Shareholdings

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 %

1	GEV Grundstücksgesellschaft Herzogenaurach mbH & Co. KG	Herzogenaurach (Germany)	EUR	896	directly	90
2	GEV Grundstücks-Beteiligungsgesellschaft Herzogenaurach mbH	Herzogenaurach (Germany)	EUR	29	directly	100
3	adidas Versicherungs-Vermittlungs GmbH¹³⁾	Herzogenaurach (Germany)	EUR	26	directly	100
4	adidas Beteiligungsgesellschaft mbH¹³⁾	Herzogenaurach (Germany)	EUR	354,103	directly	100
5	Immobilieninvest und Betriebsgesellschaft Herzo-Base Verwaltungs GmbH	Herzogenaurach (Germany)	EUR	27	directly	100
6	Immobilieninvest und Betriebsgesellschaft Herzo-Base GmbH & Co. KG	Herzogenaurach (Germany)	EUR	2,661	directly	100

Europe (incl. Africa and Middle East)
7	adidas sport gmbh	Cham (Switzerland)	CHF	25,570	directly	100
8	Sarragan AG	Cham (Switzerland)	CHF	2,123	directly	100
9	adidas Austria GmbH	Klagenfurt (Austria)	EUR	17,971	7 directly	4.11 95.89
10	adidas Holding S.A.	Metz-Tessy (France)	EUR	323,851	57	100
11	adidas France S.a.r.l.	Landersheim (France)	EUR	71,538	10	100
12	adidas International B.V.	Amsterdam (Netherlands)	EUR	3,704,240	11 directly	6.03 93.97
13	adidas International Trading B.V.	Amsterdam (Netherlands)	EUR	653,554	12	100
14	adidas International Marketing B.V.	Amsterdam (Netherlands)	EUR	176,590	12	100
15	adidas International Finance B.V.	Amsterdam (Netherlands)	EUR	4,996	12	100
16	adidas Benelux B.V.	Amsterdam (Netherlands)	EUR	11,637	directly	100
17	adidas Belgium N.V.	Brussels (Belgium)	EUR	9,215	16	100
18	adidas (UK) Ltd.¹⁾	Stockport (Great Britain)	GBP	18,315	57	100
19	adidas (ILKLEY) Ltd.¹⁾⁷⁾	Stockport (Great Britain)	GBP	—	18	100
20	Larasport (U.K.) Ltd.¹⁾⁷⁾	Stockport (Great Britain)	GBP	—	18	100
21	Sarragan (U.K.) Ltd.¹⁾⁷⁾	Stockport (Great Britain)	GBP	—	18	100
22	adidas Trefoil Trading (U.K.) Ltd.¹⁾⁷⁾	Stockport (Great Britain)	GBP	—	21	100
23	Three Stripes Ltd.¹⁾⁷⁾	Stockport (Great Britain)	GBP	—	19 18	50 50
24	Taylor Made Golf Ltd.	Basingstoke (Great Britain)	GBP	(4,856)	12	100
25	adidas (Ireland) Ltd.	Dublin (Ireland)	EUR	14,397	12	100
26	adidas International Re Ltd.	Dublin (Ireland)	EUR	6,874	12	100
27	adidas Espana S.A.	Zaragoza (Spain)	EUR	38,870	4	100
28	adidas Italy S.p.A	Monza (Italy)	EUR	88,979	12	100
29	adidas Portugal S.A.	Lisbon (Portugal)	EUR	1,449	12	100
30	adidas Norge AS	Lillestrom (Norway)	NOK	58,545	directly	100

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

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

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 %

62	Reebok International Finance B.V.	Rotterdam (Netherlands)	USD	1,278	97	100
63	Reebok Sports Limited	Bolton (Great Britain)	USD	42,638	57	100
64	J.W. Foster & Sons (Athletic Shoes) Limited⁷⁾¹²⁾	Bolton (Great Britain)	GBP	—	57	100
65	The Rockport Company Limited⁷⁾¹²⁾	Bolton (Great Britain)	GBP	—	57	100
66	Reebok Eastern Trading Limited⁷⁾	Bolton (Great Britain)	USD	3,112	57	100
67	Reebok Pensions Management Limited¹²⁾	Bolton (Great Britain)	GBP	—	57	100
68	Reebok Europe Holdings	Bolton (Great Britain)	GBP	52,658	57	100
69	Reebok Austria GmbH	Bergheim (Austria)	EUR	6,724	68 63	99 1
70	ASL American Sports and Leisure Vertriebs GmbH	Bergheim (Austria)	EUR	996	69	100
71	Reebok Italia Srl	Monza (Italy)	EUR	6,996	28	100
72	Reebok Europe B.V.	Rotterdam (Netherlands)	EUR	15,403	68	100
73	Reebok Nederland (Retail) B.V.	Leusden (Netherlands)	EUR	(1,100)	72	100
74	Reebok Ireland Limited	Dublin (Ireland)	EUR	8,091	25	100
75	Reebok France S.A.	Buc (France)	EUR	7,960	68	100
76	Reebok France Retail SARL	Buc (France)	EUR	206	75	100
77	Reebok Belgium SA	Brussels (Belgium)	EUR	3,302	68	100
78	Reebok Deutschland GmbH	Herzogenaurach (Germany)	EUR	19,854	97 68	25 75
79	ASL American Sports and Leisure Vertriebs GmbH	Herzogenaurach (Germany)	EUR	1,933	78	100
80	Reebok Portugal SA	Povoa de Santo Adriao (Portugal)	EUR	22,212	68	100
81	Reebok-CCM Hockey GmbH (formerly: Sport Maska GmbH)	Heimstetten/Kirchheim (Germany)	EUR	2,596	103	100
82	Nordic Hockey Company AB¹¹⁾	Malung (Sweden)	SEK	—	104	100
83	Reebok Jofa AB	Malung (Sweden)	SEK	138,403	82	100
84	Reebok Jofa AS	Fredrikstad (Norway)	NOK	2,803	82	100
85	Reebok Finland OY	Forssa (Finland)	EUR	20,491	82	100
86	adidas LLP	Almaty (Republic of Kazakhstan)	USD	1,532	directly	100

North America
87	adidas North America, Inc.	Portland, Oregon (USA)	USD	4,274,150	12	100
88	adidas America, Inc.	Portland, Oregon (USA)	USD	33,947	87	100
89	adidas Promotional Retail Operations, Inc.	Portland, Oregon (USA)	USD	24,615	87	100
90	adidas Sales, Inc.	Portland, Oregon (USA)	USD	82,894	87	100
91	adidas Village Corporation	Portland, Oregon (USA)	USD	12,979	87	100
92	adidas Interactive, Inc.	Portland, Oregon (USA)	USD	15,653	87	100

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 %

93	adidas International, Inc.	Portland, Oregon (USA)	USD	30,101	87	100
94	adidas Team, Inc.	Portland, Oregon (USA)	USD	155	87	100
95	Taylor Made Golf Co., Inc.	Carlsbad, California (USA)	USD	43,184	87	100
96	adidas Canada Ltd.	Concord, Ontario (Canada)	CAD	54,640	directly	100
97	Reebok International Ltd.²⁾	Canton, Massachusetts (USA)	USD	(876,049)	87	100
98	The Rockport Company, LLC	Delaware (USA)	USD	236,099	97	100
99	RC Investments Ltd.	Aurora (Canada)	CAD	2,160	97	100
100	Reebok Canada Inc.	Montreal (Canada)	CAD	45,109	97	100
101	The Reebok Worldwide Trading Company, LLC	Canton, Massachusetts (USA)	USD	10,223	97	100
102	Reebok-CCM Hockey, Inc. (formerly: The Hockey Company)¹⁰⁾	Delaware (USA)	USD	152,645	97	100
103	Sports Holdings Corp.¹¹⁾	Delaware (USA)	USD	(18,333)	102	100
104	WAP Holdings Inc.¹¹⁾	Delaware (USA)	USD	—	103	100
105	Reebok-CCM Hockey U.S., Inc. (formerly: Maska US, Inc.)	Vermont (USA)	USD	10,475	103 102	36 64
106	Sport Maska Inc.	New Brunswick (Canada)	CAD	66,407	102	100
107	SLM Trademark Acquisition Corp.⁷⁾¹⁰⁾	Delaware (USA)	USD	—	102	100
108	SLM Trademark Acquisition Canada Corporation⁷⁾¹⁰⁾	New Brunswick (Canada)	CAD	—	107	100
109	CCM Holdings (1983) Inc.¹⁰⁾	Montreal (Canada)	CAD	—	108	100
110	Consumer Infomarketing, Inc.⁷⁾¹⁰⁾	Delaware (USA)	USD	—	102	100
111	Smedley Industries, Inc.⁷⁾¹⁰⁾	Delaware (USA)	USD	—	102	100
112	Toy Factory, Inc.⁷⁾¹⁰⁾	New Jersey (USA)	USD	—	111	100
113	Reebok Aviation, LLC⁷⁾	Delaware (USA)	USD	13,183	97	100
114	Reebok CHC, Inc.²⁾⁷⁾	Massachusetts (USA)	USD	—	97	100
115	RFC Inc.⁷⁾	New York (USA)	USD	18	97	100
116	Reebok International Securities Corp.²⁾⁷⁾	Massachusetts (USA)	USD	—	97	100
117	Reebok Securities Holdings LLC²⁾	Massachusetts (USA)	USD	—	97	100
118	Sports Licensed Division of the adidas Group, LLC (formerly: Group Athletica LLC)	Delaware (USA)	USD	103,256	117 97	1 99
119	Onfield Apparel Group, LLC⁹⁾	Delaware (USA)	USD	—	120 97	1 99
120	Reebok Onfield LLC⁹⁾	Delaware (USA)	USD	—	97	100
121	RBK Thailand Inc.²⁾	Canton (USA)	THB	394	97	100

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 %

Asia
122	adidas Sourcing Ltd.³⁾	Hong Kong (China)	USD	82,741	13	100
123	adidas Services Limited	Hong Kong (China)	USD	3,724	12	100
124	adidas Hong Kong Ltd.	Hong Kong (China)	HKD	184,224	directly	100
125	adidas (Suzhou) Co. Ltd.	Suzhou (China)	CNY	988,045	4	100
126	adidas Sports (China) Limited	Suzhou (China)	CNY	626,442	4	100
127	adidas (China) Ltd.	Shanghai (China)	CNY	120,164	12	100
128	adidas Japan K.K.	Tokyo (Japan)	JPY	21,157,274	57	100
129	Taylor Made Golf Co., Ltd.	Tokyo (Japan)	JPY	7,455,867	57	100
130	adidas Korea Ltd.	Seoul (Korea)	KRW	46,533,000	directly	100
131	adidas Korea Technical Services Ltd.³⁾	Pusan (Korea)	KRW	—	122	100
132	Taylor Made Korea Ltd.	Seoul (Korea)	KRW	19,745,438	directly	100
133	adidas India Private Ltd.⁴⁾	New Delhi (India)	INR	(549,678)	directly 12	99 1
134	adidas India Marketing Private Ltd.⁴⁾	New Delhi (India)	INR	—	133 12	91.4 8.6
135	P.T. adidas Indonesia	Jakarta (Indonesia)	IDR	4,669,594	directly 12	1 99
136	adidas (Malaysia) Sdn. Bhd.	Kuala Lumpur (Malaysia)	MYR	24,065	12 directly	40 60
137	adidas Philippines Inc.	Manila (Philippines)	PHP	136,566	directly	100
138	adidas Singapore Pte. Ltd.	(Singapore)	SGD	18,443	directly	100
139	adidas Taiwan Limited	Taipei (Taiwan)	TWD	315,505	12	100
140	adidas Holding (Thailand) Co. Ltd.	Bangkok (Thailand)	THB	20,653	indirectly directly	51 49
141	adidas (Thailand) Co. Ltd.	Bangkok (Thailand)	THB	548,746	140 directly	50 50
142	adidas Australia Pty. Ltd.	Mulgrave (Australia)	AUD	23,424	12	100
143	adidas New Zealand Ltd.	Auckland (New Zealand)	NZD	6,939	directly	100
144	adidas Technical Services Private Limited	New Dehli (India)	USD	93	122	100
145	Reebok Korea Ltd.	Seoul (Korea)	KRW	19,361,157	57	100
146	Reebok Japan Inc.	Tokyo (Japan)	JPY	(668,993)	57	100
147	RIL Shanghai Ltd.	Shanghai (China)	CNY	21,953	57	100
148	Reebok India Company	New Dehli (India)	INR	629,546	156	93.15
149	Smedley (H.K.) Ltd.⁷⁾¹⁰⁾	Hong Kong (China)	HKD	—	111	100

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 %

150	Reebok Trading (Far East) Ltd.	Hong Kong (China)	USD	54,649	97	100
151	RIL Securities Ltd.	Hong Kong (China)	USD	1,000	150	100
152	Reebok (China) Services Limited	Hong Kong (China)	USD	7,566	150	100
153	Zhuhai adidas Technical Services Ltd. (formerly: Zhuhai Reebok Sporting Products Design Consultancy Ltd.)	Zhuhai (China)	USD	1,016	122	100
154	RIL Taiwan Services Ltd.	Hong Kong (China)	USD	1,366	150	100
155	RIL Indonesia Services Limited	Hong Kong (China)	USD	1,917	150	100
156	Reebok (Mauritius) Company Limited	(Mauritius)	USD	2,220	101 97	1 99

Latin America
157	adidas Argentina S.A.	Buenos Aires (Argentina)	ARS	133,264	4 12	5 95
158	adidas do Brasil Ltda.	Sao Paulo (Brazil)	BRL	196,209	4	100
159	ASPA do Brasil Ltda.³⁾	Sao Paulo (Brazil)	BRL	—	122	100
160	adidas Chile Ltda.	Santiago de Chile (Chile)	CLP	21,864,045	3 directly	1 99
161	adidas Colombia Ltda.	Cali (Colombia)	COP	28,844,694	directly	100
162	adidas de Mexico S.A. de C.V.⁵⁾	Mexico City (Mexico)	MXN	160,656	directly	100
163	adidas Industrial S.A. de C.V.⁵⁾	Mexico City (Mexico)	MXN	—	directly	100
164	adidas Latin America S.A.	Panama City (Panama)	USD	(3,773)	directly	100
165	Concept Sport S.A.	Panama City (Panama)	USD	109	12	100
166	3 Stripes S.A. (adidas Uruguay)⁷⁾	Montevideo (Uruguay)	UYU	(436)	directly	100
167	adidas Corporation de Venezuela, S.A.⁷⁾	Caracas (Venezuela)	VEB	(17,344)	directly	100
168	Rockport do Brasil Ltda.⁷⁾	Bairro Centro (Brazil)	USD	—	98	100
169	Reebok de Mexico, S.A. de C.V.⁶⁾	Neucalpan de Juarez (Mexico)	MXN	178,255	97	100
170	Amserv, S.A. de C.V.⁶⁾	Neucalpan de Juarez (Mexico)	MXN	—	169	100
171	Vector Servicios, S.A. de C.V.⁶⁾	Neucalpan de Juarez (Mexico)	MXN	—	169	100