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August 28, 2006
Mitsubishi Chemical Holdings Corporation
- Acquisition of Treasury Stock Pursuant to Article 156-1 and Article 163 of the Corporation Law -
Mitsubishi Chemical Holdings Corporation ("MCHC") (Head office: Minato-ku, Tokyo; President: Ryuichi Tomizawa) passed a resolution at the meeting of its Board of Directors held on August 28, 2006 to acquire from its wholly owned subsidiaries, Mitsubishi Chemical Corporation (Head office: Minato-ku, Tokyo; President: Ryuichi Tomizawa) ("MCC") and Mitsubishi Pharma Corporation (Head office: Osaka-shi, Osaka; President: Takeshi Komine) the stocks of MCHC respectively held by the said subsidiaries as follows:
| 1) | Type and number of stocks to be acquired | |
| Type of stock: | Common stock | |
| Number of stocks: | 434,049,642 (Percentage of outstanding shares: 24.0%) (MCC: 424,662,290; MPC: 9,387,352) |
|
| 2) | Total acquisition value | |
| 324,669,132,216 yen | ||
| 3) | Acquisition value per share | |
| 748 yen* | ||
| *Closing price at Tokyo Stock Exchange on August 28, 2006 | ||
| 4) | Date of acquisition | |
| Scheduled for September 1, 2006 | ||
For further information, please contact:
Public Relations and Investor Relations Office
Mitsubishi Chemical Holdings Corporation
TEL: +81-(0)3-6414-4870
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