Exhibit 21.1
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The following is a list of subsidiaries of RPM International Inc.(1) as of
August 25, 2003.

Jurisdiction of
Name Incorporation
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First Colonial Insurance Company, Inc. Vermont
RPM Asia Pte. Ltd. Singapore
Alumanation (M) Sdn. Bhd. Malaysia
Espan Corporation Pte. Ltd. Singapore
RPM China Pte. Ltd. Singapore
Magnagro Industries Pte. Ltd. Singapore
Dryvit Wall Systems (Suzhou) Co. Ltd. China
RPM Consumer Holding Company Delaware
Bondo Corporation Ohio
DAP Products Inc.(2) Delaware
DAP Holdings, LLC(3) Delaware
Rust-Oleum Corporation(4) Illinois
Rust-Oleum International, LLC(5) Delaware
ROC Sales, Inc.(6) Illinois
Rust-Oleum Sales Company, Inc.(7) Ohio
The Flecto Company, Inc.(8) California
Rust-Oleum Japan Corporation Japan
The Testor Corporation(9) Ohio
Zinsser Co., Inc.(10) New Jersey
Zinsser Holdings, LLC(11) Delaware
Mantrose-Haeuser Co., Inc. Massachusetts
Modern Masters Inc. California
Thibaut Inc. New York
RPM Enterprises, Inc. Delaware
RPM, Inc.(12) Ohio
American Emulsions Co., Inc. Georgia
Select Dye & Chemical, Inc. Georgia
Bondex International, Inc. Ohio
Chemical Specialties Manufacturing Corporation Maryland
Day-Glo Color Corp.(13) Ohio
Dryvit Holdings, Inc. Delaware
Dryvit Systems, Inc.(14) Rhode Island
Dryvit Systems USA (Europe) sp z.oo. Poland
Guardian Products, Inc. Delaware
Kop-Coat, Inc. Ohio
K-C Divestiture Corp. New York
Kop-Coat New Zealand Limited New Zealand
Agpro (N.Z.) Limited New Zealand
RPM Wood Finishes Group, Inc.(15) Nevada

Chemical Coatings, Inc. North Carolina
RPM of Mass., Inc. Massachusetts
Westfield Coatings Corporation Massachusetts
TCI, Inc. Georgia

RPM Industrial Holding Company Delaware
Carboline Company(16) Delaware
Carboline International Corporation(17) Delaware
Carboline Dubai Corporation Missouri
StonCor Africa (Pty.) Ltd. South Africa
Chemrite Equipment Systems
(Pty.) Ltd. South Africa
StonCor Namibia (Pty.) Ltd. South Africa
Republic Powdered Metals, Inc.(18) Ohio
StonCor Group, Inc.(19) Delaware
Fibergrate Composite Structures Incorporated Delaware
Fibergrate B.V. Netherlands
Parklin Management Group, Inc.(20) New Jersey
Stonhard Agencia en Chile Chile
StonCor Corrosion Specialists Group Ltda.(21) Brazil
Tremco Incorporated(22) Ohio
The Euclid Chemical Company(23) Ohio
Euclid Chemical International Sales Corp.(24) Ohio
Grandcourt N.V.(25) Netherlands Antilles
Redwood Transport, Inc.(26) Ohio
Paramount Technical Products, Inc. South Dakota
Tremco A.B. Sweden
Tremco Asia Pacific Pty. Limited Australia
PABCO Products Pty. Limited Australia
Tremco Pty. Limited Australia
Tremco Asia Pte. Ltd. Singapore
Tremco Barrier Solutions, Inc. Delaware
Tremco GmbH Germany
Weatherproofing Technologies, Inc.(27) Delaware
RSIF International Limited Ireland
Sierra Performance Coatings, Inc. California

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(1) RPM International Inc. owns 100% of the outstanding voting Common Stock of
RPM Funding Corporation, a Delaware corporation. The remaining outstanding
shares of RPM Funding Corporation are held as follows: 100% of the outstanding
Series A Preferred Stock (non-voting) by Republic Powdered Metals, Inc.; 100% of
the outstanding Series B Preferred Stock (non-voting) by DAP Products Inc.; 100%
of the outstanding Series C Preferred Stock (non-voting) by The Euclid Chemical
Company; 100% of the outstanding Series D Preferred Stock (non-voting) by
Republic Powdered Metals, Inc.; 100% of the outstanding Series E Preferred Stock
(non-voting) by Rust-Oleum Corporation; 100% of the outstanding Series F
Preferred Stock (non-

voting) by The Testor Corporation; 100% of the outstanding Series G Preferred
Stock (non-voting) by Tremco Incorporated; 100% of the outstanding Series H
Preferred Stock (non-voting) by Weatherproofing Technologies, Inc.; and 100% of
the Series I Preferred Stock (non-voting) by Zinsser Co., Inc.

RPM Funding Corporation owns 5% of the outstanding shares of Carboline Norge
A/S, a Norwegian corporation. Of the remaining outstanding shares of Carboline
Norge A/S, Carboline International Corporation owns 40% and 55% are held by a
joint venture partner.

(2) DAP Products Inc. owns 100% of the outstanding Series B Preferred Stock
(non-voting) of RPM Funding Corporation, a Delaware corporation. The remaining
outstanding shares of RPM Funding Corporation are held as follows: 100% of the
outstanding voting Common Stock by RPM International Inc.; 100% of the
outstanding Series A Preferred Stock (non-voting) by Republic Powdered Metals,
Inc.; 100% of the outstanding Series C Preferred Stock (non-voting) by The
Euclid Chemical Company; 100% of the outstanding Series D Preferred Stock
(non-voting) by Republic Powdered Metals, Inc.; 100% of the outstanding Series E
Preferred Stock (non-voting) by Rust-Oleum Corporation; 100% of the outstanding
Series F Preferred Stock (non-voting) by The Testor Corporation; 100% of the
outstanding Series G Preferred Stock (non-voting) by Tremco Incorporated; 100%
of the outstanding Series H Preferred Stock (non-voting) by Weatherproofing
Technologies, Inc.; and 100% of the Series I Preferred Stock (non-voting) by
Zinsser Co., Inc.

DAP Products Inc. owns 90% of the outstanding shares of DAP Chile S.A., a
Chilean corporation. The remaining 10% of the outstanding shares of DAP Chile
S.A. are held by RPM Canada Company.

DAP Products Inc. owns 94% of the outstanding shares of Portazul, S.A., a
Dominican Republic corporation. The remaining 6% of the outstanding shares of
Portazul, S.A. are held by the directors of Portazul, S.A.

(3) DAP Holdings, LLC owns 100% of the outstanding Common Stock of DAP Brands
Company, a Delaware corporation. RPM Canada Company owns 100% of the outstanding
Series A Preferred Stock and Series B Preferred Stock of DAP Brands Company.

DAP Holdings, LLC owns 1.60% of the outstanding shares of RPM Holdco Corp., a
Delaware Corporation. The remaining outstanding shares of RPM Holdco Corp. are
held as follows: Carboline Company 2.93%, Day-Glo Color Corp. 7.33%, Dryvit
Systems, Inc. 8.40%, The Euclid Chemical Company 1.27%, RPM Wood Finishes Group,
Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor Group, Inc. 12.87%,
Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

(4) Rust-Oleum Corporation owns 100% of the outstanding Series E Preferred Stock
(non-voting) of RPM Funding Corporation, a Delaware corporation. The remaining
outstanding shares of RPM Funding Corporation are held as follows: 100% of the
outstanding voting Common Stock by RPM International Inc.; 100% of the
outstanding Series A Preferred Stock (non-voting) by Republic Powdered Metals,
Inc.; 100% of the outstanding Series B Preferred Stock (non-voting) by DAP
Products Inc.; 100% of the outstanding Series C Preferred Stock (non-voting) by
The Euclid Chemical Company; 100% of the outstanding Series D Preferred Stock
(non-voting) by Republic Powdered Metals, Inc.; 100% of the outstanding Series F
Preferred Stock (non-voting) by The Testor Corporation; 100% of the outstanding
Series G Preferred Stock (non-voting) by Tremco Incorporated; 100% of the
outstanding Series H Preferred Stock (non-voting) by Weatherproofing
Technologies, Inc.; and 100% of the Series I Preferred Stock (non-voting) by
Zinsser Co., Inc.

Rust-Oleum Corporation owns 99% of Rust-Oleum (Chile) Ltda., a Chilean limited
liability company. The remaining 1% of the outstanding shares of Rust-Oleum
(Chile) Ltda. are held by ROC Sales, Inc.

Rust-Oleum Corporation owns 99.992% of the outstanding shares of Rust-Oleum
Argentina S.A., an Argentine corporation. The remaining .008% of the outstanding
shares of Rust-Oleum Argentina S.A. are held by Rust-Oleum Sales Company, Inc.

(5) Rust-Oleum International, LLC owns 100% of the outstanding Common Stock of
Rust-Oleum Brands Company, a Delaware corporation. RPM Canada Company owns 100%
of the outstanding Series A Preferred Stock and Series B Preferred Stock of
Rust-Oleum Brands Company.

Rust-Oleum International, LLC owns 15% of the outstanding shares of RPM Holdco
Corp., a Delaware Corporation. The remaining outstanding shares of RPM Holdco
Corp. are held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%,
Day-Glo Color Corp. 7.33%, Dryvit Systems, Inc. 8.40%, The Euclid Chemical
Company 1.27%, RPM Wood Finishes Group, Inc. 5.66%, StonCor Group, Inc. 12.87%,
Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

(6) ROC Sales, Inc. owns 1% of the outstanding shares of Rust-Oleum (Chile)
Ltda., a Chilean limited liability company. The remaining 99% of the outstanding
shares of Rust-Oleum (Chile) Ltda. are held by Rust-Oleum Corporation.

(7) Rust-Oleum Sales Company, Inc. owns .008% of the outstanding shares of
Rust-Oleum Argentina S.A., an Argentine corporation. The remaining 99.992% of
the outstanding shares of Rust-Oleum Argentina S.A. are held by Rust-Oleum
Corporation.

(8) The Flecto Company, Inc. owns 79% of the outstanding shares of Harry A.
Crossland Investments, Ltd., a Nevada corporation. The remaining 21% of the
outstanding shares of Harry A. Crossland Investments, Ltd. are held by RPM
Canada Company.

Harry A. Crossland Investments, Ltd. owns 100% of the outstanding shares of
Crossland Distributors Ltd., a Canadian corporation.

(9) The Testor Corporation owns 100% of the outstanding Series F Preferred Stock
(non-voting) of RPM Funding Corporation, a Delaware corporation. The remaining
outstanding shares of RPM Funding Corporation are held as follows: 100% of the
outstanding voting Common Stock by RPM International Inc.; 100% of the
outstanding Series A Preferred Stock (non-voting) by Republic Powdered Metals,
Inc.; 100% of the outstanding Series B Preferred Stock (non-voting) by DAP
Products Inc.; 100% of the outstanding Series C Preferred Stock (non-voting) by
The Euclid Chemical Company; 100% of the outstanding Series D Preferred Stock
(non-voting) by Republic Powdered Metals, Inc.; 100% of the outstanding Series E
Preferred Stock (non-voting) by Rust-Oleum Corporation; 100% of the outstanding
Series G Preferred Stock (non-voting) by Tremco Incorporated; 100% of the
outstanding Series H Preferred Stock (non-voting) by Weatherproofing
Technologies, Inc.; and 100% of the Series I Preferred Stock (non-voting) by
Zinsser Co., Inc.

(10) Zinsser Co., Inc. owns 100% of the outstanding Series I Preferred Stock
(non-voting) of RPM Funding Corporation, a Delaware corporation. The remaining
outstanding shares of RPM Funding Corporation are held as follows: 100% of the
outstanding voting Common Stock by RPM International Inc.; 100% of the
outstanding Series A Preferred Stock (non-voting) by Republic Powdered Metals,
Inc.; 100% of the outstanding Series B Preferred Stock (non-voting) by DAP
Products Inc.; 100% of the outstanding Series C Preferred Stock (non-voting) by
The Euclid Chemical Company; 100% of the outstanding Series D Preferred Stock
(non-voting) by Republic Powdered Metals, Inc.; 100% of the outstanding Series E
Preferred Stock (non-voting) by Rust-Oleum Corporation; 100% of the outstanding
Series F Preferred Stock (non-voting) by The Testor Corporation; 100% of the
outstanding Series G Preferred Stock (non-voting) by Tremco Incorporated; and
100% of the Series H Preferred Stock (non-voting) by Weatherproofing
Technologies, Inc.

(11) Zinsser Holdings, LLC owns 100% of the outstanding Common Stock of Zinsser
Brands Company, a Delaware corporation. RPM Canada Company owns 100% of the
outstanding Series A Preferred Stock and Series B Preferred Stock of Zinsser
Brands Company.

Zinsser Holdings, LLC owns .27% of the outstanding shares of RPM Holdco Corp., a
Delaware Corporation. The remaining outstanding shares of RPM Holdco Corp. are
held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%, Day-Glo Color
Corp. 7.33%, Dryvit Systems, Inc. 8.40%, The Euclid Chemical Company 1.27%, RPM
Wood Finishes Group, Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor
Group, Inc. 12.87% and Tremco Incorporated 44.67%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

(12) RPM, Inc. owns 88% of the outstanding shares of RPM/Lux Consult S.A., a
Luxembourg corporation. The remaining 12% of the outstanding shares of RPM/Lux
Consult S.A. are held by Tremco Incorporated.

RPM/Lux Consult S.A. owns .2% of the outstanding shares of Monile France
S.A.R.L., a French corporation. The remaining 99.8% of the outstanding shares of
Monile France S.A.R.L. are held by RPM/Belgium N.V.

(13) Day-Glo Color Corp. owns 7.33% of the outstanding shares of RPM Holdco
Corp., a Delaware Corporation. The remaining outstanding shares of RPM Holdco
Corp. are held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%,
Dryvit Systems, Inc. 8.40%, The Euclid Chemical Company 1.27%, RPM Wood Finishes
Group, Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor Group, Inc.
12.87%, Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

Day-Glo Color Corp. owns .32% of the outstanding shares of Radiant Color N.V., a
Belgian corporation. The remaining 99.68% of the outstanding shares of Radiant
Color N.V. are held by RPM/Europe B.V.

Radiant Color N.V. owns 99.99% of the outstanding shares of Martin Mathys N.V.,
a Belgian corporation. The remaining .01% of the outstanding shares of Martin
Mathys N.V. are held by RPM/Belgium N.V.

Radiant Color N.V. owns 85.71% of the outstanding shares of APSA S.p.A., an
Italian corporation. Of the remaining outstanding shares of APSA S.p.A., 13.57%
are held by RPOW France S.A. and .72% are held by RPM/Europe B.V.

(14) Dryvit Systems, Inc. owns 8.40% of the outstanding shares of RPM Holdco
Corp., a Delaware corporation. The remaining outstanding shares of RPM Holdco
Corp. are held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%,
Day-Glo Color Corp. 7.33%, The Euclid Chemical Company 1.27%, RPM Wood Finishes
Group, Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor Group, Inc.
12.87%, Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

Dryvit Systems, Inc. owns 88% of the outstanding shares of Beijing Dryvit
Chemical Building Materials Co., Ltd., a Peoples Republic of China company. The
remaining outstanding shares of Beijing Dryvit Chemical Building Materials Co.,
Ltd. are held by a joint venture partner.

(15) RPM Wood Finishes Group, Inc. owns 5.66% of the outstanding shares of RPM
Holdco Corp., a Delaware corporation. The remaining outstanding shares of RPM
Holdco Corp. are held as follows: Carboline Company 2.93%, DAP Holdings, LLC
1.60%, Day-Glo Color Corp. 7.33%, Dryvit Systems, Inc. 8.40%, The Euclid
Chemical Company 1.27%, Rust-Oleum International, LLC 15%, StonCor Group, Inc.
12.87%, Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

(16) Carboline Company owns 2.93% of the outstanding shares of RPM Holdco Corp.,
a Delaware Corporation. The remaining outstanding shares of RPM Holdco Corp. are
held as follows: DAP Holdings, LLC 1.60%, Day-Glo Color Corp. 7.33%, Dryvit
Systems, Inc. 8.40%, The Euclid Chemical Company 1.27%, RPM Wood Finishes Group,
Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor Group, Inc. 12.87%,
Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

(17) Carboline International Corporation owns 49% of Carboline Korea Ltd.; 40%
of Carboline Norge A/S; 49% of StonCor Middle East LLC; 33.33% of Japan
Carboline Company Ltd.; and 40% of CDC Carboline (India) Ltd. All outstanding
shares of these entities are held by joint

venture partners. However, 5% of the outstanding shares of Carboline Norge A/S
are held by RPM Funding Corporation.

(18) Republic Powdered Metals, Inc. owns 100% of the outstanding Series A & D
Preferred Stock (non-voting) of RPM Funding Corporation, a Delaware corporation.
The remaining outstanding shares of RPM Funding Corporation are held as follows:
100% of the outstanding voting Common Stock by RPM International Inc.; 100% of
the outstanding Series B Preferred Stock (non-voting) by DAP Products Inc.; 100%
of the outstanding Series C Preferred Stock (non-voting) by The Euclid Chemical
Company; 100% of the outstanding Series E Preferred Stock (non-voting) by
Rust-Oleum Corporation; 100% of the outstanding Series F Preferred Stock
(non-voting) by The Testor Corporation; 100% of the outstanding Series G
Preferred Stock (non-voting) by Tremco Incorporated; 100% of the outstanding
Series H Preferred Stock (non-voting) by Weatherproofing Technologies, Inc.; and
100% of the Series I Preferred Stock (non-voting) by Zinsser Co., Inc.

(19) StonCor Group, Inc. owns 12.87% of the outstanding shares of RPM Holdco
Corp., a Delaware corporation. The remaining outstanding shares of RPM Holdco
Corp. are held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%,
Day-Glo Color Corp. 7.33%, Dryvit Systems, Inc. 8.40%, The Euclid Chemical
Company 1.27%, RPM Wood Finishes Group, Inc. 5.66%, Rust-Oleum International,
LLC 15%, Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

StonCor Group, Inc. owns 99% of the outstanding shares of Stonhard S.A., a
Luxembourg corporation. The remaining 1% of the outstanding shares of Stonhard
S.A. are held by Parklin Management Group, Inc.

StonCor Group, Inc. owns 99.25% of the outstanding shares of Grupo StonCor, S.A.
de C.V., a Mexican corporation. The remaining .75% of the outstanding shares of
Grupo StonCor, S.A. de C.V. are held by Parklin Management Group, Inc.

Grupo StonCor, S.A. de C.V. owns 100% of the outstanding shares of Plasite, S.A.
de C.V. Mexico, a Mexican corporation and 100% of the outstanding shares of
Grupo StonCor, S.A. de C.V., a Colombian corporation.

StonCor Group, Inc. owns 99.99% of the outstanding shares of Stonhard de Mexico
S.A. de C.V., a Mexican corporation. The remaining .01% of the outstanding
shares are held by Parklin Management Group, Inc.

Stonhard de Mexico S.A. de C.V. owns 100% of the outstanding shares of Juarez
Immobiliaria, S.A., a Mexican corporation.

StonCor Group, Inc. owns 80% of the outstanding shares of Multicor S.A.
Argentina I.yC., an Argentine corporation. The remaining 20% of the outstanding
shares of Multicor S.A. Argentina IyC. are equally divided between two
individuals.

StonCor Group, Inc. owns .01% of the outstanding shares of StonCor Services,
Ltda., a Brazilian corporation. The remaining 99.99% of the outstanding shares
of StonCor Services, Ltda. are held by StonCor Corrosion Specialists Group Ltda.

(20) Parklin Management Group, Inc. owns 6% of the outstanding shares of StonCor
(Deutschland) GmbH, a German corporation. The remaining 94% of the outstanding
shares of StonCor (Deutshland) GmbH are held by RPM Canada Company.

StonCor (Deutschland) GmbH owns 100% of the outstanding shares of Alteco Technik
GmbH, a German corporation.

Alteco Technik GmbH owns 1% of the outstanding shares of Alteco Chemical S.A., a
Portuguese company. Of the remaining outstanding shares of Alteco Chemical S.A.,
96% are held by RPM/Belgium N.V. and 3% are held by three directors of Alteco
Chemical S.A.

Parklin Management Group, Inc. owns .75% of the outstanding shares of Grupo
StonCor, S.A. de C.V., a Mexican corporation. The remaining 99.25% of the
outstanding shares of Grupo StonCor, S.A. de C.V. are held by StonCor Group,
Inc.

Parklin Management Group, Inc. owns .01% of the outstanding shares of Stonhard
de Mexico S.A. de C.V., a Mexican corporation. The remaining 99.99% of the
outstanding shares of Stonhard de Mexico S.A. de C.V. are held by StonCor Group,
Inc.

Parklin Management Group, Inc. owns 1% of the outstanding shares of Stonhard
S.A., a Luxembourg corporation. The remaining 99% of the outstanding shares of
Stonhard S.A. are held by StonCor Group, Inc.

(21) StonCor Corrosion Specialists Group Ltda. owns 99.99% of the outstanding
shares of StonCor Services, Ltda., a Brazilian corporation. The remaining .01%
of the outstanding shares of StonCor Services, Ltda. are held by StonCor Group,
Inc.

(22) Tremco Incorporated owns 100% of the outstanding Series G Preferred Stock
(non-voting) of RPM Funding Corporation, a Delaware corporation. The remaining
outstanding shares of RPM Funding Corporation are held as follows: 100% of the
outstanding voting Common Stock by RPM International Inc.; 100% of the
outstanding Series A Preferred Stock (non-voting) by Republic Powdered Metals,
Inc.; 100% of the outstanding Series B Preferred Stock (non-voting) by DAP
Products Inc.; 100% of the outstanding Series C Preferred Stock (non-voting) by
The

Euclid Chemical Company; 100% of the outstanding Series D Preferred Stock
(non-voting) by Republic Powdered Metals, Inc.; 100% of the outstanding Series E
Preferred Stock (non-voting) by Rust-Oleum Corporation; 100% of the outstanding
Series F Preferred Stock (non-voting) by The Testor Corporation; 100% of the
outstanding Series H Preferred Stock (non-voting) by Weatherproofing
Technologies, Inc.; and 100% of the Series I Preferred Stock (non-voting) by
Zinsser Co., Inc.

Tremco Incorporated owns 44.67% of the outstanding shares of RPM Holdco Corp., a
Delaware corporation. The remaining outstanding shares of RPM Holdco Corp. are
held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%, Day-Glo Color
Corp. 7.33%, Dryvit Systems, Inc. 8.40%, The Euclid Chemical Company 1.27%, RPM
Wood Finishes Group, Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor
Group, Inc. 12.87%, and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company.

RPM Canada Company owns 100% of the outstanding Series A Preferred Stock and
Series B Preferred Stock of DAP Brands Company, a Delaware corporation. DAP
Holdings, LLC owns 100% of the outstanding Common Stock of DAP Brands Company.

RPM Canada Company owns 100% of the outstanding Series A Preferred Stock and
Series B Preferred Stock of Rust-Oleum Brands Company, a Delaware corporation.
Rust-Oleum International, LLC owns 100% of the outstanding Common Stock of
Rust-Oleum Brands Company.

RPM Canada Company owns 100% of the outstanding Series A Preferred Stock and
Series B Preferred Stock of Zinsser Brands Company, a Delaware corporation.
Zinsser Holdings, LLC owns 100% of the outstanding Common Stock of Zinsser
Brands Company.

RPM Canada Company owns 100% of the outstanding shares of RPM Canada Investment
Company, a Canadian unlimited liability company.

RPM Canada Company is a 99% partner in RPM Canada, a General Partnership, an
Ontario partnership. RPM Canada Investment Company is a 1% partner in RPM
Canada, a General Partnership.

RPM Canada Company owns 21% of the outstanding shares of Harry A. Crossland
Investments, Ltd., a Nevada corporation. The remaining 79% of the outstanding
shares of Harry A. Crossland Investments, Ltd. are held by The Flecto Company,
Inc.

Harry A. Crossland Investments, Ltd. owns 100% of the outstanding shares of
Crossland Distributors Ltd., a Canadian corporation.

RPM Canada, a General Partnership owns 100% of the outstanding shares of Tremco
Limited, a United Kingdom corporation.

RPM Canada, a General Partnership owns 100% of the outstanding shares of Euclid
Admixture Canada Inc., a Canadian corporation.

Tremco Limited owns 100% of the outstanding shares of OY Tremco Ltd., a Finnish
corporation and 100% of the outstanding shares of each of Tretolbond Limited.,
Tretol Group Limited and Tretol Limited, all United Kingdom corporations.

RPM Canada Company owns 10% of the outstanding shares of DAP Chile S.A., a
Chilean corporation. The remaining 90% of the outstanding shares of DAP Chile
S.A. are held by DAP Products Inc.

RPM Canada Company owns 100% of the outstanding shares of RPM/Europe B.V., a
Netherlands corporation.

RPM/Europe B.V. owns 100% of the outstanding shares of Rust-Oleum Netherlands
B.V., StonCor Benelux B.V., and Tremco B.V., all Netherlands corporations, and
RPOW U.K. Limited, a United Kingdom corporation.

RPM/Europe B.V. owns 96.04% of the outstanding shares of RPM/Belgium N.V., a
Belgian corporation. The remaining 3.96% of the outstanding shares of
RPM/Belgium N.V. are held by Tremco Incorporated.

RPM/Belgium N.V. owns 99.8% of the outstanding shares of Monile France S.A.R.L.,
a French corporation. The remaining .2% of the outstanding shares of Monile
France S.A.R.L. are held by RPM/Lux Consult S.A.

RPM/Belgium N.V. owns 96% of the outstanding shares of Alteco Chemical S.A., a
Portuguese corporation. Of the remaining outstanding shares of Alteco Chemical
S.A., 1% are held by Alteco Technik GmbH and 3% are held by three directors of
Alteco Chemical S.A.

RPM/Europe B.V. owns 99.99% of the outstanding shares of RPOW France S.A., a
French corporation. The remaining .01% of the outstanding shares of RPOW France
S.A. are held by the directors of RPOW France S.A.

RPM/Europe B.V. owns .72% of the outstanding shares of APSA S.p.A., an Italian
corporation. Of the remaining outstanding shares of APSA S.p.A., 85.71% are held
by Radiant Color N.V. and 13.57% are held by RPOW France S.A.

RPM/Europe B.V. owns 99.04% of the outstanding shares of RPM Europe S.A., a
Belgian corporation. The remaining .96% of the outstanding shares of RPM Europe
S.A. are held by RPM/Lux Consult S.A.

RPOW France S.A. owns 13.57% of the outstanding shares of APSA S.p.A., an
Italian corporation. Of the remaining outstanding shares of APSA S.p.A., 85.71%
are held by Radiant Color N.V. and .72% are held by RPM/Europe B.V.

RPOW France S.A. owns 99.40% of the outstanding shares of Corroline France S.A.,
a French corporation. The remaining .60% of the outstanding shares of Corroline
France S.A. are held by the directors of Corroline France S.A.

RPOW France S.A. owns 99.90% of the outstanding shares of Rust-Oleum France
S.A., a French corporation. The remaining .10% of the outstanding shares of
Rust-Oleum France S.A. are held by the directors of Rust-Oleum France S.A.

RPOW France S.A. owns 70% of the outstanding shares of Rust-Oleum Mathys Italia
S.r.l., an Italian corporation. The remaining 30% of the outstanding shares of
Rust-Oleum Mathys Italia S.r.l. are held by a joint venture partner.

RPOW France S.A. owns 99.90% of the outstanding shares of Stonhard S.A.S., a
French corporation. The remaining .10% of the outstanding shares are held by the
directors of Stonhard S.A.S.

RPOW U.K. Limited owns 100% of the outstanding shares of each of Bondo U.K.
Limited, Carboline U.K. Limited, Chemspec Europe Limited, Dryvit U.K. Limited,
Fibergrate Composite Structures Limited, Mantrose U.K. Limited, RPM Holdings UK
Limited, Rust-Oleum U.K. Limited and Stonhard U.K. Limited, all United Kingdom
corporations, and Stonhard (Ireland) Limited, an Irish corporation.

Mantrose U.K. Limited owns 100% of the outstanding shares of each of Agricoat
Industries Limited and Wm. Zinsser Limited, both United Kingdom corporations.

RPM Holdings UK Limited owns 100% of the outstanding shares of Dore Holdings
Limited, a United Kingdom corporation.

Dore Holdings Limited owns 100% of the outstanding shares of each of Amtred
Limited and Nullifire Limited, both United Kingdom corporations.

RPM Canada Company owns 94% of the outstanding shares of StonCor (Deutschland)
GmbH, a German corporation. The remaining 6% of the outstanding shares of
StonCor (Deutschland) GmbH are held by Parklin Management Group, Inc.

StonCor (Deutschland) GmbH owns 100% of the outstanding shares of Alteco Technik
GmbH, a German corporation.

Tremco Incorporated owns 3.96% of the outstanding shares of RPM/Belgium N.V., a
Belgian corporation. The remaining 96.04% of the outstanding shares of
RPM/Belgium N.V. are held by RPM/Europe B.V.

RPM/Belgium N.V. owns .01% of the outstanding shares of Martin Mathys N.V., a
Belgian corporation. The remaining 99.99% of the outstanding shares of Martin
Mathys N.V. are held by Radiant Color N.V.

Tremco Incorporated owns .0025% of the outstanding shares of Toxement S.A., a
Colombian corporation. Of the remaining outstanding shares of Toxement S.A.,
Grandcourt N.V. owns 50.99%, The Euclid Chemical Company owns 49% and Euclid
Chemical International Sales Corp, Redwood Transport, Inc. and Weatherproofing
Technologies, Inc. each own .0025%.

Tremco Incorporated owns 50% of the outstanding shares of Sime Tremco Sdn. Bhd.,
a Malaysian corporation. The remaining outstanding shares of Sime Tremco Sdn.
Bhd. are held by a joint venture partner.

Sime Tremco Sdn. Bhd. Owns 100% of the outstanding shares of each of Sime Tremco
(Malaysia) Sdn. Bhd. and Sime Tremco Specialty Chemicals Sdn, Bhd., both
Malaysian corporations.

Tremco Incorporated owns 99.999% of the outstanding shares of Tremco Far East
Limited, a Hong Kong corporation. The remaining .001% of the outstanding shares
of Tremco Far East Limited are held by a director of Tremco Far East Limited.

Tremco Far East Limited owns 100% of the outstanding shares of Tremco (Malaysia)
Sdn. Bhd., a Malaysian corporation and 100% of the outstanding shares of
Shanghai Tremco International Trading Co., Ltd., a Chinese corporation.

Tremco Incorporated owns 12% of the outstanding shares of RPM/Lux Consult S.A.,
a Luxembourg corporation. The remaining 88% of the outstanding shares of RPM/Lux
Consult S.A. are held by RPM, Inc.

RPM/Lux Consult S.A. owns .96% of the outstanding shares of RPM Europe S.A., a
Belgian corporation. The remaining 99.04% of the outstanding shares of RPM
Europe S.A. are held by RPM/Europe B.V.

(23) The Euclid Chemical Company owns 100% of the outstanding Series C Preferred
Stock (non-voting) of RPM Funding Corporation, a Delaware corporation. The
remaining outstanding shares of RPM Funding Corporation are held as follows:
100% of the outstanding voting Common Stock by RPM International Inc.; 100% of
the outstanding Series A Preferred Stock (non-voting) by Republic Powdered
Metals, Inc.; 100% of the outstanding Series B Preferred Stock (non-voting) by
DAP Products Inc.; 100% of the outstanding Series D Preferred Stock (non-voting)
by Republic Powdered Metals, Inc.; 100% of the outstanding Series E Preferred
Stock (non-voting) by Rust-Oleum Corporation; 100% of the outstanding Series F
Preferred Stock (non-voting) by The Testor Corporation; 100% of the outstanding
Series G Preferred Stock (non-voting) by Tremco Incorporated; 100% of the
outstanding Series H Preferred Stock (non-voting) by Weatherproofing
Technologies, Inc.; and 100% of the Series I Preferred Stock (non-voting) by
Zinsser Co., Inc.

The Euclid Chemical Company owns 1.27% of the outstanding shares of RPM Holdco
Corp., a Delaware corporation. The remaining outstanding shares of RPM Holdco
Corp. are held as follows: Carboline Company 2.93%, DAP Holdings, LLC 1.60%,
Day-Glo Color Corp. 7.33%, Dryvit Systems, Inc. 8.40%, RPM Wood Finishes Group,
Inc. 5.66%, Rust-Oleum International, LLC 15%, StonCor Group, Inc. 12.87%,
Tremco Incorporated 44.67% and Zinsser Holdings, LLC .27%.

RPM Holdco Corp. owns 100% of the outstanding shares of RPM Canada Company, a
Canadian unlimited liability company. Subsidiaries of RPM Canada Company are
listed under Tremco Incorporated footnote.

The Euclid Chemical Company owns 99.997% of the outstanding shares of Eucomex
S.A. de C.V., a Mexican corporation. The remaining .003% of the outstanding
shares of Eucomex S.A. de C.V. are held by Redwood Transport, Inc.

The Euclid Chemical Company owns 49% of the outstanding shares of Toxement S.A.,
a Colombian corporation. Of the remaining outstanding shares of Toxement S.A.,
Grandcourt N.V. owns 50.99% and Euclid Chemical International Sales Corp.,
Redwood Transport, Inc., Tremco Incorporated and Weatherproofing Technologies,
Inc. each own .0025%.

(24) Euclid Chemical International Sales Corp. owns .0025% of the outstanding
shares of Toxement S.A., a Colombian corporation. Of the remaining outstanding
shares of Toxement S.A., Grandcourt N.V. owns 50.99%, The Euclid Chemical
Company owns 49% and Redwood Transport, Inc., Tremco Incorporated and
Weatherproofing Technologies, Inc. each own .0025%.

(25) Grandcourt N.V. owns 50.99% of the outstanding shares of Toxement S.A., a
Colombian corporation. Of the remaining outstanding shares of Toxement S.A., The
Euclid Chemical Company owns 49% and Euclid Chemical International Sales Corp.,
Redwood Transport, Inc., Tremco Incorporated and Weatherproofing Technologies,
Inc. each own .0025%.

(26) Redwood Transport, Inc. owns .003% of the outstanding shares of Eucomex
S.A. de C.V., a Mexican corporation. The remaining 99.997% of the outstanding
shares of Eucomex S.A. de C.V. are held by The Euclid Chemical Company.

Redwood Transport, Inc. owns .0025% of the outstanding shares of Toxement S.A.,
a Colombian corporation. Of the remaining outstanding shares of Toxement S.A.,
Grandcourt N.V. owns 50.99%, The Euclid Chemical Company owns 49% and Euclid
Chemical International Sales Corp., Tremco Incorporated and Weatherproofing
Technologies, Inc. each own .0025%.

(27) Weatherproofing Technologies, Inc. owns 100% of the outstanding Series H
Preferred Stock (non-voting) of RPM Funding Corporation, a Delaware corporation.
The remaining outstanding shares of RPM Funding Corporation are held as follows:
100% of the outstanding voting Common Stock by RPM International Inc.; 100% of
the outstanding Series A Preferred Stock (non-voting) by Republic Powdered
Metals, Inc.; 100% of the outstanding Series B Preferred Stock (non-voting) by
DAP Products Inc.; 100% of the outstanding Series C Preferred Stock (non-voting)
by The Euclid Chemical Company; 100% of the outstanding Series D Preferred Stock
(non-voting) by Republic Powdered Metals, Inc.; 100% of the outstanding Series E
Preferred Stock (non-voting) by Rust-Oleum Corporation; 100% of the outstanding
Series F Preferred Stock (non-voting) by The Testor Corporation; 100% of the
outstanding Series G Preferred Stock (non-voting) by Tremco Incorporated; and
100% of the Series I Preferred Stock (non-voting) by Zinsser Co., Inc.

Weatherproofing Technologies, Inc. owns .0025% of the outstanding shares of
Toxement S.A., a Colombian corporation. Of the remaining outstanding shares of
Toxement S.A., Grandcourt N.V. owns 50.99%, The Euclid Chemical Company owns 49%
and Euclid Chemical International Sales Corp., Redwood Transport, Inc. and
Tremco Incorporated each own .0025%.