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News Release

FOR IMMEDIATE RELEASE
November 13, 2002

Eisai transfers Veterinary and Livestock Feed Products Business to Meiji Seika

Eisai transfers Veterinary and Livestock Feed Products Business to Meiji Seika

Meiji Seika Kaisha, Ltd.
Eisai Co., Ltd.

Tokyo (November 13, 2002) - Meiji Seika Kaisha, Ltd. (Headquarters: Tokyo, President: Ichiro Kitasato, hereinafter referred to as "Meiji Seika") and Eisai Co., Ltd. (Headquarters: Tokyo, President & CEO: Haruo Naito, hereinafter referred to as "Eisai") entered into a Basic Agreement today for the transfer of Eisai's veterinary and livestock feed products business to Meiji Seika effective February 1, 2003.


Eisai has engaged in the veterinary and livestock feed products business including disinfectants and insecticides for livestock animals, feed additives and mixed meal such as vitamins and minerals and vaccines for fish, etc. Eisai transfers such business to Meiji Seika based on a management policy of pursuing business efficiency by concentrating management resources on the pharmaceutical business. The business to be transferred by Eisai to Meiji Seika shall include exclusive distribution rights, respective intellectual property rights and other rights and obligations relating to the veterinary and livestock feed products business. Eisai's employees currently involved in the business shall not be included in the transfer.


Meiji Seika considers animal health business as one of its core areas in the pharmaceutical business. Meiji Seika expects to strengthen and expand its product portfolio in the veterinary and livestock feed products business via this acquisition.


For additional inquiries, please contact:


    Meiji Seika Kaisha, Ltd.
Public Relations Department
TEL: 03-3273-3355
Planning & Administration Department Pharmaceuticals
TEL: 03-3273-3392

Eisai Co., Ltd.
Public Relations Department
TEL: 03-3817-5120


[ Reference Data ]

1. Scheduled date of the business transfer : February 1, 2003
2. Summary of the Meiji Seika's Agricultural & Veterinary Division, Animal Health Dept

Sales : approx. yen6 billion (fiscal year ended March 2002)
Sales composition ratio : Livestock-related (68%), Fishery-related (5%), Small animal/companion animal-related (6%), Others (21%)
Major products : Meirich (Antimicrobial feed additive -for animals)
Viccillin (Antimicrobial Injectable form -for animals)
Kanamycin sulfate (Antimicrobial Injectable form - for animals)
Domitor, Antisedan (for small animals)
3. Summary of Eisai's Veterinary and Livestock Feed Products Business Division

Sales : approx. yen3 billion (fiscal year ended March 2002)
Sales composition ratio : Livestock-related (73%), Fishery-related (25%), Small animal/companion animal-related (2%)
Major products : Astop (Fifth-generation cationic disinfectant - for veterinary use)
Poseidon (Inactivated vaccine for Lactococal Infection of yellow tail -for fish use)
New Trimix Liquid (Multivitamin aqueous solution for poultry farming -for veterinary use)
Premix (feed additive and mixed meal)