The Kurita Group - Kurita Water Industries Ltd. : Ultrapure water supply, Water Treatment Facilities & Chemicals

April 30, 2008

Kurita Water Industries to Partially Amend Articles of Incorporation

Kurita Water Industries announced today that its Board of Directors met and passed a resolution to propose partial amendments to the Articles of Incorporation at the 72nd annual meeting of shareholders scheduled for June 27, 2008. Details appear below.

1. Purpose of amendments

With the aim of enhancing transparency regarding director compensation, Kurita will terminate its current scheme of directors’ retirement benefits, which are paid to company directors and auditors, as of the conclusion of its 72nd annual meeting of shareholders and unify the annual salary plans already in place.

2. Details of proposed amendments to the Articles of Incorporation

Details of the amendments appear in the following table.

(Proposed amendments are underlined)

Current Articles of Incorporation	Proposed amendments
Chapter 4 Directors and the Board of Directors Directors’ Remuneration etc. Article 23. Directors’ remuneration, retirement benefits, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders. Chapter 5 Corporate Auditors and the Board of Corporate Auditors Corporate Auditors’ Renumeration etc. Article 31. Auditors’ remuneration, retirement benefits, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders.	Chapter 4 Directors and the Board of Directors Directors’ Remuneration etc. Article 23. Directors’ remuneration, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders. Chapter 5 Corporate Auditors and the Board of Corporate Auditors Corporate Auditors’ Renumeration etc. Article 31. Auditors’ remuneration, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders.

Current Articles of Incorporation

Proposed amendments

Chapter 4
Directors and the Board of Directors

Directors’ Remuneration etc.

Article 23. Directors’ remuneration, retirement benefits, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders.

Chapter 5
Corporate Auditors and the Board of Corporate Auditors

Corporate Auditors’ Renumeration etc.

Article 31. Auditors’ remuneration, retirement benefits, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders.

Chapter 4
Directors and the Board of Directors

Directors’ Remuneration etc.

Article 23. Directors’ remuneration, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders.

Chapter 5
Corporate Auditors and the Board of Corporate Auditors

Corporate Auditors’ Renumeration etc.

Article 31. Auditors’ remuneration, and other financial benefits they receive from the Company as consideration for the execution of their duties (“remuneration etc.”) will be determined by resolutions of the General Meeting of Shareholders.

3. Schedule

Date of Annual General Meeting of Shareholders for discussing the amendments	June 27, 2008 (scheduled)
Effective date of amendments to the Articles of Incorporation	June 27, 2008 (scheduled)