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Price increase announcement in Europe, Middle East and Africa

15th October, 2007

At Nippon Gohsei, we take pride in providing our customers with highly advanced Soarnol along with intensive technical support in order to meet expanding R&D requirements. Innovation is our priority, and this has continued with the recent introduction of our new generation products.

In recent years, escalating raw material and utility prices have led to higher production costs and subsequent increases in market pricing for Soarnol. In particular, 2007 has shown unforeseen problems in raw material availability leading to key feedstock price hikes.

As a result of this extraordinary situation, we must proceed with a price increase of Eur/kg 0.45 for all Soarnol products with effect from January 1st 2008.

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