EXHIBIT 8.1

List of Subsidiaries

Name of Subsidiary	Jurisdiction	Ownership Interest
SodaStream Enterprises N.V.	Netherlands Antilles		100	%
SodaStream International B.V.	The Netherlands		100	%
Soda-Club Worldwide B.V.	The Netherlands		100	%
SodaStream GmbH	Germany		100	%
SodaStream Industries Ltd.	Israel		100	%
SodaStream Israel Ltd.	Israel		100	%
SodaStream Österreich GmbH	Austria		100	%
SodaStream Australia PTY Ltd.	Australia		100	%
SodaStream (New Zealand) Ltd.	New Zealand		100	%
SodaStream (SA) (Pty) Ltd.	South Africa		100	%
SodaStream USA, Inc.	Delaware (United States)		100	%
SodaStream Direct LLC	Delaware (United States)		100	%
Soda-Club CO2 Ltd.	British Virgin Islands		100	%
Soda-Club (Europe) Limited	United Kingdom		100	%
Soda-Club Switzerland GmbH	Switzerland		100	%
Soda-Club (CO2) SA	Switzerland		100	%
SodaStream (CO2) SA	Switzerland		100	%
Soda-Club (CO2) Atlantic GmbH (LLC)	Switzerland		100	%
SodaStream (Switzerland) AG	Switzerland		100	%
Soda-Club Worldwide BV Sp. Z.O.O Oddziel w polsce Branch	Poland		100	%
SodaStream Worldwide Trading Company Branch	United Kingdom		100	%
Soda-Club Worldwide BV Holland Filial (Sweden) Branch	Sweden		100	%
SodaStream Nordics AB	Sweden		100	%
Soda-Club Worldwide BV (France) Branch	France		100	%
Soda-Club Worldwide BV (Greece) Branch	Greece		100	%
SodaStream Professional S.R.L.	Italy		100	%
SodaStream International BV Norwegian Branch	Norway		100	%
SodaStream Denmark Branch Filial of SodaStream International BV, Holland	Denmark		100	%
SodaStream International BV Branch in Finland	Finland		100	%
SodaStream Canada Ltd.	Canada		100	%
SodaStream India Ltd.	India		100	%
SodaStream K.K.	Japan		100	%
SodaStream International BV Branch in Italy	Italy		100	%