Asahi Kasei has decided the specific method of the repurchase of the company's shares in accordance with a resolution of the Board of Directors adopted on May 10, 2019, pursuant to Article 459, Paragraph 1, of the Companies Act of Japan as well as Article 37 of the company's Articles of Incorporation, and for the cancellation of shares of treasury stock pursuant to Article 178 of the Companies Act.

1.Repurchase method

Purchase will be consigned to be executed at 8:45 a.m. on May 31, 2019, at today's (May 30, 2019) closing price of ¥1,151.5 through the Tokyo Stock Exchange Trading Network System ToSTNeT-3.

2.Details of repurchase

a)Type of shares to be repurchased

Common stock of Asahi Kasei Corp.

b)Number of shares to be repurchased

8,684,300 shares

c)Total value of shares to be repurchased

¥9,999,971,450

d)Announcement of result of transaction

An announcement will be made after the completion of execution at 8:45 a.m. on May 31, 2019.

Notes:

• i.No changes will be made regarding the number of shares specified in the purchase order. However it is possible that the trade, in part or in whole, will not be executed due to market conditions.
• ii.The purchase will be performed with a matching sell order for the number of shares scheduled for repurchase.

For reference
Details of the resolution adopted by the Board of Directors on May 10, 2019

a)Type of shares to be repurchased

Common stock of Asahi Kasei Corp.

b)Number of shares to be repurchased

12 million shares (maximum)
(0.86% of the number of issued shares excluding treasury stock)

c)Total value of shares to be repurchased

¥10.0 billion (maximum)

d)Repurchase period

From May 30, 2019, to September 30, 2019