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Toray’s Consolidated Subsidiary Completes Purchase of Shares in Korea’s Woongjin Chemical

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Feb. 28, 2014

Toray Industries, Inc.

Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo; President: Akihiro Nikkaku; hereinafter referred to as “Toray”) announced today that Toray Advanced Materials Korea Inc. (headquarters: Seoul, Republic of Korea; Chairman & CEO: Lee Young-kwan; President & COO: Kim Sang-pil; hereinafter referred to as "TAK"), its consolidated subsidiary in the Republic of Korea, has completed the entire process of purchasing a 56% stake in Woongjin Chemical Co., Ltd. (headquarters: Seoul, Republic of Korea; President: Park Chankoo; herein after referred to as "Woongjin Chemical") on February 28, 2014.
TAK’s purchase of the Woongjin Chemical stake is expected to have negligible impact on Toray’s consolidated business performance in the fiscal year ending March 31, 2014.

(Reference)
1. Profile of the subsidiary (TAK), which is acquiring the Woongjin Chemical stake

(1) Name:Korean name: 東レ尖端素材株式会社
English name: Toray Advanced Materials Korea Inc.
(2) Location:Seoul, Republic of Korea
(3) Representative:Chairman & CEO: Lee Young-Kwan
President & COO: Kim Sang-pil
(4) Capital:475 billion won
(5) Established:October 1999 (The company changed its name in May 2010
(6) Business:Manufacture and distribution of PET film, polyester fibers, non-woven fabric, processed film products, materials for printed circuits, water treatment membrane modules, and carbon fibers

2. Profile of the subsidiary subject to change (Woongjin Chemical)

(1) Name:Woongjin Chemical Co., Ltd.
(2) Location:Seoul, Republic of Korea
(3) Representative:CEO: Park Chankoo
(4) Capital:237.2 billin won
(5) Established:1972
(6) Business:Manufacture and distribution of high-performance fibers, water treatment filters, A-PET
sheets (cast film), etc.

In this transaction, Toray has retained Nomura Securities Co., Ltd. as the financial advisor and Kim & Chang as the legal advisor.

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