Western Selection currently has significant interests in four main Core Holdings which are summarised below:

	Listing	Ownership
Northbridge Industrial Services PLC	AIM	13.57%
Bilby Plc	AIM	5.5%
Swallowfield PLC	AIM	16.5%
Tudor Rose International Limited	Unquoted	49.5%

Western also owns 48.6% of City Group PLC and 29.9% of Industrial & Commercial Holdings PLC (“ICH”). Both of these companies are unquoted.