Colony Holdings Ltd.

None observed in current sources.

• ■
  Bermuda Air Conditioning Limited

  shareholder of
• ■
  EMS Bermuda Limited

  shareholder of
• ■
  Airkool Properties Ltd.

  shareholder of
• ■
  Mills Creek Properties Ltd.

  shareholder of
• ■
  Ocean Synergy Limited

  shareholder of
• ■
  Bermuda Alternate Energy Limited

  shareholder of