Name of Subsidiary

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Jurisdiction of Incorporation

CPI CG Inc.

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Delaware, USA

CPI Holding Co.

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Colorado, USA

CPI Card Group – Colorado, Inc.

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Colorado, USA

CPI Card Group – Tennessee, Inc.

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Tennessee, USA

CPI Card Group – Minnesota, Inc.

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Delaware, USA

CPI Card Group – Indiana, Inc.

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Indiana, USA

CPI Card Group International Ltd

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United Kingdom

Arroweye Solutions, Inc.

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Delaware, USA