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May 13, 2004
Application for Delisting from the Frankfurt Stock Exchange
Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation (MCC) (Head office: Minato-ku, Tokyo; President: Ryuichi Tomizawa) decided to apply for the delisting of MCC's shares from the Frankfurt Stock Exchange at the meeting of its Board of Directors today.

1. The reason for the withdrawal from the Frankfurt Stock Exchange
 
The trading volume of MCC's shares at the Frankfurt Stock Exchange is low.
The delisting will have minimal effect on the shareholders and investors.
2. Stock listings other than the Frankfurt Stock Exchange
 
Tokyo Stock Exchange
Osaka Securities Exchange
3. Delisting Schedule
  The application for the delisting from the Frankfurt Stock Exchange will be made by the end of May 2004, and the delisting is expected to be completed subject to the Frankfurt Stock Exchange delisting procedures by the end of the year.

For further information, please contact
Public Relations and Investor Relations Dept.,
Mitsubishi Chemical Corporation
Tel: [+81]-(0)3-6414-3730
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