**Exhibit8.1**

**List of subsidiaries**

 
| **Subsidiary Names by Country of Registration** | ** ** | **% Ownership** |
|-------------------------------------------------|------------|-----------------|
| **Argentina**                                   |       |            |
| Smurfit Kappa de Argentina S.A.                 |       | 100.0           |
| **Austria**                                     |       |            |
| Nettingsdorfer Papierfabrik AG & Co KG      |       | 100.0           |
| Nettingsdorfer Papierfabrik Management AG       |       | 100.0           |
| Nettingsdorfer Service Center Management GmbH   |       | 100.0           |
| Nettingsdorfer Service Centre GmbH & Co KG  |       | 100.0           |
| Smurfit Kappa Interwell GmbH & Co KG        |       | 100.0           |
| Smurfit Kappa Interwell Management GmbH         |       | 100.0           |
| Smurfit Interwell Vermogensverwaltung GmbH      |       | 100.0           |
| Smurfit Kappa Wellkart GmbH                     |       | 100.0           |
| **Belgium**                                     |       |            |
| Cartomills Luxembourg SPRL                      |       | 100.0           |
| Cartomills SPRL                                 |       | 100.0           |
| Kappa Boxcentre Olen N.V.                       |       | 100.0           |
| Kappa Drogenbos N.V.                            |       | 100.0           |
| Kappa Interbox N.V.                             |       | 100.0           |
| Kappa Spaarpapier N.V.                          |       | 100.0           |
| Kappa Turnhout N.V.                             |       | 100.0           |
| Kappa Van Mierlo N.V.                           |       | 100.0           |
| SSCC Belgium Holdings SPRL                      |       | 100.0           |
| **Bermuda**                                     |       |            |
| Belguard Insurance Limited                      |       | 100.0           |
| Cariven Investments Limited                     |       | 100.0           |
| Fibras Limited                                  |       | 87.8            |
| L.A. Services Limited                           |       | 100.0           |
| Papelera Industrial Limited                     |       | 50.0            |
| S.A. Services Limited                           |       | 100.0           |
| S.I. Holdings Limited                           |       | 100.0           |
| S.M. Finance Limited                            |       | 100.0           |
| Trinmills Limited                               |       | 100.0           |
| **Brazil**                                      |       |            |
| Smurfit do Brasil Participacoes Ltda            |       | 100.0           |
| **Canada**                                      |       |            |
| Smurfit Canada Holdings Limited                 |       | 100.0           |
| Smurfit Kappa Bag in Box Canada Limited         |       | 100.0           |
| **Cayman Islands**                              |       |            |
| Adavale Global Holdings Limited                 |       | 100.0           |
| Tops Series XVIII Limited                       |       | 100.0           |
| **Chile**                                       |       |            |
| Smurfit Chile S.A.                              |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration**         | ** ** | **% Ownership** |
|---------------------------------------------------------|------------|-----------------|
| **Colombia**                                            |       |            |
| Carton de Colombia, S.A.                                |       | 69.9            |
| Celulosa y Papel de Colombia, S.A.                      |       | 66.3            |
| Compania Colombiana de Empaques Bates, S.A.             |       | 60.1            |
| Compania Venezolana de Empaques Bates Colombates,  S.A. |       | 56.6            |
| Reforestadora Andina, S.A.                              |       | 68.9            |
| Reforestadora del Cauca, S.A.                           |       | 66.0            |
| Trans-Bosnal Ltda                                       |       | 69.6            |
| **Costa Rica**                                          |       |            |
| Smurfit Costa Rica S.A.                                 |       | 100.0           |
| **Czech Republic**                                      | ** ** | ** **      |
| Kappa Empack s.r.o.                                     |       | 100.0           |
| Kappa Packaging Olomouc, s.r.o.                         |       | 100.0           |
| Smurfit Kappa Packaging Czech, s.r.o.                   |       | 100.0           |
| **Denmark**                                             |       |            |
| Kappa Borup A/S                                         |       | 100.0           |
| Kappa ConsumerProducts A/S                              |       | 100.0           |
| Kappa Corrpack A/S                                      |       | 100.0           |
| Kappa CorrPrint A/S                                     |       | 100.0           |
| Kappa Dansk Kraftemballage A/S                          |       | 100.0           |
| Kappa DieCut A/S                                        |       | 100.0           |
| Kappa Dyboflex A/S                                      |       | 100.0           |
| Kappa Ejby A/S                                          |       | 100.0           |
| Kappa Emballage A/S                                     |       | 100.0           |
| Kappa Packaging Denmark AS                              |       | 100.0           |
| Kappa Støvring A/S                                 |       | 100.0           |
| Kappa Varde A/S                                         |       | 100.0           |
| Smurfit Holdings A/S                                    |       | 100.0           |
| **Dominican Republic**                                  |       |            |
| Industria Cartonera Dominicana SA                       |       | 80.0            |
| **England**                                             |       |            |
| Alpine Linerboard Products Limited                      |       | 100.0           |
| Badger Publishing Limited                               |       | 100.0           |
| Cundell Group Holdings Limited                          |       | 100.0           |
| Cundell Property Holdings Limited                       |       | 100.0           |
| Fishergate Properties Limited                           |       | 100.0           |
| Kappa Containerboard UK Limited                         |       | 100.0           |
| Kappa Corrugated UK Limited                             |       | 100.0           |
| Kappa Packaging UK Limited                              |       | 100.0           |
| Kappa Paper Recycling (UK)                              |       | 100.0           |
| Kappa Paper, Board and Packaging Limited                |       | 100.0           |
| Kappa SSK Limited                                       |       | 100.0           |
| Kilvere Limited                                         |       | 100.0           |
| Norcor Holdings Limited                                 |       | 100.0           |
| Norcor Trustees Limited                                 |       | 100.0           |
| Norwich Corrugated Board Limited                        |       | 100.0           |
| Olympic Containers Limited                              |       | 100.0           |
| Paper Packaging Products Limited                        |       | 100.0           |
| Smurfit Aviation Limited                                |       | 100.0           |
| Smurfit Corrugated Holdings                             |       | 100.0           |
| Smurfit Corrugated UK Limited                           |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **% Ownership** |
|-------------------------------------------------|------------|-----------------|
| Smurfit Fine Paper  Limited                     |       | 100.0           |
| Smurfit Kappa Investments UK Limited            |       | 100.0           |
| Smurfit Kappa UK Limited                        |       | 100.0           |
| Smurfit Overseas Limited                        |       | 100.0           |
| Smurfit TPD Limited                             |       | 95.0            |
| Smurfit Tubes (Leek) Limited                    |       | 100.0           |
| Smurfit Tubes Limited                           |       | 100.0           |
| Smurfit Ward Limited                            |       | 99.3            |
| Southwold Packaging Limited                     |       | 100.0           |
| Tops Series XVIII Container Holdings Limited    |       | 100.0           |
| Townsend Hook Group Limited                     |       | 100.0           |
| Townsend Hook Limited                           |       | 100.0           |
| **Ecuador**                                     |       |            |
| Smurfit Ecuador, S.A.                           |       | 68.1            |
| **Finland**                                     | ** ** | ** **      |
| Kappa Corrugated Finland Oy                     |       | 100.0           |
| Kappa Pakite Oy                                 |       | 100.0           |
| Kappa Pirkan Pakkaus Oy                         |       | 100.0           |
| Kappa Seinäjoki Oy                         |       | 100.0           |
| **France**                                      |       |            |
| Alfa d’Avignon SAS                         |       | 100.0           |
| C.A.P. SAS                                      |       | 71.7            |
| Cartomills France, S.A.R.L.                     |       | 100.0           |
| Cartonnage de Colmar SAS                        |       | 100.0           |
| Cartonnage Robert Delubac EURL                  |       | 100.0           |
| Cartonnage Services Emballages de Provence SAS  |       | 99.9            |
| Cartonnages De l’Agenais SAS               |       | 100.0           |
| Cartonnages de Lorraine SAS                     |       | 98.1            |
| Cartonnerie d’Aquitaine SAS                |       | 100.0           |
| Cartonnerie de Beausoleil SAS                   |       | 100.0           |
| Cartonnerie de Gravelines SAS                   |       | 99.6            |
| Cartonnerie de Lestrem S.A.                     |       | 100.0           |
| Cartonnerie de l’Ile de France SAS         |       | 100.0           |
| Cartonnerie de Maurepas SAS                     |       | 100.0           |
| Cartonneries Nouvelles de Champagne CNC SAS     |       | 100.0           |
| Cevennes Emballages SAS                         |       | 100.0           |
| FERROB SAS                                      |       | 99.7            |
| INTERFOR S.A.                                   |       | 98.8            |
| Martin Guillemin SA                             |       | 98.2            |
| MGC Cartonnage S.A.                             |       | 50.0            |
| Poitou Cartons SAS                              |       | 100.0           |
| SCI Les Echets                                  |       | 100.0           |
| Seviac SAS                                      |       | 99.4            |
| Smurfit Distribution Mediterranee SAS           |       | 99.0            |
| Smurfit Kappa Agripack SARL                     |       | 100.0           |
| Smurfit Kappa Alma SAS                          |       | 99.8            |
| Smurfit Kappa Bag-in-Box S.A.                   |       | 100.0           |
| Smurfit Kappa Bizet SAS                         |       | 99.8            |
| Smurfit Kappa Carton France S.a.r.l.            |       | 100.0           |
| Smurfit Kappa Cellulose du Pin SAS              |       | 100.0           |
| Smurfit Kappa Central Pac SAS                   |       | 100.0           |
| Smurfit Kappa Chaillot SAS                      |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration**                              | ** ** | **% Ownership** |
|------------------------------------------------------------------------------|------------|-----------------|
| Smurfit Kappa Cognac  SAS                                                    |       | 100.0           |
| Smurfit Kappa Comptoirs du Pin SAS                                           |       | 100.0           |
| Smurfit Kappa Containerboard France SAS                                      |       | 100.0           |
| Smurfit Kappa Distribution SAS                                               |       | 98.3            |
| Smurfit Kappa Dore Emballage SAS                                             |       | 100.0           |
| Smurfit Kappa Europe S.A.S.                                                  |       | 100.0           |
| Smurfit Kappa France SAS                                                     |       | 100.0           |
| Smurfit Kappa Goethe SAS                                                     |       | 99.8            |
| Smurfit Kappa Holding Socar S.A.                                             |       | 99.8            |
| Smurfit Kappa Holdings France S.A.                                           |       | 99.8            |
| Smurfit Kappa International France S.A.                                      |       | 100.0           |
| Smurfit Kappa Investments France S.A.S.                                      |       | 99.9            |
| Smurfit Kappa Kleber SAS                                                     |       | 100.0           |
| Smurfit Kappa Maine Emballages SAS                                           |       | 100.0           |
| Smurfit kappa Parnalland SAS                                                 |       | 99.6            |
| Smurfit Kappa Participations SAS                                             |       | 100.0           |
| Smurfit Kappa PLV Lyon SAS                                                   |       | 100.0           |
| Smurfit Kappa PLV Paris SAS                                                  |       | 100.0           |
| Smurfit Kappa Product Safety                                                 |       | 100.0           |
| Smurfit Kappa Provence Alpes Cote d’Azur SA                             |       | 98.6            |
| Smurfit Kappa Rol Pin SAS                                                    |       | 100.0           |
| Smurfit Kappa SCAO SAS                                                       |       | 100.0           |
| Smurfit Kappa SIEMCO SAS                                                     |       | 100.0           |
| Smurfit Kappa Somica SAS                                                     |       | 99.5            |
| Smurfit Lembacel                                                             |       | 100.0           |
| Smurfit Limousin SAS                                                         |       | 100.0           |
| Smurfit Marceau SAS                                                          |       | 100.0           |
| Smurfit Montaigne S.A.                                                       |       | 100.0           |
| Smurfit Papier Recyclé France S.A.S.                                    |       | 100.0           |
| Smurfit Ponts et Marais SA                                                   |       | 98.9            |
| Smurfit Uzerche S.A.                                                         |       | 100.0           |
| Societe Financiere De La Rue Goethe SAS                                      |       | 99.8            |
| Société Landaise d’Expertises Forestière (SOLEFOR)  SARL |       | 93.0            |
| STA                                                                          |       | 99.7            |
| Tranepac S.A.                                                                |       | 100.0           |
| **Germany**                                                                  |       |            |
| Kappa Holfelder Werke GmbH & Co. KG                                      |       | 100.0           |
| Kappa Nordwell GmbH                                                          |       | 100.0           |
| Kappa Packaging (Deutschland) GmbH                                           |       | 100.0           |
| Liquiwell Systemverpackungen GMBH                                            |       | 79.0            |
| PKI Verwaltungs GmbH                                                         |       | 100.0           |
| Smurfit Eurotrend GmbH                                                       |       | 100.0           |
| Smurfit Kappa Baden Packaging GmbH                                           |       | 100.0           |
| Smurfit Kappa Badenkarton GmbH                                               |       | 100.0           |
| Smurfit Kappa C.D. Haupt Papier-und Pappenfabrik  GmbH & Co. KG          |       | 100.0           |
| Smurfit Kappa Deutschland GmbH                                               |       | 100.0           |
| Smurfit Kappa Diekra-Speditions GmbH                                         |       | 92.0            |
| Smurfit Kappa GmbH                                                           |       | 100.0           |
| Smurfit Kappa Grundstrucks- Verwaltungsgesellschaft  Europa Carton mbh       |       | 100.0           |
| Smurfit Kappa Herzberger Papierfabrik GmbH                                   |       | 100.0           |
| Smurfit Kappa Herzberger Papierfabrik GmbH                                   |       | 100.0           |
| Smurfit Kappa Herzberger Wellpappe GmbH                                      |       | 100.0           |
| Smurfit Kappa Holdings GmbH                                                  |       | 100.0           |
| Smurfit Kappa Kawell GmbH, Osnabrück                                    |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration**           | ** ** | **% Ownership** |
|-----------------------------------------------------------|------------|-----------------|
| Smurfit Kappa Leasing  GmbH                               |       | 100.0           |
| Smurfit Kappa Neuss GmbH                                  |       | 100.0           |
| Smurfit Kappa Paper Sales Deutschland GmbH                |       | 100.0           |
| Smurfit Kappa Papierverwaltungs-gesellschaft Wrexen  GmbH |       | 100.0           |
| Smurfit Kappa RapidCorr Euskirchen GmbH                   |       | 100.0           |
| Smurfit Kappa RapidCorr GmbH                              |       | 100.0           |
| Smurfit Kappa Recycling GmbH                              |       | 100.0           |
| Smurfit Kappa Recycling Mulheim GmbH                      |       | 100.0           |
| Smurfit Kappa Rheinwelle GmbH, Kreuzau                    |       | 100.0           |
| Smurfit Kappa Schneverdinger Wellpappenwerk GmbH          |       | 100.0           |
| Smurfit Kappa Sieger GmbH                                 |       |            |
| Smurfit Kappa Topwell Verpackungen GmbH                   |       | 100.0           |
| Smurfit Kappa Verwaltungs GmbH                            |       | 100.0           |
| Smurfit Kappa Wellit Wellpappenfabrik GmbH & Co.      |       | 100.0           |
| Smurfit Kappa Wellit Wellpappenfabrik Verwaltungs  GmbH   |       | 100.0           |
| Smurfit Kappa Wellpappe Lübeck GmbH                  |       | 100.0           |
| Smurfit Kappa Wellpappenwerk Waren GmbH                   |       | 100.0           |
| Smurfit Kappa Wiesloch Papier GmbH                        |       | 100.0           |
| Smurfit Kappa Zülpich Papier GmbH                    |       | 100.0           |
| Smurfit Lembacel Deutschland GmbH                         |       | 100.0           |
| **Gibraltar**                                             |       |            |
| Bessilton Holdings Limited                                |       | 100.0           |
| Borden Properties Limited                                 |       | 100.0           |
| Gillridge Holdings Limited                                |       | 100.0           |
| S.G.H. Limited                                            |       | 100.0           |
| Sandlee Investments Limited                               |       | 100.0           |
| Wilshaw Investments Limited                               |       | 100.0           |
| **Hong Kong**                                             |       |            |
| Smurfit Asia-Pacific Sales (HK) Ltd.                      |       | 100.0           |
| **Hungary**                                               | ** ** | ** **      |
| Kappa Dunatrade Kft, Esztergon                            |       | 98.5            |
| **Ireland**                                               |       |            |
| Alvecrow Limited                                          |       | 100.0           |
| Arlonberg Limited                                         |       | 100.0           |
| Badcall Limited                                           |       | 100.0           |
| Belgray Holdings                                          |       | 100.0           |
| Brenchley Limited                                         |       | 100.0           |
| Central Waste Paper Company Limited                       |       | 100.0           |
| Chacala Limited                                           |       | 100.0           |
| Chambers Edwards Limited                                  |       | 100.0           |
| Claystoke Limited                                         |       | 100.0           |
| Crayside Limited                                          |       | 100.0           |
| Damous Limited                                            |       | 100.0           |
| Daoura Limited                                            |       | 100.0           |
| Doovane Limited                                           |       | 100.0           |
| Evergem Holdings                                          |       | 100.0           |
| G H Sales Limited                                         |       | 100.0           |
| Gorda Limited                                             |       | 100.0           |
| Gourdas Limited                                           |       | 100.0           |
| Gweebara Limited                                          |       | 100.0           |
| Headley Holdings                                          |       | 100.0           |

 

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| **Subsidiary Names by Country of Registration**     | ** ** | **% Ownership** |
|-----------------------------------------------------|------------|-----------------|
| Iona Print Limited                                  |       | 100.0           |
| Irish Carton Printers Limited                       |       | 100.0           |
| Irish Nursery and Landscape Company Limited         |       | 100.0           |
| iVenus Limited                                      |       | 100.0           |
| J.S. Publications Limited                           |       | 100.0           |
| Jefferson Smurfit & Sons Limited                |       | 100.0           |
| King Robert Limited                                 |       | 100.0           |
| Kufpent Limited                                     |       | 100.0           |
| Margrave Investments Limited                        |       | 100.0           |
| Queen Mathilda Limited                              |       | 100.0           |
| Smurfit Corporate Services Limited                  |       | 100.0           |
| Smurfit Corrugated Cases (Cork) Limited             |       | 100.0           |
| Smurfit Corrugated Ireland                          |       | 100.0           |
| Smurfit Corrugated Research Limited                 |       | 100.0           |
| Smurfit Holdings Limited                            |       | 100.0           |
| Smurfit International Limited                       |       | 100.0           |
| Smurfit Investments (Ireland) Limited               |       | 100.0           |
| Smurfit Job Creation Enterprise Fund Limited        |       | 100.0           |
| Smurfit Kappa Acquisitions                          |       | 100.0           |
| Smurfit Kappa Corporation Limited                   |       | 100.0           |
| Smurfit Kappa European Packaging Limited            |       | 100.0           |
| Smurfit Kappa Funding plc                           |       | 100.0           |
| Smurfit Kappa Holdings plc                          |       | 100.0           |
| Smurfit Kappa Investments Limited                   |       |            |
| Smurfit Kappa Ireland Limited                       |       | 100.0           |
| Smurfit Kappa Irish Paper Sacks Limited             |       | 100.0           |
| Smurfit Kappa Leasing                               |       | 100.0           |
| Smurfit Kappa News Press Limited                    |       | 100.0           |
| Smurfit Kappa Packaging Limited                     |       | 100.0           |
| Smurfit Kappa Recycling Ireland Limited             |       | 100.0           |
| Smurfit Kappa Services Limited                      |       | 100.0           |
| Smurfit Kappa Treasury                              |       | 100.0           |
| Smurfit Kappa Treasury Funding Limited              |       | 100.0           |
| Smurfit Natural Resources Limited                   |       | 100.0           |
| Smurfit Publications Limited                        |       | 100.0           |
| Smurfit Securities Limited                          |       | 100.0           |
| Smurfit Venture Capital Management Services Limited |       | 100.0           |
| Smurfit Venture Investments Limited                 |       | 100.0           |
| Smurfit Web Research Limited                        |       | 100.0           |
| T.P. Properties Limited                             |       | 100.0           |
| TMG Limited                                         |       | 100.0           |
| Trans-Pack Cases Limited                            |       | 100.0           |
| Waterford Castle Golf & Country Club Limited    |       | 100.0           |
| Woodfab Cork Limited                                |       | 100.0           |
| Woodfab Limited                                     |       | 100.0           |
| Woodfab Packaging Limited                           |       | 60.0            |
| **Italy**                                           |       |            |
| BIB Italia                                          |       | 100.0           |
| Fustelpack S.p.A.                                   |       | 69.0            |
| Kappa Graphic Board S.r.l.                          |       | 100.0           |
| Kappa Packaging SpA                                 |       | 100.0           |
| Nettingsdorfer Italia S.p.A.                        |       | 100.0           |
| Smurfit Carta S.r.l.                                |       | 100.0           |
| Smurfit Kappa Holdings Italia S.r.l.                |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **% Ownership** |
|-------------------------------------------------|------------|-----------------|
| Smurfit Kappa SISA  S.p.A.                      |       | 89.5            |
| Smurfit Kappa SKA, s.r.l.                       |       | 99.2            |
| Vitop Moulding S.r.L.                           |       | 100.0           |
| **Jersey**                                      |       |            |
| Richview Properties Limited                     |       | 100.0           |
| Sminho Limited                                  |       | 100.0           |
| **Latvia**                                      | ** ** | ** **      |
| Smurfit Kappa Baltic SIA                        |       | 100.0           |
| **Lithuania**                                   | ** ** | ** **      |
| Smurfit Kappa Baltic UAB                        |       | 100.0           |
| **Luxembourg**                                  |       |            |
| Smurfit International Luxembourg Sarl           |       | 100.0           |
| Smurfit Luxembourg Finance Sarl                 |       | 100.0           |
| Smurfit Luxembourg Partner Sarl                 |       | 100.0           |
| **Mexico**                                      |       |            |
| Grupo Smurfit Mexico, S.A. de C.V.              |       | 100.0           |
| Smurfit Carton y Papel de Mexico, S.A. de C.V.  |       | 100.0           |
| **Monaco**                                      |       |            |
| Smurfit Management Services S.A.M.              |       | 100.0           |
| **Netherlands**                                 |       |            |
| Adavale (Netherlands) B.V.                      |       | 100.0           |
| AVR-Rietveld C.V.                               |       | 50.0            |
| JSG Finance B.V.                                |       | 100.0           |
| Kappa Beheer B.V.                               |       | 100.0           |
| Kappa Packaging Development Centre B.V.         |       | 100.0           |
| Kappa Packaging International B.V.              |       | 100.0           |
| Kappa Packaging Nederland Holding B.V.          |       | 100.0           |
| Packaging Investments Holdings (PIH) B.V.       |       | 100.0           |
| Packaging Investments International (PII) B.V.  |       | 100.0           |
| Packaging Investments Netherlands (PIN) B.V.    |       | 100.0           |
| Smurfit Corrugated B.V.                         |       | 100.0           |
| Smurfit Holdings B.V.                           |       | 100.0           |
| Smurfit International B.V.                      |       | 100.0           |
| Smurfit Investments B.V.                        |       | 100.0           |
| Smurfit Kappa B.V.                              |       | 100.0           |
| Smurfit Kappa Attica B.V.                       |       | 100.0           |
| Smurfit Kappa B.V.                              |       | 100.0           |
| Smurfit Kappa de Halm Karton B.V.               |       | 100.0           |
| Smurfit Kappa De Zeeuw Golfkarton B.V.          |       | 100.0           |
| Smurfit Kappa GSF B.V.                          |       | 100.0           |
| Smurfit Kappa Hermes N.V.                       |       | 100.0           |
| Smurfit Kappa Mercurius B.V.                    |       | 100.0           |
| Smurfit Kappa Nederland B.V.                    |       | 100.0           |
| Smurfit Kappa Orko-Pak B.V.                     |       | 100.0           |
| Smurfit Kappa Oudenbosch Golfkarton B.V.        |       | 100.0           |
| Smurfit Kappa Paper Recycling B.V.              |       | 100.0           |
| Smurfit Kappa Paper Sales Benelux B.V.          |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **% Ownership** |
|-------------------------------------------------|------------|-----------------|
| Smurfit Kappa Paper  Services B.V.              |       | 100.0           |
| Smurfit Kappa RapidCorr Eindhoven B.V.          |       | 100.0           |
| Smurfit Kappa Roermond Papier B.V.              |       | 100.0           |
| Smurfit kappa Shared Services BV                |       | 100.0           |
| Smurfit Kappa Trimbach B.V.                     |       | 100.0           |
| Smurfit Kappa Triton B.V.                       |       | 100.0           |
| Smurfit Kappa TWINCORR B.V.                     |       | 100.0           |
| Smurfit Kappa van Dam Golfkarton B.V.           |       | 100.0           |
| Smurfit Kappa Vandra Golfkarton B.V.            |       | 100.0           |
| Smurfit Nederland Holding BV                    |       | 100.0           |
| Trobox Kartonnages BV                           |       | 100.0           |
| Trobox Verpakkingen B.V.                        |       | 100.0           |
| **Netherlands Antilles**                        |       |            |
| Packaging Finance N.V.                          |       | 100.0           |
| **Northern Ireland**                            |       |            |
| Finlay Packaging plc                            |       | 100.0           |
| SCC (Northern Ireland) Limited                  |       | 100.0           |
| Smurfit Corrugated Cases (Lurgan) Limited       |       | 100.0           |
| Wm. Finlay & Sons Limited                   |       | 100.0           |
| Wm. Finlay (Properties) Limited                 |       | 100.0           |
| **Norway**                                      |       |            |
| Kappa Grenland AS, Porsgrunn                    |       | 100.0           |
| Kappa Rena AS, Rena                             |       | 100.0           |
| Smurfit Dalwell A/S                             |       | 100.0           |
| Smurfit Inpak A/S                               |       | 100.0           |
| Smurfit Norpapp A/S                             |       | 100.0           |
| Smurfit Sunland-Eker A/S                        |       | 100.0           |
| **Panama**                                      |       |            |
| Egmont International Corporation PAN            |       | 100.0           |
| **Poland**                                      |       |            |
| Kappa Drezdenko Sp.z o.o., Drezdenko            |       | 100.0           |
| Kappa Gdansk Sp.z o.o., Pruszcz Gdanski         |       | 100.0           |
| Kappa Konin Sp.z o.o., Warsaw                   |       | 100.0           |
| Kappa Warszawa Sp.z o.o., Warsaw                |       | 100.0           |
| Smurfit Kappa Europa Carton Sp. z.o.o           |       | 100.0           |
| Smurfit Kappa Paper Sacks (Polska) Sp.z o.o     |       | 99.4            |
| **Portugal**                                    |       |            |
| Smurfit Portugal, Industrial del Cartao         |       | 94.9            |
| **Puerto Rico**                                 |       |            |
| Fibras Internacionales de Puerto Rico, Inc.     |       | 87.5            |
| **Russia**                                      | ** ** | ** **      |
| Kappa St. Petersburg A/O, St. Petersburg        |       | 100.0           |
| **Scotland**                                    |       |            |
| Smurfit Corrugated (Scotland) Limited           |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **% Ownership** |
|-------------------------------------------------|------------|-----------------|
| **Singapore**                                   | ** ** | ** **      |
| Kappa Graphic Board Asia Pacific B.V.           |       | 100.0           |
| **Slovakia**                                    |       |            |
| Smurfit Kappa Obaly Štúrovo a.s.      |       | 98.5            |
| Smurfit Kappa Štúrovo, a.s            |       | 98.5            |
| **Spain**                                       |       |            |
| Central Forestal S.A.                           |       | 99.8            |
| Kappa Containerboard Ibérica               |       | 100.0           |
| Kappa Iberoamericana Almeria, S.A.              |       | 100.0           |
| Kappa Iberoamericana Catalunya, S.A.            |       | 100.0           |
| Kappa Iberoamericana Huelva, S.A.               |       | 100.0           |
| Kappa Iberoamericana Totana, S.L.               |       | 100.0           |
| Kappa Iberoamericana, S.A.                      |       | 100.0           |
| Kappa Packaging España SL                  |       | 100.0           |
| Navarra Ecoenergy S.L.                          |       | 100.0           |
| Smurfit Container Espana SL                     |       | 100.0           |
| Smurfit Ecoenergy SL                            |       | 100.0           |
| Smurfit Ibersac, S.A.                           |       | 100.0           |
| Smurfit Kappa Espana, S.A.                      |       | 100.0           |
| Smurfit Kappa Nervión, S.A.                |       | 99.3            |
| Smurfit Navarra S.A.                            |       | 97.7            |
| **South Africa**                                | ** ** | ** **      |
| Kappa Solid Board SA (Pty) Ltd.                 |       | 100.0           |
| **Sweden**                                      |       |            |
| AB Johnson Medisafe                             |       | 100.0           |
| Billingsfors Pappersbruk AB                     |       | 100.0           |
| Boras Invest AB                                 |       | 100.0           |
| Förvaltnings AB Stråken               |       | 100.0           |
| HexaTrade AB                                    |       | 100.0           |
| Industri AB Viskan                              |       | 100.0           |
| Kappa Corrugated Equipment                      |       | 100.0           |
| Kappa Kraftliner AB                             |       | 100.0           |
| Kappa Liquid Packaging                          |       | 100.0           |
| Kappa Mälarwell AB                         |       | 100.0           |
| Kappa Mittpac AB                                |       | 100.0           |
| Kappa Packaging Sweden AB                       |       | 100.0           |
| Kappa Wellpack, Eslöv                      |       | 100.0           |
| Kappa Weltillverkaren AB                        |       | 100.0           |
| Ljungdahls Mailman AB                           |       | 100.0           |
| Nya Boardtex AB                                 |       | 100.0           |
| Smurfit Borjesson Offset AB                     |       | 100.0           |
| Smurfit Holdings AB                             |       | 100.0           |
| Smurfit Hygien AB                               |       | 100.0           |
| Smurfit Johnson Emballage AB                    |       | 100.0           |
| Smurfit Kappa Packaging AB                      |       | 100.0           |
| Smurfit Kappa Sverige AB                        |       | 100.0           |
| Smurfit Lagamill AB                             |       | 100.0           |
| Smurfit On Well AB                              |       | 100.0           |
| Smurfit Packaging Display AB                    |       | 100.0           |
| Smurfit Pegewell AB                             |       | 100.0           |
| StälliWell AB                              |       | 100.0           |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **% Ownership** |
|-------------------------------------------------|------------|-----------------|
| **Switzerland**                                 | ** ** | ** **      |
| Kappa Containerboard AG                         |       | 100.0           |
| Smurfit Kappa Swisswell AG                      |       | 100.0           |
| **Trinidad and Tobago**                         |       |            |
| Smurfit Trinidad Limited                        |       | 83.4            |
| **United States**                               |       |            |
| JSC Aviation, Inc                               |       | 100.0           |
| Kappa Graphic Board USA B.V.                    |       | 100.0           |
| Smurfit Packaging LLC                           |       | 100.0           |
| SPC/Matawan LLC                                 |       | 100.0           |
| SPC/Pomona LLC                                  |       | 100.0           |
| SPC/Tower LLC                                   |       | 100.0           |
| **Uruguay**                                     |       |            |
| Mundo Verde S.A.                                |       | 100.0           |
| Smurfit Uruguay S.A.                            |       | 100.0           |
| **Venezuela**                                   |       |            |
| Agropecuaria Tacamajaca, C.A.                   |       | 87.9            |
| Carton de Venezuela, S.A.                       |       | 87.9            |
| Corporacion Venezolana de Papel C.A.            |       | 68.1            |
| Corrugada Latina & Compania                 |       | 87.9            |
| Corrugadora Latina S.r.L.                       |       | 87.9            |
| Corrugadora Suramericana, C.A.                  |       | 87.9            |
| Industrias Almac, C.A.                          |       | 100.0           |
| Inversiones Isica, C.A.                         |       | 100.0           |
| Reforestadora Dos Refordos, C.A.                |       | 87.8            |
| Reforestadora Uno Reforuno, C.A.                |       | 87.9            |

 

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