kuraray


News Releases

Notice Concerning Acquisition of Own Shares

Mar. 18, 2003
KURARAY CO., LTD.

This is to inform you that, in accordance with the provisions of Article 210 of the Commercial Code of Japan, the Company implemented the acquisition of its own shares as shown below.

Description of Purchase

1. Purchasing period
from February 26, 2003 to March 18, 2003
2. Number of shares acquired
7,000,000 shares
3. Total cost of purchase
4,830,027,000 yen
4. Purchasing method
ordinary market transaction

(Reference)

1. Details of the resolution of the Ordinary General Meeting of Shareholders held on June 27, 2002

(1)Type of shares to be acquired
common stock of Kuraray Co., Ltd.
(2)Maximum number of shares allowed for acquisition
30,000,000 shares
(3)Maximum allowable purchase cost
30 billion yen

2. Number of common stock having been acquired from June 27, 2002 up to March 18, 2003

(1)Aggregate number of shares acquired
10,000,000 shares
(2)Aggregate amount of acquisition
7,011,598,000 yen