December 18, 2002Management

Results of the squeeze-out offer for Glaverbel

Tokyo/Brussels, 18 December 2002 - The squeeze-out offer of Asahi Glass Co., Ltd (J.AHG) for the remaining Glaverbel shares closed on 16 December.

Asahi Glass thus fully holds 100% of the capital of Glaverbel.

34,552 shares and 175 bonds were tendered. Their counter value will be paid to share- and bondholders on 19 December 2002.

For securities not presented in response to the offer, the equivalent sum will be held at the disposal of former owners with Fortis Bank during six months. After that date, the funds will be deposited with the Caisse des Depots et Consignations (rue de la Loi 71, 1040 Brussels, phone: 00 32 2 233 78 60).

Glaverbel has been delisted as from 16 December.


Asahi Glass Company, Ltd manufactures and sells a variety of glass products. Main products include flat glass for construction, glass for cathode-ray tubes, and glass for automobiles. The Company also produces electronic parts, fine chemicals, and new ceramics. In fiscal year ended March 31, 2002 the group posted net sales of USD 10.3 billion. Further information on the Company can be found at

For further information:
Kiyotsugu Suzuki, AGC Investor Relations, Corporate Planning Division
TEL: + 81-3- 3218-5240