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News Releases

SDK Securities to be Traded on Tokyo Stock Exchange Alone

June 17, 2003

Showa Denko K.K. (SDK) decided at today’s board meeting to have its securities traded only on the Tokyo Stock Exchange, withdrawing from listing on the stock exchanges in Osaka, Nagoya, Sapporo and Fukuoka.

Specifically, SDK will file applications tomorrow to the said four stock exchanges for delisting of its common stock and to the Osaka and Nagoya stock exchanges for delisting of its unsecured convertible bond (third issue).

The decision reflects the fact that there is only a limited amount of trading of SDK securities on those stock exchanges, meaning that the withdrawal will not actually give inconvenience to our stockholders or investors.

After the filing and acceptance of the applications, SDK securities on those stock exchanges will be delisted in about one month.