July 3, 2006
Asahi Kasei Corporation

Appointment of Interim Independent Auditors
The Board of Corporate Auditors of Asahi Kasei Corporation has appointed PricewaterhouseCoopers Aarata as the company’s Interim Independent Auditors, effective July 1, 2006.

The firm which had served as the company’s Independent Auditors, ChuoAoyama PricewaterhouseCoopers, was sanctioned by the Financial Services Agency on May 10, 2006 with a two-month suspension of auditing services pursuant to the Securities and Exchange Law and the Corporation Law, from July 1, 2006 to August 31, 2006. ChuoAoyama PricewaterhouseCoopers thus lost standing to serve as the company’s Independent Auditors on July 1, 2006. The Board of Corporate Auditors met on July 1, 2006 and appointed PricewaterhouseCoopers Aarata as Interim Independent Auditors in accordance with the provisions of Paragraphs 4 and 6 of Article 346 of the Corporation Law.

Appointment of Independent Auditors will be referred to the Ordinary General Meeting of Shareholders scheduled for June 2007.

Name and location of firm withdrawn as Independent Auditors
Name: ChuoAoyama PricewaterhouseCoopers
Location: 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo, Japan

Name and location of firm installed as Interim Independent Auditors
Name: PricewaterhouseCoopers Aarata
Location: 1-3-8 Shinbashi, Minato-ku, Tokyo, Japan

Date of replacement of Independent Auditors with Interim Independent Auditors
July 1, 2006

For more information, please contact:
Asahi Kasei Corporation
Corporate Communications
Phone: +81-(0)3-3507-2060
Fax: +81-(0)3-3507-2495


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