December 2, 2011
Company name: Nitta Gelatin Inc.
Representative: Norimichi Soga, Representative Director and President(Stock code: 4977)
Contact: Tsuneo Sasaki, Director and Managing Executive Officer,
General Manager of the General Affairs Division
Tel: +81-72-949-5381

Notice of Board of Directors Resolution Concerning the Amount toBe Paid In, and the Provisional Issuance Terms for Book-Building,on the Placement of Shares for Public Subscription
Nitta Gelatin Inc. today announced that at the Board of Directors meeting held onDecember 2, 2011, the Board of Directors approved a resolution concerning theamount to be paid in and some other conditions that were left undecided when
they met on November 15, 2011 to approve a resolution concerning the issuanceof new shares and disposal of treasury stock for subscription to the public, andother securities transactions of the Company, with details as follows.
Please note that the per-share price in this press release on the amount to bepaid in is different from the underwriting price to the underwriters, which may
diverge from the amount to be paid in. Furthermore, please note that this amountto be paid in is different from the subscription price and disposal price of theNitta Gelatin Inc. shares for public subscription, which will be determined at alater date using the book-building method of surveying demand in accordancewith a range of provisional issuance terms.
1. Issuance of New Shares for Public Subscription(1) Amount to Be Paid In¥425 per share(However, in the event that the underwriting price falls short of the amount to be paid in, thisissuance of new shares shall be canceled.)(2) Provisional issuance terms
From ¥500 to ¥570 per share2. Disposal of Treasury Stock Through Public Subscription(1) Amount to Be Paid In¥425 per share(However, in the event that the underwriting price falls short of the amount to be paid in, thisdisposal of treasury stock shall be canceled.)(2) Provisional issuance terms
From ¥500 to ¥570 per share
3. Issuance of New Shares for Third-Party Allotment
Amount to Be Paid In¥425 per share[Reference Information]
1. Outline of the Issuance of New Shares and Disposal of Treasury Stock for
Subscription to the Public, and Offer of Existing Shares(1) Number of Shares for Subscription and Offer to the Public
Number of Shares for Subscription to the Public
3,000,000 shares(Of which, the number of Nitta Gelatin treasury stock disposed for public offering is 219,000shares)

Number of Existing Shares on Offer
1) Existing Shares Offered Through Purchase and Sale by the Underwriter
628,000 shares
2) Existing Shares on Offer to Cover Over-allotments*
Up to 542,000 shares(2) Subscription Demand Survey Period
From Monday, December 5, 2011 to Friday, December 9, 2011(3) Pricing Date
Monday, December 12, 2011 (The subscription price and offer price shall be
determined at a price at or above the amount to be paid in for shares subscribedto the public, taking into account among other considerations the level ofsurveyed demand, based on a range of provisional issuance terms.)

(4) Subscription Period
From Tuesday, December 13, 2011 to Thursday, December 15, 2011(5) Due Date of Payment
Monday, December 19, 2011
(6) Delivery Date of Shares
Tuesday, December 20, 2011(7) Grounds to the Decision of Provisional Issuance Terms
The provisional issuance terms in this press release reflect the business content,
management performance and financial position of Nitta Gelatin Inc., ascompared to a listed company that is very similar in business content and manyother regards. The terms were decided in consideration of the input and demand
estimate from institutional investors regarded as adept at computing securities
prices, and based on a comprehensive evaluation of current stock market
conditions, the reception and evaluation of shares listed on the stock market
recently, and risks including price fluctuation until the listing date of Nitta
Gelatin Inc.’s shares.
* Existing Shares on Offer to Cover Over-allotments
SMBC Nikko Securities Inc., as lead manager of Nitta Gelatin’s issuance of newstock and disposal of treasury stock for subscription to the public, as well as theexisting shares offered through purchase and sale by the underwriter, may borrow
up to 542,000 shares of Nitta Gelatin common stock to cover over-allotments inthe subscription. This number of shares is the maximum number of shares to beoffered. The number of shares may decrease, or the offer of existing shares tocover over-allotments may be canceled altogether depending on the level ofdemand.
In the event common stock is borrowed and put on offer to coverover-allotments, Nitta Gelatin Inc. shall grant SMBC Nikko Securities Inc. theright (Green Shoe Option) to receive a third-party allotment of newly issued
shares, up to the maximum number of shares borrowed to cover over-allotments.
This Green Shoe Option may be exercised through Friday, January 13, 2012.
For the purpose of returning the borrowed shares, SMBC Nikko Securities Inc.
may conduct syndicate cover transactions, or the purchase of Nitta Gelatincommon stock on the Tokyo Stock Exchange, up to the maximum number ofshares it was authorized to borrow. Such syndicate cover transactions would beexecuted during the syndicate cover transaction period, beginning with the listing
and trading commencement date on Tuesday, December 20, 2011, and ending
Friday, January 13, 2012. Shares of Nitta Gelatin common stock purchased inthis way shall be used to return the borrowed shares. During the syndicate covertransaction period, SMBC Nikko Securities Inc. may at its own discretion decide
not to conduct syndicate cover transactions, or suspend the transactions before
the number of shares it is authorized to buy back reaches the maximum.
SMBC Nikko Securities Inc. plans to exercise its Green Shoe Option andreceive a third-party allotment of new shares amounting to its residual exposure
to borrowed shares after the syndicate cover transactions. Accordingly, SMBC
Nikko Securities Inc. may not subscribe to part or all of the third-party allocationof new Nitta Gelatin common stock it has the option of receiving. This may
result in a decrease in the final number of shares Nitta Gelatin issues forthird-party allotment, or in the cancellation of the entire issuance due toforfeiture.
In the event that SMBC Nikko Securities Inc. accepts the third-party allotmentof newly issued shares, SMBC Nikko Securities Inc. shall pay for it using theproceeds from the borrowed shares it offered to cover over-allotments in thepublic subscription.
On Monday, December 12, 2011, a decision will be made on whether or not toborrow shares to cover an over-allotment, as well as the number of borrowed
shares that will be placed on offer. In the event no coverage of over-allotments
takes place, SMBC Nikko Securities Inc. shall not borrow shares of Nitta Gelatincommon stock from the Stock Lender. Accordingly, there would be nothird-party allotment of new shares, as SMBC Nikko Securities Inc. would forfeit
its Green Shoe Option. There would also be no syndicate cover transactions on
the Tokyo Stock Exchange.

*This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of newshares for public subscription, disposal of treasury stock, and offer of existing shares, and was
not prepared for the purpose of soliciting investment. When making an investment decision,please refer to the “Registered Prospectus on the Issuance of New Shares, Disposal of Treasury
Stock and Offer of Existing Shares (along with errata)” prepared by the Company. All
investment decisions should be made solely at the discretion of the investor.