Toyo Ink America, LLC

Toyo Ink Announcement of Merger of Consolidated Overseas Subsidiaries

TOYO INK SC HOLDINGS CO., LTD. (President and Representative Director: Katsumi Kitagawa, Chuo-ku, Tokyo) announces that TOYO INK AMERICA, LLC (United States), the Group’s consolidated subsidiary, has decided to absorb another consolidated subsidiary TOYO INK MFG. AMERICA, LLC. The merger has been implemented as outlined below.

1. Purpose of the merger

The merging of the two companies, our Group’s consolidated subsidiaries, will reinforce the management base and bolster TOYO INK Group’s competitiveness in North America through the coordination of the companies’ functions.

Further, by merging these companies that operate in disparate business domains, the move aims to strengthen the ability to make proposals to customers and accelerate TOYO INK Group’s business expansion in the United States.

2. Summary of the merger

(1) Schedule of the merger

Merger date (effective date) January 1, 2013

(2) Method of the merger

The method is an absorption-type merger, with TOYO INK AMERICA, LLC being the surviving company and TOYO INK MFG. AMERICA, LLC dissolved.

3. Overview of the parties to the merger (as of December 31, 2012)

            Surviving company     Merged company

Company name           TOYO INK AMERICA, LLC           TOYO INK MFG. AMERICA, LLC

Location of head office          1225 N. Michael Drive, Wood Dale, IL 60191 U.S.A.          30 Murray Hill Parkway, Suite 100, East Rutherford, NJ 07073 U.S.A.

Date of incorporation  January 1, 2001           January 1, 2001 Established

July 1, 2008 Company name changed

Capital or Invested Capital     28,800,800 USD         32,282,239 USD

Representative            Hideki Okaichi            Mamoru Sasajima

Nature of business      Manufacture and sale of printing inks, gravure inks, flexographic inks, PSA, adhesives and related products          Import and sale of pigments, dispersions and specialty chemical products

4. Circumstances after the merger

(1) Company name      TOYO INK AMERICA, LLC

(2) Location of head office     1225 N. Michael Drive, Wood Dale, IL 60191 U.S.A.

(3) Capital or Invested Capital           61,083,039 USD

(4) Representative       Hideki Okaichi

(5) Nature of business Manufacture and sale of printing inks, gravure inks, flexographic inks, PSA, adhesives and related products

Import and sale of pigments, dispersions and specialty chemical products

5. Effect on business results

There will be no impact on the Group’s consolidated business results for this term as this is a merger of the Group’s consolidated subsidiaries.

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