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16 Subsidiaries

Note contents

The companies listed below include all those which principally affect the result and net assets of the Group. A full list of subsidiaries, joint ventures and associates will be annexed to the next Annual Return to Companies House. The principal country of operation in respect of the companies below is the country in which they are incorporated.

National Express Group PLC is the beneficial owner of all the equity share capital, either itself or through subsidiaries, of the companies. The Group’s train passenger services in the UK are operated through franchises awarded by DfT Rail, as delegated by the UK Government.

Incorporated in England and Wales
National Express Limited Administration and marketing of express coach services in Great Britain
Eurolines (UK) Limited Administration and marketing of express coach services to Europe
Airlinks Airport Services Limited Operation of coach services
National Express Rail Replacement Limited Operation of coach services
The Kings Ferry Limited Operation of coach services
West Midlands Travel Limited Operation of bus services
Travel London Limited Operation of bus services
Travel London (West) Limited Operation of bus services
Travel London (Middlesex) Limited Operation of bus services
c2c Rail Limited Operation of train passenger services
Central Trains Limited Operation of train passenger services (ceased operating** on 10 November 2007)
Gatwick Express Limited Operation of train passenger services (ceased operating** on 22 June 2008)
London Eastern Railway Limited
(trading as National Express East Anglia)
Operation of train passenger services
Maintrain Limited Provision of train maintenance services (ceased operating** on 10 November 2007)
Midland Main Line Limited Operation of train passenger services (ceased operating** on 10 November 2007)
National Express Trains Limited* Holding company for train operating companies
NXEC Trains Limited (trading as National Express East Coast) Operation of train passenger services (commenced trading on 9 December 2007)
Silverlink Train Services Limited Operation of train passenger services (ceased operating** on 10 November 2007)

*Shares held by the Company. All other shares held by subsidiaries.

**These businesses ceased operating train passenger services or maintenance services on the dates noted above. However the companies continue to trade as going concerns.

Incorporated in Scotland
Tayside Public Transport Co Limited (trading as Travel Dundee) Operation of bus services
Incorporated in the USA
Durham School Services LP Operation of school bus services
Incorporated in Canada
Stock Transportation Limited Operation of school bus services
Incorporated in Spain
Dabliu Consulting SLU*** Holding company for operating companies
Tury Express SA*** Holding company for operating companies
General Tecnica Industrial SLU*** Holding company for operating companies
Continental Auto SLU Holding company for operating companies

***The main holding companies of the Alsa Group.