Nielsen (NLSN) 10-K 2014 FY Annual report

EXHIBIT 21.1

Company	Country	Shareholder	%
ACNielsen AMER Algeria EURL	Algeria	AMER Research Limited		100.00
AGB America S.A.	Anguilla	AGB Nielsen Media Research B.V.		100.00
The Nielsen Company South America S.R.L.	Argentina	Nielsen Sub Holding Company		90.00
		ACNielsen Company of Canada		10.00
VNU Business Media Argentina S.A.	Argentina	ACNielsen Company of Canada		95.00
		Nielsen Sub Holding Company		5.00
ACNielsen Research Pty Limited	Australia	The Nielsen Company (Australia) Pty. Ltd.		100.00
Decisions Made Easy Pty. Ltd.	Australia	The Nielsen Company (Holdings) Pty. Limited		100.00
NetRatings Australia Pty. Ltd.	Australia	The Nielsen Company (Holdings) Pty. Limited		100.00
Nielsen Television Audience Measurement Pty. Ltd.	Australia	AGB Nielsen Media Research TAM Holding B.V.		100.00
The Nielsen Company (Australia) Pty. Ltd.	Australia	The Nielsen Company (Holdings) Pty. Limited		100.00
The Nielsen Company (Holdings) Pty. Limited	Australia	Nielsen Sub Holding Company		100.00
A.C. Nielsen Gesellschaft m.b.H.	Austria	ACNielsen (Nederland) B.V.		100.00
The Nielsen Company (Bangladesh) Ltd.	Bangladesh	Nielsen (India) Private Limited		100.00
ACNielsen Bel	Belarus	ACNielsen Cyprus Limited		100.00
A.C. Nielsen Company & Co SA	Belgium	VNU International B.V.		99.97
		TNC Europe B.V.		0.03
The Nielsen Company (Belgium) SPRL	Belgium	ACNielsen Holdings Ltd.		99.99
		The Nielsen Company (Denmark) ApS		0.01
A.C. Nielsen do Brasil Ltda.	Brazil	Art Holding (Brazil) C.V.		99.99
		Nielsen Holdings, L.L.C.		0.01
IBOPE eRatings.com do Brasil Ltda.	Brazil	Nielsen IBOPE Online		53.40
		A.C. Nielsen do Brasil Ltda		0.00
		IBOPE Pesquisa de Midia Ltda (third party)		0.00
Nexium Customer do Brasil Ltda	Brazil	Milenium Espacio Soft S.A.		90.00
		FutureAnalysis, S.L.		10.00
ACNielsen Bulgaria Ltd	Bulgaria	ACNielsen Cyprus Limited		100.00
AGB Bulgaria Ltd.	Bulgaria	The Nielsen Company (Greece) S.A.		100.00
MEDIARESEARCH Bulgaria EAD.	Bulgaria	PRIME TIME CS, spol. s.r.o		100.00
ACNielsen Cameroon Sarl	Cameroon	ACNielsen Cyprus Limited		100.00
2133798 Ontario Inc.	Canada	AC Nielsen Company of Canada		100.00
ACNielsen Company of Canada	Canada	ACNielsen (Nederland) B.V.		100.00
Harris/Decima Inc	Canada	2133798 Ontario Inc.		100.00
Nielsen Media Research Limited	Canada	The Nielsen Company (US), LLC		100.00
		ACNielsen Company of Canada		0.00
Nielsen Sub Holding Company	Canada	ACNielsen Company of Canada		100.00
Opinion Search Inc	Canada	Harris/Decima Inc		100.00
ACNielsen Cayman Islands Colombia Ltd.	Cayman Islands	Nielsen Sub Holdings II B.V.		100.00
ACNielsen Cayman Islands Ltd.	Cayman Islands	A.C.Nielsen do Brasil Ltda.		100.00
Nielsen IBOPE Online	Cayman Islands	ACNielsen eRatings.com		53.40
		IMI.COM (third party)		46.60
A.C. Nielsen Chile Limitada	Chile	A. C. Nielsen Company, LLC		50.60
		Nielsen Holdings, L.L.C.		0.40
		VNU International B.V.		49.00
Netratings (Shanghai) Company, Ltd.	China	Netratings, LLC		100.00
The Nielsen Company (Guangzhou) LTD	China	ACNielsen Group Limited		99.86
		Third party shareholder(s)		0.14
The Nielsen Company (Shanghai) Ltd.	China	The Nielsen Company (Hong Kong) Limited		96.00
		Third party shareholder(s)		4.00

Company	Country	Shareholder	%
A.C. Nielsen de Colombia Ltda.	Colombia	ACNielsen Cayman Islands Colombia Ltd.		100.00
		A. C. Nielsen Company, LLC		0.00
ACNielsen Costa Rica S.A.	Costa Rica	Nielsen Sub Holdings II B.V.		100.00
AC Nielsen Cote d’Ivoire Limited	Cote d’Ivoire	ACNielsen Cyprus Limited		100.00
ACNielsen d.o.o.	Croatia	ACNielsen Piackutató Kft.		100.00
AGB Nielsen Media Research Ltd.	Croatia	AGB Nielsen Media Research TAM Holding B.V.		51.00
		Srdan Dumicic (third party)		24.50
		Damir Tabulovstrelov (third party)		24.50
MEMRB Puls Panel Trgovina DOO	Croatia	MEMRB Retail Tracking Services limited		100.00
ACNielsen Cyprus Limited	Cyprus	ACNielsen (Nederland) B.V.		100.00
AMER Research Limited	Cyprus	ACNielsen (Nederland) B.V.		100.00
MEMRB Retail Tracking Services Limited	Cyprus	VNU International B.V.		100.00
Nielsen Audience Measurement (Cyprus) Ltd.	Cyprus	The Nielsen Company (Greece) S.A.		100.00
RPJV Retail Plus Company	Cyprus	VNU International B.V.		51.00
		Gilad Hass (third party)		33.25
		Nir Manor (third party)		10.00
		Moshe Yaakov (third party)		5.75
ACNielsen Czech Republic s.r.o.	Czech Republic	ACNielsen Cyprus Limited		100.00
Admosphere, s.r.o.	Czech Republic	MEDIARESEARCH, a.s.		100.00
Adwind Software, a.s..	Czech Republic	MEDIARESEARCH, a.s.		100.00
AMAR Research s.r.o.	Czech Republic	ACNielsen Czech Republic s.r.o.		85.00
		ACNielsen Slovakia s.r.o.		15.00
MEDIARESEARCH, a.s	Czech Republic	ACNielsen (Nederland) B.V.		51.00
		ADMOSPHERE LIMITED (third party/UK)		49.00
PRIME TIME CS, spol. s.r.o	Czech Republic	MEDIARESEARCH, a.s		100.00
The Nielsen Company (Denmark) ApS	Denmark	ACNielsen AB		100.00
ACNielsen Dominicana, SRL	Dominican Republic	VNU International B.V.		99.55
		Jorge Lozano (minority shareholder)		0.46
Nielsen IBOPE Dominicana, S.R.L.	Dominican Republic	AGB America S.A.		51.00
		AGB Nielsen Media Research B.V.		2.40
		IBOPE Latinoamericana S.A. (Uruguay) (third party)		46.60
ACNielsen Ecuador S.A.	Ecuador	AGB Nielsen Media Research B.V.		100.00
		VNU International B.V.		0.00
ACNielsen Egypt Limited	Egypt	AMER Research Limited		99.04
		ACNielsen Cyprus Limited		0.96
Middle East for Marketing LLC	Egypt	MEMRB Retail Tracking Services (Guernsey) Lt.d		95.00
		N.A. El Sherbiny Mohamed (individual)		5.00
AC Nielsen El Salvador, S.A. de C.V.	El Salvador	ACNielsen Centroamerica, S.A.		95.00
		A. C. Nielsen Company, LLC		5.00
ACNielsen Eesti OÜ	Estonia	ACNielsen Cyprus Limited		100.00
A.C. Nielsen Finland Oy	Finland	Nielsen Sub Holdings II B.V.		100.00
Arbitron Mobile Oy	Finland	Cardinal North LLC		100.00
Finnpanel Oy	Finland	A.C. Nielsen Finland Oy		50.00
		TNS Gallup Oy (third party)		50.00
AC Nielsen SAS	France	Nielsen Holding France SAS		100.00
Affinnova France Sarl	France	Affinnova, Inc		100.00
Brandbank (France) SAS	France	Brandbank Limited		100.00
Netratings France SAS	France	NetRatings UK Limited		100.00
Nielsen Holding France SAS	France	Nielsen Sub Holdings I B.V.		100.00
Nielsen Services France SAS	France	Nielsen Holding France SAS		100.00

Company	Country	Shareholder	%
Affinnova Germany GmbH	Germany	Affinnova, Inc		100.00
Nielsen Music Control GmbH	Germany	VNU Holding (Deutschland) GmbH		100.00
Nielsen Services Germany GmbH	Germany	The Nielsen Company (Germany) GmbH		100.00
The Nielsen Company (Germany) GmbH	Germany	Nielsen Holding France SAS		100.00
VNU Business Publications Deutschland GmbH	Germany	VNU Holding (Deutschland) GmbH		100.00
VNU Holding (Deutschland) GmbH	Germany	Nielsen Holding and Finance B.V.		100.00
ACNielsen Ghana Limited	Ghana	ACNielsen Cyprus Limited		100.00
Organotiki S.A.	Greece	The Nielsen Company (Greece) S.A.		80.00
		Moschou (third party)		20.00
The Nielsen Company (Greece) S.A.	Greece	Nielsen Sub Holdings I B.V.		100.00
ACNielsen Centroamerica, S.A.	Guatemala	Nielsen Sub Holdings II B.V.		100.00
		ACNielsen Costa Rica S.A.		0.00
MEMRB Retail Tracking Services (Guernsey) Lt.d	Guernsey	MEMRB Retail Tracking Services Limited		99.99
		Damor Investments Limited (third party)		0.00
		Lindsay Jane Ozanne (third party)		0.00
		RBC Corporate Services (CI) Limited (third party)		0.00
		RB Trustees (Guernsey) Limited (third party)		0.00
ACNielsen Honduras S.A. de C.V.	Honduras	ACNielsen Centroamerica, S.A.		99.60
		A. C. Nielsen Company, LLC		0.40
ACNielsen Holdings Limited	Hong Kong	Nielsen Sub Holdings II B.V.		99.74
		The Nielsen Company (Switzerland) GmbH		0.26
ACNielsen Group Limited	Hong Kong	The Nielsen Company (Management Services -HK) Limited		99.79
		ACNielsen Holdings Limited		0.21
Harris Interactive Asia (Holdings) Limited	Hong Kong	Harris Interactive International Inc.		100.00
Netratings Hong Kong Limited	Hong Kong	Nielsen Sub Holdings II B.V.		100.00
Nielsen Online Hong Kong Limited	Hong Kong	Nielsen Sub Holdings II B.V.		100.00
The Nielsen Company (Hong Kong) Limited	Hong Kong	The Nielsen Company (Management Services -HK) Limited		100.00
The Nielsen Company (Management Services -HK) Limited	Hong Kong	ACNielsen Holdings Limited		100.00
		Nielsen Sub Holdings II B.V.		0.00
ACNielsen Piackutató Kft.	Hungary	ACNielsen Cyprus Limited		100.00
Brandbank (Hungary) Kft.	Hungary	Brandbank Limited		100.00
Nielsen Közönségmérés Kft.	Hungary	AGB Nielsen Media Research TAM Holding B.V.		100.00
Arbitron Technology Services India Private Ltd.	India	Nielsen Audio, Inc.		100.00
		Arbitron Holdings Inc.		0.00
Indicus Analytics Private Limited	India	Nielsen (India) Private Limited		100.00
Nielsen (India) Private Limited	India	ACNielsen Corporation		64.48
		The Nielsen Company (Mauritius) Limited		35.52
		TNC Europe B.V.		0.00
NeuroFocus Systems & Services Private Ltd.	India	NeuroFocus, Inc.		100.00
NTRT Eratings India Private Limited	India	Netratings, LLC		100.00
TAM Media Research Private Limited	India	Nielsen (India) Private Limited		50.00
		Kantar Media Research Pvt Ltd (third party)		50.00
PT. Nielsen Audience Measurement	Indonesia	AGB Nielsen Media Research B.V.		99.00
		AGB Nielsen Media Research TAM Holding B.V.		1.00
PT. Sri Karya Utama Graha	Indonesia	The Nielsen Company (Singapore) Holdings Pte. Ltd.		98.98

Company	Country	Shareholder	%
		PT. The Nielsen Company Indonesia		1.02
PT. The Nielsen Company Indonesia	Indonesia	The Nielsen Company (Singapore) Holdings Pte. Ltd.		99.00
		The Nielsen Company (Singapore) Pte. Ltd.		1.00
A.C. Nielsen (Dublin) Limited	Ireland	A. C. Nielsen Company, LLC		100.00
A.C. Nielsen of Ireland Limited	Ireland	Nielsen Sub Holdings II B.V.		100.00
AGB Nielsen Media Research (Ireland) Limited	Ireland	AGB Nielsen Media Research B.V.		100.00
Brandbank (Ireland) Limited.	Ireland	Brandbank Limited		100.00
The Nielsen Company Finance (Ireland) Limited	Ireland	The Nielsen Company (Luxembourg) S.a.r.l.		100.00
ACNielsen (Israel), Ltd	Isreal	The New Wave Research Ltd.		100.00
Buzzmetrics, Ltd.	Israel	VNU International B.V.		91.13
		TNC (US) Holdings, Inc.		8.87
Nielsen Innovate Fund, LP	Israel	AGB Nielsen Media Research B.V.		LP
		R&R Venture Partners LLC (third party)		LP
		Fred Langhammer (third party)		LP
		Nielsen Innovate Ltd.		GP
		Partam High Tech Limited (third party)		LP
Nielsen Innovate Ltd.	Israel	AGB Nielsen Media Research B.V.		100.00
The New Wave Research Ltd.	Israel	ACNielsen Corporation		57.95
		Mr. Levy (third party, individual) and other third party shareholders		42.05
AGB Nielsen Media Research Holding S.p.A.	Italy	AGB Nielsen Media Research B.V.		100.00
AGB Nielsen Media Research TAM S.r.l.	Italy	Nielsen TV Audience Measurement S.A.		100.00
NetRatings Italia Srl	Italy	The Nielsen Company (Italy) S.r.l.		100.00
Nielsen Services Italy S.r.l.	Italy	The Nielsen Company (Italy) S.r.l.		100.00
Nielsen TV Audience Measurement S.r.l.	Italy	The Nielsen Company (Italy) S.r.l.		100.00
The Nielsen Company (Italy) S.r.l.	Italy	Nielsen Sub Holdings I B.V.		100.00
Nielsen Co., Ltd.	Japan	ACNielsen eRatings.com		45.23
		NetRatings Australia Pty. Ltd.		11.29
		TransCosmos Inc. (third party)		40.63
		Mitsuaki Sugihara (third party)		0.16
		Office AG (third party)		0.04
		Dentsu (third party)		2.65
Nielsen Services Japan GK	Japan	The Nielsen Company Japan		100.00
The Nielsen Company Japan	Japan	The Nielsen Company (Singapore) Holdings Pte. Ltd.		100.00
MEMRB Retail Tracking Services Jordan Company Limited	Jordan	MEMRB Retail Tracking Services Limited		100.00
Nielsen for Consultancies Limited Liability Company	Jordan	AGB Nielsen Media Research B.V.		100.00
ACNielsen Kazakhstan Ltd.	Kazakhstan	ACNielsen Cyprus Limited		100.00
ACNielsen Kenya Limited	Kenya	ACNielsen Cyprus Limited		99.90
		Yordanov (third party)		0.10
Korean Click Co., Ltd.	Korea	The Nielsen Company Korea Ltd.		94.03
		Two minority shareholders. One holds 0,24%, the other holds 5,73%. Names are shown in Korean in legal documentation.		5.97
Nielsen Korea Ltd.	Korea	VNU International B.V.		82.54
		AGB Nielsen Media Research B.V.		17.46
Nielsen Services Korea Ltd	Korea	Nielsen Sub Holding II B.V.		100.00
The Nielsen Company Korea Ltd	Korea	ACNielsen Company of Canada		100.00
ACNielsen Latvia SIA	Latvia	ACNielsen Cyprus Limited		100.00
C.M.O s.a.l Conseil en Management et Organisation	Lebanon	MEMRB Retail Tracking Services Limited		95.00

Company	Country	Shareholder	%
		Our lawyer delivered 50 shares to each of the three Directors of this company. According to Lebanese law a company is required to have (at least) three individuals as shareholders		5.00
UAB ACNielsen Baltics	Lithuania	ACNielsen Cyprus Limited		100.00
European Media Investors S.A.	Luxembourg	VNU International B.V.		99.96
		TNC Europe B.V.		0.05
MediaXim S.à.r.l.	Luxembourg	Nielsen Luxembourg S.a.r.l.		100.00
Nielsen Luxembourg S.a.r.l.	Luxembourg	Nielsen Holdings and Finance B.V.		100.00
The Nielsen Company (Luxembourg) S.a.r.l.	Luxembourg	Nielsen Luxembourg S.a.r.l		100.00
Valcon Acquisition Holding (Luxembourg) S.a.r.l.	Luxembourg	Sponsors
Nielsen Audience Measurement Sdn. Bhd.	Malaysia	AGB Nielsen Media Research B.V.		100.00
The Nielsen Company (Malaysia) Sdn. Bhd.	Malaysia	The Nielsen Company (Singapore) Holdings Pte. Ltd.		100.00
The Nielsen Company (Mauritius) Limited	Mauritius	VNU International B.V.		100.00
A.C. Nielsen, S de RL de C.V.	Mexico	Panel International SA LLC		100.00
		ACNielsen Corporation		0.00
IBOPE AGB Mexico, S.A. de C.V.	Mexico	AGB Netherlands C.V.		26.70
		AGB Nielsen Media Research B.V.		26.70
		IBOPE Latinoamericana S.A. (third party)		46.60
Nielsen Mexico Services, S de RL de CV	Mexico	AC Nielsen Mexico LLC		22.18
		ACNielsen Company of Canada		77.82
Shopper Customer Solutions SA de CV	Mexico	Milenium Espacio Soft, S.A.		99.00
		FutureAnalysis, S.L.		1.00
ACNielsen Montenegro d.o.o.	Montenegro	ACNielsen Cyprus Limited		100.00
ACNielsen SARL	Morocco	AMER Research Limited		100.00
Nielsen MMRD (Myanmar) Co., Ltd	Myanmar	Nielsen MMRD Holdings Pte. Ltd		100.00
		ACNielsen (Singapore) Pte. Ltd.
The Nielsen Company Nepal Pvt Ltd.	Nepal	Nielsen (India) Private Limited		100.00
ACNielsen (Nederland) B.V.	Netherlands	TNC Americas C.V.		100.00
AGB Netherlands C.V.	Netherlands	AGB Panamericana, S.A.		99.00
		AGB America S.A.		1.00
AGB Nielsen Media Research B.V.	Netherlands	Nielsen Sub Holdings I B.V.		100.00
AGB Nielsen Media Research TAM Holding B.V.	Netherlands	AGB Nielsen Media Research Holding S.p.A.		100.00
AGB NMR Coöperatie W.A.	Netherlands	A. C. Nielsen Company, LLC
		ART Holding, L.L.C.
Art Holding (Brazil) C.V.	Netherlands	Nielsen Sub Holding Company		99.00
		Nielsen Holdings, L.L.C.		1.00
Brandbank (Netherlands) B .V.	Netherlands	Brandbank Limited		100.00
Menesta Investments B.V.	Netherlands	Neslein Holding (Spain) C.V.		100.00
Neslein Holding (Spain) C.V.	Netherlands	A.C. Nielsen (Argentina) S.A.		98.00
		ART Holding, L.L.C.		1.00
		Nielsen General Partner B.V.		1.00
Nielsen B.V.	Netherlands	Nielsen Holding and Finance B.V.		100.00
Nielsen Coöperatie W.A.	Netherlands	A. C. Nielsen Company, LLC
		ART Holding, L.L.C.
Nielsen General Partner B.V.	Netherlands	A. C. Nielsen Company, LLC		100.00
Nielsen Holding and Finance B.V.	Netherlands	VNU Intermediate Holding B.V.		100.00
Nielsen Holding Nederland B.V.	Netherlands	Nielsen Sub Holdings I B.V.		100.00
Nielsen N.V.	Netherlands	Valcon Acquisition Holding (Luxembourg) S.a.r.l.		14.50
		Nielsen N.V. (treasury shares)		2.58
		Shares on the NY stock exchange		82.92
Nielsen Hong Kong C.V.	Netherlands	ACNielsen Group Limited		1.00
		The Nielsen Company (Management Services -HK) Limited		99.00

Company	Country	Shareholder	%
Nielsen Media Research B.V.	Netherlands	Nielsen B.V.		100.00
Nielsen Mexico Holdings B.V.	Netherlands	AGB Netherlands C.V.		100.00
Nielsen Sub Holdings I B.V.	Netherlands	Nielsen Coöperatie W.A.		100.00
Nielsen Sub Holdings II B.V.	Netherlands	Nielsen Sub Holdings I B.V.		100.00
The Nielsen Company B.V.	Netherlands	Valcon Acquisition B.V.		100.00
TNC Americas C.V.	Netherlands	Nielsen Holding Nederland B.V.		99.00
		Nielsen Holdings, L.L.C.		1.00
TNC Europe B.V.	Netherlands	VNU International B.V.		100.00
Valcon Acquisition B.V.	Netherlands	Nielsen N.V.		100.00
VNU Intermediate Holding B.V.	Netherlands	The Nielsen Company B.V.		100.00
VNU International B.V.	Netherlands	The Nielsen Company (Luxembourg) S.a.r.l.		100.00
VNU Marketing Information Europe & Asia B.V.	Netherlands	Nielsen Holding and Finance B.V.		100.00
ACNielsen (NZ) ULC	New Zealand	Nielsen Sub Holdings II B.V.		100.00
AGB Nielsen Media Research (New Zealand) Ltd.	New Zealand	AGB Nielsen Media Research B.V.		100.00
ACNielsen Nicaragua, S.A.	Nicaragua	ACNielsen Centroamerica, S.A.		98.00
		A. C. Nielsen Company, LLC		2.00
ACNielsen Nigeria Limited	Nigeria	ACNielsen Cyprus Limited		80.00
		ACNielsen Company of Canada		20.00
ACNielsen Norge AS	Norway	Nielsen Sub Holdings II B.V.		75.76
		TNC Management Services GmbH		24.24
Nielsen Media Research AS	Norway	Nielsen Sub Holdings II B.V.		85.99
		Seven different third parties hold a minority interest in Nielsen Media Research AS.		14.01
ACNielsen Pakistan (Private) Limited	Pakistan	ACNielsen Cyprus Limited		100.00
		A. C. Nielsen Company, LLC		0.00
ACNielsen Panama, S.A.	Panama	ACNielsen Centroamerica, S.A.		100.00
AGB Panamericana, S.A.	Panama	AGB Nielsen Media Research Holding S.p.A.		60.00
		AGB Nielsen Media Research B.V.		40.00
Nielsen S.R.L.	Peru	VNU International B.V.		100.00
		Rolando Ramirez-Gaston Horny (third party)		0.00
AGB Nielsen Media Research (Philippines) Inc.	Philippines	AGB Nielsen Media Research TAM Holding B.V. (AGB NMR TAM Holding B.V. holds 6,800,469 shares of which 10 are held in trust by 4 different employees of AGB Nielsen Media Research (Philippines) Inc.)		83.34
		R. Esteban (third party)		16.66
The Nielsen Company (Philippines), Inc.	Philippines	The Nielsen Company (Belgium) SPRL		100.00
		Minority shareholders (six Nielsen employees: Cheong Tai Leung, Elaine Shui, Stuart Jamieson, Norie Bordador Lou-ann Navalta, Noel Laman)		0.00
ACNielsen Polska Sp.z.o.o.	Poland	AGB Nielsen Media Research TAM Holding B.V.		100.00
AGB Nielsen Media Research Sp. z .o.o.	Poland	AGB Nielsen Media Research TAM Holding B.V.		100.00
Brandbank (Poland) Sp. z .o.o.	Poland	Brandbank Limited		100.00
Nielsen Services Poland Sp. z.o.o.	Poland	ACNielsen Polska SP.z o.o.		76.57
		AGB Nielsen Media Research Sp. z o.o.		22.83
		AGB Nielsen Media Research TAM Holding B.V.		0.58
		Jerzy Wolinski (third party)		0.02
SICA Sp. z o.o.	Poland	Brandbank (Poland) Sp. z o.o.		100.00

Company	Country	Shareholder	%
A.C. Nielsen Portugal- Estudos de Mercado- Unipessoal, Lda.	Portugal	Menesta Investments B.V.		100.00
Nexium Portugal – Consultario e Software Lda.	Portugal	Milenium Espacio Soft, S.A.		60.00
A.C. Nielsen P.R. LLC	Puerto Rico	Nielsen Sub Holdings II B.V.		100.00
Nielsen IBOPE Puerto Rico Inc.	Puerto Rico	A.C. Nielsen P.R. LLC		53.40
		IBOPE Latinoamericana, SA (Uruguay) (Third party)		46.60
Nielsen Consultancy LLC	Qutar	ACNielsen Cyprus Limited		100.00
ACNielsen Romania srl	Romania	ACNielsen Cyprus Limited		100.00
AGB TAM S.r.l.	Romania	AGB Nielsen Media Research TAM Holding B.V.		60.00
		IMAS SA (third party)		40.00
Retailplus Eastern Europe S.R.L.	Romania	VNU International B.V.		62.67
		G. Hass (third party)		17.67
		Talanat Services Ltd (third party)		19.67
AGB Television JSC	Russia	AGB Nielsen Media Research TAM Holding B.V.		87.50
		Sergei Ketov (third party)		12.50
ACNIELSEN Limited Liability Company	Russia	ACNielsen Cyprus Limited		100.00
ACNielsen d.o.o.	Serbia	ACNielsen Cyprus Limited		100.00
Nielsen Audience Measurement DOO Beograd	Serbia	AGB Nielsen Media Research TAM Holding B.V.		76.00
		Srdjan Bogosavljevic (third party)		24.00
ACNielsen (Singapore) Pte. Ltd.	Singapore	Nielsen Sub Holdings II B.V.		100.00
Affinnova Singapore Private Limited.	Singapore	Affinnova, Inc.		100.00
AGB Nielsen Media Research (Singapore) Pte. Ltd.	Singapore	AGB Nielsen Media Research B.V.		100.00
NetRatings Pte. Ltd.	Singapore	Nielsen Sub Holdings II B.V.		100.00
Nielsen MMRD Holdings Pte. Ltd.	Singapore	ACNielsen (Singapore) Pte. Ltd.		50.1
		Marketing Research (Hong Kong) Ltd. (third party)		29.9
		Myanmar Marketing Research Pte. Ltd. (third party)		20.0
The Nielsen Company (Singapore) Pte. Ltd.	Singapore	The Nielsen Company (Singapore) Holdings Pte. Ltd.		100.00
The Nielsen Company (Singapore) Holdings Pte. Ltd.	Singapore	The Nielsen Company (Belgium) SPRL		100.00
The Nielsen Company (Singapore) Principal Pte. Ltd.	Singapore	VNU International B.V.		100.00
ACNielsen Slovakia s.r.o.	Slovakia	ACNielsen Cyprus Limited		100.00
Brandbank (Slovakia) s.r.o.	Slovakia	Brandbank Limited		100.00
MEDIARESEARCH SLOVAKIA, s.r.o.	Slovakia	MEDIARESEARCH, a.s.		100.00
ACNielsen raziskovalna druzba, d.o.o.	Slovenia	ACNielsen Cyprus Limited		100.00
AGB Nielsen, medijske raziskave, d.o.o	Slovenia	AGB Nielsen Media Research TAM Holding B.V.		58.00
		GfK, d.o.o. (third party)		21.00
		Ms. Janja Božič Marolt (third party)		21.00
NIELSEN LAB, razvoj tehnologij za raziskavo medijev, d.o.o.	Slovenia	Nielsen TV Audience Measurement S.A.		50.00
		AGB Nielsen Media Research B.V.		50.00
ACNielsen Marketing and Media (Pty) Limited	South Africa	ACNielsen (Nederland) B.V.		100.00
AGB Nielsen Media Research (South Africa) (Pty) Limited	South Africa	AGB Nielsen Media Research B.V.		100.00
Interactive Market Systems (South Africa) (Pty) Limited	South Africa	A.C. Nielsen Company Limited		100.00
A.C. Nielsen Company, S.L.	Spain	N&P Holding Spain S.L.		100.00
ASEE Nielsen Holding (Spain) S.r.l.	Spain	Neslein Holding (Spain) C.V.		100.00
CEC Media S.A.	Spain	AGB Nielsen Media Research TAM Holding B.V.		99.30

Company	Country	Shareholder	%
		Third party		0.70
FutureAnalysis, S.L	Spain	A.C. Nielsen Company, S.L.		100.00
Metaemotion, S.L	Spain	FutureAnalysis, S.L.		100.00
Milenium Espacio Soft, S.A	Spain	FutureAnalysis, S.L.		100.00
N&P Holding Spain S.L.	Spain	ASEE Nielsen Holding (Spain) S.r.l.		100.00
NetRatings Spain SL	Spain	NetRatings Australia Pty. Ltd.		100.00
Netvalue Internet Measurement S.A.	Spain	Netratings, LLC		100.00
Nexium Software Factory, S.L.	Spain	FutureAnalysis, S.L.		100.00
Nielsen Services Spain, S.L.	Spain	N&P Holding Spain S.L.		100.00
Publinformatica S.A. (in liquidation)	Spain	VNU Marketing Information Europe & Asia B.V.		50.00
		Ediciones y Suscripciones, S.A. (third party)		50.00
The Nielsen Company Lanka (Private) Limited	Sri Lanka	Nielsen (India) Private Limited		100.00
ACNielsen AB	Sweden	ACNielsen Norge AS		100.00
AGB Nielsen Media Research (Sweden) AB	Sweden	ACNielsen AB		100.00
Nielsen Services Sweden AB	Sweden	ACNielsen AB		100.00
Affinnova Switzerland Sàrl	Switzerland	Affinnova, Inc.		100.00
CGA Nielsen (Switzerland) Sàrl	Switzerland	The Nielsen Company (Europe) Sarl		51.00
		CGA Strategy Limited		49.00
Media Focus Schweiz Gmbh	Switzerland	The Nielsen Company (Switzerland) GmbH		51.00
		GfK Switzerland AG (third party)		49.00
NetRatings Switzerland GmbH	Switzerland	Nielsen Sub Holdings II B.V.		100.00
Nielsen TV Audience Measurement S.A.	Switzerland	AGB Nielsen Media Research Holding S.p.A.		100.00
The Nielsen Company (Europe) Sarl	Switzerland	VNU International B.V.		100.00
The Nielsen Company (Switzerland) GmbH	Switzerland	Nielsen Sub Holdings II B.V.		100.00
TNC Management Services GmbH	Switzerland	Nielsen Sub Holdings II B.V.		100.00
Syria Retail Tracking LLC- inactive	Syria	MEMRB Retail Tracking Services Limited		75.00
		Ayman Ammar (individual)		25.00
AGB Nielsen Media Research (Taiwan) Ltd.	Taiwan	AGB Nielsen Media Research B.V.		100.00
The Nielsen Company Taiwan Ltd.	Taiwan	The Nielsen Company (Belgium) SPRL		100.00
ACNielsen (Tanzania) Ltd.	Tanzania	ACNielsen Cyprus Limited		99.00
		A. C. Nielsen Company, LLC		1.00
AGB Nielsen Media Research (Thailand) Ltd.	Thailand	AGB Nielsen Media Research B.V.		100.00
		Minority shareholders (seven individuals who each hold 1 share)		0.00
The Nielsen Company (Thailand) Limited	Thailand	The Nielsen Company (Singapore) Holdings Pte. Ltd.		100.00
		Several Nielsen employees hold shares in this company		0.00
AGB-CDI Trinidad and Tobago Limited	Trinidad and Tobago	Nielsen IBOPE Dominicana, S.R.L.		100.00
AMER Tunisia Sarl	Tunisia	AMER Research Limited		99.02
		ACNielsen Cyprus Limited		0.98
Nielsen Arastirma Hizmetleri Limited Sirket	Turkey	ACNielsen (Nederland) B.V.		100.00
Nielsen Audience Measurement Piyasa Arastirma Hizmetleri A.S.	Turkey	AGB Nielsen Media Research TAM Holding B.V.		100.00
The Nielsen Company Medya Yayincilik ve Tanitim Hizmetleri Anonim Şirketii	Turkey	VNU International B.V.		100.00
ACNielsen Uganda Limited	Uganda	ACNielsen Cyprus Limited		99.00
		ACNielsen Company of Canada		1.00
ACNielsen Ukraine Limited Liability Company	Ukraine	ACNielsen Cyprus Limited		99.99
		ACNielsen Company of Canada		0.01
A.C. Nielsen Company Limited	United Kingdom	ACNielsen Holdings UK Limited		100.00
ACNielsen Holdings UK Limited	United Kingdom	Nielsen Holding France SAS		100.00
Affinnova UK Ltd	United Kingdom	Affinnova, Inc.		100.00

Company	Country	Shareholder	%
Brandbank Limited	United Kingdom	A.C. Nielsen Company Limited		100.00
CGA Nielsen (Global) Limited	United Kingdom	The Nielsen Company (Europe) Sarl		51.00
		CGA Strategy Limited (partially Nielsen owned)		49.00
I-Label Limited	United Kingdom	Brandbank Limited		100.00
NetRatings UK Limited	United Kingdom	Nielsen Sub Holdings I B.V.		100.00
Nielsen Book Services Limited	United Kingdom	VNU Holdco (UK) Limited		100.00
Nielsen Media Research Limited	United Kingdom	ACNielsen Holdings UK Limited		100.00
VNU Entertainment Media UK Limited	United Kingdom	VNU Holdco (UK) Limited		100.00
VNU Holdco (UK) Limited	United Kingdom	VNU International B.V.		100.00
White 19 Limited	United Kingdom	Brandbank Limited		100.00
A.C. Nielsen (Argentina) S.A.	United States/DE	A. C. Nielsen Company, LLC		100.00
A. C. Nielsen Company, LLC	United States/DE	Nielsen International Holdings, Inc.		100.00
AC Nielsen Mexico LLC	United States/DE	ACNielsen Company of Canada		100.00
ACN Holdings Inc.	United States/DE	VNU Marketing Information, Inc.		100.00
ACNielsen Corporation	United States/DE	ACN Holdings Inc.		100.00
ACNielsen eRatings.com	United States/DE	A. C. Nielsen Company, LLC		100.00
Affinnova, Inc.	United States/DE	The Nielsen Company (US), LLC		100.00
Arbitron Holdings Inc.	United States/DE	Nielsen Audio, Inc.		100.00
Arbitron International, LLC	United States/DE	Arbitron Holdings Inc.		49.00
		Nielsen Audio, Inc.		51.00
ART Holding, L.L.C.	United States/DE	A. C. Nielsen Company, LLC		100.00
Astro West LLC	United States/DE	Nielsen Audio, Inc.		100.00
Athenian Leasing Corporation	United States/DE	The Nielsen Company (US), LLC		100.00
Cardinal North LLC	United States/DE	Nielsen Audio, Inc.		100.00
CZT/ACN Trademarks, L.L.C.	United States/DE	ACNielsen Corporation		50.00
		The Nielsen Company (US), LLC		50.00
G4 Analytics, Inc.	United States/DE	The Nielsen Company (US), LLC		100.00
GSBC Ohio Corporation	United States/OH	Nielsen Consumer Insights, Inc		100.00
Harris Interactive Asia, LLC	United States/DE	Wirthlin Worldwide, LLC		100.00
Harris Interactive International, Inc	United States/DE	Nielsen Consumer Insights, Inc.		100.00
Marketing Analytics, Inc.	United States/IL	The Nielsen Company (US), LLC		100.00
NC Ventures, LLC	United States/DE	The Nielsen Company (US), LLC		50.00
		Catalina Marketing Corporation (third Party)		50.00
National Consumer Panel, LLC	United States/DE	The Nielsen Company (US), LLC		50.00
		Information Resources Inc. (third Party)		50.00
NetRatings, LLC	United States/DE	The Nielsen Company (US), LLC		100.00
Neurofocus, Inc.	United States/ CA	TNC (US) Holdings, Inc.		100.00
Nielsen Audio, Inc.	United States/DE	ACNielsen Corporation		68.75
		Nielsen International Holdings, Inc.		31.25
Nielsen Consumer Insights, Inc	United States/DE	The Nielsen Company (US), LLC		100.00
Nielsen Finance Co.	United States/DE	Nielsen Finance LLC		100.00
Nielsen Finance LLC	United States/DE	ACN Holdings Inc.		100.00
Nielsen Government and Public Sector, LLC	United States/DE	The Nielsen Company (US), LLC		100.00
Nielsen Holdings, L.L.C.	United States/DE	Nielsen Sub Holdings I B.V.		100.00
Nielsen Innovate NYC, LLC	United States/DE	TNC (US) Holdings, Inc.		100.00
Nielsen International Holdings, Inc.	United States/DE	ACNielsen Corporation		78.37
		VNU International B.V.		21.63
Nielsen Mobile, LLC	United States/DE	The Nielsen Company (US), LLC		100.00
Nielsen National Research Group, Inc.	United States/ CA	The Nielsen Company (US), LLC		100.00
Nielsen Real Estate Management, Inc.	United States/NY	TNC (US) Holdings, Inc.		100.00
Nielsen Social, Inc	United States/DE	Nielsen Social, LLC		100.00
Nielsen Social, LLC	United States/DE	The Nielsen Company (US), LLC		90.00
		AFOS, LLC (third party)		10.00
NMR Investing I, Inc.	United States/DE	The Nielsen Company (US), LLC		100.00
NMR Licensing Associates LP	United States/DE	The Nielsen Company (US), LLC		98.31

Company	Country	Shareholder	%
		NMR Investing I, Inc.		1.69
Panel International SA LLC	United States/DE	ACNielsen Company of Canada		100.00
Scarborough Research	United States/DE	The Nielsen Company (US), LLC		50.50
		Nielsen Audio, Inc.		49.50
The Cambridge Group, Inc.	United States/IL	The Nielsen Company (US), LLC		100.00
The Nielsen Company (US), LLC	United States/DE	ACNielsen Corporation		100.00
The Perishables Group, Inc.	United States/IL	The Nielsen Company (US), LLC		100.00
The Wirthlin Group International, LLC.	United States/DE	Wirthlin Worldwide, LLC		100.00
TNC (US) Holdings, Inc.	United States/ NY	VNU International B.V.		100.00
TVaura Mobile LLC	United States/DE	The Nielsen Company (US), LLC		51.00
		Digimarc Corporation (third party)		49.00
Vizu Corporation	United States/DE	The Nielsen Company (US), LLC		100.00
VNU Marketing Information, Inc.	United States/DE	TNC (US) Holdings, Inc.		95.00
		The Nielsen Company (US), LLC		5.00
Wirthlin Worldwide, LLC	United States/DE	Nielsen Consumer Insights, Inc.		100.00
AC Nielsen de Venezuela S.A.	Venezuela	Nielsen Sub Holdings II B.V.		100.00
AGB Panamericana de Venezuela Medicion	Venezuela	AGB Netherlands C.V.		88.08
		Ibope Latinoamericana S.A. - Montevideo - Uruguay (third party)		3.00
		Treasury Shares		8.92
The Nielsen Company (Vietnam), Ltd.	Vietnam	The Nielsen Company (Singapore) Holdings Pte. Ltd.		100.00

THE NIELSEN COMPANY - INVESTMENTS

Company	Country	Shareholder	%
Bahrain Research and Studies Bureau WLL	Bahrain	MEMRB Retail Tracking Services (Guernsey) Lt.d		49.00
		Mr Ansari (third party)		51.00
IGM S.A.*	Brazil	AGB Nielsen Media Research B.V.		1.00
*IGM S.A. has multiple (in) direct subsidiaries and investments worldwide, but mostly in LATAM, not included in this overview.		IBOPE Participacoes S.A. (third party)		86.07
		TIME S/A (third party)		8.44
		Group of minority shareholders, consisting of:Paulo Pinheiro / Marcos S Montenegro / Luiz Antonio Silveira da Mota / Ana Lucia D’imperio Lima / Alberto Vicente Arnaldo		4.49
IBOPE eRatings.com Latin America	Cayman Islands	Nielsen IBOPE Online		92.00
		International Media Surveys LLC (third party)		8.00
Beijing CR Nielsen Information Technology Co. Ltd.	China	Nielsen Online Hong Kong Limited		49.00
		Beijing Zhongqian Wangrun Information Technology Co. Ltd. (third party)		51.00
Nielsen-CCData Media Research Co. Ltd.	China	The Nielsen Company (Hong Kong) Limited		22.50
		Wasu Digital Television Investment Co., Ltd. (third party)		27.50
		INSIGMA Technology Venture Capital Investment co., ltd. (third party)		20.00
		Zhejiang Silicon Paradise Haitian Huiyuan Venture Investment Limited Partnership (third party)		20.00
		C. Beijing Zhongchuan Dianguang Digital Technology Co. Ltd. (third party)		10.00
Cesky narodni panel s.r.o..	Czech Republic	MEDIARESEARCH, a.s.		25.92
		STEM/MARK, a.s. (third party)		37.04
		NMS Market Research s.r.o. (third party)		37.04
Quantitative Consulting s.r.o..	Czech Republic	MEDIARESEARCH, a.s.		24.66
		RNDr. Jiri Witzany, Ph.D. (third party)		50.67
		RNDr. Rostislav Cerny, Ph.D. (third party)		24.67
Harris Interactive AG..	France	ITWP Acquisition Limited		100.00
MediaMetris Netratings SAS..	France	ACNielsen eRatings.com		35.00
		MediaMetrie, S.A. (third party)		65.00
Harris Interactive AG..	Germany	ITWP Acquisition Limited		100.00
Media Services S.A.	Greece	The Nielsen Company (Greece) S.A.		30.00
		Golden Symbol Investments Limited (third party)		51.00
		Third party shareholders		19.00
Gfk Nielsen India Private Limited	India	Nielsen (India) Private Limited		49.90
		Gfk Asia Pte Limited (third party)		50.10
Adkit (Israel) Ltd.	Israel	The New Wave Research Ltd.		31.25
		H. Lavy (third party)		0.98
		H. Lavy Holdings Ltd. (third party)		36.5 (+1 preferred stock)
		Ultra Scoop Ltd. (third party)		31.25

Company	Country	Shareholder	%
Adstrix Ltd.	Israel	Nielsen Innovate Fund, LP		30.00
		Oded Nachshon, Guy Amos (third parties)		70.00
Evolita Ltd.	Israel	Nielsen Innovate Fund, LP		35.00
		Katya Goldstein, Mark Goldstein (third parties)		65.00
Mobilbuy Ltd.	Israel	Nielsen Innovate Fund, LP		27.59
		Moti Levy, Koby Danon, Yossi Binyamin, Tal Raban (third parties)		72.41
New Sense Research Ltd.	Israel	The New Wave Research Ltd.		60.00
		Ms. Keren Corali (third party, individual)		40.00
Revuse Technology Ltd.	Israel	The New Wave Research Ltd		60.00
		Third party shareholders		40.00
Zollo Social Shopping Ltd. (Israel)	Israel	Nielsen Innovate Fund, LP		25.04
		Avi Heletz Sufrin, Daniel Rejzner, Alex Leizerowich, Golan Laz (third parties)		74.96
AGB Stat IPSOS sal	Lebanon	AGB Nielsen Media Research TAM Holding B.V.		40.00
		Ipsos SA (third party)		30.00
		STAT SAL (third party)		30.00
IBOPE eRatings.com Mexico	Mexico	IBOPE eRatings.com Latin America		100.00
TNS AGB International S.R.L. (Dormant)	Romania	AGB Nielsen Media Research TAM Holding B.V.		29.40
		Taylor Nelson Sofres B.V. (third party)		51.00
		IMAS SA (third party)		19.60
2muse mediaresearch, s.r.o.	Slovakia	MEDIARESEARCH, a.s.		51.00
		2muse s.r.o. (third party)		49.00
Bibliographic Data Services Limited	United Kingdom	Nielsen Book Services Limited		40.00
		Dumfries & Galloway Enterprise (third party)		20.00
		Lesley Whyte (third party)		20.00
		Eric Green (third party)		20.00
CGA Strategy Limited	United Kingdom	A.C. Nielsen Company Limited		20.3
		Licentia Holdings LLP (third party)		60.90
		Martin Curren (third party)		6.62
		Jonathan Collins (third party)		12.18
Harris Interactive UK Limited	United Kingdom	Romtec UK Limited		100.00
HI UK Holdings Limited	United Kingdom	Wirthlin UK Limited		100.00
ITWP Acquisitions Limited	United Kingdom	Harris Interactive International, Linc		10.00
		Third party shareholders		90.00
Romtec UK Limited	United Kingdom	HI UK Holdings Limited		100.00
Teligen UK Limited	United Kingdom	Romtec UK Limited		100.00
Toluna Group Limited.* has multiple (in)direct subsidiaries and investments worldwide. not included in this list.	United Kingdom	ITWP Acquisitions Limited		100.00
Wirthlin Europe Limited	United Kingdom	Harris Interactive UK Limited		100.00
Wirthlin UK Limited	United Kingdom	ITWP Acquisitions Limited		100.00
Carrier IQ, Inc.	United States	The Nielsen Company (US), LLC		<4
comScore, Inc.* has multiple (in)direct subsidiaries and investments worldwide. not included in this list.	United States/DE	The Nielsen Company (US), LLC		Approx. 2.73% (company is public and stock listed)
JEGI Internet Economy Partners, L.P.	United States	VNU International B.V.		6.62
Media Behavior Institute	United States	The Nielsen Company (US), LLC		25.00
		GfK Mediamark Research & Intelligence, LLC (third party)		25.00
		Sequent Partners, LLC (third party)		40.16

Company	Country	Shareholder	%
		William Moult (third party)		9.85
Percipient Inc.	United States	ACNielsen Corporation		6.40
TVaura LLC	United States	The Nielsen Company (US), LLC		49.00
		Digimarc Corporation (third Party)		51.00