June 11, 2008
Kuraray Co., Ltd.
Kuraray Co., Ltd. (hereinafter "Kuraray" or "the Company") today announced details of outstanding items in connection with the Company's decision to issue share purchase warrants as part of a stock-linked compensation plan. The decision to offer share purchase warrants, identified as "Kuraray Co., Ltd. Share Purchase Warrants issued in June 2008" was first made at a Board of Directors' meeting held on May 20, 2008. Brief details of outstanding items are provided as follows.
157 units (the number of shares to be granted per share purchase warrant is 500)
|Rights Holder||Number of Rights Holders||Number of allotted share purchase warrants|
|Directors of Kuraray Co., Ltd.||10||109|
|Executive Directors of Kuraray Co., Ltd.||16||48|
(excluding those who concurrently serve as directors or work overseas)
78,500 shares of Kuraray common stock
Payment per share purchase warrant ¥ 632,000
(Payment per share ¥ 1,264 )