1．Background

As announced on October 20, 2015, in the news release entitled “Faulty installation of foundation piles etc. by Asahi Kasei Construction Materials,” Asahi Kasei Corp. is advancing efforts to elucidate the cause and prevent recurrence of faulty installation of piles and the diversion and modification of data in the corresponding installation report through a task force and a fact-finding committee established within the company. Asahi Kasei Corp. also announced the establishment without delay of an independent commission comprised of attorneys having no conflict of interest with the Asahi Kasei Group.

2．Membership and roles of the independent commission

1. 1)Membership
   

   Commission Chair

   Mr. Kazuhiro Suzuki, Attorney (former Superintending Prosecutor of Fukuoka High Public Prosecutors Office)

   Commission Member

   Mr. Kazushi Omori, Attorney (Omori Law Office)

   Commission Member

   Ms. Mieko Okita, Attorney (Shimada Hamba & Osajima)

   None of the members has any conflict of interest with the Asahi Kasei Group, and there is no factor that would compromise the independence and objectivity of the independent commission.

2. 2)Roles of the independent commission

   a) Verification of the results of investigation by the internal fact-finding committee; investigation of facts related to data in the installation report, etc., including by interviewing related parties; analysis of the cause; and provision of recommendations on measures to prevent recurrence related to faulty installation of piles etc. by Asahi Kasei Construction Materials Corp. at a condominium complex in Yokohama, Kanagawa, Japan.

   b) Provision of guidance and counsel related to the method of investigation of installation of precast concrete piles by Asahi Kasei Construction Materials for approximately the past 10 years (3,040 construction projects).

3．Schedule moving forward

The Asahi Kasei Group will fully cooperate with the investigation by the independent commission. Progress in the investigation will be reported as appropriate.

Profiles of the independent commission members: