VINCI PLC Report & Accounts 2004

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Principal Subsidiary Undertakings at 31st December 2004

Construction Norwest Holst Construction Limited *John Jones (Excavation) Limited *Norwest Holst Soil Engineering Limited *Crispin & Borst Limited *Simplex Foundations Limited

Engineering Services and Facilities Management Rosser & Russell Building Services Limited VINCI Services Limited *VINCI Partnerships Limited Manufacturing Conren Limited

PFI VINCI (Holdings) Limited VINCI Investments Limited ** Total School Solutions Limited *DPA Support Services Limited ** Total School Solutions (Sandwell) Limited **V.B. Limited

Group Administration and Services *Haldan Indemnity Limited (Incorporated in Guernsey) VINCI Fleet Services Limited VINCI Property Limited VINCI Insurance Services Limited VINCI PLC holds 100% of the ordinary share capital and voting rights of the above companies (unless otherwise stated). *100% of the ordinary share capital and voting rights held by a subsidiary undertaking ** 50% of the ordinary share capital and voting rights held by a subsidiary undertaking Unless otherwise stated, the above companies are incorporated in Great Britain.

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