kuraray


News Releases 2009

Notice Concerning Shelf Registration for Share Option

June 19, 2009
Kuraray Co., Ltd.

Kuraray Co., Ltd. (the "Company") announces that the Company has decided, at the meeting of its Board of Directors held today, to file a shelf registration statement for share options outlined below:

1. Type of Securities
Share option certificates
2. Scheduled Issuance Period
Until the date 2 years after the scheduled effective date of the shelf registration (July 2009 to July 2011)
3. Method of Offering
Allotments to shareholders
4. Allowable Issuance Amount
¥400 million
(Aggregate of (i) total issue price of the share option certificates (without contribution) and (ii) total amount to be paid upon exercise of the share options)

Countermeasures (takeover defense) in response to large-scale purchase of Kuraray shares (the "Plan"), have been approved by a majority of voting rights of the shareholders present at the Company's Ordinary Shareholders' Meeting held on June 19, 2009. The shelf registration described herein will enable the Company to effectively and flexibly issue share options.

For details of the Plan, please refer to the News Release dated April 30, 2009 titled "Continuation of Countermeasures (Takeover Defense) in Response to Large-scale Purchase of Kuraray Shares" available on the Company's website:
http://www.kuraray.co.jp/en/release/2009/090430.html