Read AS PER ANNOUNCEMENT OF 4 MARCH 2005 text version

LIST OF COMPANIES WITHIN THE WUTHELAM GROUP WHICH ARE DEEMED TO HAVE AN INTEREST IN THE SHARES OF I.R.E. CORPORATION LTD BY VIRTUE OF BEING ASSOCIATED WITH NIPPON PAINT (SINGAPORE) CO PTE LTD, NIPPON PAINT (HK) CO LTD & YENOM HOLDINGS PTE LTD PURSUANT TO SECTION 7 OF THE COMPANIES ACT Sr No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Name of Substantial Shareholder Wuthelam Holdings Limited Nipsea Holdings International Ltd Nipsea Chemical Co. Ltd Nipsea Chemical (Shanghai) Co Ltd Exim 66 Exterprise Pte Ltd Nippon Paint Phillippines Inc Nipsea Holdings (M'sia) Sdn Bhd Nippon Paint (Thailand) Co Ltd Nippon Paint (Vietnam) Co Ltd Hua Joo Seng Enterprise Bhd Nippon Paint (Malaysia) Sdn Bhd Nipsea Hardware (M) Sdn Bhd Regional Business Publication Sdn Bhd Quality Polymer Sdn Bhd Desa Baiduri Sdn Bhd Paint Marketing Co (M) Sdn Bhd Nipsea Pte Ltd Nippon Paint (China) Co Ltd Langfang Nippon Paint Co Ltd Suzhou Nippon Paint Yashili Co., Ltd Nippon Paint Guangdong Co Ltd Guangzhou Nippon Paint Co., Ltd Wuthelam International Investment Ltd Wuthelam Industries (S) Pte Ltd Delteq (M) Sdn Bhd Wuthelam Indochina Ltd Wuthelam Holdings Pte Ltd Nipsea Technologies Pte Ltd PCTS Specialty Chemicals Pte Ltd Kolapis Pte Ltd Jonesworld Industries Ltd Ritsuji Company Ltd Castle Development Pte Ltd Quality Colour Cards Pte Ltd Yenom Industries Pte Ltd Yenom Labelstocks Pty Limited Yenom (Thailand) Co., Ltd

38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

Yenom Industries Malaysia Sdn Bhd Grace Technologies Pte Ltd Kureoka Enterprise Pte Ltd Sea Farer Venture Pte Ltd Yenomland Pte Ltd Eastside Development Pte Ltd Northland Industries Pte Ltd SMP Investment Pte Ltd Red Star Development Ltd Skyland Venture Ltd Paint Marketing Co Philippines Inc PMC (TU) Inc Wuthelam International Holdings Pte Ltd First Industries Corp Thurloe Ltd Rainbow Light Ltd Wuthelam Management Services (M) Sdn Bhd Wigetworks Pte Ltd Suzhou Nippon Paint Co., Ltd Nippon Paint (ChongQing) Chemical Co Ltd Yenom Labelstocks (Sydney) Pty Ltd Epimetheus Limited Pianissimo Limited

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