Principal joint ventures
at December 31, 2004

Incorporated within the UK – held by subsidiary undertakings
  Class % of class
held		   % of total
equity held
Civil aerospace
TRT Limited A Ordinary — } 49.5
Turbine blade repair services B Ordinary 100
Turbine Surface Technologies Limited A Ordinary — } 50
Turbine surface coatings B Ordinary 100
Defence
Airtanker Holdings Limited Ordinary 20   20
Holding company        
Rolls-Royce Snecma Limited (UK & France) A Shares — } 50
Engine collaboration B Shares 100
Rolls-Royce Turbomeca Limited (UK & France) A Shares — } 50
Adour and RTM322 engines collaboration B Shares 100
Turbo-Union Limited (UK, Germany & Italy) Ordinary 40 } 40
RB199 engine collaboration A Shares 37.5
Energy
Genistics Holdings Limited A Ordinary 100 } 50
Holding company of Genistics Limited B Ordinary —
Rolls Wood Group (Repair and Overhauls) Limited A Ordinary 100 } 50
Repair and overhaul B Ordinary —
Financial services and corporate
Alpha Partners Leasing Limited A Ordinary 100 } 50
Engine leasing B Ordinary —


Incorporated overseas – held by subsidiary undertakings
    Class % of class
held		   % of total
equity held
Civil aerospace
China Xian XR Aero Components Co Limited Ordinary 49   49
  Manufacturing facility for aero-engine parts        
Hong Kong Hong Kong Aero Engine Services Limited1 Ordinary 45   45
  Repair and overhaul        
Israel TechJet Aerofoils Limited1 A Ordinary 50 } 50
  Manufacture of compressor aerofoils B Ordinary 50
Saudi Arabia Middle East Propulsion Company Limited2 Ordinary 16.7   16.7
  Repair and overhaul        
Singapore International Engine Component Overhaul Pte Limited1 Common 50   50
  Repair and overhaul        
Singapore Singapore Aero Engine Services Private Limited1 (effective interest 39%) Ordinary 30   30
  Repair and overhaul        
Spain Industria de Turbo Propulsores SA Ordinary 46.9   46.9
  Manufacture and maintenance of aero engines        
Switzerland IAE International Aero Engines AG (UK, Germany, Japan & USA) A Shares 100 } 32.5
  V2500 series engine collaboration B Shares —
    C Shares —
    D Shares —
USA Data Systems & Solutions, LLC3 Partnership 50   —
  Advanced controls and predictive data management        
USA Texas Aero Engine Services, LLC4 Partnership 50   —
  Repair and overhaul        
USA Williams-Rolls Inc.5 (UK & North America) Common 15   15
  Small engine collaboration        
Defence
Germany EPI Europrop International GmbH (Germany) (effective interest 35.5%) Ordinary 28   28
  A400M engine collaboration        
Germany EUROJET Turbo GmbH (UK, Germany, Italy & Spain) (effective interest 39%) Ordinary 33   33
  EJ200 engine collaboration        
Germany MTU, Turbomeca, Rolls-Royce GmbH (UK, France & Germany) Ordinary 33.3   33.3
  MTR390 engine collaboration        
Financial services and corporate
Isle of Man Pembroke Group Limited6 (Eire) Ordinary 50   50
  Aircraft leasing        
USA Alpha Leasing (US) LLC7 Partnership 50   —
  Engine leasing        
USA Alpha Leasing (US) (No. 2) LLC7 Partnership 50   —
  Engine leasing        
USA Exostar LLC8 Partnership 17.6   —
  B2B exchange        
USA Rolls-Royce & Partners Finance (US) LLC7 Partnership 50   —
  Engine leasing        


Unincorporated overseas – held by subsidiary undertakings
Civil aerospace
USA Light Helicopter Turbine Engine Company (LHTEC)
  Rolls-Royce Corporation has a 50% interest in this unincorporated partnership which was formed to develop and market jointly the T800 engine.
 
1 The interests are held by Rolls-Royce Overseas Holdings Limited.
2 The interest is held by Middle East Equity Partners Limited.
3 The partner is Rolls-Royce Control Systems Holdings Co.
4 The partner is Rolls-Royce Engine Services Holdings Co.
5 The interest is held by Rolls E.L. Turbofans Limited.
6 The interest is held by Larten Limited.
7 The partner is Rolls-Royce Finance Holdings Co.
8 The partner is Rolls-Royce Investment Co.
 
The countries of principal operations are stated in brackets after the name of the company.