Company Interests


The Company has the following interests in subsidiary undertakings:

Name Country of Incorporation Nature of Business % Interest

Strathtay Ventures Limited (i)

Scotland Dormant 100%

Caledonia Portfolio Realisations Limited (i)

Scotland Investment management 100%

Caledonia LP Limited (i)

Scotland Dormant 100%

Strathclyde Innovation Fund GP Limited (i)

Scotland Dormant 100%

Caledonia Specialist Finance Limited (i)

Scotland Dormant 100%

Braveheart Academic Seed Funding GP Limited (i)

England Investment management 100%

Braveheart Nominees Limited (ii)

Scotland Dormant 100%

Ridings Holdings Limited (ii)

England Investment management 100%

The Ridings Early Growth Investment Company Limited (ii)

England Investment management 100%

Paraytec Limited

England Development of high performance specialist detectors 51%

Kirkstall Limited

England Biotechnology 65%

(i) Direct subsidiary of Braveheart Investment Group plc
(ii) Indirect subsidiary of Braveheart Investment Group plc