kuraray


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Amount to be Paid In upon the Issue of Stock Options
(Stock Acquisition Rights)

Oct. 1, 2003
KURARAY CO., LTD.

At the Company's 122nd annual general meeting of shareholders on June 26, 2003, the shareholders approved a resolution authorizing the issue of stock acquisition rights. At a subsequent meeting of the Board of Directors on August 6, 2003, the Board approved a concurring resolution, and also set the amount to be paid in upon the issue of stock options, given below.

  • 1. Amount to be paid in upon the issue of stock options
    The value of one stock acquisition right is set at ¥459,000.
    (This is based on an option to buy 500 shares at ¥918 per share.)
  • 2. Amount not to be incorporated into capital out of issue price of new shares of stock
    The value of one stock acquisition right is set at ¥229,500.
    (¥459 per share)