Mitsubishi Chemical : Taiyo Nippon Sanso Corporation Announces“Notice Regarding Completed Acquisition (100% Ownership) Procedures of US Company Praxair, Inc.’s European Businesses”

December 3, 2018

Company name: Representative:Mitsubishi Chemical Holdings Corporation Hitoshi Ochi

Representative Corporate Executive Officer, President & Chief Executive OfficerContact:

TSE code no.:4188, 1st section Hajime Takasaka

Executive Officer, General Manager,

Tel:

Public Relations and Investor Relations Office [+81] (0)3-6748-7120

Taiyo Nippon Sanso Corporation Announces

"Notice Regarding Completed Acquisition (100% Ownership) Procedures of US Company Praxair, Inc.'s European Businesses"

Mitsubishi Chemical Holdings Corporation's consolidated subsidiary, Taiyo Nippon Sanso Corporation (Head office: Shinagawa-ku, Tokyo; President-CEO: Yujiro Ichihara) announced today that it has completed procedures for the acquisition of the shares of the corporations running a part of the European business of US company Praxair, Inc., as announced in the press release "Notice of Acquisition (100% Ownership) of US Company, Praxair, Inc.'s European Businesses" dated July 5, 2018. Please refer to the attached press release for details.

December 3, 2018

To Whom It May Concern:

Company Name: Representative:

Taiyo Nippon Sanso Corporation Yujiro Ichihara, Representative Director, President CEO

(Code: 4091, 1st Section of Tokyo Stock Exchange)

Contact:

Hisataka Ose, General Manager Corporate Communications (TEL: [phone])

Notice Regarding Completed Acquisition (100% Ownership) Procedures of US Company Praxair, Inc.'s European Businesses

Taiyo Nippon Sanso Corporation ("TNSC") announced that it has completed procedures for the acquisition of the shares of the corporations running a part of the European business of US company Praxair, Inc. ("Praxair"), as announced in the press release "Notice of Acquisition (100% Ownership) of US Company, Praxair, Inc.'s European Businesses" dated July 5, 2018.

1. Completion of Procedures

TNSC concluded a share purchase agreement with Praxair on July 5, 2018 for acquiring the shares of the corporations running a part of Praxair's European businesses (industrial gas business in Germany, Spain, Portugal, Italy, Norway, Denmark, Sweden, the Netherlands, Belgium; carbon dioxide business in the United Kingdom, Ireland, the Netherlands, and France; and helium-related business). In accordance with the contract, today TNSC acquired the businesses through our subsidiaries established in Europe, TNSC Euro-Holding S. L. U. (Spain), TNSC Germany GmbH (Germany) etc. The acquisition price was 4,913 million euro (approximately 634.7 billion yen*).

*Assuming an exchange rate of 1 euro = ¥129.19 (as of November 30)

2. Impact on Earnings

The impact of the acquisition on the Company's consolidated earnings forecast for the fiscal year ending March 31, 2019 is currently being examined and will be reported promptly as soon as it has been ascertained.