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Showa Alumi Viewtech to Transfer Businesses

April 21, 2005

Showa Denko K.K.’s (SDK) aluminum extrusions manufacturing subsidiary Showa Alumi Viewtech Co., Ltd. will transfer its businesses to other SDK subsidiaries by May 1 in preparation for its dissolution in or around September this year.

Specifically, the marketing of light poles will be transferred to Shoko Co., Ltd. while the production of them will be taken over by Showa Denko Aluminum Trading K.K.

Showa Denko Aluminum Trading will also take over Showa Alumi Viewtech’s businesses in fabricated aluminum products (motor housing, pots for induction heating, etc.) and evaporators. The urban beautification facilities business will be transferred to Techno Namiken Inc.

The total amount of sales of these businesses will be approximately ¥400 million. The transaction will have only slight influence on SDK’s performance for 2005.

Under the ongoing medium-term consolidated business plan, the Sprout Project, SDK has been proceeding with the restructuring of commodity aluminum operations.

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Outline of companies

1. Showa Alumi Viewtech Co., Ltd.

Head office Taito-ku, Tokyo
President Takuji Fukutome
Establishment September 1963
Capital ¥227 million
Employees 135 (as at December 31, 2004)
Shareholder Showa Denko K.K. (100%)

2. Showa Denko Aluminum Trading K.K.

Head office Osaka City, Osaka Pref.
President Masayoshi Yoneyama
Establishment November 1950
Capital ¥249 million
Employees 57 (as at December 31, 2004)
Shareholder Showa Denko K.K. (100%)

3. Shoko Co., Ltd.

Head office Minato-ku, Tokyo
President Hiroshi Matsubara
Establishment May 1947
Capital ¥8,022 million
Employees 298 (as at December 31, 2004)
Shareholder Showa Denko K.K. (42%)

4. Techno Namiken Inc.

Head office Osaka City, Osaka Pref.
President Kazuhiro Wada
Establishment May 1925
Capital ¥145 million
Employees 135 (as at December 31, 2004)
Shareholder Showa Denko K.K. (39%)