Teijin In Negotiations With Acordis To Acquire Twaron

Japan-based Teijin Ltd. is negotiating with Netherlands-based Acordis to acquire Twaron Products
BV, Acordis Twaron® paralinked aramid fiber business. Both firms expect to conclude an agreement in
the near future. The acquisition is subject to regulatory approval. Teijin is seeking to acquire
all shares in Twaron Products and Twaron Products Twaron sales company in Germany, as well as
Twaron-related activities in the United States and Brazil, and sales and marketing activities
worldwide. Upon approval of the acquisition, Twaron Products will become a Teijin subsidiary named
Teijin Twaron BV and will continue its business as part of Teijins global fibers
organization.Shosaku Yasui, president and CEO, Teijin, said, This transaction is a key step in our
strategy to establish a truly global presence with a broader array of products in a core Teijin
material aramid fibers and is one that promises strong growth potential.

December 2000