JOTUN A/S
76
Shares in joint ventures and associated companies
17
Shares held directly by the parent company
(SHARE CAPITAL AND FACE VALUE IN THOUSAND)
Company City Country Currency Share No. of Face Book value Stake
capital shares value NOK %
Jotun COSCO Marine Coatings (HK) Ltd. Hong Kong China HKD 279 150 2 000 139 575 34 231 50.00
Jotun Saudia Co. Ltd. Dammam Saudi Arabia SAR 18 500 7 400 7 400 39 274 40.00
Jotun Powder Coat. Saudi Arabia Co. Ltd. Dammam Saudi Arabia SAR 28 600 85 800 8 580 25 612 30.00
Chokwang Jotun Ltd. Busan South Korea KRW 24 340 000 1 217 000 12 170 000 81 937 50.00
Jotun U.A.E. Ltd. (LLC) Dubai UAE AED 4 000 2 000 1 660 108 929 41.50
Jotun Abu Dhabi Ltd. Abu Dhabi UAE AED 4 000 4 000 1 400 28 061 35.00
Jotun Yemen Paints Ltd. Aden Yemen YER 562 207 20 000 78 709 710 14.00
Shares held by Jotun A/S for third parties –301
Total 318 453
Shares held by subsidiaries and associated companies
(SHARE CAPITAL AND FACE VALUE IN THOUSAND)
Company City Country Currency Share No. of Face Stake
capital shares value %
Jotun Paints Co. L.L.C.
Jotun Yemen Paints Ltd. Aden Yemen YER 562 207 20 000 123 686 22.00
Jotun Saudia Co. Ltd.
Jotun Yemen Paints Ltd. Aden Yemen YER 562 207 20 000 95 575 17.00
Jotun U.A.E. Ltd. (LLC)
Jotun Abu Dhabi Ltd. Abu Dhabi UAE AED 4 000 4 000 1 600 40.00
Jotun COSCO Marine Coatings (HK) Ltd.
Jotun COSCO Marine Coatings (Qingdao) Co Qingdao China CNY 250 973 – 250 973 100.00
Jotun Powder Coatings U.A.E. Ltd.
Jotun Powder Coat. Saudi Arabia Co. Ltd. Dammam Saudi Arabia SAR 28 600 85 800 11 440 40.00
Jotun Powder Coatings AS
Jotun Powder Coatings U.A.E. Ltd. Dubai UAE AED 3 000 3 000 1 410 47.00
For extended information regarding joint ventures and associated companies, see Jotun Group’s note 2.
Financial investments
18
(SHARE CAPITAL AND FACE VALUE IN THOUSAND)
Company City Country Currency Share No. of Face Book value Stake
capital shares value NOK %
Nor-Maali OY Lahti Finland EUR 8 10 000 3 8 180 33.44
Other companies 548
Total 8 728