News Release

2010.10 Notification concerning shareholder change

As you know, for more than 40 years we have carried out business based on equal amounts of capital invested by the Mitsui Group and the Italian De Nora Group. Recently, however, the Mitsui Group decided to transfer all of its shares to the De Nora Group under a share transfer agreement dated September 30.

Both our operation policy and operation system will remain unchanged even after the share transfer. From now on, we intend to concentrate our overall strength as a member of the De Nora Group, and also to make unflagging efforts each day, so that we can assist our customers in even a small way.

We look forward to your increased patronage, and also ask for further guidance and encouragement from you in the future.

Permelec Electrode Ltd.
CEO Daigoro Senoo