Company Interests


The Company has the following interests in subsidiary undertakings:

Name Country of Incorporation Nature of Business % Interest

Caledonia Portfolio Realisations Limited (i)

Scotland Investment management 100%

Braveheart Academic Seed Funding GP Limited (i)

England Investment management 100%

Ridings Holdings Limited (i)

England Investment management 100%

The Ridings Early Growth Investment Company Limited (ii)

England Investment management 100%

Paraytec Limited (i)

England Development of high performance specialist detectors 100%

Kirkstall Limited (i)

England Biotechnology 80%

Pharm 2 Farm Ltd (i)

England Fine Chemicals 51%

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