<PAGE>
                                                                     Exhibit 8.1

                                THE BOC GROUP PLC

List of subsidiary and associated undertakings and other significant holdings
pursuant to Section 231 and Schedule 5 of the Companies Act 1985 as at 30
September 2002. Except where otherwise stated, the shares held are Ordinary
shares.

(a) = Subsidiary undertaking by virtue of Section 258(2)(c) of the Companies Act
      1985.

*   = Shares held through a subsidiary or associated undertaking.


<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Indura Argentina S.A.                                                 Argentina                  *41

BOC Gases Aruba N.V.                                                  Aruba                      *100

Auscom Holdings Pty Limited                                           Australia                  *50
BOC AIP (a Limited Partnership)                                       Australia                  *100
BOC Australia Pty Limited                                             Australia                  *100
                                                                                                 *100 'J' Pref shares
BOC Limited                                                           Australia                  *100
BOC Gases Finance Limited                                             Australia                  *100
BOC Group Pty Limited                                                 Australia                  *100
Boggy Creek Pty Limited                                               Australia                  *100
CC Energy Pty Limited                                                 Australia                  *50
CIG Products Pty Limited                                              Australia                  *100
Commonwealth Industrial Gases Pty Limited, The                        Australia                  *100
Elgas Autogas Pty Limited                                             Australia                  *50
Elgas Limited                                                         Australia                  *50
Elgas Reticulation Limited                                            Australia                  *50
Global Electrical and Welding Services Pty Limited                    Australia                  *100
Pacific Engineering Supplies Pty Limited                              Australia                  *100
Pacific Industrial Supplies Pty Limited                               Australia                  *100
Pan-Pacific Welding Pty Limited                                       Australia                  *94
Tiamont Pty Limited                                                   Australia                  *50
Unigas JV Partnership                                                 Australia                  *25

Bangladesh Oxygen Limited                                             Bangladesh                 *60
BOC Bangladesh Limited                                                Bangladesh                 60

BOC Technologies NV                                                   Belgium                    *100
Hibon International NV                                                Belgium                    *100
Medical Devices International NV                                      Belgium                    *100

Hydrogen Company of Paraguana Limited, The                            Bermuda                    *100
Priestley Insurance Company Limited                                   Bermuda                    *100

Afrox Limited                                                         Bophuthatswana             *55

Afrox Gas & Engineering Supplies (Botswana)                           Botswana                   *55
   (Pty) Limited
Botswana Oxygen Company (Pty) Limited                                 Botswana                   *55
Handigas (Botswana) (Pty) Limited                                     Botswana                   *55

BOC Edwards Brasil Limitada                                           Brazil                     *100
BOC Gases do Brasil Limitada                                          Brazil                     *100

BOC Lienhwa (BVI) Holding Company Limited                             British Virgin Islands     *50
Coriander Property Limited                                            British Virgin Islands     *50

Brunei Oxygen Sdn Bhd                                                 Brunei                     *25

177470 Canada Inc                                                     Canada                     *100
</TABLE>


                                                                               1


<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
177472 Canada Inc                                                     Canada                     *100
177717 Canada Inc                                                     Canada                     *100
44001 Ontario Limited                                                 Canada                     *100
BOC Canada Limited                                                    Canada                     *100
Burke Holdings Limited                                                Canada                     *100
Chrysalix Energy Limited Partnership                                  Canada                     *25
Hibon Inc                                                             Canada                     *100
Oxygene Excel Inc                                                     Canada                     *100
Tecnogaz Quebec Inc                                                   Canada                     *100

BOC de Chile S.A.                                                     Chile                      *100
Compania de Hidrogeno de Talcahuano Limitada                          Chile                      *100
Indura S.A., Industria y Comercio                                     Chile                      *41

BOC (China) Holdings Company Limited                                  China                      *100
BOC Gases (Nanjing) Company Limited                                   China                      *100
BOC Gases (North) Company Limited                                     China                      *100
BOC Gases (Shanghai) Corporation Limited                              China                      *100
BOC Gases (Suzhou) Company Limited                                    China                      *100
BOC Gases (Tianjin) Company Limited                                   China                      100
BOC Gases (Wuhan) Company Limited                                     China                      *100
BOC Gases Xinghua Xian Company Limited                                China                      *67
BOC TISCO Gases Company Limited                                       China                      50
BOC Trading (Shanghai) Company Limited                                China                      *100
Dalian BOC Carbon Dioxide Company Limited                             China                      *50
Guangkong Industrial Gases Company Limited                            China                      *25
Guangzhou Coostar Industrial Gases Company Limited                    China                      *25
Guangzhou GNC Carbon Dioxide Company Limited                          China                      *25
Guangzhou GNIG Industrial Gases Company Limited                       China                      *30
Guangzhou Pearl River Industrial Gases Company Limited                China                      *25
Lien Hwa Industrial Gases (Kun Shan) Company Limited                  China                      *50
Lien Hwa Industrial Gases (Su Zhou) Company Limited                   China                      *50
Maoming Coolants Carbon Dioxide Company Limited                       China                      *25
Nanjing BOC-YPC Gases Company Limited                                 China                      *50
Panyu GNC Carbon Dioxide Company Limited                              China                      *25
Shanghai BOC Industrial Gases Company Limited                         China                      50
Shanghai BOC Qing Pu Industrial Gases Company Limited                 China                      *35
Shanghai Hongbao Medical Gases Company Limited                        China                      *24
Sheng Lian Special Gases Company Limited                              China                      *50
Sheng Quan Trading (Shanghai) Company Limited                         China                      *50
Shenzhen Feiying Industrial Gases Company Limited                     China                      *45
Shenzhen South China Industrial Gases Company Limited                 China                      *25
Tangshan BOC Industrial Gases Company Limited                         China                      80
Xinmin BOC Hydrogen Company Limited                                   China                      *93
Zhuhai HKO Industrial Gases Company Limited                           China                      *50

CO2 Colombiano Limitada                                               Colombia                   *37
Gases Industriales de Colombia SA                                     Colombia                   *74

3H Czech s.r.o.                                                       Czech Republic             *100
GIST Czech Republic s.r.o.                                            Czech Republic             *100

Solecsa Soldaduras Ecuatorianas S.A.                                  Ecuador                    *35

3 Shires (Cutting & Welding Automated) Limited                        England                    *88
3 Shires Cutting & Welding Limited                                    England                    *90
Agrinon Company                                                       England                    100
Airco Coating Technology Limited                                      England                    100
                                                                                                 100 `A' Ordinary
                                                                                                 100 `B' Ordinary
</TABLE>


                                                                               2


<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Anaquest Limited                                                      England                    100
Anglian Industrial Gases Limited                                      England                    100
Applied Vision Limited                                                England                    100
BOC America Holdings                                                  England                    *100
BOC Chile Holdings Limited                                            England                    *100
BOC CIS Limited                                                       England                    100
BOC Concentrator Services Limited                                     England                    100
BOC Cryoplants Limited                                                England                    100
BOC Distribution Services Limited                                     England                    100
BOC Dutch Finance                                                     England                    *100
BOC Edwards Chemical Management Europe Limited                        England                    100
BOC (Europe) Holdings Limited                                         England                    100
BOC Health Care Limited                                               England                    100
BOC Helex Limited                                                     England                    100
BOC Holdings                                                          England                    100
BOC Holland Finance Limited                                           England                    100
BOC Investment Holdings Limited                                       England                    100
BOC Investments No.1 Limited                                          England                    *100
BOC Investments No.2 Limited                                          England                    *100
BOC Investments No.3 Limited                                          England                    100
BOC Investments No.4 Limited                                          England                    *100
BOC Investments No.5 Limited                                          England                    100
                                                                                                 100 Ordinary A shares
BOC Japan                                                             England                    100
BOC Japan Holdings Limited                                            England                    *100 Ordinary Shares
                                                                                                 *100 Preference Shares
BOC Korea Holdings Limited                                            England                    100
BOC Limited                                                           England                    *100
BOC Luxembourg Finance                                                England                    *100
BOC Netherlands Finance Limited                                       England                    100
BOC Netherlands Holdings Limited                                      England                    100
                                                                                                 100 7.2% Cum Red Pref
BOC Nominees Limited                                                  England                    100
BOC Overseas Finance Limited                                          England                    100
BOC Overseas Finance No.2 Limited                                     England                    100
BOC Pensions Limited                                                  England                    100
BOC Pension Scheme Trustees Limited                                   England                    100
BOC Poland Holdings Limited                                           England                    100
BOC Russia Holdings Limited                                           England                    100
BOC SEPS Trustees Limited                                             England                    100
BOC Share Scheme Trustee Limited                                      England                    100
BOC Technologies Limited                                              England                    100
BOC Trustees No.4 Limited                                             England                    100
British Industrial Gases Limited                                      England                    100
British Oxygen Company Limited, The                                   England                    100
                                                                                                 100 Deferred Ord
                                                                                                 100 Preferred Ord
Calumatic (United Kingdom) Limited                                    England                    100
Cotswold Welding Supplies Limited                                     England                    *100
Cryostar Limited                                                      England                    100
Cyprane Limited                                                       England                    100
Edwards High Vacuum International Limited                             England                    *100
EHVIL Dissentients Limited                                            England                    100
Fluorogas Limited                                                     England                    100
Future Welding Limited                                                England                    *75
Gaffney Gas & Welding Supplies Limited                                England                    *80
Gas Instrument Services Limited                                       England                    *84
</TABLE>



                                                                               3


<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Gas Services Holdings Limited                                         England                    100
GIST Limited                                                          England                    100
G L Baker (Transport) Limited                                         England                    100
Handigas Limited                                                      England                    100
                                                                                                 100 Management
Hick, Hargreaves and Company Limited                                  England                    *100
Indonesia Power Holdings Limited                                      England                    100
Industrial and Welding Management Limited                             England                    *100
Industrial & Welding Systems Limited                                  England                    *100
Islebroad Limited                                                     England                    *95
Leengate Hire Limited                                                 England                    *100
Leengate Industrial & Welding Supplies (Scotland) Limited             England                    *75
Leengate Welding Group Limited                                        England                    *100
Leengate Welding Supplies Limited                                     England                    *80
Leengate Welding Supplies (Lincoln) Limited                           England                    *90
Leengate Welding Supplies (North East) Limited                        England                    *75
Leengate Welding Supplies (Nottingham) Limited                        England                    *80
Medishield Limited                                                    England                    100
Medispeed Limited                                                     England                    100
                                                                                                 100 8% 1st Cum Red Pref
                                                                                                 100 8% 2nd Non-Cum Red
                                                                                                 Pref
Pennine-AB Welding Supplies Limited                                   England                    *94
Plasma Products Limited                                               England                    100
Proportioncharm Limited                                               England                    *100
Rock Welding Supplies Limited                                         England                    *75
Seabrook Welding Supplies Limited                                     England                    *100
Sharp Times Limited                                                   England                    *95
Spalding Haulage Limited                                              England                    100
Storeshield Limited                                                   England                    *100
                                                                                                 *100 Deferred
Transhield Limited                                                    England                    100
Viggo Limited                                                         England                    100
Viggo-Spectramed Limited                                              England                    100
W&G Supplies Limited                                                  England                    *75
Welder Equipment Services Limited                                     England                    *75
Welding Products Holdings Limited                                     England                    100
Welding Wires (Midlands) Limited                                      England                    *80
Wessex Welding & Industrial Supplies Limited                          England                    *100

BOC Gases Fiji Limited                                                Fiji                       *90

BOC Finland Oy                                                        Finland                    *100

BOC Group SA, The                                                     France                     *100
Cryostar-France SA                                                    France                     *100
Edwards SA                                                            France                     *100
Hibon International SA                                                France                     *100
Hibon SAS                                                             France                     *100
Societe de Mecanique Magnetique                                       France                     *87

BOC Edwards GmbH                                                      Germany                    *100
Weno Verwaltungsgesellschaft mbH                                      Germany                    *100
Wilhelm Klein GmbH                                                    Germany                    *100

BOC Group Limited, The                                                Hong Kong                  *100
British Oxygen (Hong Kong) Limited                                    Hong Kong                  *100
HKO Development Company Limited                                       Hong Kong                  *50
Hong Kong New Sino Gases Company Limited                              Hong Kong                  *28
</TABLE>

                                                                               4


<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Hong Kong Oxygen & Acetylene Company Limited                          Hong Kong                  *50 'A' Ordinary

BOC India Limited                                                     India                      55

P.T. BOC Gases Indonesia                                              Indonesia                  *100
P.T. Gresik Gases Indonesia                                           Indonesia                  *90
P.T. Gresik Power Indonesia                                           Indonesia                  *90
P.T. Soxal Batam                                                      Indonesia                  *50
P.T. Soxal Batamindo Industrial Gases                                 Indonesia                  *35


Associated Irish Gases Limited                                        Ireland                    *100
BOC Gas Services Limited                                              Ireland                    *100
BOC Gases Ireland Holdings Limited                                    Ireland                    *100
BOC Gases Ireland Limited                                             Ireland                    *100
BOC Investments Ireland                                               Ireland                    *100
BOC (Trading) Limited                                                 Ireland                    *100
Oxygenerators Limited                                                 Ireland                    *100
Priestley Dublin Reinsurance Company Limited                          Ireland                    *100

BOC Edwards S.p.A.                                                    Italy                      *100

Air Chemicals Ltd                                                     Japan                      *24
A-TEC Ltd                                                             Japan                      *97
BOC Edwards Technologies KK                                           Japan                      *100
BOC Japan Ltd                                                         Japan                      *97
Boucho Daisan Ltd                                                     Japan                      *97
Chemical Gases Ltd                                                    Japan                      *48
Chubu Daisan Ltd                                                      Japan                      *97
Chugoku Daisan Engineering Ltd                                        Japan                      *97
Daisan Engineering Ltd                                                Japan                      *97
Daisan Gas Center Ltd                                                 Japan                      *77
Daisan Gas Shoji Ltd                                                  Japan                      *97
Daisan Ltd                                                            Japan                      *97
Daisan Service Ltd                                                    Japan                      *97
Edwards Japan Ltd                                                     Japan                      *100
Fukuoka Daisan Ltd                                                    Japan                      *97
Himeji Daisan Ltd                                                     Japan                      *78
Kansai Gas First Ltd                                                  Japan                      *68
Kanto Daisan Ltd                                                      Japan                      *97
Kitakanto Gas Center Ltd                                              Japan                      *48
Kita Kyushu Sanso Ltd                                                 Japan                      *97
KK General Gas Center                                                 Japan                      *36
KK Japan Helium Center                                                Japan                      *40
KK Mizushima Oxyton                                                   Japan                      *29
KK Obara Gas Center                                                   Japan                      *58
KK Ueda Shoko                                                         Japan                      *23
KK Ultra Clean Manufacturing Technology Co                            Japan                      *50
Kurosaki Sanso Ltd                                                    Japan                      *48
Kyushu Daisan Ltd                                                     Japan                      *97
Kyushu Helium Center                                                  Japan                      *48
Maruesu Koun Ltd                                                      Japan                      *38
O I Gases Ltd                                                         Japan                      *48
Osaka Sanso Kogyo Ltd                                                 Japan                      *97
Osaka Sanso Production Ltd                                            Japan                      *97
OSK Instrument Ltd                                                    Japan                      *97
Shiga Gas Center Ltd                                                  Japan                      *48
Tokyo Daisan Engineering Ltd                                          Japan                      *97
Tottori Minami Yoshikata N2 Gas Centre Ltd                            Japan                      *44
Uchiura Gas Center Ltd                                                Japan                      *68
</TABLE>


                                                                               5

<PAGE>


<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Alboc (Jersey) Limited                                                Jersey                     *50 'A' and 'C'  shares
BOC Australian Finance Limited                                        Jersey                     *100
Bocial (Jersey) Limited                                               Jersey                     *50 'A' Ordinary
                                                                                                 *50 'A' Red Pref Shares
BOC Preference Limited                                                Jersey                     *100
Valboc Holdings (Jersey) Limited                                      Jersey                     *50
Valboc (Jersey) Limited                                               Jersey                     *40

BOC Kenya Limited                                                     Kenya                      *65
East African Oxygen Limited                                           Kenya                      *65

BOC Edwards Chemical Management Korea Limited                         Korea                      100
BOC Gases Korea Company Limited                                       Korea                      *100
                                                                                                 *100 Preferred shares
KK Woojin                                                             Korea                      *38
Shinil Cryogenic Materials Limited                                    Korea                      *49
Songwon Edwards Limited                                               Korea                      *97
Sungwoo BOC Co Ltd                                                    Korea                      *50

Afrox Lesotho (Pty) Limited                                           Lesotho                    *55
Lesotho Oxygen Company (Pty) Limited                                  Lesotho                    *55

BOC Luxembourg No. 1 Sarl                                             Luxembourg                 *100
BOC Luxembourg No. 2 Sarl                                             Luxembourg                 *100

Mocoh Gas Madagascar                                                  Madagascar                 *28

BOC Malawi Limited                                                    Malawi                     *42
Electrode Manufacturing Company Limited                               Malawi                     *42
Transarc Saffire Limited                                              Malawi                     *42

Malaysian Oxygen Berhad                                               Malaysia                   *23
MOX Gases Bhd                                                         Malaysia                   *23
MOX Welding Products Sdn Bhd                                          Malaysia                   *23

Afrox International Limited                                           Mauritius                  *55
Les Gaz Industriel Limited                                            Mauritius                  *21
Mocoh Trading Mauritius                                               Mauritius                  *29

BOC Gases de Mexico S.A. de C.V.                                      Mexico                     *100
Compania de Nitrogeno de Cantarell S.A. de C.V.                       Mexico                     *35
Compania de Operaciones de Nitrogeno S.A. de C.V.                     Mexico                     *60
Servicios de Cantarell S.A. de C.V.                                   Mexico                     *35
Servicios de Operaciones de Nitrogeno S.A. de C.V.                    Mexico                     *60

BOC Gases Mozambique Limited                                          Mozambique                 *55

Gas & Welding Products (Nambia) (Pty) Limited                         Namibia                    *55
IGL Properties (Pty) Limited                                          Namibia                    *55
IGL (Pty) Limited                                                     Namibia                    *55

BOC BV                                                                Netherlands                *100
BOC Edwards Pharmaceutical Systems BV                                 Netherlands                *100
BOC Europe Holdings BV                                                Netherlands                *100
BOC Group BV, The                                                     Netherlands                *100
GIST B.V.                                                             Netherlands                *100
</TABLE>


                                                                               6

<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
BOC Gases Caribbean N.V.                                              Netherlands Antilles       *100
BOC Gases Curacao N.V.                                                Netherlands Antilles       *100 'A' and 'B' shares

NV Verus                                                              Netherlands Antilles       *100
NV Verus (Vrije Zone)                                                 Netherlands Antilles       *100

BOC Limited                                                           New Zealand                *100
BOC New Zealand Holdings Limited                                      New Zealand                *100

BOC Gases Nigeria plc                                                 Nigeria                    *60

BOC Pakistan Limited                                                  Pakistan                   60

Dunfly Investments Inc                                                Panama                     *100
Indura Panama S.A.                                                    Panama                     *41

BOC Gases Papua New Guinea Pty Limited                                Papua New Guinea           *74
CIG Bougainville Pty Limited                                          Papua New Guinea           *74

Indura S.A. (Peru)                                                    Peru                       *41
Indura S.A. Sucursal Peru                                             Peru                       *41

Bacolod Oxygen Corporation                                            Philippines                *100
Bataan Industrial Gases Inc                                           Philippines                *39
BOC GIST Inc                                                          Philippines                *100
BOC (Phils) Holdings Inc                                              Philippines                *100
BPC Gas Corporation                                                   Philippines                *100
Carbonic Philippines Inc                                              Philippines                *100
Cebu Liquid Gas Corporation                                           Philippines                *67
Chatswood Inc                                                         Philippines                *62
CIGC Corporation                                                      Philippines                *43
CIGI Properties Inc                                                   Philippines                *100
Consolidated Industrial Gases Inc                                     Philippines                *100
Cryo Industrial Gases Inc                                             Philippines                *100
Davao Oxygen Corporation                                              Philippines                *100
Genesis Industrial Gases Corporation                                  Philippines                *64
Mystar Industrial Gases Inc                                           Philippines                *40
Ormoc Oxygen Corporation                                              Philippines                *100
Southern Industrial Gases Philippines Inc                             Philippines                *100
Vismin Airtech Industrial Gases Corporation                           Philippines                *100

BOC Gazy Sp. z o.o.                                                   Poland                     *98
GIST Sp. z o.o.                                                       Poland                     *100
Roboprojekt BOC Sp. z o.o.                                            Poland                     *100

JSC Volgograd Oxygen Factory                                          Russia                     *87

BOC Gases (Samoa) Limited                                             Samoa                      *96

Intellemetrics Limited                                                Scotland                   100
Vorgem Limited                                                        Scotland                   100

BOC Gases Pte Limited                                                 Singapore                  100
BOC Technologies Singapore Pte Limited                                Singapore                  *100
Island Pipeline Gases Pte Limited                                     Singapore                  *33
Jurong Island Industrial Gas Pte Limited                              Singapore                  *50
Semitech Engineering Pte Limited                                      Singapore                  *50
Singapore Carbon Dioxide Company Pte Limited                          Singapore                  *25
Singapore Oxygen Air Liquide Pte Limited                              Singapore                  *50
SOXAL-MI Technologies Pte Limited                                     Singapore                  *25
</TABLE>

                                                                               7


<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
BOC Plyny s.r.o.                                                      Slovakia                   *100

BOC Gases Solomon Islands Limited                                     Solomon Islands            *100

African Oxygen Limited                                                South Africa               *55
Afrox Educational Services (Pty) Limited                              South Africa               *55
Afrox Finance Limited                                                 South Africa               *55
Afrox Healthcare Limited                                              South Africa               *39
Afrox Healthcare Services (Pty) Limited                               South Africa               *39
Afrox Home Healthcare P.E. (Pty) Limited                              South Africa               *39
Afrox Hospitals Limited                                               South Africa               *39
Afrox Limited                                                         South Africa               *55
Afrox Occupational Health Care (Pty) Limited                          South Africa               *39
Afrox Pharmacy Management Services (Pty) Limited                      South Africa               *39
Afrox Properties (Pty) Limited                                        South Africa               *55
Afrox (Transkei)(Pty) Limited                                         South Africa               *55
Amalgamated Gas & Welding (Pty) Limited                               South Africa               *55
Amalgamated Hospitals Limited                                         South Africa               *39
AMAHOSP Medical Rescue (Pty) Limited                                  South Africa               *39
Ammed Properties (Pty) Limited                                        South Africa               *39
Autogas Southern Africa (Pty) Limited                                 South Africa               *55
AWCE (Pty) Limited                                                    South Africa               *55
Bedford Gardens Private Hospital (Pty) Limited                        South Africa               *39
Border Hospitals (Pty) Limited                                        South Africa               *24
Brenthurst Clinic (Pty) Limited                                       South Africa               *35
Brenthurst Dispensary (Pty) Limited                                   South Africa               *35
C Elias & Associates (Pty) Limited                                    South Africa               *35
Claremont Hospital (Pty) Limited                                      South Africa               *37
Coastal Medical Investments (Pty) Limited                             South Africa               *39
Correctional Helathcare Services (Pty) Limited                        South Africa               *39
Cylinder Leasing (Pty) Limited                                        South Africa               *55
Daglish & Associates (Pty) Limited                                    South Africa               *39
Dalview Nursing Home (Pty) Limited                                    South Africa               *39
Direct Medicines (Pty) Limited                                        South Africa               *39
Dowson & Dobson Industrial Limited                                    South Africa               *55
Dowson & Dobson Limited                                               South Africa               *55
Drury Welding (Pty) Limited                                           South Africa               *55
Edge to Edge 11 (Pty) Limited                                         South Africa               *100
EMH Operating Company (Pty) Limited                                   South Africa               *33
Empangeni Garden Clinic (Pty) Limited, The                            South Africa               *39
Empangeni Garden Clinic Properties (Pty) Limited                      South Africa               *39
Energy Medical Supplies (Pty) Limited                                 South Africa               *55
Entabeni Hospital Limited                                             South Africa               *39
Eugene Marais Hospital (Pty) Limited                                  South Africa               *39
Flohoc Investments (Pty) Limited                                      South Africa               *28
Garbanzo Property Investments (Pty) Limited                           South Africa               *37
Gerard Slabbert (Pty) Limited                                         South Africa               *39
Glynnwood Hospital Operating Company (Pty) Limited                    South Africa               *33
Gordon & Company (Pty) Limited                                        South Africa               *39
G P Ross Incorporated                                                 South Africa               *39
Harris Calorific South Africa (Pty) Limited                           South Africa               *55
Hospitaalpark Kliniek (Eiendoms) Beperk                               South Africa               *39
Hospital Medical Systems (Pty) Limited                                South Africa               *24
How Avenue Clinic (Proprietary) Limited                               South Africa               *23
Human Performance Systems (Pty) Limited                               South Africa               *55
Industrial Research and Development (Pty) Limited                     South Africa               *55
Jorum Property Investments (Pty) Limited                              South Africa               *35
K Wilson & Company (Pty) Limited                                      South Africa               *39
Kingsbury Hospital Limited                                            South Africa               *27
</TABLE>

                                                                               8

<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Kingsbury Hospital Property Limited                                   South Africa               *35
Liesbeeck Medical Holdings (Pty) Limited                              South Africa               *39
Lifecare Clinics (Pty) Limited                                        South Africa               *39
Lifecare Group Victoria Hospital (Pty) Limited                        South Africa               *39
Lifecare Management Services (Pty) Limited                            South Africa               *39
Manstone Motors (Pty) Limited                                         South Africa               *39
Medi-Speed Natal (Pty) Limited                                        South Africa               *55
Metropol Hospitals (Pty) Limited                                      South Africa               *23
M L Hurwitz & Associates (Pty) Limited                                South Africa               *39
Nasionale Sweisware (Edms) Beperk                                     South Africa               *55
New Kensington Clinic (Pty) Limited                                   South Africa               *24
Nicoweld (Pty) Limited                                                South Africa               *55
Northern Dispensary (Pty) Limited                                     South Africa               *39
Oude Werf (Eiendoms) Beperk                                           South Africa               *36
P E Medical Group Investments (No.3)(Pty) Limited                     South Africa               *39
Presmed Day Clinics (Pty) Limited                                     South Africa               *39
Presmed Hospitals (Pty) Limited                                       South Africa               *39
Princess Dispensary (Pty) Limited                                     South Africa               *39
Prop Robin (Pty) Limited                                              South Africa               *39
Quantum Occupational Healthcare Services (West Coast) (Pty) Limited   South Africa               *39
Riverfield Lodge (Pty) Limited                                        South Africa               *39
Robinson Hospital Holdings (Pty) Limited                              South Africa               *27
Robinson Hospital (Pty) Limited                                       South Africa               *30
Rockweld (Pty) Limited                                                South Africa               *55
Selected Medical Investments Limited                                  South Africa               *39
South African Home Patient (Pty) Limited                              South Africa               *39
Spittal Drau Investments (Proprietary) Limited                        South Africa               *39
Springs Private Hospital Group (Pty) Limited                          South Africa               *39
St Mary's Private Hospital (Pty) Limited                              South Africa               *25
Thermal Welding Products Limited                                      South Africa               *55
Transgraph Export Company (Pty) Limited                               South Africa               *55
Vredenburg Hospital (Pty) Limited                                     South Africa               *39
Westcare (Pty) Limited                                                South Africa               *39
Wilgers Hospital Beperk                                               South Africa               *37
Wynberg Surgical Clinic (Pty) Limited                                 South Africa               *39
Zandfontein Clinic (Pty) Limited                                      South Africa               *30

Handigas Swaziland (Pty) Limited                                      Swaziland                  *55
Swazi Oxygen (Pty) Limited                                            Swaziland                  *55

BOC Intressenter AB                                                   Sweden                     100

Airco Helex AG                                                        Switzerland                *100
BOC AG                                                                Switzerland                *100

BOC Lienhwa Industrial Gases Company Limited                          Taiwan                     *50
Confederate Technology Company Limited                                Taiwan                     *30
Edwards Technologies Limited                                          Taiwan                     *100
Far Eastern Industrial Gases Company Limited                          Taiwan                     *28
Lien Hwa Commonwealth Corporation                                     Taiwan                     *50
Lien Hwa LOX Cryogenic Equipment Corporation                          Taiwan                     *44
Lienhwa United LPG Company Limited                                    Taiwan                     *28
United Industrial Gases Company Limited                               Taiwan                     *30
Yuan Rong Industrial Gases Company Limited                            Taiwan                     *23

BOC Tanzania Limited                                                  Tanzania                   *65
Tasco Estates Limited                                                 Tanzania                   *20

Eastern Industrial Gases Limited                                      Thailand                   *50
</TABLE>

                                                                               9


<PAGE>

<TABLE>
<CAPTION>
                                                                      COUNTRY OF                 PERCENTAGE OF
COMPANY                                                               INCORPORATION              SHARES HELD
-------                                                               -------------              -------------
<S>                                                                   <C>                        <C>
Electronic Gases (Thailand) Limited                                   Thailand                   *49
KTPV (Thailand) Limited                                               Thailand                   *100
Map Ta Phut Industrial Gases Company Limited                          Thailand                   *40
Rayong Acetylene Limited                                              Thailand                   *87
Samutprakarn Properties Company Limited                               Thailand                   *100
SKTY (Thailand) Limited                                               Thailand                   *100
Thai Industrial Gases Public Company Limited                          Thailand                   *100
TIG Air Chemicals Limited                                             Thailand                   *98
TIG HyCo Limited                                                      Thailand                   *100
TIG Trading Limited                                                   Thailand                   *100
Unique Gas & Petrochemical Public Company Limited                     Thailand                   *99

BOC Gases (Tonga) Limited                                             Tonga                      *90

Birlesik Oksijen Sanayi AS                                            Turkey                     50

BOC Uganda Limited                                                    Uganda                     *65

Airco BH-F Systems Inc                                                USA                        *100
Airco Inc (Delaware)                                                  USA                        *100
Airco Onsites Inc                                                     USA                        *100
Airco Properties Inc                                                  USA                        *100
Air Reduction Company Inc                                             USA                        *100
BOC Group Inc (Delaware), The                                         USA                        *100
BOC Group Inc (Nevada), The                                           USA                        *100
BOC Group, LLC, The                                                   USA                        *100
BOC Inc                                                               USA                        *100
BOC North America Inc                                                 USA                        *100
BOC Transports Inc                                                    USA                        *100
Calumatic North America Corporation                                   USA                        *100
Certified Gas & Controls Inc                                          USA                        *100
Hydromatix Inc                                                        USA                        *100
Ohmeda Medical Devices Division Inc                                   USA                        *100
Selox Inc                                                             USA                        *100
Tam Oxygen Co                                                         USA                        *100

BOC Gases Virgin Islands Inc                                          US Virgin Islands          *100

BOC Gases de Venezuela CA                                             Venezuela                  *100
Inversiones ABC, SA                                                   Venezuela                  *100
Inversiones Vencan SA                                                 Venezuela                  *100
Productora de Gas Carbonico SA                                        Venezuela                  *100

North Vietnam Industrial Gases Limited                                Vietnam                    *40

BOC Gases Zambia plc                                                  Zambia                     *39

BOC Zimbabwe (Pvt) Limited                                            Zimbabwe                   *100
Handigas (Pvt) Limited                                                Zimbabwe                   *100
Industrial Gases (Pvt) Limited                                        Zimbabwe                   *100
Oxyco Utilities (Pvt) Limited                                         Zimbabwe                   *100
Oxygen Industries (Pvt) Limited                                       Zimbabwe                   *100
Weldex (Pvt) Limited                                                  Zimbabwe                   *100
Zimbabwe Oxygen (Pvt) Limited                                         Zimbabwe                   *100
</TABLE>

                                                                              10

<PAGE>



                                                      --------------------------
                                                      Mr N Deeming
                                                      Company Secretary





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