Tokai Carbon Co., Ltd. announced that its Board of Directors today resolved to repurchase its own shares, pursuant to Article 211-3, Paragraph 1, Item 2 of the Commercial Code of Japan.

1. Reason for repurchase In order to implement flexible capital strategies in accordance with financial and business environments. 2. Details of repurchase (1) Type of shares Common stock (2) Aggregate number of repurchaseable shares Up to 2.3 million shares (1.12% of total number of shares issued) (3) Aggregate repurchase amount Up to 1 billion yen (4) Schedule to repurchase From April 1 to May 31, 2005 (Reference) Total number of shares issued and treasury stock as of February 28, 2005 Total number of shares issued (excluding treasury stock) 200,973,658 shares Treasury stock 3,115,733 shares