NEWS RELEASE

Teijin and Safran sign Master Contract for the Purchasing ofHigh-Performance Composite Materials
Tokyo, Japan, October 27, 2020 --- Teijin Limited announced today that a long term
master agreement has been signed by Teijin and Safran S.A., an international
high-technology group and tier-1 supplier of systems and equipment in the Aerospaceand Defense market.
Teijin has been supplying high-performance materials to Safran for the last 25 years.
The contract establishes the frame for the supply of Teijin`s high-performance materials
dedicated to the manufacturing of equipment parts for new generation aircrafts.
Teijin and Safran intend to reinforce their collaboration to meet the challenges of theaviation market, creating advanced technologies that lower production costs andenvironmental impact. Teijin may supply Safran with a variety of high-performancematerials to manufacture various Safran products used for aircraft applications incommercial, defense industry or for space applications. Some of the first materials
supplied to Safran should be manufactured by US-based Renegade Materials
Corporation, a prepreg supplier specialized in high temperature resistant resin and safe,
non-toxic polyimide prepreg materials, which Teijin acquired in 2019.
Safran Vice President, Materials Purchasing, Thierry Viguier, stated, “The signature ofthis master agreement materializes the growing relation between Safran and Teijin.
Safran expects to reach new steps in aeronautical equipment performance andcompetitiveness, thanks to the innovation capacity of Teijin in high-performancematerials."
Shukei Inui, General Manager of Teijin`s Carbon Fiber Business Unit commented that"This agreement with Safran is a milestone in our long and trustful relationship and will
strengthen Teijin`s position as a reliable material supplier to the aircraft industry.
Together with Safran, we will deliver innovative products and solutions, answering theindustry`s needs for well-processable, cost efficient and sustainable light-weightmaterials."Stated as the group’s Strategic Focus in its Medium-term Management Plan for
2020–2022, Teijin is pushing forward its development of mid- to downstream
applications for aircraft, targeting annual sales in this field of more than USD 900 million
by around 2030.

About the Teijin GroupTeijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions”, Teijin aims to be a company that
supports the society of the future. The group comprises more than 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 853.7 billion (USD 8.0 billion) and total assets of JPY 1,004.2 billion (USD9.4 billion) in the fiscal year that ended on March 31, 2020.

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Corporate Communications
Teijin Limited
pr@teijin.co.jp