February 27, 2002
Asahi Kasei Corporation
Security code: 3407

Pursuant to Article 3, Clause 4 of the Supplementary Provisions to the Amended Commercial Code, based on the former Article 3, Clause 1 of the Law for Special Exceptions to the Commercial Code concerning the Procedure of the Redemption of Shares, Asahi Kasei Corporation has repurchased its shares from the market as follows:

• Purchase period:
  January 30, 2002–February 26, 2002.
• Number of shares repurchased:
  14,500,000 shares.
• Total value of shares repurchased:
  4,973,500,000 yen.
• Method of repurchase:
  Purchase on the Tokyo Stock Exchange.
  
  

For reference
A program of repurchase was authorized by the Board of Directors on September 26, 2001, to be implemented as follows:

• Type of shares to be repurchased:
  Common shares.
• Number of shares to be repurchased:
  66 million shares (maximum).
• Total value of shares to be repurchased:
  30.0 billion yen (maximum).
  
  

The cumulative number and value of shares repurchased as of January 28, 2002 are as follows:

• Number of shares repurchased:
  35,667,000 shares.
• Total value of shares repurchased:
  14,021,381,000 yen.