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News Release

FOR IMMEDIATE RELEASE
February 26, 1997

Notice of Dividend Payment for the Year Ending March 1997 (85th Fiscal Term)

Notice of Dividend Payment for the Year Ending March 1997 (85th Fiscal Term)
Company Name: Eisai Co., Ltd
Head Office Address: 4-6-10 Koishikawa, Bunkyo-ku, Tokyo
Securities Code Number: 4523
Stock Exchange Listings: 1st section of Tokyo and Osaka Stock Exchanges

Dear Shareholder:

We hereby notify you that as announced in the semi-annual financial report, Eisai Co., Ltd. has decided to propose to its 85th Ordinary Meeting of Shareholders to be held in late June 1997 to pay a year-end dividend of 9.00(Yen) per share, which is an increase of 1.00(Yen) per share from the previous period, based on the profit-sharing rule regarding the fourth unsecured convertible bonds issued in November 1995 and in response to the support from all shareholders.

Year Ending March 1997 (85th Fiscal Term)


Year-End Full-Year
Annual Dividends Plans (Yen) 9.00 18.00
Forecasted Dividends
(As of November 6, 1996)(Yen)
9.00 18.00

Reference
Years March Ended 1994 1995 1996 1997
Annual Dividends(Yen) 12.00 13.00 15.00 18.00
Year-End(Yen) 6.00 7.00 8.00 9.00

Note:
Eisai implemented a stock split in the ratio of 1 to 1.05 shares of common stock to the shareholders of record on March 31, 1996.
Inquiries: Mitsuo Matsushiro
General Manager
Finance and Accounting Department,
Member, Board of Directors
Phone: 03-3817-5070