<PAGE>
 
                         CERTAIN BENEFICIAL OWNERS

     The following information relates to the holders of the Company's voting
securities known to the Company on March 23, 1994 to own beneficially 5% or more
of any class of the Company's voting securities. For the purposes of this Proxy
Statement, beneficial ownership of securities is defined in accordance with the
rules of the Securities and Exchange Commission (the "Commission") to mean
generally the power to vote or dispose of securities, regardless of any economic
interest therein.

<TABLE> 
<CAPTION> 
                                                          Shares Owned      Percent  
Title of Class     Name and Address                       Beneficially     of Class 
- --------------     ----------------                       ------------     -------- 
<S>                <C>                                    <C>              <C>     
Common Stock       Malcolm I. Glazer                       51,976,923(1)      32.8 
                   1482 South Ocean                                                
                   Boulevard                                                       
                   Palm Beach, Florida 33480                                            
                                                                                   
                   Norex America, Inc.                     15,696,124(2)       9.9 
                   P.O. Box 429                                                    
                   Hamilton, Bermuda  HM-BX                                              
                                                                                   
                   Trust Company of the                    12,006,108(3)       7.6 
                   West                                                            
                   865 South Figueroa St.,                                         
                   Ste. 1800                                                       
                   Los Angeles, California  90017                                                           
                                                                                   
                   Peter M. Holt                           11,875,021(4)       7.5 
                   Holt Avenue and                                                 
                   South W.W. White Rd                                             
                   San Antonio, Texas   78222                                                           
                                                                                   
                   Bank of America National                 8,045,927          5.1  
                     Trust and Savings Association     
                   555 California Street, 2nd Floor    
                   San Francisco, California  94104    

$6.00 Preferred    Francis C. Haynie                            3,558          7.9
Stock              8654 Rio Grande Road
                   Richmond, Virginia  23229

$2.00 Preference   Larry A. Reiten                                150          5.7
Stock              Route 1, Box 297
                   Bayfield, Wisconsin  54814
</TABLE>

 
___________________
(1)  All such shares are owned by the Malcolm I. Glazer Trust.
(2)  Includes 1,300,000 shares held by Prosperity Investments,
     Inc., a private investment company, the president of which
     is also the president of Norex America, Inc. ("Norex
     America") and the management of which is provided by a
     subsidiary of Norex Plc, which shares voting and investment
     power over such shares with the board of directors of such
     investment company (Norex Plc owns approximately 48.3% of
     the outstanding capital stock of Norex).  Norex Plc and
     Norex America disclaim any beneficial interest with respect
     to such 1,300,000 shares.

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