For Immediate Release

December 27, 2012

Company Name: Kurita Water Industries Ltd.
President and Representative Director: Toshiyuki Nakai
Securities Code: 6370, First Section of TSE and OSE
Contact: Hiroaki Mori
General Manager of Corporate Planning Department,
Corporate Planning Division(Tel. +81-3-6743-5336)

Kurita Water Industries Announces Dissolution of Business Alliance Agreementwith ITOCHU Corporation
Kurita Water Industries Ltd. announces that a meeting of its Board of Directors held on December 27, 2012resolved to dissolve the Company’s business alliance agreement with ITOCHU Corporation, effective March 31,
2013. Details are as follows:

1. Reason for Dissolution of Business Alliance Agreement
ITOCHU Corporation revealed its intention to sell its shareholding in the Company in the middle of December
2011. In response, the Company bought 7,448,000 shares of treasury stock (amounting to 5.61% of outstanding
shares when rounded to two decimal places) by way of a tender offer for the shareholding during the period from
November 1, 2012 to November 29, 2012. With the acquisition of these shares, the Company will dissolve its
business alliance agreement with ITOCHU Corporation.
Even after the termination of the agreement, the Company and ITOCHU Corporation intend to continue their
good relationships in areas including individual business transactions.
2. Type of Alliance Agreement to Be Dissolved
The alliance agreement to be cancelled is a comprehensive business alliance agreement in connection withpurchases and sales.

13. Profile of Business Alliance Partner(1) Name

ITOCHU Corporation(2) Address

5-1, Kita-Aoyama 2-chome, Minato-ku, Tokyo(3) Name and title of theMasahiro Okafuji, President and Chief Executive Officerrepresentative(4) Business activities

ITOCHU Corporation engages in a wide range of businesses, such as domestic
trading, import/export, and tripartite trading in the fields of textiles, machinery,metals, energy sources, chemicals, foods, housing life, information, insurance,logistics, construction and finance as well as business investment in Japan andoverseas.

(5) Capital stock

202,241 million yen(6) Date of establishment

December 1, 1949

(7)

Relationships

withtheCapital ties

Company

ITOCHU Corporation has no capital ties with the Company
requiring disclosure. Parties involved in and companies
affiliated with ITOCHU Corporation have no capital ties
requiring disclosure with counterparts involved in oraffiliated with the Company.

Personal ties

One of the Company’s Directors serves concurrently as an
ITOCHU Corporation employee.

Business ties

ITOCHU Corporation has no business ties with the Company
requiring disclosure. Parties involved in and companies
affiliated with ITOCHU Corporation also have no businessties

requiring disclosure with counterparts involved in oraffiliated with the Company.
Correspondence

ITOCHU Corporation is not a party related to the Company.

to a related

No party involved in and no company affiliated withparty

ITOCHU Corporation is a party related to the Company,either.

4. Schedule for Business Alliance Dissolution(1) Board of Directors Meeting

December 27, 2012

(2) Conclusion of agreement onDecember 27, 2012business alliance dissolution(3) Termination of business

March 31, 2013

alliance agreement
5. Outlook
The dissolution of the business alliance with ITOCHU Corporation will have no effect on the consolidated
operating results of the Company because the value of transactions related to the alliance are insignificant.

2