Rules for Handling Shares

Chapter 1 General Provisions

(Purpose)

Article 1
Regarding the process for the exercise of shareholder rights concerning ICHIKOH INDUSTRIES, LTD. (hereinafter, the “Company”) and other handling of its shares and the fees pertaining thereto, in addition to the stipulations of the Japan Securities Depository Center, Inc. (hereinafter, "Depository Center"), and the account management institutions such as securities companies, at which shareholders have opened transfer accounts (hereinafter, "securities companies, etc."), they shall be as stipulated in these rules based on Article 12 of the Articles of Incorporation.

(Administrator of register of shareholders)

Article 2
The Company's administrator of register of shareholders, administrative handling location, and contact place shall be as follows.
Administrator of register of shareholders 1-4-1, Marunouchi, Chiyoda-ku, Tokyo
Sumitomo Mitsui Trust Bank Limited
Administrative handling location 1-4-1, Marunouchi, Chiyoda-ku, Tokyo
Sumitomo Mitsui Trust Bank Limited Stock Transfer Agency Business Planning Department

Chapter 2 Recording, etc., in register of shareholders

(Recording in register of shareholders)

Article 3
  1. Any modifications to matters recorded in the register of shareholders shall be made in accordance with General Shareholders Notices and other notices from the Depository Center (not including notices stipulated by Article 154 Paragraph 3 [hereinafter, "individual shareholder notice"] of the Act on Book Entry of Corporate Bonds and Shares [hereinafter, the "Book Entry Act"]).
  2. In addition to the preceding paragraph, in the event of new share issues or when otherwise stipulated by law, matters in the register of shareholders shall be recorded or modified without notice from the Depository Center.
  3. The register of shareholders shall be recorded with characters and symbols specified by the Depository Center.

(Notification concerning matters in the register of shareholders)

Article 4
Shareholders shall notify their names and addresses through securities companies, etc., or the Depository Center, as specified by the Depository Center. This shall hold in the event of a change as well.

(Representatives of corporations)

Article 5
When a shareholder is a corporation, the corporate shareholder shall notify one of its representatives through securities companies, etc., or the Depository Center, as specified by the Depository Center. This shall hold in the event of a change as well.

(Representatives of joint-ownership shares)

Article 6
Shareholders who are joint owners of shares shall designate one representative, and shall notify his/her/its name and address through securities companies, etc., or the Depository Center, as specified by the Depository Center. This shall hold in the event of a change as well.

(Legal representative)

Article 7
The legal representative, such as a parent or guardian, of a shareholder shall notify his/her/its name and address through securities companies, etc., or the Depository Center, as specified by the Depository Center. This shall hold in the event of a change or cancellation as well.

(Notification of place that receives notice of shareholders residing overseas, etc.)

Article 8
  1. Shareholders residing overseas or their legal representatives must select a representative residing permanently in Japan or specify a place inside Japan that shall receive notices.
  2. The name and address of the representative residing permanently in Japan or the place inside Japan that shall receive notices stipulated in the preceding paragraph shall be notified through securities companies, etc., or the Depository Center, as specified by the Depository Center. This shall hold in the event of a change or cancellation as well.

(Method for confirmation via the Depository Center)

Article 9
When a notification from a shareholder is submitted to the Company through securities companies, etc., or the Depository Center, it shall be considered as having come from the shareholder himself/herself.

(Pledgees of registered shares)

Article 10
The provisions of this chapter shall apply mutatis mutandis to pledgees of registered shares.

Chapter 3 Shareholder confirmation

(Shareholder confirmation)

Article 11
  1. When a shareholder (including a shareholder who has performed individual shareholder notice) makes an exercise of shareholder rights such as a request (hereinafter, "request, etc."), the shareholder shall attach or submit proof (hereinafter, "proof documents, etc.") that request, etc., came from the actual shareholder. However, this does not apply in the event that it can be confirmed in the Company that the request, etc., is from the actual shareholder.
  2. When a request, etc., comes to the Company from a shareholder through securities companies, etc., or the Depository Center, it shall be considered as having come from the shareholder, and no proof documents, etc., shall be required.
  3. In the event of a request, etc., through a representative, in addition to the procedure in the preceding two paragraphs, a power of attorney with the shareholder's signature or name and seal affixed shall be attached. The power of attorney must include the name and address of the appointee.
  4. Paragraphs 1 and 2 shall apply mutatis mutandis to representatives.

Article 4 Process for exercising minority and other shareholder rights

(Process for exercising minority and other shareholders’rights)

Article 12
When exercising minority and other shareholders’ rights as stipulated in Article 147 Paragraph 4 of the Book Entry Act directly upon the Company, the shareholder shall do so through documentation with an affixed signature or name and seal and by attaching the receipt for individual shareholder notice.

Chapter 5 Purchase of shares constituting less than one unit

(Method of requesting purchase of shares constituting less than one unit)

Article 13
When requesting to purchase shares constituting less than one unit, it shall be done through securities companies, etc., or the Depository Center, as specified by the Depository Center.

(Determining purchase price)

Article 14
  1. The unit purchase price for purchase requests shall be the final price in the open market of the Tokyo Stock Exchange on the day that the purchase request arrives at the administrative handling location of the administrator of register of shareholders as stipulated in Article 2. However, if there is no trading or the exchange is closed on that day, the price shall be the first concluded price of the next trading.
  2. The purchase price shall be the unit purchase price in the preceding paragraph multiplied by the number of shares in the purchase request.

(Payment of purchase price)

Article 15
  1. The Company shall, except when it stipulates otherwise, pay the amount obtained after subtracting the fee stipulated in Article 18 from the purchase price calculated according to the preceding article on the fourth business day from the day following the day on which the purchase price is determined, as specified by the Depository Center. However, when the purchase price is a surplus dividend or a rights price of a share split, etc., it shall be paid by the reference date.
  2. Purchase requesters can request payment of purchase price by direct deposit to a designated bank account or Japan Post Bank cash payment.

(Movement of purchased shares)

Article 16
Shares constituting less than one unit for which a purchase request have been received shall be transferred to the Company's transfer account on the day the purchase price is paid or payment process is completed.

Chapter 6 Exceptions to special accounts

(Exceptions to special accounts)

Article 17
Handling of special accounts opened by shareholders for identity verification or other reasons shall be handled as specified by the Depository Center and by the account management institutions of the special accounts.

Article 7 Fees

(Fees)

Article 18
Fees concerning purchase requests for shares constituting less than one unit per Article 13 shall be amounts calculated per unit according to the formula below, proportioned to the number of purchased shares constituting less than one unit.
Of total amounts equaling the unit purchase price specified in Article 14 multiplied by the number of shares in one unit
For amounts of 1 million yen or less: 1.150%
For amounts of more than 1 million yen to 5 million yen or less: 0.900%
For amounts of more than 5 million yen to 10 million yen or less: 0.700%
For amounts of more than 10 million yen to 30 million yen or less: 0.575%
For amounts of more than 30 million yen to 50 million yen or less: 0.375%
(If fractions are generated, round down.)
However, if the calculated amount per unit is less than 2,500 yen, it shall be 2,500 yen.

End