Exhibit 21

EXHIBIT 1

SUBSIDIARIES OF BALL CORPORATION (Public Reporting) (1)

December 31, 2023 (to be substituted)

The following is a list of subsidiaries of Ball Corporation (an Indiana Corporation)

Name

State or Country of Incorporation or Organization

Percentage (2) Ownership

Direct & Indirect

American Can (UK) Limited

England

100%

American Can Holdings (UK) Limited

England

100%

Archer Insurance Limited

Guernsey

100%

Assetsteady Limited

England

100%

AUK Holding Ltd.

United Kingdom

100%

Ball (France) Holdings S.A.S.

France

100%

Ball Advanced Aluminum Technologies Corp. (f/k/a Neuman USA Ltd.)

Delaware

100%

Ball Advanced Aluminum Technologies Holding Canada Inc. (f/k/a Neuman Holding Canada Inc.)

New Brunswick

100%

Ball Aerocan Operations S.a.r.l. (f/k/a Mendoza Investments S.a.r.l.; Name Change on 09/06/13)

Luxembourg

100%

Ball Aerosol Packaging Brasil Ltda.

Brazil

100%

Ball Aerosol Packaging CZ s.r.o. (f/k/a Ball Aerocan CZ s.r.o.)

Czech Republic

100%

Ball Aerosol Packaging Europe S.A.S. (f/k/a Ball Aerocan Europe S.A.S)

France

100%

Ball Aerosol Packaging France S.A.S (f/k/a Ball Aerocan France S.A.S.)

France

100%

Ball Aerosol Packaging India Private Limited (f/k/a Ball Aerocan India Private Limited)

India

100%

Ball Aerosol Packaging Mexico S.A. de C.V. (f/k/a Ball Aerocan Mexico S.A. de C.V.)

Mexico

100%

Ball Aerosol Packaging UK Limited (f/k/a Ball Aerocan UK Limited)

United Kingdom

100%

Ball Aerospace & Technologies Corp.

Delaware

100%

Ball Americas Holdings B.V.

The Netherlands

100%

Ball Asia Pacific (Yangon) Metal Container Limited

Myanmar

100%

Ball Asia Pacific Limited

Hong Kong

100%

Ball Asia Services Limited

Delaware

100%

Ball Beverage Can Americas Inc. (f/k/a Rexam Beverage Can Americas Inc.)

Delaware

100%

Ball Beverage Can Americas SA de CV

Mexico

100%

Ball Beverage Can South America Ltda. (f/k/a Rexam Beverage Can South America SA)

Brazil

100%

Ball Beverage Packaging (India) Private Limited (f/k/a Rexam Beverage Can (India) Private Limited)

India

100%

Ball Beverage Packaging Czech Republic sro (f/k/a Rexam Beverage Can Czech Republic sro)

Czech Republic

100%

Ball Beverage Packaging Egypt SAE

Egypt

100%

Ball Beverage Packaging Europe Limited (f/k/a Rexam Beverage Can Europe Limited)

England

100%

Ball Beverage Packaging Fosie AB (f/k/a Rexam Beverage Can Fosie AB)

Sweden

100%

Ball Beverage Packaging France SAS (f/k/a Rexam Beverage Can France SAS)

France

100%

Ball Beverage Packaging Fredericia A/S (f/k/a Rexam Beverage Can Fredericia A/S)

Denmark

100%

Ball Beverage Packaging Gelsenkirchen GmbH (f/k/a Rexam Beverage Can Gelsenkirchen GmbH)

Germany

100%

Ball Beverage Packaging Holding GmbH

Austria

100%

Ball Beverage Packaging Holdings UK Limited (f/k/a Rexam Beverage Can Holdings UK Limited)

England

100%

Ball Beverage Packaging Iberica SL (f/k/a Rexam Beverage Can Iberica SL)

Spain

100%

Ball Beverage Packaging Ireland Limited (f/k/a Rexam Beverage Can Ireland Limited)

Ireland

100%

Ball Beverage Packaging Italia SRL (f/k/a Rexam Beverage Can Italia SRL)

Italy

100%

Ball Beverage Packaging Ludesch GmbH (f/k/a Rexam Beverage Can Enzesfeld GmbH)

Austria

100%

Ball Beverage Packaging Mäntsälä Oy (f/k/a Rexam Beverage Can Mäntsälä Oy)

Finland

100%

Ball Beverage Packaging Oss BV (f/k/a Rexam Beverage Can Oss BV)

Netherlands

100%

Ball Beverage Packaging Recklinghausen GmbH (f/k/a Rexam Beverage Can Recklinghausen GmbH)

Germany

100%

Ball Beverage Packaging UK Limited (f/k/a Rexam Beverage Can UK Limited)

England

100%

Ball Beverage Packaging Widnau GmbH (f/k/a Rexam Beverage Can Widnau GmbH)

Switzerland

100%

Ball Beverage Turkey Paketleme Sanayi ve Ticaret (f/k/a Rexam Paketleme Sanayi ve Ticaret AŞ)

Turkey

100%

Ball BP Holding Company (f/k/a Rexam BP Holding Company)

Delaware

100%

Ball Canada Container Corp.

Nova Scotia

100%

Ball Chile S.A. (f/k/a Rexam Chile S.A.)

Chile

100%

1


Ball Company

United Kingdom

100%

Ball Container LLC

Delaware

100%

Ball Corporation

Indiana

100%

Ball Corporation (Nevada)

Nevada

100%

Ball Delaware Corporation (f/k/a Rexam Delaware Corporation)

Delaware

100%

Ball Delaware International Holdings Corp.

Delaware

100%

Ball do Brasil Ltda (f/k/a Rexam do Brasil Ltda)

Brazil

100%

Ball Embalagens Ltda.

Brazil

100%

Ball Envases de Aluminio S.A. (f/k/a Rexam Argentina S.A.)

Argentina

100%

Ball Envases Peru S.A.C.

Peru

100%

Ball Europe Limited

United Kingdom

100%

Ball European Holdings LLC.

Delaware

100%

Ball Foundation – not for profit

Colorado

100%

Ball Glass Containers, Inc.

Delaware

100%

Ball Global Business Services Corp.

Delaware

100%

Ball Global Business Services Europe and AMEA d.o.o. Beograd-Novi Beograd

Serbia

100%

Ball Global Services Americas S. de R.L. de C.V.

Mexico

100%

Ball Holdings LLC

Delaware

100%

Ball Holding LP

Scotland

100%

Ball Inc. (f/k/a Rexam Inc.)

Delaware

100%

Ball Industria e Comercio de Latas e Tampas Ltda (f/k/a Rexam Industria e Comercio de Latas e Tampas Ltda

Brazil

100%

Ball International Holdings II, LLC

Delaware

100%

Ball International Holdings LLC

Delaware

100%

Ball Luxembourg I S.a.r.l.

Luxembourg

100%

Ball Metal Beverage Container Corp.

Colorado

100%

Ball Metal Beverage Mexico Holdings B.V. (f/k/a Ball Saudi Arabia Holdings B.V.)

The Netherlands

100%

Ball Metal Beverage Mexico S. de R.L. de C.V. (f/k/a Ball Mexico Holdings Corp S del RL de C.V.)

Mexico

100%

Ball Metal Container Corporation

Indiana

100%

Ball Nacanco Netherlands BV

Netherlands

100%

Ball North America Investment Holdings LLC

Delaware

100%

Ball North America Investments LLC

Delaware

100%

Ball North America Operations LLC

Delaware

100%

Ball Packaging Europe Belgrade d.o.o.

Serbia

100%

Ball Packaging Europe France S.A.S. (f/k/a Ball Packaging Europe La Ciotat S.A.S. merged into Ball Packaging Europe Bierne S.A.S. on 7/31/12 thereafter name change to Ball Packaging Europe France S.A.S.)

France

100%

Ball Packaging Europe Holding B.V. (f/k/a Ball (The Netherlands) Holdings, B.V.)

The Netherlands

100%

Ball Packaging Europe Lublin Sp. z o.o.

Poland

100%

Ball Packaging Europe Metall GmbH (f/k/a Ball Packaging Europe Vorrats GmbH)

Germany

100%

Ball Packaging Products Canada Corp.

Nova Scotia

100%

Ball Packaging, LLC (f/k/a Ball Packaging Corp., f/k/a Ball Packaging Holdings Corp.)

Colorado

100%

Ball Pan-European Holdings, LLC (f/k/a Ball Pan-European Holdings, Inc.)

Delaware

100%

Ball Paraguay Sociedad Anomia

Paraguay

100%

Ball Pension Holdings GmbH

Germany

100%

Ball Southeast Asia Holdings (Singapore) PTE LTD. (f/k/a Sencroft Enterprises Pte Ltd.)

Singapore

100%

Ball Technologies Holdings Corp. (f/k/a Ball Aerospace Systems Group, Inc.)

Colorado

100%

Ball Topaz Environmental Intelligence, LLC

Delaware

100%

Ball Trading France S.A.S. (f/k/a Ball France Operations S.A.S.)

France

100%

Ball Trading Germany GmbH & Co. KG

Germany

100%

Ball UK Acquisition Limited

United Kingdom

100%

Ball UK Holdings Ltd

United Kingdom

100%

Ball UK Investments Limited

United Kingdom

100%

Ball United Arab Can Manufacturing Company - JV

Saudi Arabia

51%

Berkeley Nominees Limited

England

100%

BMB Real Estate Holdings, LLC

Delaware

100%

B-R Secretariat Limited

England

100%

Copal S.A.S. (majority owned by unrelated third party)

France

51%

Cope Allman Holdings Limited

England

100%

Cope Allman Packaging Group Limited

England

100%

Deister Handels & Beteiligungs GmbH

Germany

100%

Heekin Can, Inc.

Colorado

100%

2


John Dunhill & Co Limited

England

100%

KB Järnåldern 3

Sweden

100%

Knightsbridge Trustees Limited

England

100%

Latalog Logistica Ltda.

Brazil

100%

Latas De Aluminio Ball, Inc.

Delaware

100%

McCorquodale & Blades Trust Limited

England

100%

Nacanco Deutschland GmbH

Germany

100%

New Ball International Holdings LLC

Delaware

100%

PLM Septanus AB

Sweden

100%

recan (Fund)

Serbia

100%

Rexam (Jersey) Limited

Jersey

100%

Rexam AB

Sweden

100%

Rexam Beverage Can (India Holdings) Limited

England

100%

Rexam Beverage Can Berlin GmbH

Germany

100%

Rexam Beverage Can Company

Delaware

100%

Rexam Beverage Can Holdings BV

Netherlands

100%

Rexam Beverage Can SAS

France

100%

Rexam Beverage Packaging Holdings Limited

England

100%

Rexam Book Printing Limited

England

100%

Rexam C S Pension Trustees Limited

England

100%

Rexam European Holdings AB

Sweden

100%

Rexam European Holdings Limited

England

100%

Rexam Finance Company Limited

England

100%

Rexam Finance Germany Limited

England

100%

Rexam Finance Sweden Limited

England

100%

Rexam Foundation – not for profit

Delaware

100%

Rexam France SAS

France

100%

Rexam FW Limited

England

100%

Rexam Group Holdings Limited

England

100%

Rexam Holding GmbH

Germany

100%

Rexam Holdings AB

Sweden

100%

Rexam Holdings Germany AB

Sweden

100%

Rexam Jersey 2007 Limited

Jersey

100%

Rexam Limited (f/k/a Rexam PLC)

England

100%

Rexam Nederland Holdings BV

Netherlands

100%

Rexam Overseas Holdings Limited

England

100%

Rexam Pension Trustees Limited

England

100%

Rexam Plastic Containers Limited

England

100%

Rexam Property Developments Limited

England

100%

Rexam Property Holdings Limited

England

100%

Rexam UK Holdings Limited

England

100%

SCI le Marais

France

100%

The Renaissance Insurance Company

Vermont

100%

Topaz Intelligence, LLC

Delaware

100%

Topaz Intelligence Corporation

Delaware

100%

USC May Verpackungen Holding Inc.

Delaware

100%

Wise Champion Investments Limited

Hong Kong

100%

green=Joint Venture/Associates

red=in liquidation

blue=not for profit

(1)

In accordance with Regulation S-K, Item 601(b)(21)(ii), the names of certain subsidiaries have been omitted from the foregoing lists. The unnamed subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as defined in Regulation S-X, Rule 1-02(w).

(2)

Represents the Registrant’s direct and/or indirect ownership in each of the subsidiaries’ voting capital share.

3


The following is a list of affiliates of BALL CORPORATION included in the financial statements under the equity or cost accounting methods:

Boomerang Water, LLC

Delaware

25.4%

Controladora Envases Universales Rexam SA – JV

Guatemala

50%

Envases del Istmo SA – JV

Panama

50%

Envases Universales Ball De Panama SA – JV

Panama

50%

Envases Universales Rexam de Centroamerica SA (trading company) – JV

Guatemala

50%

Lam Soon-Ball Yamamura - JV

Taiwan

8%

Mananalu, LLC

Delaware

49%

Prestadora de Servicios de Dentroamerica SA (employing company) - JV

Guatemala

50%

Rocky Mountain Metal Container, LLC

Colorado

50%

Sekopac d.o.o. (majority owned by unrelated third party)

Serbia

11%

Slopak (majority owned by unrelated third party)

Slovenia

0.77%

Supplying Demand, Inc. d/b/a Liquid Death

Delaware

0.3%

TBC-Ball Beverage Can Holdings Limited

Hong Kong

50%

TBC-Ball Beverage Can Vietnam Limited

Vietnam

50%

Thai Beverage Can Ltd. – JV

Thailand

7%

4