PANA GROUP OF COMPANIES AND ITS ACTIVTIES

SINGAPORE

1) PANA HARRISON REINSURANCE BROKERS PTE LTD

2) PANA INSURANCE BROKERS PTE LTD

3) PANA TRADING PTE LTD

4) RECOVERIES MANAGEMENT PTE LTD

PHILIPPINES

5) PANA MARKETING & DEVELOPMENT CORPORATION

6) PANA REINSURANCE SERVICES INC

PAKISTAN

7) PANA ASSOCIATES CO PVT LTD

MALAYSIA

8) PANA ASSOCIATES (M) SDN BHD

9) PANA MANAGMENT (L) LTD

CAMBODIA

10) PANA TRADING (CAMBODIA) CO LTD

BRUNEI

11) UNITED PACIFIC INSURANCE SDN BHD