The management of Mitsubishi Rayon Co., Ltd. fully recognizes the effectiveness of reducing a company’s share trading unit as a means of expanding the sphere of potential investors in the company, and of injecting greater liquidity into trading in the said shares.

With respect to a decision as to whether or not to reduce the trading unit of the Company’s shares, and, if so, the timing of such an action, Mitsubishi Rayon is currently giving careful thought to trends on the stock markets, in particular the movement of the Company’s own share price; to the probable cost involved in such a change; and to the estimated effectiveness of the change. As of the present moment, however, the management have reached no specific conclusion, and no action is currently planned.