kuraray


News Releases 2006

Notice Concerning Change of Audit Firm

July 3, 2006
Kuraray Co., Ltd.

Kuraray Co., Ltd. today announces that it has changed its audit firm. Details are described as follows.

1. Reason for the Change

On May 10, 2006, Kuraray's accounting auditor, ChuoAoyama PricewaterhouseCoopers, was ordered by the Financial Services Agency to suspend business operations for two months, from July 1, 2006 to August 31, 2006. Accordingly, ChuoAoyama PricewaterhouseCoopers is disqualified as Kuraray's accounting auditor.

2. Name of Previous Auditor

Name ChuoAoyama PricewaterhouseCoopers
Office Location 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo

3. Date of Change

July 1, 2006

4. Outlook

Kuraray's Board of Auditors plans to appoint a temporary accounting auditor. The name of the new accounting auditor will be notified as soon as it has been decided.