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| May 10, 2005 |
| Mitsubishi Rayon Co., Ltd. |
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| Notice Regarding Acquisition of Company Shares
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(in accordance with the stipulations of Article 211-3,
Clause 1, Item 2 of the Commercial Code) |
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| On May 10, 2005 the Board of Directors passed a resolution to acquire the Company’s own shares in accordance with the stipulations mentioned above. |
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| 1.Reasons for the Purchase |
| Acquisition of Company shares will allow Mitsubishi Rayon to respond more effectively to changes in the business environment. |
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| 2. Details of Acquisition
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| (1) |
Type of shares to be purchased :
ordinary shares |
| (2) |
Maximum number of shares authorized for purchase :
12,000,000 (1.96% of shares issued and outstanding) |
| (3) |
Maximum amount for use in share purchase :
4,900,000,000 Japanese Yen |
| (4) |
Period of purchase :
May 13, 2005 to June 7, 2005 |
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| Shares in treasury as of March 31, 2005 |
Number of shares issued and outstanding :
611,370,787 |
Number of shares in treasury :
827,033 |
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| For further inquiries, please contact: |
| Public and Investor Relations Office |
| e-mail:
koho@mrc.co.jp |
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The contents shown herein are accurate as of the time of posting.
