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SHAREHOLDINGS OF ADIDAS AG, HERZOGENAURACH
as of December 31, 2007

Company and Domicile
Currency Equity
(currency units in thousands)
 Share in capital
held by8)
in %
     
   
31 adidas Sverige AB Stockholm (Sweden)
SEK 75,511
directly
100
32 adidas Suomi Oy Helsinki (Finland) EUR
2,938
12
100
33 adidas Danmark A/S
Them (Denmark) DKK 12,960
12
100
34 adidas CR s.r.o. Prague
(Czech Republic)
CZK
9,900
directly
100
35 adidas Budapest Kft.
Budapest (Hungary) HUF
1,030,237
directly
85
36 adidas Bulgaria EAD   Sofia (Bulgaria)
BGN
9,815
directly
100
37 adidas Ltd.
Moscow (Russia) USD 233,331
9
100
38 adidas Poland Sp.
z o. o.
Warsaw (Poland) PLN 68,603
directly
100
39
adidas Romania S.R.L.
Bukarest (Romania)
RON
19,125
12
100
40 adidas Baltics SIA
Riga (Latvia) EUR
936
12
100
41 adidas Slovakia s.r.o.
Bratislava (Slovak Republic) SKK 198,744
directly
100
42 adidas Trgovina d.o.o. Ljubljana (Slovenia) EUR
1,015
directly
100
43 SC adidas Ukraine
Kiev (Ukraine)
USD 45,057
directly
100
44 adidas Hellas A.E.
Thessaloniki (Greece) EUR
5,192
directly
72.5
45 adidas Spor Malzemeleri Satis ve Pazarlama A.S.
Istanbul (Turkey)
TRY
89,591
12
100
46 a-RET Tekstil ve Deri Ürünleri Tic. A.S. Istanbul (Turkey)
TRY 4,916
13
100
47 adidas Emerging Market L.L.C.  Dubai (United Arab Emirates) 
USD 43,890
indirectly
11
51
49
 48 adidas Emerging Markets FZE Dubai (United Arab Emirates)  USD 272
12
 100
49 adidas Imports & Exports Ltd. Cairo (Egypt) USD 5,862
51
100
 50 adidas Sporting Goods Ltd.  Cairo (Egypt)  USD 13,224
12
13
 90
10
 51 adidas Egypt Ltd.7)  Cairo (Egypt)  USD (1,832)
directly
 100
52 adidas Israel Ltd.
Tel Aviv (Israel) ILS 1,916
directly
100
53 adidas (South Africa) (Pty) Ltd.
Cape Town (South Africa)
ZAR
132,067
directly
100
54 adidas (Cyprus) Limited Nicosia (Cyprus)
CYP 1,543
directly
100
55 Rockport (Europe) B.V.
Rotterdam (Netherlands) USD 5,533
98
100
56 Reebok Finance Limited7)12) Bolton (Great Britain) GBP
97
100
57 Reebok International Limited12) Bolton (Great Britain) GBP
679,247
97
12
34.9
65.1
58 Reebok Spain S.A.
Alicante (Spain)
EUR
37,634
97
75
59 American Sports & Leisure (cz) s.r.o. Prague (Czech Republic)
CZK
7,332
97
100
60 Reebok (Poland) S.A.
Warsaw (Poland) PLN 66,466
97
100
61 RBK Holdings Limited12) Bolton (Great Britain) GBP

117
97
11
89

  1) Sub-group adidas UK
  2) Sub-group Reebok International Ltd.
  3) Sub-group adidas Sourcing
  4) Sub-group India
  5) Sub-group Mexico, adidas
  6) Sub-group Mexico, Reebok
  7) Companies with no active business
  8) The number refers to the number of the company.
  9) Sub-group Onfield
10) Sub-group Reebok-CCM Hockey, Inc. (formerly: The Hockey Company)
11) Sub-group Sports Holdings Corporation
12) Sub-group Reebok International Limited
13) Profit and loss transfer agreement



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