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News Release

July 30, 2003

Food Additives and Chemicals Division to be placed into Subsidiary Company

Eisai Co., Ltd. (Headquarters: Tokyo, President: Haruo Naito) has decided to place its Food Additives and Chemicals Division into a subsidiary company by April 1st, 2004.

The Food Additives and Chemicals Division of Eisai has developed and produced food additives, drug materials, and natural/synthetic vitamin E. The streamlining of this area of Eisai's business is expected to result in enhanced customer's satisfaction and corporate value of the Eisai Group.

Details such as the name of new company and establishment procedure etc. will be released at their earliest confirmation.

For inquiry:

Eisai Co., Ltd.
Public Relations Department