Asahi Glass: Notice Regarding Stock Compensation-Type Stock Options

Asahi Glass Co., Ltd. (“the Company”) reached the decision at its meeting of the Board of Directors on June 13, 2007, to establish the 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 the said stock acquisition rights.

In this regard, please be informed that today, the amount to be paid in exchange for the said stock acquisition rights and other related items were decided as in the following:

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. Date of Allotment of the Stock Acquisition Rights:

July 2, 2007

3. Total Number of the Stock Acquisition Rights:

266 (The number of shares to be issued or transferred upon exercise of one (1) Stock Acquisition Right shall be 1,000 shares.)

4. Persons Eligible to the Allotment of Stock Acquisition Rights, and the Number of Persons and the Number of Stock Acquisition Rights to be Allotted: Directors of the Company (excluding outside directors): 65 Stock Acquisition Rights to four (4) directors of the Company Executive officers who do not serve concurrently as directors of the Company: 201 Stock Acquisition Rights to 22 executive officers

5. The Amount to be Paid in Exchange for Stock Acquisition Rights:

1,446,000 yen in exchange for one (1) Stock Acquisition Right (1,446 yen per share) Note that the said amount to be paid in exchange for the Stock Acquisition Rights shall be set off against the corresponding amount of the remuneration claims of the relevant directors and executive officers of the Company.

6. Total Amount to be Paid in Exchange for Stock Acquisition Rights: 384,636,000 yen

600450 Asahi Glass: Notice Regarding Stock Compensation-Type Stock Options glassonweb.com
Date: 3 July 2007
Source: Asahi Glass

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