kuraray


News Releases 2008

Notice of the 127th Ordinary General Meeting of Shareholders

May 28, 2008
Kuraray Co., Ltd.

Kuraray Co., Ltd. (the "Company") is pleased to announce that the Company has decided to hold the Company’s 127th Ordinary General Meeting of Shareholders in accordance with the following schedule:

1. Date and Time
10:00 a.m. on Thursday, June 19, 2008
2. Place
Tokyo Kaikan 2-1, 3-Chome, Marunouchi, Chiyoda-ku, Tokyo, JAPAN
3. Purposes of the Meeting
Matters to be reported
Reports on the business report, consolidated and non-consolidated financial statements and audit reports by the Accounting Auditor and the Board of Corporate Auditors for the 127th fiscal period (from April 1, 2007 through March 31, 2008)
Matters to be resolved
Proposal No. 1 : Appropriation of Surplus
Proposal No. 2 : Partial Amendment to the Articles of Incorporation
Proposal No. 3 : Election of Nine (9) Directors
Proposal No. 4 : Election of Two (2) Corporate Auditors

Remarks

Please refer to our News Releases for the details of the Proposals listed below.

Proposal No. 1 (Appropriation of Surplus)
"Business Results for the Year Ended March 31, 2008 (unaudited)" dated April 30, 2008
(Please refer to "Kuraray’s Fundamental Dividend Policy and Dividends for Fiscal 2007 and 2008" on page 9 )
Proposal No. 2 (Amendment to the Articles of Incorporation)
"Proposal No. 2: Partial Amendment to the Articles of Incorporation" dated May 20, 2008
Proposal No. 3 (Election of Nine (9) Directors)
"Major Organizational Restructuring and Transfer of Personnel (as of April 1, 2008)" dated March 11, 2008