EXHIBIT 21.01

LIST OF SUBSIDIARIES

    Listed below are our subsidiaries, our percentage ownership in each subsidiary and the total number of subsidiaries directly or indirectly owned by each of our subsidiaries.

Subsidiary Name and Jurisdiction of Formation						Our % Ownership						U.S. Subsidiaries of our Subsidiaries						Non-U.S. Subsidiaries of our Subsidiaries
Investment Company Freedom Finance LC, Russia(1) (2)						100%						-						5
FFIN Bank LLC, Russia(3)												-						-
Freedom Finance JSC, Kazakhstan(1) (3)												-						3
Bank Freedom Finance Kazakhstan JSC, Kazakhstan(4)												-						-
Life Insurance Company Freedom Finance Life JSC(4)												-						-
Insurance Company Freedom Finance Insurance JSC(4)												-						-
Freedom Finance Europe Limited, Cyprus						100%						-						1
Freedom Finance Germany GmbH, Germany(5)						100%						-						-
Freedom Finance Technologies Ltd, Cyprus						100%						-						-
UK Prime Limited, United Kingdom						100%						-						-
Freedom Finance Ukraine LLC, Ukraine(6)						9%						-						-
Freedom Finance Uzbekistan LLC, Uzbekistan						100%						-						-
Freedom Finance Azerbaijan LLC, Azerbaijan						100%						-						-
Freedom Finance Armenia LLC, Armenia						100%						-						-
Freedom Finance Ltd., United Arab Emirates						100%						-						-
Freedom Finance Global PLC, Astana International Financial Centre						100%						-						-
Freedom Finance Special Purpose Company LTD, Kazakhstan						100%						-						-
Freedom Finance Commercial LLP, Kazakhstan						100%						-						-
Prime Executions, Inc., New York, USA						100%						-						-
FFIN Securities, Inc., Nevada, USA*						100%						-						-

(1) Freedom Holding Corp is in the process of realigning the legal ownership of Freedom Finance Kazakhstan JSC and its Kazakhstani subsidiaries from Investment Company Freedom Finance LC to Freedom Holding Corp.

(2) Freedom Holding Corp is in the process of divesting its ownership in Investment Company Freedom Finance LC and FFIN Bank LLC.

(3) Investment Company Freedom Finance LC owns a 100% interest in FFIN Bank LLC, and a 90% interest in Freedom Finance JSC. Freedom Holding Corp owns a 10% interest in Freedom Finance JSC.

(4) Freedom Finance JSC owns a 100% interest in each of: Bank Freedom Finance Kazakhstan JSC; Life Insurance Company Freedom Finance Life JSC; and Insurance Company Freedom Finance Insurance JSC.

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(5) Freedom Finance Europe Limited owns a 100% interest in Freedom Finance Germany GmbH.

(6) Askar Tashtitov, the President and a director of the Freedom Holding Corp, owns the remaining 91% interest in Freedom Finance Ukraine. As a result of a series of contractual relationships between the Freedom Holding Corp and Freedom Finance Ukraine, it is accounted for as a variable interest entity and its financial results are consolidated into the financial statements of Freedom Holding Corp.

*     Indicates entities that are not currently engaged in active operations.