JOTUN GROUP
50
19 List of subsidiaries
Shares held directly by the parent company
(SHARE CAPITAL AND FACE VALUE IN THOUSAND)
Company City Country Currency Share No. of Face Stake
capital shares value %
Jotun Algerie S.A.R.L Algiers Algerie DZD 1 060 000 106 000 742 000 70.00
Jotun Australia Pty. Ltd. Melbourne Australia AUD 9 350 16 050 001 9 350 100.00
Jotun Bangladesh Ltd Dhaka Bangladesh BDT 596 846 3 124 999 596 786 99.99
Jotun Brasil Imp., Exp. E Ind De Tintas Ltda. Rio De Janeiro Brazil BRL 456 000 000 455 999 999 456 000 000 100.00
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 34 000 3 400 000 23 800 70.00
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 8 350 1 8 350 100.00
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 134 567 653 283 179 76 205 662 56.63
Jotun (Ireland) Ltd. Cork Ireland EUR 640 503 613 640 100.00
Jotun Italia S.R.L. 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 382 000 41 800 362 900 95.00
Jotun Libya J.S.Co. Tripoli Libya LYD 7 184 65 000 5 747 80.00
Jotun (Malaysia) Sdn.Bhd. Kuala Lumpur Malaysia MYR 48 000 48 000 002 48 000 100.00
Jotun Paints (Malaysia) Sdn. Bhd. Kuala Lumpur Malaysia MYR 50 000 50 000 000 50 000 100.00
Jotun Maroc SARL D Associe Unique Casablanca Morocco MAD 65 000 650 000 65 000 100.00
Jotun Mexico, S.A. de C.V. Veracruz Mexico MXN 26 414 2 625 976 2 625 976 99.42
Jotun Myanmar Services Company Limited Yangon Myanmar MMK 1 302 500 128 948 1 289 475 99.00
Jotun Myanmar Company Limited Yangon Myanmar MMK 15 995 987 11 912 049 15 994 387 99.99
Jotun B.V. Spijkenisse Netherlands EUR 1 316 29 001 1 316 100.00
Jotun Powder Coatings AS Sandefjord Norway NOK 87 000 87 000 87 000 100.00
Scanox AS Drammen Norway NOK 4 000 20 000 4 000 100.00
Jotun Paints Co. L.L.C. Muscat Oman OMR 250 15 500 155 62.00
Jotun Pakistan (Private) Limited Karachi Pakistan PKR 645 084 52 657 349 645 084 100.00
Jotun (Philippines) Inc Manila Philippines PHP 780 651 15 463 695 780 651 100.00
Jotun Polska Sp.z o.o. Gdansk 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 1 446 107 – 1 446 107 100.00
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 115 719 218 115 719 100.00
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 MEIA FZ-LLC Dubai UAE AED 50 000 50 50 000 100.00
Jotun Paints (Europe) Ltd Flixborough UK GBP 7 500 7 500 000 7 500 100.00
Jotun Paints Inc. New Orleans USA USD 101 100 200 101 100 100.00
Jotun Paints Vietnam Co. Ltd. Ho Chi Minh City Vietnam VND 258 921 490 – 258 921 490 100.00