Pantheon Leisure plc ("Pantheon")

USG holds 85.87% of the issued share capital of Pantheon which in turn owns 100% of the operating business of Pantheon's sport and leisure division.

Pantheon's sports and leisure division comprises two trading companies, Sport in Schools Limited ('ESS'), also known as The Elms Sport in Schools, and Football Partners Limited ('FPL') - also known as The Elms Small Sided Football.

Sport in Schools Limited ('ESS' - Elms Sport in Schools)

ESS specialises in the delivery of primary school sport - covering the National Curriculum during the day and The Extended Day before and after school hours (breakfast, lunchtime and after-school clubs).

The majority of the breakfast and lunchtime clubs are provided and paid for by the school, whilst the majority of after-school clubs are paid for by parents.

Holiday camps are a successful area for ESS where it provides sports tuition during the school holidays. The majority of the camps are paid for by parents, whilst a few are paid for by the school.

The ESS directors have developed bespoke skill sets which have been adopted with great enthusiasm by its full time staff and part time coaches. They coach over 20,000 children each week and on average coach between 12 to 25 hours a week. All coaches are highly qualified (minimum level 2), DBS checked, Child protection vetted and are rigorously trained by ESS in all the main disciplines required by the National Curriculum. The management of ESS constantly monitors and assesses the level of performance of coaches throughout the school year.

Ultimate Sports Group continues to recognise the performance of the children through specialised skill set assessments dedicated to each individual child and operates under the brand of Ultimate Player.

Football Partners Limited ('FPL')

The 6 and 7-a-side football operation enjoys full FA accreditation and operates (conducted through FPL) 23 leagues each week in and around London.