We advise the following, owing to the fact that our subsidiary, Tokai Carbon (Tianjin) Co., Ltd. has been reclassified as a specified subsidiary.

1. Name, Address, Representative, Capital and Operating Information of the Specified Subsidiary (1) Name: Tokai Carbon (Tianjin) Co., Ltd. (2) Address: Chemical Industry Division, Tianjin Economic and Technological Development Area, People’s Republic of China (3) Representative: Okazaki Tetsuo (4) Capital : US $19,000,000 (5) Area of Business: Manufacture and Sale of Carbon Black 2. Capital and Percentage of Investment in Tokai Carbon (Tianjin) Co., Ltd. Before and After Change (1) Tokai Carbon (Tianjin) Capital Before Alteration: US $11,600,000 After Alteration: US $19,000,000 (2) Percentage of our Investment Before Alteration: 80.0% After Alteration: 80.0% 3. Reason for and Date of Change (1) Reason for Alteration Due to an increase in operating capital of our subsidiary Tokai Carbon (Tianjin) Co., Ltd. and due to the fact that this increase led to its operating capital being greater than 10% of the parent company's operating capital, the subsidiary has been reclassified as a Specified Subsidiary (2) Date of Alteration September 27, 2004 (Completion of Investment Payment)