(TRANSLATION)
 SHARE HANDLING REGULATIONS
 MAKITA CORPORATION




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(TRANSLATION)
 SHARE HANDLING REGULATIONS
OF
MAKITA CORPORATION  (Kabushiki Kaisha Makita)
 CHAPTER I
 GENERAL PROVISIONS
 Article 1. (Purpose)
  Article 2. (Transfer Agent)
  Transfer Agent:
    
    The Chuo Mitsui Trust and Banking Company, Limited
33-1, Shiba 3-chome, Minato-ku, TokyoHandling office:
    
    The Chuo Mitsui Trust and Banking Company, Limited
Nagoya Branch Office
15-33, Sakae 3-chome, Naka-ku, Nagoya City
 CHAPTER II
 DIGITAL ENTRY IN REGISTER OF SHAREHOLDERS
 Article 3. (Digital Entry in Register of Shareholders)
 (1)
    
    Any change of the matters recorded in the register of shareholders shall be made in
accordance with notices given by JASDEC, such as a notice concerning all shareholders
(excluding the notice (the Individual Shareholder Notice) provided for in Article
154, Paragraph 3 of the Law Concerning Book-entry Transfer of Corporate Bonds, Stocks,
etc. (the Clearing Law)).
 (2)
    
    In addition to the provisions of the immediately preceding paragraph, in the case
of issuance of new shares or in any other case provided for by laws or
ordinances, a digital entry or change of the matters recorded in the register of
shareholders shall be made without notice from JASDEC.(3)
    
    Any digital entry in the register of shareholders shall be made using the
characters and/or symbols designated by JASDEC.
 Article 4. (Reports regarding the Matters Recorded in Register of Shareholders)
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Article 5. (Representative of Corporation)
  Article 6. (Representative of Jointly Owned Shares)
  Article 7. (Legal Representative)
  Article 8. (Report of Mailing Address or Proxy by Nonresident Shareholders)
 (1)
    
    A shareholder or his/her legal representative who is residing in a foreign country
shall either appoint a standing proxy who resides in Japan or designate a mailing
address in Japan.(2)
    
    The name or the trade name, and the address of a standing proxy or a mailing
address in Japan as referred to in the immediately preceding paragraph shall be
reported through the Account Management Institutions and JASDEC pursuant to the rules
established by JASDEC. The same shall apply in the case of any change or removal
thereof.
 Article 9. (Method of Identification through JASDEC)
  Article 10. (Registered Stock Pledgees)
 mutatis mutandis
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CHAPTER III
 IDENTIFICATION OF SHAREHOLDERS
 Article 11. (Identification of Shareholders)
 (1)
    
    In the event that a shareholder (including a shareholder who provided the
Individual Shareholder Notice) makes requests or exercises any other rights entitled to
shareholders (the Requests, Etc.), such shareholder shall submit or provide a
document certifying that such Requests, Etc. were made by such shareholder
himself/herself (the Identification Document), except where the Company is able to
confirm that such Requests, Etc. are made by such shareholder himself/herself.(2)
    
    In the event that the Requests, Etc. are made by a shareholder to the Company
through the Account Management Institutions and JASDEC, such Requests, Etc. shall be
deemed to have been made by such shareholder himself/herself and the Identification
Document is not required.(3)
    
    In the event that the Requests, Etc. are made by a proxy, the relevant shareholder
shall, in addition to the procedures referred to in Paragraphs (1) and (2) of this
Article, submit a power of attorney on which the shareholder has signed or affixed
his/her printed name and seal. The name or the trade name, and the address of the
proxy shall be described in the power of attorney.(4)
    
    The provisions of Paragraphs (1) and (2) of this Article shall apply mutatis
mutandisto a proxy.
 CHAPTER IV
 PROCEDURES FOR EXERCISE OF MINORITY SHAREHOLDERS RIGHTS,
ETC.
 Article 12. (Procedures for Exercise of Minority Shareholders Rights, Etc.)
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CHAPTER V
 PURCHASE OF SHARES CONSTITUTING LESS THAN A FULL UNIT
 Article 13. (Method of Request for Purchase of Shares Constituting Less Than a Full Unit)
  Article 14. (Determination of Purchase Price)
 (1)
    
    The purchase price per share for which a request for purchase is made shall be
the last reported selling price per share on the market opened at the Tokyo Stock
Exchange on the day on which such request for purchase arrives at the handling office of
the Transfer Agent referred to in Article 2 hereof; provided, however, that if no sale
of shares is made on such day at the Tokyo Stock Exchange or if no trading is made
thereat on that day, the first reported selling price per share at the Tokyo Stock
Exchange after that day shall be the purchase price per share.(2)
    
    The purchase price shall be the amount obtained by multiplying the purchase price
per share referred to in the immediately preceding paragraph by the number of shares
being requested for purchase.
 Article 15. (Payment of Purchase Price)
 (1)
    
    The amount obtained by deducting the handling charges referred to in Article 24
hereof from the purchase price calculated pursuant to the immediately preceding article
shall be paid by the Company pursuant to the rules established by JASDEC, unless the
Company determines otherwise, on the fourth business day from the day following the day
on which the purchase price per share is fixed; provided, however, that if the purchase
price reflects the right to receive dividends from surplus or stock split, etc., such
payment shall be made not later than the relevant record date.(2)
    
    The shareholder who makes a request for purchase may request that such payment be
made by way of transfer to a bank account designated by him/her, or by cash payment
through Japan Post Bank Co., Ltd.
 Article 16. (Transfer of Purchased Shares)
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CHAPTER VI
 SALE OF SHARES CONSTITUTING LESS THAN A FULL UNIT
 Article 17. (Method of Request for Sale of Shares Constituting Less Than a Full Unit)
  Article 18. (Request for Sale Exceeding Balance of Treasury Stock)
  Article 19. (Effective Date of Request for Sale)
  Article 20. (Determination of Sale Price)
 (1)
    
    The sale price per share for shares for which the Request for Sale is made shall
be the last reported selling price per share on the market opened at the Tokyo Stock
Exchange on the effective date of the Request for Sale; provided however, that if no
sale of shares is made on such day at the Tokyo Stock Exchange or if no trading is made
thereat on that day, the first reported selling price per share at the Tokyo Stock
Exchange after that day shall be the sale price per
share.(2)
    
    The sale price shall be the amount obtained by multiplying the sale price per
share referred to in the immediately preceding paragraph by the number of shares for
which the Request for Sale is made.
 Article 21. (Transfer of Sold Shares)
  Article 22. (Suspension Period in respect of Request for Sale)
 (1)
    
    The Company shall suspend acceptance of the Request for Sale, during the period
from ten (10) business days before any of the following dates up to the relevant date,
every year:
 (a)
    
    March 31;(b)
    
    September 30; and(c)
    
    Any other date such as the determination date in
respect of shareholders designated by JASDEC.
 (2)
    
    Notwithstanding the immediately preceding paragraph, the Company may establish an
additional suspension period in respect of the Request for Sale any time when it deems
necessary.
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CHAPTER VII
 EXCEPTIONS IN RESPECT OF SPECIAL ACCOUNT
 Article 23. (Exceptions in respect of Special Account)
  CHAPTER VIII
 HANDLING CHARGES
 Article 24. (Handling Charges)
    
             Supplementary Provisions
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