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EXHIBIT 21
SUBSIDIARIES OF MERCER INTERNATIONAL INC.
Jurisdiction of Incorporation | Shareholding at Year End | |||||||||
Name of Subsidiary(1) | Direct | Indirect | ||||||||
Zellstoff-und Papierfabrik Rosenthal GmbH | Germany | — | 100 | % | ||||||
Zellstoff Stendal GmbH | Germany | — | 74.9 | % | ||||||
Zellstoff Celgar Limited | Canada | 100 | % | — | ||||||
Zellstoff Celgar Limited Partnership | Canada | 100 | % | — |
(1) | All the subsidiaries are conducting business under their own names. |