42 JOTUN GROUP 18 LIST OF SUBSIDIARIES SHARES HELD DIRECTLY BY THE PARENT COMPANY (SHARE CAPITAL AND VALUES IN NOK THOUSAND) SHARE NO. OF FACE STAKE COMPANY CITY COUNTRY CURRENCY CAPITAL SHARES VALUE % Jotun Algerie S.A.R.L Algiers Algerie DZD 335 000 12 110 234 500 70.00 Jotun Australia Pty. Ltd. Melbourne Australia AUD 9 350 16 050 001 9 350 100.00 Jotun Bangladesh Ltd Dhaka Bangladesh BDT 225 655 999 900 225 632 99.99 Jotun Brasil Imp.. Exp. & Rio De Janeiro Brazil BRL 280 000 279 999 999 280 000 100.00 Ind De Tintas Ltda. Jotun (Cambodia) LTD Phnom Penh Cambodia USD 200 1 000 200 100.00 Jotun Paints (HK) Ltd. Hong Kong China CNY 93 884 110 334 615 93 884 100.00 Jotun Cyprus Ltd. Limassol Cyprus USD 9 723 1 000 9 723 100.00 Jotun Danmark A/S Kolding Denmark DKK 3 300 45 3 300 100.00 El-Mohandes Jotun S.A.E. Cairo Egypt EGP 20 000 139 000 13 900 69.50 Jotun Powder Coatings LLL Cairo Egypt EGP 5 30 1 10.00 Jotun France S.A.S. Paris France EUR 320 16 000 320 100.00 Jotun (Deutschland) Gmbh Hamburg Germany EUR 614 1 200 512 83.33 Jotun Hellas Ltd. Glyfada Greece EUR 343 11 138 334 97.40 Jotun Insurance Cell St.Peterport Guernsey NOK 1 350 1 1 350 100.00 Jotun India Private Ltd. Mumbai India INR 4 227 790 184 515 002 4 076 435 96.42 P.T. Jotun Indonesia Jakarta Indonesia IDR 104 223 850 272 000 103 650 619 99.45 PT Jotun Powder Coatings Indonesia Jakarta Indonesia IDR 30 343 803 6 050 1 517 190 5.00 Jotun (Ireland) Ltd. Cork Ireland EUR 640 503 613 640 100.00 Jotun Italia S.p.A. Trieste Italy EUR 2 632 509 099 2 632 100.00 Jotun Kazakhstan LLP. Almaty Kazakhstan KZT 29 350 1 29 350 100.00 Jotun Kenya Limited Nairobi Kenya KES 176 000 41 800 167 200 95.00 Jotun Libya J.S.Co. Tripoli Libya LYD 7 184 65 000 5 747 80.00 Jotun Paints (Malaysia) Sdn. Bhd. Kuala Lumpur Malaysia MYR 50 000 50 000 000 50 000 100.00 Jotun (Malaysia) Sdn.Bhd. Kuala Lumpur Malaysia MYR 48 000 48 000 002 48 000 100.00 Jotun Mexico. S.A. de C.V. Veracruz Mexico MXN 11 392 99 11 278 99.00 Jotun Maroc SARL D Associe Unique Casablanca Morocco MAD 33 000 330 000 33 000 100.00 Jotun Myanmar Services Yangon Myanmar MMK 1 302 500 100 000 1 289 475 99.00 Company Limited Jotun Myanmar Company Limited Yangon Myanmar MMK 5 035 589 299 611 5 035 086 99.99 Jotun B.V. Spijkenisse Netherlands EUR 1 316 29 001 1 316 100.00 Scanox AS Drammen Norway NOK 4 000 20 000 4 000 100.00 Jotun Powder Coatings AS Sandefjord Norway NOK 87 000 87 000 87 000 100.00 Jotun Paints Co. L.L.C. Muscat Oman OMR 250 15 500 155 62.00 Jotun Pakistan (Private) Limited Lahore Pakistan PKR 146 124 2 761 349 146 124 100.00 Jotun (Philippines) Inc Manila Philippines PHP 780 651 15 463 695 780 651 100.00 Jotun Polska Sp.zo.o. Gdynia Poland PLN 8 900 15 000 8 900 100.00 Jotun Romania SRL Voluntari City Romania RON 640 64 000 640 100.00 Jotun Paints OOO St.Petersburg Russia RUB 971 107 – 971 107 100.00 Jotun (Singapore) Pte. Ltd. Singapore Singapore SGD 6 000 6 000 000 6 000 100.00 Jotun Paints South Africa (Pty) Ltd. Cape Town South Africa ZAR 85 719 158 85 719 100.00 Jotun Iberica S.A. Barcelona Spain EUR 9 103 86 845 9 103 100.00 Jotun Sverige AB Gothenburg Sweden SEK 4 000 80 000 4 000 100.00 Jotun Thailand Ltd. Bangkok Thailand THB 93 000 92 997 93 000 100.00 Jotun Boya Sanayi ve Ticaret A.S. Istanbul Turkey TRY 8 130 30 000 000 8 130 100.00 Jotun Paints (Europe) Ltd Flixborough UK GBP 7 500 7 500 000 7 500 100.00 Jotun Paints Inc. New Orleans US USD 89 600 100 89 600 100.00 Jotun Paints Vietnam Co. Ltd. Ho Chi Minh City Vietnam VND 258 921 490 – 258 921 490 100.00 The voting interest corresponds to the share interest.
Jotun Annual Report 2016
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