(TRANSLATION)
 1.3 THE 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, TokyoIts handling office:
    The Chuo Mitsui Trust and Banking Company, Limited
Nagoya Branch Office
15-33, Sakae 3-chome, Naka-ku, Nagoya CityIts liaison offices:
    Head office and nationwide branch offices of
The Chuo Mitsui Trust and Banking Company, LimitedHead office and nationwide branch offices of
Japan Securities Agents, Ltd.
 Article 3. (Denominations of Share Certificates)
 (1)
    
    The share certificates to be issued by the Company shall be in the denominations
of one (1), one hundred (100), five hundred (500), one thousand (1,000) and ten thousand
(10,000) shares; provided, however, that with respect to any number of shares less than
one hundred (100) shares, share certificates representing any number of shares may be
issued.
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(2)
    
    Notwithstanding the immediately preceding paragraph, with respect to the shares
registered in the name of JASDEC, upon its request, share certificates representing the
number of shares other than that provided in the immediately preceding paragraph may be
issued.(3)
    
    Shareholders may not request the issuance of share certificates representing any
number of shares constituting less than a full unit, except pursuant to the provisions
of Article 12 (Request for Issuance of Share Certificates Placed in Non-Possession
Status), Article 20 (Reissuance due to Defacement or Mutilation) and Article 21
(Reissuance due to Completion of Columns for Endorsement).
 Article 4. (Requests and Reports, etc.)
 (1)
    
    Procedures for making requests and reports, etc. with respect to the business
which the Company has entrusted to the Transfer Agent shall be handled by such Transfer
Agent.(2)
    
    All requests, reports and applications under these Regulations shall be made in
the form prescribed by the Company and with the seal impression of which the Company was
notified under Article 13 affixed thereto.(3)
    
    Should any request, report or application referred to in the immediately
preceding paragraph be made by an agent, a document evidencing the authority of such
agent shall be submitted, or if the consent of a curator or an assistant is required, a
document evidencing such consent shall be submitted.
 CHAPTER II
 ENTRY IN REGISTER OF SHAREHOLDERS
 Article 5. (Registration of Transfer of Shares)
 (1)
    
    In the event that entry (including digital entries; hereinafter the same shall
apply) of a transfer of shares in the register of shareholders (hereinafter the
registration of a transfer of shares) is requested, a written request therefor shall
be submitted together with the share certificates concerned setting forth the name of
the requesting party.(2)
    
    In the event that a request for registration of transfer of the shares acquired
for any reason other than assignment is made, a document evidencing the acquisition
shall be submitted in addition to the procedures referred to in the immediately
preceding paragraph; provided, however, that if no share certificates have been issued
for such shares, their submission shall not be required.
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Article 6. (Registration of Transfer of Shares where Special Procedure is Required by Laws or
Ordinances )
  Article 7. (Entries in the Register of Beneficial Shareholders)
  Article 8. (Beneficial Shareholder Card)
  Article 9. (Integration)
  CHAPTER III
 REGISTRATION OF PLEDGE
 Article 10. (Registration or Deregistration of Pledge)
  CHAPTER IV
 NON-POSSESSION OF SHARE CERTIFICATES
 Article 11. (Request for Non-Possession of Share Certificates)
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Article 12. (Request for Issuance of Share Certificates Placed in Non-Possession Status)
  CHAPTER V
 REPORTS
 Article 13. (Report of Name, Address and Seal Impression )
 (1)
    
    A shareholder, a beneficial shareholder, a registered stock pledgee or his/her
legal representative shall report his/her address, name and seal impression; provided,
however, that a foreigner who is accustomed to signing his/her name may substitute
his/her specimen signature for such seal impression.(2)
    
    In the event of any change in the matters referred to in the immediately
preceding paragraph, a report thereof shall be submitted.
 Article 14. (Report of Mailing Address or Proxy by Nonresident Shareholders)
 (1)
    
    A shareholder, a beneficial shareholder, a registered stock pledgee or his/her
legal representative who is residing in a foreign country shall, in addition to the
procedures referred to in the immediately preceding article, either appoint a standing
proxy who resides in Japan or designate a mailing address in Japan to receive notices
and shall report thereon.
 (2)
    
    The provisions of the immediately preceding article shall apply mutatis mutandis
to a standing proxy.
 Article 15. (Representative of Corporation)
 (1)
    
    If a shareholder or a beneficial shareholder is a corporation, the name of one
(1) representative of such corporation shall be notified.
 (2)
    
    In case of change of such representative, a written notification thereof shall be
submitted together with an official certificate of the matters recorded in such
corporations commercial register.
 Article 16. (Representative of Jointly Owned Shares)
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(1)
    
    Shareholders or beneficial shareholders who own shares jointly shall appoint one
(1) representative and a notification thereof shall be submitted.(2)
    
    The same shall apply in case of change of such representative.
 Article 17. (Change of Entries in Register of Shareholders, in Register of Beneficial Shareholders
and in Share Certificates)
  (1)
    
    Change of family name or first name;(2)
    
    Appointment of legal representative such as a person having parental authority
and a guardian, or change or cancellation thereof;(3)
    
    Change of trade name or corporate name; and(4)
    
    Change in corporate organization.
 Article 18. (Special Exemption to Report Regarding Beneficial Shareholders)
  CHAPTER VI
 REISSUANCE OF SHARE CERTIFICATES
 Article 19. (Reissuance due to Division or Consolidation)
 (1)
    
    In the event that issuance of new share certificates is requested for the purpose
of dividing or consolidating share certificates, a written request therefor shall be
submitted together with the share certificates concerned.(2)
    
    No request shall be made for issuance of share certificates for shares
constituting less than a full unit resulting from division or consolidation of shares.
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Article 20. (Reissuance due to Defacement or Mutilation)
 mutatis mutandis
 Article 21. (Reissuance due to Completion of Columns for Endorsement)
  Article 22. (Automatic Consolidation of Certificates for hares Constituting Less than a Full Unit)
  CHAPTER VII
 REGISTRATION OF LOST SHARE CERTIFICATES
 Article 23. (Request for Registration of Lost Share Certificates)
  Article 24. (Application for Cancellation of Registration of Lost
Share Certificates by the Registrant of Lost Share
Certificates )
  Article 25. (Application for Cancellation of Registration of Lost Share Certificates by the Party
Holding Such Share Certificates)
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Article 26. (Application of Provisions Concerning Reports)
 mutatis mutandis
 CHAPTER VIII
 PURCHASE OF SHARES CONSTITUTING LESS THAN A FULL UNIT
 Article 27. (Method of Request for Purchase of Shares)
 (1)
    
    In the event that a request for purchase of shares constituting less than a full
unit by the Company is made, a written request therefor shall be submitted to the
handling office or any of the liaison offices of the Transfer Agent referred to in
Article 2 hereof together with the share certificates concerned; provided, however, that
if no share certificates have been issued for such shares, submission of the share
certificates shall not be required.(2)
    
    In the event that a beneficial shareholder makes a request referred to in the
immediately preceding paragraph, such request shall be made through the participant(s)
and JASDEC.
 Article 28. (Determination of Purchase Price)
 (1)
    
    The purchase price per share for shares constituting less than a full unit 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 the document for
such request for purchase referred to in the immediately preceding article arrives at
the handling office or any of the liaison offices 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.(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 29. (Payment of Purchase Price)
 (1)
    
    The amount obtained by deducting the handling charges referred to in Article 40
hereof from the purchase price calculated pursuant to the immediately preceding article
shall be paid by the Company, unless the Company otherwise determines, within sixth
business day from the day following the day on which the purchase price is
fixed at the place where the request for purchase is accepted; provided, however, that
if the purchase price reflects the rights to receive dividends from surplus or stock
split, etc., such payment shall be made not later than the relevant record date.
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(2)
    
    The shareholder who made 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 30. (Transfer of Title to Purchased Shares)
  CHAPTER IX
 SALE OF SHARES CONSTITUTING LESS THAN A FULL UNIT
 Article 31. (Method of Request for Sale of Shares)
 (1)
    
    In the event that a shareholder or a beneficial shareholder holding shares
consisting less than a full unit requests the Company to sell to the shareholder or the
beneficial shareholder such amount of shares which will, when added together with the
shares consisting less than a full unit, constitute a full unit of shares (hereinafter
the Request for Sale), a written request therefor shall be submitted to the handling
office or any of the liaison offices of the Transfer Agent referred to in Article 2
hereof together with the share certificates concerned and the advanced payment as
prescribed in the immediately following article; provided however, that if no share
certificates have been issued for such shares, submission of the share certificates
shall not be required.(2)
    
    In the event that a beneficial shareholder makes a request referred to in the
immediately preceding paragraph, such request shall be made through the participant(s)
and JASDEC.
 Article 32. (Advanced Payment)
 (1)
    
    The advanced payment shall be the amount obtained by multiplying the last
reported selling price per share on the market opened at the Tokyo Stock Exchange on the
business day immediately preceding the day on which the document for the request for
sale referred to in the immediately preceding article arrives at the handling office or
any of the liaison offices of the Transfer Agent (if no sale of shares is made on such
day at the Tokyo Stock Exchange, the last reported selling price per share at which
shares were sold on the day immediately preceding such day) by the number of shares
being requested for sale, and multiplying the result by 1.3. Any fraction less than
1,000 yen shall be rounded up. However, the Request for Sale made by a
beneficial shareholder shall be handled as prescribed by JASDEC.
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(2)
    
    In the event that the Request for Sale as provided for in the immediately
preceding article is made, and the advanced payment falls short of the amount referred
to in the immediately preceding paragraph, the Company shall not accept such Request for
Sale.
 Article 33. (Request for Sale Exceeding Balance of Treasury Stock)
  Article 34. (Effective Date of Request for Sale)
  Article 35. (Suspension Period of Request for Sale)
 (1)
    
    The Company shall suspend acceptance of the Request for Sale, during the period
from twelve (12) business days before March 31 up to March 31 and the period from twelve
(12) business days before September 30 up to September 30, each year.(2)
    
    Notwithstanding the immediately preceding paragraph, the Company may suspend
acceptance of the Request for Sale any time when it deems necessary.
 Article 36. (Determination of Sale Price)
 (1)
    
    The sale price per share for shares constituting less than a full unit for which
a 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 the shares
being requested for sale.(3)
    
    In the event that the advanced payment as provided for in Article 32 hereof falls
short of the aggregate amount of the sale price as provided for in the immediately
preceding paragraph and the handling charges as provided for in Article 40 (hereinafter
the Sale Proceeds), the Company shall request the relevant shareholder
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who made the Request for Sale to pay such shortfall. In such case, the relevant Request for Sale
shall be cancelled if such shortfall is not paid within five (5) business days from the day immediately following the day on which
the request for the payment of such shortfall is made.
 Article 37. (Receipt of Sale Proceeds)
 (1)
    
    The Company shall receive the Sale Proceeds from the advanced payment on the
sixth (6th) business day from the day on which the sale price is fixed or the day
following the day on which the shortfall referred to in the immediately preceding
article, paragraph (3) is paid; provided however, that if the sale price reflects the
rights to receive dividends from surplus or stock split, etc., the Company shall receive
such sale proceeds not later than the relevant record date.(2)
    
    The amount obtained by deducting the Sale Proceeds from the advanced payment
pursuant to the immediately preceding paragraph shall be returned to the shareholder who
requested such sale by transferring such amount to the bank account designated by such
shareholder or by cash payment through Japan Post Bank Co., Ltd.
 Article 38. (Transfer of Title to Sold Shares)
  Article 39. (Delivery of Share Certificates)
  CHAPTER X
 HANDLING CHARGES
 Article 40. (Handling Charges)
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1.
    
    In the case of issuance of share certificates pursuant to Article 12 (Request for
Issuance of Share Certificates Placed in Non-Possession Status) and Article 20
(Reissuance due to Defacement or Mutilation):
 ¥250
    
    per share certificate
 2.
    
    In the case of request for registration of lost share certificates pursuant to
Article 23 (Request for Registration of Lost Share Certificates):
 ¥8,600
    
    per application¥500
    
    per share certificate
 3.
    
    In the case of purchase of shares pursuant to Article 27 (Method of Request for
Purchase of Shares) or sale of shares pursuant to Article 31 (Method of Request for Sale
of Shares):The amount separately determined as the amount corresponding to the charges
regarding entrustment of the sale and purchase of shares.
 Supplementary Provisions
 1.
    
    These Regulations shall come into force on October 1, 2007.2.
    
    The amount pursuant to Article 40, paragraph (3) of these Regulations shall be the amount
determined by calculating the amount per one unit based on the following formula, and then
dividing such amount in proportion to the number of shares constituting less than a full unit
purchased or sold.
 (Formula)
Out of the aggregate amount obtained by multiplying the purchase price per share
under Article 28 or the sale price per share under Article 36 hereof by the number
of shares constituting a full unit, the handling charges per unit of shares shall
be as follows:Any amount being not more than one million yen (¥1,000,000):
  Any amount being more than one million yen (¥1,000,000) and not more than five
million yen (¥5,000,000):
  Any amount being more than five million yen (¥5,000,000) and not more than ten
million yen (¥10,000,000):
  Any amount being more than ten million yen (¥10,000,000) and not more than thirty
million yen (¥30,000,000):
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Any amount being more than thirty million yen (¥30,000,000) and not more than fifty
million yen (¥50,000,000):
  (Any fraction less than one yen (¥1) resulting from the calculation above shall be
rounded down.)
Provided, however, that if the amount obtained by the calculation above is less
than two thousand five hundred yen (¥2,500), the fee amount shall be two thousand
five hundred yen (¥2,500).
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