Exhibit 21
1. CEDC International sp. z o.o., a limited liability company organized under the laws of Poland.
2. Bols Hungary, Kft, a limited liability company organized under the laws of Hungary.
3. Copecresto Enterprises Limited, a limited liability company organized under the laws of Cyprus.
4. OOO Parliament Production, a limited liability company organized under the laws of the Russian Federation.
5. OOO Parliament Distribution, a limited liability company organized under the laws of the Russian Federation.
6. Ardy Investments Limited, a limited liability company organized under the laws of Cyprus.
7. Lugano Holding Limited, a limited liability company organized under the laws of Cyprus.
8. ISF GmbH, a limited liability company organized under the laws of Germany.
9. Peulla Enterprises Limited, a limited liability company organized under the laws of Cyprus.
10. WHL Holdings Limited, a limited liability company organized under the laws of Cyprus.
11. Dancraig Wine & Spirits Trading Limited, a limited liability company organized under the laws of the Isle of Man.
12. Global Wine & Spirit Holdings Limited, a limited liability company organized under the laws of Cyprus.
13. Tisifoni Wines & Spirits Limited, a limited liability company organized under the laws of Cyprus.
14. OOO Whitehall-Center, a limited liability company organized under the laws of the Russian federation.
15. OOO WH Import Company, a limited liability company organized under the laws of the Russian Federation.
16. OOO Whitehall Severo-Zapad, a limited liability company organized under the laws of the Russian Federation.
17. OOO Whitehall-Saint-Petersburg, a limited liability company organized under the laws of the Russian Federation.
18. OOO Whitehall-Siberia, a limited liability company organized under the laws of the Russian Federation.
19. OOO WH Rostov-na-Donu, a limited liability company organized under the laws of the Russian Federation.
20. Bravo Premium LLC, a limited liability company organized under the laws of the Russian Federation.
21. Bravo Retail LLC, a limited liability company organized under the laws of the Russian Federation.
22. CEDC Finance Corporation, LLC, a limited liability company organized under the laws of the State of Delaware in the United States.
23. CEDC Finance Corporation International, Inc., a corporation organized under the laws of the State of Delaware in the United States.
24. Jelegat Holdings Limited, a limited liability company organized under the laws of Cyprus.
25. JSC “Distillery Topaz,” a closed joint stock company organized under the laws of the Russian Federation.
26. JSC “Russian Alcohol Group,” a closed joint stock company organized under the laws of the Russian Federation.
27. Latchey Limited, a limited liability company organized under the laws of Cyprus.
28. Limited Liability Company “The Trading House Russian Alcohol,” a limited liability company organized under the laws of the Russian Federation.
29. Lion/Rally Lux 1 S.A., a closed joint stock company organized under the laws of the Luxembourg.
30. Lion/Rally Lux 2 Sarl, a limited liability company organized under the laws of the Luxembourg.
31. Lion/Rally Lux 3 Sarl, a limited liability company organized under the laws of the Luxembourg.
32. Mid-Russian Distilleries, a corporation organized under the laws of the Russian Federation.
33. OOO “First Tula Distillery,” a limited liability company organized under the laws of the Russian Federation.
34. OOO “Glavspirttirest,” a limited liability company organized under the laws of the Russian Federation.
35. Pasalba Ltd., a limited liability company organized under the laws of Cyprus.
36. PWW sp. z o.o., a limited liability company organized under the laws of Poland.
37. ZAO “Sibirskiy LVZ,” a closed joint stock company organized under the laws of the Russian Federation.
38. Limited Liability Company TH Russian Alcohol Centre, a limited liability company organized under the laws of the Russian Federation.
39. Limited Liability Company TH Russian Alcohol North-West, a limited liability company organized under the laws of the Russian Federation.
40. Limited Liability Company TH Russian Alcohol Siberia, a limited liability company organized under the laws of the Russian Federation.
41. Limited Liability Company TH Russian Alcohol Moscow, a limited liability company organized under the laws of the Russian Federation.
42. Vlaktor Trading Limited, a limited liability company organized under the laws of Cyprus.
43. AUK Holidngs Limited, a limited liability company organized under the laws of Cyprus.
44. Chorniy & Mikola, a limited liability company organized under the laws of Ukraine.
45. Premier Distribution Company, a limited liability company organized under the laws of Ukraine.