Principal Subsidiaries and Associates
 
    Country of incorporation
  Europe  
  S.A. Johnson Matthey N.V. Belgium
+ Avocado Research Chemicals Limited England
+ Davy Process Technology Limited England
+ Johnson Matthey Fuel Cells Limited (82.5%) England
  Johnson Matthey SAS France
  Alfa Aesar GmbH & Co KG Germany
  Johnson Matthey Catalysts (Germany) GmbH Germany
  Johnson Matthey GmbH Germany
  Johnson Matthey BV Netherlands
  Macfarlan Smith Limited Scotland
  Johnson Matthey AB Sweden
  Johnson Matthey & Brandenberger AG Switzerland
     
  North America  
  The Argent Insurance Co. Limited Bermuda
  Johnson Matthey Limited Canada
  Johnson Matthey de Mexico, S.A. de C.V. Mexico
  Johnson Matthey Inc. USA
  Johnson Matthey Catalog Company Inc. USA
  Johnson Matthey Fuel Cells, Inc. (82.5%) USA
  Johnson Matthey Pharmaceutical Materials, Inc. USA
     
  Asia  
  Johnson Matthey (Shanghai) Chemicals Limited China
  Johnson Matthey Hong Kong Limited Hong Kong
  Johnson Matthey India Private Limited India
  Johnson Matthey Chemicals India Private Limited India
  Johnson Matthey Japan, Inc. USA
+ Johnson Matthey Sdn. Bhd. (92%) Malaysia
  Johnson Matthey Catalysts Korea Limited South Korea
     
  Africa  
  Johnson Matthey (Pty) Limited South Africa
     
  Australasia  
* AGR Matthey (20%) Australia
     
  South America  
+ Johnson Matthey Argentina S.A. Argentina
     
     
  Except where otherwise stated, all companies are wholly owned.
* Associate (see note 19).
+ Investments held directly by parent company.
  All the subsidiaries and associates are involved in the principal activities of the group.
 
 
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