Note: Translation of Japanese document
April 23, 2008
Asahi Kasei Corporation



Adoption of measures to respond to large acquisitions of shares
(takeover defense measures)
 
The Board of Directors of Asahi Kasei (the Company) has today established, as stipulated in the main body of Article 127 of the Ordinance for Enforcement of the Corporation Law, a basic corporate policy concerning the nature of parties who would control the Company's financial and operational decisions (the Basic Policy), and decided to adopt, as a mechanism to prevent control of the Company's financial and operational decisions by inappropriate parties as stipulated in Item 2 of Article 127 of the Ordinance for Enforcement of the Corporation Law, measures to respond to large acquisitions of shares (takeover defense measures, hereafter referred to as the Shareholder Rights Plan) in light of this Basic Policy, pending authorization by shareholders at the 117th Ordinary General Meeting of Shareholders, to be held in June 2008 (This Year's Annual General Meeting).
 
The full text of the press release is available here in PDF format.
 
 

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