KAWASAKI, Kanagawa Prefecture, Japan, March 26, 2003 - Tokyo Ohka Kogyo Co., LTD. (TOK) hereby announces that TOK was named a recipient of Intel Corporation’s prestigious 2002 Supplier Continuous Quality Improvement (SCQI) award, Intel’s highest honor for its suppliers, for outstanding commitment to quality and performance by suppliers that provide products and services deemed essential to Intel’s success. The company was given the award for its efforts in supplying Intel with photoresist and developer. TOK and 12 additional SCQI award winners will be honored at a celebration in Burlingame, Calif. on March 26.

“After repeat Preferred Quality Supplier awards, we congratulate TOK for winning Intel’s Supplier Continuous Quality Improvement award,” said Jim Harrison, director of Intel’s Fab Materials Operations. “TOK has shown its commitment and exemplary track record in developing and delivering innovative, cost effective solutions to meet Intel’s lithographic materials development needs for more than a decade. TOK continues to maintain its industry leadership position by driving continuous improvement in quality, performance, service and cost of their materials in a competitive market.”

“It brings great satisfaction to our company and all its members to be rewarded for our hard work with this great honor,” said Haruhiko Uchida, TOK president. “Intel’s demanding standards have improved our company and we will continue this improvement as we go forward and raise the standards of high quality for electronic materials.”

The SCQI awards are part of Intel’s Supplier Continuous Quality Improvement process, which encourages Intel’s key suppliers to strive for excellence and continuous improvement. To qualify for SCQI status, suppliers must score at least 95 percent on a report card that assesses performance and ability to meet cost, quality, availability, delivery, technology and responsiveness goals. Additional information about the SCQI program is available at http://supplier.intel.com/quality/.

About Intel

Intel, the world’s largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.

About TOK

TOK is a world's leading supplier of photoresists for semiconductor, flat panel display, printed wiring board and packaging. Moreover, TOK supplies other photolithography materials, processing equipment for semiconductor and LCD manufacturing, printing materials and inorganic / organic high purity chemicals.

Forward-Looking Statement

This news release contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “projects”, “indicates”, “believes”, and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in TOK’s filings with the Ministry of Finance of Japan and Tokyo Stock Exchange, Inc., particularly its latest annual report and semiannual report, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, deflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance.

March 26, 2003

Contact

H. Akama (Mr.)
Manager, Public Relations Section
TEL. +81-44-435-3000  FAX. +81-44-435-3020
h-akama@tok.co.jp