1.

Snow + Rock Sports Limited
On 14 September 2010, the Group acquired 74% of the of the ordinary share capital and £31m of loan notes issued by Snow + Rock Sports Limited. No goodwill has arisen in respect of this transaction. The value of the brand has been calculated using a discounted cash flow methodology and recognised at fair value at date of acquisition. Investment property is stated at the fair value at acquisition date. Since 14 September 2010, Snow + Rock Limited has contributed £4m to Group consolidated profit before tax, before the offsetting change in the unallocated divisible surplus (UDS), due to the Company being owned by the UK with-profits fund. Snow + Rock Sports Limited would have contributed £9m to Group consolidated profit before tax (excluding the impact on UDS) if the acquisition had occurred on 1 January 2010.

2.

Amber Taverns Limited
On 12 October 2010 the Group acquired 83% of the ordinary share capital and £16m of loan notes issued by Amber Taverns Limited. No goodwill has arisen in respect of this transaction. Investment property is stated at the fair value at acquisition date. Since 12 October 2010, Amber Taverns Limited has contributed £nil to Group consolidated profit before tax. Amber Taverns Limited would have contributed £2m to Group consolidated profit before tax (excluding the impact on UDS) if the acquisition had occurred on 1 January 2010.