PANDORA Annual Report 2017

P A N D O R A A N N U A L R E P O R T 2 0 1 7 G R O U P C O N T E N T S 9 6 THE TABLE BELOW SHOWS INFORMATION ABOUT THE GROUP ENTITIES AT 31 DECEMBER 2017 Company Ownership Registered office Date of consolidation EMEA PANDORA Österreich GmbH 100% Austria 23 May 2012 PANDORA Jewellery Belgium NV 100% Belgium 13 April 2017 PANDORA Jewelry CR sro. 100% Czech Republic 2 December 2009 PANDORA Int. ApS 100% Denmark 1 October 2009 PANDORA Jewelry Central Western Europe A/S 100% Denmark 5 January 2010 PAN ME A/S 100% Denmark 16 January 2015 PANDORA Jewellery DMCC 100% Dubai 8 October 2014 Panmeas Jewellery LLC 100% Dubai 16 January 2015 PANDORA Jewellery UK Limited 100% England 1 December 2008 PANDORA Jewelry Finland Oy 100% Finland 1 January 2012 PANDORA France SAS 100% France 25 February 2011 PANDORA EMEA Distribution Center GmbH 100% Germany 5 December 2011 PANDORA Jewelry GmbH 100% Germany 5 January 2010 PANDORA Jewelry Hungary Kft. 100% Hungary 2 June 2010 PANDORA Italia SRL 100% Italy 23 May 2012 PANDORA Jewelry B.V. 100% Netherlands 20 September 2010 PANDORA Norge AS 100% Norway 17 August 2010 PANDORA Jewelry Shared Services CEE Sp. z.o.o. 100% Poland 7 February 2012 PANDORA Jewelry CEE Sp. z.o.o. 100% Poland 1 March 2009 PANDORA Jewelry Romania SRL 100% Romania 18 August 2011 PANDORA Jewelry Slovakia s.r.o 100% Slovakia 6 September 2016 PANDORA Jewellery Spain S.L 100% Spain 28 September 2017 PANDORA Jewellery South Africa Pty Ltd. 100% South Africa 31 January 2017 PANDORA Jewellery Sweden AB 100% Sweden 4 November 2013 PANDORA Schweiz AG 100% Switzerland 6 December 2011 PANDORA Jewelry Mücevherat Anonim Ş irketi 100% Turkey 4 November 2013 AMERICAS PANDORA do Brasil Participações Ltda. 100% Brazil 24 October 2013 PANDORA do Brasil Comércio e Importação Ltda. 100% Brazil 24 October 2013 PANDORA Jewelry Ltd. 100% Canada 7 March 2008 PANDORA Franchise Canada Ltd. 100% Canada 19 January 2011 PANDORA Retail Canada Ltd. 100% Canada 4 February 2014 PANDORA Jewelry Chile SpA 100% Chile 7 May 2017 PANDORA Jewelry Mexico, S.A. de C.V. 100% Mexico 8 March 2017 PANDORA Jewelry Panama S.A. 100% Panama 5 July 2016 PANDORA Jewelry Inc. 100% USA 1 July 2008 PANDORA ECOMM LLC 100% USA 21 August 2014 PANDORA Jewelry LLC 100% USA 7 March 2008 PANDORA Franchising LLC 100% USA 1 November 2009 PANDORA Ventures LLC 100% USA 10 May 2012 ASIA PACIFIC AD Astra Holdings Pty Ltd. 100% Australia 1 July 2009 PANDORA Retail Pty Ltd. 100% Australia 1 July 2009 PANDORA Jewelry Pty Ltd. 100% Australia 1 July 2009 PANDORA Property Leasing Ltd. 100% Australia 1 July 2009 PANDORA Jewelry (Shanghai) Company Ltd. 100% China 4 February 2015 PANDORA Jewelry Design (Beijing) Company Ltd. 100% China 1 March 2016 PANDORA Jewelry Asia-Pacific Limited 100% Hong Kong 1 November 2009 PANDORA Jewelry Hong Kong Company Ltd. 100% Hong Kong 4 February 2015 PANDORA Jewelry Japan Ltd. 100% Japan 29 October 2014 PANDORA Jewelry Macau Company Ltd. 100% Macau 1 January 2016 PANDORA Jewelry Singapore Pte. Ltd. 100% Singapore 1 January 2016 Other (Production) PANDORA Production Co. Ltd. 100% Thailand 7 March 2008 PANDORA Services Co. Ltd. 100% Thailand 15 October 2010 PANDORA has 8 dormant companies, which have been omitted from the table. NOTE 5.4 COMPAN I E S I N THE PANDORA GROUP