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March 12, 2008

Notification with Respect to Issuance of Unsecured Straight Bonds

Kirin Holdings Company, Limited has determined conditions for the issuance of Series 1, Series 2, Series 3 and Series 4 unsecured straight bonds (with inter-bond pari passu clause) (respectively, the "Unsecured Pari Passu Bonds"). In connection with such decision, we would like to provide notice of the following:

1. Kirin Holdings Company Limited Series 1 Unsecured Pari Passu Bonds;
(1) Total amount of issue : 80 billion yen
(2) Denomination of each Bond : 100 million yen
(3) Application of the Law Concerning Book-Entry Transfer of Corporate Bonds, etc. : The Unsecured Pari Passu Bonds are subject to the application of provisions of the Law Concerning Book–Entry Transfer of Corporate Bonds, etc. (the "Law"). Pursuant to a provision of Article 67, Paragraph 1 of the Law, bond certificates shall not be issued for the Unsecured Pari Passu Bonds.
(4) Interest rate : 1.09% per annum
(5) Issue price : 99.97 yen per face value 100 yen
(6) Redemption price : 100 yen per face value 100 yen
(7) Term and
Redemption method
: 5 years
i. Maturity date : The principal of the Unsecured Pari Passu Bonds shall be redeemed in a lump sum on March 19, 2013.
ii. Retirement by purchase : The issuer may repurchase the Unsecured Pari Passu Bonds on or after the day after the payment date.
(8) Interest payment date : March 19 and September 19 of each year
(Initial interest payment date: September 19, 2008).
(9) Offering period : Wednesday, March 12, 2008
(10) Payment date : Wednesday, March 19, 2008
(11) Collateral and Guarantees : The Unsecured Pari Passu Bonds are neither secured by any collateral nor guaranteed, and there are no particular assets reserved for the payment of the Unsecured Pari Passu Bonds.
(12) Fiscal covenants : A collateral provision restriction clause is attached.
(13) Underwriters : Mitsubishi UFJ Securities Co., Ltd. and Nikko Citigroup Limited (Japan) shall serve as the co-lead managing underwriters for this syndication.
(14) Place for application : Head offices and domestic branch offices of the underwriters.
(15) Fiscal, issuing and paying agent : The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(16) Book-entry transfer institution : Japan Securities Depository Center, Inc.
(17) Rating : "AA −" from Rating and Investment Information, Inc.; and
"Aa 3" from Moody's Investors Service, Inc.
2. Kirin Holdings Company Limited Series 2 Unsecured Pari Passu Bonds;
(1) Total amount of issue : 30 billion yen
(2) Denomination of each Bond : 100 million yen
(3) Application of the Law Concerning Book-Entry Transfer of Corporate Bonds, etc. : The Unsecured Pari Passu Bonds are subject to the application of provisions of the Law Concerning Book–Entry Transfer of Corporate Bonds, etc. (the "Law"). Pursuant to a provision of Article 67, Paragraph 1 of the Law, bond certificates shall not be issued for the Unsecured Pari Passu Bonds.
(4) Interest rate : 1.27% per annum
(5) Issue price : 99.96 yen per face value 100 yen
(6) Redemption price : 100 yen per face value 100 yen
(7) Term and
Redemption method
: 7 years
i. Maturity date : The principal of the Unsecured Pari Passu Bonds shall be redeemed in a lump sum on March 19, 2015.
ii. Retirement by purchase : The issuer may repurchase the Unsecured Pari Passu Bonds on or after the day after the payment date.
(8) Interest payment date : March 19 and September 19 of each year
(Initial interest payment date: September 19, 2008).
(9) Offering period : Wednesday, March 12, 2008
(10) Payment date : Wednesday, March 19, 2008
(11) Collateral and Guarantees : The Unsecured Pari Passu Bonds are neither secured by any collateral nor guaranteed, and there are no particular assets reserved for the payment of the Unsecured Pari Passu Bonds.
(12) Fiscal covenants : A collateral provision restriction clause is attached.
(13) Underwriter : Mitsubishi UFJ Securities Co., Ltd. shall serve as the lead managing underwriter for this syndication.
(14) Place for application : Head office and domestic branch offices of the underwriter.
(15) Fiscal, issuing and paying agent : The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(16) Book-entry transfer institution : Japan Securities Depository Center, Inc.
(17) Rating : "AA −" from Rating and Investment Information, Inc.; and
"Aa 3" from Moody's Investors Service, Inc.
3. Kirin Holdings Company Limited Series 3 Unsecured Pari Passu Bonds; and
(1) Total amount of issue : 70 billion yen
(2) Denomination of each Bond : 100 million yen
(3) Application of the Law Concerning Book-Entry Transfer of Corporate Bonds, etc. : The Unsecured Pari Passu Bonds are subject to the application of provisions of the Law Concerning Book–Entry Transfer of Corporate Bonds, etc. (the "Law"). Pursuant to a provision of Article 67, Paragraph 1 of the Law, bond certificates shall not be issued for the Unsecured Pari Passu Bonds.
(4) Interest rate : 1.69% per annum
(5) Issue price : 99.98 yen per face value 100 yen
(6) Redemption price : 100 yen per face value 100 yen
(7) Term and
Redemption method
: 10 years
i. Maturity date : The principal of the Unsecured Pari Passu Bonds shall be redeemed in a lump sum on March 19, 2018.
ii. Retirement by purchase : The issuer may repurchase the Unsecured Pari Passu Bonds on or after the day after the payment date.
(8) Interest payment date : March 19 and September 19 of each year
(Initial interest payment date: September 19, 2008).
(9) Offering period : Wednesday, March 12, 2008
(10) Payment date : Wednesday, March 19, 2008
(11) Collateral and Guarantees : The Unsecured Pari Passu Bonds are neither secured by any collateral nor guaranteed, and there are no particular assets reserved for the payment of the Unsecured Pari Passu Bonds.
(12) Fiscal covenants : A collateral provision restriction clause is attached.
(13) Underwriters : Mitsubishi UFJ Securities Co., Ltd., Nikko Citigroup Limited (Japan) and Nomura Securities Co., Ltd. shall serve as the co-lead managing underwriters for this syndication.
(14) Place for application : Head offices and domestic branch offices of the underwriters.
(15) Fiscal, issuing and paying agent : The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(16) Book-entry transfer institution : Japan Securities Depository Center, Inc.
(17) Rating : "AA −" from Rating and Investment Information, Inc.; and
"Aa 3" from Moody's Investors Service, Inc.
4. Kirin Holdings Company Limited Series 4 Unsecured Pari Passu Bonds;
(1) Total amount of issue : 20 billion yen
(2) Denomination of each Bond : 100 million yen
(3) Application of the Law Concerning Book-Entry Transfer of Corporate Bonds, etc. : The Unsecured Pari Passu Bonds are subject to the application of provisions of the Law Concerning Book–Entry Transfer of Corporate Bonds, etc. (the "Law"). Pursuant to a provision of Article 67, Paragraph 1 of the Law, bond certificates shall not be issued for the Unsecured Pari Passu Bonds.
(4) Interest rate : 1.86% per annum
(5) Issue price : 99.92 yen per face value 100 yen
(6) Redemption price : 100 yen per face value 100 yen
(7) Term and
Redemption method
: 12 years
i. Maturity date : The principal of the Unsecured Pari Passu Bonds shall be redeemed in a lump sum on March 19, 2020.
ii. Retirement by purchase : The issuer may repurchase the Unsecured Pari Passu Bonds on or after the day after the payment date.
(8) Interest payment date : March 19 and September 19 of each year
(Initial interest payment date: September 19, 2008).
(9) Offering period : Wednesday, March 12, 2008
(10) Payment date : Wednesday, March 19, 2008
(11) Collateral and Guarantees : The Unsecured Pari Passu Bonds are neither secured by any collateral nor guaranteed, and there are no particular assets reserved for the payment of the Unsecured Pari Passu Bonds.
(12) Fiscal covenants : A collateral provision restriction clause is attached.
(13) Underwriters : Mitsubishi UFJ Securities Co., Ltd., Daiwa Securities SMBC Co. Ltd. and UBS Securities Japan Ltd shall serve as the co-lead managing underwriters for this syndication.
(14) Place for application : Head offices and domestic branch offices of the underwriters.
(15) Fiscal, issuing and paying agent : The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(16) Book-entry transfer institution : Japan Securities Depository Center, Inc.
(17) Rating : "AA −" from Rating and Investment Information, Inc.; and
"Aa 3" from Moody's Investors Service, Inc.

End of Document

Note: This document is a press release intended for publicizing the issuance of the Kirin Holdings Company, Limited Series 1, Series 2, Series 3 and Series 4 Unsecured Straight Bonds (with inter-bond pari passu clause) and is not intended as a solicitation for investment or similar activity.

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