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EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
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REGISTRANT
JURISDICTION OF OWNED BY
INCORPORATION PERCENTAGE
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<S> <C> <C>
Vira-Tech, Inc.(1).......................................... Florida 100%
Viragen Technology, Inc.(2)................................. Florida 100%
Viragen Reagents, Inc.(3)................................... Florida 100%
Florida Capital Enterprise Corp.(4)......................... Florida 100%
Viragen U.S.A., Inc.(5)..................................... Delaware 94%
Viragen (Europe) Ltd.(6).................................... Delaware 89%
Viragen (Scotland) Ltd.(7).................................. Scotland(UK) 89%
Viragen (Germany) GmbH(8)................................... Germany 89%
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(1) Incorporated January 12, 1981
(2) Incorporated January 13, 1995
(3) Incorporated July 14, 1997
(4) Incorporated November 20, 1998
(5) Incorporated April 4, 1996
(6) Acquired December 8, 1995
(7) Incorporated January 17, 1995; 100% owned by Viragen (Europe) Ltd.
(8) Acquired November 14, 1997; 100% owned by Viragen (Europe) Ltd.
