**Exhibit8.1**

 

The following table setsforth our subsidiaries as at December 31, 2003:

 

**Specificationof shares in subsidiaries**

 
| **Company name**                                 |   | **Domicile**      |   | **Country of  incorporation** |   | **No. of  shares** |   | **Share of  capital %** |
|--------------------------------------------------|--------|-------------------|--------|-------------------------------|--------|--------------------|--------|-------------------------|
|                                             |   |              |   |                          |   |               |   |                    |
| Alfa Laval Special  Finance AB                   |   | Lund              |   | Sweden                        |   |               |   | 100                     |
| Alfa  Laval Holding AB                           |   | Lund              |   | Sweden                        |   |               |   | 100                     |
| **Alfa  Laval Holding AB**                       |   | Lund              |   | Sweden                        |   | 12,500,000         |   | 100                     |
| Alfa Laval NV                                    |   | Maarssen          |   | Netherlands                   |   | 227,754            |   | 100                     |
| Alfa  Laval Inc                                  |   | Newmarket         |   | Canada                        |   | 1,000,000          |   | 67                      |
| Alfa Laval S.A. DE C.V.                          |   | Tlalnepantla      |   | Mexico                        |   | 45,057,057         |   | 100                     |
| Alfa  Laval S.A.                                 |   | San Isidro        |   | South Africa                  |   | 699                |   | 100                     |
| Alfa  Laval S/A                                  |   | Sao Paulo         |   | Brazil                        |   |               |   | 100                     |
| Roston  do Brasil Ltda                           |   | Sao Paulo         |   | Brazil                        |   | 5,249              |   | 100                     |
| Alfa  Laval S.A.C.I.                             |   | Santiago          |   | Chile                         |   | 2,735              |   | 100                     |
| Alfa Laval S.A.                                  |   | Bogota            |   | Colombia                      |   | 12,195             |   | 100                     |
| Alfa Laval S.A.                                  |   | Lima              |   | Peru                          |   | 4,346,832          |   | 100                     |
| Alfa Laval Venezolana S.A.                       |   | Caracas           |   | Venezuela                     |   | 10,000             |   | 100                     |
| Alfa Laval Oilfield C.A.                         |   | Caracas           |   | Venezuela                     |   | 203                |   | 81                      |
| Alfa  Laval Phe Co Ltd                           |   | Jiang Yin         |   | China                         |   |               |   | 100                     |
| Alfa  Laval Flow Equipment (Kunshan) Co Ltd |   | Jiangsu           |   | China                         |   |               |   | 100                     |
| Alfa  Laval (Shanghai) Technologies Co Ltd       |   | Shanghai          |   | China                         |   |               |   | 100                     |
| Alfa  Laval Taiwan Ltd                           |   | Taipei            |   | Taiwan                        |   | 1,499,994          |   | 100                     |
| Alfa Laval (Hongkong) Ltd                        |   | Hongkong          |   | Hongkong                      |   | 79,999             |   | 100                     |
| Alfa Laval (China) Ltd                           |   | Hongkong          |   | Hongkong                      |   | 9,999              |   | 100                     |
| PT Alfa Laval Separatama                         |   | Jakarta           |   | Indonesia                     |   | 1,000              |   | 80                      |
| Alfa Laval Iran Ltd                              |   | Teheran           |   | Iran                          |   | 2,199              |   | 100                     |
| Alfa Laval KK                                    |   | Tokyo             |   | Japan                         |   | 1,200,000          |   | 100                     |
| Alfa  Laval Industry (PVT) Ltd                   |   | Lahore            |   | Pakistan                      |   | 119,110            |   | 100                     |
| Alfa  Laval Philippines Inc                      |   | Makati            |   | Philippines                   |   | 72,000             |   | 100                     |
| Alfa  Laval Singapore Pte Ltd                    |   | Singapore         |   | Singapore                     |   | 5,000,000          |   | 100                     |
| Alfa  Laval (Thailand) Ltd                       |   | Bangkok           |   | Thailand                      |   | 792,000            |   | 100                     |
| Alfa  Laval Middle East Ltd                      |   | Nicosia           |   | Cyprus                        |   | 40,000             |   | 100                     |
| Alfa Laval Benelux NV/SA                         |   | Brussels          |   | Belgium                       |   | 33,811             |   | 100                     |
| Alfa  Laval Slovakia S.R.O.                      |   | Bratislanva       |   | Slovakia                      |   |               |   | 1                       |
| Cetetherm  SR spol S.R.O.                        |   | Liptovsky Mikulas |   | Slovakia                      |   |               |   | 15                      |
| Alfa  Laval Spol S.R.O.                          |   | Hradec Kralove    |   | Czech Republic           |   |               |   | 20                      |
| Cetetherm  S.R.O.                                |   | Prague            |   | Czech Republic           |   |               |   | 5                       |
| Alfa  Laval Denmark Holding A/S                  |   | Kolding           |   | Denmark                       |   |               |   | 100                     |
| Alfa  Laval Kolding A/S                          |   | Kolding           |   | Denmark                       |   | 100,000            |   | 100                     |
| Alfa  Laval Nordic A/S                           |   | Rödovre      |   | Denmark                       |   | 1                  |   | 100                     |
| Alfa  Laval Copenhagen A/S                       |   | Söborg       |   | Denmark                       |   | 1                  |   | 100                     |
| Alfa Laval Nakskov A/S                           |   | Nakskov           |   | Denmark                       |   | 1                  |   | 100                     |
| Alfa  Laval Tank Equipment A/S                   |   | Ishoej            |   | Denmark                       |   | 1                  |   | 100                     |
| Alfa  Laval Tank Equipment AB                    |   | Gothenburg        |   | Sweden                        |   | 100,000            |   | 100                     |
| Gunclean  Toftejorg Pte Ltd                      |   | Singapore         |   | Singapore                     |   | 300,000            |   | 100                     |
| Alfa  Laval Ltd                                  |   | Sofia             |   | Bulgaria                      |   | 100                |   | 100                     |
| Alfa  Laval Nordic OY                            |   | Espoo             |   | Finland                       |   | 20,000             |   | 100                     |
| Cetetherm  OY                                    |   | Tuusula           |   | Finland                       |   | 5,000              |   | 100                     |
| Alfa Laval Nederland B.V.                        |   | Maarssen          |   | Netherlands                   |   | 10,000             |   | 100                     |
| Alfa  Laval Benelux B.V.                         |   | Maarssen          |   | Netherlands                   |   | 1,475              |   | 100                     |
| Alfa  Laval Merco B.V.                           |   | Hoofddorp         |   | Netherlands                   |   | 1,475              |   | 100                     |

 

----

 
| **Company name**                                   |   | **Domicile**      |   | **Country of  incorporation** |   | **No. of  shares** |   | **Share of  capital %** |
|----------------------------------------------------|--------|-------------------|--------|-------------------------------|--------|--------------------|--------|-------------------------|
| Alfa  Laval Holding A/S                            |   | Oslo              |   | Norway                        |   | 520,000            |   | 100                     |
| Alfa  Laval Nordic A/S                             |   | Oslo              |   | Norway                        |   | 10,000             |   | 100                     |
| Alfa  Laval Tank Equipment AS                      |   | Billingstad       |   | Norway                        |   | 7,500              |   | 100                     |
| CTC Ronneby  AB                                    |   | Ronneby           |   | Sweden                        |   | 138,000            |   | 100                     |
| Alfa  Laval ExCell AB                              |   | Skogstorp         |   | Sweden                        |   | 2,500              |   | 100                     |
| Alfa  Laval Nordic AB                              |   | Tumba             |   | Sweden                        |   | 1,000              |   | 100                     |
| Cetetherm  AB                                      |   | Ronneby           |   | Sweden                        |   | 20,000             |   | 100                     |
| Alfa  Laval Corporate AB                           |   | Lund              |   | Sweden                        |   | 13,920,000         |   | 100                     |
| Alfa  Laval (India) Ltd                            |   | Poona             |   | India                         |   | 9,261,889          |   | 64                      |
| Skansen  Engineering & Consultancy Co Ltd |   | Poona             |   | India                         |   | 50,000             |   | 64                      |
| Alfa  Laval Korea Ltd                              |   | Seoul             |   | South Korea                   |   | 3,640,000          |   | 100                     |
| Alfa  Laval (Malaysia) Sdn Bhd                     |   | Shah Alam         |   | Malaysia                      |   | 10,000             |   | 100                     |
| Mosgormash  Alfa Laval Moloko                      |   | Moscow            |   | Russia                        |   |               |   | 55                      |
| Alfa  Laval Oilfield C.A.                          |   | Caracas           |   | Venezuela                     |   | 47                 |   | 19                      |
| Alfa  Laval Treasury International AB              |   | Lund              |   | Sweden                        |   | 50,000             |   | 100                     |
| Alfa Laval Europe AB                               |   | Lund              |   | Sweden                        |   | 500                |   | 100                     |
| Alfa  Laval Lund AB                                |   | Lund              |   | Sweden                        |   | 100                |   | 100                     |
| Alfa  Laval International Engineering AB           |   | Lund              |   | Sweden                        |   | 4,500              |   | 100                     |
| Alfa  Laval Tumba AB                               |   | Lund              |   | Sweden                        |   | 1,000              |   | 100                     |
| Bitec  Enterprise AG                               |   | Volketswil        |   | Schweiz                       |   | 97,900             |   | 100                     |
| Alfa  Laval Dis Ticaret Ltd Sti                    |   | Istanbul          |   | Turkey                        |   | 27,001,755         |   | 99                      |
| OÜ  Cetetherm                                 |   | Tallinn           |   | Estonia                       |   | 100                |   | 100                     |
| Alfa  Laval SIA                                    |   | Riga              |   | Latvia                        |   | 125                |   | 100                     |
| SIA  Cetetherm                                     |   | Riga              |   | Latvia                        |   | 200                |   | 100                     |
| Alfa Laval UAB Ltd                                 |   | Vilnius           |   | Lithuania                     |   | 2,009              |   | 100                     |
| UAB  Cetetherm                                     |   | Vilnius           |   | Lithuania                     |   | 100                |   | 100                     |
| Alfa  Laval Australia Pty Ltd                      |   | Homebush          |   | Australia                     |   | 2,088,076          |   | 100                     |
| Alfa  Laval Pty Ltd                                |   | Homebush          |   | Australia                     |   | 3,500,000          |   | 100                     |
| Alfa  Laval New Zealand Ltd                        |   | Hamilton          |   | New Zealand                   |   | 1,000              |   | 100                     |
| Alfa Laval Holding BV                              |   | Maarssen          |   | Netherlands                   |   | 70,000,000         |   | 100                     |
| Alfa  Laval (Pty) Ltd                              |   | Isando            |   | South Africa                  |   | 2,000              |   | 100                     |
| Alfa Laval Slovakia S.R.O.                         |   | Bratislava        |   | Slovakia                      |   |               |   | 99                      |
| Cetetherm  SR spol S.R.O.                          |   | Liptovsky Mikulas |   | Slovakia                      |   |               |   | 85                      |
| Alfa  Laval Spol S.R.O.                            |   | Hradec Kralove    |   | Czech Republic           |   |               |   | 80                      |
| Cetetherm  S.R.O.                                  |   | Prague            |   | Czech Republic           |   |               |   | 95                      |
| Alfa Laval France SAS                              |   | Les Clayes        |   | France                        |   | 920,000            |   | 100                     |
| Alfa  Laval SAS                                    |   | Les Clayes        |   | France                        |   | 560,000            |   | 100                     |
| Alfa Laval Moatti SNC                              |   | Les Clayes        |   | France                        |   | 24,000             |   | 100                     |
| Alfa  Laval Spiral SNC                             |   | Nevers            |   | France                        |   | 79,999             |   | 100                     |
| MCD  SAS                                           |   | Guny              |   | France                        |   | 71,300             |   | 100                     |
| Alfa Laval Vicarb SA                               |   | Grenoble          |   | France                        |   | 200,000            |   | 100                     |
| Canada  Inc                                        |   | Newmarket         |   | Canada                        |   | 480,000            |   | 100                     |
| Alfa  Laval Inc                                    |   | Newmarket         |   | Canada                        |   | 481,600            |   | 33                      |
| SCI du Companil                                    |   | Grenoble          |   | France                        |   | 32,165             |   | 100                     |
| Cetetherm SA                                       |   | Lyon              |   | France                        |   | 150,000            |   | 100                     |
| Alfa  Laval Holding GmbH                           |   | Glinde            |   | Germany                       |   |               |   | 100                     |
| Alfa  Laval Mid Europe GmbH                        |   | Wiener Neudorf    |   | Austria                       |   |               |   | 100                     |
| Alfa  Laval Mid Europe GmbH                        |   | Glinde            |   | Germany                       |   | 1                  |   | 100                     |
| Alfa  Laval Tank Equipment GmbH                    |   | Glinde            |   | Germany                       |   | 1                  |   | 100                     |
| Cetetherm  Wärrmetauschersysteme GmbH         |   | Glinde            |   | Germany                       |   | 1                  |   | 100                     |
| Alfa  Laval AG                                     |   | Dietlikon         |   | Schweiz                       |   | 647                |   | 100                     |
| Alfa Laval AEBE                                    |   | Holargos          |   | Greece                        |   | 10,000             |   | 100                     |
| Alfa Laval Kft                                     |   | Budapest          |   | Hungary                       |   | 1                  |   | 100                     |
| Cetetherm Vicarb  Hungary Kft                      |   | Budapest          |   | Hungary                       |   |               |   | 100                     |
| Alfa Laval SpA                                     |   | Monza             |   | Italy                         |   | 1,930,500          |   | 99                      |
| Alfa Laval Polska  Sp.z.o.o.                       |   | Warzaw            |   | Poland                        |   | 6,862              |   | 100                     |
| Cetetherm Polska  Sp.z.o.o.                        |   | Warzaw            |   | Poland                        |   |               |   | 100                     |
| Wytwornia Separator Krakow Sp.z.o.o.               |   | Krakow            |   | Poland                        |   |               |   | 100                     |

 

----

 
| **Company name**                 |   | **Domicile**     |   | **Country of  incorporation** |   | **No. of  shares** |   | **Share of  capital %** |
|----------------------------------|--------|------------------|--------|-------------------------------|--------|--------------------|--------|-------------------------|
| Alfa Laval (Portugal) Ltd        |   | Linda-A- Velha   |   | Portugal                      |   |               |   | 1                       |
| Alfa Laval SRL                   |   | Bucharest        |   | Romania                       |   | 61,435             |   | 100                     |
| Alfa Laval Iberia SA             |   | Madrid           |   | Spain                         |   |               |   | 100                     |
| Alfa  Laval (Portugal) Ltd       |   | Linda-A-Velha    |   | Portugal                      |   | 1                  |   | 99                      |
| Alfa Laval Dis Ticaret  Ltd Sti  |   | Istanbul         |   | Turkey                        |   | 1                  |   | 1                       |
| Alfa Laval Holdings Ltd          |   | Camberley        |   | United Kingdom                |   | 28,107,000         |   | 100                     |
| Alfa  Laval 2000                 |   | Camberley        |   | United Kingdom                |   | 28,106             |   | 100                     |
| Alfa  Laval Ltd                  |   | Camberley        |   | United Kingdom                |   | 12,710,000         |   | 100                     |
| Alfa  Laval Finance Co Ltd       |   | Camberley        |   | United Kingdom                |   | 856,000            |   | 100                     |
| Alfa  Laval Oilfield Ltd         |   | Aberdeen         |   | United Kingdom                |   | 500,000            |   | 100                     |
| Alfa  Laval Flow Ltd             |   | Sutton Coldfield |   | United Kingdom                |   | 100                |   | 100                     |
| Alfa  Laval Pumps Ltd            |   | Eastbourne       |   | United Kingdom                |   | 100                |   | 100                     |
| Alfa  Laval Thermal Ltd          |   | Camberley        |   | United Kingdom                |   | 1,000              |   | 100                     |
| Alfa  Laval Separation Ltd       |   | Camberley        |   | United Kingdom                |   | 375,000            |   | 100                     |
| Rolls  Laval Heat Exchangers Ltd |   | Wolverhampton    |   | United Kingdom                |   | 5,000              |   | 50                      |
| Toftjorg  Ltd                    |   | Camberley        |   | United Kingdom                |   | 50,000             |   | 100                     |
| Alfa Laval USA inc               |   | Kenosha          |   | United States                 |   |               |   | 100                     |
| Alfa  Laval US Holding Inc       |   | Kenosha          |   | United States                 |   | 180                |   | 100                     |
| Alfa  Laval Inc                  |   | Kenosha          |   | United States                 |   | 44,000             |   | 100                     |
| Tri-Lad  Inc                     |   | Brantford        |   | Canada                        |   | 4,000              |   | 100                     |
| BioKinetics  Inc                 |   | Philadelphia     |   | United States                 |   | 100                |   | 100                     |
| Kinetics  Modular Systems Inc    |   | Toronto          |   | Canada                        |   | 1800               |   | 100                     |
| Kinetics  Engineering P C        |   | Durham           |   | United States                 |   | 100                |   | 100                     |
| Hynetics  Inc                    |   | Logan            |   | United States                 |   |               |   | 50                      |
| Alfa  Laval US Treasury Inc      |   | Kenosha          |   | United States                 |   | 1,000              |   | 100                     |
| AO  Alfa Laval Potok             |   | Koroljov         |   | Russia                        |   | 31,057,529         |   | 100                     |
| OÜ  Alfa Laval              |   | Tallinn          |   | Estonia                       |   | 1                  |   | 100                     |
| Gigantissimo 2444 AB             |   | Stockholm        |   | Sweden                        |   |               |   | 50                      |
| Alfa Laval SpA                   |   | Monza            |   | Italy                         |   |               |   | 1                       |

 

----