. . . EXHIBIT 21 SMARTDISK CORPORATION SUBSIDIARIES OF THE REGISTRANT (AS OF FEBRUARY 15, 2003) STATE OR JURISDICTION OF PERCENTAGE OF SUBSIDIARY INCORPORATION OWNERSHIP - ---------- ------------------------ ------------- SmartDisk Holding GmbH Switzerland 100% SmartDisk Switzerland GmbH Switzerland 100% SmartDisk (Cayman) Ltd. Cayman Islands 100% SmartDisk International, L.L.C. Delaware 100% SmartDisk Personnel Storage Systems Corporation Delaware 100% SmartDiskette Limited United Kingdom 100% SmartDiskette GmbH Germany 100% SmartDisk Limited United Kingdom 100%