KAWASAKI, Kanagawa Prefecture, Japan, October 21, 2003 - Tokyo Ohka Kogyo Co., Ltd. (TOK) hereby announces the consolidation of the Dutch Branch Office (Apeldoorn, Holland) of Ohka Europe Ltd. (OEL), its wholly-owned subsidiary in the United Kingdom, with OEL's European Sales Office (Amersfoort, Holland), effective October 20. With this consolidation, OEL has reorganized its two locations on the European Continent into a single center.

The Dutch Branch Office of OEL has engaged in user support and sales, mainly in the field of printing / plate-making materials such as photopolymer plates for flexographic printing. The European region is of vital importance to the TOK Group in this field as well as that of semiconductors, and we have long been vigorously active there. We decided to integrate the Dutch Branch Office into the European Sales Office, which is developing business in the field of semiconductors, to make our operation in the region even more efficient and to concentrate our management resources.

Profile of the consolidated center of Ohka Europe Ltd.

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.

October 21, 2003

Contact

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