News Release

Nippoh Chemicals' Policy for Environmental Conservation

Nippoh Chemicals' Policy for Environmental Conservation I Principle Nippoh Chemicals is a fine chemical company, which by making use of iodine and natural gas creates outstanding technology and products, and produces high quality and high value added products with an international reputation. Nippoh Chemicals also fully recognizes the importance of environmental issues and the corporate role for environmental conservation, and conducts in every business activity , product and service accounting for environmental conservation. II Policy for Environmental Conservation 1.To continuously improve environmental management system, and to do our utmost for preventing environmental pollution. 2.To comply with laws and regulations, agreements and any other requirements related to environment. 3.To promote the reduction of resource and energy usages, industrial wastes, and to promote recycling use of the wastes for conservation of global environment. 4.To define environmental object and target within the feasible scope of technology and economy, and to promote the related activities, and also to periodically rectify them for better arrangements. We fully advise all of our employee of the above Policy for Environmental Conservation and also announce publicly. November 15 , 2005 Tatsuhito Matsuda President Nippoh Chemicals Co.,Ltd