This document is a translation of excerpts from the Japanese original and is provided for reference
purposes only. In the event of any discrepancy between this translation and the Japanese original, theoriginal shall prevail. The Company assumes no responsibility for the accuracy of this translation and is
not liable for any direct, indirect or other form of damages arising therefrom.

Securities code: 4043
June 27, 2016

Dear Shareholders:
Hiroshi Yokota
Representative Director
Tokuyama Corporation
1-1 Mikage-cho, Shunan-shi, Yamaguchi

Voting Results for the 152nd Ordinary General Meeting of Shareholders
1. Date of the General Meeting of Shareholders:June 24, 2016

2. Matters resolved:
Proposal No. 1: Reduction of Capital Stock, Legal Capital Surplus, and Legal Retained Earnings
Proposal No. 2: Appropriation of Surplus
Proposal No. 3: Partial Amendments to the Articles of Incorporation
Proposal No. 4: Issuance of Class A Shares by Third-party Allotment
Proposal No. 5: Election of Nine (9) Directors
Proposal No. 6: Election of the Accounting Auditor

3. The number of votes of approval, disapproval or abstention, requirements for adoption, andresolution
Matters resolvedApproval

Disapproval

Abstention

Approval rate

Resolution

Proposal No. 1

235,4281,320

199.44%

Approved

Proposal No. 2

235,0491,701

199.28%

Approved

Proposal No. 3

233,899

2,845

198.80%Approved

Proposal No. 4

233,7522,996

198.73%

Approved

Masao Kusunoki

220,645

16,075193.20%Approved

Hiroshi Yokota

220,979

15,741

193.34%

Approved

Takeshi Nakahara

233,855

2,865

198.78%

Approved

Hideki Adachi

233,779

2,941

198.74%

Approved

Akihiro Hamada

233,767

2,953

198.74%

Approved

Proposal No. 51Akio Fujiwara

214,255

22,464190.50%Approved

Takeru Ishibashi

217,489

19,230191.86%

Approved

Toshihide Mizuno

231,693

5,026

197.86%

Approved

Hiroshi Akao

218,573

18,146

192.32%

Approved

Proposal No. 6

235,303

1,190

249

99.39%

Approved

Note 1. Requirement for approval of Proposal No.1, No.3 and No. 4 is as follows:
Attendance of shareholders who hold at least one-third of voting rights of the shareholders entitled toexercise voting rights, and approval by two-thirds or more of the voting rights of such shareholders
present at the Meeting.
Note 2. Requirement for approval of Proposal No.2 and No.6 is as follows:
Approval by a majority of the voting rights of the shareholders entitled to exercise voting rights who arepresent at the Meeting.
Note 3. Requirement for approval of Proposal No.5 is as follows:
Attendance of shareholders who hold at least one-third of voting rights of the shareholders entitled toexercise voting rights, and approval by a majority of the voting rights of such shareholders present at theMeeting.

4. The reason why a portion of the voting rights of shareholders who attended the Meeting was notincluded in the number of voting rights

By taking into account the number of voting rights exercised on or before the day before the Meetingand the number of voting rights of some shareholders present at the Meeting whose intention ofapproval or disapproval was confirmed, the resolutions were legally made in accordance with theCompanies Act of Japan. Therefore, the number of voting rights of other shareholders present at theMeeting whose intention of approval, disapproval or abstention was not confirmed was not includedin the calculation.

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