EXH

|                                          |                                | STATE/                            |                                    |                                 |
|-----------------------------------------------|-------------------------------------|-----------------------------------|-----------------------------------------|--------------------------------------|
|                                          |                                | PROVINCE                          |                                    | COUNTRY                              |
|                                          |                                |                              |                                    |                                 |
| CPI      Corp.                                |                                | Delaware                          |                                    | United      States                   |
|                                          |                                |                              |                                    |                                 |
|                                          | Consumer      Programs Incorporated |                              | Missouri                                |                                 | United      States |
|                                          |                                | d/b/a      Sears Portrait Studios |                                    |                                 |   |   |
|                                          |                                |                              | Centrics      Technology, Inc.          |                                 | Delaware |   | United      States |
|                                          |                                |                              |                                    | d/b/a      searsphoto.com            |   |   |   |   |
|                                          |                                |                              | CPI      Images, L.L.C.                 |                                 | Missouri |   | United      States |
|                                          |                                |                              |                                    | d/b/a      Sears Portrait Studios    |   |   |   |   |
|                                          |                                |                              |                                    | d/b/a      Mainstreet Portraits      |   |   |   |   |
|                                          |                                |                              | CPI      Research and Development. Inc. |                                 | Delaware |   | United      States |
|                                          |                                |                              | myportraits.com,      Inc.              |                                 | Missouri |   | United      States |
|                                          |                                |                              |                                    | Consumer      Programs Partner, Inc. |   | Delaware |   | United      States |
|                                          |                                |                              |                                    |                                 |
| CPI      Corp.                                |                                | Nova      Scotia                  |                                    | Canada                               |
|                                          | d/b/a      Sears Portrait Studios   |                              |                                    |                                 |   |
|                                          |                                |                              |                                    |                                 |
| CPI      Technology Corp.                     |                                | Missouri                          |                                    | United      States                   |
|                                          | LBP      Partnership                |                              | Missouri                                |                                 | United      States |
|                                          | P      & W/LBP Partnership      |                              | Missouri                                |                                 | United      States |
|                                          |                                |                              |                                    |                                 |
| CPI      Prints Plus, Inc.                    |                                | Delaware                          |                                    | United      States                   |
|                                          | Ridgedale      Prints Plus, Inc.    |                              | Minnesota                               |                                 | United      States |
|                                          |                                |                              |                                    |                                 |
| CPI      Portrait Studios de Mexico           |                                |                              |                                    |                                 |
|                                          | S.      de R.L. de C.V.             |                              | Monterrey,      Nuevo Leon              |                                 | Mexico |
|                                          |                                |                              |                                    |                                 |
| CPI      International Holdings, Inc.         |                                | Delaware                          |                                    | United      States                   |
|                                          |                                |                              |                                    |                                 |
| CPI      Canadian Holdings, Inc.              |                                | Delaware                          |                                    | United      States                   |
|                                          |                                |                              |                                    |                                 |
| CPI      Canadian Images                      |                                | Ontario                           |                                    | Canada                               |
|                                          |                                |                              |                                    |                                 |
| CPI      Portrait Studios of Canada Corp.     |                                | Nova      Scotia                  |                                    | Canada                               |
|                                          |                                |                              |                                    |                                 |
| Texas      Portraits, L.P.                    |                                | Delaware                          |                                    | United      States                   |
|                                          |                                |                              |                                    |                                 |
| American      Studios de Mexico, S.A. de C.V. |                                |                              |                                    | Mexico                               |