2007 Reference Document for Groupe Eurotunnel SA PDF file size

7. ORGANISATIONAL STRUCTUREGET SA is the new holding company of Eurotunnel Group, the linch-pin of the Reorganisation.EGP is an English law company wholly owned by GET SA with the exception of the shares held by each of thedirectors of EGP and the EGP Preferred Share. In accordance with the terms of the Safeguard Plan, on theClosing Date, all of the Tier 3 Debt and the Notes were transferred to EGP in consideration for, in particular, theissue by EGP of the NRS.TNU SA and TNU PLC are the companies which hold FM and CTG respectively. Their shares are joined as Units(each comprising one share of each company).FM and CTG jointly own the Concession to operate the Tunnel: these two companies have created apartnership called ‘‘Eurotunnel’’. FM and CTG are currently the borrowing entities under the financingagreements. FM and EFL were the borrowing entities under the former credit agreements.Eurotunnel Developments Limited is the entity responsible for the development of all properties in theUnited Kingdom which are not used in connection with the operation of the System. Gamond InsuranceCompany Limited is an entity entirely controlled by CTG, which is registered with the register of commerce inGuernsey and whose sole purpose is to provide Eurotunnel Group with insurance against acts of terrorism.Gamond Insurance Company Limited takes out reinsurance with Pool Re. ESGIE and ESL are charged withmanaging the personnel employed by Groupe Eurotunnel.Two French companies, Eurotunnel Participations 1 SAS and Eurotunnel Participations 2 SAS do not have anyoperating activities.The Cheriton Resources companies are finance or investment companies, mostly inactive. Le Shuttle Holidays Limited was a British tour operator which became inactive in 1998.The EurotunnelPlus companies are distribution entities for the freight services. From 1 January 2008, thebusiness activities of the subsidiaries EurotunnelPlus Distribution SAS, EurotunnelPlus SAS, EurotunnelPlus SLand EurotunnelPlus GmbH were transferred to Eurotunnel SE, with the business transfer of EurotunnelPlus B.V.anticipated during 2008. Prior to these transfers, FM sold all its shares in EurotunnelPlus Distribution toEurotunnel SE. These transfers were achieved by a universal transfer of the assets and liabilities ofEurotunnelPlus Distribution, which had previously received the assets and liabilities of EurotunnelPlus SAS andEurotunnelPlus SL by way of a universal transfer on 1 January 2008 via our asset deal betweenEurotunnelPlus GmbH and Eurotunnel SE on 11 January 2008.Europorte 2, which holds a rail operator licence, started its activities on 26 November 2007. Eurotunnel TrusteesLimited is no longer active.41