Toray Industries, Inc. (“the Company”, hereinafter) announced today that the Company reached the decision at its meeting of the Board of Directors held today to establish the following terms and conditions regarding the offering of stock acquisition rights as stock compensation-type stock options to its vice presidents Members of the Board and directors, and to solicit subscribers to said stock acquisition rights, in the Company’s aim to enhance the motivation and willingness to improve the Company’s performance and to promote sharing of stock price benefits with its shareholders, pursuant to the provisions of Paragraph 1, Articles 236, Paragraphs 1 and 2, 238 and Paragraph 1, Article 240 of the Companies Act.