April 30, 2024
Kuraray Co., Ltd.

Notice Regarding Conclusion of Agreement for Exclusive Negotiation to Transfer of Business ofConsolidated Subsidiary

Kuraray Co., Ltd. (hereinafter “Kuraray” or the “Company”) hereby announces that theCompany has decided to transfer diatomite and perlite business handled by European subsidiaryof Calgon Carbon Corporation (hereinafter "Calgon Carbon"), a U.S. subsidiary of Kuraray andis engaged in exclusive negotiations with Imerys S.A. (hereafter, "Imerys"), a French company.
Since this matter does not fall under the timely disclosure standards of the Tokyo Stock
Exchange, some disclosure items and contents have been omitted.
1. Reason for business transfer
In 2018, Kuraray acquired Calgon Carbon, the world's largest activated carbon manufacturer,
and now have a wide range of activated carbon offerings, such as bituminous coal-based, woodbased, coconut-based, and reactivation services. We expand our activated carbon business as a
total solution provider in water and air purification, contributing to the improvement of thenatural and the living environment.
Through its European subsidiary, Chemviron S.A. (hereinafter Chemviron), Calgon Carbon
operates wood-based activated carbon, reactivation, and diatomite and perlite* businesses. While
production and sale of activated carbon and reactivation are the core businesses, the diatomite
and perlite business is defined as non-core businesses.
As a result, Kuraray has decided to transfer the business, and on April 26 (local time) Chemvironand Imerys, the world's largest company in the filter aid industry, agreed to enter into exclusive
negotiations.
Kuraray Group has set the sophistication of business portfolio as a key measure in the mediumterm management plan, "PASSION 2026," and allocate resource to core businesses anddistinguish downsizing or withdrawing businesses. We continue to sophisticate our business andproduct portfolio in consideration of social and environmental value as well as economic value.
*Diatomite and perlite: Diatomite is a soil formed by accumulated fossil of diatoms, a type ofphytoplankton. Perlite is an inorganic material made by heating andfoaming pearlite or obsidian at high temperatures. Main applications ofour products are filtration aid for lubricating oil in beverage and food
manufacturing processes.2. Overview of the transferee(1)
Name
Imerys S.A.
(2)
Location
Paris, France (listed on Euronext Paris stock exchange)
Title and name of(3)Alessandro Dazza, CEOrepresentative
Manufacture and sale of mineral resources, synthetic minerals,(4)
Businessetc.
(5)
Established1880

3. Overview of the transferor(1)
NameCalgon Carbon Corporation(2)
Location
Pittsburgh, Pennsylvania, USA
Title and name of(3)
Stevan R. Schott, CEOrepresentative
Manufacture and sale of activated carbon and water treatment(4)
Businessequipment(5)
Established1942(6)
Share capital618,000 USD (Kuraray Holdings USA 100%)
(1)
(2)
(3)
(4)
(5)
(6)

Name
Chemviron S.A.
Location
Belgium
Title and name ofReinier Keijzer, President
representative
Manufacture and sale of activated carbon and water treatment
Businessequipment
Established1970
8,952,000 EUR(Calgon Carbon Corporation 64.83%, Calgon Carbon
Share capital
Investments* 35.17%)*Wholly owned subsidiary of Calgon Carbon Corporation

4. Timetable
Date of conclusion(1)of the agreement
Expected(2)
Transfer Date

April 30, 2024
By end of 2024

5. Future outlook
This transfer is not expected to have a material impact on Kuraray’s consolidated performance.
Going forward, we will promptly disclose any matters requiring announcement, such as revisions
to earnings forecasts.

End of document