July 10, 2013
Company name: Nitta Gelatin Inc.
Representative: Norimichi Soga, Representative Director and President(Stock code: 4977; First Section of Tokyo Stock Exchange)
Contact: Tsuneo Sasaki, Director and Senior Managing Executive Officer,
General Manager of the General Administration Division
Tel: +81-72-949-5381

Notice of Issuance of New Shares and Offer of Existing Shares
Nitta Gelatin Inc. has announced that at a Board of Director’s meeting held on July 10, 2013 theCompany passed a resolution regarding the issuance of new shares and the offer of existing shares,
with details as follows.
Purpose of Fund Procurement
The Nitta Gelatin Group is globally developing the Collagen Material business and the Formula
Solution business.
In the Collagen Material business, the Group is engaged in the integrated manufacturing and saleof collagen materials ranging from ingredients to final products. These materials include gelatin,
collagen peptide, collagen casings, and collagen, and are used in a host of applications including
food, pharmaceuticals, and industrial materials. In the Formula Solution business, the Group
manufactures and sells a range of high-value-added products, including food materials such asedible gelling agents and food stabilizers and quality enhancers; adhesives such as hot-meltadhesives and animal glues; and sealants (high-performance gaskets).
Looking at the recent operating environment, overseas markets for the Group’s products havebeen expanding atop economic development and population growth in emerging countries. Notably,in the Asian region, the Group’s home market, the Westernization of diets and diversification of
dietary lifestyles are proceeding at a rapid pace in step with improving income levels driven by
economic growth in China, India and other countries. As a result, demand has been increasing for
the Group’s products in the processed food, health food and pharmaceuticals markets, and theGroup has determined that these trends present an opportunity for expanding sales. On the other
hand, the Japanese market is maturing and is being reshaped by changes in dietary lifestyles and theconsumption mix as Japan’s society ages with fewer children. In this context and with thediversification of consumer needs, the Group has determined that the Japanese market offers
opportunities for new applications of the Group’s products and for the creation of new markets.
This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 1 -In light of this operating environment and the upcoming 100 th anniversary of its founding in
2018, Nitta Gelatin decided to formulate a new management vision, 100th Year Vision, and a
medium-term management plan based on it. The slogan for Nitta Gelatin's 100th Year Vision is to"Amaze the World!" Under this slogan, the Company's basic strategy is to “Win out!! in growing
Asian market”. The Company aims to rapidly develop products and services that are one step aheadof customer expectations, develop new products and cultivate new markets in order to expand
earnings. This should help raise the Company's corporate value and ensure it can continue
contributing to society for many years to come. For details on the medium-term management plan,
please see the press release titled “Nitta Gelatin Announces Medium-term Management Plan”
issued on May 10, 2013.
The specific business strategies for each segment under the medium-term management plan are
as follows:
I. Collagen Material Business(1) Bolster the gelatin business’ global competitiveness and increase supply capabilities(2) Expand the peptide business globally(3) Expand the casing business(4) Develop the life science business
II. Formula Solution Business(1) Expand business by providing food solutions in the food material business(2) Transform the adhesive business into a high-profit business
The purpose of this fund procurement is to raise funds for the capital investment needed to increase
the supply capabilities for gelatin, collagen peptide, and collagen casing in the Collagen Material
business and to transform the adhesives business into a high-profit business in the Formula Solution
business. At the same time, by increasing equity capital, the Group seeks to establish a financialbase that can properly and flexibly address future business expansion and growth opportunities,
while expanding its investment capacity.
1. Issuance of New Shares for Public Subscription (Public Subscription)(1) Class and Number of Shares for Public Subscription:
2,400,000 shares of Nitta Gelatin common stock(2) Amount to Be Paid In:
To be determined on any day from Monday, July 22, 2013 to Thursday, July 25, 2013
(hereinafter, “the Subscription Price Determination Date”) in accordance with the method
stipulated by Article 25 of the “Regulations Concerning Underwriting, etc. of Securities”
established by the Japan Securities Dealers Association.
This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 2 -(3) Matters Concerning the Amount of Increase in Capital and Capital Reserves:
In conjunction with the issuance, capital shall be increased by half of the maximum for increasein capital, as calculated in accordance with the provisions of Article 14, Paragraph 1 of theRules of Account Settlement of Corporations of Japan. Any fraction less than one yen resulting
from the calculation shall be rounded up to the nearest one yen. The amount of increase incapital reserve shall be the amount calculated by subtracting the aforementioned increase incapital from the maximum for increase in capital.
(4) Subscription Method:A group of underwriters led by lead manager SMBC Nikko Securities Inc. (hereinafter, “theUnderwriters”) shall purchase all new shares Nitta Gelatin issues and underwrite them forsubscription to the public. The subscription price for the public subscription (public
subscription price) shall be determined on the Subscription Price Determination Date, taking
into consideration the level of demand and based on the provisional condition of the pricedetermined by multiplying the closing price of Nitta Gelatin common stock on the Tokyo Stock
Exchange, Inc. on the Subscription Price Determination Date (when there is no closing price on
this date, the closing price on the earliest preceding date) by a factor of 0.90-1.00 (rounding
down any fractions less than 1 yen) in accordance with the method stipulated by Article 25 of
the “Regulations Concerning Underwriting, etc. of Securities” established by the Japan
Securities Dealers Association.
(5) Consideration for Underwriters:
Nitta Gelatin shall pay no underwriting commission to the Underwriters. In lieu of suchcommission, the gross amount of difference between the subscription price (Subscription Price)at which the new shares are subscribed to the public and the underwriting price (the amount tobe paid in by the Underwriters) shall constitute proceeds to the Underwriters.
(6) Subscription Period:
Two business days after the first business day following the Subscription Price Determination
Date(7) Due Date of Payment:
Any day from Monday, July 29, 2013 to Thursday, August 1, 2013. However, the day shall befive business days after the Subscription Price Determination Date.
(8) Delivery Date of Shares:
The business day following the abovementioned Due Date of Payment.
(9) Subscription Unit: 100 shares(10) Advance on Subscription: The same amount as the subscription price per share.
(11) The amount to be paid in, the amount of increase in capital and capital reserves, thesubscription price (public subscription price) and all other matters concerning the issuance of
new shares for public subscription shall be determined at the discretion of Mr. Norimichi Soga,
This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 3 -Representative Director and President of Nitta Gelatin.
(12) All the items above shall be subject to the effectiveness of registration under the Financial
Instruments and Exchange Act of Japan.
2. Offer of Existing Shares (Existing Shares on Offer to Cover Over-allotments)(See “Reference 1.” on page 6.)(1) Class and Number of Existing Shares on Offer:
Up to 360,000 shares of Nitta Gelatin common stockThis number of shares will be the maximum number of existing shares on offer to coverover-allotments. The number may decrease, or the existing shares on offer to cover overallotments may be canceled depending on the level of demand. The number of existing shareson offer to cover over-allotments shall be determined on Subscription Price Determination Date,taking into account the level of demand.
(2) Offer Underwriter: SMBC Nikko Securities Inc.
(3) Offer Price
Not determined. (To be determined on the Subscription Price Determination Date. The offer
price shall be the same as the subscription price (public subscription price).
(4) Offering Method
SMBC Nikko Securities Inc., as lead manager for the public subscription, will offer the existing
shares of Nitta Gelatin common stock that it borrows from IBP Co., Ltd., a shareholder of theCompany (the Stock Lender), at the offer price (subscription price), taking into account thelevel of demand for the public subscription.
(5) Subscription Period: Same as the subscription period for the public subscription.
(6) Delivery Date of Shares: Same as the delivery date for the public subscription.
(7) Subscription Unit: 100 shares(8) The offer price and all other matters necessary to this offering of existing shares shall be
determined at the discretion of Mr. Norimichi Soga, Representative Director and President of
Nitta Gelatin.
(9) All the items above shall be subject to the effectiveness of registration under the Financial
Instruments and Exchange Act of Japan.
3. Issuance of New Shares for Third-Party Allotment (the “Third-Party Allotment”) (See
“Reference 1.” on page 6.)(1) Class and Number of Shares for Issue: 360,000 shares of Nitta Gelatin common stock(2) Amount to Be Paid In: Same as the amount to be paid in for the public subscription.
(3) Matters Concerning the Amount of Increase in Capital and Capital Reserves:
In conjunction with the issuance of new shares for third-party allotment, capital shall beThis document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 4 -increased by half of the maximum for increase in capital, as calculated in accordance with theprovisions of Article 14, Paragraph 1 of the Rules of Account Settlement of Corporations ofJapan. Any fraction less than one yen resulting from the calculation shall be rounded up to thenearest one yen. The amount of increase in capital reserve shall be the amount calculated bysubtracting the aforementioned increase in capital from the maximum for increase in capital.
(4) Number of Shares and Recipient of the Allotment: SMBC Nikko Securities Inc. 360,000 shares(5) Subscription Date:
Any day from Tuesday, August 27, 2013 to Friday, August 30, 2013. However, the subscription
date shall be two business days after the thirtieth day from the day following the last day of thesubscription period for the public subscription and the offering of existing shares to cover overallotments (when the thirtieth day is not a business day then the previous business day).
(6) Due Date of Payment:
Any day from August Wednesday, 28, 2013 to Monday, September 2, 2013. However, the due
date of payment shall be three business days after the thirtieth day from the day following thelast day of the subscription period for the public subscription and the offering of existing shares
to cover over-allotments (when the thirtieth day is not a business day then the previous businessday).
(7) Subscription Unit: 100 shares(8) The amount to be paid in, the amount of increase in capital and capital reserves, and all othermatters concerning the issuance of new shares for third-party allotment shall be determined at
the discretion of Mr. Norimichi Soga, Representative Director and President of Nitta Gelatin.
(9) Shares SMBC Nikko Securities Inc. forfeits from subscribing by the subscription date in theabove (5).
(10) All the items above shall be subject to the effectiveness of registration under the Financial
Instruments and Exchange Act of Japan.

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

- 5 -Reference
1. Existing Shares on Offer to Cover Over-allotments
After considering the level of demand, SMBC Nikko Securities Inc., as lead manager of the public
subscription, may borrow up to 360,000 shares of Nitta Gelatin common stock to cover overallotments in the subscription. This number of shares is the maximum shares to be offered. The
number of shares may decrease, or the offer of existing shares to cover over-allotments may becanceled altogether depending on the level of demand.
In the event common stock is borrowed and put on offer to cover over-allotments, Nitta Gelatin
Inc. shall grant SMBC Nikko Securities Inc. the right (Green Shoe Option) to receive the thirdparty allotment of newly issued shares, up to the maximum number of shares borrowed to coverover-allotments. This Green Shoe Option may be exercised through the thirtieth day from the day
following the last day of the subscription period for the public subscription and the offering ofexisting shares to cover over-allotments (when the thirtieth day is not a business day then theprevious business day).
For the purpose of returning the borrowed shares, SMBC Nikko Securities Inc. may conductsyndicate cover transactions, or the purchase of Nitta Gelatin common stock on the Tokyo Stock
Exchange, up to the maximum number of shares it was authorized to borrow. Such syndicate covertransactions would be executed during the syndicate cover transaction period*, beginning with the
day following the last day of the subscription period for the public subscription and the offering ofexisting shares to cover over-allotments, and ending on the last day that the Green Shoe Option
may be exercised. During the syndicate cover transaction period, SMBC Nikko Securities Inc.
may at its own discretion decide not to conduct syndicate cover transactions, or suspend thetransactions before the number of shares it is authorized to buy back reaches the maximum.
Furthermore, SMBC Nikko Securities Inc. may conduct stabilization transactions with respect toNitta Gelatin common stock during the subscription period for the public subscription and theoffering of existing shares to cover over-allotments. SMBC Nikko Securities Inc. may use all orpart of the shares of Nitta Gelatin common stock purchased through these stabilizationtransactions to return the borrowed shares.
SMBC Nikko Securities Inc. plans to exercise its Green Shoe Option and receive the third-party
allotment of new shares amounting to its residual exposure to borrowed shares after deducting thenumber of shares purchased through syndicate cover transactions and the relevant number ofshares in the event that all or part of the shares of Nitta Gelatin common stock purchased throughstabilization transactions are used to return borrowed shares, from the number of shares offered tocover over-allotments. Accordingly, SMBC Nikko Securities Inc. may not subscribe to part or allof the third-party allocation of 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 for third-party allotment,This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 6 -or in the cancellation of the entire issuance due to forfeiture.
In the event that SMBC Nikko Securities Inc. receives the third-party allotment of new shares,
SMBC Nikko Securities Inc. shall pay for it using the proceeds from the borrowed shares it
offered to cover over-allotments in the public subscription.
On the Subscription Price Determination Date, 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 beplaced on offer. In the event no coverage of over-allotments takes place, SMBC Nikko Securities
Inc. shall not borrow shares of Nitta Gelatin common stock from the Stock Lender. Accordingly,
there would be no third-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.
* The syndicate cover transaction period shall be as follows:(1) From Thursday, July 25, 2013 to Friday, August 23, 2013, if the Subscription Price
Determination Date falls on Monday, July 22, 2013
(2) From Friday, July 26, 2013 to Friday, August 23, 2013, if the Subscription Price
Determination Date falls on Tuesday, July 23, 2013
(3) From Saturday, July 27, 2013 to Friday, August 23, 2013, if the Subscription Price
Determination Date falls on Wednesday, July 24, 2013
(4) From Tuesday, July 30, 2013 to Wednesday, August 28, 2013, if the Subscription Price
Determination Date falls on Thursday, July 25, 2013
2. Change in the total number of issued shares as a result of the issuance of new shares
Total number of issued shares at present: 15,770,074 shares (As of June 30, 2013)
Increase in number of shares via public subscription: 2,400,000 shares
Total number of issued shares after public subscription: 18,170,074 shares
Increase in number of shares via the third-party allotment: 360,000 shares*
Total number of issued shares after the third-party allotment: 18,530,074 shares** Number of shares in the event that SMBC Nikko Securities Inc. subscribes to all of the numberof allotted shares in the foregoing section “3. Issuance of New Shares for Third-Party Allotment”
and all of the allotted shares are issued.
3. Use of proceeds from fund procurement(1) Use of proceeds from current fund procurement
Nitta Gelatin is estimating total proceeds of up to 3,361,879,400 yen, comprising proceeds of
2,922,631,000 yen from the public subscription and proceeds of up to 439,248,400 yen throughthe third-party allotment of new shares to be approved at the Board of Directors meeting held
This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 7 -on the same day as the public subscription. Of this amount, the Company has allocated1,402,000,000 yen for use from April 2013 to March 2015 to fund capital investment at Nitta
Gelatin’s Osaka Plant (552,000,000 yen for gelatin production facilities and 850,000,000 yen
for construction of an adhesives office and new laboratory, etc.). The Company has also
allocated 1,797,753,000 yen for use by March 2015 to fund investment and loans to Nitta
Gelatin’s consolidated subsidiaries. Any remaining amount is scheduled to be allocated for use
by March 2014 to fund the repayment of short-term loans payable.
In regard to the use of funds by the recipients of investment and loans, the Company plans toallocate 1,347,753,000 yen for use by March 2014 for collagen peptide production facilities at
Nitta Gelatin USA, Inc. and 450,000,000 yen for use by March 2015 for collagen casing
production facilities at Nitta Casings Inc.
The Company’s policy is to invest the proceeds in highly secure financial instruments andsimilar investments until the scheduled period of allocation.
The capital investment plans of the Company and its consolidated subsidiaries as of July 10,2013 (however, the portions of the planned investment amount that have already been paid are
as of May 31, 2013) are as follows:

Company
andbusiness
site

Nitta
Gelatin
Osaka
Plant

Nitta
Gelatin
USA, Inc.
North
Carolina
Plant
Nitta
Casings
Inc.
New
JerseyPlant

Location

Segment

Planned investment
amountFundAmounts
Facility
procurement
Total
already
description
method(Thousandpaidyen)(Thousandyen)

CollagenMaterial
business

Gelatinproduction
facilities

552,000- increase

FormulaSolutionbusiness

Constructadhesives
office andlaboratory,
upgradeproduction
facilities

850,000- increase

North
Carolina,
U.S.A.

CollagenMaterial
business

Collagen
peptideproduction
facilities

1,540,000

New
Jersey,U.S.A.

CollagenMaterial
business

Collagencasingproduction
facilities

470,000

Yao city,
Osaka

CapitalCapitalCapitalincrease,
192,247 own funds,
andborrowings

20,000Capitalincrease

Planned start andcompletion

Start

Increasedcapacity after
Completion completion

April 2013

March
2015

Maintainproduction andimprove quality

August
2013

March
2015

-

September
2012

March
2014

Production
volume 1,000
tons/year

April 2013

March
2015

Improveproductivity
and quality* Monetary amounts do not include consumption tax.
This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 8 -(2) Use of proceeds from previous capital increase
No change.
(3) Effect on business results
The Company believes that this public subscription and third-party allotment will help toenhance the Nitta Gelatin Group’s profitability and to improve its financial position over the
medium and long terms.
4. Profit Distribution to Shareholders and Other Matters(1) Basic policy concerning profit distribution
The Company’s basic profit distribution policy is to secure necessary internal reserves for
future business development and enhancing the operating structure, while maintaining thepayment of a stable dividend. Furthermore, the Company will issue dividends twice every
fiscal year, with the interim dividend and the year-end dividend to be approved by the Board of
Directors and the annual general meeting of shareholders, respectively.
In regard to the use of internal reserve funds, the Company intends to enhance its costcompetitiveness even more than before, strengthen its framework for developing technologies
and products that answer market needs, and make effective investments in developing its global
strategy, with a view to staying on top of anticipated changes in the business environment.
Nitta Gelatin has established a provision in its Articles of Incorporation to the effect that theCompany may issue an interim dividend as stipulated by Article 454, Paragraph 5 of theCompanies Act.
(2) Approach to determining dividends
Same as described in the above “(1) Basic policy concerning profit distribution”(3) Use of internal reserve funds
Same as described in the above “(1) Basic policy concerning profit distribution”(4) Dividends for the past three fiscal years

Consolidate net income per share

Annual dividend per share(Interim dividend per share)

Actual consolidated dividend
payout ratio

Fiscal year ended
March 2011¥80.19Common stock¥7.50(¥3.75)Class A preferredstock¥22.56(¥22.56)
4.7%

Fiscal year ended
March 2012¥99.87

Common stock

Fiscal year ended
March 2013¥99.30Common stock¥10.00(¥2.00)¥14.00(¥6.00)

10.0%

14.1%

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

- 9 -Consolidated return on equity
Ratio of dividend to consolidated
net assets

17.4%

19.4%

17.5%

0.9%

2.1%

2.5%

(Notes)1. The actual consolidated dividend payout ratio is calculated by dividing the annual dividend per shareby consolidated net income per share.
2. Consolidated return on equity is calculated by dividing consolidated net income by equity capital (theaverage balance of consolidated net assets less minority interests at the beginning and end of the year).
3. The ratio of dividend to consolidated net assets is calculated by dividing the annual dividend per shareby consolidated net assets per share (average of the balance at the beginning and end of the year)

5. Other(1) Designation of recipients of profit distributions
Not applicable.
(2) Information on dilution by latent shares
Not applicable.
(3) Status of equity finance conducted in the past three years and other matters
1) Status of equity finance
Date
December 19, 2011

January 18, 2012

Amount of capitalincrease
Non-gratis public
subscription¥1,286,212 thousand
Non-gratis third-party
allotment¥118,030 thousand

Capital after capitalincrease

Capital reserves after
capital increase¥1,518,106 thousand¥1,320,848 thousand¥1,577,121 thousand¥1,379,863 thousand

2) Recent share price and share price for the past three fiscal years

Opening priceHigh
Low
Closing pricePrice-to-earnings
ratio

Fiscal year ended
March 2011¥¥¥¥-

Fiscal year ended
March 2012
¥462
¥535
¥405
¥508

Fiscal year ended
March 2013
¥506
¥1,387¥483¥1,287

Fiscal year ending
March 2014
¥1,231¥1,820¥1,007¥1,359- times

5.09 times

12.96 times- times(Notes)1. Nitta Gelatin’s shares were listed on the Second Section of the Tokyo Stock Exchange on December
20, 2011. Accordingly, the stock price and price-to-earnings ratio before this date are not shown.
2. The stock price for the fiscal year ending March 2014 represents the stock price on Tuesday, July 9,This document is intended as a press release to publicize Nitta Gelatin Inc.’s issuance of new shares for public subscription and offer
of existing shares, and was not prepared for the purpose of soliciting investment. When making an investment decision, please referto the “Registered Prospectus on the Issuance of New Shares and Offer of Existing Shares (along with errata)” prepared by theCompany. All investment decisions should be made solely at the discretion of the investor.

- 10 -

2013
3. The price-to-earnings ratio is calculated by dividing the stock price (closing price) by consolidated
net income per share for a given fiscal year. The price-to-earnings ratio is not shown for the fiscal year
ending March 2014 as the figures have yet to be finalized.

3) Changes in the stockholding policy of allottees for capital increases through third-party
allotments for the past five years and other matters
Not applicable.
(4) Lock-up
In connection with the public subscription, IBP Co., Ltd., a shareholder of Nitta Gelatin Inc.,
has agreed with SMBC Nikko Securities Inc. (hereinafter, “the Lead Manager”) to refrain fromselling any shares of Nitta Gelatin common stock, etc., in principle, without the prior writtenconsent of the Lead Manager, during the period beginning on the Subscription Price
Determination Date and ending on the 180th day after the delivery date of shares for the public
subscription (hereinafter, “the Lock-up Period”).
Furthermore, the Company has agreed with SMBC Nikko Securities Inc. to refrain fromissuing any shares of Nitta Gelatin common stock and issuing or selling any marketablesecurities with rights or obligations to acquire shares of Nitta Gelatin common stock (excluding
the issuance of new shares related to the third-party allotment, along with the issue or grantingof shares associated with stock splits and stock options, etc.) during the Lock-up Period without
the prior written consent of SMBC Nikko Securities Inc.
With respect to the foregoing, SMBC Nikko Securities Inc. reserves the right to annul part or
all of the relevant agreed matters or shorten the Lock-up Period at its discretion.

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

- 11 -