September 26, 2001
Asahi Kasei Corporation
Security code: 3407

The Asahi Kasei Corporation Board of Directors today adopted a resolution for the company to implement a program of share repurchase pursuant to Article 3 of the Law for Special Exceptions to the Commercial Code concerning the Procedure of the Redemption of Shares, to be implemented as follows:

• Type of shares to be repurchased:
  Par value common shares.
• Number of shares to be repurchased:
  66 million shares (maximum).
• Total value of shares to be repurchased:
  30.0 billion yen (maximum).
• Method of repurchase:
  Purchase on the Tokyo Stock Exchange.

Note: The total number of shares redeemable by purchase as provided for in the Articles of Incorporation is 144,000,000 shares.