June 18, 2004
The conversion price for Kanematsu's 2nd issue of unsecured non-detachable warrants has been revised upward, 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) |
\168.90 | \184.00 |
2. Effective: June 21, 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.