May 22, 2019

To whom it may concern
Company: Teijin Limited
Stock code: 3401 (First Section, Tokyo Stock Exchange)
Representative: Jun Suzuki, President and CEO
Contact: Tomoko Torii, General Manager,
Investor Relations Department
Tel: +81-3-3506-4395

Notice of Share Transfer Agreement Regarding Sale of our Consolidated Subsidiaries ofFilm Business (the Transfer of our Consolidated Subsidiaries)
Teijin Limited (“the Company”) has announced that we have decided to sell our entire stake in consolidated
subsidiaries of Teijin Film Solutions Limited (“TFS”) and P.T. Indonesia Teijin Film Solutions (“ITFS”), that
operate polyester film businesses in Japan and Indonesia respectively, to Toyobo Co., Ltd. (“Toyobo”) andsigned a share transfer agreement today.

1. About contents of transfer
The Teijin Group has taken various measures such as consolidating Japanese production bases in theUtsunomiya plant in 2016 in order to strengthen the competitiveness of the polyester film business. Inaddition, the Company had acquired the interests owned by E.I. du Pont de Nemours and Company(“DuPont”) in the joint ventures in Japan and Indonesia and converted those joint ventures into wholly owned
subsidiaries, in order to improve flexibility in the business operations and speed up the decision-making
processes. As a result, the polyester film profitability was improved to a certain level. However, this decision
was made considering further growth of TFS and ITFS and the optimal allocation of the Teijin Group'smanagement resources.
Toyobo positions the film business as a growth area and is promoting the expansion of the business. By
implementing this share acquisition, Toyobo thinks that the film business would grow significantly throughTFS's high development capabilities, the integration of a broad customer network and the strengthening ofproduction systems including ITFS. The Teijin Group will enhance the corporate value, strengthening thebasic earning power in our Growth Strategies and promoting the establishment of new core business in ourTransforming Strategies, in order to achieve our long-term vision of being “a company that supports thesociety of the future”, according to the medium-term management plan for 2017-2019 “ALWAYSEVOLVING”.

2. Summary of the transferred subsidiaries(1) TFS (Teijin Film Solutions Limited)(1) Name

Teijin Film Solutions Limited(2) Head office location

3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo(3) Name and title ofYoshihiro Nomi

resentativePresident and CEO(4) Description of business

Film production and sales(5) Share capital

10,010 million yen(6) Month of incorporation

January, 2000

(7) Shareholdings ratio

Teijin Limited 100.0%(8) Relationship between

Capital relationship

The Company holds 100% of the shares.

the Company and thisHuman relationship

The Company dispatch four directors.

company

Business relationship

The Company sells raw materials toTFS.

(9) Management performance and financial situation of this company in the last three years
Fiscal year

FYFYFY

ended 12/31/2016

ended 12/31/2017

ended 12/31/2018

Net assets (million yen)

7,697

7,272

8,363

Total assets (million yen)

19,46817,802

17,196

Net asset per share (thousand yen)

7,697

7,272

8,363

Sales (million yen)

28,96327,01026,095

Operating income (million yen)

120

190

1,377

Ordinary income (million yen)

(271)

(38)

1,195

Net income (million yen)

45(340)

1,093

Net income per share (thousand yen)

45(340)1,093(2) ITFS (P.T. Indonesia Teijin Film Solutions)(1) Name

P.T. Indonesia Teijin Film Solutions(2) Head office location

Jl. M.H. Thamrin, Kel. Panunggangan Kec. Pinang, Tangerang 15143
Banten, Indonesia(3) Name and title ofYuichi Hanawa

resentative

President Director(4) Description of business

Film production and sales(5) Share capital

77.4 million US $(6) Month of incorporation

March, 19962

(7) Shareholdings ratio

Teijin Limited 377, 990 shares (99.998%)
Teijin Film Solutions Limited 10 shares (0.002%)(8) Relationship between

Capital relationship

The Company and TFS hold 100% of

the Company and thiscompany

the shares.
Human relationship

The Company dispatch four directors.

Business relationship

There is no business relationship to bestated.

(9) Management performance and financial situation of this company in the last three years
Fiscal year

FY

FY

FY

ended 12/31/2016

ended 12/31/2017

ended 12/31/2018

Net assets (million US $)

1715

15

Total assets (million US $)

2222

23

Net asset per share (US $)

46

4040

Sales (million US $)

2020

25

Operating income (million US $)(2)(2)0Ordinary income (million US $)

(3)

(2)

0

Net income (million US $)

(3)

(2)

0

Net income per share (US $)

(9)

(6)

0

3. Summary of the counterparty to the share transfer
Toyobo Co., Ltd.
(1) Name(2) Location(3) Name and title of therepresentative

2-2-8 Dojima Hama, Kita-ku, Osaka

Seiji Narahara
President and COO
Film and functional polymers business, industrial materials(4) Description of businessbusiness, healthcare business, textiles and trading business(5) Share capital(as of March, 2019) 51,730 million yen(6) Year of incorporation
1914(7) Consolidated net assets (as of181,226 million yen
March, 2019)(8) Consolidated total assets (as of461,047 million yen
March, 2019)(9) Major shareholders andThe Master Trust Bank of Japan, Ltd. (Trust account) 7.73%
shareholding ratio
Japan Trustee Services Bank, Ltd.(Trust account) 6.00%(as of September 2018)(10) Relationship between theThere are no capital, personal or business relationships to beCompany and this company
stated.

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4. Number of transferred shares and ownership of the share before and after the transfer(1) Number of shares held before
the transufer

TFS: 1,000 shares (100.0%)
ITFS: 378,000 shares (100.0%) (including 10 shares ofTFS)
TFS: 1,000 shares (100.0%)(2) Number of shares transferred

ITFS: 378,000 shares (100.0%) (including 10 shares ofTFS)
The transfer price is planned to be approximately(3) Transfer price

10,000 million yen, but it will be determined after therequired adjustment on the transfer date.

(4) Number of shares held after

TFS: 0 shares (0.0%)

the transfer

ITFS: 0 shares (0.0%)

5. Schedule(1) Date of determination in the board ofApril 26, 2019

directors(*)(2) Date of contract conclusion

May 22, 2019(3) Date of equity transfer execution

October 1, 2019 (tentative)(*) At the Board of Directors meeting held on April 26, 2019, the Company determined proceedingwith negotiation on the transfer, delegating the autholity to sign the share transfer agreement topresident and CEO. And proceeded with negotiations with Toyobo. As a result of the confirmation
and agreement with Toyobo on the final terms and conditions of a transaction, the Company signed
the share transfer agreement on May 22, 2019 with the decision of president and CEO based on
the authorization of the above board of directors.

6. Impact on Financial Results

This matter will have a negligible impact on the consolidated full-term operating results forecasts forthe fiscal year ending March 31, 2020.

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