<PAGE>
STANDARD COMMERCIAL CORPORATION Exhibit 21
SUBSIDIARIES AND AFFILIATES at March 31, 2000
State or Country
Name of Company of Organization
--------------- ---------------
Standard Commercial Corporation North Carolina
Standard Commercial Tobacco Co. Inc. North Carolina
W. A. Adams Company North Carolina
Transcatab SpA Italy
Exportadora de Tobaco de Honduras S.A. de C.V. Honduras
Carolina Trading Corporation North Carolina
CRES Tobacco Company Inc North Carolina
CRES Neva Co. Ltd. Russia
Cres Trading Russia
Jas. I. Miller Tobacco Co. Ltd. Jamaica
Standard Commercial Services Inc. North Carolina
Stancom Tanzania (Jersey) Ltd Jersey
Stancom Tobacco Services Ltd. Tanzania
Tanzanian Tobacco Processors Inc. Tanzania
Spierer Freres & Cie S.A. Switzerland
Exelka S.A. Greece
Spierer Tutun Ihracat Sanayi Ticaret A.S. Turkey
Standard Commercial Tobacco Company of Canada Ltd. Canada
British Leaf Tobacco Company of Canada Ltd. Canada
Standard Commercial Tobacco Company (UK) Ltd. United Kingdom
Andrew Chalmers (India) Ltd. United Kingdom
N.G. Fleming Ltd. United Kingdom
Saloman Bros. Tobacco Company Ltd. United Kingdom
Leoni & Dent Ltd. United Kingdom
P.L. Leverson Ltd. United Kingdom
Siemssen Threshie (Malawi) Ltd. Malawi
Stancom Tobacco Company (Malawi) Ltd. Malawi
Tobacco Processors (Lilongwe) Ltd. Malawi
Trans-Continental Tobacco India Pvt Ltd India
Standard Commercial Tobacco Co. (Overseas) Ltd. United Kingdom
Stancom Zambia (Pvt) Ltd Zambia
Standard Commercial Tobacco Services (UK) Ltd. United Kingdom
<PAGE>
STANDARD COMMERCIAL CORPORATION Exhibit 21
SUBSIDIARIES AND AFFILIATES at March 31, 2000
State or Country
Name of Company of Organization
--------------- ---------------
Standard Commercial Corporation (continued) North Carolina
Standard Commercial Tobacco Co. Inc. (continued) North Carolina
Trans-Continental Leaf Tobacco Corporation Leichtenstein
AOZT Transcontinental Leaf Tobacco Corporation Russia
Eryka Mediterranee S.A.R.L. Greece
Esaltab (Zimbabwe) (Pvt.) Ltd Zimbabwe
Siam Tobacco Export Corporation Ltd. Thailand
Stancom Tobacco (Private) Ltd Zimbabwe
Combined Tobacco Buyers (Private) Ltd Zimbabwe
Tobacco Development Company of Africa (Private) Ltd Zimbabwe
Tobacco Processors (Zimbabwe) (Private) Ltd Zimbabwe
Adams International Ltd. Thailand
Meridional deTabacos Ltda Brazil
Standard Brazil Ltd Jersey
Trans-Continental Participacoes e Empreendimentos Ltda. Brazil
Transhellenic Tobacco S.A. Greece
World Wide Tobacco Espana S.A. Spain
Werkhof GmbH Germany
Bela Duty Free Import-Export GmbH Germany
Standard Wool Inc. Delaware
Advhus Gestion Societe Civile France
Standard Wool France S.A. France
Peignage de la Tossee S.A. France
Standard Wool Deutschland GmbH Germany
Lanimex Trading GmbH Germany
Prolaine Wollhandels GmbH Germany
Lohmann & Company Wollhandel GmbH Germany
Standard Wool South Africa (Pty.) Ltd South Africa
Standard Wool Australia (Pty.) Ltd. Australia
Hulme Wool Scouring Co. (1938) Pty. Ltd. Australia
Standard Wool Farming (Pty.) Ltd. Australia
Mascot Wools (Pty.) Ltd. Australia
S H Allen & Sons (Pty.) Ltd. Australia
Stawool Brokers (Pty.) Ltd. Australia
Independent Wool Dumpers (Pty.) Ltd. Australia
Jandakot Wool Washing Company (Pty.) Ltd. Australia
Standard Wool Holdings S.A. Argentina
Roca SACIF Argentina
Standard Wool Argentina Argentina
Pole Fueguina S.A. Argentina
Standard Wool (NZ) Limited New Zealand
De Spa & Co. Ltd. New Zealand
Ferrier Woolscours (Canterbury) Ltd. New Zealand
<PAGE>
Standard Wool (UK) Ltd. United Kingdom
Jacomb Hoare (Bradford) Ltd. United Kingdom
Thomas Chadwick & Sons Ltd. United Kingdom
Standard Wool (Chile) S.A. Chile
Tentler & Co. B.V. Netherlands
