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SHARES HELD BY SUBSIDIARIES AND ASSOCIATES
Company City Country Ownership %
Jotun Powder Coatings AS
Jotun Bulgaria EOOD Sofia Bulgaria 100.00
Jotun CZECH a.s. Usti nad Labem Czech Republic 100.00
Jotun Powder Coatings LLL Cairo Egypt 90.00
Jotun India Private Ltd. Mumbai India 3.58
P.T. Jotun Indonesia Jakarta Indonesia 43.04
Jotun Kenya Limited Nairobi Kenya 5.00
Jotun Powder Coatings (Malaysia) Sdn. Bhd. Kuala Lumpur Malaysia 100.00
Jotun Mexico, S.A. de C.V. Veracruz Mexico 0.40
Jotun Powder Coatings Pakistan (Pvt) Ltd Lahore Pakistan 72.27
Jotun Paints (H.K.) Ltd.
Jotun Coatings (Zhangjiagang) Co. Ltd. Zhangjiagang China 100.00
Jotun (Shanghai) Manangement Co. Ltd. Shanghai China 100.00
Jotun Coatings (Taiwan) Ltd company Taipei China 100.00
Jotun B.V.
Jotun (Deutschland) Gmbh Hamburg Germany 16.67
Jotun Hellas Ltd. Glyfada Greece 2.60
Jotun (Malaysia) Sdn. Bhd
Jotun Bangladesh Ltd Dhaka Bangladesh 0.01
Jotun Myanmar Services Company Limited Yangon Myanmar 0.01
Jotun Myanmar Company Limited Yangon Myanmar 0.01
Jotun MEIA FZ-LLC
El-Mohandes Jotun S.A.E. Cairo Egypt 0.05
Egyptian Arabic Projects L.L.C. Cairo Egypt 0.20
El-Mohandes Joutn S.A.E.
Egyptian Arabic Projects L.L.C. Cairo Egypt 99.80
5.7 SHARES IN JOINT VENTURES AND ASSOCIATES
SHARES HELD DIRECTLY BY THE PARENT COMPANY
Company City Country
Book value
(NOK million) Ownership %
Jotun COSCO Marine Coatings (HK) Ltd. Hong Kong China 34 50
Jotun Saudia Co. Ltd. Dammam Saudi Arabia 39 40
Jotun Powder Coatings Saudi Arabia Co. Ltd. Dammam Saudi Arabia 26 30
Chokwang Jotun Ltd. Busan South Korea 82 50
Jotun U.A.E. Ltd. (LLC) Dubai UAE 109 41.5
Jotun Abu Dhabi Ltd. Abu Dhabi UAE 28 35
Jotun Yemen Paints Ltd. Aden Yemen - 14
Total 318
SHARES HELD BY SUBSIDIARIES AND ASSOCIATES
Company City Country Ownership %
Jotun Paints Co. L.L.C.
Jotun Yemen Paints Ltd. Aden Yemen 22.00
Jotun Saudia Co. Ltd.
Jotun Yemen Paints Ltd. Aden Yemen 17.00
Jotun U.A.E. Ltd. (L.L.C.)
Jotun Abu Dhabi Ltd. Abu Dhabi U.A.E. 40.00
Jotun COSCO Marine Coatings (HK) Co. Ltd.
Jotun COSCO Marine Coatings (Qingdao) Co Ltd. Qingdao China 100.00
Jotun Powder Coatings U.A.E. Ltd. (LLC)
Jotun Powder Coatings Saudi Arabia Co. Ltd. Dammam Saudi Arabia 40.00
Jotun Powder Coatings AS
Jotun Powder Coatings U.A.E. Ltd. (LLC) Dubai U.A.E. 47.00
For further information regarding investments in associates and joint ventures, see Note 5.5 to the consolidated
financial statements.
Jotun A/S
66 I Jotun Annual Report 2021