ICI » Topics » A. History and development of the company.

This excerpt taken from the ICI 20-F filed Mar 31, 2006.
A.    History and development of the company.

The following information which appears under Item 18 “Financial Statements” of this Annual Report on Form 20-F is incorporated herein by reference: the information set forth under the heading “Notes relating to the Group accounts – Note 24 – Disposal and legacy, and restructuring provisions – Disposal and legacy provisions”, which appears on pages 91 and 92 under Item 18; the information set forth under the heading “Notes relating to the Group accounts – Note 29 – Acquisitions and disposals – Disposals”, which appears on pages 100 and 101 under Item 18; and the information set forth in the table addressing commitments for capital expenditure under the heading “Notes relating to the Group accounts – Note 32 – Commitments and contingent liabilities”, which appears on pages 111 and 112 under Item 18.

In addition, the following information, which appears in the Company’s Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006 is incorporated herein by reference: the information set forth under the heading “ICI Group summary”, which appears on page 4 thereof; the information set forth under the headings “History and activities – History”, “History and activities – Spread and balance of activities” and “Strategy – ICI’s strategic matrix”, which appears on pages 6 and 7 thereof; and the information set forth under the heading “Operating and financial review – Capital expenditure”, including the table entitled “Group expenditure on property, plant and equipment and intangible assets”, which appears on page 28 thereof. Group capital expenditure currently in progress includes investments in new facilities in China for the International Businesses, including new manufacturing facilities for Paints and National Starch and a regional technical centre for Quest; the construction of a new Paints plant in Vietnam; and investments in manufacturing facilities to expand capacity in the Regional and Industrial businesses in Pakistan.

In addition, the following information, which appears in the Company’s Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006 is incorporated herein by reference: the information set forth under the headings “Shareholder information – Incorporation of the Company” and “Shareholder information – Registered Office”, which appears on page 154 thereof.

B.    Business overview.

The information set forth in the tables entitled “Business segments” and “Geographical segments” under the heading “Notes relating to the Group accounts – Note 4 – Segment information”, which appears on pages 66 to 70 of Item 18 “Financial Statements” of this Annual Report on Form 20-F, is incorporated herein by reference.

In addition, the following information, which appears in the Company’s Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006 is incorporated herein by reference: the information set forth under the headings “History and activities”, which appears on page 6 thereof; the information under the headings “ICI Group and its businesses – Group Organisation”, “ICI Group and its businesses – National Starch”, “ICI Group and its businesses – Quest”, “ICI Group and its businesses – Uniqema”, “ICI Group and its businesses – ICI Paints” and “ICI Group and its businesses – Regional and Industrial”, which appears on pages 9 to 14 thereof; the information under the headings “ICI Group and its businesses – Other Group information – Markets and distribution”, “ICI Group and its businesses – Other Group information – Competition”, “ICI Group and its businesses – Other Group information – Seasonality”, “ICI Group and its businesses – Other Group information – Sources and availability of raw materials” and “ICI Group and its businesses – Other Group information – Intellectual property”, which appears on page 19 thereof; the information under the heading “ICI Group and its businesses – Sustainability – Regulation, safety, security, health and the environment”, which appears on pages 15 to 16 thereof; and the information under the heading “ICI Group and its businesses – Sustainability – Environment”, which appears on page 17 thereof.

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C. Organizational structure.

The information set forth under the heading “Principal subsidiary undertakings”, which appears on page 131 under Item 18 “Financial Statements” of this Annual Report on Form 20-F, is incorporated herein by reference.

D. Property, plants and equipment.

ICI operates production, marketing and research and development facilities worldwide. The following information setting forth individual business descriptions, which appears in the Company’s Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006, is incorporated herein by reference: the information set forth in the second and third paragraphs under the heading “ICI Group and its businesses – National Starch – Background”, which appears on page 9 thereof; the information set forth in the second, third and fifth paragraphs under the heading “ICI Group and its businesses – National Starch – Strategic developments in 2005”, which appears on pages 9 and 10 thereof; the information set forth under the heading “ICI Group and its businesses – Quest –Background”, which appears on page 10 thereof; the information set forth in the first and fourth paragraphs under the heading “ICI Group and its businesses – Quest – Strategic developments in 2005”, which appears on page 11 thereof; the information set forth in the second paragraph under the heading “ICI Group and its businesses – Uniqema – Background”, which appears on page 12 thereof; the information set forth in the first and second paragraphs under the heading “ICI Group and its businesses – Uniqema – Strategic developments in 2005”, which appears on page 12 thereof; the information set forth in the second paragraph under the heading “ICI Group and its businesses – ICI Paints – Background”, which appears on page 13 thereof; the information set forth in the third paragraph under the heading “ICI Group and its businesses – ICI Paints – Strategic developments in 2005”, which appears on page 14 thereof; the information set forth under the heading “ICI Group and its businesses – Regional and Industrial – Brief description of activities”, which appears on page 14 thereof; and the information set forth under the heading “ICI Group and its businesses – Regional and Industrial – Strategic developments in 2005”, which appears on page 14 thereof. ICI owns substantially all of its properties, free of material encumbrances, and it believes such properties are adequate for their purposes and suitably utilised according to the individual nature and requirements of the relevant properties.

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