Notice of Partial Change of Shareholder Special Benefit Plan

2007.01.31

• News Release

Tsumura & Co. (Headquarters: Tokyo, President: Junichi Yoshii) is pleased to announce that the Company resolved at a meeting of the Board of Directors held on January 31, 2007 to change the shareholder special benefit plan, accompanying the change of one stock trading unit from 1,000 shares to 100 shares as of February 1, 2007. Details are as follows.

Details

1. Details of Shareholder Special Benefit Plan

Category of Shareholding	Before Change	After Change
At least 100 shares but less than 1,000 shares (Newly established)	-	Products of Group companies worth 1,500 yen*
1,000 shares or more (Same as before)	Products of Group companies worth 3,000 yen	Products of Group companies worth 3,000 yen*

* We plan to present household products, such as bath additives sold by Tsumura Lifescience Co., Ltd., a subsidiary of Tsumura & Co.

2. Subject Shareholders
Special benefits will be provided to shareholders who are recorded in the shareholders' register and the beneficial shareholders' register as of March 31 every year and who own 100 shares (one trading unit) or more.

3. Timing for Application of Change
We will begin applying the change to shareholders who are recorded in the shareholders' register and the beneficial shareholders' register as of March 31, 2007.

4. Timing for Presentation of Special Benefits
We plan to ship the special benefits in early July each year.