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This is to inform you that, in accordance with the provisions of Article 210 of the Commercial Code of Japan, the Board of Directors of Kuraray Co., Ltd. on November 12, 2002 made a resolution for the purchase of the Company's own shares based on a resolution of the Ordinary General Meeting of Shareholders held on June 27, 2002.

Description of Resolution

1. Type of shares to be acquired

common stock of Kuraray Co., Ltd.

2. Maximum number of shares allowed for acquisition

3,000,000 shares

3. Maximum allowable purchase value

2.3 billion yen

4. Purchasing method

ordinary market transaction

5. Purchasing period

from November 13 to December 12, 2002

(Reference)

Details of the said resolution of the Ordinary General Meeting of Shareholders held on June 27, 2002

(1) Type of shares to be acquired

common stock of Kuraray Co., Ltd.

(2) Maximum number of shares allowed for acquisition

30,000,000 shares

(3) Maximum allowable purchase value

30 billion yen

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