January 10, 2003

Sale of stocks of Fuji Coated Paper Manufacturing Co., Ltd.

Nippon Paper Industries Co., Ltd.
Daishowa Paper Manufacturing, Co., Ltd.

Nippon Paper Industries Co., Ltd. and Daishowa Paper Manufacturing Co., Ltd., group companies of Nippon Unipac Holding have signed a contract for transfer of stocks of Fuji Coated Paper Co., Ltd. (FCP) with Marubeni Corporation. This transfer was made in accordance with the guidance by the Japan Fair Trade Commission in connection with their management consolidation. The two companies will transfer 980,000 common stocks of Fuji Coated Paper Manufacturing(100% of the issued stocks) to Marubeni Corporation on April 1, 2003.
Regardless of the said transfer of stocks, Fuji Coated Paper Manufacturing will continue its production and sales activities as well as before. All the parties concerned will complete the deal without causing any inconvenience for the customers and stakeholders. We hereby sincerely solicit all the customers and stakeholders to understand the deal and to continue the business relationship with Fuji Coated Paper Manufacturing.
The outline of Fuji Coated Paper Manufacturing after the transfer will be as follows:
1. Location
Main Office: 4-2, Ohtemachi 1-Chome, Chiyoda-ku, Tokyo
(in Marubeni Corporation Head Office building)
Fuji Mill: Tadehara 600, Fuji-shi, Shizuoka
Yoshinaga Mill: Hina 798, Fuji-shi, Shizuoka
2. Representative Tadao Honda, President
(ex-Vice Executive Officer, Paper and Pulp Group of Marubeni Corporation)
3. Products
Coated Paper, Light-coated Paper, Printing Paper and Wrapping Paper
4. Production Capacity
About 240,000 tons per year
5. Main Production Facility
  Coaters: Machine Type Machine Width Daily Output
  Fuji No.31: Fountain Blade Coater 3,250mm 200.1tons
  Fuji No.32: Blade Coater 3,300mm 195.0tons
  Yoshinaga No.30: Dynamic Blade Coater 3,223mm 277.3tons
    Main Products In Operation Since  
  Fuji No.31 Coated Paper March, 1972  
  Fuji No.32 Coated Paper May, 1977  
  Yoshinaga No.30 Coated Paper November, 1987