August 20, 2004
The conversion price has been revised downward, as follows:
1. Conversion Price Revision
Name of convertible bond: | New Price | Former Price |
---|---|---|
Kanematsu Corp.'s 2nd issue of unsecured non-detachable warrants (non-detachable warrants with a special clause for non-subordination to other bonds traded solely in Japan |
\147.20 | \157.60 |
2. Effective: August 23, 2004
3. Grounds for the Revision:
The revision in question has been made in response to a decline in the Company's share price. Such a change is provided for in the terms specified in the bond prospectus.