**Exhibit 8.1**

 

**List ofsubsidiaries**

 

 
| **Subsidiary Names by Country of Registration** | ** ** | **%****Ownership** | ** ** |
|-------------------------------------------------|------------|--------------------|------------|
| ** **                                      | ** ** | ** **         | ** ** |
| **Argentina**                                   |       |               |       |
| Smurfit 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  Interwell GmbH & Co KG             |       | 100.0              |       |
| Smurfit  Interwell Management GmbH              |       | 100.0              |       |
| Smurfit  Interwell Vermogensverwaltung GmbH     |       | 100.0              |       |
| Smurfit  Wellkart GmbH                          |       | 100.0              |       |
|                                            |       |               |       |
| **Belgium**                                     |       |               |       |
| Cartomills  Luxembourg SPRL                     |       | 100.0              |       |
| Cartomills  SPRL                                |       | 100.0              |       |
| Smurfit  Général Emballages S.A.      |       | 100.0              |       |
| SSCC Belgium  Holdings SPRL                     |       | 100.0              |       |
| Kappa  Spaarpapier N.V.                         |       | 100.0              |       |
| Kappa  Drogenbos N.V.                           |       | 100.0              |       |
| Kappa Van  Mierlo N.V.                          |       | 100.0              |       |
| Kappa  Turnhout N.V.                            |       | 100.0              |       |
| Kappa  Boxcentre Olen N.V.                      |       | 100.0              |       |
| Kappa  Interbox N.V.                            |       | 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 Bag  in Box Canada Limited              |       | 100.0              |       |
| Smurfit  Canada Holdings 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  Packaging Czech, s.r.o.                          |       | 100.0              |       |
| Kappa  Packaging Czech, s.r.o.                          |       | 100.0              |       |
| Kappa Empack  s.r.o.                                    |       | 100.0              |       |
| Kappa  Packaging Czech, s.r.o.                          |       | 100.0              |       |
| Kappa  Packaging Olomouc, s.r.o.                        |       | 100.0              |       |
|                                                    |       |               |       |
| **Denmark**                                             |       |               |       |
| Smurfit  Holdings A/S                                   |       | 100.0              |       |
| Smurfit  Neopac A/S                                     |       | 100.0              |       |
| Kappa  Packaging Danmark A/S                            |       | 100.0              |       |
| Kappa Dansk  Kraftemballage A/S                         |       | 100.0              |       |
| Kappa Borup  A/S                                        |       | 100.0              |       |
| Kappa  Corrpack A/S                                     |       | 100.0              |       |
| Kappa  CorrPrint A/S                                    |       | 100.0              |       |
| Kappa Ejby  A/S                                         |       | 100.0              |       |
| Kappa  Emballage A/S                                    |       | 100.0              |       |
| Kappa  Støvring A/S                                |       | 100.0              |       |
| Kappa Varde  A/S                                        |       | 100.0              |       |
| Kappa  Dyboflex A/S                                     |       | 100.0              |       |
| Kappa DieCut  A/S                                       |       | 100.0              |       |
| Kappa  ConsumerProducts 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              |       |
| Kilvere  Limited                                        |       | 100.0              |       |
| Netadvance  plc                                         |       | 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  Communications U.K. Limited                    |       | 100.0              |       |
| Smurfit  Corrugated Holdings                            |       | 100.0              |       |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **%****Ownership** | ** ** |
|-------------------------------------------------|------------|--------------------|------------|
| ** **                                      | ** ** | ** **         | ** ** |
| Smurfit  Corrugated UK Limited                  |       | 100.0              |       |
| Smurfit Fine  Paper Limited                     |       | 100.0              |       |
| Smurfit  Investments 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 UK  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              |       |
| Kappa  Packaging UK Limited                     |       | 100.0              |       |
| Kappa Paper  Recycling (UK)                     |       | 100.0              |       |
| Kappa SSK  Ltd.                                 |       | 100.0              |       |
| Kappa  Containerboard UK Ltd.                   |       | 100.0              |       |
| Kappa  Corrugated UK Limited                    |       | 100.0              |       |
| Kappa  Graphic Board (UK) Ltd                   |       | 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**                                      |       |               |       |
| C.A.P. SAS                                      |       | 71.7               |       |
| Cartomills  France, S.A.R.L.                    |       | 100.0              |       |
| Cartonnage  de Colmar SAS                       |       | 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 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              |       |
| Emballages  Caner SAS                           |       | 99.0               |       |
| FERROB SAS                                      |       | 99.7               |       |
| INTERFOR  S.A.                                  |       | 98.8               |       |
| MGC  Cartonnage S.A.                            |       | 50.0               |       |
| Poitou  Cartons SAS                             |       | 100.0              |       |
| SCI Les  Echets                                 |       | 100.0              |       |
| Seviac SAS                                      |       | 99.4               |       |
| Smurfit Alma  SAS                               |       | 99.8               |       |
| Smurfit  Bag-in-Box S.A.                        |       | 100.0              |       |
| Smurfit  Bizet SAS                              |       | 99.8               |       |
| Smurfit  Cellulose du Pin SAS                   |       | 100.0              |       |
| Smurfit  Chaillot SAS                           |       | 100.0              |       |
| Smurfit  Cognac SAS                             |       | 100.0              |       |

 

----

 
| **Subsidiary Names by Country of Registration**                              | ** ** | **%****Ownership** | ** ** |
|------------------------------------------------------------------------------|------------|--------------------|------------|
| ** **                                                                   | ** ** | ** **         | ** ** |
| Smurfit  Comptoir Du Pin SAS                                                 |       | 100.0              |       |
| Smurfit  Distribution SAS                                                    |       | 98.3               |       |
| Smurfit  Europe S.A.S.                                                       |       | 100.0              |       |
| Smurfit  Goethe SAS                                                          |       | 99.8               |       |
| Smurfit  Holdings France S.A.                                                |       | 99.8               |       |
| Smurfit  International France S.A.                                           |       | 100.0              |       |
| Smurfit  Investments France S.A.                                             |       | 99.9               |       |
| Smurfit  Kleber SAS                                                          |       | 100.0              |       |
| Smurfit  Lembacel                                                            |       | 100.0              |       |
| Smurfit  Papier Recyclé France S.A.S.                                   |       | 100.0              |       |
| Smurfit  Parnalland SAS                                                      |       | 99.6               |       |
| Smurfit PLV  Lyon SAS                                                        |       | 100.0              |       |
| Smurfit PLV  Paris SAS                                                       |       | 100.0              |       |
| Smurfit  Ponts et Marais SA                                                  |       | 98.9               |       |
| Smurfit Rol  Pin SAS                                                         |       | 100.0              |       |
| Smurfit  Socar S.A.                                                          |       | 99.8               |       |
| Smurfit  Somica SAS                                                          |       | 99.5               |       |
| Smurfit  Uzerche S.A.                                                        |       | 100.0              |       |
| Smurfit  Worldwide Research Europe                                           |       | 100.0              |       |
| Smurfit  Provence Alpes Cote d’Azur SA                                  |       | 98.6               |       |
| 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              |       |
| Kappa France  SAS                                                            |       | 100.0              |       |
| Kappa  Containerboard France SAS                                             |       | 100.0              |       |
| Kappa  Graphic Board S.A.                                                    |       | 100.0              |       |
| Kappa  Central Pac SAS                                                       |       | 100.0              |       |
| Kappa Dore  Emballage SAS                                                    |       | 100.0              |       |
| Kappa Maine  Emballages SAS                                                  |       | 100.0              |       |
| Kappa SCAO  SAS                                                              |       | 100.0              |       |
| Kappa SIEMCO  SAS                                                            |       | 100.0              |       |
| Kappa Carton  France S.a.r.l.                                                |       | 100.0              |       |
| Kappa  Agripack SARL                                                         |       | 100.0              |       |
| Kappa  Graphila SARL                                                         |       | 100.0              |       |
| Kappa  Mennecy Paper S.A.                                                    |       | 100.0              |       |
|                                                                         |       |               |       |
| **Germany**                                                                  |       |               |       |
| C.D. Haupt  Papier-und Pappenfabrik GmbH & Co. KG                        |       | 100.0              |       |
| Diekra-Speditions  GmbH                                                      |       | 92.0               |       |
| Grundstrucks-  Verwaltungsgesellschaft Altona mbh                            |       | 100.0              |       |
| Leasing-  Kontor fur Investitionsguter GmbH                                  |       | 100.0              |       |
| Liquiwell  Systemverpackungen GMBH                                           |       | 79.0               |       |
| Papierverwaltungs-gesellschaft  Wrexen GmbH                                  |       | 100.0              |       |
| PKI  Verwaltungs GmbH                                                        |       | 100.0              |       |
| Schneverdinger  Wellpappenwerk GmbH                                          |       | 100.0              |       |
| Smurfit  Cellulose du Pin (Deutschland) GmbH                                 |       | 100.0              |       |
| Smurfit  Deutschland GmbH                                                    |       | 100.0              |       |
| Smurfit  Europa Carton GmbH                                                  |       | 100.0              |       |
| Smurfit Eurotrend  GmbH                                                      |       | 100.0              |       |
| Smurfit  Germany-Recycling GmbH                                              |       | 100.0              |       |
| Smurfit  Holdings GmbH                                                       |       | 100.0              |       |
| Smurfit  Lembacel Deutschland GmbH                                           |       | 100.0              |       |
| Smurfit  Verwaltungs GmbH                                                    |       | 100.0              |       |
| Wellit  Wellpappenfabrik GmbH & Co.                                      |       | 100.0              |       |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **%****Ownership** | ** ** |
|-------------------------------------------------|------------|--------------------|------------|
| ** **                                      | ** ** | ** **         | ** ** |
| Wellit  Wellpappenfabrik Verwaltungs GmbH       |       | 100.0              |       |
| Wellpappenwerk  Waren GmbH                      |       | 100.0              |       |
| Kappa  Packaging (Deutschland) GmbH             |       | 100.0              |       |
| Kappa  Levison GmbH                             |       | 100.0              |       |
| Kappa  Zülpich Papier GmbH                 |       | 100.0              |       |
| Kappa  Wiesloch Papier GmbH                     |       | 100.0              |       |
| Kappa  Containerboard Deutschland GmbH          |       | 100.0              |       |
| Kappa  Herzberger Papierfabrik GmbH             |       | 100.0              |       |
| Kappa  BADENKARTON GmbH                         |       | 100.0              |       |
| Kappa  Graphic Board GmbH                       |       | 100.0              |       |
| Kappa  RapidCorr GmbH                           |       | 100.0              |       |
| Kappa  RapidCorr Euskirchen GmbH                |       | 100.0              |       |
| Kappa Herzberger  Wellpappe GmbH                |       | 100.0              |       |
| Kappa Kawell  GmbH                              |       | 100.0              |       |
| Kappa  Rheinwelle GmbH                          |       | 100.0              |       |
| Kappa  Topwell Verpackungen GmbH                |       | 100.0              |       |
| Kappa Sieger  GmbH                              |       | 100.0              |       |
| Kappa  Wellpappe Lübeck GmbH               |       | 100.0              |       |
| Kappa  Holfelder Werke GmbH & Co. KG        |       | 100.0              |       |
| Kappa Nordwell  GmbH                            |       | 100.0              |       |
| Kappa BADEN  PACKAGING GmbH                     |       | 100.0              |       |
| Kappa  Herzberger Papierfabrik GmbH             |       | 100.0              |       |
| Kappa  Verpackungswerk Neuss GmbH               |       | 100.0              |       |
| Kappa Espac  GmbH                               |       | 100.0              |       |
|                                            |       |               |       |
| **Gibraltar**                                   |       |               |       |
| 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                            |       | 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              |       |

 

----

 
| **Subsidiary Names by Country of Registration**      | ** ** | **%****Ownership** | ** ** |
|------------------------------------------------------|------------|--------------------|------------|
| ** **                                           | ** ** | ** **         | ** ** |
| Gourdas  Limited                                     |       | 100.0              |       |
| Gweebara  Limited                                    |       | 100.0              |       |
| Headley  Holdings                                    |       | 100.0              |       |
| 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              |       |
| Jefferson  Smurfit Group Limited                     |       | 100.0              |       |
| JSG  Acquisitions                                    |       | 100.0              |       |
| JSG Funding  plc                                     |       | 100.0              |       |
| JSG Holdings  plc                                    |       | 100.0              |       |
| King Robert  Limited                                 |       | 100.0              |       |
| Kufpent  Limited                                     |       | 100.0              |       |
| Margrave  Investments Limited                        |       | 100.0              |       |
| Queen  Mathilda Limited                              |       | 100.0              |       |
| Smurfit  Capital                                     |       | 100.0              |       |
| Smurfit  Capital Funding Limited                     |       | 100.0              |       |
| Smurfit  Capital Leasing                             |       | 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  European Packaging Limited                  |       | 100.0              |       |
| Smurfit  Holdings Limited                            |       | 100.0              |       |
| Smurfit  International Limited                       |       | 100.0              |       |
| Smurfit  Investments (Ireland) Limited               |       | 100.0              |       |
| Smurfit  Ireland Limited                             |       | 100.0              |       |
| Smurfit  Irish Paper Sacks Limited                   |       | 100.0              |       |
| Smurfit Job  Creation Enterprise Fund Limited        |       | 100.0              |       |
| Smurfit  Natural Resources Limited                   |       | 100.0              |       |
| Smurfit News  Press Limited                          |       | 100.0              |       |
| Smurfit  Packaging Corporation Limited               |       | 100.0              |       |
| Smurfit  Publications Limited                        |       | 100.0              |       |
| Smurfit  Recycling Ireland Limited                   |       | 100.0              |       |
| Smurfit  Securities Limited                          |       | 100.0              |       |
| Smurfit  Services 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               |       |
| Nettingsdorfer  Italia S.p.A.                        |       | 100.0              |       |
| Smurfit  Carta S.r.l.                                |       | 100.0              |       |
| Smurfit  Holdings & Services Italia S.p.A        |       | 100.0              |       |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **%****Ownership** | ** ** |
|-------------------------------------------------|------------|--------------------|------------|
| ** **                                      | ** ** | ** **         | ** ** |
| Smurfit SKA,  s.r.l.                            |       | 99.2               |       |
| Smurfit-SISA  S.p.A.                            |       | 89.5               |       |
| Vitop  Moulding S.r.L.                          |       | 100.0              |       |
| Kappa  Packaging SpA                            |       | 100.0              |       |
| Kappa  Graphic Board S.r.l.                     |       | 100.0              |       |
|                                            |       |               |       |
| **Jersey**                                      |       |               |       |
| Richview  Properties Limited                    |       | 100.0              |       |
| Sminho  Limited                                 |       | 100.0              |       |
|                                            |       |               |       |
| **Lithuania**                                   | ** ** | ** **         | ** ** |
| Kappa  Packaging Baltic Ltd.                    |       | 100.0              |       |
|                                            |       |               |       |
| **Luxembourg**                                  |       |               |       |
| Smurfit  International Luxembourg 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              |       |
| JSG Finance  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 De  Halm Karton B.V.                    |       | 100.0              |       |
| Smurfit  Golfkarton B.V.                        |       | 100.0              |       |
| Smurfit  Holdings B.V.                          |       | 100.0              |       |
| Smurfit  International B.V.                     |       | 100.0              |       |
| Smurfit  Investments B.V.                       |       | 100.0              |       |
| Smurfit  Nederland Holding BV                   |       | 100.0              |       |
| Smurfit  Shared Services BV                     |       | 100.0              |       |
| Smurfit  Solidpack BV                           |       | 100.0              |       |
| Trobox  Kartonnages BV                          |       | 100.0              |       |
| Trobox  Verpakkingen B.V.                       |       | 100.0              |       |
| Kappa Beheer  B.V.                              |       | 100.0              |       |
| Kappa  Packaging B.V.                           |       | 100.0              |       |
| Kappa  Packaging Nederland Holding B.V.         |       | 100.0              |       |
| Kappa  Packaging Nederland B.V.                 |       | 100.0              |       |
| Kappa  Packaging International B.V.             |       | 100.0              |       |
| Kappa  Packaging Development Centre B.V.        |       | 100.0              |       |
| Kappa Paper  Recycling B.V.                     |       | 100.0              |       |
| AVR-Rietveld  C.V.                              |       | 50.0               |       |
| Kappa  Roermond Papier B.V.                     |       | 100.0              |       |
| Kappa  Containerboard B.V.                      |       | 100.0              |       |
| Kappa  Containerboard Benelux B.V.              |       | 100.0              |       |
| Kappa Triton  B.V.                              |       | 100.0              |       |
| Kappa Attica  B.V.                              |       | 100.0              |       |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **%****Ownership** | ** ** |
|-------------------------------------------------|------------|--------------------|------------|
| ** **                                      | ** ** | ** **         | ** ** |
| Kappa  Graphic Board B.V.                       |       | 100.0              |       |
| Kappa  Graphic Board USA B.V.                   |       | 100.0              |       |
| Kappa  RapidCorr Eindhoven B.V.                 |       | 100.0              |       |
| Kappa Hermes  N.V.                              |       | 100.0              |       |
| Kappa  Oudenbosch Golfkarton B.V.               |       | 100.0              |       |
| Kappa  TWINCORR B.V.                            |       | 100.0              |       |
| Kappa De  Zeeuw Golfkarton B.V.                 |       | 100.0              |       |
| Kappa Vandra  Golfkarton B.V.                   |       | 100.0              |       |
| Kappa Van  Dam Golfkarton B.V.                  |       | 100.0              |       |
| Kappa Zedek  B.V.                               |       | 100.0              |       |
| Kappa  Orko-Pak B.V.                            |       | 100.0              |       |
| Kappa “GSF”  B.V.                     |       | 100.0              |       |
| Kappa  Trimbach B.V.                            |       | 100.0              |       |
| Kappa Quama  International 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**                                      |       |               |       |
| Smurfit  Norpapp A/S                            |       | 100.0              |       |
| Smurfit  Sunland-Eker A/S                       |       | 100.0              |       |
| Kappa  Grenland AS                              |       | 100.0              |       |
| Kappa Rena  AS                                  |       | 100.0              |       |
|                                            |       |               |       |
| **Panama**                                      |       |               |       |
| Egmont  International Corporation               |       | 100.0              |       |
|                                            |       |               |       |
| **Poland**                                      |       |               |       |
| Europa  Carton Sp. z.o.o                        |       | 100.0              |       |
| Smurfit Packaging  Sp. z.o.o                    |       | 100.0              |       |
| Smurfit  Paper Sacks (Polska) Sp.z o.o          |       | 99.4               |       |
| Kappa  Drezdenko Sp.z o.o.                      |       | 100.0              |       |
| Kappa Konin  Sp.z o.o.                          |       | 100.0              |       |
| Kappa Gdansk  Sp.z o.o.                         |       | 100.0              |       |
| Kappa  Warszawa Sp.z o.o.                       |       | 100.0              |       |
|                                            |       |               |       |
| **Portugal**                                    |       |               |       |
| Smurfit  Portugal, Industrial del Cartao        |       | 94.9               |       |
|                                            |       |               |       |
| **Puerto  Rico**                                |       |               |       |
| Fibras  Internacionales de Puerto Rico, Inc.    |       | 87.5               |       |
|                                            |       |               |       |
| **Russia**                                      | ** ** | ** **         | ** ** |
| Kappa St.  Petersburg A/O                       |       | 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**                                    |       |               |       |
| Kappa  Štúrovo, a.s.                  |       | 98.5               |       |
| Kappa Obaly  Štúrovo a.s.             |       | 98.5               |       |
|                                            |       |               |       |
| **Spain**                                       |       |               |       |
| Central  Forestal S.A.                          |       | 99.8               |       |
| Navarra  Ecoenergy S.L.                         |       | 100.0              |       |
| Smurfit  Container Espana SL                    |       | 100.0              |       |
| Smurfit  Ecoenergy SL                           |       | 100.0              |       |
| Smurfit  Espana, S.A.                           |       | 100.0              |       |
| Smurfit  Ibersac, S.A. (IBERSAC)                |       | 100.0              |       |
| Smurfit  Navarra S.A.                           |       | 97.7               |       |
| Smurfit  Nervión, S.A.                     |       | 99.3               |       |
| Kappa  Packaging España SL                 |       | 100.0              |       |
| Kappa  Containerboard Ibérica, S.L.        |       | 100.0              |       |
| Kappa  Graphic Board S.A.                       |       | 100.0              |       |
| Kappa  Iberoamericana, S.A.                     |       | 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  Iberoamericana Jerez, S.L.               |       | 100.0              |       |
|                                            |       |               |       |
| **South  Africa**                               | ** ** | ** **         | ** ** |
| Kappa Solid  Board SA (Pty) Ltd.                |       | 100.0              |       |
|                                            |       |               |       |
| **Sweden**                                      |       |               |       |
| AB Johnson  Medisafe                            |       | 100.0              |       |
| Smurfit  Pappersbruk AB                         |       | 100.0              |       |
| Bivouac AB                                      |       | 100.0              |       |
| Smurfit  Invest AB                              |       | 100.0              |       |
| Smurfit  Trade AB                               |       | 100.0              |       |
| Industri AB  Viskan                             |       | 100.0              |       |
| Jonsac AB                                       |       | 99.4               |       |
| Ljungdahls  Mailman AB                          |       | 100.0              |       |
| Smurfit  Intressenter AB                        |       | 100.0              |       |
| Smurfit  Kartong AB                             |       | 100.0              |       |
| Nya Boardtex  AB                                |       | 100.0              |       |
| Smurfit  Packaging Borjesson AB                 |       | 100.0              |       |
| Smurfit  Holdings AB                            |       | 100.0              |       |
| Smurfit  Packaging Johnson Emballage AB         |       | 100.0              |       |
| Smurfit  Packaging Display AB                   |       | 100.0              |       |
| Smurfit  Hygien AB                              |       | 100.0              |       |
| Smurfit  Lagamill AB                            |       | 99.6               |       |
| Smurfit  Packaging AB                           |       | 100.0              |       |
| Smurfit  Packaging On Well AB                   |       | 100.0              |       |
| Smurfit  Packaging Pegewell AB                  |       | 100.0              |       |
| StälliWell  AB                             |       | 100.0              |       |
| Kappa  Packaging Sweden AB                      |       | 100.0              |       |
| Kappa  Kraftliner AB                            |       | 100.0              |       |

 

----

 
| **Subsidiary Names by Country of Registration** | ** ** | **%****Ownership** | ** ** |
|-------------------------------------------------|------------|--------------------|------------|
| ** **                                      | ** ** | ** **         | ** ** |
| Kappa  Förenade Well AB                    |       | 100.0              |       |
| Kappa Mittpac  AB                               |       | 100.0              |       |
| Kappa  Mälarwell AB                        |       | 100.0              |       |
| Kappa  Weltillverkaren AB                       |       | 100.0              |       |
|                                            |       |               |       |
| **Switzerland**                                 | ** ** | ** **         | ** ** |
| Kappa  Containerboard AG                        |       | 100.0              |       |
| Kappa  Swisswell AG                             |       | 100.0              |       |
|                                            |       |               |       |
| **Trinidad  and Tobago**                        |       |               |       |
| Smurfit  Trinidad Limited                       |       | 83.4               |       |
|                                            |       |               |       |
| **United  States**                              |       |               |       |
| JSC Aviation,  Inc                              |       | 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               |       |

 

----