31 January 2018
To whom it may concern
Showa Holdings Co., Ltd.
Mamoru Shigeta,
Representative Managing Director(Code 5103 Tokyo Stock Exchange)
Contact: Tomohiko Shoji,Director(Tel: 04-7131-0181)

Secured MOU regarding business tie-up for rubber lining in Vietnam- Rubber Business -We currently manage six major businesses and rubber business is our first businesssince the company’s establishment that now aims for business expansion throughout
Asia in the scheme of our mid-term management plan.

In November 2017, Showa Brain Navi Vietnam Co., Ltd (SBNV), our subsidiary engaging
in rubber and entertainment contents business concluded a memorandum ofunderstanding (MOU) on collaboration in the provision of rubber lining business inVietnam with PetroVietnam Coating Joint Stock Company (PVC). This time, we would
like to announce that the official signing ceremony took place at PVC office in Dong
Nai province on 22 January 2018.

PVC is the first company in Vietnam specialized in pipe coating under Vietnamesestate-owned oil and gas giant PETROVIETNAM. Since the beginning of its operation in2010, PVC has been a leader of improving coating technology by adopting latest
facilities and has accomplished many works. PVC is also recognized as the mostinnovative company in Vietnam.

Based on the MOU, we will perform cooperative relationship with PVC including joint
sales, operation support and material supply to expand our business in Vietnam. Thisbusiness cooperation also enables PVC to tap into our technology and application-1-knowledge of Rubber lining. We strongly hope to establish close, long-term and winwin partnership with PVC.
We as a group established our local office in Vietnam in August 2015 and havestrived to expand rubber lining business in Vietnam since then. This MOU execution isone of our accomplishments and a big step for our further development.

The signing ceremony took place in the presence of Mr. Le Hong Hai, Vice President of
PVC and Mr. Pham Hoang Sang, Director of Commercial division and Mr. Huynh Kim
Dao, Deputy Director of Economic Technical division and Ms. Miharu Tsuchiya,
Managing Director of SBNV and Mr. Tamotsu Somiya, Managing Director of Showa
Rubber (Thailand) Co., Ltd. and Mr. Tadashi Watanabe, Senior Executive Director ofShowa Holdings Co., Ltd and Chairman of Showa Rubber Co., Ltd. and Mr. Tatsuya
Konoshita, Representative Officer and CEO of Showa Holdings Co., Ltd.

(From left) Mr. Tamotsu Somiya, Mr. Le Hong Hai, Mr. Tadashi Watanabe, Mr. Huynh Kim Dao, Ms. Miharu
Tsuchiya-2-A shot from signing ceremony at PVC office

We aim for further developments in both rubber business and entertainment
contents business in Vietnam. We sincerely ask for continuous supports and hope you
look forward to future business expansions in Vietnam.
＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊We have 6 offices for rubber business in Asia including Vietnam.
Vietnam: Showa Brain Navi Vietnam Co.,Ltd.
Thailand: Showa Rubber (Thailand) Co.,Ltd.
Malaysia: Showa Rubber (Malaysia) Sdn Bhd
Indonesia: PT Showa Rubber Indonesia
Japan: Showa Rubber Co.,Ltd.
Mongolia: Mongolian representative office of Showa Holdings group
If any inquiries regarding rubber lining jobs and business alliances, feel free to contact:
sales@showa-rubber.asia
Available languages: English, Vietnamese, Thai, Malay, Indonesian, Mongolian,
Chinese and Japanese-3-