June 15, 2004Management

Asahi Glass to Sell Entire Shares of Thai Plastic and Chemicals Public Company

Asahi Glass Company, Limited (?sahi? announced today that it has reached agreements with CPB Equity Company, Limited (?PBE? and Siam Cement Public Company, Limited (?CC? to sell the entire shares of the Thai Plastic and Chemicals Public Company, Limited (?PC? held by Thasco Chemical Company, Limited, a subsidiary of Asahi. The number of shares to be sold is 21,875,075 shares which is equivalent to 25% of the issued shares of TPC. The selling price will be 180 baht per share and the total sales amount will reach approximately 3,938 million baht.

The decision to sell the TPC shares was made aiming at more efficient utilization of the assets owned by Asahi. CPBE will purchase 13 million shares (about 15% of the outstanding shares of TPC) and SCC will purchase 8,875,075 shares (about 10% of the outstanding shares of TPC).

[Thai Plastic and Chemicals Public Company, Limited]
Establishment 1966
Managing Director Dhep Vongvanich
Paid-up Capital THB 875million
Business Production and sales of PVC resin and processed goods
Head Office Bangkok, Thailand
Sales THB 18,063million ( 2003 )

[CPB Equity Co.]
Establishment 1994
Managing Director Michael D. Selby
Paid-up Capital THB 11,622million
Business Investment
Head Office Bangkok, Thailand

[Siam Cement Public Co.]
Establishment 1913
Managing Director Chumpol NaLamlieng
Paid-up Capital THB 1,200million
Business Production and sales of Cement, Petrochemical,Pulp and paper, Building materials and distribution of such products
Head Office Bangkok, Thailand

[Thasco Chemical Co., Ltd.]
Establishment 1964
Managing Director Toshio Tsuji
Paid-up Capital THB 2,800million
Business Production and sales of Caustic Soda, Chlorine and Chlorine derivatives
Head Office Bangkok, Thailand
Shareholders Asahi Glass Co., Ltd. 99.85%
For further information, please contact:
Shinichi Kawakami, General Manager, Corporate Communications Division, Asahi Glass Co., Ltd.
Contact: Kenichi Oda
TEL: +81-3-3218-5408
E-mail: info-pr@agc.co.jp