SCHEDULE
OF COMPANIES SUBSIDIARIES
| Controlled entity | |
Country of Incorporation | |
Percentage
Owned December 31,
2024 | | |
Percentage
Owned December 31,
2023 | |
| Security Matters (SMX) PLC | |
| |
| | % | |
| | % |
Security Matters PTY Ltd.
(Formerly - Security Matters Limited) | |
Australia | |
| 100 | % | |
| 100 | % |
| Lionheart III Corp | |
USA | |
| 100 | % | |
| 100 | % |
| SMX (Security Matters) Ireland Limited | |
Ireland | |
| 100 | % | |
| 100 | % |
| SMX Fashion and Luxury | |
France | |
| 100 | % | |
| 100 | % |
TrueSilver SMX Platform Ltd.
| |
Canada | |
| 100 | % | |
| 100 | % |
SMX (Security Matters) Israel Ltd.
(Formerly - Security Matters Ltd.) | |
Israel | |
| 100 | % | |
| 100 | % |
| Security Matters Canada Ltd. | |
Canada | |
| 100 | % | |
| 100 | % |
| SMX Beverages Pty Ltd. | |
Australia | |
| 100 | % | |
| 100 | % |
| SMX Circular Economy Platform PTE, Ltd. | |
Singapore | |
| 70 | % | |
| 100 | % |
| True Gold Consortium Pty Ltd. | |
Australia | |
| 52.9 | %* | |
| 51.9 | %* |
| SMX Circular Economy FZCO ** | |
UAE | |
| - | | |
| - | |
In addition, the Company’s has the following
investments in associated company:
| Entity | |
Country of Incorporation | |
Percentage Owned December 31,
2024 | | |
Percentage Owned December 31,
2023 | |
| Yahaloma Technologies Inc. | |
Canada | |
| 50 | % | |
| 50 | % |
The proportion of ownership interest is equal to the
proportion of voting power held.
| * | Owned
by Security Matters PTY Ltd. (formerly - Security Matters Limited). In July 2024, ownership in the subsidiary increased from 51.9%
to 52.9%.
See also note 3. |
| ** | On March 26, 2025, subsequent balance sheet date, the Company established a fully owned entity
incorporated in Dubai Multi Commodities Centre Authority, United Arab Emirates. See also note 28. |
|