EXHIBIT 21
STATE/COUNTRY NAME UNDER WHICH
SUBSIDIARY OF INCORPORATION SUBSIDIARY DOES BUSINESS
Ace Insurance Agency, Inc. Illinois Ace Insurance Agency, Inc.
Loss Prevention Services, Inc. Illinois Loss Prevention Services, Inc.
National Hardlines Supply, Inc. Illinois National Hardlines Supply, Inc.
Ace Hardware de Mexico, S.A. de C.V. Mexico Ace Hardware de Mexico, S.A. de C.V.
Ace Hardware Foundation Illinois Ace Hardware Foundation
New Age Insurance Ltd. Bermuda New Age Insurance Ltd.
Ace Hardware International, Inc. Barbados Ace Hardware International, Inc.
Ace Corporate Stores, Inc. Illinois Ace Corporate Stores, Inc.
3070070 Nova Scotia Company (1) Nova Scotia 3070070 Nova Scotia Company
(1) All outstanding shares of this subsidiary were sold on February 13, 2003.