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April 28, 2008

Outline of the business integration of Kyowa Hakko Foods and Kirin Food-Tech

1. Outline of new company (continuing company following the merger)

Name: Kirin Kyowa Foods Company, Limited
Location: To be decided
Representative: Soichiro Katsura (currently President of Kirin Food-Tech),
President and Representative Director (planned)

2. Outline of Kyowa Hakko Foods Specialties Co., Ltd.

Name: Kyowa Hakko Foods Specialties Co., Ltd.
Location: 1-6-1 Ohtemachi, Chiyoda-ku, Tokyo
Representative: Takeyuki Yoshida, President and Representative Director
Sales: ¥43.3 billion (year to March 31, 2008; consolidated)
Capital: ¥3.0 billion(as of March 31, 2008)
Main shareholders: Kyowa Hakko Kogyo Co., Ltd. (Holding: 100%)
Established: April 1, 2005
No. of employees: 586 (as of March 31, 2008; consolidated)
Business: Manufacture and sale of seasonings, bakery products and bread ingredients
Main products: Extract natural seasonings, amino-acid natural seasonings, fermented seasonings, umami seasonings, Chinese food sauces, Daiya yeast, Golden Arrow, egg soup

3. Outline of Kirin Food-Tech Company, Limited

Name: Kirin Food-Tech Company, Limited
Location: Shinkawa 1-17-24, Chuo-ku, Tokyo
Representative: Soichiro Katsura, President and Representative Director
Sales: ¥27.2 billion (year to December 2007)
Capital: ¥5.0 billion (as of December 31, 2007)
Main shareholders: Kirin Holdings Company, Limited (Holding:100%)
Established: April 1, 2002 (Changed its name from Takeda-Kirin foods Corp. in April 2007)
No. of employees: 261 (as of December 31, 2007)
Business: Manufacture and sale of seasonings for processed foods, commercial use and home use, and other food additives
Main products: Ribotide, brewer's yeast extract, Curdlan, Inoichiban, Sunett

4. Outline of Kyowa Hakko Kogyo Co., Ltd. (consolidated)

Sales: ¥392.1 billion (year to March 2008; consolidated)
Net income: ¥23.4 billion (year to March 2008; consolidated)
Capital: ¥26.7 billion (as of March 31, 2008)
No. of employees: 6,073 (as of March 31, 2008; consolidated)
Business: Sale and manufacture of prescription pharmaceuticals, pharmaceutical and industrial raw materials, healthcare products, petrochemicals, food ingredients, etc.

5. Outline of Kirin Group (consolidated)

Sales: ¥1,801.1 billion (year ended December 2007; consolidated)
Net income: ¥66.7 billion (year ended December 2007; consolidated)
Capital: ¥102.0 billion (as of December 31, 2007)
No. of employees: 27,543 (as of December 31, 2007; consolidated)
Business: Sale and manufacture of alcohol beverages, soft drinks, pharmaceuticals, health and functional foods, etc.

6. Future Organizational framework

On April 1, 2009 Kyowa Hakko Foods and Kirin Food-Tech will merge, with Kyowa Hakko Foods as the continuing company. Until the end of 2010 the merged company will be managed as a joint venture by Kyowa Hakko and Kirin Holdings. On January 1, 2011 Kirin Holdings will acquire Kyowa Hakko's entire shareholding in the new company and the new company will become a wholly owned subsidiary of Kirin Holdings. (The merger ratio is to be decided based on calculation of the value of the two companies.)

Organizational structure (from October 1, 2008)

Organizational structure (from January 1, 2011)

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© 2007 Kirin Holdings Company, Limited.

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