Fin. Accounts - Subsidiaries

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ASTRID S.A.ESTEE LAUDER HELLASK. THEODORIDIS S.A.LINCO SP ZOOPACK PLAST CESKA REPUPLIKA S.R.O.POLIPAK Ltd.S. PAROS S.A.SARANTIS BANJA LUKA DOO.SARANTIS BELGRADE LTD.SARANTIS BULGARIA LTD.SARANTIS CZECH REPUBLIC S.R.O.SARANTIS DEUTSCHLAND GMBHSARANTIS FRANCE SARLSARANTIS HUNGARY KFT.SARANTIS POLAND S.A.SARANTIS POLSKA S.A.SARANTIS PORTUGAL S.A.SARANTIS ROMANIA S.A.SARANTIS SERBIA & MONTENEGROSARANTIS SKOPJE DOOELSARANTIS UK LTDSC SARANTIS DISTRIBUTIONSD PACK PLAST INTERNATIONALSG SARANTIS GLOBALTHRACE – SARANTIS SATRADE' 90 Kft.VENTURES S.A.VENUS ENTERPRISES HOLDING