PRESS RELEASES > February 22, 2006
February 22, 2006

Taiheiyo Cement Corporation today announced the following decision to issue its 16th series of unsecured bonds (ranking pari passu solely with other series of debentures or bonds).

1. Bond title TAIHEIYO CEMENT CORPORATION 16th Unsecured Bond
(ranking pari passu solely with other series of debentures or bonds)
2. Total issue amount ¥20 billion
3. Book-entry bonds These bonds shall be subject to the provisions of the Law Concerning
Book-Entry Transfer of Corporate Bonds, Etc.
4. Maturity Seven years
5. Interest rate 1.93% per annum
6. Issue price ¥100 per ¥100 value of each bond
7. Redemption price ¥100 per ¥100 value of each bond
8. Yield 1.930% per annum
9. Interest payment dates March 6 and September 6 each year
(initial payment on September 6, 2006)
10. Application deadline February 22, 2006
11. Payment deadline March 6, 2006
12. Redemption date March 6, 2013
13. Redemption method Bullet maturity
14. Collateral and guarantees These bonds are neither secured by collateral nor guaranteed, and there are no particular assets reserved for their redemption
15. Lead underwriters Nomura Securities Co., Ltd. and Mizuho Securities Co., Ltd.
16. Book-entry transfer institution Japan Securities Depository Center Inc.
17. Fiscal, issuing, and paying agent Mizuho Corporate Bank, Ltd.