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Jan. 12, 2005

Toray Industries, Inc. resolved to delist its shares from three stock exchanges

Toray Industries, Inc. resolved to submit applications for the delisting of its shares (including depositary receipt) to the following three exchanges.

  1. Stock exchanges to which Toray will submit applications for the delisting
    Frankfurt Stock Exchange
    Düsseldorf Stock Exchange
    Euronext Stock Exchange (Paris)

    (Reference) Stock exchanges on which the shares of Toray will continue to be listed
    Tokyo Stock Exchange
    Osaka Stock Exchange
    Nagoya Stock Exchange
    Fukuoka Stock Exchange
    Sapporo Stock Exchange
    London Stock Exchange
    Luxemburg Stock Exchange

  2. Reasons for the delisting
    Trading volume of the shares of Toray on the above three stock exchanges is very small. Therefore, Toray believes that the delisting has minor influence on shareholders and investors.

  3. Schedule
    Toray will submit applications for the delisting in January 2005. Toray anticipates completing the delisting process by the end of May 2005.
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