For immediate release

December 7, 2011
LIXIL Corporation
Permasteelisa S.p.A.

LIXIL completes Permasteelisa acquisition
A major step towards LIXIL’s expansion in the global market

Tokyo, December 7, 2011 – LIXIL Corporation (Tokyo, Japan), Japan’s comprehensive
manufacture of building materials and housing equipment, acquired yesterday for
approximately 575 million euro all shares in Permasteelisa S.p.A. (Vittorio Veneto, Italy), a
global manufacturer of curtain walls. Shares were acquired from Cima Claddings S.A., a firm
indirectly controlled by European private equity firms Investindustrial and Alpha.
Permasteelisa has become a wholly-owned subsidiary of LIXIL. Mr. Nicola Greco, CEO of
Permasteelisa, will continue to hold the same position and will be responsible for all of
LIXIL’s curtain wall business.

Permasteelisa Group operates globally in 27 countries, in regions that include Europe, Asia,
North America and Middle East. Permasteelisa provides clients with full-range support fromdesign development phases all the way to the successful completion of projects. In
particular, it has established a solid status in the high-end curtain wall market.

LIXIL, by welcoming Permasteelisa, will not only aim to further strengthen LIXIL’s businessin Asia and secure European and American markets, but will also move towards businessdeployment with a vision for a global market. Furthermore, LIXIL will provide customized
merchandise and services of all grades from low to high-end based on a scale ranging frommiddle and high-rise buildings to skyscrapers. In addition, increase in sales of building
business is anticipated due to the synergy created from LIXIL’s sashes, toilets and interior
furnishing materials and Permasteelisa’s curtain wall. With these developments, the target isCopyright(C) LIXIL Corporation. All rights reserved.

to achieve total sales of approximately 300 billion yen in all building businesses including
curtain walls by 2015.

President Toshimasa Iue of LIXIL’s Global Business Company in charge of the group’s
overseas business states that “with Permasteelisa joining LIXIL, we will have in place aplatform for global business. We will gain a brand with history and proven success called“Permasteelisa Group” which holds other prestigious brands such as “Gartner”, enter theskyscraper and high-end segment, and strengthen design, production technology andproduct development capability. Furthermore, we will be gaining more opportunities to beinvolved in major projects worldwide. Also, in addition to the synergy with Permasteelisa’s
key curtain wall business, the potential synergy with the interior business which
Permasteelisa is strengthening recently is extraordinary. This is not only a huge step
towards LIXIL’s mid-term business goal for 2015 of achieving overseas sales of 1 trillion yen,
but it also enables sustainable growth for the future. The mutual complementation of eachcompany and integration of functions will generate big opportunities as a new businessmodel. I am convinced that LIXIL will become a true global player and a solution provider
offering what people from all over the world need.”

CEO Mr. Nicola Greco of Permasteelisa comments that “efficiency in supply chains will befurther progressed by joining LIXIL; together, we will be able to expand sales including new
merchandise and products by making effective use of Permasteelisa’s broad presence inthe market. We are looking forward to challenging big targets together with LIXIL, especiallyby working on further business expansion in Asia, America, and Europe.”

Acquisition summary

Acquiring company: LIXIL CorporationPermasteelisa S.p.A.’s shares (25,613,544) was fully owned by Cima Claddings S. A.
(A group company owned by the private equity firms Investindustrial and Alpha, andAndimahia)

Acquisition amount: 574,868,402.77 euro

About LIXIL
JS Group is listed as a holding company and is a group which holds 12 formerly listed
subsidiaries. The group’s consolidated sales in fiscal year 2010 were 1.2 trillion yen. LIXIL, aCopyright(C) LIXIL Corporation. All rights reserved.

consortium of businesses related to building materials, is the core company of a groupformed by eight of the formerly listed companies. The company started on April 1, 2011
under current structure and name. Furthermore, JS Group has been carrying out several
important acquisitions and alliances in order to accelerate its overseas business. These
companies all became subsidiaries of LIXIL. Acquisition of American Standard Asia Pacific(2009) and Shanghai Meite Curtain Wall System (2011) and strategic alliances with South
Korea’s LG (2010) and China’s Haier (2011) are notable examples.

LIXIL is Japan’s biggest housing and building materials company with top share in eight
different categories currently lead by President Yoshiaki Fujimori. Those include approx.
55% share in exteriors, approx. 50% share in housing sashes/doors, approx. 50% in curtain
walls and approx. 40% in sanitary wares. LIXIL also is a top brand in tiles, washstandcabinet units, bathroom units and kitchen units. LIXIL, through the integration, now has avast and unique business portfolio. The merger resulted in the establishment of a company
with about 60,000 employees (as of April 1) with total sales of 1 trillion yen. It is now affiliatedwith a multitude of subsidiaries in charge of sales, manufacturing, maintenance and otherservices including 17 sites overseas.

LIXIL has been participating in various global design events proving the quality and global
competitiveness of its products. Especially in Italy, LIXIL participated in Milano Salone 2011
and also participated in Cersaie for the eighth consecutive year.

Note:Brands owned by LIXIL operating in each market are brands such as LIXIL, TOSTEM, INAX,TOEX, SHiNNiKKEi, SUNWAVE, American Standard (Asia Pacific), Shanghai Meitei

About Permasteelisa
Permasteelisa Group is a worldwide leading Contractor in the engineering, project
management, manufacturing and installation of architectural envelopes and interior systems
with more than 38 years of international success. The Group possesses almost 50
companies in 27 countries and 13 production plants. The Group brings its know-how andexpertise to all projects, in particular when dealing with Special Features Buildings,
beginning with the design development phases all the way to the successful completion,achieving the customer's expectations. With over 5,500 employees present at fourcontinents, the Group yearly generates a total turnover in excess of €1 billion.

Copyright(C) LIXIL Corporation. All rights reserved.

Financial and Legal Advisers
Nomura Securities Co. Ltd. and Nomura International Plc acted as financial advisers to JS
Group. Clifford Chance acted as legal adviser to JS Group.
Credit Suisse Securities (Europe) Limited and Mediobanca – Banca di Credito Finanziario
S.p.A. acted as financial advisers to Investindustrial and Alpha. Cleary Gottlieb Steen &Hamilton LLP acted as legal adviser to Investindustrial and Alpha.

Contact:
Global Public Relations Section, LIXIL Corporation
Mail to: global-pr@lixil.co.jp

Copyright(C) LIXIL Corporation. All rights reserved.