Tokai Carbon Co., Ltd. (hereinafter the “Company”) announced that the Company on September 11 established a new company in Grevenbroich, Germany (near Düsseldorf) to supervise its fine carbon business in Europe.

1. Name and other details of the new company

Name:   Tokai Carbon Europe GmbH Capitalization:   240,000 euro

2. Purpose of establishing the new company

In Europe, the fine carbon market is expected to post significant growth in the future, especially in the renewable energy field including solar cells. The Company currently operates processing and/or sales companies in Germany, UK, Italy and Sweden and it came to the decision to establish a supervising company in Germany to achieve a more organic and efficient group business operation in the growing market.

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