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FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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AFFILIATED COMPANIES AND INVESTMENTS IN EUROS<br />

Corporate name: PARIS PROVINCES PROPERTIES<br />

Amount concerning the companies<br />

In which the<br />

company<br />

Item<br />

Affiliated Companies has interest<br />

Advances and deposits collected on fixed assets<br />

Investments 2,374,153<br />

Receivables related to investments<br />

Loans<br />

Advances and deposits paid on orders<br />

Accounts receivable and related accounts<br />

Other receivables 4,590,906<br />

Unpaid subscribed and called-up capital<br />

Convertible bond loans<br />

Other bond loans<br />

Debts/loans granted by credit institutions 41,249,059<br />

Other financial loans and debts<br />

Advances and deposits collected on orders in-progress<br />

Accounts payable and related payables<br />

Debts on fixed assets and related accounts<br />

Other liabilities 95,647<br />

Income from investments<br />

Other financial income<br />

Financial expenses 2,951,559<br />

PPMPP S.a.r.l.<br />

Introduction<br />

PPMPP S.a.r.l. (‘‘PPMPP’’) was incorporated in Paris on 8 March 2002 (registered number 441 220 274)<br />

as a limited liability company under the laws of France. The registered office of PPMPP is at 36 avenue<br />

Hoche, 75008 Paris. The authorised share capital of PPMPP is u3,007,500, divided into 3,007,500 ordinary<br />

shares of u1 each, 3,007,499 of which are fully paid up and are held by SARL Paris <strong>Properties</strong> and 1 of<br />

which is fully paid up and is held by SAS SPCR.<br />

Principal Activities<br />

The principal objects of PPMPP are set out in Article 2 of its Articles of Incorporation, which provides<br />

that the objects of the company include, inter alia:<br />

– the purchase, either for consideration or by means of contribution of all or part of commercial or<br />

industrial properties, developed or undeveloped, and any other properties of an equivalent nature, as<br />

well as the financing and refinancing by all means of such transactions;<br />

– the construction, fitting-out, administration, management and renting as well as the execution of any<br />

agreement relating thereto;<br />

– the purchase, subscription, possession and transfer of shares in any existing or future company whose<br />

activity is dedicated to the purchase, ownership, use, administration and management, by means of<br />

renting the properties or otherwise, of properties to be built on plots of land which have been<br />

purchased beforehand, or of any other property the company may own. The purchase or subscription<br />

of shares of any company whose main object is to facilitate directly or indirectly the possession of<br />

commercial or industrial properties, whether already built or to be built, with a view to renting such<br />

properties;<br />

– any transactions (whether property related or not) which directly or indirectly further the aims of one<br />

of the above mentioned objects, or are useful or necessary for the management of the assets of the<br />

company or which may facilitate the above objects, and namely:<br />

• borrowing or more generally raising funds, by itself or with other companies (whether the<br />

company is liable on a several basis or on a joint and several basis with the other companies<br />

pursuant to such transactions);<br />

170

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