Euro Tech Holdings Company Limited

Euro Tech Holdings Company Limited is listed on NASDAQ (CLWT). Item 4A. History and Development of the Company The Company was organized under the laws of the British Virgin Islands on September 30, 1996 for the purposes of raising capital and for acquiring all the outstanding capital stock of Euro Tech (Far East) Limited, a Hong Kong corporation (Far East). The Company successfully completed a public offering (Public Offering) receiving net proceeds of approximately US$1,817,000, in March 1997. Contemporaneously, the Company acquired all the issued and outstanding capital stock of Far East and it became a wholly-owned subsidiary and the primary operational entity of the Company. Far East was established in 1971 and has been in continuous operation since that time. See Item 5. Operating and Financial Review and Prospects.

EuroBancshares Inc.

EuroBancshares Inc. is listed on NASDAQ (EUBK). We are a diversified financial holding company headquartered in San Juan, Puerto Rico, offering a broad array of financial services through our wholly owned banking subsidiary, Eurobank, and our wholly owned insurance subsidiary, EuroSeguros. As of December 31, 2004, we had, on a consolidated basis, total assets of $2.1 billion, net loans and leases of $1.4 billion, total deposits of $1.4 billion, and stockholders equity of $158.3 million. On May 3, 2004, we acquired all of the capital stock of The Bank & Trust of Puerto Rico (BankTrust), a commercial bank headquartered in San Juan, Puerto Rico with approximately $522.0 million in assets. Eurobank is a full-service Puerto Rico commercial bank with 21 branches located throughout the Island.

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