Annual Report 2010 - CMVM

Notes to the Consolidated Financial Statements as at 31 December 2010Company name Head office Effective percentageholdingSociedade Hotel Tivoli, Lda. Av. 25 de Setembro, 1321 65.00%MaputoTIVOLI BEIRA - Hotelaria e Serviços, Lda. Av. 24 de Julho, 141 98.63%MaputoNAMIBIACEMENT, CONCRETE AND AGGREGATESKARIBIB Portland Cement (PTY) (d) P O Box 9574 Windhoek 49.40%NamibiaKPC Trading and Services (d) P O Box 2143 Windhoek 29.64%NamibiaSQUIRREL Investments 115 PTY, Ltd (d) P O Box 2143 Windhoek 49.40%NamibiaRUSSIACONCESSIONS AND SERVICESMMK Cement, Limited Liability Company (d) Murmansk 36.40%RussiaUKRAINECEMENT, CONCRETE AND AGGREGATESLimited Liability Company Cement Khutorskya Str., 70 52.00%OdessaVENEZUELACONSTRUCTIONTEGAVEN - Teixeira Duarte y Asociados, C.A. (a) Av. Este, 6 - Edif. Centro Parque 31.71%Carabobo, Piso 6, Of. 601 - CaracasVenezuela(a) The Group controls these subsidiaries through the subsidiary Teixeira Duarte - Engenharia e Construções, S.A.(b) The Group controls these subsidiaries through the subsidiary TDARCOL - SGPS, S.A.(c) The Group controls these subsidiaries through the subsidiary PTG - SGPS, S.A.(d) The Group controls these subsidiaries through the subsidiary C + P.A. - Cimento e Produtos Associados, S.A.5 - CHANGES IN THE CONSOLIDATION PERIMETERDuring the year ended on 31 December 2010, no companies entered or left the consolidation perimeter, relative to the consolidation perimeter as at 31 December 2009.168