ASAHI TECHNO GLASS TO BECOME WHOLLY-OWNED SUBSIDIARY

2005-05-25

Asahi Techno Glass Corporation will become a wholly owned subsidiary of Asahi Glass Co., Ltd. through a stock swap, the boards of the two companies decided on 16/02/05. A contract for the swap has been signed and the operation will be carried out on 1/07/05 following approval of the contract by Asahi Techno Glass's Ordinary General Meeting of Shareholders to be held on 25/05/05. Asahi Glass will be implementing the so-called "simple stock swap" procedures provided for in Article 358 of Japan's Commercial Code: these require no approval by the general meeting of shareholders. Created in Jan/99 from the merger of the Asahi Glass Group's Iwaki Glass Co., Ltd. & Toshiba Glass Corporation, Asahi Techno Glass is a core company of the Asahi Glass Group in the field of specialty glass, providing various products & services in lighting, houseware, functional materials etc.