Asahi Glass: Notice On the Allotment Of Stock Compensation-Type Stock Options

Please be informed that Asahi Glass Co., Ltd. (“the Company”) reached the decision at its meeting of the Board of Directors on June 13, 2007, to establish the following terms and conditions regarding the offering stock acquisition rights as stock compensation-type stock options to its directors (excluding outside directors) and executive officers who do not serve concurrently as directors of the Company, and to solicit subscribers to said stock acquisition rights, in the Company’s aim to share with its shareholders, the benefits and risks related to stock price fluctuations, and to further enhance the motivation and willingness among directors of the Company (excluding outside directors) as well as executive officers of the Company who do not serve concurrently as directors of the Company to improve the Company’s stock price and corporate value , pursuant to the provisions of Articles 236, 238 and 240 of the Corporate Law.1.

Name of the Stock Acquisition Rights:

“Asahi Glass Co., Ltd. - Stock Acquisition Rights (Stock Compensation-type Stock Option) to be issued in July 2007”; (hereinafter referred to as the “Stock Acquisition Right”)

2. Persons Eligible for the Allotment of Stock Acquisition Rights, and the Number of Persons and the Number of Stock Acquisition Rights to be Allotted The Company shall allot 65 Stock Acquisition Rights to four (4) directors of the Company (excluding outside directors) and 201 Stock Acquisition Rights to 22 executive officers who do not serve concurrently as directors of the Company, for a total of 266 Stock Acquisition Rights to 26 persons.

3. Total Number of the Stock Acquisition Rights:

266

The above number is the total number of the Stock Acquisition Rights that are expected to be allotted and, accordingly, in the event that the total number of application for subscription of the Stock Acquisition Rights does not reach the above-mentioned number or there occurs a reduction in the total number of the Stock Acquisition Rights to be allotted, the total number of the Stock Acquisition Rights shall be equal to the total number of the Stock Acquisition Rights that are actually allotted.

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