMS); Agrishell SNC, Isobox SA; Dorlyl SNC (60%); Application des Gaz SA (Camping Gaz) (70%)

Financial Information: Consolidated figures 31.12.86

FF'OOO Sales turnover 29,935,960


SLEA Societe des Lubrifiants Elf Aquitaine elf lub

31.12.87 FF'OOO

23,600,000

55-65 Rue Camille Desmoulins, F-92133 Issy les Moulineaux Tel: (1) 47.65.11.11 Telex: 260058 F Hr Issy Telefax: 47.65.13.01

Board of Directors: Paul-Bernard Sauvaigo (President Directeur General), Claude Fabre, Raphael Hadas Lebel, Pierre Godec,

71

FRANCE Pierre Simonnet, Michel Beaudout, SNEA (representee par Marc Perrin)

Management: Paul-Bernard Sauvaigo (President Directeur General), Antoine Jonglez (Directeur General), Dominique de Riberolles (Secretaire General), Eric Painvin (Directeur Commerce International et Marine), Hugo Vogeleer (Directeur Succursale d'Anvers), Jean Magot (Directeur Produits)

PRINCIPAL ACTIVITIES: Production and distribution of lubricating oils

Trade Names: ELF LUB Parent Company: Elf France-Ultimate holding company-SNEA Subsidiary Companies: (100% owned unless stated): Elf Olie

Damenark; HAFA DAX (99.9%); Ocean Oil (99.9%) (UK); Ets Beaufrere (98.9%); EPSEA (Singapore); ELSA (Taiwan); Gas and Petroleum (90%) (Hong Kong); ELFISA (90%) (Spain)

Principal Bankers: Societe Generale Financial Information:

31.12.86 FF'OOO

31.12.87 FF'OOO

Sales turnover 1,960,000 1,880,000 Profit before tax 156,000 147,000 Profit after tax 88,000 81,000 Dividend 42,000 50,000 Dividend per share 78.00FF 89.00FF Earnings per share 160.40FF 144.00FF Share capital 112,200

Principal Shareholders: Elf France; SNEA No of Employees: 950

socn~TE CHIMIQUE DE LA GRANDE PAROl SSE See CHIMIQUE DE LA GRANDE PAROISSE, SOCIETE,

561,000

SOCIETE FRANCAISE EXXON CHEMICAL See EXXON CHEMICAL, SOCIETE FRAN9AISE,

SOCIETE FRANCAISE HOECHST See HOECHST, SOCIETE FRAN9AISE,

SOCIETE NATIONALE ELF AQUITAINE See ELF AQUITAINE, SOCIETE NATIONALE,

SOGO ET CIE 58 Avenue Charles de Gaulle, F-92200 Neuilly sur Seine Tel: (1) 47.47.11.60 Telex: 620415 F Sogo

Board of Directors: A Gobert (President-Directeur General), Y Fomine (Vice-President Directeur General)

PRINCIPAL ACTIVITIES: Supply of food additives and chemicals for the food industry

Principal Bankers: Banque Commerciale pour l'Europe du Nord; Societe Generale; Banque Dupont


Sales turnover

SOUFFLET, ETS JEAN, SA

FF'OOO 1,680,000

Quai du General Sarrail, F-10400 Nogent Sur Seine Tel: 25.39.98.10 Telex: 840610

Board of Directors: Michel Soufflet (PreSident Directeur General), Guy Trannois (Directeur General Adjoint)

Senior Executives: Raoul Veit (Developpement), Jean-Pierre Dresti (Commercial), Laurent Bernasse (Finances)

PRINCIPAL ACTIVITIES: Trade in animal feedstuffs, fertilisers, malt and chemicals

Financial Information.

Sales turnover


FF'OOO 9,000,000

FRANCE SOULES, ETS, & CIE 204 Rond-Point du Pont de Savres, F-92516-Boulogne

Billancourt Tel: 46.08.81.80 Telex: 203.382 RISOB Telefax: 46.08.81.57

Board of Directors: Pierre Caillau (President Directeur General), Madame Jacques Caillau, M Angele, Jacques Caillau

Senior Executives: Albert Bouaziz (Directeur Commercial), Yves de Boussac (Directeur Commercial), Jean-Pierre Duffo (Directeur Commercial), Frank Mandefield (Secretaire General)

PRINCIPAL ACTIVITIES: Trade in cereal products Subsidiary Companies: ABC Bio Industries Principal Bankers: B.F.C.E.; Credit Lyonnais; Banque Indosuez Financial Information:

Sales turnover

1986 FF'OOO

2,157,715

1987 FF'OOO

2,200,000

Principal Shareholders: Pierre Caillau; Marcel Angele No of Employees: 44

STREICHENBERGER SA 21 Quai Tilsitt, F-69002 Lyon 2e Tel: 78 92 68 68 Cable: Streich-Lyon Telex: 310071

Board of Directors: J-F Piou (President and General Manager), J Streichenberger (Vice President), P-C Streichenberger (Vice President)

Senior Executives: M Cras (Sales), M Ballot (Sales), M Robert (Accounting and Finance), M Laborderie (Personnel)

PRINCIPAL ACTIVITIES: Distribution of motor fuel; wholesale fertilisers; roofing tiles; central heating equipment

Parent Company: BP France Principal Bankers: Credit Lyonnais; Banque de France; Societe

Generale; BNP Financial Information:

Sales turnover

Principal Shareholders: BP France No of Employees: 1 ,500

FF'OOO 2,000,000

TECHNIP, COMPAGNIE FRANCAISE D'ETUDES ET DE CONSTRUCTION, SA 170 place Henri Regnault, F-92090 La Defense Cedex 23 Tel: (1) 47.78.21.21 Telex: TCNIP A 612839 F

Board of Directors: Pierre-Marie Valentin (President and Chief Executive Officer)

Management: Pierre-Marie Valentin (President and Chief Executive Officer), Lucien Sajus (Senior Executive Vice President), Michel Jacob (Vice PreSident, Finance and Control Division), Jacques Marchand (Director Sales)

PRINCIPAL ACTIVITIES: Design and construction of complete industrial installations for the hydrocarbon, chemical, petrochemical, energy, environmental protection, food processing industries, building materials, pulp and paper industry

Trade Names: TECHNIP Subsidiary Companies: CLE; Technip Geoproduction;

Agrotechnip; Technipetrol; Tipiel, SGN; Esia; Ipedex; Sidem; 21M; Tecplant Ingest; Petrolinvest

Principal Bankers: Societe Generale; BNP; Credit Lyonnais; Indosuez; Pari bas


Sales turnover

FF'OOO 2,650,000

72

Principal Shareholders: Isis-IFP (28%); Elf Aquitaine (33%); Total Group; Financial Establishments (5%); Gaz de France (18%)


THANN ET MULHOUSE S.A. 95 rue du General de Gaulle, BP 18, F-68800 Thann Tel: 89.37.02.33 Cable: Chimiques Thann Telex: 881 361 Thann

Board of Directors: Raymond Bonneau (President), Guy Sebban (Directeur General Adjoint)

Senior Executives: Jean-Michel Rondier (Directeur Usine Thann), Robert Bigand (Directeur Usine Le Havre), Bernard Fehr (Technique), J Marie Cuzol (Personnel)

PRINCIPAL ACTIVITIES: Manufacture of titanium oxide, titanium derivatives from titanium tetrachloride, sulphuric acid and derivatives, derivatives of zirconium, and iron sulphate

Trade Names: Titafrance Parent Company: Rhone Poulenc SA Subsidiary Companies: Potasse et Produits Chimiques SA Principal Bankers: Societe Generale Alsacienne de Banque;

Banque Nationale de Paris; Credit Lyonnais; Banque Fran<taise du Commerce Exterieur


Sales turnover


THOMAS, GROUPE, 9 Rue des Frares Magen, F-47008 Agen Tel: 53.66.65.64 Telex: 541265

FF'OOO 1,400,000

Management: Pierre Cambon (President du Directoire)

PRINCIPAL ACTIVITIES: Production of chemicals Financial Information:

Sales turnover

TIMAC SA

FF'OOO 3,000,000

27 Avenue Franklin Roosevelt, F-35408 St Malo Tel: 99.56.22.25 Telex: 950110 Telefax: 99.56.22.25

Board of Directors: Daniel Roullier (President Directeur General) Management: Daniel Roullier (President Directeur General),

Francis Le Bleis (Directeur General), Daniel Collin (Directeur General)

PRINCIPAL ACTIVITIES: Manufacture of fertilisers, animal feedstuffs and agricultural chemicals

Parent Company: CFPR Subsidiary Companies: T1MAC-UK; TIMAC-SUISSE; ABONOS

DE MANARRA; TIMAC-POTASCO; T1MAB; SEDE; TIMACDEUTSCHLAND


Sales turnover

Principal Shareholders: CFPR No of Employees: 605

FF'OOO 1,000,000

TOTAL COMPAGNIE FRANCAISE DES PETROLES 5 Rue Michel-Ange, F-75781 Paris Cedex 16 Tel: (1) 47.43.80.00 Cable: Petrocaise Paris Telex: 611992 F TOTAL Telefax: (1) 47.43.74.97

Board of Directors: Fran<tOis-Xavier Ortoli (Chairman and Chief Executive Officer), Louis Deny (Executive Vice President), Jacques Morizet. Pierre Desprairies, Pierre Dreyfus, Pierre

Giraudet, Jean-Yves Haberer, Jerome Monod, Georges Plescoff, Armand Guilbaud, Edouard de Royere

Management: Fran/fois-Xavier Ortoli (Chairman and Chief Executive Officer), Louis Deny (Executive Vice President), Pierre Capoulade (Senior Management Officer), Alain Brion (Senior Management Officer), Pierre Vaillaud (Senior Management Officer), Armand Guilbaud (Senior Management Officer), Jean-Charles Rouher (Company Secretary)

PRINCIPAL ACTIVITIES: Oil and gas exploration, production, refining and distribution; petrochemicals; uranium ore and coal mining; solar energy

Trade Names: TOTAL Principal Subsidiary/Associated Companies: (100% owned

unless stated): TOTAL Compagnie Fran/faise de Navigation (99.5%); CRD TOTAL France (59.8%) Total Compagnie Miniere; Total Energie Developpement; Total Chimie; Totalgaz-Cie Fran/faise des Gaz liquefies; Hutchinson (76.3%); OFP-Omnium Financier de Paris (52.46%); PretabailSicomi (18.2%); Total Oil Marine Ltd (UK); Total Oil Great Britain Ltd (UK); Total Marine Norsk (Norway); Total Marine Exploitatie (Netherlands); Total Raffinaderij Nederland NV (Netherlands); Total Algerie (Algeria); Total Indonesie (Indonesia); Total Petroleum (North America) Ltd (49.7%) (Canada and USA)


Group net sales Profit (loss) after tax Dividends' Dividends per share net' Earnings per share' Share capital 'Parent Company only

31.12.86 FF'OOO

95,722,000 (1,246,000)

721,618 20FF

28.08FF 1,804,044

Principal Shareholders: French State (35%) No of Employees: 40,500 Group, 20,500 France

UNION CARBIDE FRANCE SA

31.12.87 FF'OOO

87,087,000 1,456,000

725,000 20FF

40.20FF 1,812,000

4 Place des Etats Unis, Silic 214, F-94518 Rungis Cedex Tel: (1) 46.87.22.11 Telex: 200049 F Ucfsa

Board of Directors: Maurice Marcellin (President Directeur General)

Senior Executives: Xavier Grenier (Administratif et Personnel), Louisa Gerbens (Conseiller Juridique), Guy Peirotes (Finances)

PRINCIPAL ACTIVITIES: Supply of resins, plastic products and chemicals for refrigeration

Parent Company: Union Carbide Corporation USA Principal Bankers: Societe Generale Financial Information:

Sales turnover


VALLOUREC

FF'OOO 1.200,000

7 Place du Chancelier Adenauer, 75116 Paris Cedex 16 Tel: (1) 45.02.30.00 Telex: valre paris 611.906 f

Board of Directors: A Leenhardt (President-Directeur General), J C Cabre (General Manager), J Gandois, R Granier de lilliac, J Guyot, R Hudry, J Laballery, M Laure, R Loubert, F Mer, J Monod

Management: A Leenhardt (President-Directeur General)

PRINCIPAL ACTIVITIES: The Vallourec Group is present In three main areas of activity. It is the only seamless steel-tube manufacturer in France (producing carbon, alloy, stainless and non-ferrous pipes and tubes) and is a world leader in this field. In addition Vallourec is highly active in other diverse

73

FRANCE metallurgical operations and is a major force in construction, industrial installations and specialised engineering services

Subsidiary Companies: TUBES AND FINISHED ARTICLES: Valtubes: Anval Nyby Powder AB (Sweden); Cabval (50%) (USA); Escofier Inc (USA); Escofier Technologie (65%); Hughes Drill Pipe Assembly (50.8%); Interfit; Placements Vallourec Inc (Canada); Sanecap (63.3%) (Belgium); Sidro Rohrbogen (Consolidated) (Germany); Specitubes; Starval; Valinox; Vallourec Holdings Inc (USA); Vallourec Inc (USA); Vallourec Industries; Vallourec Industries Inc (USA); Valmont; Valti (80%); Vam Premium Connections (51%) (Canada); Vam PTS (51%) (USA). OTHER METALLURGICAL ACTIVITIES: Sopretac; Affival; Affival Inc (USA); Biraghi Entrepose (75%); Cerec; Tubauto; Industube (21.2%) (Morocco); No Sag (44%); Souby (43.9%); Sotaci (25%) (Ivory Coast). CONSTRUCTION: Valinco (50.5%); GTM-ENTREPOSE (21.7%)

Principal Bankers: Societe Generale; Banque Nationale de Paris Financial Information:


31.12.86 FF'OOO

6,186,362 508,964

31.12.87 FF'OOO

5,475,645 508,964

Principal Shareholders: COFINAN (Groupe Nord Est); Usinor No of Employees: 24,000 Group

FRANCE

74

Major Companies of GERMANY

75

------------------------------------_._---

3M DEUTSCHLAND GMBH Carl-Schurz-Str 1, Postfach 643, 0-4040 Neuss 1 Tel: (02101) 140 Telex: 08517511

Management Board: B A Ekman

PRINCIPAL ACTIVITIES: Adhesives and adhesive tapes, chemicals and abrasives; copying products, computer graphics, microfilm and information systems; static control systems; electrical, magnetic, surgical, safety and household products etc

Parent Company: Minnesota Mining & Manufacturing Co, USA Principal Bankers: Deutsche Bank; LZB; Commerzbank Financial Information:

Sales turnover


AEG AKTIENGESELLSCHAFT

DM'OOO 1,200,000

Theodor-Stern-Kai 1, 0-6000 Frankfurt-am-Main 70 Tel: (69) 600-0 Cable: Elektronwest frankfurt-main Telex: 4 11 076 Telefax: (69) 600-5299

Supervisory Board: Edzard Reuter (Chairman) Management Board: H Duerr (Chairman), W Birkhan, Dr.-Ing. H

Gissel, R Molzahn, Dipl.-Kfm. G Schad, Dr.jur. Wolfgang Scholz, Dr.-Ing. Peter Stehle, Dipl.-Ing. Arno Treptow, Dr.-Ing. G WTumm

PRINCIPAL ACTIVITIES: Electrical and electronic equipment, systems and installations for automation, communication and information, for industrial and power applications, for transport and defence, for the office and the home

Trade Names: AEG Selected Subsidiary Companies: AEG Olympia AG; AEG

Elektrowerkzeuge GmbH; AEG KABEL Aktiengesellschaft; DUO FROST Kuehl und Gefriergeraete GmbH; AEG-KANIS GmbH; Sachsenwerk Aktiengesellschaft; Elektro-Mechanik GmbH; Lloyd Dynamowerke GmbH; HydraVermoegensverwaltung GmbH; ELEKLUFT Elekronik-und Luftfahrtgeraete GmbH; AEG Electrotecnica Construction GmbH; Eltro GmbH; Internationale Fluggerate und Motoren GmbH; FABEG GmbH; ASSEKURANZ-Vermittlungs GmbH; Modular Computer GmbH; AEG Anlagenexport GmbH; Feinmechanische Werke Mainz GmbH; Magnetbahn GmbH; GEl Software-Technik GmbH; Werbeagentur Dr Kuhl GmbH, and many other subsidiary and associated companies worldwide

Principal Bankers: LZB Financial Information:


1986 DM'OOO

11,220,000 931,000

Principal Shareholders: Daimler Benz Ag (68%) No of Employees: 79,200

AGFA-GEVAERT AG Bayerwerk, 0-5090 Leverkusen Tel: (49214) 301 Cable: AGFAGEVA LEVERKUSEN Telex: 8510420 Aglevd

1987 DM'OOO

11,660,000 931,000

Telefax: (49214) 304990 (General Administration); (49214) 304880 (Sales Dept)

Supervisory Board: Andre Leysen (Vorsitzender), Helmut Fassbender (stellv. Vorsitzender), Dr Dieter Becher, Dr Johan Bisschops, Dr Gunter Behme, Erwin Brunner, Prof Dr Karl Heinz Buchel, Erich Hoppe, Helmut Loehr, Friedrich Neudel. Fritz Ostermaier, Heinz Schwabenland

77

Management Board: Dr Klaus Gerlach (Vorsltzender), [ir Etienne De Wolf, Hans-Jurgen Mohr, Ir. Rene Peeters. Dr Herman Philippaerts, Helge H Wehmeier

Governing Board: (German Members): Dr Werner Alof, Dr Karlheinz Britz, Dr Justus Danhauser, Dr Hermann Lang, Dr Jurgen Langeheine, Dr Friedrich Lohmann, Dr Joachim Lohmann, Dr Alexander Oster, Erhard Rittinghaus, Dr Helmut Schael, Dr Wolfgang Schweicher, Dr Bernhard Seidel, Dipl.Ing. Werner Seufert, Dr Gerald Wagner. Belgian Members: Lic. Albert Aps, Ir. Frans Albrecht, Lic. Rene Bossaerts, Dr Franc;:ois Claes, Lic. Louis Cocquyt, Prof Dr Andre Conix, Lic. Carlo De Houwer, Ir. Paul De Pelsmaker, Ing. Luc De Schamphelaere, Ir. Ernest De Smet, Ir. Edwin Hendricx, Manfred Kern, Dr Jan Nys, Ing. Hugo Stuer, Ir. Walter Tack, Lic. Andre Van Braekel, Ir. Gilbert Van den Bogaert, Ir. Jan Van Hove, Lic. Willy Van Meerbeeck, Lic. Raymond Van Roosbroeck, Lic. Jozef Van Steen, Ir. Gilbert Vermeulen

PRINCIPAL ACTIVITIES: Agfa-Gevaert Group: Range of photographic products and supply: Commodity and consumer products, equipment and services for recording, storage, playback and reproduction of sound and images. Business Group Amateur Photographic Products: Colour and black and white photographic films; colour and black and white photographic papers; photochemicals; laboratory equipment; amateur audio and video magnetic tape cassettes; professional audio and video tapes. Business Group Technical Photographic Products: Graphic and reprographic systems; diffusion transfer systems; computerized photocomposition and phototypsetting systems (Compugraphic); business graphic systems; office copying systems; microfilm systems; COM (Computer Output on Microfilm); electronic printers; medical and industrial X-ray materials and equipment, daylight systems and monitor cameras; professional motion picture films

Trade Names: Agfa, Agfachrome, Agfacolor, Agfacontour, Agfa Maxi, Agfapan, Agefix, Agetol, Atomal, Brovira, Colormator, Copex, Copycolor, Copyline, Copyproof, Curix, Gevacolor, Gevascan, Labomator, Litex, Metol, Moviechrome, Neutol, Perutz, Portriga, Rapilith, Rapidoprint, Refinal, Repromaster, Rodinal, Scopix, Structurix etc

Subsidiary Companies: Agfa-Gevaert Argentina SA; AgfaGevaert Ltd (Australia); Agfa-Gevaert GmbH (Austria); AgfaGevaert Canada Ltd; Agfa-Gevaert Chilena Ltda (Chile); AgfaGevaert AjS (Denmark); Agfa-Gevaert SA (Spain); OY AgfaGevaert AB (Finland); Agfa-Gevaert Inc (USA); Agfa-Gevaert SA (France); Agfa-Gevaert Ltd (UK); Agfa-Gevaert (HK) Ltd (Hong Kong); Agfa-Gevaert Ltd (Eire); Agfa-Gevaert SpA (Italy); Agfa-Gevaert Japan Ltd; Agfa-Gevaert de Mexico SA; Agfa-Gevaert NZ Ltd (New Zealand); Agfa-Gevaert AjS (Norway); Agfa-Gevaert Lda (Portugal); Agfa-Gevaert AS (Sweden); Agfa-Gevaert AGjSA (Switzerland), Agfa-Gevaert de Venezuela SA (Venezuela); Agfa-Gevaert AEBE (Greece); Agfa-Gevaert Iran SSK (Iran); Agfa-Gevaert BV (Netherlands). Sales representatives resp. distributors in more than 120 countries worldwide


Sales turnover

Profit before tax

Share capital

Shareholders funds

'The 1986 figures have been restated in accordance with the new German accounting principles

PrinCipal Shareholders: Bayer AG

No of Employees: 30,376 (worldwide)

31.12.86' 31.12.87

DM'OOO DM'OOO

6,842,000 6,558,000

454,000 639,000

870,000 870,000

2,250,100 2,600,000

GERMANY

AKZO CHEMICALS GMBH Kreuauerstr 46, PO Box 1001 46,0-5160 Duren Tel: (02421) 5950 Telex: 0833821 acdn; 0833921 acso Telefax: 595380

Supervisory Board: Dr K Zain (Chairman), J C P van Oosterom, A Moolenburgh, Dr H Grothaus, A Tenhaef, R Wagner

Management Board: Hubert Herten (Chairman), Dr Klaus Boehme, Dr Vincent Oakes, F Sieben

PRINCIPAL ACTIVITIES: Chemical products for the following industries; rubber, plastics, adhesives, cosmetics, paint, chemical, metal surface treatment, paper, tyre, detergent, food and drink, construction, bitumen, disinfection, flotation, food processing, cable, wood preservatives, industrial oil production, coating, optical industry, crop protection, PVCindustry, textile auxiliaries, water treatment

Parent Company: Akzo NV, Netherlands Holding Companies: Rhodanid Chemie GmbH; Carbosulf

Chemische Werke GmbH; Oelwerke Noury & van der Lande GmbH

Principal Bankers: Deutsche Bank AG; Landeszentralbank Financial Information:

Sales turnover

1987 DM'OOO 648,180

Principal Shareholders: Akzo Chemie Verwaltungs- und Beteiligungs GmbH, Duren (95%); Van Blommestein Powalky bv, Utrecht, Netherlands (5%)


ALSEN-BREITENBURG ZEMENT - UNO KALKWERKE GMBH Ost-West-Str. 69, 2000 Hamburg 11 Tel: (040) 36 00 2-0 Cable: abzem Telex: 211142 abzem d Telefax: (040) 362450

Supervisory Board: Dr E Machler (Vors.), Dr B Bircher, Dipl.Ing. P Byland, Dr M Steeger, H SUlau, W Bahrs, lic. oec. U Bieri

Management Board: Dr Peter von Foerster (Vorst.-Vors.), Dipl.Ing. Otto Hochdahl

Senior Executives: Martin Kayenburg (Direktor), Joachim Patzke (Direktor), Franz Zettwitz (Direktor), Dr Eberhard Brand (Direktor), Hans-Herbert Wagener (Prokurist), Udo Busche (Prokurist), Karl-Heinz Lengfelder (Prokurist), Gunter Woitas (Prokurist), Karl Heinz Kinzel (Prokurist), Lutz Detjens (Direktor)

PRINCIPAL ACTIVITIES: Production and sale of cement and lime

Parent Company: Alsen'sche Portland-Cement-Holding KG (GMBH & Co.) Breitenburger Portland-Cement-Fabrik Aktiengesellschaft

Subsidiary Companies: Zement-Kontor Unterelbe GmbH & Co KG; TBG Nord-Beton GmbH & Co; Zuhr & Kollner GmbH; Kies und Schotterwerk Brekendorf GmbH & Co. KG

Principal Bankers: Deutsche Bank AG; Dresdner Bank AG; Landesbank Schleswig-Holstein Girozentrale; Berenberg Bank


Sales turnover net DM'OOO 182,000

Principal Shareholders: Holderbank Financiere Glarus AG, Glarus, Switzerland


ALTANA INDUSTRIE-AKTIEN UNO ANLAGEN AG Seedammweg 55, 6380 Bad Homburg vdH Tel: (06172) 4040 Telex: 415195

78

Supervisory Board: H Graf von der Goltz (Chairman), R Dummel (Deputy Chairman), Dr jur R Berninger (Deputy Chairman), KH Eckhardt, Prof Dr med H G Menge, Prof Dr med G Neuhaus, Johanna Quandt, Dr Gert Richarz, A Thomas, H Tigges, Dr rer pol K Werner, Dr jur K Wessing, G Wolfl

Management Board: Dr rer nat F Tramel (Chairman), Klaus Schweickart

Senior Executives: E W Bruggemann, Dr rer pol Hermann Kullmer

PRINCIPAL ACTIVITIES: Pharmaceutici\ls; health foods; baby foods; additives for the paint and plastics processing industry; paints, inks, pigments; information processing

Subsidiary Companies: (100% owned unless stated): Pharmaceuticals: Byk Gulden Lomberg Chem.Fabrik GmbH; Chemische Fabrik Promonta GmbH; E.Tosse & Co.mbH; Roland Arzneimittel GmbH; Sterimed Gesellschaft fur med.Bedarf mbH; Byk Nederland BV (Netherlands); Byk Belga SA (Belgium); Laboratoires Pharmaceutiques Valpan SA (France); Byk Chemischpharmazeutische Produkte Ges.mbH (Austria); Byk Gulden Italia SpA (Italy); Nippon Byk Gulden Company Ltd (90%) (Japan); Byk-Liprandi SAC el (Argentina); Byk Quimica e Farmaceutica L TDA (75%) (Brazil); Byk Gulden SA de CV (Mexico); Byk Gulden SA (Ply) Ltd (South Africa). Chemicals: BYK-Chemie GmbH; Rhenania Chem.Ges.mbH; Wolin Lacke GmbH; BYK-Labotron AG (52%); BYK-Chemie France SARL (France); BYK-Chemie Japan KK (Japan). Diatetics: Milupa AG; Diele-Diatetika GmbH; Miluvita GmbH; Milupa BV (Netherlands); NV Milupa SA (Belgium); Milupa SA (France); Milupa SA (France); Milupa Ltd (UK); Milupa SpA (Italy); Milupa Ges mbH (Austria); Milupa SA (Switzerland); Milupa Hellas E.P.E. (Greece); Milupa Portuguesa Limitada (Portugal); Kasdorf SA (Argentina). Computer Software and Communication: Deutsch-Atlantische TelegraphenAktiengesellschaft (91%); UNA EDV-Beratung GmbH; Compac Computer-Automationstechnik GmbH & Co KG; AGS Gesellschaft fUr Datentechnik mbH; INTELDAT Gesellschaft fUr Innovation und Telematik GmbH; MAXDAT Gesellschaft fur Kommunikationssysteme mbH (51%); Air Lloyd Deutsche Helicopter Flugservice GmbH; rhv Software-Projecte GmbH; rhv Software-Systeme GmbH. Other subsidiary: AL TANA Inc (USA)


Sales turnover worldwide Profit after tax Retained profit Dividends Dividends per share Share capital Shareholders funds

No of Employees: 8,477 (Worldwide)

31.12.86 DM'OOO

1,688,258 40,918 27,364 27,400 100M

136,819 300,780

AMOCO DEUTSCHLAND GMBH Duppelstrasse 16, 0-4432 Gronau Tel: (02562) 771 Telex: 89685 amofa d

31.12.87 DM'OOO

1,799,484 44,108 27,808 27,800 100M

139,039 318,256

PRINCIPAL ACTIVITIES: Manufacture of petrochemicals and plastics

Parent Company: Amoco Corporation, USA Financial Information:

Sales turnover


ARAL AG

DM'OOO 240,000

Wittener Str 45, Postfach 10 04 50 4630 Bochum 1 Tel: (0234) 315-1 Cable: Aral Bochum Telex: 825841 01-08 Telefax: (0234) 3152679

Supervisory Board: Heinz WOstefeld (Chairman), Dr Hubert Heneka (Deputy Chairman), Karl-Ernst Brosch, Herbert Detharding, Burkhard Genge, Lorenz Klein, Dr Friedel Wehmeier, Ernst Wiggershaus, Klaus Wollschlager

Board of Management: Werner Thurow (Chairman), Dr Helmut Burmester, Dr H Fohr

PRINCIPAL ACTIVITIES: Trade in mineral oil and chemical products petrol, grease, cleaning materials

Trade Names: Aral, Spectral, Turboral, Motoral, Autoral, Dural, Traktoral, Stratoral, Kowal, Konit, Aralub, Aralux, Aralin, Farolin, Supralin, Eurafin, Puriklyn, Multidyn, Solvarpur, Sinit, Sulnit, Deganit, Resilan, Isolan, Multrol, Kosmol, Degol, Motanol, Emulsol, Vitam, Autin, Guttin, Alur, Granitol

Subsidiary Companies: (100% owned): Wever & Co; ARKA GrundstUcksnutzungs-und Verwertungsgesellschaft mbH; Aral Nederland NV (Netherlands); Aral Belgie SA (Belgium); Aral Luxembourg SA (Luxembourg); Aral France SA (France); Aral Austria GmbH (Austria); Aral (Schweiz) AG (Switzerland)

Principal Bankers: Westfalenbank; Deutsche Bank; Dresdner Bank; Commerzbank; Westdeutsche Landesbank



31.12.86 DM'OOO

11,007,709 300,000

31.12.87 DM'OOO

10,728,751 300,000

Principal Shareholders: Veba Oel AG (56%); Mobil Oil AG (28%); Wintershall AG (15%)


BALCKE-OURR AG Homberger Str 2, Postfach 1240, 0-4030 Ratingen 1 Tel: (02102) 8851 Cable: Balcke-DOrr Ratingen Telex: 8585113 Telefax: (02102) 855617

Supervisory Board: H L Ewaldsen (Chairman) Management Board: Dr-ing P-J Kreher (Chairman), P Bock, Dipl

Kfm H-W Koch

PRINCIPAL ACTIVITIES: Manufacture of steam generators, boilers, fin tubes, gas burners, industrial furnaces, oil coolers for industry and machinery, air and water coolers, equipment for the chemical industry, gas coolers, pumps, compressors, etc

Parent Company: Deutsche Babcock AG Financial Information:

Sales turnover


BASF AKTIENGESELLSCHAFT Carl-Bosch-Str. 38, 0-6700 Ludwigshafen Tel: (0621) 60-0 Cable: BASF Ludwigshafenrhein Telex: 46499-0 bas d

OM'OOO 440,000

Telefax: (0621) 60-425 25; Teletex 62157 = BASF

Supervisory Board: Professor Dr. rer. nat. Matthias Seefelder (Heidelberg, Chairman), Gerhard Blumenthal (Schifferstadt, Deputy Chairman, Chairman of the Works Council of of the Ludwigshafen Works of BASF AG), Helmut Bollersen (Nordstemmen), Dr. jur. Robert Ehret (KonigsteinfTaunus), Professor Dr. rer. nat. Manfred Eigen (Gottingen), Professor Dr.-Ing. Berthold Frank (Heidelberg), Dr. rer. pol. Johan M Goudswaard (Wassenaar/Netherlands), Dr. rer. pol. Kurt Hohenemser (Dreieich-Dreieichenhain), Dr. jur. Robert Holzach (Zumikon/Switzerland), Roland Koch (Ludwigshafen, Member of the Works Council of the Ludwigshafen Works of BASF AG), Herbert Krug (Ludwigshafen, Spokesman of the Economic Council of BASF AG), Dr. rer. nat. Hans Joachim Langmann (Jugenheim/Bergstrasse), Ernest M. Laudenbach

79

GERMANY (Frankenthal), Professor Dr. phil. h.c. Hans L Merkle (Stuttgart), Heinz-Werner Meyer (Dortmund), Manfred Reimann (Ludwigshafen), Wilhelm Rossmoller (Marl), Werner Vitt (Isernhagen), Professor Dr. jur. Klaus Vogel (Starn berg), Dr. rer. nat. Winifried Wiegrabe (Neustadt/Weinstrasse, Chairman of the Board of Spokesmen of the Management Employees of BASF AG)

Board of Executive Directors: Dr. rer. nat. Hans Albers (Chairman), Dr. rer. nat. Hans Oetzer (Deputy Chairman), Or.Ing. Oetlef Dibbern, Professor Dr. rer. nat. Helmut Oorfel, Dr. rer.nat. Wolfgang Jentzsch, Dr. rer. nat. Ingo Paetzke, Dr. rer. pol Ronaldo Schmitz, Dr. jur. JOrgen Strube, Dr. rer. nat. Oietmar Werner, Professor Dr. rer. nat. Herbert Willersinn, Hans Joachim Witt

PRINCIPAL ACTIVITIES: Raw materials and energy; agricultural chemicals; plastics; chemicals; dyestuffs and finishing products; consumer products (coatings, paints, printing inks, pharmaceuticals; magnetic recording media, Nyloprint photopolymer printing plates)

Registered Trade Marks (BASF Group): Nitrophoska, Floranid, Hygromull, Agrosil, Basagran, Basfapon, Patoran, Pyradex, Pyramin, Stomp, U 46, Perfekthion, Bavistin, Calixin, Cercobin, Cobox, Kumulan, Kumulus S, Pallinal, Polyram, Ronilan, Amasil, Basamid, Cycocel, Luprosil, Pix, Terpal, Fungol, Wolmanit, Wolmanol, Interdens, Lupolen, Novolen, Luran, Terluran, Vinoflex, Vinidur, Vinuran, Ultramid, Ultraform, Ultradur, Palatal, Styropor, Styrodur, Neopolen, Basopor, Palusol, Ultralen, Acronal d, Acrosol a, Butofan d, Diofan d, Lutofan d, Propiofan d, Styrofan d, Styronal d, Vinofan d, Acronal I, Lutofan I, Larodur, Laroflex mp, Laromer, Laromin, Ludopal, Luhydran, Lumitol, Luprenal, Luwipal, Plastopal, Suprapal, Glasurit, Herbol, Beck, K & E, Novalux, Novavit, Novaboard, Novaweb, Rotaweb, Flexoplastol, Flextol, Aquaflex, Heliovit, Heliopak, Heliodessin, Kaurit, Kauramin, Kauresin, Kauropal, Kauranat, Xyligen, Palatinol, Palamoll, Plastomoll, Cetamoll, Glysantin, Separol, Sepacorr, Sepasolv, Kerobit, Kerofluid, Keromet, Keropur, Keroflux, Luprosil, Kollidon, Luviskol, Luviset, Luviflex, Cremophor, Isoptin, Macrodex, Rheomacrodex, Neurotrat, Aktivanad, Miroton, Procorum, Cordichim, Akineton, Enzynorm, Thrombophob, Taluvian, Talusin, Panzynorm, Venopyronum, Regulton, Priatan, Prohepar, Paracodin, Nyloprint etc

Major Affiliates: (100% owned unless stated): BASF Lacke + Farben AG; Elastogran GmbH; Gewerkschaft Auguste Victoria; Kali und Salz AG (75%); Knoll AG; Rheinische Olefinwerke GmbH (50%); Wintershall AG; BASF Antwerpen NV (Belgium); BASF Chemicals Ltd (UK); BASF Espanola SA (Spain); BASF Corporation (USA); BASF Argentina SA (Argentina); BASF Brasileira SA (Brazil); BASF Mexicana SA de CV (Mexico); BASF Quimica Colombiana SA (Colombia); Glasurit do Brasil Ltda (Brazil); BASF Australia Ltd (Australia); BASF India Ltd (50%) (India); BASF Japan Ltd (Japan); Mitsubishi Yuka Badische Company Ltd (Japan)

Principal Bankers: Landeszentralbank


31.12.86

OM'OOO


Profit before tax 2,627,000

Net income 904,100

Net income* 910,200

Dividends 535,000

Dividends per share 10.000M

Earnings per share 17.00DM

Subscribed capital 2,677,000

Shareholders equity 11,705,500

*after minority interests

31.12.87

OM'OOO

40,237,700

2,587,000

1,055,000

1,051,000

555,000

10.00DM

18.94DM

2,774,200

11,965,500

Number of Shareholders: The company has approximately 400,000 shareholders

No of Employees: BASF Group 133,759; BASF AG 55,391

GERMANY BAYER AG 5090 Leverkusen Tel: (02174) 301 Cable: Bayer Leverkusen Telex: 85103-0 by d

Supervisory Board: Prof Dr H Grunewald (Chairman), Paul Laux (Vice Chairman), Adolf Busbach, Dr jur F Wilhelm Christians, Dr Gerhard Dittmar, Hans Drathen, Dr Heinz Gester, Constantin Freiherr Heereman von Zuydtwyck, Hans Hoffmann, Robert A Jeker, Dr-Ing Karlheinz Kaske, Peter Klug, Dr-Ing Manfred Lennings, Andre Leysen, Peter Purwien, Hermann Rappe, Dr Walter Seipp, Dr Walter Simmler, Prof Dr Dr Heinz A Staab, Hans Unger

Board of Management: Hermann-Josef Strenger (Chairman), Dr Gerhard Fritz (Vice Chairman), Prof Dr Dr h c mult Karl Heinz Buchel, Helmut Loehr, Dr Helmut Piechota, Dr Ernst-Heinrich Rohe, Dr Manfred Schneider, Prof Dr Eberhard Weise, Dr Herman Wunderlich

PRINCIPAL ACTIVITIES: Production of organic and inorganic chemicals, rubber, plastics and coatings, polyurethanes, dyestuffs, fibres, pharmaceuticals and agricultural chemicals

Trade Names: Preventol, Lewatit, Vulkanox, Porofor, Buna AP, Levaform HT, AFS, Cohedur RK, Baypren, Perbunan N, SBR, Pocan, Bayblend, Makrolon, Baygal, Baymidur, Levasint, Desmodur N, Baydur, Bayflex, Levafix, Indanthren, Phthalogen, Isoderm, Baycast, Dralon, Perlon, Vestan, Adalat, Canesten, Bayo-N-ox, Droncit, delialline, Sencor, Goltix, Bolster, Dipterex, Gusathion, FOlimat, Baytex, Nemacur, Baygon etc

Major Subsidiary Companies: (100% owned unless stated): Bunawerke Huls GmbH (50%); EC Erdolchemie GmbH (50%); Faserwerke Lingen GmbH; Haarmann & Reimer GmbH; HC Starck Berlin GmbH & Co KG (94.1 %); Rhein-Chemie Rheinau Gmbh; Rheinhold & Mahla GmbH (74%); Troponwerke GmbH & Co KG; Wolff Walsrode AG; Bayer Antwerpen NV (Belgium); Bayer (Canada) Inc (Canada); Bayer (India) Ltd (51%) (India); PT Bayer Indonesia (60%) (Indonesia); Bayer Japan Ltd (Japan); Bayer Yakuhin Ltd (75.6%) (Japan); Nihon Tokushu Noyaku Seizo KK (50.4%) (Japan); Sumitomo Bayer Urethane Co Ltd (50%) (Japan); Agfa AG; Agfa-Gevaert NV (Belgium); Agfa-Gevaert BV (Netherlands); Agfa-Gevaert SA (99.9%) (France); Agfa-Gevaert Ltd (99.9%) (UK); Agfa-Gevaert SpA (Italy); Agfa-Gevaert SA (Spain); Agfa-Gevaert Inc (USA); Compugraphic Corporation (83.6%) (USA); Agfa-Gevaert Argentina SA (99%) (Argentina); Agfa-Gevaert AG; Bayer Internaitonal Finance NV (Netherlands Antilles); Bayer USA Inc (USA); Miles Inc (USA); Mobay Corporation (USA); Bayer Foreign Investments Limited (Canada); Bayer Belgium SA-NV (99.9%); Bayer Nederland BV (92.2%) (Netherlands); Bayer France SA (99.9%) (France); Bayer Pharma SA (99.9%) (France); Bayer UK Ltd (99.9%) (UK); Krems-Chemie Gesellschaft mbH (67.9%) (Austria); Bayer Italia SpA (98.6%) (Italy); Bayer Hispania Industrial SA (Spain); Bayer Hispania Comercial SA (Spain); Quimica Farmaceutica Bayer SA (Spain); Bayer Argentina SA (99.9%) (Argentina); Bayer do Brasil SA (99.9%) (Brazil); Bayer de Mexico SA de CV (99.9%) (Mexico); Bayer Industrial SA (60%) (Peru); Bayer Australia Ltd (99.9%) (Australia); Bayer South Africa (Pty) Ltd (74%) (South Africa); Bayer Finance SA (99.9%) (Luxembourg); Bayer Capital Corporation NV (Netherlands)

80

Financial Information: Bayer World

Sales turnover net Income before tax Income after tax Net income Dividends' Dividends per 50DM share' Capital stock Shareholders funds 'Parent Company

Principal Shareholders: Bayerworld

31.12.86 DM'OOO

38,284,000 2,840,000 1,354,000 1,322,000

589,000 10.00DM

2,946,000 12,213,000

31 .12.87 DM'OOO

37,143,000 3,066,100 1,544,000 1,498,000

680,000 10.00DM

3,089,000 14,029,000

No of Employees: 164,255 Group, 64,125 Parent Company

BAYWA AG Arabellastr 4, Postfach 810108, 8000 Munchen 81 Tel: (089) 92 22-0 Telex: 529208 bwmm Telefax: (089) 92 22-3448

Supervisory Board: Dir Karl Fehrenbach (Vorsitzender) Management Board: Prof Dr Otmar Wasmer (Chairman), Dr

Joseph Zimbauer, Alfred Heigermoser, Ulrich Dannheuser, Egon Frohlich

PRINCIPAL ACTIVITIES: Manufacture and trade in agricultural products and machinery, building materials, mineral oil and fuels, homeworker and garden products, pesticides, fertilisers, grain, seed and animal feedstuffs

Subsidiary Companies: Raiffeisen-Kraftfutterwerke GmbH; Rhenania-Main-Hafenbetriebsgesellschaft mbH; DonauTanklagergesellschaft mbH; DTL Donau-Tanklagergesellschaft mbH & Co KG; Nordostbayerischer Saatbauverband GmbH; Bayerische Futtersaatbau-Vereinigung GmbH

PrinCipal Bankers: Bayerische Raiffeisen Zentralbank; Landeszentralbank in Bayern; Postscheckamt Munchen


Sales turnover


BENCKISER, JOH A, GMBH

DM'OOO 5,000,000

Postfach 210167, Benckiserplatz 1, 0-6700 Ludwigshafen am Rhein

Tel: (0621) 5903-0 Cable: Benckiser Ludwigshafenrhein Telex: 0464872 jab d

Supervisory Board: Dr Jorgen Ludwigs (Mannheim), Dipl.Kfm.Gerd Reimann-Dubbers (Stuttgart), Eugen Braun (Meckenheim, Employee Representative)

Senior Management: Martin Gruber (Chief Executive Officer), Werner Baumgartner (Managing Director), Dr.med.habil. Dr.rer.nat.Peter Faerber (Managing Director), Dr.rer.poI.Olaf Gempt (Managing Director), Dr.rer.pol. Peter Harf (Managing Director)

PRINCIPAL ACTIVITIES: OrganiC acids, industrial cleaners, chemicals, branded household and bodycare products, detergents, water treatment equipment

Trade Names: Calgon, Calgonit, Quanto, Dulgon, Sporex, Qudrofix, Cillit, Qa-Va Seul, Buranne

Subsidiary Companies: (100% owned unless stated): Benckiser Knapsack GmbH (50%). Benckiser Companies:-Benckiser Austria GesmbH; Skandinavisk Benckiser A/S (Denmark); SA Benckiser NV (Belgium); SA Benckiser Sari (France); Benckiser Italiana SpA (Italy); Joh A Benckiser Portugal Lda; Benckiser Hellas GmbH (Greece); Strauli AG (Switzerland); Benckiser Chemie BV (Netherlands); Benckiser SA (Spain); Oakite Ltd (UK); Benckiser Ltd (UK); Oakite (Consumer) Ltd (UK); Rajer GesmbH (Austria); Baranne SA (France); Ste des Lessives Saint-Marc SA (France); Cendre Lessives SaintMarc-Benelux SA (Belgium); Benckiser Inc (USA); Propack Produkte fUr Haushalt und Korperflege GmbH; Benckiser

Export GmbH. Water Treatment Companies:- Joh A Benckiser Wassert GmbH; Cillichemie Ernst Vogelmann GmbH & Co; Cillichimie Sari (France); Cillichemie Italiana Sri (Italy); Cilit SA (Spain); Cilit GesmbH (Austria); Mondseer Armaturenfabrik GesmbH (Austria); Permo SA (France); Aquafilter SA (Belgium); RWW Filter GmbH; Sipen Sari (France); Watco SA (France); Benckiser Anonim Sirketi (Turkey). Vecom Companies:-Vecom BV (Netherlands); Vecom Chemical Cleaning BV (Netherlands); Vecom GmbH; Vecom NV (Belgium); Vecom Italiana Sri (Italy); VecomSingapore (Pte) Ltd; Vecom Espanola SA (24%) (Spain); Henric Vecom Ltd (50%) (USA); Vecom Technical Services BV (Netherlands): Vecom Chemicals Ltd (Hong Kong); Vecom France Sari (France); Vecom (UK) Ltd (UK); Vecom GmbH (Germany)



No of Employees: 3,352 Group; 986 GmbH

BENECKE, J H, GMBH Beneckealle 40, D-3000 Hannover Tel: (0511) 630211 Telex: 922657 ihbed Telefax: (0511) 6302206

DM'OOO 1,200,000

Management Board: Wolfgang Polensky, Dr Werner Wagner

PRINCIPAL ACTIVITIES: Manufacture of chemicals and synthetic fibres

Principal Bankers: Dresdner Bank; LZB Financial Information:

Sales turnover DM'OOO 340,000

BHS-BA YERISCHE BERG-, HUTTEN-UND SALZWERKE AG Nymphenburger Str 37, D-8000 MOnchen 2 Tel: (089) 12707-0 Telex: (17)898688 bhs d Teletex: 898688 BHS

Supervisory Board: Staatssekretar Albert Meyer (Chairman), Eduard Schleinkofer (Deputy Chairman), Dr. Peter Geissler, Johann Glaser, Dr. Karl Hillermeier, Adolf Kapfer, Ludwig Osterholzer, Dr. Peter Pfeiffer, Dr. Fritz Pirkl, Dr. Walter Schatz, Werner Schmidt, Dipl. Ing. Gerhard Wacher

Management Board: Dr. jur. Ernst Kober (Chairman), Dipl.-Ing Gerhard Jungk

Senior Executives: Dr. Peter Geissler (Real Estate Department), Dr.-Ing GOnther Haberl (Engineering Department), Dipl.-Kfm Andreas Kerschhackl (Financial Department)

PRINCIPAL ACTIVITIES: Production of salt for industrial and edible uses; machinery construction, including gear units, corrugated cardboard and building machinery: peat products; plastic products including plastic windows

Trade Names: Bad Reichenhaller Markensalz; Humobil; Plantahum; Cultural

Subsidiary Companies: (100% owned unless stated): "Bad Reichenhaller Salz" Handelsges mbH; Euflor GmbH; Golde GmbH; BHS-Hoefler GmbH; Hermann Leschner KG (60%): Nord-SOd Salzhandelgesellschaft mbH; C Stiefenhofer GmbH; SOdhumus GmbH; Euflor Handelsges mbH (Austria)

Principal Bankers: Bayerische Vereinsbank Financial Information:

31.12.86 DM'OOO

Sales turnover 393,000 Profit before tax 1,000 Profit after tax 500 Retained profit 1,300 Share capital 50,000 Shareholders funds 74,000

Principal Shareholders: Free State of Bavaria No of Employees: 2,801

31.12.87 DM'OOO 442,111

3,883 891 273

65,000 92,000

81

BIESTERFELD, WILHELM E H, Gertrudenstr 14, D-2000 Hamburg 1 Tel: (040) 30081 Cable: Atlabifeld Telex: 2161742 bst d

Management Board: Dirk J Biesterfeld (Chief Executive), C Bacmeister, M Betge, Dr M Bohn, J Brunckhorst, K Froemming, Dr H Kerkhoff, H Seebeck

PRINCIPAL ACTIVITIES: Chemicals Trade Names: WBC, Webeco, Webcona, Julia Financial Information:

Sales turnover


BK LADENBURG Benckiser-Knapsack GmbH Dr Albert Reimann Str 2, 6802 Ladenburg Tel: (06203) 771 Cable: BEKA Ladenburg Telex: 463061 Fax: (06203) 12818

DM'OOO 820,000

Executive Management: Dr D Lang, Dr G D Mirow Supervisory Board: M Gruber (Vors), Dr H G Janson, J

Dormann, Dr P Harf, B Kurbel, W Tesch

PRINCIPAL ACTIVITIES: Chemical specialities, particularly phosphates

Trade Names: JOHA(R), FIBRISOL (R), LASTABIL (R), DILURIT (Rl. CORIAGEN (R), TARGON (R), MERAPON (R), ALBAPHOS (R), OENTPHOS (R), PHOSKADENT (R)

Subsidiary Companies: Fibrisol Service GmbH Viernheim (Germany); Fibrital Sari (Italy); BK-Ladenburg Corporation (USA); Fibrisol Service Ltd (UK)

Financial Information.'

Sales turnover Authorised capital

31.12.86 OM'OOO 334,000

14,000

31.12.87 OM'OOO 293,000

14,000

Principal Shareholders: Joh. A Benckiser GmbH (50%): Hoechst AG (50%)


BOEHRINGER MANNHEIM GMBH Sandhofer Str 116, Postfach 310120, 6800 Mannheim 31 Tel: (0621) 759-1 Cable: Alcaloid Mannheim Telex: 463193 bm d; 462420 bm d Telefax: (0621) 759 28 90

Supervisory Board: Curt Engelhorn (Chairman), Dr Horst Bourve (Deputy Chairman), K Blaull, Prof. Dr Eduard Gaugler, Dr Hans K Gbhringer, Rechtsanwalt Dr J v Knieriem, Rosemarie Kramlinger, Dr G Miglio, Oipl.-Ing. Peter Reinitzer, Reiner Schiltz, Prof Dr G Zeitel, Dr W Zimmermann

Management Board: Dr Helmut Determann (Chairman), Erik von Davidson, Prof. Karl-Heinz Maiwald, Dr Heinrich Hornef (Finance Director), Hanns Schmidt (Personnel Director), Dr Thorlef Spickschen (Sales and Marketing Director), Prof Dr Ulrich Abshagen (Research and Development Director), Dr Fritz Stahler (Deputy)

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals and chemicals, diagnostic and laboratory equipment

Parent Company: Corange Ltd, Bermudas Subsidiary/Associated Companies: Ascur Mannheim

Versicherungsvermittlungsgesellschaft mbH; BM Mannheim Beteiligungen GmbH; C.F. Boehringer & Soehne GmbH; Chemex Chemie Export Import GmbH; Clinicon Mannheim GmbH; Consulab Mannheim GmbH fOr Laborberatung; Galenus Chemicals GmbH; Galenus Mannheim GmbH; Hestia Pharma GmbH; Labora Mannheim GmbH fOr Labortechnik;

GERMANY Pharma-Waldhof GmbH; Praemix Wirkstoff GmbH; Salvia Regel- und Medizintechnik GmbH; Salvia-Werk GmbH

Principal Bankers: Deutsche Bank; Dresdner Bank Financial Information: Consolidated figures

31.12.86

Sales turnover Profit before tax Profit after tax Retained profit Dividends" Dividends per share" Share capital Shareholders funds "Boehringer Mannheim

GmbH

DM'OOO 1,548,443

31,725 15,102 17,500 17,500

25% 70,100

428,241

Principal Shareholders: Engelhorn Family No of Employees: 8,369 Group

BREMER WOLL-KAMMEREI AG BWK Landrat-Christians-Str 95, 0-2820 Bremen 71 Tel: (0421) 6091216 Cable: Kaemmerei Bremen Telex: 244482 bwk d Telefax: (0421) 603071

31.12.87 DM'OOO

1,593,007 31,989 15,512 17,500 17,500

25% 70,100

442,518

Supervisory Board: Heinz Rust (Vorsitzender), Hellmuth Pax (stellv. Vorsitzender), Friedrich Wilhelm Bracht, Peter Hartmann, Egbert Baudis (Elected by the Employees), Werner Munzer (Elected by the Employees)

Board of Management: Christian Georgi (Vorsitzender), Guenther Delius, Dr Rainer Hoffmann, Reent Schmidt (stellv.)

Senior Executives: Gunther Hohmann (Direktor), Karl-Dirk Wiecking (Direktor)

PRINCIPAL ACTIVITIES: Wool combing, man-made fibre processing, manufacture of textured yarns, anti-shrink treatment of wool tops, manufacture of polyolefin flat and fibrillated yarns and fabrics, manufacture of carbonized wool products and of wool grease (lanoline).

Principal Bankers: Bremer Bank Niederlassung der Dresdner Bank AG; Deutsche Bank AG

Financial Information: 31.12.86 DM'OOO

Sales turnover 260,001 Profit before tax 26,229 Profit after tax 8,635 Retained profit 2,320 Dividends 6,336 Dividends per share 12DM Earnings per share 16.35DM Share capital 26,400 Shareholders funds 62,615

Principal Shareholders: Norddeutsche Affinerie Aktiengesellschaft, Hamburg


BUHLER-MIAG GMBH

31.12.87 DM'OOO 292,022 19,004

5,769 519

5,280 10DM

10.93DM 26,400 62,048

Ernst-Amme-Str 19, Postfach 3369, 3300 Braunschweig Tel: (0531) 5940 Cable: buehlermiag braunschweig Telex: 952 7000 bm d

Management Board: W Baetge (Chairman), Dipl.rer.pol. (techn) W Heidelk

PRINCIPAL ACTIVITIES: Food processing machinery for the confectionery, baking and milling industries; conveying equipment; oat mills, rice mills, malthouse and breweries, ship unloading and loading equipment, coal milling and drying plants, dust collection systems, chemical engineering

82

Parent Company: Buhler Brothers Ltd, Uzwil, Switzerland

Subsidiary Companies: J H Lerch & Co GmbH

Principal Bankers: Dresdner Bank; Deutsche Bank; LZB; Norddeutsche Landesbank; Commerzbank


31.12.86 31.12.87

DM'OOO DM'OOO

Sales turnover 333,000 326,000

Profit (loss) after tax 5,004 (8,873) Retained profit (loss) 5,501 (3,372)

Capital stock 25,000 25,000

Principal Shareholders: Buhler Brothers Ltd, Switzerland No of Employees: 1,200

C MELCHERS & CO See MELCHERS, C, & CO

CASSELLA AG Hanauer Landstr. 526, 6000 Frankfurt (Main) 61

Tel: (069) 4109-01

Cable: cassella frankfurtmain

Telex: 411208 cass d

Telefax: (069) 4109-2100

Supervisory Board: Prof. Dr. rer. nat. Wolfgang Hilger (Chairman), Rolf Hornig (Deputy Chairman), Prof. Dr. rer. nat. Franz Effenberger, Otto Grosch, Dr. rer. nat. Karl Holoubek, Dr. rer. nat. Karlfried Keller, Rolf Kittel, Georg Krupp, Rechtsanwalt Wolfgang Penningsdorf, Dr. rer. nat. KarlGerhard Seifert, Jurgen Streit, Uwe Jens Thomsen

Management Board: Christian Ruppert, Dr.-Ing. Wolfgang Grunbein

PRINCIPAL ACTIVITIES: Chemicals including dyestuffs, pharmaceuticals, resins and cosmetics

Parent Company: Hoechst AG Subsidiary Companies: (100% owned unless stated): Cassella

Riedel Pharma GmbH; Jade Cosmetic GmbH; Riedel-de Hasn AG (81%); Cassella-med GmbH (51%)


31.12.86 DM'OOO

Sales turnover 510,000 Profit before tax 17,653 Profit after tax 7,965

Retained profit 5,185 Dividends 5,115 Dividends per share 15DM

Earnings per share 29DM Share capital 34,100 Shareholders funds 134,000

Principal Shareholders: Hoechst AG (75.6%) No of Employees: 2,319

CHEMISCHE FABRIK KALK GMBH

31.12.87 DM'OOO 540,000

25,391 10,238

5,208

5,115 15DM 32DM

34,100 140,000

Kalker Haupstr 22, Postfach 910 157, 5000 Koln 91 (Kalk) Tel: (0221) 82961

Cable: Cefka Koln Telex: 08873355 clk d

Telefax: (0221) 8296299

Supervisory Board: Dr Otto Walterspiel (Chairman) Management Board: Dr Gunter Borm, Dr Gerhard Eisenhauer

PRINCIPAL ACTIVITIES: Manufacture of fertilisers, animal nutrients, calcined soda ash, calcium chloride and chemical raw materials

Trade Names: Kampka, Cefkaphos, Cefkasil Parent Company: Kali und Salz AG, Kassel Principal Bankers: Landeszentralbank



31.12.86 DM'OOO 430,000 30,000

31.12.87 DM'OOO 374,000


CHEMISCHE FABRIK ROHM GMBH See ROHM, CHEMISCHE FABRIK, GMBH

30,000

CHEMISCHE FABRIK STOCKHAUSEN GMBH Bakerpfad 25, 0-4150 Krefeld Tel: (02151) 338-1 Telex: 0853890 este d Telefax: (02151) 338647

Supervisory Board: Dr Hermann Wunderlich (Vorsitzender), Dr Gerhard Dittmar

Management Board: Dr 0 Stockhausen, Dr V Kayser

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals for industrial applications, cosmetics and detergents

Trade Names: Tallopol, Cordamin, Favor, Tetrapol, Coripol, Cutisan, Praestol, Praecutan, Stokolan

Subsidiary Companies: Stockhausen Inc (USA); Stockhausen SARL (France); Stockhausen NV (Belgium); Stockhausen Far East Ltd (Hong Kong)


Sales turnover


CIBA-GEIGY GMBH

DM'OOO 430,000

Of linger Strasse, Postfach 1160/1180, 0-7867 Wehr/Baden Tel: (07762) 82-0 Cable: cibageigy wehrbaden Telex: 792702 cgw d

Supervisory Board: Dr Rudolf Schneiter (Riehen/Schweiz) (Vorsitzender), Otto C Leverkus (Zumikon/Schweiz) (stv. Vorsitzender), Carl-Peter Dautzenberg (Wehr/Baden), Hans R Durr (Riehen/Schweiz), Michael Hauck (Frankfurt/Main), Werner Muller (Wehr/Baden), Helmut Schein (Herrischried/Baden), Walter K Wenger (Seltisberg/Schweiz)

Managing Directors: Gerd L Suter (Vorsitzender der GeschiiftsfUhrung), Dr Rico E Brauchbar (Division Kunststoffe und Additive), Peter Koopmann (Division Agro), Dr HansGeorg Lange (Funktion Finanz), Dr Herbert Kasperl (Division Farbstoffe und Chemikalien), Dr Gunter Majunk (Funktion Personal), Martin A Vischer (Division Pharma)

PRINCIPAL ACTIVITIES: Dyestuffs and chemicals, pharmaceuticals, agricultural products, plastics and additives

Parent Company: Ciba-Geigy AG, Basle, Switzerland Subsidiary Companies: AIRKEM Luftchemikalien GmbH; FAll

Landwirtschaftliche Service GmbH; HORA Landwirtschaftliche Betriebsmittel GmbH

Principal Bankers: Deutsche Bank AG; Dresdner Bank AG; Commerzbank AG; Georg Hauck & Sohn


Sales turnover DM'OOO

1,650,000

Principal Shareholders: Ciba-Geigy AG; Ciba-Geigy International AG, Basle, Switzerland; Ciba-Geigy Holding Deutschland GmbH, Rheinfelden/Baden, Germany


CLAUDIUS PETERS AG See PETERS, CLAUDIUS, AG

83

GERMANY COLGATE-PALMOLIVE GMBH Liebigstr 2-12, 0-2000 Hamburg 74 Tel: (040) 73191 Cable: Palmolive Telex: 214158

Management Board: T G Davies, H-G Schad ow, K Hildebrandt, A Wolny, F Schmidt, Dr 0 von Winterfeld

PRINCIPAL ACTIVITIES: Toothpaste, metal polishing prOducts, cleaning products

Parent Company: Colgate-Palmolive Company, USA (90%) Principal Bankers: Deutsche Bank; Vereinsbank Financial Information:

Sales turnover


CONDEA CHEMIE GMBH Fritz-Staiger Strasse 15, 0-2212 Brunsbuttel Tel: (04852) 3921 Telex: 2 15 166

DM'OOO 825,000

Management Board: Dietrich H Russ (Vorsitzender), Dr Klaus W Scharpenberg

PRINCIPAL ACTIVITIES: Production of chemicals Parent Company: Deutsche Texaco AG Financial Information:

Sales turnover

Principal Shareholders: Deutsche Texaco AG No of Employees: 400

DAVY MCKEE AG Borsigallee 1, 0-6000 Frankfurt/Main 60 Tel: (069) 4007-02 Telex: 417193 Telefax: (069) 40 07-546

DM'OOO 320,000

Board of Directors: Klaus 0 Com perl (Chairman), Michael Stratling

Senior Executives: Helmut Brack (Accounts), Rolf Brodhage (Sales), Manfred Bartscht (Engineering), Hans-Peter Muhs (Sales), Heinz Pfesdorf (Procurement), Gunter Engelhardt, Wolfgang Hauschild, Wolfgang Kahler!, Manfred Keller, HansJochen Rothe (Processes), Willi Rosche, Heinz-Leo Stienen, Kurt Vollmershausen

PRINCIPAL ACTIVITIES: Design and construction of chemical and synthetic fibre and pollution control plant, worldwide

Parent Company: Davy Corporation pic, London, UK Subsidiary Companies: Davy Bamag GmbH; Zimmer AG Principal Bankers: LZB Financial Information:

Sales turnover

1986/87 DM·OOO 496,921

Principal Shareholders: Davy McKee International (Holdings) Ltd, UK (75%); Davy and United Engineering Co Ltd (25%)


DEGUSSA AG Weissfrauenstrasse 9, Postfach 11 05 33, 0-6000 Frankfurt 11 Tel: (069) 218-01 Cable: degussa frankfurtmain Telex: 41222-0 dg d Telefax: (069) 218-3218

Supervisory Board: Dr-Ing Dr rer nat hc Konrad Henkel (Dusseldorf, Chairman), Gerhard Stormer (Frankfurt, Vice Chairman), Frank von Auer (Grefrath), Werner H Dieter (Dusseldorf), Dr Rolf-J Freyberg (Frankfurt/Main), Prof Dr rer nat Herbert Grunewald (Leverkusen), Franz Heller' (Hurth), Dr iur hc Horst K Jannott (Munchen), Alfred Keim' (Rodenbach), Prof Dr rer nat Wilhelm Keim (Aachen), Dr-Ing Claus Kessler

GERMANY (Munchen), Dr rer nat Hans Landsfeld' (Bruhl), Helmut Low' (Konstanz), Sir Arvi Hillar Parbo (Vermont South/Australia), Dr rer pol Wolfgang Roller (Neu-Isenburg), Wilfried Sauer' (Bad Salzuflen), Egon Schafer' (Sarstedt), Prof Dr phil Dr jur Helmut Sihler (Dusseldorf), Prof Dr rer nat Dr med Heinz A Staab (Munchen), Ernst Strauch' (Ronneburg), ' employees' representative

Management Board: Gert Becker (Chief Executive Officer), DrIng Henning Bode, Dr Robert Ehrt, Dr Karl Feldmann, Prof. Dr Bernhard Liebmann, Prof. Dr Heribert Offermanns, Gunter Wohlenberg; Dr Uwe-Ernst Bufe, Dr Alexander Mentz (Deputy Member)

Senior Executive: Werner Knies

PRINCIPAL ACTIVITIES: Metals, chemicals, pharmaceuticals Trade Names: Degulor, Silfos, Durferrit, Agomet, Aerosil, Corax,

Ultrasil, Degalan, Karnillosan, Biogastrone, Treupel, Wessalith Subsidiary Companies: (100% owned unless stated):

Consolidated subsidiaries: AST A Pharma AG; Degussa Bank GmbH; Degussa Elektronik GmbH; Ferd Wagner GmbH & Co; Klaus Fischer GmbH & Co KG; Leybold AG; Mahler Dienstleistungs-GmbH; BV United Metal & Chemical Co (Netherlands); Carbon Black Nederland BV (Netherlands); COFRABLACK SA (France); Degussa Antwerpen NV (Belgium); Degussa Canada Ltd (Canada); Degussa Corporation (USA); Degussa France SARL (France); Degussa Japan Co Ltd (Japan); Degussa Ltd (UK); Degussa Prodotti Ceramici SpA (Italy); Degussa Produits Ceramiques SA (France); Degussa sa (Brazil); Leukon AG (Switzerland); Nordisk Carbon Black AB (Sweden); Rexim SA (France); United Silica Industrial Ltd (92.28%) (Taiwan). Associated companies: Allg Gold- und Silberscheideanstalt AG (44.8%); Industria GmbH (77.63%); KG Deutsche Gasrusswerke GmbH & Co (54.35%); Norddeutsche Affinerie AG (30%); Nukem GmbH (35%); Ultraform GmbH (50%); ALGORAX (Pty) Ltd (50%) (South Africa); Companhia Quimica Metacril sa (32.46%) (Brazil); Farmades SpA (50%) (Italy); Nippon Aerosil Co Ltd (50%) (Japan); North America Silica Company (50%) (USA); OGUSSA Ges mbH & Co KG (50%) (Austria); PCBI SpA (50%) (Italy); Star Mountains Holding Co Pty Ltd (30%) (PNG)

Principal Bankers: Degussa Bank GmbH Financial Information:

Group sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds

30.9.86 DM'OOO

10,871,975 276,280 115,079 58,279 56,800

10.00DM 29.00DM 284,000

1,144,647

30.9.87 DM'OOO

11,719,476 230,433 120,603 59,545 60,800

10.00DM 24.50DM 365,000

1,339,431

Principal Shareholders: GfC Gesellschaft fUr Chemiewerte (over 25%)

No of Employees: Degussa AG: 13,604; Worldwide: 30,789

DEUTSCHE ATOCHEM WERKE Siemensstr 21, 0-5300 Bonn 1 Tel: (0228) 523 0 Cable: ATOCHEM WERKE Telex: 0886608 atowerk Telefax: (0228) 523207

Management Board: Dr Dieter Wimmers (Chairman), Dr Gunther Klotz, Gilbert Chomton, Jurgen Ufer

Senior Executives: Helmut Endmann (Engineering Manager), Dr Peter Wunschel (Production Manager), Ernst Schlenker, Friedheim Wienpahl (Sales Manager), Franz Koepp (Purchasing Manager), Kurt Kreutz (Controlling)

PRINCIPAL ACTIVITIES: Manufacture of plastics Trade Names: Platamid, Platil, Platilon, Platon, Plathuran, Pla

Steril, Plata bond

84

Parent Company: ATOCHEM SA, Paris , France

Subsidiary Companies: Plate Nederland BV; Plate & Obermann, Berlin

Principal Bankers: Commerzbank AG, Bonn; Banque National de Paris, Dusseldorf; Postscheck Koln; Deutsche Bank, Bonn



1986 DM'OOO 132,000

,5.650

1987 DM'OOO 156,000

5,650

Principal Shareholders: Atochem Verwaltungsgesellschaft mbH, Bonn


DEUTSCHE BP AG Uberseering 2, 2000 Hamburg 60

Tel: (040) 635-1

Cable: Beepee Hamburg Telex: 02170070

Management Board: Dr Rolf Stomberg (Vorsitzender), Klaus Kohlhase, Dr Eeuwout Verboom, Ehrenfried von Waldow, Dr Peter Bettermann (stellv)

Supervisory Board: Dr Dieter Spethmann (Vorsitzender). 'Claus Swierzy (1 stellv Vorsitzender), Mr David A G Simon (stellv Vorsitzender), 'Ewald Bergk, Detlef Dupke, Piet-Jochen Etzel, 'Franz Gebhard, Dr Reiner Gohlke, Dr Carl H Hahn, 'Christa Junge, 'Claus Tensfeld, Dr Hellmuth Buddenberg, 'employee representative

Managers: Generalbevollmiichtigte: Walter Blume, Dr Wolfgang Muller-Michaelis, Dr Rudiger Stolzenburg. Direktoren: Arnold Alewell, Dr Peter Bettermann, Friedrich W Bormann, HansPeter Breiholz, Detlef Dupke, Horst Gehrcke, Dr HansHenning Fries, Erwin Hirschgiinger, Dr 0 Timothy Jones, Dr Helmut Kuper, Joachim Pluns, Dr Klaus Repenning, Karlheinz Ruhl, Dr Olaf Schneider, Hartmut Schwab~, Frank Stockebrand, Peter Stockfisch, Gert Wohlleben

PRINCIPAL ACTIVITIES: Acquisition, processing, storage, transport and sale of oil and natural gas and other minerals; manufacture, processing storage, transport and sale of oil, gas and mineral products

Parent Company: The British Petroleum Company pic

Subsidiary/Associated Companies: (100% owned unless stated): Oil: BP Strom eyer GmbH; BP Stromeyer GmbH Handelsgesellschaften; Deutsche BP Tankstellen GmbH; Fanal GmbH; Olex Tankstellen-Betriebsgesellschaft mbH; Gelsenberg AG; Gelsenberg Handel GmbH (99%); Gesellschaft fUr Transport und Logistik mbH; Oelwerke Julius Schindler GmbH; Erdolraffinerie Ingolstadt AG (50%); ErdoelRaffinerie Speyer ELF Mineraloel GmbH & Co (25%); Deutsche BP Berlin GmbH; BP Bunker GmbH; Rhein-MainRohrleitungstransportgesellschaft mbH (31%); Deutsche Transalpine Oelleitung GmbH (11 %); Nord-West Oelleitung GmbH (15%); Norddeutsche Oelleitungsgesellschaft mbH (NDO) (48.5%); Union-Tank Eckstein GmbH & Co KG (19.4%); Tanklager-Gesellschaft Tegel (TGT) (33.33%); TBN TanklagerBetriebsgesellschaft Nurnberg mbH (40%); HydrantenBetriebs-Gesellschaft Flughafen Frankfurt/M (12.5%); Tanklagergesellschaft Koln-Bonn (TGK) (14.29%); TLG Tanklager-Gemeinschaft Trier (50%). Chemicals and Plastics: Deutsche BP Chemie GmbH; EC Erdolchemie GmbH (50%); AK Chemie GmbH & Co KG (10.85%); AOE Plastic GmbH; Polydress Plastic GmbH; Etimex Kunststoffwerke GmbH; Aethylen-Rohrleitungs-GmbH & Co KG (16.67%). Household Chemicals: Globol-Werk GmbH (75%); Globol International Vertriebs- und Entwicklungs-GmbH (75%). Gas: Ruhrgas AG (25.47%); Schubert KG (2.96%); Erdgas-Verkaufs-Gesellschaft mbH (1.1 %); Bergemann GmbH (0.154%); BP Flussiggas GmbH; Progeha Flussiggas GmbH; DFTG-Deutsche Flussigerdgas Terminal Gesellschaft mbH (28.56%). Coal: BP Strom eyer GmbH; Willy Peters GmbH (50%); Fechner HoldingGmbH (45%)

Principal Bankers: Dresdner Bank; Deutsche Bank; Commerzbank; Landesbank

Financial Information: Group Figures


31.12.86 DM'OOO

15,453,769 58,600 45,354

136,524 1,500,000 1,410,563

31.12.87 DM'OOO

11,532,231 154,366 143,208 136,048

1,500,000 1,807,118

No of Employees: 1,483 Parent Company; 5,552 Group

DEUTSCHE FINA GMBH Bleichstr 2-4, Postfach 100647, 6000 Frankfurt/Main Tel: (069) 21980 Telefax: (49 69) 2198-345 Telex: 0412634 fina Teletex: 69 90 754 FINA

Supervisory Board: Jurgen Reimnitz (Chairman), Pierre de Tillesse, Franc;:ois Cornelis, Gunther Dannull, Gerhard Kruger, Georges vander Straeten

Management Board: Eberhard Graf von Schwerin (Chairman), Kurt Mohr, Gerd Erich Westmeier

Senior Executives: Heinrich Braubach (Sales, Lubricants), Werner Dannel (Engineering), Klaus Jurgen Gassmann (Sales, Gas), Jurgen Harding (Sales, Rubber), Gerhard Koch (Sales), Heinz Kreutz (Finance), Bernd Lochmann (Personnel Manager), Herbert Krajuik (Distribution), Wolfgang Marmann (Controlling), Ulrich Melzer (Organisation), Rene Meyer (Petrol Station Sales), Eberhard Mihulka (Credit), Dr Hermann Pauls (Legal), Jurgen Friedemann (Data Processing), Carsten Schramm (Sales, Plastics), Gunter Rieck (Tax), Friedrich Schmidt (Lubricant Sales), Dr Heribert Schmitz-Sinn (Supplies), Dr Karl-Heinrich Schnier (General Finance), Peter Sossenheimer (Sales Chemicals), Bruno van Weely (International Sales)

PRINCIPAL ACTIVITIES: Sales and supply of mineral oil, petrol, diesel oil, jet fuels, liquid gas, grease, heating oil; also some chemical products

Trade Names: FINA Parent Company: Petrofina SA, Brussels (100%) Subsidiary/Associated Companies: (100% owned unless stated):

Erdol-Raffinerie Duisberg (ERD) GmbH; Fina Bitumenwerk GmbH; Euro-Oil Vertriebs GmbH; Sigma Coatings GmbH; AirTankdienst Fina/Total GbR (50%); Norsea Gas GmbH (30%); Protherm GmbH; Sigma Unitecta Farben GmbH; Weser Fernwiirme GmbH; Air-Tankdienst Koln-Porz (25%)

Principal Bankers: Landeszentralbank; Commerzbank AG; Dresdner Bank AG; Deutsche Bank AG


Sales turnover Profit (loss) after tax Retained profit Shareholders funds


31.12.86 DM'OOO

2,361,700 (9,237)

65 54,000

31.12.87 DM'OOO

1,328,400 15,921 15,986 54,000

DEUTSCHE GELATINE-FABRIKEN STOESS & CO GMBH Gammelsbacher Strasse 2, 6930 Eberbach Tel: (0 62 71) 841 Cable: gelatine eberbach Telex: 0466240 Telefax: (0 62 71) 84-548

Management Board: Dr.-Ing. Peter J Koepff, Dipl.-Ing. Urs W Nedbal, Dipl.-Ing. Jorg Siebert, Dipl.-Ing. (FH) Reinhard Schrieber

PRINCIPAL ACTIVITIES: Manufacture of food products and related chemicals including starches

85

Trade Names: GELIT A

Principal Bankers: BHF-Bank Frankfurt; Deutsche Bank ; Volksbank


Sales turnover Shareholders funds

DEUTSCHE ICI GMBH Lyoner Str 36, 6000 Frankfurt (Main) Niederrad Tel: (069) 6 60 01 Telex: 0416974 ici d

Telefax: (069) 6600 234 (Kalle Infotec)

Chairman: Gustav Dierssen Directors: R Jansche, H Engelke, K-H Wieland

31.12.87 DM'OOO

253,700 45,500

PRINCIPAL ACTIVITIES: Production of, and trade in plastics, PU-systems, films, PVC, chemicals and speciality chemicals, fibres, pharmaceuticals, paints and pigments, agro chemicals, chlorine and caustic soda, high performance lubricants

Parent Company: Imperial Chemical Industries PLC, UK Subsidiary Companies: ICI (Europa) Fibres; ICI Lacke Farben

GmbH; ICI Wilhelmshaven GmbH; ICI Atlantik GmbH; Vereinigte Kunststoffwerke GmbH; ICI Pretechnik GmbH; Stahl-Polyvinyl Chemie GmbH; Tribol Lubricants GmbH. Branches: ICI-Pharma, Arzneimittelwerk Plank stadt; AtlasChemie

Principal Bankers: BHF-Bank; Commerzbank; Deutsche Bank Financial Information:

Sales turnover

Profit after tax Share capital

No of Employees. 6,000

1986 DM'OOO

2,864,000 3,000

450,000

1987 DM'OOO

2,948,000 33,000

450,000

DEUTSCHE MARATHON PETROLEUM GMBH Postfach 688, 0-8000 Munchen 1 Tel: 49-89-23070 Cable: Maratoil Munchen Telex: 5-29382 maol d Telefax: 49-89-2307316 (auto)

Supervisory Board: Dr Richard Schenz (Chairman), Dr K Westrick, A Sonnenberg

Management Board: Werner Bohnhorst, Willi Bettinger Senior Executives: J 0 Brandt, Werner Schinan

PRINCIPAL ACTIVITIES: Processing and trade in crude oil and trade in oil products

Parent Company: OMV AG, Vienna Principal Bankers: Deutsche Bank; Bayerische Vereinsbank;

Dresdner Bank; Chase Bank AG Financial Information:


Principal Shareholders: OMV AG


DEUTSCHE SHELL AG

31.12.86 DM'OOO

1,073,430 200,000

31.12.87 DM'OOO

1,020,000 200,000

Shellhaus, Uberseering 35, Postfach 600520, 2000 Hamburg 60 Tel: (040) 634-1 Cable: Shell Hamburg Telex: 21970-0

Supervisory Board: H de Ruiter (Vorsitzender), R Kleinesper (stellv Vorsitzender), Dr W von IIsemann, R Issen, Dr Ing M Lennings. H Mettke, H Paetow, C Ruben, Dr E h G Sassmannshausen, H Schroder, L C van Wachen, J C Welbergen

GERMANY Management Board: C A J Herkstr6ter (Vorsitzender), Dr K-W

Muller (stellv Vorsitzender), Dr 0 Ahrens, Dr H Dehmel, Dr H Lottig, H Wrage

Senior Executives: Georg Beckmann, Dr Dieter Gast, Dr Lothar Geldern, Peter-Jurgen Gerhartz, Dr Hans Hinkel, Jurgen Hansen, Klaus-Peter Johanssen, Gottfried 0 Kirsten, HansJoachim Klein, Lothar Magdalinski, Dr Eckart Meyn, Heinz Mundt, Dr Hubert Ruhig, Karl-Hans Schiifer-Kunz, Wilhelm Stumke, Dr Hans-Erhard Sulanke, Dr Siegmar Vetter

PRINCIPAL ACTIVITIES: Exploration and production of crude oil and natural gas; petrol refining and marketing; petrochemicals

Parent Company: Royal Dutch/Shell (100%)

Subsidiary Companies: (100% owned unless stated): Brigitta Erdgas und Erd61 GmbH (50%); Elwerath Erdgas und Erd61 GmbH (50%); BEB Erdgas und Erd61 GmbH (50%); Shell Petroleum Development Company of Somalia Sri (Somalia); Societe Shell Tunisienne de Developpement Petrolier SA (99.9%) (Tunisia); Deutsche Erdgas Transport Gesellschaft mbH (25%); Gasint-Gesellschaft fUr Gasinteressen mbH; Deutsche Shell Tanker-Gesellschaft mbH; Solena Shipping Company of Monrovia (Liberia); Rhein-MainRohrleitungstransportgesellschaft mbH (41 %); Deutsche Gesellschaft fUr Erd61interessen mbH; Albert Gent GmbH; Bardia Handels-GmbH; Bernward Kleine Mineral61e GmbH; Biekarck Mineral61vertrieb GmbH; Bramin-Mineral6lvertrieb GmbH; Breusch & Berberich Brennstoffvertrieb GmbH; Craiss Mineral61vertrieb GmbH; D6rner & Breuer GmbH; Empl Mineral61vertrieb GmbH; Grubert Mineral61vertrieb GmbH; Hillemeyer Heizungsbau und Mineral61vertrieb GmbH; Holsten Mineral61vertrieb GmbH; Komm Tank- und Heiztechnik GmbH; Kohnen Mineral61vertrieb GmbH; Main-Taunus Mineral61vertrieb GmbH; Martin M6hlmann Mineral61e GmbH; Meyer Mineral61vertrieb und Wiirmedienst GmbH; Mineral61vertrieb Amberg-Schwandorf GmbH; Mineral61vertrieb Dortmund GmbH; Mineral61vertrieb Einbeck GmbH; Mineral61vertrieb GmbH Sudhessen; Mineral61vertrieb GmbH Lahn-Dill; MVK Mineral61vertrieb GmbH; Mineral61vertrieb M611er GmbH; MVO Mineral61vertrieb GmbH; Mineral61vertrieb Nordschwaben GmbH; Mineral61vertrieb Staufen GmbH; Mineral61vertrieb Rhenania GmbH, Aschaffenburg; Mineral61vertrieb Rhenania GmbH, Braunschweig; Mineral61vertrieb Rhenania GmbH, Dusseldorf; Mineral61vertrieb Rhanania GmbH, Essen; Mineral61vertrieb Rhanania GmbH, Hannover; Mineral61vertrieb Rhenania GmbH, K61n; Mineral61vertrieb Rhenania GmbH, Limburg; Mineral61vertrieb Rhenania GmbH, Ludwigshafen; Mineral61vertrieb Rhenania GmbH, Ludenscheid; Mineral61vertrieb Rhenania GmbH, Nurnberg; Mineral61vertrieb Rhenania GmbH, Olching; Mineral61vertrieb Rhenania GmbH, Schweinfurt; Mineral61vertrieb Rhenania Oberfranken GmbH; Minerva Mineral61vertrieb und Berliner Feuerungsdienst GmbH; Neckar-Alb Mineral61vertrieb GmbH; Neubauer Mineral61e GmbH; OMV Mineral61vertrieb in Osnabruck GmbH; Pappenberger Mineral61vertrieb GmbH; Rauch Mineral61vertrieb GmbH; Rhenania Mineral6lvertriebsGesellschaft mbH; Scheibler Mineral61vertrieb GmbH; Siegener Mineral61vertrieb GmbH; Sudbadischer Mineral61vertrieb GmbH; Teutonia Mineral61vertrieb H Obermann GmbH; VWG Mineral61e GmbH; VWG Osmin Mineral61vertrieb GmbH; Werner Mineral61vertrieb GmbH; Weser-Elbe Mineral61vertrieb GmbH; Weser Mineral61vertrieb GmbH; Wurzburger Mineral61vertrieb GmbH; Flussiggas Terminal Emden GmbH; Propan-Menke, Chr Menke & Co GmbH; Gebruder Wiessner Propangrossvertrieb GmbH; Flussiggas-Grossvertrieb fUr Propan und Butan GmbH; Caratgas Flussiggas-Versorgungs-Gesellschaft mbH (50%); Willersinn & Walter Flussiggas-Versorgungs- und Handelsgesellschaft mbH & Co KG (47.6%); Willersinn & Walter Flussiggas-Versorgungsgesellschaft mbH (50%); Schulz + Rackow Gastechnik GmbH; Deutsche Gesellschaft fur Olwarmeinteressen mbH; Helios-Fernwiirme GmbH; Gevem Gesellschaft fUr die Veredelung und den Vertrieb bon Mineral61produkten mbH; Hans von Reppert

86

Schmierstoffhandelsgesellschaft mbH; Dima-Chemie Produktions- und Vertriebsgesellschaft fUr chemische Spezialprodukte mbH; Mirobo Gesellschaft fUr die Produktion und den Vertrieb bon Spezialschmierstoffen mbH; P Koerber Spezialschmierstoffe fur die Keramik- und Betonindustrie GmbH; Shell Macron GmbH; Deutsche Gesellschaft fur Tankstellen- und Parkhausinteressen mbH; ESTE Lager- und Handelsgesellschaft mbH; Deutsche Gesellschaft fUr Bauinteressen mbH; T.I.B.-Chemie GmbH; OFT Deutsche Fliichen-Technik Latexfalt GmbH; Latexfalt Industriefussboden GmbH; Isoliertechnik GmbH; DEBEF Chemie GmbH; DEWA oHG (50%); Recozell Leichtbauelemente GmbH; "anke" Plast GmbH; "anke" Plast Produktions- und Vertriebsgesellschaft mbH; Angewandte Isoliertechnik ait GmbH (50%); Possehl Spezialbau GmbH (50%); Colas Bauchemie GmbH; Petra European Trading Co BV (40%) (Netherlands); Deutsche Shell Chemie GmbH; Shell Agrar Beteiligungs-GmbH; Shell Agrar GmbH & Co KG; Rheinische Olefinwerke GmbH (50%); Technochemie GmbH-Verfahrenstechnik; 1M-Tech Integrated Materials Technology GmbH; Shell Chemie K61n GmbH; Shell Kolen Participatie Maatschappij BV (50%) (Netherlands); IVVIndustrie-Versicherungsvermittlungs-GmbH



No of Employees: Company 3,628

31.12.86 DM'OOO

17,616,131 889,511 397,334 360,000

1,000,000

DEUTSCHE SOLVAY-WERKE GMBH Langhansstr 6, Postfach 11 02 70, 5650 Solingen 11 Tel: (0212) 704-0 Cable: 818 Solvay Werke Telex: 8514818 Telefax: (0212) 704570

31.12.87 DM'OOO

15,854,274 308,361 245,843 360,000

1,000,000

Supervisory Board: Albert Rampelberg (Brussel, Vorsitzender), Dr. Ulrich Cartellieri (Dusseldorf), Dr. Harro Gurland (K6In), Claude Loutrel (Brussel), Friedel Neuber (Dusseldorf), Baron Daniel Janssen (Brussel). Arbeitnehmervertreter: Klaus Helmes (Rheinberg, stellv Vorsitzender), Hans-Joachim Lipke (Solingen), Dr. jur. Siegfried Rixen (Solingen, Vertreter der leitenden Angestellten), Helmut Neumann (Rheinberg), Helmuth Oftergeld (Kreteld, IG Chemie, Papier, Keramik), Heinz Schwabenland (Leverkusen, IG Chemie, Papier, Keramik)

Management Board: Konsul Cyril Van Lierde (Vorsitzender), Dipl.-Ing. Heinz Blessmann, Dr. jur. Klaus Quack, Konsul Gunther Tilk, Dr. rer. nat. Gunter Wehrmeyer, Dipl.-Ing. Jochen Bosse (stellv Geschiiftsfuhrer)

Senior Executives: Direktoren: Dr. Ing. Gerald Augustin, Dr. rer. pol. Wilhelm Flacke, Dipl.-Berging. Bernhard Florin, Dr. rer. nat. Bernhard Frerichmann, Dipl.-Kfm. Hans Ludwig Holtzmann, Dr. rer. pol. Jurgen Hubner, Dipl.-Kfm. Theo Humperdinck, Dipl.-Ing. Ludger Krahling, Rechtsanwalt Heribert Kurtenbach, Dipl.-Ktm. Dietrich Pilz, Dipl.-Kfm. CarlHeinrich Grat von Puckler, Ass. d. Bergt. Karl Schmidt, Dr. rer . pol. Bernd Tesche

PRINCIPAL ACTIVITIES: Chemical and petrochemical products Trade Names: Sodusec, Socal, Optimix, Optifloc, Tiona,

Laponite, Perstabil, Soltene, Tristabil, Travoxene, Solvethane, Solvic, Solvic-S, Solvic-Premix, Benvic, Eltex, Eltex-P, Ixan, Solet, Ixef, Clarene, VCM, Nyref, Primef

Parent Company: Solvay & Cie SA, Brussels, Belgium Subsidiary Companies: Alkor GmbH Kunststoffe; Alkor

Markenhandels GmbH; Alkor Holding Karl Lissmann GmbH; Arasin GmbH; Desowag Materialschutz GmbH; DesowagChemie GmbH; Werner Dreis6rner GmbH; Hoelsle & Chelius GmbH; Kali-Chemie AG; Mohr GmbH & Co; Salzgewinnungsgesellschaft Westfalen mbH; Schering Solvay

Duromer GmbH; Ferdinand Ickenroth GmbH; SOLTRONIC Chemikalien fur die Elektronik GmbH

Principal Bankers: Landeszentralbank; Postscheckamt Essen Financial Information:

31.12.86 DM'OOO

Group sales turnover 3,452,000 Sales turnover GmbH 996,000 Profit after tax GmbH 77,762 Retained profit GmbH 77,979 Share capital GmbH 185,000 Shareholders funds 282,979

No of Employees: 2,999 (GmbH); 11,232 (Group)

DEUTSCHE TEXACO AG Ueberseering 40, Postfach 600449, 2000 Hamburg 60 Tel: (040)63 750 Cable: Texaco Hamburg Telex: 21151320 tx d Telefax: (040) 63 75 34 96

31.12.87 DM'OOO

3,634,000 1,149,000

88,610 87,749

185,000 293,889

Supervisory Board: Dr Alfred Herrhausen (Chairman), KlausDieter Sudhofer (Deputy Chairman), William S Barrack jr (USA), Wolfgang Baumhbver, Adolf Braasch, Dr Walter Cipa, Dr Christoph von der Decken, HanS-Georg Goethe, Paul B Hicks jr (USA), Werner Karstens, Helmut Kynast, Rolf Langmesser

Management Board: Dr Armin Schram (Chairman), Dr Peter Koch (Deputy Chairman), Dr Dieter Drager, Claus Groth, Ernst-Helmut Ladebeck, Hans-Joachim Schmincke

PRINCIPAL ACTIVITIES: Exploration and production, refining and marketing of petroleum and petrochemicals

Parent Company: Rheinisch-Westtalisches Elektrizitatswerk AG (RWE), Essen

Subsidiary Companies: (100% owned unless stated): Condea Chemie GmbH; Edeleanu Gesellschaft mit beschrankter Haftung; thermotex Gesellschaft fur Fernwarme mbH; Alpinol Mineralblhandel GmbH; Texaco Mineralblverkauf Duisburg GmbH; Texaco Mineralblverkauf Frankfurt GmbH; Texaco Mineralblverkauf Kbln GmbH; Texaco Mineralblverkauf Mannheim GmbH; Texaco Mineralblverkauf Nurnberg GmbH; Texaco Mineralblverkauf Stuttgart GmbH; "DEA" Versicherungsvermittlungs-Gesellschaft mit beschrankter Haftung; Bonafides Grundstiicksverwaltungsgesellschaft mbH; Bonafides Grundstiicksverwaltungsgesellschaft mbH & Co Vermietungs KG (95%); Texaco Austria GmbH (Austria)

Principal Bankers: LZB; Deutsche Bank AG; Dresdner Bank AG; Commerzbank AG; Hamburgische Landesbank- Girozentrale

Financial Information: 31.12.86 31.12.87 DM'OOO DM 'OOO

Sales turnover 7,807,000 7,602,000 Profit before tax 570,424 Profit after tax 175,485 Retained profit 133,535 Dividends per share 13.65DM Share capital 500,000


DIAMALT AG Friedrichstr 18, Postfach 40 04 69, D-8000 Munchen 40 Tel: 381811 Cable: Diamalt Munchen Telex: 0523835

482,509 92,728 89,507

6.75DM 500,000

Management Board: Dr Reiner Michel (Vorsitzender)

PRINCIPAL ACTIVITIES: Food products; amino acids; auxiliary products for textiles; chemicals

Principal Bankers: Bayerische Hypothekenbank; LZB in Bayern; Dresdner Bank

87


Sales turnover


DIDIER-WERKE AG Lessingstr 16-18, 6200 Wiesbaden Tel: (06121) 3590 Cable: Didierwerke Wiesbaden Telex: 04186681 diw d Telefax: (06121) 359-475

Supervisory Board: Dr Horst Burgard (Chairman)

DM'OOO 150,000

Management Board: Dipl-Kfm Dr jur Martin Bieneck (Chairman), Dietrich von Knoop (Vice Chairman), Werner Gottwald, Prof Dr Ing Peter Jeschke, Dr Ing Gerhard Reinhardt, Dr phil Herbert Schafer

Senior Executives: Prof Dr-Ing Hans E Buhler, Dipl-Ing Ulrich Daermann, Dipl-Ing Dieter Sack

PRINCIPAL ACTIVITIES: All kinds of fire and acid resistant products for the iron and steel, chemical, cement, glass and other industries; complete fire-resistant linings for furnaces for all other installations; engineering services and installations; technical ceramics

Subsidiary/Associated Companies: (100% owned unless stated): Rheinische Chamotte und Dinas GmbH; TonausbeuteGesellschaft Eisenberg GmbH; DSIPC-Didier Societe Industrielie de Production et de Constructions (59.8%) (France); Didier, Corporation de Produits Refractaires (Canada); Didier-Taylor Refractories Corporation (DTRC) (USA); Didier SA Fabricas de Materiales Refractarios (Spain); Didier Belgium NV (99.4%) (Belgium); Didier in Osterreich Ges mbH (Austria); Stopinc AG (50%) (Switzerland); Didier (South Africa) (Pty) Ltd (80%) (South Africa); Furnace Services (Pty) Ltd (80%) (South Africa); Magnesitas Navarras SA (MAGNA) (50%) (Spain); Sardamag SpA (48.2%) (Italy). Didier Engineering Services: Didier Engineering GmbH (DE) (30%); Hermann Rappold & Co GmbH; Westofen GmbH; MUT Mischund Trenntechnik GmbH (74.9%); Didier Ingenieria y Montajes Industriales SA (DIMISA) (Spain); DIDIER OFU SA (DOSA) (50%) (Spain); Karrena SA (50%) (Spain)

Principal Bankers: Deutsche Bank AG; Commerzbank AG; Merck, Finck & Co; Berliner Handels-und Frankfurter Bank

Financial Information: Consolidated figures 31 .12.86 31 .12.87

DM 'OOO DM'OOO

Sales turnover 1,184,000 1,047,000 Profit before tax 50,000 38,900 Profit after tax 17,684 14,400 Retained profit 4,000 3,000 Dividends 12,000 11,088 Dividends per share 7.50DM 6.00DM Earnings per share 14.22DM 8.07DM Share capital 92,400 92,400 Shareholders funds 248,000 255,300

Principal Shareholders: ROSSMA-Beteiligungsgesellschaft mbH, Frankfurt; VIAG AG, Bonn

No of Employees: Company 3,766, Group 5,724

DOERKEN,EWALD,AG Wetterstr 58, 5804 Herdecke Tel: (02330) 631 Cable: Edag Telex: 08239428 Telefax: (02330) 63335

Supervisory Board: Dr Walter A Blum; Dr Klaus Stuok, RA Rainer Salmon

Management Board: Ewald Doerken, Dr Hellmut Herminghaus, Dr Jochen Plass mann

Senior Executives: F Dick, D Jablouka (Plastic Division), B Hermesmann, W Schmidtmann (Paint Division)

GERMANY PRINCIPAL ACTIVITIES: Industrial and building paints and

plastics

Trade Names: Delta, Deltaplan, Deltafol etc

Subsidiary Companies: Doerken France Sari (France); Doerken AG (Switzerland)

Principal Bankers: Deutsche Bank AG


1986 1987

DM'OOO DM'OOO


Profit before tax 3,316 2,940

Profit after tax 1,250 1,250

Retained profit 1,250 1,250

Dividends 15.5% 15.5%

Dividends per share 15.50DM 15.50DM

Share capital

Shareholders funds

Principal Shareholders: Family owned


DOW CHEMICAL GMBH Poststr 1, D-216O Stade

Tel: (04141) 105-1

Cable: Dowchem stade

Telex: 218651 dow d

5,000 5,000

8,775 9,250

Managing Directors: Kurt Leutert, Andrew J Butler, Bernhard B Brummer, William J Neely

PRINCIPAL ACTIVITIES: Manufacture of, and trade in industrial chemicals and plastics

Parent Company: Dow Chemical Corp, USA


Sales turnover


DR KARL THOMAE GMBH See THOMAE, DR KARL, GMBH

DM'OOO

1,560,000

DSD DILLINGER STAHLBAU GMBH Henry Ford Str, Postfach 1340, 6630 Saarlouis

Tel: (06831) 18-1

Cable: dsd-saarlouis

Telex: 443724 dsd

Telefax: (06831) 18-416

Supervisory Board: Dr Manfred Schiifer (Chairman)

Management Board: H Welsch (Chairman), D Bies, H Biewer, S Lehmann, RAW Muller

PRINCIPAL ACTIVITIES: Iron and steel industry; building elements, scaffolding; water conditioning and air conditioning plants and equipment; cranes; building and construction work

Trade Names: DSD

Subsidiary Companies: S H G Saarliindische Handelsgesellschaft mbH; VEREA Versicherungs- und Reiseagentur GmbH; SECOMETAL SA (France); SOCOMET AL SA (Belgium); DSD Dillinger Service Division for Industry Ltd (UK); DEC Dillinger Engineering en Contracting BV (Netherlands); DSD (Nigeria) Ltd (40%) (Nigeria); DESI Dillinger Engineering and Services for Industries Inc (USA); CGI Compania General de Industrias CA (49%) (Venezuela). Sister Companies: DSD Eisen-und Maschinen AG (Switzerland); DSD International Contractors Sari (Luxembourg)

Principal Bankers: Saar LB; BNP; Commerz-Credit; Deutsche Bank; Dresdner Bank; Bayerische Vereinsbank

88


Sales turnover Profit (loss) before tax Profit (loss) after tax Share capital Shareholders funds


1986 DM'OOO 589,972

3,263 66

100,000 144,415

1987 DM'OOO 515,759

(1,769) (3,153)

100,000 137,820

DU PONT DE NEMOURS (DEUTSCHLAND) GMBH Hans-Bockler Str 33, Postfach 300388, D-4000 Dusseldorf 30 Tel: (0211) 43071 Cable: Dupont dssd Telex: 8584397

Board of Managing Directors: Dr W Riedner (Chairman)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products and their derivatives; textile fibres, elastomers, plastiC resins and films, photographic products for graphic arts and X-ray applications agrichemicals, industrial chemicals, electronic materials, analytical instruments, refrigerants and propellants

Parent Company: E I du Pont de Nemours & Co Inc, Wilmington/Del, USA

Principal Bankers: Chase Bank AG; Commerzbank AG; Deutsche Bank AG


Sales turnover


DYNAMIT NOBEL AG Postfach 1261, D-521 0 Troisdorf Tel: (02241) 85-0 Cable: Adastra Troisdorf Telex: 889662 dntr d Telefax: (02241) 85 4585

Management Board: Dr Axel Hornberg

DM'OOO 2,400,000

PRINCIPAL ACTIVITIES: Manufacture and sale of explosives, detonators and munitions; chemical products; plastics

Trade Names: Rottweil, RWS, Geco, Trosiplast, Trogamid, Dyflor, Dynagunit, Dynazirkon, Dynamullit, Dynaspinell, Pollopas, Ultrapas, Trolitan, Dynapol, Witepsol, Miglyol, Imwitor, Softisan, Bikorit, Redurit, Semirit, Dynatherm, Dynacast, Trovidur, Trolitax, Trosifol, Trocellen, Trovipor, Trofil, Dynos, Astralit, Astralon, Astraglas, Cellonex, Mipoplast, Mipolam, Trocal

Parent Company: Feldmuhle Nobel AG, Dusseldorf Principal Bankers: Deutsche Bank AG Financial Information:

Sales turnover


E H WORLEE & CO See WORLEE, E H, & CO

E MERCK See MERCK, E,

EC ERDOLCHEMIE GMBH Postfach 752002, D-5000 Koln 71 Tel: (021 06) 551 Cable: Erdolchemie Koln-Worringen Telex: 8517361 ; 8517362

DM'OOO 3,200,000

Supervisory Board: J M Pattinson (Ehrenmitglied), Dr Hellmuth . Buddenberg (Vorsitzender), Hermann Diehl (Stellvertretender

Vorsitzender), Karl Ebert, Dr Gerhard Fritz, Dr Alfons Kottmann, Hermann Minten, Rolf Saumann, Dr Helmut

Scherb, Heinz-Josef Schiefer, David A G Simon, Dr Hubert Sutter, Dr Hermann Wunderlich

Managing Directors: Dr Arnold Hausweiler, Dr Gerhard Voss Senior Executives: Arne Altvater (Kaufmiinnischer Bereich), Kurt

Dexel (Personal und Recht), Dr Klaus Peter Ochel (Technik), Dr Siegfried Ruch (Produktion)

PRINCIPAL ACTIVITIES: Manufacture of petrochemicals Parent Company: Deutsche BP AG Hamburg, BAYER AG

Leverkusen Associated Companies: ARG Aethylen-Rohrleitungs-GmbH & Co

KG Principal Bankers: Deutsche Bank; Commerzbank; Dresdner

Bank; Sal Oppenheim jr & Cie; CG Trinkaus & Burkhardt; Citibank




ELF MINERALOL GMBH

31.3.86 DM'OOO

3,123,299 320,000

Berliner Allee 52, Postfach 2829, 0-4000 Dusseldorf Tel: (0211) 8899-1 Telex: 8586624

31.3.87 DM'OOO

1,925,298 320,000

Management Board: Dr R Meusel (Chairman), W E Drexlin, G Holtken, J Bottcher, R Schwach, R Welchman

PRINCIPAL ACTIVITIES: Exploration, production and refining of petrol; transport and trade in fuel; petrochemicals

Parent Company: Societe Nationale Elf Aquitaine (97.2%), France


Sales turnover


DM'OOO 2,000,000

ERDOLRAFFINERIE INGOLSTADT AG Eriagstr 34, 0-8070 Ingolstadt Tel: (0841) 6811 Cable: Eriag d Telex: 55841 eriag d Telefax: 64090

Supervisory Board: Dr Rolf Stomberg (Chairman), Dr Ing Emilio Humouda (Deputy Chairman)

Management Board: Dipl.-Ing. Friedrich Epting, Heinz Loehr Senior Executives: Werner Bannke (Plant Superintendent), Karl

Hagemeier (Maintenance Superintendent), Gerhard Kudernatsch (Head of Administration), Waldemar Juetting (Personnel Manager)

PRINCIPAL ACTIVITIES: Refining of petrol Principal Bankers: Hypobank; Bank of' America; Deutsche Bank;

Bayerische Vereinsbank; Dresdnerbank Financial Information:


Principal Shareholders: Agip Deutschland AG; Gelsenberg AG No of Employees: 212

ESSO AG Kapstadtring 2, Esso Haus, Postfach 600620, 2000 Hamburg 60 Tel: (040) 6331 Cable: Essostan Telex: 0217006-0 Telefax: 6333368; 633 3377

Chairman: T Kohlmorgen Directors: Dr H Assmann, P Schillmoller, Dr Uwe Joenck

PRINCIPAL ACTIVITIES: Oil refining and marketing Parent Company: Exxon Corp, New York, USA

89

Subsidiary Companies: Deutsche Exxon Chemical GbrrH Esso Tankschiff Reederei GmbH; Favorit UnternehmungsVerwaltungs GmbH

Principal Bankers: Dresdner Bank AG Financial Information:

Sales turnover Profit after tax Dividends Share capital '1 st January 1987

1986 DM'OOO

16,026,000 307,000 306,000

800,000'

1987 DM'OOO

14,100,000 145,000 145,000 800,000

Principal Shareholders: Exxon Corp, New York, USA (100%) No of Employees: 2,583

ESSO CHEMIE GMBH 60 Neusserlandstrasse 16, 5000 Koln 1 Tel: (0221) 16 15-0 Telex: 8881814 Telefax: (0221) 7703-355

Management Board: E Werner Senior Executives: W Knobloch

PRINCIPAL ACTIVITIES: Manufacture of wide range of chemical and petrochemical products



2,600,000

Principal Shareholders: Exxon Corporation, USA No of Employees: 613

EVT

Energie-und Verfahrenstechnik GmbH Stuttgart Augsburger Str 712, 7000 Stuttgart 61 Tel: (0711) 6694-1 Cable: Unicarbo Stuttgart Telex: 7 23 656 a evt d; Teletex: 7 11 626 EVT Telefax.· (0711) 66 94-483

Supervisory Board: Dipl.-lng.Hans-Dieter Meissner (Chairman) Management Board: Dipl.-lngWilhelm Heitmann (Chairman),

Dipl.-lng.Norbert Kruger, Prof.Dipl.-lng.Rudolf Pich, Rudolf Wolk

PRINCIPAL ACTIVITIES: Consulting, engineering, design and construction, erection and commissioning of firing equipment, grinding plants and steam generators for all capacities. pressures and temperatures for conventional energy production including steam generators with circulating fluidized firings. Further we design and deliver: waste heat steam generators; pulverized coal, oil and gas firing equipment; fluidized bed firing; grinding and drying plants; classification plants; beater wheel and roller mills; cylindrical ball mills: beater mills; peg, vertical and cage mills; ash removal plants; conveying equipment; fuel feeder; louvre type travelling grates; pusher grates; refuse incineration plants; sludge drying plants; process plants; flue gas desulphurization and denitrification plants; Service for all products In addition the subsidiary companies offer: treatment plants for fresh water, waste water as well as aqueous solutions of all types; power systems in chemical and petrochemical process plants for energy recuperating and process gas cooling especially with transfer line coolers; production of gases for industrial applications as well as the treatment and purification of gases and gas mixtures; steel chimneys, pressure vessels and tanks of all types, welding construction work; process stages for the chemical and petrochemical industry, food and pharmaceutical industry, for biotechnology and hydrometallurgy, for processing waste water and refuse as well as for product recovery

Subsidiary Companies: Hager + Elsasser GmbH; EVT-Mahler GmbH; VL T Gesellschaft fur verfahrenstechnische

GERMANY Entwicklung mbH; SCHMIDT'sche HEISSDAMPFGESELLSCHAFT MBH; August Wezel GmbH; Kohlenscheidungs-Ges mbH (Austria) and branch offices in Koln, Niirnberg and Berlin

Principal Bankers: Deutsche Bank; Baden-Wiirttembergische Bank; Dresdner Bank


Sales turnover Profit before tax Profit after tax Retained profit Share capital 'These figures are according

to new balance sheet guidelines and only a limited comparison is possible

31.12.86 DM'OOO 645,000 45,000 22,000 21,000 42,000

31.12.87* DM'OOO 556,000 45,000 23,000 21,000 48,000

Principal Shareholders: MAN Gutehoftnungshutte GmbH (33.33%); Walther Kesselbau GmbH (33.33%); Combustion Engineering Inc, USA (33.33%)

No of Employees: 1,754 EVT and German Subsidiaries

EWALD DOERKEN AG See DOERKEN, EWALD, AG

F REICHELT AG See REICHELT, F, AG

FELDMUHLE NOBEL AKTIENGESELLSCHAFT

FENO Monchenwerther Strasse 15, 4000 Diisseldorf-Oberkassel Tel: (0211) 5800 Telex: 8584-422 Telefax: (0211) 58 02 49

Supervisory Board: Dr. Bodo Liebe (Chairman), 'Wolfgang Schultze (Deputy Chairman), Dr. Hellmut K Albrecht, 'Dr. Nobert Arndt, 'Dieter Braun, Prof. Dr. Ernst Fiala, Hermann Flesch, 'Fritz Gimbel, 'Volker Jung, Dr. Hellmut Kruse, Dr. Ing. Horst Langer, Dr. Frank Niethammer, "Horst Pfeiffer, 'Rolf Rohrig, 'Klaus Schmid, Hans Peter Schreib, Heinrich WeiSS, "Manfred Werner, Dr. Herbert Zapp, "elected by the erTlployees

Management Board: Dr. Heribert Blaschke (Chairman), Dr. Hartwig Geginat, Dr. Ernst Grosch, Dr. Wolfgang Laaf

Senior Executives: Wieland Schneider (General Executive)

PRINCIPAL ACTIVITIES: Holding company for the Flick Group: interests include: paper and board; plastic products: heating products; building materials: waste water products; customer casting; explosives; kitchen products; high quality steel products; technical products

Subsidiary Companies (conSOlidated): (100% owned unless stated): Buderus Group:- Domestic: Buderus AG; Buderus Heiztechnik GmbH; Buderus Bau-und Abwassertechnik GmbH; Buderus Kundenguss GmbH: Buderus Kiichentechnik GmbH; Buderus Sell GmbH; Edelstahlwerke Buderus AG; Buderus-Handel GmbH; Logana Speditionsgesellschaft mbH; Senkingwerk GmbH: Rittershaus & Blecher GmbH; RoederGrosskiichentechnik GmbH; Sieger Heizkesselwerke GmbH: Baustoft-Union GmbH: Ferrum GmbH; Ursania-Chemie GmbH; Wetzlarer Bauverein GmbH; Lieferbeton GmbH; TBG Mittelhess, Lieferbeton GmbH & Co. KG. Foreign: Buderus Corporation (USA); Buderus Austria AG (Austria); Edelstahlwerke Buderus Nederland BV (Netherlands); Dynamit Nobel Group:- Domestic: Dynamit Nobel AG; GmbH zur Verwertung chemischer Erzeugnisse; EURODYN Spreng mittel GmbH: Vereinigte Jute Spinnereien und Webereien GmbH; Sprengstoff-Handels-Gesellschaft mbH; Spreng stoffVerwertungs-Gesellschaft mbH. Foreign: Dynamit Nobel RWS Inc (USA); Leslie Hewett Ltd (UK); BEDEC Chasse SA (France); Sociedad Anonima de Industrias Plasticas (Spain);

Gustav Genschow "Nobel" Gesellschaft mbH (Austria); Feldmuhle Group:- Domestic: Feldmuhle AG; Altpapier Verwertung Wattenscheid GmbH; Conti Bau und Immobilien GmbH; Continentale Versicherungs-Vermittlung GmbH; Conti Marketing-Service GmbH; Faserprodukte GmbH; FeldmuhleHylte GmbH; Forschungs-und Entwicklungsgesellschaft fiir Faserstoffe AG; Nord-Ostsee Schiffahrt-und TransportGesellschaft mbH; Papierfabrik Baienfurt GmbH; Sortiermaschinen-Gesellschaft mbH; Feldmuhle Kyocera Europa Elektronische Bauelemente GmbH. Foreign: NV Papierfabrik Gennep (Netherlands); SA Page (France): Page Verkoopmaatschappij BV (Netherlands): Page Celstofcrepe ApS (Denmark): NV Page (Belgium); Feldmuhle Wien Gesellschaft mbH (Austria); Comtrade Handelsgesellschaft mbH (Austria): Feldmuhle Schweden AB (Sweden); Feldmiihle Zellstoff AB (Sweden); Feldmuehle (UK) Ltd (UK): Gerald Judd Sales Ltd (UK): Gerald Judd Paper Ltd (UK): Judd Graphics Ltd (UK); Caxton Paper Company Ltd (UK); Feldmuhle IMEC Sri (Italy): Papierfabriek Langerbrugge NV (Belgium). Other:Domestic: Feldmuhle Vermogensverwaltung AG; Gesellschaft fUr Fahrzeug-und Maschinenwerte GmbH; MittelstahlHandelsgesellschaft mbH (formerly Mitteldeutsche Stahlwerke GmbHi; Linke-Hofmann-Werke GmbH: Waggon-und Maschinenfabrik GmbH (formerly Busch); Brandenburger Eisenwerke GmbH; Eisen-und Stuckblech-Handelsgesellschaft mbH; Gesellschaft fUr Luftfahrtzubehor mbH; Menzolit GmbH; Menzolit SARL (France); Sachsische Gussstahi-Werke Dohlen GmbH(99.9%). Foreign: Magal Industria e Comercio Ltda (51%) (Brazil)


Sales turnover" Profit before tax Net income Dividends Dividends per share Earnings per share Subscribed capital Shareholders equity 'World Group

31.12.87 DM'OOO

9,802,140 299,156 151,202 70,000

10.0DM 20.5DM 350,000

1,926,801

No of Employees: Flick Group 33,469 (worldwide)

FRANZ HANIEL & CIE GMBH See HANIEL, FRANZ, & CIE GMBH

FRIED. KRUPP GMBH See KRUPP, FRIED., GMBH

31.12.88 DM'OOO

7,901,359 320,158 158,712 70,000

10.0DM

350,000 1,862,375

FUCHS PETROLUB AG OEL + CHEMIE Friesenheimer Strasse 15, 0-6800 Mannheim 1 Tel: (0621) 3701-0 Telex: 463163 fuma d Telefax: (0621) 31 59 90

Supervisory Board: Dr Hans K Gehringer (Vorsitzender), Dr Ernst Denzel (stellv Vorsitzender), Hans Joachim Femzke (Arbeitnehmervertreter), Prof Dr Otto H Jacobs, Dipl-Kfm Otto G Schafer, Heinz Thoma (Arbeitnehmervertreter)

Management Board: Dipl-Kfm Dr Manfred Fuchs (Vorsitzender), Dipl-Ing Dr Theo Mang, Dipl-Kfm Hermann Troester, Dipl-Kfm Dr Gerhard Vogel. Group Management Board: Dipl-Kfm Dr Manfred Fuchs (Vorsitzender), Dipl-Kfm Hans Degen (Generalbevollmachtigter), Dipl-Kfm Wolfgang Kramer (Generalbevollmachtigter), Dipl-Ing Theo Mang, Dipl-Ing Ingo Pauler (Generalbevollmachtigter), Dipl-Kfm Hermann Troester, Dipl-Kfm Dr Gerhard Vogel

PRINCIPAL ACTIVITIES: Holding company with interests in specialty chemicals and oil exploration and production

Subsidiary Companies: (100% owned unless stated): German . Group: Deutsche Nyco GmbH (50%); Fuchs Industrie

GrundstUcksgeselischaft mbH (95%); Karl Sahm GrundstUcksund Verwaltungs-GmbH (95%): Fuchs Mineraloelwerke GmbH

(75.1%); Hahn-Beteiligungsgesellschaft GmbH (95%); Ingral GmbH; Oberflachenchemie Wahl-CFR GmbH; Parafluid Mineraloelgesellschaft mbH; Reiner Chemische Fabrik GmbH; R J Mellor & Co Ltd (30%) (UK); Sahm-Chemie GmbH; Union Fuchs Schmierstoffgesellschaft mbH (50%); Unipol Hahn, Hugo Hahn GmbH & Co KG; Valvoline Oel GmbH (95%); Valvoline Oel GmbH & Co (95%); UK Mineralalwerke Wenzel & Weidmann GmbH (74.7%); Chemische Fabrik Ravensberg GmbH; Conti-Chemie-Handelsgesellschaft mbH; Deutsche Calypsolgesellschaft mbH; Calypso I UK (UK); R J Mellor & Co Ltd (30%) (UK); Wisura Mineralalwerk Goldgrabe & Scheft GmbH & Co (85%); Wisura Beteiligungsgesellschaft mbH (85%); WV-Wilhelm Worm Mineraloel GmbH (50%). International Group: FUCHS PETROLUB AG (31.3%) (Switzerland); Chemsa SA (99%) (Spain); Distribucion Internacional de Lubricantes SA (50%) (Spain); Ets Prate SA (France); Fuchs Corporation (USA); Metal Lubricants Co (USA); Fuchs Holdings (Canada) Inc (Canada); Fuchs Lubrificantes Lda (Portugal); Lubricantes Fuchs de Mexico SA de CV (40%) (Mexico); Fuchs-Montgomery Company Inc (Canada); Mineral-Chemie AG (50%) (Switzerland); AII-Chem Pvba/Sprl (70%) (Belgium); AII-Chem SA (France); Aquitex Ltda (62.5%) (Portugal); Gaddacolor SpA (Italy); Motorex AG (50%) (Switzerland); Duscol GmbH (Switzerland); National Oil (Pty) Ltd (50%) (South Africa); National Oil (Coastal) (Pty) Limited (50%) (South Africa); Noxal Company (SA) (Pty) Limited (South Africa); Polaroil SA (France); Labo Industrie SA (95.5%) (France); Eyquem (France); Geosyl (France); Gie KVAS (France); K.L.G. (99.9%) (France); Societe Nouvelle des Huiles Minerales (99.4%) (France); Sibal (France); Societe Petroliere Fuchs Sari (France); Reiner Chemie GesmbH (60%) (Austria); Evva Schmiermittel-Fabrik GesmbH Nfg KG (26%) (Austria); Renolub Lubrificantes Ltda (61%) (Brazil); SahmAsfaltex SA (50%) (Spain); Steel Improvement Pty Ltd (Australia); Ultralin AG (Switzerland)

Principal Bankers: Deutsche Bank AG; Dresdner Bank AG; Sudwestdeutsche Landesbank AG


31.12.86 31.12.87 DM'OOO DM'OOO

Sales turnover 304,600 366,000 Profit before tax 12,600 16,100 Profit after tax 6,200 9,100 Retained profit 3,800 4.400 Ordinary dividend 8% 10% Preferred dividend 10% 12% Dividend per ordinary share 4DM' 5DM Dividend per pref share 5DM' 6DM Earnings per share DM10.00 DM10.50 Share capital 40,000 40,000 Shareholders funds 88,400 94,200 'plus 1 OM bonus

Principal Shareholders: (common shares) Fuchs family (over 50%); banks (15%)


GEBR ROCHLING See ROCHLlNG, GEBR,

GEHE & CO AG Neckartalstr 155, Postfach 500426, 0-7000 Stuttgart 50 (Sad

Cannstadt) Tel: (0711) 50380 Telex: 05212666

Management Board: Dr 0 Schadt (Chairman), K Bartels, 0 Kammerer

PRINCIPAL ACTIVITIES: Wholesale pharmaceuticals; soaps, perfumes, cosmetics and chemicals

Subsidiary Companies: DATEG GmbH Principal Bankers: Dresdner Bank

91

GERMANY Financial Information:


Principal Shareholders: Franz Haniel & Cie GmbH (50%) No of Employees: 1 ,440

GESTRA AKTIENGESELLSCHAFT Postfach 10 54 60, Hemmstr 130, 0-2800 Bremen 1 Tel: (0421) 3 50 31 Cable: Gestra Bremen Telex: 244945-0 gb d; Teletex 42 12 166 GAGHB Telefax: (0421) 3503-393

Supervisory Board: Dr rer pol Karl Mahlert (Vorsitzender), Peter Hartmann (Stellvertretender Vorsitzender), Friedrich Wilhelm Bracht, 'Karl-Ernst Reiner, 'Hans-Udo Vomfey, Dr rer nat Dietrich Zeyfang, 'Arbeitnehmervertreter

Management Board: Oipl Ing Claus H Oammers, Dr rer pol Manfred Ahlsdorff, Reinhold Oahne, Dr Ing Hans Graalmann

Senior Executives: Kurt-Rainer Burger, Dirk Dreyer, Hans Jurgen Ebert, Klaus Ehlers, Walter Fangrat, Werner Faller, Gerhard Juchem, Joachim Hadert, Walter Meyer, Hans Schnatmeyer, Peter Opitz, Walter Turk, Heino Zimmermann

PRINCIPAL ACTIVITIES: Steam traps and valves of all types, electronic control systems, heat recovery and compressed air equipment; process engineering; control gear for all types of systems, advisory services

Trade Names: GESTRA Subsidiary Companies: GESTRA SA (France); GESTRA (UK) Ltd

(UK); ITALGESTRA SpA (Italy); GESTRA ESPANOLA SA (Spain): GESTRA MEXICANA SA de CV (Mexico); GESTRA AG (Switzerland); GESTRA PORTUGUESA VALVULAS Lda (Portugal); GESTRA INC (USA); GESTRA AUSTRALIA Pty Ltd (Australia); GESTRA PULONIA (Poland)

Principal Bankers: Deutsche Bank AG; Bremer Bank Financial Information:



1986 DM'OOO 119,000 22,000

GEWERKSCHAFT BRIGITTA Riethorst 12, 0-3000 Hanover 1 Tel: (051) 16161 Telex: 0921 421

Management Board: Prof Dr H Lubben, E Schindewolf

PRINCIPAL ACTIVITIES: Exploration for oil and gas; manufacture of petroleum products

Principal Bankers: Commerzbank; Deutsche Bank Financial Information'

1987 OM'OOO 121,300 22,000


1,700,000

GIULINI CHEMIE GMBH Giulinistr.2, Postfach 15 04 80, 0-6700 Ludwigshafen/Rh. 15 Tel: (0621) 5001 Cable: Giulini Ludwigshafenrheinj Telex: 4 64842 gc d Telefax: 578031

Supervisory Board: Rechtsanwalt und Notar Walter Schuermann (Chairman), A J Hessler, Dr B Mielert, G Schmidt

Managing Directors: Dr F Kern, Dr Jens Peter Jensen

PRINCIPAL ACTIVITIES: Phosphoric acid salts, sodium aluminate, aluminium sulphate, alums, aluminium hydroxide as technical filler, gas purifying mass, fine chemicals, antacid alumina compounds. water treatment chemicals, chemical specialties for paper industry, synthetic plaster for medical, dental and technical application, food additives for meat, processed cheese. milk and fish industry

GERMANY Trade Names: Tari, Pescaplus, Solva, Solvaphos, Solvarom,

Kasiron, Turrisin, Siliphos, Luphos, Turbodispin, Aktiphos, Gilufer, Turbanion, Korrodex, Giluphos N, Aktisorban, Phoscaleen, Hexatren

German Subsidiary Companies: Turris Assekuranz GmbH; Turris Werke GmbH; Rhenoflex GmbH; Turris S.E.A. (Pte) Ltd (Singapore); Giulini Corporation (Bound Brook, NJ, USA)

Principal Bankers: Bayer. Vereinsbank; Bank fuer Gemeinwirtschaft; Landesbank Mainz



Principal Shareholders: BM Chemie, Ludwigshafen/Rhein, majority


GOLDSCHMIDT, TH, AG Goldschmidtstr 100, Postfach 101461, 4300 Essen 1 Tel: (0201) 173-01 Cable: Stannum

Telex: 857170 tg d Telefax: (0201) 224916

Supervisory Board: Prof Dr rer nat M Seefelder (Vorsitzender), Dr Ing Curt Edeling, Dr rer nat Erich Ruf, Kurt Budinger, Gunter Gefeller, Dr rer pol Alfred Lukac, Holger Wacker, W Dieker, R Peters, Dr jur U Cartellieri, Dr rer nat H Sulitze, Prof Dr rer nat G Wilke

Management Board: Dr rer nat G Rossmy (Vorsitzender), Dr rer nat Hans-Joachim Kollmeier, Dipl-Kfm H Rieber, Dipl-Ing Rolf Uhrmann

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products, organic and inorganic; plastics; also chemicals for the treatment of metals

Trade Names: Tegofan, Tego, Tego-Film, Tegocoll, Tegomag, Thermit, Tegoglas, Tegiloxan, Tegosipon, Polymekon, Silikophen, Silikoftal, Tegopren, Tegostab, Tegosioxin, Ortegol, Kosmos, Tegotrenn , Tegodor, amphisept, Tegoseptol, Tegoid, Glasin, Altego, Tego-diocto, Tegodont, Fekta, somplex, aciderm, Tegin, Teginacid, Protegin, Tegomuls, Axol, Datamuls, Lisat, Tagat, Lactil, Baum und Goldschmidt, Abil

Group Companies: (100% owned unless stated): Hansa Textilchemie GmbH; Tego Chemie Service GmbH; Dr Karnbach, Weinberger & Blume KG (55%); Goldschmidt France SA (France); NV Th Goldschmidt SA (Belgium); TEGO Italiana Sri (Italy); Th Goldschmidt AB (Sweden); Th Goldschmidt ApS (Denmark); Th Goldschmidt EPE (Greece); Th Goldschmidt GesmbH (Austria); Th Goldschmidt Ltd (UK); Th Goldschmidt NV (Netherlands); Th Goldschmidt SA (Spain); Goldschmidt Chemical Corp (USA); The Goldschmidt Industrias Quimicas Ltda (USA); TEGO Quimica SA (Venezuela); Th Goldschmidt Japan KK (Japan); TEGO Metall und Schrott GmbH; Burgdorfer Entzinnungswerk Mensching & Co KG; A/S Metalvrerk EI-Tin (Denmark); AIS Metalvrerk Stribia (Denmark); Elektrozinn AG (Switzerland); Estanol AG (Switzerland); Th Goldschmidt GmbH (Switzerland); Desestaiieria Goldschmidt del Caribe Inc (Puerto Rico); Elektro-Thermit GmbH, Essen; Elektro-Thermit GmbH, Berlin; Gefos Gesellschaft fUr Oberbau-Schweisstechnik mbH; P.C. Wagner Electrothermit-Schweissgesellschaft KG (Austria); Orgo-Thermit Inc (USA); Eletrothermit Argentina SRL (Argentina); Thermit do Brasil Industria e Comercio Ltda (67%) (Brazil); Thermit Australia Pty Ltd (Australia); Thermit Welding Ltd (50%) (UK); Kermachemie GmbH; Sari Beugin Industrie (France); OSKO Osterreichische Saurebau-und Korrosionsschutz GesmbH (Austria); Keramchemie Instalacoes Industriais Ltda (93%) (Brazil); Chemieschutz Gesellschaft fUr Saurebau mbH; Vereinigte KunststoffPumpen-GmbH (50%); ANCOBRAS Anticorrosivos do Brasil Ltda (50%) (Brazil); KERGOLD Versicherungs-Vermittlungs GmbH; Goldschmidt Capital Corp (USA)

92


Group sales turnover Sales turnover' Profit after tax' Retained profit" Dividends per share' Share capital' 'The Goldschmidt AG

31 .12.86 DM'OOO

1,014,300 505,900

16,600 11 ,600

9.50DM 65 ,000

31 .12.87 DM'OOO 977,800 490,200

18,900 12,900

10.00DM 65,000

No of Employees: 1,844 Parent Company, 5,018 Group

GRILLO-WERKE AG Weseler Strasse 1, 0-4100 Duisburg 11 Tel: (0203) 55571 Telex: 8551526 gllo d Telefax: (0203) 5557440

Supervisory Board: Dr-Ing Uwe Klimant (Vorsitzender) Management Board: Dr Gernot Hanig, Dr Uwe Klumb Senior Executives: Ernst Schroiff, Betr-Dir Klaus Driemel ,

Eduard Wentges, R A Jan Dirk Hohfeld, Heinz Hollenberg, Gunter Janez, Abt-Dir Willi Schunke, Herbert Zielke, Josef Bauer, Horst Brors, Dietmar Bohler

PRINCIPAL ACTIVITIES: Manufacture of chemicals, coatings and varnishes

Principal Bankers: LZB; Deutsche Bank; Commerzbank; Dresdner Bank; Stadtsparkasse Duisburg-Hamborn


Sales turnover


GUANO-WERKE AG Spitalerstr. 10, 0-2000 Castrop-Rauxel Tel: (040) 30151 Cable: Guanowerke Telex: 02161232 gwhd; 02161784 gwh d

DM'OOO 226,500

Management Board: Dietrich Feit, Dr Hans Jorg Henne, Dr Wilhelm Rittinger

PRINCIPAL ACTIVITIES: Production of and trade in complex fertilizers and silicofluorides and other chemicals

Trade Names: 'EN PE KA' Complex Fertilizers, Ammoniumsulpahte, Ammonium-phosphate, Triple-superphosphate, Silicofluorides, 'Maisfertil', Magnaphoscal

Parent Company: Wintershall AG Principal Bankers: Deutsche Bank AG Financial Information:

Sales turnover


HAARMANN & REIMER GMBH Rumohrtalstr 1, Postfach 1253, 3450 Holzminden Tel: (05531) 7011 Telex: 0965330 Telefax: 3/a 05531-701649

DM'OOO 160,000

Supervisory Board: Dr Hermann Wunderlich (Chairman), Manfred Pfleger, Karl-Heinz Huchthausen

Management: Dr Claus Skopalik (Chief Executive Officer, Speaker), Hans Hartmann (Chief Executive Officer)

PRINCIPAL ACTIVITIES: Flavours, fragrances, natural and synthetic aroma chemicals, essential oils, extracts from natural products, fruit juice concentrates, fruit powder, seasonings, fragrance bases and specialities

Parent Company: Bayer AG (100%) Subsidiary Companies: H&R Ges.m.b.H. (Austria); H&R S.A.R.L.

(France); H&R Ltd. (UK); H&R S.R.L. (Italy); H&R S.A.E. (Spain); H&R (Switzerland) GmbH (Switzerland); H&R Corporation (USA)

Principal Bankers: Commerzbank AG; Deutsche Bank AG; Dresdner Bank AG


Group sales Company sales Profit before tax Profit after tax Retained profit Dividends Dividends per share Share capital" Shareholders funds "Haarman & Reimer GmbH


31.12.86 DM'OOO 580,000 381,000

45,000 17,000 17,000 10,000

20% 50,000

12B,OOO

HAL TERMANN INTERNATIONAL GMBH Ferdinandstr. 55-57, 0-2000 Hamburg 1 Tel: (040) 3338-01 Cable: Benzolat Teletex: 402108 JHH Telefax: (040) 33 38-214

Supervisory Board: Hermann Haltermann

31 .12.87 DM'OOO 577,000 382,000

53,000 23,000 23,000 12,000

24% 50,000

141 ,000

Management Board: Dr Hans-Georg Barth, Herbert E Hartmann, Dr Jurgen K Kohnke

Senior Executives: Horst Betz, Dipl.-Ing. Jakob Egeland, Gernot Schultz, Dieter Tetzen, Helmuth Schulze-Trautmann, Or Peter Metge

PRINCIPAL ACTIVITIES: Production of aliphatic and aromatic solvents, pure hydrocarbons, special boiling point spirits, printing ink solvents, reference fuels ASTM, naphthalene; custom processing of liquid solvents and chemical intermediates; environmental chemistry; recycling of solvents; storage of petroleum products and liquid chemicals

Trade Names: PKWF, Printosol, Diantol, Halpasol, Halpanal, Tulopan

Subsidiary Companies: Johann Haltermann NV (Belgium); Johann Haltermann Ltd (USA); Johann Haltermann A/S (Denmark); Johann Haltermann AB (Sweden) Halterman GmbH; Halterman Werk Speyer GmbH; Johann Haltermann (GmbH & Co); Haltermann Finanz AG (Switzerland); Haltermann AG (Switzerland)

Principal Bankers: Commerzbank, Deutsche Bank, Joh. Berenberg, Gossler & Co


Sales turnover

1987 DM'OOO 300,000

Principal Shareholders: Haltermann Family (100%) No of Employees: 380

HANIEL, FRANZ, & CIE GMBH Franz-Haniel-Platz 1, Postfach 13 04 20, 4100 Duisburg 13 Tel: +49 203 806-0 Cable: Haniel Duisburg-Ruhort Telex: 855892 Telefax: 203 806 204

Supervisory Board: Klaus Haniel (Honorary Chairman), Thuisko v Metzsch (Chairman), Heinz Behrendt (Deputy Chairman), Friedheim Franz, Dieter Gi:ittel, Peter Groos, Jan von Haeften, Rudolf von Haniel, Gerd Herzberg, Jurgen Libbert, Karl-Heinz Peil, Johann Diedrich Watjen, Robert Wirtz

Managing Board: Or Hans Georg Willers (Chairman), Dr Ernst Alers, Or Hans Dieter Neumann, Dr Dieter Schadt, Horst Giegel (Deputy)

Executive Officers: R A Norbert Goergen, Gunther Hulse, Dr Walter Kircher, Dr Theo Siegert

PRINCIPAL ACTIVITIES: Manufacturing and trading of building materials; inland Shipping; freight forwarding, ocean, air and surface transportation, distribution; environmental protection;

93

GERMANY washroom service and supplies; trading, recycling and processing of raw materials for the high-grade steel industry; wholesale of pharmaceuticals, mailorder house for plant and office equipment and supplies and promotional gifts, international trading; linershipping; wholesale and retail of food; express delivery service

Subsidiary Companies: Haniel Baustoffwerke GmbH; Haniel Reederei GmbH; Haniel Spedition GmbH; Haniel Umweltschutz GmbH; CWS AG (Switzerland); ELG Haniel GmbH; GEHE AG; Oldenburg-Portugiesische DampfschiffsRhederei GmbH; Scrivner Inc (USA); trans-o-flex SchnellLieferdienst GmbH; Haniel Corporation (USA)

Financial Information: Consolidated data 1986 1987

DM'OOO OM'OOO Group turnover 10,417,028 10,366,959 Profit before tax 152,364 16B,077 Profit after tax 74,768 83,121 Dividends 18,000 20,000 Share capital 200,000 200,000 Shareholders equity 898,760 936,579

No of Employees: 18,704 (Converted to full-time equivalent employees)

HARMSTORF AG Batteriestrasse 52, Postfach 1551, 0-2390 Flensburg Tel: (0461) 485-0 Telex: 22824

Supervisory Board: Alnwick F Harmstorf (Chairman) Management Board: Bernd Kosegarten (Chairman), Dr Gerhard

Hederer, Thomas Munzer

PRINCIPAL ACTIVITIES: Shipbuilding, shipping, in diversification: manufacturing of processing plants, woodworking maChinery, paints, coatings etc

Subsidiary Companies: (100% owned): Harmstorf-Werften GmbH; Flensburger Schiffsbau Geselleschaft mbH; Schlichting-Werft GmbH; Busmer-Werft GmbH; Flensburger Treuhand Gesellschaft mbH; Harmstorf Consulting and Engineering GmbH; AF Harmstorf & Co GmbH; Holnis Reederei GmbH; Hakolb Anlagenbau GmbH; Flensburger Fahrzeugbau-Gesellschaft mbH


Total turnover


HENKEL KGAA Henkelstrasse 67, 4000 Dusseldorf 1 Tel: (0211) 7971 Telex: 858170

DM'OOO 470,000

Supervisory Board: Dr Dr h c K Henkel (Chairman), G Neuen (Deputy Chairman), Dr U Cartellieri, U Fairchild, Prof Dr M M Forell , W Gerdes, W Glassner, H Mehnert, Prof Dr H Mrozek, M Pape, Dr L von Planta, Dr W Roller, K Sauthoff, H Vonderhagen, J Walter, 0 Wendelstadt

Management Board: Dr Dr H Sihler, Dr H-O Wieschermann, Dr o Ambros, Prof Dr J Falbe, Dr 0 Schlemmer, Dr R Dohr, Dr U Specht, Dr H-D Winkhaus

PRINCIPAL ACTIVITIES: Manufacture of chemicals and detergents

Subsidiary Companies: Chemische Fabrik Grunau GmbH; Matthes & Weber GmbH; Henkel Belgium SA; Henkel France SA; Societe des Produits Chimique du Sidobre-Sinnova SA (France); Henkel Italiania SpA (Italy); Henkel Sud SpA (Italy); Henkel Chimica SpA (Italy); Henkel Nederland BV (Netherlands); Henkel Austria GesmbH; Henkel & Cie AG (Switzerland); Henkel Iberica SA (Spain); Turyag AS (Turkey); Henkel SA Industrias Quimicas (Brazil); Henkel Hakusi Corp (Japan); Quimica Henkel SA de CV (Mexico); Henkel Mexicana SA de CV (Mexico); Henkel Comercial SA de CV (Mexico); Henkel of America Inc


Sales Profit after tax Dividend Share capital


HOECHST AG

31.12.86 DM'OOO

8,715,570 226,100 36,000

575,000

Postfach 80 03 20, 6230 Frankfurt/Main 80 Tel: (069) 3050 Cable: Hoechst ag Frankfurtmain Telex: 41234-0 ho d Telefax: (069) 302 852; (069) 359 361

31.12.87 DM'OOO

9,255,915 292,000 40,000

575,000

Supervisory Board: Prof. Dr. rer. nat. Dr. h.C. mult. Rolf Sammet (Chairman), Rolf Brand (Deputy Chairman), Georg Badeck, Oswald Bommel, Erhard Bouillon , Dr.-Ing E.h. Werner H Dieter, Willi Esser, Dietrich-Kurt Frowein, Dr. jur. Dr. h.c. mult. Kurt Furgler, Dr. jur. Robertus Hazelhoff, Georg Heinz, Dr. iur. h.c. Horst K Jannott, Hermann-Heinz Konrad, Volker Kraushaar, Prof. Dr. rer. nat. Hubert Markl, Abdul Baqi AI-Nouri, Peter-Michael Preusker, Dr. rer. pol. Wolfgang Roller, Egon Schafer, Konrad Starnecker

Management Board: Prof. Dr. rer. nat. Wolfgang Hilger (Chairman), Dr. rer. pol. Gunter Metz (Deputy Chairman), Dipl.-Volkswirt Jurgen Dormann, Dr. jur. Martin Fruhauf, Prof. Dr. rer. nat. Hansgeorg GareiS, Prof. Dr. rer. nat. Dr.-Ing E.h. Heinz Harnisch, Dr. rer. nat. Karl Holoubek, Dr. rer. nat. Hans Georg Janson, Prof. Uwe Jens Thomsen. Deputies: Dipl.-Kfm. Justus Mische, Dr.-Ing. Ernst Schadow, Dr. rer. nat. KarlGerhard Seifert

Senior Executives: Dipl.-Ing. Walter Bertsch (Engineering Department II), Dr. rer. oec. Max Rudolf Buchmann (Knapsack Works), Richard M Clarke (Hoechst Celanese Corp), Dieter Cron (Plastics and Waxes Divisional Sales), Dr. rer. nat. Alexander Dahmen (Fibres and Fibre Intermediates Division), Dipl.-Kfm. Franz J Drenkard (Accounts), Dipl.Volksw. Karl G Engels (Fibres and Fibre Intermediates Divisional Sales), Hans-Ulrich Fintelmann (Procurement), Dr. rer. nat. Werner Frank (Surfactants and Auxiliaries Division), Hans Friedel (Surfactants and Auxiliaries Divisional Marketing), Dr. rer. nat. Ernst Gunter Fuchs (Fine Chemicals and Colour Division), Dr rer. nat. Werner Gebhardt (Kalle Works), Dr. jur. Richard Gehrunger (Personnel/Staff Welfare, Hoechst Works), Dr. jur. Friedrich W Gerdes (Paints and Synthetic Resins Divisional Sales), Dr. rer. nat. Helmut Gruber (Gendorf Works), Dr. rer. nat. Hanns-Joachim Grunewald (Paints and Synthetic Resins Division), Horst Kaiser (Technical Information Systems Divisional Sales), Prof. Dr. phil. Gerhard Korger (Pharmaceuticals Division Production), Dipl.-Ing. Gottfried Kremer (Plastics and Waxes Division), Dieter Laengenfelder (Pharmaceuticals Division), Dr. jur. Jurgen Lehmann (General Legal Matters), Prof. Dr.-Ing. Gunter Lipphardt (Engineering Department III), Lutz A W Mann (International Relations), Dieter Poetzsch (Chemicals Divisional Sales), Dr. agr. Gerhard Prante (Agriculture Division), Alfred X Rad (Plastic Film Divisional Sales), Dr. phil. nat. Kurt Reiss (Technical Information Systems Division), Dr. jur. Hans-Peter Reuter (Taxes), Dr. rer. pol. Werner Schuhmann (Plastic Film Division), Dr.-Ing. Ernst Sommer (Central Engineering Coordination Department), Dipl.-Volksw. Herbert Steinjan (Agriculture Divisional Sales), Fritz Albert Straub (Pharmaceuticals Divisional Sales), Dr. rer. nat. Jurgen Thimm (Fibres and Fibre Intermediates Divisional Research and Development), Dr. rer. nat. Karlheinz Trobisch (Environment), Dipl.-Kfm. Richard C Weigmann (Finance Division), Dominik von Winterfeldt (Corporate Public Relations)

PRINCIPAL ACTIVITIES: Business areas: Chemicals and colour (Chemicals, fine chemicals and colour, surfactants and auxiliaries); Fibres and plastiC film (Fibres and fibre intermediates, plastic film); Polymers (Plastics and waxes,

94

paints and synthetic resins); Health (Pharmaceuticals, cosmetics); Engineering and technology (Technical information systems; Industrial gases, welding technology, plant engineering, engineering ceramics); Agriculture

Trade Names: Trevira, Dolan, Hostalen, Hostaform, Hostaflon, Mowilith, Dolanit, Frigen, Complesal, illoxan, Arelon, Basta, Decis, Furore, Whip, Genantin, Ozalid, Ozasol, Ozatec, Ozadisc, infotec, Lasix, Claforan, Trental, Arelix etc

Subsidiary Companies: Federal Republic of Germany: Behringwerke AG; Cassella AG; Herberts GmbH; Hoechst CeramTec AG; Jade Cosmetic GmbH; Marbert GmbH; Messer Griesheim GmbH; Riedel-de Haen; Ruhrchemie AG; Spinnstofffabrik Zehlendorf AG; Ticona Polymerwerke GmbH; Uhde GmbH. Austria: Hoechst Austria AG. Belgium: Hoechst Belgium SA. Denmark: Hoechst Danmark A/S. France: Roussel Uclaf group; Societe Franc;:aise Hoechst SA. Greece: Hoechst Hellas AG. Italy: Hoechst Italia SpA. Netherlands: Hoechst Holland group. Portugal: Hoechst Portuguesa SARL. Spain: Hoechst Iberica group; Tarragona Quimica SA. Sweden: Svenska Hoechst AB. Turkey: Turk Hoechst AS. UK: Hoechst UK Ltd. Argentina: Quimica Hoechst SA. Brazil Hoechst do Brasil SA. Canada: Hoechst Canada Inc. Mexico: Quimica Hoechst de Mexico SA. USA: Hoechst Celanese group. Australia: Hoechst Australia group. Egypt: Hoechst Orient SA. Japan: Hoechst Japan Ltd. South Africa: Hoechst South Africa group. Associated companies: SIGRI GmbH; Wacker-Chemie GmbH

Principal Bankers: Dresdner Bank AG; Commerzbank AG: Deutsche Bank AG; Hessische Landesbank-Girozentrale; Landeszentralbank in Hessen

Financial Information: Hoechst Group

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share after tax Share capital Shareholders funds (1) plus anniversary bonus

DM56miliion (2) plus anniversary bonus

DM1 .00

31.12.86 DM'OOO

33,231,000 2,814,000 1,317,000

712,000 605,000

10.00DM 22.16DM

2,744,000 11,216,000

31.12.87 DM'OOO

36,956,000 3,108,000 1,528,000

869,000 603,000(1)

10.00DM(2) 24.63DM

2,797,000 9,779,000

Principal Shareholder: Kuwait Petroleum Corporation (less than 25%)

No of Employees: Worldwide 167,781

HOFFMANN LA ROCHE AG Emil-Barell-Str 1, D-7889 Grenzach-Wyhlen Tel: (07624) 141 Cable: Roche Grenzach Telex: 773174

Executive Board: Dr K W Dietrich (Chairman), Dr C Bally, Dr A Futterknecht, Dr H Bauer

PRINCIPAL ACTIVITIES: Manufacture and sale of pharmaceuticals, fine chemicals, vitamins and cosmetics

Parent Company: Hoffmann La Roche AG, Switzerland Subsidiary Companies: Panteen GmbH Financial Information:

Sales turnover


HULS AKTIENGESELLSCHAFT

DM'OOO 740,000

Paul-Baumann-Strasse 1, PO Box 1320, 0-4370 Marl 1 Tel: (02365) 49 26 22/49 27 53 Cable: Huelswerk Marl 1 Telex: 829211-0 hs d Telefax: a (02365) 49-2000

Supervisory Board: Rudolf v. Bennigsen-Foerder (Chairman, Dusseldorf), Peter Purwien (Vice-Chairman, Dusseldorf), Dr. rer. pol. Heinz Ache (Dusseldorf), Dr. Johannes Georg Bednorz (Ruschlikon/Switzerland), Ralf Blauth (Marl, Elected by the Employees), Karl-Heinz Doludda (Bonn, Elected by the Employees), Prof. Dr.-Ing. Ernst Fuhrmann (Vienna, Austria), Dr.jur. Werner Funke (Dusseldorf), Werner Herzog (Dorsten, Elected by the Employees), Prof. Dr. Wolfgang Hilger (Frankfurt), Dr. jur. Kurt Hochheuser (Dusseldorf), Werner Nuss (Rheinfelden, Elected by the Employees), Erich Krenz (Haltern, Elected by the Employees), Klaus Pawlak (Marl, Elected by the Employees), Dipl.-Kfm. Klaus Piltz (Dusseldorf), Gunther Placzek (Bottrop, Elected by the Employees), Dr. rer. pol Manfred Schuler (Frankfurt/M), Guido Tollkamp (Marl, Elected by the Employees), Dr. Peter Weber (Marl, Elected by the Employees), Prof. Dr.rer.nat.Dr.h.c. mult. Guenther Wilke (Muelheim/Ruhr)

Management Board: Prof. Dr.rer.nat. Carl Heinrich Krauch (Chairman, Marl), Dr. rer. nat. Horst Brinkmann (Haltern), Dr.rer.pol. Hermann Hinzen (Essen), Dipl.-Ing. Guenter Kammholz (Gelsenkirchen-Buer), Dr.jur. Gunther Raatz (Gladbeck), Manfred Roh (Marl), Dr. rer.nat. Heinrich Teitge (Marl)

PRINCIPAL ACTIVITIES: Basic chemicals, organiC chemicals, thermoplastics, elastomers and coatings, utilities

Trade Names: Driveron; Drivosol; Driverit; Marlican; Marlon; Marlophen; Marlipal; Marlowet; Vestinol; Marlotherm; lIexan; Drivanil; Driverol; Vestolit; Vestiform; Vestyron; Vestypor; Vestolen A; Vestolen P; Vestolen EM; Vestoplast; Vestowax; Litex; Lipolan; Bunatex; Vestopal; Vesturit; Vestamid; Vestodur; Vilit; Vestamelt; Bunatex VP; Duranit; Vestenamer; Buna EM; Buna SL; Buna Vi; Buna AP; Vestopren; Polyoil

Parent Company: VEBA AG, Dusseldorf Subsidiary Companies (100% owned unless stated): Bunawerke

Hiils GmbH (50%); R6hm GmbH Chemische Fabrik (43.3%); GAF-Hiils Chemie GmbH (50%); Phenolchemie GmbH (50%); Deutsche Hefewerke GmbH; Katalysatorenwerke Hiils GmbH; Kunststoffwerk Hahn GmbH (99%); Faserwerk Bottrop GmbH (99%); Salzgewinnungsgesellschaft Westfalen mbH (25%); Aethylen-Rohrleitungs-Gesellschaft mbh & Co. KG (16.7%); Westgas GmbH (50%); Gemeinnuetziges Wohnungsunternehmen Hiils GmbH (98%); Hulsbau GmbH; Vestischer Vermittlungsdienst fUr Versicherungen GmbH; Huls Chemie Forschungs GmbH; Verwaltungsges Hiils GmbH; SERVO DELDEN B.V. (Netherlands); Svenska Polystyren Fabriken AB (Sweden); Buna France S.A.R.L. (99.8%) (France); Daicel-Huls Ltd (50%) (Japan); Huls do Brasil Ltd (Brazil); Hiilsbrasil-Resinas Vinilicas Ltda (33.33%) (Brazil); Hiils-Chemie AG (Switzerland); Huls (U.K.) Ltd (UK); NY Huls Belgien SA (Belgium); Hiils Nederland B.V. (Netherlands); Huls Austria GmbH (Austria); Huls Italia S.p.A. (66.7%) (Italy); Huls France SA (83.3%) (France); Hlils Danmark AlS (Denmark); Huls Sverige AB (Sweden); Huls Norge A/S (80%) (Norway); VEBA-Huls Development Corp. (USA); Huls Espanola SA (99.9%) (Spain); Huls Far East Co Ltd (Hong Kong); Huls Japan Ltd (Japan); Huls America Inc (USA)

Principal Bankers: Landeszentralbank; Deutsche Bank AG; Dresdner Bank AG; Commerzbank AG; Westd. Landesbank; Girozentrale; Postscheck Essen


Group sales turnover Company sales turnover Net surplus' Share capital Shareholders funds 'before profit transfer

31.12.86 DM'OOO

5,477,200 4,464,400

199,700 480,000

1,273,600

Principal Shareholders: VEBA AG (99.5%) No of Employees: 15,516 Company

J H BENECKE GMBH See BENECKE, J H, GMBH

31.12.87 DM'OOO

5,508,200 4,514,900

210,300 480,000

1,399,100

95

GERMANY JOH A BENCKISER GMBH See BENCKISER, JOH A, GMBH

KALI UNO SALZ AG Friedrich-Ebert-Strasse 160, 0-3500 Kassel Tel: (0561 )301-0 Cable: Kalisalz Kassel Telex: 99632-0 wuk d Teletex: 561898=wuk; Telefax: (0561) 301-702

Supervisory Board: Dr Hans Detzer (Vorsitzender), Heinz-Werner Meyer (stellv Vorsitzender), Heinrich Hartwig, Gerhard Kienbaum, Dr Dietmar Kunze, Dr. Dr. Hans-Joachim Leuschner, Wolfgang Oppermann, Prof Wolfgang Ritter, Dr Ronaldo Schmitz, Fred Schuenemann, Dr. Karl-Heinz Tillmann, Erich Wolf

Board of Executive Directors: Dr Otto Walterspiel (Vorsitzender), Dr Willi Heim, Dr Volker Schafer, Prof Dr Arno Singewald, Ralf Zimmermann v.Siefart

PRINCIPAL ACTIVITIES: Mining, purchasing and sale of mineral salts

Parent Company: BASF AG, Ludwigshafen (Rhein) Subsidiary Companies: (100% owned unless stated): Germany:

Chemische Fabrik Kalk GmbH; MSW-CHEMIE GmbH (37.5%); Deutscher Strassen-Dienst GmbH; Hyperphos-Kali Dungemittel GmbH (50%); Kali-Transport Gesellschaft mbH; Montangesellschaft mbH; SAWIKO Salzvertriebsgesellschaft mbH; UNION Schiffarts-und Lagerhaus-Gesellschaft mbH (25%); Deutsches Kalisyndikat GmbH (83.4%); Kali und Salz Consulting GmbH; Kali-Union Verwaltungsgesellschaft mbH; Wohnbau Salzdetfurth GmbH. Abroad: Potash Company of Canada Ltd (50%) (Canada); Denison-Potacan Potash Company (DPPC) (20%) (Canada)

Principal Bankers: Kali-Bank GmbH Financial Information:

Sales turnover (Loss) before tax (Loss) after tax Retained (loss) Cash flow per share Share capital

31.12.86 DM'OOO

1,413,348 (30,835) (25,235) (25,208)

300M 250,000

Principal Shareholders: BASF AG (75.5%) No of Employees: 8,200

KALI-CHEMIE AG Hans-Boeckler-Allee 20, 3000 Hannover Tel: (0511) 8571 Cable: Kalichemie Telex: 922755 kc d Telefax: (0511) 28 21 26

31.12.87 DM'OOO

1,287,616 (46,703) (41,103) (66,311 )

120M 250,000

Supervisory Board: Hilmar Kopper (Chairman), Joseph Katlbeitzel (Deputy Chairman), Dr jur Harro Gurland, Dr rer nat Karl-Heinz Hellberg, Baron Daniel Janssen, Udo Pfleger, Albert Rampelberg, Lothar Rothenstein, Wolfgang Thelen, Jean-Jacques Van de Berg

Board of Management: Consul Cyril Van Lierde (Chairman), Dipl-Ing Heinz Blessmann, Dr med Herman Geuens, Consul Gunther Tilk, Dr rer nat Gunter Wehrmeyer

PRINCIPAL ACTIVITIES: Production of chemicals, catalysts, pharmaceuticals and bio products

Parent Company: Solvay & Cie, Brussels, Belgium Subsidiary/Associated Companies: (100% owned unless stated):

Artus Mineralquellen GmbH & Co KG; Peroxid-Chemie GmbH; Engelhard Kali-Chemie GmbH; Kali-Chemie Stauffer GmbH; Miles Kali-Chemie GmbH & Co KG; Kohlensaurewerk Deutschland GmbH; Deutsche Baryt-Industrie Dr Rudolf Alberti & Co; Kali-Chemie Pharma GmbH; Lyssia GmbH; Giulini Pharma GmbH; Lyssia-Pharma Handelsgesellschaft mbH; Gutec Gesellschaft zur Entwicklung von Umweltschutztechnologie mbH; Soltronic Chemikalien fur die

GERMANY Elektronik GmbH; Tonwerke Erpel Werner E Gabler GmbH; Societe Bario e Derivati SpA (Sabed) (Italy); Unione Chimica Medicamenti-DIFME SpA (Italy); Kali-Chemie Iberia SA (Spain); Kali-Farma SA (Spain); Nezel SA (Spain); Quimifar Lda (Portugal); Kali-Chemie Pharma GmbH (Austria); KaliDuphar Inc (USA); Barytine de Chaillac SA (France); Laboratoires de ThElrapeutique Moderne L TM SA (France); Syntha SA (France); Triosol SA (Belgium); Biogena A/S (Denmark); Danmark Protein A/S (50%) (Denmark); Vemedia BV (Netherlands): Solkatronic Chemicals Inc (USA): KaliDuphar KK (Japan); Daehan Speciality Chemicals Co Ltd (South Korea): Biolac GmbH; CGG Chemogas GmbH: Intermar BV (Netherlands)

Principal Bankers: Landeszentralbank in Niederscachsen; Deutsche Bank AG; Dresdner Bank AG: Commerzbank AG; Georg Hauck & Sohn

Financial Information: 31.12.86 31.12.87 DM'OOO DM'OOO

Group sales turnover 1,740,800 1,732,900 Sales turnover" 661,600 578,000 Profit before tax 71,600 87,900 Profit after tax 47,200 50,000 Retained profit 36,000 36,000 Dividends 36,000 36,000 Dividends per share 12.00DM 12.00DM Share capital 150,000 150,000 Shareholders equity 229,418 243,418 "Kali-Chemie AG

Principal Shareholders: Deutsche Solvay-Werke GmbH, Solingen


KATHREINER AG Gruber Str 60, Postfach 120, 0-8011 Poing/Munchen Tel: (08121) 8010 Telex: 0526862 Ober bhz Telefax: (08121) 8 01-364

Supervisory Board: Dr Gerhard Frank (Vorsitzender), Werner Schroll (Stellv Vorsitzender)

Management Board: Dr Rolf Sonne (Vorsitzender), Gunter Waschulzik

PRINCIPAL ACTIVITIES: Import and wholesale of a wide range of products including food stuffs, fuels, chemicals, paper goods, haberdashery and household goods

Subsidiary/Associated Companies: H L Krone GmbH; Heinr Eckel & Cie GmbH & Co; Disco Makt Warenvertrieb GmbH; KATR Supermarkte GmbH; C Th Lampe Konserven GmbH; C Th Lampe Konservenfabrik GmbH & Co


Sales turnover


KNOLL AG

DM'OOO 770,000

Postfach 210805, Knollstrasse, 0-6700 Ludwigshafen Tel: (0621 )589-0 Cable: Knoll Ludwigshafenrhein Telex: 464 823 kn d Telefax: (06 21) 589 2896

Supervisory Board: Dr. Ingo Paetzke (Neustadt/Weinstrasse, Vorsitzender), Roland Brendel (Neuhofen, stellv. Vorsitzender), Prof. Dr. Helmut Dorlel (Heidelberg), Wolfgang Duerkop (Bielefeld), Karlheinz MOhl (Minden), Dipl.-Kfm. Harald Grunert (Mannheim), Manfred Kaspar (Ludwigshafen), Dipl.-Volksw. Bernd Leibfried (Hannover), Dr. Ernst MOhling (Mannheim), Prof. Wolfgang Ritter (Frankenthal), Dr. Gerhard Schenk (Schwetzingen), Dr. Hans-JOrgen Sturm (GrOnstadt)

Management Board: Prof. Dr. rer. nat. Hans-JOrgen QuadbeckSeeger (Vorsitzender), Dipl.-Kfm. Eberhard Bayer, Dr. rer. pol.

96

Kurt P Rissel, Dr. phil. nat. Rudolf SchrOdel, Dr. rer. nat. Reinhard Steinmetz

PRINCIPAL ACTIVITIES: Manufacture and distribution of medicaments, pharmaceuticals

Trade Names: Drugs:- Anvitoff, Anvitoff 250 mg, Anvitoff 500 mg, Arwin, Clift, Dicodid, Dicodid 10 mg, Elthon, Granugen, Granugenol,Vaginal-Kapseln, Granugenol,Wundol, Iruxol, Isoptin, Isoptin mite (40 mg), Isoptin 80 mg, Isoptin 120 mg, Isoptin retard, Isoptin RR, Isoptin S, Normalip 250 N, Paracodin, Paracodin retard, Reptilase, Rytmonorm, Rytmonorm 10 mg, Rytmonorm 150 mg, Rytmonorm 300 mg, Stenoptin, Talusin 0,25 mg, Talusin 0,5 mg, Taluvian 0,25 mg, Taluvian 0,5 mg, Theo-Talusin 0,25 mg, Theo-Talusin 0,5 mg. Pharmaceutical Chemicals:- Aminosaurenkonzentrat, Cofiein, Coffein-Verbindungen, Diphenhydramin-Salze, Dopamin-HCI, Ephedrin, Ephedrin-Derivate, Ethaverin, Haemin, HydroxyzinHCI, Leberextrakt, Oxymetazolin-HCI, Pankreatin, Papaverin, Pholedrin, Propranolol-HCI, Proscillaridin, Pentetrazol, Orphenadrin-Citrat, Theophyllin, Theophyllin-Verbindungen, Theophyllin-Derivate, Tyramin-HCI, Troxerutin, XylometazolinHCI

Parent Company: BASF AG, Ludwigshafen West German Participations: Minden Pharma GmbH; Schiwa

GmbH; Nordmark Arzneimittel GmbH and 25 participations worldwide

Principal Bankers: Deutsche Bank, Ludwigshafen Financial Information:

1986 DM'OOO

Sales turnover worldwide 1,181,743 Sales turnover 568,887 Profit before tax 85,231 Profit after tax 44,956 Retained profit 67,279 Share capital 100,000 Shareholders funds 250,179

Principal Shareholders: BASF AG, Ludwigshafen

1987 DM'OOO

1,214,137 578,819 115,944 50,440

100,470 100,000 291,220

No of Employees: Knoll AG: 2,502; Knoll Worldwide: 6,570

KRONES AG Hermann Kronseder Maschinenfabrik Bohmerwaldstr 5, Postfach 1230, 8402 Neutraubling Tel: (09401) 700 Cable: Krones Neutraubling Telex: 65933; 65934; 65950 Telefax: (09401) 70488

Supervisory Board: Willy Lersch, Schwarzenfeld (Chairman), Dr. Johann Vielberth (Deputy Chairman), Rudolf Ederer, Dipl.-Ing. August GrOnecker, Dr Hans U Brauner, S 0 Alfred-Ernst Furst zu Lowenstein-Wertheim-Freudenberg, Raimund Laschet (Employee Representative), Erich Seidl, (Employee Representative), Josef Sattler (Employee Representative), Josef Schwarzfischer (Employee Representative), Dr Klaus Heimann (Employee Representative), Walter Mayer (Employee Representative)

Management Board: Hermann Kronseder (Chairman), Paul Hinterwimmer

Senior Executives: Joseph Sattler (Commercial Director)

PRINCIPAL ACTIVITIES: Labelling machines; bottle-inspection machines: drink mixing, bottle filling and crowning machines; washing machines, label adhesives; container conveying systems

Trade Names: KRONES Subsidiary Companies: (100% owned unless stated): neusped

Neutraublinger Speditions-GmbH; Stratec Elektronik GmbH; KIC Krones Intern. Cooperations-GmbH; OEM Inspektionstechnik GmbH (52%); Krones Maschinenfabrik Ges.m.b.H. (Austria); Krones Scan ApS (Denmark); SA Krones NV (Belgium); Krones Sari (France); Krones SrI. (Italy); Krones AG (Switzerland); Krones Iberica SA (Spain); Krones Goddard Ltd (UK); Krones, Inc. (USA); Krones Machinery Co Ltd

(Canada); Krones Mex SA de CV (49.5%) (Mexico); Krones Japan Company Ltd (75%) (Japan); Krones Seeger SA (90%) (Brazil); Krones Finance BV (Netherlands)

Principal Bankers: Commerzbank Financial Information:



KRONOS TITAN-GMBH

31.12.86 DM'OOO 247,549

14,980 6,962

17,737 3,960

8/10DM 1.43% 23,000 50,937

Postfach 100720, 0-5090 Leverkusen 1 Tel: (0214) 3560 Cable: Titan Leverkusen Telex: 8510823; 8510838 Te/efax: (0214) 356547

31.12.87 DM'OOO 297,443

16,428 8,002

21,630 3,960

8/10DM 2.45% 23,000 62,830

Supervisory Board: Jean-Pierre DeVleeschouwer Management: Hanns-Peter Linnemann (General Manager), Dr

Rolf Dieter Uihlein (Deputy Manager)

PRINCIPAL ACTIVITIES: Manufacture and sale of titanium dioxide, rheological additives, water treatment chemicals

Trade Names: Kronos, Bentone Parent Company: NL Industries Inc, New York, USA Principal Bankers: Deutsche Bank; Dresdner Bank; Chase

Manhattan Bank; Sal Oppenheim jr &Cie; Westdeutsche Landesbank


Sales turnover


KRUGER GMBH & CO KG Meisenweg 2, 0-5060 Bergisch Gladbach 2 Tel: (02202) 1050

DM'OOO 722,000


Sales turnover


KRUPP, FRIED., GMBH Altendorfer Str 103. Postfach 10. 4300 Essen 1 Tel: (0201) 188-1 Cable: Krupp Essen Telex: 0857385 fkes d Te/efax: (0201) 188-41 00

DM'OOO 250,000

Supervisory Board: Dr h.c. B Beitz (Chairman). E Breit (Deputy Chairman). Ebrahim Arabzadeh Djamali (Tehran). K-O Gobert, H Gronhoff. G Ippers, W Iserlohn. Dr-Ing. Manfred Lennings. Prof. Dr-Ing. Dr h.c. H Leussink, Prof. Dr G Lorenz, L Mernizka, Dr-Ing Mohamad-Mehdi Navab-Motlagh (Tehran), Prof. Dr-Ing. E.h. W Niefer. Dr rer. pol. Wolfgang RoUer, F Rutetzki, Dipl.-Ing. Dr-Ing. E.h. Franz J Spalthoff, H Stader, T Steegmann. H Wagendorf, H Zeretzke

Executive Board: Dr rer. pol. W Scheider (Chairman), Dr jur. Gerhard Cromme, Dr rer. pol. A Lukac, Dipl.-Ing. E.h. G Neipp, J Rossberg, Dr rer. pol. H J Schroder, Prof. Dr-Ing. K F Triebold

Senior Executives: Heads of Staff Departments at Group Headquarters: C Krutoff (Central Bureau), R Lommatzsch (Public Affairs), Dr. jur. H-M Ringleb (Legal Affairs), Dr. rer. pol. T Geer (Corporate Development), Dr. rer. pol. R S. Gluck

97

GERMANY (Controlling), Dipl.-Kfm. M Dickel (Auditing), K Diekmann (Accounting), K-H Gunther (Financing), B Jonas (Taxes), Dr. sc. pol. H W Busch (Personnel)

PRINCIPAL ACTIVITIES: Mechanical engineering, plant construction, electronics, steel, trading and services

Corporate Companies (100% owned unless otherwise stated); Mechanical Engineering:- Krupp Maschinentechnik GmbH: Krupp BeUaplast Maschinenbau GmbH (75%); Krupp Corpoplast Maschinenbau GmbH; Krupp Formaplast Maschinenbau GmbH; Krupp Kautex Maschinenbau GmbH; Krupp Iberica SA (Spain); Krupp Industries Ltd (UK); Krupp Rubber Machinery Inc (USA). Krupp MaK Maschinenbau GmbH: FWI Fahrzeuginstandsetzungswerk Ichendorf GmbH (51%); Krupp MaK Diesel Inc (Canada); Krupp MaK Scandinavia A/S (Denmark); MaK Mediterranee SARL (France); Krupp MaK (London) Ltd (UK); Maschinefabriek Bolier BV (44%) (Netherlands). Werner & Pfleiderer GmbH (50.1%): WP-Industriebeteiligungsgesellschaft mbH; Werner & Pfleiderer GmbH & Co; Werner & Pfleiderer Haton BV (Netherlands); Werner & Pfleiderer (UK) Ltd (UK); Werner & Pfleiderer AG (Austria); Werner & Pfleiderer Corporation (USA); Werner & Pfleiderer SPRL (Belgium); Werner & Pfleiderer France SARL; Oy Werner & Pfleiderer AB (Finland); Sherkate Sahami Khass Werner & Pfleiderer Iran (Tehran); Werner & Pfleiderer South Africa (Pty) Ltd (South Africa); Werner & Pfleiderer AB (Sweden); Werner & Pfleiderer Italia Sri (Italy); Werner & Pfleiderer do Brasil (Fornos) Ltda (Brazil); Werner & Pfleiderer Bakery Equipment Inc (USA). Krupp Widia GmbH: Widia Heinlein GmbH; Krupp Medizintechnik GmbH; Krupp Widia Corporation (USA); Dentex Research Development Inc (USA); ULTRA-MET Manufacturing Comp (USA); Krupp Widia Belgium SA (Belgium); Krupp Widia Iberica SA (Spain); Herko Vitoria SA (Spain); Krupp Widia Japan Ltd (Japan); Krupp Widia Nederland BV (Netherlands); Krupp Widia S E Asia (Pte) Ltd (Singapore); Krupp Widia SPA (Italy); Krupp Widia UK Ltd (UK); Krupp Widia Vertriebsges mbH (Austria); Meturit AG (Switzerland); Widia India Ltd (51%) (India); Krupp Widia France SA (99.9%) (France); Krupp Widia (Schweiz) AG (99.3%) (Switzerland); Laboratoires des Produits Dentaires Odoncia SA (France). Plantmaking:- Krupp Industrietechnik GmbH: Krupp Stahlbau Altbach GmbH; Krupp Stahlbau Hannover GmbH; Supratron F J Zucker GmbH; Krupp Stahlbau Berlin GmbH & Co KG; Stahlwerk Augustfehn GmbH; Krupp Technica Horizontal-Stranggiessanlagen GmbH; Siebenhaar Antriebstechnik GmbH; Krupp Stahltechnik GmbH (50%); Krupp Industries Ltd (Hong Kong); Krupp HeUas Industrial-Technical and Commercial SA (Greece); Krupp South Africa (Pty) Ltd (South Africa); Krupp Industries Inc (USA); Krupp (Australia) Pty Ltd (Australia); Krupp Canada Inc (Canada); Krupp Techniques Industrielles SA (France); Bobach GmbH (30%); ELA Elektroanlagen GmbH (25%); Rhein Biotech Gesellschaft fUr neue biotechnologische Prozesse und Produkte mbH (24.5%); Buckau-Wolf India Ltd (49.9%) (India); H B Estructuras Metalicas SA (26%) (Colombia). Krupp Koppers GmbH: Hartung, Kuhn & Co Maschinenfabrik GmbH; Krupp Wilputte Corp (USA); Koppers France SA (France); Nippon Koppers YK Tokyo (99.6%) (Japan). Krupp Polysius AG (82.5%): Polysius SA (Spain); Polysius Corp (USA); Polysius SA (France); Polysius Ltd (UK); Polysius Projetos Industriais Ltda (Brazil); Polysius (Pty) Ltd (South Africa); Meura Invest SA (Belgium); Nomon SA de CV (70%) (Mexico). Electronics:- Krupp Atlas Elektronik GmbH: Krupp Atlas Datensysteme GmbH; Melchert Elektronik GmbH (85%); Melchert Electronics Ltd (Eire); Suprenum-Ges. fur numerische Superrechner mbH (54%); C Plath GmbHNautisch-Elektronische Technik (51%); Krupp Atlas Elektronik Norge A/S (Norway); Fried. Krupp Japan Y K (Japan); Krupp Atlas Elektronik UK Ltd (UK). Steel:- Krupp Stahl AG (70.4%): Krupp Stahl Vertriebsgesellschaft mbH; Krupp Stahl Kaltform GmbH; Krupp Hiittenwerke Wohnungsbau gGmbH; Hohenlimburger Kleinbahn GmbH; FORTUNAStahlexportgeseUschaft mbH; Krupp Bruninghaus GmbH (98%); Gerlach-Werke GmbH (58.2%); Krupp Pulvermetall

GERMANY GmbH (51%); Krupp Stahltechnik GmbH (50%); Hansa Rohstoffe GmbH, Dusseldorf (49%); Krupp Stal Danmark ApS (Denmark); Aciers Krupp SARL (France); SRL Aciers Krupp Staal BVBA (Belgium); Krupp Steel Co Ltd (UK); Krupp Edelstahl Vertriebsges. mbH (Austria); Acciai Krupp SRL (Italy); Krupp Stal AB (Sweden); Mure SA (Spain); Mavilor SA (99.9%) (France); Schmiedewerke Krupp-Kleckner GmbH (50%); Hellweg Liegenschaften GmbH & Co KG (50%); "Constantin" Liegenschaften GmbH & Co KG (50%); VACMETAL Gesellschaft fUr Vakuum-Metallurgie mbH (50%); P W Lenzen GmbH & Co KG (33.3%); Metall-Spezialrohr GmbH (50%); Rohstoffhandel GmbH (20%); Aceros Fortuna SA de CV (49%) (Mexico); Smitfort Staal BV (40%) (Netherlands); Grupo Solar SA de CV (25.1%) (Mexico); Ertsoverslagbedrijf Europoort CV (20%) (Netherlands). Trading:- Krupp Lonrho GmbH: Krupp Grafische Betriebe GmbH; Krupp Handel Metall und Rohr GmbH; Panopa Verkehrs-Gesellschaft mbH; Hansa Rohstoffe GmbH (51%); Krupp Energiehandel GmbH (51%); Stefan Keith GmbH; Helene-Amalie Kohlenhandelsgesellschaft mbH; Huck Brennstoffe GmbH; Oberhausener Kohlen- und Eisenhandelsgesellschaft mbH; Blumenfeld Brennstoffe GmbH (51%); Isar Mineralelhandel GmbH (50%); Transatlantic Bulk Carriers Inc (Liberia); Krupp-Steag Strahlmittel GmbH (50%); Neska Schiffahrts- und Speditionskontor GmbH (50%); WK Wiirmetechnik Kundendienst GmbH (50%); Aceros Fortuna SA (43.7%) (Argentina); Krupp Steel & Eng Ltd (40%) (Nigeria); Leong Jin Corp (26%) (Singapore). Other Member Companies:-Buckau-Walther AG (93.9%): Total Walther Feuerschutz GmbH; Metz Feuerwehrgeriite GmbH; Cosmos Feuerleschgeriitebau GmbH; Interbrandschutz GmbH; Helmut Geissler Glasinstrumente GmbH (95%); Aug. Hoenig GmbH; Total Walther SA (Spain); Total Walther Feuerschutz AG (Switzerland); Walther Incendie SARL (France); Total Walther Feuerschutz Ges.mbH (95.3%) (Austria); Total Mexicana SA (93%) (Mexico); Walther Brandbeveiliging BV (Netherlands); Robert Reichling & Comp GmbH. Krupp Metalurgica Campo Limpo Ltda (59.8%) (Brazil); Westdeutsches AssekuranzKontor GmbH; Krupp WOhnungsbau gGmbH (99.9%); Krupp Pulvermetall GmbH; GST Gesellschaft fUr Systemtechnik mbH; Krupp Iran GmbH (Tehran); Krupp Steel Products Inc (USA); Fried. Krupp Finance BV (Netherlands); Iran Krupp Investment AG (50%) (Switzerland)


Group sales turnover Profit after tax Retained profit' Share capital Shareholders funds

'Fried Krupp GmbH

31.12.86

DM'OOO 15,846,805

126,228 40,000

700,000 2,041,496

31.12.87

OM'OOO 14,105,496

41,773 10,000

700,000 1,967,170

Principal Shareholders: Public benefit foundation "AI fried Krupp von Bohlen und Halbach-Stiftung" (74.99%); Islamische Republik Iran (25.01%)


KRUPP HANDEL GMBH Karl-Arnold-Platz 3, PO Box 49 09, 0-4000 Dusseldorf 1

Tel: 02 11/45 76-0

Cable: krupphandel dusseldorf Telex: 85834-0 ksd

Telefax: 02 11/45 76-307

Supervisory Board: Dr Wilhelm Scheider (Chairman) Executive Board: Henner Geldmacher (Chairman), Dr Hinrich

Strecker (Vice Chairman), Dr Johann Brinkmann, Rolf Fundgens, Wolfgang Landtau, Harald Meyer

PRINCIPAL ACTIVITIES: Plant contracting, export of rolled steel products, trading in domestic appliances, industrial supplies, contractors' equipment, solid and liquid fuels, international coal trading, international waterway shipping, marine

98

transport, import and export of raw materials, forwarding and travel agents

Parent Company: Fried. Krupp GmbH, Essen Subsidiary Companies: Hansa Rohstoffe GmbH; Krupp Handel

Haustechnik GmbH; Krupp Handel Metall-und Rohr Gmbh; Panopa Verkehrs-GmbH; Krupp Energiehandel GmbH; WK Warmetechnik Kundendienst GmbH

Principal Bankers: All major German banks Financial Information:


4,500,000

Principal Shareholders: Fried. Krupp GmbH, Essen No of Employees: 2,000

KRUPP KOPPERS GMBH Postfach 102251, Altendorfer Strasse 120, 0-4300 Essen 1 Tel: (0201) 828-01 Cable: Kruppkoppers Telex: 0857817 kkes; Teletex: 2627-201452 KKE sn 0 Telefax: (0201) 828-2566

Supervisory Board: Dr rer. pol. Harald J SchrOder (Chairman), Dipl.-Ing. (FH) Gerhard Neipp, Dipl.-Volksw. Helmut Metzger, Dipl.-Ing. Heinz Petry, Alfred Dilger, Bruno Fischer

Management Board: Dr rer. nat. Karl L Schmid (Chairman), Dipl.-Volkswirt Klaus Ternirsen, Oipl.-Ing. Richard Wenderoth

Senior Executives: Gunter Gleumann (Manager, Sales Division), Hermann Strothe (Manager Procurement Division)

PRINCIPAL ACTIVITIES: Engineers and contractors for the construction of industrial plants in the fields of coke and ore; coal and gas; refineries, petrochemicals, chemicals and environmental protection, flue gas desulphurization

Parent Company: Fried. Krupp GmbH, Essen Subsidiary Companies: Koppers France SA (France); Koppers

Espanola SA (Spain); Krupp Wilputte Corporation (USA); Nippon Koppers Yugen Kaisha (Japan); GKT Gesellschaft fUr Kohletechnologie mbH; HKC Hartung Kuhn & Co Maschinenfabrik GmbH, Essen

Principal Bankers: Bank fUr Gemeinwirtschaft AG; Commerzbank AG; Deutsche Bank AG; Dresdner Bank AG; Landeszentralbank; Westdeutsche Landesbank


Average sales turnover Share capital

DM'OOO 200,000

10,000

Principal Shareholders: Fried. Krupp GmbH, Essen No of Employees: 900

KRUPP POL YSIUS AG Graf-Galen-Str 17, Postfach 2340, 4720 Beckum-Neubeckum Tel: (02525) 711 Cable: Polys ius Beckum Telex: 89481-0 polbk d

Supervisory Board: Dr Wilhelm Scheider (Chairman), Dr Alfred Lukac (Deputy Chairman), Rolf Diel, Bernhard Busch, Theodor Frielinghaus, Hans-Joachim Scharfenberg

Management Board: Dipl-Ing Tyark Allers (Chairman), Dipl-Kfm Wolfgang Reeder, Or-Ing Paul Weber, Dr rer nat pol Horst Ritzmann, Dipl-Volksw Klaus Ternirsen

Senior Executives: M Durr, W Goldmann, 0 Haberhauer, K Hamelau, E Lankes, G Kehler, G Lohmann, E Pichler, W Ranze, H Schlichtherle, E W Schneider, H Schubert, G Schultz, G Schwebel, Dr M W v Seebach, K Templin, P Tiggesbaumker, K Wagner, Dr F Dierkes

PRINCIPAL ACTIVITIES: The engineering and construction of:Complete plant and machinery for the cement industry. Complete plant and machinery for the lime, gypsum, refractories, metallurgical and chemical industries. Complete plant and machinery for mineral dressing. Electrical equipment and process automation

Trade Names: Krupp Polysius AG Parent Company: Fried Krupp GmbH

Subsidiary Companies: Polys ius Ltd (UK); Polysius S.A. (France); Polysius S.A. (Spain); Polys ius Corp. (USA) and others in South Africa, Brazil and Belgium

Principal Bankers: LZB; Dresdner Bank; Deutsche Bank; Commerzbank; Chase Bank; Bayerische Vereinsbank; Postscheck Dortmund



Principal Shareholders: Fried. Krupp GmbH No of Employees: 1 ,322

L & C STEINMULLER GMBH See STEINMULLER, L & C, GMBH

LINDE AG

31.12.87 DM'OOO 237,944

27,000

Abraham-lincoln-Str 21, Postfach 40 20, 6200 Wiesbaden Tel: (06121) 770-1 Cable: lindeges Wiesbaden Telex: 4186833 lindd Telefax: (06121) 770269

Supervisory Board: W Schieren (Chairman), J Staub (Deputy Chairman), G Beiten, R Bouillon, H J Burgard, G Essing, G Kammholz, R liebler, St Nowakowitsch, H Sandi eitner, R Schmidt, R H Schmitz, W Seipp, M Streich, H J Strenger, H G Vogelsang

Executive Board: H Meinhardt (Chairman), J MOiler, G Full, R Lohse, G Eggendorfer (Deputy)

PRINCIPAL ACTlVJTJES: Process plant engineering and construction; industrial gases; materials handling and hydraulics; refrigeration

Subsidiary Companies in Germany, consolidated: (100% owned unless stated): MAPAG Maschinenfabrik GmbH; SelasKirchner GmbH; linde Technische Gase Berlin GmbH & Co KG; Tega-Technische Gase und Gasetechnik GmbH; linde Technische Gase Berlin Verwaltungsgesellschaft mbH; TegaTechnische Gase und Gasetechnik GmbH & Co KG; Celsior GmbH; STILL GmbH; Matra-Werke GmbH. Subsidiary Companies in other countries, not consolidated (100% owned unless stated): Lotepro Corporation (USA); Selas-Fluid Processing Corporation (USA); Societe d'Application des Techniques linde SARL (France); L1NARCO LTD (50%) (Saudi Arabia); linde (Australia) Pty Ltd (Australia); Lotepro Plants Ltd (Canada); Airgaz SARL (50%) (France); Societe Industrielle de I'Anhydride Carbonique SA (50%) (France); Soudures Nevax SA (50%) (France); Linde Gas Pty Ltd (Australia); Fedgas (Pty) Ltd (50%) (South Africa); Linde do Brasil Ltda (Brazil); Aeroton Gases Industriais Ltda (50%) (South Africa); Linde do Brasil Ltda (Brazil); Aeroton Gases Industriais Ltda (50%) (Brazil); Airgas Nederland BV (43.1 %) (Netherlands); Abello Oxigeno-Linde SA (51%) (Spain); Linde Technische Gase GesmbH (Austria); TEGA-Technische Gase GesmbH (50%) (Austria); UNION Industrie comprimierter Gase GesmbH Nfg KG (Austria); Steirisches Kohlensiiurewerk GesmbH Nfg KG (Austria); Linde Hellas E.P.E. (Greece); L'Oxhydrique Internationale SA (49.5%) (Belgium); Sociedade de Gases e Produtos Quimicos SA (62.5%) (Portugal); Linde Froid et Climatisation SARL (France); Linde Refrigeration Ltd (UK); linde Kiiltetechnik GesmbH (Austria); linde KT Italiana SpA (Italy); SARCA NV (Belgium); Linde Kiiltetechnik AG (Switzerland); Linde K.T. Norge A/S (Norway); Fenwick-Linde SARL (France); Fenwick Location SA (92%) (France); STILL SA (France); Baker Material Handling Corporation (USA); linde Hydraulics Corporation (USA); LINDE CARRETILLAS E HIDRAUUCA SA (Spain); STILL SA (Spain); linde GOldner Italiana SpA (Italy); STILL ITALIA SpA (Italy); Linde Hydraulics Ltd (UK); STILL MATERIALS HANDLING LTD (UK); STILL TRUCK A/S (Denmark); Linde Fbrdertechnik AG (Switzerland); STILL GmbH (Switzerland); STILL GesmbH (Austria); STILL NV (Belgium); STILL Intern Transport BV (Netherlands); Likos

99

GERMANY AG (50%) (Switzerland); Linde Holding AG (Switzerland); LAGUS Capital Corporation (USA); linde International BV (Netherlands). Other important affiliates: PanGas (Switzerland); NV W A Hoek's Machine- en Zuurstoffabriek (Netherlands); A/S Dansk IIt- & Brintfabrik (Denmark); Wagner Fbrdertechnik GmbH & Co KG (Germany); Markt-und KOhlhalien Aktiengesellschaft (Germany); linde Leasing GmbH (Germany)


Sales turnover 2,929,624 3.131,064 Profit before tax 211,509 245,651 Profit after tax 105,791 117,784 Retained profit 57,126 60.266 Dividends 57,027 59.493 Dividends per share 120M 12.50DM Earnings per share 360M 380M Share capital 237,725 237.973 Shareholders funds 982,807 1.045.292

No of Employees: 14,619 (Domestic Group); 19,646 (World Group)

LINGNER + FISCHER GMBH Hermannstr 7, Postfach 1440, 0-7580 BOhl (Baden) Tel: (07223) 2840 Cable: Fismar Buhlbaden Telex: 78761 uhu d Telefax: 284-211

Board of Directors: Kurt Wontorra (Chairman) Managing Directors: Christian Geissler, Dr Karl-Martin Dreger

PRINCIPAL ACTIVITIES: Production and sale of toiletries. adhesives, D.I.Y. products, pharmaceuticals and health products

Trade Names: Odol Mouthwash, Odol Mouthspray. Odol Toothpaste, Dr Best Toothbrushes, badedas foambath. duschdas shower geel, cremedas Softcream, Scherk SJ..II1Care and Cleanser. Fissan-Babycare, Pitralon-Mens care. Jov:lI1 Cosmetics, Sulfoderm medical cosmetic series, sport lavlt sportive toiletries, Fink Health and Pharmaceutical prOOtll'tS. UHU Adhesives and DIY products

Parent Company: Beecham Industries GmbH , Mainz SubSidiary/Associated Companies: UHU Vertrieb GmbH : FI ~Il1'll

Spedition GmbH; Fink GmbH Principal Bankers: Commerzbank AG

Principal Shareholders: Beecham Group PLC, UK No of Employees: 1,LOO

LURGI GMBH Lurgi-Allee 5, Postfach 11 12 31, 0-6000 Frankfurt/Main Tel' (069) 5808-0 Telex: 041236-0 Ig d Telefax: (069) 5808-3888

Management Board: Dr J P Schaefer (Chairman), KArras. H Koch, Dr K von Lindeiner, H G Schlegelmich, Dr G von Struve

PRINCIPAL ACTIVITIES: The design, supply, construction ano erection of complete turnkey plants, plant units and equipment for all sectors of industry, including infrastructure

Parent Company: Metallgesellschaft AG, Frankfurt/Main Subsidiary Companies: Lurgi Corporation (USA); Lurgi

(Australia) Pty Ltd (Australia); Lurgi do Brasil Instalacoes Industriais Ltda (Brazil); Lurgi Benelux SA (Belgium); Lurgi Canada Ltd (Canada); Lurgi Espanola SA (Spain); Lurgi Italian a SpA (Italy); Lurgi India Company Private Ltd (India); Lurgi Mexicana SA (Mexico); Lurgi Nederland BV (Netherlands); Lurgi SA (France); Lurgi South Africa (Pty) Ltd (South Africa); Lurgi (UK) Ltd (UK); Lurgi Verfahrenstechnik GmbH (Austria): Lurgi Zurich AG (Switzerland); Svenska Lurgi AB (Sweden); Lurgi K.K. (Japan)


Sales turnover


MAN AKTIENGESELLSCHAFT Ungerstrasse 69, 8000 Munchen 40

DM'OOO 1,450,000

Tel: 089/36 098-0 (Munchen); 0208/85909-0 (Regional Office North: Oberhausen)

Telex: 5215710 manmd (Munchen); 856865 manod (Regional Office North: Oberhausen)

Telefax: 089/36098250 (Munchen); 0208/8590911 (Regional Office North: Oberhausen)

Supervisory Board: Prof Dr Matthias Seefelder (Chairman), Gunter Essing (Deputy Chairman), Dr jur Wolfgang Schieren (Deputy Chairman), Ludwig Altmann, Bodo Eggemann, Wolfgang Engerer, Dr jur Heinz Gester, Dr jur Diether Hoffmann, Dr iur h c Horst K Jannott, Hans Jakob Kruse, Rolf Mahn, Dr rer pol Hans Meinhardt, Dr jur Jurgen Mirow, Dr-Ing E h Bernhard Plettner, Karl Gustaf Ratjen, Dr jur Walter Seipp, Dr-Ing E h Franz Joseph Spalthoff, Paul Stotzel, Dieter Tameling, Josef Weigl

Executive Board: Dr Klaus Gotte (Chairman), Dr S Schiffbauer, Dr H Giersch, W Lochte, H Meissner, Dr H Singer, Dr G Schmidt, Dr H Wohland

PRINCIPAL ACTIVITIES: The MAN companies are actively engaged throughout the world in machinery and plant construction, the supply of commercial vehicles, and in contracting and trading. Their high-tech products and the services provided are geared to meet the demands of the power generating sector, the chemical and petrochemical industries, the transportation and material handling sector, the basic industries, as well as printing and communications engineering

Subsidiary Companies: (100% owned unless stated): MAN Nutzfahrzeuge GmbH; MAN Gutehoffnungshutte GmbH; MAN Technologie GmbH; MAN B&W Diesel GmbH; MAN Roland Druckmaschinen AG (97.81%); RENK AG (76%); Deggendorfer Werft und Eisenbau GmbH; Ferrostaal AG; Rohrenlager Mannheim AG; Franz Kirchfeld GmbH KG; Schloemann-Siemag AG (51%); Battenfeld GmbH (99.9%); Schwabische Huttenwerke GmbH (50%); Gutehoffnungshutte Grundstucks GmbH; Kabel-und Metallwerke Gutehoffnungshutte AG (76.91%); Schaltbau GmbH; SMS Hasenclever Maschinenfabriken GmbH (99%)


Group sales turnover 14,076,783 14,969,943 Profit before tax 238,004 260,532 Profit after tax 122,253 134,960

Retained profit 49,239 61,713 Dividends 74,200 74,200 Dividends per share 5.50DM 5.50DM

Share capital 674,549 674,549 Shareholders funds 2,457,000 2,481,000

Principal Shareholders: Regina Verwaltungs-GmbH, Munich (over 25%)


MANNESMANN AG Mannesmannufer 2, Postfach 5501, D-4000 Dusseldorf 1 Tel: (0211) 820-0 Telefax: (0211) 820 2554 Teletex: 211 4549

Management Board: Dr Ing E h Werner H Dieter (Vorsitzender), Dr Klaus Czeguhn (Technik), Dr Joachim Funk (Finanz und Rechnungswesen), Josef Murawski (Personal), Franz Sieverding (Vertrieb und Beschaffung)

100

PRINCIPAL ACTIVITIES: Mannesmann builds machinery and plants, produces capital goods in the fields of electrical and electronic engineering, produces components for the automotive industry, manufactures pipe and tubing and trades on a worldwide basis in its own and external products. With a staff of about 113,000, the annual turnover amounts to 16.7 billion DM, two thirds of which is accounted for by customers from all over the world

Groups of Companies: Mannesmann Demag AG, Duisburg; Mannesmann Rexroth GmbH, Lohr/Main ; Fichtel & Sachs AG, Schweinfurt; Mannesmann Anlagenbau AG, Dusseldorf; Hartmann & Braun AG, Frankfurt; Mannesmann Kienzle GmbH, Villingen-Schuenningen. Mannesmannrohren-Werke AG, Dusseldorf; Mannesmann Handel AG, Dusseldorf; Mannesmann SA (Brazil)

Principal Bankers: Deutsche Bank AG Financial Information:

31.12.86 DM'OOO



Dividends per share 5.00DM

Share capital 1,280,000

31.12.87 DM'OOO

16,655,300

133,800 5.00DM

1,280,000

Number of Shareholders: Approximately 250,000 individual shareholders


MARTINSWERK GMBH Postfach 1209, 5010 Bergheim Tel: (02271) 9020 Cable: Martinswerk bergheimerft Telex: 888 712 matwkd Telefax: (02271) 902555

Management Board: Dr Christian Rocktaschel (Vorsitzender)

PRINCIPAL ACTIVITIES: Production marketing and trading of inorganic chemicals and special pigments

Trade Names: MARTINAL (R), MARTI FIN (R), MARTOXID (R), MARTI POL (R), COMPALOX (R), PERGOPAK (R)

Parent Company: Alusuisse Deutschland GmbH, Konstanz SubSidiary Companies: Gewerkschaft Noppenberg; Alumin ium

Industrie-Wohnbau-GmbH; Leichtmetall-Gesellschaft mbH (LMG)

Principal Bankers: Deutsche Bank AG, K61n; Dresdner Bank AG, Freiburg; Postgiroamt, Koln


Sales turnover


MELCHERS, C, & CO Schlachte 39-40, 2800 Bremen Tel: (0421) 1769 Cable: Melchersco Telex: 2464910 cm d Telefax: (0421) 1769401

Partners: J Dettmers, H Melchers

31.12.87 DM'OOO 250,000

Managing Directors: R Sbresny, M Kraft, P KuhlmannLehmkuhle, M Claussen

PRINCIPAL ACTIVITIES: Import and export of essential oils, silk, wool and other textile products, electronics, export of maChinery, equipment and materials

Subsidiary/Associated Companies: (100% owned unless stated): Melchers Ferrostaal GmbH & Co KG (50%); Pioneer Melchers GmbH (20%); Melchers Produktions GmbH

Principal Bankers: Bremer Bank; LZB


MERCK, E, Frankfurterstrasse 250, 6100 Darmstadt

Tel: (06151) 72-0

Cable: emerck darmstadt

Telex: 419328-0 em d

Telefax: (06151) 72-33 68

Advisory Body: Prof Dr Hans Joachim Langmann (Vors.), Dr Thomas Baillou (stv. Vors.), Dr Victor Baillou, Jon Baumhauer, Prof Dr Dr Peter Berglar, Barbara Groos, Dr Frank Haverkamp, Dr Kurt von Kessel, Diplom-Landwirt Hermann Kraft, Diplom-Landwirt Karl Heinrich Kraft, Peter Merck

Management Board: Prof Dr Hans Joachim Langmann (Vors.), Sieghart von Arnim (stv. Vors.), Dr Victor Baillou, Wolfgang Honn, Klaus Gruber, Prof Heinrich Muller, Prof Dr Gunther Hausler (stv. Mitglied)

Senior Executives: Unternehmensbereich Pharma: Dr Detlev Cramer (Pharma Deutschland), Prof Dr Klaus Deck (Klinische Pharmaentwicklung), Prof Dr Harald Frohberg (Praklinische Pharmaentwicklung), Dr Klaus Irmscher (Praklinische Forschung), Dr Manfred May (Pharma Ausland), Dr Horst Notzelmann (Pharma Deutschland), Dr Werner Rosenberg (Produktion Pharma). Unternehmensbereich Chemie: Dr Dieter Bartling (Industriechemikalien), Dr Manfred Engelhardt (Reagenzien), Dr Jakob Fries (Pigmente), Kurt Hajek (Feinchemikalien), Dr Volker Koppe (Analytisches Zentrallaboratorium), Dr Richard Unger (Produktion Chemie Darmstadt), Winfried Muller (Werksleiter Gernsheim), Dr Willi Wintermeyer (Forschung und Entwicklung). Zentrale Funktionen: Prof Dr Christian Flamig (Recht, Patente, Steuern), Klaus Glatzel (Organisation, Informationsverabeitung), Dr Hans-Werner Hauck (Finanzen), Gunter Leva (Lager-, Versand-und Transportwesen), Dr Jochen Meyer (Leitungskrafte), Karl-Ludwig Natho (Einkauf), Dr Wilfried Vetter (Zentrales Personal-und Ausbildungswesen), Dieter Weiss bach (Technik), Dr HeinzJochen Zwirner (Rechnungswesen, Controlling, Versicherungen)

PRINCIPAL ACTIVITIES: Industrial chemicals, medicines , reagents, diagnostics, fine chemicals, pigments

Group Companies: Belgium: Belgolabo SA-NV. Germany: Emedia Export Company mbH; Chemitra GmbH; Gemeinnutzige Wohnbau GmbH; Syva-Merck GmbH. Denmark: Merck Danmark A/S. Finland: Merck Oy. France: Lab. Merck-Clevenot SA. UK: Merck Holding Ltd; E Merck Ltd; BDH Ltd. Greece: Merck Hellas EPE. Italy: Bracco Industria Chimica SpA; BDH Italia SrI. Luxembourg: MerckFinanz AG. Netherlands: E Merck Nederland BV. Norway: Merck A/S. Austria: Austro-Merck Ges.mbH; Hermal-Chemie Kurt Herrmann & Co Ges.mbH; Arcana Chem.-pharm. Fabrik Ges.mbH. Portugal: Merck Portuguesa Lda. Sweden: E Merck AB. Switzerland: von Glenck & Cie; Merck AG; E Merck (Schweiz) AG. Spain: Igoda SA; Merck Quimica SA; Probus SA. Canada: BDH Inc. USA: EM Diagnostic Systems, Inc; EM Industries, Inc; EM Pharmaceutical Inc; Interaction Chemicals Inc. Argentina: Merck Quimica Argentina SAIC. Brazil : Quimitra SA; MB Bioquimica Ltda; Merck SA; Merck Maranhao SA; Vegetex Ltda; Quimica Asca Ltda; Fazenda Chapada Ltda. Chile: Merck Quimica Chilena Soc Ltda. Dominican Republic: Merck Dominicana SA. Equador: Merck Ecuador CA. Guatemala: Merck Centro americana SA. Colombia: Merck Colombia SA. Mexico: Merck-Mexico SA; Quimitra SA de CV; Requimex SA de CV. Netherlands Antilles: Merck International Finance NV. Peru: Merck Peruana SA; Laboratorios Cipa SA. EI Salvador: Merck EI Salvador SA. Venezuela: Merck SA. Australia: E Merck Pty. Ltd; BDH Chemicals Australia Pty Ltd. India: E Merck (India) Ltd. Indonesia: P.T. Merck Indonesia. Iran: Merck Trading AG (Pvt.). Japan: Merck Japan Ltd; Kanto Kagaku KK. New Zealand: BDH Chemicals New Zealand Ltd. Nigeria: Farmex Ltd; Emedia Ltd. Pakistan: D. Marker & Sons (Pvt) Ltd. Philippines: Merck, Inc. South Africa: E Merck (South Africa) (Ply) Ltd

101

GERMANY Principal Bankers: Deutsche Bank; Dresdner Bank Financial Information:



31.12.86 DM'OOO

2,954,100

MESSER GRIESHEIM GMBH

31.12.87 DM 'OOO

2,979,400

Hanauer Landstr 300-330, PO Box 3746, 0-6000 Frankfurt/Main 1

Tel: (069) 40 19-1 Cable: Mg-zentral Frankfurtmain Telex: 417138 mgfh d Telefax: (069)40 19-388

Supervisory Board: Prof Dr Wolfgang Hilger (Chairman), Theo Geuss (Vice-Chairman), Dr Horst Burgard, Jurgen Dormann, Dr Dietrich Hoffmann, Karl-Georg Istas, Oswald Bommel, Franz Kuchler, Helmut Maucher, Dr Gunter Metz, Peter Ploch, Ralf Tanzer

Board of Executive Directors: Dr Hans Messer (Chairman), Gerd Grabhorn, Hans H Kampny, Paul Willheim

Senior Executives: Dietrich Bohme, Hans Schaeuffelen, Klaus Steinhauser, Falk Wynands, JOrgen Heinichen

PRINCIPAL ACTIVITIES: Industrial gases; welding and cutting products

Subsidiary Companies: (100% owned unless stated): Germany: Buse Gase GmbH (50%); Cryotec Tief- und TiefsttemperaturTechnik GmbH (50%); Oxyssar Huttensauerstoff GmbH (75%); Oxytechnik Gesellschaft fUr Systemtechnik mbH; Sauerstoffund Stickstoffrohrleitungs-gesellschaft mbH (50%); SIG Sauerstoffwerk Frankfurt GmbH (50%); Messer Griesheim Versicherungsvermittlungs-und beratungsfesellschaft mbH. Switzerland: Likos AG (50%); Sauerstoffwerk Lenzburg AG (40%); Messer Griesheim International AG; Schweisstechnik AG. Belgium: L'Oxhydrique Internationale SA (49.5%); Messer Griesheim Belgium SA. France: Messer Griesheim France SA; Airgaz SARL (50%); Soudures Nevax SA (50%); Polysoude SA. Italy: Messer Griesheim Italian a SpA (98.1%). UK: Distillers MG Ltd ; Messer Griesheim Ltd. Netherlands: Airgas Nederland BV (42.1%); Messer Griesheim Nederland BV. Austria: Messer Griesheim Austria GesmbH; C Franzel & Sohne KG (50%). Spain: Airgas SA; Carburos Messer Griesheim Gases Industriales SA (33.33%). USA: Messer Griesheim Industries Inc, USA. South Africa: Fedgas (Pty) Ltd (50%). Mexico: Messer Griesheim de Mexico SA de CV. Venezuela: Messer Griesheim de Venezuela SA (50%)

Principal Bankers: Deutsche Bank AG; Commerzbank AG; SMH Bank; Westdeutsche Landesbank Girozentrale; Hessische Landesbank Girozentrale


Group sales turnover Profit after tax Retained profit Capital stock Shareholders equity ' DM348,000,000 May 1988

31.12.86 DM 'OOO

1,654,000 85,000 60,000

273,000 445,000

No of Employees: 7,407 Group, 5,238 Company

MICHELIN REIFENWERKE KGAA Vogesenstr 4, Postfach 210953, 0-7500 Karlsruhe 21 Tel: (0721) 5960-1 Cable: Pneumiclin Karlsruhe Telex: 0782511

31 .12.87 DM 'OOO

1,813,000 95,000 75 ,000

306,000' 516,000

Management Board: Franyois Michelin, Franyois Roilier

PRINCIPAL ACTIVITIES: Manufacture of tyres , rubber products and chemicals

Parent Company: Cie Gimerale des Ets Michelin , France



2,190,000

Principal Shareholders: Cie Financiere Michelin, Basle No of Employees: 9,890

MITSUI & CO EUROPE GMBH Konigsallee 92a, Postfach 5623, 0-4000 Dusseldorf Tel: (0211) 8798-1 Cable: Mitsuidusseldorf Telex: 8582081 mit d

Management Board: T Minami (President)

PRINCIPAL ACTIVITIES: Suppliers of steel and other metals, machinery, chemicals, petroleum products, textiles, food products, and consumer goods

Principal Bankers: Bank of Tokyo Financial Information:


1,570,000

Principal Shareholders: Mitsui, Tokyo, Japan (100%) No of Employees: 170

MOBIL OIL AG Steinstrasse 5, 2000 Hamburg 1 Tel: (040) 3040 Cable: Mobiloil Hamburg Telex: 213967 mo d Telefax: (040) 3042830

Supervisory Board: E van Hooven (Chairman), Klaus-Juergen Schwarz (Deputy Chairman), Dr Dr Karlheinz Bund, R 0 Swanson, H Schmoldt, Dr Hans Georg Willers, Hans Jakob Kruse, Dr G Mathiesen, Peter Sauerbruch, Ruediger H Lilie, E Fischer, K-H Sass

Board of Management: H Detharding (Chairman), B Genge, G Roth, 0 Walker

PRINCIPAL ACTIVITIES: Exploration, production and sale of crude oil and natural gas, manufacture and sale of mineral oil and related products

Trade Names: Mobiloil Parent Company: Mobil Corporation Subsidiary Companies: Mobil Oil Raffinerie GmbH; Mobil Oil

Raffinerie Worth GmbH & Co. OHG; Mobil Oil Reederei GmbH; Mobil Beteiligungs-und Vertriebsgesellschaft mbH; Bayerische Mineral-Industrie AG; Henschker Mineraloelvertrieb GmbH; Haniel Handel GmbH

Principal Bankers: Deutsche Bank AG Financial Information:

31.12.86 DM'OOO

31.12.87 DM'OOO

Sales turnover 7,624,000 6,357,000 Profit after tax 230,000 30,567 Dividends 230,000 30,673 Share capital 600,000 600,000 Shareholders funds 700,000 637,000

Principal Shareholders: Mobil Petroleum Company Inc; Mobil International Petroleum Corp


NORDDEUTSCHE AFFINERIE AG Alsterterrasse 2, Postfach 303926, 2000 Hamburg 36 Tel: (040) 441961 Cable: Affinerie Hamburg Telex: 214081 a na d Telefax: (040) 44196255

Supervisory Board: P Hofmeister (Honorary Chairman), Dr 0 Natus (Chairman)

Management Board: G Berndt (Chairman), H Pax, Dr P Kartenbeck, P-H v. Staden

102

PRINCIPAL ACTIVITIES: Metal smelting and refining; chemical factory

Subsidiary Companies: Huttenbau-Gesellschaft Peute mbH; Pflanzenschutz Urania GmbH; Retorte Ulrich Scharrer GmbH; Transvaal Alloys (Pty) Ltd (South Africa)

Principal Bankers: Landeszentralbank Hamburg; Deutsche Bank; Dresdner Bank



30.9.86 DM'OOO

1,976,606 37,862 13,550 2,000

11,550 105,000 204,000

30.9.87 DM'OOO

1,525,814 45,732 14,550 3,000

11,550 105,000 207,000

Principal Shareholders: Metallgesellschaft AG, Frankfurt (35%); DEGUSSA AG, Frankfurt (30%); Mount Isa Mines Holdings (Deutschland) GmbH, Frankfurt (35%)


NORDMANN, RASSMANN GMBH & CO Kajen 2, 2000 Hamburg 11 Tel: (040) 36 87-0 Cable: Nordrascos Telex: 0211122 nrcg d Telefax: (0401) 36 87 249

Chairman: Georg Nordmann Directors: Edgar E Nordmann, Carsten Nordmann, Rolf Stigler Senior Executives: Hans-Peter Berger, Uwe Boldt, Jens Eggers,

Manfred Hein, Helmut Locklair, Gerhard Maack, Wolfgang Nagel, Joachim Rummelin, Heinz-Herbert Schroder, Ingrid Starke, Bernd Schilling, Rolf Roth, Peter Meissler

PRINCIPAL ACTIVITIES: Wholesaling and foreign trade Subsidiary Companies: Enorica GmbH; ROWA GmbH;

Nordmann Rassmann (UK) Ltd (UK); Neoquimica Ltda (Portugal)

Principal Bankers: Vereins-und Westbank AG Financial Information:


1986 DM'OOO 250,000

4,500 7,700

Principal Shareholders: Nordmann Family No of Employees: 170

OMW

1987 DM'OOO 240,000

4,500 5,250

Oberrheinische Mineralolwerke GmbH DEA-Scholven-Str 1, Postfach 211036, 7500 Karlsruhe 21 Tel: (0721) 56041 Cable: Oemwe Telex: 07826560 Telefax: (0721) 59 30 90

Supervisory Board: Dr Peter Koch (Vorsitzender), Dr Gerd Escher (stellv Vorsitzender), Kurt Bittig, Hans-Dieter Dieken, Karl Heinrich, Dr Friedel Wehmeier

Management Board: Dr Gehard Abbes, Wolfgang Armbruster Senior Executives: Klaus Kohlmann, Dr Dieter Langner, Erich

Rosum

PRINCIPAL ACTIVITIES: Petroleum refining Principal Bankers: Deutsche Bank AG; Dresdner Bank AG;

Commerzbank AG; Badische Kommunale Landerbank Financial Information:


1,758,000

Principal Shareholders: Deutsche Texaco AG (42%); Ruhr Del GmbH (33%); Conoco Inc (25%) (USA)


PEROXID-CHEMIE GMBH 0-8023 Hollriegelskreuth bei Munchen

Tel: (089) 72 79-0

Cable: Peroxid-Chemie

Telex: 523482 pcm d

Directors: Jurgen W Hildebrand, Rudolf Schleicher, Dr Hans Seidl

Senior Executives: 0 Arkona, Dr Boriss, Dr Edl, R Krauss, Dr Honig, Dr Paucksch, Dr Schmid, M Siegelin

PAINCIPAL ACTIVITIES: Hydrogen peroxide, persulphates, sodium chlorite, sodium perborate, sodium percarbonate, textile auxiliaries, organic intermediates, epoxides , diols, organic peroxides, accelerators, inhibitors

Parent Company: Kali-Chemie AG/Laporte Industries Ltd

Subsidiary Companies: Societe Chalonnaise de Peroxydes Organiques , France

Principal Bankers: Merck, Finck & Co; Hypobank; Postschekkonto


PETERS, CLAUDIUS, AG Kapstadtring 1, City Nord, 0-2000 Hamburg 60 Tel: 6372 1

Cable: Cepeplanbau Hamburg

Telex: 2174110 A CP 0

Fax: 040/6372-220 (a)

Supervisory Board: Wolf-Elmar Warning (Chairman)

Management Board: Dipl.-Kfm. Jurgen Heilenkotter (Chairman), Dr.-Ing. Helmut Hadrys

PAINCIPAL ACTIVITIES: Claudius Peters, a world-wide operating engineering and contracting company, designs and builds industrial plants covering all stages from initial planning to final start-up. Projects may be undertaken by Claudius Peters completely on its own as main contractor, or in cooperation with the customer, or in conjunction with other companies as a joint venture partner, or as SUb-contractor. Engineering, contracting and consulting for the following products and industries:- Building Materials: plaster, and building elements made of plaster; bricks, (limestone, concrete/aerated concrete, ash); dry mortar, floor pavements etc; ordinary and fine ceramics; grinding systems. Cement, Lime, Alumina: coolers, cooling systems; pneumatic conveying systems; homogenizing/blending/storage silos; loading and cargo transfer equipment; Ship loading/unloading systems; packing installations. Production Accessories: optoelectronic systems for quality control and fault detection eg in wood, ceramic products etc; capsule transport systems. Chemical Industry: special equipment; product cooling and drying systems; pneumatic conveying systems and capsule transport. Refinery and Petrochemical: tubular heaters inc!. thermal cracking systems; heat recovery installations; heater revamps and repairs; engineering/expert studies. Coal Technology: grinding systems; pneumatic ash removal ; fly ash and chemical gypsum storage; pneumatic conveying and storage of coal dust, limestone, hydrated lime etc. Disposal: processing of chemical gypsum; ash preparation and utilization; incineration systems for industrial refuse, special refuse etc; systems for handling contaminated soil

Trade Names: CLAUDIUS PETERS

Parent Company: FKI Babcock pic (UK)

Subsidiary Companies: Claudius Peters SA (France); Claudius Peters Italiana Sri (Italy); Claudius Peters (Exportadora) SA (Spain); Claudius Peters Ltd (UK); Claudius Peters Inc (USA)

Principal Bankers: Deutsche Bank; Dresdner Bank Financial Information:

Sales turnover

No of Employees: 738 worldwide

DM'OOO

160,000

103

GERMANY POSSEHL ERZKONTOR GMBH Beckergrube 38-52, Postfach 1633, 2400 Lubeck Tel: (0451) 1481 Cable: Erzkontor Lubeck Telex: 2 64 26 erz d Telefax: (0451) 148355

Management Board: H L Quandt, G Zschiesche Senior Executives: E Dolz (Lubeck), K-H Haack (Lubeck), A

Horn (Lubeck), H Lachmann (Lubeck), W Schumann (Lubeck), W von Ohlen (Dusseldorf), R Thiel (Dusseldorf), Dr U Schafer (Dusseldorf), I Lilje (Hamburg)

PAINCIPAL ACTIVITIES: Ores and minerals for steel, refractory, ceramic, cement, foundry and chemical industries; chemicals and plastic raw materials; alloys; coke and coal; metals and metal ores

Parent Company: L Possehl & Co mbH, Lubeck Subsidiaries: Dusseldorf, Hamburg, Paris, London; Associated

Companies: Heimerle & Meule GmbH; Mandt Mineralmahlwerke GmbH & Co. KG; Possehl Ore and Metal Ltd (Hong Kong)


Group sales turnover Share capital

1987 DM'OOO

2,000,000 6,000

Principal Shareholders: L. Possehl & Co. mbH, Lubeck No of Employees: 90

RASCHIG AG Mundenheimer Str 100, Postfach 21 11 28, 6700 Ludwigshafen-

Rhein Tel: (0621) 5618-0 Cable: Raschig Ludwigshafenrhein Telex: 464877 ralu d; Teletex: 6215987 Telefax: (0621) 582885

Supervisory Board: Dr Karl Langerle, Dr Hellmut Bergmann, Karl-Heinz Dischler (Personnel Representative)

Management Board: Dr F Raschig, Gert Raschig, Rudolf Keppe, Dr Willy Wassenberg

PAINCIPAL ACTIVITIES: Chemicals, tower packings and packed tower internals, plastics, foundry additives, road building materials, road construction, industrial and synthetic resins, thermosetting moulding compounds

Trade Names: Raschig-Ringe , Linofix, Ralumac, Helabit, Resinol, Resispol , Ralox, Resifix

Subsidiary/Associated Companies: Raschig Fullkorper GmbH; Karl Vieh GmbH; Ralupur AG (Switzerland): Labosim AG (Switzerland); Raschig Corp (USA): Raschig France (France)

Principal Bankers: Deutsche Bank; Bayerische Hypotheken und Wechselbank; Landesbank Girozentrale Rheinland-Pfalz ; Landeszentralbank; Stadtsparkasse Ludwigshafen


Sales turnover

1987 DM 'OOO 219,000

1988 DM'OOO 235,000

Principal Shareholders: Dr F Raschig (50%); Gert Raschig (50%) No of Employees: 850

REICHELT, F, AG Rahlau 88-90, Postfach 701480,2000 Hamburg 70 Tel: (040) 669880 Cable: Drogenreichelt Telex: 2162251 Telefax: (040) 66988-209

Supervisory Board: A Merckle (Chairman) Management Board: R Dittrich , W Harder, Dr Christian Wehle

PAINCIPAL ACTIVITIES: Manufacture of chemicals, pharmaceuticals and cosmetics

Principal Bankers: Commerzbank; Deutsche Bank; Dresdner Bank; Berliner Bank


Sales turnover


OM'OOO 200,000

RHEINISCHE OLEFINWERKE GMBH Postfach 1464,5047 Wesseling Tel: (02236) 721 Cable: Olefinwerke Wesseling Telex: 8886961 Telefax: (02236) 722400

Management Board: Dr Helmut Pfannmuller, Dr Gerhard Moller

PRINCIPAL ACTIVITIES: Artificial resin, thermoplastic and naptha products

Trade Names: LUPOLEN, NOVOLEN, OPPANOL B, LUCOBIT, EPIKOTE, CARl FLEX

Parent Company: BASF AG, Ludwigshafen; Deutsche Shell AG, Hamburg


Sales turnover Profit before tax Profit after tax Dividends Capital stock Shareholders funds


31.12.86 OM'OOO

1,831,761 116,556 98,436 98,436

300,000 337,615

RHEINISCH-WESTFALISCHES ELEKTRIZITATSWERK AG

RWE Kruppstr 5, 0-4300 Essen 1 Tel: (0201) 185-1 Cable: Kraftlicht Telex: 857851 kraftlicht d Telefax: 185-4313

31.12.87 OM'OOO

1,862,537 142,022 119,250 119,250 300,000 324,327

Supervisory Board: Dr F Wilhelm Christians (Vorsitzender), Hans Klaus (stellv. Vorsitzender), Walter Auer, Walter Beer, Leonhard Braun, Peter Germer, Heinz Hager, Dr FriedrichWilhelm Janssen, Dr Georg Klinkhammer, Willy Koning, Josef KOrten, Josef Leuter, Reinhold Mosch, Peter Philipsen, Peter Reuschenbach, Dr Wolfgang Roller, Dr Wolfgang Schieren, Dr Dieter Spethmann, Thomas Wegscheider, Heribert Werhahn

Executive Board: Dr-Ing Dr-Ing. E.h. Gunther KliUte (Sprecher des Vorstands), Dr jur. Friedheim Gieske (Sprecher des Vorstands), Wolfgang Ziemann, Dr Ing. E.h. Franz Joseph Spalthoff, Franz Josef Schmitt, Bruno Steinborn, Herbert Kramer, Or.-Ing. Werner Hlubek (stv)

PRINCIPAL ACTIVITIES: Electrical power supply industry Subsidiary Companies: (100% owned unless stated): Rheinische

Braunkohlenwerke AG; Union Rheinische Braunkohlen Kraftstoff AG; Schnell-Bruter-Kernkraftwerksgesellschaft mbH Gemeinsames Europaisches Unternehmen (69%); Heidelberger Oruckmaschinen AG (52%); LechElektrizitatswerke AG (75%); Kernkraftwerk RWE-Bayernwerk GmbH (75%); Rheinelektra AG (62%); Lahmeyer Aktiengesellschaft fUr Energiewirtschaft (64%); StarkstromAnlagen-GeselisChaft mbH; Main-Kraftwerke AG (70%); Moselkraftwerke GmbH; Rhenag Rheinische Energie AG (54%); Maria Theresia Bergbaugesellschaft mbH; Rheinbraun Australia Pty Ltd (Australia); Koblenzer Elektrizitatswerk und Verkehrs-AG (57%); Saarwasserkraftwerke GmbH; StierlenMaquet AG; Rheinbraun Verkaufsgesellschaft mbH; Kraftversorgung Rhein-Wied AG (70%); Westgas Aachen GmbH (58%); Rheinkraftwerk Albbruck-Dogern AG (77%); Kraftwerk Altwurttemberg AG (92%); Union Rheinbraun Kohle und Mineraloel GmbH; Rheinbraun-Wasser-Gesellschaft mbH; Lahnkraftwerke AG; Reederei und Spedition "Braunkohle" GmbH; Energieversorgung Bad Ems GmbH (99%);

104

Heidelberger Graphic Equipment Ltd (UK); Heidelberg UK. Associated Companies: Societe Luxembourgeoise de Centrales Nucleaires SA (30%) (Luxembourg); EnergieVerwaltungs-Gesellschaft mbH (30%); Kraftwerk Voerde STEAG-RWE oHG (25%); Hochtief AG vorm Gebr Helfmann (39%): Conrhein Coal Company (24%) (USA): Schluchseewerk AG (50%): Deutsche Gesellschaft fur Wiederaufarbeitung von Kernbrennstoffen mbH (25%); Societe Electrique de l'Our SA (41%) (Luxembourg): Vereinigte Saar-Elektrizitats-AG (41%): Isarwerke GmbH (25%); Energieversorgung Oberhausen AG (50%); Kraftwerk Buer GbR (50%): Mittlere Oonau Kraftwerke AG (40%): Energieversorgung Leverkusen GmbH (EVL) (50%): Niederrheinische Licht-und Kraftwerke AG (50%): Energieversorgung Mittelrhein GmbH (26%): Sudhessische Gas und Wasser AG (26%): Uranerzbergbau-GmbH (50%): Elektrizitatswerk Rheinhessen AG (50%): Siegener Versorgungsbetriebe GmbH (25%); RGW Rechtsrheinische Gas- und Wasserversorgung AG (50%): Bayerische Wasserkraftwerke (33.33%)

Principal Bankers: Landeszentralbank Essen Financial Information:

Sales turnover net Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds 'according to new rules


RHEINSIEG EG

30.6.86' OM'OOO

28,932,200 2,575,400

685,600 360,800 360,000

80M 17.080M

2,250,000 9,829,800

Pfaffenweg 15, Postfach 308040, 5300 Bonn 3 Tel: (0228) 4090 Cable: OOngerhandel Telex: 886868

30.6.87' OM'OOO

27,155,200 2,283,200

778,700 360,300 360,000

80M 18.01DM

2,250,000 10,109,600

Management Board: H J Reidenbach, Horst Herweg, Jurgen J Kreuer

PRINCIPAL ACTIVITIES: Suppliers of fertilizers and agricultural chemicals; import and export of grain

Principal Bankers: Dresdner Bank; Deutsche Genossenscahftsbank; Westdeutsche Genossenschafts Zentralbank


Sales turnover

No of Employees: 1 00

RIEDEL-DE HAEN AG Wunstorfer Str 40, Postfach 1180, 3016 Seelze 1 Tel: (05137) 707-1 Cable: Riedelag Seelze Telex: 0921295 rdhs d Telefax: (05137) 91979

DM'OOO 320,000

Supervisory Board: Prof Dr Wolfgang Hilger (Vorsitzender), RA Christian Ruppert (stellv Vorsitzender), Horst Helmerding, Prof Dr Carl-Heinrich Krauch, Dr Heyko Linnemann, FranzFerdinand Rother

Management Board: Dr Kurt Eiglmeier, Heinz-Jurgen Grossmann, Dr Jens-Uwe Mohr

Senior Executives: Dipl.-Wirt. Klaus Ahlers, R A Ulrich Auffenberg, Dipl.-Ing. Werner Doring, Dr Walter Heyer, Oipl.Volkswirt Richard Jung, Heinz-Wilhelm Warn holtz, Guenther Kraut, Dr. Robert Neunteufel, Dr. Helmut Rau, Dr. Eugen Scholz, Karl-Emil Wohler

PRINCIPAL ACTIVITIES: Production of inorganic industrial chemicals; organic chemicals: products for pharmaceutical

industry; luminous pigments; preservatives for technical purposes; dyes and sensitising products for the photographic industry; laboratory chemicals and reagents

Trade Names: Aquanal, Biosynth, Chinosol, Fixanal, Hydranal, Lumilux, Mergal, Pina, Prosynth, Puranal, Vanirom

Parent Company: Cassella AG, Frankfurt/Main

Subsidiary Companies: Riedel-arom; Chinosolfabrik; STAMMOLUX Techn. Chemikalien GmbH

Principal Bankers: Deutsche Bank AG


31.12.86

DM'OOO

Sales turnover 345,887 Profit before tax (1) 23,242 Profit after tax 11,640 Retained profit 5,853 Dividends 3,080 Dividends per share 22.00DM Earnings per share (2) 80.00DM Share capital 14,000


(1) Net income for the year and taxes on income and property

(2) Profit realised per share according to DVFA Guidelines

Principal Shareholders: Cassella AG, Frankfurt/Main


ROCHlING, GEBR, R Wagner Str 9, Postfach 10 12 63, 6800 Mannheim 1

Tel: (0621) 4402-0

Cable: Rochling

Telex: 463165

Telefax: (0621) 4402 284

31.12.87

DM'OOO

340,009

22,059

9,063 4,643

4,620 22.00DM

55.00DM

21.000

78,255

AdviSOry Board: Kurt Wigand Frhr. von Salmuth (Vorsitzender), Dr. Kai Werner (stellv. Vorsitzender), Dr. Friedrich Wilhelm Clauser, Arthur Graf Saurma-Jeltsch, Dr. Peter Bally, Renate Schuster, Dipl.-Phys. Werner Thurmel, Georg Sigismund Frhr. von Salmuth, Dr. Jochen Mackenrodt, Dirk Zumkeller

Managing Partners: Arthur Graf Saurma-Jeltsch, Dr. Volker RusbUldt, Fred W Freese

Senior Executives: Heinz Georg Moller (Rechnungswesen, Finanzen und Personalwesen), Kurt Lauer (Planung, Investition), Dr. Bernd Michael Honle (Revision, Gesellsehaftsrecht und Steuerrecht), Rainer Gebhardt (Datenverarbeitung, Organisation), Dr. Gerd Coring (Vertragsrecht, Immobiliarrecht)

PRINCIPAL ACTIVITIES: Wholesale coal and fuel oils; building materials; plant protection products; fittings; raw materials; production of plastics for various applications; malt; sheet metal; banking interests

Subsidiary/Associated Companies: (100% owned unless stated): Roehling Eisenhandel KG; Karl Hornung KG; Rochling KG: Rochling Seehafenverkehrsgesellschaft: Rochling Haren KG: Rochling Sustaplast KG; Rochling Kaltwalzwerk KG; Rochling Metallwaren KG: Roehling'sche Treuhandgesellschaft mbH; WKP Wurttembergische Kunststoff-Plattenwerke GmbH & Co KG (25%); Roehling Mannheim GmbH; Depalor SA (75%) (France): Rochling Austria Rochling GmbH & Co KG (Austria); Rochling AG (SWitzerland); Seeber Sri (over 50%) (Italy)


Sales turnover

Shareholders funds


31.12.86 DM'OOO 883,000

122,565

31.12.87 DM'OOO 702,000

127,438

105

GERMANY ROHM, CHEMISCHE FABRIK, GMBH Kirschenallee, 61 Darmstadt

Tel: (06151) 181

Cable: rohm darmstadt

Telex: 419474-0 rd d

Board of Managing Directors: Dr Axel Rohm (Vorsitzender), Hermann Gorgen, Dr Fritz Kollinsky, Dr Karlheinz Nothnagel

PRINCIPAL ACTIVITIES: Production and sale of plasticS and special products

Trade Names: Plexiglas, Plexidur, Viscoplex, Plextol, Plexigum, Plexisol, Oropon, Rohagit, Makrolon (trade names of Bayer AG), Pectinol, Burnus, Burti

Subsidiary Companies: Burnus Ges. mbH; Rohm Ph arm a GmbH; CYRO Industries, (USA)


Sales turnover

1986

DM'OOO

1,053,000

1987

DM'OOO

1,090,000

Principal Shareholders: Rohm Family (over 50%): HULS Aktiengesellschaft


RUHR-STICKSTOFF AG Wittener Strasse 45. Postfach 102129,0-4630 Bochum

Tel: (0234) 33380

Cable: rustico Bochum

Telex: 825741 rsbo d

Telefax: (0234) 3338179

Supervisory Board: Erik T0nseth (Vorsitzender, Oslo, Norwegen), Dr Luigi Boido (stellv Vorsitzender, Brussel, Belgien), Dr Klaus Bohlhoff (Dusseldorf), Heinz Hoffmann (Embsen), Klaus Pawlak (Marl), Trygve Refvem (Oslo, Norwegen), Odd Henrik Robberstad (Oslo, Norwegen), Dr Peter Rohde (Essen), Jan Trzepacz (Brunsbuttel)

Management Board: 0 C Neverdal (Vorsitzender), W Tewes

PRINCIPAL ACTIVITIES: Sale of nitrogen products for fertilisers and technical purposes: animal feeds

Trade Names: Rustlca

Parent Company: Norsk Hydro Magnesiumgesellschaft mbH, Essen

Principal Bankers: Landeszentralbank Bochum


Sales turnover

OM'OOO

420,000

Principal Shareholders: Norsk Hydro Magnesiumgesellschaft mbH, Essen


RUHR-ZINK GMBH Wittenerstrasse 1, 0-4354 Datteln

Tel: (02363) 608-1

Telex: 8 29 743

Management Board: Dr Adolf von Ropenack (Vorsitzender), David Garner, Wolfgang Wink

PRINCIPAL ACTIVITIES: Manufacture of non-ferrous metals; acids


Sales turnover

DM'OOO

290,000

Principal Shareholders: Metallgesellschaft AG (50%); MIM Holding (Deutschland) GmbH


GERMANY RUTGERSWERKE AG Mainzer Landstr 217, Postfach 11 15 41, 0-6000 Frankfurt

(Main) 11 Tel: +49 69 75 92 488 Cable: Ruetgers Frankfurtmain Telex: 0411226 rtffm d Telefax: +49 69 75 92 488

Supervisory Board: Dr H Horn (Chairman), H Knieling (Deputy Chairman), Dr H Burgard, H Eickholt, Dr F G Erasmus, Dr J Fortmann, Dr J Jenssen, H Lobbermann, G Matuschek; Dr Ing K-D Meyer, H Munzner, M Reimann, J Sarrazin, F Weber

Management Board: Dr H-G Franck (Chairman), Dr rer nat A Knop, Dr A Magen, E Schreyger

PRINCIPAL ACTIVITIES: Bitumen and chemicals; synthetic resins and plastics; building industry

Trade Names: Bakelite, Rutapox, Rutapal, Orthophen, Pagolux, Pagette, Pag, Pagholz

Subsidiary Companies: (100% owned unless stated): VEDAG GmbH; Chemische Fabrik Weyl GmbH; Bakelite GmbH; Rutgers Plast GmbH; Caramba Chemie GmbH; Chemische Fabrik Dr Stocker GmbH; Hansit Bauchemie GmbH; ThiokolGmbH Elastische Werkstofte; Rutgers Daten-Verarbeitungsund Organisationsges. mbH (ROO); Rutgers-Treuhand GmbH; Rutgers Pagid Reibbelag GmbH; Rutgers Kureha Solvents GmbH (70%); Sudwestdeutsches Kunstharzwerk GmbH; Teerbau GmbH Bauges; Verkaufsges. fUr Teererzeugnisse (VIT) mbH (76%); BK-Benzin Kontor GmbH; Sopar Pharma GmbH; Rutgers Sopar CC SA (Belgium); Isola Werke UK Ltd (UK); Industrie Chimiche Leri SpA (Italy); Carbochimica Italiana SpA; PAG Presswerke AG; Teerbau Ges fur Strassenbau mbH; Chemische Fabrik Aubing GmbH; Ruberoid Werke AG (50%); Isola Werke AG; Teerbau GmbH; Presswerk Kongen GmbH; NV Sopar SA (Belgium); Ruetgers-Nease Chemical Co Inc (USA); Ruetgers Chemical Corp (USA)


Sales turnover Profit after tax Dividends Dividends per share Share capital


31.12.86 DM'OOO

2,971,720 29,220 20,162

8.50DM 118,600

SAARLAND RAFFINERIE GMBH Kokereistr, Postfach 102080, 6620 Volklingen Tel: (06898) 31051,31052,31053,31054,31055 Telex: 4429805

Supervisory Board: Robert Judelin Management Board: R Lenhartz Senior Executives: R Schwach, G Gross

31.12.87 DM'OOO

2,917,310 22,312 20,162

8.50DM 118,600

PRINCIPAL ACTIVITIES: Production of fuel and motor oils Parent Company: Elf GmbH Principal Bankers: Allgemeine Eisassische Bank; Banque

Nationale de Paris; Dresdner Bank; Landesbank & Girozentrale; SaarI. Kreditbank


Sales turnover


SALZGITTER AG

DM'OOO 1,000,000

Eisenhuttenstrasse 99, Postfach 41 11 29, 0-3320 Salzgitter 41 Tel: (05341 )21-1 Cable: salzgittag salzgitter 41 Telex: 954481-0 sg d Telefax: (05341) 21-2727

Supervisory Board: Dr-Ing. E.h. Gunther Sassmannshausen (Vorsitzender), Edzard Reuter (Deputy Chairman), Horst Klaus (Deputy Chairman), Walter Gruber, Gerd Muhr, Karl

106

Ackermann, Herbert Baresel, Dr Rudolf v Bennigsen-Foerder, Dr Ulrich Engelmann, Walter Hirche, Walther Kieser, Helmut Kleinschmidt, Georg Krupp, Alfons Lehrmann, Heinrich Petter, Peter Pietsch, Jochen Richert, Norbert Schmidt, Prof Dr Gunter Spur, Dr Hans Tietmeyer, Thomas Wegscheider, Dr Jurgen Westphal, Dr Otto Wolff von Amerongen

Management Board: Ernst Pieper (Vorsitzender), Maximilian Ardelt, Dr Dieter Brunke, Dr Wolf Dieter Schmitt, Dr Hansgeorg Schmitz-Eckert, Kurt Stahler

PRINCIPAL ACTIVITIES: Iron and steel production and processing; steel trading and transport; ship-building; communications, instrumentation and control; railway rolling stock construction; conveyor and systems engineering; building and allied services; components; industrial plant; oil and gas production

Subsidiary Companies (100% owned unless stated): Consolidated: Ahlener Stahlhandel GmbH; von BerenbergGossler & Co + E. Aug. Knoop & H. Bauch GmbH; Berenberg-Gossler & Dreher GmbH; Bergmannswohnungsgesellschaft mbH; Bergmannswohnungsverwaltungsgesellschaft mbH & Co KG Peine (95%); Ernst Biskupek GmbH (60%); Ernst Biskupek GmbH & Co KG Aluminium-Schmelzwerk-Metallhandel (60%); Ernst Biskupek GmbH & Co KG Schrottbetrieb (60%); Burneleit Speditions-GmbH; DEUMU Deutsche Erz-und Metall-Union GmbH; Deutsche Schachtbau-und Tiefbohrgesellschaft mbH; Ewald-Markische Beteiligungs-und Verwaltungsgesellschaft mbH; Ewald-Markische GmbH & Co GrundstOcksverwaltung-KG Recklinghausen (95%); FELSWERKE GmbH; Feuchter GmbH; Fixmassblech GmbH; "Gluckauf" Wohnungsgesellschaft mbH; GrundstOcksverwaltungsgeselischaft mbH Gut Gebhardshagen; Grundstucksverwaltungsgesellschaft mbH Nortenhof; GSM GrundstOcksverwaltung "Siedlung Maximilian" Beteiligungs-GmbH; GSM GrundstOcksverwaltung "Siedlung Maximilian" GmbH & Co Verkaufs-KG (95%); GVG Grundstucksverwaltungsgesellschaft mbH Gut Gebhardshagen & Co KG (95%); GVN GrundstOcksverwaltungsgeselischaft mbH Nortenhof & Co KG (95%); HAGENUK GmbH; HAGENUK Vertriebs-u. Servicegesellschaft mbH; HDW-Isoliertechnik GmbH; HDWNobiskrug GmbH (51%); Howaldtswerke-Deutsche Werft AG (74.9%); IIseder Wohnungsgesellschaft mbH (95%); IIseder Wohnungsverwaltungsgesellschaft mbH & Co KG (95%); KERMI GmbH; Kloth-Senking Metallgiesserei GmbH; KRC Umwelttechnik GmbH; LGA Gastechnik GmbH (90%); LinkeHofmann-Busch Waggon-Fahrzeug-Maschinen GmbH; NIS Norddeutsche Informations-Systeme GmbH (66.7%); Noell GmbH; Dr. C. Otto Feuerfest GmbH; Peiner Agrar-und Brennstoffhandel GmbH; PEINER Hebe-und Transportsysteme GmbH; Peiner Stahlexport GmbH; Peiner Umformtechnik GmbH; Peiner Wohnungsgesellschaft mbH; Peiner Wohnungsverwaltungsgesellschaft mbH & Co KG (95%); PM Peiner Maschinen GmbH; PSB General Contractor GmbH Generalunternehmer fUr Bauleistungen (Langenhagen); SALMAX Gesellschaft fUr oberflachenveredelte Feinbleche mbH (51%); Salzgitter Consult GmbH; Salzgitter Elektronik GmbH (74.9%); Salzgitter Erzbergbau Vermogensverwaltungsgesellschaft mbH; Salzgitter Erzbergbau Vermogensverwaltungsgesellschaft mbH & Co ERZ Anlagen KG; Salzgitter Huttenwerk AG; Salzgitter Industriebau GmbH; Salzgitter Kocks GmbH; Salzgitter Lummus GmbH (51%); Salzgitter Maschinenbau GmbH (54.3%); Salzgitter-Pyrolyse GmbH; Salzgitter Stahl GmbH; Salzgitter Versicherungsdienst GmbH; Scharfenbergkupplung GmbH; Schedler Stahlhandel GmbH; Schiffsbeteiligungsgesellschaft Nautik mbH; Schulte-MullerDOG GmbH (95%); Stahlhandel Peine-Salzgitter GmbH (Berlin); Stahlhandel Peine-Salzgitter GmbH (Furth); Stahlhandel Peine-Salzgitter GmbH (Glad beck); Stahl handel Peine-Salzgitter GmbH (Hamburg); Stahlhandel PeineSalzgitter GmbH (Hanover); Stahlhandel Peine-Salzgitter GmbH (Mannheim); Stahlwerke Peine-Salzgitter AG (99.46%);

Dr Alois Stankiewicz GmbH; Dr. Alois Stankiewicz Schallschluck GmbH; Dr. Alois Stankiewicz Schallschluck GmbH & Co KG; SWG StahlarbeiterWohnungsverwaltungsgesellschaft mbH & Co KG; SWKG Stahlarbeiter-Wohnungsverwaltungsgesellschaft mbH & Co KG (95%); telcat Gesellschaft fur Telekommunikation und Catering mbH; TURMAG Turbo-Maschinen-AG Nusse & Grafer (50.2%); Verkehrsbetriebe Peine-Salzgitter GmbH; WINTRANS GmbH; Wolf Klimatechnik GmbH (99.8%)

Principal Bankers: Deutsche Bank; Dresdner Bank; Commerzbank; Nord LB; LZB; Bank fUr Gemeinwirtschaft; Westfalenbank

Financial Information: Consolidated Companies

30.9.86

DM 'OOO

Group sales turnover 11,054,805

Gross profit 3,546,526

Net income 60,765

Consolidated balance profit


Shareholders funds 1,504,000

Principal Shareholders: German state (100%)


SAUERSTOFFWERK WESTFALEN AG See WESTFALEN, SAUERSTOFFWERK, AG

SCHERING AG Mullerstr 170-178, Postfach 650311 , 0-1000 Berlin 65

Tel: (030) 468-1

Cable: Scheringchemie Berlin

Telex: 182030 schb d

30.9.87

DM'OOO

9,909,629

3,416,482

65,312

78,000

425,000

1,607,000

Supervisory Board: K Subjetzki (Chairman), G Pattusch (Deputy Chairman)

Management Board: Dr Herbert Asmis, Dr Christian Bruhn, Dr Heinz Hannse, Horst Kramp, Prof Dr Klaus Pohle, Dr Horst Witzel , Dr Hubertus Evlen, Dr Giuseppe Vita (Alternate)

PRINCIPAL ACTIVITIES: Manufacture and trade in chemical products of all types, particularly medicaments, pharmaceutical and intermediate products for human and veterinary applications; agrochemicals, plant protection; industrial chemicals and plastics, paints and aSSOCiated products; machinery, installations and technical equipment for the testing, preparation and application of the above products and accessories from them; galvanising and chemical processes for surface treatment

Subsidiary Companies: Schering AG has numerous subsidiaries worldwide including Asche AG; CHEBAG Beteiligungs-AG; Chemiewerk "Curtius" Verwaltungsgesellschaft mbH; FCM Unternehmensverwaltungs-AG including Diamalt AG; Germapharm GmbH, Import Export Spedition ; REWO Chemische Werke GmbH; Scherax Arzneimittel GmbH; NV Schering SA (Belgium); Schering A/S (Denmark); Schering SA (France); Schering Holdings Ltd (Jersey/UK); Schering SpA (Italy); Schering AAgrunol BV (Netherlands); Schering Netherlands BV (Netherlands); Schering International Finance Netherlands); Schering Wien Ges mbH (Austria); Schering Zurich AG (Switzerland); Schering Espana SA (Spain); ASAG Inc (USA); Schering Argentina SAIC (Argentina); Berlimed Ltda (Brazil); Industrias Farmaceuticas Alemanas SA INFARMA (Ecuador); Quimica Schering Colombiana SA (Colombia): Schering Mexicana SA (Mexico); Productos Quimicos Naturales SA (Mexico): PT Schering Indonesia (Indonesia); Nihon Schering KK (Japan); Schering Pty Ltd (Australia); Berlimed (Pty) Ltd (South Africa); FBC Holdings (Pty) Ltd (South Africa)

107


31 .12.86

DM'OOO

Sales turnover 4,661 ,577


Dividends 68,000

Dividends per share 120M


No of Employees: Schering AG 10,881, Group 23,880

SCHOTT GLASWERKE Hattenbergstrasse 10, Postfach 2480, 6500 Mainz

Tel: (06131)66-0

Cable: Glaswerk Mainz

Telex: 4187920 sm d

Telefax: (06131) 66-2000

31 .12.87

DM 'OOO

4,701,390

144,377

67,920

120M

283,001

Management Board: Wolfgang Adolphs (Finan zen Recht), Dr Gunter Carnap (Controlling, Personal), Dr Heinrich J Klein (Marketing, Vertrieb und Auslandsbeziehungen , Vorstandssprecher), Dipl-Phys Erich Schuster (Produktion und Technik)

Senior Executives: Dr Jurgen Petzoldt, Helmut Fahlbusch , Dr Hans Georg Ritt , Dr Peter Schott

PRINCIPAL ACTIVITIES: Special glass and glass ceramiCS for scientific and technical applications and for electrical and electronic engineering, household products, optical and precision engineering , chemical and pharmaceutical industries and building industries. Complete systems and solutions for a variety of problems. 50,000 different products.

Trade Names: Boresist, Calorex, Ceran , Duran, Foturan, Irox, Maxos, Pyran, Schottglas, Tempax, Thermax, Zerodur

Sister Company: Carl-Zeiss, Oberkochen

Subsidiary Companies: Germany: Auer-SOG Glaswerke GmbH; Bremthaler Quarzitwerk GmbH; Deutsche Spezialglas AG (DESAG); Glaskontor Mullheim GmbH; Dr Genthe GmbH u. Co KG; Glaswerk Wertheim GmbH; K T Kunststofftechnik GmbH; MEDICA GmbH; Richter Chemie-Technik GmbH; Schott-Gerate GmbH; Schott-Ruhrglas GmbH; Schott-ZwieselGlaswerke AG; Ludwig Breit Wiesenthalhutte GmbH. USA: 0-1 Schott Process Systems Inc; Schott Zwiesel Glass Inc; Schott America Glass & Scientific Products Inc; Schott Electronics Inc; Schott Fiber Optics Inc; Schott Glass Technologies Inc; Great Lakes Instruments Inc; Schott Corporation. Spain: Alevi SA; Schott Iberica SA. Belgium; Schott Belgilux Sprl; Amphabel SA. Switzerland; Schott-Schleiffer AG. Sweden: Schott-Serving AB . UK: Schott Glass Ltd; Schott-Kem Ltd; Schott Process Plant Ltd; Schott Industrial Glass Ltd . France: Schott France SARL; La Verrerie Medicale Sari; SFAM Societe Fran9aise d'Ampoules Mecaniques Sari; Moderne Mecanique SA; SOFAM Societe de Fabrication d'Ampoules Mecaniques du Sud-Ouest Sari; VTF Industries SARL. Austria: Schott Austria. Netherlands: Schott Nederland BV. Argentina: Schott Argentina SA. Brazil: Industria e Comercio SA; Vitrosul Industria e Comercio de Vidros SA; Schottbras Industria de Vidros Ltda; Minera980 Omega Ltda; Vitrofarma Ind e Comercio de Vidros SA. Columbia: Schott Colombiana SA. Uruguay: Schott Uruguaya SA. Japan: Schott Nippon KK. Malaysia: Schott Glass (Malaysia) SON SHD. Singapore: Schott-Glass Singapore Pte Ltd . Australia: Schott Garsco Pty Ltd. New Zealand : Schott Garsco Pty Ltd

Principal Bankers: Commerzbank AG; Deutsche Bank AG; Dresdner Bank AG; Landesbank Rheinland-Pfalz


Group turnover worldwide

Group turnover Germany

30.9.86

DM 'OOO 1,756,000

1,470,000

No of Employees: 11,800 Group Germany

30.9.87

DM 'OOO

1,821 ,000

1,501 ,000

GERMANY SCHWELMER EISENWERK MULLER & CO GMBH Loher Str 1, 5830 Schwelm Tel: 02336-809-1 Cable: Eisenwerk Muller Telex: 8239751 sew d Telefax: 02336-809222

Management Board: Dr Hans H Asmus (Vorsitzender), Direktor Rolf P Rosenthal, Dr-Ing E h Heinz Schippers, Dr Lothar Albano-Muller

Senior Executives: Dr A Albano-Muller, Gerd Berker

PRINCIPAL ACTIVITIES: Electronic and hydraulic equipment for petrol stations, airport installations and refuellers, glass-lined reactors, zyklos mixers, vending machines, loading technology

Trade Names: Schwelm, Zyklos, Wiese Subsidiary Companies: Schwelm Verwaltungs GmbH; Schwelm

Tanksysteme GmbH; Schwelm Fahrzeugbau GmbH; Schwelm Anlagen & Apparate GmbH; Zyklos Maschinenbau GmbH; Schwelmer Eisenwerk Muller & Co Tankwagenbau Sud GmbH; Schwelmer Eisenwerk Vertriebs- und Kundendienst GmbH; A H Bokemeyer GmbH & Co KG; M K Winckler GmbH; Sachs & Co GmbH; Schwelm-Stager Tankgeratebau Ges mbH (Austria); Petroleo Mecanica Alfa SARL (Portugal)


Sales turnover

1986 DM'OOO 140,000

Principal Shareholders: Albano-Muller Family No of Employees: 980

SIGRI GMBH

1987 DM'OOO 150,000

Werner-von-Siemens-Str. 18, Postfach 1160, D-8901 Meitingen Tel: (08271 )83-0 Cable: SIGRI MEITINGEN Telex: 53823 sigri d Telefax: (08271) 83-3127

Supervisory Board: Prof Dr Heinz Harnisch (Vorsitzender), Franz Schaffer (stellv. Vorsitzender), Dr Karl-Hermann Baumann, Karl Beusch, Jurgen Dormann, Dr Albrecht Engelmann, Prof Dr Heinz-Gerhard Franck, Wilhelm Kolvenbach, Heinz Muhring, Karl-Heinz Schneider, Heinz Schroth, Dr Otto J Vohler

Management Board: Dr Gerhard Rose (Vorsitzender), Peter U Blum, Dr Werner Freund

PRINCIPAL ACTIVITIES: Manufacture and sale of carbon and graphite products

Subsidiary Companies: Ringsdorff-Werke; SIGRI Kohlefabrikate GmbH; Elettrocarbonium SpA (Italy); Elektrodenwerk Steeg Ges mbH & Co (Austria); Harnosands Grafit AB (Sweden); Mecarbo AG (Switzerland); SIGRI Corporation (USA); SIGRI Carbon Corporation (USA)


Sales turnover (Loss) before tax (Loss) after tax Retained profit (loss) Share capital Shareholders funds

31.12.86 DM'OOO

1,221,000 (31,100) (34,300)

1,000 115,000 415,800

PrinCipal Shareholders: Hoechst AG; Plania Beteiligungsgesellschaft mbH


SKW TROSTBERG AG

31.12.87 DM'OOO

1,034,600 (51,900) (46,600) (26,000) 115,000 346,400

Dr.-Albert-Frank-Str. 32, Postfach 1262, D-8223 Trostberg Tel: (08621)86-1 Cable: SKW Trostberg Telex: 563129-0 sk d Telefax: (08621) 2911

108

Supervisory Board: Dr Werner Lamby (Chairman, Bonn-Bad Godesberg), Andreas Hausner (Deputy Chairman, Trostberg), Dr Rudolf Escherich (St. Augustin/Sieg), Dr Ulrich Kellner (Wachtberg-Pech), Prof Dr Carl Heinrich Krauch (Recklinghausen), Dr Rudolf Machenschalk (Reutle/T), Adolf May (Trostberg), Peter Obergrobner (Garching/Alz), Horst Pfannenstein (Trostberg), Dr Elmar Prasch (Feldafing), Siegfried Richter (Neuotting), Eckard Ruhnke (Aichach)

Management Board: Dr Alfred Pfeiffer (Chairman), Dr Herbert Knahl, Dieter Poech, Dr Heinrich Rock, Dr Hans-Peter Jasper (Executive Vice President), Klaus-Jurgen Schulz (Executive Vice President)

Senior Executives: Max Baumgartner, Dr Erwin Bohm, Dr Rudiger Braun, Eike-Friedrich Bunk, Dr Werner Gmohling, Heinz Hecht, Dr Christoph Kemmann, Dr Erhard Kreutz, Dr Rainer Lihotzky, Adolf May, Dr Horst Michaud, Dieter Moll, Meinolf Pousset, Dr Horst Prietzel, Berthold Scheffler, Dr Kurt Scheinost, Artur Scholz, Georg Schussmuller, Dr Rudiger Vollbrecht, Rudolf Weber, Dr Klaus Winter, Wolfgang Wirtenberger

PRINCIPAL ACTIVITIES: Chemical Division: Marketing Division Agriculture; Marketing Division Natural Substances; Marketing Division Industrial and Fine Chemicals; Marketing Division Building Chemicals; Metallurgical Division

Trade Names: Alzodef, Alzodin, Alzogur, Alzohum, Alzon, Casilur, Didin, Fesilur, Humona, Jurakorn, Kornka, Lord, Melcret, Melflam, Melflock, Melment, Melmix, Melpers, Nettolin, Perlka, Polydrill, Silzot, Vollhumon, Orgadur, Orgamin, Orga-NPK, Orga-VIT, Orgahum, Orgabiol, OrgaROn

Major Subsidiary Companies: (100% owned unless stated): Chemical Division: SKW Chemicals Inc (USA); SKW Italia Sri (Italy); SKW East Asia Ltd (75%) (Japan); SKW Chemie Technik GmbH; Extracts of Natural Substances:- HEGHopfenextraktion GmbH (70%); Building Chemicals: PCI Polychemie GmbH Augsburg; BWK Krieglach Bauwerkstoffe GesmbH (Austria); Bettor SA (Spain); Nordisk Bygge Kemi A/S (Denmark); Yapkim Yapi Kimya Sanayi AS (50%) (Turkey). Metallurgical Division: Stoll berg GmbH (50%); FLG Metallurgie GmbH (60%); Murex Ltd (UK); Anglo Blackwells Ltd (UK). SKW Alloys Inc (USA) and its subsidiary-SKW Metals and Alloys Inc (USA). SKW Canada Inc (85%) (Canada); SKW East Asia Ltd (75%) (Japan)

Principal Bankers: Deutsche Bk, Bayer. Raiffeisen-Zentralbk, BHF-Bk, Bayer. Vereinsbk, Dresdner Bk, Spark, Volksbk


Group sales turnover Sales turnover· Profit after tax· Retained profit· Share capital· ·Parent Company

Principal Shareholders: VIAG 100%

31.12.86 DM'OOO

1,171,000 540,000

16,700 11,200 80,000

31.12.87 DM'OOO

1,223,000 553,000

17,800 11,200 80,000

No of Employees: 2,296 (SKW Trostberg AG), 4,111 (SKW Group)

STEINMULLER, L & C, GMBH Postfach 100855/100865, D-5270 Gummersbach 1 Tel: (02261) 85-0 Cable: Steinmuller Telex: 884551-0 sgd Telefax: (02261) 852999

Management Board: Dipl-Ing Fritz Adrian, Dipl-Ing Lothar G Freitag (Deputy), Dr-Ing Sigfrid Michelfelder, Dipl-Ing Dr rer pol Peter Sircoulumb

Senior Executives: Dr-Ing Gunther v.d. Kammer (Power Engineering), Dr-Ing Gunter Keintzel (Process Engineering), Dr Helmut Voos (Environment Protection)

PRINCIPAL ACTIVITIES: Energy technology; process engineering; environmental engineering

Parent Company: Steinmuller Verwaltungs Gesellschaft mbH European Subsidiary Companies: Hugo Petersen GmbH & Co

KG; Steka Oy, Finland and another in South Africa Principal Bankers: Landeszentralbank; Deutsche Bank;

Dresdner Bank; Commerzbank Financial Information:

Sales turnover


STINNES AG

OM'OOO 630,000

Humboldtring 15, PO Box 10 1954, 4330 Mulheim/Ruhr 12 Tel: (0208) 494-0 Telex: 856200

Supervisory Board: Dr Ing E h Heinz P Kemper (Honorary Chairman), Rudolf v Bennigsen-Foerder (Chairman), Gunter Vogel (Vice Chairman), Eike Berg, Peter Berkessel, Gerd Beyer, Rolf Diel, Hans L Ewaldsen, Wolfgang Herms, Hans Jokob Kruse, Dagobert Millinghaus, Hermann Josef Russe, Fridolin Selig, Prof Dr Waldemar Schreckenberger, Prof Dr Matthias Seefelder, Hubert Windheuser, Dr Herbert Zapp

Management Board: Dr Hans Jurgen Knauer (Chairman), Dr Ulrich Brennberger, Hermann vom Bruck, Dr Gerhard Frey, Dr Udo v. Klot-Heydenfeldt, Norbert GRing, 0 Horst H Siedentopf, Dr Bernd Malmstrom (Deputy)

PRINCIPAL ACTIVITIES: International coal trade; international oil trade; international chemicals trade; international trade in raw materials; international steel trade; building materials trade; building marts; trade and service in tyres; technical products trade; freight forwarding/warehousing/transportation; inland shipping; ocean shipping; seaports; services; logistics

Parent Company: VEBA AG, Dusseldorf Subsidiary Companies: Stinnes Intercarbon AG & Co; Stinnes

Intercoal GmbH; HCM Intercoal GmbH Import, Export, Transit; IKO Industriekohle GmbH & Co KG; Stinnes International AG (Switzerland); G Harbottle & Co Ltd (UK); Stinnes Intercarbon BV (Netherlands); Intercarbon Espana SA (Spain); Inter Carbon (Pty) Ltd (South Africa); Stinnes Coal Company (USA); Stinnes Intercoal Pte Ltd (Singapore); Stinnes Intercoal Australia Pty Ltd (Australia); Agenzia Carboni Sri (Italy); Stinnes Intercarbon do Brazil (Brazil); Stinnes Interoil AG; Stinnes Bunker GmbH; VTG Paktank Hamburg GmbH; Stinnes Interoil Inc (USA); Stinnes Interoil AG (Switzerland); Stinnes Interoil France Sari (France); Stinnes Interoil Italia Sri (Italy); BRENNTAG AG & Co; Industick GmbH; Chemische Fabrik Lehrte Dr. Andreas Kossel GmbH; SOddeutsche Chemische Werke GmbH; RCN Recycling-Chemie Niederrhein GmbH; EMESCO Chemikalien GmbH; Harry Jacob KG; Brenntag INTERCHEM GmbH; OSM ChemieVerkaufsgesellschaft mbH; Chemische Fabrik Hinrich Tietjen; Stinnes Mineralolhandel GmbH; Rex-Handelsgesellschaft Schulte-Frohlinde GmbH & Co KG; BRENNTAG Mineraloel GmbH & Co; STINNES AGRARCHEMIE GMBH; BRENNTAG (UK) Ltd (UK); NV BRENNTAG-MARCOUX SA (Belgium); RK Chimie SA (France); BRENNT AG AUSTRIA Ges mbH (Austria); CIC Toscopetrol SpA (Italy); BRENNTAG PortugalProdutos Quimicos Lda (Spain); Nederlandsche Benzol Maatschappij BV (Netherlands); BV V/H L J Volkers (Netherlands); SOCO CHEMICAL INC (USA); Textile Chemical Co Inc (USA); SOCO-Western Chemical Corp (USA); Delta Distributors Inc (USA); Brenntag INTERCHEM Inc (USA); M+ T Chemicals (Pty) Ltd (USA); BRENNTAG Japan Ltd (Japan); BRENNTAG Taiwan Co Ltd (Taiwan); BRENNTAG Hongkong Ltd (Hong Kong); Frank & Schulte Rohstoff GmbH & Co; Frank & Schulte GmbH; Frank & Dieckmann GmbH; Ferrocarbon GmbH; Hugo SchOhle & Co GmbH & Co KG; Frank & Schulte Zug AG (Switzerland); Frank & Schulte France SARL (France); Frank & Schulte in Austria Ges mbH (Austria); Fergusson, Wild & Co Ltd (UK); GORICON International Ltd (UK); F+S Alloys and Minerals Corp (USA); Miller and Company (USA); Stinnes Interfer GmbH; Walter

109

GERMANY Patz OHG; STAHLEX GmbH; Stinnes, Montanhandel GmbH & Co KG; Stinnes Stahlhandel GmbH; Hol/inde & Soudon GmbH; Stinnes Rohrunion GmbH; Stinnes Steel AG (Switzerland); STEELINTER (USA) Inc (USA); Stinnes-Trefz AG & Co; Jakob Trefz & SOhne; Baustoff-Union GmbH & Co KG; "Vaubeka" Brenn- u. Baustoff-GmbH; Stinnes Warmetechnik GmbH; ROhling-Gas GmbH; Hermann Leist GmbH & Co KG; KKKK A/S (Denmark); Maechler Freres SA (France); Stinnes BauMarkt AG; Stinnes BauMarkt GmbH; SB-Baustoffvertrieb GmbH; Stinnes BauMarkt Verwaltungsges mbH; Stinnes-Reifendienst GmbH; Stinnes Technohandel GmbH; Inter-Union Technohandel GmbH; BATAVIA M Sawatzky GmbH; Electronic Handel KG; Tegro AG (Switzerland); RHENUS AG; Gebr. Welchelt Internationale Spedition GmbH & Co; RHENUS AIR TRANSPORT GmbH; IMPEX Spedition Braunagel GmbH; Bayerischer Lloyd AG; UNION Schiff-fahrts und Lagerhausgesel/schaft mbH; Trierer Umschlags- und LagerhausgeseHschaft mbH & Co KG; Emder Verkehrs-Gesellschaft AG; RHENUS-KLEYLING Speditions GmbH & Co KG; Emder Lagerhaus-Gesellschaft mbH; Mindener Lagerhaus-Gesellschaft mbH; Osnabrucker Lagerhausgesellschaft mbH; RHENUS Mainzer GeseUschaft fUr Spedition und Lagerei mbH; RHENUS Speclitions GmbH; DENESUH Deutsch-Niederlandische Schiffahrts- und Handels GmbH; POL TRANS Internationaie Speditionsgesellschaft mbH; H Chr Petersen GmbH; Figdor KG; Ems-Schlepper AG; Emder SchiffsausrOstungs GmbH; Th Kayser & Co GmbH; UNION-BAUSTOFF-HANDEL GmbH; IHAGE Industrieentsorgungs- und Handelsgesellschaft mbH; Danubia-Baustoff-GmbH; KOLAG Koblenzer Lagerhaus- und Speditionsgesellscnaft mbH; G Scharrer GmbH; Cargotrans Umscnlags- u. Sped.-GmbH; NORTRANS Speditions-ges mbH; Wilhelm Gruner GmbH; DlM Oonau-Lloyd-Mat GmbH; Herbert Keller GmbH & Co; Werftunion GmbH & Co; Arminiuswerft GmbH; Schiffswerft und Maschinenfabrik Cassens GmbH; Weserwerft Minden GmbH; Gertrud Schneider & Co GmbH; GIR Ges fOr die Verwertung industrieller Reststoffe mbH; Weser Transport- und Speditions GmbH; TRANSPORTS MONDIAUX SA (France); JULES ROY SA (France); "Nancyport" Societe d'Exploitation du Port de Frouard SA (France); Portlux SA (Luxembourg); "RHENUS" Aktiengesellschaft fOr Schiffahrt und Spedition (Switzerland); "Oberrhein" Reederei und Kohlenhandels AG (Switzerland); Satram Stahl AG (Switzerland); Transport Maatschappij RHENUS-WESTFALIA BV (Netherlands); EXPEO Holland BV (Netherlands); NEWEXCO BV (Netherlands); SPOORHAVEN STEVEDORING & WAREHOUSING BV (Netherlands); RHENUS-BELGIUM NV (Belgium); BISCHOF Ges mbH (Austria); RHENUS BELLAS EPE (Greece); RHENUS Transport International Corp (USA); RHENUS Transport International Ltd (Canada); RHENUS-ASAS Transportes Internacionais Ltda (Brazil); RHENUS OrganizaciOn de Transportes Transatlanticos SA de CV; RHENUS Transport Pty Ltd (Australia); RHENUS Transport International ltd (Hong Kong); RHENUS Transport (Singapore) Pte Ltd (Singapore); RHENUS Transport Ltd (South Africa); Stinnes Reederei AG & Co; Reederei Jaegers GmbH & Co; CCS Combined Container Service GmbH & Co KG; Poseidon Schiffahrt GmbH; Poseidon Schiffahrt OHG; Frachtkontor Finnland OHG; Frachtcontor Junge & Co; Ferrostaal-Poseidon Bulk Reederei GmbH; VEBA POSEIDON SCHIFFAHFlT GmbH; Poseidon-Container-Transport GmbH; Frisia Handels-und Transport GmbH; Emstank GmbH; Ahlers NV (Belgium); Ahlers Agency NV (Belgium); Ahlers Shipping NV (Belgium); Ahlers lines NV (Belgium); Belrepair NV (Belgium); Assupar NV (Belgium); PCT CONTAINER TRANSPORT ltd (Hong Kong); "Midgard" Deutsche Seeverkehrs AG; WUG Wilhelmshav. Umschags-und Verkehrsges mbH & Co; STINNES BAUPARTNER GmbH; Hotel Nassauer Hot GmbH; Hamburger Hot GmbH & Co Assekuranz-Vermittlung; Hamburger Hof Versicherungs AG; Junge & Co Versichefungsmakler GmbH; STINNES-dataSERVICE GmbH; Stiflnes-Organisationsberatung GmbH;

GERMANY Stinnes Corporation (USA); Precision National Plating Services Inc (USA)


Sales turnover Profit after tax" Shareholders equity "before profit transfer to

VEBA AG

31.12.86 DM'OOO

12,192,600 93,000

781 ,500

31.12.87 DM'OOO

12,768,400 97,300

753,200

Principal Shareholders: VEBA AG, Dusseldorf (99.6%) No of Employees: 17,859

SUDCHEMIE AG Lenbachplatz 6, 0-8000 Munchen 2 Tel: (089) 5110-0 Telex: 523872

Management Board: Dr K Wamsler (Vors), Dr C E Hofstadt, M Sepp, Dr G Paul, Dr M Schneider


Sales turnover


SUMITOMO DEUTSCHLAND GMBH Georg-Glock-Str 14, 4000 Dusseldorf 30 Tel: (0211) 45 70-0 Cable: Sumitomo-Duesseldorf Telex: 8584119 sum d Telefax: 0211-45 41 501

DM'OOO 350,000

Management Board: Shiroshi Yamada (President), Yukiyoshi Kato

PRINCIPAL ACTIVITIES: Import and export of a wide range of goods including electrical plant, heavy machinery, construction machinery, steel products, non-ferrous products and chemical products

Parent Company: Sumitomo Corporation, Tokyo, Japan (100%) Subsidiary Companies: Sumitomo Deutschland GmbH (Munchen

Office) Principal Bankers: The Sumitomo Bank Ltd; The Bank of Tokyo

Ltd; Deutsche Bank AG

No of Employees: 55

TECHNO ARBED DEUTSCHLAND GMBH Postfach 477, 0-6600 Saarbrucken Tel: (06898) 10-1 Telex: 442411-44

Management Board: Dr K SandhOfer, H Theis, W Wenzel

PRINCIPAL ACTIVITIES: Manufacture of steel and chemicals Financial Information:

Sales turnover


TH GOLDSCHMIDT AG See GOLDSCHMIDT, TH, AG

THOMAE, DR KARL, GMBH

DM'OOO 180,000

Postfach 1755, Birkendorferstr 65, 0-7950 Biberach 1 Tel: (07351) 540 Cable: Thomae Biberachriss Telex: 71834-0 tho d Telefax: 735130

Supervisory Board: Hubertus Liebrecht (Chairman) Management Board: Dr Heinz Ried (Chairman), Dr Karl

Konigsdorfer, Prof Dr Hans Machleidt, Klaus Purckhauer

110

PRINCIPAL ACTIVITIES: Research, manufacture and sale of chemical-pharmaceutical special products

Trade Names: Alfason, Asasantin, Auxiloson, Bisolvonat, Fordiuran, Froben, Fucidine, Gaviscon, Glurenorm, Katovit, Adumbran, Bisolvon, Dulcolax, Gastrozepin, Persantin, Rhinospray, Silomat, Thomapyrin, Mucosolvan, Oracef, Spiropent etc

Parent Company: C H Boehringer Sohn, Ingelheim/Rhein Subsidiary Companies: Basotherm GmbH (Biberach) Principal Bankers: Deutsche Bank; Kreissparkasse Biberach;

Volksbank Biberach Financial Information:



THOMASDUNGER GMBH Schadowstr 42, Postfach 9220, 4000 Dusseldorf 1 Tel: (0211) 1696-0 Telex: 8582615 thd d Telefax: (0211) 1696-222

Management Board: Dr G Weitz, Hans-J Hahn, Dr J Dornbusch Senior Executives: Frh H von Uckermann, H Wischke, H-D

Rudolph Antons

PRINCIPAL ACTIVITIES: Sale of fertilisers Trade Names: Thomasphosphat, Thomaskali , Thomasphosphat

Kali, Thomaskalk Principal Bankers: Commerzbank AG; Deutsche Bank AG;

Dresdner Bank AG

Principal Shareholders: Thyssen Stahl AG; Hoesch Stahl AG; Kali und Salz AG; Saarstahl Volklingen GmbH

No of Employees: 70

THYSSEN RHEINSTAHL TECHNIK GMBH Konigsallee 106, 0-4000 Dusseldorf Tel: (0211) 8330 Cable: Thyssentechnik Telex: 858 997-0 tr-d Fax: (0211) 833-2930

Management Board: H Brenke, A Jacobitz, Dr W Sandermann, Dr F Schmidt, Dr Peter Wiede

PRINCIPAL ACTIVITIES: Design, supply and erection of turnkey industrial plants of all kinds, construction of harbours and shipyards, water and sewage treatment, turnkey construction projects, agro-industry

Parent Company: Thyssen AG Subsidiary Companies: Thyssen Technic Arabia (Saudi Arabia) Principal Bankers: All Major Banks Financial Information:

Sales turnover


UHDE GMBH

30.9.86 DM'OOO 721,000

Friedrich-Uhde-Strasse 15,4600 Dortmund 1 Tel: (0231) 547-0 Cable: uhde dortmund Telex: 822841-0 ud d Telefax: 547 28 29 (Gr 3); 547 30 32 (Gr 3)

Supervisory Board: Dr-Ing Ernst Schadow (Chairman),

30.9.87 DM'OOO 955,000

"Engelbert Kleschin (Vice Chairman), "Dipl-Ing Karl Eisenacher, "Dipl-Ing Gregor Fabianek, Dr rer nat Hans-Georg Janson, Dipl-Kfm Justus Mische, "Dipl-Ing Arfast Mummy, "Gisbert Oelschlager, Uwe-Jens Thomsen, Dipl-Ing Hans Uhde, "Dipl-Kfm Richard Weigmann, "Arnold Wiegelmann, "elected by the personnel

Executive Board: Prof Dr-Ing Lothar Jaeschke (President), Dieter Ansorge, Dipl-Ing Gunther Hillmann, Dipl-Ing Franz Langehenke, Dr-Ing Peter Meurer, Dr-Ing Bernd Strasser

Directors: Hr Meynen (Legal and Insurance Division), Hr Tonnesmann (Technical Division XI). Divisional Directors: Hr Borggrafe (Commercial Division 1), Hr Eisenacher (Offsites and Special Equipment), Dr Kramer (Technical Division XV), Hr Leithe (Commercial Division II), Hr Malten (Material Management), Hr Strauch (Hagen Factory), Hr Weyrich (Technical Division III), Hr Windmoller (Civil Engineering and Construction). Departmental and Sales Directors: Hr Armbruster (Technical Division IV), Hr Friedemann (Technical Division V), Hr Hastedt (Pers, Commercial Dept, Bad Soden), Hr Karsch (Technical Division 1), Hr Klimpke (Sales), Hr Korner (Sales, Hagen Factory), Hr Meurer (Commercial Project Execution), Hr Michaelsen (Sales), Hr Schneiders (Technical Division VI), Hr Stemmann (Personnel Division and Office Services), Dr Thiemann (Technical Division II), Dr Wurzbacher (Process Engineering Development, Patents)

PRINCIPAL ACTIVITIES: Design and construction of chemical and other industrial plants

Parent Company: Hoechst AG (100%)

Subsidiary Companies: Uhde Services and Consulting GmbH: Uhde Anlagenbau GmbH: Uhde SA (France): Hoechst-Uhde Corporation (USA): Uhde Ltd (UK) Uhde (Pty) Ltd (South Africa): Inter-Uhde Engenharia Quimica Ltda (Brazil): Mavi Uhde Maquinas Vibratorias Ltda (Brazil): Uhde India Ltd (India): Grupo Uhde Mexico SA de CV (Mexico): Uhde GmbH, Werke Hagen: Uhde Italiana Sri (Italy) and offices in Melbourne, Moscow, Riyadh, Beijing and Jakarta

Principal Bankers: Commerzbank AG: Deutsche Bank AG; Dresdner Bank AG: Westdeutsche Landesbank


31.12.86 31.12.87

DM'OOO DM'OOO

Sales turnover net

Profit*

546,573 311,900

Share capital

*transferred according to the profit transfer agreement


UNICHEMA CHEMIE GMBH Steintor 9, 0-4240 Emmerich

Tel: (02822) 720

Telex: 08125113

23,322 30,830

75,000 75,000

Management Board: Dr Eugen Schmulling, Joor de Bruyn, Hans Borst, Hans-Gunther Schroen

PRINCIPAL ACTIVITIES: Manufacture of industrial and speciality chemicals

Parent Company: Unilever NV, Netherlands

Principal Bankers: Commerzbank: Deutsche Bank


Sales turnover


DM'OOO

500,000

UNION CARBIDE DEUTSCHLAND GMBH Moersenbroicher Weg 200, D-4000 Dusseldorf 30

Tel: (0211) 63901

Telex: 858390

Management Board: Dr B Lengelsen

PRINCIPAL ACTIVITIES: Manufacture of specialised chemicals, gases, insecticides, plastics, resins and metallurgical materials

111

GERMANY Parent Company: Union Carbide, USA


Sales turnover


DM'OOO

340,000

UNION RHEINISCHE BRAUNKOHLEN KRAFTSTOFF AG Postfach 1663, D-5047 Wesseling

Tel: (02236) 791

Cable: Unionkraftstoff WesselingjRhld

Telex: 8886947 ukw d

Telefax: (02236) 793344

Management Board: Dieter Kempermann, Dr Reiner Kuehn, Dr Heinz Zuenkler

PRINCIPAL ACTIVITIES: Oil refining and petrochemicals: products include motor fuels, heating oil, liquid gas, sulphur, methanol and di-methyl-ether, olefines, xylenes, cresols and xylenols, benzene, toluene

Parent Company: Rheinische Braunkohlenwerke AG, Koeln (100%)

Subsidiary/Associated Companies: Rhein-Oel GmbH: UK Mineralolwerke Wenzel & Weidmann GmbH: Union Rheinbraun Kohle und Mineralol GmbH: Fuchs Mineralolwerke GmbH; Deminex-Deutsche Erdolversorgnungsgesellschaft mbH; Nord-West Olleitung GmbH: Braunkohle Benzin AG: Union Fuchs Schmierstoffgesellschaft mbH

Principal Bankers: Landeszentralbank: Deutsche Bank: Commerzbank: Dresdner Bank


Sales turnover

Share capital


VEBA AG

1986

DM'OOO

3,789,000

234,000

Karl-Arnold-Platz 3, D-4000 Dusseldorf 30

Tel: (0211) 45791

Cable: VEBA Dusseldorf

Telex: 8585554

Telefax: 4579-501

1987

DM'OOO

3,567,000

234,000

Supervisory Board: DipL-Kfm. Gunter Vogelsang (Chairman), Hermann Rappe (Deputy Chairman), Fritz Albrecht, Dr Gunther Allekotte, Hans Berger, Dr Marcus Bierich, Horst Blossey, Robert Braun, Dr F Wilhelm Christians, Rolf Diel, Prof Dr Herbert Grunewald, Helmut Guthardt, Karl Heinz Hoffmann, Dr Horst Klose, Walter Martius, Hans Nagels, Werner Schlottmann, Dr jur hc Horst K Jannott, Dr Nikolaus Senn, Gunther Werntges

Board of Management: Rudolf v. Bennigsen-Foerder (Chairman), Dr Heinz Ache, Assessor Alfred Berson, Dr Heinz Gentz, Dr Hans-Dieter Harig, Dr Hubert Heneka, Dr Hartmut Hoffmann, Dr Hans-Jurgen Knauer, Dr Hermann Kramer, Prof Dr Carl Heinrich Krauch, Dipl-Kfm Klaus Piltz

PRINCIPAL ACTIVITIES: Electricity, oil, chemicals, trading and transport

Subsidiary Companies: PreussenElektra AG; Veba Kraftwerke Ruhr AG: Veba Oel AG; Huls AG; Stinnes AG


Sales turnover

Profit before tax

Profit after tax

Retained profit

Dividends

Dividends per share

Earnings per share

Capital stock

Shareholders equity

"The earnings and the balance sheet figures have been restated according to the new accounting legislation


VEBA OEl AG

31.12.86"

DM'OOO

40,138,000

1,770,000

976,000

664,600

396,400

10.00DM

24.10DM

1,981,805

10,380,000

31.12.87

DM'OOO

40,745,000

1,797,000

1,030,000

632,330

397,670

10.ooDM

24.10DM

1,988,350

10,845,000

Alexander-von-Humbolt-Strasse, 0-4650 Gelsenkirchen

Tel: (0209)366-1

Telex: 824881-0

Supervisory Board: Rudolf v. Bennigsen-Foerder (Chairman), Werner Beck (Vice Chairman), Alfred Berson, Robert Braun, Anton Gembert, Dr Uwe Haasen, Dr Heinz Horn, Dr Axel Kollar, Helga lissek-Roza, Paul-Heinz Mattern, Hans Nagels, Klaus Piltz, Peter-Michael Preusker, Karl-Heinz Reimers, Dr Heinrich Reinert, Artur Schmidt, Fritz Schmidt, Dr Kurt-Dieter Wagner, Fritz Weinmann, Dr Herbert Zapp

Board of Management: Dr Hubert Heneka (Chairman), Wilhelm Bonse-Geuking, Dr Gerd Escher, Klaus Giesel, Dr Manfred Krueper, Dr Friedel Wehmeier (Deputy Member), Bernhard Winzinger (Deputy Member)

Senior Executives: Dr Henning Forth (General Manager), Ulrich Hiippe (General Manager), Dieter Baltin (Manager), Dr Heinrich Blanz (Manager), Dr Hartmut Bruderreck (Manager), Lothar Gerike, Karl Mazeika (Manager), Siegfried Paul (Manager), Guenter Riedel (Manager), Dr Dieter Rottmann (Manager), Dr Guido Schurmeyer (Manager), Norbert Thymian (Manager), Dr Ernst Volkening (Manager)

PRINCIPAL ACTIVITIES: Exploration, production, transport, processing and retail of Oil; petrochemical products, solvents, organic chemicals

Trade Names: VEBA-HEIZOEL, VEBA-FLUESSIGGAS, VEBA BITUMEN

Parent Company: VEBA AG, Duesseldorf (100%)

Subsidiary/Associated Companies at 01.07.88: (100% owned unless stated): Exploration and Production: DEMINEXDeutsche ErdOlversorgungsges.mbH (51%); Mark Producing Inc (USA); VEBA OIL Nederland BV (Netherlands); VEBA OIL LIBYA GmbH; VEBA OIL EXPLORATION LIBYA GmbH. Supply: VEBA OIL INTERNATIONAL GmbH; VEBA POSEIDON SCHIFFAHRT GmbH (60%); "Nord-West Oelleitung GmbH (12.5%); "Transalpine Oelleitung (5.5%); "SOCIETE DU PIPELINE SUD-EUROPEEN SA (3.7%) (France); "NV Rotterdam-Rijn Pipleiding Maatschappij (10%) (Netherlands); "Maatschap Europoort Terminal (19%) (Netherlands); AETHYLEN-ROHRLEITUNGS-Ges.mbH & Co KG (16.7%). Processing: RUHR OEL GmbH (50%); "Oberrheinische Mineralolwerke GmbH (16.5%); "ErdoelRaffinerie Neustadt GmbH & Co oHG (12.5%); Deutsche Hydrocarbures GmbH (50%); "KOP KohlensaureProduktionsgesellschaft mbH (25%). Sales: RAAB KARCHER AG (99.5%); ARAL AG (56%); AFS Aviation Fuel Services GmbH (50%); Heizol-Handelsgesellschaft mbH (50%). Other: VEBA OEL Entwicklungs-Gesellschaft mbH; Chemische Betriebe Pluto GmbH; Wirus-Werke W Ruhenstroth GmbH

112

(25%); VEBA Wohnungsbau Gemeinniitzge GmbH (16.3%), "indirectly via RUHR OEL GmbH

Principal Bankers: Landeszentralbank Gelsenkirchen; Postscheckkonto Essen


Sales turnover

Profit before tax Profit after tax

Dividends

Share capital

Shareholders funds

Principal Shareholder: VEBA AG


31.12.86

DM'OOO

14,102,000 175,000

108,000

30,000

600,000

1,012,800

31.12.87

DM'OOO

13,759,000

104,000

77,000

20,000

600,000 1,022,000

VERKAUFGES FUR TEERERZEUGNISSE (VFT) MBH Varziner Str. 49, 4100 Duisburg-Meiderich

Tel: (0203) 456-03

Cable: Deutschteer Duisburg

Telex: 855 1685 vft d

Management Board: Dr Arnold Alscher, Dr Dieter Kolver

PRINCIPAL ACTIVITIES: Wholesale tar products, chemicals and special cokes

Parent Company: Riitgerswerke AG, Frankfurt/Main


Sales turnover

Share capital

31.12.86

DM'OOO

915,000

500

31.12.87

DM'OOO

886,000

500

Principal Shareholders: Riitgerswerke AG (380 TOM); Ruhrkohle AG (120 TOM)

No of Employees: 51

VIAG AKTIENGESELlSCHAFT Georg von Boeselager-Str 25, 5300 Bonn

Tel: (Bonn) 552 01

Telex: 08869607 RAPIFAX: (Bonn) 552-2977

Supervisory Board: Dr. F Wilhelm Christians (Vorsitzender), Peter Fassbender, Dr. Heinrich Harries, Elisabeth Hehl, Horst Hinz, Dr. Fritz Kampf, Reiner Landsch, Andre Leysen, Ludwig Lichtenegger, Gunther Malott, Hansgeorg Martius, Horst Mettke, Wolfgang Minninger, Friedel Neuber, Dr Arend Oetker, Edzard Reuter, Dr. Walter Seipp, Dr. E.h. Enno Vocke, Dr. Karl-Heinz Weiss, Josef Wolferstetter

Board of Management: Dr. R Escherich, Dr. W Lamby, Dr. A Pfeiffer, J Schirner

Senior Executives: Dipl.-Kfm F Herold (Direktor)

PRINCIPAL ACTIVITIES: Group with interests in electricity production and distribution; transport and distribution of natural gas; in metals, particularly aluminium production and processing; in chemicals, including calcium, cyanamide, alumina, lime, cyanamid derivatives, carbide, ferro-silicon

Subsidiary/Associated Companies: (100% owned unless stated): Energy: Innwerk AG (99.96%); Bayernwerk AG (38.84%); Thyssengas GmbH (50%); Elektrowerke GmbH; ILSE Bergbau-GmbH (99.99%); Bayerische Wasserkraftwerke AG (33.33%); Reichs-Kredit-Gesellschaft mbH; Deutsche Industrie Versicherungsstelle GmbH. Aluminium: Vereinigte AluminiumWerke AG (99.99%). Chemicals: SKW Trostberg AG (99.99%); Didier-Werke AG (over 25%)

Principal Bankers: Deutsche Bank; Westfalenbank; Commerzbank; Bayerische Vereinsbank; BHF-Bank; Dre!ldner Bank; Westdeutsche Landesbank


Consolidated Group sales(1) Profit before taxI 1) Profit after tax(1) Retained profit(1) Dividends(2) Dividends per share(2) Earnings per share(2) Share capital(2) Shareholders funds(2) (1) VIAG consolidated Group (2) VIAG AG only

31.12.86 DM'OOO

8,680,000 468,000 164,000 34,000 69,000

12% 23.00DM 580,000

2,251,000

Principal Shareholders: 100% widely spread No of Employees: 32,733

VON HEYDEN GMBH Volkartstr 83, 0-8000 Munchen 19 Tel: (089) 1303-0 Cable: Heydenchemie Telex: 0523719

Chairman: H Haasz

31.12.87 DM'OOO

8,444,000 560,000 191,000 38,500 75,000

13% 25.ooDM 580,000

2,335,000

Directors: H Von Roy, Dr Kayser Eichberg, R-D Rebhuhn, Dr B Umlauf,

Senior Executives: H Thurner (Controlling), H Erlen (Finance), H Orth (Personnel), H Heinrich (Convatec), H Hoppe (Logistics), H Noseda (Pharmaceutical Production), H Soldenwagner (MIS), H Warncke (Technical Dept), H Kulzer (Squibb Pharma Sales), H Janni (von Heyden Pharma Sales), Dr Losier-von Waldenburg (Squibb Pharma Marketing), Dr Hecht (Chemical Production), Dr Reininger (Quality Control)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical and pharmaceutical products

Trade Names: Squibb, Heyden, Convatec Parent Company: Squibb-Mathieson International Corporation

(Panama), Munich Subsidiary Companies: Squibb Pharma von Heyden Ges mbH

(Austria); Agit Gesellschaft fUr Informationssysteme undtechniken mbH; Elektrochemische Gesellschaft Hirschfelde mbH; Salor Heilmittel und Kosmetik GmbH

Principal Bankers: Dresdner Bank AG; Citibank AG Financial Information:


WACKER-CHEMIE GMBH Prinzregentenstr 22, 0-8000 Muenchen 22 Tel: (089) 2109-0 Cable: Wackerchemie Telex: 529121-0 wack d Telefax: (089) 2109-1770

1987 DM'OOO 306,484

54,243

Supervisory Board: Prof.Dr.-lng.Dres. h.c. Karl Winnacker (Honorary Chairman), Prof. Dr. Wolfgang Hilger, 'Alfons Kettner (Deputy Chairman), 'Peter Buchauer, 'Anton Eisenacker, Dr Bernd Golla, Rudolf Koschaz, 'Paul Kremser, Heinz Schachner, Dr. Gunter Metz, Dr. Peter Pfeiffer, Dr Werner Biebl, Jurgen Dormann, Dr Martin Fruhauf, Horst Gunter Wacker, Dr. Karl-Heinz Weiss (Chairman), 'Oskar Wurth, 'Staff Representative

Board of Management: Walter Dobmaier (Administration/Financing), Dr. Johannes Kohl (Speaker for the Managing Board, Chemistry and Technology), Harald Seeberg (Sales/Purchasing), Dr Hans Stach (Personnel and Employees' Benefits, Research)

Senior Executives: Hansjorg Braune (Division V), Dr. Eberhard Cleff (Finance), Dr.Hans Essler (Regional Management), Gertrud Eberth-Heldrich (Legal and Fiscal Division), Dr.

113

GERMANY Richard Etschmann (Purchasing), DrWerner Frey (Plant Manager, Cologne Plant), Bernhard Gerstenberg (Personnel and Employees' Benefits), Dr. Paul Hittmair (Plant Manager, Burghausen Plant), Hugo KOjer (Engineering), Norbert Kretzinger (Chief Engineer, Burghausen Plant), Dr. Karl-Heinz Michl (Division L), Dr. Frank Muller (Central Research), Dr. Klaus Nuding (Accounting), Dr.Jobst Possberg (Division V), Dr. Rolf Sieber (Central Office), Dr.Anton Stroh (Division S)

PRINCIPAL ACTIVITIES: Production and sale of all kinds of chemical products including plastiCS, silicones, polymers, emulSions, resins, solvents and organiC intermediates

Trade Names: Vinnol, Vinnapas, Polyviol, Pioloform, Elastosil, Wacker Sil-Gel, Wacker Si-Dehaesive, Wacker Tri, Wacker Per, Wacker 3XI, Wacker GB-Ester, Wacker MP-Faser, Wacker HDK, Wacker WDS

Subsidiary/Associated Companies: (100% owned unless stated): Aldehyd GmbH (50%); Alzwerke GmbH; Bayplan Bayerische Bautenschutz-Fachplanung GmbH; Wacker-Chemitronic GmbH; Heliotronic Forschungs- und Entwicklungsgesellschaft fur Solarzellen-Grundstoffe mbH; Consortium fUr elektrochemische Industrie GmbH; Dederer GmbH; Elektroschmelzwerk Kempten GmbH (99.67%); Johs Oswaldowski GmbH (25%); Wacker-Chemie Versicherungsvermittlungs- und Wohnungsgesellschaft mbH; Drawin Vertriebs-GmbH; NV Wacker-Chemie (Belgium) SA (Belgium); Wacker-Chemie Danmark A/S (Denmark); WackerChemie Hellas GmbH (Greece); Wacker Chemicals Ltd (UK); Wacker-Chemie Italia SpA (97%) (Italy); Wacker-Chemie Nederland BV (Netherlands); Wacker-Chemie GesmbH (Austria); Elektroschmelzwerk Delfzijl BV (Netherlands); Wacker Quimica Portuguesa Lda (Portugal); Wacker-Kemi AB (Sweden); Wacker-Chemie (Schweiz) AG (Switzerland); Wacker Quimica Iberica SA (Spain); Wacker-Chemie Finland Oy (Finland); Wacker Chemicals Finance BV (Netherlands); Wacker Chemical Corp (USA); Wacker Siltronic Corporation (USA); Wacker Chemicals (USA), Inc (USA); Exolon-ESK Company (50%) (USA); Wacker Silicones Corp (USA); Henley Chemicals Ltd (33.33%) (USA); Wacker Quimica do Brasil Ltda (Brazil); Wacker Mexicana SA (50%) (Mexico); Wacker Chemicals East Asia Ltd (75%) (Japan); Wacker Chemicals (South Asia) Pte Ltd (Singapore); Wacker Chemicals Australia Pty Ltd (50%) (Australia); Wacker Chemicals (South Africa) (Pty) Ltd (South Africa)

Principal Bankers: Landeszentralbank


31.12.86

DM'OOO

Group net sales 2,496,000

Net income 74,108

Subscribed capital 250,000

Capital and reserves 531,396

31.12.87

DM'OOO

2,413,000

45,433

250,000

605,573

Principal Shareholders: Hoechst AG (50%); Dr Alexander Wacker Familienges mbH (50%)


WASAG-CHEMIE AG Postfach 34 02 43, Alfredstr 51, 0-4300 Essen 1

Tel: (0201) 77 60 58

Telex: 8 57 695

Telefax: (0201) 77 1589

Management Board: A Jeck, W Straub

Senior Executives: Mrs Hofbauer

PRINCIPAL ACTIVITIES: Chemicals

Trade Names: WASAG

Subsidiary/Associated Companies: (100% owned unless stated): Nigu-Chemie GmbH (40%); WNC-NITROCHEMIE GmbH; Wasagchemie Sythen GmbH

Principal Bankers: Westfalenbank, Bochum; Deutsche Bank AG, Essen


Group Sales turnover Share capital

31.12.86 DM'OOO 201,900

15,000

Principal Shareholders: Bohlen-Industrie GmbH, Essen No of Employees: 1,500

WERNER & PFLEIDERER GMBH Theodorstr. 10, Postfach 301220,7000 Stuttgart 30

(Feuerbach) Tel: (0711) 897 0 Cable: knetwerke stuttgart Telex: 72 31 31 0 wp d Telefax: (0711) 897-3999

31.12.87 DM'OOO 224,500

22,500

Supervisory Board: Dr. Ing. E.h. Gerhard Neipp (Vorsitzender), Heinrich Gronhoff (stv. Vorsitzender), Hans Bauer, Helmut Krebs, Theo Kunzi, Stefan Reichardt, Dr. Alfred Lukac, Jurgen Rossberg, Dr. Hans Ulrich Schaudt, Johannes Werner, Michael Werner, Ernst Zehender

Management Board: Dipl.-Ing. Hans Westphal (Vorsitzender der Geschiiftsfiihrung, Geschaftsbereich Unternemenspolitik/Lebensmitteltechnik), Dr. Gunther Fahr (Geschaftsbereich Kunststoff/Chemietechnik), Dipl.-Ing. HansLothar Kuhlthau (Geschaftsbereich Gummitechnik), Dr. HansAdam Pfromm (Geschaftsbereich Personal)

PRINCIPAL ACTIVITIES: Machinery and installations for the plastiCS, chemical, food stuffs, steel and metal processing industries

Subsidiary Companies: Werner & Pfleiderer GmbH & Co; Werner & Pfleiderer SPRL (Belgium); OY Werner & Pfleiderer AB (Finland); Werner & Pfleiderer France SARL (France); Werner & Pfleiderer (UK) Ltd (UK); Werner & Pfleiderer Italia Sri (Italy); Werner & Pfleiderer Haton BV (Netherlands); Werner & Pfleiderer AG (Austria); Werner & Pfleiderer AB (Sweden); VEMA Vertriebs- & Management AG (Switzerland); Werner & Pfleiderer Corporation (USA); Werner & Pfleiderer de Mexico S de RL de CV (Mexico); Werner & Pfleiderer (SA) (Pty) Ltd (South Africa); Werner & Pfleiderer Iran AG (Iran)

Principal Bankers: Commerzbank AG; Deutsche Bank AG; Dresdner Bank; Landesgirokasse Stuttgart; Landeszentralbank


Sales turnover 509,248 501,898 Profit before tax 15,484 14,863 Profit after tax 8,125 9,748 Partnership capital 50,000 50,000 Partnership funds 66,125 67,748

Principal Partners: Fried. Krupp GmbH, Essen (from 1.1.86); Johannes Werner; Michael Werner; Dr Gunther Fahr


WESTFALEN,SAUERSTOFFWERK,AG Industrieweg 43-63, 4400 Munster Tel: (0251)695-0 Telex: 0892771 wag Telefax: (0251) 695194

Supervisory Board: Konsul Dr. jur. Hermann Hallermann (Vorsitzender), Bankdirektor Klaus W Krueger (stellv. Vorsitzender), Christa Albert, Ulrich Brandt (Arbeitnehmervertreter), Wolfgang Habig (Oelde), Peter Sonksen (Arbeitnehmervertreter)

Management Board: Wolfgang Fritsch-Albert (Vorsitzender), Dipl.-Kfm. Armin Berninghaus (Vortandsmitglied), Dr.-Ing. Kurt-Henning Koch (Vorstandsmitglied)

Senior Executives: Gunter Heede (Prokurist), Ass. jur. Rainer Istel (Prokurist), Gunter Johnigk (Prokurist), Friedrich Stark (Prokurist)

114

PRINCIPAL ACTIVITIES: Production of all types of gases; wholesale of fuels, liquefied gases and gas appliances

Trade Names: Westfalen Subsidiary Companies: Westfalen Tanklager-und Transport

Gesellschaft mbH; Westfalen Mineralolgesellschaft mbH; Parkhaus GmbH, Paul Stockhausen GmbH; Propan-Union GmbH

Principal Bankers: Dresdner Bk; Sparkasse der Stadt Munster; Deutsche Bk; Commerzbank; Bank fUr Gemeinwirtschaft; Bankhaus Hermann Lampe KG; Volksbank Munster eG

Financial Information: 31.12.86 DM'OOO

Sales turnover 446,182 Profit before tax 10,254 Profit after tax 3,417 Retained profit 2,439 Dividends 8+4% Dividends per share 6.00DM Share capital 20,000


WESTFALISCHE CENTRALGENOSSENSCHAFT EG

31.12.87 DM'OOO 437,474

7,260 2,602 1,641

8% 4.00DM 20,000

Industrieweg 110, Postfach 6149, 0-4400 Munster Tel: (0251 )682-1 Cable: Centralkontor Telex: 0892807

Management Board: Dr Gerhard Dutsch (Generaldirektor), Dr Manfred Niclas (Direktor)

PRINCIPAL ACTIVITIES: Purchase and sale of agricultural products and animal feedstuffs

Subsidiary Companies: WCG-Kornhaus-Gmbh PrinCipal Bankers: WGZ; LZB Financial Information:

Sales turnover


WILHELM E H BIESTERFELD See BIESTERFELD, WILHELM E H,

WINTERSHALL AG Friedrich-Ebert-Strasse 160, 0-3500 Kassel Tel: (0561 )301-0 Cable: Wintershall Kassel Telex: 99 632-0 wint d; Teletex: 561 898=wuk Telefax: (0561) 301-702

DM'OOO 1,220,000

Supervisory Board: Dr Ronaldo Schmitz (Vorsitzender), Heinrich Jansen (stellv Vorsitzender), Hermann Casper, Peter Grimmelykhuizen, Dr Wolfgang Jentzsch, Helmut Klucke, Dr Werner Lindemann, Gunter Meyer, Prof Wolfgang Ritter, Peter Rustemeyer, Manfred Schneider, Dr Jurgen Strube

Management Board: Heinz Wustefeld (Vorsitzender), Dr Volker Schafer, Dr Walter Schulz, Ekhard Rettich, Klaus Wollschlager

PRINCIPAL ACTIVITIES: Location, extraction and processing of natural gas and crude oil; manufacture of fuel, lubricants and other mineral oil products

Parent Company: BASF AG, Ludwigshafen Principal Subsidiary Companies: (100% owned unless stated):

Aral AG (15%); Chemische Fabrik WIBARCO GmbH; DEMINEX-Deutsche Erdiilversorgungsgesellschaft mbH (18.5%); Erdgas-Verkaufs-Gesellschaft mbH (27.7%); Haidkopf GmbH; Wintershall Mineralol GmbH; Wintershall Roholversorgungs-Gesellschaft mbH; Wirtschaftliche Vereinigung deutscher Versorgungsunternehmen AG (50%); Kali-Bank GmbH; Winters hall Nederland BV (Netherlands); Delfzee Dubai Petroleum NV (Netherlands); Wintershall (Schweiz) AG (Switzerland); Wintershall Oil AG (Switzerland); Wintershall Oil of Canada Ltd (Canada); Wintershall

Corporation (USA); Wintershell Hellas Petroleum SA (Greece); Winters hall (UK) Ltd (UK)

Principal Bankers: Kali-Bank GmbH Financial Information:

Sales turnover Gross profit on sales Net income (loss) Retained profit (loss) Shareholders funds

31.12.86 DM'OOO

3,923,176 195,695 55,550 83,821

500,000

31.12.87 DM'OOO

3,811,943 52,427

(39,071) (28,050) 500,000

Principal Shareholders: BASF AG, Ludwigshafen (100%) No of Employees: 3,622

WIRTSCHAFTLICHE LANDHANDELSVEREINIGUNG GMBH Vereinigte Landwarenkaufleutein Norddeutschland Langer Garten 17-19, 3200 Hildesheim Tel: (05121) 744-0 Cable: WL V Hi Telex: 0927202 Telefax: (05121) 744169

Senior Executives: A Wanza, K P Duve, G Kleymann, C Jaser, H Neitzel

PRINCIPAL ACTIVITIES: Wholesale agricultural produce, cereals, fodder, fertilisers, plant protecting products, seeds etc

Principal Bankers: Nordd Landesbank; Commerzbank; Deutsche Bank


Sales turnover Dividends Share capital


WOLFF WALSRODE AG Postfach, 0 3030 Walsrode Tel: (05161) 44-0 Cable: Wolffwalsrode Bomlitz Telex: 924324 Telefax: (05161) 442201

1987 DM'OOO 690,000

9.38% 8,500

Supervisory Board: Aufsichtsrat: Prof Dr K Kleine-Weischede (Vorsitzender)

Management Board: Vorstand: EM von Kistowsky , H-J Hildebrandt, H-J Meissner

Senior Executives: Sparten-und Zentralbereichsleiter: Dr Bernert (Sparte Kunstdarm), H Bodemeier (Sparte Chemie), U Droege (Zentralbereich Personal), Dr C Peicher (Zentralbereich Beschaffung und Logistik), F Rosenthal (Sparte Folien Geschiiftsbereich Herstellung), H Rosenthal (Sparte Folien Geschaftsbereich Verarbeitung), P Stubbe (Zentralbereich , Finanz-u Betriebswirtschaft), Dr G Weimar (Zentralbereich Technik)

PRINCIPAL ACTIVITIES: Cellulose films, plastic films and laminates; artificial sausage casings, cellulose ethers, cellulose nitrate, polymers

Trade Names: Walsroder Folien, Walsroder Darm, Walsroder Chemie-Produke

Parent Company: Bayer AG Subsidiary Companies: Ylopan Folien GmbH; Gerhard Peter KG Principal Bankers: LZB; Deutsche Bank

115

GERMANY Financiaiinformation:


1986 DM'OOO 561 ,132

(7 ,960) 58,000

Principal Shareholders: Bayer AG (100%) No of Employees: 3,185

WORLEE, E H, & CO Bellevue 7-8, Postfach 602960, 2000 Hamburg 60 Tel: (040) 27134-0 Cable: Worleco Hamburg Telex: 0212384 ehw d Telefax: (040) 2705705

Supervisory Board: Dr Albrecht von Eben-Worlae

1987 DM'OOO 574,249

810 58,000

Management Board: F von Rosenberg, H Bartels, K-H Graue, J Schittek

PRINCIPAL ACTIVITIES: Import, export and processing of raw materials for the food industry (dehydrated mushrooms and vegetables); raw materials for the paint and ink industry (resins, pigments, additives); raw materials for the pharmaceutical industry and tea packers (medicinal plants and herbs)

Trade Names: Worlae Subsidiary Companies: Worlae-Chemie GmbH; Drogen

Handeslgesellschaft E H Worlae & Co mbH; E H Worlae & Co BV (Netherlands)

Principal Bankers: Dresdner Bank AG; Deutsche Bank; SchrOder, Munchmeyer, Hengst & Co




1986 DM'OOO 270,000

6,000 6,000

ZELLER & GMELIN GMBH & CO Schloss-Str 20, Postfach 1280,7332 EiSlingen (Fils) Tel: (07161) 8021 Cable: Zet-Ge Eislingen Telex: 0727 769

1987 DM'OOO 250,000

6,000 6,000

Management Board: H Bornmann, Dr H Specht, P Waldt Senior Executives: Hr Haas, Hr Nuding, Hr Ruckstadter, Hr

Schneider, Dr Geiger, Dr Seng

PRINCIPAL ACTIVITIES: Lubricants and greases for automotive and industrial purposes , printing inks, coagulation agents for the removal of paint surplus in spray booths, textile auxiliaries, bitumen emulsions for road construction

Subsidiary Companies of the Z+G Group: SUDOL GmbH Mineralbl-Raffinerie; Ludwig Muller GmbH & Co KG Mineralblwerk; Zeller & Gmelin Heizblvertriebsges. mbH & Co Thermol KG; ORAG Oberrheinische Mineralblvertriebs-GmbH: VAT BAUSTOFFTECHNIK GmbH; Zeller + Cie; Zeller + Gmelin AG; Zeller Interchem Corp (USA); Bitunova Baustofftechnik Gesellschaft mbH

Principal Bankers: Commerzbank; Dresdner Bank; Sudwestbank; Deutsche Bank; Bankhaus Gebr. Martin; Kreissparkasse Gbppingen


Sales turnover


DM'OOO 550,000

GERMANY

116

Major Companies of GREECE

117

BIOKAT CORPORATION Gravias 4, Paradissos Amaroussiou, Athens 151 25

Cable: BIOPIPE GR

Telex: 215271 BIOP GR; 219577 BIOK GR

Telefax: 6830454

Chairman: G Konstantinidis

Directors: H M Siepert, D Russel, J Gzanjost, Dr H Thummes, N Skiadas, H Kyzitsis, A Kokkinis

Senior Executives: N Skiadas (Construction), N Stafylatos (Finance), A Kokkinis (Sales), J K Pagoulatos (Manufacturing)

PRINCIPAL ACTIVITIES: Electrical and mechanical engineering and metal fabrication, pipelines, mechanical erection

Parent Company: Mannesmann Anlagenbau AG

Subsidiary Companies: Saudi Arabian Biokat Co Ltd, Saudi Arabia, Biokat Int'l, Bahrain, Biokat Industrial and Commercial Co Ltd

Principal Bankers: Commercial Bank of Greece; National Bank of Greece; Citibank, Barclays


Sales turnover

Profit (loss) before tax

Profit (loss) after tax

Dividends

Dividends per share

Earnings (loss) per share

Share capital

Shareholders funds

31.12.86

US$OOO

42,330

(8,682)

(8,682)

($1.7)

898

55,422

Principal Shareholders: Mannesmann Anlagenbau AG


DIANA G SERVOS & CO SA Marni 32, Athinai

Telex: 21 91 48 dian gr

31.12.87

US$OOO

89,038

7,818

7,818

7,228

$1.5

$1.6

815

55,409

PRINCIPAL ACTIVITIES: Manufacture of veterinary pharmaceuticals, agricultural chemicals including fertilisers and pesticides

EKO·CHEMICALS CO AE 2 Messogion Ave, Athens Tower, Athens 11527

Tel: 7705-311

Cable: EKOCHEM

Telex: 219172 EKOCHEM

Telefax: 7705847

Chairman: Ch Dolkas (also Managing Director)

Directors. J Platanitis

Senior Executives: M Sfakianakis (Finance Manager), N Stavrinakis (Sales), J Platanitis (Marketing Petrochemicals), C Economou (Personnel Manager), P Mantzouranis (Legal Department Manager)

PRINCIPAL ACTIVITIES: Production of industrial chemicals; marketing and distribution of petrochemical products

Parent Company: EKO-Hellenic Investments of Petroleum & Chemicals SA

Principal Bankers: Citibank; National Credit; Commercial; Chase Manhattan

119

GREECE



Principal Shareholders: DEP-ETBA No of Employees: 440

1986

• Dr'OOO 11,397,000

852,000 515,000 462,000 53,000 285Dr

2,775Dr 707,000

4,767,000

ELSA TIN CAN & POLISH MFRS SA 200 Thivon Str, Ag.\. Rentis, Piraeus Tel: 4916-611 Cable: (301) 4924 480 Telex: 212148 elsa gr

Chairman: A Nikolopoulos

1987 Dr'OOO

14,184,000 675,000 492,000 456,000

36,000 194Dr

2,650Dr 707,000

5,644,000

Directors: G Karkazis (Managing Director), J Doucas (Joint Managing Director)

PRINCIPAL ACTIVITIES: Manufacture of cans for packaging purposes; production of shoe polishes

Trade Names: ELSA, Camel Principal Bankers: Bank of Greece; Credit Commercial;

National; Ionian & Popular; Citibank Financial Information:

1986 Dr'OOO

1987 Dr'OOO

Sales turnover 6,032,000 6,440,000 Profit before tax 206,490 361 ,630 Profit after tax 192,578 336,901 Retained profit 180,690 256,830 Dividends 25,800 34,800 Dividends per share 15Dr 15Dr Earnings per share 112Dr 145DR Share capital 580,000 580,000


HELLENIC ASPROPYRGOS REFINERY SA Aspropyrgos Attikis, Athinai Telex: 215442; 215443 ref gr

Directors: A Papavranoussis (Managing Director)

PRINCIPAL ACTIVITIES: Petroleum refining Principal Bankers: National; Citibank; Commercial; Bank of

Greece; Credit Financial Information:

Sales turnover


Dr'OOO 18,000,000

HELLENIC CHEMICAL PRODUCTS & FERTILISER CO LTD (THE)

Hellenique des Produits & Engrais Chimiques (SA) 20 Amalias Ave, Athens Tel: 323-6011 Telex: 215160 oxea gr Telefax: (01) 3221 .103

Chairman: N Kogevinas Directors: Andreas Athanassiades (Deputy Chairman),

Stamatios Mantzavinos (Authorised Director), Nikolaos Athanassiades (Director), Nikolaos Assimakis (Director), loannis Detsis (Director), Dimitrios Karagounis (Director), !lias Kiossopoulos (Director), !lias Kouletsis (Director), Dimitrios Mitropapas (Director), Vassilios Dalakides (Director), Kyriakos

GREECE Poulakos (Director), Nicolaos Sgouros (Director), Georgios Floros (Director)

PRINCIPAL ACTIVITIES: Production of chemicals including acids, salts, agrochemicals and fertilisers; flat glass; lead sulphide, zinc sulphide, iron sulphide; unprocessed and processed marble; provision of assaying, technical studies and data processing services

Subsidiary Companies: Chemical Industries of Northern Greece (SICNG) (40%); Hellenic Owens Elefsis Glass Company (32.72%); Hellenic Mining and Metallurgical Company of Larymna (LARCO) (25%)

Principal Bankers: Agricultural; National; Citibank; General Hellenic


Sales turnover Gross profit on sales Profit after tax Dividends Dividends per share Share capital

31.12.86 Dr'OOO

20,214,000 2,644,750

70,831 107,965

47Dr 2,917,360

31.12.87 Dr'OOO

21,137,256 3,446,844

284,674 183,771

80Dr 2,917,360

Principal Shareholders: 1,496 individual shareholders, 41 (others)


HOECHST HELLAS AG GR-l02 40 Athens Tel: 8010-811 Cable: Hoechst Telex: 215890; 216552 hoe gr Telefax: (00301) 80 71 573

Managing Director and Vice Chairman: Chr Metsovitis Directors: E Catramados, G Demetriades

PRINCIPAL ACTIVITIES: Manufacture of chemical products including synthetic resins, agrochemicals, pharmaceuticals, pigment preparations, textile auxiliaries, cosmetics and compressed gases. Agents and importers of pharmaceutical products, organic and inorganic chemicals', pesticides, synthetic resins, dyestuffs and pigments, plastics raw materials, synthetic fibres, surtactants and auxiliaries, plastic foils, cosmetics, sanitary napkins, paper handkerchiefs, reorography material and equipment, industrial equipment

Parent Company: Hoechst Aktiengesellschaft, Germany Principal Bankers: Bank of America; loniki; National Financial Information:

1986 Dr'OOO

1987 Dr'OOO

Sales turnover 12,649,000 12,835,000 Profit before tax 210,882 301,640 Profit after tax 194,087 236,921 Retained profit 10,544 15,082 Dividends 183,542 221,839 Share capital 767,280 767,280

Principal Shareholders: Hoechst Aktiengesellschaft, Germany No of Employees: 382

MOTOR OIL (HELLAS) CORINTH REFINERIES SA 2 Karageorgi Servias Street, Athens 105-62 Tel: 3246311; 3245286 Cable: MOTOROILA Telex: 218245 MOTO GR Telefax: 3223976

Board of Directors: V J Vardinoyannis (Chairman), T J Vardinoyannis, G P Alexandrides, S P Triantaphylides, N Gelvaris, M Vardinoyannis

Management: P N Kontaxis (General Manager) Senior Executives: A Kalyvas, T Theodoroulakis, K Vassilakis

PRINCIPAL ACTIVITIES: Petroleum refineries

120

Subsidiary Companies: Avin Oil Principal Bankers: National Bank of Greece; Credit Lyonnais;

European Investment Bank Financial Information:

31.12.86 31.12.87 Dr'OOO Dr'OOO

Sales turnover 100,771,508 138,187,440 Profit before tax 644,540 661,946 Profit after tax 496,445 546,435 Retained profit 346,325 546,435 Dividends 150,120 Dividends per share l,800Dr Earnings per share 6,OOODr 6,500Dr Share capital 2,502,000 2,502,000 Shareholders funds 4,671,696 5,221,983

Principal Shareholders: Psiloritis Shipping Company; Genesis Compania Naviera


NITROGENOUS FERTILIZERS INDUSTRY SA 15 Valaoritou Str, 10671 Athens Tel: 362-8581 Telex: 215623 azo gr

Chairman: Th Gamaletsos Managing Director: N Koutsoukos Senior Executives: G Salakidis (General Manager)

PRINCIPAL ACTIVITIES: Manufacture of fertilizers Principal Bankers: Commercial; Credit; National Financial Information:

31.12.86 31.12.87 Dr'OOO Dr'OOO

Sales turnover 8,500,859 7,295,382 Profit before tax 12,404 Share capital 2,909,415 2,909,415 Shareholders funds 1% 1%

Principal Shareholders: Hellenic Industrial Development Bank SA (ETBA) (99%)


PHOSPHORIC FERTILIZERS INDUSTRY LTD (SA) 97 Sygrou Avenue, 117 45 Athens Tel: 9227121; 9227228 Telex: 215340 pfi gr

Chairman: Spyros Kaparis Directors: St Nezis (Managing Director-General Manager) Senior Executives: G Angelopoulos, K Nicolaides

PRINCIPAL ACTIVITIES: Manufacture of compound and nitrogenous fertilizers and industrial chemicals

Parent Company: Commercial Bank of Greece SA Subsidiary Companies: EVIAM SA; METEK SA Principal Bankers: Commercial Bank of Greece; Ionian &

Popular Bank of Greece; Investment Bank; Bank of Attica; Credit Bank


Sales turnover Dr'OOO

14,000,000

Principal Shareholders: Commercial Bank of Greece; Ionian & Popular Bank of Greece; Investment Bank; Insurance Company "Phoenix"; Insurance Company "Ionikh"


SICNG SA

Chemical Industries of Northern Greece SA 4 Nikis, 105 63 Athens Tel: 32.46.801-4 (Athens); 760.403 or 760.603 (Thessaloniki) Cable: SICNG ATHENS Telex: 21.57.43 SIG GR (Athens); 41.22.23 SIG GR

(Thessaloniki) Telefax: 32.43.471 (Athens); 760.422 (Thessaloniki)

Board of Directors: Constantine Georgoutsakos (Chairman), Stamatis Mantzavinos (Managing Director), Andreas Athanassiadis (Vice Chairman), Jean-Pierre Seeuws (Vice Chairman), Alexander Constantinidis , Hubert de Forceville , Panagiotis Hamakiotis, llias Kioussopoulos, Jean Lachas , Corinne Mentzelopoulos, Dimitris Papantonis, Nicholas Sgouros, Jacques-Paul Vincent

Management: Stamatis Mantzavinos (Managing Director) Senior Executives: AI Constantinidis (General Manager), AI

Kouvas (Financial Director), AI Tsekouras (Deputy General Manager)

PRINCIPAL ACTIVITIES: SICNG is the largest manufacturer of chemical fertilizers in Greece. It also produces CFC's for aerosol propellants, for refrigeration and foam expansion. Plant under construction for CFC 11-12 substitutes in view of ozone layer problems

Trade Names: S.I.C.N.G. SA Principal Bankers: National Bank of Greece; Citibank NA;

C.C.F.; National Westminster Bank Financial Information:

Sales turnover Profit before tax Net earnings Retained profit Dividends Dividends per share Earnings per share Share capital Own funds

31.12.86 Dr'OOO

16,538,403 730,657 292,224 117,553 174,671 2.814Dr 4,870Dr

1,407,026 6,067,933

31.12.87 Dr'OOO

18,032,174 494,487 420,870 241,805 179,065 2,896Dr 7,015Dr

1,276,880 6,564,094

Principal Shareholders: The Hellenic Chemical Products & Fertilizers Company Ltd (40%); National Bank of Greece; Rhone Poulence SA; Participations Chimiques; Thurania Establishment


VIOPHARM SA 156 Avlonos Str, Gr-104 43 Athens Tel: 51.24.111; 51.38.101 (10 lines); 51.39.509 (10 lines) Cable: VIOPHARM Telex: 225059 vphm gr

General Managers: V K Pliatsikas (Services), K Kotzias (Manufacturing)

PRINCIPAL ACTIVITIES: Manufacture of babies' diapers, sanitary napkins, agrochemicals, cosmetics, cotton wool, gauze, padding, aluminium sulphate

Trade Names: Baby Lino, Dona Mod, Slims, Donina, Nupi, Boner, Hearts, Lino Sticks, Slimettes, Dufon, Mr Filton

Affiliated Companies: EOTA; Tantex; Marathon; Vetma Principal Bankers: National Bank of Greece; Commercial Bank

of Greece; Ergobank Financial Information:

Sales turnover Dr'OOO

4,000,000

Principal Shareholders: Saffina AG; Dr A C Chertsos No of Employees: 684

GREECE

121

GREECE

122

Major Companies of ITALY

123

ACNA CHIMICA ORGANICA SPA Piazza della Vittoria, 10 17010 Cengio (SV) I Tel: (019) 5561 Cable: ACNA CENGIO SAVONA Telex: 310679 Telefax: (019) 555049

Chairman: U H Duden Directors: Ing F Lombardo, Ing E Colombo, Dr A Trombini

PRINCIPAL ACTIVITIES: Acna Chimica Organica produces intermediates for the chemical industry: naphthalene, benzene, anthraquinone and phthalocyanine derivatives. It is a world leader in meta-aminophenol and napthalene derivatives and has a major share in international markets in intermediates for dyestuffs and pigments. Substantial investments in product and process development, to exploit new opportunities in high value-added fine chemicals, ensure long-term growth. Other investments concern a priority project for the treatment of industrial effluents

Trade Names: ACNA CHIMICA ORGANICA Parent Company: Montedison SpA Principal Bankers: Banca Commerciale Italiana; Instituto

Bancario S Paolo di Torino; Cassa di Risparmio di Savona; Banca Nazionale de Lavoro


Sales turnover

Principal Shareholders: Montedison SpA No of Employees: 825

AGIP PETROLI SPA 449 Via Laurentina, Roma 00142 Tel: 59981 Cable: Agip Petro Ii Roma Telex: 650131; 65035

L'OOO,OOO 160,000

President: Pasquale De Vita; Vice President: Giuseppe Accorinti Directors: Giuseppe Accorinti, Giuseppe Bigazzi, Francesco

Zofrea Senior Executives: Francesco Fazzari, Terrosi Francesco,

Angeletti Mario, Osvaldo Maraldi, Pasquale Milillo, Filippo De Leonardis, Ferdinando De Angelis

PRINCIPAL ACTIVITIES: Refining and sale of petroleum products

Trade Names: AgipPetroli SpA Parent Company: Agip SpA Subsidiary Companies: Uquipibigas S.p.A.; Agip Robassomero

S.p.A.; Irom S.p.A.; Mediterranea Raffineria Sicilian a Petroli S.p.A.; Oleodotti Nord-Est S.p.A.; Raffineria del Po S.p.A.; Sarom Raffinazione S.p.A.; Serfi S.p.A.; Stanic Industria Petrolifera S.p.A.; Agrimarket S.p.A.; Sognia SpA; Agip (Espa/ia) SA (Spain); Agip Austria; Agip Deutschland (Germany); Agip Suisse (Switzerland); Agip Fran<;:aise SA (France)

Principal Bankers: All prinCipal national banks Financial Information:

Sales turnover


AGIPCOVENGAS SPA Via Laurentina 449, 00142 Roma Tel: 59981 Cable: AGIPCOVENGAS ROMA Telex: 616280 AGICOV I

President: Ing. Pier Francesco Del Conte

L'OOO,OOO 23,000,000

Senior Executives: Ing. A lori (Technical Manager), Rag. E Favara (Administration Manager), Dr S Pomares (Personnel Manager)

PRINCIPAL ACTIVITIES: Distribution of bottled gas and LPG in bulk for domestic, agricultural and industrial use

Trade Names: AGIPCOVENGAS

125

ITALY Parent Company: AGIP PETROL! SpA (60%); Italiana Petroli

SpA (40%) (ENI Group) Financial Information:

Sales turnover

1987 L'OOO,OOO

631,000

Principal Shareholders: AGIP PETROL! SpA (60%); Italiana Petroli SpA (40%)


AGRIMONT SPA Piazza della Repubblica 14/16, 20124 Milano Tel: (02) 63331 Cable: AGRIMONT Milano Telex: 310679 monted i Telefax: 62702018

Board of Directors: Dr Ettore dell'lsola (Presidente), Ing Gianfranco Ceroni, Dott Renato Picco, Rag Giorgio Pisani, Prof Renato Ugo. Segretario del Consiglio: Avv Mario Lugli

Management: Dr Gian Franco Alesso (General Manager)

PRINCIPAL ACTIVITIES: Manufacture of fertilizers Trade Names: Fertimont (fertilizers), Farmoplant (Pesticides),

Vetem (veterinary products) Parent Company: Montedison SpA Subsidiary Companies: Conserv Inc (USA) Principal Bankers: Nuovo Banco Ambrosiano, Banca Nazionale

del Lavora, Cariplo Financial Information:

Sales turnover


ALUSUISSE ITALIA SPA Via Victor Pisani 31, 20124 Milano Tel: (02) 63 52 1 Telex: 315195 Telefax: (02) 63 52 254

L'OOO,OOO 809,000

Board of Directors: Hermann Haerri (Chairman), Paul Haas (Vice Chairman and Managing Director), Giusseppe Galletti, Ivo Gerster, Hans Jucker, Bruno Reboa, Kurt Wolfensberger

Management: Dr Ing Andrea de Virgiliis (General Manager) Senior Vice Presidents: Franco Budi (Production and R&D),

Edoardo Duzioni (Administration and Finance), Gianfranco Finazzi (Sales and Marketing)

PRINCIPAL ACTIVITIES: Aluminium and chemicals; plastics, solvents and addit!ves

Parent Company: Alusuisse AG, Switzerland Subsidiary Companies: (100% owned unless stated): Lonza

Italia SpA (50%); Molding Compounds SpA; Nitrocotone Sri Financial Information:

Sales turnover Retained profit Dividends per share Earnings per share Share capital Shareholders equity


31.12.86 L'OOO,OOO

284,305 6,814

1,400L 2,271 L 30,000 61,887

ANONIMA PETROLIITALIANA

api Corso d'italia 6, 00198 Roma RM Tel: (06)84931 Cable: APIOIL Telex: 610068; 622268 apioil

31.12.87 L'OOO'OOO

292,098 7,226

2,000L 2,409L 30,000 59,627

President: Cav Lav Dott Aldo Brachetti-Peretti (Presidente e Consigliere d'Amministrazione)

ITALY Directors: Ing Luciano Battelli (Vice Presidente, Direttore

Generale e Consigliere), Geom Adalberto Capra (Vice Direttore Generale e Consigliere), Dott Umberto Scarimboli (Vice Direttore Generale e Consigliere), Dott Nicola Zucchet (Direttore Amministrativo e Consigliere), Sig Ferdinando Brachetti-Peretti (Consigliere), Dott Vincenzo Cazzaniga (Consigliere), Dott Giangiacomo Serena (Consigliere)

Senior Executives: Ing Luciano Battelli (Direttore Generale)

PRINCIPAL ACTIVITIES: Oil refining and distribution of derivatives including lubricating oils and bitumen

Subsidiary Companies: api Raffineria di Ancona SpA Principal Bankers: Banca Commerciale Italiana; Banca

Nazionale del Lavoro Financial Information:

Sales turnover Profit (loss) before tax Profit after tax Retained profit Dividends

1986 L'OOO,OOO 2,238,670

19,559 10,709 9,043

1987 l'OOO,OOO 2,361,847

(6,216)

Dividends per share Earnings per share Share capital

No of Employees: 504 Group

BAYER ITALIA SPA Viale Certosa 126/130, 20156 Milano Tel: 39781 Cable: Bayeritalia Telex: 330518

Chairman: R Opfermann Directors: Dr Paolo Pagliani

600 600l 400l

45,000 45,000

PRINCIPAL ACTIVITIES: Chemical products including additives for animal feedstuffs; acids, anhydrides, inorganic chemicals, organiC chemicals; metallic pigments; special purpose chemicals for the metal, textile, oil, leather and building industries; liquid gases; insecticides; skin creams, hygiene products, detergents; dyestuffs, glues, waterproofing compounds; plaster for dentistry and surgery; synthetic fibres; artificial resins; electric insulating materials

Parent Company: Bayer AG, Leverkusen, West Germany Financial Information:

Sales turnover


CAFFARO SPA

L'OOO,OOO 780,000

Via Privata Vasto 1, Casella Postale 1288, 20100 Milano Tel: (02) 62011 Cable: Alcalicaffaro Milano Telex: 312065 CFFARO Telefax: (02) 6201 230

President: Niccol6 de Nora; Vice President: Demetrio Corradi Directors: Dr Mario Chiti (Managing Director), Guido Angiolini,

Alberto Banci, Antonio Belloni, Giovanni Bosisio, Carlo Buora, Alessandro Clementi, Paolo Fontana, Gaetano Lazzati, Giambattista Loro, Renato Pagliaro

PRINCIPAL ACTIVITIES: Manufacture of inorganic acids, inorganic and organiC chlorinated chemicals, additives for the rubber industry, varnish, plastifiers, compressed gases, and agrochemicals

Subsidiary Companies: Chimica del Friuli SpA; Snia Tecnopolimeri SpA; Vischim Sri; Elicaffaro SpA; SISE Sri


Sales turnover

Principal Shareholders: SNIA-BPD No of Employees: 1,100

L'OOO,OOO ·165,000

126

CAMELI & CO SPA Via Roma 8/A, 16121 Genova Tel: (010) 567161 Cable: Marinese Telex: 270030 cameli i

President: Sebastiana Cameli Directors: Alberto Cameli (Vice President), Luigi Regis Milano

(Vice President)

PRINCIPAL ACTIVITIES: Petroleum refining; shipowning Subsidiary Companies: Panta Commerciale SpA Financial Information:

Sales turnover


CHEVRON OIL ITALIANA Via V Brancati, 00144 Roma Tel: (010) 3966470179 Telex: 610402

l'OOO'OOO 1,165,000

PRINCIPAL ACTIVITIES: Oil refining and fuel distribution Parent Company: Chevron Corp, USA Financial Information:

Sales turnover


CHIMICA DEL FRIULI Piazza Marinotti 1, Torviscosa 33050 (Udine) Tel: (0431) 3811 Telex: 460 849 chifr I

L'OOO,OOO 2,500,000

PRINCIPAL ACTIVITIES: Manufacture of chemicals Parent Company: Caffaro SpA Financial Information:

Sales turnover


CIBA GEIGY SPA

l'OOO,OOO 200,000

Strada Statale 233 (Varesina) Km 20.5, 21040 Origgio (VA) Tel: (02) 9654.2882 Cable: Cibageigy Sa ron no Telex: 332407-332470 cigy

Administrative Board: Sergio Giuliani (Presidente e Consigliere Delegato), Mario Berri, Hans Duerr, Giovanni Falchi, Tancredi Livornesi, Roberto Ruozi

General Management: Pier Alfonso Borney (Finanza ed Amministrazione)

Senior Executives: Luciano Acquarone (Divisione Chimosa), Emanuele Barracchia (Divisione Agricoltura), Alberto Giordanetti (Divisione Coloranti e Prodotti Chimici), Antonio Locati (Funzione Personale), Giovanni Pignoni (Divisione Prodotti di Fermentazione), Alberto Giordanetti (Materie Plastiche ed Additivi), Emilio Plate (Farmaceutici e Diversificati), Francesco Setti (Gretag San Marco), Cesare Cerchio (Ilford Photo), Aulo Grandi (Multiresine), Mario Lorenzoni (Ergon Sutramed), Renato Tiotto (Titmus), Corrado Sartori (Mettler Strumenti), Kurt Hans Graf (Zyma), Moreno Sereni (Urokon Ciba Vision Care), Massimo Ranghieri (Spectra Physics), Georges Avondo (Ciba Corning Diagnostic)

PRINCIPAL ACTIVITIES: Chemical colourants and products for the textile, paper, leather, cosmetic and detergent industries; pharmaceutical preparations; agricultural products; plastic materials and additives, photographic products; contact lenses; electronic instruments; laser technology

Parent Company: Ciba-Geigy SA, Basle Subsidiary Companies: Multiresine sri; Titmus SpA; Gretag San

Marco SpA; Ergon Sutramed Sri; IIford Photo; Mettler Strumenti Sri; Zyma Spa; Ciba Corning Spectra PhYSics

Principal Bankers: Banca Nazionale del Lavoro; Credito Italiano; Banca Commerciale; Italian a Continental illinois


Sales turnover Profit before tax Profit after tax Retained profit Dividends

31.12.86 L'OOO,OOO

711,221 12,184 4,288 4,288

31.12.87 L'OOO,OOO

754,491

Dividends per share Earnings per share Share capital 50,000

16,118 7,149 4,149 3,000

600 6%

50,000

Principal Shareholders: Ciba-Geigy AG; Ciba-Geigy International No of Employees: 3,455 Group

CIMI MONTUBI SPA Strada Padana Superiore 170, 1-20090 Vimodrone Tel: (02) 250721 Telex: 325329

President: dott ing Angiolo Antonini; Vice President: dott ing Renato Scotto

Directors: dott ing Alberto Caleca (Direttore Generale)

PRINCIPAL ACTIVITIES: Pipeline engineering and construction; design and construction of industrial plants for the electricity, gas, water, chemical and steel industries


Sales turnover


L'OOO,OOO 200,000

DANIEll & C OFFICINE MECCANICHE SPA Via Nazionale, 33042 Buttrio (Udine) Tel: (0432) 2981 Cable: danieli Buttrio Telex: 450022 danieli

Chairman: Dr Ermete Alvisi Directors: Cecilia Danieli (General Manager), Gianpietro

Benedetti, Geremia Nonini, Luigi Danieli, Roberto De Miranda, Rinaldo Ossola, Fritjhof Leufen, Guido Croci, Roberto Venturini, Carlo Angeli

PRINCIPAL ACTIVITIES: Manufacture and sale of plant, machinery and parts of all types of industry

Subsidiary/Associated Companies: Danieli Int Holding SA (Luxembourg); Danieli of America Inc (USA); Danieli Iberica SA (Spain); Societa Comm. Le Danieli SpA; SEI International Sri; F.D.F. Sri; Morgardshammar AB (Sweden); Centro-Test AB (Sweden); Botalam Sri (France); Danieli Engineering Sri; CEDA SpA; ITI/CLM SpA; Denieli Natisone SpA; M.M.T. SpA; TE.Co SID Sri; M.M.T. Estero Sri; Italconsult SpA; Falck SpA; Sabol erie SpA; Bertoli SpA; Nordal SpA; Qua Steel Products Ltd (Nigeria); Alexandria Steelworks (Egypt); Cofindeur Sri; Dan Fin SpA; Finporto SpA; Finprogetti SpA; Finpro SpA; Sofipa SpA; SFIF SpA; Turismo '85 Sri; Frifly SpA; Fida SpA; Sofinda SpA


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share(1) Dividends per share(2) Earnings per share Share capital Shareholders funds (1) ordinary shares (2) savings shares

30.6.88 L'OOO,OOO

458,251 41 ,321 30,174 13,659 16,515

220L 240L 838L

36,000 182,965

127

ITALY Principal Shareholders: SIND SpA (majority); Schloemann

Siemay Italia Sri (16%) No of Employees: 862

DOW ITALIA SPA Via G Murat 23, 20-159 Milano Tel: 27771 Cable: LEPETIT MILANO Telex: 321486 Telefax: 27772366

Chairman: N M Russo Directors: R Sabbioneda (Managing Director)

PRINCIPAL ACTIVITIES: Chemicals and plastics including artificial resins, acids, inorganic chemicals, organic chemicals, chemicals for the paper, textile and oil industries, insecticides, synthetic latex, pharmaceuticals; magnesium alloys and magnesium

Parent Company: The Dow Chemical Company, Midland, Michigan, USA



1986 L'OOO,OOO

510,000 2,382

1987 L'OOO,OOO

566,000 2,528


DU PONT DE NEMOURS ITALIANA SPA Via Volta 16, 20093 Cologno Monzese (Mi) Tel: (02) 253021 Cable: Dupitalia Milano Telex: 314671 Dupit Telefax: 2547765

Chairman: Gordon I Jenkins Executive Directors: Heinz Starcke, Luciano Zuffi

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products and their derivatives; textile fibres, polymer products, electronic products, specialty products, medical products, refinishes, pigments, non-stick products, imaging systems

Parent Company: E.!. du Pont de Nemours & Co Financial Information:

31.12.86 31 .12.87 L'OOO,OOO L'OOO,OOO

Sales turnover 370,600 435,200 Profit after tax 11 ,517 Share capital 2,000

Principal Shareholders: Du Pont de Nemours E.!. & Co, Wilmington, Delaware, USA


ELETTROCARBONIUM SPA Viale della Liberazione 18, 20124 Milano Tel: (02) 67581 Cable: Furnaces Telex: 311103 Elca i

Chairman: Dr P Bonell (also General Manager)

7,150 2,000

PRINCIPAL ACTIVITIES: Manufacture of carbon and graphite electrodes; cathodes for aluminium; graphite equipment for chemical industry

Parent Company: SIGRI GmbH, Meitingen, West Germany Subsidiary Companies: MORGEXCARBO SpA Principal Bankers: The main national banks Financial Information:

Sales turnover

Principal Shareholders: SIGRI GmbH No of Employees: 1,611

L'OOO,OOO 270,000

ITALY ELF ITALIANA SPA 12 via Senato, 20121 Milano (M1) Tel: (02) 783741 Telex: 311375 Elfcom i

Chairman: G E Buffaria, Directors: MAP G Georgin, J C Vauchez

PRINCIPAL ACTIVITIES: Refining and distribution of petroleum and petroleum products

Principal Bankers: Nazagricoltura; Bancroma; Francial; Bancoper


Sales turnover


ENI

Ente Nazionale Indrocarburi SpA Piazzala Enrico Mattei 1, 00144 Roma Tel: 59001 Cable: Enidro Roma Telex: 610082

L'OOO,OOO 1,000,000

Board of Directors: Prof. Franco Reviglio (Chairman), Dott. Ing. Enzo Barbaglia (Vice-Chairman), Dott. L Acrosso, Dott. F Polidoro, Dott. Prof. G Ammassari, Dott. U la Monica, Dott. M Sarcinelli, Dott. Prof. C Fiaccavento, Dott. Ing. G Grignaschi, Dott. Ing. G Cagliari, Dott. Prof. M Baldassari, Dott. Prof. L Cappugi, 'L Landini, 'B P Maculan, 'employee representative

PRINCIPAL ACTIVITIES: Holding company with interests in petroleum, chemicals, engineering and textiles

Subsidiary Companies: AGIP SpA; Savio SpA; Nuova Samim SpA; Snamprogetti SpA; Enichimica SpA; AGIP Petroli SpA; SAIPEM SpA; Nuovo Pignone SpA; Lanerossi SpA; SOFID SpA; SNAM SpA; AGIP Carbone SpA; Enichem SpA; Officine Savio SpA; ENI International Holding BV (Netherlands)


Gross sales turnover L'OOO,ooO

33,520,000

Principal Shareholders: Italian Government (100%) No of Employees: 140,000

ENICHEM AGRICOL TURA SPA Via Medici del Vascello 26, 20138 Milano Tel: (884) 31 11

PRINCIPAL ACTIVITIES: Production of agricultural chemicals including pesticides and fertilisers

Parent Company: ENI Gruppe Financial Information:

Sales turnover

ENICHEM ANIC SPA Piazza Boldrini 1, 20097 San Donato Milanese Tel: (02) 5201 Cable: ANIC Milano Telefax: (02) 52 02 38 54

Chairmen: Antonio Sernia, ing Alberto Burrai

L'OOO,ooO 940,000

PRINCIPAL ACTIVITIES: Manufacture of chemicals including hydrocarbons and related products


Sales turnover

Principal Shareholders: EniChem (94.99%)

ENICHEM FIBRE Via Ruggiero Settimo 55, 90139 Palermo Tel: (091) 58 80 97; 58 60 77 Telex: 310246 ENI

President: Domenico Palmieri

L'OOO,OOO 444,000

128

Directors: Salvatore Luciano Senior Executives: Lorenzo Riva, Carmine Cuomo, Rino Lonati,

Francesco Zanchi, Roberto Ferraris, Ernesto Poli, Gianfranco Molinari, Pietro Zorzato

PRINCIPAL ACTIVITIES: Manufacture of synthetic fibres, non woven fabrics and food packaging products

Trade Names: Fidion, Euroacril, Sironil, Nivion, Terbond, Spun Bonded, Alcantara, Nailonex PA6 Cast

Parent Company: ENICHEM SpA Subsidiary Companies: (100% owned unless stated): Alcantara

SpA (51%); Blucover SpA (50%); Carpol SpA (99.9975%); Fapack SpA; Inca International SpA (89%); Minitow SpA (50%); Seipi SpA (50%); Terbond SpA (99%)

Financial Information: Excl. subsidiary companies 31 .12.86

L'OOO,OOO Sales turnover Profit before tax Profit after tax Retained profit Dividend Dividend per share Share capital

Principal Shareholders: ENI No of Employees: 4,119

ERG SPA

621 ,000 13,000 6,601 4,155 2,446

10L 244,600

Via Romairone 10, 16163 Genova-S. Quirico Tel: 41011 Cable: Petrolgarr Telex: 270264 GARR I Telefax: 710134

31.12.87 L'OOO'OOO

546,547 35,730 34,295 31,849

2,446 10L

244,600

President: Dr Riccardo Garrone (also Managing Director) Directors: Gian Piero Mondini, Rag Domenico D'Arpizio, Mauro

Derchi , Dr Carlo Di Primio

PRINCIPAL ACTIVITIES: Oil refining and supply and marketing Trade Names: ERG Subsidiary Companies: ERGOIL SA; ISAB SpA; SANTO DASSO

SpA; TECNOERG SpA; COLISA SpA; OPAM SpA; AGROERG SpA; FINERG SpA

Principal Bankers: Banca Commerciale Italiana; Credito Italiano; Banco di Sicilia; Banco di Roma; Cassa di Risparmio di Genova e Imperia


Sales turnover

Principal Shareholders: Garrone Family No of Employees: 740

ESSO ITALIANA SPA Viale Castello della Magliana 25,00148 Roma Tel: 59951 Cable: Esso Roma Telex: 620830 esso i Telefax: (06) 59952779

Chairman: W Barnes (also Managing Director)

L'OOO,OOO 1,580,000

Directors: R W Upchurch (Vice Chairman), E de Pedys (Vice Chairman)

PRINCIPAL ACTIVITIES: Oil refining and marketing of oil products

Trade Names: Esso Parent Company: Exxon Corporation, USA Subsidiary Companies: (100% owned unless stated): Azienda

Briantea Carburanti Sri (ABC); Azienda Carburanti Lubrificanti e Affini SpA-Milano (ACLAM); Energia Calore Sri (ENGYCALOR); Exxon Sri; Falca SpA; ICIOM SpA; IPA Gas Sri; Mediterranea Bitumi SpA; Oleodotti Pad ani SpA Soc (SOP) (50%); Raffineria Padani Oilii Minerali-Sarpom SpA; SCOC SpA; Toscana Lavorazione Petroli SpA; F Kuen Sari


31 .12.86

L'OOO,OOO

Sales turnover net 6,319,600

Profit (loss) before tax 78,963


Earnings per share 877L


Principal Shareholders: Exxon Corporation


31 .12.87

L'OOO,OOO

6,600,000

(69,130)

93,890

90,000

EXXON CHEMICAL MEDITERRANEA SPA Via Paleocapa 7, 20121 Milano

Tel: (02) 88031

Cable: Essochem Milano

Telex: 3115611 333072

Telefax: (02) 8803231

Supervisory Board: Dr G Conte (President), Ing A Catanese, Dr J E Akitt

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products for the industry

Parent Company: Exxon Corporation, USA


Sales turnover


FARMITALIA CARLO ERBA SPA Via Carlo Imbonati 24, 20159 Milano

Tel: (02) 69951

Cable: Erbacar Milano

Telex: 330314 Erba Mi

L'OOO,OOO

420,000

Board of Directors: Avv. Alberto Mario Ferrari (Chairman), 'Paolo Morrione (Vice Chairman and Managing Director), Luigi Abete, Luciano Caglioti, Sergio Castriota, Gino Ceriani, Gino Colombo, Giovanni d'Arminio Monforte, 'Giampietro Palazzani, Guiseppe Pichetto, Enrico Pizzi, Romeo Roncucci , 'Renato Ugo, Mario Valeri Manera, Richard C Williams, 'Member of the Executive Committee

Senior Executives: Raffaele Varriale (Secretary of the Board and Executive Committee)

PRINCIPAL ACTIVITIES: The group is involved in manufacturing a wide range of products: bulk chemicals both for sale and ingroup use; active ingredients for use in specialty products; pharmaceutical specialities and OTC goods. The Group also produces reagents, diagnostics and materials for use in laboratories

Trade Names: Marketing lines:- Farmitalia, Carlo Erba. Products:-Adriamycin , Pharmorubicin, Sermion, Olbetam, Orudis, Amplital, Rovamicina, Zimox, Cefamezin, Eposerin, Farlutal, Ibustrin, Seles Beta, Igroseles, Betotal, Euhypnos, Minidiab, Kelfiprim, Tolmicen, Tetralysal

Parent Company: Erbamont NV (Montedison Group)

Subsidiary Companies: Farmitalia Carlo Erba SA (France); Farmitalia Carlo Erba SA (Belgium); Farmitalia Carlo Erba GmbH (West Germany); Farmitalia Carlo Erba Produtos Quimicos E Farmaceuticos Lda (Portugal); Farmitalia Carlo Erba (Switzerland); Farmitalia Carlo Erba (Hellas) A.E. (Greece); Farmitalia Carlo Erba AB (Sweden); Farmitalia Carlo Erba GmbH (Austria): Farmitalia Carlo Erba SA (Spain); Farmitalia Carlo Erba Ltd (UK)


Group sales


L'OOO,OOO

930,000

129

ITALY FIAT LUBRIFICANTI SPA V Andorno 40, 10153 Torino Tel: (011) 836222 Cable: Oliofiat Torino Telex: 220027 Olfiat

Chairman: Dott. Gian Alberto Saporiti Directors: Dott. Alberto Biraghi, Ing. Roberto Borsa, Ing. Gian

Carlo Vezzalini

PRINCIPAL ACTIVITIES: Production of lubricating oils and greases; components

Trade Names: OLIO FIAT Parent Company: Fiat SpA (74.71%), Fidis SpA (25.29%) Subsidiary Companies: (100% owned unless stated): SAPAT

SpA; Olio Fiat Espanola (Spain); Tutela SA (30.8%) (Brazil) Principal Bankers: Banca Commerciale Italiana; Banca

Nazionale del Lavoro; Credito Italiano; Banca Brignone Financial Information:

Sales turnover


FIAT SPA Corso G Marconi 10120, 10125 Torino Tel: (011) 6565.1 Telex: 212200-220026 FIAT I; 220029 FIAT I Telefax: (011) 6565704

L'OOO,OOO 360,000

Board of Directors: 'Giovanni Agnelli (Chairman); 'Umberto Agnelli (Vice Chairman), 'Cesare Romiti (Managing Director), Henry C M Bodmer, Etienne Davignon, Wisse Dekker, 'Gianluigi Gabetti, Franzo Grande Stevens (Secretary to the Board of Directors and the Executive Committee), Bernhard Kapp, Walter Mandelli , 'Mario Monti, Giorgio Pellicelli, Giampiero Pesenti , Richard A Voell, 'Member of the Executive Committee

Executive Officers: Cesare Annibaldi (Head of Public Relations Department), Enrico Auteri (Head of Personnel and Organization Department), Carlo Callieri (Chief Executive for Industrial Policy for certain sectors), Ruggero Ferrero (Chief Executive for Industrial Policy for the other sectors), Giorgio Garuzzo (Managing Director of Iveco), Francesco Paolo Mattioli (Chief Executive for Financing and Accounting), Gian Carlo Vezzalini (Managing Director of FiatGeotech)

Senior Executives:

PRINCIPAL ACTIVITIES: The Fiat Group manufactures automobiles and derived commercial vehicles, buses, and industrial and special vehicles, agricultural tractors and maChinery, construction maChinery, metallurgical products, industrial and vehicle components, production systems, engines and turbines, rolling stock, civil engineering; telecommunications, bioengineering, publishing, tourism and other activities

Trade Names: Fiat, Autobianchi, Lancia, Ferrari, OM, Magirus, Unic, Fiat Trattori , Laverda, Fiat Allis

Principal Companies of the Fiat Group: Automobiles :- Fiat Auto Int Holding BV (Netherlands); Autogestioni SpA; Fiat Auto (Belgio) SA (Belgium); Fiat Auto (France) SA (France); Fiat Auto Nederland BV (Netherlands); Fiat Auto Norge A/S (Norway); Fiat Auto Sverige Ab (Sweden); Fiat Auto (UK) Ltd (UK); Fiat Automobil AG (Germany); Fiat Auto (Suisse) SA (Switzerland); Fiat Automobilier Danmark A/S (Denmark); Fiat Automoveis SA (Brazil); Fiat Automoviles CA (Venezuela); Fiat Hispania SA (Spain); Fiat Auto (Ireland) Ltd (Eire); Fiat Portuguesa Sari (Portugal); Ferrari SpA; Seve I SpA; Tolas AS (Turkey). Commercial Vehicles:- Iveco BV (Netherlands); Iveco Fiat SpA; Iveco Aifo SpA; Amce Co (Ethiopia); Carr Emiliana R Orlandi SpA; Fiat Caminhoes SA (Brazil) ; Fiat Carrelli Elevatori SpA; Fiat Vehiculos Inc SA (Argentina); FIAV CA (Venezuela); Iveco Austria GmbH (Austria); Iveco Danmark A/S (Denmark); Iveco Espana SA (Spain); Iveco Magirus AG (Germany); Iveco Nederland BV (Netherlands); Iveco (Schweiz) AG (Switzerland); IVECO Sweden AB (Sweden);

ITALY Iveco Trucks of N America Inc (USA); Iveco (UK) Ltd (UK); Iveco Unic SA (France); Iveco Zaire Sprl (Zaire); SA Iveco Belgium (Belgium); Rockwell CVC SpA. Agricultural Tractors:Fiat Trattori SpA; Ditta Pietro Laverda SpA; Fiatagri Belgio SA (Belgium); Fiatagri Danmark A/S (Denmark); Fiatagri France SA (France); Fiatagri UK Ltd (UK); Fiatagri Deutschland GmbH (Germany); Fiatagri Australia Pty Ltd (Australia); Fiatagri Espana SA (Spain); Fiat Tractores SA (Argentina); Hesston Corp (USA); Modificaciones y Trasformaciones SA (Spain); Turk Traktor AS (Turkey). Construction Machinery:- Fiatallis BV (Netherlands); Fiatallis Baumaschinen GmbH (Germany); Fiatallis Belgium SA (Belgium); Fiatallis Europe SpA; Fiatallis France MTP SA (France); Fiatallis GB Ltd (UK); Fiatallis Inc (USA); Fiatallis Latino Americana SA (Brazil); Fiatallis North America Inc (USA); Fiatallis Peru SA (Peru); Fiatallis Spare Parts Pte Ltd (Singapore). Metallurgical Products:- Teksid SpA; FMB SA Produtos Metalurgicos (Brazil); Getti Speciali SpA; Gilby SpA; Sima SpA; Sirma SpA. Components:- Aspera SpA; Castagnetti SpA; Cavis SpA; Comind SpA; Comind Sud SpA; Comp Generale Accumul SpA; Fabbr Accumul York SpA; F.1Ii Borletti SpA; Fiat Lubrificanti SpA; Gilardini SpA; Gilardini Sud SpA; Magneti Marelli SpA; Marelli Autronica SpA; Politecna SpA; Sepa SpA; Sepi Metuflex SA (France); Tea-Tecnica Ed Arte SpA; Weber SpA; Weber Do Brasil SA (Brasil); Carter Weber Inc (USA); IVI Sri; Tutela Lubrificantes SA (Brazil). Production Systems:-Comau Finanziaria SpA; Comau SpA; Ind Berto Lamet Impes SpA; Sofinpar SpA; UTS SpA. Civil Engineering:- Fiatimpresit SpA; CIS SPA; Fiat Engineering SpA; ICIS SpA; Impreinvest SpA; Italimpresit SpA; Impresit Costruzioni SpA; Impresit International BV (Netherlands); Borini Prono & Co (Nigeria) Ltd (Nigeria); II Nuovo Castoro SpA; Impregilo SpA; Impresit Bakolori Nig Ltd (Nigeria); Stirling Int CE BV (Netherlands). Railway Equipment and Transportation Systems:- Fiat Ferroviaria Savigliano SpA; Ferrosud SpA; Elettromecc Parizzi SpA; O.ME.C.A. SpA. Aviation:- Fiat Aviazione SpA; Turbo Union Ltd (UK). ThermoMechanics:- Fiat Termomeccanica SpA; Progettazioni Strutturali SpA; Sistemi Energia Sud SpA. Telecommunications:- Telettra SpA; Autophon Italiana SpA; Telettra Argentina SAIC (Argentina); Telettra Electronics Pty Ltd (Australia); Telettra International SA (Luxembourg); Telettra Espanola SA (Spain); Telettra Industrial SA (Mexico); Telettra Norge AS (Norway); Telettra Swaziland Pty (Swaziland). Bioengineering:- BV Bioengineering Int (BEl) (Netherlands); Sorin Biomedica SpA; Deutsche Sorin Biomedica GmbH (Germany); Sorin Biomedica Argentina SA (Argentina); Sorin Bio Industrial Ltda (Brazil); Sorin Espana SA (Spain); Sarin France SA (France); Sorin SA (Switzerland). Publishing:- Itedi SpA; Editrice La Stampa SpA; Publikompass SpA. Tourism and Transport:- Ventana SpA; Sadi SpA; Sadem SpA; Sapav SpA; Savda SpA; Sita SpA; Research and Development:- Centro Ricerche Fiat S Cons PAz. Finance and Miscellaneous:- Fidis SpA; Augusta Assicurazioni SpA (60%); IHF-Internazionale Holding Fiat SA (Switzerland); Sogespar-Sta Gestioni Partecipazioni Sri; Fiat Servizi per l'lndustria Spa (52%); Segest-Servizi Gestionali SpA; Sisport Fiat SpA; Fiat Oriente SAE (Egypt); Sicind SpA; Attivita Immobiliari SpA; IFA SpA; Sava SpA; Sava Leasing SpA; Scui SpA; UFI SpA; Gemina SpA; Sifind SpA; SNIA BPD SpA; Deutsche Fiat GmbH (Germany); Fiat France SA (France); Fiat USA Inc (USA); Fiat Do Brasil SA Part (Brazil); Fiat Concord SA (Argentina); Fiat Credit Europe PLC (UK); Fiat Credit France SA (France); Fiat Credit NV (Netherlands); Fiat Finance Holding BV (Netherlands); Fiat Finance SA (Switzerland); Fiat Kredit Bank GmbH (Germany); Fiat Credit Nederland BV (Netherlands); Fiat Finance Ltd (UK)

Principal Bankers: All principal banks in Italy and abroad

130


Net sales and revenues Profit before tax Profit after tax Retained profit(1) Dividends Dividends per share(2) Earnings per share(2) Capital stock (1) and other reserves (2) ordinary

Principal Shareholders: IFI SpA

31.12.86 L'OOO,OOO

29,337,000 2,974,000 2,162,000 3,813,000

26,000 212L 977L

2,250,000

No of Employees: 277 ,000 world-wide

FINA ITALIANA Via Rossini 6, 20122 Milano Tel: 7759 Cable: Finitalia Telex: 311210 finitalia mi; 311252 finitalia mi Telefax: 6693697

President: G Caldana (also General Manager)

31.12.87 L'OOO,OOO

38,435,000 3,190,000 2,373,000 5,191,000

43,000 270L

1,012L 2,340,000

Directors: R Monniello (General Manager), G Bianchi, G de Fauconval

PRINCIPAL ACTIVITIES: Petroleum and derivatives; chemicals, detergents

Parent Company: Petrofina SA, Brussels, Belgium Subsidiary Companies: Raffineria di Roma SpA; Sigma Coatings

SpA; Finalube SpA Principal Bankers: All major Italian Banks Financial Information:


31.12.87 L'OOO,OOO 2,258,000

100,000

31.12.88 L'OOO,OOO 2,488,000

100,000

Principal Shareholders: Petrofina SA, Brussels, Belgium No of Employees: 500

FINSIDER

Societa Finanziaria Siderurgica Viale Castro Petorio 122, 00185 Roma Tel: 46971 Cable: Finsider Roma Telex: 610088

Chairman: Dr M Lupo Directors: Dr Ing G Gambardella (Managing Director), Ing.

Giorgio Benevento (General Manager), Dr G Bisignani, Dr-Ing G Brianza, Dr R Cassaro, Dr-Ing P Colonna, Dr M Longo, Dr Prof T Malvetani, Dr E Micheli, Dr G Nasi, Dr B Steve, Dr Avv V Tracanella

PRINCIPAL ACTIVITIES: Holding company for the iron and steel industry; other interests include the manufacture of cement, refractories, chemicals, engineering, transport and construction. NOTE: Shareholders have taken a vote and after May 1989 the company will be regrouped in a new operating company to be called liva

Subsidiary/Associated Companies: (100% owned unless stated): Nuova Italsider; Terni; Dalmine; Deltasider; Impiantistica Industriale; Attivita' Diversificate; Finsider International; C.S.M.; Cementir (51.02%); Ponteggi Dalmine; Tubi Ghisa (75%); Morteo Soprefin; Sidercomit; Siderexport; Rifornimenti Finsider; Nuova Sanac; IlIiic; Icrot; Italimpianti (51.46%)


Consolidated turnover L'OOO,OOO 9,440,000

Principal Shareholders: IRI Istituto per la Ricostruzione Industriale (99.5%)


FOSTER WHEELER ITALIANA SPA Via Vittor Pisani 25, 20124 Milano Tel: 67821 Cable: REWOP Milano Telex: 310548 Rewop I Telefax: 67823131

President: C Ferrari; Vice Presidents: F Bramati, L Gianna, F Bignami

Directors: M Colombara (Director Sales and Marketing), G Bonadies (Vice President Marketing and Sales FW International)

PRINCIPAL ACTIVITIES: Engineering company; design and construction of petroleum, petrochemical, chemical, pharmaceutical, food, textile, thermal and antipollution plants

Trade Names: Foster Wheeler Italiana Parent Company: Foster Wheeler Corporation, Livingston, New

Jersey, USA Subsidiary Companies: In Milan, Rome, London, Glasgow,

Paris, Madrid, Damman, Lagos, Shannon, Montreal, Caracas, Singapore, Hong Kong, Perth, Istanbul

Principal Bankers: Banca Nazionale del Lavoro; Credito Italiano; Banca Commerciale Italiana; Chase Manhattan Bank


Sales turnover L'oOO,Ooo

96,000

Principal Shareholders: FW International Corporation No of Employees: 770

GRUPPO LEPETIT S.P.A. See LEPETIT, GRUPPO, S.P.A.

HENKEL CHIMICA SPA Via Como 22, 22074 Lomazzo Tel: (010) 39296370811

President: Giorgio Mira

PRINCIPAL ACTIVITIES: Production of general chemicals, fertilisers and pesticides; thermoplastic resins and silicon products

Parent Company: Henkel KGAA, Germany Principal Bankers: Comitbanca; Popolarbanca Bologna; Monte

Paschi Financial Information:

Sales turnover


HENKEL SUD SOC Ponte la Pietra, 03013 Ferentino Tel: 34081 Telex: 612307 henkfe i

L'ooO,OOO 150,000

PRINCIPAL ACTIVITIES: Manufacture of chemicals Parent Company: Henkel KGAA, Germany Financial Information:

Sales turnover


HOECHST ITALIA SPA Via Marco Ulpio Traiano 18, 20149 Milano Tel: (02) 31071 Cable: Emelfa-Mi Telex: 331181; 320165; 332124 Mi HOEIT I Telefax: (02) 3311351

L'OoO,OOO 270,000

Board of Directors: Francesco Cimmarrusti (Presidente), Karl G von Asboth (Amminastratore delegato e Direttore Generale), Paolo Bonell, Gerardo Broggini, Agostino Carandente, Werner Cermak, Roberto Corte, Juergen Dormann, Claudius Hofmann, Dieter Jehring, Rolf Kroeger (Direttore Centrale),

131

ITALY Guenter Metz, Andrea Peracino, Ortulf Reuter, Manfred Rudolphi, Christoph von Schwartzkoppen, Karl-Gerhard Seifert, Giorgio Zanardi

Executive Committee: Karl G von Asboth (Presidente), Dr Werner Cermak, Dr Dieter Jehring, Rolf Kroeger, Prof Andrea Peracino, Dr Ortulf Reuter, Dr Manfred Rudolphi, Avv Giorgio Zanardi

PRINCIPAL ACTIVITIES: Manufacture of and trade in chemicals, pharmaceuticals, colourants, agricultural chemicals, fibres, chemical reagents, medical and surgical equipment, laboratory equipment, products for the cosmetics industry, chemicals and equipment for the printing industry

Parent Company: Hoechst Aktiengesellschaft, Frankfurt/Main , Germany

Subsidiary Companies: Albert-Farma SpA; Cas a Editrice II Ponte Sri; Cassella-med Italiana SpA; Hoechst Italia Sud SpA; Hoechst Sara SpA; IMG-Industria Materiali Grafici-SpA; Istituto Behring SpA; Novacrome SpA; Vernici Lalac SpA. Associated Companies: Messer Griesheim Italiana SpA; Roussel-Hoechst Agrovet SpA; Sulfochem SpA

Principal Bankers: Major Italian Banks Financial Information:



ICIITALIA SPA Viale Isonzo 25, 1-20135 Milano Tel: (02) 54921

Cable: IMPKEMIX-MILANO Telex: 310282 icimil Telefax: (02) 5453320

Chairman: Harry Richter

31.12.86 L'OOO,OOO

227,130 9,413

30,000

31.12.87 L'OOO,OOO

245,229 8,939

30 ,000

PRINCIPAL ACTIVITIES: Wholesale trade and distribution of synthetiC fibres, reSins, chemicals and plastiCS. Manufacture of pharmaceuticals

Parent Company: Imperial Chemical Industries PLC, UK Financial Information:

Sales turnover


31.12.87 L'OOO,OOO

247,000

IPLOM SOCIETA PER AZIONI SPA Via C Navone 3/B, 16012 Busalla (GE) Tel.' (010) 932671 Cable: IPLOM Genova Telex: 271313; 283888 IPLOM I Telefax: 932059

President: Alberto Girard; General Manager: Giorgio Profumo Directors: Renzo Ravasio, Luigi Profumo

Managers: Carlo Felice Perasso (Trading Manager), Donnino Ubaldo Rastelli (Technical Manager)

PRINCIPAL ACTIVITIES: Petroleum refining

Parent Company: OLGESA Spa-FINOIL Spa Principal Bankers: Banca Commerciale Italiana; Banca Popolare

di Novara; Cassa di Risparmio delle Provincie Lombarde; Banco di Sicilia; Banco di Napoli; Cassa di Risparmio di Genova e Imperia; Banco di Roma; Monte Paschi di Siena


Sales turnover

Principal Shareholders: FINOIL SpA No of Employees: 237

L'OOO,oOO 230,000

ITALY ISAOIL SPA Via Vitaliano Brancati 60, 00144 Rome Tel: (06) 500921 Cable: ISAROMA Telex: 616101 ISA RM I Telefax: (06) 5017916

Board of Directors: dott Pio Zunino Reggio (President), dott Luigi Regis Milano (Vice President), Domenico D' Arpizio (Managing Director), Giuseppe Accorinti, Alberto Cattaruzza, Gian Piero Mondini, Carlo Sallustio, Francesco Zofrea, avv Massimo Pezzolo

PRINCIPAL ACTIVITIES: Production and refining of lubricating oils and greases, petroleum derivatives and related products


ITALIMPIANTI

Societs Italiana Impianti Piazza Piccapietra 9, 16121 Genova Tel: (010) 5529.1 Cable: Italimpianti Telex: 270262 Telefax: 581443

President: Prof Raffaele Picella Directors: F Tornich (Deputy Chairman and Managing Director),

G B Clavarino (Deputy President), F Carretta (General Manager), H Piaggio (General Manager), G Tacchi (General Manager)

PRINCIPAL ACTIVITIES: Italimpianti specialises in plant engineering, design and construction of large industrial plants. Italimpianiti's main fields are iron and steelmaking, non-ferrous metallurgy, environment protection, cement, desalting, power systems, marine works, mining engineering, coal technology, regional industrial planning

Parent Company: Finsider Subsidiary Companies: Castalia; Cmf Sud; Ifagraria; Innse;

Tagliaferri; Newport; Nitco; Nuova Cimimontubi; Nuova Mecfond; Protos; Sirco Trading; Tecnal; Tecnicon; Tecnomare


Total revenues L'OOO,OOO 1,350,000

Principal Shareholders: Finsider (51%); Finmeccanica (25%); Iri (22.49%); Fincantieri (1.51%)


LEPETIT, GRUPPO, S.P.A. Via G Murat N23, 20159 Milano Tel: +39 2 27 771 Cable: Lepetit-Milano Telex: 321486 Telefax: 27772366

President: E Lepetit Directors: P Klose (Deputy President), E R Fossati (Deputy

President), N M Russo (Managing Director), R Sabbioneda, K C Kuyper, L Gironi, A J Butler, F Parenti, A Boccalatte

Senior Executives: V E 0 Castellano (Secretary)

PRINCIPAL ACTIVITIES: Pharmaceuticals and proprietary medicines, medical supplies; surgical supplies

Trade Names: Lepetit Parent Company: Merrell Dow Pharmaceutical Inc Financial Information:

Sales turnover Profit after tax Dividends per pref share Dividends per ord share


1986 L'OOO,OOO

320,000 487

890l 810L

1987 L'OOO'OOO

269,000 1,489 580L 500L

132

MIRA LANZA SPA Via Rivarolo 14, 1-16161 Genova

Tel: (010) 41001

Cable: Miralanza

Telex: 271199 mirage i

President: Dr G Glisenti

Directors: Prof Vito Bompani (Vice-President)

PRINCIPAL ACTIVITIES: Production of a broad range of household, industrial and institutional goods including synthetic detergents, intermediates, aerosols and disposable paper products

Subsidiary/Associated Companies: Lavenderie Venute SpA; Super Iride SpA; Mira Lanza International SA; Commerciale Mira Lanza SpA; Beni Immobili Italia SpA


Sales turnover


MOBIL OIL ITALIANA SPA Piazzala dell'Agricoltura 24,00144 Roma

Tel: 59071

Cable: Mobiloil

Telex: 610104 MOBIL I

President: R O'Neil

L'OOO,OOO

400,000

Directors: G V Crovetto, F Di Martino, G Peri, R 0 Pompei, L Zuccarello

PRINCIPAL ACTIVITIES: Refining of crude oil and marketing of fuel and lubes products

Trade Names: MOBIL

Parent Company: Mobil Oil Corporation

Principal Bankers: BNL; BCI; Citibank


Sales


MONTEDIPE SPA Via Rosellini 17,20124 Milano

Tel: (02) 63331; 62701

Cable: Montedipe Milano

Telex: 310679 monted i

Telefax: (02) 6270.8255

Chairman: Dr Riccardo Rotti

L'OOO,OOO

3,250,000

Directors: Dr Andrea Mattiussi (Chief Executive Officer and Managing Director), Ing Lionello Amato (General Director)

PRINCIPAL ACTIVITIES: Production and sale of basic chemical products, petrochemical intermediates and plastics

Trade Names: Chemicals: CELENFLUID, NIXOLEN, PRIOWAX, VORCLlN, VORS. Plastics: EDISTIR, EXTIR, KOBLEND, KOSTIL/PLASCOM, TEDIMON, PO LYSTAC , GLENDION/TECNOPRENE, ULTRASTYR, PI BITER, LUXOR, TERNIL/VEDRIL, VEDRILSER, VITREDIL/VINAVIL, RESIAPAT, CRILAT, EVAPAT

Parent Company: Montedison SpA

Main Subsidiary Companies: Vedril; Stac; Montepur Chemie; Finamont; Montepolimeri Belgio; Plascofoam; Safiplast; Monteco; Marghera Butadrene

PrinCipal Bankers: All main Italian banks


31.12.86

L'OOO,OOO





Dividends 44,273

Dividends per share 326L

Earnings per share 438L


Principal Shareholders: Montedison Group (100%)


MONTE DISON SPA Foro Buonaparte 31, 20121 Milano

Tel: (02) 63331

Cable: Montedison

Telex: 310679 montedis

31.12.87

L'OOO,OOO

2,535,654

272,470

210,872

50,458

114,221

667L

1,137L

185,450

Board of Directors: "Raul Gardini (President and Chairman), "Alexander F Giacco (Chief Executive Officer, Vice Chairman and Managing Director for Strategy and Industrial Management), "Giorgio Porta (Vice Chairman for General Affairs and Industrial Activities), "Sergio Cragnotti (Vice Chairman for Special Affairs), "Lino Cardarelli (Managing Director for Financial Policy), Enrico Pizzi (Secretary), "Mario Conde, "Mauro De Andre, 'Arturo Ferruzzi, Giuseppe Garofano, Fabio Inghirami, Salvatore Ligresti, Adone Maltauro, "Renato Picco, Enrico Randone, Lino Rondelli, Paul Tjepkema, Victor Uckmar, Carlo Vannini, Jean Marc Vernes, Horst Detlev von der Burg, "Members of the Executive Committee

Statutory Audit Committee: Prof Luigi Guatri (President). Standing Statutory Auditors: Enrico Gianzini, Giuseppe Pietrasanta, Sergio Pivato, Roberto Magnani. Substitute Statutory Auditors: Luigi Cape, Ferdinando Superti Furga

Senior Executives: Managers by business sector: Giuseppe Bencini (Fibres), Gian Carlo Cimoli (Energy), Ezio Colombo (Functional Chemicals), Ettore Dell'lsola (Agroindustry), Gian Luigi Diaz (Consumer and Fabricated Products), Giovanni Di Drusco (Advanced and CompOSite Materials), Paolo Morrione (Pharmaceuticals), Giuseppe Garofano (Services), Andrea Mattiussi (Petrochemicals and Plastics), Leonard Rosenblatt (SpeCialty Chemicals and High Performance Materials). Department Heads: Gian Carlo Ciaccia (Legal and Corporate Affairs), Alvise Conciato (Administration and ContrOl), GiorgiO Rigamonti (Personnel)

PRINCIPAL ACTIVITIES: The Montedison Group is a leading international diversified chemical group and is the second largest private sector industrial concern in Italy in terms of turnover. It is engaged in a wide range of businesses which are divided into four segments: Chemicals which includes petrochemicals and plastiCS, specialty chemicals and high performance materials, fibres, agroindustry products, consumer and fabricated products, functional chemicals and other businesses. Energy which includes petroleum and aromatics products, electric power and oil and gas exploration and production. Pharmaceuticals which includes the manufacturing and marketing of ethical pharmaceuticals, specialty bulk products, diagnostics and reagents and overthe-counter products. Services which includes retailing; insurance; property; engineering, construction and telecommunications; financial services; and other businesses

Trade Names: Moplen, Mopen R, Adriblastina, Daunoblastina, Adriamycin, Epirubicin, Fomblin, Algoflon, Tecnoflon, Terital, Leacril, etc

Holding Company: Montedison SpA

Subsidiary Companies: Montedison is the parent company of the Montedison Group and holds, directly or indirectly, shares in a large number of subsidiaries and associated companies

133

ITALY in many countries. The most important are: Acna, Agrimont, Antibioticos, Ausimont, Erbamont, Farmitalia-Carlo Erba; Iniziativa ME.T.A.; Montedipe; Montefibre, Rol, SELM, Standa


L'OOO,OOO L'OOO,DOO Sales turnover 12,834,000 13,791,DOO Profit before tax 641,000 874,000 Profit for the year 320,000 409,000 Dividends 115,000 151,000 Dividends per ord share 40L 40L Dividends per savings share 60L 60L Share capital 2,568,000 2,705,000

Principal Shareholders: The Ferruzzi Group No of Employees: 66,785 Group

PANTA COMMERCIAlE SPA Via San Vittore 34, 20123 Milano Tel: (02) 43 90131 Telex: 314026 Pantam i

President: dott Adolfo Vannucci

PRINCIPAL ACTIVITIES: Manufacture of chemicals Parent Company: Cameli & Co SpA Principal Bankers: Monte Paschi; Popolbanca Milano Financial Information:

Sales turnover

PIERREl SPA Via Bisceglie 96, 20152 Milano Tel: (02) 57901 Cable: Pierrel Milano Telex: 321590 pierrel; 31005 pierrel

President: G Caron Directors: G D'Arminio Montforte

L'OOO,OOO 1,106,000

PRINCIPAL ACTIVITIES: Manufacture and distribution of pharmaceutical specialities and bulk chemicals; disposable hospital supplies; medical equipment

Trade Names: Infectrin, Gravigen, Generman, AZ15, Azverde, Wing Set, Jolly, Triohlungo, Ohb 12, Demestella, Medixin, Algesina, etc


Sales turnover


L'OOO,OOO 107,000

PROCTER & GAMBLE ITALIA SPA Viale C Pavese 385, Casa Postale 10075, 1-00100 Rome Tel: (06) 54661 Telex: PG1 1 610092

Chairman: Edwin L Artzt Directors: Alessandro Baldrini (Vice President and Managing

Director), Larry G Dare, Carlo Di Biagio, Giovanni Dinale, Harald Einsmann, Giancarlo Marchetti, James W Nethercott, Aldo Sabelli

PRINCIPAL ACTIVITIES: Manufacture of soap, detergents and fabric conditioners, polishes, disposable nappies and other household products

Trade Names: Ariel, Tide, Dash, Monsavon, Camay, Camay Chic, Mastro Lindo, IES, Spic & Span, Lenor, Ultra Pampers, Ace, Splendid, Caramba

Parent Company: Procter & Gamble Company, USA Financial Information:

Sales turnover


L'OOO,OOO 765,000

ITALY RIVOIRA SPA Corso Belgio 107, 10153 Torino Tel: (011) 88.041 r.a. Cable: Rivoiragas Telex: 221156 rivoir i Telefax: 88.04.428

Chairman: Ing Giorgio Beccaria Directors: Ing Elio Moschetti (General Manager)

PRINCIPAL ACTIVITIES: Technical, high purity and blended gases, criogenic equipment; plant for the production and utilisation of the gases; plant and equipment for welding and cutting

Subsidiary/Associated Companies: Carbitalia SpA; Rivoira Sud SpA

Principal Bankers: All major banks Financial Information:

Sales turnover L'OOO,OOO

103,000

Principal Shareholders: !.G.!. SpA (50% Union Carbide, 50% ENI Chimica)


ROHM AND HAAS ITALIA SPA Via Vittor Pisani 26, 20124 Milano Tel: 6784.1 Cable: Romhas Telex: 310510 rom has Telefax: 652009

Chairman: Dr A Gerosa Directors: Carlo Franceschelli (Finance Director)

PRINCIPAL ACTIVITIES: Acrylic resin emulsions, ion exchange resins, plastic modifiers, monomers, petroleum chemicals, fungicides, acaricides, herbicides

Trade Names: PRIMAL, PARALOID, AMBER LITE, DUOLlTE, PLEXOL, OROGLAS, OROTAN, TRITON, KATHON, ACRYSOL

Parent Company: Rohm and Haas Company, Philadelphia, Pennsylvania, USA

Principal Bankers: Banca Commerciale Italiana; Credito Romagnolo; Banca Nazionale Del Lavoro


Sales turnover


SADELMI COGEPI S.P.A. Via Pergolesi 25, 20124 Milano Tel: (02) 67721 Cable: Sadelmi Telex: 311094 Sademi Telefax: 677 2415

President: Ing. Ottorino Beltrami

31.12.86 L'OOO,OOO

168,000

31.12.87 L'OOO,OOO

176,500

Management Board: Ing. Giorgio Orsi (Managing Director), Dr Alberto Cerruti (Director), Dr Antonio C Mosconi (Director), Dr Enzo Papi (Director), Timothy F Daly (Director)

Senior Executives: Ing. A Craparotta (General Manager), Ing. G Greselin (General Manager-Foreign Affiliates), Ing. L Giuffrida (Middle East Area Manager), Ing. A Baiocchi (Algeria and Black Africa Area Manager), Ing. V Braccini (Sales Manager), Ing. R Siniscalchi (Italy Area Manager), Ing. A P Petrelli (Marketing Manager)

PRINCIPAL ACTIVITIES: Engineering, supply of materials and erection of electrical and mechanical installations, industrial plants, civil construction and any type of mechanical work, electric power generation, transformation, transmission and distribution

Parent Company: General Electric Co. USA Subsidiary Companies: In Italy, Saudi Arabia, Nigeria,

Venezuela, Spain and USA

134

Principal Bankers: Credito Italiano, Banca Commerciale Italiana, Banca Nazionale del Lavoro, Citibank, Credito Commerciale, all major corresponding Banks in the countries where company operates



167,000

Principal Shareholders: General Electric Co, USA (80%); Fiatimpresit, Italy (20%)


SAFFA S.P.A. Via de Medici 17, Pontenuovo di Magenta (MI) Tel: 02/97.96.01 Cable: Saffa Milano Telex: 312677 saffam i Telecopier: 02/97960-555

Chairman: G Glisenti Directors: C Bianconi (Vice Chairman and Managing Director), A

Galli (Vice Chairman), A C Bonomi, I Pasquon, A Friggi, A Provasoli, C Scognamiglio, E Ugolini, D C Poole, C Bonomi

Senior Executives: A Friggi

PRINCIPAL ACTIVITIES: Italy's leading manufacturer of coated duplex and triplex folding boxboard and matches. It is also an important producer of chemical products in the field of phosphorus derivatives

Subsidiary Companies: Isfa SpA; Sella & Mosca SpA; Agricola iI Corallo Sri; Cartiere di Verona SpA; Immobiliare Janua Sri; Saffapack Sri; Saffafrance Sari; Italmatch Sri; La Papelera Espanola SA; Reno De Medici SpA


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital

Principal Shareholders: ISFINA SpA No of Employees: 1 ,422

SAIPEM S.P.A.

31.12.86 L'OOO,OOO

228,581 31,978 18,178

2,701 15,477

370L 412L

44,100

PO Box 12072, 20097 San Donato Milanese Tel: (02) 5201 Milano Cable: SAIPEM-Milano Telex: 310246 ENI for SAIPEM-Milano Telefax: (02) 52023130

31.12.87 L'OOO,OOO

246,649 41,009 32,609 14,867 17,742

390L 685L

47,634

Directorate: Giovanni Dell'Orto (Chairman and Chief Executive Officer), Alessandro Andreani (Vice President, Managing Director), Carlo Fiore (Managing Director Construction Division), Arnaldo Patriarca (General Manager Drilling), Luigi Clementi (Managing Director Finance and Administration), Luigi Schiavone (General Manager Human Resources), Francesco Fiumara (General Manager Infrastructures)

PRINCIPAL ACTIVITIES: SAIPEM SpA, a head company of the ENI Group, offers its services as international contractor through its operating divisions in the following main fields of activity: Drilling Division: Land Drilling, Offshore Drilling. Land Construction Division: Oil, gas and slurry pipelines, petroleum, petrochemical, chemical, industrial plants, etc. Offshore Construction Division: Submarine pipelines, fixed platforms, marine terminals, loading jetties, Single buoy moorings, etc. Civil Infrastructure Division: Urban transportation systems, power plants, water transmission lines, etc

Parent Company: ENI Subsidiary Companies: Saipem International Drilling Ltd

(Bermuda) with branches in Equador, Paraguay and Peru; ENI International Bank (Jersey); Saipem Argentina (Argentina);

Saipem Australia Pty Ltd (Australia); Rockdril Contractors Pty Ltd (Australia); Saipem Nigeria Ltd (Nigeria); Saudi Arabian Saipem Ltd (Saudi Arabia); Saipem AG (Switzerland); Saipem International AG (Switzerland); Saipem UK Ltd (UK); Intermare Sarda SpA (Italy); Petre x SA (Peru). JOintly Controlled: Rio Colorado SA (Argentina); E.M.C. (European Marine Contractors Ltd) (UK). Branches in Algeria, Congo, Egypt, India, Iran, Iraq, Libya, Nigeria, Oman, Sharjah, Tunisia and Turkey


Sales turnover Profit before tax Profit after tax

1986 L'OOO,OOO 1,309,020

67,167 51 ,614

1987 L'OOO,OOO 1,072,417

29,574 22,751

Principal Shareholders: ENI (46.2%); AGIP (12.4%); SNAM (10.9%); Others (30.5%)


SANDOZ SPA Via C Arconati 1, 20135 Milano Tel: 5795 Cable: Sandoz Milano Telex: 311156

President: Dr A Zocca

PRINCIPAL ACTIVITIES: Agricultural chemicals, dyestuffs, pharmaceuticals, proprietary medicines

Parent Company: Sandoz Ltd, Switzerland Principal Bankers: Popolbanca Milano; Comitbanca;

Napolbanco; Credit; Bancoper; Vonwiller; Meritbanca; Berlinzaghibank; Comcredito; Sicilbanco


Sales turnover


SARAS SPA RAFFINERIE SARDE Gall de Cristoforis 8, 20122 Milano Tel: (02) 7737 Cable: Saras Milano Telex: 311273 saras i Telefax: (02) 790 640

President: Dr Gian Marco Moratti

L'OOO,OOO 120,000

Directors: Dr Massimo Moratti (Managing Director and General Manager), Ing Aurelio Guccione (Vice President and Vice General Manager), Ing Gilberto Callera

PRINCIPAL ACTIVITIES: Distillation and refining of crude oil Subsidiary Companies: Saras Commercia Ie SpA; Arcola

Petrolifera SpA; Saras Petroleum SA Financial Information:



SHELL ITALIA SPA Via Londonio 2,20154 Milano Tel: (02) 38851 Cable: Shellmilan Telex: 331416 SHELMII Telefax: (02) 3314113

President: 0 Van Den Broek

31.12.86 L'OOO,OOO

885,383 4,417

22,000

31.12.87 L'OOO,OOO

877,633

33,000

Directors: H Du Rouret, P J Duncan, 0 Chelli, H J Alkema

PRINCIPAL ACTIVITIES: Manufacture of lubricants and agrochemicals; trade in lubricants for industrial and automotive applications; trade in oil products, agro-chemicals, petrochemicals, coal, marine and aviation fuels and lubricants

135

ITALY Parent Company: Shell Petroleum NV, The Hague Principal Bankers: Credito Italiano; Banca Commerciale Italiana;

Cariplo Financial Information:

Sales turnover

Principal Shareholders: Shell Petroleum NV No of Employees: 280

SIAPA Societa Italo Americana Prodotti Antiparassitari Via Yser 16, 1-00198 Roma Tel: (06) 84345 Telex: 612624 siapar i

President: Ferdinando Truzzi Directors: Luigi Scotti , Marcello Corpetti

L'OOO,OOO 634,000

PRINCIPAL ACTIVITIES: Manufacture of fertilisers , insecticides, pesticides and chemicals for timber treatment


Sales turnover


SIO SPA

L'OOO,OOO 150,000

Societa per l'lndustria dell'Ossigene di Alln. Gas SpA Via Capecelatro 69, 20148 Milano Tel: (02) 40261 Cable: Siossigeno Telex: 37087 ossigeno

Board of Directors: L Chiaraviglio (Chairman), M Legrand (Vice Chairman), V Rostagno (Vice Chairman), A Bottiglia (Managing Director), J Delorme, C Deschars, M George, A Lot, F Mattei, J Pineau, G Piantini , U Zanni

Management Board: A Bottiglia, J P Breton, G Quaglia

PRINCIPAL ACTIVITIES: Production and distribution of industrial gases including oxygen and acetylene

Subsidiary Companies: SIEV SpA (51%); SIO SARDA SpA (50%); FRO SpA (99.97%); SID SUD SpA (80%); OMNIATRANSIT (73%)

Principal Bankers: Comitbanca; Monte Paschi; Credit Financial Information:

Sales turnover


SIR FINANZIARIA SPA Via Grazioli 33, 20161 Milano Tel: (02) 6400 Cable: Sirrochi Telex: 330515 sirci i Telefax: 6464631

L'OOO,OOO 190,000

President: Ing Giorgio Piantini; Vice President: Ing. Riccardo Gallo

Directors: Ing Gianni Bertuzzi (Managing Director), Prof Roberto Passino, Dr Franco Jorio, Ing Giuseppe Daniele, Avv Ennio Della Nesta

PRINCIPAL ACTIVITIES: Holding company with interests in: chemicals, resins, plastiC products, soap and detergents, toiletries and cosmetiCS, industrial building, plastics and metal packaging , steel tubes, needle felt

Subsidiary/Associated Companies: Societa Italiana Resine-SIR SpA; Brill SpA; Viset SpA; NIR SpA; Meres Sri; MVR SpA; ITIM SpA; Salcim SpA; Stirosir SpA; Sirpack SpA; Tessilrama SpA; Tubificio di Solbiate SpA; Colorplast Sri

ITALY Financial Information:


370,000

Principal Shareholders: Consorzio Bancario SIR SpA No of Employees: 2,500

SISAS

Societa Italiana Serie Acetica Sintetica SpA Largo Corsi a dei Servi 3, 1-20122 Milano Tel: (02) 77261 Cable: ACETSISAS Telex: 311284 sisas i Telefax: (02) 782466

Board of Directors: dott Luciano Falciola (Presidente), A Falciola (Amministratore Delegato e Direttore Generale), J H Bolhen, P Cremagnani, P M Pasolini dall'Onda, R Platz, G V 0 Schueren, A Tombolini

PRINCIPAL ACTIVITIES: Manufacture of chemicals Subsidiary Companies: (100% owned unless stated): Sicam SpA

(85%); Milde di Navigazione SpA (50%); Milde Trading SpA (30%) (Switzerland); Finline Sri (99.9%); SISAS GmbH (Monaco); SISAS (UK) Ltd (UK); SISAS Inc (USA); Sisas Mediterranea (Spain) (80%); Soc Parisienne de Petrochimie (99.83%) (France); Pantochim SA (Belgium); SIO SpA (20.56%); Chempetrol Italia SpA (25%); Immobiliare Graf SpA (16%); Promozioni Immobiliari Sri (82%); Is Arenas SpA (39.6%); SOBIFIN SA (Belgium)

Principal Bankers: Com it; Banco Roma; Banca Nazionale del Lavoro; Credito Italiano; Manufacturers Hanover Trust; Banque Bruxelles Lambert; Banque Pari bas


L'OOO,OOO L'OOO,OOO Sales turnover 222,352 230,001 Profit before tax 2,259 3,744 Profit after tax 1,510 2,761 Retained profit 1,510 2,761 Earnings per share 495.08L Share capital 30,500 30,500 Shareholders funds 82,723 83,421

Principal Shareholders: SIREF SpA (90.65%); Famiglia Falciola (~.35%)


SNAMPROGETTI SPA Viale A De Gasperi 16, 20097 San Donato Milanese, Milano Tel: 02-5201 Cable: SNAMPROGETTI-MILANO Telex: 310246-ENI

Chairman: dr. Duilio Greppi Directors: ing. Mario Merlo (Managing Director), ing. Ruggero

Benetti (General Director), rag. Francesco Chiariello (General Director Finance and Administration), ing. Mario Parmegiani (General Director Strategic Planning and Technological Development), dr. Costante Bassot (Director for Personnel and Organization)

PRINCIPAL ACTIVITIES: SNAMPROGETTI, the international engineering contractor and technology company of the ENI Group, is working worldwide on the development, design and construction of industrial facilities and associated infrastructures which include pipelines and plants for offshore processing, refining, gas treatment, fertilizers, chemicals, metallurgical processing and waste treatment. Snamprogetti offers highly qualified services covering a range from individual packages of integrated services up to complete "turn-key" projects. The scope of these services for most products includes: technical and economic feasibility studies, project financing arrangements, basic and detailed engineering, risk analysis, quality assurance, procurement,

136

construction, training of skilled workers and plant operators, plant start-up and operations, product marketing assistance

Trade Names: SNAMPROGETTI SpA Parent Company: ENI (Ente Nazionale Idrocarburi) Subsidiary Companies: COMERINT; AQUATER; TEMA;

SNAMPROGETTI SAUDI ARABIA L TO; SNAMPROGETTI INTERNATIONAL SA GINEVRA; SNAMPROGETTI U.S.A. INC; SNAMPROGETTI L TO UK

Principal Bankers: Banca Nazionale Del Lavoro Financial Information:

L'OOO,OOO Sales turnover 856,000


SNIA BPD SPA Via Borgonuovo 14, 20121 Milano Tel: 63321 Cable: Viscosnia Milano Telex: 310343 SNIA I Telefax: (02) 6332384

Chairman: Cesare Romiti Directors: A Belloni (Deputy Chairman), 0 Corradi (Joint

Managing Director), M Pittaluga (Joint Managing Director), L Lucchini, P Marzotto, Francesco P Mattioli, G Pesenti, S Pieroni, G M Rossignoio, A Schiatti, F Borletti, F Serra Di Cassano, G Vezzalini

PRINCIPAL ACTIVITIES: The Group's activities include manmade fibres, textiles, chemicals, defence and space engineering, mining and bio-engineering

Main Subsidiary Companies: Defence and Space:- Simmel SpA; Sipe Nobel SpA; CMM SpA. Man-Made Fibres:- SNIA Fibre SpA; Novaceta SpA; Nuova Rayon Italia SpA. Chemicals:Caffaro SpA; Chi mica del Friuli SpA; SNIA Tecnopolimeri SpA; Molding Systems SpA. Textiles:- Cotonificio Olcese Veneziano SpA; Speri SpA; Fila SpA. From 1986 BioEngineering:- Bioengineering International BV (Netherlands) and its subsidiary Sorin Biomedica SpA


Sales turnover Profit after tax Retained profit Share capital Shareholders funds


SQUIBB SPA Via Paolo di Dono, 1-00142 Roma Tel: (06) 54701 Telex: 610156 squibb i

President: dott Guido Porporati

31.12.87 L'OOO,OOO 2,431,722

30,472 2,880

560,226 1,336,449



Sales turnover


TAMOIL ITALIA SPA Piazzetta Bossi 3, 20121 Milano Tel: (02) 88781 Cable: TAMOIL MILANO Telex: 334070 TAMOMI I Telefax: 8878333

President: Mohamed Abduljawad

L'OOO,OOO 160,000

Executive Committee: Mohamed Abduljawad, Giorgio Mazzanti, Mohamed T Yousef

Directors: Mohamed T Yousef, Mohamed Siala, Taher A Najah, Hammouda EI-Aswad, Ahmed Emtaer, Abdalla EI-Kadiki, Florio Fiorini, Elias Bitar

PRINCIPAL ACTIVITIES: Wholesale crude oil and petroleum derivatives of all types

Trade Names: TAMOIL ITALIA SpA; TAMOIL Subsidiary Companies: S.O.T.T. SpA; Gemein Sri; FA Petroli

SpA; Tamoi! Trading Ltd Principal Bankers: Banco Nazionale del Lavoro; Credito Italiano;

Banco di Roma; Banca Commerciale Italiana; Nuova Banco Ambrosiano; Banea Po pol are di Novara; UBAE; UBAF


Sales turnover L'OOO,OOO 1,100,000

Principal Shareholders: Libyan Arab Foreign Bank; SASEA Group


TOTAL SOCIETA ITALIANA PER AZIONI Via F Restelli 1/A, 20124 Milano Tel: (02) 6986411 Telex: 330404 total i

President: dott Achille Albonetti Directors: Alan Philipp de Boos Smith, dott Palmiro Boni

PRINCIPAL ACTIVITIES: Production of oil and gas; oil refining; sale of petrol and oil products

Parent Company: Total Compagnie Francaise des Petroles, France


Sales turnover L'OOO,OOO 3,B60,OOO

TPL·TECNOLOGIE PROGETTI LAVORI SPA TPL SpA Viale Castello della Magliana 68, 00148 Roma Tel: (06) 54521 Cable: Tipiel Roma Telex: 610696 Tipiel i Telefax: (06) 54523700/1/2/3

Board of Directors: P M Valentin (Chairman), L Sebasti (Managing Director and General Manager), M Maddaloni (CoGeneral Manager), Dr P Tradico (Vice General Manager), L H Sajus, L Pradere, C Rederon, 0 Pesce, Dr F Mazzantini, B Deslandre, A Rousseau

Management: L Sebasti (Managing Director and General Manager), M Maddaloni (Co-General Manager), Dr P Tradico (Vice General Manager)

PRINCIPAL ACTIVITIES: Petroleum refining, gas gathering and processing, petrochemicals, chemicals, fertilisers, food processing, pharmaceuticals, environmental engineering, textile industry, glass industry, industrial manufacture, effluent technology, plant offsite facilities, industrial plant infrastructures, EDP

Trade Names: TPL-Technologie Progetti Lavori SpA Parent Company: TECHNIP, Paris, France Subsidiary Companies: FIMTEC S.p.A. (Naples); Realizzazioni

Industriali Prisma S.p.A. (Martina Franca); INTEMA S.p.A.; SIBICAR CARRELLI ELEVATORI S.p.A.; TIPIEL S.A. (Bogota, Colombia); TECHNIP INTERNATIONAL AG (Switzerland); TPL AG (Switzerland); Technip Anlagenbau GmbH (Germany); Finbiotec SpA

PrinCipal Bankers: I.B.S.P.T.; N.B.K.; Societe Generale Financial Information:

Proceeds Profit (loss) before tax Profit (loss) after tax Retained profit Share capital

31.12.86 L'OOO,OOO

447,623 (3,961) (3,961)

33,500

31.12.B7 L'OOO,OOO

341,168 12,919

309 309

33,500

137

ITALY Principal Shareholders: TECHNIP (55%); CREDIPAR (15%);

EFIBANCA (15%); INTERPART (15%) No of Employees: 779

ITALY

138

Major Companies of LIECHTENSTEIN

139

SWAROVSKI AG 9495 Triesen Tel: 075/5 05 11 Cable: SWAROVSKIAG Telex: 889479 swat fl Telefax: 075/5 02 36

Board of Directors: Dr W Neuner Management Board: Dr U G Carstens Senior Executives: Dr E Stieger

PRINCIPAL ACTIVITIES: Crystal products Parent Company: 0 Swarovski Corporation AG Principal Bankers: Liechtensteinische Landesbank; Bank in

Liechtentstein AG; Verwaltungs und Privatbank AG


LIECHTENSTEIN

141

LIECHTENSTEIN

142

Major Companies of LUXEMBOURG

143

DU PONT DE NEMOURS (LUXEMBOURG) SA PO Box 1703, L-1017 Luxembourg Ville Tel: 47901 Cable: Duplux luxembourg Telex: 2555

Directors: F L Faber (Managing Director)

PRINCIPAL ACTIVITIES: Manufacture of chemical products and their derivatives; textile fibres, elastomers, plastic resins and films, photographic products for graphic arts and X-ray applications, agrichemicals, industrial chemicals, electronic materials, analytical instruments, refrigerants and propellants

Parent Company: E I du Pont de Nemours & Co (Inc), Wilmington, Delaware, USA


Sales turnover 'including Du Pont Photolux SA


FLux'OOO 5,600,000'

LUXEMBOURG

145

LUXEMBOURG

146

Major Companies of the NETHERLANDS

147

ACF HOLDING NV PO Box 5, 3600 AA Maarssen Tel: (030) 452911 Cable: ACFARMA Telex: 40779 ACF HQ Telefax: (030) 438792

Supervisory Board: C J P van Westreenen (Chairman), E Bloembergen, Mrs M Epema-Brugman, J N Homan van der Heide, N H de Roo. Secretary to the Supervisory Board: A H M van der Donk

Board of Management: W Koerten (Chairman), C N Bakker, F W H M Merkus. Secretary to the Board of Management: J de Wit

PRINCIPAL ACTIVITIES: Holding company of subsidiaries involved with production, trade and distribution of chemicals, pharmaceuticals, bandages; welding equipment; electronic and electrical industrial and consumer products

Major Subsidiary Companies: (100% owned unless stated): ACF Chemie BV; ACF Farma BV; ACF Techniek BV (Nedelko BV, Deltaflex BV, Morelisse Welding Equipment BV); Brocacef Holding BV (50%); CAM Implants BV (65%); Codi International BV (50%); Haveman Edelmetaal Chemie BV; Industrie Chimiche Italiane SpA; Multiplant Holding BV; Pharmaceutische Fabriek Roter BV; Tropacef BV; Koninklijke Untermohlen NV; Yoko International BV

Principal Bankers: Amro Bank; ABN Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share of 5DFI Earnings per share Share capital Shareholders funds


AKZO NV

31.12.86 DFI'OOO 6B5,927 25,282 18,325 11,294 7,031

1.BODFI 4.73DFI 19,248

217,289

Velperweg 76, PO Box 9300, 6800 SB Arnhem Tel: (085) 664433 Cable: Akzo Arnhem Telex: 45438 Telefax: (OB5) 663250

31.12.B7 DFI'OOO B17,407 31,479 20,918 12,B57 B,061

1.88DFI 4.92DFI 21,153

212,495

Supervisory Council: G Kraijenhoff (Chairman), A Herrhausen (Deputy Chairman), EGG Werner (Deputy Chairman), A Batenburg, A G van den Bos, F H Fentener van Vlissingen, H A van Stiphout, C van Veen, 0 Wolff von Amerongen, H G Zempelin

Board of Management: A A Loudon (President), J W Berghuis, J Veldman, M D Westermann. Secretary: Th JAW Schregardus

Management Committee: In addition to the members of the Board of Management, the Management Committee includes: S Bergsma, FAG Collot d'Escury, A R Dragone, M W Geerlings, J R Hutter, J C P van Oosterom, A G J Vermeeren. C Zaal

PRINCIPAL ACTIVITIES: Chemical products, man-made fibres, coatings and health care products

Subsidiary/Associated Companies: (over 95% held unless stated): Fibres and Polymers Division, Wuppertal (Germany):Enka BV; Akzo Plastics BV; Colbond BV; Aramide Mij v.o.f. (50%); Enka AG (Germany); Barmag AG (Germany); Tiefenbach GmbH (Germany); Kuaggarn Textil GmbH Germany; La Seda de Barcelona SA (58%) (Spain); WilsonFiberfil International Inc (USA); Enka America Inc (USA); Fortafil Fibers Inc (USA); Fibras Quimicas SA (Mexico); Polyenka SA (51%) (Brazil); COBAFI Companhia Bahiana de Fibras SA (36%) (Brazil); Enka de Colombia SA (49%)

149

NETHERLANDS (Colombia); Enkador SA (49%) (Ecuador); Century Enka Ltd (40%) (India); Nippon Aramid Co Ltd (50%) (Japan). Salt and BasiC Chemical Division, Hengelo:- Akzo Zout Chemie Nederland BV; Methanol Chemie Nederland v.o.f. (50%); Methanor v.o.f. (30%); Delamine BV (50%); Delesto BV (50%); ROVIN Rotterdamse Vinylunie v.o.f. (50%); Norddeutsche Salinen GmbH (Germany); Elektro-Chemie Ibbenb. GmbH (50%) (Germany); Konezo (Belgium); Dansk Salt I/S (50%) (Denmark); Akzo Zout Chemie Svenska AB (Sweden); Denak Co Ltd (50%) (Japan); International Salt Co (USA). Chemical Division, Amersfoort:-Akzo Chemie Nederland BV; CyanamidKetjen Katalysator BV (50%); Glucona v.o.f. (50%); Silenka BV (33%); Akzo Chemie GmbH (Germany); Carbosulf Chemische Werke GmbH (67%) (Germany); Rhodanid Chemie GmbH (67%) (Germany); Kali-Chemie-Stauffer GmbH (50%) (Germany); Akzo Chemie Beige SA (Belgium); Akzo Chemie Danmark A/S (Denmark); Akzo Chemie France Sari (France); Akzo Chemie Norge AS (Norway); Bertelli SpA (Italy); Akzo Chemie Italia SpA (Italy); Akzo Chemie Espanola SA (Spain); Akzo Chemie UK Ltd (UK); Vulnax International Ltd (UK); Akzo Chemie America Co (USA); Stauffer Specialty Chemicals & Food Products Inc (USA); Peroxidos Argentinos SAICF y A (82%) (Argentina); Akzo Chemie Brasil (Brazil); FCC-Fabrica Carioca de Catalisadores SA (40%) (Brazil); Akzo Chemie Singapore Pte Ltd (Singapore); Nippon Ketjen Co Ltd (50%) (Japan); Kayaku Noury Corp (50%) (Japan); Lion Akzo Co Ltd (50%) (Japan); Stauffer Japan Ltd (Japan); Toyo-Stauffer Chemical Co Ltd (50%) (Japan); Kashima Industries Co (70%) (Japan); Malaysian Oleo Chemicals Sdn Bhd (50%) (Malaysia). Coatings Division, Hoofddorp:- Sikkens BV; Koninklijke Brink/Molyn BV; Koninklijke Talens BV; Synthese BV; Akzo Coatings GmbH (Germany); Akzo Coatings GesmbH (Austria); Akzo Coatings (Belgium); SA Levis NV (Belgium); Akzo Coatings SA (France); Dacral SA (50%) (France); Akzo Coatings PLC (UK); Permoglaze Paints Ltd (UK); Sikkens Ltd (UK); Akzo Coatings SpA (Italy); Industrias Quimicas Procolor SA (Spain); Akzo Coatings SA (Spain;) Akzo Coatings America Inc. (USA); Morilla Inc (30%) (USA); Miluz SAICI y F (Argentina); Akzo Coatings (Brazil); Tintas Ypiranga Ltd ; PT Akzo Coatings Indonesia (37%) (Indonesia); Synthese (Malaysia) Sdn Bhd (43%) (Malaysia); Akzo Coatings Thailand Ltd (Thailand). Pharma Division, Oss:- Organon International BV; Organon Teknika NV (Belgium); Chefaro International BV; Diosynth BV; Intervet International BV; Verenigde Pharmaceutische Fabrieken (VPF) BV. Other Companies:Akzo Engineering BV; Akzo Systems BV; Akzo Electronic Materials Co (65%) (USA)

Principal Bankers: Amro Bank Amsterdam, ABN Bank Amsterdam

Financial Information: 31.12.86 DFI'OOO

31.12.87 DFI'OOO

Sales turnover net 15,614,BOO 15,535,100

Group income(l) 897,900 720,200

Group income 921,200 993,200

Net income 841,500 942,000

Dividends(2) 265,000 265,000

Dividends per share(2) 6.60DFI 6.60DFI

Earnings per share(2) 20.96DFI 23.43DFI

Common stock B03,100 804,300

Group equity(2) 4,664,BOO 4,02B,900

(1) from normal operations after tax

(2) common stock


ALUSUISSE BEHEER BV Schuttervaerweg 130, Postbus 6262, NL-3002 AG Rotterdam Tel: (010) 437 60 33 Telex: 2372B alus nl

Management Board: B Aertssen

NETHERLANDS PRINCIPAL ACTIVITIES: Supply of aluminium and light metal

alloys, electrochemicals; metal fabrication Parent Company: Alusuisse AG, Switzerland Financial Information:

Sales turnover DFI'OOO 390,000


ARCO CHEMIE NEDERLAND LTD Theemsweg 14, NL-3197 KM Rotterdam Tel: (01819) 133 99 Telex: 21244 acne nl; 22356 acne nl

PRINCIPAL ACTIVITIES: Manufacture of chemicals Parent Company: Atlantic Richfield Corp, USA Financial Information:

Sales turnover

DFI'OOO 1,250,000


AVE BE BA PO Box 15, 9640 AA Veendam Tel: (05987) 69111

Cable: Avebe Telex: 53047 AVEBE NL Telefax: (05987) 62635

Supervisory Board: L Euving (Chairman), A Bos, E Haselhoff, N Hazelhoff, W M van Mensvoort, G Germs, A Sandee

Board of Directors: A J Brouwer (Chairman), R Renkema (Vice Chairman), H M Gerbrandy (Secretary), W Eerkens, R Lanting, H E Takens, A de Jonge, Ir S Dingemans

Managing Board: Dr A Mak (Chairman), Dr A Capelle (Research and Engineering), Dr K Hiddema (Production), Dr E Wesselink (Marketing and Sales), Dr J M M Megens (Finance)

PRINCIPAL ACTIVITIES: Production and sale of potato starch and potato starch derivatives

Trade Names: Paselli, Perfectamyl, Solvitose, Cellocol, Primojel, Bohramyl .

Parent Company: Veendam, Netherlands Subsidiary Companies: (100% owned unless stated): AVEBE

Italia s.r.'- (90%) (Italy); AVEBE Deutschland GmbH (West Germany); AVEBE Belgium NV. (Belgium); AVEBE America Inc. (USA); AB Stadex (Sweden); Doittau-Emuldo SA (France); A/S Stadex (Norway); AVEBE Nederland B.V.; B.V. AVEBE Assurantiebeheer; D.W.M. & Co. B.V.; AVEBE S.A.E. (50%) (Spain); Tunnel AVEBE Starches Ltd. (50%) (UK); B.V. Meelunie (50%); Siam Modified Starch Company Ltd (22.33%) (Thailand); AVEBE Products Marketing Committee (Japan); AVEBE b.a. (Singapore-Far East Representative Office)

Principal Bankers: RABO Bank; AMRO Bank; ABN Bank Financial Information: Consolidated figures

31.12.86 31.07.87

Gross turnover Net turnover Group profit before tax Group profit after tax Share capital Share capital and reserves

(12 mths) DFI'OOO

1,057,385 970,351

3,010 1,220

30,941 69,232

(7 mths) DFI'OOO 654,001 603,143

4,438 2,296

31,221 101,317

Principal Shareholders: 4,533 farmers of the cooperative No of Employees: 2,612 Netherlands, including 540 Abroad

BASF NEDERLAND BV Kadestraat 1, Postbus 1019, NL-6801 MC Arnhem Tel: (085) 71 71 71 Telex: 45111 basf nl Telefax: (085) 71 71 71

Management: Ir H Mylanus (President), Ing J M Donkers, Ing H H de Vries (Chemicals)

150

Senior Executives: Ing A Scholten (Plastics), Ir P J Jenneskens (Agrochemicals)

PRINCIPAL ACTIVITIES: Import and sale of chemicals, paper, leather, textiles, paints and dyes, plastics, audio/video equipment

Principal Bankers: ABN; AMRO; Credit Lyonnais Financial Information:

Sales turnover


BAYER NEDERLAND NV Nijverheidsweg 26, PB 80, 3640 AB Mijdrecht Tel: (02979)80666 Cable: bay ned mijdrecht Telex: 16541 bayer nl Telefax: 84165

Chairman: G Langenberg

DFI'OOO 703,000

Senior Executives: M G J Couvreur (Divisional Director Divison KL), C J F Groth (Divisional Director Division AC and OC), R H Kohl (Divisional Director Fibres Division), P Grundei (Divisional Director Pharmaceutical Division), J Vayssier (Divisional Director Agricultural Chemicals Division), R Siaghek (Divisional Director Division KA and PU), R Wieland (Divisional Director Dyestuffs Division)

PRINCIPAL ACTIVITIES: Manufacture of artificial sweetenings (Natrena) and trade in chemicals, dyestuffs, fibres, pharmaceuticals and agricultural chemicals, all manufactured by Bayer AG, Leverkusen

Parent Company: Bayer AG, Leverkusen, West Germany Subsidiary Companies: Cavex Holland BV, Haarlem Principal Bankers: Algemene Bank Nederland; Bank of America;

Commerz Bank Financial Information:

1986 1987 DFI'OOO DFI'OOO

Sales turnover 606,000 651,000 Profit before tax 7,778 9,291 Profit after tax 5,128 6,041 Retained profit 5,128 6,041 Share capital 3,600 3,600 Shareholders funds 14,590 20,630

Principal Shareholders: Bayer Foreign Investments Ltd, Canada No of Employees: 314

BORG-WARNER BV Postbus 8122, NL-1005 AC Amsterdam Tel: 020-5806 6911 Telex: 16257 bwcl nl

Management Board: A J Monster

PRINCIPAL ACTIVITIES: Holding company whose interests include chemicals, pumps and sealing equipment

Trade Names: Cycolac, Byron Jackson, Mechanical Seals Parent Company: Borg-Warner Corporation, USA Subsidiary Companies: Borg-Warner Chemicals Europe BV;

Borg-Warner Industrial Products SA (Spain); Borg-Warner Industrial Products GmbH; Borg-Warner Industrial Products SRL

Principal Bankers: ABN; FNCB Financial Information:

Sales turnover


BRITISH PETROLEUM B.V. 42 Frederiksplein, 1017 XN Amsterdam Tel: (020) 5201911 Cable: Beepee Amsterdam Telex: 11430

DFI'OOO 400,000

Supervisory Board: P G Cazalet (Chairman), J J C Alberdingk Thijm, Drs W A J Bogers

Directors: P R C Reeves (General Manager), Ir H Lodders Senior Executives: H M Huttmann (Finance Co-ordinator)

PRINCIPAL ACTIVITIES: Holding company for BP interests in The Netherlands, including exploration, refining and marketing

Trade Names: BP Parent Company: The British Petroleum Company pic, London Subsidiary Companies: BP Maatschappij Nederland BV; British

Petroleum Raffinaderij Nederland N.V.; British Petroleum Exploratie Maatschappij Nederland B.V.

Principal Bankers: AMRO Bank


CAF COOp Ann-en Verkoop Voor de Landbouw in Friesland Snekertrekweg 21, Postbus 386, NL-8900 VC Leeuwarden Tel: (058) 94 64 64 Telex: 46209 caflw nl

Management Board: B J HoI

PRINCIPAL ACTIVITIES: Milling and flour mill products; animal feed stuffs, plant protecting products, fertilisers, agricultural machinery and implements

Principal Bankers: Rabobank; Friesland Bank Financial Information:

Sales turnover


CEBECO-HANDELSRAAD Blaak 31, Postbus 182, 3000 AD Rotterdam Tel: (010) 544911 Cable: cebeco rotterdam Telex: 21398 cbco nl Telefax: (010) 4113889

Board of Directors: Ir J Prins (Chairman)

DFI'OOO 300,000

Management Board: Ir G van den Berg, Drs W Adema Senior Executives: H B van den Berg, Dr Ir T de Boon, Ir C J

van den Bergh, T Hordijk, Ir N M Knottnerus, Ir HAM Korst, A Landstra, E van Marie, J A Pastoor, Ir J H Peltjes, Ir R H Reiling, Ir LA J Siootmaker, Ir H C Visser, H Westerhout, J van Wingaarden, P G J Wijers, Drs A F C Dickmann, Drs F A van de Yen, W A de Voogd, Drs C Vonk, G Th Koopmans, Ir G van Straalen, J A De Boer, 0 J Bruil, J van Cappellen, J A van den Heuvel, J van Wingaarden

PRINCIPAL ACTIVITIES: National wholesale and retail cooperative for agricultural products and services

Trade Names: OK, Welkoop Subsidiary Companies: (100% owned unless otherwise stated):

Veevoeders Aan-en Verkoop: Animedica GmbH (5%) (Germany); Comvee BV (40%); BV Oldambt (33%); Coop Ver Pre-Mervo WA; Centrale Veevoederfabriek "Sloten" (25%). Veevoeders Alzet en Verwerking: CAS Pluimvee BV (40%); Cofok BV (39%); Coveco NV (33%); Coop Eieralzetver "Eiveba" BA; Maplo BV (10%); BV NIVE; Pluimveefokbedrijf CPI BV (70%); Plukon BV (26%); VAB BV (Vof Cavee-Coveco) (25%); Vastabouw BV (29%). Mestsoffen: Fertrade Ltd (12%) (UK); Windmill BV (10%); Handelmij Zuiderdel BV. Gewasbeschermingsmiddelen: Comak BV (49%); BV Luxan; P Kommer-Biopharm BV; Vetimex BV; Parimco BV (33%). Zaaizaad en Pootgoed en Veredelingsbedrijven: Van Engelen Beheer BV; Van Engelen Zaden BV; Centraal Bewerkingsbedrijf Zaaizaden BV; International Seeds Inc (50%); Holland Grass BV (25%); Wolf & Wolf Beheer BV (70%); Kweekbedrijl Zelder BV (25%). Alzel Akkerbouwproduklen: Aardappelalzelorg v ZW Nederland BV (30%); A van den Akker BV (50%); Aviko BV; Ets Chaberl SA (70%) (Belgium); BV Duynie (72%); Farmers Kitchen Ltd (51%) (UK); De Fritesspecialist BV; Grenzland Kartoffelverarbeitungs

151

NETHERLANDS GmbH (Germany); Rixona BV; Handelsond en Wasbedr ZW Nederland BV (33%); BV Land-en tuinbouwprodukten H van Dijk & Zn (13%); Nedato BV (40%). Land-en Tuinbouwmechanisatie en Motorvoertuigen: Cosmo BV; Coop Holland-Utrecht BA; Machinefabriek J de Jonge BV; Delfosse SA (67%) (France); Manus Holland BV; Timmerman & Verbeek BV; Gebr De Vor Achterveld BV; J H Coffeng BV; Schermerse Landbouw Mechanisatie BV; Landbouwmechanisatiebedrijl Nic Veldman BV; Veluwse Landbouw Mechanisatie BV; Vohamij Heythuysen BV. Ingenieurs-en Bouwbureau en Landbouwbedrijfsuitrusting: Agro-Techniek BV (50%); Alvecon BV; Polem BV. Bedrijfs-en Winkelartikelen: Duvekot's Graanhandel BV; Hanewacker BV; Houtbewerkingsbedrijl's-Gravenmoer BV; P J Schaap BV; Trio BV (10%); Welkoop Nederland BV; Welkoop Participatie BV; Zaadhandel en Zaadteelt BV. Vaste en Vloeibare Brandstoffen: Hermes Hendels-und Transportgesellschaft GmbH (Germany); ICPA (8%) (USA); Mercator Holland BV; Mercol Mineralol AG; OK Nederland BV; Veska BV (17%). Overige Activiteiten: Agro Taxaties BV; Comtu BV (50%); Deelco BV; Drukkerij De Eendracht BV (10%); HVA-Holding BV (17%); InTrade NV (Toepfer GmbH) (12%) (Curayao); LARCjComputercentrum BV; Fytoconsult BV (99%); Drukkerij en Uitgeverszaak Van Mastrigt en Verhoeven BV; Vof IJsselzathe (92%); Zeelandhuis BV

Principal Bankers: Rabobank Nederland Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit


30.6.86 DFI'OOO

4,482,018 44,977 40,727 31 ,060

30.6.87 DFI'OOO

3,846,346 47,515 37 ,776 29,220

CEHAVE NV (FARMER'S CORPORATION COOPERATIVE) Pater van den Eisenlaan 4, 5462 GG Veghel Tel: (04130) 82255 Cable: Cehave Veghel Telex: 74800 Telefax: (04130) 82698

PreSidency: Ir. A J A Oomen, Drs H G J Hermsen Directors: Ir W Spreeuwenberg (Research Nutritionist), Ir J A J

Rypma (Production Mixed Food), A Fr Kieft (Agricultural Requisites Division), H B Caarels (Personnel Manager), Ir A B H Meyer (Technical Services), H J Hermsen (Transport), Drs J C Nederveen (Administration, Financial Affairs), Ing W A Kuster (Commercial Director), J W Daam (Agricultural Requisites Division)

Senior Executives: P V Lier (Director, Poultry Siaughtery. Goossens BV), M van de Laar (Director, Breeding Company, Interbroed BV), Drs J Schoonderwoerd (Egg Merchant, Roveco BV), L V 0 Burg (Director Vanden Burg Egg-Products BV)

PRINCIPAL ACTIVITIES: Mixed food ; fertilisers ; fuel ; plant breeder's produce; agricultural requisites ; farmer's union shops; poultry breeding; poultry slaughtering; dry poultry manure; dried egg-products

Trade Names: CHV, Goossens, Astenhof, Laco, Roveco Subsidiary Companies: Goossens BV; Interbroed BV; Roveco

BV; Vefinex BV; Van Den Burg BV; Marstrak BV; Lambers BV Principal Bankers: Centrale Rabobank Financial Information:

30.6.86 30.6.87 DFI 'OOO DFI'OOO

Sales turnover 2,077,842 1,940,134 Profit before tax 11 ,808 7,328 Profit after tax 10,137 6,715 Retained profit 10,137 6,715 Share capital 100,000 100,000 Shareholders funds 330,733 337,448

NETHERLANDS Principal Shareholders: C06peratieve Handelsvereniging van de

NCB No of Employees: 2,447

85

CENTRALE SUIKER MAATSCHAPPIJ (NV) CSM Nienoord 13, Diemen, PO Box 349, 1000 AH Amsterdam Tel: (20) 5906911 Cable: Centraalsuiker Telex: 10373 Telefax: (20) 95 19 42

Supervisory Board: F H Fentener van Vlissingen (Chairman), B W Biesheuvel, H Bodt, L van Dongen, K Fibbe, P A J M Steenkamp, Dr P Verburg, F J Frank (Secretary)

Management Board: G M L van Loon (Chairman), H Bolt, F J Frank (Finance Director)

Divisional Directors: F J Olieman (CSM Sugar Division), J H Menkveld (Honig Division), N Samsom (CSM Food Division), G J Schaap (CSM Food Division), D J A J Vink (CSM Biochemical Division)

PRINCIPAL ACTIVITIES: Manufacture and marketing of sugar and other edible products, confectionery and additives for foodstuffs and pharmaceutical preparations

Trade Names: CSM, Honig, Pally, Buisman, Pelmolen, Zwaardemaker, De Ruijter, Venco, Red Band, Nubilo

Subsidiary Companies: (100% owned unless stated): CSM Nederland BV; CSM International BV; CSM America Inc (USA): CSM Suiker BV; Honig Merkartikelen BV; Honig Foods BV; CSM Levensmiddelen BV; Red Band Venco BV; Red Band BV; Venco BV; NV Red Band Confectionery Works (Belgium); Red Band Susswaren Vertriebs GmbH (Germany); Pally Holland BV; Hollandse Pelmolen BV; Koninklijke Fabriek van Gebrand Suiker R Buisman BV; Zwaardemaker & Co BV; CCA biochem BV; Koninklijke P de Ruijter & Zn BV; Purac Inc (USA); American Ingredients Company (USA); Industria Quimica de Sinteses e Fermentr,:oes Ltda (96%) (Brazil); Luis Ayuso SA (76%) (Spain); Audisio Industrie Alimentari SRL (85%) (Italy)

Principal Bankers: Algemene Bank Nederland NV Financial Information:

Sales turnover net Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share net Share capital Shareholders equity


CHEVRON INC

30.9.87 DFI'OOO

1,432,854 106,540 68,203 44,600 23,600

1.45DFI 4.24DFI 32,141

474,860

Postbus 82226, NL-2508 EE Den Haag Tel: (070) 26 21 41 Telex: 31 082 chev nl Telefax: (070) 54 25 04

Management Board: Drs A C Kajim

30.9.88 DFI'OOO

1,406,442 126,706 78,663 51,700 27,000

1.65DFI 4.88DFI 32,208

468,011

PRINCIPAL ACTIVITIES: Production and marketing of petroleum products including marine oils

Trade Names: Chevron Principal Bankers: Amro

CINDU-KEY & KRAMER NV Amsteldijk Noord 35, 1422 xx Uithoorn Tel: (02975) 45511 Telex: 12215 cindu nl Telefax: (02975) 44207

152

Board of Executive Directors: Dr C A de Kloe (President)

PRINCIPAL ACTIVITIES: Building, insulation and transport; coatings, chemicals

Parent Company: Cindu-Key & Kramer NV Subsidiary Companies: (100% owned unless stated): CKK

Beheer BV (Holding); Cekadak BV; Hafort BV; CKK Middle East (Private) Ltd (UAE); A/S Sigurd Hesselberg (31.9%) (Norway); AjS Hesselbergtak (50%) (Norway); Hertel BV; Temati BV; Hertel Bouw BV; NV Hertel SA (Belgium); Hertel (UK) Ltd (UK); Key & Kramer BV; Key & Kramer Ltd (UK); GPIP Pty Ltd (50%) (Australia); Cindu BV; Nevcin Polymers BV (50%); Cindu Chemicals BV (50%); Nederlandse Wegtanker Maatschappij BV; Nederlands Cement Transport Cetra BV (50%); TIS Tanker Transport Services BV; CinduKey & Kramer Divisie Bouw BV; Erdo BV; Holl Flachdachbau GmbH & Co KG (Germany); Indubouw BV; Key & Kramer Thuis BV; Gardner Perrott CKK Ltd (50%) (Australia)

Principal Bankers: ABN; Amro Bank Financial Information:

Sales turnover Profit before tax Profit after tax Dividends per share Earnings per share Share capital Shareholders funds


COMPRIMO B.V.

31.12.86 DFI'OOO 468,738

12,310 8,409

4.30DFI 12.89DFI

16,302 64,140

James Wattstraat 79, 1097 DL Amsterdam Tel: (020) 5989111 Cable: Com primo Amsterdam Telex: 11542 Telefax: (020) 922544

31.12.87 DFI'OOO 460,035

7,083 4.30DFI

10.51DFI 16,846 70,103

Management Board: P Koppenol (Senior Managing Director), J van Schaik (Managing Director), M IJ L van Berckel (Managing Director), F E Steenwinkel (Director of Sales), J A Hanzens (Director of Project Management), H F Felkers (Director of Engineering)

PRINCIPAL ACTIVITIES: Design, engineering, procurement and construction-supervision-management and project management of process plants and complete projects for the gas, petroleum, chemical, petrochemical and nuclear industries

Subsidiary Companies; Comprimo Belgie N.V. (Belgium); Com primo Engineering Consultancy (Oman); Com primo Pte Ltd (Singapore); Comprimo Arabia Ltd (Saudi Arabia); Interhold BV; Techkon GmbH (Germany). European alliance: Costain Comprimo Contracting (Manchester, Amsterdam, Antwerp)

Principal Bankers: Pierson Heldring & Pierson; Algemene Bank Nederland N.V.


DFI'OOO Sales turnover 151,443 Profit after tax 1,625 Share capital 37,500 Shareholders funds 39,220

Principal Shareholders; Shell Petroleum NV; Verenigde Machinefabrieken Stork NV

No of Employees; 1 ,427

DOW CHEMICAL (NEDERLAND) BV Postbus 1310, NL-3000 BH Rotterdam Tel: (010) 417 4911 Telex: 22292 dowr nl

Executive Board: A C M Heemskerk

1987 DFI'OOO 154,828

722 37,500 39,342

PRINCIPAL ACTIVITIES: Industrial chemicals; manufacture of preserving materials for the food industry, soaps, washing, cleaning and scouring products; polyurethane, polyethylene, polystyrene, thermoplastic injection moulding

Parent Company: Dow Chemical Co, USA Principal Bankers: Amro Financial Information:

Sales turnover


DFI'OOO 5,000,000

DSM, NAAMLOZE VENNOOTSCHAP, PO Box 6500, 6401 JH Heerlen Tel: (045) 788111 Cable: DSM Heerlen Telex: 56018 Telefax: (045) 719753

Supervisory Board of Directors: W P Teeuwisse (Chairman), L M Kretzers (Deputy Chairman), G M V van Aardenne, H Vredeling, M Epema-Brugman, P M Kierkels, W J L Spit, F W Rutten, A C Helfrich, L M Michiels van Kessenich, H H F Wijffels

Management Board: H B van Liemt (Chairman and President). J B Schepers (Deputy President), R E Selman, A P Timmermans, S D de Bree. Company Secretary: F JAM Pistorius

Senior Executives: W Klaassen (Executive Vice-President Agro), D J Van Waes (Executive Vice-President Chemicals), J M J Janssen (Executive Vice-President Polymers and Hydrocarbons), S Dingemans (Executive Vice-President Resins), H R Van Dijk (Executive Vice-President Energy), J W Hillege (Executive Vice-President Plastic Products), J M Burg (Manager Personnel and Organization), P M E M Van Der Grinten (Manager Planning and Development), D G Venderbos (Manager Research), L JAM Ligthart (Manager Finance and Economics), J J T M Geerards (Manager, Safety, Environment and Technology)

PRINCIPAL ACTIVITIES: Fertilisers, yarn and fibre feedstocks, chemicals plastics and resins; gas and oil exploration and recovery

Trade Names: Ronfalin, Synresate/Uralac, Synresine/Uramex, Kelrinal, Synotex, Synrosyl/Uramel, Keltan, Eporex/Uranox, Ogtex, Synresol, Stamylan HD, Stamylex PE, Stamylan LD, Synresene/Uravar, Urapaste, Synolate/Uraplast, Uragel, Stamylan P, Syntodur/Synreson/Uraflex/Uradus/Uralac, Marvylan, Kelburon, Alsynol/Uragum/Shebelio/Sheboffset/Uraprint, Synresil, Uratak, Keltan TP, Synedol/Uracron, Polydrox, Synthapulvin, Urathix, Synresite, Synolite/Uralam, Uralac, Synsilate/Uradil, Ertalon, Ertacetal, Ertalyte, Ertafluor, Ertalene, Ertane, Erta PC, Cestidus, Cestilite, Cestilite V20, Cestilene RS, Plygaz, Acrypane, Vivak

Subsidiary/Associated Companies: (100% owned unless stated): DSM Agro: DSM Agro BV; DSM Fertilizers BV; DSM Meststoffen BV; DSM Engrais France SA (France); DSM Moreels NV (Belgium); Agrarische Unie Vulcaan BV; UKF Fertilisers Ltd (UK); DSM Agrarhandel GmbH (Germany). DSM Chemicals: DSM Chemicals BV; DSM Chemicals Rotterdam BV; Andeno BV; "Methanol Chemie Nederland VoF (50%); "Methanor VoF (30%); "Holland Sweetener Company VoF (50%); DSM RIM Nylon VoF (51%); Nederlandsche Benzol Maatschappij BV (60%); Nederlandsch Verkoopkantoor voor Chemische Producten BV (55%); DSM Chemieverkaufsgesellschaft mbH (60%) (Germany); Chemische Fabrik Chem-Y GmbH (Germany); DSM Chemicals Augusta USA Inc (USA); "American Melamine Inc (50%) (USA). DSM Polymers & Hydrocarbons: DSM Kunststoffen BV; DSM Transportmaatschappij BV; *Limburgse Vinyl Maatschappij NV (50%) (Belgium); NV Pijpleiding AntwerpenLimburg-Luik (PALL) (49%) (Belgium); *Aethylen Rohrleitungs Gesellschaft mbH & Co KG (17%) (Germany); Dyneema VoF (51%). DSM Resins: DSM Resins BV; DSM Resins Benelux

153

NETHERLANDS BV; DSM Resins International BV; DSM Resines France (France); DSM Resine Italia SpA (Italy); DSM Finanziaria Italia Sri (Italy); DSM Resins Scandinavia AB (Sweden); DSM Resins Espana SA (Spain); DSM Resinas de Portugal Lda (50%) (Portugal); DSM Resins US Inc (USA); Synres Almoco BV; Societe Industrielle de Voisins SA (France); Forton BV; DSM Kunstharze GmbH (Germany); Daniel Products Co (USA); VP-Vereinigte Pulverlack GmbH (Germany); Resicoat GmbH Beschichtungspulver (Germany). DSM Plastic Products: Curver BV; PCM BV; Firma Robert Tavernier NV (ERTA Plastics) (Belgium); Fardem Group BV. DSM Energy: DSM Energie Holding BV; *Noordgastransport BV (40%); DSM Energie BV; DSM Energie (Rijn) BV; DSM Energie (Kotter) BV; DSM Petroleum (UK) Ltd (UK). Other Activities: BV Computer Centrum Nederland; *DSM-Aardgas BV; *NV Nederlandse Gasunie (40%); DSM Assurantiekantoor BV; DSM Beteiligungsgesellschaft mbH (Germany); DSM Finance (UK) Ltd (UK); DSM Limburg BV; DSM Research BV; Macintosh NV (56%); *NV Pensioenverzekeringsmaatschappij DSM; Stamicarbon BV, "non-consolidated

Financial Information: 31.12.86 DFI'OOO

Sales turnover net 8,993,000 Profit before tax 569,000 Profit after tax 485,000 Net result 412,000 Dividends 70,000 Dividends per share Earnings per share Shareholders equity 2,979,000

Shareholders: State of the Netherlands (100%) No of Employees: 27,500

31.12.87 DFI'OOO

8,978,000 672,000 529,000 442,000 112,000 3.20DFI 12.6DFI

3,149,000

DU PONT DE NEMOURS (NEDERLAND) BV Baanhoekweg 22, PO Box 145, NL-3300 AC Dordrecht Tel: (078) 21 89 11 Telex: 29338

Management Board: Maynard SEaton Jr (Managing Director)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products and their derivates; textile fibres, elastomers, plastic resins and films, photographic products for graphic arts and X-Ray applications, agrichemicals, industrial chemicals, electronic materials, analytical instruments, refrigerants and propellants



Sales turnover


ENCINV

DFI'OOO 985,000

Eerste Nederlandse Cement Industrie (ENCI) NV Sint Teunislaan 1, 5231 BS 's-Hertogenbosch Tel: (073) 401 170 Telex: 50185 encih nl

Board of Directors. R Th Celis (President), M I Platschorre (Vice President), A B Pestalozzi, J H A Urlings, M della Faille de Leverghem, H B J KIOnnen

Management Board: M I Platschorre (Managing Director), J Kuijt (Director Sales), D S ROder (Director Social Services), F Schotte (Director Finance and Administration), J G H Vossen (Director ENCI-MAASTRICHT), H B J KIOnnen (Director ENCI Nederland)

PRINCIPAL ACTIVITIES: Manufacture and sale of cement, clinker, ready mixed concrete and concrete materials

Trade Names: ENCI, ROBUR Parent Company: CBR Brussels

NETHERLANDS Group Companies: (100% owned unless stated): Cementfabriek

Rozenburg (ROBUR) BV; ENCI-Belgie NV; CEMZementverkaufsgesellschaft mbH (50%) (Germany); Maatschappij tot Exploitatie van Betonmortelbedrijven in Nederland (MEBIN) BV (66.7%); INTER-BETON GmbH (30%) (Germany); Verkoopassociatie Nederlands Cement ENCICEMIJ-ROBUR BV (66.7%); Rederij Cement-Tankvaart BV (RCT) (44%); Nederlands Cement Transport CETRA BV (33.3%); kENClca Verwerkings Maatschappij (KVM) BV (50%); STRUKTOLIET BV; SCHOKBETON HOLDING BV (99.9%); SCHOKBETON BV (20%)

Principal Bankers: ABN, Amro, Paribas Financial Information: Consolidated Figures

31.12.86 DFI'OOO


524,537 75,463 56,157 13,412 40,000

8,000 166,804

31.12.87 DFI'OOO 491,486

63,090 46,909 17,895 35,000

8,000 172,427

Principal Shareholders: CBR Brussels, Belgium (68%); Holderbank, Switzerland (32%)


ESSO NEDERLAND BV Zuid-Hollandlaan 7, Postbus 110, NL-2501 AL Den Haag Tel: (070) 739911 Cable: esso denhaag Telex: 28756 ecnva nl

Management Board: R Dahan

PRINCIPAL ACTIVITIES: Petroleum industry; production of lubricating oils and greases; industrial oils; additives for fuels; petroleum, bitumen, asphalt and their products; wholesale fuel; production and wholesale of car enamels, car parts and accessories, tyres, tubes, batteries and road maps

Parent Company: Exxon Corporation, USA Financial Information:

Sales turnover


EXXON CHEMICAL HOLLAND 's-Gravelandseweg 298, NL-3125 BK Schiedam Tel: (010) 881911 Telex: 22402 NL Telefax: (010) 488 1388

Senior Executives: H Tuiskvere

DFI'OOO 5,300,000

PRINCIPAL ACTIVITIES: Manufacture and sale of aromatics, plasticisers, alcohols and sale of all other chemical products of Exxon Chemical Company


FERRO BV Van Helmontstraat 20, NL-3002 AB Rotterdam Tel: (010) 4784911 Cable: fernam rotterdam Telex: 22025 ferr nl Telefax: (010) 4778202 (staff); (010) 4771005 (enamel, glaze and

engineering divisions; (010) 4373852 (plastics, colour divisions)

Management Board: T G MacKriel (Managing Director), H 0 Kube (Executive Vice President Operations), Drs G C Kies (Director Finance and Administration)

PRINCIPAL ACTIVITIES: The manufacture of organic and inorganic coatings for iron and non-iron substrates, for ceramic application and glass; enamels, glazes, glass enamels; powder coatings; gel coats; inorganic pigments for

154

the enamel, ceramic, glass, plastic and paint industries; master batches; fire-retardant products; UV-absorbers; plastisols; fertilizers; grinding wheels

Trade Names: Vedoc, Ferro, F.TE, Ferrolene Parent Company: Ferro Corporation, Cleveland, Ohio, USA Subsidiary/Associated Companies: Ferro (Holland) BV

(Netherlands); Procedes Ferro Sari (France); Ferro (Deutschland) GmbH (Germany); Ruhr-Pulverlack GmbH (Germany); BV Slijpsteen Industrie "De Maas" (Netherlands); Ferro (Italia) Sri (Italy); Ferro (Dan mark) A/S (Denmark); Metal Portuguesa S.A.R.L (Portugal); Surostar SA Fosses (France); Schneider & Glotzbach GmbH; Ferro Plastics (Germany) GmbH (Germany)

Principal Bankers: Amro Bank Financial Information:



GIST-BROCADES, ROYAL, NV Wateringseweg 1, PO Box 1, 2600 MA Delft Tel: (015) 799111 Cable: Gist-Brocades Telex: 32068 Telefax: (015) 793482

1987 DFI'OOO 150,000 150,000

Supervisory Board: F H Fentener van Vlissingen (Chairman), E W ter Horst (Vice Chairman), J A P van Hoof, F Lagerwey, Th A J Meys, G van Schaik

Management Board: Dr G Bresser (Chairman), H C Scheffer, P J Strijkert

PRINCIPAL ACTIVITIES: Industrial pharmaceutical products, industrial food enzymes, pharmaceuticals, bakery ingredients

Subsidiary Companies and Joint Ventures: (100% owned unless stated): Netherlands: BV Pharmaceutische Fabrieken v/h Brocades-Stheeman & Pharmacia; Het Agnetapark BV; Brocacef Holding BV (50%); Brocachemie BV; Gist-brocades BV; Gist-brocades Animal Health BV; Gist-Brocades Farmaca Nederland BV; Gist-Diederik BV; Branderij & Gistfabriek Hollandia II BV; International Bio-Synthetics Holding BV (50%); Rapidase BV; Laboratoria Dr de Zeeuw BV. Bahamas: Gist-brocades Ltd. Belgium: Brocades-Belga SA. Cura9ao: Gist-brocades International NV; Caribbean Pharmaceuticals NV. Denmark: Gist-brocades Pharmaceuticals A/S. France: Gist-brocades SA; Laboratoires Bey tout SA. Germany: Rheinische Presshefe- und Spritwerke GmbH; Uniferm GmbH & Co (50%); Gist-brocades Pharma GmbH. Eire: GistBrocades (Ireland) Ltd. Italy: Brocades SpA; Gist-brocades SpA. Portugal: Gist-brocades Lda. Spain: Gist-brocades SA. Switzerland: Gist-brocades AG. UK: British Fermentation Products Ltd; Brocades (Great Britain) Ltd; Mycofarm Ltd. USA: Gist-brocades Inc

Principal Bankers: Bank Mees & Hope NV; Amro Bank NV; ABN NV


Sales turnover Profit before tax Profit after tax Net profit for the year Dividends per share Earnings per share Share capital Shareholders funds


HENKEL NEDERLAND BV

31.12.86 DFI'OOO

1,803,456 145,469 106,077 111,000 1.30DFI 3.27DFI 67,910

951,185

Brugwal 11, Postbus 2100, NL-3430 CM Nieuwegein Tel: (03402) 7 39 11 Telex: 47 340 perja nl

31.12.87 DFI'OOO

1,837,357 131,800

96,214 96,167

1.30DFI 2.83DFI 67,972

1,002,420

Management Board: R C J Martens

PRINCIPAL ACTIVITIES: Manufacture of chemicals Parent Company: Henkel KGaA Subsidiary Companies: Troost Engineering BV Principal Bankers: Amro Bank; ABN; NMB Financial Information:

DFI'OOO Sales turnover 600,000


HERCULES BV Veraartlaan 8, Postbus 5822, 2280 HV Rijswijk Tel: (070) 15 00 00 Telex: 31172 herc nl Telefax: 070-150356

Management Board: E G Bruce, P M C van As

PRINCIPAL ACTIVITIES: Speciality chemicals for paper, adhesives, food, rubber, paint and varnish, coatings and printing ink industries; industrial chemicals; synthetic fibres

Parent Company: Hercules Inc, USA (100%) Subsidiary Companies: (100% owned unless stated): P F W

Holland BV; Hercofina Europe VoF (73.98%); Aqualon BV (50%); Hercules Aerospace Espana SA (90%); Hercules Mas Indonesia (49%)

Principal Bankers: Amro; Citibank Financial Information:

Sales turnover Profit before tax" Profit after tax Retained profit (loss) Dividends "including results on

investments

Principal Shareholders: Hercules Inc No of Employees: 331

HOECHST HOLLAND N.V. Postbus 12987, 1000 AZ Amsterdam Tel: (020)5908911 Cable: Hoechst Holland A'dam Telex: 12051 Telefax: (020) 973659

31.12.86 DFI'OOO 330,759

53,818 39,425 (30,575) 70,000

31.12.87 DFI'OOO 221,784 39,369 31,613 31,613

Supervisory Board: Prof Dr W Hilger (Chairman), Prof Dr J J J van Dijck, Drs B Henny, Mr Drs H Langman, Dr G Metz, DV J P Dormann

Board of Management: Ir B van Nederveen (Chairman), K W Kohler, R Meijer

PRINCIPAL ACTIVITIES: Chemicals and pharmaceuticals Trade Names: TRESPA, Thermphos, Hostapur SAS,

Genotherm, Depron PE, TRESPA VOLKERN, Hostaform, Hostalen PP, Hostalit Z, Trevira, Trevira CS, Trevira Spunbond, Suprefact, Trental 400, Haemate P, Haemaccel, Streptase, Finale, K-Othrine, Suprovac SR, Ozasol (all registered trademarks)

Parent Company: Hoechst AG Principal Bankers: Algemene Bank Nederland N.v.; Amro Bank

N.V. Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends Share capital


31.12.86 DFI'OOO

1,338,000 136,000 76,000

138,000 60,000

201,400

31.12.87 DFI'OOO

1,292,000 79,000 48,000

137,000 50,000

201,400

155

NETHERLANDS HOEK'S, W A, MACHINE-EN ZUURSTOFFABRIEK NV

Hoek Loos Postbus 78, NL-3100 AB Schiedam Tel: (010) 4 27 66 99 Telex: 24 474 hamaz nl

Executive Board: R Wijkstra, A C van Tienhoven, Ir J P Jager Bruining

PRINCIPAL ACTIVITIES: Manufacture of rubber, compressed gases, breathing equipment, surgical equipment and gas related products




ICI HOLLAND BV Wijnhaven 107, Postbus 551, NL-3000 AN Rotterdam Tel: (010) 4171911 (Rotterdam); 01819-39111 (Rozenburg

Works) Telex: 21207 (Rotterdam); 29566 (Rozenburg Works)

Executive Board: Ir A L Meyer (Managing Director)

PRINCIPAL ACTIVITIES: Chemicals, fibres , plastics, polyurethanes, colours and speciality chemicals, agricultural and pharmaceutical products

Trade Names: Diakol1, Melinex, Terylene, Propathene, Maranyl, Melinar

Parent Company: Imperial Chemical Industries PLC, London, UK

Principal Bankers: Amro; BMH Financial Information:

Sales turnover


IFF (NEDERLAND) BV Liebergerweg 72-98, 1221 JT Hilversum Tel: (035) 88 3911 Telex: 43 088 iff nl

Executive Board: Drs G M Kostermans

DFI'OOO 1,850,000

PRINCIPAL ACTIVITIES: Manufacture of flavours and fragrances

Parent Company: International Flavors & Fragrances Inc, USA Financial Information:



INTERPHARM B.V.

31.12.86 DFI'OOO 286,000

49,000 31,000

209,000 18,000

227,000

PO Box 210, 5201 AE's Hertogenbosch Tel: 073-28.29.11 Cable: Interpharm Telefax: 073-28.24.94

31.12.87 DFI'OOO 305,000

69,000 41 ,000

247,000 18,000

265,000

Management Board: G H J Meppelink (Chairman and General Manager), ing K Wijngaarden (MarketingjPurchase), PAM Suidman (Finance/Data ProcessingjPhysical Distribution/Legal Affairs)

Senior Executives: B De Vries (Head of Purchase Department), A H van der Wijst (Head of Personnel Dept), W Keller (Head of General Affairs), Ch Gevers (Head of Data Processing), W Keller (Head General Affairs), G van Oostrom (Marketing Parmacists), W Peperkamp (Marketing Druggists)

NETHERLANDS PRINCIPAL ACTIVITIES: Wholesale pharmaceutical products

and chemicals and druggists' products (toiletries/cosmetics) Parent Company: Internatio-Mulier NV, Rotterdam (100%) Subsidiary Companies: Branches in Almere, Groningen, Meppel

and Schiedam Principal Bankers: Amro-Bank Financial Information:



1986 DFI'OOO 365,000

20,000

1987 DFI'OOO 405,000

20,000

KONINKLlJKE MAASTRICHTSE ZINKWIT-MIJ NV See MAASTRICHTSE ZINKWIT-MIJ, KONINKLlJKE, NV

KUWAIT PETROLEUM (NEDERLAND) BV Prinsenln 633, Rotterdam Tel: (010) 4072085 Telex: 21234 kupn nl Telefax: (010) 4553349

Board of Directors: Abduliatif Hamad AI-Tourah, Kamel Abduliah Nouri Harami, Malek Abdul Halim Barakat

Management: F 0 de Pryck (KPN), C Kopke (KPE), A M Hagelen (KPR&T)

PRINCIPAL ACTIVITIES: Refining and marketing of petroleum products

Trade Names: 08 Parent Company: Kuwait Petroleum Corporation, Kuwait Subsidiary Companies: Kuwait Petroleum (Nederland) BV;

Kuwait Petroleum Europoort BV; Kuwait Petroleum Research & Technology BV

Principal Bankers: Algemene Bank Nederland Financial Information:

Sales turnover Loss before tax Loss after tax Share capital Shareholders funds

30.6.87 DFI'OOO

1,418,000 (96,000) (96,000) 200,000 151,000

Principal Shareholders: Kuwait Petroleum Corporation No of Employees: 554

LlNDETEVES-JACOBERG BV

30.6.88 DFI'OOO

1,841,095 (282,626) (282,626) 205,000 173,669

Westblaak 152, Cometon Building, POB 293, NL-3000 AG Rotterdam

Tel: (010) 414 33 44 Telex: 24768 LlNJA NL Telefax: (010) 4143195

Management Board: Ph A Ohlenschlager

PRINCIPAL ACTIVITIES: Worldwide trade in chemicals and pharmaceuticals, garments, paper, electronic and engineering products; industrial machinery, tools and technical instruments, building materials, automotive products, consumer products and agricultural equipment

Parent Company: Gulf International Holdings, Luxembourg Subsidiary Companies: Lindeteves Stokvis International BV;

Lindeteves Stokvis International (UK) Ltd; Dutch Agro Contracting & Engineering DACE BV; Havelaar Shipping BV; Jacobson van den Berg & Co (UK) Ltd; Prospero BaizInterconti NV (Netherlands Antilles); NAHV Rwanda Sari; NAHV Burundi Sari; OAC (Liberia) Inc; Diomi Import (Industrial Equipment) Sari (Zaire); Lindeteves-Jacoberg (Far East) Pte Ltd (Singapore); Lindeteves-Jacoberg (Malaya) Sdn Bhd; Lindeteves (Thailand) Ltd; Jacobson van den Berg (Hong Kong) Ltd; Jacobson van den Berg (Far East) Ltd (Hong Kong); Lindeteves-Jacoberg (China) Ltd; Jacobson van den Berg (Korea) Ltd; Jacobson van den Berg (Taiwan) Ltd; Lindeteves-Jacoberg Co Ltd (Japan)

156




MAASTRICHTSE ZINKWIT-MIJ, KONINKLlJKE, NV ir Rocourstraat 28, Postbus 1, 6245 ZG Eijsden Tel: (04409) 2344 Cable: Zinkwit eijsden Telex: 56057 kmzm nl Telefax: (04409) 3995

Management Board: Jambinne de Meux (President)

PRINCIPAL ACTIVITIES: Manufacture of zinc oxides and paints pigments

Subsidiary Companies: Zinkwit Nederland BV; Trimetal Paint Co (UK)

Principal Bankers: ABN Financial Information:

Sales turnover Profit before tax Profit (loss) after tax Share capital

31.12.86 DFI'OOO 221,648

8,937 3,808

12,480

Principal Shareholders: Vieille Montagne No of Employees: 901

MOBIL OIL BV Westblaak 163, Postbus 1131, NL-3000 BC, Rotterdam Tel: (010) 4175911 Cable: mobiloil rotterdam Telex: 22317 mobv nl

Management Board: G Dupasquier

31.12.87 DFI'OOO 215,661

4,992 (4,294) 12,480

PRINCIPAL ACTIVITIES: Import and trade in petrol and fuel oils; oil refining

Parent Company: Mobil Corp Inc, USA Principal Bankers: Amra Financial Information:

Sales turnover DFI'OOO

1,590,000

Principal Shareholders: Mobil Holdings Benelux Inc No of Employees: 400

NAAMLOZE VENNOOTSCHAP DSM See DSM, NAAMLOZE VENNOOTSCHAP,

NEDERLANDSE STIKSTOF MAATSCHAPPIJ BV Industrieweg 10, Postbus 2, NL-4540 AA Sluiskil Tel: 32-2-536.12.11 Cable: AZOTE Telex: 24389 AXOTE B Fax: 32-2-536.12.42

Board of Directors: Erik T0nseth (Chairman), F H Hvistendahl, T Refvem, 0 H Robberstad

Management Board: L Boido Senior Executives: L Boido (President), V Bizzotto (Technical

Director), J van den Meersschaut, M Feijen, G Huys (Factory Managers), Ch de Bruijn (Marketing Director)

PRINCIPAL ACTIVITIES: Production and sale of nitrogenous fertilisers

Trade Names: NSM Parent Company: Norsk Hydro AlS, Oslo, Norway Subsidiary Companies: Francengrais (France); Transnitro (USA);

NSM Licensing Principal Bankers: Algemene Bank Nederland; Amsterdam

Rotterdam Bank; Banque Paribas


Sales turnover


NORIT N.V. PO Box 105, 3800 AC Amersfoort Tel: 033-648911 Cable: Norit Amersfoort Telex: 79040 Telefax: 033-617429

DFI'OOO 590,000

Supervisory Board: M G de Brouwn, G Kardaun, G M J Heule, J R Eppenga

Managing Directors: G H Veenhoven, M L M Vermin, C de Keizer

Senior Executives: E v Duijn (Plant Director), A Roberti (Plant Director), A Cameron (Plant Director), T Wigmans (Plant Director), M T Kley (Marketing Manager), P F Noordervliet (Commercial Director), P J F Noordhoek Hegt (Manager Pharmaceutics and Cosmetics), M J Keiser (Chief Financial Officer), J A T de Muynk (Sales Director USA), P M Tromp (Head Technical Products), J Spaans (Research Manager), R K Baird (Plant Manager), J Winkel (Manager Norit Adsorption), J Abrioux (Manager Norit France), E Gregorini (Manager Norit Italia)

PRINCIPAL ACTIVITIES: Production and sale of activated carbons; manufacturing and equipment for the application of activated carbon

Trade Names: Norit, Sorbonorit, Norithene, Elorit, Noritex, Darco

Subsidiary Companies: Purit BV.; Cos mara BV; Norit (UK) Ltd (UK); American Norit Company Inc (USA); Norit Adsorption GmbH (Germany); Norit France Sari (France); Norit Italia SpA (Italy); Norit Japan Co Ltd (Japan); NV Norit Belgium SA (Belgium)

Principal Bankers: AMRO, HBU Financial Information:



31.12.86 31.12.87 DFI'OOO DFI'OOO 211,341 213,279 19,537 25,548 12,487 16,748 7,380 9,931 5,107 6,717

11.00DFI 14.40DFI 27.22DFI 35.70DFI

9,130 9,357 125,289 140,849

ORMET, TWENTSE COOP ZUIVELINDUSTRIE, WA Raiffeisenstraat 25, 7514 AM Enschede Tel: (053) 35 50 35 Cable: ormet enschede Telex: 44664 ormet nl Telefax: (053) 351767

Management Board: Drs Ing H G Weyschede (Chairman), Ing W J Kuypers (Director, Production)

Senior Executives: R ten Duis

PRINCIPAL ACTIVITIES: Food industry; milk products including milk powder, butter etc

Subsidiary Companies: Multifarm; Delco Chemie; Alite Food; Produlacto

Principal Bankers: Rabo; ABN Financial Information:

Sales turnover


27.12.86 DFI'OOO 322,500

26.12.87 DFI'OOO 290,000

157

NETHERLANDS R S STOKVIS & ZONEN BV See STOKVIS, R S, & ZONEN BV

ROYAL DUTCH PETROLEUM COMPANY 30 Carel van Bylandtlaan, 2596 HR The Hague Tel: 779111 Cable: Shell Telex: 31005

Supervisory Board: 0 de Bruyne (Chairman), A P J Benard, E von Kuenheim, K Swart, E P Wellenstein, EGG Werner, H J Witteveen, H F van den Hoven, J Zijlstra, J H Choufoer

Management Board: L C van Wachem (President), H de Ruiter, J M H van Engelshoven

Principal Executives of the Service Companies: H L Beckers (Group Research Co-ordinator), F W P Bentley (Supply and Marketing Co-ordinator), A N Binder (President, Shell International Trading), T W Cain (Director, London Office), A P de Geus (Group Planning Co-ordinator), J W Gordon (Chemicals Co-ordinator), J H de Groot (Director, Hague Office), M Harvey (Group Treasurer), J F K Hinde (Legal Coordinator), P Kassler (Regional Co-ordinator-Middle East, Francophone Africa and South Asia), J H Kelly (Marine Coordinator), K A V Mackrell (Regional Co-ordinator-East and AustralaSia), G F Pecchioli (Group Personnel Co-ordinator), H G Pohl (Regional Co-ordinator-Europe), R P Reid (Regional Co-ordinator-UK and Republic of Ireland), J J Slechte (Metals Co-ordinator), R W Tookey (Group Public Affairs Coordinator), R de Vos (Manufacturing Co-ordinator-Oil and Gas), S 0 Watkins (Regional Co-ordinator-Western Hemisphere and Africa), J R Williams Coal/Natural Gas Coordinator)

'PRINCIPAL ACTIVITIES: Holding company with 60% interest in the companies known collectively as the Royal Dutch/Shell Group of Companies, engaged in oil and natural gas, chemicals, coal and metals

Trade Names: Shell Group Companies: (100% owned unless stated): Parent

Companies: Royal Dutch Petroleum Company; The "Shell" Transport and Trading Company pic. Group Holding Companies: Shell Petroleum NV; The Shell Petroleum Company Limited; Shell Petroleum Inc. Service Companies: Shell Internationale Petroleum Maatschappij BV; Shell Internationale Chemie Maatschappij BV; Shell International Petroleum Company Limited; Shell International Chemical Company Limited; Billiton International Metals BV; Shell International Marine Limited; Shell Internationale Research Maatschappij BV; Shell Internationale Gas Limited; Shell Coal International Limited. EUROPE:-Austria: Rohbl-Aufsuchungs Gesellschaft (50%j; Shell Austria. Belgium: Belgian Shell; Distrigaz (16.66%); Shell Research. Denmark: Shell Olie-og Gasudvinding Danmark; Dansk Shell. Finland: oy Shell. France: Shell Franc;:aise (98%); Butagaz (98%); Shell Chimie; Braconnot; Shell Recherche (99%). Gibraltar: Shell Gibraltar. Greece: Shell (Hellas); Shell Chemicals (Hellas). Iceland: Oliufelagid Skeljungur (24%). Eire: Irish Shell; Shell Chemicals Ireland; Billiton Aluminium Ireland; Aughinish Alumina (35%). Italy: Shell Italia; MonteShell (50%). Luxembourg: Shell Luxembourgeoise. Netherlands: Nederlandse Aardolie Mij (50%); Shell Nederland Raffinaderij; Shell Tankers; Rotterdam-Rijn Pijpleiding (40%); Shell Nederland Verkoop; Nederlandse Gasunie (25%); International Bio-Synthetics (50%); Shell Nederland Chemie; Nickerson Zwaan; Wavin (51.33%); Billiton; Renewable Energy Systems; Cor van Duyn Beheer (76%); Shell Research. Norway: Norske Shell. Portugal: Shell Portuguesa; Billiton Portuguesa. Spain: Shell Spanje; Petrolifera Espanola Shell; Billiton Espanola. Sweden: Svenska Shell; Swedegas. Switzerland: Raffinerie de Cressier; Shell (Switzerland). UK: Shell UK; Colas Holdings; Shell Tankers (UK); Nickerson Seeds; Shell Chemicals UK; Billiton UK; Shell Research. West Germany: Deutsche Shell; Brigitta/Elwerath (50%); Thyssengas (25%); Ruhrgas (15%); Rheinische Olefinwerke (50%); Billiton Metals and Ores Deutschland; Shell Forschung. AFRICA:- North Africa: Shell

NETHERLANDS Winning (Egypt); Shell Petroleum Development Libya; Shell Prospecting (Morocco); Shell du Maroc (50%); Shell Tunisienne; Shell Tunisie; Butagaz-Tunisie. West and Equatorial Africa: Shell West Africa (Angola); Burkina et Shell (49%) (Burkina Faso); Pecten Cameroon (80%); Shell Cameroun; Shell Cabo Verde; Shell Centrafricaine; Shell Ivoirienne; Shell Cote d'ivoire (50%); Africaine Shell Chimie; (Ivory Coast); Shell Gabon (75%); Pizo-Shell (60%) (Gabon); Shell Marketing Gambia; Shell Ghana (60%); Shell Aviation Guinee; Shell Liberia; Petromali-Shell (51.5%) (Mali); Shell Niger; Shell Petroleum Development Nigeria; National Oil and Chemical Marketing (40%) (Nigeria); Africaine de Raffinage (24%) (Senegal); Iransen et Shell (50%) (Senegal); Sierra Leone Petroleum Refining (28.5%); Shell Sierra Leone (72%); Shell Tchadienne; Shell Tchad; Togo et Shell (50%); Shell Littoral Za·irois; ZaIre-Sheil (60%). East Africa: Shell Dijibouti; Shell Ethiopia; Colas East Africa (Kenya); Kenya Petroleum Refineries (12.75%); Kenya Shell (50%); Shell Chemical Eastern Africa (Kenya and Tanzania); Shell Co of the Islands (Mauritius); Reunionnaise de Produits Petroliers (50%); Shell Petroleum Development Somalia; Shell Exploration (Sudan); Port Sudan Refinery (50%); Shell Sudan; Shell Petroleum Development Tanzania; Shell Uganda (50%). Central and Southern Africa: Shell Oil Botswana; Shell Oil Lesotho; Shell Chemical (Malawi); Shell and BP South African Refineries (50%); Shell South Africa; Shell Oil South West Africa; Shell Oil Swaziland; Shell Chemicals (Zambia); Shell Zimbabwe (50%); Shell Developments Zimbabwe. MIDDLE EAST:Cyprus: Shell Cyprus Trading. Jordan: Arab Solar Industries (50%). Oman: Shell Markets (Middle East); Private Oil Holdings Oman (85%); Petroleum Development Oman (34%). Qatar: Oatar Shell Service; Dukhan Service (23.75%). Saudi Arabia: Petromin Shell Refinery (50%); Saudi Arabian Markets & Shell Lubricants (50%); AI Jomaih & Shell Lubricating Oil (49%); Peninsular Aviation Services (25%); Saudi Petrochemical (50%). Syria: Syria Shell Petroleum Development. Turkey: Turkse Shell: Anadolu Tasfiyehanesi (27%); Shell Turkey. United Arab Emirates: Abu Dhabi Petroleum Co (23.75%); Abu Dhabi Company for Onshore Oil Operations (9.5%); Shell Markets (Middle East); Shell Trading (Middle East); Abu Dhabi Gas Industries (15%). FAR EAST:Bangladesh: Bangladesh Shell. Brunei Darussalam: Brunei Shell Petroleum (50%); Brunei Shell Tankers (50%); Brunei Shell Marketing (50%); Brunei Coldgas (25%); Brunei LNG (25%). China: Shell Exploration (China); Shell China. Hong Kong: Shell Hong Kong. India: National Organic Chemical Industries (33.33%). Indonesia: Asem-Asem Shell; Jambi Shell; Tarakan Shell; Sunda Shell. Japan: Showa Shell Sekiyu (50%); Showa Shell Sempaku (50%); Shell Kosan; Yuka Shell Epoxy (61%); Mitsubishi Yuka (23%). Laos: Shell du Laos. Malaysia: Pecten Malaysia; Sabah Shell; Sarawak Shell; Shell Refining (FOM) (75%); Shell Malaysia Trading: Shell Marketing Borneo; Malaysia LNG (17.5%); Tiram Kimia (49%). Nepal: Shell Nepal. Pakistan: Pakistan Refinery (15%); Burshane (Pakistan) (31.5%); Pakistan Burmah Shell (24.5%). Philippines: Shell Gas (Philippines); Philippine Petroleum (73%); Pilipinas Shell (67%); First Philippine Industrial (40%); Shell Chemical (Philippines) (40%). Singapore: Shell Eastern Petroleum; Shell Singapore. South Korea: Hankook Shell Oil (50%); Shell Pacific Enterprises; Aekyung and Shell (50%); Kumho Shell Chemical (50%). Taiwan: Shell Pacific Developments. Thailand: Thai Shell Exploration and Production; Shell Thailand Manufacturing; Thai Oil (15%); Shell Thailand; Thaisarco. AUSTRALASIA:- Australia: Shell Australia; Woodside Petroleum (40%); North West Shelf Development (50%); Austen and Butta (46%); Billiton Australia Gold (30%); Worsley Alumina (30%). New Zealand: Shell BP and Todd (37.5%); New Zealand Refining (17%); Shell New Zealand; Kent Heating; Maui Development (18.75%). Pacific Islands: Shell Fiji; Shell Guam; Shell (Pacific Islands); Shell Pacifique; Shell Petroleum Development PNG (Papua New Guinea); Shell Papua New Guinea. USA:- Shell Oil Company. CANADA:- Shell Canada (78.33%); Billiton Metals Canada;

158

BioSheli. OTHER WESTERN HEMISPHERE:- Caribbean:Shell Bahamas; Shell Bermuda; Shell Antilles and Guianas; Refineria Dominicana (50%); Shell (WI) (Dominican Republic, Haiti, Jamaica and Panama); Quimica Dominicana; Raffinerie des Antilles (24%) (Martinique); Shell des Antilles et de la Guyane Fran9aises; Shell Chemicals Jamaica; Shell (Puerto Rico); Shell Chemicals and Services (East Caribbean) (Trinidad). Central America: Shell Belize; Refineria Petrol era Acajutla (35%) (Elsalvador); Shell EI Salvador; Shell Quimica de EI Salvador; Guatemalteca Shell; Shell Quimica de Guatemala; Shell Honduras; Shell Mexico; Shell Nicaragua; Quimica Nicaraguense. South America: Shell Argentina de Petrol eo; Shell Brasil; Shell Chile; Shell Exploradora y Productora de Colombia; Compania Shell de Colombia; Shell Colombia; Cerro Matoso (47%) (Colombia); Ecuatoriana de Lubricantes (70%); Shell Paraguay; Shell Exploradora y Productora del Peru; Shell del Peru; Shell Suriname Verkoop; Billiton Maatschappij Suriname; Shell Uruguay; Shell Quimica de Venezuela


£'000 Sales turnover 44,206,000 Profit before tax 5,700,000 Profit after tax 2,540,000 Retained profit 1,060,300 Dividends 1,479,300

DFI'OOO Dividends per share 12.80DFI Earnings per share 21.20DFI Share capital 2,681,870 Shareholders funds 48,526,800

No of Employees: Group Worldwide 136,000

ROV Al GIST-BROCADES NV See GIST-BROCADES, ROYAL, NV

SHEll NEDERLAND BV Shellgebouw, PO Box 1222, 3000 BE Rotterdam Tel: (010) 469 69 11 Telex: 36530 shr nl Telefax: 4116828

31.12.87 £'000

47,779,000 5,980,000 2,883,000 1,349,400 1,533,400

DFI'OOO 12.80DFI 22.81DFI

2,681,870 45,976,200

Board of Management: H Hooykaas (President), J A Abbott, C Grooters, N J van Dijk, J G Kilroe, P H Vogtlander

PRINCIPAL ACTIVITIES: The Company manages a number of Dutch companies and is also a holding company with interests in all aspects of the oil industry

Parent Company: Royal Dutch/Shell Group Subsidiary Companies Managed by Shell Nederland BV:

Nederlandse Aardolie Maatschappi BV (50%); Shell Nederland Raffinaderij BV; Shell Nederland Chemie BV; Shell Nederland Verkoopmaatschappij BV. Shell Nederland BV also has interests in Shell Research BV; BK-Gas BV; NV Nederlandse Gasunie (25%)

Shareholders: Shell Petroleum NV, The Hague

SOlVA V CHEMIE BV Postbus 9809, 1006AM Amsterdam Tel: (020) 5183800 Telex: 10855 Telefax: (020) 176778

Supervisory Board: P Druylants Management Board: J Meersseman, C Parlevliet

PRINCIPAL ACTIVITIES: Manufacture of chemicals Parent Company: Solvay et Cie SA, Belgium Subsidiary Companies: Interox Chemie BV Principal Bankers: ABN; Citibank; Amro Bank


STOKVIS, R S, & ZONEN BV Saturnusstraat 10, PO Box 368, 2130 AJ Hoolddorp Tel: (02503) 67444 Telefax: (02503) 38932

Board of Supervisory Directors: G J Tammes (Chairman), A K Gokal, A Oldenhol, S A Raoul, G A Reudink

Executive Directors: J W Hoving, MATh Jacometti (Deputy Managing Director)

Cluster Managers: J W Hoving (Automotive .and Industrial), J E M Witsiers (Materials Handling and Heavy Equipment), J Tagesson (Industrial Plastics and Tapes), A A L de Tender (Energy, Power and Pumps), J van Gorp (Chemicals). Executive Officers: A H van der Mijll Dekker (Personnel and Organization)

PRINCIPAL ACTIVITIES: Import of tools and engineering equipment, diesel engines, heat pumps, chemicals, pumps, lathes, machine tools, presses, loundry equipment, motors, industrial plastics and tapes; production of dock shelters/boards, heat transfer systems, gas boilers (industrial)

Parent Company: Transgulf Investment & Finance BV, Rotterdam

Subsidiary Companies: (100% owned unless stated): Automotive Cluster: Havam Technische Import Maatschappij BV; Stokvis Techniek BV; Interpieces SA (Belgium); Qualiparts SA (Belgium). Materials Handling and Heavy Equipment Cluster: Wynmalen & Hausmann BV; Stertil BV/Stokley BV; StokvisKalmar Container Handling CV/BV (66.6%), Somali SA (Belgium); R S Stokvis & Sons Ltd (UK). Industrial Plastics and Tapes Cluster: Stokvis Plastics BV; Qualitape SA (Belgium); Garco AB (Sweden); R S Stokvis GmbH (W Germany). Energy Power & Pumps Cluster: Nedalo BV; Rendamax BV; Saarloos Rendamax BV; Van Wijk & Boerma Pompen BV; Empo SA (Belgium). Chemicals Cluster: Stokvis Chemicalien BV; Molen Chemie BV

Principal Bankers: Amro; NMB Financial Information:

Net sales turnover Profit before tax Prolit after tax Result after tax Share capital Shareholders funds

31.12.86 31.12.87 DFI'OOO DFI'OOO 506,336 512,106

8,721 9,716 7,575 8,549 2,597 7,555

100,000 100,000 79,419 86,019

Principal Shareholders: Transgull Investment and Finance BV, Rotterdam


STORK, VERENIGDE MACHINEFABRIEKEN, NV Amersfoortsestraatweg 7,1412 KA Naarden Tel: (02159) 57411 Cable: Vemef Telex: 13051 Telefax: 020-177690

Management Board: F 0 J Sicking he (Chairman), A Meijer (Vice-Chairman), J C M Hovers, P E J Leijdekkers , E Evan Rhede van der Kloot, HAD van den Boogaard

PRINCIPAL ACTIVITIES: Machine buildings, engineering and construction of industrial installations; service and maintenance in industrial field

Trade Names: Stork, Wescon, Bronswerk Subsidiary/Associated Companies: Stork Amsterdam; Stork

Bepak; Stork Friesland; Allra Bladel; Protecon Systems; Stork Duke; Stork Brabant; Stork PMT; Stork Screens; Veco; Coulter Stork Europe; Wescon; Fockens; Stork Werkspoor Sugar; Protech International Group; Alpha Engineering; Bronswerk Heating and Air Conditioning; Bronswerk Air Conditioning Special Systems; Bronswerk Relac; Bronswerk Heat Transfer; Ventilators Stork Hengelo; Stork Kwant Sneek; Werkspoor Sneek; Machinelabriek Wolvega; Delaval Stork;

159

NETHERLANDS Stork Pompen; Stork Standaardpompen Nederland; Stork Standard Pumps International; Stork Services; Werkspoor Services RMO; Stork Gears en Services; Stork Mulac; Hainje Heerenveen; FDO Technische Adviseurs; Storkdata; Stork Plastics Machinery; Stork Werkspoor Diesel; Hamilton Standard Stork; Stork X-Cel; Stork Grotecon; Nijhuis Slachttechnik; Peja Holding; Stork Inter Iberica (Spain); Stork Screens de Espana (Spain); Hirsch Rohrleitungsbau (West Germany); Situb (France); Stork (Belgium); Stork Pumps Ltd (UK); Stork Fans Ltd (UK); Stork Gamco (USA); Stork Inter America (USA); Wilcrest Eng. Corp (USA)

Principal Bankers: ABN; Amro-Bank; Bank Mees & Hope Financial Information:

Sales turnover DFI'OOO

1,960,000


TBG EUROPE N.V. Prof. E.M. Meyerslaan 1, Postbus 218, 1180 AE Amstelveen Tel: (020) 5474800 Telex: 16720 thybo nl Telefax: (020) 5474811

Management Board: M Kimmle, L J M Pynenburg

PRINCIPAL ACTIVITIES: Holding company with activities in the fields 01 agricultural machinery; inlormation systems; pump systems; oil trading; trading, storage and transport of LPG and other liquified gases

Trade Names: Thyssen-Bornemisza Europe Parent Company: TBG Holdings N.V., Curacao Subsidiary Companies: P J Zweegers & Zonen

Landbouwmachinelabriek BV; Staalkat BV; Boeke-Heesters B.V.; Eurogas Terminals CV; Gastankvaartmaatschappij Chemgas BV (50%); Verkoopmaatschappij Moba BV; Vicon BV; Melotte BV; Technical Indexes Ltd; Hayward Tyler Ltd; Mokveld Valves BV; CLSI Ltd (UK); Petersime NV (Belgium); Computer Library Services International (Nederland) BV; Vulcan LPG BV; Vulcan Oil SpA (55%) (Italy); SIHI-Halberg (50%) (Germany); Salopian Kenneth Hudson Ltd

Principal Bankers: Amra-Bank Financial Information:

Sales turnover Prolit after tax Share capital


1986 DFI'OOO

3,276,000

100,000

1987 DFI'OOO

4,142,100 5,400

100,000

TEXACO PETROLEUM (NEDERLAND) BV Weena 116, 3012 CP Rotterdam Tel: (010) 4 14 6611 Telex: 23 573 tex nl Telefax: (010) 125332

Management: P L J van de Walle

PRINCIPAL ACTIVITIES: Production of oil, petrol and related products

Principal Bankers: Amra; HBU; Rabo Financial Information:

Sales turnover


DFI'OOO 1,360,000

TRANSOL INTERNATIONAL CORPORATION BV Ringdijk 420, Postbus 1030, 2980 BA Ridderkerk Tel: (10) 4297755 Cable: Otrans Slikkerveer Telex: 20120 OTRA NL Telefax: (1804) 11944

Board of Directors: J A Onderdijk (Chairman) Management Board: W F Onderdijk (Sales), C Kamper

NETHERLANDS Senior Executives: J Rabenort

PRINCIPAL ACTIVITIES: Holding company with interests in energy products, LPG, chemicals, the building industry, transport and the production of edible fats and oils

Subsidiary Companies: Transol Olieprodukten Nederland BV; Transol Bunker BV; Transol Deutschland GmbH; Transol Oiltrading AG; Transol Bunker & Transport Belgium NV; Transol Chemicals BV; Transol Chemiehandel GmbH; Transol USA Inc; Handels-en Transportmaatschappij Transol BV; "De Humber" Handelmaatschappij BV; Petros lop BV; XRG Europe BV; Transol Transport BV

Principal Bankers: Amrobank; Paribas; Swiss Bank Financial Information:

Sales turnover


DFI'OOO 4,400,000

TWENTSE COOP ZUIVELINDUSTRIE ORMET WA See ORMET, TWENTSE COOP ZUIVELINDUSTRIE, WA

UNIE VAN KUNSTMESTFABRIEKEN BV

UKF pb 45, 81 Maliebaan, 3500 A A Utrecht Tel: (030) 329911 Cable: UKF Utrecht Telex: 47062

Board of Directors: W Klaassen (Chairman), W J Van Asselt, A C Van Kleef, C J M Van de Kar

Senior Executives: A J A J Eijsbouts (Manager Legal and General Affairs and Company Secretary)

PRINCIPAL ACTIVITIES: Fertilisers and industrial chemicals Parent Company: Naamloze Vennootschap DSM (100%) Subsidiary Companies: UKF-France SA (France); Albatros

Fertilizers Ltd (Eire); G & V Moreels & Belgische Peruguano Mij NV (Belgium)

Principal Bankers: Amro-Bank; Rabo-Bank Financial Information:

Sales turnover


UNILEVER N.V.

DFI'OOO 2,800,000

Burgemeester s' Jacobplein 1, PO Box 760, 3000 OK Rotterdam Tel: 010-464 59 11 Cable: Unilever Telex: 21415 Telefax: 010-464 47 98

Board of Directors: F A Maljers (Chairman), ~ R Angus (ViceChairman), J P Erbe (Vice-Chairman), Sir Geoffrey Allen, Dr J I W Anderson, R W Archer, M Dowdall, P V MEgan, H Eggerstedt, N W A FitzGerald, W K Grubman, M G Heron, J A Houtzager, C M Jemmett, H Meij, J Peelen, M SPerry, M Tabaksblat, T Thomas, E J Verloop

Advisory Directors: B W Biesheuvel, Fletcher L Byrom, Sir Robert Haslam, A Herrhausen, The Rt. Hon. the Lord Hunt of Tanworth, Frant;:ois-Xavier Ortoli, 0 Spethmann, E P Wellenstein

Secretaries: J W B Westerburgen, S G Williams

PRINCIPAL ACTIVITIES: The Unilever Group has two parent companies Unilever NV based in Rotterdam and Unilever PLC in London. They have identical Boards of Directors and are linked by agreements, one of which equalises the dividends payable on the ordinary capitals of NV and PLC. The larger part of Unilever's business is in branded and packaged consumer goods such as washing powders, margarines, personal products and a wide range of frozen and other foods and drinks. Unilever's other activities include speciality

160

chemicals, agribusiness operations, including plantations and animal feeds and medical products. In addition, there are merchandising and service operations conducted in tropical Africa and the Arabian Gulf

Group Companies: Principal Group Companies of Unilever NV (NV) and Unilever PLC (PLC) in Europe and North America: Belgium-(NV):- Hartog N.v.; Iglo-Ola N.V.; Lever N.v.; Union N.v. Denmark-(NV):- Uni-Dan A/S. Germany-(NV):- Deutsche Unilever G.m.b.H.; "Elbe" Transport G.m.b.H.; Elida-Gibbs G.m.b.H.; 4P Folie Forchheim G.m.b.H.; Langnese-Iglo G.m.b.H.; Lever G.m.b.H.; Meistermarken-Werke G.m.b.H., Spezialfabrik fUr Back-und Grosskiichenbedarf; 4P Nicolaus Kempten G.m.b.H.; 4P Verpackungen Ronsberg G.m.b.H.; "Nordsee" Deutsche Hochseefischerei G.m.b.H.; 4P Rube Gottingen G.m.b.H.; Schafft Fleischwerke G.m.b.H.; "Unichema" Chemie G.m.b.H.; Union Deutsche Lebensmittelwerke G.m.b.H. France-(NV):- Astra-Calve SA (99%); Compagnie des Glaces et Surgeles Alimentaires SA (99%); 4P Emballages France SA (99%); Frant;:aise d'Alimentation et de Boissons SA (99%); Frant;:aise de Soins et Parfums SA (99%); Lever SA (99%); Unilever Export France SA (99%); Unilever France SA; France-(PLC):- CNF SA (99%); Niger France SA (99%). Greece-(NV):- Lever Hellas AEBE; "Elais" Oleaginous Products AE (50%). Ireland-(PLC); Lever Brothers (Ireland) Ltd; W & C McDonnell Ltd.; Paul and Vincent Ltd.; H B Ice Cream Ltd. Italy-(NV):-Sagit S.p.A.; Lever Sodel SpA; Unil-It S.p.A; 3C Industriale SpA. The Netherlands-(NV); Algemeen Vrachtkantoor B.V.; Van den Bergh en Jurgens B.V.; Calve-Nederland B.V.; Loders Croklaan B.v.; Crosfield Chemie B.V.; 4P Drukkerij Reclame B.V.; Zeepfabriek de Fenix B.V.; Iglo-Ola B.V.; Lever Industrial B.V.; Lever B.V.; Lucas Aardenburg B.v.; Naarden International NV (99%); Nederlandse Unilever Bedrijven B.V. (Total issued capital held 99%); Quest International B.V.; Exportslachterij Udema B.V.; Unichema Chemie BV; Unilever Export B.V.; Unilever Financieringsmaatschappij B.v.; UniMilis B.V.; UVG Nederland B.V.; Vinamul B.V. UK-(PLC):Batchelors Foods Ltd; Birds Eye Wall's Ltd; BOCM Silcock Ltd; Brooke Bond Group Ltd; Brooke Bond Oxo Ltd; C.w.A. Holdings Ltd; Joseph Crosfield & Sons Ltd; Elida Gibbs Ltd; Lever Brothers Ltd.; Lever Industrial Ltd; H Leverton Ltd; Lipton Export Ltd; Lipton Tea Company Ltd.; Loders Croklaan Ltd; Marine Harvest Ltd; Mattessons Wall's Ltd.; National Seed Development Organisation Ltd; Oxoid Ltd.; PPF International (Fragrances, Flavours, Food Ingredients) UK Ltd; UAC Ltd.; UAC International Ltd.; Unichema Chemicals Ltd.; Unilever Export Ltd.; Unilever U.K. HOldings Ltd.; UML Ltd.; United Agricultural Merchants Ltd.; Van den Berghs and Jurgens Ltd.; Vinamul Ltd.; John West Foods Ltd; UK (NV):Chesebrough-Pond's Ltd. Finland-(NV):-Paasivaara Oy; Lever Oy. Austria-(NV):- Nordsee Ges.m.b.H.; Osterreichische Unilever Ges.m.b.H.; Unifrost Ges.m.b.H. Portugal-(NV):-Iglo Industrias de Gelados, Lda (74%); Industrias Lever Portuguesa, Lda. (60%). Spain-(NV):-Agra SA; Frigo SA (99%); Lever Espana SA; Industrias Revilla SA (90%); Pond's Espanola SA; Unilever Espana SA. Sweden-(NV):- Elida Gibbs AB; Glace-Bolaget AB (90%); Margarinbolaget AB (55%) (Total issued capital held 50%); Lever A.G.; Leverindus AB; Novia Livsmedelsindustrier AB; Pierre Robert AB; AB Sunlight; Svenska Unilever Forvaltnings AB. Switzerland(NV):- "Astra" Fett- und Oelwerke A.G. (95%); ChesebroughPond's (Geneve) SA; Elida Cosmetic A.G.; Meina Holding A.G.; Sais AG; A Sutter A.G.: Unilever (Schweiz) A.G. Canada(PLC):- Thomas J Lipton Inc; Lever Brothers Limited; A & W Food Services of Canada Ltd; Unilever Canada Limited NV; Chesebrough-Pond's (Canada) Inc PLC (25%). USA-(NV 75%; PLC 25%):- Cheseborough-Pond's Inc; Lawry's Foods, Inc.; Lever Brothers Company; Thomas J Lipton, Inc.; National Starch and Chemical Corporation; Prince Matchabelli Inc; Ragu Foods Inc; Unilever Capital Corporation; Unilever United States, Inc. and many others in the rest of the world


Sales turnover Profit before tax (b) Profit after tax (b) Retained profit Ordinary dividends Dividends per share (c) Earnings per share (d) Ordinary share capital Ordinary Shareholders funds (a) consolidated figures for

NV & PLC combined (b) on ordinary activities (c) Unilever NV ordinary

dividend per DFI4 of capital

(d) Earnings per DFI4 of capital for NV & PLC combined

31.12.86(a) DFI 'OOO

55,363,000 3,694,000 2,265,000 1,377,000

751,000 3.066DFI

7.64DFI 1,114,000

11,975,000

31.12.87(a) DFI'OOO

55,111 ,000 4,417,000 2,640,000 1,685,000

897,000 3.62DFI 8.97DFI

1,114,000 9,863,000

No of Employees: 294,000 (Parent and group companies)

VERENIGDE MACHINEFABRIEKEN STORK NV See STORK, VERENIGDE MACHINEFABRIEKEN, NV

W A HOEK'S MACHINE-EN ZUURSTOFFABRIEK NV See HOEK'S, W A, MACHINE-EN ZUURSTOFFABRIEK NV

WINDMILL HOLLAND B.V. Maassluissedijk 103, 3133 KA Vlaardingen Tel: (010) 460 79 11 Cable: Windmill Vlaardingen Telex: 21409 Mill nl Telefax: (010) 460 75 07

Chairman: Drs G Valkier Directors: Ir C H M Vinke (Technical and Personnel Director), Ir

C Stolk (Director Vlaardingen Plant), G M F Ten Bokum (Marketing Director), C A Van Iperen (Financial Director)

PRINCIPAL ACTIVITIES: Production of chemical fertilizers and animal feed supplements

Parent Company: Norsk Hydro A/S (90%), Norway Subsidiary Companies: FERTEX BV Principal Bankers: Bank Mees & Hope NV Financial Information:

Sales turnover


ZUID-CHEMIE BV

1986 DFI'OOO 355,000

Westkade 38 A, 4550 AB Sas van Gent Tel: (01158) 2610 Telex: 55141 Telefax: (01158) 2610 ext 214

Supervisory Board: R Cartalas (Chairman)

1987 DFI'OOO 323,000

Executive Board: M Jaymond (Managing Director), K Horstra (Managing Director), H Fournet (Plant Manager)

PRINCIPAL ACTIVITIES: Production of fertilisers Parent Company: CdF Chimie AZF PrinCipal Bankers: Amsterdam-Rotterdam Bank Financial Information:

Sales turnover


DFI'OOO 207,000

NETHERLANDS

161

NETHERLANDS

162

Major Companies of NORWAY

163

AKER A/S Bryggegt 3, Box 1423, Vika, 0115 Oslo 1 Tel: (02) 36 50 00 Telex: 71148 Telefax: (02) 36 5016

Board of Directors: Harald Jakhelln (Chairman), Hans Bj0ntegard (Vice Chairman), Roald P Aukner, Nils J0rgen Astrup, Sven Borelius, Alf Clausen, Lars A Christensen, Aud Aiming (Employee Representative), Leif Furre (Employee Representative), Kai Johansen (Employee Representative)

Management: Gerhard Heiberg (President and Chief Executive Officer), Kaare Tisthammer (Executive Vice President), Tom Ruud (Executive Vice President, President, Aker Eindom a.s.), Jan Chr Opsahl (Executive Vice President), Bj0rn Sell<eg (President, Aker Cement a.s.), Nils Gr0holdt (President, Aker Industrier a.s.), Arne van der Hagen (President, Aker Offshore a.s.), Olav K Christiansen (President, Aker Contractors a.s.), Arvid Ramsdal (Vice President, Group Controller), Jon Fr Baksaas (Vice President, Corporate Finance), Per H Houge (Vice President, Corporate Communications), Gunnar Holt (Vice President, Strategy and Business Development)

PRINCIPAL ACTIVITIES: Aker is one of Norway's largest industrial companies, working within production of cement and heavy building materials including furnishings and fittings, offshore fabrication and services, civil engieering and construction, and property development. Aker is a market leader in these businesses domestically, and is strongly engaged in international cement activities in Europe, USA and West-Africa

Subsidiary Companies: (100% owned unless stated); Aker Cement a.s. and its subsidiaries: Norcem a.s., Scancem International ANS (50%), Castle Cement Ltd (50%) (UK). Aker Industrier a.s. and its subsidiaries: Aker Betong a.s., Aker Exclay a.s., Norema a.s., J0tul a.s. Aker Offshore a.s. and its subsidiaries: Aker Engineering a.s., Stord Batz a.s., Aker Stord a.s., Aker Verdal a.s., Aker Elektro a.s., Aker Offshore Construction a.s., Aker Vetco a.s. (50%), Aker Drilling Fluids a.s., Aker Drilling a.s., Norsea a.s., Aker Comex Subsea a.s. (55%), Golar-Nor Offshore a.s. (35.5%), Aker Norsco a.s. Aker Contractors a.s. and its subsidiaries: Aker Entrepren0r a.s., Aker Contractors CM, Norwegian Contractors a.s., Taugb01 & 0verland a.s. Aker Eindom a.s. and its subsidiaries: Aker Brygge I a.s. (20%), Aker Brygge ANS (75%), Slemmestad Eiendom a.s., Nedre Elvehavn A.S. K/S (60%)


Sales turnover

31.12.87 NKr'OOO

13,021,000

APOTHEKERNES LABORATORIUM A/S Harbitzalle 3, Postboks 158, Skbyen, 0212 Oslo 2 Tel: (02) 507800 Cable: Algroup Telex: 71332 al n

Management: Einar W Sissener (Managing Director), F Gaustad, L Jacobsen, T H0yland, R Larem, A Scott Christiansen

PRINCIPAL ACTIVITIES: Pharmaceuticals, vitamins, antibiotics, agrochemicals; food products

Principal Bankers: Bergens Bank A/S Financial Information:

Sales turnover


BJ0LSEN VALSEM0LLE A/S Treschowsgate 28, 0477 Oslo 4 Tel: (02) 150010 Cable: Valsem011en Telex: 74095 ceres N Telefax: (02) 152447

NKr'OOO 1,360,000

165

NORWAY Board of Directors: L F Onarheim, D Dvergsten, S Leiro, 0 Eie,

K Adels0n, T Hansen Management: Hans F Halvorsen (Managing Director), A

Praesterud, Chr Sch0ning

PRINCIPAL ACTIVITIES: Flour and cereals including wheat, rye and barley; animal feedstuffs; fertilisers; sale of brand name foods

Parent Company: Nora Industrier AS, Oslo Principal Bankers: Christiania Bank og Kreditkasse Financial Information:

31.12.86 NKr'OOO

Sales turnover 1,076,600 Profit before tax 26,500 Profit after tax 14,900 Retained profit 13,700 Dividends 2,500 Dividends per share 8.50NKr Earnings per share 49.60NKr Share capital 30,000 Shareholders funds 31,632

Principal Shareholders: Nora Industrier A/S (100%) No of Employees: 409

BORREGAARD INDUSTRIES LTD PO Box 162, N-1701 Sarpsborg Tel: +479 11 80 00 Telex: 71400 bgdsb n Te/efax: +479 11 87 70

31.12.87 NKr'OOO

1,335,100 50,700 43,000 16,200

5,100 11.40NKr

112.70NKr 45,000 76,303

Board of Directors: Odd Vigmostad (Chairman), Aage Andersen, Ingar Johannesen. Sten Marcussen, Odvar Thorsen, Oddvar Hansen, Jens P Heyerdahl, Trygve B J0rgensen, Ludvik Sandnes, Jon Tr0ften

Management: Egil M Ulleb0 (Managing Director), Kjell Tveter (Deputy Managing Director), Per Kr Fodstad (Pulp/Wood Chemicals), Arne Kolsaker (Heavy Chemicals/Energy)

PRINCIPAL ACTIVITIES: Forest products and chemical products and energy production

Parent Company: Orkla Borregard AS Financial Information:

1986 1987 NKr'OOO NKr'OOO

Operating income Profit before tax' Shareholders funds

1,469,900 1,539,900 8,200

94,200 'and year-end appropriations


BRYN-HALDEN & NITEDALS-GRUPPEN Postboks 6041, Etterstad, N-0601 Oslo 6 Tel: (02) 67 1882 Cable: Nitedals Oslo

Board of Directors: Carsten Mellbye Management: Kjell Aksum, Fredrik R0nneberg

PRINCIPAL ACTIVITIES: Manufacture of matches Financial Information:

Sales turnover


NKr'OOO 900,000

50,300 59,300

DEN NORSKE STATS OLJESELSKAP A/S See STATS OLJESELSKAP, DEN NORSKE, A/S

DYNO INDUSTRIER A.S Tollbugaten 22, 0106 Oslo 1 Tel: +47-2-31 7000 Cable: Dyno Telex: 71279 dyno n Telefax: +47-2-31 7856

NORWAY Board of Directors: Ragnar Halvorsen (Chairman), Odd Narud

(Vice Chairman), Nils J Astrup, "Trond Ausen, "Lars Gunner0d, Tor Jemtland, Hans Lund-Andersen, Willy Mohn, Trygve Refvem, "Per S0rensen, "elected by the employees

Management Board: Hans 0 Bj0ntegard (President and Chief Executive Officer), Arild Ingierd (Executive Vice President and Chief Operating Officer), Knut 0 Holli (Executive Vice President), Bj0rn Holmerud (Executive Vice President), Tore Thorstensen (Executive Vice President)

PRINCIPAL ACTIVITIES: Manufacture of commercial explosives; chemicals and plastic products

Subsidiary Companies: Chemicals Group: Dyno Chemicals Norway; Dynochem UK Ltd (UK); RVP Corp (USA); Dyno Oil Field Chemicals AS; Dyno Cyanamid AS & Co (50%); Dyno Borreggard Dispersjoner AS (50%); Dyno Industries (S) Pte Ltd (65%) (Singapore); Dynopor Pte Ltd (65%) (Singapore); Dynobel AS (50%); Nordalim A/S (33.33%) (Denmark); OY Noresin (50%) (Finland); Methanor v.o.t. (40%); Schelde Chemische Maatschappij (Netherlands); Dyno Industrier Sverige AB (Sweden); P.T. Dyno Mugi Indonesia (60%) (Indonesia); Dyno Industries (WA) Pty Ltd (Australia); Dyno Pakistan Ltd (35%) (Pakistan). Explosives Group: Nitroglycerincompagniet AS; Gullang Fabriker; Nitro Nobel AB (Sweden); IRECO Inc (USA); Dyno Nitrogen AB (Sweden); Nitro Consult AB (Sweden); Dyno Wesfarmers Ltd (50%) (Australia); Nobel Philippines Inc (Philippines); Nitro Nobel South East Asia (Philippines); Tovex Far East (30%) (Hong Kong); Tenaga Kirunia Sdn Bhd (37%) (Malaysia). Plastics and Packaging Group:- Dynoplast AS; Dynoplast AB (Sweden); Dynoplast Ltd (UK); Dynoplast Oy (Finland); Dynoplast BV (Netherlands); Dynopack AS

Principal Bankers: Christiania Bank og Kreditkasse; Den Norske Creditbank; National Westminster



Operating profit

Profit before EOI

Profit before YEA

Dividends per share

Earnings per share

Share capital

31.12.88

NKr'OOO

5,583,000

401,000

320,800

249,700

3.20NKr

11.10NKr

392,000

Principal Shareholders: Norsk Hydro AS; Orkla Borregaard A/S


ESSO NORGE A.S Haakon VII's gt 9, Postboks 1369, Vika, 0114 Oslo 1

Tel: (02) 66 30 30

Cable: Petroleum Oslo

Telex: 71286 petro n

Board of Directors: K 0 Gilje, B L Boyd, 0 Dahle, A S Godager L Handeland, A E R0ed, E Solvig, I Collett, T 0 Steen

Senior Executives: K 0 Gilje (Administration)

PRINCIPAL ACTIVITIES: Production of oil and gas; chemicals, petrochemicals and petroleum products

Parent Company: Exxon Corp, USA

Associated Companies: Esso Chemical A/S; Esso Exploration & Production Norway Inc; Esso Chemical A/S

Principal Bankers: Den Norske Creditbank


Sales turnover


31.12.87

NKr'OOO

10,000,000

166

FELLESKJ0PET -TRONDHEIM Postboks 3738, Granaslia, 7002 Trondheim Tel: (07) 916000 Cable: Felles Telex: 55193 fk n Telefax: (07) 913400

Board of Directors: Gudmund Eide (Chairman) Management: Bj0rn Langvik (Managing Director), Johan A

Elverum (Finance Director)

PRINCIPAL ACTIVITIES: Trade in fertilisers, agricultural machinery and equipment, seeds, fodder and plant protecting products

Principal Bankers: Fokus Bank A/S Financial Information:

Sales turnover


M0LLESENTRALEN I/S

1986 NKr'OOO

1,900,000

1987 NKr'OOO

2,100,000

Treschowsgt 2B, Postboks 4349-Torshov, N-0402 Oslo 4 Tel: (02) 150010

Management: Hans F Halvorsen, Arne Vigdal, Hans Arnet

PRINCIPAL ACTIVITIES: Flour milling; manufacture of animal feedstuffs; trade in tinned vegetables, sauces, edible oils, food colourings and fertilisers

Principal Bankers: Christiania Bank og Kreditkasse Financial Information:

Sales turnover


NORA INDUSTRIER A.S. HOlbergsgate 1, PO Box 7002-H, 0306 Oslo 3 Tel: (02) 11 0090 Telex: 56-77232 brew n Telefax: 115988

NKr'OOO 930,000

Board of Directors: Per W Fossum (Chairman), J0rgen B Lysholm (Vice Chairman), Ole A Bachke Jr, "Otto Borgen, "Eystein Gaare, "Per Age Hagen, Knut Martinsen, Svein RibeAnderssen, Anders Ringnes, "Roald Simonsen, Birger Wist, Arne Rolijordet (no voting member), "Elected by and among the employees

Management: Leif Frode Onarheim (President and Chief Executive Officer), Olaf Eie (Executive Vice President, Finance), Dag 0 Dvergsten (President, Beverage Division), Sverre Leiro (President, Food Division), Stein A Andersen (President, Chocolate/Confectionery Division), Hans F Halvorsen (President, Milling/Agriculture Division), Kai Hovind (President, Helly-Hansen Division), Steinar Manengen (President Real Estate Division), Roar Hoel (President, Bakers)

PRINCIPAL ACTIVITIES: Beer:- The Company is the leading Norwegian brewery producing and distributing its own brands in addition to others such as Tuborg and Heineken under licence. Soft Drinks:- The production and distribution of mineral water and soft drinks, including Coca Cola, 7Up and Schweppes. Real Estate:- The management of commercial property portfolio. Helly-Hansen:- Waterproof, thermo and leisure garments. Idun:- Grocery products, catering supplies and bakery products. Bj0Isen:- Production and distribution of household flour, sales of brand-name food products, production and distribution of feedstuff and distribution of fertilisers. Chocolate:- The company is a leading producer of chocolate and confectionery products, with an approximate market share of 33%

Trade Names: Nora, Frydenlund, Ringnes, Idun, MoelleSentralen, Helly-Hansen, Farris, Nidar Bergene, E C Dahl, Grims0y-Kloster. Under Licence:-Coca Cola, Schweppes, 7Up, Heineken, Tuborg and others

Subsidiary Companies: (100% owned unless stated): The Beverage Division: Frydenlund Ringnes Bryggerier A/S (99.9%); Arendals Bryggeri og Mineralvandfabrik A/S (92.7%); A/S Bryggeriutsalget; A/S Credo; A/S Alar; A/S Stensberggt.29; Nora Mineralvann AS; Nora-Jarlsberg A/S; Farris A/S (99.5%); A/S 01utsalget Langesund (96%); A/S 01utsalget Brevik (97%); EC Dahls Bryggeri A/S; Nordlandsbryggeriet A/S (93.7%); Kristiansund Mineralvannfabrikk A/S (80%); Bryggerienes Salgskontor AlS, Sandnessjeen; Bryggerienes Salgskontor A/S, Narvik (84%); Bryggerienes Salgskontor A/S, Fauske; Bukken Bruse A/S. The Food Division: Idun Fabrikker A/S; Idun-Gjeerfabrikken A/S; AlS Sunda; AlS Sunda Eiendom; A/S Opplandchips; Gimsey Kloster A/S; Thermex A/S (93.5%); Norex AS; Kjekkensjef Natvig's Krydderblandinger AlS. The Miliing/Agriculture Division: Bjelsen Valsemeller A/S; Moss Aktiemeller; Romedal Melle A/S; Kristiania Bredfabrik A/S (63%); Agder Fre og Maskin A/S (52%). The Helly-Hansen Division: Helly-Hansen A/S (96.2%); Helly-Hansen (Ireland) Ltd (Eire); Helly-Hansen Confeccoes Lda (Portugal); AlS HellyHansen Danmark (Denmark); Helly-Hansen (US) Inc (USA); Helly-Hansen GmbH (Germany); Helly-Hansen (UK) Ltd (UK); Helly-Hansen Suisse SA (Switzerland); Helly-Hansen France SARL (France); Helly-Hansen BV (Netherlands); Helly-Hansen NV (Belgium); Helly-Hansen AB (Sweden). The Chocolate/Confectionery Division: Nidar Bergene AS; Joker-Is AS; Kiellands AS; NB Confectionery Company (UK) Ltd (90%) (UK). The Real Estate Division: Nora Eiendom AS (99.5%); Bjelsen Eiendom AS; A/S Rosenborgkomplekset (94.7%). Bakers: Erling 0stby A/S (80%); Ditlef Martens A/S (96.2%); Sol bred A/S (91.6%); A/S Jergensens Bakeri og Konditori

Principal Bankers: Den Norske Creditbank; Christiana Bank Financial Information:

31.12.86 31.12.87 NKr'OOO NKr'OOO

Total operating revenue 3,194,500 4,899,600 Profit' 256,100 296,600 Profit after tax 185,200 230,300 Retained profit 187,000 Dividends 28,400 43,300 Dividends per share 4.50NKr 4.50NKr Earnings per share 28.55NKr 27.12NKr Share capital 157,805 269,226 Shareholders funds 471,737 578,436 'before extraordinary items

Principal Shareholders; Orkla Borregaard A.S (4.1%); Fagerstaa-Haak (5.3%); Kreditkassen (5%); Norsk Hydro (4.5%); Storebrand (4.2%)


NORSK HYDRO A.S. Bygdey aile 2, 0203 Oslo 2 Tel; (02) 432100 Cable: Norskhydro Telex; 78350 hydro n Telefax; (02) 432725

Board of Directors: E Abrahamsen (Chairman), J P Heyerdahl dy (Vice Chairman), L Haraldseth, A Kjeseth, 0 Schneiter, S Seeether, H G 0 Terre, T Aakvaag, 0 Grindal

President: T Aakvaag. Corporate Management: T Aakvaag, T Bergen, N 0 H0y-Petersen, S Kjos, E Tenseth

Operating Units; E Tenseth (Agricultural Group), T Refvem (Agricultural Group), 0 H Lie (Technology), 0 H Robberstad (International Activities), E Ruge (Agriculture Norway), E Syrstad (Industrial Chemicals Division), 0 Enger (Biomarine Division), H Langballe (Hydro Pharma), N 0 Hey-Petersen (Magnesium Division), J 0 Ottestad (Magnesium Division), R Seether (Petrochemicals Division), 0 Solheim (Refining and Marketing Division), 0 J Eilersten (Refining and Marketing Division), T Enger (Exploration and Production Division). Corporate Entities: 0 Ramsholt (Electric Power Division), N Hoeg (Hydro Data), A Bjerseth (Research), S Plahte

167

NORWAY (Technology and Field Development Division). Corporate Staffs: S Kjos (Corporate Affairs), L L Nergaard (Corporate Strategy and Control). G Stermer (Corporate Finance), H J Renningen (Organization), P A Myklebust (Labour Relations), R Marstrander (Health, Safety and Environment), 0 S Gullberg (Public Affairs), Anders Ringnes (Legal)

PRINCIPAL ACTIVITIES; Chemical and metal processing and manufacture; production of plastiCS, oil and petroleum products, fertilisers, aluminium, magnesium, engineering products, electric power; interests in North Sea Oil and gas exploration and production

SubSidiary Companies: (100% owned unless stated): THE HYDRO GROUP: AS Industriforsikring; Geonor A/S (33.33%); Hydroship as; I.K. Technology A/S; Marabou AB (25.7%) (Sweden); Norsk Hydro Comercio e Industria Ltda (Brazil); Norsk Hydro Danmark as (Denmark); Norsk Hydro Holland BV (Netherlands); Norsk Hydro Produksjon as; Norsk Hydro Sverige AB (Sweden); Norsk Hydro Sales Corporation (USA); Norsk Hydro (UK) Ltd (UK); Norsk Hydros Handelsselskap as; Scandpower A/S (22.85%); Securus Industrier A-S (35.6%); Terra Mining AB (50%) (Sweden). AGRICULTURE: Ammonia A/S (29%) (Denmark); Compagnie Fran9aise de l'Azote SA (Cofaz) (France); Dansk-Norsk Kveelstoffabrik I/S (20%); Diamond Fertiliser and Chemical Corporation (USA); Dyno Industrier AS (51.25%); EGVA CD A/S (32.7%); Golden Sea Produce Ltd (UK); Hydrogas as; Hydrogas Danmark as (Denmark); Hydro Minox as; Hydro Transport as; J.C. Martens as; Jupiter Associates Ltd (49%) (Thailand); K.A. Rasmussen as (10.05%); Korn- og Foderstof Kompagniet A/S (62.34%) (Denmark); Marine Biochemicals A/S; Mowi A/S; Nederlandse Stikstof Maatschappij BV (Netherlands); Nitrex AG (25%) (Switzerland); Norsk Forkonservering A/S (NOFO) (42%); Norsk Hydro Belgium SA (Belgium); Norsk Hydro (Far East) Ltd (Hong Kong); Norsk Hydro Fertilizers Ltd (UK); Norsk Hydro Industrikemi as (Denmark); Promotora de Recursos Maritimos (75%) (Spain); Promud A/S; Qatar Fertiliser Company (SAQ.) (25%) (Qatar); Ruhr Stickstoff GmbH (W.Germany); Supra AS (Sweden); Transnitro Inc (USA); WGM/Hydro Inc (USA); Windmill Holland SV (90%) (Netherlands); Windmill International SV (90%) (Netherlands). OIL AND GAS: Hydro Olje as; Norpipe as (3.35%); Norsk Hydro Lager & Distribution AS (Sweden); Norsk Hydro Oil & Gas Ltd (UK); Norsk Hydro Olie as (Denmark); Norsk Hydro Olije AS (Sweden); Norsk Hydro Petroleum Ltd (UK); Norsk Hydro Udforskning as; Norsk Undervannsteknologisk Senter as (30%); OK Kracker AS (50%) (Sweden); Rafinor A/S (30%); Skandinaviska Raffinaderi AS Scanraff (21.48%) (Sweden). PETROCHEMICALS: I/S Noretyl (51%); Ma-Bo A/S (49%); Norsk Hydro Plast AB (Sweden); Norsk Hydro Plas! Oy (Finland); Norsk Hydro Polymers Ltd (UK); Singapore Polymer Corporation Ltd (43.5%) (Singapore) . ELECTRIC POWER: lIS Skafsa Kraftverk (51.66%); lIS Sundsfijord Kraftlag (60.7%); Reldal-Suldal Kraft A/S (91.26%). MAGNESIUM: Norsk Hydro Canada Inc (Canada); Norsk Hydro Magnesiumgesellschaft mbH (W.Germany). ALUMINIUM: Hydro Aluminium as (70%). HYDRO PHARMA: Siogram AS (Sweden); Carmeda AS (69%) (Sweden); Hydro Pharma as; Hydro Pharma Norge as; Hydro Pharma Production as; Vingmed Sound AS (32%)

Financial Information;

31.12.86

NKr'OOO

Group sales turnover 52,360,000

Operating income 2,630,000

Profit (loss) after tax (374,000)

Dividends 385,000

Dividends per share 4.50NKr

Earnings (loss) per share (4.40NKr)

Share capital 2,140,000

Shareholders equity 10,000,000

Principal Shareholders: The Norwegian State (51%)


31.12.87

NKr'OOO

54,503,000

4,253,000

1,830,000

513,000

6.00NKr

21.40NKr

2,140,000

11 ,548,000

NORWAY NORSK OLJE A.S

Norol Postboks 1176, Sentrum, N-Ol07 Oslo 1

Tel: (02) 31 0550 Cable: Oilstation, Oslo Telex: 71060 olje n; 78063 olje n

Fax: (02) 42 02 17

Administration: Jan T Bjerke (Managing Director), Bj0rn U Ellingsen (Deputy Managing Director), Sylfest Austin, Bj0rn Helland-Hansen, Aage St0vland

PRINCIPAL ACTIVITIES: Refining and marketing of petroleum products including fuel oils, aviation fuels, lubricants, bitumen; detergents and car care products and accessories

Trade Names: NOROL

Parent Company: Den Norske Stats Oljeselskap AS Statoil

Subsidiary Companies: Norsk Tankanlalg AfS; Rafinor A/S & Co; Noroil Exploration Co AfS; Norol Hoechst Oil Chemicals A/S; Ekebergtank AfS & Co; Du Pont-Norol Maintenance Services A/S; Norol Energi

Principal Bankers: Kreditkassen


Gross operating income

Operating profit

31.12.87

NKr'OOO

6,289,000

207,000

Principal Shareholders: Den Norske Stats Oljeselskap a.s.Statoil (73.62%); The Norwegian State (26%)

Nv of Employees: 838

NORSKE FINA A/S PO Box 108, N-1371 Asker

Tel: (02) 90 20 10 Cable: Fina

Telex: 76166 fina n

Telefax: (02) 90 09 10

Management: G Standaert, J Skaug, H P Horn, P Harnes, W Nagell, G Talen, J H Berg

PRINCIPAL ACTIVITIES: Trade in petroleum products, bitumen and asphalt; chemical products; interests in oil exploration and production

Parent Company: Petrofina SA, Belgium Principal Bankers: Bergen Bank A/S Financial Information:

Sales turnover


NORSKE SHELL (A/S)

NKr'OOO

1,900,000

Tullinsgate 2, PO Box 1154, Sentrum, N-Ol07 Oslo 1 Tel: 66.50.00

Cable: shell oslo Telex: 71224 shell n

Board of Directors: Egil Ellingsen (Chairman), Leif Inge Andersen, John Bonds, Finn H Enger, Karl Gundersen, J S Jennings, H G Pohl, Brita Sellalg, P D Skinner

Management: Paul D Skinner (Managing Director), Hendrik A Merle (Exploration and Production), Willem C J Quik (Manufacturing), Ragnar Oestrem (Personnel), Steinar Stoetvig (Finance), Paul Groestad (Supply and Marketing), Sigurd Eide (Public Affairs and Planning), Odd Solvang (Legal Manager)

PRINCIPAL ACTIVITIES: Exploration and production; manufacturing and marketing of oil; chemicals

Parent Company: Royal Dutch/Shell Group of Companies Principal Bankers: All main Norwegian banks

168

Financial Information: 31.12.86 31.12.87 NKr'OOO NKr'OOO

Sales turnover 7,437,000 7,447,000 Profit before tax 801,000 1,401,000 Profit after tax 312,000 363,000 Dividends 204,000 232,000 Dividends per share 40.8NKr 46.4NKr Earnings per share 62.4NKr 72.6NKr Share capital 500,000 500,000 Shareholders funds 1,581,000 1,740,000

Principal Shareholders: The Shell Petroleum Company Ltd, London


NORZINK AS Eitrheim, 5750 Odda Tel: (054) 41 011 Cable: Norzink Odda Telex: 42095 norzn n Telefax: (054) 43377

Board of Directors: Leif von Krogh (Chairman), Finn Arnesen, Kjell Nilsson, Odd Sverre Kristensen, Oddvar Rolland, Hans Sekse, Edward Hannington

Management: Odd Sverre Kristensen (Managing Director), KarlOlav Tjalvin (Works Director Eitrheim Zinc Plant), Otto Blomberg (Director), Odd Bj0rn Minsas (Financial Director), Einar Smedal (Sales Director)

PRINCIPAL ACTIVITIES: Production of zinc and alloys, cadmium, sulphuric acid and aluminium fluoride

Trade Names: Norzink Electro, Norzak, Norcadmium Subsidiary Companies: Norzink (UK) Ltd (UK); Ranas Bruks AB

(Sweden); Scancor A/S; Larvik Engineering Corporation AS; Asturmet Inc (USA)

Principal Bankers: Den norske Creditbank; Bergen Bank Financial Information:

Sales turnover NKr'OOO 726,000

Principal Shareholders: Boliden AB, Sweden (50%); BP Minerals International Ltd, UK (50%)


ORKLA BORREGAARD A.S (FOLLOWING MERGER OF ORKLA INDUSTRIER A.S & BORREGAARD A.S IN OCT 1986) PARENT COMPANY OF THE ORKLA BORREGAARD GROUP Box 308, N-1324 Lysaker Tel: +472 50 1080 Telex: 77529 Telefax: +472 50 1691

Board of Directors: The Members of the Board elected by the shareholders are: Nils J Astrup (Chairman), Westye Egeberg, Truls Holthe, Gunnar Thommessen, Torvild Aakvaag. Elected by the Employees: Kjell Henning Johansen, Roger Johansen, Kjell Kjonigsen, Egil Friberg (Observer)

Group Management: Jens P Heyerdahl d.y.(Group President and Chief Executive Officer), Odd Vigmostad (Deputy Group President and Chief Operating Officer Consumer Products), Finn Jebsen (Executive Vice President and Chief Operating Officer Investment Activities)

Group Staff: Lars P Fasting (Senior Vice President Group Development), Trygve B Jorgensen (Senior Vice President Personnel/Organisation), Ludvik Sandnes (Senior Vice President Economy/Finance), Odvar Thorsen (Senior Vice President Legal), Jon Tr0ften (Vice President Information)

PRINCIPAL ACTIVITIES: Industry: Production of edible oil, fat, detergents, toiletries and cosmetics; manufacture of biscuits, processed food including jam, frozen and canned vegetables, frozen and fresh meat and pizza products; snacks; magazine

publishing; regional newspapers; process industries based on natural resources including production of chemicals based on wood-fibre; specialty pulp and paper; hydro electric power production; forestry; land-based and offshore engineering; fine chemicals; trading; stationery wholesale; diary publishing; book production. Investments: Portfolio management, property and financial services

Subsidiary Companies: (100% owned unless stated): Consumer Goods: AIS De-No-Fa og Lilleborg Fabriker; Elico A/S; Ello AlS; Fredrikstad Blikk- & Metallverkfabrikk A/S; AlS SCBtre Kjeksfabrik; Stabburet AlS; Viking Askim A.S; Polly A.S; Smak's Salater A/S; Emil Moestue as; Emo as; AIS H0vellast; Viking Fott0Y A.S; Borregaard Trading AB (Sweden); Borregaard SARL (France). Media: Orkla Media A.S; Orkla Communication A.S; Ernst G Mortensens Forlag A/S; Direct Mail A/S; Forenede Trykkerier A/S; Norsk Presse Service A/S; Moss Avis A/S; Fredriksstad Blad and Sarpen (85%); Tonsbergs Aktietrykkeri (81%); AIS Sandefjords Blad og Trykkeri; AIS Gjengangeren (58.9%). Process Industry: Borregaard Industries Ltd; Borregaard Fine Chemicals A.S ; Trafford Chemicals (UK); Borregaard GmbH (Germany); Borregaard Marketing Company (UK); Norsk Elektrokemisk Aktieselskab (89%); AIS Holmen-Hellefos; Vafos Brug A/S; Orkla-Exolon A/S & Co (50%); Salvesen & Thams's Comm. A/S; Borregaard Engineering A/S; Borregaard og KiCBr skoger. Investments: 1. Securities Section. 2. The Orkla Eiendom Group. 3. The Orkla Finance Group

Principal Bankers: Christiania Bank og Kreditkasse; Den Norske Creditbank


Sales turnover gross Profit before tax' Profit for the year Profit for the group Dividends per share Earnings per share Share capital Equity capital 'and appropriations

31.12.86 NKr'OOO

6,864,000 412,000 61,600 60,800

12.50NKr 51.60NKr

654,836 1,859,900

31.12.87 NKr'OOO

7,028,000 420,000 123,000 121,400

12.50NKr 72,40NKr

721,699 2,050,100

Principal Shareholders: At December 31st 1987: Orkla Borregaard A.S; K-Holding A/S; Bergen Bank; Den norske Creditbank; Fearnley & Eger; Dyno Industrier; UNI Forsikring Gjensidig Liv; DnC-lnvest A/S; The Mitsubishi Bank; Storebrand Skadeforsikring; Storebrand Livsforsikring; Det Gjensidige Forsikringsselskap; Stormgard AlS; Royal Bank of Scotland; Norfond-Finans


SECURUS INDUSTRIER A-S N Storgt 45, PO Box 283, N-3001 Drammen Tel: (03) 83 98 90 Cable: Securus Telex: 78559 secur n Telefax: (03) 83 76 82

Management: Egil Halvorsen (Managing Director), Arne Kjorstad (Organisation Manager), Are Langmoen (Business Development Manager), Knut Nicolaysen (Finance Manager)

PRINCIPAL ACTIVITIES: Energy-related activity; environmental and industrial processes; special chemicals/plastics

Subsidiary Companies: (100% owned unless stated): Protan AIS and its subsidiaries Aigea Produkter A/S; Protan Laboratories Inc (USA); Protan Scotia Marine Canada Ltd (Canada); Protan Scotia Marine Inc (USA); Lesjofors Plast AB (Sweden); Protan Oy (50%) (Finland); Protan Ltd (UK) (USA)

Principal Bankers: Christiania Bank og Kreditkasse Financial Information:

Sales turnover

Principal Shareholders: Norsk Hydro (35.6%) No of Employees: 1 ,200

NKr'OOO 800,000

169

NORWAY STATS OLJESELSKAP, DEN NORSKE, A/S

STATOIL PO Box 300, 4001 Stavanger Tel: 04-80 80 80 Cable: STATOll Telex: 73600 stast n

Board of Directors: Jan Erik langangen (Chairman) Management: Harald Norvik (PreSident and Chief Executive

Officer), Henrik Ager-Hanssen (Senior Executive Vice President), Johan Nic Void (Executive Vice President), Martin Bekkeheien (PreSident Exploration and Production), Tor Espedal (President Refining and Marketing), Tore T0nne (President Petrochemicals)

PRINCIPAL ACTIVITIES: Integrated oil and gas company Trade Names: NOROL, STATOIL Subsidiary Companies: Norsk Olje (NOROl); Rafinor A.S.;

Rafinor A/S & Co; Statoil Netherland BV; Statoil Danmark a.s; Statoil Finland OY; Statoil UK Ltd; Statoil Sverige AB; Statoil France SA; Den norske stats oljeselskap GmbH (Statoil); S0r0ysund Eiendomsselskap a.s; Andenes Helikopter base a.s.; Statoil Forsikring A.S.; Nutec a.s.

Principal Bankers: Rogalandsbanken A/S; Den Norske Creditbank; Christiania Bank og Kreditkasse; Bergen Bank

Financial Information: 31.12.86 NKr'OOO

Sales turnover 49,190,000 Profit before tax 6,601,000 Profit (loss) after tax 1,145,000 Dividends 871,000 Share capital 2,944,000

Principal Shareholders: The State of Norway (100%) No of Employees: 10 ,600

31.12.87 NKr'OOO

60,822,000 7,995,000

(1.534,000)

2,944,000

STORM0LLEN SALGSAKSJESELSKAP PO Box 1251 , 5001 Bergen Tel: (05) 25 65 30 Cable: Storm011en Telefax: 25 82 90

Management: Reidar J Moene (Managing Director) Senior Executives: Roar Kristing (Finance Director)

PRINCIPAL ACTIVITIES: Trade in animal feedstuffs, fertilisers and flour

Trade Names: Storm0l1en-Kl0ver Parent Company: A/S HCBggernCBs Valsem0l1e; I C Piene & S0n

A/S; A.S. Vaksdal M0i1e Principal Bankers: Bergen Bank A/S Financial Information:

Sales turnover' 'Storm0l1en is a non profit making

organisation

NKr'OOO 854.000

Principal Shareholders: Bergen; I C Piene & S0n A/S. Trondheim; A.S. Vaksdal M011e, Vaksdal

No of Employees: 81

TINFOS JERNVERK A/S N-4484 0yestranda Tel: (043) 5 07 77 Telex: 21869 feman n Telefax: (043) 5 07 77

Board of Directors: 0 H Holta (Chairman) Management: Kjartan Fest0Y (Managing Director), Leif A

Andressen, K Forsberg, Ludwig Egeland, Arvid 0 Pettersen

PRINCIPAL ACTIVITIES: Production of ferro manganese, silico manganese, ferrosilicon and silicon metal

Principal Bankers: Bergen Bank

NORWAY Financial Information:

Sales turnover


TOFTE INDUSTRIER A/S N-3482 Tofte Tel: (03) 79 47 00 Telex: 76403 tofte N Telefax: (03) 79 44 60

NKr'OOO 400,000

Board of Directors: Arnfinn Hofstad (Chairman), Jon R Gundersen (Vice Chairman), Jon Hoel, Lage Westerbf21, Bjf21rnar Skogstad, Roy Borgersen, Bjf21rn Pettersen, Dag Tf2Irvold, Thor Lobben

Management: Svein Wenneras (Managing Director), Kristian Juel (Sales Director, Pulp), Truls Aarvik (Finance Director), Even Berg (Materials Administration Manager), Sverre Storebraten (Process Technology Manager), Martin Gravdal (Personnel Manager), Carl Georg Launer (Sales Director, Paper), Rune Ingvarsson (Mill Manager)

PRINCIPAL ACTIVITIES: Manufacture and sale of paper and bleached sulphate pulp

Subsidiary Companies: Tofte Sales A/S; Tofte France Sari; Tofte (UK) Ltd; Tofte Industrier Vertriebs GmbH

Principal Bankers: Bergen Bank; Citibank; Fokus Bank Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Earnings per share Share capital Equity capital

31.12.86 NKr'OOO 977,000 43,000 43,000 43,000

15.26NKr 250,360 250,567

31.12.87 NKr'OOO

1,184,000 185,000 184,000 184,000

87.60NKr 202,000 187,970

Principal Shareholders: Norske Skogindustrie A/S (24.2%); Folium A/S (13.9%); Union (9.3%)


170

Major Companies of PORTUGAL

171

BASF PORTUGUESA LOA R. Santa Barbara 46,1021 Lisboa Codex Tel: 56 2511; 56 2517; 56 2518 Cable: BASF Lisbon; BASF Porto Telex: 16742; 12219

Senior Executives: C J W Eggers, B Friebel, Dr F-W Koenig

PRINCIPAL ACTIVITIES: Trade in BASF products including chemicals, pharmaceuticals, plastics and magnetic tapes

Parent Company: BASF AG Ludwigshafen am Rhein, West Germany

Principal Bankers: Bank of London & South America Ltd; Credito Franco-Portugais, Banco Pinto & Sotto Mayor etc


COMPANHIA INDUSTRIAL DE RESINAS SINTETICAS, CIRES SARL See RESINAS SINTETICAS, CIRES, COMPANHIA INDUSTRIAL DE, SARL

COMPANHIA NACIONAL DE PETROQUIMICA, EP CNP Av Eng. Duarte Pacheco no.1-20, 1200 Lisboa Tel: 656071 Telex: 184~ CNPLIS Telefax: 68 53 97

Chairman: Eng Jorge Gon9alves

PRINCIPAL ACTIVITIES: Manufacture of petrochemicals Financial Information:

Sales turnover (Loss) before tax (Loss) after tax


EPSI

1987 Esc'OOO

16,837,738 (14,260,583) (14,260,583)

Empresa de Polimeros de Sines SA Rua Artilharia Urn 79-6/7, 1200 Lisboa Tel: 692520 Cable: Polisines Lisboa Telex: 14103 Epsilx - P Telefax: 656106-685397

Chairman: Jorge Augusto de Saldanha e Albuquerque Verschneider Gon9alves

Executive Directors: Jorge A S A Verschneider Gon9alves (External Market Commercial Director), Joao Manuel Loureiro de C8I'Valho Marques (Domestic Market Commercial Director and Financial Director), Jose Manuel da Silva Bernardo Monteiro (Planning and Control Director), Pedro Pedrosa Machado (Industrial Director)

Senior Executives: Antonio Santos Ferreira (Domestic Market Commercial Manager), Bento Gra9a Araujo (External Market Commercial Manager), Marilia P A Pinheiro (Financial Manager), Jose Francisco Faria (Industrial Manager), Joao M Alves Narciso (Production Manager), Joao R Conde Pereira (Administrative Manager)

PRINCIPAL ACTIVITIES: Industrial plastics; polymers and monomers. As a result of the modification of relationship between Cornpanhia Nacional de Petroquimica (EPSI's former parent company) and EPSI, and as a consequence of the changing of ownership of the majority of EPSI's shares, now registered in the name of "Direc9ao Geral do Tesouro", EPSI's activiity developed considerably. From 29th August, 1986, thereon, EPSI undertook the commercialisation of monomers, still produced by C.N.P. on the basis of a processing contract, and the commercialisation of its own entire polymers production

173

PORTUGAL Trade Names: LUSOTENE, SINELENE, BARBLENE Principal Bankers: Banque Indo-Suez; Societe Generale de

Banque; Mitsubishi Bank; Orient LeaSing Corporation; Fuji Bank; Gulf International Bank; Generale de Banque; PrivatBanken; Bank of Nova Scotia; Caixa Geral de Depositos; Banco de Fomento Nacional; Banco Portugues do Atlantico; Banco Totta & Ac;;ores; Banco Nacional Ultramarino; Banco Fonsecas & Burnay; Uniao de Bancos Portuguesas; Credito Predial Portugues; Banco Espirito Santo e Comercial de Lisboa; Banco Pinto & Sotto Mayor


Sales volume Share capital Shareholders funds '1988 sales forecast

Esc42,000,000,000

31.12.86 Esc'OOO

23,873,456 3,180,000

31.12.87* Esc'OOO

36,312,236 3,180,000

16,251,559

Principal Shareholders: Portugese Government (86.8%); Socieete Chimique des Charbonnages-CdF Chimie SA (13.2%)


FISIPE Fibras Sinteticas de Portugal Sa PO Box 5, Lavradio, 2830 Barreiro Tel: 2075171/81 Telex: 13856 FISIPE P

President: Jose Domingos Vistulo De Abreu Directors: Quimigal-Quimica de Portugal EP represented by

Joao Manuel Caminha Dotti (Managing Director), Kiyoharu Matsui, Mitsubishi Rayon Company Ltd represented by Yoshio Miyako, Antonio Manuel Ribeiro

Senior Executives: Ruy Costa (Development Manager), Sergio Cortes (Marketing Manager), Pedro Mello e Castro (Industrial Manager), Jose Henrique Romano Ramos (Human Resources Manager), A Figueiredo de Almeida (Financial Manager)

PRINCIPAL ACTIVITIES: Manufacture of synthetic fibres Trade Names: Vonnel Parent Company: Quimigal-Quimica de Portugal, EP Principal Bankers: Banco Portugues do Atlantico; Banco Totta

& Ac;;ores; Lloyds Bank Financial Information:

31.12.86 31.12.87 Esc'OOO Esc'OOO

Sales turnover 8,737,335 8,790,957 Profit before tax 1,205,105 1,856,189 Profit after tax 628,597 1,236,189 Retained profit 314,436 607,868 Dividends 314,160 628,320 Dividends per share 169Esc 169Esc Earnings per share 338Esc 332.5Esc Share capital 1,858,937 3,717,874 Shareholders funds 2,425,124 880,623

Principal Shareholders: Quimigal-Quimica de Portugal, EP (72.8%); Mitsubishi Corporation (9. '%); Mitsubishi Rayon Company Ltd (4%); Particulares (14.1%)


GIST BROCADES LOA Rua Herois de Franc;;a 846, 4450 Matosinhos Tel: 2-932171 Telex: 22671 Telefax: 2-938367

Chairman: I BUll-Simonsen

PRINCIPAL ACTIVITIES: Production of penicillin; production and distribution of yeast

Trade Names: Activa, Jacto Parent Company: Gist-Brocades NY, Delft, Netherlands Principal Bankers: B.PA; B.P.S.M.

PORTUGAL Financial Information:


Shareholders funds


31.12.86 Esc'OOO

3,700,000 1,000,000 1,638,376

HOECHST PORTUGUESA SA

31.12.87

Esc'OOO 4,800,000 1,000,000

2,419,362

Estr Nacional 249, PO Box 6, 2726 Mem Martins Codex Tel: 9212160 Telex: 16380 hoechst p

Telefax: 9210010

Board of Directors: Wolfgang Kemper (President) Management Board: Guido Graf Zu Lynar

PRINCIPAL ACTIVITIES: Manufacture of pharmaceutical products and chemicals

Parent Company: Hoechst Aktiengesellschaft

Subsidiary Companies: Resiquimica; Emulsa; Sabiol; Coper; Stubbe-Hoechst


Esc'OOO

Sales turnover 12,668}88 Profit before tax 810,715 Profit after tax 629,215


Dividends 130,000

Share capital 1,300,000 Shareholders funds 2,815,965

Principal Shareholders: Hoechst AG, Germany (sole shareholder)


PETRO LEOS DE PORTUGAL, EP PETROGAL Rua das Flores 7, Box 2539, 1113 Lisbon Codex Tel: (01) 32 80 35; 37 03 71 Cable: PETROGAL-LiSBON Telex: 12521 aegalp p Telefax: (01) 321233

1988 Esc'OOO

15,326,047 1,003,560

731,060

536,060 195,000

1,300,000

3,701,192

Chairman: Antonio da Silva Pinto (Supply and Export, Exploration and Production, Public and International Relations, Administrative); Vice Chairman: Mario Cristina de Sousa (Planning and Control, Finance, Data Management)

Directors: Fernando Andre Fernandes Silva (Marketing-Fuels, Lubricants and LPG), Carlos Cape lao (Refining and Chemicals), Bernardo Xavier (Personnel and Legal)

PRINCIPAL ACTIVITIES: Exploration, refining; (Petrogal is the only refining corporation in Portugal and operates three refineries) transportation and marketing of oil products, production of base lubricant oils, paraffins and solvents

Trade Names: GALP

Subsidiary Companies: (100% owned unless stated): CARBOGAL-Carbonos de Portugal SARL (92.9%); HOTELGAL-Sociedade de Hoteis de Portugal SARL (29.83%); EIVAL-Sociedade de Empreedimentos, Investimentos e Armazenagem de Gases SARL (89.28%); SAAGA-Sociedade Ac;:oreana de Armazenagem de Gas SARL (43.91%) (Azores); SACOR MARiTIMA, LOA (99.98%); AGRAN-Agroquimica de Angola SARL (Angola) (98.67%); DICOL-Sociedade Distribuidora de Combustive is e Lubrificantes da GuineBissau (30%) (Guinea); MOQACOR-Distribuidora de Combustiveis SARL (76%) (Mozambique); PETROGAL ESPANOLA (Spain); GALP International Corporation; SOCARIberica de Carburantes SA (50%); SONAPE~Edic;:oes e Publicidade Lda (33.33%); SOPOR-Soc Port de Rodovias Lda (99%); SOTURIS-Soc Expansao Hot e Turistica SARL (97.6%)

174


Sales turnover Esc'OOO

230,000,000

PrinCipal Shareholders: The Portuguese State (100%) No of Employees: 6,060

PETROQuiMICA E GAS DE PORTUGAL, E.P. Avendia Antonio Augusto de Aguiar 104-4, 1000 Lisboa Tel: 538801/2/3/4 Cable: PETROQUIMICA Telex: 12864 PETRO P; 13506 FIPET P; 42739 FABGAS P

President: Eng. F. David de Moura Management Board: Dr Waldemar F C Neves, Eng. A Norton de

Matos, Eng. A Lopes Baptista, Eng. Henrique J Gomes

PRINCIPAL ACTIVITIES: Manufacture of town gas, ammonia, azote, hydrogen, oxygen, carbon dioxide (liquid and dry ice), phthalic anhydride and plasticizers

Trade Names: Di-Iso-Nonyl Phthalate-"DRIFTAL 900B", Di-IsoDecyl Phthalate-"DRIFTAL 100B", Di-Butyl-Phthalate"DRIFTAL 400A", Di-Octyl-Phthalate-"DRIFTAL 800A"

Principal Bankers: Banco Fonsecas & Burnay; Banco Espirito Santo e Comercial de Lisboa; Banco Totta & Ac;:ores; Lloyds Bank PLC; Banco de Fomento Nacional; Caixa Geral de Depositos


Sales turnover


Esc'OOO 5,700,000

QUIMIGAL-QuiMICA DE PORTUGAL, EP Av Infante Santo 2, 1399 Lisboa Codex Tel: 604040 Cable: FABRIL P Lisboa Telex: 12426; 16609 Fabril P Telefax: 673172

Board of Directors: Alberto Justiniano (President), Amaral Mantua (Vice-President), Ribeiro Ferreira, Figueiredo Costa, Sant' Anna Coelho, Leal da Silva, Alberto Camarinha

Senior Executives: Dr Jose Gomes Pedro (Director Central Finance), Dr J Fernandes de Almeida (Director Information Services), Eng Maria Odette Barros Henriques (Director Documentation); Antonio Carqueijeiro (Director Legal Services). Fertiliser Sales: Eng Luis Balbino (Director), Eng Monteiro Marques (Director of Marketing). Agrochemical Products Division: Eng Joao Clode (Director), Eng Dias Coelho (Director of Marketing). Inorganic Chemicals and Metals: Eng Jose Faria e Santos (Director), Eng Martins Rodrigues (Marketing Director Chemical Products), Eng Antunes Pinto (Marketing Metals). Plastics and Specialty Chemicals Division: Eng Antonio Capelo (Director), Eng Pedro Severiano (Commercial Director). Sales of Household Textiles: Dr Vieira de Freitas (Director), Dr Alves Martins (Director of Marketing). Oils and Fats Division: Eng Giuseppe Nigra (Director), Eng Ramos da Silva (Marketing Director Margarines). Livestock Products Division: Eng Alberto Camarinha (Director), Eng Jose Rocha Martins (Marketing).

PRINCIPAL ACTIVITIES: Manufacture of chemicals for agriculture; inorganic chemicals; industrial gases and metals; plastic materials; fibres and processed plastic fibre products for industry; organiC chemicals; consumer goods; products for livestock; home textiles

Trade Names: Compound Fertilizers: FOSFONITRO, FOSKAM6NIO, FOSKAPA. Nitrogen Fertilizers: NITROLUSAL, NITROAMONIACAL, NITROMAGNESIO. Agrochemicals: CALTAN PLUS. Products for Livestock: CUF-SANDERS. Household Textiles: CUF TEXTIS LAR. Edible Oils: FULA, MANA, VEGE, SOMIL, FULA-GIRASSOL. Soaps: SOLAVAR, CLARIM. Margarines: APETITE, LEVE, PALADAR, SAMIL, SOL. Sulphate Copper: NEVE, PARMA, CRISTAL. Polyols, Polyurethanes, Ethoxycates: QUIMIPOL. Polyester Resins: QUIRES. Plastic for Agriculture: QUIMIPLAS

Subsidiary Companies: Atlansul; Fisipe; Isopor; Lusofane; Previnil; Quimatex; Quimibro; Sonadel; Intergal (Spain); Quimibol (Switzerland); Intercuf (Brazil); Induve (Angola); Comfabril (Angola); Comfatex (Angola); Compo Textil do Pungue (Mozambique); Cicomo (Mozambique); Unisol; Uniclar; Tinco; Sovena


31,12,86

Esc'OOO


Profit after tax 9,534,000

Own capital 4,588,000

Principal Shareholders: State owned company


31 .12.87

Esc'OOO

58,221,000

9,779,000

3,655,000

RESINAS SINTETICAS, CIRES, COMPANHIA INDUSTRIAL DE, SARL Rue Castilho 165-40, Dto-Edificio Mobil, 1000 Lisboa

Tel: 659031/2/3

Cable: Cires Lisboa

Telex: 13662 Cires P

PRINCIPAL ACTIVITIES: Manufacture of synthetic resins


Sales turnover


Esc'OOO

5,800,000

SAPEC-PRODUITS ET ENGRAIS CHIMIQUES DU PORTUGAL SA R Victor Cordon 19, Aptd 2349, 1108 Lisboa Codex

Tel: 36 07 15; 36 64 26

Telex: 12335 sapec p

Board of Directors: Frederic Velge (Chairman), Marc Velge (Managing Director), Eduardo Catroga (Managing Director)

Personnel Director: Carlos Almeida Santos. Legal Department Director: Antonio Jose Tomas. Research Director: Jose Manfal. Head of Data Processing Department: Joaquim Verissimo. Head of Property Department: Rui Valdez. Divisional Managers: Jose Martins Pereira (Fertilisers), Jorge Correia (Pesticides), Ercilio Barreto (Animal Feeds), Antoine Velge (International Trade), Pedro Furtado Martins (Seeds and Provisions). Central Managers: Sebastiao de Albuquerque (Finance and Administration), Joao Sinde (Planning and Control), Francisco Leal Gonsalves (Manufacturing), Luis Loreto (New Activities). Production Managers: Fernando Gamboa de Carvalho (Fertilisers), Carlos Martins (Pesticides). Commercial Managers: Edmar de Oliveira (Fertilisers), Manuel Mendes de Oliveira (Pesticides), Albano Melo e Santos (Animal Feeds). Managers: Jose Vaz de Oliveira (Fertilisers), Joao Estrela (Pesticides)

PRINCIPAL ACTIVITIES: Manufacture of a range of agrochemicals including fertilisers , pesticides; manufacture of animal feeds

Trade Names: SAPEC

Parent Company: SAPEC-Produits et Engrais Chimiques du Portugal SA, Brussels, Belgium

Subsidiary Companies: SAPEC Rac6es Lda; Mines et Industries SA; Minas e Metalurgia Sari; INTERPEC; SETEIA

Principal Bankers: Lloyds Bank; Banco Fonsecas & Burnay; Banco Espirito Santo e Comercial de Lisboa; Banco Portugues do Atlantico

175

PORTUGAL Financial Information:

31.12.86 Esc'OOO

Sales turnover 12,560,000 Profit before tax 600,000 Profit after tax 244,000 Retained profit 179,000 Dividends 65,000 Dividends per share 346Esc Earnings per share 1,300Esc Share capital 1,743,000 Shareholders funds 3,444,000


SHELL PORTUGUESA SARL Av Liberdade 249, 1200 Lisbon Tel: 57 40 33; 5341 41 Telex: 18322 shell

31.12.87 Esc'OOO

13,302,000 405,000 318,000 237,000 81,000

431 Esc 1,694Esc

1,914,000 3,735,000

Management: Thylbert Oscar Johannes Gheyselinck (Administrador -Delegado)

PRINCIPAL ACTIVITIES: Trade in petrol, petroleum products and chemicals

Parent Company: Part of the Royal Dutch Shell Group Subsidiary/Associated Companies: Billiton Portuguesa

Desenvolvimento Mineiro Lda; EMPRENDIOLEmpreendimentos e Obras Publicas Lda; Empresa Editorial Electrotecnica-EDEL Lda; Papeleira de s.Paio de Oleiros Lda; Soc.Portug.de Navios-Tanques Lda-SOPONATA; CEADCentro de Estudos de Administra9ao e Desenvolvimento Sari; FERTOR-Soc Exportadora do Norte Sari; SAAGA-Sociedade A90reana de Armazenagem de Gas Sari


Sales turnover


Esc'OOO 62,000,000

SOCIEDADE NACIONAL DE SABOES LDA Rua de Marvila 151 , PO Box 2270,1900 Lisboa Codex Tel: 381571 Cable: Offrosa-Lisboa Telex: 18474 SabOes P

PRINCIPAL ACTIVITIES: Production of edible vegetable oils; industrial vegetable oils; detergents, laundry and toilet soaps; insecticides; cosmetics


Sales turnover


SODA POVOA SARL Rua Fialho de Almeida 3, 1000 Lisboa Tel: 535131 Cable: Lixsoda Telex: 16318 soda p

Directors: Eng. Serge Xavier Thibaut

Esc'OOO 6,300,000

PRINCIPAL ACTIVITIES: Manufacture of industrial chemicals , hydrochloric acid, chlorine, sodium bicarbonate, carbonate, silicate and caustic soda

Financial InformatIOn:

Sales turnover


SONADEL

Esc'OOO 4,700,000

Sociedade Nacional de Detergentes Sari Rua Jose Dias Coelho 17, 1300 Lisboa Tel: 648374/8 Telex: 16078 SONADL P Telefax: 648370

PORTUGAL Board of Directors: Eng Silva Marques (Chairman), Eng Lago

Guisado, Eng Morais Figo, Dr Rosa de Morais, Rui de Novais Mateus

PRINCIPAL ACTIVITIES: Manufacture of washing and household products; washing powders; high and low suds detergents; powder detergents for automatic dishwashers; liquid detergents; rinsing agents; fabric conditioners; powder and cream scourers; aerosols; airfresheners, insecticides and stain removers

Trade Names: Polo, rena, jua, Pop, Super Pop, Brio, Frix, Renamatic, Xau, Velur, Citrus, Javisol, Sonaril, Sonalon

Parent Company: Quimigal, EP Subsidiary Companies: (Indirectly) UNICLAR SA; UNISOL SA;

FLORAL Lda; SERVISAN SA; LlTRAPOR SA Principal Bankers: Banco Espirito Santo & Comercial de Lisboa;

Banco Totta & A90res; Uniao de Bancos Portugueses Financial Information:

31.12.86 31.12.87 Esc'OOO Esc'OOO

Sales turnover 4,593,000 4,638,000 Profit before tax 361,000 392,000 Profit after tax 200,000 233,000 Retained profit 75,000 88,000 Dividend 100,000 117,000 Dividend per share 265Esc 310Esc Earnings per share 529Esc 616Esc Share capital 378,000 378,000 Shareholders funds 813,000 922,000


UNIAO INDUSTRIAL TEXTIL E QUIMICA UNITECA SA 199 Jose Falcao, 4000 Porto Tel: 27547 Telex: 23550 unitec p; 26662 unitec p (sales) Telefax: 3512383476

Chairman: Henrique Marques Pereira Directors: Rui Teixeira, Brazao Gon9alves, Helder Veiga, Jose

Guimaraes, Fernando Mendes, Joao de Mello, Joao Cabral

PRINCIPAL ACTIVITIES: Manufacture of chemicals (caustic soda, hydrochloric acid, sodium hypochlorite, chlorine, hydrogen)

Trade Names: UNITECA Subsidiary Companies: Clona Mineira De Sais Alcalinos SA;

QUICOM-Comercio Produtos Quimicos Ltd Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Share capital Shareholders funds "Textile mill sold December

1984, but printed and dyed fabrics still sold commercially for the 2 years prior to 1986, therefore the 1986 figures include sales on chemicals and textiles


31.12.86 Esc'OOO

3,640,958" 8,472 8,472 8,472

325,000 294,798

31.12.87 Esc'OOO

3,476,462 30,859 30,859 30,859

325,000 376,008

176

Major Companies of SPAIN

177

3M ESPANA SA Josefa Valcarcel 31, 28027 Madrid Tel: (91) 742.00.12 Cable: TRESEME MADRID Telex: 27.499 Telefax: (91) 742.43.57

President: Joseph M Warren Directors: Robert B Palma (Managing Director), Jose Antonio

Amigo (Sales and Marketing), Emilio EgOen (Sales and Marketing), Carlos Sanchez Castro (Sales and Marketing), Jose Antonio Morera de Guijarro (Sales and Marketing), Rafael Cirvian (Sales and Marketing), Vicente Jimenez Blanco (Financial), Dave S Duke (Manufacturing and Engineering), Jose Manuel de Jauregui (Human Resources), Pablo Magarzo (Corporate Marketing), Luis Cocina (Logistics), Ricardo Pavon (Public Relations)

Senior Executives: Francisco Jose Soriano Flores de Lemus (Secretary of the Board)

PRINCIPAL ACTIVITIES: Production of adhesives and adhesive tapes, medical products, cleaning products. telecom connectors

Trade Names: SCOTCH, 3M, POST-IT, SCOTCH LITE, SCOTCHBRITE

Parent Company: Minnesota Mining & Manufacturing Co, USA


Sales turnover Profit after tax Retained profit Share capital


31 .10.87 Pta 'OOO

16,777,000 2,205,000 5,509,000 1,000,000

31.10.88 Pta'OOO

20,155,000 2,741,000 6,065,000 1,000,000

AGROPECUARIA DE GUISSONA, SCOOP LTDA Verge del Claustre 32, Guissona, E-Lerida

Tel: 550000 Telex: 52150 cagg e

Board of Directors: Miguel Cucurull Corbero (Presidente), Antonio Ros Llop (Vice Presidente), Juan Jove Sola (Secretario), Juan Capdevila Salat (Tesorero), Francisco Aubach Lleonart, Ramon Garcia Ribes, Antonio Vilas Armisen, Ignacio Calsina Oliveras

Management: Jaime Alsina Calvet (Director General), Rosendo Camats Ribera (Director Financiero), Jose L Garcia Luque (Director de Administration), AntoniO Condal Tomas (Director de Personnel), Jaime Villorbina Giralt (Director de Produccion de Piensos), Armengol Balaguero Fito (Director de Suministro de Piensos), Juan Sangra Forn (Director de Asistencia Tecnica), Ramon AIIue Pia (Director de Servicios Agrarios), Vicente Serra Boncompte (Director de Ingenieria), Jorge Marsol Parramon (Director de Produccion de Pollitos), Vicente Brieba Farrero (Director de Contratos de Aves), Salvador Puig Serra (Director de Contratos de Ganado), Ramon Argerich Miramunt (Director de Matadero de Aves), Juan Marsol Cuadros (Director de Matadero General Frigorifico), Jose Ma Santacana Toldra (Director de Despiece de Carnes), Jorge Grasa Fabrega (Director de Comercial de Carnes), Jose Argerich Boixados (Director de Control de Calidad), Jaime Olivet GOell (Director de Elaborados Carnicos)

PRINCIPAL ACTIVITIES: Slaughtering of cattle and poultry, manufacture of animal feedstuffs; meat products; manufacture of medical products for livestock and poultry; sale of fertilizers and hygiene products for agriculture; incubation of eggs; fattening of cattle and poultry

Trade Names: CAG. Guissona Subsidiary Companies: Promocion y Genetica SA Principal Bankers: Caja Rural de Guissona; Banca Catalana;

Banco Atlantico; Banco de Vizcaya; Banco Hispano Americano; Banco de Bilbao, Banco Central

179

SPAIN Financial Information:



AISCONDEL SA Aragon 182, 08011 Barcelona Tel: 3231020,3230039 Cable: Aiscondel Telex: 97 887 ETIN E Telefax: 3237921

Chairman: Rafael Espanol Director: Rafael Espanol

31.12.86 Pta'OOO

29,290,801 593,487 569,313 569,313

1,211,280

31.12.87 Pta'OOO

47,477,372 539,000

1,376,596

Senior Executives: Carlos Pellicer (Director of Operations), Juan Rovira (Finance Director), Jose M Sayrol (Secretary General)

PRINCIPAL ACTIVITIES: Raw materials for plastics and fabricated products

Trade Names: Etinox, Polidux, Airon Fix, Asadur, Drayfil, Airon Lux, Airon Cristal, Imperplastic, Mangaflex, Airon Tex, Nyleva, Texdin, Napaflex, Airon Kapra, Airon Novo, Airon Tiber

Principal Bankers: Banco Espanol de Credito; Banco Exterior de Espana; Banco Hispano Americano; Banco de Sabadell; Banco de Bilbao



1986 Pta'OOO

18,105,000 180,000

6,000,000

1987 Pta'OOO

20,676,000 829,000

7,250,000

PrinCipal Shareholders: Energia e Industrias Aragonesas SA; Banco Espanol de Credito (BANESTO); Repsol Quimica SA


ALTOS HORNOS DE VIZCAYA SA

AHV Carmen 2, 48901 Baracaldo (Vizcaya) Tel: (94) 496 00 11; 496 20 11 Cable: Altos Hornos PO Box 116 Bilbao Telex: 32777

Board of Directors: Juan Luis Burgos Marin (Presidente), Fernando Capelastegui Herrero, Carlos Castellanos Goyoaga, Jose Maria Cortina Ruiz, Juan Ignacio Bartolome Gironella, Jose Luis Ibanez Garcia, Francisco Javier Lopez Lopez, Jose Emilio Martinez Castaneda, Rafael Sanchez de la Pena, Ignacio Satrustegui Aznar, Edward L Smith, Maximo Tamayo Barcena. Secretario: Jose Maria Cortina Ruiz

Management Committee: Juan Luis Burgos Marin (Presidente), Fernando Capelastegui Herrero (Director General), Javier Perez-Agote Poveda (Director Gral. de Administracion y Finanzas), Jose Antonio Diaz-Guardamino Echeverria (Director General Comercial) , Emilio San Miguel (Director General de Asuntos Sociales), Jose Marea Cortina Ruiz (Director de Asuntos Legales)

PRINCIPAL ACTIVITIES: Iron and steel industry; mining; chemical interests

SubSidiary/Associated Companies: (100% owned unless stated): Agrupacion Minera SA; Aguas y Salt os del Zadorra SA; Laminaciones de Lesaca SA; SE de Minas de Somorrostro y Franco-Belga de Minas de Somorrostro; Sefanitro SA (58.9%); SA Basauri: Sociedad Bilbaina de Maderas y Alquitranes SA


Sales turnover

31.12.87 Pta 'OOO

90,539,000

31 .12.88 Pta'OOO

100,766,000

SPAIN Principal Shareholders: Banco Credito Industrial (BCI) (25%);

30,000 Shareholders (75%) No of Employees: 7,391

BABCOCK & WILCOX ESPANOLA SA Aida de Recalde 27, Aptd 294, Bilbao 48080 Tel: (94) 441 57 00 Cable: Babcock-Bilbao Telex: 33776 BWBIL-E

President: Manuel Fernandez Garcia (Presidente Ejecutivo) Directors: Jesus Leura Garcia (Director General Adjunto FBE),

Jose Sota Aira (Director General Adjunto FPT), Pedro Ma Basurco Aboitiz (Director General Adjunto FAEL)

PRINCIPAL ACTIVITIES: Energy: Manufacture of power plant boilers, industrial bOilers, black liquor recovery boilers for paper mills and industrial equipment including equipment for electric utilities, chemical and petro-chemical industries, iron and steel industry, cement industry, sugar refinery equipment, offshore, mechanical handling equipment, desalination plant, piping and valves. Railway Rolling Stock: Diesel electric line locomotives, diesel electric and diesel hydraulic shunting locomotives, passenger coaches, torpedo waggons for molten pig iron, goods waggons and special purpose units, sparkproof locomotives, gears. Tubular Products Plant: Seamless steel tubes, seamless steel gas cylinders, steel and iron castings. Rolled Products, Special Steel

Subsidiary/Associated Companies: Helisoid Iberica; Tubos Reunidos SA; Tubos del Nervion SA; Accessories BabcockTubos Reunidos; Almacenes Metalurgicos SA; Equipos Nucleares SA; Purificadores de Agua SA


Sales turnover


BASF ESPANOLA SA

Pta'OOO 19,000,000

Paseo de Gracia 99, Aptd 762, 08008 Barcelona Tel: (93) 215 1354 Telex: 52 488 Basfb e Telefax: (93) 215 95 06

Supervisory Board: Dietmar Werner (Presidente), Rudolf Di.itemeyer (Vicepresidente), Hans-Joachim Witt,. Hans-Jakob Kramer, Jose Maria Ratols Serda (Secretario)

Executive Committee: Rudolf Di.itemeyer (Consejero-Delegado), Leonhard Gonsior (Direccion Produccion), Lorenzo Vila (Direccion I-Colorantes, Dispersiones, Productos Magneticos), Diego Theumann (Direccion II-Materias Plasticas), Manuel Lafora (Direccion III-Productos Quimicos y Agroquimicos, Delegaciones y Publicidad), Klaus Engel (Direccion Finanzas)

Senior Executives: Jose P Atienza (Representacion Madrid y R.P.), Antonio Garcia Jurado (Logistica y Compras), Miguel Masso Forner (Informacion y Control), Carmen Reuland CandelJ (Personal), Roberto Garrido Cruz (Produccion), Antonio Borrell Valls (Ingeneria) Wulf Taeger (Productos Agroquimicos), Jose Luis del Valle Gonzalez (Relaciones Laborales)

PRINCIPAL ACTIVITIES: Manufacture of chemical products; wholesale fertilisers, plant and animal protecting products, pigments

Trade Names: Ultraphor, Basacryl, Cottestren, Basilen, Indathren, Palanil, Cellestren, Helizarina, Heliogen, DO, SICD DO, Rubi Lithol, Sicomin, Euthylen, Sicoplast, Paliogen, Lutensol, Trilon, Acronal, Sturonal, Butofan, Flexy-Disk, Lupolen, Novolen, Luran, Terluran, Luran S, Styrolux, Terblend, Ultramid, Ultradur, Ultraform, Ultrason, Styropor, Palapreg, Styrodur, Palatinol, Keroflux, Glysantin, Hydraulan, Luviskol, Lutavit, Nitrophoska Azul, Nitrophoska Permanent, Triabon, Hakaphos, Hortrilon, Fetrilon, Combi, Basfhumus, Basfoliar, Pyramin, Pyrasyr 60, Pyrasur FL, Bavistin, Bavistin M, Calixin, Cosmic, U-46, Basagran, Lihocin, Perfektion, Azocord, Salut, Counter, Ronilan, Pix, Compo

180

Parent Company: BASF AG, Ludwigshafen, Germany Subsidiary Companies: (100% owned unless stated): Labiana

Analitica SA; Curtex Industries Sinteticas SA (75%) Financial Information:


1987 Pta'OOO

43,481,000 815,000

1,500,000

Principal Shareholders: BASF AG, Germany (100%) No of Employees: 1 ,020

BAYER HISPANIA COMERCIAL SA Pau Claris 196, 08037 Barcelona Tel: (93) 217 40 12 Telex: 50300

1988 Pta'OOO

51,536,000 4,043,000 1,500,000

PRINCIPAL ACTIVITIES: Import and distribution CfI chemicals, plastics and textiles •

Parent Company: Bayer AG, Germany Financial Information:

Sales turnover


Pta'OOO 44,800,000

BAYER HISPANIA INDUSTRIAL SA Pau Claris 196, 08037 Barcelona Tel: (93) 218 45 50 Telex: 54482 BAYIN E

PRINCIPAL ACTIVITIES: Manufacture of plastiCS, synthetic rubber, chemicals and chemical raw materials

Parent Company: Bayer AG, Germany Subsidiary Companies: Bayer Hispania Comercial SA Financial Information:

Sales turnover


CAMPSA

Pta '000 18,300,000

Cia Arrendataria Del Monopolio tI. Petr61eos SA Capitan Haya 41, Aptd 318, Madrid 28020 Tel: 4561600 Telex: 23387 CAMPE E

Board of Directors: Jose Luis Diaz Fernandez (Chairman), Roberto Centeno Gonzalez (Managing Director)

PRINCIPAL ACTIVITIES: Exploration for and production of oil; oil refining; distribution and sale of petrol~m and petroleum products

Subsidiary Companies: Corpora cion Espanola de Hidrocarburos SA


Sales turnover Pta'OOO

93,000,000

Principal Shareholders: Instituto Nacional de Hidrocarburos SA No of Employees: 8,230

CEPSA Compania Espanola de Petr61eos SA Avenida de America 32, 28028 Madrid Tel: 2565300; 255 64 00; 256 56 00 Cable: Spanoil Telex: 27722; 27678; 23384; 22938 cepsa e Telefax: 2554116

Board of Directors: Alfonso Escamez Lopez (Chairm~, Luis Magana Martinez (Vice Chairman), Juan LlisO Mbrent>, Enrique Marsans Comas, Eduardo RecaseM Mus. (Secretary), Jaime Botin S de Sautuola y ~ cAlles Ate~, Demetrio Carceller Coli, Luis Reig Albiol, Emilio Elotin S de

Sautuola y G de los Rios. Manuel Gari de Arana. Carlos Perez de Brieio. Eugenio Marin Garcia-Mansilla (President)

Management: Alfonso Eseamez Lopez (Chairman). Luis Magana Martinez (Vice-Chairman). Eugenio Marin Garcia Mansilla (President). Eduardo Recasens Muste (Secretary of the Board of Management). Vice Presidents: Salvador Anglada-Llovera (Corporate Development). Francisco Grau-Claramunt (Corporate Secretary). Managers: Manuel Alzola Gonzalez (Assistant President). Jose Chaparro Azanza (Personnel). Francisco J Diaz Soares (Commercial). Antonio Garcia Padron (Refining). Jose de Jaime Eslava (Finance. Administration and Control), Isidoro Martinez Pen a (Supplies), Jose M Pons Llacer (Operations Plans and Programs), Vicente Povedano Penalva (Organisation and Systems), Antonio Tunon Alvarez (Petrochemicals)

PRINCIPAL ACTIVITIES: Oil refining; fuel and motor oils; lubricating oils and greases; petrochemicals; cargo and tanker fleet operations

Trade Names: CEPSA Subsidiary Companies: Domestic Subsidiaries: Cia de

Investigaeion y Explotaeiones Petroliferas SA (CIEPSA); Compania General de Sondeos SA (CGS); Petroquimica Espanola SA (PETRESA): Intercontinental Quimica SA (INTERQUISA): Resinas Sinteticas SA (RESISA); Poliesteres Espanoles SA (POLlESA); Condepols SA; Cia Espanola de Esteroides SA (ESTEROIDES); Cia Espanola de Sintesis Quimica SA (CESQUISA); Cia Distribuidora de Petroleos SA (CEDIPSA); Distribuidora de Productos Petroliferos SA (DISPESA): Cia Espanola de Petroleos Atlantico SA; Ediciones CEPSA SA; CEINT; PETROCAN; DERPROSA. Foreign Subsidiaries: CEPSA Argelia; CEPSA Guinea SA; CEPSA Cia Portuguesa de Petroles Lda (Portugal); Produtos de Petroieo Lda (PROPEL) (Portugal); INTEROCO INC (Liberia); CEPSA Italia SpA (Italy): CEPSA UK (UK); CEPSA Brasileira de Petroleos SA (Brazil); CEPSA IRAN SA (Iran); PETRESA Internat NV (Belgium). Domestic Associated Companies: Medosa Holding SA; Lubricantes del Sur SA (LUBRISUR): Ceras de Canarias SA (CERCANSA); Asfaltos Espanoles SA (ASESA): Productos Asfalticos SA (PROAS); PROQUIMICA SA; Transportes y Almacenamientos Quimicos SA (TRALQUISA); Oleoductos Canarios SA (OLECASA). Foreign Associated Companies: LlCESA (Argentina); CEPSA STAR (Panama)

Principal Bankers: Banco Central Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders equity 'includes 10 million pesetas

of retained earnings & 3.700 reserves

31 .12.86 Pta 'OOO

271.310,000 12,154.000 12,154.000 3,998.000 3.675,000

85Pta 281 Pta

23.747.000 55.281.000

Principal Shareholders: Central Bank and IPIC No of Employees: 3.719

elBA-GEIGY SA Balmes 117. Aptd 744. Barcelona 08080 Tel: (93) 253 64 00 Telex: 54726 CIGY E; 54668 CIGY E

Chairman: Pedro Cuatrecasas Directors: Hans Filii (Managing Director) Senior Executives: Jose Maria Foncillas (Secretary)

31.12.87 Pta 'OOO

275,443.000 7.810.000 7.810,000

3.700;000' 4.100.000

85Pta 162Pta

24.139,000 60.052,000

PRINCIPAL ACTIVITIES: Dyestuffs and chemical products; pharmaceuticals; agrochemicals; plastic products and additives

181

SPAIN Parent Company: Ciby-Geigy AG. Basle. Switzerland Financial Information:

Sales turnover


COMERCIAL DE POTASAS SA Paseo de Castellana 18, 28046 Madrid Tel: 435 98 80 Telex: 27460 copsa e

President: Antonio Valcarce

Pta 'OOO 27 ,000.000

Directors: Javier Olascoaga Kroeber (Managing Director)

PRINCIPAL ACTIVITIES: Production of chemicals including potassium chlorate and potassium sulphate


Sales turnover

No of Employees: 40

Pta'OOO 12.000.000

COMPANIA DE INDUSTRIAS AGRICOLAS SA See INDUSTRIAS AGRICOLAS. COMPANIA DE. SA

COOPERATIVA FARMACEUTICA ESPANOLA S.COOP COFARES, S. COOP Sta Engracia 31, 28010 Madrid Tel.' (91) 7341900

Chairman: Olegario Diez Navas Directors: Antonio Moyano Pompas Senior Executives: Eduardo Manzano Velazquez (Secretary).

Amadeo Rife Bertran (Treasurer)

PRINCIPAL ACTIVITIES: Trade in pharmaceuticals. chemicals and chemical raw materials for industry

Principal Bankers: Banco Central; Banco Atlantico Financial Information:

Sales turnover


CPC ESPANA SA Via Augusta 59. E-08006 Barcelona Tel: (93) 237 6040 Telex: 52265

Pta'OOO 26.000,000

Board of Directors: Jose Maria Canals Ambros (Chairman and Managing Director). Mariano Regnard de Sierra (Industrial Division). Luis Bartrina Margarit (Consumer Division)

Senior Executives: Ramon Miro (Secretary), C Catini (Finance Manager)

PRINCIPAL ACTIVITIES: Production of flours. starches and concentrates, coffee and related products; chemical ingredients for the food industry


Sales turnover


CROS SA Paseo de Gracia 56, Barcelona 08007 Tel: 215 47 62 Cable: Cros Telex: 54651 CROS-E Telefax: 2160496

Pta'OOO 21.000.000

Supervisory Board: Francisco Godia Sales (Chairman), Emilio Botin-Sanz de Sautola y Lopez (First Vice President), Juan Antonio Andreu Bufill (Second Vice PreSident), Juan Antonio Delgado Garriga (Managing Director). Juan Sarda Dexeus. Bruce Arraper Dawson, Javier de la Rosa Marti, Manuel Guasch Molens. Fouad Khaled Jaffar, Joaquin Chapaprieta

SPAIN Ornstein, Jose M Cata Virgili, Jose M Figueras Bassols, Rafael Alonso Botin, Jose SUlier Martinez, Juan Antonio Samaranch Torello. Secretary: Juan Antonio Bores Montal

Management Board: Juan Antonio Delgado Garriga (Managing Director), Juan Manuel Lopez de Azcona y Fraile, David Perez Blanco, Luis Montolio Roig, Rafael Loste Pano, Federico Rivero Cuervo, Francisco Arazuri Bomis, Juan Baylina Bacardit, Diego Benavides Benitez, Juan Centeno Garcia, Ramon Laborda Marques, Lisardo Perez Valcarce, Francisco Prats Sastre, Fracisco Reina Baro, Jaime Salom Salat, Emilio Tijero Miquel. Management Technical Secretary: Manuel Sola Serra

PRINCIPAL ACTIVITIES: Manufacture of chemicals, fertilisers, agrochemicals and pharmaceuticals

Trade Names: CROS Subsidiary Companies: (Participations over 50%): Industrias

Quimicas da Tarragona SA; La Industrial Quimica de Zaragoza SA; Doctor Andreu SA; Electro Metalurgica del Ebro SA; Transportes, Aduanas y Consignaciones SA; Agrocros SA; Combustibles de Fabero SA; Cia Espanola de Investigation y Fomento Minero SA; Cros Pinturas SA; Inmobiliaria Industrial y Urbana SA; Inmobiliaria Union Industrial SA; Coprisa Poittemill SA; Fosforico Espanol SA; Incro SA; Transportes Mineros SA; Parque San Gabriel SA; Podecros SA. (Participations of under 50%): Compania Espanola de Minas de Tharsis SA; Productos Electroliticos SA; The Tharsis Company Limited

Principal Bankers: Bank of Santander and others Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Share capital Total assets


DOW CHEMICAL IBERICA SA Avda de Burgos 109, 28050 Madrid Tel: (91) 766 14 11-766 12 11 Cable: Dowchem Telex: 27468

31.12.87 Pta'OOO

37,508,204 1,604,186 1,604,186 1,604,186

17,055 76,919,439

Chairman: Jose Javier Nunez Cervera (also General Manager); Vice President: Andrew J Butler

Senior Executives: Alberto Perez (General Sales Manager), Jose Gil de Biedma (Finance), Francisco de Asis Zumarraga Ortiz (Secretary), Jose Garcia-Duarte (Publicity Manager)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemicals including industrial chemicals, pharmaceuticals, agricultural chemicals; plastics

Trade Names: Dow Chemical Iberica SA Parent Company: The Dow Chemical Company Principal Bankers: Vizcaya; Central; Urquijo; Santander; Espanol

de Credito Financial Information:

Sales turnover

Principal Shareholders: Dow Chemical AG No of Employees: 911

DU PONT IBERICA SA Calle Tuset 23, 3, 08006 Barcelona Tel: (03) 200-7311; 209-6033 Telex: 50887; 50883 DUPO E

Chairman: J Kooger Directors: G Lastra (Managing Director)

Pta'OOO 59,400,000

Senior Executives: T R Roberts (Finance), J Mussull (Engineering Plastics), J M Serres (Agrichemicals), A Fernandez (Personnel)

1B2

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products and their derivatives; textile fibres, elastomers, plastic resins and films, photographic products for graphic arts and X-ray applications, agrichemicals, industrial chemicals, electronic materials, analytical instruments, refrigerants and propellants


Principal Bankers: Bank of America; Credit Lyonnais; Banco Hispano Americano; Banco Uizcaya


Sales turnover Share capital Total assets

1987 Pta'OOO

15,507,020 475,000

8,653,994


EMPRESA NACIONAL DE FERTILIZANTES ENFERSA C/Juan Hurtado de Mendoza 4, 28036 Madrid Tel: 571.47.44/571.56.98 Telex: 22199 cofer e Telefax: 259.22.71

Chairman: Antonio Valcarce Directors: Jose Manuel Pardo de Santayana (Director Manager)

PRINCIPAL ACTIVITIES: Manufacture and marketing of fertilisers

Parent Company: Instituto Nacional de Industria Subsidiary Companies: ASUR (50%) Financial Information:

Sales turnover Profit before tax Share capital Shareholders funds

31.12.87 Pta'OOO

21,492,000 315,000

7,825,000 7,825,000

31.12.88 Pta'OOO

26,635,000 382,000

8,725,000 8,725,000

Principal Shareholders: Instituto Nacional de Industria, Madrid No of Employees: 1,500

ENERGIA E INDUSTRIAS ARAGONESAS SA Paseo de Recoletos 27, 28004 Madrid Tel: (91) 419 46 00 Cable: Aragonese Telex: 27457; 42607

Chairman: Jaime Urquijo Chacon; Vice President: Alfonso Urquijo Landecho

Directors: Rafael Conejos, Jose Antonio Casani Senior Executives: Carlos Policastro, Jose Luis Arce (Finance

and Administration), Antonio Calvo (Commercial), Juan Echaniz (Technical), Alvaro Rodriguez Solano (Industrial Relations)

PRINCIPAL ACTIVITIES: Manufacture of chemical products; electric power generation and supply

Trade Names: Aragonesas Parent Company: Desarrollo Quimoco Industrial SA-DEQUISA Principal Bankers: Banco Hispano Americano; Banco Exterior

de Espana; Banco Urquijo-Union; Banker Trust Co; First Interstate


Sales turnover


Pta'OOO 16,700,000

ESPANOLA DEL OXIGENO, SOCIEDAD, SA SE~ Paseo de Recoletos 18-20, 28001 Madrid Tel: (91) 431 0580/0561 Telex: 27272 Alseo E

President: Juan Delorme; Vice President: Antonio Maria Melcher Santaolalla

Directors: Alberto Delbos Bareilles, Jose Ignacio Garcia Larrache (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of compressed gases; wholesale trade in metal and metallurgical products


Sales turnover


ESSO,GRUPO,SA Fortuny 78, 28020 Madrid Tel: (91) 419 52 00

Directors: Jose Alonso (Director General)

Pta'OOO 14,000,000

PRINCIPAL ACTIVITIES: Sale of oils and petrochemicals Parent Company: Exxon Company, USA Financial Information:

Sales turnover

EXXON CHEMICAL IBERIA SA Velazquez 50, 28001 Madrid Tel: (91) 431 06 21

Directors: Antonio Disalvo (Director General)

PRINCIPAL ACTIVITIES: Petrochemicals Parent Company: Esso Group Financial Information:

Sales turnover

No of Employees: 60

FORET SA Corcega 293, 08008 Barcelona Tel: (93) 238 14 44 Cable: Delaforet Telex: 54585 Foret e Telefax: 2371603

Chairman: Enrique Gabarro Directors: Alfredo Bernad (Managing Director)

Pta'OOO 30,000,000

Pta'OOO 12,000,000

PRINCIPAL ACTIVITIES: Manufacture and sale of a broad range of inorganic chemicals to the detergent, paper, textile, leather and other industries. Principal products include phosphates, phosphoric acid , sulphur derivatives, sulphuriC acid, silicates, sodium sulphate and peroxygen chemicals

Parent Company: FMC Corporation, Chicago, USA Subsidiary Companies: Peroxidos Organicos SA (PERORSA)

(50%); SIBELCO Espanola SA (SIBELCO) (50%) Financial Information:

Sales turnover


1986 Pta'OOO

27,580,000

FOSFORICO ESPANOL SA Calle de Villanueva 24, 28001 Madrid 1 Tel: (91) 275 22 00 Telex: 23003 fesam e Telefax: 2754449

1987 Pta'OOO

30,549,000

Chairman: Juan Manuel Lopez de Azcona Fraile; Vice Chairman: Jeronimo Angulo Aramburu

Directors: Salvador Martin Cazorla, Felipe Rodriguez Duran (Technical Director), Jose Maria Struch Esteban (Finance and Administration Director)

PRINCIPAL ACTIVITIES: Manufacture of chemicals and fertilisers

Parent Company: SA Cros (50%); Union Explosives Rio Tinto SA (50%)

183

SPAIN Principal Bankers: Banco de Santander; Banco de Bilbao Financial Information:


24,000,000

Principal Shareholders: SA Cros (50%); Union Explosivos Rio Tinto SA (50%)


GALLINA BLANCA PURINA SA Paseo San Juan 189, 08037 Barcelona Tel: 213.52.00 Cable: Gabrina Telex: 54652 gapur e Fax: 210.65.56

Directors: Luis Plana (Managing Director and Chief Executive Officer)

PRINCIPAL ACTIVITIES: Manufacture of animal feedstuffs, insecticides, veterinary products and pet foods

Parent Company: Ralston Purina Company, SI. Louis, Mo, USA Financial Information:

Sales turnover


GRUPO ESSO SA See ESSO, GRUPO, SA

HENKEL IBERICA, SA C6rcega 480-492, 08025 Barcelona Tel: (93) 207 52 53 Telex: 54526 henke e Telefax: 2587438

1986 Pta'OOO

23,900,000

Chairman: Antonio Monerris Hernandez

1987 Pta'OOO

22,300,000

PRINCIPAL ACTIVITIES: Manufacture of chemicals for a wide range of applications including water treatment chemicals, metal treatment chemicals; adhesives, detergents, cosmetics , food and edible oils

Trade Names: DIXAN, MISTOL, FA, TENN, VERNEL, PERLAN, SIL, SHIM, MICOLOR, WIPP-EXPRESS and many others

Parent Company: Henkel KGaA (100%), Germany Subsidiary Companies: SA Casamitjana Mensa; Plastrom SA;

Pulcra SA; Alex SA; Henkel Eytesa SA Principal Bankers: Banco Espanol de Credito; Hispano

Americano; Central ; Bilbao; Vizcaya; Commercial Transatlantico; Popular; Santander


Sales turnover


HOECHST IBERICA

Pta'OOO 34,000,000

Travesera de Gracia 47-49, Aptd 490, Barcelona 21 Tel: (93) 209 31 11 Cable: Hoechst Telex: 52160 hisa e Telefax: (Grp III/II) (93) 201 13 22

Board of Directors: Dr Gunther Metz (Chairman), K Schmider (Managing Director), Francisco Ripoll Badrinas (Consejero Secretario), Juan Malagelada Terradas, Dietrich Cord , Hans E Hoffmann, Ricardo Pasch Erhardt, Fritz Straub, Michel Zoude

PRINCIPAL ACTIVITIES: Production and distribution of a wide range of products including pharmaceuticals, fibres, paints, plastics and reSins, chemicals , agrochemicals , reprography materials and cosmetics

Trade Names: Hostalen, Mowiol , Mowital , Hostaflon, Primafen, Omnacilina , Frigen, Hostalit, Mowilith , Perlon, Trevira, Dolan and many others

Parent Company: Hoechst AG, Frankfurt A.M., Germany

SPAIN Principal Bankers: Espaliol de Credito; Hispano Americano;

Central; Societe Generale de Banque; Zaragozano Financial Information:


63,000,000


ICI ESPANA SA Gran Via Sur km 2/2, 08908 Hospitalet de Llobregat (Barcelona) Tel: 3356014 Telex: 52184 ICISA Telefax: (3) 336.77.58

Chairman: R S Catmur Directors: A M I Beck, Jordi Angrill Carbonell (Secretary), A

Rubin

PRINCIPAL ACTIVITIES: Import and marketing of organic and inorganic chemicals, plastics, P.U., dyes and pigments and specialty chemicals

Parent Company: ICI pic, UK Subsidiary/Associated Companies: ICI Mevisa; ICI Seguridad

SA; Stahl Iberica SA; ICI Farma SA; ICI Zeltia SA; Tioxide Espalia SA; Nurel SA; Intorsa; Hispavic Industrial SA; SES Iberica SA; Stauffer Iberica SA


Sales turnover

1986 Pta'OOO

19,200,000

Principal Shareholders: ICI pic (100%) No of Employees: 155

1987 Pta'OOO

18,904,289

INDUSTRIAS AGRICOLAS, COMPANIA DE, SA Balmes 103, E-08008 Barcelona Tel: (93) 254 68 00 Telex: 51803

President: Jose Noguer Suliol; Vice President: Enrique Gabarro Samso

Directors: Alfonso Carner Suliol (Managing Director), Luis Coronel de Palma-Marques de Tejada, Antonio Garcia-Nieto Fossas, Ernesto Ventos Ravetllat, Jaime Caro Eguilior, Federico Silva Mulioz, Emilio Botin-Sanz de Santuola y Lopez, Jose Luis Noguer Figuerol, Gaspar Sagrista Freixas, Luis Garcia-Gutierrez Redondo

Senior Executives: Francisco Segura de Luna (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of sugar, alcohol, yeast, animal feedstuffs

Subsidiary/Associated Companies: (100% owned unless stated): Sociedad Azucarera Iberica SA; Compania de Industrias Agricolas del Paraguay SA; Semi lias Seleccionadas de Remolacha SA (30%); METRANSA (10%); Compaliia de Melazas SA (12%); Azucarera del Carpio (33%); Azucarera de San Isidro SA (12%); Debroman SA (20%)


Sales turnover


Pta'OOO 23,900,000

INTERCONTINENTAL QUIMICA SA INTERQUISA Paseo de la Castellana 141, E-28046 Madrid Tel: (91) 279 27 04 Telex: 23517 INQUI E

Chairman: Mario Alvarez-Garcillan Sanchez Directors: Pedro Ortiz Perez de Ayala, Antonio Garcia Espada

Gonzalez

PRINCIPAL ACTIVITIES: Manufacture of petrochemicals

184


Sales turnover


Pta'OOO 13,000,000

PETROLEOS DEL MEDITERRANEO, S.A. PETROMED Fortuny 18, 28010 Madrid Tel: (91) 4101264 Cable: Petromed Telex: 22235 petm e

Chairman: Juan Herrera Fernandez (and Chief Executive Officer)

Directors: Alfonso Osorio Garcia, Pablo Garnica Mansi, Luis Gomez-Acebo, Luis Alvarez Estrada, Luis Sela Figaredo, Cesar de la Mora Armada, Juan Herrera Martinez Campos

Senior Executives: Juan Quijano Gonzalez Camino (General Manager), F Javier Santamaria (Secretary General), Luis Alvarez Lopez (Logistics Manager), Antonio Caro Santa Cruz (Financial Manager), Ernesto Rivera Tomasich (Refinery Manager)

PRINCIPAL ACTIVITIES: Oil refining and manufacturing of petroleum products

SubSidiary Companies: Productos Quimicos del Mediterraneo, S.A. (PROQUIMED); Naviera de Castilla, S.A. ; Transporte de Petroleo, S.A.

Principal Bankers: Banco Espaliol de Credito, S.A. Financial Information:


73,000,000

Principal Shareholders: Banco Espaliol de Credito SA No of Employees: 439

PETRO NOR Petr61eos del Norte SA Avenida De Zugazarte 29, Aptd 1418, Las Arenas Guecho

(Vizcaya) Tel: (94) 463 53 00 Telex: 31931 NORPE E; 32289 NORPE E Telefax: 463 59 66

Chairman: Jose Miguel De La Rica Basagoiti Directors: Santiago Zaldumbide, Ignacio Barrenechea, Santiago

Mayner, Tarsicio Ubis, Luis Larrinaga, Jose Carlos Barrientos, Luis Sancho, Joaquin Rollado

PRINCIPAL ACTIVITIES: Petroleum transport and refining Subsidiary Companies: Bay of Biscay Services Ltd (UK) Principal Bankers: Banco De Bilbao; Banco De Vizcaya; Banco

Espaliol De Credito; Banco Hispano Americano; Banco Urquijo-Union; Banco Herrero; Caja De Ahorros Vizcaina; Caja De Ahorros Municipal De Bilbao; Banco Exterior de Espalia; Banco Central; Banco de Santander



183,000,000

Principal Shareholders: Petroleos Mexicanos (PEMEX) (34.28%); Instituto Nacional De Hidrocarburos (32.86%); Banco De Bilbao; Banco De Vizcaya; Caja De Ahorros Vizcaina; Caja De Ahorros Municipal De Bilbao (32.86%)


PETROQUIMICA ESPANOLA SA PETRESA Calle de Orense 68-6, 28020 Madrid Tel: 91/270 28 05 Cable: Pequisa Telex: 22064 pequi e Telefax: 2798777

Management: Juan Granados (General Director), Jose B Bule (Financial Director), Antonio Lorente (Technical Director)

PRINCIPAL ACTIVITIES: Manufacture of linear alkylbenzene, linear paraffins, heavy alkylate

Trade Names: PETRELAB 550, PETRELAB 500, PETRELAB 400, PETREPAR 120, NC10, NC14, NC13, PETRENE 900M, PENTREPAR 147

Parent Company: CEPSA (Cia Espanola de Petroleos SA) Subsidiary Companies: Petre sa International NV (Belgium) Principal Bankers: Central Bank Financial Information:

Sales turnover

1986 Pta'OOO

16,700,000

1987 Pta'OOO

17,000,000

Principal Shareholders: CEPSA (Cia Espanola de Petroleos SA) No of Employees: 234

PRODUCTOS QUIMICOS DEL MEDITERRANEO SA

PROQUIMED Fortuny 18, 28010 Madrid Tel: (91) 410 3816 Telex: 41921

Chairman: Luis Alvarez de Estrada y Despujol Directors: Narciso Darnaude Rojas Marcos


Pta'OOO Sales turnover 11,400,000


QUIMIDROGA SA Tuset 26, 08006 Barcelona Tel: (93) 217 79 92

Directors: Rafael Punter, Jaime Domenech

PRINCIPAL ACTIVITIES: Import and trade in chemicals, oils and greases



26,000,000


REPSOL BUTANO SA Arcipreste de Hita 10, Madrid 28015 Tel: (91) 449 26 00 Telex: 27358 butan e Telefax: (91) 449 08 81 ; 449 21 08

President: Alejandro Cachan Alvarez Directors: Consejeros: Juan Badosa Pages, Luis Crespo

Rodriguez, Jose Luis Diez Fernandez, Jesus Fernandez de la Vega Sanz, Ramon Gonzalez Raurich, Francisco Perez Cava, Federico Prades Sierra, Miguel Angel Remon Gil, Ceferino Arguello Reguera, Adalberto Perea, Maria Perez Ribes

Senior Executives: Carlos Garcia de Vinuesa (Secretary General)

PRINCIPAL ACTIVITIES: Distribution of butane and propane gas, natural gas

Parent Company: Repsol SA Subsidiary Companies: Gas Burgos (65%); Gas Girona SA

(99.99%); Gas Igualada (95.74%) Principal Bankers: Banesto; Central; Bilbao, Hispano (99.99%) Financial Information:


31.12.86 Pta'OOO

126,239,000 7,286,382

Principal Shareholders: Repsol SA (100%) No of Employees: 3,070

31.12.87 Pta'OOO

116,599,000 11,304,000

185

SPAIN

REPSOL PETROLEO SA (FORMERLY EMPETROL) Jose Abascal 4, 28003 Madrid Tel: 446 52 00; 446 53 00; 446 90 00; 446 60 70 Telex: 27658; 27325; 46029; 49.941 REPET E Telefax: (91) 4467227

Board of Directors: Juan Sancho Rof (Chairman), Javier de la Pena de la Pena (Deputy Chairman), Jose Calvo-Sotelo Grondona, Jesus Fernandez de la Vega Sanz, Paz Garcia Gordillo, Miguel Cruz Amor6s, Eduardo Llorens Breitbarth, Julio Delicado Montero Rios, Nemesio Fernandez-Cuesta y Luca de Tena, Javier Martinez Arevalo, Humberto Rios Rodriguez, Jacinto Vereda Espada

Management Committee: Juan Sancho Rof (Chairman). Javier de la Pen a de la Pena (Deputy Chairman), Juan Antonio Ortega Diaz-Ambrona (Secretary), Jose Turet Claparols (General Manager. Operations), Emilio Sanz Hurtado (General Manager, Economics and Planning), Jose del Pozo Portillo (General Manager, Logistics and Marketing), Fernando Bosch Bosque (General Manager, Petrochemicals), Angel Fernandez Robles (Deputy General Manager, Personnel), Carmelo de las Morenas L6pez (Deputy General Manager, Finance), Eduardo Olier Arenas (Deputy General Manager, Information Systems)

PRINCIPAL ACTIVITIES: Import of crude oil and petrochemical products in general; construction and operation of refineries ; production of petroleum derivatives; marketing of all these products

Trade Names: CS Y REPSOL Parent Company: Repsol SA (I.N.H.) Subsidiary/Associated Companies: (100% owned unless stated):

Carboex (20%); TEXSA SA (28%); COT EX SA; Repsol Distribucion; Repsol Derivados; Repsol Oil IntI. (ROIL) (99.99%); TDESA (49 .34%); Enpetrol Portugal (50%); CAMPSA (41 .07%); ASESA (50%); PROAS (25%); PETRODIS; Repsol Quimica; Poliplastic; CARBESA

Principal Bankers: Banco Central; Banco Exterior de Espana Financial Information:

31 .12.86 31 .12.87 Pta'OOO Pta'OOO

Sales turnover 510,329,000 564,963,000 Profit before tax 5,475.000 24,586.000 Profit after tax 5,251 ,000 23,036.000 Retained profit 5,251 ,000 14,733.000 Dividends 2.259,000 Dividend per share 37.50Pta Earnings per share 87.15Pta 282.50Pta Share capital 30.128,000 30.128.000 Shareholders funds 102.041 ,000 129,444.000

Principal Shareholders: Repsol SA (99.9%); Others (0.1%) No of Employees: 5.528

REPSOL QUIMICA Juan Bravo 3-B, 28006 Madrid Tel: (91) 429 27 44 Telex: 49840; 49841; 23182 Telefax ' (91) 276 80 28: 276 79 35

Management Committee: Javier de la Pena de la Pena (Chairman), Jose Pastor Lopez (General Manager Polymers), Jose Valls Soler (General Manager Intermediate Products), Jose Mendez Cuesta (General Manager Chemical Specialities), Alvaro Mendez Barrera (Secretary General). Jose Ma Caldeiro Gonzalez (Economic and Financial Chairman). Manuel Marquez Sanchez (Planning and Development Director). Jose L Martinez Cordon (Director Assistant to the Chairman), Clemente Rodriguez Navarro (Director of Human Resources)

Senior Executives.' Alvaro Mendez (Secretary)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical and petrochemical products

Parent Company: Repsol Subsidiary Companies: (100% owned): Carbesa; Poliplastic

SPAIN Financial Information:

Sales turnover

Profit before tax

Share capital

Share capital and reserves


REPSOL SA

31.12.86 31.12.87

Pta'ooo Pta'ooo

86,445,000 95,420,000

5,644,000 11,342,000

10,039,000 10,039,000

24,895,000 34,762,000

Paseo de la Castellana 89, 28046 Madrid

Tel: (91) 4565300

Telex: 48162 RESOL E

Telefax: (91) 4557671

Supervisory Board: Oscar Fanjul Martin (Presidente), Guzman Solana G6mez (Vicepresidente), Victor Perez Pita, Fernando Magro Fernandez, Juan Sancho Rof, Santiago Varela Diaz, Jose Alberto Zaragoza Rameau, Fernando G6mez-Aviles Casco. Secretario: Francisco Carballo Cotanda

PRINCIPAL ACTIVITIES: Corporation for subsidiaries engaged in the exploration and production of oil and petrochemicals

Subsidiary Companies: (100% owned unless stated): Repsol Exploraci6n SA; Hispanoil Italia SpA; Hispanoil Algerie; Hispanoil Angola SA; Hispanoil USA Inc; Hispanoil (Norway) A/S; Hispanoil (UK) Ltd; Hispanoil Java Ltd; Hispanoil Sumatra Ltd; Riva Exploration Ltd; Repsol Petroleo SA (99.93%); Repsol Quimica SA (99.93%); Repsol Oil International Ltd (99.93%); Repsol Derivados SA (99.93%); Repsol Distribucion SA (99.93%); Poliplastic SA (99.93%); Carb6n Black Espanola SA (CARBESA) (99.93%); Alcudia, Empresa para la Industria Quimica SA (99.93%); Petroliber Distribuci6n SA (99.93%); Compania Arrendataria del Monopolio de Petroleos SA (CAMPSA) (60.87%); Corporacion Espanola de Hidrocarburos SA (CHC) (60.87%); Campsa Estaciones de Servicio SA (CAMPSARED) (60.87%); Repsol Butano SA; Gas Valladolid SA; Gas Girona SA (99.99%); Gas Igualada SA (95.71%); Gas Palencia SA (90%); Gas Rioja SA (85%); Gas Navarra SA (67%); Gas de Burgos SA (65%)


Sales turnover

Profit after tax Share capital Shareholders funds

31.12.87

Pta'ooo

930,601,000 57,180,000 50,000,000

261,306,000

Principal Shareholders: Instituto Nacional de Hidrocarburos (INH)


RIO ROOANO SA Capitan Haya 1, ptla 11, 28020 Madrid

Tel: (91) 455 42 00

Cable: Riomadrid

Telex: 22419 RIOR E; 44045 RIOR E

Chairman: Jose Luis Martin Tomas

Directors: Ricardo Diaz Tunon, Ricardo Arnas Barbe, Rafael Casajus Sanguesa

Senior Executives: Miguel Arnas (Finance), Jose Antonio Pino (Secretary)


Parent Company: Rh6ne-Poulenc Financial Information:

Sales turnover


Pta'ooo

22,000,000

186

RIO TINTO, UNION EXPLOSIVES, SA ERT Paseo de la Castellana 20, Aptd 66, Madrid Tel: 431.30.40

Telex: 22638; 27691 ERT E Telefax: 4313990

Board of Directors: Jose Maria de Escondrillas (Chairman). Directors: Victor Castro Sanmartin, Viscount Etienne Davignon, Arturo Gil Perez-Andujar, Dr Kurt Lanz, Juan Miro Chavarria, Jose Maria Naharro Mora (Secretary), Carlos Sundheim Diaz-Trechuelo, Antonio de Torres Espinosa (Vice Chairman), Javier Garcia Egocheaga. Executive Directors: Jeronimo Angulo Aramburu, Mariano Campos Salcedo, Carlos Filippini Martinez (Vice Chairman), Rafael de Juan L6pez, Fernando Labad Sasiain, Eugenio Muniz Hevia, Manuel Elias Olarte Parada, Jose Ignacio Orbegozo Landaluce, Ulbaldo Usanariz Balanzategui

Corporate Management: Jose Ma de Escondrillas (Chairman and Chief Executive), Jeronimo Angulo Aramburu (Chairman of the Agrochemicals Divison), Jose Arlandis Rubio (Corporate Manager for Control and Planning), Ladislao Azcona (Assistant to the Chairman), Jose Ma Barrau Compte (ERT Territorial Representative in the North Eastern Zone), Mariano Campos Salcedo (Chairman of the Petroleum and Petrochemicals Division), Carlos Filippini Martinez (Corporate General Manager Assistant to the Chairman), Jose Gibaja Nunez (Group of Companies and Auditing Manager), Juan Antonio Icazuriaga Mingolarra (ASSistant to the Chairman), Miguel de la Iglesia Hornillos (Assistant to the Chairman), Rafael de Juan Lopez (Corporate General Manager of Legal Affairs), Fernando Labad Sasiain (Corporate General Manger of Administration and Finance), Angel Lasuncion Goni (Corporate Manager of the Chairman's Department), Lorenzo Madridejos Sarasola (Corporate Manager of Commercial Coordination), Eugenio Muniz Hevia (Chairman of the Explosives Division), Juan Jose Nava Cano (Chairman of the Polymer and Plastics Manufacturing Division), Carlos Ocio Alday (Assistant to the Chairman), Manuel Elias Olarte Parada (Corporate General Manager of Personnel and Social Affairs), Jose I Orbegozo Landaluce (Corporate General Manager of Corporate Planning and Development), Javier Pera Madrazo (Manager of the Corporate Legal Advisory Department), Juan Jose Regidor Arribas (Corporate Manager for Technology), Francisco de la Riva Garriga (Corporate Manager for Relations with the EEC), Juan A Salaberri Asumendi (Chairman of the Pharmaceuticals Division), Ubaldo Usunariz Balanzategui (Corporate General Manager of Administration), Jose Vinaixa Dominguez (Corporate Manager of Finance)

Area Managers: Manuel Arbona Casp (Valencia), Salvador Martin Cazorla (South West Region), Jose Constantino Menendez Rodriguez (Huelva), Luis Claudio Sanchez Cabal (Bilbao)

PRINCIPAL ACTIVITIES: Manufacture of explosives, fertilisers; inorganic and organic chemicals; mining; non-ferrous metals; plastics and petroleum derivatives; pharmaceuticals; property interests

Subsidiary/Associated Companies: (100% owned unless stated): Agrochemical Division:- Tracenes SA; Maritima de Fertilizantes SA (FERTIMAR) (87.5%); Auxiliar de Transportes Maritimos SA (AUXTRAMARSA) (75%); Liquid Carbonic SA (25%); Nitratos de Asturias SA (NITRASTUR) (65%); Tratico de Mercancias SA (TRAMER) (54%); Fosforico Espanol SA (FESA) (50%); Abonos Complejos del Sureste SA (ASUR) (50%); Commercial de Potasas SA (COPOSA) (50%); Nitratos de Castilla SA (NICAS) (44.27%). Explosives Division:- Danex Overseas Ltd (UK); Prado Alameda SA; Rio Blast SA (96.5%); Talleres Biabi SA (55%); EDB SA; Explosivos Alaveses SA (EXPAL); Explosivos da Trafaria SARL (24.08%) (Portugal); Industrias Quimicas Altos Explosivos de Seguridad SAIC (IQAES) (42%) (Argentina); Esperanza y Compania SA (ECIA) (40%); SITECSA; PARDO (80%); Cia Espanola de Programas SA (60%); Union Peruana de Explosivos SA (UPEX) (52.93%)

(Peru). Forjas Extruidas SA (FOREXSA) (25%); Metalurgica de Extrusiones SA (MEXSA) (25.01%). Pharmaceuticals Division:Farmiberia SA (99.9%); Cia Espanola de la Penicilina y Antibioticos SA (CEPA) (99.9%); Instituto de Farmacologia Espanola SA (IFE) (99.9%). Petroleum and Petrochemicals Division:- Ertisa SA; Productos Bituminosos SA (PROBISA) (30.23%). POlymer and Plastics Manufacturing Division:Distribuidora de Productos Plasticos SA (DISTIPLAS). ERT Group Services Division:- Ciudad 2,000 SA; Servicios Inmobiliarios y Turisticos SA (SERITUR); Urbanizadora da Praia do Sol SA (URPRASOL) (Portugal); ERT Consultores SA; Inmunologia y Genetica Aplicada SA (92.71%); Canarias Explosivos SA (CESA) (89.11 %); Comercial Ouimica Canaria SA (COOUICSA) (75%); Espanola de Investigacion y Desarrollo SA (ESPINDESA) (50%); Soquimes SA (50%); Nueva Umbria SA (NUSA) (71.91 %). Other Industrial Affairs:Cia Auxiliar de Voladuras SA (CAVOSA) (90%); Promotora Minas de Carbon SA (66.6%); Rio Tinto Minera SA RTM (49%); Caolines de Vimianzo SA (CAVISA) (49%); Estudios y Proyectos Mineros SA (45%)


Sales turnover Profit after tax Share capital Shareholders equity


SANDOZ SAE

31.12.86 Pta'OOO

180,000,000 2,926,306

17,961,000 54,197,000

Gran Via Corts Catalanes 764, 08013 Barcelona Tel: (93) 245 17 00 Cable: Sandoz Telex: 54641

Chairman: Jacques Vaccaou

31.12.87 Pta'OOO

168,061,000 20,240,000 20,587,000 52,852,000

PRINCIPAL ACTIVITIES: Inorganic compounds, special purpose chemicals, fertilisers, medicaments, pharmaceuticals, insecticides, colourings, washing compounds

Parent Company: Sandoz SA, Basle, Switzerland Subsidiary Companies: SA Cardoner Principal Bankers: Banco Hispano Americano; Banco Exterior

de Espanna; Banco Santander; Banco Central; Banco Bilbao; Banco Intercontinental Espanol


Sales turnover


SEFANITRO SA

Pta'OOO 14,000,000

Sociedad Espanola de Fabricaciones Nitrogenadas SA Luchana-Baracaldo, Aptd616, 48080 Bilbao Tel: (94) 490 41 00 Cable: Sefanitro-Bilbao Telex: 31095 sef

Board of Directors: Alvaro Garcia-Navarro y Aparicio (Presidente), Jose O'Shea Sebastian (Vice Presidente), Pedro de Uribarrena (Consejero Delegado), Alfonso Alcala-Galiano Ferrer, Angel Azpiazu Ugalde, Carlos Castellanos Borrego, Jose M de Chavarri y Poveda, Jose Luis de Goyoaga Uriarte, Jose M de la Iglesia Martinez, Francisco Javier Perez-Agote Poveda, Patricio Ortiz Ortiz. Secretario Consejo Administracion: Enrique Ruiz de Villa Gutierrez

Senior Executives: Pedro de Uribarrena y Barrecheguren

PRINCIPAL ACTIVITIES: Manufacture of industrial chemicals including nitrogenous fertilisers

Trade Names: SEFANITRO Parent Company: Altos Homos de Vizcaya SA Subsidiary Companies: Metalquimica del Nervion; Rontealde SA

187

SPAIN Principal Bankers: Banco Bilbao; Banco Guipuzcoano;

Bankinter; Banco Hispano Americano Financial Information:

Sales turnover Profit before tax Profit after tax Dividends Dividends per share Share capital Shareholders funds

31.12.86 Pta'OOO

6,484,177 209,585 209,585 88,691

61.74Pta 790,120

6,434,710

Principal Shareholders: Altos Hornos de Vizcaya, SA No of Employees: 369

SHELL, SOCIEDAD PETROLIFERA ESPANOLA,SA Barquillo 17, 28004 Madrid Tel: (91) 521.47.41 Telex: 27734; 22735 Telefax: 521 2940

Chairman: Jose Maria Fernandez-Cid de Temes

31.12.87 Pta'OOO

5,689,052 102,291 102,291 98,232

60.00Pta 869,132

5,879,313

Directors: D Young (Finance), P Bellon (Marketing), A Alvarez Valdes (Chemicals)

PRINCIPAL ACTIVITIES: Marketing oil and chemicals Trade Names: SHELL Parent Companies: Royal Dutch Petroleum Company (60%);

The Shell Transport and Trading Company p.l.c. (40%) Subsidiary Companies: lOA; DERFESA; SENASA; MASKOR Principal Bankers: B. Santander, Central, Vizcaya, Banesto Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit Dividend Dividend per share Earnings per share(1) Share capital Shareholders funds(2) (1) after tax (2) after profit distribution

31 .12.86 Pta'OOO

30,292,254 2,302,657 1,245,289

645,289 600,000

200.000Pta 415.096Pta

1,500,000 11 ,879,726

31.12.87 Pta'OOO

38,612,444 3,232,185 2,216,996 1,616,996

600,000 200.000Pta 738.998Pta

1,500,000 13,096,723

Principal Shareholders: Shell Petroleum NV, Netherlands (70%); BV Petroleum Assurantie Maat., Netherlands (30%)


SOCIEDAD ESPANOLA DE CARBUROS METALICOS SA Consejo de Ciento 365, 08009 Barcelona Tel: 317.00.16 Telex: 54710 Telefax: 301.42.93

Chairman: Ramiro Cervera Perez; Chief Executive: Juan Grau Almirall

Directors: Manuel Gari de Arana, Emilio Botin-Sanz de Sautuola y Lopez, Alberto Folch-Rusinol, Luis Blazquez Torres, Perfecto Castro-Rial Canosa, Rafael Perez Escolar, Antonio Cuart Ripoll, Fernando Pereira Soler, Pedro Mercader Pique, Air Products Europe Inc, Tomas de la Presa Fernandez , Miguel Gari de Arana, Carlos Perez de Bricio Olariaga, Antonio Basagoiti Garcia-Tunon

Senior Executives: Juan Pascual Mercader (General Manager), Jose Luis Sirvent Tomas (Manager, Gas Divison), Victor Gallego Carrascal (Manager, Ferro-Alloys Division), Luis Fdez-Goula Pfaff (Finance Manager), Angel Asin Lahoz (Accounting Manager), Leopoldo Bremon Perez (Manager, Welding Division), Antonio Perez-Portabella Camps (Secretarial Manager), Ramon Luengo Anon (Manager

SPAIN Medical Division), Pablo Rivera Villamanan (Manager Carbonic Division), Karel Schroder Quijano (Vice General Manager)

PRINCIPAL ACTIVITIES: Production and sale of industrial gas and ferro-alloys

Trade Names: Carburos Metalicos; OXIFAR Subsidiary Companies: Plasticos del Cinca SA; Oxigeno de

Levante SA; Oxigeno y Acetileno Industrial SA; Sdad. Castellana Oxigeno SA; Gases Medicinales e Indls SA; Arlasa SA; Carburos Messer Griesheim Gases Indls SA; Sdad General Oxigeno SA; Explotacion Rocas Indls y Minerales SA; Carburo Cinca SA; Cia Espanola Industrias Electroquimicas SA; Coromina Indl SA; Autogena Martinez Inds Soladura SA; Hidro Nitro SA; Duffour et Igon SA; Gases Industriales SARL; Hispano Sueco de Soldadura SA; Andaluza de Gases SA; Coromina Agefko-Tikko SA; Societa Produzione Ossigeno Roma SpA; Proda SRL; Caracciolossigeno Sud SRL

Principal Bankers: Banco Central; Banco Hispano Americano; Banco Espanol de Credito; Banco de Santander

Financial Information: 31.12.86 31.12.87 Pta 'OOO Pta'OOO

Sales turnover 17,714,269 20,475,717 Profit before tax 1,023,586 1,265,661 Profit after tax 1,011,586 1,250,661 Retained profit 463,024 452,952 Dividends 548,562 797,709 Dividends per share 80Pta 100Pta Earnings per share 147.5Pta 142.3Pta Share capital 3,591,776 8,894,077 Shareholders funds 9,328,164 21,257,583


SOCIEDAD ESPANOLA DEL OXIGENO SA See ESPANOLA DEL OXIGENO, SOCIEDAD, SA

SOCIEDAD PETROLIFERA ESPANOLA SHELL SA See SHELL, SOCIEDAD PETROLIFERA ESPANOLA, SA

SOLVAY & CIE SA Mallorca 269, 08008 Barcelona Tel: (93) 215 32 58 Cable: Solvay Telex: 54665

Directors: Michel Bister Senior Executives: Joaquin Crespo (Commercial Director),

Hubert Cochin (Finance and Administration Director), Jacques van Bost (Secretary)



Sales turnover


TARRAGONA QUIMICA SA TAQSA Apartado 18, 43080 Tarragona Tel: (977) 39 07 11

Chairman: J L Martinez Castro Senior Executives: K Pechtold, F Castells

Pta'OOO 27,000,000

PRINCIPAL ACTIVITIES: Manufacture of chemicals and plastics Financial Information:

Sales


Pta'OOO 21 ,500,000

188

TIOXIDE ESPANA SA Avenida del Brasil 5, 28020 Madrid Tel: (91) 455 44 54 Telex: 42684 tiom e Telefax: (91) 455-90-10

PRINCIPAL ACTIVITIES: Manufacture of titanium dioxide pigments

Parent Company: Tioxide Group PLC, UK

Principal Shareholders: Tioxide Group PLC (100%) No of Employees: 475

TORRAS HOSTENCH, SA Gran Via Corts Catalanes 678, Barcelona 8010 Tel: (93) 318 31 00 Telex: 52558 THSA Telefax: (93) 317-1836

Board of Directors: President: Sheik Fahad Mohammed AISabah. Vice Presidents: Fouad Khaled Jaffar, Bruce Amager Dawson, Francisco Javier de la Rosa Marti. Chief Executive: Jorge Nunez y Lasso de la Vega. Directors: Khaled AI-Sabah , Muneer AI-Sabah, Trevor D Ball, Narciso de Mir Faura, Alfonso Ferrari Herrero, Manuel Guasch Molins, Pedro Misol Herrador, Richard Robinson, Jose Pedro Perez-Llorca Rodrigo, Jose Ma Sot Casas. Secretary: Juan Pique Vidal

Management: Jorge Nunez y Lasso de la Vega (Chief Executive)

Senior Executives: Miguel Soler (Chief Financial Officer)

PRINCIPAL ACTIVITIES: Pulp, printing and writing, cardboard, self-adhesives, paper conversions, industrial stationery; school and office stationery; chemicals, food processing , services, distribution

Trade Names: Torras Hostench, SA, Enri, Luchador, Folk, Adestor, Sils-Foc, Sils-Interfoc, Sils-Intemper, Sils-Mobel

Subsidiary Companies: Papelera del Mediterraneo SA; Carton y Papel Recuperado SA; SA CROS; EBRO-Compania de Azucares y Alcoholes SA; Beta Capital; ERPO; Amaya, Compania de Seguros y Reaseguros; Cellulose des Ardennes


Sales turnover' Profit before tax Earnings for year Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders equity 'paper only

31.12.86 Pta 'OOO

30,439,000 9,544,000 6,943,000

15,997,000 2,348,622

960Pta 3,903Pta

. 2,445,000 18,442,000

Principal Shareholders: Kuwait Investment Office No of Employees: 3,282 (paper only) 90,1010

UNION EXPLOSIVES RIO TINTO SA See RIO TINTO, UNION EXPLOSIVES, SA

31.12.87 Pta '000

46,530,000 14,161 ,000 15,086,000 62,459,000

5,197,000 950Pta

3,210Pta 7,336,000

69,795,000

Major Companies of SWEDEN

189

ADAAB Importg 16-18 Hisings Backa, Box 49, 401 200 Goteborg

Tel: 031/584300

Cable: Drogvall

Telex: 2255 adag bg s

Senior Executives: A Nohrlander

PRINCIPAL ACTIVITIES: Trade in chemicals

Parent Company: Apoteksbolaget AB


Sales

Profit before tax*

Profit after tax

*and appropriations


AGA GROUP S-18181 Lidingo

Tel: 08/731 10 00

Cable: agafaros

Telex: 17780 AGALID S

Telefax: 08/767 63 44

31.12.86

SKr'OOO

4,262,000

33,700

1,900

31.12.87

SKr'OOO

4,741,700

22,500

3,200

Board of Directors: Sven Agrup (Chairman), Marcus Storch (President), Kjell Brandstrom, Krister Wickman, Hans-Eric Ovin, Tom Hedelius, Hakan Frisinger, Bjorn Svedberg, Kent Karlsson, Torsten Svensson

Management: Marcus Storch (President), Anders Rydin (Vice President Administration and Control), Jan Belfrage (Vice President Finance), Jens Wickberg (Vice President Marketing, Technique, R&D), Arvid Gierow (President Frigoscandia), Anders Rungard (Regional Manager, Gas Operations), K Werner (Regional Manager, Gas Operations), Niels Sundvik (Regional Manager Gas Operations), Lars Salomon (Regional Manager Gas Operations), Bertil Kusoffsky (Regional Manager, Gas Operations), Ake Nyborg (Regional Manager Gas Operations), Karl Lindblad (Chairman Energy Operations)

Senior Executives: Sten Lindholm (Communications), Urban Murray (Legal and Company Secretary)

PRINCIPAL ACTIVITIES: Production and marketing of industrial and medical gases, processes based on gases, equipment and consumables for welding and cutting, equipment for storing and transporting gases, equipment for food freezing. Storing and transporting chilled and frozen food. Production and distribution of electric power

Trade Names: AGA, Frigoscandia, Uddeholm Kraft

Parent Company: AGA AB

Major Subsidiary Companies: Sweden: Frigoscandia AB; Frigoscandia Contracting AB; Uddeholm Kraft AB. Finland: Oy AGA Ab. West Germany: AGA Gas GmbH; Frigoscandia GmbH; Kohlensaure-Werke CG Rommenholler GmbH. Netherlands: AGA Gas BV; RommenhOller; Koolzuur BV. Denmark: AGA A/S. Norway: AGA Norgas A/S. Austria: AGAWerke Wien GmbH. Switzerland: AGA AG. France: AGA France SA; Duffour et Igon SA. Spain: Iberica AGA SA. UK: Frigoscandia Ltd. USA: AGA Gas Inc; Frigoscandia Contracting Inc; Stein Inc. Gas companies in Mexico, Venezuela, Argentina, Chile, Colombia, Ecuador, Peru, Uruguay and Brazil. Associated Companies: Netherlands: V.O.F Cryoton. Austria: Technische Gase GmbH; Wiener KOhlhaus-Frigoscandia GesmbH. France: Cie des Entrep6ts et Gares Frigorifiques SA. Brazil: Aeroton Gases Industriais Ltda

Principal Bankers: Svenska Handelsbanken; Skandinaviska Enskilda Banken

191

SWEDEN Financial Information:

31.12.86 31.12.87

SKr'OOO SKr'OOO

Sales turnover 9,314,000 10,591,000 Profit before tax 503,000 650,000 Profit after tax 283,000 446,000

Retained profit(l) 1,387,000 1,696,000 Dividends 213,000 248,000 Dividends per share 4.50SKr 5.25SKr Earnings per share(2) 10.80SKr 13.60SKr Share capital 1,181,000 1,182,000 Shareholders funds 4,461,000 3,697,000 (1) including profit after tax

(2) after full tax and full conversion

Principal Shareholders: Industrivarden AB; The National Pension Fund; Svenska Handelsbanken Pension Fund


ALFORT & CRONHOLM (A B) Box 45006, 10430 Stockholm

Tel: 08/7282000 Cable: AIIort Telex: 10830 alcro 5

Board of Directors: Sven Gerentz (Chairman) Management: Mikael AIIort (Managing Director)

PRINCIPAL ACTIVITIES: Manufacture of paints, laquers, varnishes and enamels; wholesale chemicals, wallpapers and other paint retailers' goods

Trade Names: Servalac, Bell, I-tak, Milltex, Stugfarg

Parent Company: A C Intressenter AB Subsidiary Companies: Klintens; Wingqvist; Nitor; AC Industri

Kemi; Lindansaren; Deckel Lack Principal Bankers: Skandinaviska Enskilda Financial Information:

Sales turnover

SKr'OOO 270,000

Principal Shareholders: The AIIort Family; The Bjaringer Family; John Rapp


AROSBYGDENS LANTMAN FORENING UPA Box 888, 721 23 Vasteras Tel: 021/15 56 00 Cable: Arosbygden

Board of Directors: S-B Eriksson, L Jonsson, N Rudolphson, H Elander, L Hellstrom, S Lindstrom, H Ostlund, H Savneby, H Fagelsbo, L Persson, L Thorstensson

Management: L Thorstensson

PRINCIPAL ACTIVITIES: Interests in utilities, petrol and grain Trade Names: Lantmannen Subsidiary Companies: Lantmannens Maskincentral Principal Bankers: PK-Banken; Foreningsbanken



Profit after tax Dividends


AXEL JOHNSON AB SeeJOHNSON,AXEL,AB

31.12.86 SKr'OOO 880,908

6,386 2,103

27,900

31.12.87 SKr'OOO 772,439

5,750

2,326 24,650

SWEDEN BAHCO, INVESTMENT AB, Stureg 38, 114 36 Stockholm

Tel: 08/677 04 55

Cable: Bahco Telex: 17684 bahco s Te/efax: 661 56 44

Board of Directors: Per Lindberg (Chairman), Jan Wallander (Vice Chairman, Kjell Brandstrom, Tore Daun, Carl-Erik Feinsilber, Sten Johansson, Olof Khylberg, Borje Rudewald, Arne Sjoqvist. Deputy Board Members: Anders Unger, Per Eriksson

Executive Management: Carl-Erik Feinsilber (President), Bertil Bredinger (Executive Vice President), Anders Unger (Executive Vice President), Carl-Olof By (Senior Vice President and Corporate Controller), Dag Tigerschiold (Senior Vice President and Corporate Treasurer)

PRINCIPAL ACTIVITIES: From August 1987, holding company with interests in adhesive materials; electricity channelisation and cable clamping systems, circuit boxes; pneumatics; industrial hydraulics; hand tools; hydraulic cylinders and valves; hydraulic manoeuvring vehicles; transfer pumps; automatic gates and doors; windows; heating, water, sanitation; hoists for construction sites, service elevators; masts for communication and lighting, ladders; office and indsutrial staplers

Subsidiary Companies: (100% unless stated): From August 1987: Nordinvest AB; Floras Kulle AB; Overkam AB; AfS Kranutleie (Norway); Scandia Leasing Corp (USA); Besam AB (82%); Besam Svensk Forsaljning AB; Besam ApS (Denmark); Besam OY (Finland); Besam GmbH (Germany); Besam Maschienenhandelsgesellschaft mbH (Austria); Besam Ltd (UK); Besam Nederland BV (Netherlands); Besam SA (France); Besam AG (Switzerland); Besam Inc (USA); Besam pte Ltd (Singapore); Besam SpA (Italy); Besam SDN BHD (Malaysia); Alimak AB; Alimak SA (France); Alimak GmbH (Germany); Alimak Ltd (UK); Alimak Inc (USA); Elit-Snickerier AB; Isaberg AB; Thermopanel i Helsingborg AB; AB Markaryds Metallarmatur; Thermopanel Heizung GmbH (Germany); Thermopanel Ltd (UK); LVI-Produkter AB; Macon Control Corp (USA); AB Wibe; OY WIBE AB (Finland); WIBE GmbH (Germany); WIBE A/S (Norway); WIBE Ltd (UK); Wi be Variator AB; Hebo-Verken AB; Promex AB; Nordic Reinsurance SA; AB Bahco Verktyg; AB Bahco Kraftverktyg; A/S Bahco Verkt0j (Denmark); F E Lindstrom AB; Oy Bahco Tyokalut AB (Finland); Bahco Forge et Outillage SA (France); Belzer-Dowidat GmbH (Germany); Bahco Sudamericana SACI (Argentina); AB Mecman; Gillberg Hydraulik AB; Mecman GesmbH (Austria); Mecman Ltd (UK); Mecman A/S (Norway); Mecman Benelux BV (Netherlands); A/S Mecman (Denmark); Mecman SA (France); Oy Mecman AB (Finland); Mecman AG (Switzerland); Mecman GmbH (Germany); Mecman SpA (Italy); Bahco Hydrauto AB; Kracht Pumpen- und Motorenfabrik GmbH & Co KG (Germany); Kracht-hydrauliek BV (Netherlands); Thorsman & Co AB (51%); Widell Metallprodukter AB; Thorsman & Co A/S (Denmark); Thorsman & Co (UK) Ltd (UK); Oy Thorsman & Co AB (Finland); Thorsman Ireland Ltd (Eire); Productos Thorsman SA de CV (Mexico); Thorsman & Co A/S (Denmark); Thorsman AG (Switzerland); Thorsman & Co GmbH (Germany); Walker-Mainstay Ltd (UK)

Principal Bankers: Handelsbanken


Sales turnover

Profit before tax

Profit after tax Dividends per share Earnings per share

Share capital Shareholders equity

31.12.86 31.12.87 SKr'OOO SKr'OOO

3,937,200 3,300,500 312,200 367,200

250,000 290,200 4.67SKr 5.60SKr

15.60SKr 18.30SKr

176,600 264,900

869,000 1,064,100

192

Principal Shareholders: Industrivarden (14.1 %); The National Swedish Pension Insurance Fund (9.1%); Trygg-Hansa (7.4%); Skandia (6.9%)


BASF SVENSKA AB Kungsportsavenyen 31-35, Box 53008, S-400 14 Goteborg Tel: 031-639800 Cable: Basimport Telex: 2327 basf s Telefax: 031-187681

Board of Directors: Alf Akerman (Chairman) Management: Jan Hillstrom (Managing Director)

PRINCIPAL ACTIVITIES: Swedish subsidiary sales company of the German Corporation BASF. Basic chemicals, fertilizers, plastiCS, dispersions, fibre intermediate dyestuff, EDPProducts, audio-video products

Parent Company: BASF Aktiengesellschaft

BAYER SVERIGE AB Box 5237, 40224 Goteborg Tel: 031/830580 Cable: Bayerkemi Telex: 21154 bayerg s Telefax: 31-408829

Board of Directors: Jon Mannheimer (Chairman) Management: Lennart Aberg

PRINCIPAL ACTIVITIES: Import and distribution of products manufactured by Bayer AG Leverkusen, including rubber, chemicals, plastics, man made fibres, pharmaceuticals and agricultural chemicals

Trade Names: Dralon, Makrolon, Aspirin, Bayleton, Baypren, Adalat

Parent Company: Bayer AG, Leverkusen, Germany Subsidiary Companies: Gullviks Fabriks AB Principal Bankers: Gotabanken; SE-Banken Financial Information:

Sales turnover SKr'OOO

1,140,000

Principal Shareholders: Bayer Foreign Investments Ltd, Toronto No of Employees: 238

BERGMAN & BEVING AB Karlav 76, Box 10024, 100 55 Stockholm Tel: 08/24 60 40 Cable: Beving Telex: 13430 beving s Telefax: 08/62 91 21

Board of Directors: Carl T Save (Chairman), Holger Bohlin, Tom Hedelius, Johan Schr0der, Eskil Florvall, Par Stenberg, Torsten Fardell, Stig Svensson, Lisa Halme

Management: Par Stenberg (President), Torsten Fardell, Anders Borjesson, Lennart Hagstrom, Rune Bohl, Sten Sedin

PRINCIPAL ACTIVITIES: High technology products for industry:data products, electronics, energy, medical technology, chemistry, biochemistry, dental supplies and precious metal products for dentistry

Subsidiary Companies: Aratron AB; Bergman & Beving Development AB; Bergman & Beving Energi AB; Bergman & Beving Lab AB; Beving Elektronik AB; Bexab AB; Bexab Electronics AB; Bexab Technology AB; Bexab Systems AB; Columbia Elektronik AB; AB Forssbergs Dental; Instrument AB Lambda; Gustav Lundin Pappersindustri AB; HeathComm AB; Hydraul AB Tubex; Keltech Komponent AB; AB KemilaPreparat; AB Kaltoplast; Lagercrantz Communication AB; Lagercrantz Elektronik AB; Lagercrantz Kontest AB; Maskin AB Tube; AB Nordiska Affineriet ANA; AB Nordiska Affineriet Development; Nordiska Dental AB; Scania Dental AB; AB Special papper; Special papper Development AB; Tomas Tesch AB; Teleinstrument AB; Bergman & Beving Process AB;

Desimeter AB; Abramatik AB; Vactek AB; Kaliber AB; Lavold AB; A/S Kjell Bakke (Norway); Bergman Instrumentering A/S (Norway); Bergman Technology A/S (Norway); A/S Spesialpapir (Norway); Lagercrantz A/S (Norway); Betech A/S (Denmark); BL T Datacom A/S (Denmark); BL T Periferi A/S (Denmark); Delco A/S (Denmark); A/S Specialpapir (Denmark); Elmatok A/S (Denmark); Ditz Schweitzer A/S (Denmark); BL T Periferi A/S (Denmark); Oy Emmett AB (Finland); EV Johanssen Elektronik A/S (Denmark); Instrutek A/S (Denmark); Komdel Oy (Finland); Nordiska Dental GmbH (Germany); Teleinstrument A/S (Norway)

Principal Bankers: Svenska Handelsbanken; Gotabanken Financial Information:

31.3.87 31.3.88 SKr'OOO SKr'OOO

Sales turnover 1,484,000 1,576,000 Profit before tax 119,000 137,000 Profit after tax 40,000 56,000 Retained profit 38,000 38,000 Dividend 17,000 19,000 Dividend per share 2.25SKr 2.50SKr Earnings per share 7.81 SKr 8.70SKr Share capital 75,956 76,356 Shareholders funds 192,000 231,000

Principal Shareholders: P Stenberg (11.8%); C T Save and family (9.8%); SPP (6.3%); Forvaltnings AB Delus (5.5%); Svenska Handelsbankens Pensionsstiftelse (5.1%)


CALOR-CELSIUS AB Bryggvagen 16-18, 117 B4 Stockholm Tel: 08/775 31 00 Cable: Calcel, Sth Telex: 19515 cc sthlm s Telefax: 08/744 41 43

Management: Bertil H Sjoholm (President) Senior Executives: Jan I Andersson, Bjorn Persson, Hakan

Ostlund, Willy Pedersen, Egon Ading, Borje Jansson

PRINCIPAL ACTIVITIES: Mechanical engineering and contracting, specialising in equipment and piping installations in energy and high technology process plants as well as HVAC installations in hospitals, hotels etc

Trade Names: Calor Industri AB, Calor VVS AB Parent Company: Celsius Industrier AB (Celsius Industries

Corporation) Subsidiary Companies: Swedish Companies: Lindens

Rorlednings AB; SIBIS AB; Vanadis Entreprenad AB; Industriplastarna i Karlstad AB; AB Centralsug; Celsius Vent AB; Trehab AB; Fastighets AB Elektra. International Companies: Ludvigsen & Hermann A/S (Denmark); Oy Kalmeri (Finland); Centralsug GmbH (Germany); Celsius Contractors Inc (USA); Avac Systems Inc (USA)

Principal Bankers: Svenska Handelsbanken; PK banken Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit Share capital Shareholders funds


CASCO NOBEL AB Box 11550, S-100 61 Stockholm Tel: 08/743 40 00 Cable: Cascobolag Stockholm Telex: 10154 Casco s Telefax: 08/436370

31.12.86 SKr'OOO

2,302,000 23,000 11,000

101,000 50,000

201,000

31.12.87 SKr'OOO

2,705,000 (33,100) (31,000) 72,000 50,000

143,000

193

SWEDEN Board of Directors: Anders G Carlberg (Chairman)

Management: Ove Mattsson (Managing Director)

Senior Executives: Jan Andersson, Ulf Liljestrand, Lars-Erik Thomsgard

PRINCIPAL ACTIVITIES: Manufacture of resins for the plywood, board, particle board, and mineral wool industries; impregnated paper; formaldehyde, adhesives for woodworking industries; Do-It-Yourself and consumer adhesives, sealers, paints, lacquers, levelling compounds, expandable microspheres, composite materials, furniture foils

Trade Names: Casco, Cascorit, Synteko, Swedorit, Cuprinol, Swedotec, Swedofoil, Swedobond, Swedoedge, Expancel, Compolet, Kenosize, Kenomic, Kenores etc

Parent Company: Nobel Industries Sweden AB

Subsidiary Companies: Casco-Nordsjo A/S; Casco GmbH; Casco Nobel SA; Casco Nobel A/S; Oy Sadolin Ab; Casco Nobel France SA; Casco Nobel (SEA) Pte Ltd; Casco Nobel BV; Casco Nobel sri; Casco Nobel Inc

Principal Bankers: Skandinaviska Enskilda Banken


Sales turnover'

Share capital

'including Nordsjo AB


CEMENTA AB Box 144. S-182 12 Danderyd

Tel: 08/753 01 60

Telex: 13605 Cementa S

Telefax: 08/753 21 29

1986

SKr'OOO

3,054,000

16,000

Board of Directors: S Borelius (Chairman)

Management: U Linderoth (Managing Director)

1987

SKr'OOO

4,155,000

16,000

PRINCIPAL ACTIVITIES: Manufacture of cement and lime and mineral products and products for the building industry

Parent Company: Industri AB Euroc (95%)

Principal Bankers: Skandinaviska Enskilda


Sales turnover

Earnings'

'after depreciation and interest

1986

SKr'OOO

2,228,000

220,000

Principal Shareholders: Industri AB Euroc


CUSTOS (AB) Norrlandsgaten 16, Box 1738, 111 87 Stockholm

Tel: 08/24 47 35

Telex: 10412 custos

Telefax: 08-119074

Board of Directors: B Haak (Chairman)

1987

SKr'OOO

1,500,000

295,000

Management: L Oberg (Managing Director), 0 Leksell (Deputy Managing Director), Ingemar Sanders (Director of Finance)

PRINCIPAL ACTIVITIES: Industrial holding company and investment trust with interests in a wide range of Swedish companies including real estate, wood and pulp, automobile and engineering companies

Subsidiary/Associated Companies: Finans AB Vestos; Fastighetsaktiebolaget Hufvudstaden; AB Vardefinans; International Invest AB; AB Arcas Finans; AB Crestos

Principal Bankers: S E Banken



31.12.86 SKr'OOO 959,000 575,000 491,000

1,230,000 179,000 3.94SKr

15.00SKr 844,000

2,373,000

31.12.87 SKr'OOO 947,000 510,000 489,000

1,209,000 198,000 4.25SKr

11.00SKr 1,165,000 2,747,000

Principal Shareholders: Skanska AB; AB Volvo; Investment AB Cardo; Skandinaviska Bankens Pensionsstiftelse; Investmentbolaget I2lresund; Trygg-Hansa


DU PONT SCANDINAVIA AB Torshamnsgatan 35, S-16386 Stockholm Tel: 08-750 3700 Telex: 12410 duponor s

Board of Directors: Sten Gustafsson (Chairman) Directors: Franz Ehrhardt (Managing Director)

PRINCIPAL ACTIVITIES: Marketing Du Pont products, textile fibres, elastomers, plastic resins and films, photographic products for graphic arts and X-ray applications, electronic materials, analytical instruments, Marketing JET, gasoline, gasoil, diesel and fuel oil, heating oil



EKA NOBEL AB S-445 01 Surte Tel: 0303/98000 Cable: EKAKEMI Gothenburg Telex: 2435 ekadbg s

Board of Directors: Anders G Carlberg (Chairman) Management: Dag Stromqvist (Managing Director) Senior Executives: Sigurd Walldal (Business Development), Nils

Gosta Vannerberg (Research and Development), Soren Mellstig (Administration)

PRINCIPAL ACTIVITIES: Manufacture of chemical products Trade Names: EKA Parent Company: Nobel Industries, Sweden Subsidiary Companies: Eka Chemie BV (Netherlands); Eka

Chemieprodukte GmbH (Germany); Eka Alby Kemi AB (Sweden); Eka Chemicals Oy (Finland); Eka Chimie SARL (France); Eka Quimica Uda (Brazil); Kema Nord Inc (USA); Que Nord Inc (Canada); Permascand AB; Cellchem AB; Thors Kemiste Fabrikker (Norway)

Principal Bankers: Skandinaviska Enskilda Banken Financial Information:

Sales turnover Profit before tax' Dividends Share capital Shareholders funds 'after financial income and

expenses


FERMENTA AB

31.12.86 SKr'OOO

1,195,000 97,000 12,054 80,000

129,732

Apelbergsgatan 57, S-11137 Stockholm Tel: +46-8-23 83 50 Telex: 12792 Ferm S Telefax: +46-8-113124

31.12.87 SKr'OOO

1,298,000 163,000

80,000 92,565

194

Board of Directors: Bert Sjolin (Chairman), Bertil Holmberg (President)

Senior Executives: Lars Landstrom (Executive Vice President and Chief Financial Officer)

PRINCIPAL ACTIVITIES: Holding company for chemical and pharmaceutical companies and companies offering financial services

Subsidiary Companies: SDS Biotech (USA); Pierrel (Italy); Fermenta Products; Independent Finans

Principal Bankers: Gotabanken, Handelsbanken Financial Information:

Sales turnover Profit before tax Profit after tax Earnings per share Share capital Shareholders funds


HANSSON, HB ELOF, Forsta Langgatan 17, 413 80 Goteborg Tel: (46) 031/85 60 00 Cable: Elofhans Telex: 2530 elofha s Telefax: (46) 031/12 67 35

31.12.88 S'OOO

4,920,000 189,000 162,000 0.59SKr 469,500 753,000

Board of Directors: Bo-Elof Hansson (Chairman), L Brandin, A Hedberg, A Redstedt, K Goran Bengtsson

PRINCIPAL ACTIVITIES: Export of pulp, paper, timber, building materials, equipment and accessories for the pulp, paper and board, wallboard, packaging and sugar industries, steel and steel products, metal and woodworking machinery, chemicals, import of products for the shipbuilding, engineering and processing industries, textiles, plastics and packaging machinery, building materials, food products, consumer electronics and consumer goods

Trade Names: Eagle Brand, Globetrader Parent Company: Elof Hansson AB Subsidiary Companies: Australia, Belgium, Brazil, China,

Denmark, Finland, France, UK, Hong Kong, India, Italy, Japan, Norway, Spain, Sweden, Switzerland, USA, West Germany


Sales turnover


HASSELFORS AB 690 33 Hasselfors Tel: 0585/441 00 Cable: Hasselfors Orebro Telex: 732 49 Peat S Telefax: 0585/442 00

1987 SKr'OOO

7,419,000

Board of Directors: Trolle Wachtmeister, Tom Wachtmeister, Bo Hjelt, Claes-Ulrik Winberg, Stig Ramel, August Trolle-Lowen, Sven Hagstromer, Claes Hammar. Deputies: Gustaf Svensson, Dag Tigerschiold, Bo Hjelt, Lago Wernstedt. Employee Representatives: Karl-Axel Birath, Anna-Lisa Pettersson. Deputies: Christer Torebring, Jan-Olof Ekblom

Management: Claes Hammar (Managing Director), Stig Hagstrom (Finance Director)

PRINCIPAL ACTIVITIES: Holding company whose subsidiaries are engaged in the manufacture of wood products; soil, peat, moss and other growing substrates; electrical car-heating equipment; heating systems for housing; sodium silicate; leasing and securities-financing; hammers

Parent Company: Forvaltnings AB Hasselfors Subsidiary Companies: Hasselfors Sruks AB; Hasselfors Timber

AS; Hasselfors Garden AB; Hasselfors Preciform AS; Elektro

Standard AS: Silikemi AS: Corylus Finans AS: Tors Hammare AS

Principal Bankers: Svenska Handelsbanken: SE-Sanken Financial Information:



HB ElOF HANSSON See HANSSON, HS ELOF,

INVESTMENT AB BAHCO See SAHCO, INVESTMENT AS,

JOHNSON,AXEL,AS S-103 75 Stockholm Tel: +46 8 788 50 00 Telex: 17153 axmanag s

31.12.86 SKr'OOO 430,000

19.400 17,200 18,000

31.12.87 SKr'OOO 463,300

14,184 9,833

18,000

Board of Directors: Antonia Ax:son Johnson (Chairman) Management: Goran Ennerfelt (President and Chief Executive

Officer)

PRINCIPAL ACTIVITIES: Raw materials trading including oil , coal, ores and metals: specialty oil products: industrial trading, particularly in stainless steel: fluid handling equipment, marine equipment: industrial plant and machinery: east-west trade in engineering products and lubricants: trade with Nordic countries in special steels, marine products for ships and the offshore sector, sales of electrical, electronic and chemical products: medical and dental equipment: financial services: since April 1988 retail and wholesale trade in Sweden

Subsidiary Companies: (100% owned unless stated): A Johnson & Co HAS: Sjurstromspalen AB. Within subsidiary group AXINTER: Axel Johnson International AB: A Johnson & Co Eastern AS: Cellma Contracting AB: KAB Kjellbergs AB; Handels AB Mercator; J Akerman AB; Mercatsia Inc (USA); Nordisk Elektra AS; Svenk Teknisk Byra AB; A Johnson & Co Wien GesmbH (Austria); A Johnson & Co Oy (Finland); Axel Johnson Marine Oy (Finland); A Johnson & Cie SA (France); KaMeWa SA (France); A Johnson & Co (Hellas) Ltd (Greece); A Johnson & Co Ltd (UK); George Meller Ltd (UK); A Johnson & Co (Holding) BV (Netherlands); Axel Johnson Steel International SV (Netherlands); Axel Johnson Industrial BV (Netherlands); Johnson-Saunders SA (Belgium); Axel Johnson & Co NV (Belgium); A Johnson & Co (Portugal) Lda (90%) (Portugal); A Johnson & Co SA (Spain); A Johnson & Co International Ltd (Switzerland); A Johnson & Co GmbH (Germany); A Johnson & Co Anlagentechnik GmbH (Germany); ISA Internationale Schiffahrts-Agentur GmbH (60%) (Germany); AKO GmbH (Germany); Axel Johnson & Co Africa (Pty) Ltd (South Africa); A Johnson & Co (SEA) Pte Ltd (Singapore); Wemex Engineering Asia (Pte) Ltd (Singapore); A Johnson & Co (Asia-Pacific) Ltd (Hong Kong); A Johnson & Co (Asia-Pacific) Ltd (South Korea); Axel Johnson Corporation (HK) Ltd (Hong Kong); Axel Johnson Corporation (Australia) AS (Australia); Axel Johnson do Brasil Ind e Com Ltda (Brazil); Axel Johnson de Mexico SA de CV (Mexico). Within subsidiary group AXOIL: Axel Johnson Petroleum AB; Axoil Ltd (UK): Axel Johnson Petroleum International Ltd (Bermuda); Axel Johnson Petroleum (Asia) Pte Ltd (Singapore). Within subsidiary group AXORE: Axel Johnson are & Metals AB (Sweden); Axel Johnson Minerais et Metaux SARL (France); Axel Johnson Ore & Metals AG (Switzerland); Axel Johnson Ore & Metals GmbH (Germany); Axel Johnson Ore & Metals Inc (USA). Within subsidiary group AXCHEM: Axel Johnson Chemicals AB; AB Axel Christiernsson; OlsonDinol Engineering AB. Within subsidiary group DINOL: Dinol International AB; Dinol Svenska AB; Dinol Norge AfS

195

SWEDEN (Norway); Dinol Oy (Finland); Dinol GmbH (Germany); Dinol France SARL (France): Dinol Italia SRL (Italy): Dinol Properties Ltd (UK): Dinol Korea Company Ltd (70%) (Korea): Dinol Chemicals (SEA) Pte Ltd (Singapore); Guard Insurance Company Ltd (Barbados). Within subsidiary group AXMED: Axel Johnson Instrument AB: STI-Gruppen AB: DAB Dental AB: Nordenta AB; Svenska Dental Instrument AB; Axel Johnson Radiologi AB; Interdental AB: Interdental Vast AS: AS Axel E Madsen; A Johnson & Co AfS (Denmark): Kjellbergs Successors AjS (Denmark): Kjellbergs Successors BV (Netherlands): A Johnson & Co A/S (Norway). Within subsidiary group NORTEC: Nortec Electronics AB: AB Distex; Nordisk Arrayteknik AB; Nordisk Elektronik AB; Nortelco AB; Traco AB; Nortec Electronics A/S (Denmark); A/S Nordisk Elektronik (Denmark); Nordisk Mikrosystem ApS (Denmark); Distributoren Interelko A/S (Denmark); Nortec Electronics A/S (Norway); Oy Nortec Electronics Finland AS (Finland); Oy Fintronic AS (Finland); Oy Comdax AB (Finland): Oy Ribbert AB (75%) (Finland). Miscellaneous: A Johnson & Co Credit AB; Axel Johnson Insurance Co Ltd (Bermuda); Axel Johnson Petroleum Trading AB; AB Kratos; HS Nydo Energi


Consolidated turnover Profit before tax Profit after tax Net profit Share capital Shareholders equity


KARLSHAMNS AB Vastra Kajen, 37482 Karlshamn Tel: 0454/82000 Cable: Oljefabrik, Akofab Telex: 4510 akofab s

31 .12.86 SKr'OOO

5,558,800 31,200 15,500 15,500 50,000

126,900

Telefax: 454-18453; 454-11375; 454-18783

Management: Crister .A.hlund (Managing Director)

31.12.87 SKr'OOO

4,316,800 800

31 ,000 31,000

8,200 239,800

PRINCIPAL ACTIVITIES: Manufacture of vegetable and animal oils, fatty acids, feedstuffs, special products for the bakery, food , confectionery and paint industries , margarine, ice cream and almond paste

Parent Company: KF Industri AB Subsidiary Companies: Karlshamns Food Partner AB; Nordtend

AB; Karlshamns USA Inc; Karlshamn Handelsgesellschaft mbH


Sales turnover Profit (loss) before tax Profit after tax Retained profit Share capital Shareholders funds

31 .12.86 SKr'OOO

2,272,000 13,000 5,000

12,000 140,000 180,000

Principal Shareholders: KF Industri AB No of Employees: 1 ,450

KEMI-INTRESSEN AS Box 6018, 172 06 Sundbyberg Tel: 08/28 91 60 Cable: Sodium Telex: 10048 sodium s Telefax: 08/28 72 21

31 .12.87 SKr'OOO

2,387,000 (3,000) 1,000 9,000

140,000 237,000

Board of Directors: Sigurd Walldal (Chairman)

PRINCIPAL ACTIVITIES: Wholesale industrial chemicals Parent Company: Nobel Industries Sweden AB Principal Bankers: Skandinaviska Enskilda


Sales turnover

Profit before tax

Retained profit Earnings per share Share capital Shareholders funds

31.12.86

SKr'OOO

221,000

2,500 2,500

250SKr 1,000

200

Principal Shareholders: Nobel Industries Sweden AB No of Employees: 27

KORSNAS AB S-801 81 Gavle

Tel: 026/15 10 00

Cable: Korsnas Gavle Telex: 47030; 47031; 47124

Telefax: +46 26-19 49 47; 46 26-19 68 62

31.12.87

SKr'OOO

153,000

2,700 2,700

270SKr 1,000

200

Board of Directors: Nils Landqvist (Chairman), Carl-Gustaf Klingspor, Arne Westerberg, Jan Hugo Stenbeck (USA); Bo von Horn, Daniel Johannesson, Lennart Ahlgren, Lennart Wiberg (Representative of the Employees), Inge Pettersson (Representative of the Employees). Deputy Members: Goran Lundeberg, Edvard von Horn, Jan-Erik Stovling (Representative of the Employees), Alf Altskog (Representative of the Employees)

Management: Lennart Ahlgren (Managing Director)

Senior Executives: Bjorn Uhlen (Sales Director, Board, Paper and Pulp), Hans-Birger Lofgren (Sales Director, Sawn Timber)

PRINCIPAL ACTIVITIES: Manufacture of paper and packaging; sulphate pulp; timber; chemicals; production of electricity

Parent Company: Industriforvaltnings AB Kinnevik

Subsidiary/Associated Companies: (100% owned): MarmaLangrors AB; Flexer Sacks Ltd (UK); Wilhelmstal-Werke GmbH Papiersack-fabriken (Germany); Papiersackfabrik Junemann GmbH (Germany); Marma Industri AB; Byggnadsmark AB; A & S Henry & Co (Paper Sacks) Ltd (UK); Stromsnas Bruk AB; Korsnas Re Ltd (USA); Korsnas Sagverks AB; Dala-Ljusna AB; Korsnas-Marmas Aktiesparfondforvaltning AB; AB Stjernsunds Bruk (previously Korsnas AB); Korsnas GmbH (Germany); Marma-Langrors AB; Korsnas Sales Ltd (UK)

Principal Bankers: Svenska Handelsbanken Financial Information:

31.8.86 SKr'OOO

31.8.87 SKr'OOO

Sales turnover 2,961,563 3,188,293 Profit before tax 324,796 258,942 Profit after tax 207,444 114,770 Retained profit 264,230 393,072 Dividends 80,920 263,205 Dividends per share 15.00SKr 15.00SKr"

Earnings per share 43.00SKr 50.00SKr Share capital 546,133 Shareholders funds 171,528

"plus 34.00 SKr bonus

Principal Shareholders: Industriforvaltnings AB Kinnevik No of Employees: 4,449

LANTMANNEN I SORMLAND EK. FOR Box 155, S-611 24 Nykoping Tel: 0155/172 20 Cable: Lantmannen

Management: G Blomkvist (Managing Director)

PRINCIPAL ACTIVITIES: Wholesale trade in agricultural chemicals, fertiliser and grain

Principal Bankers: Skandinaviska Enskilda

546,133

175,735

196


Sales turnover


SKr'OOO 703,000

MALARDALENS LANTMAN EK. FOR. Box 466, S-751 06 Uppsala Tel: 018/149460 Telex: 76120 mlu s

Management: E Eriksson (Managing Director)

PRINCIPAL ACTIVITIES: Wholesale trade in agricultural equipment, fertilisers, seeds, grains and feedstuff


Sales turnover


NESTE POL YETEN AB 444 86 Stenungsund Tel: 0303/86000 Telex: 2402 Neste Pe S

SKr'OOO 800,000

Board of Directors: Bert Lindstrom (Chairman) Management: Teuvo Kulmala (Managing Director), Ulf H

Jacobson, Thomas Wegdell, Bo Holmgren, Ludwig Binder, Lennart Arnby, Sven Svensson, Bjorn Bergh

PRINCIPAL ACTIVITIES: Manufacture of high and low density polyethylene

Trade Names: NESTE POLYETHYLENE Parent Company: NESTE OY, Finland Subsidiary Companies: In UK, France, Germany, Norway,

Austria, Denmark, Italy, Netherlands, Switzerland and Spain PrinCipal Bankers: Skandinaviska Enskilda Financial Information:

Turnover

31.12.86 SKr'OOO

1,875,000

Principal Shareholders: NESTE OY (100%) No of Employees: 850

NOBEL INDUSTRIES SWEDEN AB PO Box 16397, S-103 27 Stockholm Tel: +468103910 Telex: 14668 nobind s Telefax: +46820 12 05

31.12.87 SKr'OOO

2,025,000

Board of Directors: Lars-Erik Thunholm (Chairman), Erik Penser, Sten Rudholm, Bo Rydin, Torvild Aakvaag, Sven Agrup, Sven Eldh, Kjell Sundberg, Anders G Carlberg. Deputies: Jan Kihlberg, Sven Wallbom, Lennart Akesson

President and Chief Executive Officer: Anders G Carlberg. Corporate Staff: Olle Werner (Administration). Jan Kihlberg (Finance and Control). Rune Borg (Corporate Communications). Lars Gothlin (Legal Affairs and Secretary to the Board of Directors). Lars SchOlander (Research and Development, Environment)

Business Areas: Dan Stromqvist (Pulp and Paper Chemicals). Egon Linderoth (Ordnance). John-Gabriel Montgomery (Chemicals and Explosives), Ove Mattsson (Adhesives and Paints). Bjorn J:son-Stampe (Consumer Goods). Thore Anderson (PlastiCS). Leif Ek (Specialty Chemicals)

PRINCIPAL ACTIVITIES: Sweden's largest chemical enterprise; manufacture of pulp and paper chemicals. explosives and chemicals. ordnance. industrial chemicals. adhesives and paints, specialty chemicals. plastiCS and consumer goods organised into business areas

Subsidiary Companies (100% owned unless stated): Pharos AB (74.7%); Eka Nobel AB; Casco Nobel AB (98.5%); Extraco AB; Kenobel AB; Nobel Consumer Goods AB; AB Bofors; Nobel Kemi AB; AB Nobel Plast (90.1%); Nohab Leasing AB (75%); Nobelpharma AB; Nobel Industrier Finansforvaltning AB;

KenoGard AB; AB Trelleborgplast; Sicklaverkstiider AB; Kemi-Intressen AB; Nobel Medica AB; Nobel Koncernservice AB Nacka; Nobel Dataservice AB; Nobel Koncernservice AB Karlskoga; Nobel Industries Holding BV (Netherlands); Nobel Industries USA Inc (USA); Nobel Industries Sweden (UK) Ltd (UK); Frej Insurance Ltd; Bofors Deutschland GmbH (Germany); Bofors Italiana Sri (Italy); KemaNord A/S (Norway); Bofors France SA (France); KenoPac Inc (USA); Nobel Industrier GmbH (Germany); Chematur SA (Switzerland); KemaNord Philippines (Philippines) and a number of nonoperating subsidiaries

Principal Bankers: Skandinaviska Enskilda Banken


31.12.86

SKr'OOO

Invoiced sales 11,534,700

Earnings before tax 437,200

Earnings after tax 424,300

Dividends per share 1.95SKr

Earnings per share 7.05SKr


Total shareholders equity 894,200

31.12.87

SKr'OOO

13,920,000

596,300

521,200

2.50SKr

9.30Skr

866,300

1,874,800

Principal Shareholders: Erik Penser (incl. Comp) (43.84%); Investment AB Asken (19.84%); Svanska Handelsbankens Pensionsstiftelse (1.94%); Skandinaviska Bankens Pensionsstiftelse (1.73%); Anders G Carlberg (1.37%); Jan Kihlberg (incl comp) (0.81 %); Svenka Handelsbankens aktiefonder (0.70%)


NORRLANDSSKOGslGARESCELLULOSA AB

NCB Joh Ekmans Vag 1, 873 02 Viija Tel: 0612/263 00

Cable: Farmpulp

Telex: 71339

Telefax: 0612/26729

Board of Directors: G Ekelund (Chairman), R Barneus, B A Berg, L H Forssblad (Managing Director), M Lowenstein, F Luhr, H Gehlin, S Johansson, B Rollen, S Osterberg

Management: L H Forssblad (Managing Director)

PRINCIPAL ACTIVITIES: State owned company engaged in the production of sulphate pulp, paper, sulphite pulp, paper sacks, plastic products, timber and board

Subsidiary Companies: (100% owned unless stated): Edet AS; Dyniis AB; Seth Srankell AB; Dynapak Papper AB; Forss AB; Medway Packaging Ltd (UK); AB Mockfjiirdshus; Ncb France SA (France); Ncb Forest Products Ltd (UK); The Northern Paper Co Ltd (UK); Norrcell Sri (Italy); Hannoversche Papierfabr AG (74%) (Germany); Ncb Cellulose & Papier GmbH (Germany)


31.12.86

SKr'OOO

Sales turnover 2,939,200 Profit before tax 156,900 Profit after tax 113,000 Retained profit 57,600 Dividends 19,746 Dividends per share 0.04SKr Earnings per share 0.22SKr Share capital 493,600 Shareholders funds 755,200

Principal Shareholders: The Swedish State (71.3%)


31.12.87

SKr'OOO

3,999,000

193,900

45,400

127,200

19,746

0.04SKr

0.20SKr

494,900

801,400

197

SWEDEN NORSK HYDRO SVERIGE AS Biblioteksg 12, S-111-46 Stockholm Tel: (08) 23 44 90 Telex: 19436 hydros Telefax: (08) 20 01 03

Management: Reidar Amesen

PRINCIPAL ACTIVITIES: Chemicals and metal processing Parent Company: Norsk Hydro AS, Norway Principal Bankers: Skandinaviska Enskilda; PK-banken Financial Information:

Sales turnover


OK PETROLEUM AS S-112 91 Stockholm Tel: 08/737 10 00 Cable: Swedoil Telex: 12892 sweoil s Telefax: 08/13 77 85

Senior Management: Lars Hjorth (President)

1987 SKr'OOO

3,311,000

PRINCIPAL ACTIVITIES: Exploration, production, trade, refining and marketing of petroleum and petroleum products (OK Petroleum AB was formed at the end of 1985 by a merger of Oljekonsumenternas forbund, ekonomisk forening, OK Union and Svenska Petroleum AB, SP)

Trade Names: SP Subsidiary Companies: Svenska Petroleum Exploration AS;

VISAS Viirmecenter i Sverige AB; Svenska Petroleum Sensinstationer AB; AB Gefle KOlimport; Viirmecenter i Sormland Ulf Taleus & Co AB; BP Raffinaderi (Goteborg) AB; Skandinaviska Raffinaderi AB Scamaff; OK Kracker AB: OKLantmiinnen Smorjoljeproduktion AB

Principal Bankers: Skandinaviska Enskilda Banken; Svenska Handelsbanken; Post-och Kreditbanken; PK-banken


Sales turnover

Principal Shareholders: KF No of Employees: 600

PERSTORP AB S-284 80 Perstorp Tel: + 46435/380 00 Cable: Perstorpab Telex: 72470 perstp s

SKr'OOO 6,470,000

Board of Directors: All Akerman (Chairman), Carl Henrik Wendt (Deputy Chairman), Gunnar Dahlsten, Sture Forsen, Lars Malmros, Karl-Erik Sahlberg (President and Chief Executive), Carl Johan Wendt, Karl Lennart Wendt, Kristian Wendt, Lars Naucler, Bo Ursing, Goran Wendt, Magnus Wendt, Wilhelm Wendt, *Sven Johannesson, *Hakan Engstrom, *Stig Kristiansson (Deputy), *Arne Berglund (Deputy), *Employee Representative

Corporate Management: Karl-Erik Sahlberg (President), Arne Lindeberg (Executive Vice President), Per-Gunnar Kalborg (Senior Vice President), Gosta Wi king (Senior Vice President), Sten Nordberg (Senior Vice President, Corporate Development), Mats Tuner (Senior Vice President, Finance), Eibert Hansson (Senior Vice President, Personnel)

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals, surface materials and plastiC products components: biotechnology

Trade Names: Perstop, Party, Dishman Subsidiary Companies: (100% owned unless stated); Perstorp

Ltd (UK); Perstorp do Brazil Industria e Comercio Ltda (Brazil); Perplast SV (Netherlands); Perstorp tnc (USA); Perstorp SA (France); Perstorp AfS (Denmark); Perstorp A/S (Norway); Perstorp Austria Ges mbH (Austria); Perstorp Form

SWEDEN Oy (Finland); Synthecolor SA (France); Antiphon GmbH (Germany); Perstorp Unidur GmbH (Germany); Perstorp Ltd (Canada); Perstorp SpA (Italy); Synth9color International BV (Belgium); Creative Chemicals (Bermuda); Hydro Perstorp Laminator A/S (Norway); La Bakelite SA (France); Perstorp IKI Oy (Finland); AB Skaraplast; Skand. Perginol AB; PernovoPerstorp New Business Development AB; Klosters Profiler AB; Unifarm AB; Perstorp Form AB; Perstorp Komponent AB; AB Klosters Fabriker; Perstorp Konsument AB; Drycolor AB; Perstorp Kemi AB; System Dishman AB; Perstorp Regeno AB; Perstorp Pressmassor AB; Perstorp Contilam AB; Perstorp Produkter AB; Perstorp Fondaktiebolag; Perstop Additiver AB; Perstorp Administration AB; Perstorp Affarsutveckling AB; Perstorp Biotec AB; Perstorp Chemitec AB; Perstorp Compounds AB; Perstorp Elektronik AB; Perstorp Far East AB; Perstorp Finanskonsolt AB; Perstorp Plastsystem AB; Perstorp Specialkemi AB; Perstorp Ytmaterial AB; Toolvac Engineering AB (91%)

Principal Bankers: Skandinaviska Enskilda Financial Information:

31.8.86 SKr'OOO

Sales turnover 3,921,300 Profit before tax 232,700 Profit after tax 136,400 Dividends(1 ) 33,900

Dividends per share(1 )(2) 1.85SKr Earnings per share(1) 9.65SKr Share capital 183,100 Shareholders equity 686,200 (1) Parent Company (2) after full taxes

31.8.87 SKr'OOO

4,235,200 304,800 165,200

43,900

2.40SKr 12.75SKr

183,100 768,300

Principal Shareholders: Wendt Family (24.3%); Trygg-Hansa (6.2%); Skandia Liv & Sak (5.5%); Custos (5.5%); Boliden (4.6%); 4th National Pension Insurance Fund (3.9%); PKBankens Mutual Fund (3.6%); SE-Bankens Pension Fund (3.3%); Savings Banks' Mutual Fund (2.4%); Ahlsell AB (2.4%); Folksam (2.2%)


SKANDINAVISKA RAFFINADERI AB Scanraff Box 10004, S-453 00 Lysekil Tel: 0523/604 60 Cable: Scanraf Telex: 42135 scanraf s Telefax: 0523-60972

Board of Directors: Sture Hernow (Chairman) Management: Lars Nelson (Managing Director)

PRINCIPAL ACTIVITIES: Refining of crude oil to motor and aircraft fuel, diesel oil and other fuel oils

Subsidiary Companies: Scanraff Inc (USA) Financial Information:

31.12.86 31.12.87 SKr'OOO SKr'OOO

Sales turnover 423,561 466,040 (Loss) before tax (191 ) Share capital 200,000 200,000 Shareholders equity 200,014 200,014

Principal Shareholders: OK Petroleum AB (35.5525%); Texaco Oil AB (42.965%); Norsk Hydro AS (21.4825%)


STAL REFRIGERATION AB S-601 87 Norrkoeping Tel: (011) 21 40 00 Cable: Frostal Telex: 64110 Telefax: (011) 10 23 42

198

Board of Directors: Sune Carlsson (Chairman), Sven B Andersson, Erik Brunell (Finance Director), Erik Herrmann (Managing Director)

Management: Erik Herrmann (Managing Director) Senior Executives: Anders Lundberg (Sales), Lars Ekstrand

(Production)

PRINCIPAL ACTIVITIES: Complete industrial and marine refrigeration systems; air conditioning refrigeration; heat pumps

Parent Company: ASEA Brown Boveri AB, Sweden SubSidiary/Associated Companies: STAL Koudetechnik B.V.

(Netherlands); STAL-Levin Ltd (UK); STAL-Kulde A/S (Norway); ST AL Kulde A/S (Denmark); ST AL Refrigeration Corporation (USA); STAL-Samifi SpA (Italy); Stallntecno SNC ASEA & Cie (France); Lifes SA (Spain); STAL-ASTRA GmbH Kaelteanlagen (West Germany); ST AL-ASTRA Kaelteanlagen GmbH (Austria); STAL-industriekiilte AG (Switzerland); STALAstra Refrigeration Inc (Philippines); ST AL-Astra Refrigeration S.E.A. Pte Ltd (Singapore); Oy STALNOVO Ab (Finland); AlfaLaval Ltd (India); Wildridge & Sinclair Eng Pty Ltd (Australia); STAL-Nissin Corporation (Japan)


31.12.86 SKr'OOO

Sales turnover 830,107 Profit before tax 36,076 Net income 20,012 Retained profit 21,211 Dividends 10,000 Dividends per share 18.18SKr Earnings per share 55.00SKr Share capital 55,000 Shareholders funds* 122,912 *including share capital

31.12.87 SKr'OOO 922,868

16,965 9,540

33,795 1,500

2.73SKr 52.00SKr

55,000 125,508

Principal Shareholders: ASEA Brown Boveri AB, Vasteras, Sweden


STATOIL PETROKEMI AB S-444 81 Stenungsund Tel: 0303/87000 Telex: 2404 staolef s Telefax: 303/80445

Management: Staffan Riben (Managing Director)

PRINCIPAL ACTIVITIES: Manufacture of petrochemical products such as ethylene and propylene

Parent Company: Statoil-Den Norske stats oljeselskap a.s., Norway


Sales turnover


SUNDS DEFIBRA TOR AS 851 94 Sundsvall Tel: Int.+46-60165000 Cable: Sundsdefibrator Telex: 71053 sundef s Telefax: Int.+ 46-60165500

31.12.86 SKr'OOO

1,700,000

Board of Directors: Bo Rydin (Chairman)

31.12.87 SKr'OOO

1,650,000

Management: Lars Niisman (President and Chief Executive Officer), Kenneth Eriksson (Executive Vice PreSident, Technolgoy), Per Zaunders (Executive Vice PreSident, Finance), Arto Aaltonen (President of Sunds Defibrator Jylhii OY), Lennart Lunden (Secretariat/lnformation), Hannu Melarti (Legal), Tord Hoglund (PersonneI/Organisation), Haken Norberg (Administration/Purchasing), Per Ake Fiirnstrand (Chemical Pulping Division), Bertel Langenskiold (High-Yield Pulping and Drying/Baling Division), Aron Mikaelsson (Board

Division), Jorman Lumiainen (Stock Preparation), Anders Gothlin (Refiner Segments Division), Lars Bylund (Customer Service Division), Lars-Ake Lindstrom (Process Development), Sven Gustafsson (Manufacturing Division), Erik Sjunnesson (President, Sund Emba)

PRINCIPAL ACTIVITIES: Sunds Defibrator Group manufactures equipment and develops processes for producing chemical and mechanical pulp and fiberboard; develops, manufactures and markets plants and equipment for stock preparation and for production of chemical and mechanical pulps and fiberboard

Trade Names: Sunds, Defibrator Parent Company: Sunds Defibrator is equally owned by SCA,

United Paper Mills and Rauma Repola (each hold a one-third interest in the company)

Subsidiary Companies: Sund Emba AB, Sweden and subsidiaries in Valkeakoski, Pori, Paris, Madrid, Vienna, London, Montreal, Minneapolis, Sao Paulo, Tokyo, Melbourne, Auckland and Atlanta

Principal Bankers: Handelsbanken Financial Information:

Sales turnover Operating profit Share capital Shareholders funds

31.12.86 SKr'OOO

1,700,000 55,000 60,000

190,000

31.12.87 SKr'OOO

1,935,000 16,000 60,000

327,000

Principal Shareholders: SCA; United Paper Mills; Rauma Repola No of Employees: 1 ,942

SUPRA AS Box 516, S-261 24 Landskrona Tel: 0418/761 00 Cable: Supra Telex: 72588 Supra s Telefax: 0418/17225

Board of Directors: Trygve Refvem (Chairman) Management: Folke Martensson (Managing Director) Senior Executives: Orvar Jedeur-Palmgren

PRINCIPAL ACTIVITIES: Manufacture of industrial chemicals and fertilisers

Trade Names: Supra AB Parent Company: Norsk Hydro A/S Subsidiary Companies: Landskrona Stuveri AB Principal Bankers: Handelsbanken Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit (Loss) per share Share capital Shareholders funds

31.12.86 SKr'OOO

1,853,900 5,200 1,900

600 (202SKr) 100,000 118,700

31.12.87 SKr'OOO

1,746,000 (100) (200)

2,500 (82SKr)

100,000 118,600

Principal Shareholders: Norsk Hydro A/S, Norway; SLR (Swedish Farmers' Purchasing and Marketing Organisation), Sweden


SVENSKA SP AS 115831 Stockholm Tel: (08) 652 000 Telex: 19388

Management: S Nyberg (Managing Director)

PRINCIPAL ACTIVITIES: Refining and distribution of oil, petroleum and related products

Parent Company: The British Petroleum Company PLC, UK Principal Bankers: Skandinaviska Enskilda

199


Sales turnover


SVENSKA HOECHST AS Box 5415, 402 29 Goteborg Tel: (031) 678500 Cable: Hoechstanilin, Gbg Telex: 2275 hoegbg s Telefax: (031) 877960

SKr'OOO 6,500,000

Management: P A Lundblad (Managing Director)

PRINCIPAL ACTIVITIES: Import and distribution of paints, plastics, synthetic fibres, industrial chemicals and other products of Hoechst AG Frankfurt

Parent Company: Hoechst AG, Germany Principal Bankers: Skandinaviska Enskilda Financial Information:

Sales turnover SKr'OOO 830,000

Principal Shareholders: Hoechst AG, Frankfurt, West Germany No of Employees: 240

SVENSKA LANTMANNENS RIKSFORSUND

Swedish Farmers' Supply & Crop Marketing Association Box 12238, 10226 Stockholm Tel: 08/13 1500 Cable: Riksforbundet Telex: 19460 sir s Telefax: 52 87 12

Board of Directors: Olle Hakelius (Chairman) Management: Lars-Olof Larsson

PRINCIPAL ACTIVITIES: Trade in grain and seeds, feed and feed ingredients, fertilisers, pesticides, agricultural machinery and tractors, fuel oils etc

Subsidiary Companies: The Cerealia Group; Lantmiinnens Maskin Co

Principal Bankers: PK-banken; Foreningsbanken Financial Information:

Sales turnover SKr'OOO

8,260,000

Principal Shareholders: 19 regional cooperatives No of Employees: 247

SVENSKA SHELL KONCERNEN Armegatan 38, 171 79 Solna Tel: 08{730 80 00 Cable: Shell Telex: 19360 shell s

Board of Directors: Alf Bergman (Chairman), David Varney (Managing Director), Albert W Ubbens, Peter Duncan, Olof Wigren, Bjorn Kristoffersson, Jan-Olov Ericksson

PRINCIPAL ACTIVITIES: Wholesale trade in petrol, petroleum products, oils, greases, asphalt, petrochemicals

Parent Company: AB Svenska Shell Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit Dividends Dividends per share Earnings (loss) per share Share capital Shareholders funds

31.12.86 SKr'OOO

9,909,000 (13,900) (7,300) 65,700 65,000 65SKr (7SKr)

100,000 241,600

31.12.87 SKr'OOO

10,120,000 202,000 100,000 100,500 100,000

40SKr 40SKr

250,000 126,100

SWEDEN Principal Shareholders: The Shell Petroleum Company Ltd

(100%) No of Employees: 1 ,000

SVENSKA UNILEVER Box 7838, 103 98 Stockholm Tel: 08/723 87 00 Cable: Unilever Telex: 19332 uniexp s Telefax: 21 3740

Board of Directors: Svenska Unilever Forvaltnings AB: Bengt Elfgren, Ingvar Eriksson, Roine Eriksson, Hans Fries, Jack Freeman, Svend Holst Nielsen, Rolf Lindman, Carl Ivar Lindquist, Carl G Svedin, Sixten Ahr. Svenska Unilever AB: Sigvard Ando, Tore Browaldh, Ragnar Bentzel, Bengt Elfgren, Svend Holst Nielsen, Stig Ramel, Jan de Jong

Management: Svend Holst Nielsen (Managing Director)

PRINCIPAL ACTIVITIES: Manufacture of detergents, soaps and household products

Parent Company: Unilever NV, Rotterdam, Netherlands Subsidiary Companies: (100% owned unless stated): Lever AB;

Novia AB; Glace-Bolaget AB; Elida Robert Group AB; Leverindus AB; Expedo AB; Quest Int; Margarinbolaget AB (50%); Falcon AB (55%)

Financial Information: 31 .12.86 Skr'OOO

Sales turnover 3,025,200 Profit before tax 310,600 °rnfit after tax 120,100

Principal Shareholders: Unilever NV/PLC No of Employees: 2,682

SWEDISH MATCH AS PO Box 16100, S-103 22 Stockholm Tel: Int +46 8 22 06 20 Cable: matchco stockholm Telex: 19454 match s Telecopier: 08-1 0 62 82; 10 60 20

31.12.87 SKr'OOO

3,261,800 305,600 113,700

Board of Directors: Curt Nicolin (Chairman), Sven Wallgren (Vice Chairman), Bo Berggren, Gosta Bystedt, Claes Dahlbiick, Hans Larsson, Lars Gunnar Lindberg, Lennart Engstrom, Hso<an Mogren, Karl-Erik Sahlberg, Mrs Margaretha af Ugglas

Corporate Management: Hans Larsson (President and Chief Executive Officer), Torbjorn Nilsson (Executive Vice President), Willi Senn (Executive Vice President)

Senior Executives: Andrejs Cakste (Business Control and Taxes), Arne Brinkman (Human Resources), Claes-Johan Geijer (Acting Finance), Sven Yngwe (Information), Anders Aberg (Legal)

PRINCIPAL ACTIVITIES: Swedish Match is an international industrial corporation based in Stockholm. It consists of the following groups: Tarkett (flooring), Swedish Match Consumer Products (matches, lighters, paper and shaving products), Akerlund & Rausing (packaging), Swedoor, Kitchens and Alby (chemicals)

Trade Names: Tarkett, Pegulan, Marbodal, HTH, Sigdal, Swedoor, Wilkinson, Cricket, Feudor, Finess, Meny, A&R, Albyetc

Subsidiary Companies: (100% owned unless stated): Alby Klorat AB; Arenco Match Machinery AB; N A Eriksson AB; AB Formator; Intermatch Sweden AB; Johnson Hill AB; AB J6nk6ping-Vulcan; E Leksell AB (99.7%); Letpak International AB; Marbodal AB; Osby Kok AB; AB Siefvert & Fornander; AB Star Byggterminal; Star Marketing AB; AB Starprodukter; J D Stenqvist; Export AB Svalan; Swedish Tissue AB; Swedoor AB; Tarkett AB; Nils Troedsson AB; AB Akerlund & Rausing; Swedish Match Holding A/S (Denmark); Star Interiors Ltd (UK); Swedish Match Holdings Ltd (UK); Bjorneborgs Tiindsticksfabrik AB (Finland); Marbodal Oy (Finland); SO Oviteollisuus Oy (Finland); Tarkett Oy (Finland);

200

Swedish Match Holding SA (France); Swedish Match Holding Co NV (Netherlands); Maguire & Paterson Manufacturing Ltd (Eire); Tarkett Ltd (Eire); Bryn-Halden & Nitedals Taendstikfabrik A/S (Norway); Sociedade Nacional de F6sforos SARL (69.4%) (Portugal); Swedish Match Consumer Products SA (Switzerland); Swedish Match Beteiligungen GmbH (Germany); Sirius-Solo Zlindholz GesmbH (Austria); Tarkett GesmbH (Austria); SA Allumettiere Cause mille (France); Compania General de F6sforos Sud Americana SA (57.9%) (Argentina); Fiat Lux de F6sforos de Seguranca Co (97.6%) (Brazil); Swedish Match do Brazil SA (94.6%) (Brazil); Alby Chlorates Canada Inc (51%) (Canada); Wilkinson Sword Canada Inc (Canada); Compania F6sforera Colombiana SA (99.9%) (Columbia); Fabrica Nacional de F6sforos (51%) (Dominican Republic); Compania Nacional de F6sforos "La Llama" SA (Peru); Compania General de F6sforos Montevideana SA (92.3%) (Uruguay); Swedish Match Holding Inc (USA); Dhaka Match Industries Co Ltd (Bangaladesh); The Burma Match Co Ltd (Burma)


Sales turnover Income atter financial items Income atter tax Net income Dividends Dividends per share Earnings per share" Share capital Shareholders equity "atter full tax

Principal Shareholders: STORA No of Employees: 34,200

VARGON ALLOYS AS 468 00 Vargon Tel: 0521 {203 70 Cable: Vargab

31.12.86 SKr'OOO

10,897,000 500,000 351,000 754,000 101,000 2.50SKr 8.35SKr 404,000

2,158,000

Teletex: 8285038-vargab; 8285048-vargab

Board of Directors: P 0 Bohman (Chairman) Management: Ingemar Widell (Managing Director)

31.12.87 SKr'OOO

15,883,000 628,000 435,000 435,000

85,000 3.25SKr

10.40SKr 404,000

2,420,000

PRINCIPAL ACTIVITIES: Manufacture of ferrochromium, ferrosilicon, and electrode coating powder

Principal Bankers: Sparbankernas Bank Financial Information:

Sales turnover (Loss) before tax Share capital


31.12.86 SKr'OOO 273,000

(7,400) 17,000

VASTSVENSKA LANTMAN FOR UPA 531 87 Lidkoping Tel: 05 10{221 40 Cable: Westlantman Telefax: 0510/25570

31 .12.87 SKr'OOO 377,000

(3,700) 17,000

Board of Directors: Arne Christensson (Chairman), Christer Svederberg, Lennart Lindhagen, Ingvar Hilmer, Tore Gustafsson, Mats Lofnertz, Alf Sifversson, Staffan Planck, Arne Frisinger, "G6sta Olsson, "Rune Karlsson. Deputy Members: Rolf Johansson, Per Hansson, Nils-Bertil Wickberg, "Leif Algotsson, "Hans Antonsson, "Employee Representative

Management: Arne Frisinger (Managing Director), Lars Johnson (Marketing Director), Bert Ericsson (Financial Manager)

PRINCIPAL ACTIVITIES: Farm input supply and crop marketing Subsidiary Companies: Viinfor KB; Terrama Lantbruk AB;

Terrama Entreprenad AB; Maskin 0 Lantbruk i Torboda AB; Fastighets AB Kruset

Principal Bankers: PK-Banken, Foreningsbanken Financial Information:

Sales turnover Profit before tax Profit after tax Share capital Shareholders funds

31.12.86 SKr'OOO

1,975,000 22,300 10,400 92,000

146,000

31.12.87 SKr'OOO

1,893,000 43,600 23,300

101,000 179,000

Principal Shareholders: Cooperative owned by 14,500 members No of Employees: 1 ,100

ZANDER & INGESTROM AS Box 12088, S-102 23 Stockholm Tel: (08) 80 90 00 Telex: 10074 ZIS S

Board of Directors: Harry Faulkner (Chairman), Sten SOderstrom, Goran Rehn

Management Board: Svante Thunander (Finance Director), Sven-Erik Thirn

PRINCIPAL ACTIVITIES: Manufacturing and distribution 01 industrial goods (pumps, thermal equipment, hydraulic equipment, water and sewage stations, and others)

Trade Names: Zeta Parent Company: Alfa-Laval AB Subsidiary Companies: IMO AB (Sweden): Maskin AS Zeta

(Norway); OY Zeta AB (Finland); AlIa-Laval Zeta AS (Denmark)

PrinCipal Bankers: Nordbanken Financial Information:



SKr'OOO 915,000

SWEDEN

201

SWEDEN

202

Major Companies of SWITZERLAND

203

3M (SCHWEIZ) AG Eggstrasse 93, CH-8803 Ruschlikon Tel: (01) 724 90 90 Telex: 826516 mmm ch Telefax: (01) 7240242

Supervisory Board: E Pieruzzi (Prasident), Dr W Altorfer, Dr P Spalti, Dr R 0 DeMasters, E Baertschi

Management Board: Dr R D DeMasters

PRINCIPAL ACTIVITIES: Wholesale trade in adhesives, tapes, coatings and machinery for the chemical, packaging and construction industries; distribution of precision instruments and machinery; medicinal and dental products

Parent Company: Minnesota Mining & Manufacturing Company, USA

Principal Bankers: SBG; SKA; Bank Leu AG Zurich Financial Information:

Sales turnover


AGIP (SUISSE) SA Case postale, 1000 Lausanne Tel: (021) 20 61 11 Cable: agisa lausanne Telex: 24315 agipl ch

PRINCIPAL ACTIVITIES: Petroleum products Parent Company: AGIP PETROLI SpA, Italy

1987 SF'OOO

149,000

Subsidiary Companies: Raffinerie Rheintal AG (100%); RSO (23.3%)

Principal Bankers: UBS; SBS; BCV; CS Financial Information:


1987 SF'OOO

369,000 2,000

Principal Shareholders: AGIP PETROLI SpA, Italy No of Employees: 115

ALUSUISSE

Schweizerische Aluminium AG

Aluminium Suisse SA

Swiss Aluminium Ltd Feldeggstrasse 4, PO Box 495, 8034 Zurich 8 Tel: (01) 386 22 22 Cable: aluminium Telex: 81755511 al ch

Board of Directors: 'Pius Binkert (Chairman), 'Dr Max D Amstutz (Vice Chairman), Dr Hans K Jucker, Dr Carl L Angst, 'Dr Albert Bodmer, Dr Franz Galliker, Robert L Genillard, Rainer E Gut, Pierro Hummel, Dr Bruno Hunziker, Dr Raymond Probst, Prof Dr Dr h c Rolf Sammet, 'Dr Nikolaus Senn, 'Members of the Executive Board

Executive Committee: President and Chief Executive Officer: Hans Jucker. Members, Executive Vice Presidents: Dr Ivo Gerster, Hermann J M Haerri, Dr Theodor M Tschopp

Senior Executives: Head Office: Senior Vice Presidents: Walter Bernath, Dr Ernst Bosshard, Dr Walter R Huber, Rudolf Kissling, Edward A Notter, Werner Regli, Dr Friedrich Schiltkneckt, Alfred Schmidweber, Kurt WOlfensberger. Vice Presidents: Andreas Bellwald, Franz Kratzer, Kurt Meier, Kurt W Muller, Dr Peter Pattis. Assistant Vice Presidents: Gunter Bartholot, Herbert Betschmann, Bruno Bohm, Hans Buhler, Peter Burkhalter, Heinz Dietrich, Gerald H Eaton Hart, Jurgen Fischer, Ralph E Frankeilfeldt, Giuseppe Galletti, Dr Luc Geniets, Enrique Ginesta, Othmar Haag, Dr Peter Iselin, Gottfried Jungblut, Hansjorg Kasper, Walter Kaufmann, Otto Knaisch, Ulrich Knauerhase, Joseph Koller, Walter Larcher, Ernst Leprich, Uwe G Mangold, Rolf Maron, Nils Oeberg, Dr

205

SWITZERLAND Ricardo Pasternak, Arturo Pedrini, Reinhard Rix, Paul Schmuki, Georges Schorderet, Dr Arankathu Skaria, Klaus Winkler. Research and Development: Vice President: Karl Mordasini. Assistant Vice Presidents: Dr Peter Furrer. Dr Peter Schbnholzer, Dr Harald Severus-Laubenfeld

PRINCIPAL ACTIVITIES: Production of alumina and primary and secondary aluminium; bauxite mining; Fabrication of semifinished and finished aluminium products; organic and inorganic chemicals, specialities and other chemical products, plastics; electricity generation and distribution; engineering, automotive products

SubSidiary/Associated Companies: EUROPEAN COUNTRIES: Switzerland: AIREX-Airex AG; ALESA-Alesa Alusuisse Engineering ltd; ALETSCH-Aletsch AG; ALLEGA-Allega Ltd; ALLUMOB-Allusuisse Real Estate Ltd; Boxal Fribourg SA; ERAG-Elektrizitatswerk Rheinau AG; GAZNAT-Gaznat SA; GAZODUC-Gazoduc SA; GOTTHARDWERKE-Officine del Gottardo SA oer I'industria elettrochmica; INTERSOMIGAIntersomiga SA; IT AG-lIlsee-Turtmann-Aktiengesellschaft; KWGS-Kraftwerk Ganterbach-Saltina AG; KWK-Kernkraftwerk Kaiseraugst AG; LlENNE-Electricite de la Lienne SA; LMSLMS Light Metal Systems Ltd; LONZA-Lonza Ltd: MATTMARK-Kraftwerke Mattmark AG; MENZIKEN-Aluminium ltd Menziken: MEREZENBACH-KW Merezenbach AG: METALLlCA-Metallica SA; METOXIT-Metoxit AG; NEHERRobert Victor Neher ltd; REFONDA-Metallwerke Refonda AG; RHOWAG-Rhonewerke AG; AEGINA-Kraftwerk Aegina AG; GOUGRA-Kraftwerke Gougra AG; LOTSCHEN-Kraftwerk Lotschen AG; RKN-Rheinkraftwerk Neuhausen AG; SALANFE-Salanfe SA. Austria: SAG-Salzurger AluminiumGesellschaft mbH. Belgium: AGG-SA Alusuisse Guy Geisler NV. Denmark: Alusuisse Danmark A/S. Germany: Alusuisse Deutschland GmbH; ALUSINGEN-Aluminium-Walzwerke Singen GmbH; lMG-Leichtmetall-Geselischaft mbH; LMG Handel GmbH; Lonza-Werke GmbH; RECKINGEN-Kraftwerk Reckingen AG; MARTINSWERK-Martinswerk GmbH fur chemische und metallurgische Produktion; RHEINFELDENAluminium-Hutte Rheinfelden GmbH; Boxal Bergheim GmbH. Finland: Oy Suomen Alusuisse AB. France: Alusuisse France SA; CAIB-Composants aluminium industrialses pour Ie Batiment; MONTUPET-Societe Industrielle & Financiere Montupet; Lanza France SarI. Iceland: ISAl-lcelandic Aluminium Company ltd. Italy: Alusuisse Italia Spa:-Divisione Alucentro, Divisione Chimica, Divisione Dira, Divisione Richerche e Engineering. Lonza Italia Spa; Molding Compounds Spa; SANA-Societa Abruzzese di Navigazione per Azioni; SAVA-Alluminio Veneto Spa. Netherlands Alusuisse Beheer BV; ALUCHEMIE-Aluminium & Chemie Rotterdam BV; Alusuisse Nederland BV: Boxal Nederland BV: Lonza Benelux BV; Alusuisse Investments BV. Norway: Alusuisse Norge A/S; S0RAL-S0r-Norge Aluminium A/S. Portugal: ALUVETICA-Sociedade Portuguesa de Aluminio Suic;o Ltda. Sweden: ALUFLUOR-Alufluor Aktiebolag; Alusuisse Svenska AB. Spain: GEMA-Gema SA; LlESA-liesa SA. UK: Alusuisse (UK) ltd; ANGLOSWISS-Anglo-Swiss Aluminium Company ltd; Lonza (UK) ltd; STAR-Star Aluminium Company Ltd. NON-EUROPEAN COUNTRIES: Australia: Alusuisse of Australia Ltc; Aqua-Guard Pty of Australia: AUSTRASWISS-Swiss Aluminium Australia Ltd: NABALCO-Nabalco Pty Ltd. British Virgin Islands: Alumina Investment Ltd: Alusuisse Capital Ltd; Alusuisse Holdings Ltd. Canada: Bio-Guard Canada ltd; Van der Hout Associates Ltd. Cayman Islands: FRIALCO-Frialco. Guinea: FRIGUIA-Friguia Societe d' Economie Mixte: SOMIGA-Somiga Societe Miniere et de Participations Guinee-Alusuisse. Japan: Alusuisse Japan Ltd; Lonza Japan Ltd. Netherlands Antilles: ALiNTERAlusuisse International NV; Alusuisse Overseas NV; Lonza International NV. Nigeria: ALUMACO-Aluminium Manufacturing Company of Nigeria ltd: NIGALEX-Nigerian Aluminium Extrusions ltd. Sierra Leone: SIEROMCO-Sierra Leone Ore & Metal Extrusions ltd. USA: AOA-Alusuisse of America Inc: Boxal Inc; CONAlCO-Consolidated Aluminium Corporation; ORMET-Ormet COrporation; Flexible Packaging

SWITZERLAND Inc; Lonza Inc; BIO-LAB-Bio-Lab Inc; CHEM-TAB- Chem-Tab Chemical Corporation; Glyco Inc; MAREMONT-Maremont Corporation; APEX-Apex Automotive Warehouse Inc; C+C Manufacturing Corporation; Marwil Products Company. Venezuela: INTERALUMINI-Interamericana de Alumina CA


Sales turnover Profit (loss) after tax


31.12.86 SF'OOO

5,650,000 (687,000)

BALL V INTERNATIONAL L TO Dreikonigstrasse 12, 8002 Zurich Tel: (01) 201 0755 Cable: ballyinter Telex: 815595 bali ch

Management: Alfred M Niederer

31.12.87 SF'OOO

5,071,000 259,000

Senior Executives: K Salvisberg (Finance, Head of Corporate Staff), T Oederlin (Market Region I), R Trub (Market Region II), G Bally (Marketing), Director), J Ruegg (Organisation and Planning), P Streit (Production), B P Baumberger (Information Systems)

PRINCIPAL ACTIVITIES: Holding company for a group of companies engaged in the manufacture of high quality footwear, fashion accessories, shoe care products, leather, adhesives, plexiglass, rubber and chemical products

Parent Company: Oerlikon-Buhrle Holding AG Subsidiary Companies: Bally's Shoe Factories Limited; Bally

Arola AG; Chaussures Bally-France SA (France); Bally Group (UK) Ltd (UK); Bally Deutschland GmbH (Germany); Bally Gesellschaft mbH (Austria); Bally Schoenhandel BV (Netherlands); SA Chaussures Bally Schoenen NV (Belgium); Bally Inc (USA); Bally Canada Inc (Canada); SA Cortume Carioca (Brazil)



1986 SF'OOO

1,147,700

Principal Shareholders: Oerlikon-Buhrle Holding AG No of Employees: 9,162

BALL V SCHUHFABRIKEN AG Gosgerstrasse 15, CH-5012 Schonenwerd Tel: (064) 40 11 22 Cable: bally aarau Telex: 981 501 Telefax: (064) 40 20 97

Board of Directors: Or P Dinkel (Chairman)

1987 SF'OOO

990,000

Management Board: Or A Lang, Or A Hochuli, A Meier, R Nicolai, H Scheidegger, P Piller

PRINCIPAL ACTIVITIES: Manufacture of footwear Parent Company: Oerlikon-Buhrle Holding AG Financial Information:

Sales turnover


BASF (SCHWEIZ) AG Appital, 8820 Wiidenswil-Au Tel: (01) 781 91 11 Telex: 875 275 bas ch Telefax: 01 781 93 88

31.12.86 SF'OOO

307,000

31.12.87 SF'OOO

286,700

Supervisory Board: Prof Or H Dorfel (Prasident), H Bruhwiler, (Delegierter), H H Blattmann, Or Urs Widmer

Management: Stellv. Direktor:- Dr W Hangartner. Vizedirektoren:- K Beiersdorfer, R Good, U Schori, 0 Burgisser, J J Rion, W Schmiedt, R Hungerbuhler

206

Senior Executives: W Alig, R Auerbach, M Bloch, P Burki, A Giacomuzzi, T Griesmaier, Frau U Muller, A Rutsche, A Santschi, K Schilling, H Schoch, R Schweingruber, G Szadrowsky, D Wittorf

PRINCIPAL ACTIVITIES: Sale of chemical products, magnetic tapes for audio/video and media

Principal Bankers: SKA; SBG Financial Information:

Sales turnover

BAVER (SCHWEIZ) AG Grubenstrasse 6, CH-8045 Zurich Tel: (01) 465 81 11 Telex: 813295 baph ch

1987 SF'OOO

373,000

Management Board: U Schwarz, R Bugmann, H Linnenbroker, W Pluss, H Prem, Or H Walter

PRINCIPAL ACTIVITIES: Import and wholesale trade in synthetic fibres, agricultural chemicals and pharmaceutical products

Parent Company: Bayer AG, Leverkusen, Germany Financial Information:

Sales turnover


BP (SCHWEIZ) AG Kalkbreitestrasse 51, 8023 Zurich 3 Tel: (01) 46811 11 Cable: beepee zurich Telex: 813249 bpz Telefax: (01) 468 12 14

1987 SF'OOO

226,000

Supervisory Board: E Holzer (Zurich, Prasident), N J Carrie (London, Vize Prasident), Dr S de Capitani (Zurich), A Togni (Kusnacht/ZH)

Management Board: J A Toner (Generaldirektor), 0 Price, H Busch, H Fischer, P Kalin, K Pfister

Senior Executives: A Bruder (Zurich), L Ceccaroni (OberwilLieli/AG), A Esseiva (Gattikon/ZH), J-J Hofer (Pully/VD), P Jeck (Madetswil/ZH), K Kunz (Zurich), P Kunzi (Wettswil/ZH), J Michel (Au/ZH), M Mosimann (Uitikon/ZH), F Ramel (Zurich), A Schenkel (Effretikon/ZH), P Schmid (Richterswil/ZH), P Walther (Effretikon/ZH), W Wider (Aarau), K Zahner (Zurich)

PRINCIPAL ACTIVITIES: Wholesale trade in petroleum products including petrol and fuel oils, petrochemicals, bitumen and plastics

Parent Company: British Petroleum Company p.l.c., London, UK Subsidiary Companies: Geldner Stromeyer AG Principal Bankers: SVB; SBV; SKA; SBG; ZKB; Bank Leu Financial Information:

Gross sales turnover Net sales turnover Profit before tax Profit after tax Share capital Shareholders funds


BUHLER BROTHERS L TO CH-9240 Uzwil Tel: (073) 50 11 11 Cable: buhler uzwil Telex: 8831 31 gbu ch Telefax: (73) 503379

31.12.86 SF'OOO

1,328,730 738,715

15,450 11,777

100,000 150,893

Supervisory Board: U R S Buhler (Vorsitzender)

31.12.87 SF'OOO

1,202,226 639,385 13,642 10,400

100,000 161,293

Senior Executives: P Muller (Finance), F Egei (Sales), M Conradin (Purchasing), E Huber (Production), W Suter (Personnel), W Scholl (Technical)

PRINCIPAL ACTIVITIES: Plant and equipment for flour milling, seed treatment plants, weighing and bagging equipment; bakery industry; macaroni (pasta) industry; oat mills, rice mills, cornflakes plants; food processing industry; confectionery industry, coffee processing equipment; malthouses and breweries; vegetable oil milling; animal feed milling; couscous production plants; ship unloading and loading equipment; materials storage and handling systems; continuous conveying systems; coal milling and drying plants; dust collection systems; plants for environmental protection; printing ink and paint factories, soap factories and associated industries; metal die casting machines and installations; chemical engineering; automatic control systems and industrial electronics

Trade Names: BUHLER, BUHLER MIAG

Subsidiary Companies: Buhler-Miag Braunschweig, Brussels, Buenos Aires, London, Malmo, Madrid, Milan, Minneapolis, Mexico City, Paris, Tokyo, Toronto, Sao Paulo


Sales turnover

SF'OOO

1,000,000


BUSS AG Hohenrainstrasse, CH-4133-Pratteln 1

Tel: (061) 82 56111

Cable: BUSSAG

Telex: 968 080 bus ch

Telefax: (061) 8256699

Supervisory Board: 'Dr. H Robert Haab (Prasident), 'Dipl-Ing. Herbert E Wick Ii (Vizeprasident und Delegierter), *Dr. Hannes Goetz, Dipl.-Ing. Werner Jauslin, Robert A Jeker, 'Dipl.-Ing Berthold Saemann, Prof. Dr. Fritz Widmer, 'Mitglieder des Ausschusses

Management Board: Dipl.-Ing. H E Wickli (Direktionsvorsitzender), Dr.-Ing. chem. R Gentili, Dipl.-Ing. W Schmutz, W Schweighauser, Dipl.-Ing. H Dornheim, Dipl.-Ing. K L Keller, Dr.-Ing. P Feuerlein (Vizedirektor), Dipl.-Ing. R Brunner (Vizedirektor)

PRINCIPAL ACTIVITIES: The activities of the group embrace a wide variety of engineering and manufacturing companies serving the chemical, pharmaceutical, plastics and foodstuffs industries throughout the world

Trade Names: Buss Kneader, Buss Loop Reactor

Parent Company: George Fischer AG, Schaffhausen, Switzerland

Subsidiary Companies: (100% owned unless stated): Switzerland: OWL AG Logistik-Systeme; Mator AG. Germany: Waeschle Maschinenfabrik GmbH; Buss-SMS GmbH (95%); Maschinenfabrik Petzholdt GmbH; Heine Zentrifugen GmbH. UK: Buss (UK) Ltd. France: Buss (France) S.A.R.L.; Automatisme et Stockage SA. Italy: Buss (Italia) S.R.L. (99%). Japan: BUSS (Japan) Ltd. Sweden: Buss (Nordiska) AB. USA: Buss (America) Inc


31.12.86 31.12.87

SF'OOO SF'OOO



Dividends 2,400 1,800


Shareholders funds 76,000 75,200

No of Employees: 736 Buss AG; 1,706 Buss Group

207

SWITZERLAND CHEMISCHE FABRIK SCHWEIZERHALL Elsasserstrasse 229-233, Postfach, CH-4013 Basel Tel:588111 Cable: CFS Basel Telex: 62177 Telefax: 061 575 022

President: Dr Hans-Peter Schar Directors: Werner Zeller (Direktionsprasident) Senior Executives: Peter Abt (Direktor), Luigi Garattini (Direktor),

Dr Jakob Rene Muller (Direktor), Henri Bachmann (Vizedirektor), Dr Anton Koller (Vizedirektor), Peter Odenheimer (Vizedirektor), Bruno Radtke (Vizedirektor)

PRINCIPAL ACTIVITIES: Chemicals, pharmaceuticals, plastics, corn and foodstuffs

Parent Company: Schweizerhall Holding AG, Basel Subsidiary Companies: Switzerland: Chemische Fabrik

Schweizerhall; Schweizerhall Getreide AG; Schweizerhall Chemie AG; Schweizerhall-Terro AG; Prochimie Avenches SA; Frey & Co AG; "Fluwa" Walter Fluck AG; Aerosol-Service AG; Ultra Cosmetics SA; Jaecker AG. Germany: Schweizerhall GmbH; Chemische Fabrik Schweizerhall GmbH; Karl H. Boddin Chemiehandel GmbH; Globe Chemicals GmbH. France: Schweizerhall sari; Ultra Cosmetics sarI. Netherlands: Lubimex Holland BV; Schweizerhall-Terro BV; Globe Chemicals Holland BV. Italy: Schweizerhali sri; Globe Chemicals Italia srI. USA: Globe Chemicals USA Inc. Singapore: CFS (S) Pte Ltd. Hong Kong: Globechem (HK) Ltd

Principal Bankers: Schweiz. Bankgesellschaft; Schweiz. Bankverein; Schweiz. Kreditanstalt


Sales turnover Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds (1) 1986 only sales turnover

figure consolidated (2) 1987 all figures

consolidated


CIBA-GEIGY AG CH-4002 Basle Tel: 061/3611 11 Cable: Ciba Geigy Basel Telex: 62991 Telefax: (Gr2+3) 061/3774 44

31.12.86(1 ) SF'OOO

502,758 3,520

918 1,920

120SF 220SF 8,000

22,994

31.12.87(2) SF'OOO

606,618 7,825 5,905 1,920

120SF 489SF 8.000

123,920

Board of Directors: Alex Krauer (Prasident und Delegierter), Henri Schramek (Vizeprasident), Prof Dr Max M Burger, Kaspar V Cassani, Dr Franz Galliker, Rainer E Gut, Dr Fritz Leutwiler, Dr h.c. Erhard Mettler, Prof Dr Alex F Muller, Prof Dr Franc;:ois Schaller, Dr Helmut Sihler, Robert Staubli, Otto Sturzenegger, Prof Dr Hugo E R Uyterhoeven, Prof Dr Frank Vischer, Prof Dr Simon-Pierre Jacot (Sekretar)

Executive Committee: Dr Albert Bodmer (Vorsitzender), Dr Hansjorg Heiler, Heini Lippuner, Allan A S Rae, Dr Ralph Saemann, Dr Hans-Peter Schar, Dr Rudolf Schneiter, Gaudenz Staehlin. Dr Andreas Escher, (Beisitzer), Hans-Jiirg Held (Sekretar)

Heads of Divisions. Dr Hans Merten Gotz (Division Farbstoffe und Chemikalien), Jean Orsinger (Divison Pharma), Thomas W Parton (Division Agro), Dr Hans Bernhard Herzog (Division Kunststoffe und Additive)

PRINCIPAL ACTIVITIES: Manufacture of chemicals including agricultural chemicals, dyestuffs, photochemicals, pharmaceuticals. household products, plastics and additives

SWITZERLAND Subsidiary Companies: Argentina: Ciba-Geigy Argentina SAIC y

F. Australia: Ciba-Geigy Australia Ltd. Austria: Ciba-Geigy Gesellschaft mbH; Mettler Instrumente Gesellschaft mbH. Bangladesh: Ciba-Geigy (Bangladesh) Ltd. Belgium: SA CibaGeigy NV; Societe Anonyme HVL NV. Bermuda: Chemical Insurance Company Ltd. Bolivia: Ciba-Geigy Boliviana Ltda. Brazil: Ciba-Geigy Quimica SA; Ciba-Geigy da Bahia SA; Biogalenica Quimica e Farmaceutica Ltda; Industrias Quimicas Resende SA; Sociedade Agricola Germinal Ltda; Amafrutas SA. Canada: Ciba-Geigy Canada Ltd. Chile: Productos Quimicos Ciba-Geigy Ltda. China: Beijing Zhong Rui Ciba-Geigy Pharmaceuticals Company Ltd. Colombia: Ciba-Geigy Colombiana SA. Denmark: Ciba-Geigy A/S. Dominican Republic: Ciba-Geigy Caribe SA. Eduador: CibaGeigy Ecuatoriana SA. Egypt: Swisspharma SAE. Finland: Ciba-Geigy Oy. France: SA Ciba-Geigy; Laboratoires CibaGeigy SA; Ciba-Geigy SA; Etablissements Ciba-Geigy SA; Brochier SA; Sodiema SA; IIford SA; SA Gretag; Mettler Instruments SA; Societe Fran9aise de Participation "Insecticides" (SOFRAPIN). Germany: Ciba-Geigy GmbH; Chemische Fabrik Pfersee GmbH; Ciba-Geigy Marienberg GmbH; Ciba-Geigy Marienberg GmbH; Ciba-Geigy Holding Deutschland GmbH; Ciba-Geigy AG; Zyma GmbH; Mettler Instrumente GmbH; August Sauter GmbH; Titmus Eurocon Kontaktlinsen GmbH; Dr Christian Brunnengraber GmbH; GRETAG Elektronik GmbH; Med Fabrik chemischpharmazeutischer Praparate J Carl Pfluger GmbH & Co; Spectra-Physics; Ciba Vision Management GmbH. Greece: Ciba-Geigy Hellas SA. Guatemala: Ciba-Geigy SA (America Central y Caribe). Hong Kong: Ciba-Geigy (Hong Kong) Ltd. India: Hindustan Ciba-Geigy Ltd; Cibatul Ltd. Indonesia: PT Ciba-Geigy Pharma Indonesia. Iran: Ciba-Geigy Iran Ltd. Irish Republic: Ciba-Geigy Ireland Ltd. Italy: Ciba-Geigy SpA; IIford Photo SpA; Zyma SpA; Gretag San Marco SpA; Mettler Strumenti srI. Ivory Coast: Sochim Cote d'ivoire SA. Japan: Ciba-Geigy (Japan) Ltd; Asahi-Ciba Ltd; Asahi Cbmposites Corporation; Musashino-Geigy Co Ltd; Nagase-Ciba Ltd; Nippon Alkyl Phenol Co Ltd. Kenya: Kenya Swiss Chemical Company Ltd. South Korea: Daihan Swiss Chemical Corporation; Han-Su Pharmaceutical Co Ltd. Lebanon: CibaGeigy Middle East SAL Liechtenstein: Hilti-Ciba-Geigy AG. Malaysia: Ciba-Geigy (Malaysia) Sdn Bdh. Mexico: Ciba-Geigy Mexicana SA de CV; Productora Quimica de Jalisco SA de CV; Atoquim SA de CV. Morocco: Societe Maroco-Suisse pour l'lndustrie Chimique SA "SOMACHIM". Netherlands: Ciba-Geigy BV; Ciba-Giegy International Asia BV; Ciba-Geigy International Nederland BV; Ligtermoet Chemie BV; CibaGeigy Ten Horn BV; Mettler Instrumenten BV. Netherlands Antilles: Ciba-Geigy Overseas Finance NV. New Zealand: Ciba-Geigy New Zealand Ltd. Nigeria: Swiss Nigerian Chemical Company Ltd. Norway: Ciba-Geigy A/S. Pakistan: Ciba-Geigy (Pakistan) Ltd. Panama: Ciba-Geigy Sociedad Anonima de Venta y Distribucion. Peru: Farnac SA. Philippines: Ciba-Geigy (Philippines) Inc. Portugal: Ciba-Geigy Portuguesa Lda; INAC Industria Nacional de Produtos Quimicos Lda; Laboratorio Normal-Produtos Farmaceuticos Lda. Singapore: Ciba-Geigy SE Asia (Pte) Ltd; Ciba-Geigy International Asia BV (Singapore Branch). South Africa: CibaGeigy (Pty) Ltd. Spain: Ciba-Geigy SA; Industrias Quimicas de Navarra SA; Laboratorio Padro SA; Maices Hibridos y Semillas SA. Sweden: Ciba-Geigy AB; Ciba-Geigy Lakemedel AB. Switzerland: Ciba-Geigy International Ltd; Ciba-Geigy Ltd , Werk Stein; Ciba-Geigy Ltd, Centre de recherches agricoles; Ciba-Geigy Usine de Monthey; Ciba-Geigy Werke Kaisten AG; Ciba-Geigy Werke Schweizerhalle AG; Ciba-Geigy Munchwilen AG; Ciba-Geigy Sales and Distribution Co Ltd; Ciba-Geigy Services Ltd; Ciba-Geigy Trading and Marketing Services Co Ltd; Compagnie des Forces Motrices d'Orsieres; Gretag Ltd; IIford AG; Mettler Instrumente AG; Zyma SA; Servipharm Ltd; Fluka AG Chemische Fabrik; Pro Rheno AG; Pro Rheno Betriebs AG; Hommel SA; Dispersa AG; Ingold Messtechnik AG; Ciba Vision Holding. Taiwan: Asia Pacific Resin Corporation; Ciba-Geigy (Taiwan) Ltd. Thailand: Ciba-Geigy (Thailand) Ltd; Mulpro Ltd. Turkey: Ciba-Geigy lIac ve Kimya

208

Urunleri Sanayii ve Ticaret AS. UK: Ciba-Geigy PLC; CibaGeigy (Financial Services) PLC; Ciba-Geigy Chemicals Ltd; IIford Ltd; The Clayton Aniline Company Ltd; Gretag Ltd; Mettler Instruments Ltd. Uruguay: Ciba-Geigy Uruguaya SA. USA: Ciba-Geigy Corporation; Ciba Vision Corp; Ciba Corning Diagnostics Corp; Gretag Systems; IIford Photo Inc; Mettler Instrument Corp; Spectra-Physics Inc; Geneva Generics Inc; Furane Products; The Biocine Company. Venezuela: Productos Ciba-Geigy SA; Covigal SA. Zaire: Societe Za'iroSuisse de Produits Chimiques SARL. Zimbabwe: Ciba-Geigy Sales and Distribution Co Ltd


Group sales turnover Group operating profit Dividends Dividends per share* Earnings per share* Share capital PC Capital Group equity *and per participation

certificate (PC)

No of Employees: 86,109 group

CILAG LTD

31.12.86 SF'OOO

15,955,000 1,161 ,000

203,800 38.00SF

216.45SF 426,100 110,300

14,041,000

Hochstrasse 201-209, CH 8201 Schaffhausen Tel: (053) 82 91 11 Cable: cilag Telex: 896033 cil ch Telefax: (053) 82 94 44

31 .12.87 SF'OOO

15,764,000 1,100,000

203,800 38.00SF

205.05SF 426,100 110,300

14,188,000

Management Board: Dr H U Balthasar (Chairman), Dr A Pestalozzi, B van Deun, P T Tattle, Dr R Furter

Senior Executives: F StaUb, Dr P Weiss, Dr K Boughton, Dr E Hammer, R Niederer, R Werner, P Hagmann

PRINCIPAL ACTIVITIES: Manufacture of chemicals, speciality chemicals and pharmaceuticals

Parent Company: Johnson & Johnson, New Brunswick, USA Principal Bankers: Swiss Bank Corporation; Union Bank of

Switzerland Financial Information:

Sales turnover


DOLDER AG Immengasse 9, CH-4004 Basel Tel: (061) 58 66 00 Cable: dolderag Basel Telex: 962306 Telefax: 58 62 04

President: Dr Fred Dolder

1987 SF'OOO

140,000

Directors: Dr Hansjbrg Dolder, Rene Wachter, Dr Andreas Heuss

Senior Executives: R Wachter (Abteilungsleiter Pharma), Dr H Haefeli (stellv. Abteilungsleiter Pharma), P Straehl (Abteilungsleiter Pharma), T Berchtold (Einkaufsdirketor Pharma), H Claessen (Verkaufsleiter Gummi-u. Verpackungsindustrie), P Heusser (Verkaufsleiter Kunststoffindustrie), R Ruflin (Verkaufsleiter Textilindustrie), P J Schlapbach (Verkaufsleiter Lack-und Farbenindustrie)

PRINCIPAL ACTIVITIES: Trade in chemicals in Switzerland and pharmaceutical raw materials worldwide

Parent Company: Dolder Holding AG Subsidiary Companies: Dolder GmbH (Austria); Dolder France

Sari (France) Principal Bankers: Schweiz, Bankverein; Schweiz, Kreditanstalt;

Schweiz, Bankgesellschaft


Sales turnover Shareholders funds 'over


DOW (EUROPE) SA 8810 Horgen Tel: (01) 728 21 11

Telex: 826940

1986 SF'OOO

100,000' 3,600

FacsimilejTelecopier: (01) 728 2935; 2938

President: Andrew Butler

1987 SF'OOO

100,000' 3,600

Executive Vice-Presidents: Jack Helfenstein, Denis Wilcock, Dick Fieler

PRINCIPAL ACTIVITIES: Manufacture of a wide range of products in the areas of chemicals, plastics, metals, agricultural and consumer products and pharmaceuticals

Parent Company: The Dow Chemical Company, Midland, Michigan, USA


Sales turnover-Europe' Operating income 'Sales to unaffiliated

customers

1986 US$'OOO

3,357,000 412,000

No of Employees: 13,100 Europe, 53,100 worldwide

DR R MAAG LTD See MAAG, DR R, L TO

1987 US$'OOO

4,307,000 717,000

DU PONT DE NEMOURS INTERNATIONAL SA 50-52 route des Acacias, CH 1211 Geneva 24 Tel: (022) 37 81 11 Cable: Dupontint Geneva Telex: 422512 dup ch Telefax: (022) 37 91 09

Board of Directors: R v d Luft (Chairman)

PRINCIPAL ACTIVITIES: Chemical products and their derivatives: industrial and textile fibres, elastomers, plastic resins and films, crop protection products, graphic arts and xray photographiC films, industrial chemicals, electronic materials, biomedical products, laboratory instruments

Parent Company: E I du Pont de Nemours & Co (Inc), Wilmington, Delaware, USA (100%)


EMS-CHEMIE HOLDING AG Selnaustrasse 16, PO Box, CH-8039 ZOrich Tel: (01) 201 54 11 Cable: Emschemie ZOrich Telex: 815312 EMS CH; 815611 EMS CH Telefax: (01) 201 01 55

Board of Directors: Dr Christoph Blocher (Chairman and Chief Executive Officer), Dr Werner Fuchs (Vice Chairman), Rudolf Blocher, Dr Ulrich Gadient, Karl Janjori, Dr Max Kopp, Max KOhne, Mrs E Oswald-Matthys, Urs Scherrer

Management Board: Dr Ch Blocher (Chief Executive Officer), Dr Werner Fuchs, Rudolf Blocher

PRINCIPAL ACTIVITIES: Manufacture and marketing of chemicals, engineering plastics, synthetic fibres for technical and textile applications, electric igniters and ignition systems; supplier of adhesive systems, sealants and underbody coatings; production of hydro-electric power; planning, design and construction of industrial plant; manufacture of organic intermediates and custom synthesis

209

SWITZERLAND Subsidiary/Associated Companies: (100% owned unless stated):

Ems-Chemie AG (99.98%); Ems-Inventa AG; Ems-Inventa Anlagenbau GmbH; Ems-Grilon Holding Inc (95.87%) (USA); Zur SchanzenbrOcke AG (3%); Patvag Kraftwerke AG; Patvag Technik AG; Patvag Architektur AG; Kraftwerke Reichenau AG (75%); Kraftwerke Frisal AG (80.60%); Geveral SA; EmsTogo-Holding AG; Schweizerische Sprengstoff-Fabrik; Dr lIIing GmbH & Co KG (73.9%)

Principal Bankers: UBS; CS; SBC Financial Information:

Group sales turnover Retained profit Dividends per IA share Dividends per NA share AK capital Participation cert capital Shareholders equity

Principal Shareflolders: Dr Ch Blocher No of Employees: 2,327

FIRMENICH SA

1986/87 SF'OOO

517,400 10,517

50SF 10SF

85,700 10,000

147,900

Route des Jeunes 1, Case postale 239, 1211 Geneve 8 Tel: (022) 42 42 00 Cable: firmenico geneve Telex: 423181 fico ch Telefax: (022) 43 73 22

1987/88 SF'OOO

591,612 11,435

55SF 11SF

104,840 10,000

170,100

Management Board: F-H Firmenich (Prasident), P-Y Firmenich , G Ohloff, R Helg, A Hunziker, P Van Houten, J P Linder, R Ensor, M Baenninger, G Maurice, J van Berchem

PRINCIPAL ACTIVITIES: Manufacture of chemicals including flavourings, perfumes and raw materials for the manufacture of synthetics

Principal Bankers: UBS

Shareholders: Firmenich Family No of Employees: 900 (2,000 worldwide)

FISCHER, GEORG, AG SCHAFFHAUSEN Muhlentalstr. 105, CH-8201 Schaffhausen Tel: (053) 81 11 11 Cable: Geofischer Telex: 89707013 gf ch Telefax: (053) 25 57 38

Board of Directors. 'Dipl.-Ing. Berthold Saemann (Schaffhausen , Chairman), 'Ulrich Bremi (Zollikon, Deputy Chairman), 'Dr. Ing. chem. Hannes Goetz (Schaffhausen, Delegate), Kurt Bolliger (Boll), Dr. iur. Francis Christe (Aesch), Dr. Arthur Fuerer (Chardonne), Robert A Jeker (Bottmingen), Dr. iur. Ernst Steiner (Schaffhausen), Prof. Dr. Hans Thomann (Weiningen), 'Dr lur. Gustav Tobler (St. Gallen), Dr. phil. Ernst Vischer (Basel), 'Members of the Board Committee

Group Management: Dr ing. chem. Hannes Goetz (President), Dipl.-Ing. Jurg Anderegg , Dipl.-Ing. Herbert E Wickli, Dr oec. Ernst Hofmann, Dipl.-Ing. lic. jur. Martin Huber, Lic.oec. Willy Hoerni, Ing. Anton Alt

Senior Executives: Lic.oec. Rene E Baumann, Dr. sC.techn. Hans Baumgartner, Paul Engelmann, Ernst Gretler, Dr. Ing. Karl Gut, Dr. sC.techn. Adolf Jacob, Dr. techno Hanns C Pladerer, Ing. Georg Krause, Dipl.-Ing. WOlfgang A Matejka, Dr. sc. techno Robert Pfeiffer, Dr. jur. Hans Peter Ricci, Franz A Ruegg, Dipl.-Ing. Rainer Sigrist, Manfred Weigele, Urs Werner

PRINCIPAL ACTIVITIES: Foundries, piping systems, manufacturing technology, plant engineering and construction

Trade Names: TRILEX, MONOLEX, INSTAFLEX, +GF+, STEMU, ELGEF, WAGA, PRIMOFIT

Subsidiary/Associated Companies: (100% owned unless stated): Switzerland: Georg Fischer AG; Georg Fischer Finanz AG: Georg Fischer Immobilien AG: Georg Fischer Risk Management AG (94%): Infag AG: Rhenum Metall AG; Georg

SWITZERLAND Fischer Plastik AG; Charmilles Technologies AG (51%); Georg Fischer AG Brugg; Wohnbaugesellschaft Bodenacker AG; BUSS AG (59%); OWL AG Logistik-Systeme; Mator AG. Austria: Gebr. Grundmann GesmbH (63%). Denmark: +GF+ Aktieselskab. France: Georges Fischer SA; Charmilles Technologies (France) SA; BUSS (France) SARL; Automatisme et Stockage SA. Germany: Georg Fischer AG; Georg Fischer Beteiligungs-GmbH; Georg Fischer GmbH; Dingler, Karcher & Cie GmbH; BW-Weber Verwaltungs-und Geschaftsfuhrungs-GmbH; Burkhardt+Weber GmbH & Co KG (63%); Burkhardt GmbH; Charmilles Deutschland Maschinenbau-GmbH; Waeschle Maschinenfabrik GmbH; BUSS-SMS GmbH (95%); Maschinenfabrik Petzholdt GmbH; Heine Zentrifugen GmbH. UK: George Fischer (Lincoln) Ltd; George Fischer (Great Britain) Ltd; George Fischer Castings Ltd; George Fischer Sales Ltd; George Fischer Plastics Ltd; Le Bas Tube Co Ltd (75%); BUSS (UK) Ltd. Italy: Giorgio Fischer SpA; Tufira SRL (99%); TIL Termoplastici Industria Ligure SpA; BUSS (Italia) SRL (99%). Japan: Kubota George Fischer Ltd (50%); Nissin Machine Co Ltd (33%); George Fischer Japan Ltd (99%); BUSS (Japan) Ltd. Korea: Project & Process Engineering Corp (36%). Netherlands: Georg Fischer NV. Norway: +GF+ Norge AS. Saudi Arabia: Arabian Plastic Manufacturing Company (26%). Sweden: Georg Fischer Aktiebolag (90%); BUSS-Waeschle Processteknik AB. USA: Georges Fischer Corp; +GF+ Plastic Systems Inc; George Fischer-Bohle Machine Tools Corp; Charmilles Technologies Corp; George Fischer Foundry Systems Inc (99%); BUSSCondux Inc (97%)

Principal Bankers: Schweizerische Bankgesellschaft; Schweizerischer Bankverein; Schweizerische Kreditanstalt


Sales turnover Profit before tax Profit after tax Dividends Dividends per share(1) Dividends per share(2) Earnings per share Share capital Shareholders equity (1) bearer share (2) registered share or

participation certificate


31.12.86 SF'OOO

1,973,000 94,000 37,000 11,893 30.0SF

6.0SF 18.0SF

202,000 651,000

31.12.87 SF'OOO

2,093,000 90,000 39,000 14,741 33.0SF

6.6SF 17.0SF

223,000 688,000

GEORG FISCHER AG SCHAFFHAUSEN See FISCHER, GEORG, AG SCHAFFHAUSEN

GIVAUDAN, L, & CIE SA 5 Chemin de la Parfumerie, 1214 Vernier/Geneve Tel: (022) 83.91.11 Cable: GIVAUDANCO Telex: 41 88 00 agiv ch Telefax: (022) 83.91.50

Management Committee: C E Barrelet (President and Chief Executive Officer), H Abderhalden (Flavour Marketing), A M C Culliford (Secretary General), E A Cyr (Fragrance Marketing), A Hoessly (Finance), P M Muller (Research and Development), N Rigassi (Technology), W Schneider (Logistics)

PRINCIPAL ACTIVITIES: Fragrance and flavour compositions and aroma and specialty chemicals for the perfumery, cosmetic, soap and detergent and food industries

Parent Company: F Hoffmann-La Roche & Cie SA Subsidiary Companies: Givaudan South Africa (Pty) Ltd (South

Africa); Givaudan GmbH (Germany); Givaudan Argentina SAI.C. (Argentina); Givaudan Pty Ltd (Australia); Givaudan do Brasil Ltda (Brazil); Givaudan Limited-Givaudan Limitee (Canada); Givaudan SA (Colombia); Givaudan Iberica SA

210

(Spain); Givaudan France Sari (France); Givaudan & Co Ltd (UK); Givaudan Far East (Hong Kong); Givaudan SpA (Italy); Givaudan KK (Japan); Givaudan de Mexico SA de CV (Mexico); Givaudan Dubendorf SA (Switzerland); Givaudan Societe de Recherches SA (Switzerland); Givaudan Corporation (USA); Givaudan Products (N.Z.) Ltd (New Zealand); Givaudan (Thailand) Company Ltd (Thailand)




GURIT -HEBERLEIN AG CH-9630 Wattwil Tel: 074/6 11 11 Cable: gurit-heberlein wattwil Telex: 884111 gheb ch

Group President: Dr Walter Kanel

1986 SF'OOO

740,000 6,000

1987 SF'OOO

720,000 6,000

Board of Directors: R Heberlein (Prasident), Dr W Kanel (Delegierter), R Blattmann, H Huber, M Suter, Dr G Tobler

PRINCIPAL ACTIVITIES: Holding company with interests in chemicals and textiles

Group Companies: Gurit-Worbla AG; IMS Kunststoff AG; IMS Kunststoffges. mbH (Austria) Gurit-Essex AG; Gurit-Metzeler AG; Coltene AG; Coltene Inc (USA); Heberlein Holding AG; Arova Rorschach AG; Swiss Metrosene Inc (USA); Arova Schaffhausen AG; Heberlein & Co AG; Heberlein Textildruck AG; Heberlein Maschinenfabrick AG; Hepatex AG; Heberlein Hispano SA (Spain); Heberlein GmbH (Germany); Heberlein Sulamericana Ltda (Brazil)

Principal Bankers: SBG; SBV Financial Information:



HENKEL & CIE AG Hardstrasse 55, CH-4133 Pratteln 1 Tel: (061) 825 01 11 Telex: 962053 henk ch Telefax: (061) 825 04 44

1987 SF'OOO

288,000 23,100

Supervisory Board: Dr L von Planta (Prasident), Dr U Specht Management Board: Dr H J Gadient (Direktor), H Reutebuch

(stv Direktor), H Eugster, Dr D Neef, HAmmann

PRINCIPAL ACTIVITIES: Manufacture and wholesale trade in chemicals for a wide range of applications including soaps and cosmetics


Sales turnover


SF'OOO 127,000

HOFFMANN-LA ROCHE & CO AG (F) See ROCHE, HOFFMANN-LA, & CO AG (F)

ICI (SWITZERLAND) AG Bleicherweg 33, CH-8039 Zurich Tel: (01) 202 50 91 Cable: impkemix zurich Telex: 52 573 iciz ch

Management Board: J P Muller, M Metraux, P E Muller, W Brasche

PRINCIPAL ACTIVITIES: Manufacture of chemicals, dyes, plastics and synthetic fibres


Sales turnover


KUNDlG, W, & CIE AG

1987 SF'OOO

210,000

Stampfenbachstrasse 38, Postfach 6784, CH-8023 Zurich 1 Tel: (01) 361 61 44 Cable: cereal Telex: 815855 wku ch Telefax: (01) 362 84 14

Supervisory Board: F Tobler (Prasident und Delegierter), R Kundig, Beat Willy Kundig, Dr W Schneebeli, Dr J Scherrer

Management Board: B W Kundig, R Portmann, K Rohner, J C Tenger, W Huber, 0 Bosson, H Unternahrer

Senior Executives: F Tobler

PRINCIPAL ACTIVITIES: Wholesale trade in food products, including frozen food, animal feeds and agricultural chemicals and fertilizers

Trade Names: MICROFINA, HUDSON, Carina, Tiramin, Viana, Viana Extra

SubSidiary Companies: Kommerz und Privat Clearing Principal Bankers: SBG, SBV, Leu, SKA, SVB, ZKB Zurich

No of Employees: 20

L GIVAUDAN & CIE SA See GIVAUDAN, L, & CIE SA

LANDVERBAND Verband Landw Genossenschaften des Kanton St Gallen und Genachbarter Gebiete Neumarkt 3, Postfach 1092, 9001 St Gallen Tel: (071) 20 71 21 Cable: Landverband sanktgallen Telex: 77121 Ivsg ch

Supervisory Board: 0 Stadler, H Reich, P Zahner, H B Barlocher, E Ammann, J Ritz, A Cavigelli, J Fassler, B Schildknecht, K Elmer, J Kalberer, J Lusti, F Brulisauer

Managment Board: Dr Muller, H Reich, E Ammann, F Brulisauer, J Weibel, H Zahner, E Zach

Senior Executives: H Zahner, J Weibel, H Daepp, E Zach

PRINCIPAL ACTIVITIES: Wholesale trade in agricultural products including, grain, fodder, fertilisers, fruit and vegetables

Principal Bankers: St Gallische Kantonalbank Financial Information:



LONZA AG

31.12.86 SF'OOO

213,800 880

Munchensteiner 38, PO Box, CH-4002 Basle Tel: (061) 51 81 11 Cable: lonza basel Telex: 965960 Ion ch Telefax: (061) 51 87 33

31.12.87 SF'OOO

193,000 900

Board of Directors: Dr H Jucker (Chairman), Dr I Gerster (Chief Executive Officer), Dr F Galliker, Hermann J M Haerri, Prof Dr Dieter Seebach, Prof Dr L Venanzi

Executive Committee: Dr I Gerster (Senior Vice President and Chief Executive Officer), Dr E Thalmann (Senior Vice President, Executive Vice President), Dr Peter Kalantzis (Executive Vice President)

Senior Executives: Staffs: Fritz Blaser (Vice President, Administration). Divisions:- Dr Marcel Buhlmann (Senior Vice President, Inorganic Chemicals), Dr Gerhard Schreiner (Senior

211

SWITZERLAND Vice President, Organic and Agrochemicals), Paul Haas (Senior Vice PreSident, Plastics)

PRINCIPAL ACTIVITIES: Manufacture of chemicals including industrial chemicals, agrochemicals, speciality chemicals , plastics; interests in electricity supply

Parent Company: Alusuisse AG, Zurich, Switzerland Subsidiary/Associated Companies: (100% owned unless stated):

AIREX AG; Gotthardwerke AG; Aletsch AG (71%); Electricite de la Lienne SA (20%); Kraftwerk Ganterbach-Saltina AG (50%); Kraftwerk Lotschen AG (50%); Kraftwerk Mattmark AG (10%); Kraftwerk Merezenbach AG (50%); Salanfe SA (50%); Gaznat SA (7%); Gazoduc SA (15%); Aqua-Guard Pty of Australia (Australia); LONZA France Sari (98%) (France); LONZA (UK) Ltd (UK); ALUSUISSE Deutschland GmbH inc! Martinswerk GmbH (20%); LONZA-Werke GmbH (Germany); Kraftwerk Reckingen AG (50%) (Germany); LONZA Japan Ltd (Japan); GEMA SA (49%) (Spain); LONZA Iberica SA (Spain); ALUSUISSE Italia SpA incl Divisione Chimica (35%) (Italy); Molding Compounds Sri (Italy); LONZA Italia SpA (Italy); Interquimica Reka SA (20%) (Mexico); LONZA Benelux BV (Netherlands); AOA-ALUSUISSE of America Inc incl LONZA Inc (22%) (USA); Bio-Lab Inc (USA); Chem-Tab Chemical Corp (USA); GL YCO Inc (USA); Bio-Guard Canada Ltd (Canada); Snim-Chem (USA)


Group sales turnover Sales turnover(1) Net profit(1) Dividends{ 1 ) Dividends per share net(2) Dividends per share net(3) Share capital(1) Shareholders equity(1) (1) Parent Company only (2) bearer shares (3) participation certificates

Principal Shareholders: Alusuisse Ltd No of Employees: 7,180 Group

MAAG, DR R, LTD CH-8107 Dielsdorf Tel: (01) 8551111 Cable: agromaag zurich Telex: 826415 maagd ch Telefax: (01) 853 13 32

31.12.86 SF'OOO

1,638,085 624,239 23,125 18,750

75SF 75SF

125,000 270,000

31.12.87 SF'OOO

1,560,100 610,577

24,710 18,750

75SF 75SF

125,000 287,000

Supervisory Board: F Gerber (President), Dr 0 E Hbchli, Dr A Leuenberger

Management Board: Dr E Homberger, Dr P Muller (Production and Technical Director), Dr G Huppi (Research and Development Director), H Bossart (Administration and Finance Director), Dr R Knoblauch (Sales and Marketing Director)

PRINCIPAL ACTIVITIES: Manufacture of pesticides Trade Names: CORBEL, LOGIC, INSEGAR, ATRINAL, RONDO,

DORADO Parent Company: F Hoffmann-La Roche & Co AG Subsidiary Companies: La Quinoleine (France); Maag

Agrochemicals Inc (USA) Financial Information:

Sales turnover


MBT HOLDING AG Vulkanstrasse 110, CH-8048 Zurich Tel: (01) 432 22 11 Cable: meyco Zurich Telex: 822188 mey ch Telefax: (01) 432 72 20

1986 SF'OOO

257,000

1987 SF'OOO

247,000

SWITZERLAND Board of Directors: Dr F Crespi (Vice Chairman), A Jetzer, F

Maurhofer (Managing Director), Dr R W Schweizer (Chairman)

Management Board MBT International: J P Boyer, M Corradi, B Kissling, F Maurhofer (Chief Executive Officer), M Riggenbach, H Staub (Chief Operating Officer)

Senior Executives: T Erb, F Maurhofer, E Parker

PRINCIPAL ACTIVITIES: Construction chemicals; master builders technologies

Trade Names: Anviltop, Barra, Emaco, Embeco, Masterflow, Masterplate, Pozzolith, Rheobuild, Rival

Parent Company: Sandoz AG, Basel

Subsidiary Companies: Meynadier AG; Master Builders SA (Belgium); MBT Ltd (UK); Meynadier-TIB SA (France); Halesa-MBT SAE (Spain); MBT Lda (Portugal); MBT Scandinavia (Sweden); ()sterreichische Meynadier GmbH (Austria); Embecon Pty Ltd (South Africa); Isotech AG; Isotech GmbH (Germany); Ceilcote GmbH (Germany); MAC SpA (Italy); MAC Beton Hellas SA (Greece); Master Builders Inc (USA); Nisso Master Builders Co Ltd (Japan)

Principal Bankers: Credit Swiss; Swiss Bank Corporation; Union Bank of Switzerland

Principal Shareholders: Sandoz AG, Basel


MERCK AG Gotthardstrasse 20, CH-6304 Zug

Tel: (042) 21 7460

Cable: merckhold zug

Telex: 868 942 meho ch

Telefax: (042) 21 00 43

Administrative Board: Prof Dr H J Langmann (Prasident), Dr Alfred Weber (Vizeprasident), Sieghart von Arnim, Hans Heckmann, Wolfgang Henn, Markus Kundig, Dr Heinrich Muller, Max Ruegger, Dieter Syz

Management: Dietrich Ruh, Dieter 0 Schuldt, E Reiber

Senior Executives: Wolfram Gottschalk, Siegfried Ruf

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals, fine chemicals, industrial chemicals, pigments, reagents and diagnostics

Subsidiary Companies: Europe:- Belgium: Merck-Belgolabo NVSA. Denmark: Merck Danmark AlS. Finland: Merck Oy. France: Lab Meck-Clevenot SA. UK: Merck Holding Ltd; E Merck Ltd; BDH Ltd. Italy: Bracco Industria Chimica SpA; BDH Italia SrI. Luxembourg: Merck-Finanz AG. Netherlands: E Merck Nederland BV. Norway: Merck AlS. Austria: AustroMerck Ges.mbH; Arcana Chem.-pharm. Fabrik Ges.mbH. Portugal: Merck Portuguesa Lda. Sweden: E Merck AB. Switzerland: E Merck (Schweiz) AG. Spain: Igoda SA; Merck Quimica SA; Probus SA. North America:- Canada: BDH Inc. USA: EM Industries Inc; EM Pharmaceutical Inc. Latin America:- Argentina: Merck Quimica Argentina S.A.I.C. Brazil: Quimitra SA; Merck SA; MB Bioquimica Ltda; Merck Maranhao SA; Vegetex Ltda; Quimica Asca Ltda. Chile: Merck Quimica Chilena Soc Ltda. Dominican Republic: Merck Dominicana SA. Equador: Merck Ecuador CA. Guatemala: Merck Centroamericana SA. Colombia: Merck Colombia SA. Mexico: Merck-Mexico SA; Requimex SA de CV. Peru: Merck Peruana SA; Laboratorios Cipa SA. EI Salvador: Merck EI Salvador SA. Venezuela: Merck SA. Asia:-Indonesia: P.T.Merck Indonesia. Japan: Merck Japan Ltd; Kanto Kagaku K.K. Philippines: Merck Inc. Other Countries:- Australia: E Merck Pty Ltd; BDH Chemicals Australia Pty Ltd. New Zealand: BDH Chemicals New Zealand Ltd. Nigeria: Farmex Ltd. South Africa: E Merck (South Africa) (Pty) Ltd

Principal Bankers: SBG

212


World sales turnover Sales turnover Operating profit Profit after tax Retained profit(l) Dividends(l ) Dividends per share(l )(2) Dividents per share(l )(3) Earnings per share(l) Share capital(l) Shareholders equity (1) Merck AG (2) Bearer Preference shares (3) Registered shares

31.12.86 SF'OOO

1,451,800 1,209,900

214,200 81,600 23,500 21,400

14SF 6SF

7.81SF 300,000 698,600

Principal Shareholders: Von Glenck & Cie, Altdorf No of Employees: 9,700

MEYHALL CHEMICAL AG Postfach 862, CH-8280 Kreuzlingen Tel: (072) 74 75 76 Cable: meyhall kreuzlingen Telex: 882 222 mhal ch

31.12.87 SFOOO

1,472,300 1,176,127

240,700 98,300 40,700 39,700

17SF 13SF 13SF

300,000 726,000

Management Board: H U Behi, E F Ebner, Dr 0 Etter, Dr U Wyss

PRINCIPAL ACTIVITIES: Manufacture of a range of chemical products, including chemicals for the food, textile and paper industries; manufacture of resins


Sales turnover


MONTE DISON (SUISSE) SA Baarerstrasse 22, 6304 Zug Tel: (042) 22 55 11 Cable: montedis Telex: B6B 741 mes ch Telefax: (042) 21 02 81

1987 SFOOO

135,000

Supervisory Board: Urs Schwyter (Prasident), Dr Piero Romano (Delegierter), Romain Busslinger

Management Board: Dr P Romano (Managing Director)

PRINCIPAL ACTIVITIES: Sale of chemical products including fertilizers; sale of plastic products

Parent Company: Montedison SpA, Milan, Italy Principal Bankers: SBV; SKA Financial Information:

Sales turnover

No of Employees: 90

OERLIKON-BUHRLE HOLDING AG Hofwiesenstrasse 135, 8021 Zurich Tel: (01) 363 40 60 Cable: buhrleholding zurich Telex: 59274 obh ch Telefax: (01) 363 72 60

SFOOO 140,000

Corporate Management: Michael Funk (Chief Executive Officer) Board of Directors: Dr Dietrich BOhrle (Zumikon, Chairman),

Philippe de Weck (Matran, Vice Chairman), Hortense AndaBuhrle (Zurich), Rudolf Reichling (Stafa), Professor Edwin Ruhli (Auslikon)

Managers: Dr Emil Blattler, Hans Dietz, Dr Herbert Menzi, Alfred M Niederer, Dr Otto Sager, Nik Schliep, Dr Fritz Strohmeier, Dr Ernst Winkler, Dr G J Zinsmeister. Assistant Managers: Dr Beat Baumgartner, Erwin Bucklar, Dr Hans Bunschi, Josef Hackl, Dr Hans-Peter Landerer, Dr Willy

Schenkel, Bruno Schmid, Bruno Stalder, Dr Hans-Peter Walker

PRINCIPAL ACTIVITIES: Holding company whose interests include military equipment including ground anti-aircraft systems; weapon systems for vehicles, aircraft and the navy; "Adats" anti-aircraft and anti-tank guided missiles; fire control systems for anti-aircraft and field antillery; satellite assemblies; electronic components; measuring and medical systems; welding equipment; machine tools; textiles including natural and synthetic fibres, yarns and fabrics; footwear and fashion accessories; adhesives, rubber, tannery and chemical products; high vacuum products; thin films; aircraft; real estate; hotels; insurance

Subsidiary Companies: (Majority holdings only): Military Products Division: Machine Tool Works Oerlikon-Buhrle Ltd; Oerlikon Singapore Pte Ltd (Singapore); Olkon Handelsgesellschaft fUr Metallprodukte mbH (Germany); Oerlikon Italiana SlpA (Italy); Montaggi e Collaudi SpA (Italy); Oerlikon Aerospace Inc (Canada). Contraves Division: Contraves AG; Contraves Italiana SpA (Italy); Contraves GmbH (Germany); Contraves Goerz Corporation (USA); Contraves Antriebstechnik AG; Contraves Industrial Products Ltd (UK); Prodotti Industriali Contraves SpA (Italy); Codix KK (Japan); Contraves Advanced Devices (Malaysia); Ingegneria Sistemi Elaborazione (Italy); Contraves Medical Instruments Inc (USA). Machines Division: Press-& Stanzwerk AG; Societe Mecanique de Florange (France); Universal Giunti SpA (Italy); Oerlikon Motch Corporation (USA); Advanced Technic Inc (USA). Welding Division: Welding Industries Oerlikon Buhrle Ltd; Oerlikon Soudometal BV (Netherlands); Arc Machines Inc (USA); Oerlikon Schweisstechnik GmbH (Germany); Soudometal SA (Belgium); Soudometal UK Ltd (UK); Holding Intercito SA (Panama); Europaische Holding Intercito AG; Fontargen AG; Fontargen GmbH (Germany); Oerlikon Welding Skandinavien A/S (Denmark); Oerlikon-Soudure France Sari (France); Soudometal Schweisselektroden GmbH (Germany); Oerlikon Electrodes (South Africa) (Pty) Ltd (South Africa); Fontargen SpA (Italy). Balzers Division: Balzers Limited (Liechtenstein); Balzers (USA); Balzers Optical Corporation (USA); Balzers Hochvakuum GmbH (Germany); Balzers SA (France); Balzers SpA (Italy); Balzers High Vacuum Ltd (UK); Balzers Hochvakuum AG; Nordiska Balzers AB (Sweden); Balzers Hochvakuum GesmbH (Austria); Deutsche Balzers GmbH (Germany); Balzers Union Ltd (Liechtenstein); SA Balzers NV (Belgium); Nihon Balzers KK (Japan); Balzers Metal-Lux SpA (Italy); Arthur Pfeiffer Vakuumtechnik Wetzlar GmbH (Germany). Bally Division: Bally International Ltd; Bally Gesellschaft mbH (Austria); Bally Schoen handel BV (Netherlands); Commerce de Chaussures Jacques Biver SECS (Luxembourg); SA Cortume Carioca (Brazil); SA La Tourelle St-Franr,:ois; Bally Schuhfabriken AG; Bally Arola AG; Chaussures Bally-France SA (France); SA Hatte & Henry (France); Bally Group (UK) Limited (UK); Bally's Shoe Co Ltd (UK); Bally Deutschland GmbH (Germany); Bally Inc (USA); Bally Retail Inc (USA); E Braun & Co Gesellschaft mbH (Austria); SA Chaussures Bally Schoenen NV (Belgium); Bally Canada Inc (Canada); Bally do Brasil (Brazil); Societe Immobiliare Holgina Sari (France); Bally Les Accessoires SA; SI Grand Pont No 1; Calzaturificio Savoy SA; Au Chat Botte Sari (France); Bally's Shoe Factories (Norwich) Ltd (UK); Bally London Shoe Co Ltd (UK). Textiles Division: Kunz Spinning Mills Ltd; The Dietfurt Spinning and Weaving Co Ltd. Subdivision Aircraft: Pilatus Aircraft Ltd; Pilatus BrittenNorman Ltd (UK); CIBA-Pilatus Aerial Spraying Co Ltd. Subdivision Real Estate: Oerlikon-Buhrle Immobilien AG. Subdivision Hotels: Hotel Zurich AG; Hotel Storchen AG; Hotel Airport AG. Subdivision Limmat: Limmat Insurance Company; Limmat Insurance Company for Industry Ltd (Germany); Libera Consulting Actuaries; Rhine Reinsurance Company Ltd. Other Subsidiaries: Oerlikon-Buhrle USA Inc (USA); Olkon Corporation (USA); Oerlikon-Buhrle Rechenzentrum AG

213

SWITZERLAND Principal Bankers: Union Bank of Switzerland; Swiss Credit

Bank; Swiss Bank Corp; Industrie & Handelsbank Zurich AG Financial Information:

Sales turnover(1) (Loss) after tax(1) (Loss) per share(2) (Loss) per share(3) (Loss) per share(4) Share capital Share capital(5) Shareholders equity (1) Oerlikon-Buhrle Group (2) Bearer shares (3) Registered shares (4) PC shares (5) Participation Certificate

31.12.S6 SF'OOO

4,660,500 (S9,SOO)

(5S.45SF) (23.40SF) (23.40SF) 3S0,000 24,000

3,450,200

Principal Shareholders: Buhrle Family (over 40%) No of Employees: 29,915 group

ROCHE, HOFFMANN-LA, & CO AG (F) Grenzacherstrasse 124, 4002 Basel Tel: (061) 27 11 22 Telex: 62 292 roch ch

31.12.S7 SF'OOO

4,10S,000 (115,200) (74.65SF) (29.S5SF) (29.S5SF) 3S0,000 24,000

3,252,100

Board of Directors: Fritz Gerber (Chairman), Dr Raymond Probst (Vice-Chairman), Dr Andres F Leuenberger (Delegate to General Management), Dr Lukas Hoffmann, Prof Alexis Labhart, Dr Jakob Oeri, Dr h.c. Paul Sacher, Dr Beat A Sarasin, Dr Remigius Faesch (Secretary to the Board of Directors)

Group Management: Fritz Gerber (Chief Executive Officer), Dr Andres F Leuenberger (Chief Operating Officer), Prof Jurgen Drews (ResearCh), Dr Henri B Meier (Finance, Accounting), Dr Guido Richterich (Personnel, Law, Communications), Dr Armin Kessler (Pharma), Dr Andre Futterknecht (Vitamins and Fine Chemicals), Dr Oskar E Hochli (Fragrances and Flavour, Instruments, Plant Protection), Dr Guido Zanetti (Diagnostics), Dr Markus Altwegg (Roche companies)

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals, diagnostic prOducts, medical supplies, vitamins, fine chemicals, agricultural chemicals, perfumes, flavourings, medical equipment

Subsidiary Companies: The Roche group comprises the countries of continental Europe, Scandinavia and the Mediterranean countries. The Sapac Corporation Ltd, is the holding company for the Roche companies in the remaining regions, including Great Britain, North and South America, Asia and Oceania as well as the central and southern parts of Africa. Switzerland: F Hoffmann-La Roche & Co Limited Company; Roche AG; Teranol AG; Laboratoires Sauter SA; L Givaudan & Co SA; Givaudan SA; Givaudan Dubendorf AG; Givaudan Research Company Ltd; Kontron Holding AG; Kontron Instruments AG; Kontron Electronic AG; Tegimenta AG; W+W electronic AG; Dr R Maag AG; Socar AG; Fluka AG. Argentina: Productos Roche SA, Quimica e Industrial; Givaudan Argentina S.A.I.C.; Colborn-Dawes Argentina S.A.I.C.y A; Roure SA. Australia: Roche Products Pty Ltd; Givaudan Pty Ltd; Colborn-Dawes Australia (Pty) Ltd. Austria: Hoffmann-La Roche Wien Ges.mbH; Kontron Instruments GmbH. Belgium: Produits Roche SA; SA Citrique Beige NV; COlborn-Dawes NV SA. Brazil: Produtos Roche Quimicos e Farmaceuticos SA; Givaudan do Brasil Ltda; Roure Ltda. Canada: Hoffmann-La Roche Ltd; Givaudan (Canada) Inc; Chile: Productos Farmoquimicos Roche Ltda. Colombia: Productos Roche SA; Givaudan SA. Costa Rica: ColbornDawes Centro America SA. Denmark: Roche A/S; Medi-Lab A/S. Dominican Republic: Productos Roche Dominicana SA. Ecuador: Ecuaroche, Productos Farmaceuticos y Quimicos SA. Egypt: Rovigypt Ltd. Finland: Roche Oy. France: Produits Roche SA; Kontron Instruments SA; Kontron Electronique Sari; Societe Chimique Roche Sari; Givaudan France Sari;

SWITZERLAND Roure SA; La Quinoleine et ses Derives SA. Germany: Hoffmann-La Roche AG; Kontron Instruments GmbH; Kontron Elektronik GmbH; Kontron GmbH; Givaudan GmbH; Roure GmbH; Colborn Additiva Produkte fUr Tiererniihrung GmbH. UK: Roche Products Ltd; Kontron Instruments Ltd; Kontron Electronics Ltd; Givaudan & Company Ltd; Roure Ltd; Colborn-Dawes Ltd; Colborn-Dawes Nutrition Ltd. Greece: Roche (Hellas) Pharmaceuticals SA. Guatemala: Productos Roche SA. Hong Kong: Roche Pharmaceuticals & Chemicals Ltd; Givaudan Far East Ltd; Roure Ltd. India: Roche Products Ltd. Indonesia: P T Roche Indonesia. Iran: Roche Pharmaceuticals Ltd. Eire: Roche Pharmaceuticals (Ireland) Ltd; Colborn-Dawes Ireland Ltd. Italy: Prodotti Roche SpA; Kontron Instruments SpA; Istituto delle Vitamine SpA; Givaudan SpA; Roure SpA. Japan: Nippon Roche KK; Kontron Instruments KK; Givaudan KK; Roure Co Ltd KK; Nihon Medi-Physics Company Ltd; Medicom Co Ltd; ColbornDawes Japan Ltd; Nutritec KK. Malaysia: Roche Malaysia Sdn.Bhd. Mexico: Productos Roche SA de CV; Roche Mexicana de Farmacos SA de CV; Givaudan de Mexico SA de CV; Roure SA de CV. Morocco: Produits Roche SA. Netherlands: Hoffmann-La Roche BV. New Zealand: Roche Products (New Zealand) Ltd; Givaudan Products (NZ) Ltd. Nigeria: Roche (Nigeria) Ltd. Norway: Roche Norge AlS. Pakistan: Roche Pakistan Ltd. Panama: Productos Roche Interamericana SA. Peru: Productos Roche Quimica Farmaceutica SA. Philippines: Roche (Philippines) Inc. Portugal: Roche Farmac9utica Quimica Ltda. Puerto Rico: Roche Products Inc. Singapore: Roche Singapore Pte Ltd. South Africa: Roche Products (Pty) Ltd; Givaudan South Africa (Pty) Ltd. South Korea: Roche Korea Company Ltd. Spain: Productos Roche SA; Kontron Instruments SA; Givaudan Iberica SA; Roure Bertrand Dupont SA; ColbornDawes Iberica SA. Sweden: Roche-Produkter AB; Kontron AB. Taiwan: Roche (Taiwan) Co Ltd. Thailand: Roche Thailand Ltd; Rovithai Ltd; Givaudan (Thailand) Co Ltd; Turkey: Roche Miistahzarlari Sanayi Anonim Sirketi; Roche Kimyasal Uriinler va Teknik Cihazlar Ltd Sirketi. Uruguay: Roche International Ltd; Sa pac Corporation Ltd. USA: Hoffmann-La Roche Inc; American Roche International Inc; Roche Holdings Inc; Medi-Physics Inc; Kontron Electronics Inc; Kontron Instruments Inc; Givaudan Corp; Roure Inc; Roche Biomedical Laboratories Inc; Maag Agrochemicals Inc. Venezuela: Productos Roche SA


Group sales turnover Group net income Dividends Dividends per share Earnings per share Capital stock Shareholders equity


SANDOZ LTD Postfach, CH-4002 Basel Tel: 061 24 11 11 Cable: SANDOZ Basel Telex: 96 50 50 72 Telefax: 061 24 86 04

30.9.86 SF'OOO

7,822,400 415,900 48,400 625SF

5.371SF 100

8,321,000

30.9.87 SF'OOO

7,704,900 482,000 48,400 660SF

6.224SF 100

8,703,500

Board of Directors: Dr Marc Moret (Chairman of the Board and Chief Executive Officer), Prof. Dr Hans Letsch (Vice Chairman of the Board), Prof. Dr Duilio Arigoni, Prof. Dr Peter Bockli, Dr Yves Dunant (Honorary Chairman of the Board), Fred-Henri Firmenich, Robert Louis Genillard, Dr Nicolas Gossweiler, Pierre Landolt, Louis Dominique de Meuron, Gian Pietro de Ry, Dr h.c. Hans Schaffner (Honorary Member of the Board), Heinz Schoffler, Dr Hans-Peter Sigg, Dr Jean Wander, Josef Zumstein

Executive Board: Dr Marc Moret (President), Dr Hans-Peter Sigg (Vice President), Dr Urs Biirlocher (Central Corporate

214

Functions), Alexandre Jetzer (Finance), Dr Max Link (Pharmaceuticals; Region 1), Dr Ulrich Oppikofer (Parent Company Administration), Dr Pedro Reiser (Agro, seeds; Region 2), Dr Rolf W Schweizer (Chemicals; Region 3), Bruno Stalder (Nutrition), Dr Hans Winkler (Biochemie, Technology and Safety)

PRINCIPAL ACTIVITIES: Chemicals; pharmaceuticals; agrochemicals; seeds; food

Trade Names: Lanasyn, Drimarene, Foron, Foron RD, Forosyn SE, Nylosan, Cataderm, Parlodel, Visken, Calcitonin-Sandoz, Zaditen, Estulic, Sandoglobulin, Hydergine, Dihydergot, Melleril, Tiamutin, Ekalux, Tormosyl, Sandofix, Sandimmun, Derma, Cartasol Red K-2B, Estofil Black MP-BLN, Sandofiam 5070, Ovaltine, Modifast, Optifast, Contour, Featherweight, Sportive Proto-Kost, Isostar, Zorial, Safrotin, Drimarene, Indosol

Subsidiary Companies: Switzerland: Sandoz Holding Ltd; Sandoz Produkte (Schweiz) AG; SANDOZ-Wander Pharma AG; SANDOZ Research Institute Berne Ltd; STIA Master Builders Products Ltd; Meynadier Holding AG; Meynadier & Cie AG; Isotech AG; Intradym AG; Injectobohr SA; Verbia AG; MAC PEM BETON SA; SANDOZ Nutrition Ltd; Wander Ltd; Leofarin AG; Roland Murten AG; Floridor SA. Argentina: SANDOZ Argentina SAIC; Northrup King Semillas SA. Australia: SANDOZ Australia Pty Ltd; Wander (Australia) Pty Ltd; Northrup King Pty Ltd; Australian Master Builders Co Pty Ltd. Austria: Biochemie Gesellschaft mbH; Sanabo Gesellschaft mbH; SANDOZ Forschungsinstitut Gesellschaft mbH; SANDOZ Gesellschaft mbH; Wander Gesellschaft mbH; Osterreichische Meynadier Gesellschaft mbH; Biozym Gesellschaft mbH. Belgium: SANDOZ SA; NV Wander SA; NV DC-Center Dieetcentrum SA; CW Pan nevis Zaadteelt en Zaadhandel NV; Master Builders NV. Brazil: SANDOZ SA; Montecryl SA; Rioquima SA; Wander SA; Industrias Quimicas Resende SA. British Virgin Islands: SANDOZ Overseas Finance Ltd. Canada: SANDOZ Canada Inc; Ex-Lax Ltd; Northrup King Seeds Ltd; SANDOZ Agro Canada Inc; The Master Builders Co Ltd. Chile: SANDOZ Farmaceutica Ltda; SANDOZ Colorquimica Ltda. Colombia: SANDOZ Colombiana SA. Costa Rica: SANDOZ Latinoamericana (Costa Rica) SA. Cuba: SANDOZ Quimico-Farmaceutica Cubana SA. Denmark: SANDOZ A/S; A Hansens Amagerfroe A/S; Wasabrod A/S. Dominican Republic: SANDOZ Dominicana C por A. Ecuador: SANDOZ Latinoamericana (Ecuador) SA. Egypt: Swisspharma SAE. Finland: SANDOZ OY. France: Produits SANDOZ SA; Laboratoires SANDOZ Sari; SANDOZ Huningue SA; K J Quinn SA; Meynadier-TIB SA; Wander SA; SA Cereal; Northrup King Semences SA; Les Graines Caillard SA; Slugro SA. Germany: SANDOZ AG; Wander Pharma GmbH; SANDOZ-Produkte GmbH; K J Quinn GmbH; Isotech GmbH; Wander GmbH; Was a GmbH; Zwaan und Co. UK: SANDOZ Products Ltd; Sandoz Holdings Great Britain Ltd; Intercare Products Ltd; Wander Ltd; Breeder's Seeds Ltd; Master Builders Materials Ltd. Greece: SANDOZ (Hellas) SACI; MAC Beton Hellas. Hong Kong: SANDOZ Colours Ltd; SANDOZ Pharmaceuticals Ltd. India: SANDOZ (India) Ltd; Wander Ltd. Indonesia: PT Sandoz-Biochemie Farma Indonesia. Eire: SANDOZ Products (Ireland) Ltd. Italy: SANDOZ Prodotti Chimici SpA; SANDOZ Prodotti Farmaceutici SpA; LPB Istituto Farmaceutico SpA; "MAC" Modern Advanced Concrete SpA; SARMA SpA; Wander SpA.; Northrup King Sementi SpA; Sluis & Groot Italia SpA. Japan: SANDOZ KK; SANDOZ Yakuhin KK; Nisso Master Builders Co Ltd; Pozzolith Bussan Co Ltd; SDS Biotech KK. Malaysia: SANDOZ Products (Malaysia) Sdn Bhd. Mexico: SANDOZ de Mexico SA de CV; SANDOZ Agricola SA de CV; Northrup King y Cia SA de CV; Tecnocreto SA de CV. Morocco: SANDOZ-Maroc SA. Netherlands: SANDOZ BV; SANDOZ Holding Netherlands BV; Zaadunie BV; Koninklijke Zaadteelt en Zaadhandel Sluis en Groot BV; CW Pannevis Zaadteelt en Zaadhandel BV; Biozym BV. Netherlands Antilles: SANDOZ Finance NV; SANDOZ Overseas NV. New Zealand: SANDOZ Pharma Ltd; Embecon (New Zealand) Ltd. Nigeria: SANDOZ

(Nigeria) Ltd; Ovaltine (West Africa) Ltd. Norway: Ideal Was a AlS. Pakistan: SANDOZ (Pakistan) Ltd. Peru: SANDOZ Peru SA. Philippines: SANDOZ (Philippines) Inc; Wander (Philippines) Inc. Portugal: Produtos SANDOZ Lda; Sociedade Portuguesa de Produtos Wander Lda; Wander (Portugal) Alimentac;:ao Lda. Puerto Rico: Ex-Lax Inc. Singapore: Wander (Singapore) Pty Ltd. South Africa: SANDOZ Products (Pty) Ltd. Embecon (SA) (Ply) Ltd. South Korea: SANDOZ Korea Ltd; SANDOZ Dongkook Ltd . Spain: SANDOZ SAE; SA Cardoner; Meynadier Master Builders SAE; Gema SA; SAE. Wander; Productores de Semillas SA; Sluis & Groot Semillas SA; Sweden: SANDOZ AB; WasabrOd AB; Master Builders Scandinavia AB. Taiwan: Swisspharma Taiwan Ltd. Thailand: SANDOZ (Thailand) Ltd; Wander (Thailand) Ltd. Turkey: SANDOZ UR UNlERI; SANDOZ Kimya Sanayii limited Sirketi. Uruguay: SANDOZ Quimica y Farmaceutica SA. USA: SANDOZ Corp; SANDOZ Chemicals Corp; Master Builders Inc; Repligen SANDOZ Research Corp; SANDOZ Pharmaceuticals Corp; SANDOZ Nutrition Corp; Northrup King Co; Rogers Brothers Seed Co; SANDOZ Crop Protection Corp; Zoecon Corp. USSR: T AURIA. Venezuela: SANDOZ Venezuela SA; Distribuidora de Productos SANDOZ SA; Wander de Venezuela SA; Master Builders de Venezuela CA; Covigal SA; Industrias Quimicas Carabobo CA


SF'OOO SF'OOO Sales turnover 8,361 ,000 8,979,000 Profit after tax 541,000 627,000 Total dividends' 142,000 152,000 Dividends per bearer share 105SF 110SF Dividends per BPC share 21SF 22SF Earnings per bearer share 401SF 453SF Earnings per BPC share 80SF 91SF Share capital 300,000 300,000 Shareholders equity 4,818,000 5,595,000 'Including dividends on

Bearer Participation Certificates

No of Employees: 43,996 Group, 7,123 Parent Company

SCHELLER HANDEL AG Postfach, CH-8032 ZOrich Tel: (01) 384 51 11 Cable: acid us zOrich Telex: 816 995 Telefax: (01) 55 21 66

Supervisory Board: Dr F Wehrli (President), Dr P StOber (Member of the Board)

Management Board: Dr U Ammann, l Peyer, H U Schneider Senior Executives: M Kaspar, P Frei, B Kunz, H Rohr

PRINCIPAL ACTIVITIES: Trade in a wide range of chemical products and raw materials

Parent Company: Scheller Holding Ltd, ZOrich Subsidiary Companies: Benfer Scheller SpA (Italy); Principal Bankers: Union Bank of Switzerland; Swiss Credit

Bank; Swiss Bank Corporation Financial Information:

Sales turnover Share capital 'approximate figure

No of Employees: 80 (ZOrich)

SCHUBARTH + CO AG Lange Gasse 90, 4052 Basel Tel: (061) 23 84 84 Telex: 962164 shu ch

1987 SF'OOO

119,400 2,000

1988 SF;OOO

130,000' 2,000

Telefax: (061) 23 72 40; (061) 23 21 53; (01) 492 7517 (ZOrich)

215

SWITZERLAND Supervisory Board: W Schubarth (Honorary President), R-B

Roth (President), Dr A Thommen, Rof Dr iur P Simonius, Mrs U Roth

Management Board: R-B Roth, H R Waldmeier

PRINCIPAL ACTIVITIES: Agents, stockists and traders lor a wide range of metals, metallurgical products and special steels, chemicals, industrial and railway supplies; engineering in railway track building; measurement and control systems; automotive engine parts and filters (ZOrich)

Subsidiary Companies: Montinag AG; Montinova AG; ChemieHandels AG

Principal Bankers: SwiSS Volksbank; Swiss Bank Corporation Financial Information:


31.12.86 SF'OOO

151,000 1,000

Principal Shareholders: Family-owned group No of Employees: 50 (Group)

SHELL (SWITZERLAND) Bederstrasse 66, 8021 ZOrich 2 Tel: (01) 206 21 11 Telex: 52136 shel ch Telefax: (01) 206 23 76

Management Board: W Riiz (Chief Executive)

31.12.87 SF'OOO

160,000 1,000

Senior Executives: T Brunner, U Scheidegger, F Coopman, R Ganz, J L Piraud

PRINCIPAL ACTIVITIES: Trade in petroleum and petrochemicals Financial Information:

31.12.86 31.12.87 SF'OOO SF'OOO

Sales turnover 2,292,200 2,097,500 Profit before tax 167,800 74,000 Profit after tax 109,400 57,800

Principal Shareholders: Shell Petroleum Company Ltd, UK No of Employees: 682

SIBER HEGNER HOLDING AG Wiesenstr 8, 8022 ZOrich Tel: (01) 386 72 72 Cable: sib holding zuerich Telex: 81698855 Telefax: 011 69 16 63

Board of Directors: C Nuescheler (Chairman), A Hegner (Delegate), Dr R Briner, Dr H W Frick, Mrs B Gautier, Dr F Leutwiler, Dr H R Reeb

Group Management: A Hegner (President), P Bischofberger, P Isbester. P Wyss

PRINCIPAL ACTIVITIES: Raw and industrial materials (silk, chemicals. produce); technical products (machines. plants. instruments); consumer goods (watches, jewellery, garden products, pet food)

Subsidiary Companies: (100% owned unless stated): Switzerland: Siber Hegner & Co AG; Siber Hegner Rohstoff AG; Siber Hegner Textil AG; Siber Hegner Maschinen AG; Siber Hegner Konsumguter AG; Mikimoto Pearls Ltd; S I Immoprim; Darcal SA; les Ambassadeurs AG, ZOrich: Les Ambassadeurs SA, Geneva; Siber Hegner Distribution SA. France: Siber Hegner & Cie (France) SA; Etienne et Rochette & Cie SA. Germany: Siber Hegner & Co GmbH: Handelsverkehr GmbH: Otto Reipert Gummi-und Kunststoff GmbH. Netherlands: Siber Hegner Benelux BV; LenersanPoortman BV: C J Ten Tusschede BV; Holland Diervoeders BV: Gebr Teurlings BV. UK: Siber Hegner Ltd. Japan: Nihon Siber Hegner KK; Siber Kikai KK; Nihon Fisba KK (50%). Hong Kong: Siber Hegner & Co (HK). Singapore: Siber Hegner (S.E.A.) Pte Ltd . Malaysia: Siber Hegner (M) Sdn Bhd. North America: Siber Hegner North America Inc (USA).

Principal Bankers .' SBV; SBG; SKA; ZKB; Bank Leu

SWITZERLAND Financial Information:

31.3.87 31.3.88 SF'OOO SF'OOO

Sales turnover 1,406,000 1,161,000 Profit after tax 2,120 Retained profit 359 Dividends 15% Share capital 12,000

Principal Shareholders: Family owned company No of Employees: 1 ,501

SIEGFRIED AG Untere Bruhlstrasse, 4800 Zofingen Tel: (062) 50 11 11 Cable: Siegfriedag Zofingen Telex: 98 2444 sieg ch

3,363 179

20% 12,000

Board of Directors: John F Strasser (Chairman), F Aeschi, L Alt, E Kunz, P Lauber

Management: Dr B A Siegfried (President), Dr R Gnehm, W Muller

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals, fine chemicals and agrochemicals

Subsidiary Companies: Sidroga AG (Switzerland); Sidroga GmbH and Siegfried GmbH (Germany); Ganes Chemicals Inc, USA; Siegfried de Mexico SA (Mexico)

Principal Bankers: SKA; SNB; SBV; SBG; Bank Leu; Aargauische Kantonalbank


Group sales turnover* Profit after tax *worldwide


SSF DOTTIKON Swiss Explosives Works Ltd CH-5605 Dottikon/Switzerland Tel: (057) 26 11 55 Cable: fasex Telex: 82 79 23 ssf ch Telefax: (057) 24 21 20

Chairman: Dr F Wittwer Directors: Dr H Hiiuptli, W Vultier, W Zingg

1987 SF'OOO

204,000 6,600

Senior Executives: Dr G Bischofberger, R Blickenstorfer, Dr G Dirr, E Elsener, Dr B Fischer, R Toller, E Werfeli

PRINCIPAL ACTIVITIES: Manufacture of organic intermediates for pharmaceuticals, dyestuffs, agrochemicals etc

Parent Company: Ems Chemie Holding AG Principal Bankers: SBV; SBG; SKA


SULZER BROTHERS LTD CH-8401 Winterthur Tel: (052) 81 11 22 Cable: Gebsulzer Winterthur Telex: 89 60 60 Telefax: (052) 23 42 83

Board of Directors: Pierre Borgeaud* (Chairman), Dr Peter Spalti* (Vice Chairman), Urs Buhler*, Jacob Schmidheiny, Dr Peter Sulzer, Dr Fritz Honegger, Armin Baltensweiler*, Dr Franz Galliker, Wolfgang Marti, Dr Carl L Angst*, Raymond A Cornaz*, Prof Bernard Vittoz, *Members of the Executive Committee of the Board

Corporate Executive Management: Dr Fritz Fahrni (President), Artur Frauenfelder (Deputy President), Othmar Hegi, Peter G Sulzer, Erich Mueller, Richard Burger, Helmut Pirchl, Dr Hans Jager, Dr Viktor Beglinger

216

PRINCIPAL ACTIVITIES: Mechanical and process engineering, plants, components and services for: energy sector, textile industry, marine sector, oil and gas industry, mining industry, chemical industry, heating and air conditioning, water technology, pulp and paper industry, food stuff industry, medical engineering, backed up with in-house electronic systems

Subsidiary Companies: Switzerland: Swiss Locomotive and Machine Works; Sulzer-Escher Wyss Ltd; Bell Engineering Works Ltd; Sulzer-Burckhardt Engineering Works Ltd; ELMA Electronic Ltd; Sulzer Energy Consulting Ltd; Plasma-Technik Ltd; Sulzer-Matter Ltd; MBR Bio Reactor Ltd; Frigorex AG; Automelec Ltd. Germany: Sulzer Morat GmbH; Sulzer-Escher Wyss GmbH (Ravensburg); B+G F5dertechnik GmbH; SulzerEscher Wyss GmbH (Lindau); Sulzer Weise GmbH; Sulzer Anlagen- und Gebiiudetechnik GmbH; Gebr Sulzer GmbH; ELMA Electronic GmbH; Bauer & Haselbarth GmbH. France: Compagnie de Construction Mecanique Sulzer; Chauffage et Climatisation Sulzer SA. Italy: De Pretto-Escher Wyss SpA; Sulzer Italia SpA. Austria: Gebruder Sulzer GmbH; Gebruder Sulzer, Escher Wyss, Kiiltetechnik Gesellschafte mbH. UK: Sulzer Bros (UK) Ltd; Sulzer (UK) Pumps Ltd; Sulzer (UK) Building Services Ltd. Belgium: SA Sulzer Belgium NV. Netherlands: Sulzer Nederland BV; Nederlandsche Caliqua BV; Keuls Techniek BV; Sulzer Delta BV; Ruti-Te Strake BV. Norway: Sulzer Brothers Norge AlS. Spain: Sulzer Espana SA. Portugal: Sulzer Irmaos Lda. Czechoslovakia: Sulzer Praha. Poland: Sulzer Warszawa. Hungary: Sulzer Budapest. USSR: Sulzer Buro Moskau. USA: Sulzer Bros Inc; Sulzer Ruti Inc; Sulzer Escher Wyss Inc; Hickham Industries Inc; Sulzer TurboSystems Inc; Alloy Metals Inc; ELMA Electronic Inc; Plasma Technics Inc; Techmedica Inc. Canada: Sulzer Canada Inc. Mexico: Sulzer Hermanos SA de CV. Brazil: Sulzer do Brasil SA; Sulzer Bombas y Compressores SA; Sulzer Weise SA; Fundinox Ltda. Argentina: Sulzer Hermanos SAC.I.; Talleres Coghlan SA. Peru: Sulzer del Peru SA. South Africa: Sulzer Bros (South Africa) Ltd. Iran: Sulzer Iran (Private Joint-Stock Company). Singapore: Sulzer East Asia Central Office. India: Sulzer Brothers Ltd (Liaison Office for India). Indonesia: Sulzer Representative Office for Indonesia. Hong Kong: Sulzer (Hong Kong) Ltd; Sulzer Bros Ltd (Representative Office Hong Kong). China: Sulzer Beijing. Korea: Sulzer Bros Ltd (Korea Liaison Office Seoul). Japan: Sulzer Brothers (Japan) Ltd; Toyoda-Sulzer Sales Ltd; Hirayama Manufacturing Ltd. Australia: Sulzer Australia Pty Ltd. New Zealand: Sulzer New Zealand Ltd

Principal Bankers: Union Bank of Switzerland; Credit Suisse; Swiss Bank Corporation


Sales turnover Profit after tax Dividends per share(1) Earnings per share net Earnings per share(2) Share capital Shareholders equity (1) Sulzer Brothers Ltd (2) Non-Voting Shares


UCAR

31.12.86 SF'OOO

4,548,000 67,000 100SF 258SF

26SF 260,000

3,011,000

31.12.87 SF'OOO

4,636,000 77,000 110SF 284SF

28SF 271,000

3,011,000

Union des Cooperatives Agricoles Romandes Case Postale 1074, CH-1001 Lausanne Tel: (021) 27 51 51 Telex: 24151 ucar ch

Management Board: C Keuffer, R Bourgeois, E Fazan, 0 Grosclaude, R Renold

PRINCIPAL ACTIVITIES: Wholesale trade in milling products, animal feedstuffs, fertilisers and other agricultural equipment and supplies


Sales turnover


VOLG

30.6.87 SF'OOO

239 ,000

Verband Ostschweiz Landwirtschaftl Genossenschaften Schaffhauserstrasse 6, 8400 Winterthur Tel: (052) 84 11 11 Cable: volg winterthur Telex: 76236 volg ch

Management Board: Dr E Jaggi (Managing Director)

PRINCIPAL ACTIVITIES: Agricultural cooperative federation; production of dried foods; manufacture and wholesale trade in milling products and animal feedstuffs; production of spirits and non alcoholic beverages; trade in special purpose chemicals, fertilisers, soaps and cleaning products; agricultural machinery; dairy machinery and beverage production machinery

Subsidiary Companies: Fruchte -und Gemusezentrale AG Principal Bankers: SSG; ZKS; SSS; Bank Leu Financial Information:

Sales turnover


W KUNOIG & CIE AG See KUNDIG, W, & CIE AG

1986 SF'OOO

884,000

ZUELLIG INTERNATIONAL L TO Engelplatz 2, Postfach 1049, 8640 Rapperswil Tel: (055) 27 82 00 Cable: fezlimited Telex: 875 198 star ch Telefax: (055) 27 54 41

1987 SF'OOO

842 ,000

Management Board: E Gruenig, 0 Hoehn, J Z'graggen

PRINCIPAL ACTIVITIES: International trade in a wide range of goods including pharmaceuticals, chemicals, machinery, tools and watches


SWITZERLAND

217

SWITZERLAND

218

Major Companies of the UNITED KINGDOM

219

3M UNITED KINGDOM PLC 3M House, PO Box 1, Bracknell, Berkshire RG12 1 JU

Tel: 0344426726 Cable: Minnesota Bracknell Telex: 849371 mmmuka g Facsimile: Bracknell (0344) 58278

Chairman: R C Olney (USA) Directors: R 0 Baukol (Managing Director) (USA), MAtkins, J E

Cowland, F W Ellis, M J Monteiro (USA), P G Hutchings, H A Hammerly, H W Menzies, Dr D Sanders, P T Williams

Senior Executives: M J Ross (Company Secretary and General Manager, Legal Affairs), R Lacey (General Manager, ElectroTelecommunications Division), Dr D H Dybvig (Managing Director of Minnesota 3M Research Ltd), D C Griffiths (General Manager, Distribution Division), A F Jepps (General Manager, Traffic, Graphic Safety and Security Systems), P I Pring (General Manager, Customer and External Affairs), M B Walsh (Company Controller), M M Smith (Treasurer)

PRINCIPAL ACTIVITIES: Manufacture and marketing of adhesives, office equipment, audio and video recording tapes, photographic films, electrical and health care products

Trade Names: Scotchbrite, Scotchgard, Scotch, Wetordry, Fastbond, Nomad, Underseal, Scotchban, Scotchtint, Micropore, Reflectolite, Light Water, Style-N-Stripe, Scotch seal , Scotchcast, Scotch lite, Safety-Walk, Tartan, Nextel, Scotchweld, Scotchclad, Scotchmount, Jet-Melt, Steridrape, Steri-strip, Littman, Microfoam, Coban, Red Dot, Trimax, Indenture, Post-It, 3M

Parent Company: Ultimate holding company: Minnesota Mining and Manufacturing Company Inc, USA

Subsidiary Companies: (100% owned unless stated): 3M Products Ltd; 3M Manufacturing Ltd; Filmstrip Services Ltd; 3M Health Care Ltd (and its subsidiary company-Neotechnic Engineering Ltd); Scotch Products Ltd (formerly Stimur Ltd); Minnesota 3M Research Ltd (80%); Hills (Patents) Ltd; Business Products Finance Ltd

Principal Bankers: Lloyds Bank PLC; National Westminster Bank PLC


£'000 £'000

Sales turnover 408,540 387,490 Profit before tax 29,953 30,656 Profit after tax 16,028 16,262 Retained profit 9,796 Dividends 6,300 22,700 Dividends per share 32.9p 11B.7p Share capital 6,400 6,400 Shareholders funds 123,553 117,281

Principal Shareholder: Minnesota Mining and Manufacturing Company


A H MARKS & COMPANY LTD See MARKS, A H, & COMPANY LTD

AIR PRODUCTS PLC Hersham Place, Molesey Rd, Walton-on-Thames, Surrey KT12

4RZ Tel: 0932 249200 Cable: Lowtemp Walton-on-Thames Telex: 917243 Te/efax: 0932 249566

Chairman: B F Street Directors: C J Ryan (Managing Director), R Ward-Jones (and

Secretary), R J S Dickins (Personnel Director), S A Thomas (Finance and Administration)

PRINCIPAL ACTIVITIES: Design and manufacture of cryogenic process plant and equipment; production, distribution and sales of industrial gases

221

UNITED KINGDOM Trade Names: Astec, Coogar, Cryoquick, Cryotrim, Cryoguard,

Airopak, Minitank, Weldpak, Freshpak Parent Company: Air Products and Chemicals Inc Subsidiary Companies: Air Products (GB) Ltd; Air Products (UK)

Ltd; Gardner Cryogenics Ltd; Air Products Export Ltd; Air Products Ireland Ltd; Air Products Sales SA; On-Site Engineering Services Ltd; Anchor Chemical Group PLC

Principal Bankers: Barclays Bank PLC Financial Information:



30.9.86 £'000

128,258 12,172 6,171

57,211 2,820

£1.175 £2.57 2,400

83,253

AKZO CHEMICALS HOLDINGS LTD Pier Rd, Gillingham, Kent ME7 1 RL Tel: 0634 280888 Telex: 96159 Telefax: 0631 280585

Chairman: M R Hunt

30.9.B7 £'000

156,463 12,541 5,949

68,470

£2.48 2,400

89,782

Directors: H C Rogers, J C P Van Oosterom (Dutch), C Zaal (Dutch)

Senior Executives: J A Knapp (Secretary)

PRINCIPAL ACTIVITIES: Chemical manufacture Parent Company: AKZO NV, Netherlands Subsidiary Companies: Akzo Chemicals Ltd Principal Bankers: Barclays Bank PLC Financial Information'


1986 £'000

74,007 767 767 767

8,000

Principal Shareholder: Akzo Chemicals bv No of Employees: 429 (Trading Company)

ALBRIGHT & WILSON LTD 1 Knightsbridge Green, London SW1X 7QD Tel: 01-589 6393 Cable: Albriw London Telex Telex: 916225 Telefax: 01-225 0839

Chairman: J P Diesel

1987 £'000

83,874 1,511 1,511 1,511 9,490

Directors: R C Paul (Deputy Chairman and Managing Director), FMC Podger, J R Adsetts, W D Adair, C W Suckling

Senior Executives: G I Black (General Manager Detergents Group), W M Winstanley (General Manager Phosphates Group), R F Chalmers (ReSins and Organics Group)

PRINCIPAL ACTIVITIES: Detergent phosphates, food and industrial phosphates, inorganic and organic phosphorous chemicals, sulphuric acid; raw materials and finished products for liquid detergents, toiletries and shampoos; powder detergents, surfactants for industrial applications; fine chemicals; paper and pulp bleaching chemicals, processes and engineering services; biocides and speciality chemicals for metal finishing, water treatment and textile flame retardents

Trade Names: Proban, Phosbrite, Super Pyrobrite, Alecra 3000, Accomet C, Amgard, Aquarite, Albrivap, Industrial Calgon, Tolguard, Tolplaz, Nubex, Bumal, Roscol, Empicol, Empigen, Empilan, Nansa, Laurex

UNITED KINGDOM Parent Company: Tenneco International Holdings Ltd, Ultimate

holding company, Tenneco Inc, Houston, USA

Subsidiary companies: Albright & Wilson ApS (Denmark); Albright & Wilson Asia Trading (H.K.) Ltd (Hong Kong); Albright & Wilson Asia Pte Ltd (Singapore); Albright & Wilson Asia Trading (M) Sdn Bhd (Malaysia); Albright & Wilson A/S (Norway); Albright & Wilson (Australia) Ltd (57.5%) (Australia); Albright & Wilson BV (Netherlands); Albright & Wilson GmbH (Austria); Albright & Wilson GmbH (West Germany); Albright & Wilson Intertrade Ltd ; Albright & Wilson (M) Sdn Bhd (Malaysia); Albright & Wilson (Marchon) Pte Ltd (Singapore); Albright & Wilson (Mfg) Ltd; Albright & Wilson Overseas Ltd; Albright & Wilson AB (Sweden); Albright & Wilson SpA (Italy); Marchon Espanola SA (Spain); Marchon Surfac SA (Spain); Marchon France SA (France); Marchon Hellas Ltd (Greece); Marchon Italiana SpA (Italy); Marchon Sud SpA (Italy); Albright & Wilson Americas (Canada) a division of Tenneco Canada Inc (Canada); Albright & Wilson Americas Inc (USA). Related companies: Akulu-Marchon (Pty) Ltd (50%) (South Africa); Albright Morarj i and Pandit Ltd (39.9%) (India); Albright & Wilson Match Phosphorus Co Ltd; Arndale Fuels Ltd (50%); AWAT Thai Ltd (49%) (Thailand); Butler Oil Products Ltd (50%); Polyphosphates Inc (40%) (Philippines); Productora Andina de Acidos y Derivados Ltda (49%) (Colombia)

Principal Bankers: Lloyds Bank PLC

Financial Information: Managed Group figures

30.12.86 29.12.87

£'000 £'000

Turnover 651,700 650,200




Dividends 10,000 15,000

Principal Shareholders: Tenneco International Holdings Ltd (100%)


ALEXANDER,WALTER,PLC 91 Glasgow Road, Falkirk FKl 4JB

Tel: 0324 21672

Telex: 777650 ALEXANDR G

Telefax: 0324 32469

Chairman: W R Alexander

Directors: C J T Alexander (Deputy Chairman), J F W Hamilton (Managing Director), A R Devereux (Non-Executive), C A Fraser (Non-Executive), B Thompson, T G Wishart (Finance), W W Keys

Senior Executives: T G Wishart (Secretary)

PRINCIPAL ACTIVITIES: Coachbuilders; liquid fuel distributors; filter manufacture; DIY distribution; home textiles

Subsidiary Companies: (100% owned unless stated): Coachbuilding Division: Walter Alexander & Co (Coach builders) Ltd; Walter Alexander & Co (Belfast) Ltd; Walter Alexander (Far East) Pte Ltd. Filtration Division: Domnick Hunter Filters Ltd; Tanlea Engineering Ltd; Domnick Hunter Filter GmbH (Germany); Domnick Hunter Filters Inc (USA). Home Textiles Division: Fios Group Ltd; Siumberdown Quilts Ltd; Icobar Ltd; Comfort Feather & Pillow Company (USA); Fios Corporation Ltd (USA). DIY Distribution Division: Domcraft Ltd (92%). Liquid Fuel Distribution Division: Walter Alexander Industries Ltd (80%); John Mitchell for Oils Ltd (80%); The Scottish Lubricating Oil Company Ltd (80%); Fuel Services (Cumbria) Ltd (80%). Other Activities: Motor Trade: Thomas Corrie Ltd. Light Engineering: A L Gordon Ltd. Limousine Hire: W L Sleigh Ltd (75%). Coach Hire: Silver Coach Lines Ltd

Principal Bankers: Clydesdale Bank PLC; The Royal Bank of Scotland PLC; Northern Bank PLC; Lloyds Bank PLC

222

Financial Information: 31.3.87 31 .3.88

£'000 £'000 Sales turnover 72,856 95,386 Profit before tax 5,721 6,508 Profit after tax 3,707 4,291 Retained profit 2,624 1,706 Dividends 1,175 1,401 Dividends per share 4.25p 5.00p Earnings per share 13.50p 15.30p Share capital 2,749 2,832 Shareholders funds 24,220 26,704

Principal Shareholders: W R Alexander; Mrs M J McLachlan No of Employees: 2,070 UK; 2,400 Worldwide

ALLIED COLLOIDS GROUP PLC Cleckheaton Road, Low Moor, Bradford BD12 OJZ Tel: 0274671267 Cable: Colloid all Bradford Telex: 51646 ALCOLLG Telefax: 0274 606499

Chairman: Sir Trevor Holdsworth (Non-Executive) Directors: P Flesher (Managing Director), J Binnie, Dr A K

Harrison, J P Frost (Non-Executive), G S Senior (Finance Director)

Senior Executives: J P Tayler (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture and sale of speciality chemicals for a variety of industries

Trade Names: Alcopol, Alcamine, Tetralon, Alcostat, Syncol , Tescol, Dispex, Viscalex, Magnailoc, Percol, Collemul, Tiofloc, Glascol, Imidrol, Collasyn, Sapolib, Drafcol , Vicol , Alcolube, Versicol, Alcomer, Surcol, Hydrocol, Librel, Librate, Zetag

Subsidiary Companies: Allied Colloids Ltd; Atlas Interlates Ltd; Allied Colloids Inc (USA); Allied Colloids (Canada) Inc (Canada); Allied Colloids (Australia) Pty Ltd (Australia); Allied Colloids Manufacturing GmbH (West Germany); NV Allied Colloids SA (Belgium); Allied Colloids Nederland BV (Netherlands); OY Suomen Allied Colloids (Finland), Allied Colloids Chemicals (Far East) Pte Ltd (Singapore); Etablissements Bez SA (France)

Principal Bankers: National Westminster Bank PLC Financial Information:

31.3.87 £'000

Sales turnover 142,808 Profit before tax 29,212 Profit after tax 18,328 Retained profit 13,843 Dividends 4,736 Dividends per share 1.88p Earnings per share 7.27p Share capital 12,631 Shareholders funds 61,644


2.4.88 £'000

162,964 35,424 22,546 16,719 5,827 2.30p 8.90p

25,335 76,740

AMALGAMATED METAL CORPORATION PLC Adelaide House, London Bridge, London EC4R 9DT Tel: 01-6264521 Cable: Amalgameco London EC4 Telex: 888701

Chairman: G Sassmannshausen (Germany) Directors: T G Lock (Chief Executive), E Moeller (Germany), R

Mueller (Germany), A R G Raeburn, H Reinermann (Germany), Sir Frank Roberts, H-J Vocht (Germany)

Senior Executives: M M Murray (Managing Director Industrial Operations), V H Sher (Group Managing Director), K H Gaunt (Director Corporate Finance and Managing Director Amalgamated Metal Trading Ltd), AWN Green (Director and Secretary, Legal and Administration), G C L Rowan (Director Group Financial ContrOl), M Ford (Director Control Industrial Operations)

PRINCIPAL ACTIVITIES: International trading in non-ferrous metals; industrial activities; tin smelting

Parent Company: Preussag AG

Subsidiary Companies: (100% owned unless stated): Amalgamated Metal (Australia) Ltd; Amalgamated Metal Investment Holdings Ltd; Amalgamet Investment Holdings Ltd; British Amalgamated Metal Investments Ltd; Consolidated Tin Smelters Ltd; Gardner (Enfield) Ltd; The British Metal Corporation Ltd; Amalgamated Metal Trading Ltd; Datuk Keramat Holdings Bhd (50.5%) (Malaysia); Datuk Keramat Smelting Sdn Bhd (50.5%) (Malaysia); Datuk Keramat Properties Bhd (50.5%) (Malaysia); Amalgamet (Australia) Pty Ltd; Amalgamet Inc (USA); Amalgamet (South East Asia) Pte Ltd (Singapore); Mountstar Metal Corporation Ltd; Oakland Metal Company Ltd; Premetalco Inc (90%); The British Metal Corporation (South Africa) Pty Ltd; William Rowland Ltd; Air Survey & Design Inc; BKS Surveys Ltd; Amalgamated Metal (Private) Ltd (Zimbabwe); Dakins Machinery (Private) Ltd (Zimbabwe); Brandhurst Co Ltd; Cron Chemical Corporation (USA); Keeling & Walker Ltd. In addition, the company has dormant subsidiaries and it has related companies in UK and India

Principal Bankers: Barclays Bank PLC; Lloyds Bank PLC; Midland Bank PLC


31.12.86

£'000




Retained profit 892

Dividends 114

Dividends per ord share

Earnings per share 2.9p



Principal Shareholders: Preussag AG (94.7%)


AMERSHAM INTERNATIONAL PLC

31.12.87

£'000

1,083,783

4,587

3,296

2,900

609

3.0p

14.7p

18,805

30,139

Amersham Place, Little Chalfont, Buckinghamshire HP7 9NA

Tel: 024044444

Cable: Activity Amersham

Telex: 838818 ACTIVL G

Facsimile: 024 04 4008

Chairman: Sir Edwin Nixon

Directors: Dr J S Burgess (Chief Executive), C M Beddow, W H Ellaby, A M Hamilton, Dr J R Lovett, Dr J C Maynard, Sir Arnold Burgen

PRINCIPAL ACTIVITIES: Amersham International provides hightechnology products which improve the quality of life by helping to diagnose disease, by advancing the understanding of the processes of life and by enhancing manufacturing efficiency

Trade Names: Amerlex, Amerscan, Amertec, Ceretec, Amercare, Amerwell, Amerlite

SubSidiary Companies: (100% owned unless stated): Amersham France SA; Amersham Belgium NV; Amersham Nederland BV (Netherlands); Amersham Buchler GmbH & Co KG (60%) (Germany); Amersham Corpn (USA); Amersham Denmark ApS; Amersham Sweden AB; Amersham Australia Pty Ltd; Amersham Japan Ltd; Amersham Medical Ltd (65%) (Japan); Amersham Canada Ltd

Principal Bankers: Lloyds Bank PLC; Northern Trust Co; Grindlays Bank pic

223

UNITED KINGDOM Financial Information:

31.3.87 31.3.88 £'000 £'000

Sales turnover 148,491 165,010 Profit before tax 22,080 25,274 Profit after tax 14,983 17,215 Retained profit 9,220 11,421 Dividends 4,130 5,058 Dividends per share 8.2p 10.0p Earnings per share 26.6p 32.6p Share capital 12,547 12,646 Shareholders funds 77,499 86,892


AMOCO (U.K.) LTD Olympic Office Centre, 8 Fulton Rd, Wembley, Middlesex HA9

OND Tel: 01-9028820 Cable: Amointe Wembley Telex: 264433 AMOWEM G Telefax: 01-902 0448

Chairman: G A Hankins (USA) Directors: M A Sanders, W P Havers, I S McGrattan, M J

Vandy, DC Thompson

PRINCIPAL ACTIVITIES: Refining of crude oil, distribution and marketing of petroleum products, and manufacture and sale of synthetic fabrics

Trade Names: Amoco, Amoco Fabrics Parent Company: Amoco Corporation, USA Subsidiary Companies: Amoco (1986) Ltd; Amoco Fabrics (UK)

Ltd; Amoco Pension Trust Ltd; H & A Scott Ltd; H & A Scott (Holdings) Ltd; Rothes Plastics Ltd; Amoco (Ireland) Ltd; Torch Service Stations Ltd; Associated Companies: Warwickshire Oil Storage Ltd; Cliffe Storage Ltd

Principal Bankers: Barclays Bank PLC Financial Information'

Sales turnover net £'000

290,000


ANCHOR CHEMICAL GROUP PLC Clayton Lane, Clayton, Manchester M11 4SR Tel: 061-2232461 Telex: 667829 Telefax: 061-2235488

Chairman: B B Pugh; Deputy Chairman: H K Justi Directors: R W Deacon (Joint Managing Director), C G Tilley

(Joint Managing Director), The Hon T A Hewlett Senior Executives: J Hardman (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of specialty chemicals Subsidiary Companies: Anchor Chemical (UK) Ltd; Ancomer Ltd;

Anchor Chemical Developments Ltd; Anchor Chemical Co Ltd; Anchor Chemical International Ltd; James Beard Ltd; Anchor Italiana Spa (Italy); Anchor Chemical Co (South Africa) Pty Ltd (South Africa); Anchor Chemical Australia Pty Ltd (Australia); Anchor Chimie Sari (France); Pacific Anchor Chemical Corp (USA); Anchor Chemical USA Inc (USA); Anchor Chemical America Inc (USA)


Sales turnover


ANGLO NORDIC HOLDINGS PLC

£'000 33,000

Anglo Nordic House, High Street, Hemel Hempstead, Herts HP1 3AG

Tel: 0442 212721 Telex: 826331 Fax: Groups 2/3 (0442) 58853

Chairman: B Riisager

UNITED KINGDOM Directors: Executive: N 0 Hamilton (Chief Executive), 0 J

Eccleston (Group Managing Director), T D Wall. NonExecutive: J Munter, B G Wolfson (Deputy Chairman), J Bird, C Kjaer

Senior Executives: A J Murray (Secretary)

PRINCIPAL ACTIVITIES: Holding company. The principal activities of its subsidiaries comprise: Engineering - The manufacture and sale of aircraft ground equipment, microwave and telecommunications equipment and nondestructive testing services for the aerospace and defence industry; generating plant; diesel engine driven welders; alternators; process plant and instrumentation primarily for the brewing, food and plastics industries; engineered wood products and engineering services

Trade Names: Braby, H W Edghill, Auto Diesels Braby; Rototherm, Petbow

Subsidiary Companies: Anglo Nordic Properties Ltd; Auto Diesels Edghill Ltd; Bowker Bros (Clitheroe) Ltd; Braby Group Ltd (incorporating Braby Bristol); Commercial X Rays Ltd; Credowan Ltd; D & J Tullis Ltd; Gamma Rays Ltd; HML (Engineering) Ltd; Industrial Impregnations Ltd; Leonard Mansley Ltd; Melbay Developments Pty Ltd (Australia); Metadalic Ltd; Richard Sizer Ltd; The British Rototherm Company Ltd; Anglo Nordic Power Generation Ltd (and its subsidiaries Petbow Ltd; PH Electronics; PEP; Stonar Electrical Machines; Petbow Welding Products; Petbow Far East Ltd (Singapore»

Principal Bankers: Midland Bank PLC; PRIVATbanken Limited


31.3.87 31.12.87

(12mths) (9mths)

£'000 £'000


Profit (loss) before tax 312 (4,745)

Profit (loss) after tax 282 (4,747)

Retained profit (loss) 139 (4,940)

Earnings (loss) per share 0.5p (14.6p)

Issued share capital 2,705 2,706



APV PLC APV House, 2 Lygon Place, Ebury St, London SW1W OJR

Tel: 01-7307244

Telex: 925456

Telefax: 01-730 2660

Board of Directors: Sir Ronald Mcintosh (Chairman), F W Smith (Chief Executive), R K Baldwin, 0 B Hefner, C G Beenham, Jonkheer G Kraijenhoff (Non Executive), G LI Law (Non Executive), J C McCaskie, Dr C H Reece (Non Executive), E H Sharp (Non Executive), 0 T Shore, M R H Smith, H A Whittall (Non Executive) .

Senior Executives: A W Pybus (Secretary)

PRINCIPAL ACTIVITIES: Holding company for a group engaged in the design, development, manufacture, sale and installation of specialised process plant, mainly in the field of heat transfer and refrigeration; companies in the group operate as process engineers, plant manufacturers, fabricators and steel founders, particularly to the dairy, sugar confectioner and other foods, brewery, chemical, printing, paint, ink, plastiCS, petroleum, marine and aircraft industries

Trade Names: Paraflow, Accos, HaliScrew, Turboradiant, Microfilm, Supertex, Gemini, Universal, Ribbon-flo, Turboflow, Omega, Candymoulder, Candymaker, Flowpak, Rose Forgrove, Vertiflow, Rose, Oblicone, Hydisperser, Drydisperser, POD, Rotofeed, Tensitrol, Instacolor, Biplex, Baker Perkins, Convectoradiant, Accurist, Candyflow, Podbielniak, M-P, Polykneader, Depan-o-vac, Templex, EC-

224

TR-FLEX, Trizone, Turborack, Gamma-mill, Hydiscolver, Hyvisolver, Depan-o-matic, Flex-fuel, Superior, Versatex, Novamix, Devlin, Autofeed, GP Mixer, G14, G16, Poly-Con, Rotoform, Shearmix, Alpha, Creme maker, Douglas, Fasmold, Simplex, Super-Accurist, Superflo, Turbogas, Uniflow, Rotadek, Streamline, Master Baker, Micromixer, Delta, Turbo film, FWT Supreme, Flowslica, Flowslicer, Flowstrip, Rosejoint, Super 42, Super Forty Two, Twinstream, Unilin, Unimesh, Vertiflow

Subsidiary Companies: (100% owned unless stated): APV Hall Ltd; APV Mitchell Dryers Ltd; APV UK Ltd; Baker Perkins Bakery Ltd; Baker Perkins BCS Ltd; Baker Perkins Chemical Machinery Ltd; Baker Perkins PMC Ltd; Rose Forgrove Ltd; Vent-Axia Ltd; APV Osborne Craig Ltd; APV Asia Pacific Ltd (Australia); Baker Perkins Pty Ltd (Australia); APV do Brasil Ltda (Brazil); APV Crepaco of Canada Ltd; APV Hall Crepaco Inc (87%) (Canada); APV Anhydro AS (Denmark); Pavailler SA (99%) (France); Societe APV SA (99%) (France); APV Rosista GmbH (80%) (Germany); APV-Schroeder GmbH (Germany); APV Texmaco Ltd (40%) (India); APV Marenghi SpA (85%) (Italy); Pavailler Fratelli Monziani SpA (Italy); APV Hall Equatorial Ltd (60%) (Kenya); APV Engineering Ltd (New Zealand); Baker Perkins NZ Ltd (New Zealand); APV South Africa Ltd (South Africa); APV Iberica SA (Spain); APV Ott AG (Switzerland); APV Crepaco Inc (USA); APV Gaulin (USA); Baker Perkins Inc (USA); Baker Perkins Food Machinery Inc (USA); Sterling Extruder Corp (USA); Werner Lehara Inc (USA)

Principal Bankers: National Westminster Bank PLC; Lloyds Bank Pic; Midland Bank pic


31.12.86 31.12.87

£'000 £'000






Dividends per share 3.8p 4.2p

Earnings per share basic 10.5p 10.3p




ASSOCIATED BRITISH INDUSTRIES PLC Tavistock Road, West Drayton, Middlesex UB7 7RA

Tel: 0895 445511

Telex: 28559

Telefax: 0895 449199

Chairman: P J L Lawrence

Directors: P M Brown, C R Spalton, A J Morris (Non-Executive)

Senior Executives: P O'Brien (Company Secretary)

PRINCIPAL ACTIVITIES: Holding company with interests in the manufacture of chemicals, wax and sealants

Trade Names: Astorstat, Astrawax, Astrolan, Astrolene, Astronate, Astropol, Autokote, Di Jell, Microcast, Microkote, Micromelt, Mycropar, Mycropoly, Mycropol, Microseal, Mycrox, Okerin, Polastar, Surmac, Taccolene

Subsidiary Companies: Associated British Industries Group Ltd; Astor Chemicals Ltd; Stag Polymers & Sealants Ltd; Drayprop Ltd; Drayton Research Ltd; Middlesex Oil and Chemical Works Ltd; Jefferson Bros Ltd; Draytec Ltd; The Kenilworth Manufacturing Co Ltd; Lusol Oils & Chemicals Ltd; Astor Midoil Continental SA (Belgium); Astor Chimie SARL (France); Associated British Holdings International BV (Netherlands); ABI Corp (USA); Astor Wax Corp (USA); Stag Sealants & Polymers Inc (USA); Stag Franc;:aise (France)

Principal Bankers: Lloyds Bank pic; Barclays Bank pic


£'000 Sales turnover 33,594 Profit before tax 1,328 Profit after tax 861 Retained profit 1,802 Dividends 156 Dividends per share 6.50p Earnings per share(1) 35.92p Earnings per share(2) 26.71p Share capital 2,397 Shareholders funds 9,554 (1) basic (2) fully diluted

Principal Shareholders: P J Levay Lawrence No of Employees: 277

30.6.88 £'000

33,882 1,856 1,196 1,008

188 7.75p 49.53

37.12p 2,426

15,099

ASSOCIATED OCTEL COMPANY LTD 20 Berkeley Sq, London W1 X 6DT Tel: 01-4996030 Cable: Octel London Telex: 25107 OCTELH G Telefax: 01-491 2332

Chairman: C N C Haslam Directors: A E J Yelland (Managing Director), J R Dixon, 0 W

Kendall, H M Matthews Senior Executives: G Hughes (Secretary)

PRINCIPAL ACTIVITIES: Manufacture and sale of motor fuel additives including cetane improvers and anti-knock compounds, and also specialised intermediate chemicals

Trade Names: Octel Subsidiary Companies: Associated Octel Company (Plant) Ltd;

Octel SA; A K Chemie GmbH Principal Bankers: Barclays Bank PLC; Chase Manhattan Bank

NA Financial Information:


31.12.86 £'000

85,520 16,936 9,145 6,277

10,000 61,522

31.12.87 £'000

79,372 16,472 8,716 6,516

10,000 66,470

Principal Shareholders: BP Oil Ltd; Shell UK Ltd; Chevron Oceanic Inc; Texaco International Trader Inc; Mobil Coatings Ltd; The Anglo Saxon Petroleum Co Ltd


ATKINSON, T, & SON (CORN MERCHANTS) LTD North Kelsey Moor, Lincoln LN7 6HD Tel: 0724 855855

Chairman: R N Herring Directors: P W Allison, K Thomas (Secretary), K Robert, K R

Townsend

PRINCIPAL ACTIVITIES: Corn merchants; sale of seeds and fertilisers

Subsidiary Companies: Ernest Jones & Sons (Pudsey) Ltd; W C Schofield Ltd


Sales turnover


ATOCHEM UK HOLDINGS LTD

£'000 102,000

Colthorpe Lane, Thatcham, Newbury, Berkshire RG13 4NR Tel: 063565533

Chairman: B 0 Azoulay

225

UNITED KINGDOM Directors: J M C Puckridge (Managing), J M C Jaisson, A S

Woodhams, A A F Schun Senior Executives: M W 0 Perks (Secretary)

PRINCIPAL ACTIVITIES: Import and sale of petrochemicals and plastics

Parent Company: ATOCHEM SA, France Subsidiary Companies: ATOCHEM UK Ltd; Specialty POlymers

& Chemicals Ltd; MD Makin Holdings Ltd; Polycol (PVC) Ltd; Polycol (Impex) Ltd


31.12.86 £'000

Sales turnover 116,410 Profit before tax Profit after tax Retained profit Share capital Shareholders funds

ATTOCK OIL COMPANY LTD 3 St James's Square, London SW1Y 4JU Tel: 01-9300573 Telex: 8814927 attock g Telefax: 8391004

Chairman: Dr Ghaith R Pharaon

4,935 2,870 2,870 2,500 4,680

31.12.87 £'000

190,260 2,595 1,610 1,610 2,500 6,285

Directors: TAT Lodhi, M A Baqi, M Salim, M A Khan, Sheikh Kamal Adham, Faisal S AI-Fulaij

Senior Executives: Tanvir Ahmad (Corporate Secretary)

PRINCIPAL ACTIVITIES: Oil exploration and refining Parent Company: Finance and Investment International Ltd

(Cayman Islands) Subsidiary Companies: (100% owned unless stated): Pakistan

Oilfields Ltd (53.75%) (Pakistan); Attock Refinery Ltd (52.5%) (Pakistan); Attock International Oil Corporation NV (incorporated in Netherlands Antilles and operating in USA); Attock Oil Exploration (UK) Ltd; Attock Chemicals (Private) Ltd (60%) (Pakistan)

Principal Bankers: Bank of Credit & Commerce International SA, London


£'000 £'000 Sales turnover 211,268 162,967 Profit before tax 7,519 11,300 Profit after tax 6,377 8,439 Retained profit 2,864 4,122 Dividend 450 Dividend per share 5p Earnings per share 32p 41p Share capital 9,000 9,000 Shareholders funds 15,024 19,759

Principal Shareholders: Finance & Investment International Ltd No of Employees: 3,261

BAIRD, WILLIAM, PLC 79 Mount St, London W1 Y 5HJ Tel: 01-409 1785 Cable: BAIRDMIN, LONDON W1 Telex: 886376 BAIRDS G Telefax: 01-4996788

Chairman: T 0 Parr Directors: 0 J Grant, A P Cant, P E Jones, Sir Russell

Fairgrieve, C E Maunsell, N G Trotter, A F Wylie, N P H Webster (Secretary), J V Parsons

PRINCIPAL ACTIVITIES: Holding company with interests in textiles and clothing manufacture; retail of rainwear and casual wear; specialist engineering including thermal insulation and other products, services and equipment to the power, process, aerospace, marine and automobile industries

UNITED KINGDOM Trade Names: (Clothing Manufacturers) Bairdwear, Clifford

Williams, Verber Bairdtex. (Brands) Banner, Dannimac, Telemac. (Specialist Engineering) Darchem

Subsidiary Companies: Baird Textile Holdings Ltd; Dannimac Ltd; Darchem Ltd; William Baird Investments Ltd

Principal Bankers: Lloyds Bank PLC; Barclays Bank PLC


£'000 £'000





Earnings per share 16.1p 22.1p


Principal Shareholders: M & G Investment Management Ltd: Save & Prosper Group Ltd


BANKS, SIDNEY C, PLC 29 St Neots Rd, Sandy, Beds SG19 1 LD

Tel: 0767 80351

Telex: 82183 banks sandy

Telefax: 0767292412

Chairman: J P U Burr

Directors: M C Banks (Joint Managing Director), R L Banks (Joint Managing Director), T M Sills (Non-Executive), J Odam, J Hingle, J L Rowlands (Finance Director)

PRINCIPAL ACTIVITIES: Malting barley and seed specialists, grain, feed and fertiliser merchants

Subsidiary Companies: Banks of Sandy Ltd; Joseph Odam Ltd: G F Howsam Ltd: Bank Mills Ltd; Banks Hobbs Ltd; Hi-Yield Feeds Ltd: Hi-Yield Foods (1980) Ltd; Vogan & Company Ltd; Banks Truck Centre Ltd

Principal Bankers: Barclays Bank PLC


30.4.86

£'000

Sales turnover 108,568 Profit before tax 2,404

Profit after tax 1,466 Retained profit 1,088 Dividends 378 Dividends per share 11.5p Earnings per share 44.5p Share capital 823 Shareholders funds 9,573


BANNER, SAMUEL, AND CO LTD 59-61 Sandhills Lane, Liverpool L5 9XL Tel: 051-9227871 Telex: 627025 Telefax: 051-922 0407

Chairman: C V Banner (also Managing Director)

30.4.87

£'000

128,336

2,717

1,735 1,291

444 13.25p

51.8p

839 14,030

Directors: B N S Gemmel, 0 Thomas, C J Newman, A V Fontes (Financial Director and Secretary)

PRINCIPAL ACTIVITIES: Vegetable oil refining, solvent blending and distribution and the marketing of fuel oils; packaging, canning and formulation of oil and chemical products

Principal Bankers: Midland Bank PLC Financial Information:

Sales turnover


£'000 45,000

226

BASF UNITED KINGDOM LTD BASF House, 151 Wembley Park Drive, Wembley, Middlesex

HA98JG Tel: 01-908 3188 Telex: 269451 BASFLO G Telefax: 01-9085866

Chairman: Dr W Jentzsch (Germany) Directors: B Rigby (Managing Director), J A East (Deputy

Managing Director), G L Angell, Dr M Becker, Dr E Frommer (Germany), T Neville

Company Secretary: J C M Boyd

PRINCIPAL ACTIVITIES: Distribution of agricultural chemicals, dyestuffs, dispersions, organic intermediates, plastics, plastic tapes for audio and computer uses, graphic arts equipment

Parent Company: BASF AG, Ludwigshafen-am-Rhein, West Germany

Subsidiary Companies: Cheadle Colour & Chemicals Ltd: BASF Leasing Ltd

Principal Bankers: National Westminster Financial Information:

31.12.86 31.12.87 £'000 £'000

Sales turnover 234,723 252,465 Profit before tax 1,028 3,856 Profit after tax 1,028 1,437 Retained profit 1,028 687 Dividends 750 Share capital 750 750 Shareholders funds 14,503 15,190

Principal Shareholders: BASF AG No of Employees: 590

BAYER UK LTD Bayer House, Strawberry Hill, Newbury, Berks RG13 1JA Tel: 0635 39000 Telex: 847205 BAYNEW G Telefax: 0635 39393

Chairman: Dr M Schneider Directors: J V Webb (Managing Director), The Lord Walston, R

Korn Senior Executives: M 0 Newson (Secretary)

PRINCIPAL ACTIVITIES: Marketing of own manufactured chemicals and those manufactured by Bayer AG of West Germany and its subsidiaries

Trade Names: Alka Selzer, Limmits, Dralon Parent Company: Bayer Foreign Investments, Canada: Ultimate

holding company Bayer AG, West Germany Subsidiary Companies: Haarmann & Reimer Ltd; Principal Bankers: Barclays Bank PLC; Chemical Bank;

Hambros Bank Ltd; LLoyds Bank PLC Financial Information:


31.12.87 £'000

324,272 4,977 2,144 2,144

600 6,000

13,725

Principal Shareholders: Bayer Foreign Investments (100% of issued share capital)


BEN LOX HOLDINGS PLC Prince Rupert House, 9-10 College Hill, London EC4R 1 AS Tel: 01-2488678 Telex: 924013 Telefax: 01-236 0373

Chairman: S P Berrill (and Chief Executive)

Directors: C Chevasco (Construction and Property), A R Newberry (Finance), K Williams (Industrial), P Bloomfield (Non-Executive), P R S Earl (Non-Executive), Goran Ekdahl (Non-Executive)

Senior Executives: A R Newberry (Secretary)

PRINCIPAL ACTIVITIES: Construction and civil engineering; property, investment and securities dealing, the manufacture of consumer related products, engineering and the provision of business services

Subsidiary Companies: (100% owned): Civil Engineering and Construction Division: Arnold & Nathan Ltd; Advanced Building Systems (South East) Ltd; A.N.P. Hire Ltd. Property Division: Nolton Homes Ltd; Nolton Property Developments Ltd; Nolton Business Centres Ltd. Securities and Investment Division: Keatway Ltd; Nolton Securities Ltd; Nolton Development Capital Ltd. Business Services Division: Personnel Selection Associates Ltd; Executive Services Ltd; Nolton Vehicle Leasing Ltd. Consumer Related Products Division: Carr & Day & Martin Ltd; Proofed Packings Ltd. Other principal subsidiaries: Nolton pic

Principal Bankers: Barclays Bank PLC; Midland Bank PLC


31.12.86

£'000


(Loss) before tax (460)

Profit after tax (461)

Retained (loss) (466)

Dividend 233

Dividend per share 1.15p

(Loss) per share (2.8p)

Share capital 2,002


Principal Shareholders: Fortlodge Ltd (29.4%)


BLAGDEN INDUSTRIES PLC

31.12.87

£'000

29,875

(1,883)

(1,519)

(2,138)

371

0.85p

(5.3p)

4,292

7,019

Tonman House, 63-77 Victoria Street, St Albans AL 1 3LR

Tel: 0727 40907

Telex: 28615 RBLDN G

Telefax: 0727 55352

Chairman: J R Gillum

Directors: D T Wilkinson, R J Buckland, E J Bagley, F J Briggs, DRS Walde, G C Smith, T Schreiber

Senior Executives: G L Levine (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture and reconditioning of drums and casks; manufacture of plastics blowmouldings; chemical manufacture distribution and trading; industrial protective equipment manufacture; electrical equipment manufacture

Subsidiary Companies: (100% owned unless stated): Packaging: Blagden Packaging Ltd; Rheem Blagden Manufacturing Ltd; Rheemco Ltd; Victor Blagden (Manchester) Ltd; Victor Blagden (Barking) Ltd; H Taylor (Drums) Ltd; Clark Hunter Ltd; Neil Dryburgh & Son Ltd. Plastic Mouldings: R B Blowmoulders Ltd; Willamot Industrial Mouldings Ltd. International Packaging: NV Etabl J Verstraete SA (Belgium); TMT NV (99.21%) (Belgium); Sodepromet Belgium SA (Belgium); Plastuni SA (Belgium); Zuid-Nederlandse Metaalwarenfabriek Plametha BV (Netherlands): Blagden Emballages SA (France); August Schmalenbach GmbH & Co oH (Germany). Chemicals: Victor Blagden Chemicals Ltd; Blagden Campbell Chemicals Ltd; Blagden Chemicals Ltd. Industrial Protective and Electrical Equipment: Martindale Protection Ltd; Martindale Electric Co Ltd; lies Optical Ltd; Antile Optical Components Ltd; Solar Safety Ltd

Principal Bankers: National Westminster Bank PLC

227


28.12.86 27.12.87 £'000 £'000

Sales turnover 135,427 148,757 Profit before tax 6,043 8,022 Profit after tax 3,796 4,614 Retained profit (loss) (71) 2,281 Dividends 2,109 2,315 Dividends per share 7.2p 7.7p Earnings per share 12.9p 15.2p Share capital 7,322 7,688 Shareholders funds 37,279 42,145

Principal Shareholders: Britannic Assurance PLC (8.4%) No of Employees: UK 2,144

BLANDFORD & WEBB GROUP LTD Higher Shaftesbury Road, Blandford Forum, Dorset DT11 7EG Tel: 0258 52221 Telex: 417231

Chairman: M de L Wilson Directors: P J Webb (Managing Director), J J J Atkins, R N

Hannam, J F Harris, I R Bicheno, M Emberton, B G Hart (Technical Director), R P J Stockley, A R Thomas (Finance Director), S B Webb, N W Webb, M Webb

PRINCIPAL ACTIVITIES: The Group is engaged in growing certified herbage and cereal seed for agriculture; the preparation of animal feeds; buying and selling grain: the distribution of agricultural chemicals


Sales turnover


BOC GROUP PLC (THE) Chertsey Road, Windlesham, Surrey, GU20 6HJ Tel: (0276) 77222 Cable: BRIT OXYGEN WINDLESHAM Telex: 859363 Fax: (0276) 71333

£'000 40,000

Chairman and Chief Executive: Richard V Giordano (USA) Executive Directors: Paul G Bosonnet (Deputy Chairman),

James G Baldwin (USA), David J Craig (USA), Desmond O'Connell Jr (USA). Non-Executive Directors: Robert Malpas, Christopher Tugendhat, Patrick J-J Rich, Dick Taverne, Sir Leslie Smith, Crocker Nevin

Senior Executives: R G Page (Chief Executive, Personnel), J Barnes (Chief Executive, Finance and Group Planning), A N Rowe (Chief Executive, Corporate Communications), Marcus Murphy (Chief Executive, Legal Affairs), G Winfield (Chief Executive, Overseas Division)

PRINCIPAL ACTIVITIES: Manufacture and distribution of industrial and medical gases; cryogenic plant; medical equipment, anaesthetic pharmaceuticals, intravenous disposables; carbon graphite products and carbide: welding equipment and consumables: vacuum engineering

Trade Names: Ethrane (R), Forane (R), Alyrane, Enlon Subsidiary Companies: (100% owned unless stated): Aruba:

Antilles Industrial Gases NV. Australia: The Commonwealth Industrial Gases Ltd (87%); Elgas Ltd (44%); W A Flick & Co (Holdings) Pty Ltd (87%). Bangladesh: Bangladesh Oxygen Ltd (60%). Bermuda: Priestley Insurance Company Ltd. Brazil: BOC do Brasil Ltda. Brunei: Brunei Oxygen Sdn Bhd (25%). Canada: Canadian Oxygen Ltd. Colombia: Gases Industriales de Colombia SA (50%). Denmark: BOC Holdings Denmark ApS. Fiji: CIG Fiji Ltd (76%). Finland: Suomen Viggo Oy. France: BOC SA; Cryostar-France SA; Laboratoire Viggo SARL; Transvite SA. Germany: BOC Special Gases GmbH; Edwards Kniese & Co Hochvakuum GmbH; Pfrimmer-Viggo GmbH & Co KG (50%); Schmelter-Claas GmbH. Hong Kong: Hong Kong Oxygen & Acetylene Co Ltd (50%). India: Indian Oxygen Ltd (40%). Indonesia: PT Industrial Gases Indonesia

UNITED KINGDOM (45%). Ireland: Irish Industrial Gases Ltd. Italy: BOC SpA; Edwards Alto Vuoto SpA; Societa Vetri Speciali SpA (50%). Japan: KK Japan Helium Center (40%); Nippon BOC KK; Nissan Edwards Shinku KK (50%); Osaka Sanso Kogyo KK (49%). Kenya: East African Oxygen Ltd (66%). Malawi: Industrial Gases Ltd (45%). Malaysia: Flick Pest & Weed Control Sdn Bhd (44%); Malaysian Oxygen Bhd (35%). Mauritius: Les Gaz Industriels Ltee (20%). Netherlands: BOC BV; British Oxygen Finance BV. New Zealand: New Zealand Industrial Gases Ltd. Nigeria: Industrial Gases Ltd (30%). Norway: Odda Smelteverk A/S. Pakistan: Pakistan Oxygen Ltd (60%). Papua New Guinea: CIG Papua New Guinea Pty Ltd (65%); W A Flick & Co (Niugini) Pty Ltd (87%). Peoples' Republic of China: Shanghai BOC Industrial Gases Co Ltd (50%). Philippines: Consolidated Industrial Gases Inc (35%); Philippine Welding Equipment Inc (87%). Puerto Rico: Anaquest Inc. Singapore: Flick Pest Control Private Ltd (44%); Singapore Oxygen Air Liquide Pte Ltd (50%). Solomon Islands: CIG Solomon Islands Ltd (87%). South Africa: African Oxygen Ltd (58%); Afrox Ltd (58%); Amalgamated Medicated Services Ltd (49%); Dowson & Dobson Ltd (58%); Entabeni Hospital Ltd (43%); Glynnwood Nursing Home (Pty) Ltd (49%). South West Africa (Namibia): South West African Oxygen (Pty) Ltd (58%). Spain: BOC Medishield SA. Sweden: Mediada Export AB; Svenska BOC AB; Viggo AB. Switzerland: Airco Helex AG; BOC AG. Taiwan: Lien Hwa Industrial Gases Co Ltd (50%). Tanzania: Tanzania Oxygen Ltd (40%). Thailand: Thai Industrial Gases Ltd (39%). Turkey: Birlesik Oksijen Sanayi AS (50%). Uganda: Uganda Oxygen Ltd (66%). United Kingdom: BOC Health CAre; BOC Holdings; BOC Ltd; BOC Overseas Finance Ltd; BOC Technologies Ltd; BOC Transhield Ltd; G L Baker (Transport) Ltd; Thermit Welding (GB) Ltd (50%). US: The BOC Group Inc; BOC Inc; Edwards High Vacuum Inc; Fraser Harlake Inc; Glasrock Home Health Care Inc; Selox Inc; Spectramed Inc; US Viggo Inc. Venezuela: CA Gases Industriales de Venezuela. Western Samoa: Samoa Industrial Gases Ltd (64%). Zimbabwe: Oxygen Industries (Pvt) Ltd

Principal Bankers: Midland Bank pic Financial Information:

Sales turnover(l) Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share(2) Earnings per share(3) Share capital Shareholders funds (1) including related

companies (2) net basis undiluted (3) net basis fully diluted


BORDEN (UK) LTD

30.9.87 £'000

2,355,800 263,200 188,300 103,700 58,100 12.80p 36.86p 36.32p

116,100 1,057,400

30.9.88 £'000

2,562,200 301,500 218,600 154,800 26,700 5.85p

44.98p 44.37p

116,800 1,028,900

Rownhams Road, North Baddesley, Southampton S052 9ZB Tel: 0703-732131 Cable: Stronglu Southampton Telex: 47212 borden g Telefax: 0703 738656

Directors: R N Young (Managing Director), 0 A Kelly (USA), P J Papillo, M J Pleeth

Senior Executives: B 0 Juniper (Secretary)

PRINCIPAL ACTIVITIES: Manufacture and sale of synthetic resins, thermoplastic products, consumer products

Trade Names: Casco, Resinite, Cascamite, Epophen, AlpHaset, Betaset

Parent Company: Borden Inc., USA

228

Subsidiary Companies: Borden Bray Ltd (Eire); Humbrol Ltd Principal Bankers: National Westminster Bank PLC Financial Information:

Sales turnover

Principal Shareholders: Borden Inc. No of Employees: 889

BP CHEMICALS LTD

£'000 46,000

Belgrave House, 76 Buckingham Palace Road, London SW1W OSU

Tel: 01-581 1388 Telex: 266883 Telefax: 01-581 6411

Chief Executives: R R Knowland (Chief Executive Officer), A J S Hooper, R Saumann, C H Thompson, J N Turnbull, I Steel, J J Lamort, Dr W J Petzny, M I Bean, 0 C Campbell, 0 J C Dunstone

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals and plastics raw materials

Parent Company: The British Petroleum Co PLC Principal Bankers: Midland Bank PLC; National Westminster

Bank PLC; Drummonds Bank

BRENT CHEMICALS INTERNATIONAL PLC Ridgeway, Iver, Bucks SLO 9JJ Tel: 0753 651812 Telex: 849123

Chairman: Sir Peter Lane Directors: S C Cuthbert (Chief Executive), K Hutchings

(Finance), Dr M J Lieberman, 0 F Wilby, H W Cross, J S M Jones (Non-Executive), B A E Garner

PRINCIPAL ACTIVITIES: Production of industrial chemicals; engineering and electronic products

Subsidiary Companies: (100% owned unless stated): Ardrox Division:- Ardrox Argentina SA (62.1 %) (Argentina); Ardrox Inc (USA); Ardrox Ltd; Ardrox Ltd (UAE); Ardrox Ltd (Canada); Ardrox SA (94%) (France); Brentchem BV (80%) (Netherlands); Brent Chemicals GmbH (Germany); Brent Chemicals SpA (80%) (Italy); Brent Iberica SA (88.7%) (Spain); NV Brent SA (80%) (Belgium); Pascalis SA (France). Overseas Related Companies:- Ardrox-Agena Quimica Ltda (50.2%) (Brazil); Brent Mexicana SA de CV (43.4%) (Mexico); Productos y Especialidades Quimicas SA de CV (35.5%) (Mexico). Metal Finishing Division:- BCI Permalite Ltd; Pyrene Chemical Services Ltd; BCI (Hong Kong) Ltd (Hong Kong); BCI (Singapore) Private Ltd (Singapore). Overseas Related Company:- Pyrene Rai Metal Treatments Ltd (40%) (India). Food, Beverage and Packaging Division:-Reddish Savilles Ltd; Swale Chemicals Ltd; Winnetts Graphics Ltd; Winnetts Inks Ltd; Swale Chemicals (Pty) Ltd (66.7%) (South Africa); Swale Chemicals AG (51%) (Switzerland). Service Companies:- Brent Chemicals Corporation (USA); Brent Chemicals International BV (Netherlands)

Principal Bankers: Barclays Bank PLC; Swiss Bank Financial Information:

Sales turnover Profit before tax Retained profit Dividends per share Earnings per share Shareholders funds


31.12.86 £'000

59,000 7,320 2,360 4.6p

10.4p 17,100

BRITISH ALCAN ALUMINIUM PLC Chalfont Park, Gerrards Cross, Sucks SL9 OQS Tel: 0753 887373 Telex: 847343 Telefax: 0753 889667

31.12.87 £'000

70,600 9,110 3,270

5.2p 11.5p

15,100

Chairman: Rt Hon Lord Peyton of Yeovil Directors: 0 M Ritchie (Managing Director), P J Elton, Rt Hon

the Lord Peyton of Yeovil, R C Smith, R E Utiger, R Wagner, o Morton

Company Secretary: R H A Forbes

PRINCIPAL ACTIVITIES: The principal activity of the Group is the production and processing of aluminium, including the sale of aluminium ingot, aluminium semi-fabricated products and chemicals and the manufacture and sale of a range of related finished products

Trade Names: Alcan, Alclad, Aluglaze, Baco, Duralclad, Duralcote, Duralumin, Rigidal, Supral

Parent Company: Alcan Aluminium Ltd, Canada Subsidiary Companies: (100% owned unless stated): Primary

and Raw Materials Division: Alcan Enfield Alloys Ltd (50%); British Aluminium Alloys Ltd; British Alcan Highland Smelters Ltd; British Alcan Lynemouth Ltd; British Alcan Smelters Ltd; Lochaber Power Company; Vigeland Metal Refinery AjS (50%) (Norway). Speciality Semi-Fabricated Products Division: Alcan High Duty Extrusions Ltd; Alcan Plate Ltd; Anotec Separations Ltd; British Alcan Conductor Ltd; British Alcan Wire Ltd; British Alcan Tubes Ltd; Luxfer UK Ltd; Luxfer USA Ltd (USA). Other: BA Finance Ltd; British Alcan Pension Trustees Ltd; Ryan International PLC (6.3%) (trade investment). Extruded Products Division: Alcan Systems Ltd; Almetex Ltd; British Alcan Extrusions Ltd; Minalex Ltd. Rolled Products Division: Bacofoil Containers Ltd; British Alcan Consumer Products Ltd; British Alcan Foil (Converted Products) Ltd; British Alcan Foil (Mill Products) Ltd. British Alcan Sheet Ltd. Stockholders Division: Alcan Metal Centres (Midlands) Ltd; Alcan Metal Centres (South) Ltd; Aluminium Supply Co Ltd; Alcan Agency Sales Ltd (Eire); Alcan Metal Centres (Dublin) Ltd (Eire); Baco Aluminium Stockholders Ltd; Baco Leisure Products Ltd; Baco Ravensbourne Ltd; Blackburns (London) Ltd; British Alcan Stockholders (North) Ltd; British Alcan Stockholders (Scotland) Ltd; Coventry Metal Bars Ltd; J E Eltherington & Son (Aluminium) Ltd (33.33%); Ulster Aluminium Stockists Ltd (92.5%) (N Ireland). NonAluminium and Fabricated Products Division: Alcan Ekco Ltd (50%); Alcan Chemicals Ltd; The Alumina Company Ltd; Aluminium Corporation Ltd; BA Chemicals Ltd; Baco Contracts Ltd; British Alcan Building Products Ltd; Cambridge Glasshouse Co Ltd; Magnesium Elektron Ltd; Magnesium Elektron Inc (USA); Superform Metals Ltd; Superform USA Inc

(USA) Principal Bankers: National Westminster Bank pic; Barclays

Bank pic Financial Information:


31.12.86 £'000

636,900 35,800 34,100 34,100 49.600

283,300

Principal Shareholder: Alcan Aluminium Ltd, Montreal No of Employees: 10,897 Group

31.12.87 £'000

676,800 38.100 37,000 37.000 45,800

289,700

BRITISH PETROLEUM COMPANY PLC (THE)

BPPLC Britannic House, Moor Lane, London EC2Y 9BU Tel: 01-9208000 Cable: Beepeelond Telex: 888811

Board of Directors: Sir Peter Walters (Chairman and Managing Director), P G Cazalet (Deputy Chairman and Managing Director), Sir Lindsay Alexander, Lord Barber, The Hon Sir John Baring, B R R Butler (Managing Director). Sir Campbell Fraser, P J Gillam (Managing Director), Sir James Glover; R B Horton (Managing Director); C F Knight; R Malpas (Managing Director), Sir Robin Nicholson; Sir Alastair Pilkington, L T

229

UNITED KINGDOM Preston; P Sheehy, 0 A G Simon (Managing Director), R C Grayson (Secretary)

Group Executives: Corporate Regional and Functional Executives:- G B Jones (Europe North), J Geoffrey (Europe South), R A Fletcher (Europe USSR and East), J R Grundon (Middle East), N G S Champion (Australasia), G A H Deakin (Africa), J V Mitchell (Western Hemisphere), G E Smith (Southern Africa), Prof JIG Cadogan (Research and Development), Dr I S Holle (Health, Safety and Environment), A P Ravenscroft (Group Control and Financial Services). R F Chase (BP Finance International), J R Darley (Engineering and Technical Centre), Dr J G Buchanan (Corporate Planning), K J M Walder (Legal), C P King (Administration. Personnel). Business Chief Executives:- H E Norton (BP Exploration), J H Ross (BP Oil International), R R Knowland (BP Chemicals International), J G A Jump (BP Minerals International), 0 A Claydon (BP Gas International), R W Chadwick (BP Coal), E Brouwer (BP Nutrition), 0 J C Dunstone (BP Detergents International), B Marson-Smith (Scicon International), M R Pattinson (BP Shipping), I Steel (BP Ventures), R B Horton (The Standard Oil Company). Major BP Operating Companies:- R M Gourlay (Australia), G de Graeve (Belgium), M A Kirkby (Canada), R Bloch (France), H Buddenberg (Germany), P R C Reeves (Netherlands), R J Milward (New Zealand), I J Sims (South Africa), S Nyberg (Sweden), 0 W Kendall (UK-BP Oil), I G S Hartigan (US-BP North America)

PRINCIPAL ACTIVITIES: Parent company of one of the world's largest international oil and natural resources groups. Key strengths are in oil and gas exploration and production, supply, marketing and technology. The group has a major stake in the US through its (55%) interest in The Standard Oil Company. Other activities include chemicals, minerals, coal and nutrition

Principal Subsidiary Companies: (100% owned unless stated): BP Chemicals International; BP Coal; BP Exploration; BP International; BP Minerals International; BP Nutrition; BP Oil International; BP Petroleum Development; BP Shipping; BP Capital; BP Chemicals; BP Oil UK; Britoil; BP Austria (Austria); BP Belgium (Belgium); BP Chimie (88%) (France); BP France (81%) (France); Deutsche BP (Germany); BP Greece (Greece); BP Capital (Netherlands); BP Nederland (Netherlands); Hendrix International (Netherlands); BP Norge (Norway); BP Portuguesa (Portugal); BP Ireland (Eire); BP Espana (Spain); Svenska BP (Sweden); BP Switzerland (Switzerland); BP Petroileri (Turkey); BP Middle East; BP Africa; BP Southern Africa (South Africa); BP Hong Kong Trading (Hong Kong); BP Japan Trading (Japan); BP Malaysia (74%) (Malaysia); BP Singapore (Singapore); BP Australia (Australia); BPCA Finance (Australia); BP Developments Australia (USA); BP New Zealand (New Zealand); BP Canada (57%) (Canada); BP America (USA); Standard Oil (USA)


31.12.87 £'000

Sales turnover 28,328,000 Profit before tax 2,387,000 Profit after tax 1,602.000 Retained profit 665,000

Dividends 726,000 Dividends per share 12.5p Earnings per share 24.9p

Share capital 1,503,000 Shareholders funds 10,693,000

No of Employees: Non-UK: 97,000, UK: 28,950

BSS GROUP PLC Fleet House. Lee Circle, Leicester LE1 3QQ Tel: 053323232 Cable: Boss Leicester Telex: 342761 BSSG Telefax: 0533531343

31.12.88 £'000

25,922,000 2,077,000 1,254,000

387,000 823,000

13.5p 20.0p

1.536,000 11,518,000

UNITED KINGDOM Chairman: I H Phillipps

Directors: P Cooper (Managing), A 0 Milne (Financial), P R Pollard, I H Phillipps, E W Tyerman, R 0 Thompson (Secretary), P W Donovan, R Fuggle (Marketing Director)

PRINCIPAL ACTIVITIES: Distributors of equipment, especially pipelines for steam, gas, air, chemicals, oil and water

Trade Names: BSS, Manor, Ivco Process Valves Ltd, A.M. Supplies (Pumps and Controls) Ltd

Subsidiary Companies: The British Steam Specialities Ltd; Manor Building and Plumbing Supplies Ltd; BSS (Ireland) Ltd (Eire), Ivco Process Valves Ltd; A.M. Supplies (Pumps and Controls) Ltd

Principal Bankers: Midland Bank PLC


31.3.86(1)

£'000

Sales turnover(2) 94,815

Profit before tax(3) 7,289

Profit after tax(4) 4,485

Extraordinary charge


Dividends 1,113

Dividends per share total 7.75p


Share capital 3,675


(1) restated

(2) continuing and discontinued businesses

(3) and extraordinary charge

(4) before extraordinary charge


BTP PLC Hayes Rd, Cadis head, Manchester M30 5BX

Tel: 061-7753945; 8336

Cable: Cresol, Cadis head Manchester

Telex: 669938

Telefax: 061-775 3970

Chairman: F W Buckley (also Managing Director)

31.3.87

£'000

86,461

7,831

5,039

985

2,347

1,707

9.25p

27.4p

3,689

24,905

Directors: J H B Ketteley (Deputy Chairman), R A Pargeter, 0 F Tierney, E West, S J Hannam

PRINCIPAL ACTIVITIES: Chemical manufacturers, storage contractors, merchants, packaging

Subsidiary Companies: (100% owned): ORT (South Lancs) Ltd; BTP Cocker Chemicals Ltd; BTP Storage Ltd; William Pearson Ltd; Britpack Ltd; The Cavendish Syndicate Ltd; Oil Rail Terminals (Leeds) Ltd; Perrite Ltd; R S Lawrence & Co (Leathers) Ltd; William Clarke Currying Co Ltd; Mydrin Ltd; Tor Coatings Ltd; Barrow Hepburn Equipment Ltd; Barrow Hepburn Group pic; Nipa Laboratories Ltd; Hodgson Chemicals Ltd; W E Lewisham (Merchants) Ltd (New Zealand); Nipa Laboratories Inc (USA); Isinglass Manufacturers Ltd; Pearce Pelly Ltd; James Vickers Ltd; Higgin & Wood Ltd; Hallams Ltd; Morrison Carpenter & Co Ltd; 1M Financial Services Ltd; J A Sheriffs & Co Ltd; Dufay Bitumastic pic; Wailes Dove Bitumastic pic; Wailes Dove Contractors Ltd; Barford Chemicals Ltd; Fibretex Ltd; Graesser Laboratories Ltd


230


31 .3.86

£'000




Retained profit 897

Dividends 1,674

Dividends per share 4.5p


Share capital 3,932



BULLOUGH PLC 21 The Crescent, Leatherhead, Surrey KT22 8DY

Tel: 0372 379088

Telefax: 0372 362007

Chairman: 0 B Battle

31.3.87

£'000

60,975

5,948

3,717

1,580

2,183

5.5p

9.32p

5,772

28,523

Directors: R J Steel (Managing), R J Overend (Financial), P H C Mathiesen, M C Stoddart, A N Solomons

PRINCIPAL ACTIVITIES: Manufacturers of office furniture and library equipment, raised computer and office floors, shop display equipment, refrigerated systems and refrigerated cabinets, alternators, flameproof electric motors and specialised small electric motors, car jacks and equipment for agricultural machinery, trailer brakes and twistlocks, torque tools, wire and wire products, commercial vehicle components, grinding wheels and specialised hand tools, "pigs" for oil and gas pipeline cleaning, warm air central heating equipment, epoxy resin flooring, TV and audio cabinets; supply of office shredding and binding equipment, photographic albums and office accessories

Trade Names: Beanstalk, Hago, Goldring, Torqueleader, Project, Propaflor, Newton Derby, Morley, SEM, Metallifacture, Pipeline, Johnson & Starley, BABS, WEB

Subsidiary/Associated Companies: Abrasive Products Ltd; Beanstalk Ltd; Hago Products Ltd; Johnson & Starley Ltd; Library Design & Engineering Ltd; Metallifacture Ltd; MHH Engineering Ltd; The Morley Electrical Engineering Ltd; Multistroke Handbrake Controls Ltd; Newton Derby Ltd; Pipeline Engineering & Supply Co Ltd; John Pring & Son Ltd; Project Office Furniture pic; ARI Propaflor Ltd; SEM Ltd; George Barker & Company (Leeds) Ltd; BABS International Ltd; WEB International Ltd; Seamless Surfaces Ltd; Sempol Surfaces Ltd; Boulter Boilers Ltd ; Brymite Ltd; Fields (Southwold) Ltd; RL T Reznor GmbH; General Refrigeration Ltd; Hubbard Commercial Products Ltd; Hubbard Engineering Co Ltd; Hubbard Refrigeration Ltd; Hubbard-Reader Group; Atal SA; Cousin Malbran SA

Principal Bankers: Royal Bank of Scotland PLC; National Westminster Bank PLC; Barclays Bank PLC; Singer & Freidlander Ltd


31.10.87 31.10.88

£'000 £'000







Earnings per share 36.31 p 44.67p




BURMAH OIL PLC (THE) Burmah House, Pipers Way, Swindon, Wilts. SN3 lRE Tel: 079330151 Cable: BURMOILO SWINDON Telex: 449221 Telefax: 079330151 XTN 2401

Chairman: J N Maltby (and Chief Executive) Directors: RNA Wood (Finance Director), J M Fry (Chief

Executive, Lubricants and Fuels), H S Mellor (Non-Executive), G C Butcher (Non-Executive), R Halstead (Non-Executive), L M Urquhart (Managing Director), J H Ellicock (Chief Executive, Speciality Chemicals), R C Shaw (Non-Executive), M J Cooper (Chief Executive, LNG Transportation: Energy Investments)

Senior Executives: J B Jones (Secretary)

PRINCIPAL ACTIVITIES: The company's main business activities are centred on the international manufacture and marketing of specialised oil and chemical products and the transport of liquified natural gas. Lubricants marketing operations are carried on through CASTROL worldwide. The company has two ultra-large crude carriers and eight line chartered LNG ships engaged in the transportation of LNG from Indonesia to Japan. The company provides products and services through some thirty companies internationally in five speciality chemicals areas: adhesives, coatings, printing inks, sealants and water treatment. Also manufactures and markets car-care products under the SPECTRA and SIMONIZ brand names

Trade Names: Castrol, Veedol, Expandite, Solignum, Sericol, Dussek Campbell, Spectra, Apex, Major, Burmah, Simoniz

Subsidiary Companies: (100% owned unless stated): LUBRICANTS AND FUELS:-Burmah-Castrol (UK) Ltd; Apex Petroleum Ltd; Burmah-Castrol Industrial Ltd: Castrol Ltd: Major & Co Ltd: Spectra Brands Pic: Simoniz International Ltd; Veedol International Ltd: Burmah Castrol (Ireland) Ltd (Eire): Castrol Austria GmbH (Austria): Castrol NV (Belgium): Laminol NV (Belgium); Veedol Belgium NV (Belgium); Castrol AjS (Denmark): Biosoph Laboratories SARL (France): Burmah France SA (France): Castrol SA (France); Castrol Italiana SpA (Italy); Castrol Nederland BV (Netherlands); Castrol Norge AjS (Norway): Burmah Espana SA (Spain); Castrol AB (Sweden); AB Svenska Uno-X (Sweden): Castrol (Switzerland) AG (Switzerland); Veedol (Switzerland) AG (Switzerland); The Burmah Oil (Deutschland) GmbH (West Germany); Consulta Chemie GmbH (West Germany); Deutsche Castro I GmbH (West Germany): Deutsche Castrol-Industrieoel GmbH (West Germany): Horst Stirnberg GmbH (West Germany); Deutsche Veedol GmbH (West Germany); Castro I Australia Pty Ltd (Australia): Castrol (Hong Kong) Ltd (Hong Kong); Indrol Lubricants & Specialities Ltd (40%) (India); Castrol KK (Japan): Castrol (Malaysia) SB (60%) (Malaysia); Castrol NZ Ltd (New Zealand): The Burmah Oil Company (Pakistan Trading) Ltd (Scotland); Castrol (Far East) Pte Ltd (Singapore); Castrol South Africa (Pty) Ltd (South Africa); Castrol (Thailand) Ltd (49.95%) (Thailand); Castrol Zimbabwe (Pvt) Ltd (Zimbabwe): Castrol Brasil Ltda (Brazil); Castrol Canada Inc (Canada): Castrol Chile SA (Chile); Castrol del Peru SA (Peru); Castrol Inc (USA); Henry E Sanson & Sons Inc (USA): Van Straaten Corp (USA). SPECIALITY CHEMICALS: Burmah Speciality Chemicals Ltd. Adhesives: Bonding Systems Ltd: Industrial Adhesives Ltd; Columbia Cement Co Inc (USA). Coatings: Dussek Campbell Ltd: Solignum Ltd: Dussek Campbell Pty Ltd (Australia); Dussek Bros (SA) (Pty) Ltd (51%) (South Africa): Dussek Campbell Ltd (Canada): National Wax Company (USA): Yates Manufacturing Co (USA). Printing Inks: Sericol Group Ltd; Sericol SARL (France); NazDar Europe SARL (France): Sericol AG (Switzerland); Sericol GmbH (West Germany); Midwest Coatings Inc (USA); Sealants: Expandite Ltd; ExpanditeSecomastic AjS (Denmark); Expandite Norge AjS (Norway); Expandite (Ireland) Ltd (51%) (Eire); Expandite Asociada Iberica SA (80%) (Spain); Expandite Deutschland GmbH (West Germany); Expandite (Australia) Pty Ltd (Australia); Expandite

231

UNITED KINGDOM Interswiss Ltd (Hong Kong); Expandite SB (70%) (Malaysia); Expandite Ltd (New Zealand); Glamatex Products Ltd (New Zealand); Expandite (Pte) Ltd (Singapore); Expandite (Pty) Ltd (South Africa); Expandite (Private) Ltd (Zimbabwe). Water Management: Burmah Technical Services Inc (USA); Environmental Laboratories Inc (USA); Perolin Inc (USA). SHIPPING: Burmah Oil Tankers Ltd (Bermuda). LNG:- Burmah Transport Holdings Ltd (Bermuda); Burmah Gas Transport Ltd (liberia): Burmah LNG Shipping Inc (USA). ULCCs:Burmah Endeavour Ltd; Burmah Enterprise Ltd: Burmah Vessel Operations Ltd. ENERGY INVESTMENTS: Burshane (Pakistan) Ltd (31.7%) (Pakistan): Pakistan Burmah Shell Ltd (24.5%) (Pakistan); Pakistan Petroleum Ltd (49.96%) (Pakistan); Pakistan Refinery Ltd (15%) (Pakistan); Premier Consolidated Oilfields pic (24.9%); Sui Northern Gas Pipelines Ltd (6.74%) (Pakistan). GROUP MANAGEMENT: Burmah America Inc (USA); Burmah Oil Australia Ltd (Australia): Burmah Oil Inc (USA); Burmah Oil (South Africa) (Pty) Ltd (South Africa): Burmah Oil Trading (1985) Ltd; Burmah Oil Trading Ltd; Cairngorm Insurance Ltd (Guernsey); Unihold Ltd (South Africa):

PrinCipal Bankers: Barclays Bank PLC Financial Information:

Sales turnover' Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Shareholders funds 'net of duties


CANNING, W, PLC

31.12.86 £'000

1,322,000 105,900

56,000 9,600

25,200 14.00p 33.54p

191,800 457,700

31.12.87 £'000

1,195,500 128,900 73,500 43,100 29,600 16.50p 41.51 P

192,500 376,400

Canning House, St Paul's Square, Birmingham B3 lOR Tel: 021-236 8224 Cable: Materials. Birmingham Telex: 265871 quoting WCG 002 Fax: 021-236 3320

Chairman: D H Probert Directors: R G Brown, F J Essex, T A J Lamb, WEI Galloway Senior Executives: A W Smith (Secretary)

PRINCIPAL ACTIVITIES: Chemicals and allied materials for the surface finishing industry; electronic components; bullion dealer; precious metal recovery and sales; metal cutting oils and specialised fluids, lubricants, fire resistant fluids, jointing compounds, sealants and adhesives, water treatment chemicals; adhesive tapes; manufacture of fixed and removable dentures; supply of durable medical equipment, clinical management services covering respiratory therapy

Trade Names: Canning, Nisol, Airflow, Bondal, Hylomar. Erifon Subsidiary Companies: (100% owned unless stated): Chemicals

and allied materials:- W Canning Materials Ltd; Osro-Canning Ltd; W Canning GmbH (Germany); Marston Lubricants Ltd; Isaac Bentley & Co Ltd; Marston Oelchemie GmbH (Germany); Burnaby & Chantrell Ltd; Marston Bentley Inc (USA): Bayport Chemical Service Inc (USA); Northern Adhesives Ltd; Water Management Chemicals Ltd; Wright Industrial Services Ltd; Domsel GmbH (Germany); Gymcol SA (Spain); L J Specialities Ltd; Societe des Adhesifs de Bellegarde-Ain SA (France). Precious metals:- John Betts Refiners Ltd; W Canning Refiners Ltd; JBR Ltd. John Betts Inc (USA). Electronics:- Euromega SA (France); Ing. Theo Henskes GmbH; Ditronlc GmbH; Servitronic GmbH (Germany). Associated Company: Medical Services:- Medserv Corp (44%) (USA)

Principal Bankers: Barclays Bank PLC; lIoyds Bank PLC




CARLESS PLC 90 Long Acre, London WC2E 9RD Tel: 01-8361577 Telex: 01-8956787 CARCAP G Telefax: 01-379 5593

Chairman: John T Leonard

31.12.86 31.12.87 £'000 £'000

72,662 95,343 3,019 6,077 1,701 3,567 1,111 6,696

680 965 4.0p 5.3p

9.56p 19.10p 4,249 4,550

12,304 19,299

Directors: I M Clubb (Managing Director), E Bosshard (Executive Director), K Turner (Executive Director), MAP Agius (Non Executive Director), R F J Spier (Non-Executive Director), R Rayne (Non-Executive Director), B H Neale (Executive Director), P G Simond (Non-Executive Director)

Senior Executives: R C Cars ley (Secretary)

PRINCIPAL ACTIVITIES: Holding company of group involved in oil and gas production and exploration, the refining, marketing and distribution of petroleum, hydrocarbon solvents and petrochemicals

Subsidiary Companies: Anglo Petroleum Ltd; Argotill Petroleum Ltd; Bulldog Petroleum Ltd; C & M Property Investments Ltd: Enerco Ltd; Petrogas Distribution Ltd; Quest Petroleum Ltd. Carless Exploration (Caledonian) Ltd; Carless Exploration (Shetlands) Ltd; Carless Exploration Ltd; Carless International Ltd; Carless Investments Ltd; Carless Lubricants Ltd. Carless Petroleum Ltd: Keburn Oil Ltd; Torch Petroleum Ltd. Carless Properties and Securities Ltd; Carless Refining & Marketing Ltd. Castle Snow Ltd: Castle Fuels Ltd. City Oil Exploration Ltd; E.K. Fuel Services Ltd; Holden Fuels Ltd. J.O. Buchanan & Co Ltd: J.O. Buchanan (Engineering) Ltd; Oil Industrial Laundering Services Ltd; Renfrew Truck Services Ltd. J.O. Buchanan (Fuels) Ltd; Jensen Lawson and Co Ltd; Kidderminster Oil Ltd. Pentagon Chemicals Ltd: Pentagon Chemicals Holdings Ltd; Pentagon International Ltd; Pentagon Synthetics Ltd. Percy & Halden (Holdings) Ltd: Percy & Halden (Edible Products) Ltd; Percy & Halden Ltd. Rugdean Ltd. Sigas Ltd: S.G.M. (Shaw Grinding & Marsdens) Ltd; Sigas Industrial Ltd; Sigas Ltd (Eire); Southern Industrial Gases Ltd. The Winterbottom Energy Trust Ltd; Wessex Fuels Ltd


31.3.87 £'000

Sales turnover 104,927 Profit before tax 3,818 Profit after tax 1,298 Retained profit (loss) (341) Dividends 3,153 Dividends per share 2.75p Earnings per share 1.10p Share capital 12,802 Shareholders funds 84,743


CENTRAL AND SHEERWOOD PLC Caldwell Rd, Nuneaton, Coventry CV11 4NE Tel: 0203 341211 Telex: 311246 Telefax: 0203370565

31.3.88 £'000

125,703 6,821 3,904

117 3,787 2.75p 2.30p

17,713 117,872

232

Chairman: R J Rimington Directors: K F H Maxwell, G Robinson (Non-Executive)

PRINCIPAL ACTIVITIES: Holding company of a group which has industrial interests: manufacture of cranes and draglines; plant and equipment for the water treatment, petrochemical, iron and steel industries; aluminium castings and components; printing and publishing

Subsidiary Companies: New10n Chambers & Co Ltd; Ransomes & Rapier PLC; Holcombe Holdings PLC; A L Dunn & Co Ltd; Coventry Apex Engineering Co Ltd; The Sheerwood Trust Ltd; The Standard Catalogue Co Ltd; The Whitefriars Press Ltd

Principal Bankers: Bank of Scotland; Barclays Bank PLC; Midland Bank PLC


Sales turnover (Loss) before tax Retained (deficit) (Loss) per share' Shareholders funds (deficit) 'ordinary

£'000 40,700 (3,720) (3,530) (5.04p) (1,780)

Principal Shareholders: Pergamon Holdings (29.5%) No of Employees: 683

CENTURY OILS GROUP PLC

£'000 38,400 (2,300) (1,810) (1.07p) 1,840

Century Works, New Century Street, Hanley, Stoke-on-Trent sn 5HU

Tel: 0782 29521 Telex: 36213 centoil Telefax: 0782 202072

Chairman: C H Mitchell (also Managing Director) Directors: W B Walker, A Greenhalgh (Financial Director), D

Spilsbury (Sales), A E Ware, H A Mayor III Senior Executives: P J Windows (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture and distribution of lubricants, and allied products

Trade Names: Aqua Cent, Solcenic, Centrex Gold, Century Supreme 20W/50, PWL Hydraulic Oils, Duo Cent

Subsidiary Companies: Century Oils Ltd; Century Oils International Ltd; Braybrooke Chemical Services Ltd

Principal Bankers: National Westminster Bank PLC; County Bank Ltd




CH INDUSTRIALS PLC

31.3.87 £'000

88,300 5,960 2,250 5.75p 17.0p

22,200

33 Cavendish Square, London W1 M 9HF Tel: 01-491 7860 Telex: 266498 Telefax: 01-491 2457

Chairman: T M Hearley

31.3.88 £'000

92,300 5,220 1,550 6.00p 11.6p

35,200

Directors: J R Kinder (Managing Director), R J S Barker, J C Douglas, R T S Macpherson, R A Smith

Senior Executives: G C Zielinski

PRINCIPAL ACTIVITIES: The Group is prinCipally engaged in specialist engineering and design; the manufacture of chemicals, polymers and paint; the manufacture of household products and furnishings; the manufacture of office products and shopfittings and the management and development of industrial property

Subsidiary Companies: (100% owned unless stated): Specialist Engineering & Design:- Aldo-Manta Ltd ; Aston Martin Tickford Ltd (85%); Auto Springs Ltd; Beclawat Pic; William Deakin Ltd; Diplomat Technical Ltd; DMI Holdings Ltd; Haliite Diplomat Plastics Ltd; Motor Panels (Coventry) Ltd; Schade Bruce Ltd; Tudor Webasto Ltd (50%). Chemical and Polymer Products:- Calnay Ltd; Cementone-Beaver Ltd; Cheri-Foam Ltd; Curled Hair Ltd; Featly Products Ltd. Household Products & Furnishings:- Coventry Hood & Seating Co Ltd; L Fischer Ltd; Gripperrods International Pic; Morgan Soft Trim Ltd. Office Products & Shopfitting:- Parnali & Sons Ltd; Siegel & Stockman Ltd. Property & Investment:- Oceanic Commercial Holdings Ltd (Isle of Man); Protea Estates Ltd; Protea Investments Ltd; Protea Properties Ltd

Principal Bankers: Lloyds Bank PLC; Barclays Bank PLC; Bank of Scotland


28.3.87

£'000





Dividends 1,159


Earnings per share(1) 11.07p


Share capital 8,128


(1) undiluted

(2) diluted


CHAMBERLAIN PHIPPS PLC Wood St, Higham Ferrers, Northants NN9 8HH

Tel: 0933 53084

Telex: 31517 CHAFIP

Telefax: 093350867

2.4.88

£'000

110,019

9,330

6,890

3,866

2,380

3.75p

14.50p

12.67p

10,598

38,070

Chairman: 0 W A Chamberlain (and Chief Executive)

Directors: 0 F Halewood (Joint Managing Director), G A H Palfreyman (joint Managing Director), C G Wyman (Finance Director), I H Phillipps (Non-Executive), T Weatherby (NonExecutive)

Senior Executives: P R Wright (Secretary)

PRINCIPAL ACTIVITIES: Manufacture and sale of a wide range of products, the chief of which are adhesives, specialty chemicals, insulation cladding, footwear materials and components

Principal Subsidiary Companies: (100% owned unless stated): Barnet Devanney Group Ltd; Beacon Management Services Ltd; Chamtek Ltd; Chamberlain Shoe Components Ltd ; Chamberlain Phipps International Ltd; M & B Transport (Northampton) ltd; Salpa-Kay ltd: Chamberlain Phipps Hong Kong Ltd (75%) (Hong Kong); Chamberlain Phipps Italia SpA (98%) (Italy); Chamberlain Phipps (SA) (Pty) (82%) (South Africa); Ferrabond (Pty) (64%) (South Africa): Michaud Phipps SA (87%) (France); Phipps-Faire (Australia) Pty Ltd (Australia): Plaskem Holdings Pty Ltd (85%) (Australia): Tanner Chemical Company Inc (92%) (USA); Vinaflex Canada Ltd (89%) (Canada). Related companies: Plastic Spools Ltd; Phipps Rocol ltd (34%) (New Zealand)


233


31.3.86 £'000

Sales turnover 97 ,914 Profit before tax 5,137 Profit after tax 2,955 Retained profit (loss) (552) Dividends 1,449 Dividends per share 4.05p Earnings per share 6.87p Authorised share capital 4,500 Issued share capital 3,798 Shareholders funds 16,941


CIBA-GEIGY PLC 30 Buckingham Gate, London SW1 E 6LH Tel: 01-8285676 Telex: 917011 CIGYLN Telefax: 01-828 4743

Chairman: A A S Rae

31.3.87 £'000

106,090 5,929 3,841 1,184 1,735 4.75p 9.17p 4,500 3,884

17,210

Directors: J S Fraser (Australian, Group Managing Director and Chief Executive Officer), Sir David Nicolson, Sir David Orr, Dr R Saemann (Swiss), G A Brazel, Dr F L'Eplattenier, H R Durr (Swiss)

Senior Executives: R E Walker (Secretary)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemicals and photographic products and equipment; dyestuffs , pharmaceuticals, pigments, resins and adhesives

Parent Company: CIBA-GEIGY AG, Switzerland Subsidiary Companies: (100% owned unless stated): The

Clayton Aniline Co Ltd: Ciba-Geigy Chemicals Ltd ; Ciba-Geigy (Financial Services) PLC; ILFORD ltd. Ordinary/Common shares held by ILFORD Ltd: ILFORD (Australia) Pty Ltd (Australia); ILFORD Photo AB (Sweden); ILFORD Photo A/S (Denmark); ILFORD Photo BV (Netherlands); ILFORD Inc (USA); ILFORD Photo (Canada) Ltd (Canada); ILFORD Photo SpA (80%) (Italy)

Principal Bankers: National Westminster Bank PLC: Midland Bank PLC; Barclays Bank PLC; Royal Bank of Scotland; Lloyds Bank PLC


Sales turnover Profit before tax Profit after tax Retained profit' Share capital ' end of year

31 .12.86 £'000

625,503 26,361 25,830 93,834 58,145

Principal Shareholders: CIBA-GEIGY AG No of Employees: 7,170 (UK), 491 (Overseas)

COALITE GROUP PLC

31.12.87 £'000

693,026 13,571 13,230

104,645 58,145

Buttermilk Lane, Bolsover, Chesterfield, Derbyshire S44 6AB Tel: 0246 822281 Cable: Coalite, Bolsover Telex: 54250 coalte g Telefax' 0246 240044

Chairman: Rt Hon E G Varley Directors: P A Fowler (Managing Director), A W Beasley, 0

Britton, B Cooper, C E Needham, Sir John Sparrow, H Schofield, G R Wallace, R V Wood

Senior Executives: F Clifford (Secretary), Peter M Green (Public Relations and Advertising)

PRINCIPAL ACTIVITIES: Manufacture of solid smokeless fuel, oil and chemicals processing; fuel distribution; vehicle building and distribution; transport, warehousing and shipping services; builders merchandising; instrument manufacture and sheep farming in the Falkland Islands; waste disposal and industrial cleaning services; quarrying; oil and gas exploration

UNITED KINGDOM Trade Names: Coalite Subsidiary Companies: Coalite Fuels & Chemicals Ltd; Coalite

Oilex Ltd; Furnace Instruments Ltd; The Amalgams Co Ltd; Charringtons Fuels Ltd; Hargreaves Fuel & Shipping Ltd; Hargreaves Industrial Services Ltd; Hargreaves Oil Trading Ltd; Hargreaves Quarries Ltd; Pozament Ltd; Hargreaves Clearwaste Ltd; Chemical Vessel Services Ltd; ChatfieldsMartin Walter Ltd; Hargreaves Vehicle Distributors Ltd; Dormobile Ltd; Bralley-Willett Tank Lines Inc (USA); The Dundee Perth & London Shipping Co Ltd; The Falkland Islands Co Ltd

Principal Bankers: Lloyds Bank PLC Financial Information:

30.3.87 £'000

30.3.88 £'000

Sales turnover 492,920 615,590 Profit before tax 42,976 Profit after tax 28,196 Retained profit 19,642 Dividends 8,554 Dividends per share 8.75p Earnings per share 31.02p Share capital 24,393


COATES BROTHERS PLC 4-5 Grosvenor Place, London SWIX 7HJ Tel: 01-235 9955 Telex: 21432 INKADG Telefax: 01-235 7856

Chairman: D J Youngman (and Chief Executive). Deputy Chairman: S Olszowski

45,531 30,485 20,883

9,602 9.80p

31.16p 24,478

Directors: J B C Darroch, R Jordan, K R Kemp, I M Meredith, A G North, J P Walters

Senior Executives: A E Lascelles (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of printing inks, synthetic resins and other surface coatings

Subsidiary Companies: (100% owned unless stated): Coates Brothers Inks Ltd; Cray Valley Products Ltd; Coates of Scotland Ltd; Coates Industrial Finishes Ltd; Coates Graphic Products Ltd; Coates Electrographics Ltd; Coates Export Ltd; Coates International Ltd; Coates Special Products Ltd; Coates Paste Inks Ltd; Coates Liquid Inks Ltd; Colour Management for Printers Ltd; Advance Building Products Ltd; Coates of Ireland Limited (80%) (Eire); Coates France SA (France); Cray Valley SA (France); Vendelboe A/S (99%) (Norway); AjS Drubin (85%) (Denmark); SA Cray Valley Products NV (Belgium); Coates Brothers GmbH (Germany); Colonial Printing Ink Corporation (USA); Coates Reprographics Inc (USA); Coates Brothers Inks (USA) Inc (USA); Coates Brothers Inc (USA); Cray Valley Products Inc (USA); Advanced Systems Inc (USA); Coates Brothers Australia Pty Ltd (99%) (Australia); Coates Systems Pty Ltd (99%) (Australia); Coates Brothers (NZ) Ltd (New Zealand); Coates Brothers (South Africa) Ltd (68%) (South Africa); Coates Brothers (Central Africa) (Private) Ltd (Zimbabwe); Coates Inks (CA) (Private) Ltd (Zimbabwe); Photo Litho Products (Private) Ltd (Zimbabwe); Coates Brothers (East Africa) Ltd (Kenya); Coates Brothers (West Africa) Ltd (60%) (Nigeria); Coates Brothers (Zambia) Ltd (Zambia); Coates Brothers (Singapore) Private Ltd (Singapore); Coates Brothers (Graphic Supplies) Singapore Private Ltd (Singapore); Coates Brothers (Malaysia) Sdn Bhd (70%) (Malaysia); Coates Brothers (Hong Kong) Ltd (Hong Kong); P T Coates Indonesia (65%) (Indonesia); Coates Brothers (Caribbean) Ltd (85%) (Trinidad); Coates Brothers (Graphic Supplies) Caribbean Ltd (Trinidad); Coates Brothers (Jamaica) Ltd (60%) (Jamaica); Coates Brothers (Graphic Supplies) Jamaica Ltd (Jamaica). Principal Associated Companies: Coates of India Ltd (40%); Prisma SA (31%). Post balance sheet event: Coates Brothers PLC acquired the entire issued share capital of Lorrilleux International SA from CdF Chimie SA on 1 st February 1988

234

by issuing to CdF Chimie SA 8,576,755 new ordinary shares and 11,729,170 new 'A' ordinary shares (market value approximately £56.8 million

Principal Bankers: National Westminster Bank PLC; Midland Bank PLC


£'000 £'000 Sales turnover 194,416 209,408 Profit before tax 14,271 21,889 Profit after tax 8,217 13,390 Retained profit 4,515 9,638 Dividends 2,309 3,156 Dividends per share 5.70p 7.70p Earnings per share 19.44p 31.95p Share capital 10,144 10,144 Shareholders funds 70,960 74,108

Principal Shareholders: Societe Chimique des Charbonnages -CdF Chimie SA (40.91%)


COMBUSTION ENGINEERING LTD Gunnels Wood Road, Stevenage, Herts SG1 2EL Tel: 0438 742366 Telex: 82281 Telefax: 0438742367

Chairman: Colin Trow (and Managing Director) Directors: C Tarn, I Macleod, A McKinnon, T Kehoe, R Masson,

C Barnett

PRINCIPAL ACTIVITIES: Manufacture of equipment for the process and power engineering industries

Parent Company: Combustion Engineeering Inc, USA Subsidiary Companies: Offshore Production Systems Ltd Principal Bankers: Lloyds Bank PLC


CONOCO LTD Park House, 116 Park Street, London W1 Y 4NN Tel: 01-493 1235

Chairman: G W Edwards Directors: T Moore (Managing Director), N G Roden (USA), D B

Skogen (USA), D C Cole, W S Atkinson, D Watts, R Ramage, T P Edwards, J A Hodson, C H Lee (USA), W Brandmayr (Germany)

Senior Executives: F Purdy (Secretary)

PRINCIPAL ACTIVITIES: Trade, storage and sale of petroleum products

Parent Company: E.I. Du Pont de Nemours & Co, USA Financial Information:

Sales turnover Profit before tax Profit (loss) after tax Retained (loss) Dividends Shareholders funds


COOKSON GROUP PLC

31.12.86 £'000

1,672,700 106,200 63,600

(29,400) 93,000

454,600

31.12.87 £'000

1,415,300 10,200

(10,700) (10,700)

443,900

Clements House, 14-18 Gresham St, London EC2V 7 AT Tel: 01-6064400 Cable: Cokson London EC2 Telex: 884141 CSN Rapifax: 01-6062851

Chairman: I G Butler Directors: M J G Henderson (Chief Executive), J L Bickers

(Director Human Resources), Riley (Managing Director), Sir Peter Matthews, Sir Nigel Mobbs, F F C Munro (Director

Finance and Planning), R M Oster (Managing Director, (USA), M Sindzingre, B de Villemejane

Senior Executives: T W Waller (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacturing and processing materials for use in industry including smelting, refining and fabricating non-ferrous metals and the manufacture of chemicals, ceramics, plastics, refractory and printing products

Subsidiary Companies: (100% owned unless stated): Cookson Group pic has over 150 subsidiary companies. The Principal ones are: Cookson Materials Division:- Cookson Industrial Materials Ltd; Frank Horsell Group pic; Plibrico Company (headquarters in Germany-sites in 10 other countries); Kent Chemical Company. Related Companies: Zimco Ltd (South Africa); Chemson GmbH (50%) (Germany). Cookson Fry Division:- Fry's Metals Ltd; Alpha Metals Ltd; Fry's Diecasting Ltd; Trent Alloys (Repton) Ltd; Wolverhampton Die Casting Ltd; Metal Castings Ltd; The Mining Company of Ireland & Strachan Brothers Ltd (Eire); Alpha Metals SpA (Italy): Alpha Metals SARL (France); Eyre Smelting Ltd (74%) (India); Related Company: Alpha Grillo Lotsysteme GmbH (50%) (Germany). Cookson Ceramics and Antimony Division:Cookson Ceramics & Antimony Ltd; Almitalia SpA (97%) (Italy): Colorificio Ceramico Faenza SpA (Italy); Almiberia SA (80%) (Spain). Related Company: Lucas Cookson Syalon Ltd (50%). Cookson America Division:- Alpha Metals Inc (80%) (USA); Anzon Inc (USA); Cookson Graphics Inc (USA); Cookson Market Tin Inc (USA); C B Edwards & Co Inc (USA); A J Oster Co (USA); Federated-Fry Metals Inc (80%) (USA): Hammond Engineered Plastics Corp (USA): Key-Tech Inc (80%); Monmouth Plastics Inc (USA); Stern Metals Inc (USA); TAM Ceramics Inc (USA): Texapollnc (80%) (USA); Weiner Metals Inc (80%) (USA); Polyclad Laminates Inc (USA); Electrovert Ltd (Canada); Alpha Metals Ltd (Hong Kong); Vesuvius Crucible Company (USA). Titanium Dioxide:- Related company: Tioxide Group PLC (50%): Principal wholly owned subsidiaries of Tioxide Group PLC: Tioxide UK Ltd; Tioxide Canada Inc (Canada); Tioxide France SA (France); Australian Titanium Products Pty Ltd (Australia): Tioxide Espana SA (Spain); Tioxide Italia SpA (Italy). Holding and Service Companies:- Cookson (Europe) SA (Switzerland): Cookson America Inc (USA); Cookson Investments Ltd (UK): Cookson Overseas Ltd (UK); Mainsail Insurance Ltd (Bermuda)

Principal Bankers: lIoyds Bank PLC: Midland Bank PLC; Barclays Bank PLC


£'000 £'000 Sales turnover 972,100 1,188,800 Profit before tax 94,500 Profit after tax 60,200 Retained profit 32,200 Dividends 14,600 Dividends per share 8.75p Earnings per share net 41.5p Share capital 71,600 Shareholders funds' 308,600 'ordinary

Principal Shareholders: Imetal SA (11.8%), France No of Employees: 11,815 Group

CORNING LTD Wear Glass Works, Sunderland, Tyne & Wear SR4 6EJ Tel: 091 567 6222 Cable: Greener Sunderland Telex: 53146 Telefax:091 5670116

Chairman: D W Swindells

143,800 93,600 67,700 21,800 12.00p 54.2P

92,200 495,700

Directors: J A Brown, R D D McMurtrie (Finance Director), P C Hagan (Commercial Director, Process Systems), A K Maciver, J Morris (Manufacturing Director), G W Parkhouse (Commercial Director, Consumer), L Wilson

Senior Executives: G E Tate (Company Secretary)

235

UNITED KINGDOM PRINCIPAL ACTIVITIES: Design, manufacture and marketing of

consumer glassware and industrial process systems and of electronic components

Trade Names: Pyrex, aVF, Vision Parent Company: Corning International Corporation, USA Subsidiary Companies: Corning (Holdings) Ltd; Acecrest Ltd;

Villabrook Ltd; Corning AB Principal Bankers: Barclays Bank PLC Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit (loss) Dividends Dividends per share Earnings per share Share capital Shareholders funds

1986 1987 £'000 £'000

51,097 49,166 10,140 9,807 4,148 7,289

(13,923) 6,949 19,000

129p 28p 50p

14,700 14,700 22,171 29,087

Principal Shareholders: Corning International Corporation: Corning Glass Works


COSTAIN GROUP PLC 111 Westminster Bridge Road, London SE1 7UE Tel: 01-9284977 Cable: Cosdown London SE1 Telex: 8811804 COSDON G Telefax: 01-261 1841

Chairman: Sir Godfrey Messervy Directors: P J Costain (Group Chief Executive), W E Bell, G R

Haworth, L W Melville, P B Sawdy, T W Slee, J E Langford, R H Samuel

PRINCIPAL ACTIVITIES: Engineering and construction, mining, housing and property

Principal Subsidiary Companies: (100% owned unless stated): Charcon Tunnels Ltd: Costain (Africa) Ltd (Zimbabwe): Costain Australia Ltd (66.7%) (Australia): Costain-Blankevoort Ltd (65%) (Bahamas); Costain Civil Engineering Ltd; Costain Concrete Company Ltd; Costain Construction Ltd; Costain Engineering Ltd: Costain Holdings Inc (USA); Costain Homes Ltd: Costain International Ltd; Costain Investments (Australia) Proprietary Ltd (Australia); Costain Management Design Ltd; Costain Mining Ltd; Costain Overseas Services Ltd (Bahamas): Costain UK Ltd; Costain USA Inc (USA); County and District Properties Ltd; Foundation Engineering (Nigeria) Ltd (60%) (Nigeria); Haigh & Ringrose Ltd; Land & Marine Engineering Ltd; R Costain & Sons Ltd; Richard Costain (Holdings) Ltd; Richard Costain Ltd; Westminster Plant Co Ltd: Yahya Costain L.L.C. (60%) (Oman)


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Issued share capital Shareholders funds


COURTAULDS PLC 18 Hanover Sq, London W1A 2BB Tel: 01-629 9080 Telex: 28788 Telefax: 01-629 2586

31.12.86 £'000

866,000 64,300 46,600 26,500 14,600 8.75p 27.5p

20,800 323,100

31.12.87 £'000

970,000 66,200 46,500 20,700 16,100 9.65p 25.7p

41,741 339,500

UNITED KINGDOM Chairman: Sir Christopher Hogg

Directors: R M Woodhouse (Deputy Chairman), Sir Geoffrey Allen (Non-Executive), E E Barr (Non-Executive), G A Campbell, Sir Colin Corness (Non-Executive) D J Giachardi, S Huismans, R D Lapthorne, G Maitland Smith (Non-Executive), G E Morris, J A Nightingale, J M Taylor,

Senior Executives: D C Pimlott (Company Secretary)

PRINCIPAL ACTIVITIES: Fibres, textiles, coatings, film and packaging, woodpulp, fine chemicals and advanced materials

Subsidiary Companies: (100% owned unless stated): UK: Clutsom-Penn International Ltd: Courtaulds Clothing Ltd: Courtaulds Clothing Brands Ltd: Courtaulds Engineering Ltd: Courtaulds Fabrics Ltd: Courtaulds Fibres Ltd: Courtaulds Fibres Exports Ltd: Courtaulds Fibres (Holdings) Ltd: Courtaulds Film & Packaging Ltd: Courtaulds Home Furnishings Ltd: Courtaulds Retail Ltd: Courtaulds Technical & Industrial Fabrics Ltd: Courtaulds Textiles (Holdings) Ltd: Courtaulds Woollens Ltd: Fothergill & Harvey pic (92%): George Brettle & Co Ltd: Hysol Grafil Ltd (80%): International Paint pic: Long Eaton Fabric Co Ltd: Macanie (London) Ltd : National Plastics Ltd. Denmark: International Farvefabrik A/S. France: Courtaulds SA: Courtaulds Films et Packaging SA: Desseilles Textiles SA (75%): Ets Delebart-Mallet Fils SARL; Ets Thiollier SA: International Celomer Societe Fran<;:aise de Peintures et Vernis (96%): International Silap SA (96%): Sipa Fournier SA: Tricot France SA. Greece: Neopak SA. Eire: Robert Usher & Co Ltd. Italy: Fin Novaceta SpA (50%): International Paint Italia SpA (99%). Netherlands: Envi BV: International Paint (Nederland) BV. Norway: International Maling A/S (50%-treated as a subsidiary). Portugal: International Paint de Portugal Lda (98%). Spain: Cia Espanola de Pinturas International SA (41 %): Courtaulds Fibres SA: International Lory SA: Penn-Sedespa SA (50%). Sweden: Extensor AB: International Farg AB. West Germany: International Farbenwerke GmbH (85%): Penn Elastic GmbH. USA: Betts Packaging Inc; Courtaulds North America Inc: Hamilton Adams Imports Ltd: Hysol Grafil Inc (80%): International Paint (USA) Inc: Martin Processing Inc: Penn Elastic Co Inc: Porter Paint Co Canada: International Paints (Canada) Ltd. Australia: Courtaulds Packaging Australia Ltd: Shorko Australia Pty Ltd (50%): Taubmans Industries Ltd (56%). New Zealand: Courtaulds Packaging NZ Ltd (75%): New Zealand Fabrics Ltd: Taubmans International (NZ) Ltd (56%). Nigeria: International Paints (West Africa) Ltd (40%). South Africa: Photoflex Printing & Packaging (pty) Ltd: Saiccor (Proprietary) Ltd (66.66%): South African Fabrics (Pty) Ltd: South African Gossard (Pty) Ltd. Swaziland: The Usutu Pulp Co Ltd (50%). Zimbabwe: CPL (Pvt) Ltd (75%). Brazil: Supertintas-Litoverti SA (96%): Tintas International SA (94%). Mexico: Cia Mexicana de Pinturas "International" SA. Hong Kong: International Paint (HK) Ltd. India: Shalimar Paints Ltd (40%). Malaysia: International Paint (Malaysia) Sdn Bhd (70%). Singapore: International Paint Singapore (Pte) Ltd. South Korea: International Paint (Korea) Ltd (50%). Kuwait: International Paint Kuwait (49%). Saudi Arabia: International Paint Saudi Arabia Ltd (40%). UAE: International Paint (Gulf) Ltd (49%-treated as a subsidiary) (Liechtenstein)

Principal Bankers: Bank of England: Barclays Bank Pic: Lloyds Bank Pic: Midland Bank Pic: National Westminster Bank Pic


31.3.87 31.3.88 £'000 £'000

Sales turnover 2,261,900 2,421 ,200 Profit before tax 201 ,100 220,600 Profit after tax 154,500 169,700 Retained profit 97,200 96,300 Ordinary dividends 36,600 47,000 Dividends per ord share net 9.5p 12.0p Earnings per ord share 38.2p 40.9p

Ordinary share capital 96,800 97,600 Shareholders funds 659,600 614,100


236

CPC (UNITED KINGDOM) LTD Claygate House, Esher, Surrey KT10 9PN Tel: (Esher) 62181 Cable: Carolcose Esher Telex: 27106 Telefax: (0372) 62181 335

Chairman: R K Moss Directors: P W Phillips (Managing Director), W Leon, R A

Zuniga, J Stoevahse Company Secretary: C K Cash

PRINCIPAL ACTIVITIES: Manufacturers of consumer food products

Trade Names: Aromat, Brown & Polson, Caterplan, Dextrosol, Frank Cooper, Hellmann's, Knorr, Mazola, Oxford, Napolina

Parent Company: CPC International Inc. Subsidiary Companies: Adpac Ltd: BestFoods Ltd: Brown &

Polson Ltd: Caterplan Ltd: Corn Products Co. Ltd: Frank Cooper Ltd: Knorr Anglo-Swiss Ltd: Napolina Ltd

Principal Bankers: The Bank of Scotland Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Share capital Shareholders funds

30.9.86 £'000

185,965 5,590 3,421

30,000 52,090

Principal Shareholders: C P C Europe (Group) Ltd No of Employees: 1,939

CRODA INTERNATIONAL PLC Cowick Hall, Snaith, Goole, N. Humberside DN14 9AA Tel: 0405 860551 Telex: 57603 Telefax: 0405 860205

Chairman: J M Cannon

30.9.87 £'000

206,292 (268)

(2,152) 30,000 49,938

Directors: K G G Hopkins (Chief Executive), R M H Heseltine (Chief Financial Officer), S Cressey, B R Curtis, A R Fenney, G E Bates (Secretary), J F G Emms (Non-Executive), M R Valentine (Non-Executive), D C Jackson (Non-Executive), D Mather (Non-Executive), Sir Frederick Wood (Non-Executive)

PRINCIPAL ACTIVITIES: Holding company with interests in speciality chemicals, industrial chemicals, food, cosmetics and toiletries and surface coatings

Principal Operating Companies: (100% owned unless stated): SPECIALITY CHEMICALS: Croda Adhesives Ltd; Croda Application Chemicals Ltd: Baxenden Chemicals Ltd (46%); Croda Chemicals Ltd: Croda Colours Ltd; Croda Hydrocarbons Ltd: Croda Universal Ltd: Croda Chemicals Group Pty Ltd (Australia): Croda Castelein nv (Belgium); Croda do Brasil Ltda (Brazil): Croda Canada Ltd (Canada); Croda France SA (France); Croda GmbH (Germany); Croda Italiana SpA (Italy); Croda Japan KK (90%) (Japan): Quimica Croda SA de CV (40%) (Mexico); Croda Chemicals International Ltd (Singapore) (branch only); Croda Chemicals (SA) (Pty) Ltd (South Africa); Croda Caourep Corp (USA); Croda Inc (USA); Croda Storage Inc (USA); Croda Zimbabwe (Pvt) Ltd (Zimbabwe). INDUSTRIAL CHEMICALS: Croda Colloids Ltd: Croda Processed Chemicals Ltd. FOOD: Croda Food Services Ltd; Kimpton Brothers Ltd; Richardson Foods (UK) Ltd (50%): Manley Ratcliffe Ltd; Sunland Inc (USA). COSMETICS & TOILETRIES: Croda Cosmetics (Europe) Ltd (80%); Kolmar Cosmetics (England) Ltd (80%); Richards & Appleby Ltd; The Standard Soap Co Ltd; Hilko Holding BV (Netherlands); Kolmar Cosmetique France SA (80%) (France); Kolmar Kosmetik Deutschland GmbH (80%) (Germany). SURFACE COATINGS: Croda Graphic Supplies Ltd: Croda Paints Ltd; Croda Polymers Group Pty Ltd (Australia); Celtite (Australia) Pty Ltd (60%) (Australia); Croda Inks Ireland Ltd (Eire); Croda Inks SpA (Italy); Croda Inks Benelux BV (Netherlands); Croda POlymers (NZ) Ltd (New Zealand); Croda

Inks Corp (USA). PRINCIPAL HOLDING AND FINANCIAL COMPANIES: Croda Chemicals International Ltd; Croda Cosmetics & Toiletries Ltd; Croda Plymers International Ltd; Croda World Traders Ltd; Cowick Hall Services Ltd (Guernsey); Springer & Moeller BV (Netherlands)

Principal Bankers: Barclays Bank Pic; Lloyds Bank Pic; National Westminster Bank Pic; The Chase Manhattan Bank NA


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share net Earnings per share* Share capital Shareholders funds *basic


30.12.86 £'000

342,732 27,138 17,544 8,388 9,255 8.00p

15.06p 12,644

106,255

27.12.87 £'000

339,473 31,797 21,862

9,842 10,475 9.00p

18.72p 13,784

110,097

CYANAMID OF GREAT BRITAIN LIMITED Cyanamid House, 154 Fareham Rd, Gosport, Hampshire P013

OAS Tel: 0329 224000 Cable: Cyanamid Gosport Telex: 86173 CYAMID G Fax Xerox Gp 111: 0329-220213

Directors: 0 Lilley (Managing Director), J P Ashpitz, 0 M Barwell (Secretary), C S Blake, R H Henel, 0 R Coward, Dr J H Taylor, C H Calder

PRINCIPAL ACTIVITIES: Pharmaceuticals, animal feed supplements, surgical sutures and medical devices, agricultural and general chemicals

Trade Names: Lederle, Davis & Geck, Storz, Acufex Parent Company: American Cyanamid Company, Wayne, New

Jersey, USA Subsidiary Companies: BTl Chemicals Ltd; BTl Chemicals

(Estates) Ltd; Lederle Laboratories Principal Bankers: Midland Bank PLC; Morgan Guaranty Trust

Co of New York Financial Information:



DALGETY PLC

31.11.86 £'000

141,506 13,868 12,493 12,493

19 Hanover Square, London W1R 9DA Tel: 01-499 7712 Cable: Dalgety London W1 Telex: 21148 Telefax: 01-493 0892

Chairman: Sir Peter Carey (Non-Executive)

31.11.87 £'000

154,599 20,152 14,076

1,626

Directors: G Terry Pryce (Chief Executive), M E Warren (Managing Director), P A J Gardiner, R N Harris (Commercial Director), Sir Christophor Laidlaw (Non-Executive), J R Martyn (Finance Director), H S Mellor (Executive Director), G D W Odgers (Non-Executive), J M C Parry (Non-Executive), R B Vaughan. President: Lt Col C P Dawnay

Senior Executives: G L Andrews (Director of Strategic Planning), V A Brook (Director of Personnel), R E Calderan (Group Legal Adviser), B E Gandy (Company Secretary), Dr M P J Kierstan (Director of Research), J A Spalding (Director of Public Relations). Operations Chief Executives: B Fawcett (Agribusiness), A G Williams (Foods), P J Day (Food Commodities), E C Humphreys (Food Ingredients). Overseas

237

UNITED KINGDOM Chief Executives: R B Vaughan (Australia), P A J Gardiner (USA), C M Buckmaster (Zimbabwe)

PRINCIPAL ACTIVITIES.' Agriculture; chemicals; food processing and distribution

Subsidiary Companies: (100% owned unless stated): Agribusiness: Dalgety Agriculture Ltd; Dalgety Farmers Ltd (69%) (Australia); Lecureur SA (98%) (France); The Pig Improvement Company Ltd; Pig Improvement Company Inc (USA). Food: Cairns Holdings Ltd (30%) (Zimbabwe); Crown Noodle Co Ltd; Dalgety Meat Products Ltd; Dalgety Produce Ltd; Deans Farm Eggs Ltd; Golden Wonder Ltd; Golden Wonder (Holland) BV (Netherlands); Homepride Foods Ltd; Lucas Ingredients Ltd; The Martin-Brower Company Inc (USA); Martin-Brower of Canada Ltd (Canada); Memory Lane Cakes Ltd; Modern Maid Food Products Inc (USA); National Food,; Holdings Ltd (17%) (Zimbabwe); Preservenbedrijf BV (Netherlands); Spillers Foods Ltd; Spillers Milling Ltd. Commodity Business: British Cocoa Mills Ltd; Gill & Duffus Inc (USA); Gill & Duffus Ltd; Gill & Duffus SA (83%) (Switzerland); Joimes Industrial SA (Brazil); Pacol Ltd; Usicafe Comissaria & Exportada Ltda (Brazil)

Principal Bankers: Royal Bank of Scotland PLC Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit (loss) Dividends Dividends per share Earnings per share Share capital Total shareholders funds


30.6.86 £'000

4,910,000 75,000 49,400

(16,000) 26,300 13.0p 24.0p

229,000 300,000

30.6.87 £'000

5,003,000 92,500 61,900 46,500 30,600 14.0p 27.8p

229,000 351,000

DIAMOND SHAMROCK EUROPE L TO PO Box 1, Eccles, Manchester M30 OBH Tel: 061-7073244 Cable: DIAMAN MANCHESTER Telex: 665709 DIAMAN G

Directors: H W Gross, J Sherwin (USA), J L Hill (Legal Director and Secretary), J B Swainston (Financial Director)

PRINCIPAL ACTIVITIES: Producers of intermediate and speciality chemicals primarily for urethane, surfactant, PVC and radiation curing chemical markets

Parent Company: Diamond Shamrock Corporation, Dallas, Texas, USA

Subsidiary Companies: (100% owned unless stated): Diamond Shamrock Energy Services Ltd; Clembest Ltd; Lankro Exports Ltd; Lankro Benelux NV Sa (Belgium); Lankro Skandia (75%) (Denmark); Lankro (Deutschland) GmbH (75%) (Germany); Lankro Italiana SpA (75%) (Italy); Lankro France SARL (75%) (France); Lankro Polychem AB (45%) (Sweden); Fomag Isomer Kunstoffe GmbH (75%) (Germany)


Sales turnover


DOW CHEMICAL CO LTD

£'000 74,000

Stana Place, Fairfield Avenue, Staines, Middlesex TW18 4SX Tel: 0784461600 Telex: 934626 Telefax: 0784 465022

Chairman: W S Buck (also Managing Director) Directors: M H Fermont (Commercial Director), J G Helfenstein

(Switzerland) Senior Executives: W W Wales (Secretary), W T Tomson

(Controller). B Nicolai (Treasurer)

UNITED KINGDOM PRINCIPAL ACTIVITIES: Manufacture and sale of chemicals,

including agricultural chemicals, plastics, construction and pharmaceutical products

Trade Names: Dow Agriculture, Dow Construction Products Parent Company: The Dow Chemical Co, USA Associated Companies: Dow Chemco Pension Trust Ltd;

Cromarty Petroleum Ltd; Dow Chemical Energy Development Company Ltd; Merrell Dow Pharmaceuticals Ltd; Merrell Dow Manufacturing Ltd; Scotdril Offshore Company; Dow Trading Ltd


Principal Shareholders: Dow Chemical AG, Switzerland; The Dow Chemical Company, USA


DOW CORNING LTD Readingbridge House, Reading, Berks RG1 8PW Tel: 0734 507251 Telefax: 848340 DOWRDG G

Directors: A F Joachim, L A Reed, R L Bass, A B Boehm, J H A Row (Secretary), I GRoss, E Steinhoff

PRINCIPAL ACTIVITIES: Manufacture of silicones Subsidiary Companies: Dow Corning GmbH, Austria Principal Bankers: Lloyds Bank PLC Financial Information:

Sales turnover £'000

113,000

Principal Shareholders: Dow Corning Corporation Inc, USA No of Employees: 480

DU PONT (UK) LTD Wedgwood Way, Stevenage, Herts SG1 4QN Tel: 0438734000 Telex: 825591

Directors: S S Lord (Managing Director) Senior Executives: P E McMenemy (Deputy Managing Director)

PRINCIPAL ACTIVITIES: Manufacture and sale of chemical products and their derivatives: Fibres, elastomers, plastic resins and films, imaging systems, industrial chemicals, electronic materials, agricultural products, analytical instruments, refrigerants and propellants, medical products

Parent Company: E.!. du Pont de Nemours & Co (Inc), Wilmington, Delaware, USA


Sales turnover


ELLIS & EVERARD PLC 46 Peckover St, Bradford BD1 5BD Tel: 0274308052 Telex: 51305 Telefax: 0274 737058

Chairman: S Everard

1986 £'000

371,000

1987 £'000

407,000

Directors: M C Marshall (Group Managing Director), P S Wood (UK Chief Executive), H G Prillman, G Ewart, A P Foster, W H Proby

Senior Executives: R G Welburn (Company Secretary)

PRINCIPAL ACTIVITIES: Holding company of a group engaged in the merchanting and processing of chemicals

Subsidiary Companies: Ellis + Everard Chemicals Ltd: D F Anstead Ltd; Cargo Fleet Chemical Company Ltd (acquired 30.4.86): Ellis + Everard Exports Ltd: Beta Chemicals Ltd; Euro Chem Ltd (Eire): Robert R Bartlett & Sons Ltd: CFC Cleveland BV (Netherlands); American Industrial Chemical Corporation (USA); Prillaman Chemical Corporation (USA); Apperson Chemicals Inc (USA); Colt Chemical Co Ltd;

238

Certikin Ltd; Ellis + Everard Specialities Ltd; Cercol (Leisure Products) Ltd

Principal Bankers: Barclays Bank PLC; National Westminster Bank PLC


Sales turnover Profits before tax Profits after tax Retained profits Dividends Dividends per share* Earnings per share* Share capital Shareholders funds *Restated to reflect 1 for 10

scrip issue of 25.9.86

30.4.86 £'000

91,893 3,731 2,369 1,089 1,229 6.5p

14.2p 5,189

12,750

30.4.87 £'000

135,847 6,605 4,294 2,668 1,626 7.0p

19.0p 5,924

16,438

Principal Shareholders: Imperial Chemical Industries pic; M C Marshall


ELSWICK PLC Kinwarton House, Alcester, Warwickshire Tel: 0789400333

Chairman: H W Cross Directors: D A Cross (Chief Executive), N T Eades (Deputy

Chief Executive), R P Hill (Finance Director), J R Williams, A L Turner, Prof D H Farmer, Sir Peter Lane

Senior Executives: L Richardson (Company Secretary), J Magin (Corporate Development Manager), D J Witham (Group Accountant)

PRINCIPAL ACTIVITIES: Engineering; agricultural machinery and bicycles; printed packaging

Trade Names: Falcon of England Subsidiary Companies: Ryehill Farmservice Ltd; Astra Cycles

Ltd; Falcon Cycles Ltd; Bike Rack Ltd; Turner International (Engineering) Ltd: MacLeans Printed Packaging Ltd; Labeltech Ltd; Bomford & Evershed Ltd

PrinCipal Bankers: Lloyds Bank PLC Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit (loss) Dividends Dividends per share Earnings (loss) per share Share capital Shareholders funds

PrinCipal Shareholders: A L Turner No of Employees: 435

31.1.87 £'000

27,895 (697) (730)

(1,944) 80

(1.39p) 4,675 5,136

EMHART INTERNATIONAL LTD Lyn House, 39 The Parade, Oadby, Leicester, LE2 5BB Tel: 0533 717241 Telex: 342298 Emhint G

Chairman: T Dawson

31.1.88 £'000

29,189 1,615 1,513 1,046

467 0.30p 1.41p 7,408

12,471

Directors: J W Randall (Managing Director), C B Doubleday, R J Griffiths

PRINCIPAL ACTIVITIES: Holding Company for subsidiaries engaged in the manufacture and sale of equipment and tooling for the semi-conductor and electronics industry; capacitors; materials and components principally for the footwear industry; fastener systems including anchor bolts, screw anchors, blind rivets and setting tools, adhesive sealants and other chemical components

Parent Company: The Company is a wholly owned subsidiary of Emhart Enterprises Corp incorporated in the USA. The

Company's ultimate Parent Company is Emhart Corporation in the USA '

Subsidiary Companies: Bostik Ltd; Emhart (U.K.) Ltd; Tucker Fasteners Ltd; DynaJPert-Precima Ltd; United Marketing (Leicester) Ltd; Tucker GmbH (Germany); Sistemas de Fijacion Tucker SA (Spain); Bostik (Ireland) Ltd (Eire); Arcotronics Ltd; True Temper Ltd (Eire)


No of Employees: Group 2,500 (UK only)

ENGELHARD LTD Chancery House, St Nicholas Way, Sutton, Surrey SM1 1SB Tel: 01-6438080 Telex: 22317 Telefax: 01-661 2187

Directors: G J Dobson, R A Payne (Secretary)

PRINCIPAL ACTIVITIES: Refining of precious metals; manufacture speciality chemicals and engineered materials

Parent Company: Engelhard Corporation, USA Principal Bankers: Midland Bank PLC Financial Information:

Sales turnover


ESSO UK PLC Esso House, Victoria St, London SW1 E 5JW Tel: 01-834 6677 Cable: Essopet London SW1 Telex: 24942 Telefax: 01-245 2556

£'000 950,000

Chairman: Sir Archibald Forster (also Chief Executive) Directors: David Clayman (Managing Director with Special

Responsibility for Marketing, Refining, Transportation and Research), Keith Taylor (Managing Director with Special Responsibility for Exploration and Production), James Alcock (Executive Director with Special Responsibility for Finance , Legal and other Corporate Services)

Senior Executives: M F Westlake (Company Secretary), R J Cornelius (Controller), R E Penn (Treasurer)

PRINCIPAL ACTIVITIES: Oil and gas exploration and production, refining, transportation and marketing of petroleum and petroleum products

Trade Names: Esso, Exxon Parent Company: Exxon Corporation, New Jersey, USA Subsidiary Companies: (100% owned unless stated): Esso

Petroleum Company, Ltd; Esso Exploration & Production UK Ltd; Dart Oil Company Ltd; Lincolnshire Service Stations Ltd (formerly Stephen Spouge Ltd); Mainline Pipelines Ltd (65%)

PrinCipal Bankers: National Westminster Bank PLC; Barclays Bank PLC and others


Gross turnover Net turnover Profit before tax Profit for the year Dividends Share capital Capital and reserves

31.12.86 £'000

5,397,600 3,546,200

842,300 526,700 580,000 288,400 876,800

Principal Shareholders: Exxon Corporation No of Employees: 4,840

EVERED HOLDINGS PLC

31.12.87 £'000

5,765,500 3,854,700

830,000 527,400 516,000 288,400 888,200

The Courtyard, Pannells Court, Guildford, Surrey GU1 4EU Tel: 0483 302020 Telex: 859245 Evered G Telefax: 0483 506240

Chairman: R M Abdullah

239

UNITED KINGDOM Directors: 0 Abdullah (Deputy Chairman and Chief Executive), D

M Saunders (Non-Executive), J B Ford (Finance Director), R H R Kettle, R M Baldwin . Associate Directors: J Barlow, B J Croucher, W E Spinney

Senior ExecutIves: T N Grimes (Company Secretary)

PRINCIPAL ACTIVITIES: Holding company with interests in housebuilding, construction and construction materials, industrial products, materials handling and polymers

Subsidiary Companies: (100% owned unless stated): QUARRY PRODUCTS DIVISION: UK:- Evered Quarry Products (Scotland) Ltd (formerly Tractor Shovels (Holdings) Ltd) (86%); Tractor Shovels Tawse Ltd (formerly Tractor Shovels Ltd) (86%); John Fyfe Ltd; Aberdeen Sand & Gravel Company Ltd (97%); Aberdeen Memorial Company Ltd; Engineering and Stone (Agencies) Ltd ; Aberdeen Concrete Company Ltd; Natcon Ltd (75%); Eskett Quarries Limited. USA:- Rockville Crushed Stone Inc (USA); Evered Construction & Materials Inc (USA). INDUSTRIAL PRODUCTS DIVISION: Industrial:Warwick-Finspa Ltd; Brockhouse Modernfold Ltd; Brockhouse Transmissions Ltd; Triangle Valve Co Ltd; Redler Ltd; Gainsborough Craftsmen Ltd; Brockhouse Corporation (USA); Brockhouse Canada Limited (Canada). Polymers:- Wellington Polymers Ltd trading through: The Moseley Rubber Company Ltd; Ondura Ltd; Long & Hambly Limited; Hatcham Rubber Ltd; Reacro Rubber Company Ltd; Aerospace Polymers Ltd; JCB Tomlinson Ltd; Hallite Holdings Ltd trading as: Hallite Seals International and Hallite Polytek; Hallite Engineering Ltd. Consumer Products:- British Castors Ltd; Green Brothers (Geebro) Ltd; H&T Marlow Ltd; HF EPCO Ltd; Weatherseal Windows Ltd; Twinglass Ltd; Tactico Private Mobile Radio Ltd (80%); Tactico Cellular Radio Services Ltd (64%); RDS (Electronics) Ltd (64%). Metal Forming:- Brockhouse Forgings Ltd also trading through: Brockhouse C&F Machining Ltd and Thomas Chalwin Tools Ltd; Evered and Company (Metals) Ltd; Mapplebeck Metals Ltd; Bristol Diecasting Company (1981) Ltd

Principal Bankers: Barclays Bank PLC; National Westminster Bank PLC; Midland Bank PLC; Grindlays Bank; Lloyds Bank pic; Bank of Boston; Clydesdale Bank piC




EVODE GROUP PLC Common Road, Stafford ST16 3EH Tel: 0785 57755 Cable: Evode Stafford Telex Telex: 36161 Telefax: 0785 214403

31.12.86 £'000

97,480 10,590 10,130 5,870 2,130 2.50p 12.4p

11,160 58,370

Chairman: Andrew H Simon (also Chief Executive)

31.12.87 £'000

231,131 25 ,490 21,690 9,230 5,830 3.25p 13.7p

45,920 119,190

Directors: D S Winterbottom (Group Managing Director), N J Crouch (Managing Director Adhesives and Sealants Division), B I Liss, R C Neal (Managing Director Supra Division), V Vohralik (Group Technical Director), T GLock (NonExecutive), A J Wain (Group Financial Director and Secretary)

PRINCIPAL ACTIVITIES: Manufacture of adhesives, sealants, building chemicals , surface coatings, roof waterproofing systems, wood finishes, products for the shoe industry, stoving enamels, powder paints PVC/TPR compounds, polyethylene pipes, film and packaging

Trade Names: Evo-Stik, Evo-Stick Impact, Evo-Stik Flashband, Evode Silverfilm, Evo-Stik Gun-o-Prene, Evo-Stik Rok-Rap,

UNITED KINGDOM Furniglas, Monopol, Vertilast, Evo-Stik 528, Evo-Stik Time Bond, Evo-Stick Colourseal, Evomastic, Homeseal, Postaline, Syntha Pulvin, Carters, Polyfleet

Subsidiary Companies: (100% owned unless stated): Adhesives and Sealants Division:- Evode Ltd: Evode (Export) Ltd: Vik Supplies Ltd: Evacor Resins Ltd: Bel-Liena Quimica SA (80%) (Spain): Colin D Bailey (Pty) Ltd (21.26%) (South Africa). Industrial Coatings Division:- Postans Ltd; Syntha Pulvin (UK) Ltd; Worralls Powders Ltd; Sterling Technology Ltd; Evodex (25%) (USA). Plastics Division:- Evode Plastics Ltd; Carter Bros (Billingshurst) Ltd; Valentine, Mann & Brown Ltd; Sempol Products Ltd; Evode Clearex Ltd; Evode Industries Ltd (Eire); Evode Industries (Export) Ltd (Eire). Supra Division:- Supra Automotive Ltd; Supra Chemicals & Paints Ltd; Supra Steering & Suspension Ltd; Supra Sureparts Ltd; The Commercial Ignition Co Ltd; Gomet sri (Italy); D & M Friction Services Ltd (30%)

Principal Bankers: National Westminster Bank pic; Midland Bank pic; Barclays Bank pic


£'000 £'000 Sales turnover 86,830 95,848 Profit before tax 5,390 6,211 Profit after tax 3,212 3,976 Retained profit 1,224 1,220 Dividends 975 1,410 Dividends per share 3.86p 4.44p Earnings per share basic 10.37p 12.27p Share capital 6,483 8,192 Shareholders funds 24,777 32,562


EXCHEM PLC Commonwealth House, 1-19 New Oxford St, London WC1 A

1NU Tel: 01-405 6065 Telex: 883081

Chairman: P M L J Chatel de Brancion Directors: W C G Baldwin, P G F B Chatel de Brancion, J J W

McQueen-Leach, I R A Hankey, A G Howard, A A P Thibadeau, P F Vennat

PRINCIPAL ACTIVITIES: Explosives, speciality chemicals Parent Company: Societe Anonyme d'Explosifs et de Produits

Chimiques, France Subsidiary Companies: Explosives and Chemical Products Ltd:

Explosives and Chemical Products (South Wales) Ltd; Thames Nitrogen Co Ltd; Celtite (Selfix) Ltd; Pennine Transport Ltd; Carnfield Engineering Ltd; Exchem Industries Ltd


£'000 £'000 Sales turnover 21,600 23,912 Profit before tax 970 1,338 Profit after tax 779 Retained profit 500 477 Dividends 300 Dividends per share 6.89p 12.31 P


EXXON CHEMICAL L TO Arundel Towers, Portland Terrace, Southampton S09 2GW Tel: (0703) 634191 Cable: EXXONCHEM SOT9N Telex: 47437 Facsimile: (0703) 332164

Chairman: J G Holloway (also Managing Director) Directors: M N Chaplain, D W Cockeram Senior Executives: R C B Anderson (Secretary)

240

PRINCIPAL ACTIVITIES: Manufacture and distribution of chemicals

Trade Names: ACTREL, BREAXIT, CHEMSPHERE, COR EXIT, ECA, ESCAID, ESCANE, ESCOMER, ESCOPOL, ESCOR, ESCORENE, ESCOREZ, ESCOWELD, ESSO,ESSOCHEM, EXXAL EXXATE, EXXELOR, EXXON, EXXON CHEMICAL, EXXPAR, EXX-PRINT, EXXSOL, ISOPAR, JAYFLEX, JAYFLOC,NORPAR, PARABAR, PARADYNE, PARAFLOW, PARAMAR, PARAMINS, PARANOX, PARAPAK, PARAPOID, PARAPOL, PARATAC,PARATONE,RUSTBAN,SOLVENT DROP DEVICE, SOLVESSO, SOLVTEXT, SYNACTO, SYNTREL, TEKMUD, TEKSTIM, TREFSIN, VARSOL, VISTAFLEX, VISTALON, VISTANEX, VISTONE

Parent Company: Exxon Corporation, USA Subsidiary Companies: Co-Subsidiaries of Esso Holding

Company UK Inc are:-Esso Exploration and Production UK Ltd; Exxon Chemical International Marketing Inc; Ancon Insurance Company SA: Butterworth Systems (U.K.) Ltd: Esso Engineering (Europe) Ltd: Esso Europe-Africa Services Inc: Esso Minerals Exploration UK Ltd: Esso Property Management Company Ltd: Esso Ireland Ltd: Esso UK PLC: Esso Petroleum Company Ltd: 'Exxon Chemical Olefins Inc: 'Exxon Chemical Energy Chemicals Ltd: Exxon Ltd: 'names changed November 1 st 1986

Principal Bankers: National Westminster Bank PLC; Bank of Scotland: Citibank NA


£'000 Sales turnover 349,319 Profit before tax 53,678 Profit after tax 49,769 Retained profit 165,677 Dividends 40,000 Share capital 7,500 Shareholders funds 173,177

Principal Shareholders: Esso Holding Company UK Inc No of Employees: 1,000

FISONS PLC Fison House, Princes St, Ipswich IP1 1QH Tel: 0473 232525 Telex: 98240 Facsimile: 231540

Chairman: J S Kerridge (also Chief Executive)

31.12.87 £'000

378,300 61,323 44,908

195,085 15,500 7,500

202,585

Directors: G P Fothergill (Divisional Chairman Pharmaceutical Division), D R Peters (Director Planning and Administration), C A Scroggs (Divisional Chairman Scientific Equipment Division), R D Thomas (Finance Director), J F Valentine (Divisional Chairman Horticulture Division), E P Chappell (Non-Executive), Sir Philip Harris (Non-Executive), Sir Alan Cottrell (NonExecutive), Lord Plumb (Non-Executive), P V MEgan (NonExecutive)

Senior Executives: J M Bailey (Group Secretary), G W Battersby (Director of Personnel), J A Eyre (Director of Public Affairs), P CHore (Director of Planning), G B F Henney (Group Treasurer), R G Lankester (Group Financial Controller)

PRINCIPAL ACTIVITIES: The manufacture and supply of ethical and proprietary medicines, veterinary products, laboratory and educational scientific equipment, clinical diagnostiC supplies and garden and horticultural products

Subsidiary Companies: (100% owned unless stated): Fisons Western Corporation (Canada); Fisons AG (Switzerland); Fisons Farmaceutici SpA (Italy); Fisons BV (Netherlands); Fisons (Bangladesh) Ltd (51%) (Bangladesh); Fisons Arzneimittel GmbH (Germany); GebrOder Haake GmbH (Germany); Laboratoires Fisons SA (France); SCAC-Fisons SA (France); Fisons A/S (Denmark); Carlo Erba Strumentazione SpA (Italy); Atlantic Chemical Corporation Ltd (Bermuda); Fisons Corporation Ltd (Canada); Fisons Corporation (USA); Fisons Pharmaceuticals (Pty) Ltd (South Africa); Fisons Pty Ltd (Australia): Curtin Matheson Scientific Inc (USA): Applied

Research Laboratories Inc (USA); Applied Research Laboratories SA (Switzerland); FSE Pty Ltd (Australia)

Principal Bankers: Barclays Financial Information:

31.12.86 31.12.87 £'000

Sales turnover 702,600 Profit before tax 85,100 Profit after tax 66,600 Retained profit 45,800 Dividends 15,900 Dividends per share* 3.25p Earnings per share* 13.8p Share capital 61,100 Shareholders funds 305,300 'per 25p ordinary share


FOSECO MINSEP PLC 285 Long Acre, Nechells, Birmingham B7 5JR Tel: 021-327 1911 Telex: 337308 FOSECO G Telefax: 021-3284236

£'000 760,300 109,100 85,200 61,600 19,700

4.0p 17.4p

123,400 329,400

Chairman: A G T Chubb, Life President: Sir Eric Weiss Directors: Sir Richard Meyjes (Deputy Chairman), Dr 0 E

Bryant, R N Gunn, I J Hazlehurst, R Jordan (Managing Director), Sir Ronald Mcintosh, H-O Thierbach, J Whitehead, R E Lambourne, Dr J Schiffarth, P J Garner, 0 W Mattin (Company Secretary)

PRINCIPAL ACTIVITIES: International manufacture and supply of specialised products and technical services to steel, foundry, construction and engineering industries; including speciality chemicals for the metallurgical and construction industries, industrial diamond products and bonded and coated abrasives

Trade Names: Foseco, Fosroc, Unicorn, Fosbel Subsidiary Companies: (100% owned unless stated): Argentina:

Foseco Argentina SA (49%); Australia: Foseco Holding Pty Ltd; Foseco Pty Ltd. Austria: Giesserei-Dienst GmbH (75%); Belgium: Foseco SA. Brazil: Fosbel Industria e Commercio Ltda (51%); Foseco Industrial e Commercial Ltda (95%). Canada: Foseco Canada Inc; Unicorn Abrasives of Canada Ltd. Dubai: AI Gurg Fosroc Private Ltd (49%). Egypt: Foseco SAE (40%). Finland: Foseco OY. France: Foseco SA (99.9%); Fosroc SA (99.994%); Precidia SA. Greece: Foseco Hellas SA (90%). Hong Kong: Foseco Industries ASia Ltd. India: Carborundum Universal Ltd (22.45%); Greaves Foseco Ltd (50%). Iran: Foseco Iran SSK (40%). Eire: Abrasives Ltd: Celmac (Ireland) Ltd; Fosroc (Eire) Ltd. Italy: Foseco SpA; LM Van Moppes & Sons SpA. Japan: Fosbel Japan Ltd (51%); Foseco Japan Ltd (92%); Nippon Van Moppes Ltd; Toyoda Van Moppes KK (34%). Mexico: Exotermicos Monclova (80%); Foseco SA de CV. Netherlands: Fosbel Europe BV (51%); Foseco Holding BV; Foseco Holding Internatioanl BV; Foseco International BV; Foseco Nederland BV; Fosroc HIM Chemie BV. New Zealand: Foseco (NZ) Ltd. Philippines: Foseco Philippines Inc. Portugal: Foseco Portugal Produtos Para Fundicao Lda (51%). Saudi Arabia: Fosam Co Ltd (50%). Singapore: Foseco Minsep Singapore Pte Ltd. South Africa: Foseco South Africa (Pty) Ltd; Fosroc (Pty) Ltd. South Korea: Foseco Korea Ltd (60%). Spain: Foseco Espanola SA; Fosroc SA. Sweden: Foseco AB; Industriamanter AB. Switzerland: Foseco AG; Foseco Holding AG; Foseco Trading AG; LM Van Moppes & Sons SA. Taiwan: Foseco Golden Gate Co Ltd (51%). UK: Abrasive Developments Ltd; Celmac Ltd; Unicorn (Daventry) Ltd; Electro Furnace Products Ltd; English Abrasives & Chemicals Ltd; Fosbel International Ltd; Foseco (FS) Ltd; Foseco International Ltd; Foseco Minsep International Ltd; Foseco (GB) Ltd; Foseco Technology Ltd; Fospur Ltd; Fosroc Ltd; Hemel Laboratories Ltd; Fosroc International Ltd; Fosroc Technology Ltd; Holemasters Ltd; Midland Oil Refineries Ltd; Minerals Separation Ltd; Unicorn

?41

UNITED KINGDOM

Industries pic; Universal Abrasives Ltd; Universal Grinding Wheel Co Ltd; LM Van Moppes & Sons Ltd; Van Moppes lOP Ltd. USA: Celtite Inc; Exomet Inc; Fosbellnc (51%); Foscor Refractory Partners (50%); Foseco Inc; Foseco Holding Inc; Preco Industries Ltd; Unicorn Industries Inc. Venezuela: Fosven CA (49%). West Germany: Foseco GmbH; Hermanns & Co GmbH; Indimant Industridiamanten GmbH (60%); Dr Riedelbauch & Stoffregen GmbH; Steibe GmbH. Zimbabwe: Foseco Zimbabwe (Pvt) Ltd


Sales turnover Profit before tax Profit after tax Retained profit (loss) Dividends Dividends per share Earnings per share Share capital Shareholders funds

31.12.86 31.12.87 £'000 £'000

538,700 515,100 26,400 35,200 13,500 19,500 (9,200) 9,200 7,600 8,600 9.2p 10.6p

14.2p 21.5p 23,100 23,200

105,600 106,100

PrinCipal Shareholders: Prudential Corporation (8.02% of issued ordinary shares); British Rail Pension Trustee Co Ltd (7.75% of issued ordinary shares)


FOSTER WHEELER LTD Foster Wheeler House, Station Rd, Reading, Berkshire RG1

1LX Tel: 0734 585211 Telex: 849171 fwrdg g

Chairman: W C Chatman (USA) (also Chief Executive) Directors: K A De Ghetto (USA), T M Evans (Deputy Chairman),

R W Boyd, 0 R Gray, J T Kelley (USA), N W Atwater (USA), L E Azzato (USA), D V Newbold

PRINCIPAL ACTIVITIES: Design, supply and construction of oil refineries, pharmaceutical plants, petrochemical and chemical plants, lubricating oil plants, fertiliser plants , oil and gas terminals, fired heaters, heat exchangers, waste and waste treatment plant, minerals processing and ore benefication plant, offshore and onshore oil and gas production facilities

Parent Company: Foster Wheeler International Corporation, USA

Subsidiary Companies: Foster Wheeler Energy Limited; Foster Wheeler London Ltd; Foster Wheeler World Services Ltd; Foster Wheeler (GB) Ltd; Foster Wheeler (Process Plants) Ltd; Process Plants Suppliers Ltd; F W Management Operations (UK) Ltd; Foster Wheeler Synfuels Ltd; Foster Wheeler Petroleum Development Ltd; Foster Wheeler (Pacific) Ltd; Glitsch UK Ltd

Principal Bankers: Barclays Bank PLC; Morgan Grenfell & Co Ltd


£'000 Sales turnover 283,745 Profit before tax 7,387 Profit after tax 3,096 Retained (loss) (1,608) Share capital 1,000 Shareholders funds 25,625

Principal Shareholders: Foster Wheeler International Corporation, USA

No of Employees: 4,000 (UK Group)

FUERST DAY LAWSON HOLDINGS LTD St Clare House, 30-33 Minories, London EC3N 1 LN Tel: 01-488 0777 Cable: FUERST London EC3 Telex: 887871/2 FUERST G Telefax: 01-488 9927

31.12.87 £'000

154,426 5

78 (720)

1,000 24,878

UNITED KINGDOM Chairman: R V Neal (and Director) Directors: M D Lawson (Chief Executive and Director of

Subsidiary), D B Thomas (Managing Director), E Lawson, Sir John Buckley, E E Chapman (Joint Secretary), N S Smith (Director of Subsidiary), R D Playfair (Director of Subsidiary)

PRINCIPAL ACTIVITIES: Holding company for group engaged as Commodity Merchants in a wide range of goods worldwide

Trade Names: AXE Brand Subsidiary Companies: Fuerst Day Lawson Ltd; Fuerst Day

Lawson Citrus Ltd; Union Merchants Overseas Ltd; R Verney & Co Ltd (also known as Fuerst Day Lawson Honey); J C Duffus & Co (London) Ltd; Fox Roy Merchants Ltd; Fuerst Schneider Chemicals Ltd

Principal Bankers: National Westminster Bank PLC; Hong Kong & Shanghai Banking Corpn



1986 £'000

61,443 50

Principal Shareholders: M Day Lowson; E Lawson No of Employees: Group 65

1987 £'000

62,900 750

GATES RUBBER COMPANY LIMITED (THE) NCR House, 2 Roseburn Gardens, Edinburgh EH12 5NJ Tel: 031 -3374007 Telex: 727576 G Telefax: 031-337 4042

Chairman: D E Miller Directors: A W Stoner (USA), A J C Johnston Senior Executives: J Edgar (Company Secretary)

PRINCIPAL ACTIVITIES: The Company is a specialist rubber company manufacturing and marketing carpet underlay, waterproof footwear, power transmission belts, and industrial rubber products

Trade Names: Tredaire, Powergrip, Hunter, Royal Hunter Parent Company: The Gates Corporation, Denver, Colorado,

USA Principal Bankers: Royal Bank of Scotland; Bank of Scotland Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit (loss) Dividends Earnings per share Share capital" Shareholders funds "Issued


GEORGE WIMPEY PLC See WIMPEY, GEORGE, PLC

GRACE, W R, LTD

31.12.86 £'000

53,178 9,887 3,966

(2,859) 6,825 54.0p 7,554

14,303

27.12.87 £'000

54,919 8,752 5,828 4,120 1,708 79.4p 7,554

18,423

Northdale House, North Circular Rd, London NW10 7UH Tel: 01-965 0611 Cable: Graceng London NW10 Telex: 25139 GRACPR G Telefax: 01-961 8620

Directors: P R Johnston (Managing Director), R E Green (Secretary), M Emery, R F Halle-Smith, P G Hollins, J Peter Grace (USA), J Royle

PRINCIPAL ACTIVITIES: Manufacture of chemical products, including container sealing compounds, packaging films and materials for construction, automobile and newspaper industries

242

Trade Names: Darex, Cryovac, Bitu-thene, Serviseal, Teroform, Letterflex, Teroson, Rexolin

Parent Company: W R Grace & Co, New York, USA Subsidiary Companies: Servicised Ltd Principal Bankers: Citibank NA Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit (loss) Dividends Share capital Shareholders funds


GUINNESS PLC

31 .12.86 £'000

109,249 10,837

5,842 16,029 7,500 1,193

43,105

31.12.87 £'000

122,741 20,514 12,680 (3,320) 16.000

1,193 41,805

Bodiam House, Twyford Abbey Road, London NW10 7ES Tel: 01-9657700 Cable: Guinness London NW10 Telex: 23822 GIGFY G Fax: 01-965 3909

President: The Earl of Iveagh Directors: Sir Norman MacFarlane (Chairman), Sir David

Plastow (Deputy Chairman), "Anthony J Tennant (Group Chief Executive), Hon Jonathan B Guinness, C Edward Guinness, "Brian F Baldock, "Shaun C Dowling, "Anthony A Greener, Ian C MacLaurin, F Ian Chapman, "Michael F Julien, "Executive Directors

Senior Executives: Geoffrey W King (Group Company Secretary)

PRINCIPAL ACTIVITIES: The principal activities of the Group are the distilling and marketing of Scotch whisky, gin and other spirits and the brewing and marketing of beer

Trade Names: Lager: Harp, Satzenbrau Diat. Stout: Guinness Draught, Guinness Extra, Guinness Foreign Extra. Beer: Macardles, Perry's, Phoenix, Smithwick's. Alcohol-free Beer: Kaliber. Malt Whisky: Bladnoch, Blair Athol, Cardhu, Dufftown-Glenlivet, Inchgower. Scotch Whisky: Bell's Extra Special, Johnnie Walker, Dewars, Black and White, White Horse, VAT 69. Gin: Gordon's, Booths, Tanqueray. Vodka: Cossack. Other: Crabbie 's Green Ginger Wine, Pimms, Gleneagles Hotel PLC, Champneys Health Spa, Grants Restaurant, Guinness Book of World Records

Subsidiary Companies: (100% owned unless stated): Spirits (United Distillers Group): United Distillers pic; Arthur Bell & Sons pic; Scottish Grain Distillers Ltd; Scottish Malt Distillers Ltd; The Distillers Company (Cereals) Ltd; James Buchanan & Co Ltd; John Dewar & Sons Ltd; The Distillers Company (Bottling Services) Ltd; The Distillers Company (Whisky Stocks and Sales) Ltd; John Haig & Co Ltd; MaCdonald Greenlees Ltd; Wm Sanderson & Son Ltd; John Walker & Sons Ltd; White Horse Distillers Ltd; Tanqueray Gordon & Co Ltd; John Watney & Co Ltd; NV Breuval & Co SA (Belgium); Simon Freres Ltd (France); Frans Verbunt BV (Netherlands); The United Distillers Pty Ltd (Australia); Somerset Partner Inc (USA); Schenley Industries Inc (USA); Caldbeck Dodwello Inc (Japan). Brewing (Guiness Brewing Worldwide): St James's Gate Holdings Ltd; Arthur Guinness Son & Company (Great Britain) Ltd; The Harp Lager Company Ltd (75%); Arthur Guinness Son & Company (Northern Ireland) Ltd; Irish Bonding Company Ltd; Guinness Ireland Ltd (Eire); Arthur Guinness Son & Company (Dublin) Ltd (Eire); Guinness Foreign Sales (Ireland) Ltd (Eire); Harp Ireland Ltd (Eire); Irish Ale Breweries Ltd (Eire); Harp Ireland Ltd (Eire); Irish Ale Breweries Ltd (Eire); Meadow Meats Ltd (Eire); Guinness Overseas Ltd; Guinness Exports Ltd; Guinness Malaysia Berhad (50.01%) (Malaysia); Guinness Cameroun SA (Cameroun); Guinness Import Company Inc (USA). Commercial: The Distillers Company (Yeast) Ltd; Guinness Publishing Ltd; Gleneagles Hotels PLC; Hediard SA (France);

UYC Ltd; Cranks Ltd; The Champneys Group Ltd; AGE Bodegas Unidas SA (Spain)


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends paid per share Earnings per share' Share capital Shareholders funds 'fully diluted

30.12.86 £'000

2,747,000 314,000 220,000 11,000 67,000 10.2p 28.6p

508,000 894,000

No of Employees: 24,919 full time; 6,013 part time

GULF OIL (GREAT BRITAIN) LTD

31.12.87 £'000

2,818,000 408,000 281,000 397,000 77,000

9.2p 29.5p

508,000 1.023,000

The Quadrangle, Imperial Square, Cheltenham, Glos GL50 HF Tel: 0242 225225 Telex: 43542 cheltenham Telefax: 0242 573059

Directors: D L Setchell (Managing Director), R S Davies (Finance Director), G E Metrailler

PRINCIPAL ACTIVITIES: Refining and distribution of petroleum products

Trade Names: GULF Parent Company: Chevron Corporation (USA) Subsidiary Companies: (100% owned unless stated): Gulf Oil

Refining Ltd (99.99%); The London Oil Refining Co Ltd Principal Bankers: Barclays Bank pic Financial Information:

Sales turnover


HANSON PLC 1 Grosvenor Place, London SW1X 7JH Tel: 01-245 1245 Telex: 917698 HANSON G Telefax: 01-235 3455

Chairman: Lord Hanson

£'000 470,000

Directors: D N Rosling (Vice Chairman), M G Taylor (Vice Chairman), B A Hellings, A Hagdrup, M G Taylor, A G L Alexander, C G F Harding (Non-Executive), J H Pattisson, D C Bonham, Sir Gordon Booth (Non-Executive), E D Collins, H G Ashton. Associate Directors: D H Clarke (USA), A R Cotton, P J Harper, R S Fulford

Senior Executives: Mrs Y Newbold (Company Secretary)

PRINCIPAL ACTIVITIES: Dry cell batteries; department stores and duty free goods retailing; bricks and building materials; construction and agricultural services and equipment; engineering; yarns, thread and specialty textiles: meat processing and packing; shoe manufacture and retailing: the manufacture of garden and industrial hand tools, lighting fixtures, furniture, typewriters, titanium dioxide, tobacco products, food products and brewing

Trade Names: Ever Ready Batteries, John Player, Embassy, Players No 6, Regal, Castella, St Bruno, Lea and Perrins, HP Sauces, Ross and Youngs frozen foods, Famous Names, Smith Corona Typewriters, Durkee Foods, Ball Park Frankfurters, Glidden Paints

Subsidiary Companies: (100% owned): Consumer:- UK: Imperial Tobacco Ltd; British Ever Ready Ltd; Allders Ltd. USA: Carisbrook Industries Inc Yarn; Caris brook Industries Inc Fabric; Smith Corona Corporation: Endicott Johnson Corporation. Building Products: UK: London Brick Company Ltd; Butterley Brick Ltd. USA: USI Lighting Inc: Kaiser Cement Corporation; Hanson Building Products. Industrial:-

243

UNITED KINGDOM UK: Lindustries Ltd; SLD/Barbour Campbell. USA: Office Group America; Allied Paper Products Inc; SCM Chemicals Inc: SCM Chemicals Ltd (UK). Food:- UK: Imperial Foods Ltd. USA: Hygrade Food Products Corporation; Durkee Foods Corporation; Ground Round Inc

Principal Bankers: Lloyds; Barciays; National Westminster; Royal Bank of Scotland; Clydesdale; Continental Illinois; Chemical


Sales turnover Profit before tax Profit after tax Retained profit Dividends per share Earnings per share' Share capital Shareholders funds 'fully diluted


30.9.86 £'000

4,312,000 464,000 360,000 261,000

3.19p 10.7p

814,000 1,588,000

HARRISONS & CROSFIELD PLC 20 St Dunstan's Hill, London EC3R 8LQ Tel: 01-6264333 Cable: Harcros London EC3 Telex: 885636; 885637 HARCROS G

Chairman: D H L Hopkinson (Non-Executive)

30.9.87 £'000

6,682,000 741,000 572,000 405,000

4.4p 14.0p

1,043,000 1,879,000

Directors: G W Paul (Chief Executive), M J Hadley, H McKeag, J McLeod, J Miller, T D Preston, J N Maltby (Non-Executive), P G W Simmonds, P J Savage, W J Turcan, Sir Richard Lloyd (Non-Executive)

Senior Executives: C Gill (Company Secretary)

PRINCIPAL ACTIVITIES: General merchanting, shipping, insurance; manufacture and processing of chemicals, industrial raw materials, rubber, textiles, and engineering products; distribution of timber and other building materials; plantations: manufacture and distributions of feedstuffs and malt

Trade Names: Harub, Nunat, Lotox, Crusoe, Linatex. Hareros Principal Subsidiary Companies: (100% owned unless stated)

Chemicals Division: UK: British Chrome & Chemicals Ltd; Chandler Hargreaves Ltd; Associated British Maltsters Ltd: Lankro Chemicals Ltd: Deanshanger Oxides Ltd; Durham Chemicals Distributors Ltd; Durham Chemicals Ltd; H & C Securities Ltd; Harcros Investment Trust Ltd; Harcros LeaSing Ld: Harrisons & Crosfield (Leasing) Ltd; Harrisons Flell1ln\l Advisory Services Ltd; London Sumatra Plantations PLC (Operating in Indonesia); Pauls pic (99.4% held by Parent. 0.6% held by a subsidiary); M & C Timber & Building Supplies Ltd; Wilkinson Rubber Linatex Ltd; REB Willcox Ltd. Australia: Harrisons & Crosfield (Australia) Ltd; Harcros Chemicals Pty Ltd; Harcros Hudson Pty Ltd; Linatex Australia Pty Ltd. Canada: Harrisons & Crosfield (Canada) Ltd; Linatex Canada Inc. Hong Kong: Harrisons & Crosfield (Hong Kong) Ltd. Eire: Moran Group Ltd. Malaysia: Harrisons & Crosfield (Malaysia) Sdn Bhd; Harrisons & Crosfield (Saba h) Sdn Bhd; Harrisons & Crossfield (Sarawak) Sdn Bhd. Negara Brunei Darrussalam: Jasra Harrisons Sdn Bhd (65%). Netherlands: De Swaan v/h Gebrs Bonnist BV; Haagen Chemie BV. New Zealand: Harrisons & Crosfield (NZ) Ltd. Papua New Guinea: Harrisons & Crosfield (PNG) Ltd; H Harcros Trading (PNG) Ltd (70%); Kapiura Plantations Pty Ltd (70%). Singapore: Harrisons & Crosfield (Singapore) Private Ltd. Sri Lanka: Harrisons & Crosfield (Colombo) Ltd. Taiwan: Tait & Co Ltd. USA: American Chrome & Chemicals Inc; Felton Worldwide Inc; Harrisons Trading Co Ine; Harrisons & Crosfield (Pacific) Inc; Linatex Corporation of America Inc; Thompson-Hayward Chemical Company

Principal Bankers: Barclays Bank PLC; Baring Bros. & Co. Ltd; Standard Chartered Bank PLC


31.12.86 31 .12.87

£'000 £'000

Sales turnover 1,411,000 1,532,000




Dividends· 28,700 27,600





·on ordinary shares


25,0528,0536,0580,0610,0735,0800,0955,0960, 1045, 1310

HAYS PLC

Hays House, Millmead, Guildford, Surrey GU2 5HJ

Tel: 0483 302203

Telex: 859404 HA YSGP G

Telefax: 0483 300388

Chairman: B A Dawson

Directors: R E Frost (Managing Director and Chief Executive), 0 C Frost, PDT Roberts, G J Williams, K N AI-Sabah, S W Curran

Senior Executives: A G Morison (Secretary)

PRINCIPAL ACTIVITIES: Business services, personnel services and distribution services

Parent Company: St Martins Holdings Limited

Subsidiary Companies: (100% owned unless stated): Business Services: Hays Commercial Services Ltd and its subsidiaries: Hays Business Services Ltd; Hays Business Services SA (Belgium); Britdoc Ltd; Data Express Ltd; Rentacrate Ltd; SI. Olaf Insurance Brokers Ltd; Spandoc SA (Spain); Interchange Ltd (Hong Kong); Hays Technology Systems Ltd and its subsidiaries: T H Dixon & Co Ltd; Autofeeds London Ltd; Magna-Graphics Corp (USA); DATM Inc (USA). Personnel Services: Hays Personnel Services Ltd and its subsidiaries: Accountancy Personnel Ltd; Montrose Technical Staff Ltd; TAV Staff Agency Ltd; Accountancy Personnel Inc (USA); Accountancy Placements Pty Ltd (Australia). Distribution Services: Hays Distribution Services Ltd and its subsidiaries: Hays Contract Distribution Ltd incorporating Interbond Distribution and TCD Temperature Controlled Distribution; Hays Storage Services Ltd incorporating Hays Cold Storage and Hays Distribution Consultants; Theale Commercial Services Ltd; Hays Marine Services Ltd and its Subsidiaries: Bowker and King Ltd; Crescent Shipping Ltd ; Crescent Shipyard Ltd; Crescent Wharves Ltd; Trafco (UK) Ltd; Hays Chemical Distribution Ltd and its subsidiary International Additives Ltd. Associated Companies: Blacksmith Chemical Services Ltd (50%); Microfine Minerals and Chemicals Ltd (48%); Pekoe Packaging Ltd (33.33%); Seaton Group Ltd (formerly Seaton Chemical Developments Holdings Ltd) (50%); Ships Electronic Services Ltd (33.33%)


244


Sales turnover Profit before tax Profit after tax Retained profit Share capital Shareholders funds ·Since 30.6.87 there has

been a leveraged buy-oul. The actual share capital and forecast shareholders' funds at 30.6.88 are: Actual share capital £100,000,000. Forecast shareholders' funds: £64,077,000


HERCULES LTD

30.6.86 £'000

613,800 21,900 21,900 22,000 81 ,100 92,400

31 London Rd, Reigate, Surrey RH2 9YA Tel: 0737242434 Cable: Herpoco London WC1 Telex: 25803 Telefax: 0737 224288

Chairman: G C Dunn

30.6.87 £'000

606,000 28,500 28,600 36,100

81,100· 101,600·

Directors: J Garwood, A S Jones (Director of Operations) Senior Executives: P Ho (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture and merchanting of chemicals and edible products, including paper makers' chemicals, chemicals for synthetic rubber, defoamers, synthetic reSins, resin emulsions

Trade Names: Aquapel, Cellolyn, Kymene, Pentalyn, Pexol, Reten, Lewisol, Hercules

Parent Company: Hercules Incorporated, Wilmington, Delaware, USA

Subsidiary Companies: Moplefan (UK) Ltd (50%) Principal Bankers: National Westminster Bank PLC Financial Information:

28.11.86 £'000

Sales turnover 46,488 Profit before tax 3,532 Profit after tax 2,563 Retained profit 16,214 Dividends 1,000 Share capital 342 Shareholders funds 16,556


HEWLETT-PACKARD LTD

28.11.87 £'000

37,989 3,809 3,326

16,281 4,000

342 16,623

Nine Mile Ride, Easthampstead, Wokingham, Berks RG11 3LL Tel: 0344 773100 Telex: 848805; 848814; 848912 Telefax: 0344773100

Chairman: F Mariotti Directors: P Carmichael, 0 A Baldwin (Managing Director),

Richard C Alberding (USA), K C Sinclair, K Lumsden, R 0 Gill, R W Anderson (USA), F Mackenzie

Senior Executives: R Thompson (Secretary)

PRINCIPAL ACTIVITIES: The sales, service and leasing of computers, calculators, computer/calculator peripheral products, test and measuring instrumentation, medical electronic equipment, instrumentation for chemical analysis; the research, development and production of communications test equipment, computer peripheral equipment and office automation software

Parent Company: Hewlett-Packard Co, USA

Subsidiary Companies: Hewlett Packard Finance Ltd; Hewlett Packard Product Leasing Ltd; Hewlett Packard Equipment Leasing Ltd; Hewlett Packard Leasing Ltd

Principal Bankers: Midland; Chase Manhattan Financial Information:

31.10.86 £'000

Sales turnover 356,796 Profit before tax 12,967 Profit after tax 8,487 Retained profit 8,487 Dividends Dividends per share Earnings per share £8.5 Share capital 1,000 Shareholders funds 54,432

Principal Shareholders: Hewlett-Packard SA, Geneva


HICKSON INTERNATIONAL PLC Castleford, West Yorkshire WF10 2JT Tel: 0977 556565 Cable: Roseine Castleford Telex: 55378 Hikson G Telefax: 0977518058

Chairman: M Hopley

31.10.87 £'000

428,447 31,824 20,993

2,743 18,250 £18.25

£21.0 1,000

57,175

Directors: J M Barr, G T Wright, T G Robson, J C Marvin (Managing Director), D W Ford, J M Taylor (Finance Director), A Nelson

Senior Executives: C Livsey (Group Secretary)

PRINCIPAL ACTIVITIES: Manufacture of organic and inorganic chemicals for many industries; manufacture of fire retardant and timber preservatives; providers of treatment services to timber industries; distributors of laminated plastics and all types of sheet materials

Trade Names: Hickson, Tanalith, Pyrolith, Vacsol, HicksonDecor.

Subsidiary Companies: (100% owned unless stated): Hickson Ltd. Chemicals: Hickson & Welch Ltd; William Blythe & Co Ltd; Hickson Chemical Co (Pty) Ltd (South Africa); Kerley Enterprises Inc (80%) (USA). Timber Protection: Hickson World Timber Ltd; Hickson Timber Products Ltd ; HicksonGarantor NV (Belgium); Van Swaay Garantor BV (Netherlands); Doelfray's Lakfabrieken BV (Netherlands); Hickson Timber Preservation (Pty) Ltd (South Africa); Hickson Timber Products (Pty) Ltd (South Africa); Hickson's Timber Impregnation Co (NZ) Ltd (New Zealand); Hickson Timber Preservation (Singapore) Pte Ltd (Singapore); Hickson Timber Preservation (Malaysia) Sdn Berhad (Malaysia); The Applied Research Group Inc (80%) (USA); Sayerlack Industria Vernici Speciali SpA (Italy). Merchant Distributors: Hickson Distributors Ltd; Alvin, Morris Ltd; Beds. Flooring Distributors Ltd (77.5%); J R Hutton Ltd; Florco PLC


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital' Shareholders funds 'Called up

31 .12.86 31.12.87 £'000 £'000

161,464 224,169 15,075 20,065 9,421 12,960 4,488 11,020 3,428 4,645

4.375p 5.625p 12.1p 16.0p 9,795 20,596

59,936 68,236

Principal Shareholders: Britannic Assurance PLC (7.38%); Scottish Amicable Investment Managers Ltd (6.31%)

No of Employees: 2,265 (UK) 3,603 (Total)

UNITED KINGDUM

HOECHST UK LTD Hoechst House, Salisbury Rd. Hounslow TW4 6JH Tel: 01-570 7712 Cable: Hoechst Hounslow Telex: 23284 Telefax: 01-2365336

Chairman and Chief Executive: A L Baltzer Directors: G E Powderham, Sir Frank Roberts, D D Green, G H

Storch (Finance Director), Dr K-G Seifert, Dr G Metz, D von Winterfeldt, Dr H G Janson, Dr P R Read

PRINCIPAL ACTIVITIES: Sale of chemicals, synthetic fibres, plastics, plastiC films and reprographics and the manufacture and sale of pharmaceuticals, dyestuff products, surfactants and agriculture products; manufacture and sale of industrial coatings; sale. leasing and servicing of office information processing equipment

Parent Company: Hoechst AG, Frankfurt/Main, West Germany Subsidiary Companies: Kalle Infotec Ltd; Arthur H Cox & Co

Ltd; Hoechst Finance pic; Hoechst Investments Ltd ; Kempner Ltd; HPG Industrial Coatings Ltd

Principal Bankers: Royal Bank of Scotland PLC; Midland Bank PLC; Lloyds Bank PLC


Sales turnover Profit before tax Profit after tax Retained profit (loss) Share capital Shareholders funds


HONEYWELL LTD

31.12.86 £'000

586,934 3,211

607 (838)

47,430 63,249

31.12.87 £'000

645,352 19,188 12,293 11,229 47,430 67 ,363

Honeywell House, Charles Square , Bracknell, Berks RG12 1 EB Tel: 0344 424555 Telex: 847064 Telefax: 0344 416240

Chairman: J S McGregor Directors: T G Warson, M M Reakes, L R Price, B Long Company Secretary: M F T Robinson

PRINCIPAL ACTIVITIES: Design, development, manufacture, sale, rental and service of a comprehensive range of automation equipment including data processing equipment for industry, commerce and science; industrial process and scientific instrumentation; systems for environmental control of industrial. commercial and residential buildings; precision components and their related products

Parent Company: Honeywell Inc. USA Subsidiary Companies: Honeywell Control Systems Ltd;

Honeywell Aerospace & Defence Ltd; Honeywell Avionics Systems Ltd

PrinCipal Bankers: Citibank; National Westminster Bank PLC; Chase Manhattan Bank



PrinCipal Shareholders: Honeywell Inc No of Employees: 3,017

HOPKINSONS HOLDINGS PLC

31.12.87 £'000

161 ,517 7,632 5,632 5,643

550 88,273

Birkby Grange, Birkby, Huddersfield, West Yorkshire HD2 2XB Tel: 0484 546821 Telex: 517115 HHBGHDG Fax: 0484-517975

UNITED KINGDOM Chairman: J Peter Frost Directors: J R S Russell (Managing Director), R 0 Taylor, P K

Thomas (Secretary), W Pentland Senior Executives: M Evans (Engineering), P G Firth (Finance)

PRINCIPAL ACTIVITIES: High and low pressure valves, control valves, screens, sootblowers, compressors, governors, regulators and boiler mountings, also steel, bronze, iron and special alloy castings; products used in conventional and nuclear power generation, water distribution, effluent disposal, gas installations, ships, petrochemicals and other process industries; equipment suppliers to the brewing industry also installers and repairers of beer raising equipment in public houses etc

Subsidiary Companies: Hopkinsons Ltd; J Blakeborough & Sons Ltd; Bryan Donkin Co Ltd; W.B. Controls Ltd; T & P England Ltd; Atwood & Morrill Co Inc (USA) plus minor subsidiaries


30.1.87 31.1.88 £'000 £'000

Sales turnover 77,254 73,743 Profit before tax 9,135 1,557 Profit after tax 6,942 1,163 Dividends per share* 3.33p 3.33p Earnings per share 11.30p 1.86p Share capital 10,558 15,886 Shareholders funds 37,569 * Adjusted for capitalisation

issue

Principal Shareholders: M & G Investments Ltd (12%) No of Employees: 2,838

HUMPHREYS & GLASGOW LTD

32,130

Chestergate House, 253 Vauxhall Bridge Road, London SW1 V 1HD

Tel: 01-8281234 Cable: Humglas London Telex Telex: 261821 HANDG L Telefax: 01-828 3077

Chairman and Chief Executive Officer: W H Fraser Directors: F W Edwards (Deputy Chairman), A E Clarke, J A

Scarola, S R Singer, W C McCord, T B Malone Senior Executives: P D Gill (Secretary)

PRINCIPAL ACTIVITIES: International contracting and consultancy services for the chemical, oil, gas, pharmaceutical, petrochemical, fertiliser, food and drink industries

Trade Names: H & G Parent Company: Enserch Corporation, USA Subsidiary Companies: Process & Energy Consultants Ltd; Earl

and Wright; Earl and Wright Ltd; Humphreys & Glasgow (Atlantic) Ltd; Humphreys & Glasgow International Ltd; Humphreys & Glasgow (Canada) Ltd; Humphreys & Glasgow (Overseas) Ltd; Project Evaluation, Planning & Implementation Ltd; Humphreys & Glasgow Inc; Humphreys & Glasgow Pacific Pty Ltd; Humphreys of Glasgow Offshore Construction Ltd; Humphreys & Glasgow (Malaysia) Sdn Bhd. Associated Companies: Canatom Heavy Water Ltd; GHG Plant Construction Company; Humphreys & Glasgow Consultants Private Ltd; INITEC-Humphreys & Glasgow Proceso SA


Sales turnover


US$'OOO 3,500,000

HUNTING PETROLEUM SERVICES PLC Bancroft Place, 10 Bancroft Road, Reigate, Surrey RH2 7RP Tel: 0737 222621 Telex: 917044 HUN PET Fax: 0737 246659

246

Chairman: L C Hunting Directors: K W Miller (Managing Director), D L Clark, G P

Dollimore, P G Edwards, R E Treacher Associate Directors: M R Kreiss (France), R W A Laidlaw

(Canada)

PRINCIPAL ACTIVITIES: Crude oil transportation and terminalling; oil process equipment, recycled oil and oil storage; lubricants and specialised products; oilfield services

Trade Names: Hammerite, Waxoyl, Solvol, Autosol, Filtrate Subsidiary Companies: (100% owned unless stated): Hunting Oil

& Gas Ltd; Hunting Petroleum France SA (France); Intercontinental Chimie SA (66%) (France); Societe Europeene de Stock age SA (51%) (France); Societe Internationale d'Equipments et de Realisations Petrolieres et Chimiques (France); Gibson Crude Oil Purchasing Co Ltd (Canada); Gibson Holdings (64%) (Canada); Gibson Petroleum Company Ltd (64%) (Canada); Gibson Gas Liquids Ltd (60%) (Canada); James Propane Calgary Ltd (64%) (Canada); Wascana Pipe Line Ltd (50%) (Canada); Southern Economy Fuels Ltd; Sims (Fuel Oils) Ltd; Eastern Counties Tank Cleaners Ltd; Hunting Lubricants & Industrial Products Ltd; Hunting Lubricants and Specialised Products Ltd; England Hughes Bell & Co Ltd; Vallance & Co (Morley) Ltd; L'Hermetic France SA (France); Hunting Oilfield Services Ltd; Hunting Oilfields Services BV (Netherlands); Hunting Oilfield Services (Pte) Ltd (Singapore); Copgo Hunting Netherlands BV (50%) (Netherlands); Mayflower Exploration Ltd; Hunting Energy Corporation Inc (USA); Tenkay Resources Inc (USA); Hunting Fuel Boss Inc (USA)


31.12.86 31.12.87 £'000 £'000

Sales turnover 199,318 235,890 Profit before tax 7,093 7,559 Profit after tax 4,002 4,472 Retained profit* 2,879 3,124 Dividends 1,581 1,675 Dividends per share 9.0p 9.0p Earnings per share basic 17.94p 16.83p Share capital 4,626 4,654 Shareholders funds 23,341 20,766 *pre-dividend

Principal Shareholders: Hunting Associated Industries pic; Hunting Group piC

No of Employees: 970 UK & Europe

HYDRO FERTILIZERS LTD Levington Research Station, Levington, Ipswich, Suffolk IP10

OLU Tel: 0473715161 Telex: 98273 ferts g Fax: 0473710571

Chairman: T Refvem Directors: G Richards (Managing Director), J G Speirs, A

Ringnes, A Almendingen Senior Executives: T A Preston (Operations Director), G W

Henshilwood (Commercial Director), R A L Ward (Finance Director)

PRINCIPAL ACTIVITIES: Manufacturers and distributors of chemical fertilizers

Trade Names: Extran, Extra Grass, AfterCut, NK Silage, 52 Regular, Universal 17, New 55, Super Yield Potato, Superbeet, NitroTop, Light Land Concentrate, Autumn Corn, Double Season PK, Corn & Grass, New Grass, Maincrop Potato, Super Swede & Boron, Prilled N, Extra PK, Granphos

Parent Company: Wholly owned by Norsk Hydro (UK) Ltd. Ultimate Parent Company - Norsk Hydro AIS, Oslo, Norway

Subsidiary Companies: (100% owned unless stated): Levington Agriculture Ltd (65%); West Norfolk Fertilisers Ltd (55%); George Hadfield & Co Ltd; Fisons Basic Slag Ltd; Bristol Chemicals Ltd; British & Continental Shipping Agency Ltd;

British & Continental Shipping Agency (Humber) Ltd; Nitrogen Fertilisers Ltd; Ploughdown Ltd; Marine Traders Ltd; Medlock Holdings Ltd; Norsk Hydro Fertilizers (Export Services) Ltd; Hydro Chemicals Ltd; Diamond Fertiliser & Chemical Company Ltd; Diamond Chemical Company Ltd; Fertrachem Ltd; The Farmers' Fertilizer Company Ltd; McDonogh-Fison Ltd (60%) (Eire); Innovation Systems (UK) Ltd (75%); Fertitrade Ltd; Lindsey Dock Services Ltd (50%); Windmill Fertilizers (UK) Ltd



31.12.86 31.12.87

£'000


(Loss) before tax (20,811 )



Share capital and reserves 24,046


IMPERIAL CHEMICAL INDUSTRIES PLC ICI

Imperial Chemical House, Millbank, London SW1 P 3JF

Tel: 01-834 4444

Cable: Impkemix London

Telex: 21324

Chairman: D H Henderson

£'000

142,999

(21,546)

(21,178)

95,000

2,868

Executive Directors: J D F Barnes, A W Clements, R C Hampel, TO Hutchison, C Hampson, Sir Charles Reece, F Whiteley. Non-Executive Directors: Sir Alex Jarratt, W G L L Kiep, Sir Patrick Meaney, Sir Jeremy Morse, S Saba, Lord Thomson of Monifieth, Thomas H Wyman

Senior Executives: General Managers: D J Allen (Secretary), J T Harrison (Chief Financial Officer), V 0 White (Group Solicitor), A I H Pink (Planning), M E Brogden (Personnel), B CHines (Insurance and Investments), J D Rushton (External Relations). Chief Executives of Major Subsidiary Companies: R I Lindsell (ICI Chemicals & Polymers Ltd), H Corless (ICI Americas Inc), C M Deeley (ICI Australia Ltd), C H Hantho (CI-L Inc), PEG Daubeney (IEL Ltd), W F Madden (ICI Japan Ltd), R W Clark (Nobel's ExploSives Company Ltd)

PRINCIPAL ACTIVITIES: Chemicals, fertilisers, fibres, industrial explosives, paints, pharmaceuticals, plastics

Principal Subsidiary Companies: (100% owned unless stated): Europe:-Deutsche ICI GmbH (20%) (Germany); ICI Finance PLC; I.C.1. France SA (France); ICI Holland BV (Netherlands); ICI Chemicals & Polymers Ltd; Imperial Chemicals Insurance Ltd; Nobel's Explosives Co Ltd; Scottish Agricultural Industries PLC. The Americas:- C-I-L Inc (Canada); Duperial SAIC (Argentina); ICI American Holdings Inc (USA); ICI Brasil SA (Brazil). Other Countries:- ICI (Malaysia) Holdings Sdn Bhd (94.6%) (Malaysia); ICI Australia Ltd (62%) (Australia); ICI (China) Ltd (Hong Kong and China) ; ICI Japan Ltd (Japan); ICI New Zealand Ltd (75%) (New Zealand); ICI Pakistan Ltd (62%) (Pakistan); ICI-Pharma Ltd (60%) (Japan); ICI (South Africa) Ltd (South Africa); IEL Ltd (51%) (India). Principal Associated Companies: AECI Ltd (38%) (South Africa); European Vinyls Corporation (Holdings) BV (50%) (Netherlands); Tioxide Group PLC (50%); Enterprise Oil PLC (25%)

247


Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share Share capital Capital and reserves


31.12.86 £'000

10,136,000 1,016,000

634,000 319,000 238,000

36.0p 92.0p

657,000 3,665,000

JOHN MOWLEM & COMPANY PLC See MOWLEM, JOHN, & COMPANY PLC

JOHN WYETH & BROTHER LTD See WYETH, JOHN, & BROTHER L TO

JOHNSON MATTHEY PLC

31.12.87 £'000

11,123,000 1,312,000

808,000 483,000 277,000

41.0p 113.6p

676,000 3,445,000

New Garden House, 78 Hatton Garden, London EC1 N 8JP Tel: 01-430 0011 Cable: Matthey London Telex: 267711 JM HQ G Fax: 01-430-0078

Chairman: J N Clarke Directors: C E Anderson (Chief Executive, Executive Director), J

A Stevenson (Operations Director, Executive Director), I G Thorburn (Administration Director, Executive Director), E B Bennett, D J Davies, Q M MorriS, K H Walley (Deputy Chairman), R K A Wakeling, S B Birkenhead (Finance Director, Executive Director)

Senior Executives: B S Cooper (Director Operations), D W R Wright (Secretary), D J Scott (Treasurer), P C Le Mesurier (Strategic Planning ContrOl), Dr G J K Acres (Development), Dr M J Cleare (Planning and Development Director), K E Dubuc (Finance and Administration US), Dr D Kitchen (Personnel), R G Drennan (Financial ContrOl). Colours and Printing: R Gooch (Division Director), F W James (Business Development Director), A G James (Commercial Director Colours), A J Parton (Commercial Director Printing). Catalytic Systems: C R N Clark (Division Director), K E Arnold (PreSident, Auto Catalyst, North America). P G Emmel (Managing Director Auto Catalyst, Europe). Materials Technology: Dr E A Hough (Managing Director Europe). E J Grosso (President North America), M Brown (Managing Director Pacific). Precious Metals: D G Titcombe (Director Platinum Marketing), G G Fisher (Director Precious Metals Refining)

PRINCIPAL ACTIVITIES: Specialists in advanced materials and precious metals teChnology; manufacturer of catalysts and pollution control systems, speciality chemicals, pharmaceutical compounds and intermediates, electronic materials, components and equipment and the fabrication of precious metals; the marketing and refining of precious metals; and the production of pigments; ceramic colours and transfers

Trade Names: Specpure, Spectromel, Honeycat, Spectroflux, Puratronic

Subsidiary Companies: (100% owned unless stated): Matthey Finance Ltd; Johnson Matthey Nominees Ltd; Johnson Matthey Investments Ltd; Matthey Rustenburg Refiners (UK) Ltd (49%); Johnson Matthey SA (France); Matthey Beyrand & Cie SA (60%) (France); Blythe Karel SpA (Italy); Metalli Preziosi SpA (Italy); Johnson Matthey SA (Spain); Johnson Matthey GmbH (Germany): Johnson Matthey Ltd (Eire); Johnson Matthey A/S (Denmark); Johnson Matthey AB (Sweden); SA Johnson Matthey NV (Belgium); Johnson Matthey & Co GmbH (Austria); Johnson Matthey & Brandenberger AG (Switzerland); Blythe Colours BV (Netherlands): Matthey Finance BV (Netherlands); Johnson

UNITED KINGDOM Matthey Inc (USA); Johnson Matthey Investments Inc (USA); Johnson Matthey Precious Metals Corporation (USA); Johnson Matthey Realty Corporation (USA); M F Finance Inc (USA); Johnson Matthey & Co (Canada) Ltd (Canada); Johnson Matthey Ltd (Canada); Matthey Finance Inc (Canada); Johnson Matthey Ltd (Australia); Blythe Colours (Australia) Pty Ltd (Australia); Selex Decal Pty Ltd (Australia); Johnson Matthey Holdings Ltd (Australia); Johnson Matthey Ltd (New Zealand); Johnson Matthey (Singapore) Pte Ltd (Singapore); Johnson Matthey Hong Kong Ltd (Hong Kong); Johnson Matthey Pacific Ltd (Hong Kong); Blythe Colours Singapore Pte Ltd (Singapore); Johnson Matthey (South Korea); Arora-Matthey (40%) (India); Tanaka Matthey KK (50%) (Japan); Johnson Matthey KK (Japan); Johnson Matthey (Pty) Ltd; (South Africa); Matthey Rustenburg Refiners (Pty) Ltd (49%) (South Africa)

Principal Bankers: Lloyds Bank pic; Bank of England; Morgan Guaranty Trust Company of New York


31 .3.87 31.3.88

£'000 £'000

Sales turnover 1,089,900 1,243,300




Dividends 10,900 12,300

Dividends per ordinary share 5.5p 7.0p

Earnings per share basic 25.2p 26.7p


';i',arenolders funds 226,800 255,500

Principal Shareholders: Charter Consolidated PLC (38.19%); Prudential Assurance Co Ltd (5.1 %); Cookson Group pic (8.04%)


KALON GROUP PLC Huddersfield Road, Birstall, Batley, West Yorks WF17 9XA

Tel: 0924 477201

Telex: 557139

Te/efax: 0924 470950

Chairman: L H Silver

Directors: E Smith, M S Silver, G H Pile, P R Jackson (Group Financial Director), M J W Hennessy (Group Managing Director)

Senior Executives: J Haigh (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture of paint and chemicals

Trade Names: Home Charm, Leyland, Carsons, Enfield, Penetone

Subsidiary Companies: Beard POlymers; Smyth-Morris SA (Spain) and a number of non-trading subsidiaries



31.12.86 31.12.87

£'000 £'000


Profit (loss) before tax 4,924 (1,446)

Profit (loss) after tax 3,108 (1,143)


Dividend 1,615


Earnings (loss) per share 2.66p (1.01p)



Principal Shareholders: Directors; Investors in Industry PLC (10.78%)


248

KELSEY INDUSTRIES PLC Kelsey House, Wood Lane End, Hemel Hempstead,

Hertfordshire HP2 4RQ Tel: 0442-233233 Telex: 82363 KELSEY G Telefax: 0442-69554

Chairman: P B Arbib Directors: G F Arbib, M Arbib

PRINCIPAL ACTIVITIES: Manufacture of solder, soldering, audio and video accessories; industrial roofing and insulation contracting

Trade Names: Ersin, Savbit, Bib Subsidiary Companies: Bib Audio/Video Products Ltd; Kelsey

Chemicals Ltd: Kelsey Research Laboratories Ltd; Kelsey Roofing Industries Ltd; Kelsonics Ltd; Multicore Solders Ltd; Kelsey Building Products Ltd; Manchester Slate & Tile Ltd; Kelsey Industries Inc (USA); Multicore Solders Inc (USA); Multicore Solders (Aust) Pty (Australia); Multicore Solders (Malaysia) Sdn.Bhd. (Malaysia); Multicore Lottechnik GmbH (Germany); Multicore Canada Inc (Canada); Gauthier Non Ferrous Products Inc (Canada); PAT Machine Shop Inc (Canada); Multicore Taiwan Solders Ltd (Taiwan)




30.9.86 30.9.87 £'000 £'000

31,441 31 ,691 2,036 2,706 1,193 1,737 7,453 8,774

442 480 8.75p lOp 33.2p 50.9p 2,304 2,304

12,731 13,615

LANE BROTHERS TAR DISTILLERS LTD Liverpool Road, Cadishead, Manchester M30 5DT Tel: 061-7752644 Telex: 668620 LANTAR G Telefax: 061-7761077

Chairman: J BLane Directors: J BLane, M J R Lane, F J Cole , C R G Bryant,

PRINCIPAL ACTIVITIES: Manufacture and merchanting of chemicals, hydrocarbons, tar, oil and bitumen, chemical waste treatment and disposal, waste oil recovery and reprocessing

Trade Names: Lanstar Subsidiary Companies: Lancashire Tar Distillers Ltd; Lanfina

Bitumen Ltd; Lanstar Transport Ltd; Lanstar Astley Ltd; Lanstar Waste Treatment Ltd; Lanstar Chemicals Ltd




LANKRO CHEMICALS LTD

31.12.86 £'000

23,000 1,226

683 700

Silk Street, Eccles, Manchester M30 OBH Tel: 061-7897300 Telex: 667725 lankro g Telefax: 061-7887886

31.12.87 £'000

23,000 1,476

966 841

Directors: J D Stocks (Managing Director), U De Buhr (Managing Director European Countries), B McAlhone (Sales Director), C Thompson (Commercial Director), J P Birkinshaw

(Operations Director). B J Cluley (Finance Director & Secretary). F R Brady (Personnel Director)

PRINCIPAL ACTIVITIES: Production of chemicals including polymer additives and radiation-curing products



Sales turnover


£'000

65.000

LAPORTE INDUSTRIES (HOLDINGS) PLC Laporte House. Kingsway. Luton LU4 8EW

Tel: 058221212

Telex: 82221

Telefax: 058231818

Board of Directors: R Bexon (Chairman Non-Executive). K J Minton (Chief Executive and Managing Director). R E Dickinson (Finance). M A Fearfield (Operations); Dr J Seidl (Operations). G Duncan (Non-Executive). M J Evans (NonExecutive). B A Hall (Personnel and Administration). C Loutrel (Non-Executive). J E Solvay (Non-Executive)

Secretary: P M Burridge

Senior Executives: Senior Management-Central:- Strategic Planning: J P Cordner. K J Greatbatch. Dr J Hollowood. E M Juleff. J D Margetts. D A Morgan. International Property Development: DAR Russe. Chief Legal Officer: A W A Berkeley. Senior Management-Operations:- Core Business Managing Directors: K M Green (Inorganics and Organics). M E G St Amour (Absorbents). Dr M Hervieu (ElectroniCS). S B Ainscough (Building and Timber). E J Menke (Paper and Water). K Hough (Environment). Regional Managers: Dr K G Sansom (Australia). Dr R D Shaw (South East Asia), R G Marshall (South America). Senior Management-Interox:Interox Coordination: R Parrott, Dr B A Jackson

PRINCIPAL ACTIVITIES: Inorganic and organic specialities; absorbents; electronic chemicals and services; paper processing and water treatment; products and services for building and timber industries; trading and other activities; environmental products and services; peroxygen products

Trade Names: Actal. Aluminoferric, Aquasil, Avantine, Fulbent, Fulcat, Fullasorb, Fulloid, Fulmont, Howards, Howflex, Howsorb, Lapofloc, Laponite, Laporte. Sextate, Sextone, Ucicline. Aqua Pill. Polaris. Proxitane, Brebent, Brebond, Fulacolor, Bregel, Sileline, Arylef, Benvic, Eltex, Ixan, Ixol, Kaltron, Halton, Socal, Solef, Solvethane, Solvic, Ster-o-Pro

Subsidiary Companies: (100% owned unless stated): UK: Laporte Industries Ltd; Aquatech Marketing Ltd; Bio-Kil Laboratories Ltd; Compugraphics International Ltd; Countdown Clean Systems Ltd; Fine Organics Ltd; G D Holmes Ltdl; Gramos Chemicals International Ltd; IC Masks Ltd; Laporte Earths (Baulking) Ltd (76.5%); Micro-Image Technology Ltd; Remtox (Chemicals) Ltd; Sovereign Chemical Industries Ltd; The Wallis Laboratory Ltd. Australia: Laporte Group Australia Ltd; Ormonoid Ltd; Trinidad Lake Asphalt (Australia) Pty Ltd. Austria: Laporte Ges mbH (trading as Laporte ESD), Brazil: Hey'di do Brasil Ltda; Laporte do Brasil Participac;:oes e Representac;:oes Ltda. Canada: Dural Polymers of Canada Ltd; Great Lakes Biochemical (Canada) Ltd (72%); Terochem Laboratories Ltd. Eire: Alumina Chemicals Ltd. France: Union Chimique et Industrielle de L'Ouest SA; Union Chimique Europeenne SA; Soprelec SA; S.N.C. Union Chimique Europeenne et Cie. Netherlands: Laporte Absorbents BV; Laporte ESD BV. New Zealand: Laporte Industries (New Zealand) Ltd. Singapore: Laporte Industries (Singapore) Pte Ltd; Sintex Decopol Pte Ltd. Spain: Minas de Gador SA. Switzerland: Laporte ESD AG; Laporte SA. USA: Laporte Inc; Blue Devil Industries Inc; Chemical

249

UNITED KINGDOM

Specialties Inc; Cyantek Corporation; Dural International Corporation; Exsil Inc; Great Lakes Biochemical Co Inc; Johnson-March Corporation (trading as Waverly Mineral Products); Leisure Time Industries (trading as Leisure Time Chemical Corporation); Mineral Research and Development Corporation; Ohio Sealants Inc; Permawood Treating Inc; Tamms Industries Co; The Syracuse Adhesives Company; Vinings Industries Inc; Vinings West Inc; Winchester Disc Inc. West Germany: Deutsche HEY'DI Chemische Baustoffe GmbH; Laporte GmbH (trading as Laporte ESD); ODSA Abpack GmbH



31.12.87

£'000





Dividends 16,600



Share capital 69.600


31.12.88

£'000

516,300

95,300

60,500

34,300

18,900

13.7p

43.4p

69,800

163,500

Principal Shareholders: Solvay & Cie SA/Solvay UK Holding Company Ltd (jointly 22.02% ordinary)


LEP GROUP PLC LEP House. 87 East Street, Epsom, Surrey KT17 lOT

Tel: 03727 29595

Telex: 268716

Telefax: 03727 44307

Chairman: J L Read (also Managing Director)

Directors: M H A Broke, W J R Govett, J L Leach, P J Grant

Senior Executives: P W S Percival (Secretary)

PRINCIPAL ACTIVITIES: Freight forwarding, specialised distribution, industrial, property and interests in security and service businesses

Trade Names: LEP, Crowe, Swift

Subsidiary Companies: (100% owned unless stated): Lep International Ltd; Lep Transport Ltd; Lep Air Ltd; Lep (Bloodstock) Ltd; Lep Chartering Ltd; Lep Fairs Ltd; Lep Packing Ltd; Lep Project Services Ltd; Lep Travel Ltd; Lep International Meeting Organisers Ltd; Crowe & Co (London) Ltd; The European & General Express Co Ltd; Express Container Transport Ltd (95.12%); Lassen Transport Ltd; M M Lilley & Co Ltd; Schenkers Ltd (50%); Swift Transport Services Ltd; Ultrolab Ltd; Route Runner Developments Ltd; Lephawk Ltd (50%); NV Crowe SA (Belgium); Lassen GmbH (Germany); Crowe SpA (Italy); Ta Sped Tavoni Spedizioni Sri (Italy); Lassen Holdings BV (Netherlands); Lep Expo BV (Netherlands): Lep Heavylift BV (Netherlands); Lep International Holdings BV (Netherlands); BV Starintex International Expeditie (Netherlands); Intercontinentale (Oest) GmbH (Austria); Intercont Internationale Speditions GmbH (Austria); Pantrans Anstalt (Liechtenstein); Lassen Transport Lda (Portugal); Lassen SA (Spain); Munditrans SA (Spain); Telmidas AG (Switzerland); LEP International NV (Belgium); LEP Shipping AG (Switzerland); Societe de Transports Internationaux Gehrig SA (France); LEP International (France) SA (France): LEP International Ltd (Eire); LEP International AB (Sweden); EGE Perishables Ltd; LEP Commodities Ltd; LEP Chemicals Ltd; LEP Scientific Ltd; Olympic Chevin Ltd; LEP Industrial Holdings Ltd; LEP (St Pauls Vista) Ltd; EPEX Ltd; LEP Properties Ltd


31.12.86 31.12.87

£'000 £'000

Turnover 892,000 939,000






Earnings per share net 6.0p 7.4p



Principal Shareholders: Kuwait Investment Office (19.95%)


LILLY INDUSTRIES LTD Kingsclere Road, Basingstoke, Hants RG21 2XA

Tel: 0256-473241

Telex: 858931

Telefax: 485170

Chairman: S Taurel Directors: A S Clark (Managing Director), H B Blackwell, P S

Harvey, G J Osborn, T L Rose, P Gibson, J Harvey, T L Shepherd, R W Burchfield

Senior Executives: J Upshall (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of antibiotics, other pharmaceuticals, agrochemicals and medical instruments

Parent Company: Eli Lilly & Co, USA Subsidiary Companies: Eli Lilly & Co Ltd; Dista Products Ltd;

Elanco Products Ltd; Creative Packaging Ltd; Lilly Research Centre Ltd; Lilly Medical Instruments Ltd

Principal Bankers: Barclays Financial Information:

Sales turnover

Profit (loss) before tax Profit (loss) after tax Retained profit Share capital l:>hareholders funds

31.12.86

£'000 181,184

4,590 6,252 6,252 7,100

146,590

Principal Shareholders: Eli Lilly Group Ltd No of Employees: 2,710

LOCKER, THOMAS, (HOLDINGS) PLC

31.12.87

£'000

174,467

(6,464) (4,196) 5,196 7,100

152,506

PO Box 161, Church St, Warrington, Cheshire WA 1 2SU

Tel: 0925-51212 Telex: 629508 lockerg Telefax: 0925 574979

Chairman: B J Pitchford Directors: J P Douglas, F C Walker, J T C Locker, A P Baker, H

Blair Senior Executives: C S H Wilkins, R M Dunlop, H Blair, D Barr

(Company Secretary)

PRINCIPAL ACTIVITIES: General engineering, including manufacture of various types of specialised mechanical handling equipment, air and liquid filtration equipment, woven wire, wire and perforated metal products, domestic and garden products

Trade Names: Amplitrol, Liquatex, Rotex, Vimec, Automaze, Centrimaze, Lockerware, Bakaware

Subsidiary Companies: Locker Industries Ltd; Lockers Engineers Ltd; Locker Air-Maze Ltd; Locker Wire Weavers Ltd; Bakaware Ltd; Associated Perforators & Weavers Ltd; Thomas Locker SA


250


£'000



Profit after tax 793

Retained profit 223

Dividends 518



Share capital 2,000



LONDON & SCOTTISH MARINE OIL PLC

LASMO Bastion House, 140 London Wall, London EC2Y 5DN

Tel: 01-6008021

Telex: 8812970 LASMO G

Telefax: 01-606 2893

Chairman: The Rt Hon Lord Rees

£'000

31,693

1,917 1,145

466

570

1.425p

2.59p

2,000

16,453

Directors: W W C Greentree (Chief Executive), M J K Belmont, D A Ferguson, Sir David Nicolson, J Cordingley, C N Davidson Kelly, Sir Alistair Frame, G F Naylor, M J Pavia, T G King

Senior Executives: E B Titcomb (Secretary), B T Lee (General Manager, Exploration)

PRINCIPAL ACTIVITIES: Worldwide exploration for, and production of natural gas and oil

Trade Names: LASMO

Subsidiary Companies: LASMO North Sea PLC; LASMO International Oil Development Ltd; LASMO Trading Ltd; LASMO Malacca Ltd; LASMO Sumatra Ltd; LASMO Kakap Ltd; LASMO Oil Development (Canada) Ltd (Canada); LASMO Finance Ltd (investment company); LASMO Energy Corporation (USA); LASMO Eurofinance B.V. (The Netherlands) (finance company); European Marine Oil N.V. (Netherlands Antilles); HOMAD Ltd (50%) (Indonesia)

Principal Bankers: Royal Bank of Scotland PLC


£'000





Dividends 13,400

Dividends per share· 7.0p


Ordinary share capital 60,900


·paid

31.12.87 £'000

172,800

36,000

22,300 7,700

14,600 5.2p

12.4p

66,000

352,200

Principal Shareholders: The Rio Tinto-Zinc Corporation PLC

No of Employees: 361 worldwide

MARKS, A H, & COMPANY LTD Wyke Lane, Wyke, Bradford BD12 9EJ Tel: 0274675231

Telex: 51653

Chairman: J Walker Directors: Mrs L M A Marks, J Norris (Joint Managing Director),

A R Marks (Joint Managing Director), Dr M J Walmsley, Dr E Sharkey, R J Goodier, M J Braithwaite

Senior Executives: J Walker (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of agricultural chemicals


Sales turnover

Profit before tax

Profit after tax

Retained profit

Share capital

Shareholders funds


MAY & BAKER LTD

28.6.87

£'000

33,185

1,400

915

900

12

9,250

Rainham Road South, Dagenham, Essex RM10 7XS

Tel: 01-592 3060

Cable: Bismuth Dagenham

Telex: 28691 London

Telefax: 01-5932140

Chairman: Dr K W Humphreys (also Managing Director)

Directors: B M Drew, ACoine, M P Desmarescaux, E Robe"az, G I Landau, R Bounds, H B Guerin

Senior Executives: F N Woolley (Secretary)

PRINCIPAL ACTIVITIES: Pharmaceuticals, fine chemicals and agrochemicals manufacture and sale

Parent Company: Rh6ne-Poulenc SA, France

Subsidiary Companies: May & Baker Canada Ltd and others in Bangaladesh, Kenya, Singapore, Australia, Ghana, Malaysia, New Zealand , Pakistan, South Africa and Zambia and Associated Companies in India and Nigeria



Sales turnover


MCKECHNIE PLC

£'000

440,000

Leighswood Road, Aldridge, Walsall, West Midlands WS9 80S

Tel: 0922743887

Cable: McKechrego Aldridge

Telex: 337816

Telefax: 092251045

Chairman: J M Butler

Directors: L A Milner, P C Hyde-Thomson, K A Mack, W M Windsor, J P Kembery, S G Moberley, M S Ost, J A H L Hoskyns

Senior Executives: E Corker (Group Secretary), D J Lenham (Financial Controller), C A Underdown (Chief Executive Consumer Products), R Butcher (Chief Executive Plastic Packaging), G C C C Cornelius (Chief Executive Plastics)

PRINCIPAL ACTIVITIES: Rods, sections and ingots in copper and brass; builders' and domestic hardware including curtain track, hinges, smallware, plumbing and furniture fittings; fasteners and allied products; moulded and extruded plastic products; cable glands for the electrical industry; stainless steel tube; stockholding and metal merchanting; hydraulic and pneumatic components; metal windows, doors; space heating radiators; mould making; wired circuit boards

Principal Subsidiary Companies: (100% owned unless stated): McKechnie Metals Ltd; McKechnie Consumer Products Ltd; McKechnie Engineering (Reading) Ltd; McKechnie Plastics Ltd; Hawke Cable Glands Ltd; MW. Circuits Ltd (93.3%); PSM International pic; McKechnie Pacific Ltd (New Zealand); Plastic Container Corporation (80%) (USA); McCourtney Plastics Inc (USA)

Principal Bankers: National Westminster Bank PLC; Lloyds Bank PLC; Barclays Bank PLC

251




MERCK HOLDING LTD Broom Road, Poole, Dorset BH12 4NN Tel: 0202 745520 Telex: 41186 Telefax: 0202 738299

Chairman: H J Langmann Directors: H H Clarke, S H Cooke

31.7 .87

£'000 244,022 27,615 17,462 7,112 8,180 11.5p 24.6p

17,998 96,449

31.7.88 £'000

305,539 34,039 22,412 21,484 10,104 13.25p 30.0p

18,376 106,346

PRINCIPAL ACTIVITIES: Production of chemicals and pharmaceuticals

Parent Company: Merck AG, Switzerland Principal Bankers: Barclays Bank PLC; J Henry Schroeder

Wagg & Co Ltd; Samuel Montagu & Co Ltd; The Royal Bank of Scotland


31 .12.86 31.12.87 £'000 £'000

Sales turnover 70,480 77,260 Profit before tax 3,640 3,402 Profit after tax 830 1,795 Retained profit 30 230 Dividend 800 1,155 Share capital 5,540 5,540 Shareholders funds 32,465 30,100


MERCK SHARP & DOHME (HOLDINGS) LTD Hertford Road, Hoddesdon, Herts Tel: 0992 467272 Telex: 261915 MSD Hod G

Chairman: L P Privitere Directors: C F Cliffe, M G Goggin (USA), A J Graham, Lord Ro"

of Ipsden Senior Executives: M J C Baker (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture of chemicals and pharmaceuticals

Trade Names: Merck Sharp & Dohme, Thomas Morson Pharmaceuticals, MSD Agvet, MSD Therapeutics

Parent Company: Merck & Co Inc, USA Subsidiary Companies: Merck Sharp and Dohme Ltd; British

United Turkeys Ltd; Kelco Biospecialities Ltd; Thomas Morson & Son Ltd



31.12.87 £'000

167,221 5,341 2,261

73,478 900

74,468

Principal Shareholders: Merck Holdings Inc, Delaware, USA No of Employees: 1,200

UNITED KINGDOM

MOBIL OIL COMPANY L TO Mobil House, 54·60 Victoria Street, London SW1 E 60B

Tel: 01·8289777

Cable: Mobil Oil London

Telex: 8812411

Chairman: J R O'Neil Directors: A E M Britten (Managing Director), B A Kelly, J B

Hinton, C G Murdoch (Manufacturing Director), J B Rowell, 0 J Riordan (Finance Director), J·L Schilansky (Planning Director)

Senior Executives: C J Rumsey (Secretary)

PRINCIPAL ACTIVITIES: Refining, manufacturing and marketing of petroleum products

Parent Company: Mobil Oil Corporation (USA)

Subsidiary Companies: Prime Garages Ltd; Mobil Oil Ireland Ltd; Vacuum Oil Co Ltd



Sales turnover (Loss) before tax

(Loss) after tax

Retained profit (loss)

Share capital

Shareholders funds

31.12.86

£'000 736,000

(16,147)

(16,147)

(16,147)

14,000

192,680

Principal Shareholders: Mobil Holdings Ltd


MONSANTO P.L.C.

31.12.87

£'000 728,000

(34,520)

(34,520)

(34,520)

14,000

158,160

Chine ham Court, Chineham, Basingstoke, Hants RG24 OUL Tel: 0256 57288 Telex: 858837

Chairman: B L Budd

Directors: G M Francx, C R Heeremans, A G C Rolph (Company Secretary), A B Sarfaty, 0 B Shearn, 0 J Morgan, S E Fryer, o A Hammersley

PRINCIPAL ACTIVITIES: Manufacture of chemicals, plastics and resins and agricultural herbicides

Parent Company: Monsanto Company, St Louis, Missouri, USA Subsidiary Companies: Fisher Controls Ltd; Monsanto Export

Ltd; Montal (Insurance) Ltd; Polyamide Intermediates Ltd Principal Bankers: Barclays Bank PLC; National Westminster

Bank PLC; Citibank Financial Information:

31.12.86 31.12.87 £'000 £'000

Sales turnover 258,787 289,812 Profit before tax 25,564 36,195 Profit after tax 14,154 23,478 Retained profit (loss) (17,855) 23,478 Dividends 32,249 Share capital 2,648 2,648 Shareholders funds 245,118 255,825 'restated


MORGAN CRUCIBLE CO PLC (THE) Chariott House, 6·12 Victoria Street, Windsor, Berks SL4 1 EP Tel: 0753 850331 Telex: 849025 Morgan G Telefax: 0753 850872

Chairman: Sir James Spooner Directors: Dr E B Farmer (Managing Director), M S Clarke·

Jervoise, Sir Frank Cooper, Dr B R S Jones, Lord Jellicoe, A

252

de Lastours (France), G 0 Swetman (Finance Director), Dr R Thompson, P G Simonis

Secretary: I B Simpson. Executives: N G Howard, I P Norris

PRINCIPAL ACTIVITIES: Worldwide, Morgan is the leader in the manufacture of electrical and mechanical carbon products, crucibles and ceramic fibres

Subsidiary Companies: (100% owned unless stated): Carbon Division: Morganite Electrical Carbon Ltd; H J Tinsley & Co

Ltd (60%); Morganite Electronic Instruments Ltd: Electrical Carbon Ltd: SA Morgan (Belgium): Morgan GmbH (Germany); National Electrical Carbon GmbH (Germany); National Electrical Carbon BV (Netherlands); Morganite Italiana sri (Italy): Morganite Nord sri (Italy): Morganite Espanola SA (Spain); Karahm Carbon Ltd (90.83%) (South Korea); Morganite Carbon of Singapore Pte Ltd (Singapore): National Electrical Carbon AB (Sweden): Morganite Taiwan Ltd (Taiwan); Morganite AG (Switzerland); Morganite Inc (USA); National Electrical Carbon Corporation (USA). American Carbon Industries (USA). Technical Ceramics Division: Morgan Matroc Ltd: Morgan Roctec Ltd; Morganite Special

Carbons Ltd: Southern Graphite Services Ltd (90%): Morgan Archer Ltd (75.3%): Rinetan Steel Fabrications Ltd: Sinterform Ltd (55%): Morgan Matroc SA (Spain): Spoumd SA (France): Morgan Matroc Sari (France); Ets Marshall SA (France); Morganite Luxembourg SA (80%) (Luxembourg): Morgan Matroc (Niederlassung) (Germany): Morganite GmbH (Germany); Morgan Matroc sri (Italy); Elettrolitica del Basso Nera SpA (Italy): Morgan Carbon Graphite sri (51%) (Italy); Duramic Products Inc (USA). Morgan Matroc Inc USA. Thermal Ceramics Division: Morganite Thermal Ceramics Ltd; Morgan Tocera Ltd (51%): Morgan Materials Technology Ltd: Morgan Thermic SA (France): Thermal Ceramics Inc (USA):

Thermic Refractories Inc (USA); Fibras Ceramicas Inc (Puerto Rico): Termoceramica SA de CV (Mexico); DFC Ceramics Inc (USA): Fibras Ceramicas Ltda (Brazil). Specialty Chemicals Division: Holt Lloyd International Ltd: Holt Lloyd Ltd: Holt Lloyd Export Ltd: Holt Lloyd Australasia Pty Ltd (Australia): Holt Lloyd SA (62%) (France); Holt Lloyd GmbH (74%) (Germany); Holt Lloyd BV (74%) (Netherlands): Holt Lloyd Europa BV (74%) (Belgium): Holt Lloyd Ltd (80%) (Dire); Holt Lloyd sri (Italy); Musashi Holt KK (55%) (Japan); Holt Lloyd Ltd (New Zealand); Holt Lloyd International (South Africa) Pty Ltd (South Africa): Holt Lloyd Corporation (USA): Rocol Korea Ltd (South Korea); Rocol Inc (USA); P Storup Aps (80%) (Denmark); Kert Chemical Industries Inc (Canada); Kert Chemical Corp (USA); LPS Inc (USA): Rocol Ltd: Oel Handels Kontor GmbH (Germany): Franklin Oil Corp (Ohio) (USA); Hydrotex Inc (USA). Electronics Division: Copeland & Jenkins

Ltd: MBM Technology Ltd: Centronic Ltd: Ormandy & Stollery Electronic Components Ltd; Centronic Sales Ltd: Artisan Electronics Corporation (USA); TGM Detectors Inc (USA): Laser Diode Inc (USA); Dasco Corporation (USA): Centronic Inc (USA): Spanoptic Ltd (60%) (Scotland). Other Subsidiaries: Morganite International Ltd: Morganite Crucible Canada Inc (Canada): Morganite del Caribe SA de CV (Mexico): Morganite do Brasil Industrial Limitada (Brazil); Carbosil SA Industrial &

Comercio (Brazil); Morganite Australia Pty (Australia): Morganite Ceramics Pty Ltd (Australia); Heat Containment Industries Pty Ltd (Australia): Morlynn Ceramics Pty (Australia); Morganite Ceramics Fibres Pty Ltd (Australia): Morganite Carbon NZ Ltd (New Zealand); Morlynn Industries Ltd (New Zealand); Heat Containment Industries Ltd (New Zealand); Morganite South Africa (Pty) Ltd (South Africa); Morganite Carbon KK (Japan): Morganite International (Asia) Ltd (Hong Kong)



£'000 Sales turnover 242,100 Profit before tax 24,800 Profit after tax 18,100 Retained profit 8,000 Dividends 8,500 Dividends per share 9.2p Earnings per share 20.1p Share capital 24,000 Shareholders funds' 99,600 'excluding share capital


MOTHERWELL BRIDGE GROUP PO Box 4, Logans Road, Motherwell ML 1 3NP Tel: 069866111 Telex: 77197 Telefax: 069869774

Chairman: J C A Crawford; President: A R Miller

31.12.87 £'000

334,500 31 ,100 23,400

9,900 10,700 10.0p 22.0p

29,700 98,500

Directors: J Lumsden (Group Managing Director), H Porter, R W Adam, I F Brown

PRINCIPAL ACTIVITIES: Storage tanks, low temperature storage, pipe and piping, mechanical and electrical construction and offshore oil and gas structures, control systems, tank gauging, nuclear windows

Parent Company: Motherwell Bridge Holdings Ltd Subsidiary Companies: Motherwell Bridge Fabricators Ltd;

Motherwell Bridge Construction Ltd; Motherwell Bridge Projects Ltd; M B Services Ltd; Motherwell Bridge Special Products Ltd; Motherwell Control Systems Ltd; Motherwell Bridge Plastic Fabrications Ltd

Principal Bankers: Clydesdale Bank


MOWLEM, JOHN, & COMPANY PLC Westgate House, Ealing Road , Brentford, Middlesex TW8 OOZ Tel: 01 -5689111 Telex: 24414 Telefax: 01-8474802

President: Sir Edgar Beck; Chairman: Sir Philip Beck Directors: Arthur L Charlesworth (Joint Managing Director), C

Beck (Joint Managing Director and Deputy Chairman), 0 L Poppy, R N Sainsbury, C F Popham, B J Watkins, E J Jones, o E A Porter, J MCBurney, Dr E D Albrecht (USA), G F Bayles, S M Robertson, J R Marshall

Senior Executives: J W Ward (Company Secretary)

PRINCIPAL ACTIVITIES: International construction, property development, mechanical engineering; laboratory instruments and other technological services for construction and industry; suppliers of equipment and specialised services to the construction and civil engineering industry

Trade Names: MLM, Mowlem, SGB Cuplok, SGB Metriform, SGB Triframe, SGB Snaplok, Easibuild, Master Heaters

Subsidiary/Associated Companies: Mowlem (Building); Mowlem (Civil Engineering); Mowlem International Ltd; Rattee and Kett; Mowlem Northern; E Thomas and Co; Ernest Ireland Construction; McTay Engineering; McTay Construction; McTay Marine Ltd; Mowlem (Scotland); Mowlem Property Development Ltd; Mowlem Technology Ltd; Mowlem Engineering Ltd; ELE International Ltd; Soil Mechanics Ltd ; Buehler International Inc; Soil Mechanics Ltd; John Mowlem Homes Ltd; SGB pic; SGB SA; Stalen Steiger Holland; Handep BV; Custers Hydraulica BV; HSS Hire Group Ltd; Youngman Group Ltd; Boulton Scaffolding Ltd; W C Youngman Ltd; Youngman Fork Truck Hire Ltd; Youngman System Building Ltd; Lomount Construction Ltd; Hire Service Shops Ltd; HSS Hire Services Ltd; HSS Rhone-Alpes Location SNC; Peter Cox Ltd; Scatco Ltd; SGB Construction Services Inc; Harduns (Contractors Tools) Ltd; SGB Dabal

253

UNITED KINGDOM Ltd; SGB Building Equipment (Pty) Ltd; Ouebeisi-SGB; SGB (Channel Islands) Ltd ; Omega Geruste & Baugeraete GmbH; Witca SGB Stillads A/S ; London City Airport Ltd; P B Power Tools Ltd; Gravity Randall Ltd ; Wainwright & Gibson; Charter Builders Inc

Principal Bankers: National Westminster Bank PLC; Kleinwort, Benson Ltd




MTM PLC

31.1286 £'000

636,000 30,100 18,700 6,700

10,700 16.0p 34.8p

16,700 102,300

Rudby Hall , Hutton Rudby, Yarm, Cleveland TS15 OJN Tel: 0642 701078 Telex: 53365 MTMG Telefax: 0642 700667

Chairman: R S Lines

31.12.87 £'000

793,000 50,200 32,800 17,600 14,600 17.25p 38.3p

21,300 164.200

Directors: J F A tkinson (Financial Director), PRE Norton (Operations Director), J B Friederichsen (Commercial Director), D R Mackness (Secretary), Lord Tordoff (NonExecutive), B Appleton (Non-Executive ICI), 0 B Mackay (Non-Executive ICI), 0 Fyfe (Managing Director), J R Adsetts (Non-Executive)

PRINCIPAL ACTIVITIES: The manufacture and marketing of fine chemicals, effect chemicals, and the provision of specialised services to the chemical industry

Subsidiary Companies: A P Chemicals Ltd; Lancare Ltd; MTM Chemicals Ltd; MTM Specialist Coatings Ltd; MTM Services Ltd; Marlborough Special Products Ltd ; Marlborough Chemicals Inc (USA); Traylor Inc (USA); Marlborough Technical Management (Far East) Ltd (Hong Kong); Norsochem Ltd

PrinCipal Bankers.' Lloyds Bank Pic Financial Information:

31 .12.86 31.12.87 £'000 £'000

Sales turnover 33,987 39,758 Profit before tax 4,208 5,147

Profit after tax 3,396 4,323 Retained profit 2,449 3,375 Dividends 284 1,104 Dividends per share 0.7p 3.0p Earnings per share 10.6p 11.7p Share capital 1,826 1.847 Shareholders funds 17,870 20.705

Principal Shareholders: R S Lines and Family (23.5%); Imperial Chemical Industries Pic (20.3%)


MUREX LTD 89-95 Ferry Lane, Rainham, Essex RM13 9DP Tel: 04027 53322 Telex: 896296 Telefax: 04027 52473

Chairman: H Knahl Directors: M N Best (Managing Director), R E Deil, A Pfeiffer, K

J Schulz, A Bradwell (Works Director), S G Feltham (Commercial Dir9ctor)

Senior Executives: J D Hamilton (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of a wide range of metals , alloys, alloy powders and related chemicals

UNITED KINGDOM Trade Names: Muraflux, Murapack, Murex, Muride, Vanasol,

Vanhibit Parent Company: VIAG AG, Germany


NORSK HYDRO (UK) LTD Bridge House, 69 London Road, Twickenham, Middlesex TW1

1EE Tel: 01-891 1366 Telex: 934700

Chairman: J MClay Directors: J G Speirs (Managing Director), T Aakvaag, S Kjos, A

Ringnes Senior Executives: S T Warren (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of chemicals, plastics and aluminium

Subsidiary Companies: Norsk Hydro Fertilizers Ltd; Diamond Fertiliser and Chemical Co Ltd; Norsk Hydro Polymers Ltd; Aluminium Precision Extruders Ltd; Alumelt Ltd; Farmers Fertilisers Ltd; Norsk Hydro Westbrom Ltd; Sea Life Centre Ltd; Golden Sea Produce Ltd. Associated Company: Spa Aluminium Ltd (36%)


Sales turnover Profit (loss) before tax (Loss) after tax Retained (loss) Share capital

31.12.86 £'000

306,495 (16,800) (17,375) (13,365)

2,000

Principal Shareholders: Norsk Hydro AS, Norway No of Employees: 2,000

OCS GROUP LTD 79 Limpsfield Rd, Sanderstead, Surrey CR2 9LB Tel: 01-651 3211 Telex: 296521 OCSGRP G Telefax: 01-651 4832

Chairman: D H G Goodliffe

31.12.87 £'000

268,005 (10,620) (13,513) 13,000 2,000

Directors: F D Cracknell (Managing Director), G H Bowthorpe (Deputy Managing Director), B W Goodliffe, P J Johnson (Technical Director), J B Goodliffe, R G Goodliffe, J D Gray, S J Phillips, J P White, D J McNaught, A G Waud, P L Armitage (Secretary), S G Bonner, N Haworth

PRINCIPAL ACTIVITIES: General cleaning contracting; contract roll towel laundering; window cleaning; decorating services; building refurbishment; manufacture of access equipment and windows for high rise buildings; security services; hygiene services

Subsidiary Companies: (100% owned unless stated):- Office Factory and Window Cleaning:- Aircraft Cleaning Services Ltd; Clean master Ltd; Grange Cleaning Services Ltd (Northern Ireland); Monk Cleaning Services Ltd; The New Century Cleaning Company Ltd; New Chesterton Cleaning Ltd (87%); Office Cleaning Services Ltd; Office Cleaning Services (Scotland) Ltd; Office Cleaning Services (Wales) Ltd; OCS Hospital Services Ltd; Strand Cleaning Services Ltd. Security Services:- Centuryan Security Ltd. Laundering:-Smarts Group Ltd. Construction and Allied Work:- Throwers Plant Displays Ltd; Caxton Property Services Ltd; Centuryan Safety Services Ltd; John Churchill (Valuers) Ltd; The Cotswold Casement Company Ltd (88.33%); Cradle Runways Ltd; R Fox & Sons Ltd; General Dampcourse & Wood worm Co Ltd; Lelliotts Sunblinds Ltd; Resin Technology Contracts Ltd: Survey and Construction (Sealants) Ltd; West Leigh Group Ltd; Whitbys Ltd; Woodside Glass & Glazing Ltd; Vito pan Ltd. Manufacturing:- A.M.E.L. (Chemicals) Ltd; Coliie Carpets Ltd; R M Moody Ltd; Hygiene Services:- Cannon Hygiene Ltd; Permapure Ltd; Xylon Ltd. Overseas Subsidiaries:- O.C.S.

254

Belgium SA (Belgium); Cannon Hygienic Products (Ireland) Ltd (80%) (Eire); O.C.S. Nederland B.V. (Netherlands); O.C.S. Office Cleaning Services Canada Inc. (Canada); O.C.S. Espana SA (Spain, non-trading); Office Cleaning Services (Eire) Ltd (Eire); Cannon Hygiene Espana SA (Spain); Cannon Hygiene Portugal Lda (87.25%) (Portugal)

Principal Bankers: Lloyds Bank Pic; Midland Bank Pic; Barclays Bank Pic; National Westminster Bank Pic


£'000 Sales turnover 104,090 Profit before tax 5,276 Profit after tax 3,546 Retained profit 4,304 Dividends 814 Dividends per share 72p Earnings per share 292p Issued share capital 552 Shareholders funds 29,650


PAULS PLC PO Box 39, Key Street, Ipswich, Suffolk IP4 1 BX Tel: 0473232222 Telex: 98412 PASIPS Telefax: 0473230509

Chairman: G W Paul (Non-Executive)

31.3.87 £'000

114,902 5,825 3,675 4,524

938 85p

328p 552

32,659

Directors: P G W Simmonds (Group Managing Director), M W McCorkell (Non-Executive), M G Wood (Group Finance Director), 0 P Hudson (Managing Director, Pauls Malt Ltd), J M Paul (Managing Director, Pauls Agriculture), R M Shipman (Chairman, Felton Worldwide Inc), H McKeag (Non-Executive)

Senior Executives: S Middleton (Group Secretary), R E Mitson (Group Personnel Manager), J M Rendle (Group Chief Accountant)

PRINCIPAL ACTIVITIES: Manufacture of animal feeding stuffs; malting; food flavourings and essences; flour milling; manufacture of breakfast cereals, packet soups and sauces

Trade Names: Milkline, Calcream, Eggemon, Maximeat, Pigwean, Growlean, Topflock, Beeflot

Parent Company: Harrisons & Crosfield pic Subsidiary Companies: (100% owned unless stated): Pauls

Agriculture Ltd; Pauls Malt Ltd; Felton Worldwide Ltd; Associated British Malsters; Pauls Navigation Services Ltd (60%) (Cyprus); Felton Company (Great Britain) Ltd; Telford Foods Ltd; Felton Co France SARL (France); Felton Worldwide Inc (USA); Felton Flavours & Fragrances (Italy) SRL; Felton Japan Co Ltd (Japan); Felton Chemicals (Asia) Ltd (Hong Kong); Felton International (Australia) Pty Ltd (Australia). Related companies: Breckland Farms Ltd (50%); The Grain Terminal (Ipswich) Ltd (50%); Multimalt Ltd (40%) (Nigeria). Other investments: Grain Harvester Ltd (15.8%)

Principal Bankers: Lloyds Bank PLC; National Westminster Bank PLC; Bank of Scotland; Midland Bank PLC


£'000 £'000 Sales turnover 306,733 349,207 Profit before tax 12,506 18,852 Profit after tax 7,647 11,840 Retained profit 5,296 6,066 Dividends 2,253 9,753 Earnings per share' 23.77p 37.00p Share capital 8,848 8,848 Shareholders funds 68,231 63,314

"after tax

Principal Shareholders: Pauls pic is a wholly owned subsidiary of Harrisons & Crosfield PLC


PERTWEE HOLDINGS LTD Harbour House, Hythe Quay, Colchester, Essex C02 8JF

Tel: 0206 577991

Telex: 98121 Percol G

Telefax: 0206 575479

Chairman: C F Pertwee (and Chief Executive)

Directors: 0 B Pertwee, J W Poulton, A N F Pertwee (Secretary), K H Fowler (Non-Executive), M N Pertwee, N F Pertwee, J W Linton, A Willats (Non-Executive)

PRINCIPAL ACTIVITIES: Sale of agricultural and horticultural supplies including seeds, fertilisers and agrochemicals; manufacture of fertilisers; cereal seeds; grass and small agricultural seeds; chalk quarrying

Trade Names: LANDFORCE, MAGNATROX, PERLlME, PER SEED

Subsidiary Companies: Frank Pertwee & Sons Ltd; Pertwee Landforce Ltd; Pertwee Stimpson Ltd; G Twyman & Son



31.5.87 31.5.88

£'000 £'QOO


Profit (loss) after tax (12)

Retained profit (loss) (42)

Dividends 30


Share capital 530


Principal Shareholders: C F Pertwee; 0 B Pertwee; A N F Pertwee; N F Pertwee; M N Pertwee


PETROFINA (UK) LTD Petrofina House, Ashley Avenue, Epsom, Surrey

Tel: 03727 26226

Telex: 894317

Telefax: 0372744520

53

39

13

530

3,692

Board of Directors: Sir Peter M Hordern (Chairman), Dr J Birks (Vice Chairman), Dr P H Jungels (Managing Director and Chief Executive), R W H Dasent, S P H Howorth, G Vander Straeten, Rt Hon Christopher J Chataway, F M G Cornelis, J P Amory, M Webb

General Management: Dr P H Jungels (Managing Director and Chiei Executive), R W H Dasent (Executive Director Supply and Marketing), R Thiers (Geneal Manager, Exploration and Production), N J Wormald (General Manager Administration), S P H Howorth (Executive Director Sales), P H W Johnson (General Manager Operations), M Webb (Executive Director Commercial Services)

Secretary: N C P Vandervell

PRINCIPAL ACTIVITIES: Marketing of petroleum and ancillary products and, through subsidiary companies, the manufacture and marketing of paints for marine and industrial use, petrochemicals, plastics, solid fuels and energy saving equipment

Trade Names: Fina, Sigma, Punch

Parent Company: Petrofina SA, Belgium

Subsidiary Companies: (100% owned unless stated): Charterhouse Petroleum pic; Fina Chemicals Ltd; Petrofina Refineries Ltd; Sigma Coatings Ltd (75%); The Energy Equipment Co Ltd; Hercock Simpson (Holdings) Ltd; Punch Service Stations Ltd; UIC Insurance Company Ltd (67%); Fina Petroleum Development Ltd; Graig Exploration Ltd (75%); Fina Petroleum Mitre Ltd; Chapet Resources AB (Sweden); DSM Hydrocarbons (UK) Ltd (50.025%)


255


Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit (loss) Share capital Shareholders funds


31.12.86 £'000

824,450 12,626 12,837 10,718 24,000

129,536

PHILLIPS IMPERIAL PETROLEUM LTD Imperial Chemical House, Millbank, London SW1 P 3JF Tel: 0642454144 (Wilton Office) Telex: 587461 ICI Wilton M'bro Telefax: 0642 432666

Chairman: J CHili

31.12.87 £'000

885,198 (21,166) (21,211) (21,000) 24,000

108,864

Directors: P G Rogerson, R N Hodge, N A 0 Carey, R G Steiner, R I Robinson

Senior Executives: R M Stewart (General Manager), M G Wille (Deputy General Manager), R S Fuller (Chief Financial Officer), A 0 Frew (Secretary)

PRINCIPAL ACTIVITIES: The company is engaged in refining crude oil and marketing petroleum products

Trade Names: PPP (Philips Petroleum Products) Ltd-Selling Company

Parent Company: Jointly owned by Phillips Petroleum Company United Kingdom Ltd and Imperial Chemical Industries PLC


Sales turnover Profit (loss) before tax Profit (loss) after tax Dividends Share capital

31 .12.86 £'000

269,432 (983) (607)

10,000 20

PHILLIPS PETROLEUM CO UK LTD

31 .12.87 £'000

305,225 1,772 1,223

20

Phillips Quadrant, 35 Guildford Road, Woking, Surrey GU22 7QT

Tel: 0483 756668

Chairman: T L Sandridge (USA) Directors: F L Faust (USA), J A Taylor, J C Hill (Ireland), B L

Jennings, A W Risley (USA), 0 J Warwick Senior Executives: L C E Redrup (Secretary)

PRINCIPAL ACTIVITIES: Exploration for and refining of crude oil and natural gas

Parent Company: Phillips Petroleum Co, USA Subsidiary Companies: Applied Automation UK Ltd; Phillips Oil

(GB) Ltd; Phillips Petroleum Chemical UK Ltd; Phillips Petroleum Products Ltd; Adelphi Property Management Ltd


Sales turnover


PORTALS HOLDINGS PLC

£'000 340,000

Laverstoke Mill, Whitchurch, Hampshire RG28 7NR Tel: 0256892360 Telex: 858059 PORHOL G Telefax: 0256 893398

Board of Directors: J J L G Sheffield (Chairman), M H F Morley (Deputy Chairman), J W Mather, LeN Bury, B J F Dewson, S F Every, A Philip Conway, J E F Lloyd, E W Jackson, H Jon Foulds (Non-Executive)

Executive Committee: J E F Lloyd (Group Managing Director), Dr E W Jackson (Water Treatment Managing Director), B J F

UNITED KINGDOM Dewson (Engineering Managing Director), S F Every (Financial Director), A Philip Conway (Papermaking Managing Director)

Senior Executives: R G Lee (Secretary)

PRINCIPAL ACTIVITIES: Bank note and high security paper manufacturers; contractors for the supply of water treatment; sewage and effluent plant for water authorities and industry; manufacturers of specialized proprietary equipment for the paper, printing and packaging industries

Trade Names: Permutit

Subsidiary Companies: (100% owned unless stated): Papermaking Division:-Portals Papermaking Ltd; Portals Ltd; Portals (Bathford) Ltd; Portals Inc (USA). Computer Technology Division: Portals Computer Technology Ltd; Servelec Ltd; Seprol Ltd. Property Division:- Portals Property Ltd; Laverstoke Estates Ltd. Engineering Division:- Portals Engineering Ltd; Delford Division; PPM Albro Division; Component Manufacturing Division; Sulby Vacuumatic Division; Vacuumatic Maschinen GmbH (Germany). Water Treatment Division:- Portals Water Treatment Ltd; Houseman (Burnham) Ltd; Paterson Candy International Ltd; The Permutit Company Ltd; Portacel Ltd; F W Talbot & Co Ltd; Houseman BV (Netherlands); Houseman NV (Belgium); Home Waterbehandeling BV (Netherlands); The Permutit Company of Australia Pty Ltd (Australia); William Boby & Company (Australia) Pty Ltd (Australia); Portals New Zealand Ltd (New Zealand); Portals Water Treatment South Africa (Pty) Ltd (South Africa); Paterson Candy (Malaysia) Sdn. Bhd. Ltd (Malaysia); Paterson Candy International (Nigeria) Ltd (60%) (Nigeria); Portals Water Treatment (Singapore) Pte Ltd (Singapore); Portals Water Treatment (Hong Kong) Ltd (Hong Kong); LA Water Treatment Corporation (USA)

Principal Bankers: The Bank of England; Midland Bank PLC; National Westminster Bank PLC


31.12.86

£'000





Dividends 4,743




Shareholders funds(2) 88,514

(1) fully diluted

(2) ordinary

Principal Shareholders: Bank of England (28.5%)


ROCHE PRODUCTS LTD PO Box 8, Welwyn Garden City, Herts AL7 3AY

Tel: (0707) 328128

Telex: 262098 ROCHEW G

Telefax: 338297

31.12.87

£'000

200,008

21,096

14,436

4,387

5,184

9.10p

23.57p

15,005

99,842

Chairman: Dr A F Leuenberger (resident in Switzerland)

Directors: Dr P J Fellner (Managing), W M Burns (Pharma Division), 0 Griffiths (Finance), Dr 0 P Clough (Research), Dr J A Goldsmith (Site, Welwyn), J N Hornibrook (Works, Dairy), P A Newton-Syms (Personnel), Dr A M Kessler (NonExecutive)

Senior Executives: 0 J Coleman (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals and fine chemicals

Trade Names: Librium, Valium, Mogadon, Bactrim, Madopar, Dalmane, Rohypnol, Lexotan, Tigason, Roaccutane, Roferon A, Hypnovel, Rivotril

256

Parent Company: Subsidiary of SAPAC Corpn Ltd Canada which is affiliated to F Hoffman-La Roche & Co AG, Switzerland

Subsidiary Companies: Colborn-Dawes Ltd; Colborn Dawes Australia (Pty) Ltd (Australia); Colborn Dawes (Ireland) Ltd (Eire); Animal Nutrition Services International Ltd



31.12.86 31.12.87

£'000 £'000







ROHM AND HAAS (UK) LTD Lennig House, 2 Masons Ave, Croydon, Surrey CR9 3NB

Tel: 01-686 8844

Cable: Rohmhaas, Croydon, England

Telex: 917266

Telefax: 01 -686 8329

Chairman: L A Shearman (also Managing Director)

Directors: B H Yeats (Deputy Chairman), J R Galley (Financial), H S Lockey (Sales), B A Vassiliou

Senior Executives: W H Bell (Company Secretary). Operations Committee: L A Shearman, A R Meakin (Area Sales Manager, Agricultural), J R Galley (Financial Manager), G J Newnes (Distribution, Purchasing and Sales Services Manager), H S Lockey (Area Sales Manager, Polymer and Resins), I M Gaines (Plant Manager, Jarrow), M Andrews (Plant Manager, Grangemouth), A Williamson (Personnel), R Shorey (Area Sales Manager, Plastics), R Scott (Area Sales Manager, Ion Exchange Resins), S Neal (Area Sales Manager, Biocides and Surfactants)

PRINCIPAL ACTIVITIES: Manufacture and resale of speciality chemicals for industrial use, such as paints and industrial coatings, caulks and sealants, leather, textiles, paper, floor polishes, adhesives, plastiCS, detergents, cosmetics and toiletries, oil field applications, lubricants, water and effluent treatment; Acrylates and Methacrylates

Trade Names: Dithane, Karathane, Kelthane, Tok, Kerb, Primal, Paraloid, Amberlite, Amberlyst, Primafloc, Plexol, Plexiglas, Triton, Hyamine, Kathon, Acryloid, Acrysol, Ambersep, Blazer, Dikar, Goal, Hybrex, Kydex, Rhoplex, Skane, Stam, Ropaque, Primene, Duolite, Polyset, Robond

Parent Company: Rohm and Haas Company, Philadelphia, USA

Subsidiary Companies: Lennig Chemicals Ltd (Dormant)

Principal Bankers: Citibank; Lloyds Bank PLC


31 .12.86 31 .12.87

£'000 £'000





Dividends 22,100 591

Dividends per share £8.75 £0.234

Earnings per share £10.59 £9.95


Shareholders funds 26,895 51 ,701

Principal Shareholders: Rohm and Haas Equity Corporation USA


RTZ RTZ CORPORATION PLC (THE) 6 St James's Square, London SW1 Y 4LD Tel: 01-9302399 Cable: Riozinc London Telex: 24639 Telefax: 01-930 3249 Gil, III

Chairman: Sir Alistair Frame Directors: J 0 Birkin (Deputy Chairman and Chief Executive). I C

Strachan (Finance), The Lord Clitheroe (Chairman, RTl Borax and Deputy Chief Executive), 0 Edwards (Chairman RTl Pillar and RTZ Chemicals), A E Buxton (Metals Director), R P Wilson (Planning and Development Director). Non Executive Directors: M Littman, Sir David Orr, Sir Donald Tebbit, R S Walker, Sir Anthony Tuke

Senior Executives: F S Wigley (Secretary), L A Broder (Deputy Secretary)

PRINCIPAL ACTIVITIES: RTl and its subsidiary companies -the Group - is a British - based international group of mining and industrial companies with interests in almost every major metal and fuel including aluminium and its products, borax, coal, copper, gold, industrial chemicals, iron ore, lead, oil, silver, specialty steels, tin, uranium, zinc. RTl also has substantial interests in metal fabrication, engineering and construction materials

Trade Names: RTl Subsidiary/Associated Companies: (100% owned unless stated):

Australia: CRA Ltd (49%); Australian Mining & Smelting Ltd (49%); Kembla Coal & Coke Pty Ltd (49%); Comalco Ltd (67% interest held by CRA. Therefore RTl's interest is 32.8%); Hamersley Holdings Ltd (49%). Canada: Rio Algom Ltd (52.8%); Lornex Mining Corporation Ltd (68.1 % interest held by Rio Algom: Therefore RTl's interest is 35.95%); Indal Ltd (61.6%). Namibia: ROSSing Uranium Ltd (46.5%). Netherlands: Budel linc Plant (50% in joint venture held by CRA). New Zealand: New lealand Aluminium Smelters Ltd (58.7% held by CRA). Papua New Guinea: Bougainville Copper Ltd (53.6% held by CRA). South Africa: Rio Tinto South Africa Ltd; Palabora Mining Company Ltd (38.9%). Spain: Rio Tinto Minera SA (49%). UK: AM&S Europe Ltd (49%); London & Scottish Marine Oil PLC (29.7%); Rio Tinto Finance & Exploration pic; R.T.Z.Borax Ltd; R.T.z.Chemicals Ltd; R.T.Z.Metals Ltd; MK Electric Group; Anglesey Aluminium Ltd (51%); Capper Pass Ltd; Riofinex Ltd; R.T.l.Piliar Ltd; Pillar Aluminium Ltd; Pillar Engineering Ltd. USA: United States Borax & Chemical Corporation; US Silica Company; Commonwealth Aluminum Corporation (held by Comalco). Zimbabwe: Rio Tinto Zimbabwe Ltd (56.1%)

Principal Bankers: Lloyds Bank PLC; Midland Bank PLC Financial Information:

31 .12.86 31.12.87 £'000 £'000

Group turnover 4,343,000 4,209,300 Turnover 3,343,900 3,397,100 Profit before tax 601,700 594,300 Profit after tax 326,900 351,500 Retained profit 169,700 191,500 Dividends 72,000 88,400 Dividends per share 9.4p 11 .5p Earnings per share 31.56p 35.97 Share capital 88,300 88,500 Shareholders funds 1,617,000 1,605,300

No of Employees: 17,780 UK Group, 78,705 Total Group

SAMUEL BANNER AND CO LTD See BANNER, SAMUEL, AND CO LTD

257

UNITED KINGDOM

SANDOZ PRODUCTS LTD Calverley Lane, Horsforth, Leeds LS18 4RP Tel: 0532 584646 Telex: 55411 Telefax: 0532 502573

Chairman: Dr Rolf Schweizer Directors: A 0 Ferns, 0 Rae Smith, H P Sigg Senior Executives: T G McKnight (Head of Chemicals Division),

E J Fullagar (Head of Pharmaceutical Division), R Mueller (Head of Finance/Administration Division), 0 T Kemp (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture of dyestuffs, pigments, chemical speciality prOducts, pharmaceuticals

Parent Company: Sandoz AG, Basle, Switzerland Subsidiary Companies: Sandoz Products (Ireland) Ltd; Mercury

Plastics PLC Principal Bankers: National Westminster Bank PLC; Swiss Bank

Corporation; Union Bank of Switzerland Financial Information:

31.12.86 31.12.87 £'000

Sales turnover 80,211 Profit before tax 865 Profit after tax 857 Retained profit 574 Dividends 216 Dividends per share 4p Earnings per share 16p Share capital 5,400 Shareholders funds 18,471

PrinCipal Shareholders: Sandoz AG (100%) No of Employees: 850

SCHERING HOLDINGS LTD

£'000 89,147 2,383 2,000 1,784

216 4p

44p 5,400

20,255

Mount Pleasant House, Huntingdon Road, Cambridge CB3 ODA Tel: 0223 323 222 Telex: 81654 Fabcam g Telefax: 0223 66853

Chairman: T James Directors: Sir J Taylor, Dr C Bruhn, Prof K Pohle, J 0 Stables,

Dr M A Smith Senior Executives: M R A Hargraves (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of a wide range of chemicals for agricultural and health purposes

Trade Names: Nortror. , Sportak, Ficam, Mitac, Apollo Parent Company: Schering AG, Germany Subsidiary Companies: Schering Agrochemicals Ltd; Schering

Health Care Ltd: Schering Industrial Products Ltd PrinCipal Bankers: Barclays Bank PLC

No of Employees.' 1,745

SCOTTISH AGRICULTURAL INDUSTRIES PlC 25 Ravelston Terrace, Edinburgh EH4 3ET Tel: 031-3322481 Cable: Scotag Edinburgh Telex: 72268 saiedb g Telefax: 031-343 2820

Chairman: P A Marsden Directors: Dr R N Eckersall (Managing Director), K T G Atkins

(Non-Executive), T Baxter (Non-Executive), P A Marsden (Non-Executive), R M C Reid (Commercial Manager), J S L Baker (Non-Executive)

Senior Executives: I A Ross (Secretary), K Mallen (Personnel), I King (Finance)

PRINCIPAL ACTIVITIES: Sale of fertilisers, and farm seeds; sale of crop chemicals and livestock products; purchase and sale of grain

Trade Names: Phosai, Enmag, Nutraphos, Scotphos, HF (Seeds), Hortus

UNITED KINGDOM Parent Company: ICI Chemicals & Polymers Ltd., a subsidiary

of Imperial Chemical Industries PLC

Associated Companies: Sidlaw Grain Co Ltd

Principal Bankers: Bank of Scotland


31.12.86

£'000


(Loss) before tax (6,885)


Retained (loss) (6,966)

Dividend 338


(Loss) per share* (74.0p)

Share capital 8,450


*before tax


SHELL CHEMICALS UK LTD Shell-Mex House, Strand, London WC2R ODX

Tel: 01-257 4000

Telex: 21795

Telefax: 01-257 1336

Chairman: R P Reid

31.12.87

£'000

113,766

(9,272)

(6,251)

(6,251)

8,450

21,291

Directors: J A Collins (Managing Director), P Van Duursen, J W Gordon, S W Hargreaves (Special Chemicals), C 0 Vincent (Corporate Functions), A E Woodley (Base Chemicals, Polymers and Solvents)

PRINCIPAL ACTIVITIES: Manufacture of petrochemicals

Parent Company: Royal Dutch Petroleum Company, Netherlands


"SHELL" TRANSPORT AND TRADING COMPANY P.L.C. (THE) Shell Centre, London SEl 7NA

Tel: 01-934 1234

Telex: 919651

Telefax: 01-934 5252

Chairman: Peter F Holmes

Directors: 0 R Welham (Managing Director), J S Jennings (Managing Director), W C Thomson, Sir Peter Baxendell, Sir David Orr, Sir Robert Clark, The Rt Hon Sir Michael Palliser, The Rt Hon Edmund Dell, The Rt Hon The Earl of Cromer, R M Hart

Senior Executives: V A Wad ham (Secretary)

PRINCIPAL ACTIVITIES: Oil and gas exploration, production, manufacturing and marketing; chemicals, coal, metals and other businesses; "Shell" Transport & Trading has no operations of its own and virtually the whole of its income derives from its 40% interest in the companies known collectively as Royal Dutch/Shell Group of Companies. The other 60% is owned by Royal Dutch Petroleum Company, a Netherlands company

Trade Names: Shell

Principal Investments: The Shell Petroleum Co Ltd (40%); Shell Petroleum NV (40%); Shell Petroleum Inc (40%)

Principal Bankers: Lloyds Bank Pic

258


Sales proceeds net(l)

Income before tax(l)

Net income(l)

Retained profit Dividends(2) Dividends per share(2) Net assets per share(2) Earnings per share(2)

Share capital Shareholders funds (1) Figures from Royal

Dutch/Shell Group Financial Statements

(2) Ordinary

31 .12.86

£'000

44,206,000

5,700,000 2,540,000

36,100 475,100

43.0p

907.4p

82.0p 288,200

10,037,300

31.12.87

£'000

44,779,000

5,980,000 2,883,000

18,200 530,300

48.0p 832.3p

95.2p 288,200

9,207,000

No of Employees: 136,000 (Royal Dutch/Shell Group)

SHELL U.K. LIMITED PO Box 148, Shell-Mex House, Strand, London WC2R ODX

Tel: 01-257 3000 Cable: Shellukay London WC2 Telex: 22585 SHELL G

Chairman: R P Reid (also Chief Executive and Managing Director)

Directors: P Everett (Managing), J A Collins (Managing), J Klootwijk (Managing), Professor F G T Holliday, M L Raiser, Sir Thomas Risk, I A Thornley, Sir Francis Tombs, A E Vicars-Miles

PRINCIPAL ACTIVITIES: Shell U.K. Ltd, a company of the Royal Dutch/Shell Group, is engaged in the exploration for and production of oil and natural gas, in oil refining and chemicals manufacturing, and in the marketing and distribution of the resulting products. It is organised into three main business sectors:- Shell U.K.Exploration and Production (Shell Expro) is a major producer of oil and gas from the North Sea, where it is operator for the 50/50 Shell/Esso joint venture. It is also involved in exploration in other UK Continental Shelf waters and on land. Shell U.K.Oil (SUKO) is the oil manufacturing and marketing organisation, operating two refineries (Stan low and Shell Haven) and 31 distribution terminals. Shell Chemicals U.K. Ltd (SCUK) manufactures chemicals at Stanlow, Carrington and Shell Haven and markets these products and others made at Shell chemical plants overseas

Trade Names: Shell U.K. Oil, Shell U.K. Exploration and Production

Parent Company: N.V. Koninklijke Nederlandsche Petroleum Maatschappij (Royal Dutch Petroleum Company)

Subsidiary Companies: Shell Chemicals U.K. Ltd Principal Bankers: Lloyds Bank PLC Financial Information:

31.12.86 £'000

Sales turnover 6,569,000 Sales turnover* 4,727,000 Profit before tax 1,098,000 Profit after tax 757,000 Retained profit 142,000 Dividends 615,000 Share capital 1,000,000 Shareholders funds 1,508,000 ·excluding duties and VAT

Principal Shareholders: Shell Holdings (U.K.) Ltd No of Employees: 13,636

SIDNEY C BANKS PLC See BANKS, SIDNEY C, PLC

31.12.87

£'000 6,677,000

4,851,000 1,093,000

675,000 75,000

600,000 1,000,000 1,583,000

Silkolene _ J4 LUBRICANTS

SILKOLENE LUBRICANTS PLC Silkolene Oil Refinery, Derby Rd, Derbyshire DE5 1WF Tel: 0773824151 Telex: 37219 Telefax: 0773823659

Chairman: R G Dalton Directors: A J Parsons (Chief Executive), G S Rose, M S

Boissier (Non-Executive), D G Milne (Non-Executive) Group Senior Executives: J DAlton, G J Cooper

PRINCIPAL ACTIVITIES: The group is engaged in the manufacture and distribution of petroleum products including lubricating oils and petroleum jelly

Trade Names: Silkolene Subsidiary Companies: Dalton & Co Ltd; Dalton & Co (Synthetic

Products) Ltd; Phoenix Oil Co (UK) Ltd; Hawk Oil (Belgique) SA (Belgium); Silkoil Ltd (Eire)


31.12.86 £'000

Sales turnover 23,136 Profit before tax 789 Profit after tax 445 Retained profit 117 Dividends 252 Dividends per share 6.0p Earnings per share 10.6p Share capital 1,050 Shareholders funds 5,204

31.12.87 £'000

23,605 2,151 1,334

955 379

9.0p 31.7p 1,054 6,183

Principal Shareholders: Dalton Family and Directors (36%); Derbyshire County Council (10%); The Scottish American Investment Co PLC (7%)


SIMON ENGINEERING PLC Bird Hall Lane, Cheadle Heath, Stockport, Cheshire SK3 ORT Tel: 061-4283600 Cable: Simon Stockport Telex Telex: 665923 SIMENG G Telefax: 061-491 2472

Chairman: R E J Roberts Directors: T C Leader (Chief Executive), B R C Kemp (Deputy

Chief Executive), PC H Cook, D L Davis, J J Hartley, J W H Morgan (Non-Executive), G H Richardson (Finance Director), Sir Philip Foreman (Non-Executive), T Neville (Non-Executive)

Senior Executives: Alan Royle (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacturing Division:- The Manufacturing Division consists of three sub-Groups: Access and Fire sub-Group - powered access equipment including vehicle-mounted hydraulic platforms, insulated telescopic and articulating machines, trailer-mounted units, scissor lifts, truck-mounted cranes and digger derricks. Specialist firefighting equipment including elevating platforms and ladders, airport crash and rescue vehicles, foam trucks, aircraft refuellers, tankers and special purpose chassis. Food sub-Group - cereal milling plants, animal feed milling plants, poultry processing equipment, vegetable oilseed processing plants. Equipment sub-Group - corrugated board and converting maChinery, waste water treatment maChinery, solids handling equipment, transmission products. Engineering Contracting Division:- The Engineering Contracting Division consists of four sub-Groups: Building Services sub-Group - building engineering services, building maintenance and security services, plant and tool hire. Capital

259

UNITED KINGDOM Projects sub-Group - chemical, industrial, materials handling, nuclear, food processing and coal preparation plants. Overseas Operations sub-Group -chemical, industrial, materials handling and food processing plants, including: cereal and feed milling, edible oil and poultry processing, solids handling, corrugated board manufacture and building engineering services. Technology sub-Group - airport control systems, process control and automation systems, electronic instrument calibration. Services Division:- The Services subGroup - geophysical exploration, chemicals and related services for the oil and gas industries: Storage sub-Group -storage and handling of bulk liquid materials. Merchanting sub-Group - marketing and processing of specialised carbon products. Transport and Warehousing sub-Group - transport and warehousing of bulk materials, distribution of fuel oils

Subsidiary Companies: (100% owned unless stated): Engineering Contracting:- Simon-Carves Ltd; Simonacco Ltd; Simon Engineering (Australia); Drake & Scull Engineering Ltd; Drake & Scull Overseas Ltd; Drake & Scull International Ltd; Calibration Systems Ltd (65%); Drake Aviation & Integrated Technology; Simon Drake Automation. Manufacturing:-Henry Simon Ltd; Henry Simon Inc (USA); Simon-Barron Ltd; SimonRosedowns Ltd; Simon-Heesen BV (Netherlands); SimonJohnson Inc (USA); Simon SA (France). Simon-Hartley Ltd; Ashbrook-Simon-Hartley Inc (USA); Gear Products Inc (USA); Simon Container Machinery Ltd; Simon Container Machinery Inc (USA); Simon Access Ltd; Simon Engineering Dudley Ltd; Simon-Gala Ltd; Simon Aerials Inc (USA) Sky Witch Inc (USA); Simon Ladder Towers Inc (USA); Simon Gloster Saro; SimonEurolift (Eire); Teletect (USA). Services:- PMC Carbon Ltd; Seal Sands Storage Ltd; Immingham Storage Co Ltd (50.01%); Cumbrian Storage Ltd (50.01%); Velva Liquids Ltd (50.01%); Irish Bulk Liquid Storage Ltd (50.01%) (Eire); Unichem International Inc (USA); Geo-Search Corporation (50.01%) (USA); TR Oil Services Ltd (50%) Agua Treat (40%) (Mexico); Horizon Exploration Ltd; Hosking Geophysical Corporation (52%) (Australia); Gale Resources (64%) Canada; Gilbraith Tankers Ltd (50.01%); Colin G R Booth (Transport) Ltd. Other subsidiaries:-Simon Engineering (Finance) Ltd; Cheshire Leasing Ltd; Simon United States Corporation (USA); Simon United States Holdings Inc (USA)

Principal Bankers: Lloyds Bank PLC; Barclays Bank PLC Financial Information:

31.12.86 £'000

Sales turnover 503,317 Profit before tax 27,982 Profit after tax 19,831 Retained profit 3,831 Dividends 7,441 Dividends per share 11.5p Earnings per share' 17.8p Share capital 19,622 Shareholders funds 100,000 'after extraordinary items

No of Employees: 6,512 (UK), 9,475 (Group)

STAVELEV INDUSTRIES PLC Stave ley House, 11 Dingwall Road, Croydon CR9 3DB Tel: 01-6884404 Telex: 915855 Telefax: 01-760 0563

Chairman: B H Kent

31.12.87 £'000

541,319 23,553 16.365 4,602 7,473 11.5p 18.9p

19,706 90,092

Directors: Dr C Burns (Group Managing Director), M R B Gatenby (Non-Executive), R E Brown (Finance Director), R S Bradley, E J Low, A R Styles

PRINCIPAL ACTIVITIES: Industrial holding company with interests in salt production, foundry products and abrasives, electrical and mechanical engineering, fire control systems, machine tools, weighing machines, precision engineering components, springs, non-destructive testing and inspection equipment

UNITED KINGDOM Subsidiary Companies: (100% owned unless stated)

Measurement: NDT:-Staveley NOT Technologies Inc (USA); Staveley Instruments Inc (USA); Stave ley Sensors Inc (USA); Stave ley Systems Inc (USA); Automatisation Internationale SARL (France); Inspection Instruments (Division of Stave ley Industries pic). Weighing:- Weigh-Tronix Inc (51 %) (USA); Salter Industrial Measurement Ltd; Salter Abbey Weighing Machines Ltd. Minerals: British Salt Ltd; Stasal Ltd; The British Soda Co Ltd. Mechanical and Electrical: Contracting:W H Smith Electrical Engineers Group Ltd; A Anderson Electrical Engineers (Division of W H Smith Electrical Engineers Group Ltd); H J Couzens (Division of W H Smith Electrical Engineers Group Ltd); W H Smith Blackburn (Division of W H Smith Electrical Engineers Group Ltd); MJN Ltd; Berkeley Engineering Services Ltd; Colston Ltd; W H Smith Electrical Engineers (Hong Kong) Ltd (Hong Kong). Special Engineering:- Hall & Kay Engineering Ltd; W H Smith Power Division (Division of W H Smith Electrical Engineers Group Ltd); MJN Maintenance Division (Division of MJN Ltd); MJN Marine Division (Division of MJN Ltd); Barduct Ltd; Staveley Far East Engineering Ltd (70%) (Hong Kong). Manufacturing: Engineering Products:-Salter Springs & Pressings Ltd; Salter Plastics Ltd; Shifnal Jig & Tool (Division of Staveley Machine Tools Ltd); Bradley & Foster Ltd; John Hill & Sons (Iron Founders) Ltd; Sleeman Engineering Ltd; Geo Salter & Co (Australasia) Pty Ltd (Australia); G W Sprinkler A/S (Denmark); Staveley Transport (Division of Stave ley Industries pic); Staveley Printing (Division of Staveley Industries pic). Consumer Products:- Salter Housewares Ltd; Allstar Verbrauchsguter GmbH (West Germany).

Principal Bankers: Midland Bank pic; National Westminster Bank PLC; Royal Bank of Scotland pic


31.3.87

£'000







Principal Shareholders: Norwich Union Insurance Group


STEETLEY PLC

31.3.88

£'000

206,000

18,100

6,100

5.7p

16.1p

57,000

PO Box 53, Brownsover Road, Rugby, Warwickshire CV21 2UT

Tel: 0788 535621

Cable: Steetleyco Rugby

Telex: 311677

Telefax: 0788 535361

Chairman: 0 L Donne

Directors: HAM Edwards, 0 G Gill, J S Kerridge, 0 S Leese, P Roberts (Finance Director), G J Stanley, R M Miles (Managing Director), Prof Sir S F Edwards, J Forbes, L 0 Tench

Senior Executives: J A Bower (Company Secretary)

PRINCIPAL ACTIVITIES: The quarrying of raw materials - stone, clay, sand and gravel - and the addition of value by conversion into products for the construction and other industries in the UK, Spain, France, Canada and the USA

Subsidiary Companies: Steetley Quarry Products Ltd; Steetley Minerals Ltd; Steetley Properties (Holdings) Ltd; Steetley Brick & Tile Ltd; Steetley Refractories Ltd; Steetley Transport Ltd; Steetley Holdings Ltd (Canada); Steetley Industries Ltd (Canada); Steetley Talc Inc (Canada); Steetley Resources Inc (USA); Victor Cushara & Sons, Inc (USA); K-F Brick Company, Inc (USA); Ohio Lime Company (USA); Garon-Bedel SA (France); Steetley Minerales SA (Spain)

260



31.12.86 31.12.87

£'000 £'000







Earnings per share 48.11 p 30.86p



Principal Shareholders: Prudential Portfolio Managers (5%)


STERLING-WINTHROP GROUP L TO Sterling Winthrop House, Onslow Street, Guildford, Surrey GU1

4YS

Tel: 0483 505515

Telex: 859395

Telefax: 048335432

Chairman: Daniel R Martin

Directors: Dr G Margetts (Managing Director), Lord Porritt, J B Spooner, V J A Underhill, J Wood, A Warnock-Smith, W M J Grylls, J C Stansfield

Senior Executives: A Warnock-Smith (Secretary)

PRINCIPAL ACTIVITIES: Manufacture of pharmaceuticals and chemicals including family medicines, prescription medicines, hygiene and household products

Trade Names: Milk of Magnesia, Andrews, Coldrex, Panadol, Fortagesic, Hexopal, Hedex, Benoral, Speedstrip, Ronseal, Colron, Wet Ones, pHisoHex etc

Parent Company: Sterling Drug Inc, USA (100%). Ultimately Eastman Kodak (USA)

Subsidiary Companies: Sterling Organics Ltd; Tyneside Printers Ltd; Sterling-Winthrop Ireland Ltd



31.10.86

£'000




Dividends 1,000

Share capital 5,000



SUTCLIFFE SPEAKMAN PLC Guest Street, Leigh, Lancs WN7 2HE

Tel: 0942 672101

Chairman: J G Bellak

31.10.87

£'000

197,194

13,150

8,500

3,200

5,000

86,141

Directors: N D C Wilkes (Chief Executive), D G Rogers, K P Shea (Finance Director), L J T Smallbone, S A Wilkes, R K Burnett (Non-Executive), B M Rutherford (Non-Executive), A Moores (Non-Executive), R A Pargeter (Non-Executive)

PRINCIPAL ACTIVITIES: Holding company with interests in the production of industrial chemicals, briquette-making plant and pollution control equipment

Principal Bank: National Westminster Bank PLC; Banco de Brasil; Hong Kong & Shanghai; Chase Bank of Ohio


£'000 £'000 Sales turnover 21,500 27,600 Profit before tax 810 1,620 Retained profit 390 700 Dividend per share 2.0p Earnings per share 5.8p 7.5p Shareholders funds 3,900 8,400


T ATKINSON & SON (CORN MERCHANTS) LTD See ATKINSON, T, & SON (CORN MERCHANTS) LTD

T&N PLC Bowdon House, Ashburton Road West, Trafford Park,

Manchester M17 1 RA Tel: 061-8720155 Telex: 669281 Facsimile: 061-872 8884

Chairman: Sir Francis Tombs Directors: C F N Hope (Group Managing Director), R D N

Somerville (Divisional Chairman), M A Bell (Finance Director), R H Boissier (Non-Executive), D G Carruthers (Divisional Chairman), I F R Much (Divisional Chairman), W H Everitt (Divisional Chairman), A A S Rae (Non-Executive), S W Wiltshire (Non-Executive), The Hon W B McAlpine (NonExecutive), H G Mourgue (Non-Executive), J D Pollard (NonExecutive)

Senior Executives: C J Dodson (Company Secretary)

PRINCIPAL ACTIVITIES: Automotive components; engineering and industrial construction materials; mining

Subsidiary Companies: (100% owned unless stated): A E Holdings Ltd; A E International Ltd; AE PLC; T & N International Ltd; Turner & Newall Holdings Ltd (51%) (South Africa); Turner & Newall Industries Inc (USA); Turner & Newall Holdings GmbH (West Germany); Turnall Holdings (Pvt) Ltd (Zimbabwe). Automotive components:- Engine components: AE Auto Parts Ltd; Brico Engineering Ltd; Hepworth & Grandage Ltd; Lydmet Ltd; The Tempered Spring Company Ltd; Wellworthy Ltd; AE France SA (France); AEDA France (France); AE Borgo SpA (Italy); Associated Engineering (SA) Ltd (78%) (South Africa); Auto-Products AB (Sweden); AE Engine Parts Inc (USA). Friction materials: Ferodo Ltd; Hindustan Ferodo Ltd (60%) (India); Ferodo Italiana SpA (90%) (Italy); Ferodo Nigeria Ltd (60%) (Nigeria); Ferodo (Pty) Ltd (51%) (South Africa); Ferodo Espanola SA (31%) (Spain); Nuturn Corporation (USA); BERAL Bremsbelag GmbH (W Germany); Ferodo GmbH (W Germany); Ferobrake (Pvt) Ltd (Zimbabwe); Ferodo (Zimbabwe) (Pvt) Ltd (Zimbabwe). Gaskets: Coopers Payen Ltd; CAPLA SA (France); Curty SA (Netherlands); Payen BV (Netherlands); Components (Eastern) Ltd (Hong Kong); Payen SpA (90%) (Italy); Payen New Zealand Ltd (New Zealand); Payen SA (Spain); Payen Components South Africa Ltd (51%) (South Africa); Payen (Zimbabwe) (Pvt) Ltd (Zimbabwe). Engineering and Industrial:Engineering: AE Turbine Components Ltd; Flexitallic Ltd (Incorporating: Flexitallic Engineering Ltd, Flexitallic International Valve Engineering Ltd, Hydra-Tight Ltd; Sibex (Constructions) Ltd); Fluidrive Engineering Company Ltd; The GlaCier Metal Company Ltd; TENMAT Ltd (formerly TAC Construction Materials Ltd); Flexitallic (Australia) Pty Ltd (Australia); Societe Industrielle des Coussinets SA (France); Turner & Newall Industrial Products (Pty) Ltd (51%) (South Africa); Flexitallic Gasket Co Inc (USA); HDF Flexitallic GmbH (W Germany); GlaCier GmbH-Deva Werke (W Germany); GlaCier GmbH-Sollinger Hutte (W Germany); IHG Gleitlager GmbH (W Germany). Industrial materials: BIP Chemicals Ltd; TBA Belting Ltd; TBA Industrial Products Ltd; Materiales Moldeables SA de CV (50%) (Mexico); British Industrial Plastics (Pty) Ltd (South Africa); TBA Industrial Products (Pty)

261

UNITED KINGDOM Ltd (51%) (South Africa); Trinidad Asphalt (Pvt) Ltd (Zimbabwe); Tube and Pipe Industries (1983) (Pvt) Ltd (Zimbabwe); Construction materials: Everest Buildings Products (49%) (India); Tegral Holdings Ltd (49%) (Eire); Turnall Ltd (52%) (South Africa); Turnall (Bophuthatswana) (Pty) Ltd (51%) (South Africa); Unipipe (Pty) (38%) (South Africa); TAP Building Products Ltd (Zambia); Turnall AC (Pvt) Ltd (Zimbabwe); Mining: TAF International Ltd; Shabanie and Mashaba Mines (Pvt) Ltd (Zimbabwe)

Principal Bankers: National Westminster Bank PLC; Standard Chartered Bank


£'000 Sales turnover 540,800 Profit before tax 44,700 Profit after tax 34,100 Retained profit 16,000 Dividends 14,400 Dividends per share 7.5p Earnings per share net 24.45p Share capital 174,400 Shareholders funds 295,600


TATE & LYLE PLC Sugar Quay, Lower Thames Street, London EC3R 6DQ Tel: 01-626 6525 Cable: Tatelyle, London EC3 Telex: 884084

Chairman: N M Shaw (also Chief Executive)

31.12.87 £'000

961,000 77,000 62,000 45,300 21,900

8.5p 23.35p

257,900 386,700

Directors: Sir Alex Alexander (Non-Executive), Lord Jellicoe (Non-Executive), J R Kerr Muir (Group Finance Director), Lady Prior (Non-Executive), C F Sedcole (Non-Executive), H STate (Non-Executive), L R Wilson, D M Davis (Non-Executive)

Senior Management: Sweetener Production: R A Shirtcliff (Tate & Lyle Sugars, UK), M D McEwen (Redpath Sugars, Canada), P J Mirsky (Refined Sugars, USA), D A Lapins (Western Sugar, USA), F J Pereira do Valle (Alcantara/SORES, Portugal), C W B Fryer (ZSR, Zimbabwe). Processing and Trading: C E Paul (Tate & Lyle International, UK), J H Cheetham (United Molasses, Worldwide), M J Godfrey (Pacific Molasses, USA), P M Reed (Hugh Baird & Sons, UK). Service Businesses: S H Henwood (Tate & Lyle Distribution Services, UK). M W Goodwin (TLA Group, UK), M C Bennett (Technical Products Group, UK), R J Kellaway (Unitank Storage Company, UK), H GRieger (Unitank Terminal Service, USA), J A Kemp (Tate & Lyle Reinsurance, Bermuda). Automotive, Industrial and Construction Products: J A Swan (Redpath Industries, Canada), W H Clement (Redpath Industries, USA). Corporate and Other: S Gifford (Foreign Investment Division, UK), D A Tate (Corporate Affairs and Personnel, UK), R C Righelato (Research and Development, UK), P C Eatherley (Speciality Sweeteners, UK), J G Bell (Richards (Shipbuilders), UK)

PRINCIPAL ACTIVITIES: Tate & Lyle is the world's largest sugar company and has also developed substantial interests in trading and handling many other commodities and in providing services on an international basis. Activities include sweetener production; processing and trading; service businesses; automotive, industrial and construction products

Trade Names: Tate & Lyle, Mr Cube, Talo Ridgways and others Subsidiary Companies: (100% owned unless stated): UK

Subsidiary Companies:- Athel Reinsurance Company Ltd; Richards (Shipbuilders) Ltd; Tate & Lyle Holdings Ltd; Tate & Lyle Industries Ltd. Main Operating Units of Tate & Lyle Industries Ltd:- British Charcoals & Macdonalds; Farm Feed Holdings; Group Research & Developments; Hugh Baird & Sons; Kentships; Milltech; Ridgways; Rumenco; Smith Mirrlees: Speciality Sweeteners; TLA (incorporating Tate & Lyle Agribusiness, Tate & Lyle Engineering and Tate & Lyle Technical Services); Tate & Lyle Distribution Services; Tate &

UNITED KINGDOM Lyle International; Tate & Lyle Process Technology; Tate & Lyle Sugars; Unitank Storage Company; United Molasses Company. Subsidiaries Operating Overseas:-Caribbean Antilles Molasses Company Ltd (Barbados); Tameco NV (Belgium); Tate & Lyle Commodities Ltd (Bermuda); Tate & Lyle Reinsurance Ltd (Bermuda); Tate & Lyle do Brasil Servi<,:os e Participa<,:oes Limitada (Brazil); Canada West Indies Molasses Company Ltd (Canada); Redpath Industries Ltd (50.14%) (Canada); Nordisk Melasse AfS (Denmark); Societe Europeenne des Melasses SA (50%) (France); Caribbean Molasses Company Ltd (Guyana); Melassa Italian a (Melitalia) SpA (Italy); East African Storage Company Ltd (Kenya); Tate & Lyle (Malaysia) Sdn Bhd (75%) Malaysia; Tate & Lyle Trading (Malaysia) Sdn Bhd (Malaysia); The Mauritius Molasses Company Ltd (66.67%) (Mauritius); Companhia Exportadora de Melacos Limitada (Mozambique); Nederlandsche Melasse Handel Maatschappij BV (Netherlands); Tate & Lyle Norge A/S (Norway); Alcantara Sociedad de Empreendimentos A<,:ucareiros SARL (Ordinary shares 73.09%, preference shares 89.14%) (Portugal); Sociedade de Refinadores de Santa Iria SARL (69.52%) (Portugal); Tate & Lyle (Portugal) Importa<,:80 e Exporta<,:80 Ltda (Portugal); The Pure Cane Molasses Company (Durban) (Pty) Ltd (South Africa); United Molasses (Sudan) Ltd (Sudan); Caribbean Bulk Storage and Trading Company Ltd (Trinidad); Automotive Industries Inc (USA); Tate & Lyle Inc (USA); Pacific Molasses Company (USA); Refined Sugars Inc (USA); Tate & Lyle Enterprises Inc (USA); The Western Sugar Company (USA); Vigortone Ag Products Inc (USA); Unitank Inc (USA); Hansa Melasse Handels GmbH (West Germany); ZSR Ltd (50.13%) (Zimbabwe). Main Operating Units of Redpath Industries Ltd; Automotive; Daymond Vinyl; General Gear; Redpath Sugars; Daymond Aluminium; Donlee Precision; Multi Fittings. Related Companies: Amylum NV (33.33%) (Belgium); Biolinol Futterfette-Produktions GmbH (50%) (Germany); Fima Unitank Sdn Bhd (40%) (Malaysia); Midwest PMS (50%) (USA); Premier Molasses Company Ltd (50%) (Eire); Tees Storage Company Ltd (50%); Tunnel Refineries Ltd (33.33%); United Molasses (Ireland) Ltd (50%) (Northern Ireland); Wymondham Oil Storage Co Ltd (50%) (UK); Unitank Terminal Service (50%) (USA)

Principal Bankers: Uoyds Bank PLC Financial Information: Group figures

Sales turnover Profit before tax Profit after tax Retained profit Dividends Dividends per share Earnings per share basic Share capital Shareholders funds

30.9.86 £'000

1,645,300 81,500 48,900 10,700 16,100 23.0p 57.3p

71,700 303,800

No of Employees: 13,029 (worldwide)

TENNANTS CONSOLIDATED LTD 69 Grosvenor St, London W1 X OBP Tel: 01-4935451

Chairman: K A Alexander

30.9.87 £'000

1,700,600 92,000 63,900 51,600 18,300 26.0p 75.6p

72,300 341,400

Directors: Dr W B Alexander, R F Uewellen, 0 C B Pilkington, Dr J Hessayon, J Melling, J V Dawson (Secretary), Dr S A Ridgwell, A C L Smith

PRINCIPAL ACTIVITIES: Manufacture and sale of chemicals Subsidiary Companies: James M Brown Ltd; Chemical &

Petroleum Investments Ltd; Joseph Crowther (Chemicals) Ltd; Emery Colours Ltd; Pan Britannica Industries Ltd; Synthite Ltd (51%); Charles Tennant & Co Ltd; Charles Tennant & Co (London) Ltd; Tennant-KVK Ltd (51%); Tennants Group Investments Ltd; Tennants (Lancashire) Ltd; Tennants Textile Colours Ltd; Tennant Trading (Chemicals) Ltd; Tennants (Warehousing) Ltd; Charles Tennant & Co (NI) Ltd; Tennants

262

Tar Distillers & Engineering Supplies Ltd; Charles Tennant & Co (Eire) Ltd (Eire); Irish Tar & Bitumen Suppliers Ltd (Eire); Irish Cresote Suppliers Ltd (Eire); Charles Tennant & Co (Canada) Ltd (Canada)

Principal Bankers: Bank of Scotland Financial Information:


No of Employees: UK 1,129

TEXACO LTD

31.12.86 £'000

20,170 11,790 7,810 5,645 5,144

55,500

1 Knightsbridge Green, London SW1 X 7QJ Tel: 01-5845000 Cable: Texacouk London Telex: 8956681 TEXACO G Telefax: 01-5846999

Chairman: J 0 Ambler

31.12.87 £'000

126,020 11,845 7,750 5,755 5,144

58,530

Directors: W P Doyle, H M Matthews (Joint Managing Director), R B Colomb (Deputy Managing Director), A J Dalessio, B S Goodland, P B Hicks Jr, E L Johnson Sr (Joint Managing Director), J A Gatens (Finance Director)

Officers: 0 J Heathcote (Secretary), R A Robertson (Deputy Secretary)

PRINCIPAL ACTIVITIES: Refining, transportation, distribution and marketing of petroleum products

Trade Names: Texaco Parent Company: Texaco North Sea UK Company: Ultimate

Parent Company:-Texaco Inc New York Subsidiary Companies: Texaco Overseas Tankship Ltd; Texaco

Marine Investments Ltd; Texaco Ireland Ltd (Eire); Texaco Trustees Ltd; Texaco (Ireland) Trustees Ltd; Texaco Oil (UK) Ltd; Texaco Services Ltd; Star Service Stations Ltd


Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit (deficit) Share capital Shareholders funds


31.12.86 £'000

2,378,143 (40,950) (41,854)

(175,046) 1,641

118,247

THOMAS LOCKER (HOLDINGS) PLC See LOCKER, THOMAS, (HOLDINGS) PLC

THOMSON T-LiNE PLC 13 Park Place, London SW1 A 1 LP Tel: 01-4996802 Telex: 266816 Telefax: 01-4938010

31.12.87 £'000

3,638,500 60,020 60,420 60,420

5,195 361,850

Chairman: Joint Chairmen: J M C Askin, H H Biermann Directors: W W Bauchop, G Gascoigne (Financial Director), K A

Paul (Non-Executive), R E Sangster (Non-Executive), R Simmons

PRINCIPAL ACTIVITIES: Industrial holding company; interests include electronics, chemicals, oilfield services, football pools and competitions

Subsidiary Companies: BIM Electronics Ltd; Cables & Flexibles Ltd; CI Power Accessories Ltd; Kelverdeck Ltd; Telpar Inc (USA); Jaton Ltd; Mechema Chemicals Ltd; Platonoff & Harris Ltd incorporating Cygnet Joinery; Arbarthorpe Oilfield Services Ltd; PG & F (Radcliffe) Ltd; Vernons Distributions Ltd; Vernons Organisation Ltd; Vernons Competitions Co

Principal Bankers: Clydesdale Bank; lIoyds Bank PLC; Barclays Bank PLC; Royal Bank of Scotland


£'000 £'000 Sales turnover 12,100 56,400 Profit before tax 760 6,140 Retained profit 330 2,450 Dividend per share 0.6p 1.6p Earnings per share 1.9p 5.4p

Principal Shareholders: Diamond Ltd (7.02%); Coast Investment and Development Co Kuwait (7.01%); Govett Strategic Investment Trust (5.52%)


TIOXIDE GROUP PLC Tioxide House, 137-143 Hammersmith Road, London W14 OQL Tel: 01-6027121 Telex: 920900 Telefax: 01-371 1708

Chairman: I G Butler; Chief Executive: K F Plant Directors: B Appleton, M Dumbrell, M J G Henderson, Riley, A

I H Pink, K F Plant, J A Collingwood, C Lenglen, J R Precious Senior Executives: D M Callow (Group Sales Controller), D A

Searles (Group Business Development Manager), K J Desai (Group Chief Accountant), R W 0 Edge (Group Financial ContrOller), J R Moody (Group R&D Manager), J-P Oliva (Group Marketing Controller), D J Busby (Company Secretary)

PRINCIPAL ACTIVITIES: Manufacture and marketing of titanium pigments

Trade Names: Tioxide Subsidiary Companies: (100% owned unless stated): Tioxide UK

Ltd; Tioxide France SA (France); Tioxide Canada Inc (Canada); Tioxide America Inc (USA); British Titan Products South Africa (Ply) Ltd (South Africa); Australian Titanium Products Ply Ltd (Australia); Tioxide Espana SA (Spain); Tioxide Italia SpA (Italy); Associated Tioxide Kemi AB (75%) (Sweden); Tioxide Australia Pty Ltd (Australia); SA Tioxide (Ply) Ltd (60%) (South Africa); Westralian Sands Ltd (36%) (Australia)

Principal Bankers: lIoyds Bank PLC Financial Information:


31.12.86 £'000

506,490 114,350 63,140

7,700 53,660

173p 197.8p 32,000

282,460

Principal Shareholders: Cookson Group piC; ICI PLC No of Employees: Total: 4,875, UK: 1,951

TOTAL OIL GREAT BRITAIN LTD 33 Cavendish Sq, London W1 M OJE Tel: 01-499 6393 Cable: Frenoil London W1 Telex: 261216

31.12.87 £'000

557,960 155,350 87,810 21,540 63,890

206p 275.5p 32,000

283,970

Directors: R Judlin (Managing Director and Chief Executive), P L Burgin, A J M Brion, P G Capoulade, J P Corderoy du Tiers, J-P Laporte, E David

Senior Executives: H E Perkins (Secretary), I A Howat (Director of Finance and Planning)

PRINCIPAL ACTIVITIES: Refining and marketing of petroleum products

Trade Names: TOTAL Parent Company: TOTAL Compagnie Franqaise des Petroles,

France

263




31.12.86 £'000

406,627 23,000

TRAFALGAR HOUSE PUBLIC LIMITED COMPANY 1 Berkeley Street, London W1 A 1 BY Tel: 01-4999020 Cable: Tralon G Telex: 921341 TRALON G Facsimile: 01-4935484

31.12.87 £'000

430,515 23,000

Chairman: Sir Nigel Broackes; Group Chief Executive: E W Parker

Directors: D M Calverley (Property Services Director), V A Grundy, D St J McDermott (Finance Director), J W S Fletcher (Business Development Director), I Fowler (Secretary), J R Williamson, A G Kennedy, A G Gormly. Non-Executive Directors: The Marquess of Tavistock, G H B Carter, A W Clements, G E Knight, W B Slater

Senior Executives: I Fowler (Secretary)

PRINCIPAL ACTIVITIES: Property development, general construction worldwide, civil, structural, offshore, process plant and specialist engineering, housebuilding, cargo and passenger shipping, operation of hotels; oil and gas exploration and exploitation, onshore and offshore; shaft sinking and mining; plastiCS processing machinery; turnkey power generation; plant hire and sales

Trade Names: ABS Computers; Agent Plant, Cementation, CJB Developments, Cleveland Bridge, John Brown, Cunard, Dowsett, Ellerman Lines, Ideal Homes, Redpath Dorman Long, RGC Offshore, Scott Lithgow, The Ritz Hotel (London), Trafalgar House, Trollope & Colis, Willett

Subsidiary Companies: Trafalgar House Construction Holdings Ltd; Trafalgar House Developments Holdings Ltd; Trollope & Colis Construction Ltd; Trollope & Colis Management Ltd; Trollope & COlis City Ltd; Trafalgar House Offshore and Structural Ltd; Trafalgar House Building and Civil Engineering HOldings Ltd; Cementation International Construction Holdings; Trafalgar House Quoted & Overseas Construction Holdings Ltd; John Brown PLC; Ideal Homes Holdings piC; The Cunard Steam-Ship Company piC; Cunard Line Ltd; Cunard Hotels Ltd; The Ritz Hotel (London) Ltd; Trafalgar House Oil and Gas Ltd; Cementation Construction Ltd; Cementation Mining Ltd; Cementation Piling & Foundations Ltd; John Brown Engineers & Constructors Ltd; John Brown Engineering Ltd; Trafalgar House Developments Ltd; Trafalgar House Business Parks Ltd; Willett Ltd; Cleveland Bridge & Engineering Company Ltd; Redpath Dorman Long Ltd; Cunard Ellerman Ltd

PrinCipal Bankers: Barciays Bank PLC Financial Information:

Sales turnover Profit before tax Profit after tax Net profit' Dividends Dividends per share Earnings per share Share capital Shareholders funds 'available to Ordinary

shareholders

30.9.86 £'000

2,070,800 145,800 115,000 36,300 47,100

13.2p 32.7p

99,900 440,700

30.9.87 £'000

2,368,500 163,200 127,300 75,700 65,000

14.5p 31.6p

124,200 757,800

Principal Shareholders: Board of Directors, Institutions, Public and Qualified Employees


70,1090,1105,1270,1280,1310

UNITED KINGDOM

UCB (INVESTMENTS) L TO Star House, 69 Clarendon Road, Watford, Hertfordshire WD1

1DJ Tel: 0923 248011 Telex: 23958 SIDACO G

Chairman: G Jacobs (Belgian) Directors: R Stewart-Smith (Secretary), F Lemaire (Belgian), D E

A R Janssen (Belgian), A de Pret (Belgian), A Thiltges (Belgian), B C Van Assche (Belgian)

PRINCIPAL ACTIVITIES: Group activities include the manufacture of packaging materials and the sale of intermediate and specialty chemicals

Parent Company: UCB SA, Belgium Subsidiary Companies: British Rayophane PLC; British Sidac

Ltd; Pakcel Ltd; T & R Graham Ltd; SPS Design Associates Ltd; British Rayophane (Overseas) Ltd; UCB (Chern) Ltd; UCB (Pharma) Ltd; Viking Trading Co Ltd; Mediflex Ltd; Sidex Ltd; Mediflex Ltd; UCB Rayophane (South Africa) (Pty) Ltd (South Africa); Rayophane (Australia) Pty Ltd (Australia)




UKF FERTILISERS L TO Ince, Chester CH2 4LB Tel: 09282 2777 Telex: 627407

Chairman: W Klaassen

31.12.86 31.12.87 £'000 £'000

77,198 79,715 1,464 1,510 1,305 1,450 1,258 1,430 1,871 4,871 4,438 9,134

Directors: G van Ling (Managing Director), G Duyfjes, C Bronke, J Coleman, R Maarschalkerweerd (Finance), L Pritchard (Manufacturing)

Senior Executives: J M Yates (Secretary)

PRINCIPAL ACTIVITIES: Chemical fertilisers Parent Company: DSM Agro bv, Utrecht, Netherlands Subsidiary Companies: Agtek Ltd; Thomas Marketing (Holdings)

Ltd; M Thomas Chemicals Ltd Principal Bankers: Lloyds Bank PLC Financial Information:

Sales turnover Profit (loss) before tax Profit (loss) after tax Retained profit (loss) Share capital Shareholders funds


UL TRAMAR PLC 141 Moorgate, London EC2M 6TX Tel: 01-2566080 Telex: 885444 Telecopier: 01-256 8556

Chairman: John a R Darby

31.12.86 £'000

113,535 (9,341) (9,382) (9,410) 7,000

53,618

31.12.87 £'000

108,770 3,180 3,105 3,060 7,000

56,315

Directors: Lloyd Bensen (Chief Executive Officer), Lord Remnant (Deputy Chairman), Michael E Beckett (NonExecutive Director), Robert W Bland (Group Chief Exploration and Production Officer), Jean Gaulin (President Ultramar Canada Inc), David a Elton (Executive Director), William J Sheptycki (Managing Director North Sea and European Exploration and Production), Eugene K O 'Shea (Group Chief Administrative Officer), Sir Leo Pliatzky (Non-Executive Director), Peter L Raven (Group Chief Financial Officer),

264

Ronald E Utiger (Non-Executive Director), Laurie D Woodruff (Chairman of Canadian Ultramar Ltd)

Senior Executives: Timothy J Hunt (Company Secretary and Legal Co-ordinator), Howard G Pearl (Finance Co-ordinator), Derek L Wilkinson (Controller), Robert J Martin (Corporate Relations Co-ordinator)

PRINCIPAL ACTIVITIES: Ultramar PLC is the British holding company of a number of operating subsidiaries which together form a worldwide group engaged in oil and gas exploration and production and in the shipping, refining and marketing of crude oil and petroleum products

Principal Subsidiary Companies: (100% owned unless stated): USA:- American Ultramar Ltd; Beacon Oil Company; Golden Eagle Refining Company Inc; Ultramar America Ltd; Ultramar Credit Corporation; Ultra mar Energy Ltd; Ultramar Equities Ltd; Ultramar Finance Ltd; Ultramar Oil and Gas Ltd; Ultramar Shipping Company Inc; Unimar Company (50%). Canada:Canadian Ultramar Ltd; Ultramar Canada Inc; Ultramar Capital Corporation; Ultramar Oil and Gas Canada Ltd; Ultramar Trading Inc. Europe:- Ultramar Exploration Ltd (UK); Ultramar Exploration (Netherlands) BV (Netherlands); Ultramar Holdings Ltd (UK); Agricultural Genetics Company Ltd (26.2%) (UK); Ultramar Oil and Gas (UK) PLC (UK). International:- Golden Eagle Liberia Ltd (Liberia); Ultramar Australia Inc (Panama); Ultramar Betyca Ltd (Liberia); Ultramar de Venezuela SA (Venezuela); Ultramar Egypt Inc (Panama); Ultramar Indonesia Ltd (Bermuda); Ultramar International Holdings Ltd (Liberia); Ultramar Madrid Ltd (Liberia); Ultramar Marine Ltd (Liberia); Ultramar Puerto Real Ltd (Liberia); Ultramar Spain Ltd (Liberia); Ultramar Transport Ltd (Liberia)

Principal Bankers: Morgan Grenfell Limited; Canadian Imperial Bank of Commerce; Bank of America


Sales turnover Profit before tax(1) Profit after tax(1) Net profit (loss)(2) Retained profit (loss) Dividends Dividends per share Earnings (loss) per share Share capital Shareholders funds (1) Excluding results of

discontinued North East USA marketing and US flag Shipping operations

(2) Before extraordinary items

31.12.86 £'000

1,295,800 74,800 10,900

(22,100) (77,500) 15,400 5.25p (8.1p)

68,700 664,900

31 .12.87 £'000

1,042,000 106,000

50,800 43,600 27,300 19,800 6.50p 15.8p

63,300 606,700

Principal Shareholders: IEP Securities Ltd (36.3 million shares) No of Employees: 3,306 Group

UNIGATE PLC Unigate House, Western Avenue, London W3 aSH Tel: 01 -992 3400 Telex: 23753 UNIGAT

Chairman: John Clement (also Chief Executive) Directors: Sir Alex Alexander, I S Barter, D Bullough, W C J

Gates, Sir Brian Kellett, E H Sharp, R D Yeomans, J Worby, A Dare, M Eastaff

Senior Executives: N G U Morris (Secretary)

PRINCIPAL ACTIVITIES: The Company is a holding company and through its operating subsidiaries carries on the business of milk, meat and other food production and distribution, transport, and other industrial and food services

Trade Names: St Ivel, Farmer's Wife, Wincanton Group, Giltspur, Unigate, Marler Haley, J P Wood

Subsidiary Companies: (100% owned unless stated): Milk & Milk Products in the UK through:- Beddington Fruit Company Ltd; Fermanagh Creameries Ltd; St Ivel Ltd; Sorbie Cheese Ltd

(51%); Unigate Dairies Ltd; Unigate Foods Ltd; Wexford Creamery Ltd (Eire). Meat & Poultry Products through Unigate Meat Holdings Ltd:- J P Wood of Shropshire Ltd; Malton Bacon Factory Ltd; South West Meat Ltd; Turners Turkeys Ltd. Transport, Garages & Engineering Operations through Win canton Group Ltd:- Arlington Motor Holdings PLC; Wincanton Contracts Ltd; Wincanton Engineering Ltd; Wincanton Electrical Services Ltd; Wincanton Garages Ltd (trading as Wincanton Motor Group); Wincanton Transport Ltd; Wincanton Vehicle Rentals Ltd. Exhibition, Freight & Engineering Services through Giltspur Ltd:- Allbook & Hashfield Ltd; Giltspur Bullens Transport Services Ltd; Giltspur Engineering Design Ltd; Giltspur Expo Industries Ltd; Giltspur Expo Industries Inc (USA); Giltspur Technologies Ltd; Marler Haley ExpoSystems Ltd. Food Products & Services Outside the UK through Unigate International Ltd:- Casa Bonita Inc (USA); Frigo Cheese Corporation (USA); Gardenia Cheese Co Inc (USA); Unigate Inc (USA). Insurance and other interests:- Aribage Ltd (50.04%); Porton Underwriting Ltd (Guernsey); Unigate Credit Ltd (50.24%); Unigate Overseas Ltd (Bermuda); Untelrab Ltd (Jersey); N V Verenigde Bedrijven Nutricia (28%) (Netherlands)

Principal Bankers: Lloyds Bank PLC; Barclays Bank PLC; National Westminster Bank PLC; Midland Bank PLC


31.3.87 31.3.88

£'000 £'000

Sales turnover 1,970,500 2,146,600




Dividends 26,200 29,000






UNILEVER PLC PO Box 68, Unilever House, Blackfriars, London EC4P 4BQ

Tel: 01-822 5252

Cable: Levequick London EC4

Telex: 28395 Unil G

Telefax: 01-8225898

Board of Directors: M R Angus (Chairman), F A Maljers (ViceChairman), Sir Geoffrey Allen, R W Archer, Dr J I W Anderson, M Dowdall, P V MEgan, H Eggerstedt, J P Erbe, N W A FitzGerald, W K Grubman, M G Heron, J A Houtzager, C M Jemmett, H Meij, J Peelen, M SPerry, M Tabaksblat, T Thomas, E J Verloop

AdviSOry Directors: B W Biesheuvel, Fletcher L Byrom, Sir Robert Haslam, A Herrhausen, The Rt.Hon.the Lord Hunt of Tanworth, Fran90is-Xavier Ortoli, D Spethman, E P Wellenstein, The Rt Hon. the Viscount Leverhulme (Honorary Advisory Director)

Secretaries: J W B Westerburgen, S G Williams

PRINCIPAL ACTIVITIES: The Unilever Group has two parent companies, Unilever PLC, based in London and Unilever NV in Rotterdam. They have identical Boards of Directors and are linked by agreements, one of which equalises the dividends payable on the ordinary capitals of PLC and of NV. The larger part of Unilever's business is in branded and packaged consumer goods such as washing powders, margarines, personal products and a wide range of frozen and other foods and drinks. Unilever's other activities include speciality chemicals, agribusiness operations, including plantations and animal feeds, and medical products. In addition there are

UNITED KINGDOM merchandising and service operations conducted in tropical

Africa and the Arabian Gulf

Principal Group Companies: of Unilever PLC (PLC) and Unilever

NV (NV) in Europe and North America: Belgium-(NV):- Hartog

N.v.; Iglo-Ola N.V.; Lever N.V.; Union N.V.; Denmark-(NV):Uni-Dan A/S. France-(PLC):- CNF SA (99%); Niger France SA (99%). France-(NV):- Astra-Calve SA (99%); Fran9aise de Soins et Parfums S.A.(99%); 4P Emballages France SA (99%); Lever SA (99%); Compagnie des Glaces et Surgeles Alimentaires SA (99%); Fran9aise d'Alimentation et de Boissons SA (99%); Unilever Export France SA (99%); Unilever France SA Germany-(NV):- Deutsche Unilever

G.m.b.H.; "Elbe" Transport G.m.b.H.; Elida-Gibbs G.m.b.H.; 4P Folie Forchheim G.m.b.H.; 4P Nicolaus Kempten G.m.b.H.; 4P

Verpackungen Ronsberg G.m.b.H.; 4P Rube Gbttingen

G.m.b.H.; Langnese-Iglo G.m.b.H.; Lever G.m.b.H.; Meistermarken-Werke G.m.b.H., Spezialfabrik fOr Back-und Grosskiichenbedarf; "Nordsee" Deutsche Hochseefischerei G.m.b.H.; Schafft Fleischwerke G.m.b.H.; "Unichema" Chemie G.m.b.H.; Union Deutsche Lebensmittelwerke G.m.b.H. Greece-(NV):- Lever Hellas AEBE; "Elais" Oleaginous Products AE (50%). Ireland-(PLC):- Lever Brothers (Ireland) Ltd.; W. & C. McDonnell Ltd.; Paul and Vincent Ltd.; HB Ice Cream Ltd. Italy-(NV):- Sag it S.p.A.; Lever Sodel S.p.A.; Unil-It S.p.A.; 3C Industriale SpA. The Netherlands-(NV):- Algemeen Vrachtkantoor B.v.; Calve-Nederland B.v.; Loders Croklaan B.V.; Crosfield Chemie BV; 4P Drukkerij Reclame B.v.;

Zeepfabriek de Fenix B.V.; Iglo-Ola B.V.; Lever Industrial B.V.;

Lever B.V.; Lucas Aardenburg B.V.; Naarden International NV (99%); Nederlandse Unilever Bedrijven B.v. (Total issued

capital held-99%); Quest Nederland B.v.; Exportslachterij Udema B.V.; Unichema Chemie BV; Unilever Export B.v.; UniMilis B.V.; UVG Nederland B.v.; Van den Bergh en Jurgens B.V.; Vinamul B.V. UK-(PLC):- Batchelors Foods Ltd.; Birds Eye Wall's Ltd.; BOCM Silcock Ltd.; Brooke Bond Group Ltd; Brooke Bond Oxo Ltd; CW.A. Holdings Ltd.; Joseph Crosfield & Sons Ltd.; Elida Gibbs Ltd.; Lever Brothers Ltd.; Lever Industrial Ltd; H Leverton Ltd; Lipton Export Ltd; Lipton Tea Company Ltd.; Loders Croklaan Ltd.;

Marine Harvest Ltd; Mattessons Wall's Ltd.; National Seed Development Organisation Ltd; Oxoid Ltd.; Quest International (Fragrances, Flavours, Food Ingredients) UK Ltd.; UAC Ltd.; UAC International Ltd.; UML Ltd.; Unichema Chemicals Ltd.; Unilever Export Ltd.; Unilever U.K. Holdings Ltd.; United Agricultural Merchants Ltd.; Van den Berghs and Jurgens Ltd.; Vinamul Ltd.; John West Foods Ltd. UK (NV):Chesebrough-Pond's Ltd. Austria-(NV):-Unifrost Ges.m.b.H.; Osterreichische Unilever Ges.m.b.H.; Nordsee Ges.m.b.H. Finland-(NV):- Paasivaara Oy; Lever Oy. Portugal-(NV):-Iglo Industrias de Ge!ados Lda. (74%); Industrias Lever Portuguesa Lda. (60%). Spain-(NV):-Agra SA; Frigo SA (99%); Lever Espana SA; Industrias Revilla SA (90%); Pond's Espanola SA; Unilever Espana SA Sweden-(NV):-Elida Gibbs AB; Glace-Bolaget AB (90%); Margarinbolaget AB (55%) (Total issued capital held 50%); Lever AB; Leverindus AB;

Novia Livsmedelsindustrier AB; Pierre Robert AB; Svenska Unilever Fbrvaltnings AB. Switzerland-(NV):- "Astra" Fett-und Oelwerke A.G. (95%); Chesebrough-Pond's (Geneve) SA; Elida Cosmetic A.G.; Lever A.G.; Meina Holding A.G.; Sais AG; A. Sutter A.G.; Unilever (Schweiz) A.G. Canada-(PLC):Lever Brothers Limited; Thomas J. Lipton Inc.; A & W Food Services of Canada Ltd; Unilever Canada Limited NV; Chesebrough-Pond's (Canada) Inc PLC (25%). USA-(NV 75%; PLC 25%):- Cheseborough-Pond's Inc; Lawry's Foods, Inc.; Lever Brothers Company: Thomas J. Lipton, Inc.: National Starch and Chemical Corporation; Prince Matchabelli Inc; Ragu Foods Inc; Unilever Capital Corporation; Unilever United States, Inc. and many others in the rest of the world


Sales turnover Profit before tax (b) Profit after tax (b) Retained profit Ordinary dividends Dividends per share (c) Earnings per share (d) Ordinary share capital Ordinary shareholders funds (a) consolidated figures for

Unilever PLC and Unilever NV combined

(b) on ordinary activities (c) Unilever PLC ordinary

dividend per 5p of capital (d) earnings per 5p of capital

for Unilever PLC and Unilever NV combined

31.12.86(a) £'000

17,140,000 1,143,000

701,000 427,000 232,000 10.232p 35.51p 93,000

3,708,000

31.12.87(a) £'000

16,550,000 1,327,000

556,000 506,000 270,000 12.090p 40.54p 93,000

2,961,000

No of Employees: 294,000 (Parent and group companies)

UNION CARBIDE UK LTD Fountain Precinct, Balm Green, Sheffield S1 3AE Tel: 0742750011 Telex: 54717 Facsimile: 754170

Chairman: Dr J T Harvey (USA, also Managing Director) Directors: N L Zutty (USA), M E Josler (Swiss), D A Carter

(Finance Director and Secretary), T H Cable (USA), G Sferza (Italy), R P Krass (USA)

PRINCIPAL ACTIVITIES: Production and distribution of metals; carbon products; chemicals and speciality products

Parent Company: Union Carbide Corp, USA Financial Information:

Sales turnover Profit before tax Profit after tax Dividends Share capital ShlAreholders funds


UNITED DISTILLERS PLC

31 .12.86 £'000

80,040 2,072

570 800

6,500 35,335

31 .12.87 £'000

72,275 2,095 1,125

570 6,500

35,890

Distillers House, 33 Ellersly Road, Edinburgh EH12 6JW Tel: 031-3377373 Cable: Distillers Edinburgh Telex: 72273 Telefax: 031-337 0163

Chairman: Sir Norman Macfarlane Board of Directors: F I Chapman (Non-Executive), D A Connell,

S C Dowling, A A Greener (Managing Director), R W A Hermans, R K Martin, DNA McLure (Non-Executive), P B Rhodes, A J Tennant

PRINCIPAL ACTIVITIES: The production and worldwide marketing and sale of Scotch whisky. Associated with the group's Scotch whisky operations are subsidiaries dealing with the production and marketing of malted barley and animal feedstuffs. The production and sale of gin, vodka, Pimm's and Crabbies Ginger Wine. Overseas companies import and distribute beverages and sell domestic spirits and wines. The manufacture of yeast products, mainly bakers' and distillers' yeast. Frozen food products.

Principal Trade Names: White Horse, Haig, Black & White, Dewar's White Label, Crawford's, Buchanan, Johnnie Walker, Old Parr, VAT 69, Cossack, Pimm's, Booth's, Gordon's, High & Dry, Tanqueray, Crabbies Green Ginger Wine, Bell's

Parent Company: Guinness PLC

266

Principal Subsidiary Companies: Scotch Whisky: Distillation:Scottish Grain Distillers Ltd; Scottish Malt Distillers Ltd. Associated activities:-Distillers Company (Cereals) Ltd. Blending and Marketing:- Arthur Bell & Sons pic; James Buchanan & Co Ltd; DCl (Whisky Stocks and Sales) Ltd; John Dewar & Sons Ltd; Distillers Company (Bottling Services) Ltd; John Haig & Co Ltd; Macdonald Greenlees Ltd; Wm Sanderson & Son Ltd; John Walker & Sons Ltd; White Horse Distillers Ltd. Other products:- John Crabbie & Co Ltd; Pimms Ltd. White Spirits: London Gin production and marketing:- Charles Tanqueray & Co Ltd; Tanqueray Gordon & Co Ltd; John Watney & Co Ltd. Vodka:-J & J Vickers & Co Ltd. Overseas:- NV Breuval & Co SA (Belgium); Distillers Company (Canada) Ltd (Canada); Simon Freres Ltd (France); Tanqueray Gordon & Co (Canada) Ltd (Canada); Tanqueray Gordon Espana SA (Spain); Distillers Company (New Zealand) Ltd (New Zealand); Tanqueray Gordon & Co (New Zealand) Ltd (New Zealand); UDG International liquor Marketing Ltd (Japan); The United Distillers Group Australia Pty Ltd (Australia); Frans Verbunt BV (Netherlands). Other interests: Food manufacturing and marketing:-Distillers Company (Yeast) Ltd; UYC Ltd

Principal Bankers: Clydesdale Bank PlC

Principal Shareholders: Guinness PLC

W CANNING PLC See CANNING, W, PLC

W R GRACE LTD See GRACE, W R, L TO

WALTER ALEXANDER PLC See ALEXANDER, WALTER, PlC

WELLCOME PLC PO Box 129, The Wellcome Building, 183 Euston Rd, London

NW12BP Tel: 01-387 4477 Cable: Tabloid London NW1 Telex: 8951486 tabloid g Telefax: 01-388 3530

Chairman: A J Shepperd (also Chief Executive) Executive Directors: M R Brookman (Group Finance Director),

W M Castell (Group Commercial Director), H Copestick (Group Corporate Planning Director), R C Devereux (Operations Director), D Godfrey (Operations Director), T E Haigler Jr (Operations Director), P T G Hobbs (Group Personnel Director), C Matons (Operations Director), Dr H J Schaeffer (Vice President Research and Development and Medical Burroughs Wellcome Co USA), Dr T M Jones (Director, Research, Development and Medical UK). Non Executive Directors: Sir Michael Butler, A W Clausen, Dr A T James, J F Lever, Sir Alastair Pilkington

Senior Executives: H Mitchell (Secretary)

PRINCIPAL ACTIVITIES: The principal activities of the group are the discovery, development, manufacture and sale of human and animal health care products. Human health care products include ethical and over-the-counter human medicines, diagnostic reagents, pestiCides and hygiene products

Trade Names: Wellcome, Calmic, Septrin, Zovirax, Zyloric, Actifed, Retrovir, Lanoxicaps, lanoxin, Marzine, Trivax, Cicatrin, Parahypon, Tracrium, Sudafed, Wellferon, Neosporin, Calpol, Digibind

Principal Subsidiary and Related Companies: UK: The Wellcome Foundation Ltd; Burroughs Wellcome International Ltd ; Calmic Ltd; Cooper McDougall & Robertson Ltd; Coopers Animal Health (Holdings) Ltd (51%); Coopers Animal Health Ltd (51%); Wellcome Biotechnology Ltd; Wellcome Diagnostics Ltd; Well come International Trading Ltd. Austria: Wellcome Austria Pharma GmbH. Belgium: NV Cooper McDougall & Robertson (Belgium) SA; NV Benelupharm-Curia SA; NV

Coopers Agrovet SA (51%): NV Well come SA. France: Coopers Veterinaire SA (51%); Laboratoires Well come SA; Societe Chimique Wellcome SA. Germany: Calmic GmbH: Coopers Tierarzneimittel GmbH (51%): Deutsche Wellcome GmbH. Netherlands: Coopers Agrovet BV (51%): Wellcome Nederland BV. Italy: Wellcome Italia SpA. Portugal: Coopers Veterinaria Lda (51 %): Laboratorios Wellcome de Portugal Lda. Eire: Coopers Animal Health Ireland Ltd (51%): Wellcome Ireland Ltd. Spain: Calmic Iberica SA; Gayoso Wellcome SA. Switzerland: Calmic AG: Wellcome AG. Canada: Burroughs Wellcome Inc: Coopers Agropharm Inc (51%): Fairfield Chemical Canada (1986) Inc. USA: Agribusiness Marketers Inc (51%): Burroughs WeUcome Co: Coopers Animal Health Inc: Fairfield American Corporation. Argentina: Coopers Argentina SACI (51%). Australia: Coopers Animal Health Australia Ltd (49%): WeUcome Australia Ltd . Bangladesh: Burroughs Wellcome & Co (Bangladesh) Ltd. Brazil: Coopers Brasil SA (51%). Colombia: Coopers Colombia SA (51%). UK: WeUcome Argentina Ltd (51%) (operating exclusively in Argentina): Taiwan: Coopers Animal Health Taiwan Ltd (51%) (Taiwan). Hong Kong: Burroughs WeUcome & Co (Hong Kong) Ltd; Burroughs Wellcome (Far East) Ltd (operating principally in Taiwan and Sri Lanka). Indonesia: PT Burroughs Wellcome (Indonesia) (80%). Japan: Nippon WeUcome KK (55%); Wellcome Diagnostics Japan Co Ltd. Kenya: WeUcome Kenya Ltd. Malaysia: Coopers Animal Health (M) Sdn Bhd (51%); Wellcome Malaysia Sdn Bhd. Mexico: Burroughs WeUcome de Mexico SA de CV. New Zealand: Coopers Animal Health NZ Ltd (49%); Wellcome New Zealand Ltd. Nigeria: WeUcome Nigeria Ltd (60%). Pakistan: WeUcome Pakistan Ltd (70%). Paraguay: Coopers Paraguay SA (51%). Philippines: Coopers Animal Health (Philippines) Inc (51%); Wellcome (Philippines) Inc. Singapore: Coopers Animal Health (Singapore) Private Ltd (51%); Wellcome Singapore Private Ltd. South Africa: Calmic (Proprietary) Ltd; Coopers Animal Health (Proprietary) Ltd (51%); Coopers (South Africa) (Proprietary) Ltd; Wellcome (Proprietary) Ltd; WeUcome Southern Africa Ltd. Tanzania: Wellcome Tanzania Ltd . Thailand: Coopers Animal Health (Thailand) Ltd (51%); Wellcome Thailand Ltd . Uganda: Wellcome Uganda Ltd. United Arab Emirates: WeUcome Arabian Gulf Ltd. Uruguay: Cooper Uruguay SA (51%); Wellcome Uruguay SA (51%). Venezuela: Coopers Venezolana SA (39.5%). Zambia: Cooper Zambia Ltd. Zimbabwe: Cooper (Zimbabwe) Ltd; Wellcome (Private) Ltd. Related Companies: Biocontrol Ltd (49%) (Australia); Burroughs Wellcome (India) Ltd (40%) (India); Cooper-Zeltia SA (50%) (Spain); Nippon Calmic KK (50%) (Japan): WelGen Manufacturing Inc (50%) (USA); YuYu Calmic Co Ltd (50%) (South Korea)



31.8.87

£'000

29.8.88

£'000

Sales turnover 1,132,400 1,250,500




Dividends 23,700


Earnings per share net basis 11.2p



Principal Shareholders: The Wellcome Trust


WELLMAN PLC Roberts House, Cornwall Rd, Smethwick, Warley, West

Midlands B66 2JU

Tel: 012-5652766

Telex: 336280 WELROB G

221,200

131,800

96,700

30,400

3.60p

15.1p

211,100

652,600

267

UNITED KINGDOM Chairman: Dr A Frankel

Directors: A M Humpish (Chief Executive), Major General R S Broke (Non-Executive), G L Grimwood (Non-Executive), J Gilbert (Finance Director), R E Shirrmacher (Non-Executive)

PRINCIPAL ACTIVITIES: Thermal and mechanical engineers

Subsidiary Companies: (100% owned unless stated): Wellman Automotive Products Ltd; The Wellman Bibby Co Ltd ; Wellman Incanite Foundries Ltd; Wellman Furnaces Ltd; Wellman Process Engineering Ltd; Wellman Thermal Systems Corporation (USA); Morris Heckenberg Pty Ltd (85%) (Australia); WeUman Engineering Africa (Pty) Ltd (South Africa)

Principal Bankers: Lloyds Bank Pic


Sales turnover

Profit before tax

Profit after tax

Retained profit

Preference dividends

Earnings per share net

Share capital

Shareholders funds


WILLIAM BAIRD PLC See BAIRD, WILLIAM, PLC

WIMPEY,GEORGE,PLC

31 .3.87

£'000

36,984

1,335

1,227

646

5.72p

6,426

786

27 Hammersmith Grove, London W6 7EN

Tel: 01-7482000

Telex: 25666

Telefax: 01-7480076

31 .3.88

£'000

41,264

2,631

1,870

1,060

801

8.06p

1,607

5,706

Chairman: Sir Clifford Chetwood (also Chief Executive)

Managing Directors: S S Jardine, R Cowan, R N Oliver, R H SeUier. Directors: The Viscount Hood, 0 J T Graves, Dr J Birks, G M Davies, J 0 Birkin , PAM Curry, M J Dowdy, J A Dwyer, M J Dowdy, P 0 Whitehouse

Senior Executives: D M Penton (Secretary)

PRINCIPAL ACTIVITIES: International construction; civil engineering and related activities; property management and development; mining; waste management; timeshare developments; consultancy services; insurance; mechanical and electrical engineering; quarrying; homes building; travel services. Divisions: Homes and Leisure; Contracting ; Minerals; Property Development; Consultancy

Subsidiary Companies: (100% owned unless stated): George Wimpey Australia Pty Ltd (Australia); George Wimpey Canada Ltd (Canada); George Wimpey (Caribbean) Ltd (Trinidad); George Wimpey Inc (USA); George Wimpey International Ltd; Grove Consultants Ltd; Monteith Travel Services Ltd; Wimgrove Investments Ltd; Wimpey Alawi LLC (65%) (Oman); Wimpey Asphalt Ltd ; Wimpey Construction UK Ltd; WimpeyDubilier Ltd; Wimpey Engineering Ltd ; Wimpey Group Services Ltd; Wimpey Hobbs Ltd (80%); Wimpey Homes Holdings Ltd; Wimpey Insurance Services Ltd ; Wimpey Laboratories Ltd ; Wimpey Major Projects Ltd; Wimpey Offshore Engineers & Constructors Ltd ; Wimpey Plant & Transport Ltd; Wimpey Property Holdings Ltd; Property Holdings BV (Netherlands); Wimpey Waste Management Ltd; Wimpol Ltd (96%). Associated Companies: AI Futlaim-Wimpey (Pte) Ltd (50%) (UAE); Brown and Root-Wimpey Highlands Fabricators Ltd (50%); George Wimpey & Co (Nigeria) Ltd (40%) (Nigeria): Hong Lok Yuen Estates Ltd (40%) (Hong Kong)

Principal Bankers: National Westminster Bank PLC; Lloyds Bank PLC


31.12.86 31.12.87 £'000 £'000

Sales turnover 1,461,000 1,482,000 Profit before tax 66,500 95,800 Profit after tax 51,700 70,900 Retained profit 34,900 49,100 Dividends 13,400 19,000 Dividends per share 4.75p 6.75p Earnings per share 18.4p 25.1p Share capital 70,500 70,500 Shareholders funds 268,000 350,700

Principal Shareholders: Grove Charity Management Ltd (35%) No of Employees: UK 14,000, Worldwide 16,600

WYETH, JOHN, & BROTHER L TO Huntercombe Lane South, Taplow, Maidenhead, Berkshire SL6

OPH Tel: 06286 04377 Cable: Wyethical Maidenhead Telex: 847640 Wylabs G

Directors: N Appleton (Managing Director), Dr B J H Jackson, Dr B Canavan, J R Stafford, T Davis, A Elliott, A Hall, Dr A S Mehta, P Tart, Ms J Morgan

Senior Executives: P A Reacher (Company Secretary)

PRINCIPAL ACTIVITIES: Research, manufacture and distribution of fine chemicals, pharmaceuticals and infant foodstuffs

Trade Names: S-M-A., Wysoy, Progress, Ativan, Normison, Ovran, Ovranette, Algipan, Baratol, Serenid-D, Microval, Trinordiol, Mucaine, Minulet, Lodine, Prempak-C, Premarin, Antepsin

Parent Company: American Home Products Holdings (UK) Ltd Subsidiary Companies: Wyeth Research (UK) Limited Principal Bankers: Midland Bank PLC Financial Information:

Sales turnover Profit before tax Profit after tax Retained profit (loss) Dividends Share capital Shareholders funds

31.10.86 £'000

58,213 6,269 3,970 2,216 1,753 5,750

29,010

31.10.87 £'000

59,877 6,978 4,010 (619)

4,629 5,750

28,392

Principal Shareholders: American Home Products Holdings (UK) Ltd

No of Employees: 1,092-1987

YORKSHIRE CHEMICALS PLC Kirkstall Rd, Leeds LS3 1 LL Tel: 0532 443111 Telex: 55366 Telefax: 0532 421670

Chairman: P A Lowe (also Managing Director) Directors: J F Dawson, M Greenhalgh, T Smith, Dr D A A

Fagandini, J Walker (Chief Executive Colours Division), D Byrne, A Holt, A G Martin (Non-Executive)

Senior Executives: D J Brimblecombe (Company Secretary), D M Byrne (Chief Executive Specialty Products Division)

PRINCIPAL ACTIVITIES: Yorkshire Colours:- Dyes and auxiliaries for the processing of natural and man-made fibres and blends. Coupling components and intermediates for dyestuff and other chemical manufacture. Yorkshire Speciality Products:- Specialised intermediates, dispersants and sulphated natural oils for use in the reprographic, engineering plastics, metal finishing, agro-chemical, construction, paper, cosmetic and rubber industries. Dyes, synthetic tanning agents, chrome tanning materials, fat liquors and finishes for the leather industry

268

Subsidiary Companies: Yorkshire Chemicals Pty Ltd (Australia); Yorkshire Farben GmbH (Germany); Yorkshire de Espana SA (Spain); Yorkshire Chemical Nederland NV (Netherlands); Colorants Yorkshire France SARL (France); Yorkshire Coloranti Italia SpA (Italy); Yorkshire Dyes Inc (USA)

Principal Bankers: Midland Bank PLC; Hong Kong Banking Corp




31.12.86 £'000

40,200 3,230 1,940 5.00p 16.4p

20,800

31.12.87 £'000

48,900 6,250 3,490 7.00p 25.4p

26,500

Alphabetical Index

3M Belgium NV-SA 13 AVEBE BA 150 C Melchers & Co 82 3M Deutschland GmbH 77 Avenir Rural, Cooperative Agricole, 56 CAF 151 3M Espana SA 179 Axel Johnson AB 191 Caf Appro SA 57 3M France SA 55 Babcock & Wilcox Espanola SA 180 Caffaro SpA 126 3M Osterreich Gesellschaft mbH 3 Bahco, Investment AB, 192 Calor Teoranta (Trading as Calor 3M (Schweiz) AG 205 Baird, William, PLC 225 Kosangas) 37 3M United Kingdom PLC 221 Balcke-DOrr AG 79 Calor-Celsius AB 193 A H Marks & Company Ltd 221 Bally International Ltd 206 Cameli & Co SpA 126 Abay SA 13 Bally Schuhfabriken AG 206 CAMPSA 180 ACF Holding NV 149 Banks, Sidney C, pic 226 Canning, W, pic 231 ACNA CHIMICA ORGANICA SpA 125 Banner, Samuel, and Co Ltd 226 Carbochim 16 Ada AB 191 BASF Aktiengesellschaft 79 Carbochimique, Societe, SA 16 ADG 55 BASF Antwerpen N.V. 14 Carbone-Lorraine, Le, 57 AEG Aktiengesellschaft 77 BASF Belgium 15 Carless PLC 232 AGA Group 191 BASF Espanola SA 180 Carroll, P J, and Company pic 37 Aga.Oy,Ab 43 BASF France 56 CASAM 58 AGFA-Gevaert AG 77 BASF Nederland BV 150 Casco Nobel AB 193 AGFA-Gevaert NV 13 BASF Portuguesa Lda 173 Cassella AG 82 Agip Petroli SpA 125 BASF (Schweiz) AG 206 Catteau 58 AGIP (Suisse) SA 205 BASF Svenska AB 192 CdF Chimie 58 AGIPCOVENGAS SpA 125 BASF United Kingdom Ltd 226 Cebeco-Handelsraad 151 Agrimont SpA 125 Bayer AG 80 CEDEST 58 Agrolinz Agrarchemikalien Ges mbH 3 Bayer Antwerpen NV 15 Cehave nv (Farmer's Corporation Agropecuaria de Guissona, SCoop Bayer Austria Gesmbh 3 Cooperative) 151

Ltda 179 Bayer France 56 Cementa AB 193 AHV 179 Bayer Hispania Comercial SA 180 Central and Sheerwood PLC 232 Air Liquide Beige, L', SA 14 Bayer Hispania Industrial SA 180 Centrale Suiker Maatschappij (NV) 152 Air Liquide (L') SA 55 Bayer Italia SpA 126 Century Oils Group PLC 232 Air Products PLC 221 Bayer Nederland NV 150 CEPSA 180 Aiscondel SA 179 Bayer (Schweiz) AG 206 CFPI 59 Aker A,S 165 Bayer Sverige AB 192 CH Industrials PLC 232 Akzo Belgie NV 14 Bayer UK Ltd 226 Chamberlain Phipps PLC 233 Akzo Chemicals GmbH 78 BayWa AG 80 Chemia GesmbH 4 Akzo Chemicals Holdings Ltd 221 BBU 3 Chemical Industries of Northern Akzo nv 149 Belgian Shell SA-NV 15 Greece SA 120 Albatross Fertilizers Ltd 37 Belgonucleaire SA 15 Chemie Holding AG 4 Albright & Wilson Ltd 221 Benckiser, Joh A, GmbH 80 Chemie Linz Ges mbH 4 Alexander. Walter, PLC 222 Benckiser-Knapsack GmbH 81 Chemirnetal Machines SA/NV 16 Allort & Cronholm (AB) 191 Benecke, J H, GmbH 81 Cheminova A/S 29 Algol. Oy. Ab 43 Benlox Holdings Pic 226 Chemischa Fabrik Kalk GmbH 82 Allied Colloids Group PLC 222 Barendsen, Sophus, A/S 29 Chemische Fabrik Riihm GmbH 83 Alsen-Breitenburg lement - und Bergman & Baving AB 192 Chemische Fabrik Schweizerhall 207

Kalkwerke GmbH 78 BHS-Bayerische Berg-, HOtten-und Chemische Fabrik Stockhausen Altana Industrie-Aktien und Anlagen Salzwerke AG 81 GmbH 83

AG 78 Biesterfeld, Wilhelm E H, 81 Chemol Handelsgesellschaft mbH 5 Altos Homos de Vizcaya SA 179 Biokat Corporation 119 Chemosan Union AG 5 Aluminium Suisse SA 205 Bjelsen Valsemelle A/S 165 Chevron Inc 152 Alusuisse 205 BK Ladenburg 81 Chevron Oil Italian a 126 Alusuisse Beheer BV 149 Blagden Industries PLC 227 Chimica del Friuli 126 Alusuisse Italia SpA 125 Blandford & Webb Group Ltd 227 Chimique de la Grande Paroisse, Amalgamated Metal Corporation PLC 222 Bleiberger Bergwerks-Union AG 3 Societe, 59 Amersham International pic 223 BOC Group pic (The) 227 Cia Arrendataria Del Monopolio de Amoco Chemicals Belgium NV 14 Boehringer Mannheim GmbH 81 Petroleos SA 180 Amoco Deutschland GmbH 78 Borden (UK) Ltd 228 Ciba Geigy SA 59 Amoco Fina NV 14 Borg-Warner BV 150 Ciba Geigy SpA 126 Amoco (U,K.) Ltd 223 Borregaard Industries Ltd 165 Ciba-Geigy AG 207 Anchor Chemical Group PLC 223 BP Chemicals Ltd 228 Ciba-Geigy GesmbH 5 Andritz. Maschinenlabrik, AG 3 BP Chimie 57 Ciba-Geigy GI;lbH 83 Anglo Nordic Holdings PLC 223 BP France (formerly Soc Fran9aise CIBA-GEIGY PLC 233 anonima petroli italiana 125 des Petroles BP) 57 Ciba-Geigy SA 181 api 125 BP PLC 229 Cie Fran9aise de I' Azote 59 Apothekemes Laboratorium A/S 165 BP (Schweiz) AG 206 Cilag Ltd 208 Application Des Gaz SA 55 Bremer Woll-Kammerei AG 82 Ciments et Engrais de Dannes et de APV pic 224 Brent Chemicals International PLC 228 I'Est 58 Aral AG 78 Brieout Belgium SA/NV 15 Cimi Montubi SpA 127 Arco Chemie Nederland Ltd 150 British Alean Aluminium pic 228 Cindu-Key & Kramer NV 152 Arosbygdens Lantman Forening UPA 191 British Petroleum B.V. 150 Claudius Peters AG 83 Asahi Chemical Industries (Europe) British Petroleum Company piC (The) 229 CNP 173

SA-NV 14 Bryn-Halden & Nitedals-Gruppen 165 Coalite Group PLC 233 Aspo Group 43 BSS Group PLC 229 Coates Brothers PLC 234 Associated British Industries PLC 224 BTP PLC 230 COFARES, S. COOP 181 Associated Octal Company Ltd 225 Buhler Brothers Ltd 206 COFAZ 59 Atkinson, T, & Son (Corn Merchants) Blihler-Miag GmbH 82 Colgate-Palmolive GmbH 83

Ltd 225 Bullough PLC 230 Combustion Engineering Ltd 234 Atochem SA 56 Burmah Oil PLC (The) 231 Comercial de Potasas SA 181 ATOCHEM UK Holdings Ltd 225 Buss AG 207 Compagnie de Raffinage et de Attock Oil Company Ltd 225 BWK 82 Distribution TOTAL France 59

269

INDEX: Alphabetical

Compagnie des Gaz de Petrole Du Pont Scandinavia AB 194 Fischer, Georg, AG Schaffhausen 209 Primagaz SA 60 Du Pont (UK) Ltd 238 FISIPE 173

Compagnie Fran9aise de Produits Dumex A/S (Dumex Ltd) 30 Fisons pic 240 Industrials 59 Dynamit Nobel AG 88 Fives Cail Babcock 62

Compagnie Fran9aise d'Etudes et de Dyno Industrier A.S 165 Foret SA 183 Construction TECHNIP SA 60 E H Worlee & Co 88 Foseco Minsep pic 241

Compagnie Rousselot SA 60 E Merck 88 Fosforico Espanol SA 183 Companhia Industrial de Resinas East Asiatic Company Ltd A/S (The) Foster Wheeler Italiana SpA 131

Sinteticas, Cires Sari 173 (A/S Det 0stasiatiske Kompagni) 30 Foster Wheeler Ltd 241 Companhia Nacional de EC Erdolchemie GmbH 88 Franz Haniel & Cie GmbH 90

Petroquimica, EP 173 Eerste Nederlandse Cement Industrie Fried. Krupp GmbH 90 Compania de Industrias Agricolas SA 181 (ENCI) NV 153 Fuchs Petrolub AG Oel + Chemie 90 Compania Espanola de Petr61eos SA 180 Eka, Cooperative. Corporation 43 Fuerst Day Lawson Holdings Ltd 241 Comprimo B.V. 152 Eka Nobel AB 194 Fyens Andels-Foderstofforretning Condea Chemie GmbH 83 Eko-Chemicals Co AE 119 AmbA 31 CONOCO Ltd 234 Elettrocarbonium SpA 127 Gallina Blanca Purina SA 183 Cookson Group pic 234 Elf Aquitaine, Societe Nationale, 61 Gates Rubber Company Limited Coop Ann-en Verkoop Voor de Elf Italiana SpA 128 (The) 242

Landbouw in Friesland 151 elflub 71 Gebr Rochling 91 Cooperativa Farmaceutica Espanola Elf Mineralol GmbH 89 GECHEM SA (Formerly PRB) 18

S. Coop 181 Eli-Lilly France SA 61 Gehe & Co AG 91 Cooperative Agricole Avenir Rural 60 Ellis & Everard pic 238 Georg Fischer AG Schaffhausen 210 Cooperative Eka Corporation 43 Elsa Tin Can & Polish Mfrs SA 119 George Wimpey PLC 242 Coppee Lavalin SA (Formerly Elswick PLC 238 Gerland SA 62

Coppee SA) 16 Emhart International Ltd 238 GESTRA Aktiengesellschaft 91 Corning Ltd 235 Empresa da Polimeros de Sines SA 173 Gewerkschaft Brigitta 91 Costain Group PLC 235 Empresa Nacional de Fertilizantes 182 Gist Brocades Lda 173 Courtaulds pic 235 Ems-Chemie Holding AG 209 Gist-Brocades, Royal, NV 154 CPC Espana SA 181 ENCI NV 153 Giulini Chemie GmbH 91 CPC (United Kingdom) Ltd 236 Energia e Industrias Aragonesas SA 182 GIVAUDAN, L, & Cie SA 210 Croda International Pic 236 Energie-und Verfahrenstechnik GmbH Glanzstoff Austria Gesellschaft mbH 5 Cros SA 181 Stuttgart 89 Goldschmidt, Th, AG 92 CSM 152 ENFERSA 182 Government Procurement Centre 51 Custos (AB) 193 Engelhard Ltd 239 Grace, W R, Ltd 242 Cyanamid of Great Britain Limited 237 ENI 128 Grassland Holdings Ltd 37 Dalgety PLC 237 Enichem Agricoltura SpA 128 Greiner Gruppe AG 5 Danieli & C Officine Meccaniche SpA 127 Enichem Anic SpA 128 Grillo-Werke AG 92 Danish Co-operative Farm Supply Ltd 29 Enichem Fibre 128 Grindsted Products A/S 32 Danish Soyacake Factory (Pvt) Ltd 30 Ente Nazionale Indrocarburi SpA 128 Groupe Roullier 62 Dansk Landbrugs Grovvareselskab Entreprise Miniere et Chimique 61 Groupe Thomas 62

amba 29 EPSI 173 Grupo Esso SA 183 Dansk Olieforsyning A/S 29 Erdolraffinerie Ingolstadt AG 89 Gruppo Lepetit S.p.A. 131 Dansk Shell (AS) 29 ERG SpA 128 GUANO-WERKE AG 92 Dansk Sojakagefabrik ApS 30 ERT 186 Guinness PLC 242 Danske Spritfabrikker A/S (De) 30 Espanola del Oxigeno, Sociedad, SA 182 Gulf Oil (Great Britain) Ltd 243 Davy McKee AG 83 Esso AG 89 Gurit-Heberlein AG 210 Degussa AG 83 Esso Belgium (Division of Esso Inc) 17 Haarmann & Reimer GmbH 92 Degussa Antwerpen N.V. 16 Esso Chemie GmbH 89 Hackman, Oy, Ab 45 Delalande SA 60 Esso, Grupo, SA 183 Haltermann International GmbH 93 Delattre-Levivier 60 Esso Italiana SpA 128 Haniel, Franz, & Cie GmbH 93 Den Norske Stats Oljeselskap A/S 165 Esso Nederland BV 154 Hankkija-Group 45 Deutsche Atochem Werke 84 Esso Norge a.s 166 Hanson PLC 243 Deutsche BP AG 84 Esso, Oy, Ab 44 Hansson, HB Elof, 194 Deutsche Fina GmbH 85 ESSO SAF 61 Harmstorf AG 93 Deutsche Gelatine-Fabriken Stoess & ESSO Societe Anonyme Fran9aise 61 Harrisons & Crosfield pic 243

Co GmbH 85 Esso UK piC 239 Hasselfors AB 194 Deutsche ICI GmbH 85 Essochem Plastics Inc 17 Hays pic 244 Deutsche Marathon Petroleum GmbH 85 Ethyl SA 17 HB Elof Hansson 195 Deutsche Shell AG 85 Ets Jean Soufflet SA 61 HBL 63 Deutsche Solvay-Werke GmbH 86 Ets Soules & Cie 61 Hellenic Aspropyrgos Refinery SA 119 Deutsche Texaco AG 87 Evered Holdings PLC 239 Hellenic Chemical Products & DiamaltAG 87 Evode Group piC 239 Fertiliser Co Ltd (The) 119 Diamond Shamrock Europe Ltd 237 EVT 89 Hellenique des Produits & Engrais Diana G Servos & Co SA 119 Ewald Doerken AG 90 Chimiques (SA) 119 Didier-Werke AG 87 Exchem PLC 240 Henkel & Cie AG 210 DLG 29 Exxon Chemical Belgium 17 Henkel Austria Gesellschaft mbH 5 Doerken, Ewald, AG 87 Exxon Chemical Holland 154 Henkel Chimica SpA 131 Dolder AG 208 Exxon Chemical Iberia SA 183 Henkel France 62 Donau-Chemie AG 5 Exxon Chemical Ltd 240 Henkel Iberica, SA 183 Dow Chemical Belgium NV 16 Exxon Chemical Mediterranea SpA 129 Henkel KGaA 93 Dow Chemical Co Ltd 237 Exxon Chemical, Societe Fran9aise, 61 Henkel Nederland BV 154 Dow Chemical France 60 F Reichelt AG 90 Henkel Sud 131 Dow Chemical GmbH 88 Fabricom SA 17 Herba Apotheker-AG 6 Dow Chemical lb8rica SA 182 FAF 31 Hercules BV 155 Dow Chemical (Nederland) BV 152 Farmitalia Carlo Erba SpA 129 Hercules Chemicals NV-SA 18 Dow Corning Ltd 238 Farmos Group Ltd 44 Hercules Ltd 244 Dow (Europe) SA 209 Farmos-Yhtymii Oy 44 Hermann Kronseder Maschinenfabrik 96 Dow Italia SpA 127 Feldmuhle Nobel Aktiengesellschaft 90 Hewlett-Packard Ltd 244 Dr Karl Thomae GmbH 88 Felleskj0pet-Trondheim 166 HGD 63 Dr R Maag Ltd 209 FENO 90 Hickson International PLC 245 DS Industries 30 Ferchimex NV 18 Hoechst AG 94 DSD Dillinger Stahlbau GmbH 88 Fermenta AB 194 Hoechst Hellas AG 120 DSM, Naamloze Vennootschap, 153 Ferro BV 154 Hoechst Holland N.v. 155 Du Pont de Nemours (Belgium) 16 Fexima Oy 44 Hoechst Iberica 183 Du Pont de Nemours (Deutschland) Fiat Lubrificanti SpA 129 Hoechst Italia SpA 131

GmbH 88 Fiat SpA 129 Hoechst Portuguesa SA 174 Du Pont de Nemours (France) SA 60 Fibras Sinteticas de Portugal Sa 173 Hoechst, Societe Fran9aise, 62 Du Pont de Nemours International SA 209 Fina Italiana 130 Hoechst u Herberts-Austria Gruppe 6 Du Pont de Nemours Italiana SpA 127 Finaneste 18 Hoechst UK Ltd 245 Du Pont de Nemours (Luxembourg) Finnish Sugar Co. Ltd 44 Hoek Loos 155

SA 145 Finsider 130 Hoek's, W A, Machine-en Du Pont de Nemours (Nederland) BV 153 Finska Petroleum Ab 50 Zuurstoffabriek NV 155 Du Pont Iberica SA 182 Firmenich SA 209 Hoffmann La Roche AG 94

270

INDEX: Alphabetical

Hoffmann-La Roche & Co AG (F) 210 Lenzing AG 7 Novo Industri A/S 33 Honeywell Ltd 245 LEP Group pic 249 Oberrheinische Mineraliilwerke Hopkinsons Holdings PLC 245 Lepetit, Gruppo, S.p.A. 132 GmbH 102 Houilleres du Bassin de Lorraine 63 Les Produits Organiques du Santerre 66 OCS Group Ltd 254 Huhtamiiki Group (The) 45 Lilly France SA 64 Oerlikon-Buhrle Holding AG 212 Huiles Goudron et Derives 63 Lilly Industries Ltd 250 blAG B Hliis Aktiengesellschaft 94 Limburgse Vinyl Maatschappij NV 19 OK Petroleum AB 197 Huls-Austria Gesellschaft mbH 6 Linde AG 99 bMV Aktiengesellschaft 7 Humphreys & Glasgow Ltd 246 Lindeteves-Jacoberg BV 156 OMW 102 Hunting Petroleum Services pic 246 Lingner + Fischer GmbH 99 Orkla Borregaard A.S (following Hurel Arc SA 63 Locker, Thomas, (Holdings) PLC 250 merger of Orkla Industrier A.s & Hydro Fertilizers Ltd 246 London & Scottish Marine Oil PLC 250 Borregaard A.S in Oct 1986) lAWS 37 Lonza AG 211 Parent Company of The Orkla ICI 247 Lubrizol France SA 64 Borregaard Group 16B I.C.I. Belgium SA-NY 18 Lurgi GmbH 99 Ormet, Twentse Coop ICI Espana SA lB4 Maag, Dr R, Ltd 211 luivelindustrie, WA 157 ICI France 63 Maastrichtse linkwit-Mij, Koninklijke, ORSAN SA 66 ICI Holland BV 155 NV 156 bRWl 8 ICI Ireland Ltd 37 Miilardalens Lantmiin Ek. For. 196 bsterreichische Chemische Werke ICI ltalia SpA 131 MAN Aktiengesellschaft 100 GesmbH 8 ICI bsterreich Ges mbH 6 Mannesmann AG 100 bsterreichische Industrieholding AG 8 ICI (Switzerland) AG 210 Manville de France SA 64 bsterreichische Raiffeisen-IFF (Nederland) BV 155 Marks, A H, & Company Ltd 250 Warenzentrale reg. Gen.m.b.H. B IFI 38 Martinswerk GmbH 100 bsterreichische Salinen AG 9 Imetal 63 Maschinenfabrik Andritz AG 7 Oy Aga Ab 49 Imperial Chemical Industries PLC 247 May & Baker Ltd 251 Oy Algol Ab 49 Industrias Agricolas, Compania de, MBT Holding AG 211 Oy Esso Ab 49

SA 184 McKechnie pic 251 Oy Hackman Ab 49 Intercontinental Quimica SA lB4 MDPA 65 OY Mercantile AB 49 Interpharm B. V. 155 Mechim SA 19 Oy Shell AB 49 INTERQUISA 184 Melchers, C, & Co 100 Oy Teboil Ab 49 Investment AB Bahco 195 Mercantile, OY, AB 47 P J Carroll and Company piC 38 Iplom Societa per Azioni SpA 131 Merck AG 212 Panta Commerciale SpA 133 Irish Agricultural Wholesale Society Merck, E, 101 Parfums Yves St Laurent 67

Ltd 37 Merck Holding Ltd 251 Pauls pic 254 Irish Fertilizer Industries 38 Merck Sharp & Dohme (Holdings) Ltd 251 Pec Rhin 67 Irish National Petroleum Corporation Merx Handelsgesellschaft mbH 7 Pechiney Electrometallurgie 67

Ltd 38 Messer Griesheim GmbH 101 Peroxid-Chemie GmbH 103 Irish Sugar PLC 39 Metaux Precieux (Cie des) 64 Perstorp AB 197 ISAOIL SpA 132 Metsii-Serla Oy 47 Pertwee Holdings Ltd 255 Italimpianti 132 Meyhall Chemical AG 212 Peters, Claudius, AG 103 J H Benecke GmbH 95 Michelin Reifenwerke KGaA 101 PETRESA 184 Janssen Pharmaceutica NV 19 Mines de Potasse d'Alsace SA 65 Petrochim 20 Joh A Benckiser GmbH 95 Miniere et Chimique, Entreprise, 65 Petrofina SA 20 John Mowlem & Company PLC 247 Mira Lanza SpA 132 Petrofina (UK) Ltd 255 John Wyeth & Brother Ltd 247 Mitsui & Co Europe GmbH 102 PETROGAL 174 Johnson, Axel, AB 195 Mitsui & Co, France SA 65 Petroleos de Portugal, EP 174 Johnson Matthey PLC 247 Mobil Oil AG 102 Petroleos del Mediterraneo, SA lB4 Joutseno-Pulp Co. 46 Mobil Oil BV 156 Petr61eos del Norte SA lB4 Jungbunzlauer AG 6 Mobil Oil Company Ltd 252 PETROMED 184 Kali und Salz AG 95 Mobil Oil Franyaise 65 PETRONOR lB4 Kali-Chemie AG 95 Mobil Oil Italiana SpA 132 Petroquimica e Gas de Portugal , E.P. 174 Kalon Group PLC 24B Mobil, Succursale Beige, Plastics Petroquimica Espanola SA 184 Karlshamns AB 195 Europe Inc 19 Plizer Chemical Corporation 38 Kathreiner AG 96 M011esentralen I/S 166 Phillips Imperial Petroleum Ltd 255 Kelsey Industries PLC 24B Monsanto Europe SA 19 Phillips Petroleum Chemicals NV 21 Kemi-Intressen AB 195 Monsanto p.l.c. 252 Phillips Petroleum Chemicals NV/SA 21 Kemira Oy 46 Montedipe SpA 132 Phillips Petroleum Co UK Ltd 255 Kemisk Vaerk K0Qe A/S 32 Montedison France 66 Phoenix Contractors (A/S) 33 Kerry Group piC 38 Montedison SpA 133 Phosphoric Fertilizers Industry Ltd KFK 32 Montedison (Suisse) SA 212 (SA) 120 Knoll AG 96 Morgan Crucible Co pic (The) 252 Pierrel SpA 133 K0benhavns Pektinfabrik AjS 32 Motherwell Bridge Group 253 Polysar Belgium NV 21 Kodak-PatM 64 Motor Oil (Hellas) Corinth Refineries Portals Holdings PLC 255 Koninklijke Maastrichtse linkwit-Mij SA 120 Possehl Erzkontor GmbH 103

NV 156 Mowlem, John, & Company PLC 253 Prayon 21 Korn-Og Foderstof Kompagniet A/S 32 MTM Pic 253 Primagaz, Compagnie des Gaz de Korsniis AB 196 Murex Ltd 253 Petrole, SA 67 Krems-Chemie GesmbH 7 Naamloze vennootschap DSM 156 Procida 67 Krones AG 96 Naphtachimie 66 Procter & Gamble Italia SpA 133 Kronos Titan-GmbH 97 NCB 197 Productos Quimicos del Kruger GmbH & Co KG 97 Nederlandse Stikstof Maatschappij Mediterraneo SA 185 Krupp, Fried., GmbH 97 BV 156 Produits et Egrais Chimiques du Rhin 67 Krupp Handel GmbH 98 Neste Oy 48 Produits Roche et Societe Chimique Krupp Koppers GmbH 9B Neste Polyeten AB 196 Roche 68 Krupp Polysius AG 98 Nitrogenous Fertilizers Industry SA 120 PROQUIMED 185 Kundig, W, & Cie AG 211 NL Chemicals NV 20 Quimidroga SA 185 Kuwait Petroleum (Dan mark) A/S Nobel Industries Sweden AB 196 Quimigal-Quimica de Portugal , EP 174

(Group) 32 Nokia Group 4B R S Stokvis & Zonen BV 157 Kuwait Petroleum (Nederland) BV 156 Nora Industrier A.S. 166 Raisio Group 49 Kwizda-Gruppe Ges mbH 7 Norddeutsche Affinerie AG 102 Raschig AG 103 Kymmene Corporation 46 Nordmann, Rassmann GmbH & Co 102 Reichelt, F, AG 103 L & C Steinmuller GmbH 99 Norit NV. 157 Repsol Butano SA 185 L' Air Liquide Beige SA 19 Norol 168 Repsol Petroleo SA (formerly L GIVAUDAN & Cie SA 211 Norrlands Skogsiigares Cellulosa AB 197 EM PETROL) 185 Liiiiketukku Oy 47 Norsk Hydro a.s. 167 Repsol Quimica 185 Landverband 211 Norsk Hydro Azote 66 Repsol SA 186 Lane Brothers Tar Distillers Ltd 248 Norsk Hydro Sverige AB 197 Resinas Sinteticas, Cires, Companhia Lankro Chemicals Ltd 248 Norsk Hydro (UK) Ltd 254 Industrial de, Sari 175 Lantmiinnen i Siirmland Ek. For 196 Norsk Olje a.s 168 Rheinische Olefinwerke GmbH 104 Laporte Industries (Holdings) PLC 249 Norske Fina A/S 168 Rheinisch-Westfiilisches LASMO 250 Norske Shell (A/S) 168 Elektrizitiitswerk AG 104 Le Carbone-Lorraine 64 Norzink AS 168 Rheinsieg eG 104

271

INDEX: Alphabetical

RhOne Poulenc Agrochimie 68 SKW Trostberg AG 108 Tamoil Italia SpA 136 RhOne Poulenc Chimie de Base SLEA 71 Tamro Group 50

(Societe) 68 SNAMPROGETII SpA 136 TAQSA 188 Rhone-Poulenc Animal Nutrition 68 SNEA 61 Tarragona Quimica SA 188 RhOne-Poulenc Chemie NV 21 SNIA BPD SpA 136 Tate & Lyle PLC 261 Rh6ne-Poulenc SA 68 Sociedad Espanola de Carburos TBG Europe N.V. 159 Riedel-de Haen AG 104 Metalicos SA 187 Teboil, Oy, Ab 51 Rio ROdano SA 186 Sociedad Espanola de Fabricaciones TECHNIP, Compagnie Franc;aise Rio Tinto, Union Explosives, SA 186 Nitrogenadas SA 187 d'Etudes et de Construction, SA 72 Rivoira SpA 134 Sociedad Espanola del Oxigeno SA 188 Techno Arbed Deutschland GmbH 110 Roche, Hoffmann-La, & Co AG (F) 213 Sociedad Petrolifera Espanola Shell Tennants Consolidated Ltd 262 Roche Products Ltd 256 SA 188 Tensia SA 24 Roche, Produits, et Societe Chimique Sociedade Nacional de Detergentes Tessenderlo Chemie SA 24

Roche 68 Sari 175 Texaco Belgium NV SA 24 RCichling, Gebr, 105 Sociedade Nacional de Sab6es Lda 175 Texaco Ltd 262 Rohm and Haas France SA 69 Societa Finanziaria Siderurgica 130 Texaco Petroleum (Nederland) BV 159 Rohm and Haas Italia SpA 134 Societa Italian a Impianti 132 Th Goldschmidt AG 110 Rohm and Haas (UK) Ltd 256 Societa Italiana Serie Acetica Thann et Mulhouse SA 72 Rohm, Chemische Fabrik, GmbH 105 Sintetica SpA 136 Thomae, Dr Karl, GmbH 110 Roquette Freres SA 69 Societa Italo Americana Prodotti Thomas, Groupe, 72 Rosseel NV 21 Antiparassitari 135 Thomas Locker (Holdings) PLC 262 Roullier, Groupe, 69 Societa per I'Industria dell'Ossigene Thomasdunger GmbH 110 Roussel Uclaf SA 69 di Alln. Gas SpA 135 Thomson T -Line PLC 262 Rousselot, Compagnie, SA 69 Societe Carbochimique SA 22 Thyssen Rheinstahl Technik GmbH 110 Royal Dutch Petroleum Company 157 Societe Chimique de la Grande Tikkurila Oy 51 Royal Gist-Brocades NV 158 Paroisse 71 TIMAC SA 72 RPCB 68 Societe Chimique Prayon-Rupel SA 21 Tinfos Jernverk A/S 169 RTZ Corporation PLC (The) 257 SOCiete Commerciale des Potasses Tioxide Espana SA 188 Ruhr -Stickstoff AG 105 et de I'Azote 70 Tioxide Group PLC 263 Ruhr-Zink GmbH 105 Societe des Lubrifiants Elf Aquitaine 71 Tofte Industrier A/S 170 Rutgerswerke AG 106 Societe des Mines et Fonderies de Torras Hostench, SA 188 RWE 104 Zinc de la Vieille-Montagne SA 22 TOTAL Compagnie Franc;aise des Saarland Raffinerie GmbH 106 SOCiete Europeenne des Carburants 21 Petroles 72 Sabroe Refrigeration A/S 34 SOCiete Franc;aise Exxon Chemical 71 Total Oil Great Britain Ltd 263 SADACEM SA 21 Societe Franc;aise Hoechst 71 Total Societa Italiana per Azioni 137 Sadelmi Cogepi S.p.A. 134 Societe Generale de Belgique SA 22 TPL SpA 137 SAFFA S.p.A. 134 Societe Nationale Elf Aquitaine 71

TPL-Tecnologie Progetti Lavori SpA 137 Safic-Alcan & Cie 70 Soda P6voa Sari 175

Trafalgar House Public Limited SAIPEM S.p.A. 134 Sogo et Cie 71

Company 263 Salzgitter AG 106 Solvay & Cie SA 22 Transol International Corporation bv 159 Samuel Banner and Co Ltd 257 Solvay & Cie SA 188 Treibacher Chemische Werke AG 9 Sandoz Ltd 214 Solvay Chemie BV 158 Twentse Coop Zuivelindustrie Ormet Sandoz Products Ltd 257 Solvay Osterreich Ges mbH 9

WA 160 Sandoz SAE 187 Solvic & Cie SNC 23 UCAR 216 Sandoz SpA 135 SONADEL 175 UCB 24 Sanofi 70 Sopar SA 23 UCB (Investments) Ltd 264 SAPEC-Produits et Engrais Sophus Berendsen A/S 34 UCB-FTAL SA 25 Chimiques du Portugal SA 175 Soufflet, Ets Jean, SA 71 Uhde GmbH 110 Saras SpA Raffinerie Sarde 135 Soules, Ets, & Cie 72 UKF 160 Sauerstoffwerk Westfalen AG 107 Squibb SpA 136 UKF Fertilisers Ltd 264 Scanraff 198 SSF Dottikon 216

Scheller Handel AG 215 STAL Refrigeration AB 198 Ultramar PLC 264 Schering AG 107 Starckjohann-Telko Oy 50 Uniao Industrial Textil e Qui mica

Schering Holdings Ltd 257 STATOIL 169 Uniteca SA 176 Schering SA 70 Statoil A/S 34 Unichema Chemie GesmbH

Schott Glaswerke 107 Statoil Petrokemi AB 198 Zweigniederlassung Wien 9 Schubarth + Co AG 215 Stats Oljeselskap, Den Norske, A/S 169 Unichema Chemie GmbH 111 Schweizerische Aluminium AG 205 Staveley Industries pic 259 Unie van Kunstmestfabrieken BV 160 Schwelmer Eisenwerk Muller & Co Steetley pic 260 Unigate PLC 264

GmbH 108 Steinmuller, L & C, GmbH 108 Unilever N.v. 160 Scottish Agricultural Industries PLC 257 Sterling-Winthrop Group Ltd 260 Unilever PLC 265 SCPA 70 Stinnes AG 109 Union Carbide Deutschland GmbH 111 SECA SA 21 Stokvis, R S, & Zonen BV 159 Union Carbide France SA 73 Secunus Industrier A-S 169 Stoillack AG 9 Union Carbide UK Ltd 266 SEFANITRO SA 187 Stork, Verenigde Machinefabrieken, Union des Cooperatives Agricoles SEO 182 NV 159 Romandes 216 Shell Chemicals UK Ltd 258 Storm"lIen Salgsaksjeselskap 169 Uni6n Explosives Rio Tinto SA 188 Shell Chimie SA 71 Streichenberger SA 72 Union Rheinische Braunkohlen Shell Franc;aise SA 71 Succursale Beige Mobil Plastics Kraftstoff AG 111 Shell Italia SpA 135 Europe Inc 24 United Distillers pic 266 Shell Nederland BV 158 Sudchemie AG 110 Universale-Bau AG 9 Shell, Oy, AB 50 Sulzer Brothers Ltd 216 Vallourec 73 Shell Portuguesa Sari 175 Sumitomo Deutschland GmbH 110 Valtion Hankintakeskus 51 Shell, Sociedad Petrolifera Espanola, Sunds Defibrator AB 198 VAPO Oy 51

SA 187 Suomen Petrooli Oy 50 Vargon AllOys AB 200 Shell (SWitzerland) 215 Superfos a/s 34 Viistsvenska Lantmiin For UPA 200 'Shell" Transport and Trading Supra AB 199 VEBA AG 111

Company p.l.c. (The) 258 Sutcliffe Speakman PLC 260 Veba Oel AG 112 Shell U.K. Limited 258 Suttons Group Ltd 39 Verband Landw Genossenschaften SIAPA 135 Svenska BP AB 199 des Kanton St Gallen und Siber Hegner Holding AG 215 Svenska Hoechst AB 199 Genachbarter Gebiete 211 SIBP 22 Svenska Lantmiinnens Riksforbund 199 Verband Ostschweiz Landwirtschaftl SICNG SA 120 Svenska Shell Koncernen 199 Genossenschaften 217 Sidney C Banks pic 258 Svenska Unilever 200 Vereinigte Landwarenkaufleutein Siegfried AG 216 Swarovski AG 141 Norddeutschland 115 SIGRI GmbH 108 Swedish Farmers' Supply & Crop Verenigde Machinefabrieken Stork Silkolene Lubricants PLC 259 Marketing Association 199 NV 161 Simon Engineering pic 259 Swedish Match AB 200 Verkaufges fur Teererzeugnisse SIO SpA 135 Swiss Aluminium Ltd 205 (VFT) mbH 112 SIR Finanziaria SpA 135 Swiss Explosives Works ltd 216 VIAG Aktiengesellschaft 112 SISAS 136 T Atkinson & Son (Corn Merchants) Vieille-Montagne, Societe des Mines Siuicre Eireann cpt 39 Ltd 261 et Fonderies de Zinc de la, SA 25 Skandinaviska Raffinaderi AB 198 T&N pic 261 Viopharm SA 121

272

INDEX: Alphabetical

Voest-Alpine Industrieanlagenbau Ges mbH 10

VOLG 217 Von Heyden GmbH 113 W A Hoek's Machine-en

Zuurstoffabriek NV 161 W Canning pic 266 W Kundig & Cie AG 217 W R Grace Ltd 266 Wacker-Chemie GmbH 113 Walter Alexander PLC 266 Wasag-Chemie AG 113 Wellcome pic 266 Wellman pic 267 Werner & Pfleiderer GmbH 114 Westfalen, Sauerstoffwerk, AG 114 Westfalische Central-Genossenschaft

eG 114 Wihuri Oy 51 Wilhelm E H Biesterfeld 114 William Baird PLC 267 Wimpey, George, PLC 267 Windmill Holland B.V. 161 Wintershall AG 114 Wirtschaftliche

Landhandelsvereinigung GmbH 115 Wolff Walsrode AG 115 WOrlile, E H, & Co 115 Wyeth, John, & Brother Ltd 268 Yorkshire Chemicals pic 268 Zander & Ingestrom AS 201 Zeller & Gmelin GmbH & Co 115 Zuellig International Ltd 217 Zuid-Chemie BV 161

273

Index by Country

Dow Chemical Belgium NV 16 Kl!lbenhavns Pektinfabrik AfS 32 Du Pont de Nemours (Belgium) 16 Korn-Og Foderstof Kompagniet AfS 32

AUSTRIA Esso Belgium (Division of Esso Inc) 17 Kuwait Petroleum (Danmark) AfS Essochem Plastics Inc 17 (Group) 32 Ethyl SA 17 Novo Industri AfS 33 Exxon Chemical Belgium 17 Phoenix Contractors (AfS) 33

3M bsterreich Gesellschaft mbH 3 Fabricom SA 17 Sabroe Refrigeration AfS 34 Agrolinz Agrarchemikalien Ges mbH 3 Ferchimex NV 18 Sophus Berendsen AfS 34 Andritz, Maschinenfabrik, AG 3 Finaneste 18 Statoil AfS 34 Bayer Austria Gesmbh 3 GECHEM SA (Formerly PRB) 18 Superfos afs 34 BBU 3 Hercules Chemicals NV-SA 18 Bleiberger Bergwerks-Union AG 3 I.C.I. Belgium S.A.-N.V. 18 Chemia GesmbH 4 Janssen Pharmaceutica NV 19 Chemie Holding AG 4 L' Air Liquide Beige SA 19 Chemie Linz Ges mbH 4 Limburgse Vinyl Maatschappij NV 19 EIRE Chemol Handelsgesellschaft mbH 5 Mechim SA 19 Chemosan Union AG 5 Mobil, Succursale Beige, PlastiCS Ciba-Geigy GesmbH 5 Europe Inc 19 Donau-Chemie AG 5 Monsanto Europe SA 19 Albatross Fertilizers Ltd 37 Glanzstoff Austria Gesellschaft mbH 5 NL Chemicals NV 20 Calor Teoranta (Trading as Calor Greiner Gruppe AG 5 Petrochim 20 Kosangas) 37 Henkel Austria Gesellschaft mbH 5 Petrofina SA 20 Carroll, P J, and Company pic 37 Herba Apotheker-AG 6 Phillips Petroleum Chemicals NV 21 Grassland Holdings Ltd 37 Hoechst u Herberts-Austria Gruppe 6 Phillips Petroleum Chemicals NVfSA 21 lAWS 37 Hiils-Austria Gesellschaft mbH 6 POlysar Belgium NV 21 ICI Ireland Ltd 37 ICI bsterreich Ges mbH 6 Prayon 21 IFI 38 Jungbunzlauer AG 6 Rh6ne-Poulenc Chemie NV 21 Irish Agricultural Wholesale Society Krems-Chemie GesmbH 7 Rosseel NV 21 Ltd 37 Kwizda-Gruppe Ges mbH 7 SADACEM SA 21 Irish Fertilizer Industries 38 Lenzing AG 7 SECA SA 21 Irish National Petroleum Corporation Maschinenfabrik Andritz AG 7 SIBP 22 Ltd 38 Merx Handelsgesellschaft mbH 7 Societe Carbochimique SA 22 Irish Sugar PLC 39 blAG 8 Societe Chimique Prayon-Rupel SA 21 Kerry Group pic 38 OMV Aktiengesellschaft 7 Societe des Mines et Fonderies de P J Carroll and Company pic 38 ORWZ 8 Zinc de la Vieille-Montagne SA 22 Pfizer Chemical Corporation 38 bsterreichische Chemische Werke Societe Europeenne des Carburants 21 Siuicre Eireann cpt 39

GesmbH 8 Societe Generale de Belgique SA 22 Suttons Group Ltd 39 ~sterreichische Industrieholding AG 8 Solvay & Cie SA 22 Osterreichische Raiffeisen- Solvic & Cie SNC 23

Warenzentrale reg. Gen.m.b.H. 8 Sopar SA 23 bsterreichische Salinen AG 9 Succursale Beige Mobil Plastics Solvay Osterreich Ges mbH 9 Europe Inc 24 FINLAND Stoillack AG 9 Tensia SA 24 Treibacher Chemische Werke AG 9 Tessenderlo Chemie SA 24 Unichema Chemie GesmbH Texaco Belgium NV SA 24 Aga, Oy, Ab 43

Zweigniederlassung Wien 9 UCB 24 Algol, Oy, Ab 43 Universale-Bau AG 9 UCB-FTAL SA 25 Aspo Group 43 Voest-Alpine Industrieanlagenbau Vieille-Montagne, Societe des Mines Cooperative Eka Corporation 43 Ges mbH 10 et Fonderies de Zinc de la, SA 25 Eka, Cooperative, Corporation 43 Esso, Oy, Ab 44 Farmos Group Ltd 44 Farmos-Yhtyma Oy 44

BELGIUM DENMARK Fexima Oy 44 Finnish Sugar Co. Ltd 44 Finska Petroleum Ab 50 Government Procurement Centre 51

3M Belgium NV-SA 13 Berendsen, Sophus, AfS 29 Hackman, Oy, Ab 45 Abay S.A. 13 Cheminova AfS 29 Hankkija-Group 45 AGFA-Gevaert NV 13 Danish Co-operative Farm Supply Ltd 29 Huhtamaki Group (The) 45 Air Liquide Beige, L', SA 14 Danish Soyacake Factory (Pvt) Ltd 30 Joutseno-Pulp Co. 46 Akzo Belgie NV 14 Dansk Landbrugs Grovvareselskab Kemira Oy 46 Amoco Chemicals Belgium NV 14 amba 29 Kymmene Corporation 46 Amoco Fina NV 14 Dansk Olieforsyning AfS 29 Laaketukku Oy 47 Asahi Chemical Industries (Europe) Dansk Shell (AS) 29 Mercantile, OY, AB 47

SA-NY 14 Dansk Sojakagefabrik ApS 30 Metsa-Serla Oy 47 BASF Antwerpen N.V. 14 Danske Spritfabrikker AfS (De) 30 Neste Oy 48 BASF Belgium 15 DLG 29 Nokia Group 48 Bayer Antwerpen NV 15 DS Industries 30 Oy Aga Ab 49 Belgian Shell SA-NY 15 Dumex AfS (Dumex Ltd) 30 Oy Algol Ab 49 Belgonucleaire S.A. 15 East Asiatic Company Ltd AfS (The) Oy Esse Ab 49 Bricout Belgium SAfNV 15 (AfS Det I2Jstasiatiske Kompagni) 30 Oy Hackman Ab 49 Carbochim 16 FAF 31 OY Mercantile AB 49 Carbochimique, Societe, SA 16 Fyens Andels-Foderstofforretning Oy Shell AB 49 Chemimetal Machines SAfNV 16 AmbA 31 Oy Teboil Ab 49 Coppee Lavalin SA (Formerly Grindsted Products AfS 32 Raisie Group 49

Coppee SA) 16 Kemisk Vaerk Kl!lge AfS 32 Shell, Oy, AB 50 Degussa Antwerpen N.V. 16 KFK 32 Starckjohann-Telke Oy 50

274

INDEX: By Country

Suomen Petrooli Oy 50 Pec Rhin 67 Davy McKee AG 83 Tamro Group 50 Pechiney Electrometallurgie 67 Degussa AG 83 Teboil, Oy, Ab 51 Primagaz, Compagnie des Gaz de Deutsche Atochem Werke 84 Tikkurila Oy 51 Petrole, SA 67 Deutsche BP AG 84 Valtion Hankintakeskus 51 Procida 67 Deutsche Fina GmbH 85 VAPO Oy 51 Produits et Egrais Chimiques du Rhin 67 Deutsche Gelatine-Fabriken Stoess & Wihuri Oy 51 Produits Roche et Societe Chimique Co GmbH 85

Roche 68 Deutsche ICI GmbH 85 Rhone Poulenc Agrochimie 68 Deutsche Marathon Petroleum GmbH 85 Rhone Poulenc Chimie de Base Deutsche Shell AG 85

(Societe) 68 Deutsche Solvay-Werke GmbH 86 FRANCE Rhone-Poulenc Animal Nutrition 68 Deutsche Texaco AG 87

Rhone-Poulenc SA 68 Diamalt AG 87 Roche, Produits, et Societe Chimique Didier-Werke AG 87

3M France SA 55 Roche 68 Doerken, Ewald, AG 87

ADG 55 Rohm and Haas France SA 69 Dow Chemical GmbH 88

Air Liquide (L') SA 55 Roquette Freres SA 69 Dr Karl Thomae GmbH 88

Application Des Gaz SA 55 Roullier, Groupe, 69 DSD Dillinger Stahlbau GmbH 88

Atochem SA 56 Roussel Uclaf SA 69 Du Pont de Nemours (Deutschland)

Avenir Rural, Cooperative Agricole, 56 Rousselot, Compagnie, SA 69 GmbH 88

BASF France 56 RPCB 68 Dynamit Nobel AG 88

Bayer France 56 Safic-Alcan & Cie 70 E H Worlee & Co 88

BP Chimie 57 Sanofi 70 E Merck 88

BP France (formerly Soc Framtaise Schering SA 70 EC Erd61chemie GmbH 88

des Petroles BP) 57 SCPA 70 Elf Mineral61 GmbH 89

Caf Appro SA 57 Shell Chimie SA 71 Energie-und Verfahrenstechnik GmbH

Carbone-Lorraine, Le, 57 Shell Franc;:aise SA 71 Stuttgart 89

CASAM 58 SLEA 71 Erd61raffinerie Ingolstadt AG 89

Catteau 58 SNEA 61 Esso AG 89

CdF Chimie 58 Societe Chimique de la Grande Esso Chemie GmbH 89

CEDEST 58 Paroisse 71 EVT 89

CFPI 59 SOCiete Commerciale des Potasses Ewald Doerken AG 90

Chimique de la Grande Paroisse, et de I'Azote 70 F Reichelt AG 90

Societe, 59 Societe des Lubrifiants Elf Aquitaine 71 Feldmuhle Nobel Aktiengesellschaft 90

Ciba Geigy SA 59 Societe Franc;:aise Exxon Chemical 71 FE NO 90

Cie Franc;:aise de I' Azote 59 Societe Franc;:aise Hoechst 71 Franz Haniel & Cie GmbH 90

Ciments et Engrais de Dannes et de Societe Nationale Elf Aquitaine 71 Fried. Krupp GmbH 90

rEst 58 Sogo et Cie 71 Fuchs Petrolub AG Oel + Chemie 90

COFAZ 59 Soufflet, Ets Jean, SA 71 Gebr R6chling 91

Compagnie de Raffinage et de Soules, Ets , & Cie 72 Gehe & Co AG 91

Distribution TOTAL France 59 Streichenberger SA 72 GESTRA Aktiengesellschaft 91

Compagnie des Gaz de Petrole TECHNIP, Compagnie Franc;:aise Gewerkschaft Brigitta 91

Primagaz SA 60 d'Etudes et de Construction, SA 72 Giulini Chemie GmbH 91

Compagnie Franc;:aise de Produits Thann et Mulhouse SA 72 Goldschmidt, Th , AG 92

Industriels 59 Thomas, Groupe, 72 Grillo-Werke AG 92

Compagnie Franc;:aise d'Etudes et de TIMAC SA 72 GUANO-WERKE AG 92

Construction TECHNIP SA 60 TOTAL Compagnie Franc;:aise des Haarmann & Reimer GmbH 92

Compagnie Rousselot SA 60 Petroles 72 Haltermann International GmbH 93

Cooperative Agricole Avenir Rural 60 Union Carbide France SA 73 Haniel, Franz, & Cie GmbH 93

Delalande SA 60 Vallourec 73 Harmstorf AG 93

Delattre-Levivier 60 Henkel KGaA 93

Dow Chemical France 60 Hermann Kronseder Maschinenfabrik 96

Du Pont de Nemours (France) SA 60 Hoechst AG 94

Elf Aquitaine, Societe Nationale, 61 Hoffmann La Roche AG 94

elf lub 71 GERMANY Huls Aktiengesellschaft 94

Eli-Lilly France SA 61 J H Benecke GmbH 95

Entreprise Miniere et Chimique 61 Joh A Benckiser GmbH 95

ESSO SAF 61 3M Deutschland GmbH 77 Kali und Salz AG 95

ESSO Societe Anonyme Franc;:aise 61 AEG Aktiengesellschaft 77 Kali-Chemie AG 95

Ets Jean Soufflet SA 61 AGFA-Gevaert AG 77 Kathreiner AG 96

Ets Soules & Cie 61 Akzo Chemicals GmbH 78 Knoll AG 96

Exxon Chemical, Societe Franc;:aise, 61 Aisen-Breitenburg Zement- und Krones AG 96

Fives Cail Babcock 62 Kalkwerke GmbH 78 Kronos Titan-GmbH 97

Gerland SA 62 Altana Industrie-Aktien und Anlagen Kruger GmbH & Co KG 97

Groupe Roullier 62 AG 78 Krupp, Fried ., GmbH 97

Groupe Thomas 62 Amoco Deutschland GmbH 78 Krupp Handel GmbH 98

HBL 63 Aral AG 78 Krupp Koppers GmbH 98

Henkel France 62 Balcke-Durr AG 79 Krupp Polysius AG 98

HGD 63 BASF Aktiengesellschaft 79 L & C Steinmuller GmbH 99

Hoechst, SOCiete Franc;:aise, 62 Bayer AG 80 Linde AG 99

Houilleres du Bassin de Lorraine 63 BayWa AG 80 Lingner + Fischer GmbH 99 Huiles Goudron et Derives 63 Benckiser, Joh A, GmbH 80 Lurgi GmbH 99 Hurel Arc SA 63 Benckiser-Knapsack GmbH 81 MAN Aktiengesellschaft 100 ICI France 63 Benecke, J H , GmbH 81 Mannesmann AG 100 Imetal 63 BHS-Bayerische Berg-, Hutten-und Martinswerk GmbH 100 Kodak-Pathe 64 Salzwerke AG 81 Melchers, C, & Co 100 Le Carbone-Lorraine 64 Biesterfeld, Wilhelm E H, 81 Merck, E, 101

Les Produits Organiques du Santerre 66 BK Ladenburg 81 Messer Griesheim GmbH 101 Lilly France SA 64 Boehringer Mannheim GmbH 81 Michelin Reifenwerke KGaA 101 Lubrizol France SA 64 Bremer Woll-Kiimmerei AG 82 Mitsui & Co Europe GmbH 102 Manville de France SA 64 Buhler-Miag GmbH 82 Mobil Oil AG 102 MDPA 65 BWK 82 Norddeutsche Affinerie AG 102 Metaux Precieux (Cie des) 64 C Melchers & Co 82 Nordmann, Rassmann GmbH & Co 102 Mines de Potasse d'Alsace SA 65 Cassella AG 82 Oberrheinische Mineral61werke Miniere et Chimique, Entreprise, 65 Chemische Fabrik Kalk GmbH 82 GmbH 102 Mitsui & Co, France SA 65 Chemische Fabrik R6hm GmbH 83 OMW 102 Mobil Oil Franyaise 65 Chemische Fabrik Stockhausen Peroxid-Chemie GmbH 103 Montedison France 66 GmbH 83 Peters , ClaudiUS, AG 103 Naphtachimie 66 Ciba-Geigy GmbH 83 Possehl Erzkontor GmbH 103 Norsk Hydro Azote 66 Claudius Peters AG 83 Raschig AG 103 OR SAN SA 66 Colgate-Palmolive GmbH 83 Reichelt, F, AG 103 Parfums Yves St Laurent 67 Condea Chemie GmbH 83 Rheinische Olefinwerke GmbH 104

275

INDEX: By Country

Rheinisch·Westfalisches anonima petroli italiana 125 Elektrizitatswerk AG 104 api 125

Rheinsieg eG 104 Bayer Italia SpA 126 NETHERLANDS Riedel·de Hasn AG 104 Caffaro SpA 126 Riichling, Gebr, 105 Cameli & Co SpA 126 Rohm, Chemische Fabrik, GmbH 105 Chevron Oil Italiana 126 Ruhr·Stickstoff AG 105 Chimica del Friuli 126

ACF Holding NV 149 Ruhr·Zink GmbH 105 Akzo nv 149 Riitgerswerke AG 106

Ciba Geigy SpA 126 Alusuisse Beheer BV 149 RWE 104 Cimi Montubi SpA 127 Arco Chemie Nederland Ltd 150 Saarland Raffinerie GmbH 106 Danieli & C Officine Meccaniche SpA 127 AVEBE BA 150 Salzgitter AG 106 Dow Italia SpA 127 BASF Nederland BV 150 Sauerstofiwerk Westfalen AG 107 Du Pont de Nemours Italiana SpA 127 Bayer Nederland NV 150 Schering AG 107 Elettrocarbonium SpA 127 Borg·Warner BV 150 Schott Glaswerke 107 Elf Italiana SpA 128 British Petroleum B.V. 150 Schwelmer Eisenwerk Miiller & Co ENI 128 CAF 151

GmbH 108 Enichem Agricoltura SpA 128 Cebeco·Handelsraad 151

SIGRI GmbH 108 Enichem Anic SpA 128 Cehave nv (Farmer's Corporation

SKW Trostberg AG 108 Enichem Fibre 128 Cooperative) 151 Steinmiiller, L & C, GmbH 108 Ente Nazionale Indrocarburi SpA 128 Centrale Suiker Maatschappij (NV) 152 Stinnes AG 109 ERG SpA 128 Chevron Inc 152

Sudchemie AG 110 Esso Italian a SpA 128 Cindu·Key & Kramer NV 152 Sumitomo Deutschland GmbH 110 Exxon Chemical Mediterranea SpA 129

Com primo B.V. 152

Techno Arbed Deutschland GmbH 110 Coop Ann·en Verkoop Voor de

Th Goldschmidt AG 110 Farmitalia Carlo Erba SpA 129 Landbouw in Friesland 151

Thomae, Dr Karl, GmbH 110 Fiat Lubrificanti SpA 129 CSM 152

Thomasdiinger GmbH 110 Fiat SpA 129 Dow Chemical (Nederland) BV 152 Thyssen Rheinstahl Technik GmbH 110 Fina Italiana 130 DSM, Naamloze Vennootschap, 153 Uhde GmbH 110 Finsider 130 Du Pont de Nemours (Nederland) BV 153

Unichema Chemie GmbH 111 Foster Wheeler Italian a SpA 131 Eerste Nederlandse Cement Industrie

Union Carbide Deutschland GmbH 111 Gruppo Lepetit S.p.A. 131 (ENCI) NV 153 Union Rheinische Braunkohlen Henkel Chimica SpA 131 ENCINV 153

Kraftstoff AG 111 Henkel Sud 131 Esso Nederland BV 154

VEBAAG 111 Hoechst Italia SpA 131 Exxon Chemical Holland 154

Veba Oel AG 112 ICI Italia SpA 131 Ferro BV 154

Vereinigte Landwarenkaufleutein Iplom Societa per Azioni SpA 131 Gist·Brocades, Royal, NV 154

Norddeutschland 115 ISAOIL SpA 132 Henkel Nederland BV 154 Verkaufges fiir Teererzeugnisse Italimpianti 132 Hercules BV 155

(VFT) mbH 112 Lepetit, Gruppo, S.p.A. 132 Hoechst Holland N.V. 155

VIAG Aktiengesellschaft 112 Mira Lanza SpA 132 Hoek Loos 155

Von Heyden GmbH 113 Mobil Oil Italiana SpA 132 Hoek's, W A, Machine·en

Wacker·Chemie GmbH 113 Montedipe SpA 132 Zuurstoffabriek NV 155

Wasag·Chemie AG 113 ICI Holland BV 155 Werner & Pfleiderer GmbH 114

Montedison SpA 133 IFF (Nederland) BV 155 Westialen, Sauerstofiwerk, AG 114

Panta Commerciale SpA 133 Interpharm B.V. 155 Westfalische Central·Genossenschaft

Pierrel SpA 133 Koninklijke Maastrichtse Zinkwit·Mij

eG 114 Procter & Gamble Italia SpA 133 NV 156 Wilhelm E H Biesterfeld 114 Rivoira SpA 134 Kuwait Petroleum (Nederland) BV 156 Wintershall AG 114 Rohm and Haas Italia SpA 134 Lindeteves·Jacoberg BV 156 Wirtschaftliche Sadelmi Cogepi S.p.A. 134 Maastrichtse Zinkwit·Mij, Koninklijke,

Landhandelsvereinigung GmbH 115 SAFFA S.p.A. 134 NV 156 Wolff Walsrode AG 115 SAIPEM S.p.A. 134 Mobil Oil BV 156 Worlee, E H, & Co 115 Sandoz SpA 135 Naamloze Vennootschap DSM 156 Zeller & Gmelin GmbH & Co 115 Saras SpA Raffinerie Sarde 135 Nederlandse Stikstof Maatschappij

Shell Italia SpA 135 BV 156 SIAPA 135 Norit N.V. 157

SIO SpA 135 Ormet, Twentse Coop

SIR Finanziaria SpA 135 Zuivelindustrie, WA 157

GREECE SISAS 136 R S Stokvis & Zonen BV 157

SNAMPROGETTI SpA 136 Royal Dutch Petroleum Company 157

SNIA BPD SpA 136 Royal Gist·Brocades NV 158 Shell Nederland BV 158

Biokat Corporation 119 Societa Finanziaria Siderurgica 130 Solvay Chemie BV 158 Chemical Industries of Northern Societa Italiana Impianti 132 Stokvis, R S, & Zonen BV 159

Greece SA 120 Societa Italiana Serie Acetica Stork, Verenigde Machinefabrieken, Diana G Servos & Co SA 119 Sintetica SpA 136 NV 159 Eko·Chemicals Co AE 119 Societa Italo Americana Prodotti TBG Europe N.V. 159 Elsa Tin Can & Polish Mfrs SA 119 Antiparassitari 135 Texaco Petroleum (Nederland) BV 159 Hellenic Aspropyrgos Refinery SA 119 Societa per l'industria dell'Ossigene Transol International Corporation bv 159 Hellenic Chemical Products & di Alln. Gas SpA 135 Twentse Coop Zuivelindustrie Ormet

Fertiliser Co Ltd (The) 119 Squibb SpA 136 WA 160 Hellenique des Produits & Engrais Tamoil Italia SpA 136 UKF 160

Chimiques (SA) 119 Total Societa Italiana per Azioni 137 Unie van Kunstmestiabrieken BV 160 Hoechst Hellas AG 120 TPL SpA 137 Unilever N.V. 160 Motor Oil (Hellas) Corinth Refineries TPL· T ecnologie Progetti Lavori SpA 137 Verenigde Machinefabrieken Stork

SA 120 NV 161 Nitrogenous Fertilizers Industry SA 120 W A Hoek's Machine·en Phosphoric Fertilizers Industry Ltd Zuurstoffabriek NV 161

(SA) 120 Windmill Holland B.V. 161 SICNG SA 120 LIECHTENSTEIN Zuid·Chemie BV 161 Viopharm SA 121

Swarovski AG 141 NORWAY

ITALY

LUXEMBOURG Aker A/S 165 ACNA CHIMICA ORGANICA SpA 125 Apothekernes Laboratorium A/S 165 Agip Petroli SpA 125 Bj"lsen Valsem"lIe A/S 165 AGIPCOVENGAS SpA 125 Borregaard Industries Ltd 165 Agrimont SpA 125 Du Pont de Nemours (Luxembourg) Bryn·Halden & Nitedals·Gruppen 165 Alusuisse Italia SpA 125 SA 145 Den Norske Stats OljBselskap A/S 165

276

INDEX: By Country

Dyno Industrier A.S 165 ERT 186 ST AL Refrigeration AB 198 Esso Norge a.s 166 Espanola del Oxigeno, Sociedad, SA 182 Statoil Petrokemi AB 198 Felleskjepet -Trondheim 166 Esso, Grupo, SA 183 Sunds Defibrator AB 198 Mellesentralen lIS 166 Exxon Chemical Iberia SA 183 Supra AB 199 Nora Industrier A.S. 166 Foret SA 183 Svenska BP AB 199 Norol 168 Fosforico Espanol SA 183 Svenska Hoechst AB 199 Norsk Hydro a.s. 167 Gallina Blanca Purina SA 183 Svenska Lantmiinnens Riksforbund 199 Norsk Olje a.s 168 Grupo Esso SA 183 Svenska Shell Koncernen 199 Norske Fina A/S 168 Henkel Iberica, SA 183 Svenska Unilever 200 Norske Shell (A/S) 168 Hoechst Iberica 183 Swedish Farmers' Supply & Crop Norzink AS 168 ICI Espana SA 184 Marketing Association 199 Orkla Borregaard A.S (following Industrias Agricolas, Compania de, Swedish Match AB 200

merger of Orkla Industrier A.s & SA 184 Vargon Alloys AB 200 Borregaard A.S in Oct 1986) Intercontinental Quimica SA 184 Viistsvenska Lantmiin For UPA 200 Parent Company of The Orkla INTERQUISA lB4 Zander & Ingestrom AB 201 Borregaard Group 16B PETRESA 184

Securus Industrier A-S 169 Petroleos del Mediterrimeo, SA lB4 STATOIL 169 Petroleos del Norte SA lB4 Stats Oljeselskap, Den Norske, A/S 169 PETROMED 184 Stormellen Salgsaksjeselskap 169 PETRONOR lB4 SWITZERLAND Tinfos Jernverk A/S 169 Petroquimica Espanola SA 184 Tofte Industrier A/S 170 Productos Quimicos del

Mediterraneo SA 185 3M (Schweiz) AG 205 PROQUIMED 185 AGIP (Suisse) SA 205 Quimidroga SA lB5 Aluminium Suisse SA 205

PORTUGAL Repsol Butano SA 185 Alusuisse 205 Repsol Petroleo SA (formerly Bally International Ltd 206

EM PETROL) 185 Bally Schuhfabriken AG 206 Repsol Quimica 185 BASF (Schweiz) AG 206

BASF Portuguesa Lda 173 Repsol SA 186 Bayer (Schweiz) AG 206 CNP 173 Rio R6dano SA 186 BP (Schweiz) AG 206 Companhia Industrial de Resinas Rio Tinto, Union Explosives, SA 186 Buhler Brothers Ltd 206

Sinteticas, Cires Sari 173 Sandoz SAE 187 Buss AG 207 Companhia Nacional de SEFANITRO SA 187 Chemische Fabrik Schweizerhall 207

Petroquimica, EP 173 SE~ lB2 Ciba-Geigy AG 207 Empresa da Polimeros de Sines SA 173 Shell, Sociedad Petrolifera Espanola, Cilag Ltd 208 EPSI 173 SA 187 Dolder AG 208 Fibras Sinteticas de Portugal Sa 173 Sociedad Espanola de Carburos Dow (Europe) SA 209 FISIPE 173 Metalicos SA lB7 Dr R Maag Ltd 209 Gist Brocades Lda 173 Sociedad Espanola de Fabricaciones Du Pont de Nemours International SA 209 Hoechst Portuguesa SA 174 Nitrogenadas SA 187 Ems-Chemie Holding AG 209 PETROGAL 174 Sociedad Espanola del Oxigeno SA 188 Firmenich SA 209 Petroleos de Portugal, EP 174 Sociedad Petrolifera Espanola Shell Fischer, Georg, AG Schaffhausen 209 Petroquimica e Gas de Portugal, E.P. 174 SA 188 Georg Fischer AG Schaffhausen 210 Quimigal-Quimica de Portugal, EP 174 Solvay & Cie SA 188 GIVAUDAN, L, & Cie SA 210 Resinas Sinteticas, Cires, Companhia TAQSA 188 Gurit-Heberlein AG 210

Industrial de, Sari 175 Tarragona Quimica SA 188 Henkel & Cie AG 210 SAPEC-Produits et Engrais Tioxide Espana SA 188 Hoffmann-La Roche & Co AG (F) 210

Chimiques du Portugal SA 175 Torras Hostench, SA 188 ICI (Switzerland) AG 210 Shell Portuguesa Sari 175 Union Explosives Rio Tinto SA 18B Kundig, W, & Cie AG 211 Sociedade Nacional de Detergentes L GIVAUDAN & Cie SA 211

Sari 175 Landverband 211 Sociedade Nacional de Sab6es Lda 175 Lonza AG 211 Soda Povoa Sari 175 Maag, Dr R, Ltd 211 SONADEL 175 SWEDEN MBT Holding AG 211 Uniao Industrial nxtil e Quimica Merck AG 212

Uniteca SA 176 Meyhall Chemical AG 212

Ada AB 191 Montedison (Suisse) SA 212

AGA Group 191 Oerlikon-Buhrle Holding AG 212 Roche, Hoffmann-La, & Co AG (F) 213

AIIort & Cronholm (AB) 191 Sandoz Ltd 214

SPAIN Arosbygdens Lantman Forening UPA 191 Scheller Handel AG 215

Axel Johnson AB 191 Schubarth + Co AG 215 Bahco, Investment AB, 192 Schweizerische Aluminium AG 205 BASF Svenska AB 192

3M Espana SA 179 Bayer Sverige AB 192 Shell (SWitzerland) 215

Agropecuaria de Guissona, SCoop Bergman & Beving AB 192 Siber Hegner Holding AG 215

Ltda 179 Calor-Celsius AB 193 Siegfried AG 216

AHV 179 Casco Nobel AB 193 SSF Dottikon 216

Aiscondel SA 179 Cementa AB 193 Sulzer Brothers Ltd 216

Altos Hornos de Vizcaya SA 179 Custos (AB) 193 Swiss Aluminium Ltd 205 Swiss Explosives Works Ltd 216

Babcock & Wilcox Espanola SA 180 Du Pont Scandinavia AB 194 UCAR 216

BASF Espanola SA 180 Eka Nobel AB 194 Union des Cooperatives Agricoles

Bayer Hispania Comercial SA 180 Fermenta AB 194 Romandes 216

Bayer Hispania Industrial SA 180 Hansson, HB Elof, 194 Verband Landw Genossenschaften

CAMPSA 180 Hasselfors AB 194 des Kanton St Gallen und

CEPSA 180 HB Elof Hansson 195 Genachbarter Gebiete 211

Cia Arrendataria Del Monopolio de Investment AB Bahco 195 Verband Ostschweiz Landwirtschaftl

Petroleos SA 180 Johnson, Axel, AB 195 Genossenschaften 217

Ciba-Geigy SA 181 Karlshamns AB 195 VOLG 217

CO FARES. S. COOP 181 Kemi-lntressen AB 195 W Kundig & Cie AG 217

Comercial de Potasas SA 181 Korsniis AB 196 Compania de Industrias Agricolas SA 181 Lantmiinnen i Sormland Ek. For 196

Zuellig International Ltd 217

Compania Espanola de Petroleos SA 180 Miilardalens Lantmiin Ek. For. 196 Cooperativa Farmaceutica Espanola NCB 197

S. Coop 181 Neste Polyeten AB 196 CPC Espana SA lBl Nobel Industries Sweden AB 196 UNITED KINGDOM Cros SA 181 Norrlands Skogsiigares Cellulosa AB 197 Dow Chemical Iberica SA 182 Norsk Hydro Sverige AB 197 Du Pont Iberica SA 182 OK Petroleum AB 197 Empresa Nacional de Fertilizantes 182 Perstorp AB 197 3M United Kingdom PLC 221 Energia e Industrias Aragonesas SA 182 Scanraff 198 A H Marks & Company Ltd 221 EN FER SA 182 Skandinaviska Raffinaderi AB 198 Air Products PLC 221

277

INDEX: By Country

Akzo Chemicals Holdings Ltd 221 Johnson Matthey PLC 247 Albright & Wilson Ltd 221 Kalon Group PLC 248 Alexander, Walter, PLC 222 Kelsey Industries PLC 248 Allied Colloids Group PLC 222 Lane Brothers Tar Distillers Ltd 248 Amalgamated Metal Corporation PLC 222 Lankro Chemicals Ltd 248 Amersham International pic 223 Laporte Industries (Holdings) PLC 249 Amoco (U.K.) Ltd 223 LASMO 250 Anchor Chemical Group PLC 223 LEP Group pic 249 Anglo Nordic Holdings PLC 223 Lilly Industries Ltd 250 APV pic 224 Locker, Thomas, (Holdings) PLC 250 Associated British Industries PLC 224 London & Scottish Marine Oil PLC 250 Associated Octel Company Ltd 225 Marks, A H, & Company Ltd 250 Atkinson, T, & Son (Corn Merchants) May & Baker Ltd 251

Ltd 225 McKechnie pic 251 ATOCHEM UK HOldings Ltd 225 Merck Holding Ltd 251 Attock Oil Company Ltd 225 Merck Sharp & Dohme (Holdings) Ltd 251 Baird, William, PLC 225 Mobil Oil Company Ltd 252 Banks, Sidney C, pic 226 Monsanto p.l.c. 252 Banner, Samuel, and Co Ltd 226 Morgan Crucible Co pic (The) 252 BASF United Kingdom Ltd 226 Motherwell Bridge Group 253 Bayer UK Ltd 226 Mowlem, John, & Company PLC 253 Benlox Holdings Pic 226 MTM Pic 253 Blagden Industries PLC 227 Murex Ltd 253 Blandford & Webb Group Ltd 227 Norsk Hydro (UK) Ltd 254 BOC Group piC (The) 227 OCS Group Ltd 254 Borden (UK) Ltd 228 Pauls piC 254 BP Chemicals Ltd 228 Pertwee Holdings Ltd 255 BP PLC 229 Petrofina (UK) Ltd 255 Brent Chemicals International PLC 228 Phillips Imperial Petroleum Ltd 255 British Alcan Aluminium pic 228 Phillips Petroleum Co UK Ltd 255 British Petroleum Company piC (The) 229 Portals Holdings PLC 255 BSS Group PLC 229 Roche Products Ltd 256 BTP PLC 230 Rohm and Haas (UK) Ltd 256 Bullough PLC 230 RTZ Corporation PLC (The) 257 Burmah Oil PLC (The) 231 Samuel Banner and Co Ltd 257 Canning, W, piC 231 Sandoz Products Ltd 257 Carless PLC 232 Schering Holdings Ltd 257 Central and Sheerwood PLC 232 Scottish Agricultural Industries PLC 257 Century Oils Group PLC 232 Shell Chemicals UK Ltd 258 CH Industrials PLC 232 'Sheil' Transport and Trading Chamberlain Phipps PLC 233 Company p.l.c. (The) 258 CIBA-GEIGY PLC 233 Shell U.K. Limited 258 Coalite Group PLC 233 Sidney C Banks pic 258 Coates Brothers PLC 234 Silkolene Lubricants PLC 259 Combustion Engineering Ltd 234 Simon Engineering pic 259 CONOCP Ltd 234 Staveley Industries piC 259 Cookson Group pic 234 Steetley pic 260 Corning Ltd 235 Sterling-Winthrop Group Ltd 260 Costain Group PLC 235 Sutcliffe Speakman PLC 260 Courtaulds piC 235 T Atkinson & Son (Corn Merchants) CPC (United Kingdom) Ltd 236 Ltd 261 Croda International Pic 236 T&N piC 261 Cyanamid of Great Britain Limited 237 Tate & Lyle PLC 261 Dalgety PLC 237 Tennants ConSOlidated Ltd 262 Diamond Shamrock Europe Ltd 237 Texaco Ltd 262 Dow Chemical Co Ltd 237 Thomas Locker (Holdings) PLC 262 Dow Corning Ltd 238 Thomson T -Line PLC 262 Du Pont (UK) Ltd 238 Tioxide Group PLC 263 Ellis & Everard pic 238 Total Oil Great Britain Ltd 263 Elswick PLC 238 Trafalgar House Public Limited Emhart International Ltd 238 Company 263 Engelhard Ltd 239 UCB (Investments) Ltd 264 Esso UK pic 239 UKF Fertilisers Ltd 264 Evered Holdings PLC 239 Ultramar PLC 264 Evode Group pic 239 Unigate PLC 264 Exchem PLC 240 Unilever PLC 265 Exxon Chemical Ltd 240 Union Carbide UK Ltd 266 Fisons pic 240 United Distillers pic 266 Foseco Minsep pic 241 W Canning pic 266 Foster Wheeler Ltd 241 W R Grace Ltd 266 Fuerst Day Lawson Holdings Ltd 241 Walter Alexander PLC 266 Gates Rubber Company Limited Well come pic 266

(The) 242 Wellman pic 267 George Wimpey PLC 242 William Baird PLC 267 Grace, W R, Ltd 242 Wimpey, George, PLC 267 Guinness PLC 242 Wyeth, John, & Brother Ltd 268 Gulf Oil (Great Britain) Ltd 243 Yorkshire Chemicals pic 268 Hanson PLC 243 Harrisons & Crosfield pic 243 Hays pic 244 Hercules Ltd 244 Hewlett-Packard Ltd 244 Hickson International PLC 245 Hoechst UK Ltd 245 Honeywell Ltd 245 Hopkinsons Holdings PLC 245 Humphreys & Glasgow Ltd 246 Hunting Petroleum Services pic 246 Hydro Fertilizers Ltd 246 ICI 247 Imperial Chemical Industries PLC 247 John Mowlem & Company PLC 247 John Wyeth & Brother Ltd 247

278

major chemical and petrochemical companies of europe 1989/90

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