December 22, 2016
Taiyo Nippon Sanso Corporation

Notice Regarding (Planned) Changes of Principal Shareholder
and Other Affiliate Company
Taiyo Nippon Sanso Corporation (TNSC) hereby announces expected changes in its
principal shareholder as follows.
1. Background to the Change
TNSC’s parent company, Mitsubishi Chemical Holdings Corporation (hereinafter, “MCHC”)
and MCHC subsidiary and TNSC’s principal shareholder and other affiliate company
Mitsubishi Chemical Corporation (hereinafter, “MCC”) today concluded an absorption-typecompany split agreement whereby TNSC’s share administration business (hereinafter, the“Business”) owned by MCC will be split off and in an absorption-type company split andsucceeded by MCHC, effective from February 1, 2017. As a result, all TNSC shares owned by
MCC and the Business will be succeeded by MCHC and a change in TNSC’s principal
shareholder and other affiliate company is expected.
2. Outline of the Principal Shareholder(1) Overview of the parent company(1) Company Name

Mitsubishi Chemical Holdings Corporation(2) Location

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo(3) Title and Name of theRepresentative(4) Details of Business

Hitoshi Ochi, Representative Corporate Executive Officer, President andChief Executive Officer
Management of Group companies (Development of the Group strategies andallocation of financial resources)(5) Capital¥50 billion(6) Major Shareholders andShareholding Percentages(As of September 30, 2016)

The Master Trust Bank of Japan, Ltd. (Trust Account)
Japan Trustee Services Bank, Ltd. (Trust Account)
Meiji Yasuda Life Insurance Company
Nippon Life Insurance Company
Japan Trustee Services Bank, Ltd. (Trust Account 9)* Listed shareholding percentages
are a ratio of the outstandingbalance of issued shares

5.75%
5.50%
4.27%
2.82%
1.60%

(2) Outline of the Change in Principal Shareholder(1) Company Name

Mitsubishi Chemical Corporation(2) Location

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo(3) Title and Name of theRepresentative

Hiroaki Ishizuka
Member of the Board, President and Chief Executive Officer(4) Details of Business

Production and sale of chemical products(5) Capital¥50 billion(6) Major Shareholders andShareholding Percentages

Mitsubishi Chemical Holdings Corporation100%

3. Number of Voting Rights Owned (Number of Shares Owned) and Ratio of Voting Rights
Owned by All Shareholders before and after the Change(1) Mitsubishi Chemical Holdings Corporation
Relationship

Before change(As of September 30,2016)
After change

Parent company andprincipal and largest
shareholder
Parent company andprincipal and largest
shareholder

Number of voting
rights(Number of sharesowned)
1,580,488(158,048,896 shares)

Ratio of Voting
Rights Owned byAll Shareholders*Major
shareholder
ranking

36.59%

1st2,189,967(218,996,766 shares)

50.70%

1st

Number of votingrights(Number of sharesowned)
609,478(60,947,870 shares)

Ratio of Voting
Rights Owned by
All Shareholders*Majorshareholder
ranking

14.11%

2nd－－－(2) Mitsubishi Chemical Corporation
Relationship

Before change(As of September 30,2016)
After change

Other affiliatedcompany andprincipal shareholder－* The ratio of voting rights owned by all shareholders is calculated based on the 4,319,120 voting rights of allshareholders, which is the outstanding balance of issued shares of 433,092,837 less 1,180,837 shares without voting
rights.

4. Scheduled Date of the Change
February 1, 2017
5. Future Outlook
This change will not affect the consolidated financial results of TNSC.