| May 23, 2003 |
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| Company Name: |
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ISEKI & CO., LTD. |
| Company representative: |
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Hiroyuki Nakano, President |
| Company code: |
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6310 |
| Stock Exchange Listings: |
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First Section, Tokyo Stock Exchange |
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First Section, Osaka Securities Exchange |
| Enquiries: |
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Kazuyoshi Sonoda, Director
(Telephone: +81-3-5604-7710) |
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| To whom it may concern, |
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Notice Concerning Share Buyback
(Repurchase of own shares pursuant to Article 210
of the Commercial Code) |
| Iseki & Co., Ltd. hereby gives notice that a decision was resolved at a meeting
of the Board of Directors on May 23, 2003, to bring forward to the 79th Ordinary
General Meeting of Shareholders scheduled for June 27, 2003, an agendum concerning
the buyback of shares, pursuant to the provisions of Article 210 of the Commercial
Code of Japan. Details are as follows. |
| 1. |
Reason for share buyback |
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To provide the potential to implement flexible capital measures |
| 2. |
Buyback details |
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| (1) |
Type of shares to be bought back: |
Iseki & Co., Ltd. common shares |
| (2) |
Total number of shares to be bought back: |
Up to 13 million shares
(5.77% of total issued shares) |
| (3) |
Total buyback cost of shares: |
 1.5 billion |
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| Note: |
The above details are provisional, subject to the approval and
passing of the "Share Buyback" item at the 79th Ordinary General Meeting of Shareholders
scheduled for June 27, 2003. |
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