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News Release

FOR IMMEDIATE RELEASE
September 1, 2000

Notice Relating to the Terms and Conditions of the Stock Option System through New Stock Issuance

Listed Stock Name: Eisai Co., Ltd.
Head Office Location: 4-6-10 Koishikawa Bunkyo-ku, Tokyo
President and CEO: Mr. Haruo Naito
Code: 4 5 2 3
Listed Locations: First Sections of the Tokyo Stock Exchange & the Osaka Securities Exchange
Inquiries: Mr. Isao Okabayashi
In Charge of Public Relations & Legal Affairs
Member, Board of Directors
Phone 81-3-3817-5190


Notice Relating to the Terms and Conditions of
the Stock Option System through New Stock Issuance


The following is a notice concerning decisions made at the General Shareholders' Meeting on June 29, 2000, as well as at the Board of Directors' Meeting on July 28, 2000, concerning new stock issuance and stock price, etc. for the implementation of a stock option system.


1. Stock Option Exercise PriceFor each stock yen3,090
  The Stock Option Exercise price of the newly issued stock for the purpose of the stock option was to be determined by the average of the closing prices of the Company's common stock in the month of August excluding non-trading days on the Tokyo Stock Exchange; however, the average of the closing prices was lower in August than the closing price on the grant date (September 1, 2000), thus, the exercise stock price will be the closing price on the grant date.
 
2.Value Placed on New Stock's
Conversion into Capital Stock
For each Stock yen1,545
 
3. Number of New Stock Issuance for Stock Options142,000 common stock
  (Within the stock issuance determination term in the event that an eligible person does not exercise his option right, or in the event an eligible person forfeits the right of the stock option, this results in a decline in total number of new stock issuance.)
4. Total Value of Stock Option Stock Issuanceyen438,780,000
  (Within the stock issuance determination term in the event that an eligible person does not exercise his option right, or in the event an eligible person subsequently forfeits the right of the stock option, this results in a decline in the total value of new stock issuance.)