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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 2)(1)
AHL Services, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock ($.01 par value)
- --------------------------------------------------------------------------------
(Title of Class of Securities)
001296-10-2
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Graeme P. Denison, Caledonia Investments plc, Cayzer House,
1 Thomas More St., London England E1 9LE (44-171-481-4343)
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 16, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of Pages)
- ----------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(SC13D-07/98)
<PAGE>
CUSIP No. 001296 10 2 13D Page 2 of 20 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TAPIR INVESTMENTS (BAHAMAS) LTD.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________
4 SOURCE OF FUNDS*
WC, AF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
THE BAHAMAS
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,102,000
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,102,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,102,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.82%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
<PAGE>
CUSIP No. 001296 10 2 13D Page 3 of 20 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CALEDONIA INDUSTRIAL & SERVICES LIMITED
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
_______________________________________________________________________________
<PAGE>
CUSIP No. 001296 10 2 13D Page 4 of 20 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CALEDONIA INVESTMENTS (BERMUDA) LIMITED
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________
4 SOURCE OF FUNDS*
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
<PAGE>
CUSIP No. 001296 10 2 13D Page 5 of 20 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CALEDONIA INVESTMENTS PLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________
4 SOURCE OF FUNDS*
NOT APPLICABLE
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,102,000
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,102,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,102,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.82%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
<PAGE>
CUSIP No. 001296 10 2 13D Page 6 of 20 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
THE CAYZER TRUST COMPANY LIMITED
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________
4 SOURCE OF FUNDS*
NOT APPLICABLE
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,102,000
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,102,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,102,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.82%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
<PAGE>
CUSIP No. 001296 10 2 13D Page 7 of 20 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STERLING INDUSTRIES PLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
_____________________________________________________
4 SOURCE OF FUNDS*
NOT APPLICABLE
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,102,000
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,102,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,102,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.82%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934
Introduction
On May 1, 1997, Caledonia Investments (Bermuda) Limited ("Cal
Bermuda") and certain affiliated entities filed a statement on Schedule 13D (the
"Cal Bermuda Statement") in connection with an investment by Cal Bermuda in the
common stock of AHL Services, Inc. (the "Issuer"). Subsequently, Cal Bermuda
acquired in an open market transaction an additional 2,000 shares of the common
stock of the Issuer. On November 4, 1997, Cal Bermuda purchased from the Issuer
250,000 shares of the Issuer's common stock ($0.01 par value). Accordingly, Cal
Bermuda and certain affiliated entities amended, restated and supplemented the
Cal Bermuda Statement previously filed by Cal Bermuda and certain affiliated
entities with Amendment No. 1 to the Cal Bermuda Statement, filed on November 7,
1997. On December 16, 1998, Tapir Investments (Bahamas) Ltd. purchased 1,102,000
shares of the common stock of the Issuer from Cal Bermuda at Cal Bermuda's
historic book cost of approximately $12.5 million. Accordingly, Cal Bermuda and
its affiliates, Caledaria Investments plc, Caledonia Industrial & Services
Limited, the Cayzer Trust Company Limited and Sterling Industries plc, hereby
further amend, restate and supplement the Cal Bermuda Statement previously filed
with respect to the Issuer. In addition, Tapir hereby reports on its initial
filing of a Statement or Schedule 13D its acquisition of the Common Stock of the
Issuer from Cal Bermuda.
________________________________________________________________________________
ITEM 1. SECURITY AND ISSUER.
This Statement relates to the common stock ($.01 par value) ("Common
Stock") of AHL, Services, Inc. (the "Issuer"). The principal executive offices
of the Issuer are located at 3353 Peachtree Road NE, Suite 1120, North Tower,
Atlanta, GA 30326.
________________________________________________________________________________
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this Statement (the "Reporting Persons"), the
persons enumerated in Instruction C of Schedule 13D (the "Additional Persons")
and, where applicable, their respective places of organization, directors,
executive officers and controlling persons, and the information in respect of
such persons, are as follows:
(a) This Statement is filed by (i) Tapir Investments (Bahamas) Ltd.
("Tapir") as the direct beneficial owner of the Common Stock previously
referenced on pages 2 through 7; (ii) Caledonia Investments plc ("Caledonia") as
an indirect beneficial owner of this Common Stock given that Caledonia is the
holder of all of the outstanding capital stock of Tapir; (iii) The Cayzer Trust
Company Limited ("Cayzer Trust") and Sterling Industries PLC ("Sterling") as
indirect beneficial owners of this Common Stock given that their respective
direct holdings of the securities of Caledonia represent indirect holdings of
the stock of Tapir; (iv) Caledonia Investments (Bermuda) Limited ("Cal Bermuda")
as a former direct beneficial owner of the Common Stock; and (v) Caledonia
Industrial & Services Limited ("CIS"), as the holder of all of the outstanding
capital stock of Cal Bermuda (collectively all these entities are the "Reporting
Persons").
<PAGE>
Prior to December 16, 1998, Cal Bermuda was the registered and direct
beneficial holder of approximately 7.82% of the outstanding common stock of the
Issuer (adjusted for shares outstanding as of November 16, 1998). CIS is the
holder of all of the outstanding stock of Cal Bermuda. Caledonia is the holder
of all of the outstanding common stock of CIS. Cayzer Trust holds 27.2% of the
outstanding common stock of Caledonia and 45.4% of the outstanding common stock
of Sterling. Sterling holds 9.6% of the outstanding common stock of Caledonia.
CIS, in turn, holds 27.2% of the outstanding common stock of Sterling. Together,
Cayzer Trust and Sterling may be deemed to control Caledonia and, hence, CIS and
Cal Bermuda. Cayzer Trust and Sterling disclaim beneficial ownership of Cal
Bermuda, Caledonia or CIS.
As of December 16, 1998, Tapir is the direct beneficial holder of
approximately 7.82% of the outstanding Common Stock of the Issuer. Caledonia is
the holder of all of the outstanding capital stock of Tapir. Cayzer Trust holds
27.2% of the outstanding common stock of Caledonia and 45.4% of the outstanding
common stock of Sterling. Sterling holds 9.7% of the outstanding common stock of
Caledonia. Together, Cayzer Trust and Sterling may be deemed to control
Caledonia and, hence, Tapir. Cayzer Trust and Sterling disclaim beneficial
ownership of Caledonia or Tapir.
(b) The principal business address of Cal Bermuda is Cedar House, 41
Cedar Avenue, Hamilton HM 12, Bermuda. The principal business address of Tapir
is Sandringham House, 83 Shirley Street, P.O. Box N-3247, Nassau, New
Providence, The Bahamas. The principal business address for both Caledonia and
Cayzer Trust is Cayzer House, 1 Thomas More Street, London, England E1 9LE. The
principal business address of Sterling is Sterling House, Crewkerne, Somerset,
England TA 18 8LL. The addresses of the officers and directors of the Reporting
Persons are set forth on Schedule A hereto and are incorporated herein by
reference.
Tapir is an investment holding company.
Cal Bermuda is an investment holding company.
CIS is an investment holding company.
Caledonia is a diversified trading and investment company.
Cayzer Trust is an investment holding company.
Sterling is an engineering company.
(c) Certain additional information about the officers and directors of
the Reporting Persons is set forth on Schedule A hereto and is incorporated
herein by reference.
(d) During the last five years, neither any Reporting Person nor any
Additional Persons, according to any of the Reporting Person's knowledge, have
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
<PAGE>
(e) During the last five years, neither any Reporting Person, nor any
of the Additional Persons, according to any of the Reporting Person's knowledge,
have been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree, or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Tapir is a corporation organized under the laws of The Bahamas. Cal
Bermuda is a corporation organized under the laws of Bermuda. CIS, Caledonia,
Cayzer Trust and Sterling are corporations organized under the laws of England.
Each of the Additional Persons is a citizen of The United Kingdom, except for S.
Deal, P.C. Dunkley, P.T. Higgs and H.T. Lunn who are citizens of The Bahamas, T.
Amissah-Furbert, who is a citizen of Ghana, and A.S. Morris, who is a citizen of
Bermuda.
________________________________________________________________________________
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
850,000 shares of the Common Stock were acquired by Cal Bermuda
directly from the Issuer on April 2, 1997 upon delivery of shares in the initial
public offering of the Issuer utilizing existing cash resources of Cal Bermuda,
2,000 shares were acquired in the market by Cal Bermuda on October 13, 1997 and
250,000 shares were acquired in a public offering by the Issuer completed on
November 4, 1997. On December 16, 1998, Tapir purchased 1,102,000 shares of AHL
Services, Inc. from Cal Bermuda at Cal Bermuda's historic book cost bringing Cal
Bermuda's holdings of the Issuer's Common Stock to zero. Approximately $12
million of the funds used by Tapir to purchase the shares of the Issuer from Cal
Bermuda were obtained through an issuance and sale by Tapir of shares of its
capital stock to its parent company, Caledonia (which utilized cash-on-hand
working capital to purchase the shares of Tapir). The remainder of the funds
used to purchase the Issuer's shares from Cal Bermuda were provided by Tapir's
working capital.
________________________________________________________________________________
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of the acquisition of the Common Stock by Tapir is to
acquire and maintain an equity interest in the Issuer for investment purposes.
Any Reporting Person, may, from time to time, increase, reduce or dispose of its
investment in the Issuer, depending on general economic conditions, economic
conditions in the markets in which the Issuer operates, the market price of the
Common Stock of the Issuer, the availability of funds, borrowing costs, other
opportunities available to the Reporting Person, the strategic value of the
investment to the Reporting Person and other considerations.
________________________________________________________________________________
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Tapir is the direct beneficial owner of 1,102,000 shares of Common
Stock of the Issuer.
<PAGE>
This holding represents approximately 7.82% of the total of 14,096,522
shares of Common Stock currently outstanding according to the Issuer's quarterly
report on Form 10Q for the quarter ended September 30, 1998 filed on November
16, 1998 ("Issuer 10Q"). By virtue of the relationships described in Item 2,
Caledonia, Cayzer Trust and Sterling may be deemed to share indirect beneficial
ownership of the shares of Common Stock owned directly by Tapir. Cayzer Trust
and Sterling disclaim all such beneficial ownership.
(b) Except as disclosed above in response to Item 3, there have been no
transactions in shares of Common Stock by any Reporting Person.
(c) Tapir has the right to receive and the power to direct receipt of
dividends from the shares of Common Stock of the Issuer that it holds.
(d) On December 16, 1998, Cal Bermuda ceased to be the direct
beneficial owner of more than five percent of the Common Stock of the Issuer
pursuant to Cal Bermuda's transfer of 1,102,000 shares of the Issuer's Common
Stock to Tapir. In addition, as a result of such transfer of the Issuer's Common
Stock, CIS ceased to be an indirect beneficial owner of more than five percent
of the Issuer's Common Stock.
________________________________________________________________________________
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
________________________________________________________________________________
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 - Written Agreement Relating to the Filing of Joint
Statement Pursuant to Exchange Act Rule 13d-1(k).
________________________________________________________________________________
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
December 28, 1998 TAPIR INVESTMENTS (BAHAMAS) LTD.
BY: /s/ Peter T. Higgs
NAME: Peter T. Higgs
TITLE: Director
December 28, 1998 CALEDONIA INVESTMENTS (BERMUDA) LIMITED
BY: /s/ Peter Bubenzer
NAME: Peter Bubenzer
TITLE: Director
December 28, 1998 CALEDONIA INDUSTRIAL & SERVICES LIMITED
BY: /s/ G.P. Denison
NAME: G.P. Denison
TITLE: Company Secretary
December 28, 1998 CALEDONIA INVESTMENTS PLC
BY: /s/ G.P. Denison
NAME: G.P. Denison
TITLE: Company Secretary
December 28, 1998 THE CAYZER TRUST COMPANY LIMITED
BY:/s/ M.G. Wyatt
NAME: M.G. Wyatt
TITLE: Director
December 28, 1998 STERLING INDUSTRIES PLC
BY:/s/ Sir David Kinloch
NAME: Sir David Kinloch
TITLE: Director
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
<PAGE>
SCHEDULE A TO SCHEDULE 13D
(I) DIRECTORS AND OFFICERS OF TAPIR INVESTMENTS (BAHAMAS) LTD.
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
- ---- --------- -------------------- -----------
<S> <C> <C> <C>
P. N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
S. Deal Sandringham House Lawyer Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
P. C. Dunkley Sandringham House Lawyer Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
P. T. Higgs Sandringham House Lawyer Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
H. T. Lunn Sandringham House Legal Assistant Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
</TABLE>
<PAGE>
(II) DIRECTORS AND EXECUTIVE OFFICERS OF CALEDONIA INVESTMENTS (BERMUDA) LIMITED
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
- ---- --------- -------------------- -----------
<S> <C> <C> <C>
P. Bubenzer Forseti's Place Lawyer United Kingdom
4 Turtle Bay Crescent
Southampton SN01
Bermuda
M.J. Spurling 448 Shek O Village Lawyer United Kingdom
Hong Kong
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, United Kingdom
London, SW3 4QS Caledonia Investments plc
England
M. Thornhill 9, Kellett View Lawyer United Kingdom
65-69 Mt. Kellett Road
The Peak
Hong Kong
J.M. Keyes Midvale Lawyer United Kingdom
8 Tribe Road No. 1
Devonshire DV 06
Bermuda
T. Amissah-Furbert 8 Garthowem Road Lawyer Ghanaian
Devonshire DV 07
Bermuda
A.S. Morris 5 Collectors Hill Lawyer Bermudan
Smith's FL 01
Bermuda
Mrs. R. Johnson 7 Harlem Heights Rd. Company Secretary United Kingdom
Bailey's Bay
Ham Parish CR 04
Bermuda
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(III) DIRECTORS AND EXECUTIVE OFFICERS F CALEDONIA INDUSTRIAL & SERVICES LIMITED
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
- ---- --------- -------------------- -----------
<S> <C> <C> <C>
P.N. Buckley 6 Albert Place Chairman & United Kingdom
London W8 5PD Chief Executive,
England Caledonia Investments plc
J. H. Cartwright Rectory Meadow Finance Director, United Kingdom
Hawthorn Place Caledonia Investments plc
Penn,
Buckinghamshire
HP10 8EH, England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire, OX73DG
England
G. P. Denison 16 Highfield Road Company Secretary, United Kingdom
Hertford Caledonia Investments plc
Hertfordshire
SG13 8BH
England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, United Kingdom
London SW3 4QS Caledonia Investments plc
England
M. G. Wyatt Pippin Park Deputy Chairman, United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk, CB8 9PP
England
</TABLE>
<PAGE>
(IV) DIRECTORS AND EXECUTIVE OFFICERS OF CALEDONIA INVESTMENTS PLC
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
- ---- --------- -------------------- -----------
<S> <C> <C> <C>
P.N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
J. Burnett-Stuart Ardmeallie House Retired United Kingdom
Huntley
Aberdeenshire
AB54 5RS, Scotland
J. H. Cartwright Rectory Meadow Finance Director, United Kingdom
Hawthorn Place, Penn Caledonia Investments plc
Buckinghamshire
HP10 8EH, England
Lord Cayzer The Grove President, United Kingdom
Walsham-le-Willows Caledonia Investments plc
Suffolk, England
N. K. Cayzer Thriepley House Non Executive Director, United Kingdom
Lundie, Dundee Oriel Group plc
Scotland Stuart House
Queens Gate
Britannia Road
Waltham Cross
Hertfordshire, EN8 7TF
England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
G. P. Denison 16 Highfield Road Company Secretary, United Kingdom
Hertford Caledonia Investments plc
Hertfordshire
SG13 8BH, England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, Caledonia United Kingdom
London, SW3 4QS Investments plc
England
J. R. H. Loudon Olantigh Finance Director, United Kingdom
Wye Blue Circle Industries PLC
Ashford 84 Eccleston Square
Kent, England London, SW1V 1PX
TN25 5EW England
M. G. Wyatt Pippin Park Deputy Chairman, United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
<PAGE>
(V) DIRECTORS AND EXECUTIVE OFFICERS OF THE CAYZER TRUST COMPANY LIMITED
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
- ---- --------- -------------------- -----------
<S> <C> <C> <C>
G. A. Adkin Marsh Farm Cottage Retired United Kingdom
Mapperton, Beaminster
Dorset DT8 3NP
England
P. N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
Lord Cayzer The Grove President, United Kingdom
Walsham-le-Willows Caledonia Investments plc
Suffolk, England
Hon. C. W. Cayzer Finstock Manor Executive Director, United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
Sir James Cayzer Kinpurnie Castle Landowner United Kingdom
Newtyle, Angus
Scotland
The Hon. Mrs. N. Colvin Tangley House, Andover None United Kingdom
Hampshire
SP11 OSH, England
J. I. Mehrtens 51 Oxenden Wood Road Company Secretary, United Kingdom
Chelsfield Park The Cayzer Trust Company Limited
Orpington,
Kent BR6 6HP, England
M. G. Wyatt Pippin Park Deputy Chairman, United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
<PAGE>
(VI) DIRECTORS AND EXECUTIVE OFFICERS OF STERLING INDUSTRIES PLC
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
- ---- --------- -------------------- -----------
<S> <C> <C> <C>
D. Blunn The Barn, Park Farm Finance Director, United Kingdom
Marston Magna Somerset Sterling Industries PLC
TA22 8AX, England
P. N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
H. W. Denman The Penthouse Retired United Kingdom
Old Avenue
St. Georges Hill
Weybridge
Surrey, KT13 OQB
England
D. Diggins Fairgarden Chief Executive, United Kingdom
Unity Lane Sterling Industries PLC
Misterton, Crewkerne
Somerset TA18 5NA
England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive, United Kingdom
London, SW3 4QS Caledonia Investments plc
England
M. G. Wyatt Pippin Park Deputy Chairman United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
