ADOBE SYSTEMS INCORPORATED
EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT

SUBSIDIARY LEGAL NAME JURISDICTION OF INCORPORATION
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The Americas:
Adobe Systems FSC, Inc. Territory of Guam
Frame International, Inc. Delaware
Sandcastle, Inc. California

Europe:
Adobe Systems Europe Ltd. United Kingdom
Adobe Systems Direct Ltd. United Kingdom
Adobe Systems Nordic AB Sweden
Adobe Systems Benelux BV The Netherlands
Adobe Systems GmbH Federal Republic of Germany
Adobe Systems Software AG Switzerland
Adobe Systems France EURL France
Adobe Systems Italia SRL Italy
Adobe Systems Informatica Spain
Adobe Systems Norge AS Norway
Adobe Systems Danmark AS Denmark
Adobe Systems U.K., Ltd. United Kingdom
Frame Technology International Limited Ireland

Japan:
Adobe Systems Company Ltd. Japan
Adobe Systems Japan, Inc. California

Asia Pacific and Latin America:
Adobe Systems Pty. Ltd. Australia
Adobe Systems India Pvt. Ltd. India
Adobe Systems Korea Ltd. Korea
Adobe Systems Pte. Pty. Singapore
Adobe Systems Brasil Limitada Brazil

All subsidiaries of the registrant are wholly owned, directly or indirectly,
and do business under their legal names.